BNY Mellon MA Intermediate Municipal Bond Fund (MMBIX)
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.
Fund Info
US05569M6738
05569M673
Sep 23, 1985
$10,000
Expense Ratio
MMBIX features an expense ratio of 0.79%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BNY Mellon MA Intermediate Municipal Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
BNY Mellon MA Intermediate Municipal Bond Fund had a return of 0.44% year-to-date (YTD) and 1.83% in the last 12 months. Over the past 10 years, BNY Mellon MA Intermediate Municipal Bond Fund had an annualized return of 1.47%, while the S&P 500 had an annualized return of 11.29%, indicating that BNY Mellon MA Intermediate Municipal Bond Fund did not perform as well as the benchmark.
MMBIX
0.44%
0.77%
0.28%
1.83%
0.36%
1.47%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of MMBIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.44% | 0.44% | |||||||||||
| 2024 | -0.14% | 0.08% | 0.10% | -1.05% | -0.55% | 1.32% | 0.76% | 0.92% | 0.81% | -1.43% | 1.33% | -1.11% | 0.99% |
| 2023 | 2.52% | -1.97% | 1.75% | -0.33% | -0.65% | 0.77% | 0.18% | -0.73% | -2.34% | -0.65% | 4.93% | 1.90% | 5.28% |
| 2022 | -2.54% | -0.58% | -2.70% | -2.46% | 1.16% | -1.42% | 2.41% | -1.64% | -3.09% | -0.42% | 4.00% | 0.17% | -7.12% |
| 2021 | 0.51% | -1.46% | 0.37% | 0.74% | 0.27% | 0.14% | 0.57% | -0.23% | -0.78% | -0.26% | 0.67% | 0.05% | 0.59% |
| 2020 | 1.77% | 1.12% | -4.20% | -1.33% | 2.62% | 1.25% | 1.46% | -0.23% | -0.08% | -0.17% | 1.22% | 0.67% | 4.00% |
| 2019 | 0.75% | 0.72% | 1.28% | 0.34% | 1.28% | 0.38% | 0.79% | 1.31% | -0.84% | 0.09% | 0.07% | 0.32% | 6.66% |
| 2018 | -0.99% | -0.47% | 0.35% | -0.44% | 0.92% | 0.10% | 0.27% | 0.02% | -0.48% | -0.54% | 0.75% | 1.08% | 0.54% |
| 2017 | 0.52% | 0.57% | 0.18% | 0.57% | 1.31% | -0.30% | 0.49% | 0.72% | -0.38% | -0.05% | -0.62% | 0.73% | 3.79% |
| 2016 | 0.95% | 0.11% | 0.18% | 0.62% | 0.03% | 1.32% | 0.01% | 0.11% | -0.36% | -0.83% | -3.69% | -0.06% | -1.70% |
| 2015 | 1.35% | -0.98% | 0.12% | -0.43% | -0.36% | -0.26% | 0.52% | 0.05% | 0.67% | 0.51% | 0.43% | 0.50% | 2.12% |
| 2014 | 1.27% | 1.07% | -0.40% | 0.76% | 0.84% | -0.25% | 0.06% | 1.07% | 0.05% | 0.36% | -0.13% | 0.45% | 5.25% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MMBIX is 25, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BNY Mellon MA Intermediate Municipal Bond Fund (MMBIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BNY Mellon MA Intermediate Municipal Bond Fund provided a 2.13% dividend yield over the last twelve months, with an annual payout of $0.26 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.26 | $0.26 | $0.26 | $0.22 | $0.21 | $0.23 | $0.25 | $0.27 | $0.27 | $0.27 | $0.30 | $0.33 |
Dividend yield | 2.13% | 2.11% | 2.06% | 1.87% | 1.58% | 1.76% | 1.93% | 2.21% | 2.12% | 2.17% | 2.32% | 2.51% |
Monthly Dividends
The table displays the monthly dividend distributions for BNY Mellon MA Intermediate Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.00 | $0.02 | ||||||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2018 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2017 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2015 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.30 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.33 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the BNY Mellon MA Intermediate Municipal Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BNY Mellon MA Intermediate Municipal Bond Fund was 11.71%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current BNY Mellon MA Intermediate Municipal Bond Fund drawdown is 1.43%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.71% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -11.31% | Mar 10, 2020 | 9 | Mar 20, 2020 | 171 | Nov 20, 2020 | 180 |
| -7.58% | Jan 24, 2008 | 185 | Oct 16, 2008 | 57 | Jan 8, 2009 | 242 |
| -6.78% | Dec 5, 2012 | 189 | Sep 5, 2013 | 341 | Jan 13, 2015 | 530 |
| -5.87% | Sep 1, 2010 | 96 | Jan 18, 2011 | 134 | Jul 29, 2011 | 230 |
Volatility
Volatility Chart
The current BNY Mellon MA Intermediate Municipal Bond Fund volatility is 0.91%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.