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    BNY Mellon Municipal Opportunities ETF (BMOP)

    • CUSIP 05613H803
    • NAV  $ 24.10 As of  09/14/26
    • CHG  $ -0.02 (-0.08 %)
    • MKT PRICE  $24.03 As of  09/14/26
    • CHG  $-0.02 (-0.08 %)
    • TOTAL EXPENSE RATIO 
      0.49% 
      Net
      0.54% 
      Gross
    Overview

    Why invest in this Fund?

    • The fund seeks to maximize current income exempt from federal income tax and capital appreciation.
    • 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 U.S. federal income tax.
    • The fund invests at least 50% of its net assets in bonds that are rated investment grade (i.e., Baa3/BBB- or higher) at the time of purchase or, if unrated, deemed of comparable quality by the fund's sub-adviser. For additional yield, the fund may invest up to 50% of its net assets in bonds that are rated below investment grade ("high yield" or "junk" bonds) or, if unrated, deemed of comparable quality by the fund's sub-adviser, Insight North America LLC.
    • The fund may invest in individual municipal and taxable bonds of any maturity or duration and does not expect to target any specific range of maturity or duration.
    • Duration is an indication of an investment's "interest rate risk," or how sensitive a bond or the fund's portfolio may be to changes in interest rates. Generally, the longer a bond's duration, the more likely it is to react to interest rate fluctuations and the greater its long-term risk/return potential.
    • The fund’s liquid ETF structure allows investors to buy or sell any time the market is open.
    LISTING DATE
    01/12/26
    INCEPTION DATE
    10/15/08
    NET ASSETS
    $1,725,376,772  As of  09/14/26
    NUMBER OF SHARES OUTSTANDING
    71,580,124  As of  09/14/26
    MARKET PRICE 52-WEEK HIGH
    $25.23  As of  02/27/26
    MARKET PRICE 52-WEEK LOW
    $24.00  As of  09/10/26
    AVG EFFECTIVE DURATION
    7.76 yr(s). As of  08/31/26
    WEIGHTED AVG YIELD TO MATURITY
    6.2% As of  08/31/26
    WEIGHTED AVG MATURITY
    9.25 yr(s). As of  08/31/26
    DISTRIBUTION FREQUENCY
    Monthly
    Morningstar Category
    Municipal National Intermediate
    Morningstar Overall Rating
    Number of Holdings
    673 As of  08/31/26
    SUB-ASSET CLASS
    Tax-Exempt
    EXCHANGE
    NASDAQ

    Morningstar Rating™ as of August 31, 2026. Overall rating for the Municipal National Intermediate category. Fund ratings are out of 5 Stars: Overall 4 Stars (253 funds rated); 3 Yrs. 4 Stars (253 funds rated); 5 Yrs. 3 Stars (237 funds rated); 10 Yrs. 5 Stars (178 funds rated).

    Yields and Expense Ratio

    30-DAY SEC YIELD
    as of 09/14/26      SUBSIDIZED     		UNSUBSIDIZED CURRENT YIELD
    as of  09/14/26     		CONTRACTUAL
    FEE WAIVER END DATE     		PROSPECTUS FEE TABLE EXPENSE RATIO (%)
    as of  12/31/25     NET     		GROSS
    4.17 4.17 3.87 12/31/27 0.49 0.54

    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.

    Gross Expenses is the total annual operating expense ratio for the fund, before any fee waivers or expense reimbursements. Net Expenses is the total annual operating expense ratio for the fund, after any applicable fee waivers or expense reimbursements. The Gross Expenses, or Net Expenses (if including fee waivers or expense reimbursements) is the actual fund expense ratio applicable to investors.

     

    NAV - A fund's NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding.

    Market Price - The market price is the most recent official closing price for the listed exchange.

    Current Yield - (Sum of 30 days of net investment income/sum of 30 days of net assets) * (365*100)

    Avg Effective Duration - It is used to measure the market price sensitivity of the fund’s portfolio holdings to changes in interest-rates. Duration is not a complete measure of bond risk and may not be successful.

    Weighted Avg Yield to Maturity - The averaged total return anticipated on a group of bonds if held until their maturity.

    Weighted Avg Maturity - A measure of the average maturity of all of the underlying security instruments in the fund, weighted to reflect the relative percentage ownership of each instrument, and taking into account applicable “maturity shortening” provisions.

    DOWNLOAD

    Portfolio Managers

    • Gregory J. Conant

      Gregory J. Conant, CFA

      Portfolio Manager, Insight North America, LLC

      Managing Fund Since January 2026

      Joined Firm in 1998

      Joined Industry in 1998
    • Jeffrey Burger

      Jeffrey Burger, CFA

      Senior Portfolio Manager, Insight North America, LLC

      Managing Fund Since January 2026

      Joined Firm in 2009

      Joined Industry in 2000
    Performance

    Daily Statistics

    As of  09/14/26 NAME 30-DAY MEDIAN 
    BID/ASK 
    SPREAD     		PREVIOUS DAY
    VOLUME     		20-DAY AVG 
    VOLUME     		PREMIUM/ 
    DISCOUNT     		YTD
    Total Return
    (NAV)
    BNY Mellon Municipal Opportunities ETF
    		0.12% 118,831 120,914 -0.31% -0.58%

    The performance data quoted represents past performance, which is no guarantee of future results.

     

    30-Day Median Bid-Ask Spread - Gives investors the midpoint within the spread between an ETF’s selling price and buying price. It is calculated over the last 30 days in 10 second intervals by dividing the difference between the bid (sell price) and offer (buy price) by the midpoint of the National Best Bid Offer (NBBO) and identifying the median of those values.

    20-Day Avg Volume - 20-Day Average Volume is the sum of last 20 days of trading volume divided by 20 days.

    Premium / Discount - The amount the fund is trading above or below the reported NAV expressed as a percentage of the NAV. When the fund's market price is greater than the fund's NAV, it is said to be trading at a "Premium" and the percentage is expressed as a positive number. When the fund's market price is less than the fund's NAV, it is said to be trading at a "Discount" and the percentage is expressed as a negative number.

    Total Returns

    Click here for NAV Returns 

    Month End

    MARKET PRICE
    Average Annual
    As of 08/31/26
    Name 3 MO
    08/31/26     		YTD
    08/31/26     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Municipal Opportunities ETF
    BMOP
    		-0.63 1.15 5.42 4.20 0.79 2.46 5.24
    Bloomberg U.S. Municipal Bond Index
    		-1.13 0.20 4.12 3.40 0.54 1.91 -
    S&P Municipal Bond Index
    		-1.00 0.30 4.16 3.59 0.79 2.01 -

    Quarter End

    MARKET PRICE
    Average Annual
    As of 06/30/26
    Name 3 MO
    06/30/26     		YTD
    06/30/26     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Municipal Opportunities ETF
    BMOP
    		3.07 2.98 7.48 4.56 1.20 2.71 5.40
    Bloomberg U.S. Municipal Bond Index
    		2.50 2.32 7.03 3.76 1.05 2.15 -
    S&P Municipal Bond Index
    		2.25 2.07 6.61 3.90 1.23 2.21 -

    The performance data quoted represents past performance, which is no guarantee of future results. Share price, yield 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.

    The performance information shown before January 9, 2026 reflects that of Class M shares of the  BNY Mellon Municipal Opportunities  Fund ("Predecessor Fund"), which had a different fee structure than the fund. The fund's investment strategies are similar to those of the Predecessor Fund; however, while each fund may invest in derivatives as a part of its principal investment strategy, unlike the Predecessor Fund, the fund's investments in derivatives may also include options on futures and interest rate swaps such as MMD Rate Locks.  The performance returns shown are based on the Predecessor Fund's fee structure and investment strategies. Past performance may have been different if the fund's current fee structure and investment strategies had been in place during the period. The NAV and market price performance of the ETF use the predecessor mutual fund's NAV from inception to listing.

    Market Price performance is calculated using the most recent NASDAQ Official Closing Price. Market Price returns do not represent investors’ returns had they traded shares at other times.

    The S&P Municipal Bond Index is a market-value-weighted index designed to measure the performance of the U.S. municipal bond market, which includes debt issued by states and local governments. Investors cannot invest directly in any index.

