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    BNY Mellon Municipal Opportunities ETF (BMOP)

    • CUSIP 05613H803
    • NAV  $ 24.95 As of  01/16/26
    • CHG  $ 0.00 (0.00 %)
    • MKT PRICE  $24.97 As of  01/16/26
    • CHG  $0.04 (0.16 %)
    • TOTAL EXPENSE RATIO 
      0.54% 
      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
    $1,856,128,814  As of  01/16/26
    NUMBER OF SHARES OUTSTANDING
    74,380,124  As of  01/16/26
    MARKET PRICE 52-WEEK HIGH
    $24.97  As of  01/16/26
    MARKET PRICE 52-WEEK LOW
    $24.88  As of  01/13/26
    AVG EFFECTIVE DURATION
    6.80 yr(s). As of  12/31/25
    WEIGHTED AVG YIELD TO MATURITY
    % As of 
    WEIGHTED AVG MATURITY
     yr(s). As of 
    DISTRIBUTION FREQUENCY
    Monthly
    Number of Holdings
    692 As of  12/31/25
    SUB-ASSET CLASS
    Tax-Exempt
    EXCHANGE
    NASDAQ

    Yields and Expense Ratio

    30-DAY SEC YIELD
    as of 01/16/26      SUBSIDIZED     		UNSUBSIDIZED CURRENT YIELD
    as of  01/16/26     		CONTRACTUAL
    FEE WAIVER END DATE     		PROSPECTUS FEE TABLE EXPENSE RATIO (%)
    as of  12/31/25     NET     		GROSS
    - - 0.00 - 0.54 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.

    Portfolio Managers

    • John F. Flahive

      John F. Flahive, CFA

      Portfolio Manager, Insight North America, LLC

      Managing Fund Since January 2026

      Joined Firm in 1995

      Joined Industry in 1985
    • 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  01/16/26 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
    		0.24% 210,679 142,933 0.06% 0.61%

    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 12/31/25
    Name 3 MO
    12/31/25     		YTD
    12/31/25     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Municipal Opportunities ETF
    BMOP
    		1.48 3.08 3.08 4.71 1.28 2.75 5.38
    Bloomberg U.S. Municipal Bond Index
    		1.56 4.25 4.25 3.88 0.80 2.34 -
    S&P Municipal Bond Index
    		1.55 4.26 4.26 4.05 1.06 2.44 -

    Quarter End

    MARKET PRICE
    Average Annual
    As of 12/31/25
    Name 3 MO
    12/31/25     		YTD
    12/31/25     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Municipal Opportunities ETF
    BMOP
    		1.48 3.08 3.08 4.71 1.28 2.75 5.38
    Bloomberg U.S. Municipal Bond Index
    		1.56 4.25 4.25 3.88 0.80 2.34 -
    S&P Municipal Bond Index
    		1.55 4.26 4.26 4.05 1.06 2.44 -

    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 broad, market value-weighted index that seeks to measure the performance of the U.S. municipal bond market.

    The Bloomberg U.S. Municipal Bond Index covers the U.S. dollar-denominated long-term tax-exempt bond market. 

    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  01/16/26
      Days Traded at Premium
      Days Traded at Discount

      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.

      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%
      Net Expenses 0.54%

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

      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.

