STATEMENT OF INVESTMENTS
BNY Mellon Short-Intermediate Municipal Bond Fund
December 31, 2021 (Unaudited)
| | | | | | | | | | |
| |
Description | Coupon
Rate (%) | | Maturity Date | | Principal Amount ($) | | Value ($) | |
Long-Term Municipal Investments - 98.2% | | | | | |
Alabama - 1.6% | | | | | |
Auburn University, Revenue Bonds, Refunding, Ser. A | | 5.00 | | 6/1/2024 | | 1,200,000 | | 1,332,795 | |
Black Belt Energy Gas District, Revenue Bonds (Project No. 4) Ser. A1 | | 4.00 | | 12/1/2025 | | 1,250,000 | a | 1,388,692 | |
Jefferson County, GO, Refunding, Ser. A | | 5.00 | | 4/1/2022 | | 1,800,000 | | 1,820,815 | |
| | 4,542,302 | |
Arizona - 4.1% | | | | | |
Arizona, COP, Refunding, Ser. A | | 5.00 | | 10/1/2025 | | 5,000,000 | | 5,839,041 | |
Arizona Industrial Development Authority, Revenue Bonds (Equitable School Revolving Obligated Group) Ser. A | | 4.00 | | 11/1/2025 | | 600,000 | | 674,402 | |
Arizona Industrial Development Authority, Revenue Bonds (Equitable School Revolving Obligated Group) Ser. A | | 4.00 | | 11/1/2024 | | 600,000 | | 657,326 | |
Maricopa County Pollution Control Corp., Revenue Bonds, Refunding (Public Service Co. of New Mexico) | | 1.05 | | 6/1/2022 | | 1,000,000 | a | 1,003,063 | |
Maricopa County Unified School District No. 4, GO, Ser. A | | 5.00 | | 7/1/2025 | | 1,840,000 | | 2,128,160 | |
The University of Arizona, Revenue Bonds (Green Bond) | | 5.00 | | 6/1/2025 | | 1,140,000 | | 1,315,515 | |
| | 11,617,507 | |
California - 3.1% | | | | | |
California, GO, Refunding | | 5.00 | | 4/1/2025 | | 1,000,000 | | 1,146,755 | |
California, GO, Refunding | | 5.00 | | 4/1/2024 | | 1,500,000 | | 1,656,478 | |
California County Tobacco Securitization Agency, Revenue Bonds, Refunding, Ser. A | | 5.00 | | 6/1/2024 | | 400,000 | | 443,601 | |
California County Tobacco Securitization Agency, Revenue Bonds, Refunding, Ser. A | | 5.00 | | 6/1/2025 | | 500,000 | | 574,995 | |
California Municipal Finance Authority, Revenue Bonds (Green Bond) (Insured; Build America Mutual) | | 5.00 | | 5/15/2025 | | 350,000 | | 400,086 | |
California Pollution Control Financing Authority, Revenue Bonds (Waste Management Project) Ser. A | | 2.50 | | 5/1/2024 | | 2,625,000 | a | 2,655,427 | |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
| | | | | | | | | | |
| |
Description | Coupon
Rate (%) | | Maturity Date | | Principal Amount ($) | | Value ($) | |
Long-Term Municipal Investments - 98.2% (continued) | | | | | |
California - 3.1% (continued) | | | | | |
California University, Revenue Bonds, Refunding, Ser. B2 | | 0.55 | | 11/1/2026 | | 2,000,000 | a | 1,977,555 | |
| | 8,854,897 | |
Colorado - 1.8% | | | | | |
Colorado, COP, Ser. A | | 5.00 | | 12/15/2024 | | 1,000,000 | | 1,132,581 | |
Colorado Health Facilities Authority, Revenue Bonds, Refunding (Sisters of Charity of Leavenworth Health System Obligated Group) Ser. A | | 5.00 | | 1/1/2024 | | 2,145,000 | | 2,340,802 | |
Regional Transportation District, Revenue Bonds, Refunding (Denver Transit Partners) Ser. A | | 3.00 | | 1/15/2026 | | 600,000 | | 649,013 | |