    The Bloomberg U.S. Municipal Bond Index is the broad-based benchmark for the BNY Mellon Municipal Opportunities ETF. The S&P Municipal Bond Index was the broad-based benchmark for the Predecessor Fund.

    “BLOOMBERG®” and the Bloomberg indices listed herein (the “Indices”) are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the Indices (collectively, “Bloomberg”) and have been licensed for use for certain purposes by the distributor hereof (the “Licensee”). Bloomberg is not affiliated with Licensee, and Bloomberg does not approve, endorse, review, or recommend the financial products named herein (the “Products”). Bloomberg does not guarantee the timeliness, accuracy, or completeness of any data or information relating to the Products.

    Growth of $10,000 Investment

    Past performance is no guarantee of future results.

    Historical NAV and Market Price

      Historical Premium/Discount

      Premium and Discount Summary Table

      As of  09/14/26 Q1 2026 Q2 2026
      Days Traded at Premium
      		15 12
      Days Traded at Discount
      		38 49

      The table shows the number of trading days in which the fund traded at a premium or discount to its closing NAV.  Past results are not indicative of future results.

      Premium/Discount

      Fees & Expenses

      Prospectus Fee Table Expense Ratios

      Fees as stated in the prospectus  Fee Description Total Expense Ratio (%)
      Management Fee 0.50%
      Other Expenses 0.04%
      Total Expenses 0.54%
      Expenses Reimbursed 0.05%
      Net Expenses 0.49%

      The Total Expenses is the actual fund expense ratio applicable to investors.

      The Adviser has contractually agreed to waive receipt of a portion of its management fee in the amount of 0.05% of the value of the fund’s average daily net assets until December 31, 2027. Prior to December 31, 2027, this fee waiver may only be terminated by the fund’s board. On or after December 31, 2027, the Adviser may terminate this fee waiver at any time.
      Portfolio

      Portfolio Manager/Sub-Investment Adviser

      The fund's investment adviser is BNY Mellon ETF Investment Adviser, LLC (BNYETF) and the fund's sub-adviser is Insight North America LLC (INA), an affiliate of BNYETF. Gregory J. Conant and Jeffrey Burger are the primary portfolio managers of the fund, positions they have held since January 2026. Mr. Conant and Mr. Burger are senior portfolio managers at INA. Each portfolio manager is jointly and primarily responsible for the day-to-day management of the fund's portfolio.

