Fund Evaluator:
BNY Mellon MA Interm Muni Bd M (MMBMX)
Follow This Fund
Best Performing in Muni Massachusetts Over the Last Year
| 8.2% | Vanguard MA Tax-Exempt Inv (VMATX) |
| 6.8% | Fidelity Massachusetts Municipal Income (FDMMX) |
| 5.4% | BNY Mellon MA Interm Muni Bd M (MMBMX) |
| 5.3% | Columbia Massachusetts Itmt MuncplBdInst (SEMAX) |
Fund Details
BNY Mellon MA Interm Muni Bd M Overview
BNY Mellon MA Interm Muni Bd M (MMBMX) is an actively managed Municipal Bond Muni Massachusetts fund. BNY Mellon Funds launched the fund in 1993.
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.
About BNY Mellon MA Interm Muni Bd M (MMBMX)
There are 2 members of the management team with an average tenure of 10.31 years: Gregory Conant (2026), Mary O'Brien (2006). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P Municipal Bond TR index with a weighting of 100% and S&P Municipal Bond Inv Grd Intmdt TR USD index with a weighting of 100%. BNY Mellon MA Interm Muni Bd M has 101 securities in its portfolio. The top 10 holdings constitute 22.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
BNY Mellon MA Interm Muni Bd M is part of the Fixed Income global asset class and is within the Municipal Bond fund group. BNY Mellon MA Interm Muni Bd M has 4.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 97.8% (93.5% domestic bond, 4.4% foreign bond and 0.0% convertible bond). BNY Mellon MA Interm Muni Bd M has 2.2% of the portfolio in cash.
Assets Under Management
The fund has $98 million in total assets, which is below the $217 million average for the Muni Massachusetts category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MMBMX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The BNY Mellon MA Interm Muni Bd M expense ratio is above average compared to funds in the Muni Massachusetts category. BNY Mellon MA Interm Muni Bd M has an expense ratio of 0.63%, which is 23% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. BNY Mellon MA Interm Muni Bd M has a portfolio turnover rate of 48%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 25% for the Muni Massachusetts category.
Recently, in the month of June 2026, BNY Mellon MA Interm Muni Bd M returned 0.4%, which earned it a grade of F, as the Muni Massachusetts category had an average return of 0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
BNY Mellon MA Interm Muni Bd M has a trailing yield of 2.44%, which is below the 2.91% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
BNY Mellon MA Interm Muni Bd M Grades
Year to date, the fund has returned 1.2%, 1.1 percentage points worse than the category, which translates into a grade of F. The fund has returned 5.4% over the past year (grade of F), 3.5% over the past three years (grade of B) and 1.1% per year over the past five years (grade of A) and 1.8% per year over the past 10 years (grade of A).
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MMBMX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MMBMX Return (NAV) | 0.4% | 1.8% | 5.4% | 3.5% | 1.1% | 1.8% |
| MMBMX Grade | F | F | F | B | A | A |
| +/- Category | -0.4% | -0.6% | -1.2% | 0.2% | 0.8% | 0.5% |
| Muni Massachusetts Avg | 0.8% | 2.4% | 6.7% | 3.3% | 0.3% | 1.4% |
| MMBMX Tax Cost Ratio | na | na | 0.0% | 0.0% | 0.0% | 0.0% |
MMBMX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MMBMX Return (NAV) | 1.2% | 4.8% | 1.1% | 5.8% | -6.9% | 0.9% | 4.2% | 7.0% | 0.8% | 4.1% | -0.4% |
| MMBMX Grade | F | A | D | B | A | D | C | B | A | D | C |
| +/- Category | -1.1% | 1.6% | -0.2% | 0.3% | 3.1% | -0.3% | -0.0% | 0.2% | 0.6% | -0.4% | -0.2% |
| Muni Massachusetts Avg | 2.3% | 3.2% | 1.2% | 5.5% | -9.9% | 1.2% | 4.2% | 6.8% | 0.2% | 4.5% | -0.2% |
| Risk Measures | |
| Standard Deviation: | 4.6% |
| Total Risk Index: | 0.38 - Low |
| Category Risk Index: | 0.86 - Low |
| Category Risk Grade: | A (18% Rank) |
| Beta: | 0.81 |
| R-Squared: | 97% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 2.4% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $108 Mil |
| Fund Total Assets: | $ 98 Mil |
| Share Class Type: | M |
| Portfolio Turnover: | 48% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 20.3 years | |||
| Average Tenure: 10.3 years | |||
| Managers (Year): O'Brien Mary (2006), Conant Gregory (2026) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 101 |
| % in Top 10 Holdings: | 22.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 4.4% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 93.5% |
| Foreign Bond: | 4.4% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.2% |
Purchase Information
| Fund Family: | BNY Mellon Funds |
| Phone Number: | 800-373-9387 |
| Website: | www.bnymellon.com |
| Status: | Open |
| Inception Date: | February 1, 1993 |
| Min. Initial Purchase: | $10,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.63% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.82% |
| Share Class: | BNY Mellon MA Interm Muni Bd Inv |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
