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    BNY Mellon Municipal Opportunities ETF (BMOP)

    • CUSIP 05613H803
    • NAV  $ 25.05 As of  07/10/26
    • CHG  $ 0.00 (0.00 %)
    • MKT PRICE  $25.08 As of  07/10/26
    • CHG  $0.02 (0.08 %)
    • 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
    $1,780,742,271  As of  07/10/26
    NUMBER OF SHARES OUTSTANDING
    71,100,124  As of  07/10/26
    MARKET PRICE 52-WEEK HIGH
    $25.23  As of  02/27/26
    MARKET PRICE 52-WEEK LOW
    $24.45  As of  03/24/26
    AVG EFFECTIVE DURATION
    7.33 yr(s). As of  06/30/26
    WEIGHTED AVG YIELD TO MATURITY
    5.96% As of  06/30/26
    WEIGHTED AVG MATURITY
    8.92 yr(s). As of  06/30/26
    DISTRIBUTION FREQUENCY
    Monthly
    Morningstar Category
    Municipal National Intermediate
    Morningstar Overall Rating
    Number of Holdings
    662 As of  06/30/26
    SUB-ASSET CLASS
    Tax-Exempt
    EXCHANGE
    NASDAQ

    Morningstar Rating™ as of June 30, 2026. Overall rating for the Municipal National Intermediate category. Fund ratings are out of 5 Stars: Overall 4 Stars (256 funds rated); 3 Yrs. 4 Stars (256 funds rated); 5 Yrs. 3 Stars (239 funds rated); 10 Yrs. 5 Stars (177 funds rated).

    Yields and Expense Ratio

    30-DAY SEC YIELD
    as of 07/10/26      SUBSIDIZED     		UNSUBSIDIZED CURRENT YIELD
    as of  07/10/26     		CONTRACTUAL
    FEE WAIVER END DATE     		PROSPECTUS FEE TABLE EXPENSE RATIO (%)
    as of  12/31/25     NET     		GROSS
    3.80 3.80 3.94 - 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.

    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  07/10/26 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
    		0.20% 91,141 99,535 0.14% 2.65%

    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 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 -