      Top Holdings

      Download Total Holdings
      As of 09/15/26
      Holdings % Portfolio Weight
      INTERMOUNTAIN PWR AGY 5 7/1/2042 0.89
      CA CMNTY CHOICE FIN-F 5 11/1/2033 0.79
      AUSTIN TX ARPT SYS RE 5 11/15/2046 0.76
      PUERTO RICO CMWLTH AQ 5 7/1/2030 0.74
      MA BAY TRANS AUTH-A 5 7/1/2038 0.66
      UNIV OF TEXAS SYS BRD 5 7/1/2041 0.61
      MD HLTH HGR AUTH-B FRN 8/15/2056 0.61
      LA DEPT OF WTR-B-REF 5 7/1/2037 0.61
      WASHINGTON ST-A 5 8/1/2040 0.60
      TENNERGY CORP -A FRN 10/1/2054 0.60
      MAIN STREET NATURAL-C FRN 12/1/2054 0.60
      BLACK BELT-SER-C FRN 5/1/2055 0.60
      CA CMNTY CHOICE FIN-C FRN 8/1/2055 0.59
      BLACK BELT ENERGY-K 5 10/1/2033 0.59
      MA SCH BLDG-B-SUB 5.25 2/15/2048 0.58
      TRIBOROUGH BRIDGE-A-3 5.25 5/15/2064 0.58
      IDAHO ST HSG & FIN AS 5 8/15/2043 0.58
      MA SCH BLDG-SUB-A 5.25 2/15/2048 0.55
      LA PUB FACS AUTH-AMT 5.5 9/1/2054 0.50
      HIGH STAR RANCH FING 6.25 12/1/2055 0.50
      MATCHING FUND SPL-A 5 10/1/2039 0.47
      CHICAGO BOE-B-REF 6.75 12/1/2030 0.45
      WA MET AREA TRANSIT-A 3 7/15/2040 0.44
      TX PRIVATE ACTIVITY 5.5 12/31/2058 0.44
      PR ELEC PWR AUTH-A 6.75 7/1/2036 0.44
      CHICAGO-A-REV 5.25 1/1/2041 0.43
      MA DEV FIN AUTH-U-1 FRN 3/1/2048 0.43
      NY TRNSPRTN DEV CRP-A 5.25 12/31/2054 0.42
      MASSACHUSETTS ST 5 11/1/2045 0.42
      BUILD NYC RESOURCE-A 7 12/15/2065 0.41
      ARKANSAS DEV FIN AUTH 5.7 5/1/2053 0.41
      CALIFORNIA ST MUNI FI 5 5/15/2052 0.41
      GOLDEN ST TOBACCO-A1 4.214 6/1/2050 0.41
      OK CTY WTR UTIL TRUST 5 7/1/2054 0.41
      CA CMNTY CHOICE-A-1 FRN 4/1/2056 0.40
      MA DEV FIN AGY-Q 5.5 12/1/2051 0.40
      RI HLTH-PROVIDENCE 5 11/1/2045 0.40
      CAL INFRA & ECO DEV-B FRN 1/1/2065 0.39
      VA PORT AUTH 5 7/1/2043 0.39
      OK CTY WTR UTIL TRUST 5 7/1/2049 0.38
      CHICAGO BRD ED-B-REF 6 12/1/2043 0.38
      SAN FRANCISCO APRT-A 5 5/1/2044 0.37
      MET TRANSPRTN AUTH-A 5 11/15/2037 0.37
      VIRGINIA ST CLG BLDG 5.25 2/1/2042 0.37
      CHICAGO-B-REF-AMT 5.25 1/1/2044 0.37
      CHICAGO 5 11/1/2039 0.36
      CA CMNTY CHOICE FING FRN 1/1/2054 0.36
      ENERGY SOUTHEAST-C-1 5 11/1/2033 0.36
      KING CNTY-REF FRN 1/1/2042 0.35
      FULTON CNTY GA DEV AU 5 3/15/2044 0.35
      TRIBOROUGH BRIDGE-A-2 5.25 5/15/2059 0.35
      FL DEV FIN CORP-A 5 6/15/2050 0.34
      CA MUNI FIN AUTH 5 5/15/2048 0.34
      MET TRANSPRTN-C-1 5 11/15/2050 0.34
      NATIONAL FIN AUTH-2 FRN 2/20/2043 0.34
      PUB FIN AUTH-AMT 5.75 6/30/2060 0.34
      FOOTHILL ESTRN TRANSP 4.094 1/15/2049 0.33
      RI HLTH & EDUCTNL-C 5 5/15/2043 0.33
      DETROIT COPS-TAXABLE 4.613 6/15/2015 0.33
      SOUTHEAST ENERGY AUTH FRN 1/1/2054 0.33
      AL TOLL ROAD-1 5.0 10/01/2032 0.33
      TX WTR DEV BRD-REV 5 8/1/2044 0.33
      PUBLIC FIN AUTH WI HO 4 6/1/2045 0.32
      TRIBOROUGH BRIDGE-A 5.25 12/1/2054 0.32
      NJ ECON DEV AUTH-AMT 5.375 1/1/2043 0.32
      DT OF COLUMBIA 5.25 1/1/2048 0.32
      NJ EDUCTNL FACS-A FRN 7/1/2064 0.31
      NJ ECON DEV AUTH-AMT 5.125 1/1/2034 0.31
      PUB FIN AUTH-AMT 6.5 12/31/2065 0.31
      MA DEV FIN AGY-A 5.25 1/1/2042 0.31
      NY ST TRANS DEV CORP 5 12/1/2041 0.31
      US TREASURY N/B 4.125 6/30/2031 0.31
      TNDR OPT RSDLS-XL0601 FRN 3/15/2049 0.31
      IN FIN AUTH-D-2-REF FRN 10/1/2063 0.31
      ILLINOIS ST-D 5 11/1/2028 0.30
      FORT BEND ISD-A-REF 4.25 8/15/2054 0.30
      S E ENERGY AUTH-A-1 FRN 1/1/2053 0.30
      OK TPK AUTH-A 5.5 1/1/2054 0.30
      IN FIN AUTH-D-1-REF FRN 10/1/2064 0.30
      KY PUB ENERGY AUTH-A FRN 6/1/2055 0.30
      PHILADELPHIA HSG-A 5.25 3/1/2040 0.30
      OK TPK AUTH-A 5.25 1/1/2050 0.30
      HIGHER EDUCTNL FACS-A 3 12/1/2048 0.30
      COLLIN CNTY 5 2/15/2040 0.30
      PUERTO RICO CMWLTH AQ 5 7/1/2035 0.30
      CA MUNI AUTH-1-A-1 4.05 7/20/2041 0.30
      MAIN ST NAT GAS INC-D FRN 5/1/2054 0.30
      MAIN STREET NATURAL-B FRN 12/1/2052 0.30
      KY PUB ENERGY-A FRN 5/1/2055 0.30
      ILLINOIS ST-B 5 6/15/2039 0.30
      CA CMNTY CHOICE FIN-C FRN 12/1/2055 0.30
      COOK CO-A-REF 5.25 11/15/2045 0.30
      ARLINGTON HGR EDU FIN 4 2/15/2049 0.30
      NEW YORK-D 5.25 4/1/2047 0.30
      TN ENERGY ACQ CORP-A- FRN 5/1/2053 0.30
      HOUSTON-A-REF 5.25 3/1/2049 0.29
      POINT 1 DT#1-A-1 6.125 3/1/2055 0.29
      MASSACHUSETTS ST 5 7/1/2045 0.29
      MIAMI-DADE CNTY WTR-A 5.25 10/1/2054 0.29
      GRAND PKWY TRANSPRTN 5 10/1/2043 0.29
      TRIBOROUGH BRIDGE 5 11/15/2049 0.29
      CA MUNI FIN AUTH 5 5/15/2040 0.29
      PROJECTNEW YORK TRANS 5 10/1/2040 0.29
      SC JOBS-ECO AUTH-REF 5.25 11/1/2054 0.29
      MET PIER CAB-A-AG 0 12/15/2040 0.29
      PUB FIN AUTH-AMT 5.75 12/31/2065 0.29
      CA MUNI FIN AUTH 5 5/15/2043 0.29
      TRIBOROUGH BRIDGE-A-1 5.25 5/15/2064 0.29
      BUILD NYC RESOURCE-A 7 12/15/2055 0.29
      CONNECTICUT ST-B 3 6/1/2038 0.29
      NEW YORK ST TRANSPRTN 5.5 6/30/2054 0.29
      MASSACHUSETTS ST-A 5 1/1/2041 0.29
      NEW YORK ST TRANSPRTN 5.25 6/30/2049 0.28
      MTA HUDSON RAIL YRD-A 5 11/15/2056 0.28
      CHICAGO BRD ED-C-REF 5.5 12/1/2045 0.27
      NYC TRANSITIONAL-A-1 5.5 5/1/2050 0.27
      MINNEAPOLIS -REV 4 11/15/2038 0.27
      CASH 0.27
      PR SALES TAX FING-A1 5 7/1/2058 0.27
      CO BRIDGE & TUNNEL-A 5.5 12/1/2054 0.27
      MASSACHUSETTS DEV-REF 5.25 7/1/2055 0.26
      SIERRA CLG #2-B-WESTE 0 8/1/2031 0.26
      CALIFORNIA CMNTY HSG 5 8/1/2049 0.26
      CLIFTON HGR EDU-REF 4 8/15/2044 0.26
      ARLINGTON CNTY VA IND 4 7/1/2045 0.26
      CENTRL PUGET-S-1-REF 3 11/1/2036 0.25
      GOLDEN ST TOBACCO -B 3.293 6/1/2042 0.25
      ST JAMES PSH-REV-REMK 6.35 7/1/2040 0.25
      MIDA MOUNTAIN VLG-2 6 6/15/2054 0.25
      MIDA CORMONT PUB-A-2 STEP-CPN 6/1/2055 0.25
      MO HLTH & EDUCTNL-A 4.25 4/1/2055 0.25
