STATEMENT OF INVESTMENTS
BNY Mellon New York AMT-Free Municipal Bond Fund
August 31, 2024 (Unaudited)
| | | | | | | | | | |
| |
Description | Coupon
Rate (%) | | Maturity
Date | | Principal
Amount ($) | | Value ($) | |
Long-Term Municipal Investments - 98.3% | | | | | |
New York - 97.6% | | | | | |
Albany Capital Resource Corp., Revenue Bonds (Equitable School Revolving Fund Obligated Group) Ser. D | | 4.00 | | 11/1/2051 | | 3,125,000 | | 3,022,599 | |
Albany Capital Resource Corp., Revenue Bonds (Equitable School Revolving Fund Obligated Group) Ser. D | | 4.00 | | 11/1/2046 | | 2,940,000 | | 2,909,882 | |
Brookhaven Local Development Corp., Revenue Bonds (Jefferson's Ferry Project) Ser. B | | 4.00 | | 11/1/2045 | | 4,020,000 | | 3,826,475 | |
Broome County Local Development Corp., Revenue Bonds, Refunding (Good Shepherd Village at Endwell Obligated Group) | | 4.00 | | 7/1/2041 | | 1,530,000 | | 1,407,998 | |
Broome County Local Development Corp., Revenue Bonds, Refunding (Good Shepherd Village at Endwell Obligated Group) | | 4.00 | | 7/1/2047 | | 1,160,000 | | 1,008,789 | |
Broome County Local Development Corp., Revenue Bonds, Refunding (United Health Services Hospitals Obligated Group) (Insured; Assured Guaranty Municipal Corp.) | | 4.00 | | 4/1/2050 | | 3,000,000 | | 2,888,641 | |
Build New York City Resource Corp., Revenue Bonds (Classical Charter School Project) | | 4.50 | | 6/15/2043 | | 700,000 | | 698,469 | |
Build New York City Resource Corp., Revenue Bonds (Classical Charter School Project) | | 4.75 | | 6/15/2053 | | 1,200,000 | | 1,191,790 | |
Build New York City Resource Corp., Revenue Bonds (NY Preparatory Charter School Project) Ser. A | | 4.00 | | 6/15/2041 | | 525,000 | a | 465,258 | |
Build New York City Resource Corp., Revenue Bonds (NY Preparatory Charter School Project) Ser. A | | 4.00 | | 6/15/2056 | | 980,000 | a | 781,344 | |
Build New York City Resource Corp., Revenue Bonds (NY Preparatory Charter School Project) Ser. A | | 4.00 | | 6/15/2051 | | 2,940,000 | a | 2,407,217 | |
Build New York City Resource Corp., Revenue Bonds (Sustainable Bond) (KIPP NYC Public Charter Schools) | | 5.25 | | 7/1/2057 | | 4,000,000 | | 4,162,878 | |
Build New York City Resource Corp., Revenue Bonds (Sustainable Bond) (KIPP NYC Public Charter Schools) | | 5.25 | | 7/1/2052 | | 4,000,000 | | 4,173,328 | |
Build New York City Resource Corp., Revenue Bonds, Refunding (Q Student Residences Project) Ser. A | | 5.00 | | 6/1/2038 | | 1,000,000 | | 1,000,695 | |
Hempstead Town Local Development Corp., Revenue Bonds, Refunding (Molloy College Project) | | 5.00 | | 7/1/2039 | | 1,200,000 | | 1,210,763 | |
Hempstead Town Local Development Corp., Revenue Bonds, Refunding (Molloy College Project) | | 5.00 | | 7/1/2034 | | 810,000 | | 827,516 | |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
| | | | | | | | | | |
| |
Description | Coupon
Rate (%) | | Maturity
Date | | Principal
Amount ($) | | Value ($) | |
Long-Term Municipal Investments - 98.3% (continued) | | | | | |
New York - 97.6% (continued) | | | | | |
Hudson Yards Infrastructure Corp., Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A | | 4.00 | | 2/15/2047 | | 7,000,000 | | 6,864,374 | |
Hudson Yards Infrastructure Corp., Revenue Bonds, Refunding, Ser. A | | 5.00 | | 2/15/2039 | | 5,000,000 | | 5,191,780 | |
Long Island Power Authority, Revenue Bonds | | 5.00 | | 9/1/2047 | | 4,000,000 | | 4,154,393 | |
Long Island Power Authority, Revenue Bonds, Refunding, Ser. A | | 4.00 | | 9/1/2037 | | 2,150,000 | | 2,263,078 | |
Long Island Power Authority, Revenue Bonds, Refunding, Ser. A | | 4.00 | | 9/1/2038 | | 2,900,000 | | 3,025,624 | |
Long Island Power Authority, Revenue Bonds, Refunding, Ser. A | | 4.00 | | 9/1/2041 | | 2,030,000 | | 2,082,124 | |
Long Island Power Authority, Revenue Bonds, Refunding, Ser. A | | 4.00 | | 9/1/2039 | | 3,000,000 | | 3,106,376 | |
Long Island Power Authority, Revenue Bonds, Refunding, Ser. A | | 5.00 | | 9/1/2036 | | 1,500,000 | | 1,668,918 | |
Long Island Power Authority, Revenue Bonds, Refunding, Ser. A | | 5.00 | | 9/1/2037 | | 2,000,000 | | 2,219,586 | |
Long Island Power Authority, Revenue Bonds, Refunding, Ser. B | | 5.00 | | 9/1/2036 | | 7,000,000 | | 7,248,264 | |
Long Island Power Authority, Revenue Bonds, Ser. B | | 5.00 | | 9/1/2045 | | 3,000,000 | | 3,037,693 | |
Long Island Power Authority, Revenue Bonds, Ser. B | | 5.00 | | 9/1/2037 | | 1,700,000 | | 1,729,024 | |
Metropolitan Transportation Authority, Revenue Bonds (Sustainable Bond) Ser. A | | 5.00 | | 11/15/2037 | | 9,825,000 | | 10,224,212 | |
