Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.
BNY Mellon Municipal Opportunities Inv MOTIX
- NAV / 1-Day Return 12.52 / +0.25 %
- Total Assets 2.0 Bil
-
Adj. Expense Ratio
- Expense Ratio 1.000%
- Distribution Fee Level High
- Share Class Type No Load
- Category Muni National Interm
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 10,000
- Status Open
- TTM Yield 3.17%
- Effective Duration 6.60 years
USD | NAV as of Jun 13, 2024 | 1-Day Return as of Jun 13, 2024, 10:17 PM GMT+0
Morningstar’s Analysis MOTIX
Will MOTIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 6.7
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
CLIFTON TEX HIGHER ED FIN CORP ED REV 6.125% | 0.94 | 18.3 Mil | municipal |
INTERMOUNTAIN PWR AGY UTAH PWR SUPPLY REV 5% | 0.84 | 16.3 Mil | municipal |
PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5% | 0.82 | 15.9 Mil | municipal |
AUSTIN TEX ARPT SYS REV 5% | 0.68 | 13.3 Mil | municipal |
HAMPTON RDS TRANSN ACCOUNTABILITY COMMN VA HAMPTON RDS TRANSN FD REV 4% | 0.63 | 12.3 Mil | municipal |
UNIVERSITY TEX PERM UNIV FD 5% | 0.59 | 11.4 Mil | municipal |
WASHINGTON ST 5% | 0.57 | 11.1 Mil | municipal |
CHICAGO ILL BRD ED 7% | 0.56 | 10.8 Mil | municipal |
ILLINOIS ST TOLL HWY AUTH TOLL HIGHWAY REV 5.25% | 0.56 | 10.8 Mil | municipal |
TRIBOROUGH BRDG & TUNL AUTH N Y SALES TAX REV 5.25% | 0.55 | 10.7 Mil | municipal |