      CLIFTON HGR EDU 5 8/15/2047 0.25
      GRAND PKWY TRANSPRTN 4 10/1/2049 0.25
      CALIFORNIA ST HLTH FA 4 5/15/2046 0.25
      MARICOPA CNTY AZ PO 2.4 6/1/2035 0.25
      PR SALES TAX FING-A1 4.5 7/1/2034 0.24
      MA DEV FIN AGY-A 5.5 7/1/2066 0.24
      NV DEPT OF BUS SER B FRN 1/1/2065 0.24
      CALIFORNIA ST 5.25 10/1/2045 0.24
      ARKANSAS UNIV BRD-A 5 11/1/2054 0.24
      FOOTHILL E TRANSP-B1 3.95 1/15/2053 0.24
      IA ST FIN AUTH 5 8/1/2042 0.24
      CVI-CW/PRIFA RUM FRN 11/1/2051 0.24
      HOUSTON-A-REF 5 3/1/2042 0.24
      NY TRANSPRTN DEV CORP 6 6/30/2059 0.24
      JEFFERSON PSH ECON-A 5.625 6/15/2048 0.24
      OHIO ST 3 5/1/2039 0.24
      MET WASHINGTON DC-B 4 10/1/2053 0.24
      PUB FIN AUTH 4.25 7/1/2054 0.23
      NY ST TRANS DEV CORP 5 12/1/2039 0.23
      OHIO ST-REV-REF 4 10/1/2042 0.23
      MET WA DC ARPTS-CABS 0 10/1/2036 0.23
      PUBLIC FIN AUTH-A 5.5 7/1/2044 0.23
      NTHRN IN COMMUTER-REV 5 1/1/2054 0.23
      SIERRA VISTA INDL DEV 6.5 6/15/2055 0.23
      OHIO ST-REV-REF 4 10/1/2047 0.22
      NY TOBACCO-A-2B-REF 5 6/1/2045 0.22
      BUILD NYC RESOURCE-A 5.5 6/15/2046 0.22
      MA DEV FIN AGY-A 5.375 7/1/2061 0.22
      PUB FIN AUTH-AMT 6.5 6/30/2060 0.22
      NEW YORK ST LIBERTY 2.8 9/15/2069 0.22
      MISSION ECON CORP-AMT FRN 8/1/2046 0.22
      CO SCH MINES BRD-A 5 12/1/2054 0.21
      WOLF CREEK INFRA DT#1 5.75 12/1/2044 0.21
      AL TOLL ROAD-A 6.0 01/01/2056 0.21
      NYC INDL DEV AGY-A 3 1/1/2046 0.21
      MAIN STREET NATURAL-A FRN 6/1/2055 0.21
      DALLAS & FORT WORTH-B 5 11/1/2047 0.21
      SEMINOLE CO-REV-REF 5 10/1/2052 0.21
      NY DORM AUTH-A-UNREFD 5.25 3/15/2052 0.21
      NYC INDL DEV AGY-A 3 1/1/2039 0.20
      TX WTR DEV BRD -REV 5 10/15/2057 0.20
      GRANT UHSD-CABS ELEC 0 2/1/2033 0.20
      BUILD NYC RESOURCE-A 6.5 12/15/2045 0.20
      WI CENTER DIST-A-CABS 0 12/15/2044 0.20
      LBJ INFRASTRUCTURE GROUP 3.797 12/31/2057 0.20
      MAIN STREET-B-1 5 9/1/2034 0.20
      ONEIDA CO NY LOCAL DE 4 12/1/2049 0.19
      HARRIS CNTY TX CULTUR 3 10/1/2051 0.19
      CALIFORNIA ST MUNI FI 5 5/15/2039 0.19
      FL LOCAL GOVT FIN-A 5.5 6/15/2040 0.19
      IL FIN AUTH-B-REF 5.25 4/1/2038 0.18
      ARLINGTON HGR EDU 4.5 8/15/2050 0.18
      FOREST LAKE MN CHARTE 5 7/1/2056 0.18
      PHILADELPHIA HSG-A 5.25 3/1/2038 0.18
      JEFFERSON PSH ECON-A 5.5 6/15/2038 0.18
      GREATER ORLANDO 5.5 11/1/2037 0.18
      PUB FIN AUTH-PIEDMONT 5 6/15/2049 0.18
      AZ INDL DEV EDU-B 5.75 7/1/2053 0.18
      HOUSTON-A-REF 5 3/1/2040 0.18
      CA PUB FIN AUTH -A 4 7/15/2051 0.18
      DT OF COLUMBIA-A-REV 5 7/1/2042 0.18
      NTHRN IN COMMUTER-REV 5.25 1/1/2049 0.18
      MATCHING FUND SPL-A 5 10/1/2030 0.18
      NYC TRANSITIONAL-A-1 5.25 5/1/2048 0.18
      TEMPLE ISD 5 2/1/2044 0.18
      MET SAINT LOUIS SWR 5.25 5/1/2052 0.18
      NYC TRANS FIN-SUB-I 5 11/1/2045 0.18
      CHICAGO O'HARE ARPT-A 5 1/1/2037 0.18
      FOWLER CO UNIF SD-B 5 8/1/2050 0.18
      OHIO-AMT-PORTSMOUTH 5 12/31/2035 0.17
      CA ST CMNTY DEV AUTH 5.25 12/1/2044 0.17
      IL FIN AUTH-A-REF 5 5/15/2037 0.17
      MS BUS FIN-G-CHEVRON FRN 11/1/2035 0.17
      NY ST TRANS DEV CORP 5 12/1/2042 0.17
      CA ST MUNI FIN-AMT 4 7/15/2029 0.17
      CA CMNTY HSG AGY-A 4 2/1/2056 0.17
      CALIFORNIA CMNTY CHOI FRN 2/1/2052 0.17
      FAYETTE CO DEV AUTH 5.25 10/1/2049 0.17
      SIERRA VISTA INDL DEV 5 6/15/2054 0.17
      DALLAS ISD-B-REF 4.5 2/15/2045 0.17
      FAYETTE CO DEV AUTH 5.25 10/1/2054 0.17
      AR DEV FIN AUTH-B-AMT FRN 9/1/2046 0.17
      UAB MEDICINE FIN-C 5 9/1/2041 0.17
      VA SMALL BUSINESS FIN 4 1/1/2048 0.17
      MET SAINT LOUIS SWR 5 5/1/2047 0.17
      HOUSTON-C-REV-REF 5.25 9/1/2051 0.17
      UAB MEDICINE FIN-C 5 9/1/2040 0.17
      NY ST TRANS DEV CORP 5 12/1/2038 0.17
      CO EDUCTNL & CULT FAC 5.8 4/1/2054 0.16
      GOLDEN ST TOBACCO -B 2.746 6/1/2034 0.16
      FL LOCAL GOVT FIN-A 6 6/15/2045 0.16
      CA CMNTY CLG AUTH 5.25 5/1/2048 0.16
      GEO L SMITH II GA CON 5 1/1/2054 0.16
      AR DEV FIN AUTH-AMT-A 7 7/1/2048 0.16
      ARIZONA IDA-B 4 7/1/2061 0.16
      SIERRA CLG #2-B-WESTE 0 8/1/2030 0.15
      CAPITAL PROJ FIN AUTH 5 7/1/2039 0.15
      MIDA MOUNTAIN VLG-1 5.75 6/1/2060 0.15
      VA SMALL BUS FIN-A 4 1/1/2045 0.15
      CALIFORNIA ST MUNI FI 5 5/15/2037 0.15
      OHIO ST-B 5 11/15/2036 0.15
      CA CMNTY CHOICE FIN-H FRN 1/1/2056 0.15
      AZ IND DEV AUTH-A 5 11/1/2054 0.15
      N DAKOTA ST HSG FIN 4.5 7/1/2043 0.15
      NEW JERSEY ECON DEV 6.375 1/1/2035 0.15
      ILLINOIS ST 5.5 5/1/2030 0.15
      SOUTHERN CA PUB PWR-A 5 11/1/2033 0.15
      CA ST MUNI FIN AUTH 5 6/1/2050 0.15
      MA PORT AUTH-SER B 5.25 7/1/2043 0.15
      ILLINOIS ST 5.5 5/1/2039 0.15
      CMFA FIN AGY-A-2 4 8/1/2047 0.15
      NY TRANSPRTN DEV CORP 6 6/30/2055 0.15
      PEFA INC-A-REF-REV 5 4/1/2035 0.15
      JPM-DRIVERS-XL0356 FRN 2/1/2042 0.15
      CAPITAL TRUST AUTH-A 5 6/1/2054 0.15
      CENTENNIAL WTR & SANT 5 12/1/2053 0.15
      MIAMI-DADE CO EDU FAC 5 4/1/2044 0.15
      PUB FIN AUTH-A 5 5/1/2060 0.15
      BUILD NYC RESOURCE 5.5 7/1/2055 0.15
      ILLINOIS ST-B 5.25 5/1/2048 0.15
      ARKANSAS DEV FIN AUTH 5.45 9/1/2052 0.15
      ILLINOIS ST -A 5 5/1/2042 0.15
      NATIONAL FIN AUTH-REF 6.125 12/15/2035 0.15
      VA SMALL BUS FIN-A 4 1/1/2036 0.14
      CALIFORNIA SCH FIN- A 5 8/1/2048 0.14
      NATIONAL FIN AUTH-A 5.25 7/1/2048 0.14
      ILLINOIS ST-A 5 3/1/2046 0.14
      LOS ANGELES DEPT-C 5 7/1/2054 0.14
      CHICAGO BOE-A 5.875 12/1/2047 0.14
      AZ IND DEV AUTH-A 5 11/1/2049 0.14
      CLEVELAND ETC PORT 5.25 12/1/2038 0.14
      AZ IDA SR LIVING-B 5.125 1/1/2059 0.14
      COLLIER CO HLTH FACS 5 5/1/2045 0.14
      CA EDUCTNL FACS-A 5 4/1/2047 0.14
