BNY Mellon Municipal Opportunities ETF

Frequently Asked Questions About BMOP

What does BMOP invest in?

To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in U.S. dollar-denominated fixed-income securities that provide income exempt from federal personal income tax (municipal bonds). It may invest up to 20% of its assets in taxable fixed-income securities, including taxable municipal bonds and non-U.S. dollar-denominated foreign debt securities such as Brady bonds and sovereign debt obligations.

What is the expense ratio of BMOP?

BNY Mellon Municipal Opportunities ETF (BMOP) charges an expense ratio of 0.54%. This is the annual fee deducted from fund assets to cover management and operations.

What is BMOP's dividend yield?

BMOP's trailing-twelve-month yield is 2.25%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of BMOP?

Effective duration measures BMOP's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BMOP's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of BMOP?

BMOP's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of BMOP?

Yield to maturity (YTM) is the total return you'd earn from BMOP if every bond in the portfolio is held to maturity at the current price. BMOP's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.