      John F. Flahive, Gregory J. Conant and Jeffrey Burger serve as primary portfolio managers of the fund. Mr. Flahive is currently the Co-Head of Municipal Bonds at INA. Mr. Conant and Mr. Burger are currently 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 01/16/26
      Holdings % Portfolio Weight
      TREASURY BILL 0 2/12/2026 1.33
      INTERMOUNTAIN PWR AGY 5 7/1/2042 0.87
      PUERTO RICO CMWLTH AQ 5 7/1/2030 0.85
      CAL INFRA & ECO DEV-B FRN 1/1/2065 0.81
      CA CMNTY CHOICE FIN-F 5 11/1/2033 0.77
      AUSTIN TX ARPT SYS RE 5 11/15/2046 0.71
      MA BAY TRANS AUTH-A 5 7/1/2038 0.66
      Net Current Assets 0.65
      UNIV OF TEXAS SYS BRD 5 7/1/2041 0.61
      LA DEPT OF WTR-B-REF 5 7/1/2037 0.61
      WASHINGTON ST-A 5 8/1/2040 0.60
      MAIN STREET NATURAL-C FRN 12/1/2054 0.58
      BLACK BELT-SER-C FRN 5/1/2055 0.58
      CA CMNTY CHOICE FIN-C FRN 8/1/2055 0.57
      TENNERGY CORP -A FRN 10/1/2054 0.57
      IDAHO ST HSG & FIN AS 5 8/15/2043 0.57
      TRIBOROUGH BRIDGE-A-3 5.25 5/15/2064 0.56
      MA SCH BLDG-B-SUB 5.25 2/15/2048 0.55
      BLACK BELT ENERGY GAS FRN 10/1/2052 0.54
      MA SCH BLDG-SUB-A 5.25 2/15/2048 0.52
      LA PUB FACS AUTH-AMT 5.5 9/1/2054 0.48
      PR SALES TAX FING-A1 5 7/1/2058 0.46
      WA MET AREA TRANSIT-A 3 7/15/2040 0.46
      MATCHING FUND SPL-A 5 10/1/2039 0.45
      NY LIBERTY DEV CORP-1 5 11/15/2044 0.43
      TOBACCO SETTLEMENT-A 5 6/1/2046 0.43
      CHICAGO BOE-B-REF 6.75 12/1/2030 0.42
      CHICAGO-A-REV 5.25 1/1/2041 0.42
      TX PRIVATE ACTIVITY 5.5 12/31/2058 0.42
      GOLDEN ST TOBACCO-A1 4.214 6/1/2050 0.42
      NY TRNSPRTN DEV CRP-A 5.25 12/31/2054 0.41
      CHICAGO BRD ED-C-REF 5.5 12/1/2045 0.41
      MASSACHUSETTS ST 5 11/1/2045 0.40
      CALIFORNIA ST MUNI FI 5 5/15/2052 0.40
      OK CTY WTR UTIL TRUST 5 7/1/2054 0.40
      ARKANSAS DEV FIN AUTH 5.7 5/1/2053 0.38
      VA PORT AUTH 5 7/1/2043 0.38
      RI HLTH-PROVIDENCE 5 11/1/2045 0.38
      CHICAGO BRD ED-B-REF 6 12/1/2043 0.37
      OK CTY WTR UTIL TRUST 5 7/1/2049 0.37
      CHICAGO ARPT-B-REF 5 1/1/2041 0.37
      MET TRANSPRTN AUTH-A 5 11/15/2037 0.37
      VIRGINIA ST CLG BLDG 5.25 2/1/2042 0.36
      PR ELEC PWR AUTH-A 6.75 7/1/2036 0.36
      SAN FRANCISCO APRT-A 5 5/1/2044 0.36
      CHICAGO 5 11/1/2039 0.35
      DT OF COLUMBIA-A-REV 5 7/1/2042 0.35
      CA CMNTY CHOICE FING FRN 1/1/2054 0.34
      TRIBOROUGH BRIDGE-A-2 5.25 5/15/2059 0.34
      FL DEV FIN CORP-A 5 6/15/2050 0.34
      FOOTHILL ESTRN TRANSP 4.094 1/15/2049 0.33
      TNDR OPT RSDLS-XL0601 FRN 3/15/2049 0.33
      FULTON CNTY GA DEV AU 5 3/15/2044 0.33
      RI HLTH & EDUCTNL-C 5 5/15/2043 0.33
      MET TRANSPRTN-C-1 5 11/15/2050 0.33
      FORT BEND ISD-A-REF 4.25 8/15/2054 0.33
      PUBLIC FIN AUTH WI HO 4 6/1/2045 0.33
      CA MUNI FIN AUTH 5 5/15/2048 0.32
      TX WTR DEV BRD-REV 5 8/1/2044 0.32
      PUB FIN AUTH-AMT 5.75 6/30/2060 0.32
      SOUTHEAST ENERGY AUTH FRN 1/1/2054 0.32
      NJ EDUCTNL FACS-A FRN 7/1/2064 0.30
      JPM-DRIVERS-XL0619 FRN 5/15/2048 0.32
      TRIBOROUGH BRIDGE-A 5.25 12/1/2054 0.31
      DETROIT COPS-TAXABLE 4.613 6/15/2015 0.31
      DT OF COLUMBIA 5.25 1/1/2048 0.31
      NY ST TRANS DEV CORP 5 12/1/2041 0.30
      PHILADELPHIA HSG-A 5.25 3/1/2040 0.30
      IN FIN AUTH-D-2-REF FRN 10/1/2063 0.30
      MET PIER CAB-A-AG 0 12/15/2040 0.30
      MA DEV FIN AGY 5 7/1/2040 0.30
      MA DEV FIN AGY-A 5.25 1/1/2042 0.30
      COLLIN CNTY 5 2/15/2040 0.30
      HIGHER EDUCTNL FACS-A 3 12/1/2048 0.30
      NJ ECON DEV AUTH-AMT 5.375 1/1/2043 0.30
      ARLINGTON HGR EDU FIN 4 2/15/2049 0.30
      PUB FIN AUTH-AMT 6.5 12/31/2065 0.30
      DASNY 5 10/1/2038 0.30
      ILLINOIS ST-B 5 6/15/2039 0.30
      CONNECTICUT ST-B 3 6/1/2038 0.29
      OK TPK AUTH-A 5.5 1/1/2054 0.29
      IN FIN AUTH-D-1-REF FRN 10/1/2064 0.29
      UNIV OF TEXAS SYS BRD 5 8/15/2043 0.29
      ILLINOIS ST-D 5 11/1/2028 0.29
      S E ENERGY AUTH-A-1 FRN 1/1/2053 0.29
      OK TPK AUTH-A 5.25 1/1/2050 0.29
      HOUSTON-A-REF 5.25 3/1/2049 0.29
      NJ ECON DEV AUTH-AMT 5.125 1/1/2034 0.29
      CA CMNTY CHOICE FIN-C FRN 12/1/2055 0.29
      NEW YORK-D 5.25 4/1/2047 0.29
      KY PUB ENERGY AUTH-A FRN 6/1/2055 0.29
