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    BNY Mellon New York Intermediate Tax-Exempt Bond Fund

    Why invest in this Fund?

    The fund seeks as high a level of income exempt from federal, New York state and New York city income taxes as is consistent with the preservation of capital.

    To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that provide income exempt from federal, New York state and New York City personal income taxes.These municipal bonds include those issued by New York state and New York City as well as those issued by U.S. territories and possessions.

    The fund normally expects to be fully invested in tax-exempt securities, but may invest up to 20% of its assets in fixed income securities the interest from which is subject to federal income tax, the federal alternative minimum tax, and/or New York state and New York city personal income taxes.

    The fund's investments in municipal bonds must be rated investment grade (i.e. Baa/BBB or higher) at the time of purchase or, if unrated, deemed of comparable quality by the investment adviser. Generally, the fund's average effective portfolio maturity will be between three and ten years. The fund may invest in individual bonds of any maturity. In calculating average effective portfolio maturity, the fund may treat a security that can be repurchased by its issuer on an earlier date (known as a "call date") as maturing on the call date rather than on its stated maturity date.
    Class Inception Date
    08/10/92
    Fund Assets
    $94,506,922  As of  04/22/24
    Class Assets
    $8,277,744  As of  04/22/24
    Portfolio Turnover Rate
    86.42% As of fiscal year end  08/31/23
    Morningstar Category
    Municipal New York Intermediate
    Benchmark
    S&P Municipal Bond Investment Grade Intermediate Index
    Morningstar Overall Rating
    Fund Holdings
    94 As of 03/31/24
    AVERAGE EFFECTIVE MATURITY
    9.41 yr(s).  As of  03/31/24

    Morningstar Rating™ as of March 31, 2024 for the Investor Shares class shares; other classes may have different performance characteristics. Overall rating for the Municipal New York Intermediate category. Fund ratings are out of 5 Stars: Overall 3 Stars (42 funds rated); 3 Yrs. 2 Stars (42 funds rated); 5 Yrs. 3 Stars (42 funds rated); 10 Yrs. 3 Stars (35 funds rated).

    Yields and Expense Ratio

    30-DAY SEC YIELD
    as of 04/22/24
    ANNUALIZED
    DISTRIBUTION RATE
    as of 03/31/24
    PROSPECTUS FEE TABLE EXPENSE RATIO (%)
    as of 12/29/23
    Subsidized Unsubsidized Net Gross Contractual
    Fee Waiver End Date
    2.66 2.44 2.14 0.84 1.03 12/29/24

    Portfolio Managers

    • John F. Flahive

      John F. Flahive, CFA

      Portfolio Manager, The Bank of New York Mellon

      Managing Fund Since 2007

    • Gregory J.  Conant

      Gregory J. Conant

      Portfolio Manager,

      Managing Fund Since 2015


    Total Returns

    Average Annual
    As of 03/31/24
    Name 3 MO
    03/31/24
    YTD
    03/31/24
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon New York Intermediate Tax-Exempt Bond Fund
    MNYIX
    -0.33 -0.33 2.57 -0.64 1.03 1.81 3.43
    S&P Municipal Bond Investment Grade Intermediate Index
    -0.34 -0.34 2.39 -0.16 1.58 2.43 -
    Average Annual
    As of 03/31/24
    Name 3 MO
    03/31/24
    YTD
    03/31/24
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon New York Intermediate Tax-Exempt Bond Fund
    MNYIX
    -0.33 -0.33 2.57 -0.64 1.03 1.81 3.43
    S&P Municipal Bond Investment Grade Intermediate Index
    -0.34 -0.34 2.39 -0.16 1.58 2.43 -

    The performance data quotes represents past performance, which is no guarantee of future results. Yield, share price and investment return fluctuate and an investor’s shares may be worth more or less than original cost upon redemption. Current performance may be lower or higher than the performance quoted. Click above for month-end returns.

    The S&P Municipal Bond Investment Grade Intermediate Index consists of bonds in the S&P Municipal Bond Index that are rated at least BBB- by Standard & Poor’s, Baa3 by Moody’s or BBB- by Fitch Ratings. All bonds must also have a minimum maturity of 3 years and a maximum maturity of up to, but not including, 15 years as measured from the rebalancing date. Investors cannot invest directly in any index.