Metropolitan Transportation Authority, Revenue Bonds (Sustainable Bond) Ser. A | | 5.00 | | 11/15/2038 | | 5,920,000 | | 6,152,784 | |
Metropolitan Transportation Authority, Revenue Bonds, Refunding (Sustainable Bond) (Insured; Build America Mutual) Ser. A | | 4.00 | | 11/15/2048 | | 7,240,000 | | 7,091,062 | |
Metropolitan Transportation Authority, Revenue Bonds, Refunding (Sustainable Bond) Ser. C1 | | 5.00 | | 11/15/2050 | | 5,000,000 | | 5,221,145 | |
Metropolitan Transportation Authority, Revenue Bonds, Refunding, Ser. B | | 5.00 | | 11/15/2037 | | 4,750,000 | | 4,893,536 | |
Metropolitan Transportation Authority, Revenue Bonds, Refunding, Ser. C1 | | 5.00 | | 11/15/2046 | | 10,000,000 | | 10,228,035 | |
Metropolitan Transportation Authority, Revenue Bonds, Refunding, Ser. C1 | | 5.00 | | 11/15/2035 | | 2,500,000 | | 2,546,601 | |
Metropolitan Transportation Authority, Revenue Bonds, Refunding, Ser. C1 | | 5.00 | | 11/15/2034 | | 2,260,000 | | 2,303,197 | |
Metropolitan Transportation Authority, Revenue Bonds, Ser. D1 | | 5.25 | | 11/15/2044 | | 7,000,000 | | 7,019,280 | |
Metropolitan Transportation Authority Hudson Rail Yards Trust, Revenue Bonds, Refunding, Ser. A | | 5.00 | | 11/15/2051 | | 7,000,000 | | 7,009,510 | |
| | | | | | | | | | |
| |
Description | Coupon
Rate (%) | | Maturity
Date | | Principal
Amount ($) | | Value ($) | |
Long-Term Municipal Investments - 98.3% (continued) | | | | | |
New York - 97.6% (continued) | | | | | |
Monroe County Industrial Development Corp., Revenue Bonds (Rochester University Project) Ser. A | | 5.00 | | 7/1/2053 | | 3,500,000 | | 3,816,801 | |
Monroe County Industrial Development Corp., Revenue Bonds (The Rochester General Hospital) | | 5.00 | | 12/1/2035 | | 1,150,000 | | 1,176,697 | |
Monroe County Industrial Development Corp., Revenue Bonds (The Rochester General Hospital) | | 5.00 | | 12/1/2034 | | 1,100,000 | | 1,126,933 | |
Monroe County Industrial Development Corp., Revenue Bonds (The Rochester General Hospital) | | 5.00 | | 12/1/2046 | | 2,500,000 | | 2,520,902 | |
Monroe County Industrial Development Corp., Revenue Bonds, Refunding (Rochester Regional Health Project) | | 4.00 | | 12/1/2046 | | 1,555,000 | | 1,429,845 | |
Monroe County Industrial Development Corp., Revenue Bonds, Refunding (St. John Fisher University Project) | | 5.25 | | 6/1/2054 | | 1,685,000 | | 1,829,638 | |
Monroe County Industrial Development Corp., Revenue Bonds, Refunding (University of Rochester Project) Ser. A | | 4.00 | | 7/1/2050 | | 11,470,000 | | 11,177,747 | |
Monroe County Industrial Development Corp., Revenue Bonds, Refunding (University of Rochester Project) Ser. A | | 5.00 | | 7/1/2037 | | 1,000,000 | | 1,046,701 | |
Monroe County Industrial Development Corp., Revenue Bonds, Refunding (University of Rochester Project) Ser. A | | 5.00 | | 7/1/2035 | | 800,000 | | 840,640 | |
Monroe County Industrial Development Corp., Revenue Bonds, Refunding (University of Rochester Project) Ser. A | | 5.00 | | 7/1/2036 | | 1,000,000 | | 1,048,463 | |
New York City, GO, Refunding, Ser. C | | 5.00 | | 8/1/2034 | | 5,885,000 | | 5,931,001 | |
New York City, GO, Ser. A | | 4.13 | | 8/1/2053 | | 1,000,000 | | 986,884 | |
New York City, GO, Ser. A1 | | 5.00 | | 8/1/2037 | | 8,500,000 | | 8,760,431 | |
New York City, GO, Ser. AA1 | | 4.00 | | 8/1/2037 | | 4,000,000 | | 4,063,642 | |
New York City, GO, Ser. C | | 4.00 | | 9/1/2052 | | 1,500,000 | | 1,459,581 | |
New York City, GO, Ser. C | | 4.00 | | 8/1/2039 | | 4,500,000 | | 4,560,144 | |
New York City, GO, Ser. C | | 4.00 | | 8/1/2036 | | 5,000,000 | | 5,116,015 | |
New York City, GO, Ser. D1 | | 4.00 | | 3/1/2041 | | 5,700,000 | | 5,713,504 | |
New York City, GO, Ser. D1 | | 5.50 | | 5/1/2044 | | 1,000,000 | | 1,125,017 | |
New York City, GO, Ser. D1 | | 5.50 | | 5/1/2046 | | 1,250,000 | | 1,398,814 | |
New York City, GO, Ser. E1 | | 4.00 | | 4/1/2045 | | 4,000,000 | | 3,949,834 | |
New York City, GO, Ser. F1 | | 4.00 | | 3/1/2047 | | 3,000,000 | | 2,944,079 | |
New York City, GO, Ser. F1 | | 5.00 | | 4/1/2039 | | 3,000,000 | | 3,161,855 | |
New York City, GO, Ser. F1 | | 5.00 | | 4/1/2034 | | 2,000,000 | | 2,127,717 | |
New York City, GO, Ser. F1 | | 5.00 | | 4/1/2035 | | 3,500,000 | | 3,719,196 | |
New York City Housing Development Corp., Revenue Bonds (Sustainable Bond) (Insured; Federal Housing Administration) Ser. A1 | | 4.75 | | 11/1/2054 | | 3,500,000 | | 3,532,683 | |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
| | | | | | | | | | |
| |
Description | Coupon
Rate (%) | | Maturity
Date | | Principal
Amount ($) | | Value ($) | |
Long-Term Municipal Investments - 98.3% (continued) | | | | | |
New York - 97.6% (continued) | | | | | |