      MAIN ST NAT GAS INC-D FRN 5/1/2054 0.29
      MASSACHUSETTS ST-A 5 1/1/2041 0.29
      SC JOBS-ECO AUTH-REF 5.25 11/1/2054 0.29
      KY PUB ENERGY-A FRN 5/1/2055 0.29
      COOK CO-A-REF 5.25 11/15/2045 0.28
      MIAMI-DADE CNTY WTR-A 5.25 10/1/2054 0.28
      OK WTR RESOURCES BRD 4.25 10/1/2050 0.28
      MAIN STREET NATURAL-B FRN 12/1/2052 0.28
      TRIBOROUGH BRIDGE-A-1 5.25 5/15/2064 0.28
      MASSACHUSETTS ST 5 7/1/2045 0.28
      POINT 1 DT#1-A-1 6.125 3/1/2055 0.28
      PUERTO RICO CMWLTH AQ 5 7/1/2035 0.28
      TN ENERGY ACQ CORP-A- FRN 5/1/2053 0.28
      UNIV OF CALIFORNIA-AZ 5 5/15/2043 0.28
      PUB FIN AUTH-AMT 5.75 12/31/2065 0.28
      PROJECTNEW YORK TRANS 5 10/1/2040 0.28
      GRAND PKWY TRANSPRTN 5 10/1/2043 0.28
      CA MUNI FIN AUTH 5 5/15/2040 0.28
      TRIBOROUGH BRIDGE 5 11/15/2049 0.27
      AUBURN UNIV GEN FEE 5 6/1/2048 0.27
      CA MUNI FIN AUTH 5 5/15/2043 0.27
      NEW YORK ST TRANSPRTN 5.5 6/30/2054 0.27
      NEW YORK ST TRANSPRTN 5.25 6/30/2049 0.27
      MINNEAPOLIS -REV 4 11/15/2038 0.27
      BEAUMONT PORT NAV-B 10 7/1/2026 0.27
      MTA HUDSON RAIL YRD-A 5 11/15/2056 0.27
      DC-KIPP-SER A-REF 5 7/1/2048 0.27
      NEW HOPE EDU FACS-A-1 5.25 1/1/2042 0.27
      MASSACHUSETTS DEV-REF 5.25 7/1/2055 0.27
      CENTRL PUGET-S-1-REF 3 11/1/2036 0.26
      NYC TRANSITIONAL-A-1 5.5 5/1/2050 0.26
      CLIFTON HGR EDU-REF 4 8/15/2044 0.26
      CO BRIDGE & TUNNEL-A 5.5 12/1/2054 0.26
      CALIFORNIA ST HLTH FA 4 5/15/2046 0.26
      ARLINGTON CNTY VA IND 4 7/1/2045 0.26
      PROJECTNEW YORK TRANS 4.375 10/1/2045 0.25
      GOLDEN ST TOBACCO -B 3.293 6/1/2042 0.25
      MO HLTH & EDUCTNL-A 4.25 4/1/2055 0.25
      OHIO ST 3 5/1/2039 0.25
      GRAND PKWY TRANSPRTN 4 10/1/2049 0.25
      CALIFORNIA CMNTY HSG 5 8/1/2049 0.25
      SIERRA CLG #2-B-WESTE 0 8/1/2031 0.25
      WI HLTH & EDL FACS-C 5 2/15/2047 0.24
      ST JAMES PSH-REV-REMK 6.35 7/1/2040 0.24
      FOOTHILL E TRANSP-B1 3.95 1/15/2053 0.24
      CLIFTON HGR EDU 5 8/15/2047 0.24
      MIDA MOUNTAIN VLG-2 6 6/15/2054 0.24
      OHIO ST-REV-REF 4 10/1/2042 0.24
      IA ST FIN AUTH 5 8/1/2042 0.24
      MET WASHINGTON DC-B 4 10/1/2053 0.24
      HOUSTON-A-REF 5 3/1/2042 0.24
      CALIFORNIA ST 5.25 10/1/2045 0.24
      ARKANSAS UNIV BRD-A 5 11/1/2054 0.24
      MARICOPA CNTY AZ PO 2.4 6/1/2035 0.23
      TRIBOROUGH BRID-C-1A 5 5/15/2040 0.23
      PR SALES TAX FING-A1 4.5 7/1/2034 0.23
      MET WA DC ARPTS-CABS 0 10/1/2036 0.23
      MIDA CORMONT PUB-A-2 STEP-CPN 6/1/2055 0.23
      NY ST TRANS DEV CORP 5 12/1/2039 0.23
      DIST OF COLUMBIA- REV 5 7/1/2049 0.23
      NY TRANSPRTN DEV CORP 6 6/30/2059 0.23
      JEFFERSON PSH ECON-A 5.625 6/15/2048 0.23
      MIDA MOUNTAIN VETERAN 5.2 6/1/2054 0.23
      PUBLIC FIN AUTH-A 5.5 7/1/2044 0.22
      NTHRN IN COMMUTER-REV 5 1/1/2054 0.22
      OHIO ST-REV-REF 4 10/1/2047 0.22
      MA ST DEV FIN AGY-N 5 12/1/2041 0.22
      SIERRA VISTA INDL DEV 6.5 6/15/2055 0.22
      NY TOBACCO-A-2B-REF 5 6/1/2045 0.21
      NYC INDL DEV AGY-A 3 1/1/2039 0.21
      CO SCH MINES BRD-A 5 12/1/2054 0.21
      PUB FIN AUTH-AMT 6.5 6/30/2060 0.21
      VA SMALL BUSINESS FIN 5 12/31/2052 0.21
      NYC INDL DEV AGY-A 3 1/1/2046 0.21
      CA CMNTY HSG AGY-A 5 2/1/2050 0.21
      CVI-CW/PRIFA RUM FRN 11/1/2051 0.21
      VI HOTEL DEV FIN-A-1 6 12/1/2055 0.21
      DALLAS & FORT WORTH-B 5 11/1/2047 0.21
      MAIN STREET NATURAL-A FRN 6/1/2055 0.20
      WOLF CREEK INFRA DT#1 5.75 12/1/2044 0.20
      NEW YORK ST LIBERTY 2.8 9/15/2069 0.20
      WI CENTER DIST-A-CABS 0 12/15/2044 0.20
      SEMINOLE CO-REV-REF 5 10/1/2052 0.20
      NY DORM AUTH-A-UNREFD 5.25 3/15/2052 0.20
      TX WTR DEV BRD -REV 5 10/15/2057 0.20
      HARRIS CNTY TX CULTUR 3 10/1/2051 0.20
      ONEIDA CO NY LOCAL DE 4 12/1/2049 0.20
      ARLINGTON HGR EDU 4.5 8/15/2050 0.19
      GRANT UHSD-CABS ELEC 0 2/1/2033 0.19
      LBJ INFRASTRUCTURE GROUP 3.797 12/31/2057 0.19
      IL FIN AUTH-B-REF 5.25 4/1/2038 0.19
      FL LOCAL GOVT FIN-A 5.5 6/15/2040 0.18
      TREASURY BILL 0 2/10/2026 0.18
      PHILADELPHIA HSG-A 5.25 3/1/2038 0.18
      PUB FIN AUTH-PIEDMONT 5 6/15/2049 0.18
      CALIFORNIA ST MUNI FI 5 5/15/2039 0.18