      MAINE ST HSG AUTH MTG 4.7 11/15/2053 0.14
      VA SMALL BUS FIN-A 4 1/1/2051 0.13
      CALIFORNIA ST MUNI FI 5 5/15/2034 0.13
      MIDA CORMONT PUB-A-1 6.25 6/1/2055 0.13
      ALBANY CAP RESOURCE C 5 6/1/2064 0.13
      PUB FIN AUTH-A 5 2/1/2062 0.13
      PUB FIN AUTH-REF 5 9/1/2039 0.13
      PUB FIN AUTH-REF 5.25 11/15/2061 0.13
      FLORIDA ST HGR EDUCTN 4.125 12/1/2054 0.13
      JPM-DRIVERS-XL0357 FRN 5/15/2047 0.13
      RESORT CORE PUB DT#1 8.25 3/15/2057 0.13
      NEW YORK CITY INDL 3 3/1/2036 0.13
      CVI-SUBSER CW NT FRN 11/1/2043 0.13
      MATCHING FUND SPL-A 5 10/1/2032 0.13
      MIAMI-DADE CO-A-1-REV 4 10/1/2045 0.13
      INDIANA FIN AUTH 4 2/1/2044 0.12
      MI FIN AUTH-A-1-REF 5 11/15/2037 0.12
      DENVER URBAN RENWL-A 5.25 12/1/2039 0.05
      MARICOPA CNTY AZ INDL 3 1/1/2049 0.12
      SAN DIEGO CNTY CA-B 4 7/1/2051 0.12
      LOUISVILLE CO METRO-A 5 10/1/2038 0.12
      INDIANA FIN AUTH-A 5 6/1/2053 0.12
      LOMPOC UNIF SD-A 5.25 8/1/2054 0.12
      PA TPK COMM-A-REF 3 12/1/2051 0.12
      COLUMBIA-BRAZORIA ISD 5 2/1/2044 0.12
      ILLINOIS ST-B 5 5/1/2038 0.12
      NEW JERSEY ECON DEV 6.625 1/1/2045 0.12
      MONROE CO INDL DEV CO 5 7/1/2044 0.12
      UAB MEDICINE FIN-C 5 9/1/2039 0.12
      NJ TRANSPRTN TRUST-CC 5 6/15/2042 0.12
      SAN ANTONIO-AMT-REV 5.25 7/1/2045 0.12
      ILLINOIS ST-B 5.25 5/1/2045 0.12
      NY CITY TRANS FIN-F-1 5 2/1/2046 0.12
      IDAHO ST HLTH FACS AU 4 3/1/2051 0.12
      RESTRUCTURED-SER A-2 4.329 7/1/2040 0.12
      CHESAPEAKE-B-CONV CAB 4.875 7/15/2040 0.12
      MIAMI-DADE CO EDU FAC 5 4/1/2045 0.12
      OHIO-AMT-PORTSMOUTH 5 12/31/2039 0.12
      CA STATEWIDE CMNTY 5 5/15/2040 0.12
      ILLINOIS ST-B 5.25 5/1/2049 0.12
      MA BAY TRANS AUTH-A-2 5 7/1/2052 0.12
      MIAMI-DADE CNTY FL HL 5 8/1/2042 0.12
      CALIFORNIA ST MUNI FI 5 5/15/2043 0.11
      LANCASTER CO HOSP AUT 5 11/1/2046 0.11
      FAIRFAX CNTY SWR REV 5 7/15/2054 0.11
      RESORT CORE PUB DT#1 5.875 3/1/2057 0.11
      CA EDUCTNL FACS-A 5 4/1/2042 0.11
      CALIFORNIA CMNTY HSG 3 8/1/2056 0.11
      HOUSTON TX ARPT SYS R 4 7/15/2041 0.11
      WA ST HSG FIN COMM-2N 4.8 12/1/2043 0.11
      MA DEV FIN-K1 5 10/1/2036 0.11
      AZ INDL DEV EDU-B 5.625 7/1/2048 0.11
      HILLSBOROUGH CNTY FL 4 8/1/2045 0.11
      CAPITAL TRUST AUTH-A 5 6/1/2039 0.11
      GDB DEBT RECOVERY AUT 7.5 8/20/2040 0.11
      MI FIN AUTH -A -REF-C 4 6/1/2040 0.11
      CA STWD DEV AUTH-A 6.125 9/2/2048 0.11
      PR SALES TAX FING-A1 0 7/1/2046 0.11
      MTEMS 2023-08FN PT 4.8 7/1/2045 0.11
      VI PUB FIN AUTH-A 5 10/1/2029 0.11
      CO EDUCTNL & CULT FAC 5.75 4/1/2059 0.11
      MA DEV FIN AGY 5 10/1/2046 0.11
      MILITARY INSTALLATION 4 6/1/2041 0.10
      CA MUNI FIN AUTH-A 5 7/1/2052 0.10
      AZ INDL DEV AUTH -A 4 6/1/2044 0.10
      HOUSTON-B-AMT-REV 5.5 7/15/2039 0.10
      NEW YORK TRANSPRTN-A 4 12/1/2039 0.10
      PORT AUTH OF NEW YORK 5 10/15/2030 0.10
      CO BRD GOVS-C-PREREFD 5 3/1/2043 0.10
      MILITARY INSTALLATION 4 6/1/2052 0.09
      CLIFTON HGR EDU-A 5.25 2/15/2049 0.10
      HOUSTON-AMT-REV 5.5 7/15/2036 0.10
      LANCASTER CO HOSP AUT 5 11/1/2041 0.10
      CO SPRINGS SD#11-COPS 5.25 12/15/2048 0.10
      CA ST HLTH FACS AUTH 4.353 6/1/2041 0.10
      SAN DIEGO CNTY CA-B 4 7/1/2046 0.10
      SIERRA VISTA INDL DEV 5 6/15/2064 0.10
      PUB FIN AUTH-REF 5.25 11/15/2055 0.10
      DANBURY HGR EDU AUTH 5 8/15/2039 0.10
      ARLINGTON TX HGR EDU 5 8/15/2048 0.10
      MUNI ELEC AUTH OF GA 4 1/1/2049 0.10
      MIDA MOUNTAIN VLG-1 5.5 6/1/2050 0.10
      HALIFAX HOSP MED CTR 4.25 6/1/2054 0.10
      MET PIER & EXPOSITION 4 12/15/2047 0.10
      IDAHO ST HLTH FACS AU 4 3/1/2046 0.10
      BUILD NYC RESOURCE CO 5.25 7/1/2057 0.10
      CLIFTON HGR EDU-REF 4 8/15/2049 0.10
      DETROIT 5 4/1/2035 0.10
      BEXAR HLTH FACS-REF 5 7/15/2041 0.10
      MS DEV BANK-WTR/SWR 6.875 12/1/2040 0.10
      CA ST SCH FIN AUTH-A 4 8/1/2061 0.10
      AZ INDL DEV AUTH-A 4 11/1/2049 0.10
      NY LIBERTY DEV CORP-A 3 11/15/2051 0.10
      MONROE CO INDL DEV CO 5 7/1/2054 0.10
      KY ECON DEV-A-REF 5 12/1/2047 0.09
      AZ INDL DEV AUTH-A 5 11/1/2044 0.09
      CA MUNI FIN AUTH-A 5.5 9/1/2056 0.09
      FL DEV FIN CORP-A 5 6/15/2040 0.09
      PUB FIN AUTH-REF 5.25 6/15/2045 0.09
      AZ IDA SR LIVING-A2 5.125 1/1/2059 0.09
      TULSA MUNI ARPT TRUST 6.25 12/1/2040 0.09
      CLEVELAND ETC PORT 5.5 12/1/2043 0.09
      GUAM INTERNATIONAL AR 5.25 10/1/2031 0.09
      DANBURY HGR EDU AUTH 4 8/15/2049 0.09
      MISSION ECON CORP-REV FRN 12/1/2064 0.09
      PALM BEACH CO-REV-A 5.75 10/1/2055 0.09
      CALIFORNIA STWD CMNTY 5.25 12/1/2038 0.09
      NY ST TWY AUTH-P-REV 5.25 1/1/2054 0.09
      LEHIGH CO AUTH-REF 5.25 2/1/2054 0.09
      CHICAGO IL BRD OF EDU 6 4/1/2046 0.09
      MA DEV FIN AGY-REF 5 10/1/2057 0.09
      MIDA MOUNTAIN VLG-2 STEP-CPN 6/1/2043 0.09
      WEST VIRGINIA ST HOSP 5 9/1/2038 0.09
      OHIO ST-E-REV-REF 4 1/15/2038 0.09
      ATLANTA GA DEV AUTH 5.25 7/1/2044 0.09
      MA DEV FIN AGY-LINDEN 5.125 11/15/2046 0.09
      PR ELEC-REF-DDD 5 7/1/2022 0.09
      AR DEV FIN AUTH 5 2/1/2035 0.09
      INDIANA FIN AUTH-A 5.125 6/1/2058 0.09
      CA INFRASTRUCTURE-B 5 11/1/2049 0.09
      VI PUB FIN AUTH-A 5 10/1/2034 0.09
      CLEVELAND ETC PORT 5.5 12/1/2053 0.09
      WASHINGTON ST HLTH CA 5 9/1/2050 0.09
      MONTGOMERY CNTY PA HG 4 9/1/2044 0.09
      MI FIN AUTH -A -REF-C 4 6/1/2038 0.09
      COLORADO ST HLTH FACS 5.25 11/1/2052 0.08
      BUILD NYC RESOURCE CO 5.25 7/1/2052 0.08
      CALIFORNIA STWD CMNTY 5 4/1/2047 0.08
      MIDA MOUNTAIN VLG-1 5.5 6/1/2055 0.08
      WEST VIRGINIA ST HOSP 5 9/1/2039 0.08
      CA INFRASTRUCTURE-B 5 11/1/2054 0.08
      CA MUNI FIN AUTH-A 5 7/1/2040 0.08
      MIDA MOUNTAIN VLG PUB 4 8/1/2050 0.08