    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  07/10/26 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%
      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. 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 07/10/26
      Holdings % Portfolio Weight
      Net Current Assets 0.99
      INTERMOUNTAIN PWR AGY 5 7/1/2042 0.90
      CA CMNTY CHOICE FIN-F 5 11/1/2033 0.79
      AUSTIN TX ARPT SYS RE 5 11/15/2046 0.74
      PUERTO RICO CMWLTH AQ 5 7/1/2030 0.72
      MA BAY TRANS AUTH-A 5 7/1/2038 0.67
      UNIV OF TEXAS SYS BRD 5 7/1/2041 0.63
      MD HLTH HGR AUTH-B FRN 8/15/2056 0.62
      LA DEPT OF WTR-B-REF 5 7/1/2037 0.62
      WASHINGTON ST-A 5 8/1/2040 0.61
      BLACK BELT-SER-C FRN 5/1/2055 0.60
      TENNERGY CORP -A FRN 10/1/2054 0.59
      MAIN STREET NATURAL-C FRN 12/1/2054 0.59
      IDAHO ST HSG & FIN AS 5 8/15/2043 0.59
      TRIBOROUGH BRIDGE-A-3 5.25 5/15/2064 0.59
      CA CMNTY CHOICE FIN-C FRN 8/1/2055 0.58
      MA SCH BLDG-B-SUB 5.25 2/15/2048 0.57
      BLACK BELT ENERGY GAS FRN 10/1/2052 0.57
      MA SCH BLDG-SUB-A 5.25 2/15/2048 0.54
      HIGH STAR RANCH FING 6.25 12/1/2055 0.52
      LA PUB FACS AUTH-AMT 5.5 9/1/2054 0.50
      PR SALES TAX FING-A1 5 7/1/2058 0.49
      MATCHING FUND SPL-A 5 10/1/2039 0.47
      WA MET AREA TRANSIT-A 3 7/15/2040 0.46
      CHICAGO-A-REV 5.25 1/1/2041 0.44
      TX PRIVATE ACTIVITY 5.5 12/31/2058 0.44
      CHICAGO BOE-B-REF 6.75 12/1/2030 0.44
      NY TRNSPRTN DEV CRP-A 5.25 12/31/2054 0.43
      PR ELEC PWR AUTH-A 6.75 7/1/2036 0.43
      CALIFORNIA ST MUNI FI 5 5/15/2052 0.42
      MASSACHUSETTS ST 5 11/1/2045 0.42
      BUILD NYC RESOURCE-A 7 12/15/2065 0.41
      OK CTY WTR UTIL TRUST 5 7/1/2054 0.41
      ARKANSAS DEV FIN AUTH 5.7 5/1/2053 0.41
      GOLDEN ST TOBACCO-A1 4.214 6/1/2050 0.41
      MA DEV FIN AGY-Q 5.5 12/1/2051 0.41
      CA CMNTY CHOICE-A-1 FRN 4/1/2056 0.40
      VA PORT AUTH 5 7/1/2043 0.40
      RI HLTH-PROVIDENCE 5 11/1/2045 0.39
      CHICAGO BRD ED-B-REF 6 12/1/2043 0.39
      CAL INFRA & ECO DEV-B FRN 1/1/2065 0.39
      OK CTY WTR UTIL TRUST 5 7/1/2049 0.38
      MET TRANSPRTN AUTH-A 5 11/15/2037 0.37
      VIRGINIA ST CLG BLDG 5.25 2/1/2042 0.37
      SAN FRANCISCO APRT-A 5 5/1/2044 0.37
      CHICAGO 5 11/1/2039 0.36
      FL DEV FIN CORP-A 5 6/15/2050 0.36
      TNDR OPT RSDLS-XL0601 FRN 3/15/2049 0.36
      CA CMNTY CHOICE FING FRN 1/1/2054 0.36
      TRIBOROUGH BRIDGE-A-2 5.25 5/15/2059 0.35
      FULTON CNTY GA DEV AU 5 3/15/2044 0.34
      PUBLIC FIN AUTH WI HO 4 6/1/2045 0.34
      RI HLTH & EDUCTNL-C 5 5/15/2043 0.34
      MET TRANSPRTN-C-1 5 11/15/2050 0.34
      NATIONAL FIN AUTH-2 FRN 2/20/2043 0.34
      FOOTHILL ESTRN TRANSP 4.094 1/15/2049 0.34
      CA MUNI FIN AUTH 5 5/15/2048 0.34
      TX WTR DEV BRD-REV 5 8/1/2044 0.34
      PUB FIN AUTH-AMT 5.75 6/30/2060 0.34
      SOUTHEAST ENERGY AUTH FRN 1/1/2054 0.33
      TRIBOROUGH BRIDGE-A 5.25 12/1/2054 0.33
      DT OF COLUMBIA 5.25 1/1/2048 0.32
      DETROIT COPS-TAXABLE 4.613 6/15/2015 0.32
      NJ EDUCTNL FACS-A FRN 7/1/2064 0.31
      FORT BEND ISD-A-REF 4.25 8/15/2054 0.32
      HIGHER EDUCTNL FACS-A 3 12/1/2048 0.32
      NY ST TRANS DEV CORP 5 12/1/2041 0.32
      CA MUNI AUTH-1-A-1 4.05 7/20/2041 0.31
      PUB FIN AUTH-AMT 6.5 12/31/2065 0.31
      MET PIER CAB-A-AG 0 12/15/2040 0.31
      MA DEV FIN AGY-A 5.25 1/1/2042 0.31
      NJ ECON DEV AUTH-AMT 5.375 1/1/2043 0.31
      PHILADELPHIA HSG-A 5.25 3/1/2040 0.31
      US TREASURY N/B 4.125 6/30/2031 0.31
      OK TPK AUTH-A 5.5 1/1/2054 0.31
      ARLINGTON HGR EDU FIN 4 2/15/2049 0.31
      IN FIN AUTH-D-2-REF FRN 10/1/2063 0.30
      COLLIN CNTY 5 2/15/2040 0.30
      ILLINOIS ST-B 5 6/15/2039 0.30
      CONNECTICUT ST-B 3 6/1/2038 0.30