New York City Housing Development Corp., Revenue Bonds (Sustainable Bond) (Insured; Federal Housing Administration) Ser. F2 | | 0.60 | | 7/1/2025 | | 1,470,000 | b | 1,435,817 | |
New York City Housing Development Corp., Revenue Bonds (Sustainable Bond) Ser. C1A | | 4.00 | | 11/1/2053 | | 2,310,000 | | 2,120,845 | |
New York City Industrial Development Agency, Revenue Bonds, Refunding (Queens Baseball Stadium Project) (Insured; Assured Guaranty Municipal Corp.) Ser. A | | 5.00 | | 1/1/2030 | | 2,000,000 | | 2,205,343 | |
New York City Industrial Development Agency, Revenue Bonds, Refunding (Queens Baseball Stadium Project) (Insured; Assured Guaranty Municipal Corp.) Ser. A | | 5.00 | | 1/1/2031 | | 1,250,000 | | 1,393,482 | |
New York City Industrial Development Agency, Revenue Bonds, Refunding (Transportation Infrastructure Properties Obligated Group) Ser. A | | 5.00 | | 7/1/2028 | | 3,500,000 | | 3,501,038 | |
New York City Industrial Development Agency, Revenue Bonds, Refunding (Yankee Stadium Project) (Insured; Assured Guaranty Municipal Corp.) | | 4.00 | | 3/1/2032 | | 1,750,000 | | 1,828,625 | |
New York City Industrial Development Agency, Revenue Bonds, Refunding (Yankee Stadium Project) (Insured; Assured Guaranty Municipal Corp.) | | 4.00 | | 3/1/2031 | | 2,500,000 | | 2,625,001 | |
New York City Industrial Development Agency, Revenue Bonds, Refunding (Yankee Stadium Project) (Insured; Assured Guaranty Municipal Corp.) | | 4.00 | | 3/1/2045 | | 5,000,000 | | 4,891,418 | |
New York City Municipal Water Finance Authority, Revenue Bonds, Refunding | | 4.00 | | 6/15/2050 | | 1,500,000 | | 1,473,565 | |
New York City Municipal Water Finance Authority, Revenue Bonds, Refunding | | 5.00 | | 6/15/2040 | | 8,000,000 | | 8,640,178 | |
New York City Municipal Water Finance Authority, Revenue Bonds, Refunding, Ser. CC1 | | 5.00 | | 6/15/2038 | | 3,595,000 | | 3,733,871 | |
New York City Municipal Water Finance Authority, Revenue Bonds, Refunding, Ser. CC2 | | 4.00 | | 6/15/2041 | | 7,500,000 | | 7,511,788 | |
New York City Municipal Water Finance Authority, Revenue Bonds, Refunding, Ser. HH | | 5.00 | | 6/15/2039 | | 5,000,000 | | 5,063,354 | |
New York City Municipal Water Finance Authority, Revenue Bonds, Ser. AA1 | | 4.00 | | 6/15/2051 | | 1,500,000 | | 1,470,612 | |
New York City Municipal Water Finance Authority, Revenue Bonds, Ser. CC1 | | 5.25 | | 6/15/2054 | | 10,000,000 | | 11,154,986 | |
New York City Municipal Water Finance Authority, Revenue Bonds, Ser. DD | | 5.00 | | 6/15/2047 | | 4,000,000 | | 4,133,098 | |
New York City Municipal Water Finance Authority, Revenue Bonds, Ser. DD1 | | 4.00 | | 6/15/2050 | | 7,500,000 | | 7,367,827 | |
New York City Transitional Finance Authority, Revenue Bonds (Future Tax) Ser. DS | | 4.00 | | 11/1/2039 | | 3,585,000 | | 3,648,474 | |
| | | | | | | | | | |
| |
Description | Coupon
Rate (%) | | Maturity
Date | | Principal
Amount ($) | | Value ($) | |
Long-Term Municipal Investments - 98.3% (continued) | | | | | |
New York - 97.6% (continued) | | | | | |
New York City Transitional Finance Authority, Revenue Bonds (Insured; State Aid Withholding) Ser. S2 | | 5.00 | | 7/15/2040 | | 8,000,000 | | 8,117,615 | |
New York City Transitional Finance Authority, Revenue Bonds (Insured; State Aid Withholding) Ser. S3 | | 5.00 | | 7/15/2043 | | 10,760,000 | | 11,290,803 | |
New York City Transitional Finance Authority, Revenue Bonds, Refunding (Future Tax) | | 5.00 | | 11/1/2039 | | 10,000,000 | | 10,573,367 | |
New York City Transitional Finance Authority, Revenue Bonds, Refunding (Insured; State Aid Withholding) Ser. S2A | | 5.00 | | 7/15/2034 | | 1,500,000 | | 1,604,214 | |
New York City Transitional Finance Authority, Revenue Bonds, Ser. A2 | | 5.00 | | 8/1/2039 | | 5,500,000 | | 5,747,174 | |
New York City Transitional Finance Authority, Revenue Bonds, Ser. A3 | | 5.00 | | 8/1/2040 | | 9,545,000 | | 9,952,646 | |
New York City Transitional Finance Authority, Revenue Bonds, Ser. B1 | | 4.00 | | 8/1/2048 | | 5,000,000 | | 4,945,143 | |
New York City Transitional Finance Authority, Revenue Bonds, Ser. B1 | | 4.00 | | 11/1/2040 | | 5,000,000 | | 5,037,507 | |
New York City Transitional Finance Authority, Revenue Bonds, Ser. E1 | | 5.00 | | 2/1/2040 | | 4,000,000 | | 4,086,806 | |
New York Convention Center Development Corp., Revenue Bonds (Hotel Unit Fee) Ser. A | | 0.00 | | 11/15/2050 | | 18,180,000 | c | 5,295,979 | |
New York Convention Center Development Corp., Revenue Bonds (Hotel Unit Fee) Ser. B | | 0.00 | | 11/15/2046 | | 11,220,000 | c | 3,822,013 | |