Regional Transportation District, Revenue Bonds, Refunding (Denver Transit Partners) Ser. A | | 5.00 | | 1/15/2025 | | 650,000 | | 731,300 | |
Vauxmont Metropolitan District, GO, Refunding (Insured; Assured Guaranty Municipal Corp.) | | 5.00 | | 12/15/2024 | | 130,000 | | 146,186 | |
| | 4,999,882 | |
Connecticut - 2.8% | | | | | |
Connecticut, Revenue Bonds, Ser. D | | 5.00 | | 11/1/2025 | | 3,800,000 | | 4,436,315 | |
Connecticut, Special Tax Bonds, Ser. A | | 5.00 | | 5/1/2025 | | 850,000 | | 975,525 | |
Connecticut Housing Finance Authority, Revenue Bonds, Refunding, Ser. C2 | | 5.00 | | 11/15/2025 | | 1,000,000 | | 1,147,432 | |
New Haven, GO (Insured; Assured Guaranty Municipal Corp.) Ser. A | | 5.00 | | 8/1/2024 | | 1,140,000 | | 1,271,907 | |
| | 7,831,179 | |
District of Columbia - 2.1% | | | | | |
Metropolitan Washington Airports Authority, Revenue Bonds, Refunding | | 5.00 | | 10/1/2022 | | 4,635,000 | | 4,798,958 | |
Metropolitan Washington Airports Authority, Revenue Bonds, Refunding, Ser. A | | 5.00 | | 10/1/2022 | | 1,200,000 | | 1,242,449 | |
| | 6,041,407 | |
Florida - 1.4% | | | | | |
Central Florida Expressway Authority, Revenue Bonds, Refunding | | 5.00 | | 7/1/2022 | | 1,750,000 | | 1,791,130 | |
Florida Department of Management Services, COP, Ser. A | | 5.00 | | 11/1/2024 | | 2,000,000 | | 2,256,070 | |
| | 4,047,200 | |
| | | | | | | | | | |
| |
Description | Coupon
Rate (%) | | Maturity Date | | Principal Amount ($) | | Value ($) | |
Long-Term Municipal Investments - 98.2% (continued) | | | | | |
Georgia - .4% | | | | | |
Savannah Economic Development Authority, Revenue Bonds, Refunding (International Paper Co.) | | 1.90 | | 8/1/2024 | | 1,000,000 | | 1,033,073 | |
Illinois - 6.1% | | | | | |
Chicago Board of Education, GO, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A | | 5.00 | | 12/1/2023 | | 1,000,000 | | 1,084,275 | |
Chicago II Waterworks, Revenue Bonds, Refunding, Ser. 2017-2 | | 5.00 | | 11/1/2022 | | 1,200,000 | | 1,246,546 | |
Chicago Metropolitan Water Reclamation District, GO, Refunding, Ser. C | | 5.00 | | 12/1/2025 | | 3,680,000 | | 4,308,120 | |
Chicago Park District, GO, Refunding, Ser. B | | 5.00 | | 1/1/2025 | | 1,000,000 | | 1,085,754 | |
Cook County II, GO, Refunding, Ser. A | | 5.00 | | 11/15/2026 | | 1,000,000 | | 1,204,093 | |
Illinois Finance Authority, Revenue Bonds, Refunding (OSF Healthcare System Obligated Group) Ser. B1 | | 5.00 | | 11/15/2024 | | 2,000,000 | a | 2,209,433 | |
Illinois Toll Highway Authority, Revenue Bonds, Refunding, Ser. B | | 5.00 | | 1/1/2025 | | 1,500,000 | | 1,699,758 | |
Railsplitter Tobacco Settlement Authority, Revenue Bonds | | 5.00 | | 6/1/2022 | | 3,220,000 | | 3,282,074 | |
Sales Tax Securitization Corp., Revenue Bonds, Refunding, Ser. A | | 5.00 | | 1/1/2025 | | 1,000,000 | | 1,128,071 | |
| | 17,248,124 | |
Indiana - 6.3% | | | | | |
Indiana Finance Authority, Revenue Bonds (Green Bond) | | 5.00 | | 2/1/2024 | | 1,025,000 | | 1,125,447 | |