      OK TPK AUTH-A 5.25 1/1/2050 0.30
      NJ ECON DEV AUTH-AMT 5.125 1/1/2034 0.30
      NEW YORK-D 5.25 4/1/2047 0.30
      HOUSTON-A-REF 5.25 3/1/2049 0.30
      S E ENERGY AUTH-A-1 FRN 1/1/2053 0.30
      ILLINOIS ST-D 5 11/1/2028 0.30
      IN FIN AUTH-D-1-REF FRN 10/1/2064 0.30
      COOK CO-A-REF 5.25 11/15/2045 0.30
      KY PUB ENERGY AUTH-A FRN 6/1/2055 0.30
      MAIN ST NAT GAS INC-D FRN 5/1/2054 0.30
      MIAMI-DADE CNTY WTR-A 5.25 10/1/2054 0.30
      POINT 1 DT#1-A-1 6.125 3/1/2055 0.29
      CA CMNTY CHOICE FIN-C FRN 12/1/2055 0.29
      MASSACHUSETTS ST 5 7/1/2045 0.29
      KY PUB ENERGY-A FRN 5/1/2055 0.29
      MAIN STREET NATURAL-B FRN 12/1/2052 0.29
      SC JOBS-ECO AUTH-REF 5.25 11/1/2054 0.29
      MASSACHUSETTS ST-A 5 1/1/2041 0.29
      TRIBOROUGH BRIDGE-A-1 5.25 5/15/2064 0.29
      PUB FIN AUTH-AMT 5.75 12/31/2065 0.29
      PUERTO RICO CMWLTH AQ 5 7/1/2035 0.29
      TREASURY BILL 0 8/13/2026 0.29
      UNIV OF CALIFORNIA-AZ 5 5/15/2043 0.29
      PROJECTNEW YORK TRANS 5 10/1/2040 0.29
      TN ENERGY ACQ CORP-A- FRN 5/1/2053 0.29
      CA MUNI FIN AUTH 5 5/15/2040 0.29
      GRAND PKWY TRANSPRTN 5 10/1/2043 0.29
      NEW YORK ST TRANSPRTN 5.5 6/30/2054 0.29
      CA MUNI FIN AUTH 5 5/15/2043 0.29
      TRIBOROUGH BRIDGE 5 11/15/2049 0.29
      NEW YORK ST TRANSPRTN 5.25 6/30/2049 0.29
      BUILD NYC RESOURCE-A 7 12/15/2055 0.29
      AUBURN UNIV GEN FEE 5 6/1/2048 0.29
      CHICAGO BRD ED-C-REF 5.5 12/1/2045 0.28
      MTA HUDSON RAIL YRD-A 5 11/15/2056 0.28
      MINNEAPOLIS -REV 4 11/15/2038 0.28
      NYC TRANSITIONAL-A-1 5.5 5/1/2050 0.28
      CLIFTON HGR EDU-REF 4 8/15/2044 0.28
      MASSACHUSETTS DEV-REF 5.25 7/1/2055 0.27
      ARLINGTON CNTY VA IND 4 7/1/2045 0.27
      CO BRIDGE & TUNNEL-A 5.5 12/1/2054 0.27
      CENTRL PUGET-S-1-REF 3 11/1/2036 0.27
      MO HLTH & EDUCTNL-A 4.25 4/1/2055 0.27
      CALIFORNIA CMNTY HSG 5 8/1/2049 0.26
      CALIFORNIA ST HLTH FA 4 5/15/2046 0.26
      GOLDEN ST TOBACCO -B 3.293 6/1/2042 0.26
      SIERRA CLG #2-B-WESTE 0 8/1/2031 0.26
      FOOTHILL E TRANSP-B1 3.95 1/15/2053 0.25
      GRAND PKWY TRANSPRTN 4 10/1/2049 0.25
      MA DEV FIN AGY-A 5.5 7/1/2066 0.25
      OHIO ST 3 5/1/2039 0.25
      MIDA MOUNTAIN VLG-2 6 6/15/2054 0.25
      ST JAMES PSH-REV-REMK 6.35 7/1/2040 0.25
      CLIFTON HGR EDU 5 8/15/2047 0.25
      MET WASHINGTON DC-B 4 10/1/2053 0.25
      MIDA CORMONT PUB-A-2 STEP-CPN 6/1/2055 0.25
      MARICOPA CNTY AZ PO 2.4 6/1/2035 0.25
      CALIFORNIA ST 5.25 10/1/2045 0.25
      OHIO ST-REV-REF 4 10/1/2042 0.25
      ARKANSAS UNIV BRD-A 5 11/1/2054 0.24
      IA ST FIN AUTH 5 8/1/2042 0.24
      HOUSTON-A-REF 5 3/1/2042 0.24
      JEFFERSON PSH ECON-A 5.625 6/15/2048 0.24
      NV DEPT OF BUS SER B FRN 1/1/2065 0.24
      PR SALES TAX FING-A1 4.5 7/1/2034 0.24
      NY TRANSPRTN DEV CORP 6 6/30/2059 0.24
      NY ST TRANS DEV CORP 5 12/1/2039 0.24
      MET WA DC ARPTS-CABS 0 10/1/2036 0.24
      PUB FIN AUTH 4.25 7/1/2054 0.24
      CVI-CW/PRIFA RUM FRN 11/1/2051 0.24
      OHIO ST-REV-REF 4 10/1/2047 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
      MA DEV FIN AGY-A 5.375 7/1/2061 0.23
      NYC INDL DEV AGY-A 3 1/1/2046 0.23
      NY TOBACCO-A-2B-REF 5 6/1/2045 0.22
      PUB FIN AUTH-AMT 6.5 6/30/2060 0.22
      CO SCH MINES BRD-A 5 12/1/2054 0.22
      NYC INDL DEV AGY-A 3 1/1/2039 0.22
      WOLF CREEK INFRA DT#1 5.75 12/1/2044 0.21
      WI CENTER DIST-A-CABS 0 12/15/2044 0.21
      DALLAS & FORT WORTH-B 5 11/1/2047 0.21
      SEMINOLE CO-REV-REF 5 10/1/2052 0.21
      NEW YORK ST LIBERTY 2.8 9/15/2069 0.21
      MAIN STREET NATURAL-A FRN 6/1/2055 0.21
      NY DORM AUTH-A-UNREFD 5.25 3/15/2052 0.21
      TX WTR DEV BRD -REV 5 10/15/2057 0.21