New York Convention Center Development Corp., Revenue Bonds, Refunding (Hotel Unit Fee) | | 5.00 | | 11/15/2040 | | 4,500,000 | | 4,550,553 | |
New York Counties Tobacco Trust I, Revenue Bonds, Ser. A | | 6.50 | | 6/1/2035 | | 25,000 | | 25,018 | |
New York Liberty Development Corp., Revenue Bonds, Refunding (Bank of America Tower) | | 2.80 | | 9/15/2069 | | 4,000,000 | | 3,684,288 | |
New York Liberty Development Corp., Revenue Bonds, Refunding (Class 1-3 World Trade Center Project) | | 5.00 | | 11/15/2044 | | 15,000,000 | a | 15,012,556 | |
New York Liberty Development Corp., Revenue Bonds, Refunding (Goldman Sachs Headquarters) | | 5.25 | | 10/1/2035 | | 8,400,000 | | 9,821,493 | |
New York Power Authority, Revenue Bonds, Refunding (Sustainable Bond) Ser. A | | 4.00 | | 11/15/2055 | | 5,000,000 | | 4,926,870 | |
New York Power Authority, Revenue Bonds, Refunding (Sustainable Bond) Ser. A | | 4.00 | | 11/15/2050 | | 2,795,000 | | 2,743,424 | |
New York Power Authority, Revenue Bonds, Refunding, Ser. A | | 4.00 | | 11/15/2045 | | 6,890,000 | | 6,865,536 | |
New York State Dormitory Authority, Revenue Bonds | | 5.25 | | 7/1/2054 | | 2,900,000 | | 3,120,426 | |
New York State Dormitory Authority, Revenue Bonds | | 5.25 | | 7/1/2049 | | 2,300,000 | | 2,497,952 | |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
| | | | | | | | | | |
| |
Description | Coupon
Rate (%) | | Maturity
Date | | Principal
Amount ($) | | Value ($) | |
Long-Term Municipal Investments - 98.3% (continued) | | | | | |
New York - 97.6% (continued) | | | | | |
New York State Dormitory Authority, Revenue Bonds (Bidding Group) Ser. A | | 5.00 | | 3/15/2055 | | 5,650,000 | | 6,150,599 | |
New York State Dormitory Authority, Revenue Bonds (Fordham University) | | 4.00 | | 7/1/2046 | | 2,500,000 | | 2,446,843 | |
New York State Dormitory Authority, Revenue Bonds (Memorial Sloan-Kettering Cancer Center) (Insured; National Public Finance Guarantee Corp.) Ser. 1 | | 0.00 | | 7/1/2028 | | 18,335,000 | c | 16,336,694 | |
New York State Dormitory Authority, Revenue Bonds (New York University) (Insured; National Public Finance Guarantee Corp.) Ser. A | | 5.75 | | 7/1/2027 | | 16,035,000 | | 16,865,361 | |
New York State Dormitory Authority, Revenue Bonds (Rochester Institute of Technology) Ser. A | | 5.00 | | 7/1/2049 | | 2,000,000 | | 2,087,817 | |
New York State Dormitory Authority, Revenue Bonds, Refunding (Icahn School of Medicine at Mount Sinai) Ser. A | | 5.00 | | 7/1/2040 | | 3,000,000 | | 3,009,581 | |
New York State Dormitory Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A | | 4.00 | | 10/1/2036 | | 575,000 | | 584,931 | |
New York State Dormitory Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A | | 4.00 | | 10/1/2034 | | 1,125,000 | | 1,153,941 | |
New York State Dormitory Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A | | 4.00 | | 10/1/2035 | | 900,000 | | 919,241 | |
New York State Dormitory Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A | | 5.25 | | 10/1/2050 | | 2,500,000 | | 2,710,920 | |
New York State Dormitory Authority, Revenue Bonds, Refunding (Memorial Sloan-Kettering Cancer Center) Ser. 1 | | 5.00 | | 7/1/2042 | | 1,000,000 | | 1,038,945 | |
New York State Dormitory Authority, Revenue Bonds, Refunding (Montefiore Obligated Group) Ser. A | | 5.00 | | 8/1/2034 | | 2,010,000 | | 2,077,465 | |
New York State Dormitory Authority, Revenue Bonds, Refunding (Montefiore Obligated Group) Ser. A | | 5.00 | | 8/1/2033 | | 2,000,000 | | 2,069,812 | |
New York State Dormitory Authority, Revenue Bonds, Refunding (Montefiore Obligated Group) Ser. A | | 5.00 | | 8/1/2035 | | 2,800,000 | | 2,886,827 | |
New York State Dormitory Authority, Revenue Bonds, Refunding (New School) Ser. A | | 4.00 | | 7/1/2052 | | 4,400,000 | | 4,192,161 | |
New York State Dormitory Authority, Revenue Bonds, Refunding (New York University) Ser. A | | 4.00 | | 7/1/2046 | | 8,130,000 | | 7,995,319 | |
New York State Dormitory Authority, Revenue Bonds, Refunding (North Shore Long Island Jewish) Ser. A | | 5.00 | | 5/1/2043 | | 4,000,000 | | 4,012,763 | |
| | | | | | | | | | |
| |
Description | Coupon
Rate (%) | | Maturity
Date | | Principal
Amount ($) | | Value ($) | |
Long-Term Municipal Investments - 98.3% (continued) | | | | | |
New York - 97.6% (continued) | | | | | |
New York State Dormitory Authority, Revenue Bonds, Refunding (NYU Hospitals Center) | | 5.00 | | 7/1/2032 | | 500,000 | | 515,556 | |
New York State Dormitory Authority, Revenue Bonds, Refunding (St. John's University) Ser. A | | 4.00 | | 7/1/2048 | | 3,775,000 | | 3,606,698 | |
New York State Dormitory Authority, Revenue Bonds, Refunding (The New School Project) Ser. A | | 5.00 | | 7/1/2036 | | 2,000,000 | | 2,063,662 | |