Indiana Finance Authority, Revenue Bonds, Refunding (CWA Authority Project) | | 5.00 | | 10/1/2025 | | 3,240,000 | | 3,778,572 | |
Indiana Finance Authority, Revenue Bonds, Refunding (Indianapolis Power & Light Co.) Ser. A | | 3.13 | | 12/1/2024 | | 3,000,000 | | 3,194,581 | |
Indiana Finance Authority, Revenue Bonds, Refunding (Parkview Health System Obligated Group) Ser. A | | 5.00 | | 11/1/2022 | | 1,135,000 | | 1,179,990 | |
Indiana Health Facility Financing Authority, Revenue Bonds (Ascension Health Credit Group) Ser. A | | 4.00 | | 11/1/2024 | | 800,000 | | 879,754 | |
Indiana Health Facility Financing Authority, Revenue Bonds (Ascension Health Credit Group) Ser. A | | 4.00 | | 11/1/2025 | | 1,295,000 | | 1,462,921 | |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
| | | | | | | | | | |
| |
Description | Coupon
Rate (%) | | Maturity Date | | Principal Amount ($) | | Value ($) | |
Long-Term Municipal Investments - 98.2% (continued) | | | | | |
Indiana - 6.3% (continued) | | | | | |
Indiana Health Facility Financing Authority, Revenue Bonds (Ascension Health Credit Group) Ser. A | | 4.00 | | 10/1/2024 | | 865,000 | | 949,130 | |
Whiting, Revenue Bonds (BP Products North America) | | 5.00 | | 11/1/2022 | | 5,000,000 | a | 5,193,469 | |
| | 17,763,864 | |
Louisiana - 1.7% | | | | | |
East Baton Rouge Sewerage Commission, Revenue Bonds, Refunding, Ser. B | | 5.00 | | 2/1/2025 | | 1,000,000 | | 1,137,873 | |
Louisiana Offshore Terminal Authority, Revenue Bonds, Refunding (Loop Project) | | 1.65 | | 12/1/2023 | | 2,500,000 | a | 2,548,575 | |
St. John the Baptist Parish, Revenue Bonds, Refunding (Marathon Oil Corp.) | | 2.10 | | 7/1/2024 | | 1,000,000 | a | 1,031,506 | |
| | 4,717,954 | |
Maine - .4% | | | | | |
Maine Finance Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A1 | | 5.00 | | 12/1/2024 | | 1,000,000 | | 1,115,534 | |
Maryland - 4.2% | | | | | |
Maryland Department of Transportation, Revenue Bonds, Refunding, Ser. B | | 5.00 | | 12/1/2025 | | 2,000,000 | | 2,349,006 | |
Maryland Health & Higher Educational Facilities Authority, Revenue Bonds, Refunding (University of Maryland Medical System Obligated Group) Ser. B | | 5.00 | | 7/1/2022 | | 1,600,000 | | 1,637,283 | |
Maryland Health & Higher Educational Facilities Authority, Revenue Bonds, Refunding (University of Maryland Medical System Obligated Group) Ser. B1 | | 5.00 | | 7/1/2025 | | 4,000,000 | a | 4,513,556 | |
Maryland Transportation Authority, Revenue Bonds | | 5.00 | | 6/1/2023 | | 2,990,000 | | 3,184,591 | |
| | 11,684,436 | |
Massachusetts - 2.2% | | | | | |
Massachusetts Development Finance Agency, Revenue Bonds, Refunding (Northeastern University) Ser. A | | 5.00 | | 10/1/2024 | | 1,580,000 | | 1,777,151 | |
Massachusetts Educational Financing Authority, Revenue Bonds | | 5.00 | | 7/1/2025 | | 750,000 | | 852,070 | |
| | | | | | | | | | |
| |
Description | Coupon
Rate (%) | | Maturity Date | | Principal Amount ($) | | Value ($) | |