      ARIZONA ST IDA-A 5 7/15/2049 0.08
      NYC TRANSITIONAL-S-1A 3 7/15/2039 0.08
      OHIO ST-E-REV-REF 5 1/15/2036 0.08
      NYC INDL DEV AGY-A 3 1/1/2040 0.08
      CAPITAL TRUST AUTH-A 5 6/1/2044 0.08
      CA MUNI FIN AUTH-A 5 10/1/2057 0.08
      CLARKSVL B LDG ADJ-PO FRN 11/1/2035 0.08
      IL FIN AUTH 5.25 4/1/2043 0.08
      WI CENTER DIST-A-CABS 0 12/15/2046 0.08
      PR SALES TAX FING-A1 4.75 7/1/2053 0.08
      MA ST DEV FIN AGY-REF 5 4/15/2040 0.08
      GEISINGER PA AUTH HLT 4 4/1/2039 0.08
      LOWER CO RIVER AUTH 5 5/15/2042 0.08
      GUAM GOVT-A-REF 5 12/1/2046 0.08
      MONROE CO INDL DEV-A 4.72 1/1/2044 0.08
      CALIFORNIA STWD CMNTY 4 4/1/2042 0.08
      TEXAS ST PRIV ACTIVIT 4 6/30/2039 0.08
      ARIZONA IDA-B 4 7/1/2051 0.08
      CA MUNI FIN AUTH-A 5 10/1/2049 0.08
      FOOTHILL ESTRN TRANSP 2.962 1/15/2046 0.08
      SC PUB SVC-A-UNREFUND 5 12/1/2036 0.08
      MISSION ECON DEV CORP FRN 12/1/2064 0.08
      ARLINGTON HGR EDU FIN 5 12/1/2036 0.08
      LANCASTER CO HOSP AUT 5 11/1/2040 0.08
      SPARTANBURG REGL HLTH 4 4/15/2036 0.08
      MET ATLANTA-B-REV 5 7/1/2044 0.07
      MONTGOMERY CNTY OH 3 8/1/2040 0.07
      AQUARION WTR AUTH-D 5.25 8/1/2042 0.07
      MIDA MOUNTAIN VETERAN 5 6/1/2044 0.07
      GUAM INTERNATIONAL AR 5.375 10/1/2043 0.07
      CENTRL TX REGL MOBILI 5 1/1/2045 0.07
      CA CMNTY CLG AUTH 5.25 5/1/2043 0.07
      ARIZONA ST IDA-A 5 7/15/2039 0.07
      ATLANTA DEV AUTH-A-1 5 4/1/2034 0.07
      OROVILLE CA REVENUE 5.25 4/1/2039 0.07
      S JERSEY PORT-B-AMT 5 1/1/2042 0.07
      AZ INDL DEV EDU-B 5.5 7/1/2038 0.07
      DETROIT 5 4/1/2036 0.07
      ARIZONA INDL DEV AUTH 3 2/1/2045 0.07
      ONEIDA INDIAN NATION 6 9/1/2043 0.07
      CHICAGO 5 11/1/2038 0.07
      CHICAGO BOE-A-REF 5 12/1/2026 0.07
      PUB FIN AUTH-REF 5.5 6/15/2055 0.07
      SIERRA VISTA INDL DEV 5 6/15/2059 0.07
      DETROIT 5 4/1/2033 0.07
      CA MUNI FIN AUTH-A 5.25 11/1/2041 0.07
      CHICAGO-A 5.5 1/1/2049 0.07
      DIST OF COLUMBIA REV 4 7/1/2039 0.07
      CAPITAL TRUST AGY 5 12/15/2040 0.07
      NJ TRANSPR TRUST 5.5 6/15/2050 0.07
      PUBLIC FIN AUTH-A1 6.375 1/1/2048 0.07
      LANCASTER CO HOSP AUT 5 11/1/2039 0.06
      BUILD NYC RES CORP-A 5 12/1/2041 0.06
      FL ST DEV FIN CORP 5 6/1/2051 0.06
      CHICAGO-A-REV 5 11/1/2046 0.06
      DIST OF COLUMBIA REV 4 7/1/2049 0.06
      PR SALES TAX FING-A1 0 7/1/2051 0.06
      LANCASTER CO HOSP AUT 5 11/1/2038 0.06
      CHICAGO BRD OF EDU 5 4/1/2042 0.06
      AR DEV FIN AUTH 5 2/1/2033 0.06
      INDIANA FIN AUTH -A - 6.75 5/1/2039 0.06
      CA MUNI FIN-A 5 7/1/2038 0.06
      GUAM INTERNATIONAL AR 5.375 10/1/2033 0.06
      GUAM PWR AUTH-A-REF 5 10/1/2033 0.06
      IL FIN AUTH-B-REF 5.25 4/1/2039 0.06
      MIAMI-DADE EXPWY-A 5 7/1/2040 0.06
      BUILD NYC RESOURCE-A 5 6/15/2051 0.06
      CAPITAL TRUST AGY 5 12/15/2035 0.06
      DIST OF COLUMBIA REV 4 7/1/2044 0.06
      MORONGO BAND OF MISSN 5 10/1/2042 0.06
      MET ATLANTA-B-REV 5 7/1/2042 0.06
      IL FIN AUTH-A-REF 5.25 4/1/2042 0.06
      WA HSG FIN CO-REV-REF 6.125 7/1/2053 0.06
      ILLINOIS ST-B 5 5/1/2039 0.06
      ARLINGTON HGR EDU FIN 5 6/15/2064 0.06
      DETROIT 5 4/1/2029 0.06
      POINT 1 DT#1-A-1 5.875 3/1/2045 0.06
      DETROIT 5 4/1/2031 0.06
      NJ TRANSPRTN TRUST-CC 5 6/15/2043 0.06
      DETROIT 5 4/1/2034 0.06
      ILLINOIS ST-B 5.25 5/1/2044 0.06
      RI HLTH & EDU BLDG 5.25 8/15/2043 0.06
      TX PUB FIN AUTH-REV 5.25 5/1/2041 0.06
      CALIFORNIA STWD CMNTY 5 12/1/2033 0.06
      CA ST MUNI FIN AUTH-A 5 9/1/2049 0.06
      NEW YORK ST DORM AUTH 5.5 10/1/2054 0.06
      HOUSTON-C-REF-AMT 5 7/15/2027 0.06
      MIDA MOUNTAIN VLG-2 5.75 6/15/2044 0.06
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      LOWER CO RIVER AUTH 5 5/15/2044 0.06
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      VAIL HOME PARTNERS CO 5.875 10/1/2055 0.06
      IL FIN AUTH -REV 5 6/1/2047 0.06
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      MA DEV FIN AGY-REF 5 10/1/2037 0.06
      MET GOVT NASHVILLE -A 5.25 7/1/2053 0.06
      ORLANDO UTILITIES-B-2 FRN 10/1/2056 0.06
      JEFFERSON CO-REF 5.25 10/1/2049 0.06
      CA MUNI FIN AUTH-A 5 2/1/2042 0.06
      PALOMAR HLTH-REF 5 11/1/2039 0.06
      LOS ANGELES -C-REF 5 7/1/2052 0.06
      SIERRA VISTA INDL DEV 6.5 6/15/2060 0.06
      CALIFORNIA SCH FIN- A 5 8/1/2038 0.06
      REGL CO TRANS DT-A 4 7/15/2033 0.06
      DOWNTOWN DAYBREAK#1 5.625 3/1/2046 0.06
      LOS ANGELES -C-REF 5 7/1/2055 0.06
      FOWLER CO UNIF SD-B 3.375 8/1/2045 0.06
      MASSACHUSETTS ST DEV 5 1/1/2040 0.06
      MA DEV FIN AGY-REF 4 7/1/2045 0.06
      NTHRN CA TOBACCO-A 4 6/1/2039 0.06
      ARLINGTON TX HGR EDU 5 8/15/2038 0.06
      REGL CO TRANS DT-A 4 7/15/2035 0.06
      CA INFRASTRUCTURE-B 5 11/1/2059 0.06
      MILITARY INSTALLATION 4 6/1/2036 0.06
      SC JOBS ECON DEV AUTH 5.75 7/1/2046 0.06
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      CA SCH FIN-REV-REF 5 7/1/2049 0.05
      MA DEV FIN AGY-C 6.125 7/1/2066 0.05
      CA SCH FIN AUTH-A-REF 5 6/1/2064 0.05
      MIDA MOUNTAIN VLG-1 5.125 6/15/2054 0.05
      NEW YORK NY 3 3/1/2041 0.05
      IL FIN AUTH-A-REF 5.25 4/1/2043 0.05
      PENNSYLVANIA ST ECON 6.5 12/1/2038 0.05
      DETROIT 5 4/1/2028 0.05
      CHICAGO IL BRD OF EDU 5 12/1/2041 0.05
      RESTRUCTURED-SER A1 5.75 7/1/2031 0.05
      ARLINGTON HGR EDU FIN 4.875 6/15/2054 0.05
      AZ ST INDL DEV AUTH 5 7/1/2049 0.05
      GOLDEN ST TOBACCO-B-2 0 6/1/2066 0.05
      MIDA MOUNTAIN VLG PUB 4 8/1/2030 0.05
      TRANSBAY JT PWRS-A 5 10/1/2039 0.05
      PUB FIN AUTH-PIEDMONT 5 6/15/2053 0.05
      GUAM INTERNATIONAL AR 5 10/1/2028 0.05
      BUILD NYC RESOURCE-A 5 6/1/2047 0.05
      ALBANY CAP RESOURCE C 4.75 6/1/2054 0.05
