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BNY Mellon Municipal Opportunities Fund (MOTIX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

BNY Mellon Municipal Opportunities Fund (MOTIX)

Mutual Fund · Currency in USD · Last updated May 30, 2025

The investment seeks to maximize total return consisting of high current income exempt from federal income tax and capital appreciation. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in U.S. dollar-denominated fixed-income securities that provide income exempt from federal income tax (municipal bonds). It may invest up to 20% of its assets in taxable fixed-income securities, including taxable municipal bonds and non-U.S. dollar-denominated foreign debt securities such as Brady bonds and sovereign debt obligations.

Fund Info

ISIN

US05569M4832

CUSIP

05569M483

Issuer

BNY Mellon

Inception Date

Oct 14, 2008

Category

Municipal Bonds

Min. Investment

$10,000

Asset Class

Bond

Expense Ratio

MOTIX has an expense ratio of 0.90%, placing it in the medium range.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BNY Mellon Municipal Opportunities Fund

Popular comparisons:
MOTIX vs. MUB
Popular comparisons:
MOTIX vs. MUB

Performance

Performance Chart

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S&P 500

Returns By Period

BNY Mellon Municipal Opportunities Fund (MOTIX) returned -2.07% year-to-date (YTD) and 1.57% over the past 12 months. Over the past 10 years, MOTIX returned 2.20% annually, underperforming the S&P 500 benchmark at 10.84%.

MOTIX

YTD

-2.07%

1M

0.11%

6M

-2.87%

1Y

1.57%

3Y*

2.20%

5Y*

1.54%

10Y*

2.20%

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

Monthly Returns

The table below presents the monthly returns of MOTIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.21%1.05%-1.81%-0.94%-0.58%-2.07%
20240.46%0.33%-0.08%-0.76%0.13%1.79%0.83%0.61%1.03%-1.23%1.63%-1.31%3.41%
20233.37%-2.18%1.35%0.08%-0.21%0.91%0.35%-1.21%-2.83%-1.59%6.84%2.46%7.17%
2022-2.76%-0.79%-3.38%-3.20%1.44%-2.70%2.67%-1.97%-3.83%-1.00%5.17%-0.23%-10.46%
20211.49%-1.60%0.94%1.20%0.68%0.56%0.68%-0.51%-0.95%-0.40%0.99%0.12%3.18%
20201.86%1.59%-7.06%-2.39%3.63%2.38%2.10%-0.22%-0.31%-0.09%2.23%1.38%4.75%
20190.57%0.93%1.46%0.78%1.00%0.22%0.45%1.34%-0.80%-0.22%0.08%0.08%6.02%
2018-0.40%-0.05%0.34%0.05%1.05%0.49%0.51%0.26%-0.38%-0.59%0.41%0.60%2.30%
20170.43%0.64%0.20%0.55%1.38%0.02%1.02%0.77%-0.07%-0.04%-0.20%1.06%5.90%
2016-0.11%-0.17%0.67%0.87%0.75%1.17%-0.12%0.74%-0.26%-0.77%-3.64%0.69%-0.27%
20151.16%-0.75%0.40%-0.72%-0.50%-0.24%0.44%0.06%0.36%0.82%0.97%0.97%2.99%
20141.71%1.48%0.80%1.31%1.62%-0.18%0.28%1.59%0.50%0.51%0.02%1.06%11.20%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of MOTIX is 20, meaning it’s performing worse than 80% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of MOTIX is 2020
Overall Rank
The Sharpe Ratio Rank of MOTIX is 2424
Sharpe Ratio Rank
The Sortino Ratio Rank of MOTIX is 1616
Sortino Ratio Rank
The Omega Ratio Rank of MOTIX is 1919
Omega Ratio Rank
The Calmar Ratio Rank of MOTIX is 2222
Calmar Ratio Rank
The Martin Ratio Rank of MOTIX is 2121
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for BNY Mellon Municipal Opportunities Fund (MOTIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

BNY Mellon Municipal Opportunities Fund Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 0.30
  • 5-Year: 0.39
  • 10-Year: 0.53
  • All Time: 1.13

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of BNY Mellon Municipal Opportunities Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

BNY Mellon Municipal Opportunities Fund provided a 3.29% dividend yield over the last twelve months, with an annual payout of $0.40 per share.

1.50%2.00%2.50%3.00%3.50%4.00%$0.00$0.10$0.20$0.30$0.40$0.5020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.40$0.39$0.39$0.49$0.34$0.36$0.20$0.42$0.40$0.44$0.43$0.45

Dividend yield

3.29%3.16%3.09%4.11%2.42%2.58%1.45%3.19%3.08%3.45%3.22%3.36%

Monthly Dividends

The table displays the monthly dividend distributions for BNY Mellon Municipal Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.04$0.03$0.03$0.03$0.00$0.13
2024$0.03$0.03$0.03$0.03$0.04$0.03$0.03$0.04$0.03$0.03$0.03$0.03$0.39
2023$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.39
2022$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.18$0.49
2021$0.03$0.03$0.03$0.03$0.02$0.03$0.03$0.03$0.03$0.02$0.03$0.05$0.34
2020$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.36
2019$0.03$0.03$0.03$0.03$0.03$0.03$0.00$0.00$0.00$0.00$0.00$0.00$0.20
2018$0.04$0.03$0.03$0.04$0.04$0.03$0.04$0.03$0.03$0.03$0.03$0.04$0.42
2017$0.04$0.03$0.04$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.40
2016$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.44
2015$0.03$0.03$0.03$0.03$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.43
2014$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.04$0.45

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.

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Worst Drawdowns

The table below displays the maximum drawdowns of the BNY Mellon Municipal Opportunities 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 Municipal Opportunities Fund was 16.00%, occurring on Oct 26, 2022. Recovery took 535 trading sessions.

The current BNY Mellon Municipal Opportunities Fund drawdown is 3.66%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-16%Jul 14, 2021326Oct 26, 2022535Dec 6, 2024861
-14.3%Mar 2, 202015Mar 20, 2020178Dec 2, 2020193
-9.23%Aug 30, 201098Jan 18, 2011224Dec 6, 2011322
-8.39%Dec 10, 2012186Sep 5, 2013163Apr 30, 2014349
-5.83%Dec 9, 202483Apr 9, 2025———
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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