Long-Term Municipal Investments - 98.2% (continued) | | | | | |
Massachusetts - 2.2% (continued) | | | | | |
Massachusetts Port Authority, Revenue Bonds, Refunding, Ser. A | | 5.00 | | 7/1/2022 | | 1,270,000 | | 1,299,466 | |
Massachusetts Transportation Trust Fund Metropolitan Highway System, Revenue Bonds, Refunding, Ser. A | | 5.00 | | 1/1/2025 | | 1,950,000 | | 2,210,932 | |
| | 6,139,619 | |
Michigan - 2.9% | | | | | |
Lansing Board of Water & Light, Revenue Bonds, Ser. B | | 2.00 | | 7/1/2026 | | 2,000,000 | a | 2,120,090 | |
Michigan Finance Authority, Revenue Bonds, Refunding (Beaumont Health Credit Obligated Group) | | 5.00 | | 8/1/2025 | | 2,115,000 | | 2,362,036 | |
Michigan Strategic Fund, Revenue Bonds (I-75 Improvement Project) | | 5.00 | | 6/30/2024 | | 2,000,000 | | 2,212,003 | |
Saginaw Hospital Finance Authority, Revenue Bonds, Refunding | | 5.00 | | 7/1/2025 | | 625,000 | | 716,085 | |
Saginaw Hospital Finance Authority, Revenue Bonds, Refunding | | 5.00 | | 7/1/2024 | | 715,000 | | 792,002 | |
| | 8,202,216 | |
Minnesota - .5% | | | | | |
Minneapolis-St. Paul Metropolitan Airports Commission, Revenue Bonds, Refunding, Ser. A | | 5.00 | | 1/1/2025 | | 150,000 | | 170,024 | |
Minneapolis-St. Paul Metropolitan Airports Commission, Revenue Bonds, Refunding, Ser. C | | 5.00 | | 1/1/2025 | | 1,000,000 | | 1,132,852 | |
| | 1,302,876 | |
Missouri - .4% | | | | | |
Missouri Joint Municipal Electric Utility Commission, Revenue Bonds, Refunding (Iatan 2 Project) Ser. A | | 5.00 | | 1/1/2026 | | 1,000,000 | | 1,089,992 | |
Nebraska - 1.0% | | | | | |
University of Nebraska Facilities Corp., Revenue Bonds, Ser. A | | 5.00 | | 2/15/2024 | | 2,670,000 | | 2,933,934 | |
Nevada - .9% | | | | | |
Clark County School District, GO (Insured; Assured Guaranty Municipal Corp.) Ser. A | | 3.00 | | 6/15/2025 | | 1,300,000 | | 1,410,100 | |
Clark County School District, GO, Refunding, Ser. C | | 5.00 | | 6/15/2022 | | 1,050,000 | | 1,072,789 | |
| | 2,482,889 | |
New Jersey - 2.5% | | | | | |
New Jersey, GO (COVID-19 Emergency Bonds) Ser. A | | 5.00 | | 6/1/2025 | | 2,000,000 | | 2,293,258 | |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
| | | | | | | | | | |
| |
Description | Coupon
Rate (%) | | Maturity Date | | Principal Amount ($) | | Value ($) | |
Long-Term Municipal Investments - 98.2% (continued) | | | | | |
New Jersey - 2.5% (continued) | | | | | |
New Jersey Higher Education Student Assistance Authority, Revenue Bonds, Ser. B | | 5.00 | | 12/1/2025 | | 850,000 | | 982,935 | |
Tobacco Settlement Financing Corp., Revenue Bonds, Refunding, Ser. A | | 5.00 | | 6/1/2024 | | 2,500,000 | | 2,768,611 | |
Tobacco Settlement Financing Corp., Revenue Bonds, Refunding, Ser. A | | 5.00 | | 6/1/2023 | | 1,040,000 | | 1,106,767 | |
| | 7,151,571 | |
New Mexico - 4.1% | | | | | |
New Mexico Finance Authority, Revenue Bonds, Ser. A | | 5.00 | | 6/15/2026 | | 2,850,000 | | 3,395,854 | |
New Mexico Finance Authority, Revenue Bonds, Ser. A | | 5.00 | | 6/15/2025 | | 1,625,000 | | 1,873,522 | |