      HOUSTON-A-REF 5 3/1/2040 0.18
      CA CMNTY HSG AGY-A 4 2/1/2056 0.18
      N DAKOTA ST HSG FIN 4.55 7/1/2048 0.18
      FOREST LAKE MN CHARTE 5 7/1/2056 0.18
      CA PUB FIN AUTH -A 4 7/15/2051 0.18
      CASH 0.18
      SIERRA VISTA INDL DEV 5 6/15/2054 0.18
      AZ INDL DEV EDU-B 5.75 7/1/2053 0.18
      JEFFERSON PSH ECON-A 5.5 6/15/2038 0.17
      TEMPLE ISD 5 2/1/2044 0.17
      NYC TRANSITIONAL-A-1 5.25 5/1/2048 0.17
      NTHRN IN COMMUTER-REV 5.25 1/1/2049 0.17
      MET SAINT LOUIS SWR 5.25 5/1/2052 0.17
      MATCHING FUND SPL-A 5 10/1/2030 0.17
      NY ST TRANS DEV CORP 5 12/1/2042 0.17
      CHICAGO O'HARE ARPT-A 5 1/1/2037 0.17
      FAYETTE CO DEV AUTH 5.25 10/1/2049 0.17
      FOWLER CO UNIF SD-B 5 8/1/2050 0.17
      FAYETTE CO DEV AUTH 5.25 10/1/2054 0.17
      VA SMALL BUSINESS FIN 4 1/1/2048 0.17
      DALLAS ISD-B-REF 4.5 2/15/2045 0.17
      MISSION ECON DEV-AMT 4.625 10/1/2031 0.16
      CALIFORNIA ST EDUCTNL 5 10/1/2048 0.16
      CALIFORNIA CMNTY CHOI FRN 2/1/2052 0.16
      IL FIN AUTH-A-REF 5 5/15/2037 0.16
      CA ST MUNI FIN-AMT 4 7/15/2029 0.16
      OHIO-AMT-PORTSMOUTH 5 12/31/2035 0.16
      CA ST CMNTY DEV AUTH 5.25 12/1/2044 0.16
      NY ST TRANS DEV CORP 5 12/1/2038 0.16
      MA DEV FIN AGY-REF 5 10/1/2047 0.16
      ARIZONA IDA-B 4 7/1/2061 0.16
      CO EDUCTNL & CULT FAC 5.8 4/1/2054 0.16
      VALPARAISO-REF-REV 5 1/1/2054 0.16
      MET SAINT LOUIS SWR 5 5/1/2047 0.16
      GOLDEN ST TOBACCO -B 2.746 6/1/2034 0.16
      ARKANSAS UNIV BRD-A 5 11/1/2049 0.15
      N DAKOTA ST HSG FIN 4.5 7/1/2043 0.15
      GEO L SMITH II GA CON 5 1/1/2054 0.15
      FL LOCAL GOVT FIN-A 6 6/15/2045 0.15
      VA SMALL BUS FIN-A 4 1/1/2045 0.15
      CA CMNTY CLG AUTH 5.25 5/1/2048 0.15
      AZ IND DEV AUTH-A 5 11/1/2054 0.15
      CO UNIV REGENTS-A 5 6/1/2050 0.15
      CA CMNTY CHOICE FIN-H FRN 1/1/2056 0.15
      CMFA FIN AGY-A-2 4 8/1/2047 0.15
      CA ST MUNI FIN AUTH 5 6/1/2050 0.15
      CALIFORNIA SCH FIN- A 5 8/1/2048 0.15
      JPM-DRIVERS-XL0356 FRN 2/1/2042 0.15
      AR DEV FIN AUTH-AMT-A 6.875 7/1/2048 0.15
      ILLINOIS ST 5.5 5/1/2039 0.15
      CALIFORNIA ST MUNI FI 5 5/15/2037 0.14
      ILLINOIS ST 5.5 5/1/2030 0.14
      SIERRA CLG #2-B-WESTE 0 8/1/2030 0.14
      MIDA MOUNTAIN VLG-1 5.75 6/1/2060 0.14
      CAPITAL TRUST AUTH-A 5 6/1/2054 0.14
      NY TRANSPRTN DEV CORP 6 6/30/2055 0.14
      CENTENNIAL WTR & SANT 5 12/1/2053 0.14
      NEW JERSEY ECON DEV 6.375 1/1/2035 0.14
      ILLINOIS ST-B 5.25 5/1/2048 0.14
      BUILD NYC RESOURCE 5.5 7/1/2055 0.14
      LOS ANGELES DEPT-C 5 7/1/2054 0.14
      GDB DEBT RECOVERY AUT 7.5 8/20/2040 0.14
      VA SMALL BUS FIN-A 4 1/1/2036 0.14
      ILLINOIS ST -A 5 5/1/2042 0.14
      ILLINOIS ST-A 5 3/1/2046 0.14
      AZ IND DEV AUTH-A 5 11/1/2049 0.14
      NATIONAL FIN AUTH-A 5.25 7/1/2048 0.14
      CHICAGO BOE-A 5.875 12/1/2047 0.14
      ARKANSAS DEV FIN AUTH 5.45 9/1/2052 0.14
      CA EDUCTNL FACS-A 5 4/1/2047 0.13
      COLLIER CO HLTH FACS 5 5/1/2045 0.13
      ALBANY CAP RESOURCE C 5 6/1/2064 0.13
      MAINE ST HSG AUTH MTG 4.7 11/15/2053 0.13
      PUB FIN AUTH-A 5 5/1/2060 0.13
      CLEVELAND ETC PORT 5.25 12/1/2038 0.13
      CALIFORNIA CMNTY HSG 4 2/1/2056 0.13
      JPM-DRIVERS-XL0357 FRN 5/15/2047 0.13
      MA DEV FIN AGY-REF 4 7/1/2045 0.13
      AZ IDA SR LIVING-B 5.125 1/1/2059 0.13
      NEW YORK CITY INDL 3 3/1/2036 0.13
      VA SMALL BUS FIN-A 4 1/1/2051 0.13
      PUB FIN AUTH-A 5 2/1/2062 0.13
      INDIANA FIN AUTH 4 2/1/2044 0.13
      CALIFORNIA ST MUNI FI 5 5/15/2034 0.13
      MIDA CORMONT PUB-A-1 6.25 6/1/2055 0.13
      FLORIDA ST HGR EDUCTN 4.125 12/1/2054 0.13
      PUB FIN AUTH-REF 5.25 11/15/2061 0.12
      MIAMI-DADE CO-A-1-REV 4 10/1/2045 0.12
      PUB FIN AUTH-REF 5 9/1/2039 0.12
      INDIANA FIN AUTH-A 5 6/1/2053 0.12
      MARICOPA CNTY AZ INDL 3 1/1/2049 0.12
      PA TPK COMM-A-REF 3 12/1/2051 0.12
      SAN DIEGO CNTY CA-B 4 7/1/2051 0.12
      MATCHING FUND SPL-A 5 10/1/2032 0.12
      IDAHO ST HLTH FACS AU 4 3/1/2051 0.12
      ILLINOIS ST-B 5 5/1/2038 0.12
      GUAM GOVT BUSINESS PR 4 1/1/2042 0.12
      NJ TRANSPRTN TRUST-CC 5 6/15/2042 0.12
      GREATER ORLANDO 5.5 11/1/2036 0.12