      HARRIS CNTY TX CULTUR 3 10/1/2051 0.20
      ONEIDA CO NY LOCAL DE 4 12/1/2049 0.20
      GRANT UHSD-CABS ELEC 0 2/1/2033 0.20
      BUILD NYC RESOURCE-A 6.5 12/15/2045 0.20
      LBJ INFRASTRUCTURE GROUP 3.797 12/31/2057 0.20
      ARLINGTON HGR EDU 4.5 8/15/2050 0.19
      FL LOCAL GOVT FIN-A 5.5 6/15/2040 0.19
      FOREST LAKE MN CHARTE 5 7/1/2056 0.19
      PUB FIN AUTH-PIEDMONT 5 6/15/2049 0.19
      IL FIN AUTH-B-REF 5.25 4/1/2038 0.19
      CA PUB FIN AUTH -A 4 7/15/2051 0.19
      CALIFORNIA ST MUNI FI 5 5/15/2039 0.19
      PHILADELPHIA HSG-A 5.25 3/1/2038 0.19
      CA CMNTY HSG AGY-A 4 2/1/2056 0.18
      HOUSTON-A-REF 5 3/1/2040 0.18
      NYC TRANS FIN-SUB-I 5 11/1/2045 0.18
      AZ INDL DEV EDU-B 5.75 7/1/2053 0.18
      SIERRA VISTA INDL DEV 5 6/15/2054 0.18
      TEMPLE ISD 5 2/1/2044 0.18
      DT OF COLUMBIA-A-REV 5 7/1/2042 0.18
      NYC TRANSITIONAL-A-1 5.25 5/1/2048 0.18
      GREATER ORLANDO 5.5 11/1/2037 0.18
      JEFFERSON PSH ECON-A 5.5 6/15/2038 0.18
      NTHRN IN COMMUTER-REV 5.25 1/1/2049 0.18
      VA SMALL BUSINESS FIN 4 1/1/2048 0.18
      MET SAINT LOUIS SWR 5.25 5/1/2052 0.18
      MATCHING FUND SPL-A 5 10/1/2030 0.18
      NY ST TRANS DEV CORP 5 12/1/2042 0.18
      LOWER NECHES VLY-REF FRN 5/1/2046 0.17
      FOWLER CO UNIF SD-B 5 8/1/2050 0.17
      CHICAGO O'HARE ARPT-A 5 1/1/2037 0.17
      DALLAS ISD-B-REF 4.5 2/15/2045 0.17
      FAYETTE CO DEV AUTH 5.25 10/1/2049 0.17
      FAYETTE CO DEV AUTH 5.25 10/1/2054 0.17
      CALIFORNIA ST EDUCTNL 5 10/1/2048 0.17
      HOUSTON-C-REV-REF 5.25 9/1/2051 0.17
      CALIFORNIA CMNTY CHOI FRN 2/1/2052 0.17
      AR DEV FIN AUTH-B-AMT FRN 9/1/2046 0.17
      CA ST MUNI FIN-AMT 4 7/15/2029 0.17
      IL FIN AUTH-A-REF 5 5/15/2037 0.17
      MA DEV FIN AGY-REF 5 10/1/2047 0.17
      OHIO-AMT-PORTSMOUTH 5 12/31/2035 0.17
      CA ST CMNTY DEV AUTH 5.25 12/1/2044 0.17
      NY ST TRANS DEV CORP 5 12/1/2038 0.17
      CO EDUCTNL & CULT FAC 5.8 4/1/2054 0.17
      MET SAINT LOUIS SWR 5 5/1/2047 0.17
      GEO L SMITH II GA CON 5 1/1/2054 0.16
      FL LOCAL GOVT FIN-A 6 6/15/2045 0.16
      GOLDEN ST TOBACCO -B 2.746 6/1/2034 0.16
      ARIZONA IDA-B 4 7/1/2061 0.16
      VA SMALL BUS FIN-A 4 1/1/2045 0.16
      MISSION ECON DEV-AMT 4.625 10/1/2031 0.16
      N DAKOTA ST HSG FIN 4.5 7/1/2043 0.16
      AZ IND DEV AUTH-A 5 11/1/2054 0.16
      CA CMNTY CLG AUTH 5.25 5/1/2048 0.16
      AR DEV FIN AUTH-AMT-A 7 7/1/2048 0.16
      CA ST MUNI FIN AUTH 5 6/1/2050 0.15
      MIDA MOUNTAIN VLG-1 5.75 6/1/2060 0.15
      CMFA FIN AGY-A-2 4 8/1/2047 0.15
      CAPITAL TRUST AUTH-A 5 6/1/2054 0.15
      CALIFORNIA SCH FIN- A 5 8/1/2048 0.15
      KING CNTY-REF FRN 1/1/2042 0.15
      MIAMI-DADE CO EDU FAC 5 4/1/2044 0.15
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      CA CMNTY CHOICE FIN-H FRN 1/1/2056 0.15
      JPM-DRIVERS-XL0356 FRN 2/1/2042 0.15
      CALIFORNIA ST MUNI FI 5 5/15/2037 0.15
      NY TRANSPRTN DEV CORP 6 6/30/2055 0.15
      PEFA INC-A-REF-REV 5 4/1/2035 0.15
      SOUTHERN CA PUB PWR-A 5 11/1/2033 0.15
      ILLINOIS ST 5.5 5/1/2039 0.15
      NEW JERSEY ECON DEV 6.375 1/1/2035 0.15
      ILLINOIS ST 5.5 5/1/2030 0.15
      PUB FIN AUTH-A 5 5/1/2060 0.15
      ILLINOIS ST-B 5.25 5/1/2048 0.15
      CENTENNIAL WTR & SANT 5 12/1/2053 0.15
      BUILD NYC RESOURCE 5.5 7/1/2055 0.15
      LOS ANGELES DEPT-C 5 7/1/2054 0.14
      AZ IND DEV AUTH-A 5 11/1/2049 0.14
      CHICAGO BOE-A 5.875 12/1/2047 0.14
      ILLINOIS ST-A 5 3/1/2046 0.14
      ARKANSAS DEV FIN AUTH 5.45 9/1/2052 0.14
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      NATIONAL FIN AUTH-A 5.25 7/1/2048 0.14
      ILLINOIS ST -A 5 5/1/2042 0.14
      AZ IDA SR LIVING-B 5.125 1/1/2059 0.14