New Mexico Severance Tax Permanent Fund, Revenue Bonds, Ser. A | | 5.00 | | 7/1/2027 | | 5,000,000 | | 6,141,032 | |
| | 11,410,408 | |
New York - 9.7% | | | | | |
Metropolitan Transportation Authority, BAN, Ser. A1 | | 5.00 | | 2/1/2023 | | 1,710,000 | | 1,795,917 | |
Metropolitan Transportation Authority, Revenue Bonds, Refunding (Green Bond) Ser. B | | 5.00 | | 11/15/2022 | | 790,000 | | 821,677 | |
New York City, GO, Refunding, Ser. A1 | | 5.00 | | 8/1/2025 | | 2,000,000 | | 2,319,161 | |
New York City Housing Development Corp., Revenue Bonds (LOC; Federal Housing Administration) Ser. F2 | | 0.60 | | 7/1/2025 | | 1,000,000 | a | 987,586 | |
New York City Transitional Finance Authority, Revenue Bonds, Ser. B1 | | 5.00 | | 8/1/2024 | | 4,500,000 | | 5,029,305 | |
New York City Water & Sewer System, Revenue Bonds, Refunding, Ser. BB2 | | 5.00 | | 6/15/2027 | | 4,000,000 | | 4,695,576 | |
New York State Dormitory Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A | | 5.00 | | 10/1/2025 | | 1,450,000 | | 1,688,678 | |
New York State Dormitory Authority, Revenue Bonds, Refunding, Ser. C | | 5.00 | | 3/15/2023 | | 3,425,000 | | 3,622,250 | |
New York State Dormitory Authority, Revenue Bonds, Refunding, Ser. D | | 5.00 | | 2/15/2025 | | 1,500,000 | | 1,713,416 | |
New York State Urban Development Corp., Revenue Bonds, Refunding (State of New York Personal Income Tax) | | 5.00 | | 3/15/2025 | | 2,000,000 | | 2,288,753 | |
| | | | | | | | | | |
| |
Description | Coupon
Rate (%) | | Maturity Date | | Principal Amount ($) | | Value ($) | |
Long-Term Municipal Investments - 98.2% (continued) | | | | | |
New York - 9.7% (continued) | | | | | |
New York State Urban Development Corp., Revenue Bonds, Refunding, Ser. A | | 5.00 | | 3/15/2023 | | 1,000,000 | | 1,056,907 | |
New York Transportation Development Corp., Revenue Bonds, Refunding (JFK International Air Terminal) | | 5.00 | | 12/1/2025 | | 1,000,000 | | 1,157,646 | |
| | 27,176,872 | |
North Carolina - 2.9% | | | | | |
North Carolina Medical Care Commission, Revenue Bonds (Caromont Health Obligated Group) Ser. B | | 5.00 | | 2/1/2026 | | 2,000,000 | a | 2,349,740 | |
North Carolina Turnpike Authority, BAN | | 5.00 | | 2/1/2024 | | 2,500,000 | | 2,726,417 | |
The Charlotte-Mecklenburg Hospital Authority, Revenue Bonds (Atrium Health Obligated Group) Ser. B | | 5.00 | | 12/2/2024 | | 2,750,000 | a | 3,108,701 | |
| | 8,184,858 | |
Ohio - 4.6% | | | | | |
Cincinnati Water System, Revenue Bonds, Refunding, Ser. B | | 5.00 | | 12/1/2024 | | 1,020,000 | | 1,155,155 | |
Miami University, Revenue Bonds, Refunding | | 5.00 | | 9/1/2024 | | 1,000,000 | | 1,121,775 | |
Ohio, Revenue Bonds, Ser. 2019-1 | | 5.00 | | 12/15/2024 | | 1,500,000 | | 1,702,659 | |
Ohio, Revenue Bonds, Ser. A | | 5.00 | | 6/1/2025 | | 2,790,000 | | 3,212,373 | |
Sycamore Community School District, GO, Refunding | | 4.00 | | 12/1/2025 | | 2,845,000 | | 3,224,354 | |
Sycamore Community School District, GO, Refunding | | 4.00 | | 12/1/2024 | | 2,415,000 | | 2,663,035 | |