      LOMPOC UNIF SD-A 5.25 8/1/2054 0.12
      NJ TRANSPRTN TRUST-CC 5 6/15/2044 0.12
      COLUMBIA-BRAZORIA ISD 5 2/1/2044 0.11
      NY CITY TRANS FIN-F-1 5 2/1/2046 0.11
      DENVER URBAN RENWL-A 5.25 12/1/2039 0.05
      ILLINOIS ST-B 5.25 5/1/2045 0.11
      RESTRUCTURED-SER A-2 4.329 7/1/2040 0.11
      MA DEV FIN AGY-REF 5 10/1/2057 0.11
      ILLINOIS ST-B 5.25 5/1/2049 0.11
      NEW JERSEY ECON DEV 6.625 1/1/2045 0.11
      HOUSTON TX ARPT SYS R 4 7/15/2041 0.11
      MI FIN AUTH -A -REF-C 4 6/1/2040 0.11
      MA BAY TRANS AUTH-A-2 5 7/1/2052 0.11
      MA DEV FIN-K1 5 10/1/2036 0.11
      PUB FIN AUTH 4.25 7/1/2054 0.11
      CALIFORNIA CMNTY HSG 3 8/1/2056 0.11
      CHESAPEAKE-B-CONV CAB 4.875 7/15/2040 0.11
      FAIRFAX CNTY SWR REV 5 7/15/2054 0.11
      MTEMS 2023-08FN PT 4.8 7/1/2045 0.11
      WA ST HSG FIN COMM-2N 4.8 12/1/2043 0.11
      CAPITAL TRUST AUTH-A 5 6/1/2039 0.11
      MIAMI-DADE CNTY FL HL 5 8/1/2042 0.11
      GUAM GOVT WTRWKS AUTH 5 1/1/2050 0.11
      HILLSBOROUGH CNTY FL 4 8/1/2045 0.11
      LANCASTER CO HOSP AUT 5 11/1/2046 0.11
      CALIFORNIA ST MUNI FI 5 5/15/2043 0.11
      CA EDUCTNL FACS-A 5 4/1/2042 0.11
      SC PUB SVC AUTH-A-REF 5 12/1/2036 0.11
      DETROIT-A 5 4/1/2050 0.11
      NY TRANSPRTN DEV CORP 5 6/30/2049 0.11
      CA STATEWIDE CMNTY 5 5/15/2040 0.11
      CVI-SUBSER CW NT FRN 11/1/2043 0.11
      OHIO-AMT-PORTSMOUTH 5 12/31/2039 0.11
      AZ INDL DEV EDU-B 5.625 7/1/2048 0.11
      CALIFORNIA ST MUNI FI 5 5/15/2049 0.11
      NEW YORK TRANSPRTN-A 4 12/1/2039 0.11
      CO EDUCTNL & CULT FAC 5.75 4/1/2059 0.11
      SIERRA VISTA INDL DEV 5 6/15/2064 0.11
      SAN DIEGO CNTY CA REG 5 4/1/2042 0.11
      MA DEV FIN AGY 5 10/1/2046 0.10
      AZ INDL DEV AUTH -A 4 6/1/2044 0.10
      MILITARY INSTALLATION 4 6/1/2041 0.10
      HOUSTON-B-AMT-REV 5.5 7/15/2039 0.10
      PR SALES TAX FING-A1 0 7/1/2046 0.10
      CA MUNI FIN AUTH-A 5 7/1/2052 0.10
      DANBURY HGR EDU AUTH 5 8/15/2039 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
      CLIFTON HGR EDU-REF 4 8/15/2049 0.10
      VI PUB FIN AUTH-A 5 10/1/2029 0.10
      MILITARY INSTALLATION 4 6/1/2052 0.09
      PORT AUTH OF NEW YORK 5 10/15/2030 0.10
      IDAHO ST HLTH FACS AU 4 3/1/2046 0.10
      CLIFTON HGR EDU-A 5.25 2/15/2049 0.10
      CA ST SCH FIN AUTH-A 4 8/1/2061 0.10
      HALIFAX HOSP MED CTR 4.25 6/1/2054 0.10
      CO BRD GOVS-C-PREREFD 5 3/1/2043 0.10
      LANCASTER CO HOSP AUT 5 11/1/2041 0.10
      NY LIBERTY DEV CORP-A 3 11/15/2051 0.10
      CO SPRINGS SD#11-COPS 5.25 12/15/2048 0.10
      MONROE CO INDL DEV CO 5 7/1/2054 0.10
      MUNI ELEC AUTH OF GA 4 1/1/2049 0.10
      ARLINGTON TX HGR EDU 5 8/15/2048 0.10
      MET PIER & EXPOSITION 4 12/15/2047 0.10
      PUB FIN AUTH-REF 5.25 11/15/2055 0.10
      BEXAR HLTH FACS-REF 5 7/15/2041 0.09
      BUILD NYC RESOURCE CO 5.25 7/1/2057 0.09
      AZ INDL DEV AUTH-A 4 11/1/2049 0.09
      MIDA MOUNTAIN VLG-1 5.5 6/1/2050 0.09
      DETROIT 5 4/1/2035 0.09
      CHICAGO BRD OF EDU 5 4/1/2042 0.09
      DANBURY HGR EDU AUTH 4 8/15/2049 0.09
      MD H/E ADJ POOLD LN-B FRN 4/1/2035 0.09
      TULSA MUNI ARPT TRUST 6.25 12/1/2040 0.09
      PUB FIN AUTH-REF 5.25 6/15/2045 0.09
      NV DEPT OF BUS SER B FRN 1/1/2065 0.09
      FL DEV FIN CORP-A 5 6/15/2040 0.09
      KY ECON DEV-A-REF 5 12/1/2047 0.09
      GUAM INTERNATIONAL AR 5.25 10/1/2031 0.09
      MS DEV BANK-WTR/SWR 6.875 12/1/2040 0.09
      INDIANA FIN AUTH-A 5.125 6/1/2058 0.09
      AZ INDL DEV AUTH-A 5 11/1/2044 0.09
      AZ IDA SR LIVING-A2 5.125 1/1/2059 0.09
      MIAMI DADE CO-A-REF 4 10/1/2040 0.09
      MONTGOMERY CNTY PA HG 4 9/1/2044 0.09
      OHIO ST-E-REV-REF 4 1/15/2038 0.09
      CLEVELAND ETC PORT 5.5 12/1/2043 0.09
      LEHIGH CO AUTH-REF 5.25 2/1/2054 0.09
      NYC TRANSITIONAL-S-1A 3 7/15/2039 0.09
      CHICAGO BRD OF EDU 5 4/1/2046 0.09
      NY ST TWY AUTH-P-REV 5.25 1/1/2054 0.09
      CALIFORNIA STWD CMNTY 4 4/1/2042 0.08
      NYC INDL DEV AGY-A 3 1/1/2040 0.08
      AR DEV FIN AUTH 5 2/1/2035 0.08
      COLORADO ST HLTH FACS 5.25 11/1/2052 0.08
      PALM BEACH CO-REV-A 5.75 10/1/2055 0.08
      WEST VIRGINIA ST HOSP 5 9/1/2038 0.08
