MMBIX

About MMBIX

BNY Mellon Massachusetts Intermediate Municipal Bond Fund Class Investor is an open‑end municipal bond mutual fund focused on generating income that is exempt from federal and Massachusetts personal income taxes. The fund primarily invests at least 80% of assets in Massachusetts municipal debt, targeting an intermediate profile with an average effective portfolio maturity typically between three and ten years and a duration cap of eight years, balancing income generation with capital preservation. It holds a diversified mix of investment‑grade municipal issuers tied to state and local projects such as education, transportation, healthcare, and essential services, reflecting the fiscal dynamics of Massachusetts’ public finance market. Managed since 2006 within the BNY Mellon complex, the strategy distributes income on a monthly basis and benchmarks performance against broad municipal indices and state‑specific peers in the Muni Massachusetts category. Its role in the market is to provide tax‑advantaged current income for Massachusetts taxpayers while offering interest‑rate sensitivity aligned with intermediate municipal bond risk characteristics.