BNY Mellon Pennsylvania Intermediate Municipal Bond Fund

    Overview

    Why invest in this Fund?

    The fund seeks as high a level of income exempt from federal and Pennsylvania state 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, the interest from which is exempt from federal and Pennsylvania state personal income taxes. The fund also may invest in municipal bonds that are exempt from federal income taxes, but not Pennsylvania personal income taxes, and in taxable bonds.

    The fund's investments in municipal and taxable bonds must be of investment grade (i.e. Baa/BBB or higher) quality 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 and the average effective duration of the fund?s portfolio will not exceed eight years. The fund may invest in individual municipal and taxable bonds of any maturity or duration.

    In calculating average effective portfolio maturity and average effective portfolio duration, 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
    01/01/87
    Fund Assets
    $93,454,958  As of  09/13/24
    Class Assets
    $89,294,965  As of  09/13/24
    Portfolio Turnover Rate
    109.86% As of fiscal year end  08/31/23
    Morningstar Category
    Municipal Pennsylvania
    Benchmark
    S&P Municipal Bond Investment Grade Intermediate Index
    Morningstar Overall Rating
    Fund Holdings
    105 As of 08/31/24
    AVERAGE EFFECTIVE MATURITY
    10.27 yr(s).  As of  08/31/24

    Morningstar Rating™ as of August 31, 2024 for the Class M class shares; other classes may have different performance characteristics. Overall rating for the Municipal Pennsylvania category. Fund ratings are out of 5 Stars: Overall 3 Stars (50 funds rated); 3 Yrs. 3 Stars (50 funds rated); 5 Yrs. 3 Stars (49 funds rated); 10 Yrs. 2 Stars (41 funds rated).

    Yields and Expense Ratio

    SUBSIDIZED
    as of 09/13/24     		UNSUBSIDIZED
    as of 09/13/24     		ANNUALIZED DISTRIBUTION RATE
    as of 08/31/24     		TAXABLE EQUIVALENT DISTRIBUTION *
    as of
    08/31/24     		PROSPECTUS FEE TABLE EXPENSE RATIO (%)
    as of 12/29/23     		CONTRACTUAL
    FEE WAIVER END DATE
    30-DAY SEC YIELD TAXABLE EQUIVALENT YIELD * 30-DAY SEC YIELD TAXABLE EQUIVALENT YIELD * Net Gross
    2.77 4.93 2.56 4.56 2.46 4.38 0.59 0.79 12/29/24

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

    The SEC 30-day Yield is calculated by dividing the net investment income per share earned during the period (calculated in accordance with regulatory guidelines) by the maximum offering price per share on the last day of the period.

    Unsubsidized yield displays what the fund's 30-Day SEC Yield would have been had no fee waiver or expense reimbursement been in place during the period.

    The taxable-equivalent yield is the return that a taxable bond fund needs to possess for its yield to equal the yield on a comparable tax-exempt bond fund, such as a municipal bond fund.

    Tax rates are subject to change; please consult with your financial or tax professional for information concerning your specific situation.

    * Based on maximum combined federal, state and Medicare tax of 43.87%. Other taxes not included.

    Portfolio Managers

    • Mary Collette O'Brien

      Mary Collette O'Brien

      Managing Director , The Bank of New York Mellon

      Managing Fund Since 2000
    • Gregory J. Conant

      Gregory J. Conant

      Portfolio Manager,

      Managing Fund Since 2015
    Performance

    Total Returns

    Month End

    Average Annual
    As of 08/31/24
    Name 3 MO
    08/31/24     		YTD
    08/31/24     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Pennsylvania Intermediate Municipal Bond Fund
    MPPIX
    		2.92 1.20 5.20 -0.50 0.80 1.93 4.21
    S&P Municipal Bond Investment Grade Intermediate Index
    		3.40 1.09 5.22 -0.22 1.05 2.23 -

    Quarter End

    Average Annual
    As of 06/30/24
    Name 3 MO
    06/30/24     		YTD
    06/30/24     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Pennsylvania Intermediate Municipal Bond Fund
    MPPIX
    		-0.26 -0.36 2.72 -0.85 0.94 1.89 4.19
    S&P Municipal Bond Investment Grade Intermediate Index
    		-0.45 -0.79 2.55 -0.67 1.08 2.17 -

    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

      Monthly

      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.