      CA EDUCTNL FACS-A 5 4/1/2047 0.14
      COLLIER CO HLTH FACS 5 5/1/2045 0.14
      ALBANY CAP RESOURCE C 5 6/1/2064 0.14
      MAINE ST HSG AUTH MTG 4.7 11/15/2053 0.14
      VA SMALL BUS FIN-A 4 1/1/2051 0.14
      JPM-DRIVERS-XL0357 FRN 5/15/2047 0.14
      CLEVELAND ETC PORT 5.25 12/1/2038 0.14
      PUB FIN AUTH-A 5 2/1/2062 0.14
      FLORIDA ST HGR EDUCTN 4.125 12/1/2054 0.14
      GDB DEBT RECOVERY AUT 7.5 8/20/2040 0.14
      INDIANA FIN AUTH 4 2/1/2044 0.13
      MIDA CORMONT PUB-A-1 6.25 6/1/2055 0.13
      PUB FIN AUTH-REF 5.25 11/15/2061 0.13
      MIAMI-DADE CO-A-1-REV 4 10/1/2045 0.13
      CALIFORNIA ST MUNI FI 5 5/15/2034 0.13
      MONROE CO INDL DEV CO 5 7/1/2044 0.13
      NEW YORK CITY INDL 3 3/1/2036 0.13
      IDAHO ST HLTH FACS AU 4 3/1/2051 0.13
      PUB FIN AUTH-REF 5 9/1/2039 0.13
      MARICOPA CNTY AZ INDL 3 1/1/2049 0.13
      INDIANA FIN AUTH-A 5 6/1/2053 0.13
      RESORT CORE PUB DT#1 8.25 3/15/2057 0.13
      CVI-SUBSER CW NT FRN 11/1/2043 0.13
      SAN DIEGO CNTY CA-B 4 7/1/2051 0.12
      MATCHING FUND SPL-A 5 10/1/2032 0.12
      PA TPK COMM-A-REF 3 12/1/2051 0.12
      NJ TRANSPRTN TRUST-CC 5 6/15/2042 0.12
      ILLINOIS ST-B 5 5/1/2038 0.12
      LOMPOC UNIF SD-A 5.25 8/1/2054 0.12
      COLUMBIA-BRAZORIA ISD 5 2/1/2044 0.12
      NY CITY TRANS FIN-F-1 5 2/1/2046 0.12
      MIAMI-DADE CO EDU FAC 5 4/1/2045 0.12
      HOUSTON TX ARPT SYS R 4 7/15/2041 0.12
      NEW JERSEY ECON DEV 6.625 1/1/2045 0.12
      ILLINOIS ST-B 5.25 5/1/2045 0.12
      RESTRUCTURED-SER A-2 4.329 7/1/2040 0.12
      DENVER URBAN RENWL-A 5.25 12/1/2039 0.05
      HILLSBOROUGH CNTY FL 4 8/1/2045 0.12
      CALIFORNIA CMNTY HSG 3 8/1/2056 0.12
      MA BAY TRANS AUTH-A-2 5 7/1/2052 0.12
      ILLINOIS ST-B 5.25 5/1/2049 0.12
      GUAM GOVT WTRWKS AUTH 5 1/1/2050 0.11
      WA ST HSG FIN COMM-2N 4.8 12/1/2043 0.11
      CHESAPEAKE-B-CONV CAB 4.875 7/15/2040 0.11
      FAIRFAX CNTY SWR REV 5 7/15/2054 0.11
      RESORT CORE PUB DT#1 5.875 3/1/2057 0.11
      LANCASTER CO HOSP AUT 5 11/1/2046 0.11
      CALIFORNIA ST MUNI FI 5 5/15/2043 0.11
      MTEMS 2023-08FN PT 4.8 7/1/2045 0.11
      CAPITAL TRUST AUTH-A 5 6/1/2039 0.11
      MIAMI-DADE CNTY FL HL 5 8/1/2042 0.11
      MA DEV FIN-K1 5 10/1/2036 0.11
      CA EDUCTNL FACS-A 5 4/1/2042 0.11
      AZ INDL DEV EDU-B 5.625 7/1/2048 0.11
      CA STATEWIDE CMNTY 5 5/15/2040 0.11
      OHIO-AMT-PORTSMOUTH 5 12/31/2039 0.11
      MI FIN AUTH -A -REF-C 4 6/1/2040 0.11
      PR SALES TAX FING-A1 0 7/1/2046 0.11
      MA DEV FIN AGY 5 10/1/2046 0.11
      CO EDUCTNL & CULT FAC 5.75 4/1/2059 0.11
      MILITARY INSTALLATION 4 6/1/2041 0.11
      CA STWD DEV AUTH-A 6.125 9/2/2048 0.11
      AZ INDL DEV AUTH -A 4 6/1/2044 0.11
      NEW YORK TRANSPRTN-A 4 12/1/2039 0.11
      SIERRA VISTA INDL DEV 5 6/15/2064 0.11
      CA MUNI FIN AUTH-A 5 7/1/2052 0.11
      MILITARY INSTALLATION 4 6/1/2052 0.10
      HOUSTON-B-AMT-REV 5.5 7/15/2039 0.11
      IDAHO ST HLTH FACS AU 4 3/1/2046 0.11
      SAN DIEGO CNTY CA-B 4 7/1/2046 0.11
      HALIFAX HOSP MED CTR 4.25 6/1/2054 0.10
      HOUSTON-AMT-REV 5.5 7/15/2036 0.10
      VI PUB FIN AUTH-A 5 10/1/2029 0.10
      CLIFTON HGR EDU-REF 4 8/15/2049 0.10
      MUNI ELEC AUTH OF GA 4 1/1/2049 0.10
      CLIFTON HGR EDU-A 5.25 2/15/2049 0.10
      CA ST HLTH FACS AUTH 4.353 6/1/2041 0.10
      CO SPRINGS SD#11-COPS 5.25 12/15/2048 0.10
      DANBURY HGR EDU AUTH 5 8/15/2039 0.10
      MONROE CO INDL DEV CO 5 7/1/2054 0.10
      PORT AUTH OF NEW YORK 5 10/15/2030 0.10
      ARLINGTON TX HGR EDU 5 8/15/2048 0.10
      LANCASTER CO HOSP AUT 5 11/1/2041 0.10
      MET PIER & EXPOSITION 4 12/15/2047 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
      MA H/E VAR-MUSEUM-A1 FRN 12/1/2037 0.10