New York State Dormitory Authority, Revenue Bonds, Refunding (The New School) | | 5.00 | | 7/1/2040 | | 5,200,000 | | 5,237,774 | |
New York State Dormitory Authority, Revenue Bonds, Refunding (The New School) Ser. A | | 5.00 | | 7/1/2040 | | 1,000,000 | | 1,083,256 | |
New York State Dormitory Authority, Revenue Bonds, Refunding (The New School) Ser. A | | 5.00 | | 7/1/2041 | | 1,000,000 | | 1,079,098 | |
New York State Dormitory Authority, Revenue Bonds, Refunding (The New School) Ser. A | | 5.00 | | 7/1/2042 | | 1,325,000 | | 1,425,956 | |
New York State Dormitory Authority, Revenue Bonds, Refunding, Ser. A | | 4.00 | | 3/15/2049 | | 6,930,000 | | 6,818,463 | |
New York State Dormitory Authority, Revenue Bonds, Refunding, Ser. A | | 4.00 | | 3/15/2054 | | 5,000,000 | | 4,865,674 | |
New York State Dormitory Authority, Revenue Bonds, Refunding, Ser. A | | 5.00 | | 3/15/2037 | | 5,000,000 | | 5,374,954 | |
New York State Dormitory Authority, Revenue Bonds, Refunding, Ser. A | | 5.00 | | 7/1/2041 | | 2,200,000 | | 2,246,772 | |
New York State Dormitory Authority, Revenue Bonds, Refunding, Ser. A | | 4.00 | | 3/15/2029 | | 5,000 | d | 5,326 | |
New York State Dormitory Authority, Revenue Bonds, Refunding, Ser. C | | 4.00 | | 7/1/2036 | | 1,964,000 | | 2,045,816 | |
New York State Dormitory Authority, Revenue Bonds, Refunding, Ser. C | | 4.00 | | 7/1/2037 | | 986,000 | | 1,020,060 | |
New York State Dormitory Authority, Revenue Bonds, Refunding, Ser. D | | 4.00 | | 2/15/2038 | | 6,000,000 | | 6,128,263 | |
New York State Dormitory Authority, Revenue Bonds, Refunding, Ser. E | | 5.00 | | 3/15/2036 | | 5,000,000 | | 5,648,070 | |
New York State Dormitory Authority, Revenue Bonds, Ser. A | | 5.00 | | 3/15/2044 | | 5,000,000 | | 5,146,437 | |
New York State Dormitory Authority, Revenue Bonds, Ser. F | | 5.00 | | 2/15/2039 | | 5,840,000 | | 5,883,257 | |
New York State Energy Research & Development Authority, Revenue Bonds, Refunding (New York State Electric & Gas Corp.) Ser. C | | 4.00 | | 4/1/2034 | | 1,000,000 | | 1,015,604 | |
New York State Environmental Facilities Corp., Revenue Bonds, Refunding, Ser. A | | 5.00 | | 6/15/2041 | | 15,000,000 | | 15,443,425 | |
New York State Housing Finance Agency, Revenue Bonds (Sustainable Bond) Ser. C2 | | 3.80 | | 5/1/2029 | | 4,000,000 | b | 4,027,994 | |
New York State Mortgage Agency, Revenue Bonds, Ser. 223 | | 3.50 | | 4/1/2049 | | 1,130,000 | | 1,126,952 | |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
| | | | | | | | | | |
| |
Description | Coupon
Rate (%) | | Maturity
Date | | Principal
Amount ($) | | Value ($) | |
Long-Term Municipal Investments - 98.3% (continued) | | | | | |
New York - 97.6% (continued) | | | | | |
New York State Thruway Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. B | | 4.00 | | 1/1/2050 | | 3,000,000 | | 2,954,592 | |
New York State Thruway Authority, Revenue Bonds, Refunding, Ser. A | | 4.00 | | 3/15/2051 | | 1,000,000 | | 974,629 | |
New York State Thruway Authority, Revenue Bonds, Refunding, Ser. A1 | | 4.00 | | 3/15/2055 | | 6,000,000 | | 5,811,534 | |
New York State Thruway Authority, Revenue Bonds, Ser. A | | 5.00 | | 1/1/2033 | | 2,125,000 | | 2,175,697 | |
New York State Thruway Authority, Revenue Bonds, Ser. A | | 5.00 | | 1/1/2046 | | 3,500,000 | | 3,557,888 | |
New York State Urban Development Corp., Revenue Bonds (Personal Income Tax) Ser. A | | 5.00 | | 3/15/2037 | | 4,000,000 | | 4,441,221 | |
New York Transportation Development Corp., Revenue Bonds | | 4.00 | | 10/31/2041 | | 1,750,000 | | 1,614,180 | |
New York Transportation Development Corp., Revenue Bonds | | 4.00 | | 10/31/2046 | | 2,500,000 | | 2,222,481 | |
New York Transportation Development Corp., Revenue Bonds (Delta Air Lines) | | 4.00 | | 1/1/2036 | | 1,960,000 | | 1,940,540 | |
New York Transportation Development Corp., Revenue Bonds (Delta Air Lines) | | 4.38 | | 10/1/2045 | | 7,500,000 | | 7,224,531 | |
New York Transportation Development Corp., Revenue Bonds (Delta Air Lines) | | 5.00 | | 10/1/2035 | | 3,000,000 | | 3,155,551 | |
New York Transportation Development Corp., Revenue Bonds (Delta Air Lines) | | 5.00 | | 1/1/2032 | | 4,000,000 | | 4,134,092 | |
New York Transportation Development Corp., Revenue Bonds (JFK International Air Terminal) | | 5.00 | | 12/1/2041 | | 5,000,000 | | 5,264,751 | |
New York Transportation Development Corp., Revenue Bonds (JFK International Air Terminal) | | 5.00 | | 12/1/2033 | | 1,500,000 | | 1,632,113 | |
New York Transportation Development Corp., Revenue Bonds (LaGuardia Airport Terminal B Redevelopment Project) Ser. A | | 5.00 | | 7/1/2046 | | 13,400,000 | | 13,399,477 | |