| | 13,079,351 | |
Oklahoma - 1.2% | | | | | |
Oklahoma Development Finance Authority, Revenue Bonds | | 1.63 | | 7/6/2023 | | 1,000,000 | | 1,004,825 | |
Oklahoma Municipal Power Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A | | 5.00 | | 1/1/2024 | | 1,000,000 | | 1,091,493 | |
Oklahoma Turnpike Authority, Revenue Bonds, Refunding, Ser. A | | 5.00 | | 1/1/2025 | | 1,000,000 | | 1,135,412 | |
| | 3,231,730 | |
Pennsylvania - 10.7% | | | | | |
Allegheny County Hospital Development Authority, Revenue Bonds, Refunding (Allegheny Health Network Obligated Group) Ser. A | | 5.00 | | 4/1/2024 | | 2,000,000 | | 2,198,687 | |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
| | | | | | | | | | |
| |
Description | Coupon
Rate (%) | | Maturity Date | | Principal Amount ($) | | Value ($) | |
Long-Term Municipal Investments - 98.2% (continued) | | | | | |
Pennsylvania - 10.7% (continued) | | | | | |
Commonwealth Financing Authority, Revenue Bonds | | 5.00 | | 6/1/2023 | | 1,000,000 | | 1,065,080 | |
Delaware River Joint Toll Bridge Commission, Revenue Bonds, Ser. A | | 5.00 | | 7/1/2025 | | 1,000,000 | | 1,153,597 | |
Delaware Valley Regional Finance Authority, Revenue Bonds, Ser. B, 1 Month MUNIPSA +.42% | | 0.52 | | 9/1/2022 | | 5,000,000 | a,b | 5,000,236 | |
Montgomery County Higher Education & Health Authority, Revenue Bonds (Thomas Jefferson University Obligated Group) Ser. C, 6 Month MUNIPSA +.72% | | 0.82 | | 9/1/2023 | | 2,000,000 | a,b | 2,000,080 | |
Pennsylvania, GO, Refunding (Assured Guaranty Municipal Corp.) Ser. 1st | | 5.00 | | 9/15/2025 | | 3,000,000 | | 3,494,547 | |
Pennsylvania Economic Development Financing Authority, Revenue Bonds (Waste Management Project) | | 2.15 | | 7/1/2024 | | 2,500,000 | a | 2,590,014 | |
Pennsylvania Economic Development Financing Authority, Revenue Bonds, Refunding (University of Pittsburgh Medical Center Obligated Group) Ser. A | | 5.00 | | 2/1/2022 | | 1,665,000 | | 1,670,986 | |
Pennsylvania Turnpike Commission, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A | | 5.25 | | 7/15/2028 | | 185,000 | | 236,463 | |
Pennsylvania Turnpike Commission, Revenue Bonds, Ser. B | | 5.00 | | 12/1/2025 | | 1,000,000 | | 1,165,617 | |
Philadelphia, GO, Refunding, Ser. A | | 5.00 | | 8/1/2024 | | 2,000,000 | | 2,231,962 | |
Philadelphia, GO, Ser. A | | 5.00 | | 5/1/2025 | | 5,000,000 | | 5,731,238 | |
Philadelphia Gas Works, Revenue Bonds (Insured; Assured Guaranty Municipal Corp.) Ser. A | | 5.00 | | 8/1/2025 | | 500,000 | | 577,862 | |
Southcentral Pennsylvania General Authority, Revenue Bonds, Refunding (WellSpan Health Obligated Group) | | 5.00 | | 6/1/2022 | | 1,000,000 | | 1,019,946 | |
| | 30,136,315 | |
Rhode Island - .3% | | | | | |
Rhode Island Student Loan Authority, Revenue Bonds, Ser. A | | 5.00 | | 12/1/2026 | | 725,000 | | 860,246 | |
South Carolina - 2.6% | | | | | |
Piedmont Municipal Power Agency, Revenue Bonds, Refunding, Ser. B | | 5.00 | | 1/1/2027 | | 4,000,000 | | 4,799,658 | |