      CALIFORNIA STWD CMNTY 5.25 12/1/2038 0.08
      MIDA MOUNTAIN VLG PUB 4 8/1/2050 0.08
      ARIZONA ST IDA-A 5 7/15/2049 0.08
      CA INFRASTRUCTURE-B 5 11/1/2049 0.08
      MAIN STREET NATURAL-A 5 5/15/2043 0.08
      WASHINGTON ST HLTH CA 5 9/1/2050 0.08
      CA INFRASTRUCTURE-B 5 11/1/2054 0.08
      MONROE CO INDL DEV-A 4.72 1/1/2044 0.08
      CHICAGO IL BRD OF EDU 6 4/1/2046 0.08
      MA DEV FIN AGY-LINDEN 5.125 11/15/2046 0.08
      CA MUNI FIN AUTH-A 5 7/1/2040 0.08
      GUAM GOVT-A-REF 5 12/1/2046 0.08
      MI FIN AUTH -A -REF-C 4 6/1/2038 0.08
      CALIFORNIA STWD CMNTY 5 4/1/2047 0.08
      CLEVELAND ETC PORT 5.5 12/1/2053 0.08
      S JERSEY PORT-B-AMT 5 1/1/2048 0.08
      ATLANTA GA DEV AUTH 5.25 7/1/2044 0.08
      BUILD NYC RESOURCE CO 5.25 7/1/2052 0.08
      MA ST DEV FIN AGY-REF 5 4/15/2040 0.08
      MIDA MOUNTAIN VLG-2 STEP-CPN 6/1/2043 0.08
      TEXAS ST PRIV ACTIVIT 4 6/30/2039 0.08
      TEXAS ST PRIV ACTIVIT 4 6/30/2040 0.08
      TEXAS ST-B-VAR-REMK FRN 12/1/2043 0.08
      VI PUB FIN AUTH-A 5 10/1/2034 0.08
      GEISINGER PA AUTH HLT 4 4/1/2039 0.08
      MIDA MOUNTAIN VLG-1 5.5 6/1/2055 0.08
      WEST VIRGINIA ST HOSP 5 9/1/2039 0.08
      WI CENTER DIST-A-CABS 0 12/15/2046 0.08
      IL FIN AUTH 5.25 4/1/2043 0.08
      ARIZONA IDA-B 4 7/1/2051 0.08
      CAPITAL TRUST AUTH-A 5 6/1/2044 0.08
      FOOTHILL ESTRN TRANSP 2.962 1/15/2046 0.08
      OHIO ST-E-REV-REF 5 1/15/2036 0.08
      CA MUNI FIN AUTH-A 5 10/1/2057 0.08
      PR SALES TAX FING-A1 4.75 7/1/2053 0.08
      LOWER CO RIVER AUTH 5 5/15/2042 0.08
      MONTGOMERY CNTY OH 3 8/1/2040 0.08
      SPARTANBURG REGL HLTH 4 4/15/2036 0.08
      CA MUNI FIN AUTH-A 5 10/1/2049 0.07
      MASSACHUSETTS ST DEV 5 7/1/2044 0.07
      MET ATLANTA-B-REV 5 7/1/2044 0.07
      LANCASTER CO HOSP AUT 5 11/1/2040 0.07
      PR ELEC-REF-DDD 5 7/1/2022 0.07
      ARIZONA ST IDA-A 5 7/15/2039 0.07
      ARLINGTON HGR EDU FIN 5 12/1/2036 0.07
      MIDA MOUNTAIN VETERAN 5 6/1/2044 0.07
      SIERRA VISTA INDL DEV 5 6/15/2059 0.07
      GUAM INTERNATIONAL AR 5.375 10/1/2043 0.07
      OHIO ST-E-REV-REF 4 1/15/2040 0.07
      ATLANTA DEV AUTH-A-1 5 4/1/2034 0.07
      CENTRL TX REGL MOBILI 5 1/1/2045 0.07
      CA CMNTY CLG AUTH 5.25 5/1/2043 0.07
      MONROE CO INDL DEV CO 5 7/1/2044 0.07
      DETROIT 5 4/1/2038 0.07
      S JERSEY PORT-B-AMT 5 1/1/2042 0.07
      DETROIT-A 5 4/1/2046 0.07
      ARIZONA INDL DEV AUTH 3 2/1/2045 0.07
      CHICAGO 5 11/1/2038 0.07
      AZ INDL DEV EDU-B 5.5 7/1/2038 0.07
      DIST OF COLUMBIA REV 4 7/1/2039 0.07
      ONEIDA INDIAN NATION 6 9/1/2043 0.07
      OROVILLE CA REVENUE 5.25 4/1/2039 0.07
      DETROIT 5 4/1/2036 0.07
      PUB FIN AUTH-REF 5.5 6/15/2055 0.07
      CHICAGO-A 5.5 1/1/2049 0.07
      CA MUNI FIN AUTH-A 5.25 11/1/2041 0.06
      CAPITAL TRUST AGY 5 12/15/2040 0.06
      NJ TRANSPR TRUST 5.5 6/15/2050 0.06
      DETROIT 5 4/1/2033 0.06
      CHICAGO BOE-A-REF 5 12/1/2026 0.06
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      BUILD NYC RES CORP-A 5 12/1/2041 0.06
      UT ST CHRT SCH FIN-A 5 4/15/2049 0.06
      FL ST DEV FIN CORP 5 6/1/2051 0.06
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      AR DEV FIN AUTH 5 2/1/2033 0.06
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      LANCASTER CO HOSP AUT 5 11/1/2038 0.06
      GUAM PWR AUTH-A-REF 5 10/1/2033 0.06
      PR SALES TAX FING-A1 0 7/1/2051 0.06
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      PUBLIC FIN AUTH-A1 6.375 1/1/2048 0.06
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      GUAM INTERNATIONAL AR 5.375 10/1/2033 0.06
      TX TRANSPRTN-C-REF 5 8/15/2040 0.06
      IL FIN AUTH-A-REF 5.25 4/1/2042 0.06
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      ILLINOIS ST-B 5 5/1/2039 0.06
      ARLINGTON HGR EDU FIN 5 12/1/2046 0.06
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      CAPITAL TRUST AGY 5 12/15/2035 0.06
      ARLINGTON HGR EDU FIN 5 6/15/2064 0.06
      GREATER ORLANDO 5.5 11/1/2037 0.06
      NJ TRANSPRTN TRUST-CC 5 6/15/2043 0.06
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      ILLINOIS ST-B 5.25 5/1/2044 0.06
      MIAMI-DADE EXPWY-A 5 7/1/2040 0.06
