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Morningstar

BNY Mellon PA Interm Muni Bd Inv MIPAX

Morningstar Medalist Rating
Medalist Rating as of | See BNY Mellon Investment Hub
  • NAV / 1-Day Return 11.41  /  +0.01 %
  • Total Assets 93.5 Mil
  • Adj. Expense Ratio
    0.840%
  • Expense Ratio 0.840%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Muni Pennsylvania
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 10,000
  • Status Open
  • TTM Yield 2.11%
  • Effective Duration 4.48 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 PM GMT+0

Morningstar’s Analysis MIPAX

Will MIPAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MIPAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MIPAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MIPAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

BNY Mellon PA Interm Muni Bd Inv boasts strong People and Process Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MIPAX

More MIPAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 19.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NEW YORK LIBERTY DEV CORP LIBERTY REV 5%

2.23 2.3 Mil
municipal

UNIV PITTSBURGH OF THE COMWLTH SYS OF HIGHER ED PA 5%

2.09 2.1 Mil
municipal

PENNSYLVANIA ST TPK COMMN TPK REV 3.7%

2.08 2.1 Mil
municipal

PENNSYLVANIA ST UNIV 5%

2.07 2.1 Mil
municipal

PENNSYLVANIA ST HIGHER EDL FACS AUTH REV 5%

1.90 1.9 Mil
municipal

PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV 4.95%

1.83 1.8 Mil
municipal

PENNSYLVANIA ST TPK COMMN TPK REV 3.7%

1.71 1.7 Mil
municipal

SUSQUEHANNA TWP PA SCH DIST 3%

1.70 1.7 Mil
municipal

NORTHAMPTON CNTY PA GEN PURP AUTH HOSP REV 5%

1.68 1.7 Mil
municipal

SOUTHEASTERN PA TRANSN AUTH REV 5%

1.68 1.7 Mil
municipal