    Growth of $10,000 Investment

    Historical Performance

      Yield fluctuates and past performance is no guarantee of future results.

      Monthly yield history is the annualized distribution rate that is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.

      Investment return fluctuates and past performance is no guarantee of future results.


      Prospectus Fee Table Expense Ratios

      As of  12/29/23 Fee Description Expense Ratio (%)
      Management Fee 0.50%
      Service Fee 0.25%
      Administration Fee 0.14%
      Other Expenses 0.14%
      Total Expenses 1.03%
      Expenses Reimbursed 0.19%
      Net Expenses 0.84%
      The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until December 29, 2024, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of neither class of fund shares (excluding shareholder services fees, taxes, interest expense, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed .59%. On or after December 29, 2024, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.

      Portfolio Manager/Sub-Investment Adviser

      The investment adviser for the fund is BNY Mellon Fund Advisers, a division of BNY Mellon Investment Adviser, Inc. John F. Flahive and Gregory J. Conant are the fund?s primary portfolio managers, positions they have held since September 2008 and September 2015, respectively. Messrs. Flahive and Conant are senior vice president and vice president, respectively, of BNY Mellon Wealth Management. Messrs. Flahive and Conant manage the fund as employees of BNY Mellon Investment Adviser, Inc.

      Asset Allocation


          Daily Statistics

          As of 04/22/24 Name NAV Change 02/01/24  12 Month 
          High Nav
          10/30/23  12 Month 
          Low Nav
          YTD Return
          MNYIX
          $10.33
          $0.00
          0.00%
          $10.53 $9.81 -1.43%

          Performance Metrics

          Overall Morningstar Rating


          MORNINGSTAR CATEGORY Municipal New York Intermediate


          Morningstar Rating™ as of 03/31/24 for the Investor Shares shares; other classes may have different performance characteristics. Overall rating for the Municipal New York Intermediate. Fund ratings are out of 5 Stars: Overall 3 Stars (42 funds rated); 3 Yrs. 2 Stars (42 funds rated); 5 Yrs. 3 Stars (42 funds rated); 10 Yrs. 3 Stars (35 funds rated).
          The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance (not including the effects of sales charges, loads and redemption fees if applicable), placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-,and 10-year (if applicable) Morningstar Rating metrics. © Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.

          Lipper Rankings

          • 1 Year
            17 out of 32
          • 3 Year
            24 out of 31
          • 5 Year
            18 out of 31
          • 10 Year
            8 out of 23

          LIPPER CLASSIFICATION New York Intermdt Municipal Debt Funds


          Lipper Category returns and rankings as of 03/31/24, are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns. Rankings do not reflect sales loads

          Main Risks

          The fund is generally subject to interest rate, call, credit, liquidity, and market risks, to varying degrees, all of which are more fully described in the fund's prospectus.
          The fund is subject to the risk that New York's economy, and the revenues underlying its municipal bonds, may decline, meaning that the ability of the issuer to make timely principal and interest payments may be reduced. Investing primarily in a single state makes the fund more sensitive to risks specific to the state and may magnify other risks.
          Prices of bonds tend to move inversely with changes in interest rates. Typically, a rise in rates will adversely affect bond prices and, accordingly, the fund's share price.
          Please refer to the prospectus for a more complete discussion of the fund's main risks.

          Risk Metrics

          As of  03/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          MNYIX
          6.48 -0.71 0.87 99.24 -0.53

          All risk metrics are provided by Morningstar. The index used in the calculations are determined by Morningstar which may not be the funds primary benchmark. The index Morningstar used for this analysis is Bloomberg U.S. Municipal Bond Index.



          Dividend Schedule

          Declared
          Daily
          Distributed
          Monthly
          Paid
          Monthly
          Fiscal Year End
          Aug 31

          Annualized distribution rate is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.

          Month/Year Dividend ($)
          03/2024 0.018988471
          02/2024 0.017653674
          01/2024 0.018288291
          12/2023 0.019381323
          11/2023 0.018142716
          10/2023 0.019981774
          09/2023 0.017676871
          08/2023 0.019286863
          07/2023 0.018433514
          06/2023 0.018059146
          05/2023 0.019819844
          04/2023 0.016454923

          All figures as of month-end. Dividend history does not reflect any capital gains that may have been paid.