Piedmont Municipal Power Agency, Revenue Bonds, Refunding, Ser. E | | 5.00 | | 1/1/2023 | | 900,000 | | 942,209 | |
| | | | | | | | | | |
| |
Description | Coupon
Rate (%) | | Maturity Date | | Principal Amount ($) | | Value ($) | |
Long-Term Municipal Investments - 98.2% (continued) | | | | | |
South Carolina - 2.6% (continued) | | | | | |
South Carolina Public Service Authority, Revenue Bonds, Refunding, Ser. B | | 5.00 | | 12/1/2024 | | 1,400,000 | | 1,582,893 | |
| | 7,324,760 | |
Texas - 11.2% | | | | | |
Brazos Higher Education Authority, Revenue Bonds, Ser. 1A | | 5.00 | | 4/1/2025 | | 685,000 | | 762,510 | |
Brazos Higher Education Authority, Revenue Bonds, Ser. 1A | | 5.00 | | 4/1/2024 | | 600,000 | | 650,612 | |
Central Texas Regional Mobility Authority, BAN, Ser. F | | 5.00 | | 1/1/2025 | | 1,500,000 | | 1,659,478 | |
Clifton Higher Education Finance Corp., Revenue Bonds, Refunding (IDEA Public Schools) (Insured; Permanent School Fund Guarantee Program) | | 4.00 | | 8/15/2022 | | 1,600,000 | | 1,637,443 | |
Grand Parkway Transportation Corp., BAN | | 5.00 | | 2/1/2023 | | 5,000,000 | | 5,245,806 | |
Houston Combined Utility System, Revenue Bonds, Refunding, Ser. C | | 5.00 | | 5/15/2025 | | 1,705,000 | | 1,892,507 | |
Lewisville Independent School District, GO, Refunding (Insured; Permanent School Fund Guarantee Program) | | 5.00 | | 8/15/2025 | | 1,000,000 | | 1,161,131 | |
Lower Colorado River Authority, Revenue Bonds, Refunding (LCRA Transmission Services Corp.) | | 5.00 | | 5/15/2024 | | 1,475,000 | | 1,631,668 | |
Lower Colorado River Authority, Revenue Bonds, Refunding (LCRA Transmission Services Corp.) Ser. A | | 5.00 | | 5/15/2024 | | 1,040,000 | | 1,150,464 | |
Lower Colorado River Authority, Revenue Bonds, Refunding, Ser. B | | 5.00 | | 5/15/2026 | | 1,390,000 | | 1,596,429 | |
Lubbock Electric Light & Power System, Revenue Bonds, Refunding | | 5.00 | | 4/15/2026 | | 675,000 | | 798,816 | |
North Texas Tollway Authority, Revenue Bonds, Refunding, Ser. A | | 5.00 | | 1/1/2022 | | 1,910,000 | | 1,910,000 | |
North Texas Tollway Authority, Revenue Bonds, Refunding, Ser. B | | 5.00 | | 1/1/2025 | | 2,500,000 | | 2,834,528 | |
Pflugerville Independent School District, GO (Insured; Permanent School Fund Guarantee Program) Ser. B | | 2.50 | | 8/15/2023 | | 3,500,000 | a | 3,615,924 | |
Tarrant County College District, GO | | 5.00 | | 8/15/2025 | | 4,180,000 | | 4,856,798 | |
| | 31,404,114 | |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
| | | | | | | | | | |
| |
Description | Coupon
Rate (%) | | Maturity Date | | Principal Amount ($) | | Value ($) | |
Long-Term Municipal Investments - 98.2% (continued) | | | | | |
Utah - 1.1% | | | | | |
Salt Lake City Airport, Revenue Bonds, Ser. A | | 5.00 | | 7/1/2022 | | 2,000,000 | | 2,046,805 | |
Utah, GO, Ser. B | | 5.00 | | 7/1/2025 | | 1,000,000 | | 1,158,873 | |
| | 3,205,678 | |
Virginia - 1.4% | | | | | |
Roanoke Economic Development Authority, Revenue Bonds, Refunding (Carilion Clinic Obligated Group) | | 5.00 | | 7/1/2024 | | 1,000,000 | | 1,113,761 | |