      CO BRD GOVS-C-PREREFD 5 3/1/2043 0.10
      NY LIBERTY DEV CORP-A 3 11/15/2051 0.10
      PUB FIN AUTH-REF 5.25 11/15/2055 0.10
      BUILD NYC RESOURCE CO 5.25 7/1/2057 0.10
      MIDA MOUNTAIN VLG-1 5.5 6/1/2050 0.10
      BEXAR HLTH FACS-REF 5 7/15/2041 0.10
      PUB FIN AUTH-REF 5.25 6/15/2045 0.10
      DETROIT 5 4/1/2035 0.10
      CA MUNI FIN AUTH-A 5.5 9/1/2056 0.09
      DANBURY HGR EDU AUTH 4 8/15/2049 0.09
      MS DEV BANK-WTR/SWR 6.875 12/1/2040 0.09
      KY ECON DEV-A-REF 5 12/1/2047 0.09
      TULSA MUNI ARPT TRUST 6.25 12/1/2040 0.09
      FL DEV FIN CORP-A 5 6/15/2040 0.09
      AZ INDL DEV AUTH-A 5 11/1/2044 0.09
      MONTGOMERY CNTY PA HG 4 9/1/2044 0.09
      AZ IDA SR LIVING-A2 5.125 1/1/2059 0.09
      GUAM INTERNATIONAL AR 5.25 10/1/2031 0.09
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      MA DEV FIN AGY-REF 5 10/1/2057 0.09
      CLEVELAND ETC PORT 5.5 12/1/2043 0.09
      OHIO ST-E-REV-REF 4 1/15/2038 0.09
      MIDA MOUNTAIN VLG-2 STEP-CPN 6/1/2043 0.09
      NY ST TWY AUTH-P-REV 5.25 1/1/2054 0.09
      PALM BEACH CO-REV-A 5.75 10/1/2055 0.09
      NYC INDL DEV AGY-A 3 1/1/2040 0.09
      NYC TRANSITIONAL-S-1A 3 7/15/2039 0.09
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      LEHIGH CO AUTH-REF 5.25 2/1/2054 0.09
      MISSION ECON CORP-REV FRN 12/1/2064 0.09
      ARIZONA ST IDA-A 5 7/15/2049 0.09
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      CA INFRASTRUCTURE-B 5 11/1/2049 0.09
      WI CENTER DIST-A-CABS 0 12/15/2046 0.09
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      PR ELEC-REF-DDD 5 7/1/2022 0.09
      WASHINGTON ST HLTH CA 5 9/1/2050 0.09
      CA INFRASTRUCTURE-B 5 11/1/2054 0.09
      WEST VIRGINIA ST HOSP 5 9/1/2038 0.09
      MIDA MOUNTAIN VLG-1 5.5 6/1/2055 0.09
      BUILD NYC RESOURCE CO 5.25 7/1/2052 0.09
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      MAIN STREET NATURAL-A 5 5/15/2043 0.09
      MONROE CO INDL DEV-A 4.72 1/1/2044 0.09
      AR DEV FIN AUTH 5 2/1/2035 0.09
      CA MUNI FIN AUTH-A 5 7/1/2040 0.09
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      CLEVELAND ETC PORT 5.5 12/1/2053 0.08
      MI FIN AUTH -A -REF-C 4 6/1/2038 0.08
      CALIFORNIA STWD CMNTY 5 4/1/2047 0.08
      CAPITAL TRUST AUTH-A 5 6/1/2044 0.08
      ATLANTA GA DEV AUTH 5.25 7/1/2044 0.08
      VI PUB FIN AUTH-A 5 10/1/2034 0.08
      CA MUNI FIN AUTH-A 5 10/1/2057 0.08
      MA ST DEV FIN AGY-REF 5 4/15/2040 0.08
      PR SALES TAX FING-A1 4.75 7/1/2053 0.08
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      IL FIN AUTH 5.25 4/1/2043 0.08
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      GEISINGER PA AUTH HLT 4 4/1/2039 0.08
      WEST VIRGINIA ST HOSP 5 9/1/2039 0.08
      TEXAS ST PRIV ACTIVIT 4 6/30/2039 0.08
      OHIO ST-E-REV-REF 5 1/15/2036 0.08
      LOWER CO RIVER AUTH 5 5/15/2042 0.08
      CA MUNI FIN AUTH-A 5 10/1/2049 0.08
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      MONTGOMERY CNTY OH 3 8/1/2040 0.08
      FOOTHILL ESTRN TRANSP 2.962 1/15/2046 0.08
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      MET ATLANTA-B-REV 5 7/1/2044 0.08
      SC PUB SVC-A-UNREFUND 5 12/1/2036 0.08
      LANCASTER CO HOSP AUT 5 11/1/2040 0.08
      MIDA MOUNTAIN VETERAN 5 6/1/2044 0.07
      ARIZONA ST IDA-A 5 7/15/2039 0.07
      GUAM INTERNATIONAL AR 5.375 10/1/2043 0.07
      ARLINGTON HGR EDU FIN 5 12/1/2036 0.07
      ARIZONA INDL DEV AUTH 3 2/1/2045 0.07
      SIERRA VISTA INDL DEV 5 6/15/2059 0.07
      CENTRL TX REGL MOBILI 5 1/1/2045 0.07
      ATLANTA DEV AUTH-A-1 5 4/1/2034 0.07
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      CA CMNTY CLG AUTH 5.25 5/1/2043 0.07
      S JERSEY PORT-B-AMT 5 1/1/2042 0.07
