MOTMX

About MOTMX

The BNY Mellon Municipal Opportunities Fund Class M is a mutual fund designed to maximize total return through a combination of high current income exempt from federal income tax and capital appreciation. This fund primarily invests at least 80% of its assets in U.S. dollar-denominated municipal bonds, which are debt securities issued by states, territories, or their respective agencies and authorities, offering tax-exempt income to investors. It may invest up to 20% in taxable fixed-income securities, providing some flexibility in portfolio construction. With a broadly diversified portfolio—typically holding hundreds of municipal securities—it targets intermediate-term maturities, reflected in an average effective duration of approximately 6.6 years and an average effective maturity of about 17.6 years. Monthly dividend distributions and a focus on higher-credit-quality, investment-grade bonds make it relevant for investors seeking stable, tax-advantaged income. The fund plays a key role in the municipal bond market and is notable for its size, with over $2 billion in assets under management, and its competitive track record in the "Municipal National Intermediate" category. Its primary purpose is to deliver a blend of income and moderate growth, serving individuals and institutions aiming for efficient tax-exempt income allocation in diversified portfolios.