New York Transportation Development Corp., Revenue Bonds (LaGuradia Airport Terminal) | | 5.63 | | 4/1/2040 | | 2,000,000 | | 2,155,751 | |
New York Transportation Development Corp., Revenue Bonds (Sustainable Bond) (Insured; Assured Guaranty Municipal Corp.) | | 5.25 | | 6/30/2060 | | 20,000,000 | | 21,226,342 | |
New York Transportation Development Corp., Revenue Bonds (Sustainable Bond) (JFK International Airport Terminal) (Insured; Assured Guaranty Municipal Corp.) | | 5.00 | | 6/30/2049 | | 2,500,000 | | 2,605,007 | |
New York Transportation Development Corp., Revenue Bonds, Refunding (American Airlines) | | 3.00 | | 8/1/2031 | | 2,580,000 | | 2,416,571 | |
New York Transportation Development Corp., Revenue Bonds, Refunding (JFK International Air Terminal) | | 4.00 | | 12/1/2040 | | 2,500,000 | | 2,489,689 | |
| | | | | | | | | | |
| |
Description | Coupon
Rate (%) | | Maturity
Date | | Principal
Amount ($) | | Value ($) | |
Long-Term Municipal Investments - 98.3% (continued) | | | | | |
New York - 97.6% (continued) | | | | | |
New York Transportation Development Corp., Revenue Bonds, Refunding (JFK International Air Terminal) | | 4.00 | | 12/1/2042 | | 3,000,000 | | 2,968,463 | |
New York Transportation Development Corp., Revenue Bonds, Refunding (JFK International Air Terminal) Ser. A | | 5.00 | | 12/1/2033 | | 1,450,000 | | 1,550,202 | |
New York Transportation Development Corp., Revenue Bonds, Refunding (JFK International Air Terminal) Ser. A | | 5.00 | | 12/1/2032 | | 1,550,000 | | 1,660,125 | |
Niagara Area Development Corp., Revenue Bonds, Refunding (Covanta Project) Ser. A | | 4.75 | | 11/1/2042 | | 3,000,000 | a | 2,876,414 | |
Niagara Area Development Corp., Revenue Bonds, Refunding (Covanta Project) Ser. B | | 3.50 | | 11/1/2024 | | 3,250,000 | a | 3,248,889 | |
Niagara Tobacco Asset Securitization Corp., Revenue Bonds, Refunding | | 5.25 | | 5/15/2040 | | 1,750,000 | | 1,750,053 | |
Niagara Tobacco Asset Securitization Corp., Revenue Bonds, Refunding | | 5.25 | | 5/15/2034 | | 2,000,000 | | 2,000,565 | |
Oneida County Local Development Corp., Revenue Bonds (Mohawk Valley Health System Obligated Group) (Insured; Assured Guaranty Municipal Corp.) Ser. A | | 4.00 | | 12/1/2051 | | 4,000,000 | | 3,800,152 | |
Oneida County Local Development Corp., Revenue Bonds, Refunding (Mohawk Valley Health System Obligated Group) (Insured; Assured Guaranty Municipal Corp.) | | 4.00 | | 12/1/2049 | | 4,500,000 | | 4,311,334 | |
Onondaga Civic Development Corp., Revenue Bonds, Refunding (Syracuse University Project) Ser. A | | 5.00 | | 12/1/2034 | | 2,550,000 | | 2,841,649 | |
Oyster Bay, GO, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. B | | 4.00 | | 2/1/2033 | | 3,000,000 | | 3,032,303 | |
Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 195th | | 5.00 | | 10/1/2035 | | 5,000,000 | | 5,158,693 | |
Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 195th | | 5.00 | | 4/1/2036 | | 4,000,000 | | 4,122,896 | |
Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 197 | | 5.00 | | 11/15/2033 | | 4,000,000 | | 4,135,484 | |
Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 211th | | 5.00 | | 9/1/2048 | | 2,000,000 | | 2,085,526 | |
Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 222 | | 4.00 | | 7/15/2036 | | 1,000,000 | | 1,026,621 | |
Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 234 | | 5.25 | | 8/1/2047 | | 6,000,000 | | 6,450,208 | |
Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 236 | | 5.00 | | 1/15/2052 | | 1,500,000 | | 1,575,862 | |
Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 237 | | 5.00 | | 1/15/2052 | | 2,000,000 | | 2,172,949 | |
Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 238 | | 5.00 | | 7/15/2038 | | 1,000,000 | | 1,092,581 | |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
| | | | | | | | | | |
| |
Description | Coupon
Rate (%) | | Maturity
Date | | Principal
Amount ($) | | Value ($) | |
Long-Term Municipal Investments - 98.3% (continued) | | | | | |
New York - 97.6% (continued) | | | | | |
Port Authority of New York & New Jersey, Revenue Bonds, Ser. 218 | | 4.00 | | 11/1/2047 | | 4,000,000 | | 3,835,766 | |
Port Authority of New York & New Jersey, Revenue Bonds, Ser. 221 | | 5.00 | | 7/15/2035 | | 2,000,000 | | 2,154,487 | |
Port Authority of New York & New Jersey, Revenue Bonds, Ser. 93rd | | 6.13 | | 6/1/2094 | | 16,955,000 | | 16,976,380 | |
Schenectady County Capital Resource Corp., Revenue Bonds, Refunding (Union College Project) | | 5.25 | | 7/1/2052 | | 700,000 | | 772,174 | |