          Distributions History

          Record Date Ex-Dividend Date Payable Date Ordinary 
          Non-Qualified 
          Dividends
          Qualified 
          Dividends
          Non-Qualified 
          Short-Term 
          Capital Gain
          Qualified 
          Short-Term 
          Capital Gain
          Long-Term 
          Capital Gain
          Total 
          Distribution
          12/22/21 12/23/21 12/23/21 0.0000 0.0000 0.0484 0.0000 0.0718 0.1202
          Record Date Ex-Dividend Date Payable Date Ordinary 
          Non-Qualified 
          Dividends
          Qualified 
          Dividends
          Non-Qualified 
          Short-Term 
          Capital Gain
          Qualified 
          Short-Term 
          Capital Gain
          Long-Term 
          Capital Gain
          Total 
          Distribution
          12/22/20 12/23/20 12/23/20 0.0000 0.0000 0.0211 0.0000 0.0574 0.0785
          12/26/19 12/27/19 12/27/19 0.0000 0.0000 0.0140 0.0000 0.0592 0.0732
          12/27/18 12/28/18 12/28/18 0.0000 0.0000 0.0000 0.0000 0.0088 0.0088
          12/27/17 12/28/17 12/28/17 0.0000 0.0000 0.0037 0.0000 0.0000 0.0037
          12/28/16 12/29/16 12/29/16 0.0000 0.0000 0.0458 0.0000 0.1324 0.1782
          12/22/15 12/23/15 12/23/15 0.0000 0.0000 0.0000 0.0000 0.0314 0.0314
          12/18/13 12/19/13 12/19/13 0.0000 0.0000 0.0000 0.0000 0.1723 0.1723
          12/12/12 12/13/12 12/13/12 0.0000 0.0000 0.0275 0.0000 0.0945 0.1220
          12/07/11 12/08/11 12/08/11 0.0000 0.0000 0.0000 0.0000 0.0268 0.0268
          12/08/10 12/09/10 12/09/10 0.0000 0.0000 0.0036 0.0000 0.0062 0.0098
          12/09/09 12/10/09 12/10/09 0.0000 0.0000 0.0000 0.0000 0.0001 0.0001
          07/22/09 07/23/09 07/23/09 0.0000 0.0000 0.0000 0.0000 0.0002 0.0002
          12/10/08 12/11/08 12/11/08 0.0000 0.0000 0.0000 0.0000 0.0014 0.0014
          09/10/08 09/11/08 09/11/08 0.0000 0.0000 0.0000 0.0000 0.0054 0.0054
          12/20/07 12/21/07 12/21/07 0.0000 0.0000 0.0000 0.0000 0.0130 0.0130
          07/20/06 07/21/06 07/21/06 0.0000 0.0000 0.0000 0.0000 0.0030 0.0030
          12/20/05 12/21/05 12/21/05 0.0000 0.0000 0.0000 0.0000 0.0085 0.0085
          07/20/05 07/21/05 07/21/05 0.0000 0.0000 0.0000 0.0000 0.0045 0.0045
          12/20/04 12/21/04 12/21/04 0.0000 0.0000 0.0000 0.0000 0.0000 0.0227
          07/20/04 07/21/04 07/21/04 0.0000 0.0000 0.0000 0.0000 0.0000 0.0036
          12/18/03 12/19/03 12/19/03 0.0000 0.0000 0.0000 0.0000 0.0000 0.0444
          07/18/03 07/21/03 07/21/03 0.0000 0.0000 0.0000 0.0000 0.0000 0.0015
          12/19/02 12/20/02 12/20/02 0.0000 0.0000 0.0006 0.0000 0.0000 0.0364
          07/18/02 07/19/02 07/19/02 0.0000 0.0000 0.0000 0.0000 0.0000 0.0038
          12/20/01 12/21/01 12/21/01 0.0000 0.0000 0.0237 0.0000 0.0000 0.0731
          07/19/01 07/20/01 07/20/01 0.0000 0.0000 0.0000 0.0000 0.0000 0.0080
          08/19/99 08/20/99 08/20/99 0.0000 0.0000 0.0000 0.0000 0.0000 0.0014
          12/18/98 12/21/98 12/21/98 0.0000 0.0000 0.0000 0.0000 0.0000 0.0096
          See all rows...

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