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Address And Details

255 Liberty Street , New York, NY 10286
Fund Manager Daniel Marques
Manager Tenure 12 Years

Strategy And Objective

The fund seeks to maximize current income exempt from federal income tax, to the extent consistent with the preservation of capital. To pursue its goal, the fund normally invests substantially all of its net assets in municipal bonds that provide income exempt from federal income tax. Municipal bonds are debt securities or other obligations issued by states, territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies and instrumentalities, or multi state agencies and authorities, and certain other specified securities.The fund invests at least 75% of its assets in municipal bonds rated, at the time of purchase, A or higher or the unrated equivalent as determined by BNY Mellon Investment Adviser, Inc. The fund may invest up to 25% of its assets in municipal bonds rated below A or the unrated equivalent as determined by BNY Mellon Investment Adviser, Inc., including bonds of below investment grade credit quality ("high yield" or "junk" bonds).

Net Asset Value

as of 5:12 PM ET 11/30/2021


  • 1 Week
  • +0.33%
  • 1 Month
  • +0.67%
  • 3 Months
  • -0.74%
  • 1 Yr Return
  • -0.08%
  • 5 Yr Return
  • +6.23%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 99.51%
Cash 0.49%
Stocks 0.00%
Preferred 0.00%
Convertible 0.00%
Other 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 1.18 B

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -0.73 -0.53 -0.49
Beta 1.16 1.12 1.15
R Squared 0.95 0.96 0.92
Std Deviation 4.70 4.45 4.31
Sharpe Ratio 0.89 0.48 n/a

Purchase Information

as of 5:21 PM ET 11/26/2021
Minimum Initial $2500
Minimum Additional $100
Minimum Initial IRA $0


Timeframe Average Annual Current Performance Monthly As Of 11/30/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 11/30/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • +2.80%
  • +3.69%
+2.80% +3.69%
3 Year
  • +5.16%
  • +4.93%
+5.16% +4.93%
10 Year
  • +3.96%
  • +3.91%
+3.96% +3.91%
Life Of Fund
  • +5.34%
  • +5.35%
+5.34% +5.35%

Top 10 Holdings

Symbol Company Name % Of Assets


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