Suffolk County Economic Development Corp., Revenue Bonds (Catholic Health Services of Long Island Obligated Group Project) Ser. C | | 5.00 | | 7/1/2031 | | 2,370,000 | | 2,372,693 | |
Suffolk Tobacco Asset Securitization Corp., Revenue Bonds, Refunding | | 4.00 | | 6/1/2050 | | 4,000,000 | | 3,671,513 | |
The Genesee County Funding Corp., Revenue Bonds, Refunding (Rochester Regional Health Obligated Group) Ser. A | | 5.25 | | 12/1/2052 | | 2,500,000 | | 2,609,588 | |
Triborough Bridge & Tunnel Authority, Revenue Bonds (MTA Bridges & Tunnels) Ser. A | | 5.00 | | 11/15/2049 | | 3,000,000 | | 3,186,351 | |
Triborough Bridge & Tunnel Authority, Revenue Bonds (MTA Bridges & Tunnels) Ser. A | | 5.25 | | 5/15/2057 | | 7,500,000 | | 8,191,627 | |
Triborough Bridge & Tunnel Authority, Revenue Bonds, Refunding (MTA Bridges & Tunnels) Ser. A | | 4.00 | | 5/15/2051 | | 3,000,000 | | 2,951,278 | |
Triborough Bridge & Tunnel Authority, Revenue Bonds, Refunding (MTA Bridges & Tunnels) Ser. C | | 5.00 | | 11/15/2037 | | 10,000,000 | | 10,650,703 | |
Triborough Bridge & Tunnel Authority, Revenue Bonds, Refunding (MTA Bridges & Tunnels) Ser. C2 | | 5.00 | | 11/15/2042 | | 5,000,000 | | 5,206,174 | |
Triborough Bridge & Tunnel Authority, Revenue Bonds, Refunding (Sustainable Bond) | | 5.00 | | 11/15/2038 | | 5,000,000 | | 5,793,446 | |
Triborough Bridge & Tunnel Authority, Revenue Bonds, Refunding (Sustainable Bond) Ser. B1 | | 4.13 | | 5/15/2054 | | 6,790,000 | | 6,726,098 | |
Triborough Bridge & Tunnel Authority, Revenue Bonds, Refunding, Ser. A | | 5.00 | | 11/15/2046 | | 3,500,000 | | 3,580,023 | |
Triborough Bridge & Tunnel Authority, Revenue Bonds, Refunding, Ser. A | | 5.25 | | 11/15/2045 | | 1,500,000 | | 1,517,279 | |
Triborough Bridge & Tunnel Authority, Revenue Bonds, Ser. A | | 5.00 | | 11/15/2042 | | 3,000,000 | | 3,104,494 | |
Triborough Bridge & Tunnel Authority, Revenue Bonds, Ser. A1 | | 4.13 | | 5/15/2064 | | 12,500,000 | | 12,217,239 | |
Triborough Bridge & Tunnel Authority, Revenue Bonds, Ser. C1A | | 4.00 | | 5/15/2046 | | 4,000,000 | | 3,964,455 | |
Triborough Bridge & Tunnel Authority, Revenue Bonds, Ser. C3 | | 3.00 | | 5/15/2051 | | 10,500,000 | | 8,241,332 | |
TSASC, Revenue Bonds, Refunding, Ser. A | | 5.00 | | 6/1/2041 | | 18,000,000 | | 18,354,420 | |
TSASC, Revenue Bonds, Refunding, Ser. A | | 5.00 | | 6/1/2032 | | 5,000,000 | | 5,189,095 | |
| | | | | | | | | | |
| |
Description | Coupon
Rate (%) | | Maturity
Date | | Principal
Amount ($) | | Value ($) | |
Long-Term Municipal Investments - 98.3% (continued) | | | | | |
New York - 97.6% (continued) | | | | | |
TSASC, Revenue Bonds, Refunding, Ser. B | | 5.00 | | 6/1/2045 | | 6,100,000 | | 5,521,874 | |
Utility Debt Securitization Authority, Revenue Bonds | | 5.00 | | 12/15/2041 | | 7,000,000 | | 7,335,595 | |
Utility Debt Securitization Authority, Revenue Bonds, Refunding | | 5.00 | | 12/15/2035 | | 19,500,000 | | 19,959,991 | |
Westchester County Local Development Corp., Revenue Bonds (New York Blood Center Project) | | 5.00 | | 7/1/2038 | | 1,700,000 | | 1,871,960 | |
Westchester County Local Development Corp., Revenue Bonds, Refunding (Miriam Osborn Memorial Home Association Obligated Group) | | 5.00 | | 7/1/2034 | | 200,000 | | 208,145 | |
Westchester County Local Development Corp., Revenue Bonds, Refunding (Miriam Osborn Memorial Home Association Obligated Group) | | 5.00 | | 7/1/2042 | | 450,000 | | 461,751 | |
Westchester County Local Development Corp., Revenue Bonds, Refunding (Miriam Osborn Memorial Home Association Obligated Group) | | 5.00 | | 7/1/2027 | | 270,000 | | 280,033 | |
Westchester County Local Development Corp., Revenue Bonds, Refunding (Miriam Osborn Memorial Home Association Obligated Group) | | 5.00 | | 7/1/2028 | | 280,000 | | 291,450 | |
Westchester County Local Development Corp., Revenue Bonds, Refunding (Miriam Osborn Memorial Home Association Obligated Group) | | 5.00 | | 7/1/2029 | | 250,000 | | 260,225 | |
Westchester County Local Development Corp., Revenue Bonds, Refunding (Purchase Senior Learning Community Obligated Group) | | 5.00 | | 7/1/2046 | | 7,800,000 | a | 7,875,822 | |
Westchester Tobacco Asset Securitization Corp., Revenue Bonds, Refunding, Ser. B | | 5.00 | | 6/1/2041 | | 9,510,000 | | 9,708,873 | |
Western Nassau County Water Authority, Revenue Bonds (Sustainable Bond) Ser. A | | 4.00 | | 4/1/2051 | | 1,500,000 | | 1,426,060 | |
Western Nassau County Water Authority, Revenue Bonds (Sustainable Bond) Ser. A | | 4.00 | | 4/1/2046 | | 1,000,000 | | 965,400 | |
Yonkers Economic Development Corp., Revenue Bonds (Charter School of Educational Excellence Project) Ser. A | | 5.00 | | 10/15/2054 | | 465,000 | | 464,974 | |