      Yearly

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

      Fees & Expenses

      Prospectus Fee Table Expense Ratios

      As of  12/29/23 Fee Description Expense Ratio (%)
      Management Fee 0.50%
      Administration Fee 0.14%
      Other Expenses 0.15%
      Total Expenses 0.79%
      Expenses Reimbursed 0.20%
      Net Expenses 0.59%
      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

      Portfolio Manager/Sub-Investment Adviser

      The investment adviser for the fund is BNY Mellon Fund Advisers, a division of BNY Mellon Investment Adviser, Inc. Mary Collette O'Brien and Gregory J. Conant are the fund's primary portfolio managers. Ms. O'Brien has held that position since the fund's inception in October 2000. Mr. Conant has held that position since September 2015. Ms. O'Brien and Mr. Conant are managing director and vice president, respectively, of BNY Mellon Wealth Management. Ms. O'Brien and Mr. Conant manage the fund as employees of BNY Mellon Investment Adviser, Inc.
      Download Total Holdings

      Asset Allocation

          Stats & Risks

          Daily Statistics

          As of 09/13/24 Name NAV Change 09/13/24  12 Month 
          High Nav           		10/30/23  12 Month 
          Low Nav           		YTD Return
          MPPIX
          		$11.65
          $0.00
          0.00%
          		$11.65 $10.89 1.91%

          Performance Metrics

          Overall Morningstar Rating

          MORNINGSTAR CATEGORY Municipal Pennsylvania

          Morningstar Rating™ as of 08/31/24 for the Class M shares; other classes may have different performance characteristics. Overall rating for the Municipal Pennsylvania. Fund ratings are out of 5 Stars: Overall 3 Stars (50 funds rated); 3 Yrs. 3 Stars (50 funds rated); 5 Yrs. 3 Stars (49 funds rated); 10 Yrs. 2 Stars (41 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
            10 out of 46
          • 3 Year
            10 out of 46
          • 5 Year
            4 out of 46
          • 10 Year
            3 out of 41

          LIPPER CLASSIFICATION Other States Intermediate Muni Debt Fds

          Lipper Category returns and rankings as of 08/31/24, 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 subject generally to interest rate, credit, liquidity, call, and market risks, to varying degrees, all of which are more fully described in the fund's prospectus.
          Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines.
          Investing primarily in a single state may make the fund's portfolio securities more sensitive to risks specific to the state.
          Please refer to the prospectus for a more complete discussion of the fund's main risks.

          Risk Metrics

          As of  08/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          MPPIX
          		6.12 -0.86 0.81 99.18 -0.67

          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.


          Distributions

          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 ($)
          08/2024 0.025756947
          07/2024 0.024233369
          06/2024 0.021381153
          05/2024 0.025334524
          04/2024 0.023094267
          03/2024 0.023630856
          02/2024 0.022039200
          01/2024 0.022757662
          12/2023 0.024345867
          11/2023 0.022486539
          10/2023 0.024152535
          09/2023 0.021356836

          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 0.0209 0.0000 0.0858 0.1067
          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 0.0053 0.0000 0.0738 0.0791
          12/26/19 12/27/19 12/27/19 0.0000 0.0000 0.0059 0.0000 0.0172 0.0231
          12/27/17 12/28/17 12/28/17 0.0000 0.0000 0.0000 0.0000 0.0210 0.0210
          12/28/16 12/29/16 12/29/16 0.0000 0.0000 0.0137 0.0000 0.1826 0.1963
          12/22/15 12/23/15 12/23/15 0.0000 0.0000 0.0062 0.0000 0.0323 0.0385
          12/18/13 12/19/13 12/19/13 0.0000 0.0000 0.0000 0.0000 0.1121 0.1121
          12/12/12 12/13/12 12/13/12 0.0000 0.0000 0.0058 0.0000 0.0839 0.0897
          12/09/09 12/10/09 12/10/09 0.0000 0.0000 0.0028 0.0000 0.0000 0.0028
          12/10/08 12/11/08 12/11/08 0.0000 0.0000 0.0055 0.0000 0.0353 0.0408
          12/12/07 12/13/07 12/13/07 0.0000 0.0000 0.0044 0.0000 0.0162 0.0206
          12/14/06 12/15/06 12/15/06 0.0000 0.0000 0.0038 0.0000 0.0231 0.0269
          12/15/05 12/16/05 12/16/05 0.0000 0.0000 0.0152 0.0000 0.0622 0.0774
          12/08/04 12/09/04 12/09/04 0.0000 0.0000 0.0005 0.0000 0.0829 0.0834
          12/04/03 12/05/03 12/05/03 0.0000 0.0000 0.0000 0.0000 0.0320 0.0320
          12/06/01 12/07/01 12/07/01 0.0000 0.0000 0.0278 0.0000 0.0000 0.1179
          12/06/00 12/07/00 12/07/00 0.0000 0.0000 0.0023 0.0000 0.0000 0.0048
          See all rows...
          Literature

          Literature

          Factsheet, Prospectus and Reports

          • Download
          • Share
          • Subscribe
          • Order
          Factsheet Download
          Prospectus Download
          SAI Download
          Annual Report Download
          Semi Annual Report Download
          1Q Fiscal Holdings Download
          3Q Fiscal Holdings Download