      TEXAS ST-B-VAR-REMK FRN 12/1/2043 0.07
      ONEIDA INDIAN NATION 6 9/1/2043 0.07
      AZ INDL DEV EDU-B 5.5 7/1/2038 0.07
      OROVILLE CA REVENUE 5.25 4/1/2039 0.07
      PUB FIN AUTH-REF 5.5 6/15/2055 0.07
      CHICAGO 5 11/1/2038 0.07
      DETROIT 5 4/1/2036 0.07
      DIST OF COLUMBIA REV 4 7/1/2039 0.07
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      FL ST DEV FIN CORP 5 6/1/2051 0.07
      BUILD NYC RES CORP-A 5 12/1/2041 0.07
      CHICAGO BOE-A-REF 5 12/1/2026 0.07
      DETROIT 5 4/1/2033 0.07
      PR SALES TAX FING-A1 0 7/1/2051 0.07
      CHICAGO-A-REV 5 11/1/2046 0.07
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      LANCASTER CO HOSP AUT 5 11/1/2039 0.06
      DIST OF COLUMBIA REV 4 7/1/2044 0.06
      LANCASTER CO HOSP AUT 5 11/1/2038 0.06
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      AR DEV FIN AUTH 5 2/1/2033 0.06
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      IL FIN AUTH-A-REF 5.25 4/1/2042 0.06
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      OHIO ST-E-REV-REF 4 1/15/2040 0.06
      CAPITAL TRUST AGY 5 12/15/2035 0.06
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      NEW YORK ST DORM AUTH 5.5 10/1/2054 0.06
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      POINT 1 DT#1-A-1 5.875 3/1/2045 0.06
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      CA ST MUNI FIN AUTH-A 5 9/1/2049 0.06
      CASH 0.06
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      IL FIN AUTH -REV 5 6/1/2047 0.06
      JEFFERSON CO-REF 5.25 10/1/2049 0.06
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      LOS ANGELES -C-REF 5 7/1/2055 0.06
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      TRANSBAY JT PWRS-A 5 10/1/2045 0.06
      MA DEV FIN AGY-REF 5 10/1/2037 0.06
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      ARLINGTON HGR EDU FIN 4.875 6/15/2054 0.05
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      TRANSBAY JT PWRS-A 5 10/1/2039 0.05
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      ARLINGTON HGR EDU FIN 4.875 6/15/2059 0.05
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      MA DEV FIN AGY-N-REF 5 10/1/2043 0.05
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      WASHINGTON ST HLTH CA 4 9/1/2050 0.05
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      CA SCH FIN AUTH-A 5 7/1/2047 0.05
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      ARLINGTON HGR EDU FIN 4.75 6/15/2049 0.05
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      IL FIN AUTH-A-REF 5.25 4/1/2044 0.05
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      RESTRUCTURED-SER A1 4 7/1/2041 0.05
      NTHRN CA TOBACCO-A 4 6/1/2038 0.05
      RESTRUCTURED-SER A1 4 7/1/2046 0.04
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      ARLINGTON HGR EDU FIN 4.5 6/15/2044 0.04
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      LOS ANGELES -C-REF 5 7/1/2049 0.04
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      LOWELL COLLEGIATE 5 6/15/2054 0.04
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      RESTRUCTURED-SER A1 4 7/1/2035 0.04
      WARM SPRINGS-B-REF 5 11/1/2039 0.04
      LOUISIANA ST PUB FACS 3 6/1/2050 0.04
      DETROIT 5 4/1/2030 0.04
      MET TRANS-C2-UNREFUND 5.175 11/15/2049 0.04
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      UT ST CHRT SCH FIN-A 5 4/15/2044 0.04
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      CA ST SCH FIN AUTH-A 4 8/1/2051 0.03
      CA ST MUNI FIN AUTH 5 6/1/2035 0.03
      CA SCH FIN AUTH-A 5 7/1/2037 0.03
      LATROBE INDL DEV AUTH 4 3/1/2046 0.03
      OREGON ST-A-REF 5.25 5/1/2042 0.03
      GUAM INTERNATIONAL AR 5.375 10/1/2040 0.03