Yonkers Economic Development Corp., Revenue Bonds (Charter School of Educational Excellence Project) Ser. A | | 5.00 | | 10/15/2049 | | 640,000 | | 641,683 | |
Yonkers Economic Development Corp., Revenue Bonds (Charter School of Educational Excellence Project) Ser. A | | 5.00 | | 10/15/2039 | | 420,000 | | 429,097 | |
| | 916,325,148 | |
U.S. Related - .7% | | | | | |
Guam Government Waterworks Authority, Revenue Bonds, Refunding, Ser. A | | 5.00 | | 7/1/2044 | | 1,770,000 | | 1,910,145 | |
Puerto Rico, GO, Ser. A1 | | 5.63 | | 7/1/2029 | | 2,500,000 | | 2,689,438 | |
Puerto Rico, GO, Ser. A1 | | 5.63 | | 7/1/2027 | | 2,000,000 | | 2,083,242 | |
| | 6,682,825 | |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
| | | | | |
Total Investments (cost $945,001,083) | | 98.3% | 923,007,973 | |
Cash and Receivables (Net) | | 1.7% | 15,615,727 | |
Net Assets | | 100.0% | 938,623,700 | |
GO—General Obligation
a Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At August 31, 2024, these securities were valued at $32,667,500 or 3.48% of net assets.
b These securities have a put feature; the date shown represents the put date and the bond holder can take a specific action to retain the bond after the put date.
c Security issued with a zero coupon. Income is recognized through the accretion of discount.
d These securities are prerefunded; the date shown represents the prerefunded date. Bonds which are prerefunded are collateralized by U.S. Government securities which are held in escrow and are used to pay principal and interest on the municipal issue and to retire the bonds in full at the earliest refunding date.
STATEMENT OF FINANCIAL FUTURES
BNY Mellon New York AMT-Free Municipal Bond Fund
August 31, 2024 (Unaudited)
The following is a summary of the inputs used as of August 31, 2024 in valuing the fund’s investments:
| | | | | | | |
| | Level 1-Unadjusted Quoted Prices | Level 2- Other Significant Observable Inputs | | Level 3-Significant Unobservable Inputs | Total | |
Assets ($) | | |
Investments in Securities:† | | |
Municipal Securities | - | 923,007,973 | | - | 923,007,973 | |
† See Statement of Investments for additional detailed categorizations, if any.
The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the SEC under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund’s financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.
The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).
Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.
Various inputs are used in determining the value of the fund’s investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:
Level 1—unadjusted quoted prices in active markets for identical investments.
Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).
Level 3—significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments).
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund’s investments are as follows:
The fund’s Board of Trustees (the “Board”) has designated the Adviser as the fund’s valuation designee to make all fair value determinations with respect to the fund’s portfolio investments, subject to the Board’s oversight and pursuant to Rule 2a-5 under the Act.
Investments in municipal securities are valued each business day by an independent pricing service (the “Service”) approved by the Board. Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of the Service are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as calculated by the Service based upon its evaluation of the market for such securities). Municipal investments (which constitute a majority of the portfolio securities) are carried at fair value as determined by the Service, based on methods which include consideration of the following: yields or prices of municipal securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. The Service is engaged under the general oversight of the Board. All of the preceding securities are generally categorized within Level 2 of the fair value hierarchy.
When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.
For securities where observable inputs are limited, assumptions about market activity and risk are used and such securities are generally categorized within Level 3 of the fair value hierarchy.
At August 31, 2024, accumulated net unrealized depreciation on investments was $21,993,110, consisting of $7,263,843 gross unrealized appreciation and $29,256,953 gross unrealized depreciation.
At August 31, 2024, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement of Investments).
Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.
