MMBIX – BNY Mellon MA Interm Muni Bd Inv Investment Strategy | Morningstar

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Strategy

The investment seeks as high a level of income exempt from federal and Massachusetts state income taxes as is consistent with the preservation of capital. The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that provide income exempt from federal and Massachusetts state personal income taxes. Generally, its average effective portfolio maturity will be between three and ten years and the average effective duration of the fund's portfolio will not exceed eight years. The fund may invest in individual municipal and taxable bonds of any maturity or duration.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
MMBMX	BNY Mellon MA Intermediate Municipal Bond Fund Class M	No Load	Open			Feb 1, 1993	$87.70M	0.630%	Above Average	$10,000	−$20.50M
MMBIX	BNY Mellon MA Intermediate Municipal Bond Fund Class Investor	Institutional	Open			Sep 24, 1985	$9.57M	0.880%	High	$1M	$2.22M

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