      DETROIT 5 4/1/2032 0.05
      MIDA MOUNTAIN VLG-1 5.25 6/1/2045 0.05
      PUB FIN AUTH-B 9 5/1/2071 0.05
      TOBACCO SETTLEMENT-A2 4 6/1/2040 0.05
      REGL CO TRANS DT-A 3 7/15/2037 0.05
      GA MUNI ELEC AUTH-A 4 1/1/2051 0.05
      ARLINGTON HGR EDU FIN 4.875 6/15/2059 0.05
      ARIZONA IDA-A 4 7/1/2041 0.05
      MA DEV FIN AGY-N-REF 5 10/1/2043 0.05
      WASHINGTON HLTH CARE 4 12/1/2048 0.05
      OR COAST COMNTY-CONV 5 6/15/2045 0.05
      TOLEDO-LUCAS CO PORT 4 1/1/2051 0.05
      CA SCH FIN AUTH-A 5 7/1/2047 0.05
      WASHINGTON ST HLTH CA 4 9/1/2050 0.05
      INDIANA FIN AUTH-A 5 6/1/2043 0.05
      CA SCH FIN AUTH-PRERE 5 6/1/2047 0.05
      ARLINGTON TX HGR EDU 5 8/15/2053 0.05
      ARLINGTON HGR EDU FIN 4.75 6/15/2049 0.05
      NTHRN CA TOBACCO-A 4 6/1/2038 0.05
      IL FIN AUTH-A-REF 5.25 4/1/2044 0.04
      NEW MEMPHIS ARENA PUB 4 4/1/2031 0.04
      RESTRUCTURED-SER A-2 4.784 7/1/2058 0.04
      RESTRUCTURED-SER A1 4 7/1/2046 0.04
      RESTRUCTURED-SER A1 4 7/1/2041 0.04
      INDIANA FIN AUTH-A 5 6/1/2038 0.04
      RESTRUCTURED-CABS-SER 0 7/1/2033 0.04
      CHICAGO BRD OF EDU-A 4 12/1/2027 0.04
      LOS ANGELES -C-REF 5 7/1/2049 0.04
      MARLAND ECON DEV CORP 5 6/1/2049 0.04
      ARLINGTON HGR EDU FIN 4.5 6/15/2044 0.04
      FOOTHILL ESTRN TRANSP 3.062 1/15/2043 0.04
      WARM SPRINGS-B-REF 5 11/1/2036 0.04
      DETROIT 5 4/1/2030 0.04
      WARM SPRINGS-B-REF 5 11/1/2039 0.04
      GUAM INTERNATIONAL AR 5.25 10/1/2036 0.04
      NEW YORK TRANSPRTN-A 5 12/1/2037 0.04
      LOWELL COLLEGIATE 5 6/15/2049 0.04
      RESTRUCTURED-SER A1 4 7/1/2035 0.04
      LOWELL COLLEGIATE 5 6/15/2054 0.04
      MET TRANS-C2-UNREFUND 5.175 11/15/2049 0.04
      TAMPA -A -REV -CABS 0 9/1/2045 0.04
      LOUISIANA ST PUB FACS 3 6/1/2050 0.04
      ARLINGTON HGR EDU FIN 4 8/15/2046 0.04
      BUILD NYC RESOURCE-A 5 6/1/2037 0.04
      HIDALGO CO-A 4 12/1/2041 0.04
      CA SCH FIN AUTH-UNREF 5 6/1/2047 0.04
      OREGON ST-A-REF 5 5/1/2040 0.04
      CMFA SPL FIN AGY CA E 3 12/1/2056 0.04
      UT ST CHRT SCH FIN-A 5 4/15/2044 0.04
      ARIZONA ST INDL DEV A 5 12/15/2049 0.04
      LANCASTER CO HOSP AUT 5 11/1/2037 0.04
      NEW MEMPHIS ARENA PUB 0 4/1/2032 0.04
      ARIZONA IDA-B 4 7/1/2041 0.04
      CA ST MUNI FIN AUTH 5 6/1/2035 0.03
      CHICAGO BRD OF EDU-B 5 12/1/2033 0.03
      CA SCH FIN AUTH-A 5 7/1/2037 0.03
      RESTRUCTURED-SER A1 4 7/1/2037 0.03
      CA ST SCH FIN AUTH-A 4 8/1/2051 0.03
      US 10YR ULTRA FUT DEC26 0.03
      GUAM INTERNATIONAL AR 5.375 10/1/2040 0.03
      OREGON ST-A-REF 5.25 5/1/2042 0.03
      TX PUB FIN AUTH-REV 5.25 5/1/2040 0.03
      US ULTRA BOND CBT DEC26 0.03
      LATROBE INDL DEV AUTH 4 3/1/2046 0.03
      BUILD NYC RES CORP -A 4 6/15/2051 0.03
      IL FIN AUTH-A-REF 5.25 4/1/2041 0.03
      A.B WON PAT AUTH-A 5 10/1/2032 0.03
      LATROBE INDL DEV AUTH 4 3/1/2051 0.03
      TAMPA -A -REV -CABS 0 9/1/2049 0.03
      FL DEV FIN IMAGINE 5 12/15/2034 0.03
      ARLINGTON HGR EDU FIN 4 8/15/2041 0.03
      BUILD NYC RESOURCE-A 5 6/1/2032 0.03
      NTHRN CA TOBACCO-A 4 6/1/2037 0.03
      FL DEV FIN IMAGINE 5 12/15/2039 0.03
      CA MUNI FIN AUTH-A 5.25 9/1/2055 0.03
      DAYTON-MONTGOMERY-REV 5 12/1/2044 0.03
      MI TOB SETTLMT-CABS-C 0 6/1/2058 0.03
      TAMPA -A -REV -CABS 0 9/1/2041 0.03
      RESTRUCTURED-SER A1 5.625 7/1/2027 0.03
      BUILD NYC RES CORP -A 4 6/15/2041 0.03
      TAMPA -A -REV -CABS 0 9/1/2042 0.03
      VERNON-A-REF -REV 5 8/1/2039 0.03
      PR SALES TAX FING-A1 0 7/1/2033 0.03
      MASSACHUSETTS ST DEV 4 10/1/2045 0.02
      VERNON-A-REF -REV 5 8/1/2041 0.02
      CA ST SCH FIN AUTH-A 4 8/1/2041 0.02
      FL DEV FIN IMAGINE 4 12/15/2029 0.02
      INDIANA FIN AUTH-A 5 6/1/2033 0.02
      PR SALES TAX FING-A1 0 7/1/2031 0.02
      ARIZONA INDL DEV AUTH 4 12/15/2041 0.02
      NEW YORK TRANSPRTN-A 5 12/1/2035 0.02
      ARIZONA ST INDL DEV A 5 12/15/2039 0.02
      VERNON-A-REF -REV 5 8/1/2040 0.02
      ALBANY CAP RESOURCE C 4.5 6/1/2044 0.02
      DEKALB CO DEV AUTH -A 5 6/1/2055 0.02
      PR SALES TAX FING-A1 0 7/1/2029 0.02
      INDIANA FIN AUTH-A 5 6/1/2032 0.02
      BUILD NYC RES CORP -A 4 6/15/2056 0.02
      TX PUB FIN AUTH-REV 5.25 5/1/2039 0.02
      ARLINGTON HGR EDU FIN 4 8/15/2036 0.02
      OR COAST COMNTY-CONV 5 6/15/2043 0.02
      CA ST SCH FIN AUTH-A 4 8/1/2036 0.02
      GUAM INTERNATIONAL AR 5.25 10/1/2035 0.02
      DEKALB CO DEV AUTH -A 5 6/1/2050 0.02
      CA SCH FIN-REV-REF 5 7/1/2039 0.01
      LA PUB FAC-A-PREREFD 4 4/1/2050 0.01
      DEKALB CO DEV AUTH -A 5 6/1/2040 0.01
      BUILD NYC RESOURCE-A 2.5 6/15/2031 0.01
      CALIFORNIA PUBLIC FIN 5 11/15/2051 0.01
      OR COAST COMNTY-CONV 5 6/15/2042 0.01
      CVI-HTA 98 SR CLAIM FRN 11/1/2051 0.01
      MARLAND ECON DEV CORP 5 6/1/2044 0.01
      PR SALES TAX FING-A1 4.55 7/1/2040 0.01
      A.B WON PAT AUTH-A 5.25 10/1/2037 0.01
      CAPITAL TRUST AGY-A1 5 7/1/2048 0.01
      NTHRN CA TOBACCO-A 4 6/1/2040 0.01
      A.B WON PAT AUTH-B 5 10/1/2041 0.01
      OHIO ST-E-REV-REF 4 1/15/2040 0.01
      PR SALES TAX FING-A1 0 7/1/2027 0.01
      N CALIF GAS-LIBOR FRN 7/1/2027 0.01
      A.B WON PAT AUTH-A 5.25 10/1/2035 0.01
      A.B WON PAT AUTH-A 5 10/1/2034 0.01
      A.B WON PAT AUTH-A 5.25 10/1/2038 0.01
      A.B WON PAT AUTH-A 5.25 10/1/2039 0.01
      A.B WON PAT AUTH-A 5.25 10/1/2040 0.01
      A.B WON PAT AUTH-A 5.25 10/1/2041 0.01
      A.B WON PAT AUTH-B 5 10/1/2040 0.01
      A.B WON PAT AUTH-B 5 10/1/2042 0.01
      A.B WON PAT AUTH-B 5 10/1/2043 0.01
      MA CMWLTH -E-TXBL-REF 1.77 11/1/2032 0.00
      RESTRUCTURED-SER A-2 4.536 7/1/2053 0.00
      CA CMNTY HSG AGY-A 5 2/1/2050 0.00
      CAPITAL TRUST AGY-B 5 7/1/2053 0.00
      Net Current Assets -0.22