Virginia Public School Authority, Revenue Bonds, Ser. VIII | | 5.00 | | 4/15/2025 | | 2,500,000 | | 2,867,334 | |
| | 3,981,095 | |
Washington - 1.9% | | | | | |
Grant County Public Utility District No. 2, Revenue Bonds, Refunding, Ser. R | | 2.00 | | 12/1/2025 | | 2,000,000 | a | 2,097,431 | |
Port of Seattle, Revenue Bonds | | 5.00 | | 4/1/2024 | | 2,000,000 | | 2,198,215 | |
Washington Health Care Facilities Authority, Revenue Bonds, Refunding (CommonSpirit Health Obligated Group) Ser. B1 | | 5.00 | | 8/1/2024 | | 1,040,000 | a | 1,135,677 | |
| | 5,431,323 | |
Wisconsin - .1% | | | | | |
Wisconsin Department of Transportation, Revenue Bonds, Refunding, Ser. 1 | | 5.00 | | 7/1/2022 | | 330,000 | c | 337,889 | |
Total Investments (cost $273,827,572) | | 98.2% | 276,565,095 | |
Cash and Receivables (Net) | | 1.8% | 5,164,665 | |
Net Assets | | 100.0% | 281,729,760 | |
GO—General Obligation
MUNIPSA—Securities Industry and Financial Markets Association Municipal Swap Index Yield
a These securities have a put feature; the date shown represents the put date and the bond holder can take a specific action to retain the bond after the put date.
b Variable rate security—interest rate resets periodically and rate shown is the interest rate in effect at period end. Security description also includes the reference rate and spread if published and available.
c These securities are prerefunded; the date shown represents the prerefunded date. Bonds which are prerefunded are collateralized by U.S. Government securities which are held in escrow and are used to pay principal and interest on the municipal issue and to retire the bonds in full at the earliest refunding date.
STATEMENT OF INVESTMENTS
BNY Mellon Short-Intermediate Municipal Bond Fund
December 31, 2021 (Unaudited)
The following is a summary of the inputs used as of December 31, 2021 in valuing the fund’s investments:
| | | | | | | |
| | Level 1-Unadjusted Quoted Prices | Level 2- Other Significant Observable Inputs | | Level 3-Significant Unobservable Inputs | Total | |
Assets ($) | | |
Investments in Securities:† | | |
Municipal Securities | - | 276,565,095 | | - | 276,565,095 | |
† 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:
Investments in securities are valued each business day by an independent pricing service (the “Service”) approved by the fund's Board Members (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). Debt 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. All of the preceding securities are generally categorized within Level 2 of the fair value hierarchy.
The Service is engaged under the general oversight of the Board.
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 December 31, 2021, accumulated net unrealized appreciation on investments was $2,737,523, consisting of $3,246,937 gross unrealized appreciation and $509,414 gross unrealized depreciation.
At December 31, 2021, 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.