      NEW YORK NY 3 3/1/2041 0.06
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      DETROIT 5 4/1/2031 0.06
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      LOS ANGELES -C-REF 5 7/1/2055 0.06
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      DETROIT 5 4/1/2034 0.06
      JEFFERSON CO-REF 5.25 10/1/2049 0.06
      POINT 1 DT#1-A-1 5.875 3/1/2045 0.06
      RI HLTH & EDU BLDG 5.25 8/15/2043 0.06
      IL FIN AUTH -REV 5 6/1/2047 0.06
      MIDA MOUNTAIN VLG-2 5.5 6/15/2039 0.06
      MIDA MOUNTAIN VLG-2 5.75 6/15/2044 0.06
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      REGL CO TRANS DT-A 4 7/15/2035 0.06
      VAIL HOME PARTNERS CO 5.875 10/1/2055 0.06
      CA SCH FIN AUTH-A-REF 5 6/1/2064 0.05
      CA SCH FIN-REV-REF 5 7/1/2049 0.05
      HOUSTON TX ARPT SYS R 5 7/15/2027 0.05
      HOUSTON-C-REF-AMT 5 7/15/2027 0.05
      MORONGO BAND OF MISSN 5 10/1/2042 0.05
      CA INFRASTRUCTURE-B 5 11/1/2059 0.05
      MA DEV FIN AGY-REF 5 10/1/2037 0.05
      SIERRA VISTA INDL DEV 6.5 6/15/2060 0.05
      MASSACHUSETTS ST DEV 5 1/1/2040 0.05
      CA MUNI FIN AUTH-A 5 2/1/2042 0.05
      TRANSBAY JT PWRS-A 5 10/1/2045 0.05
      ARLINGTON TX HGR EDU 5 8/15/2038 0.05
      IRVINE IMPT BOND ACT 4 9/2/2029 0.05
      PENNSYLVANIA ST ECON 5 12/31/2057 0.05
      TRANSBAY JT PWRS-A 5 10/1/2049 0.05
      NTHRN CA TOBACCO-A 4 6/1/2039 0.05
      MIDA MOUNTAIN VLG-1 5.125 6/15/2054 0.05
      CHICAGO IL BRD OF EDU 5 12/1/2041 0.05
      MILITARY INSTALLATION 4 6/1/2036 0.05
      VA SMALL BUS FING AUT 4 1/1/2040 0.05
      IL FIN AUTH-A-REF 5.25 4/1/2043 0.05
      PALOMAR HLTH-REF 5 11/1/2039 0.05
      TOBACCO SETTLEMENT-A2 4 6/1/2040 0.05
      PUB FIN AUTH-PIEDMONT 5 6/15/2053 0.05
      HIDALGO CO-A 4 12/1/2040 0.05
      ARLINGTON HGR EDU FIN 4.875 6/15/2054 0.05
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      ARIZONA IDA-A 4 7/1/2041 0.05
      ALBANY CAP RESOURCE C 4.75 6/1/2054 0.05
      DETROIT 5 4/1/2028 0.05
      RESTRUCTURED-SER A1 5.75 7/1/2031 0.05
      RESTRUCTURED-SER A1 5.625 7/1/2029 0.05
      TRANSBAY JT PWRS-A 5 10/1/2039 0.05
      BUILD NYC RESOURCE-A 5 6/1/2047 0.05
      POTTSBORO HGR EDU-A 5 8/15/2046 0.05
      AZ ST INDL DEV AUTH 5 7/1/2049 0.05
      REGL CO TRANS DT-A 3 7/15/2037 0.05
      MIDA MOUNTAIN VLG PUB 4 8/1/2030 0.05
      RESTRUCTURED-SER A1 5.625 7/1/2027 0.05
      WASHINGTON HLTH CARE 4 12/1/2048 0.05
      ARLINGTON HGR EDU FIN 4.875 6/15/2059 0.05
      WASHINGTON ST HLTH CA 4 9/1/2050 0.05
      MA DEV FIN AGY-N-REF 5 10/1/2043 0.05
      GUAM INTERNATIONAL AR 5 10/1/2028 0.05
      GA MUNI ELEC AUTH-A 4 1/1/2051 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
      HIDALGO CO-A 4 12/1/2039 0.05
      INDIANA FIN AUTH-A 5 6/1/2043 0.05
      OR COAST COMNTY-CONV 5 6/15/2045 0.05
      CA SCH FIN AUTH-A 5 7/1/2047 0.05
      ARLINGTON TX HGR EDU 5 8/15/2053 0.05
      TOLEDO-LUCAS CO PORT 4 1/1/2051 0.05
      ARLINGTON HGR EDU FIN 4.75 6/15/2049 0.05
      CA SCH FIN AUTH-PRERE 5 6/1/2047 0.04
      RESTRUCTURED-SER A-2 4.784 7/1/2058 0.04
      RESTRUCTURED-SER A1 4 7/1/2033 0.04
      IL FIN AUTH-A-REF 5.25 4/1/2044 0.04
      NTHRN CA TOBACCO-A 4 6/1/2038 0.04
      OHIO ST-E-REV-REF 4 1/15/2039 0.04
      INDIANA FIN AUTH-A 5 6/1/2038 0.04
      RESTRUCTURED-SER A1 4 7/1/2041 0.04
      RESTRUCTURED-SER A1 4 7/1/2046 0.04
      LOS ANGELES -C-REF 5 7/1/2049 0.04
      FOOTHILL ESTRN TRANSP 3.062 1/15/2043 0.04
      ARLINGTON HGR EDU FIN 4.5 6/15/2044 0.04
      RESTRUCTURED-CABS-SER 0 7/1/2033 0.04
      GUAM INTERNATIONAL AR 5.25 10/1/2036 0.04
      MARLAND ECON DEV CORP 5 6/1/2049 0.04
      NEW MEMPHIS ARENA PUB STEP-CPN 4/1/2031 0.04
      CHICAGO BRD OF EDU-A 4 12/1/2027 0.04
      TAMPA -A -REV -CABS 0 9/1/2045 0.04
      NEW YORK TRANSPRTN-A 5 12/1/2037 0.04
      WARM SPRINGS-B-REF 5 11/1/2036 0.04
      MET TRANS-C2-UNREFUND 5.175 11/15/2049 0.04
      WARM SPRINGS-B-REF 5 11/1/2039 0.04
      DETROIT 5 4/1/2030 0.04
      RESTRUCTURED-SER A1 4 7/1/2035 0.04
      LOUISIANA ST PUB FACS 3 6/1/2050 0.04
      LOWELL COLLEGIATE 5 6/15/2049 0.04
      LOWELL COLLEGIATE 5 6/15/2054 0.04
      HIDALGO CO-A 4 12/1/2041 0.04
      BUILD NYC RESOURCE-A 5 6/1/2037 0.04