      % Portfolio Weight is calculated using the closing market price of each security from the prior business day.

      Holdings are subject to change. The holdings listed should not be considered recommendations to buy or sell a security.

      Asset Allocation

          Stats & Risks

          Performance Metrics

          Overall Morningstar Rating

          MORNINGSTAR CATEGORY Municipal National Intermediate

          Morningstar Rating™ as of 08/31/26. Overall rating for the Municipal National Intermediate. Fund ratings are out of 5 Stars: Overall 4 Stars (253 funds rated); 3 Yrs. 4 Stars (253 funds rated); 5 Yrs. 3 Stars (237 funds rated); 10 Yrs. 5 Stars (178 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, 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.

          Lipper Rankings

          • 1 Year
            90 out of 261
          • 3 Year
            40 out of 247
          • 5 Year
            33 out of 240
          • 10 Year
            15 out of 182

          LIPPER CLASSIFICATION General & Insured Municipal Debt Funds

          Lipper Category returns and rankings as of 08/31/26, 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

          ETFs trade like stocks, are subject to investment risk, including possible loss of principal.

          Bonds are subject to interest rate, credit, liquidity, call and market risks, to varying degrees. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price decline.

          High yield bonds involve increased credit and liquidity risk than higher rated bonds and are considered speculative in terms of the issuer's ability to pay interest and repay principal on a timely basis.

          Municipal income may be subject to state and local taxes. Some income may be subject to the federal alternative minimum tax for certain investors. Capital gains, if any, are taxable.

          Risk Metrics

          As of  08/31/26  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          BMOP
          		5.91 0.74 1.03 96.57 -0.06

          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.


          Standard Deviation - Standard deviation is a statistical measure of the degree to which an individual portfolio return tends to vary from the mean, based on the entire population. The greater the degree of dispersion, the greater the degree of risk. In mutual funds, the standard deviation tells us how much the return on the fund is deviating from the expected normal returns.

          Alpha - Alpha is a measure of a security's or portfolio's excess return.

          Beta - Beta is a measure of a security’s or portfolio’s volatility, or systematic risk.

          R-Squared - R-squared is a statistical measure that represents the percentage of a fund’s or security’s movements that are explained by movements in a benchmark index.

          Sharpe Ratio - Sharpe ratio is a risk-adjusted measure that measures reward per unit of risk. The higher the Sharpe ratio, the better.

          Distributions

          Dividend Schedule

          Declared
          Monthly
          Distributed
          Monthly
          Paid
          Monthly
          Fiscal Year End
          Aug 31

          Distributions History

          (Values Listed In $)EX DATE RECORD DATE PAYABLE DATE DIVIDEND INCOME SHORT-TERM 
          CAPITAL GAIN          		 LONG-TERM 
          CAPITAL GAIN          		 RETURN OF CAPITAL TOTAL DISTRIBUTION
          09/01/26 09/01/26 09/04/26 0.0794 0.0000 0.0000 0.0000 0.0794
          (Values Listed In $)EX DATE RECORD DATE PAYABLE DATE DIVIDEND INCOME SHORT-TERM 
          CAPITAL GAIN          		 LONG-TERM 
          CAPITAL GAIN          		 RETURN OF CAPITAL TOTAL DISTRIBUTION
          08/03/26 08/03/26 08/06/26 0.0840 0.0000 0.0000 0.0000 0.0840
          07/01/26 07/01/26 07/07/26 0.0795 0.0000 0.0000 0.0000 0.0795
          06/01/26 06/01/26 06/04/26 0.0618 0.0000 0.0000 0.0000 0.0618
          05/01/26 05/01/26 05/06/26 0.0582 0.0000 0.0000 0.0000 0.0582
          04/01/26 04/01/26 04/07/26 0.0529 0.0000 0.0000 0.0000 0.0529
          03/02/26 03/02/26 03/05/26 0.0755 0.0000 0.0000 0.0000 0.0755
          02/02/26 02/02/26 02/05/26 0.0504 0.0000 0.0000 0.0000 0.0504
          Literature

          Literature

          PRODUCT INFORMATION

          • Download
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          THE BREADTH OF BONDS - MUNICIPAL OPPORTUNITIES BROCHURE Download
          ETF Profile Sheet Download

          BNY Mellon Municipal Opportunities Fund Materials

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          Annual Report - Class M Download
          Semi Annual Report - Class M Download
          Annual Financials and Other Information Download

          Prospectus and Reports

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          Factsheet Download
          Prospectus Download
          Summary Prospectus Download
          SAI Download
          Semi Annual Report Download
          Semi Annual Financials and Other Information Download
          1Q Fiscal Holdings Download

          Investors should consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. Download a prospectus, or summary prospectus, if available, that contains that and other information about the fund, and read it carefully before investing.

          ETF shares are listed on an exchange, and shares are generally purchased and sold in the secondary market at market price. At times, the market price may be a premium or discount to the ETF's per share NAV. In addition, ETFs are subject to the risk that an active trading market for an ETF's shares may not develop or be maintained. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions. Any applicable brokerage commissions will reduce returns.

          ETFs trade like stocks, are subject to investment risk, including possible loss of principal. The risks of investing in this ETF typically reflect the risks associated with the types of instruments in which the ETF invests. Diversification cannot assure a profit or protect against loss.

          The fund will issue (or redeem) fund shares to certain institutional investors known as “Authorized Participants” (typically market makers or other broker-dealers) only in large blocks of fund shares known as “Creation Units.” BNY Mellon Securities Corporation (“BNYSC”), a subsidiary of BNY, serves as distributor of the fund. BNYSC does not distribute fund shares in less than Creation Units, nor does it maintain a secondary market in fund shares. BNYSC may enter into selected agreements with Authorized Participants for the sale of Creation Units of Creation Units of fund shares.

          Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

          This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular investment, strategy, investment manager or account arrangement and should not serve as a primary basis for investment decisions.

          Please consult a legal, tax or investment professional in order to determine whether an investment product or service is appropriate for a particular situation.

           

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