      TX PUB FIN AUTH-REV 5.25 5/1/2040 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
      LATROBE INDL DEV AUTH 4 3/1/2051 0.03
      TAMPA -A -REV -CABS 0 9/1/2049 0.03
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      A.B WON PAT AUTH-A 5 10/1/2032 0.03
      CA MUNI FIN AUTH-A 5.25 9/1/2055 0.03
      DAYTON-MONTGOMERY-REV 5 12/1/2044 0.03
      FL DEV FIN IMAGINE 5 12/15/2034 0.03
      FL DEV FIN IMAGINE 5 12/15/2039 0.03
      MI TOB SETTLMT-CABS-C 0 6/1/2058 0.03
      NTHRN CA TOBACCO-A 4 6/1/2037 0.03
      BUILD NYC RESOURCE-A 5 6/1/2032 0.03
      TAMPA -A -REV -CABS 0 9/1/2041 0.03
      BUILD NYC RES CORP -A 4 6/15/2041 0.03
      MASSACHUSETTS ST DEV 4 10/1/2045 0.03
      CA ST SCH FIN AUTH-A 4 8/1/2041 0.03
      TAMPA -A -REV -CABS 0 9/1/2042 0.03
      VERNON-A-REF -REV 5 8/1/2039 0.03
      RESTRUCTURED-SER A1 5.625 7/1/2027 0.03
      VERNON-A-REF -REV 5 8/1/2041 0.03
      PR SALES TAX FING-A1 0 7/1/2033 0.03
      ARIZONA INDL DEV AUTH 4 12/15/2041 0.02
      INDIANA FIN AUTH-A 5 6/1/2033 0.02
      FL DEV FIN IMAGINE 4 12/15/2029 0.02
      PR SALES TAX FING-A1 0 7/1/2031 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
      PENNSYLVANIA ST ECON 6.5 12/1/2038 0.02
      PR SALES TAX FING-A1 0 7/1/2029 0.02
      BUILD NYC RES CORP -A 4 6/15/2056 0.02
      INDIANA FIN AUTH-A 5 6/1/2032 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
      DEKALB CO DEV AUTH -A 5 6/1/2050 0.02
      CA ST SCH FIN AUTH-A 4 8/1/2036 0.02
      GUAM INTERNATIONAL AR 5.25 10/1/2035 0.02
      CA SCH FIN-REV-REF 5 7/1/2039 0.01
      DEKALB CO DEV AUTH -A 5 6/1/2040 0.01
      US ULTRA BOND CBT Sep26 0.01
      LA PUB FAC-A-PREREFD 4 4/1/2050 0.01
      CALIFORNIA PUBLIC FIN 5 11/15/2051 0.01
      BUILD NYC RESOURCE-A 2.5 6/15/2031 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
      CVI-HTA 98 SR CLAIM FRN 11/1/2051 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
      CAPITAL TRUST AGY-A1 5 7/1/2048 0.01
      A.B WON PAT AUTH-B 5 10/1/2041 0.01
      NTHRN CA TOBACCO-A 4 6/1/2040 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 5.25 10/1/2038 0.01
      A.B WON PAT AUTH-A 5 10/1/2034 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
      CA CMNTY HSG AGY-A 5 2/1/2050 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

          Performance Metrics

          Overall Morningstar Rating

          MORNINGSTAR CATEGORY Municipal National Intermediate

          Morningstar Rating™ as of 06/30/26. Overall rating for the Municipal National Intermediate. Fund ratings are out of 5 Stars: Overall 4 Stars (256 funds rated); 3 Yrs. 4 Stars (256 funds rated); 5 Yrs. 3 Stars (239 funds rated); 10 Yrs. 5 Stars (177 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
            101 out of 261
          • 3 Year
            40 out of 248
          • 5 Year
            42 out of 240
          • 10 Year
            12 out of 179

          LIPPER CLASSIFICATION General & Insured Municipal Debt Funds

          Lipper Category returns and rankings as of 06/30/26, 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  06/30/26  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          BMOP
          		5.85 0.78 1.03 96.48 -0.01

          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
          07/01/26 07/01/26 07/07/26 0.0795 0.0000 0.0000 0.0000 0.0795
          (Values Listed In $)EX DATE RECORD DATE PAYABLE DATE DIVIDEND INCOME SHORT-TERM 
          CAPITAL GAIN          		 LONG-TERM 
          CAPITAL GAIN          		 RETURN OF CAPITAL TOTAL DISTRIBUTION
          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

          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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