      ARLINGTON HGR EDU FIN 4 8/15/2046 0.04
      CA MUNI FIN AUTH-A 5.25 11/1/2047 0.04
      OREGON ST-A-REF 5 5/1/2040 0.04
      ARIZONA IDA-B 4 7/1/2041 0.04
      CA SCH FIN AUTH-UNREF 5 6/1/2047 0.04
      CMFA SPL FIN AGY CA E 3 12/1/2056 0.04
      ARIZONA ST INDL DEV A 5 12/15/2049 0.03
      UT ST CHRT SCH FIN-A 5 4/15/2044 0.03
      LANCASTER CO HOSP AUT 5 11/1/2037 0.03
      CA ST SCH FIN AUTH-A 4 8/1/2051 0.03
      NEW MEMPHIS ARENA PUB 0 4/1/2032 0.03
      RESTRUCTURED-SER A1 4 7/1/2037 0.03
      CHICAGO BRD OF EDU-B 5 12/1/2033 0.03
      CA ST MUNI FIN AUTH 5 6/1/2035 0.03
      CA SCH FIN AUTH-A 5 7/1/2037 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
      GUAM INTERNATIONAL AR 5.375 10/1/2040 0.03
      TAMPA -A -REV -CABS 0 9/1/2049 0.03
      IL FIN AUTH-A-REF 5.25 4/1/2041 0.03
      LATROBE INDL DEV AUTH 4 3/1/2046 0.03
      LATROBE INDL DEV AUTH 4 3/1/2051 0.03
      A.B WON PAT AUTH-A 5 10/1/2032 0.03
      MI TOB SETTLMT-CABS-C 0 6/1/2058 0.03
      ARLINGTON HGR EDU FIN 4 8/15/2041 0.03
      TAMPA -A -REV -CABS 0 9/1/2041 0.03
      BUILD NYC RES CORP -A 4 6/15/2051 0.03
      FL DEV FIN IMAGINE 5 12/15/2034 0.03
      FL DEV FIN IMAGINE 5 12/15/2039 0.03
      DAYTON-MONTGOMERY-REV 5 12/1/2044 0.03
      CALIFORNIA PUBLIC FIN 5 11/15/2036 0.03
      NEW YORK ST DORM AUTH 5.25 10/1/2049 0.03
      BUILD NYC RESOURCE-A 5 6/1/2032 0.03
      NTHRN CA TOBACCO-A 4 6/1/2037 0.03
      TAMPA -A -REV -CABS 0 9/1/2042 0.03
      NTHRN CA TOBACCO-A 4 6/1/2040 0.03
      CA ST SCH FIN AUTH-A 4 8/1/2041 0.03
      BUILD NYC RES CORP -A 4 6/15/2041 0.02
      MASSACHUSETTS ST DEV 4 10/1/2045 0.02
      VERNON-A-REF -REV 5 8/1/2039 0.02
      ARIZONA INDL DEV AUTH 4 12/15/2041 0.02
      INDIANA FIN AUTH-A 5 6/1/2033 0.02
      VERNON-A-REF -REV 5 8/1/2041 0.02
      FL DEV FIN IMAGINE 4 12/15/2029 0.02
      PR SALES TAX FING-A1 0 7/1/2033 0.02
      NEW YORK TRANSPRTN-A 5 12/1/2035 0.02
      PR SALES TAX FING-A1 0 7/1/2031 0.02
      ARIZONA ST INDL DEV A 5 12/15/2039 0.02
      PENNSYLVANIA ST ECON 6.5 12/1/2038 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
      OR COAST COMNTY-CONV 5 6/15/2039 0.02
      INDIANA FIN AUTH-A 5 6/1/2032 0.02
      PR SALES TAX FING-A1 0 7/1/2029 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
      OR COAST COMNTY-CONV 5 6/15/2038 0.02
      ARLINGTON HGR EDU FIN 4 8/15/2036 0.02
      OR COAST COMNTY-CONV 5 6/15/2043 0.02
      MA H/E VAR-MUSEUM-A1 FRN 12/1/2037 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
      PR SALES TAX FING-A1 0 7/1/2027 0.01
      DEKALB CO DEV AUTH -A 5 6/1/2040 0.01
      LA PUB FAC-A-PREREFD 4 4/1/2050 0.01
      BUILD NYC RESOURCE-A 2.5 6/15/2031 0.01
      N CALIF GAS-LIBOR FRN 7/1/2027 0.01
      CALIFORNIA PUBLIC FIN 5 11/15/2051 0.01
      OR COAST COMNTY-CONV 5 6/15/2040 0.01
      OR COAST COMNTY-CONV 5 6/15/2042 0.01
      NY TRANSPRTN DEV CORP 2.25 8/1/2026 0.01
      PR SALES TAX FING-A1 4.55 7/1/2040 0.01
      MARLAND ECON DEV CORP 5 6/1/2044 0.01
      A.B WON PAT AUTH-A 5.25 10/1/2037 0.01
      CVI-HTA 98 SR CLAIM FRN 11/1/2051 0.01
      CAPITAL TRUST AGY-A1 5 7/1/2048 0.01
      A.B WON PAT AUTH-B 5 10/1/2041 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-B 5 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 10/1/2042 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
      CAPITAL TRUST AGY-B 5 7/1/2053 0.00

      % 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

          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.

          Distributions

          Dividend Schedule

          Declared
          Monthly
          Distributed
          Monthly
          Paid
          Monthly
          Fiscal Year End
          Aug 31
          Literature

          Literature

          PRODUCT INFORMATION

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          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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          Prospectus Download
          Summary Prospectus Download
          SAI 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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