BNY Mellon National Short Term Municipal Bond Fund (MPSTX)
The investment seeks to maximize current income exempt from federal income tax to the extent 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 income tax. Generally, its average effective portfolio maturity and the average effective duration of the fund's portfolio will be less than three years. The fund may invest in individual municipal and taxable bonds of any maturity or duration.
Fund Info
US05569M7314
Oct 1, 2000
$10,000
Expense Ratio
MPSTX features an expense ratio of 0.44%, 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 National Short Term 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 National Short Term Municipal Bond Fund had a return of 0.55% year-to-date (YTD) and 3.40% in the last 12 months. Over the past 10 years, BNY Mellon National Short Term Municipal Bond Fund had an annualized return of 1.15%, while the S&P 500 had an annualized return of 11.31%, indicating that BNY Mellon National Short Term Municipal Bond Fund did not perform as well as the benchmark.
MPSTX
0.55%
0.55%
1.21%
3.40%
1.15%
1.15%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of MPSTX, 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 | 0.55% | 0.55% | |||||||||||
| 2024 | 0.20% | 0.10% | 0.04% | -0.20% | 0.14% | 0.74% | 0.76% | 0.78% | 0.50% | -0.42% | 0.45% | -0.17% | 2.96% |
| 2023 | 1.03% | -0.92% | 1.03% | -0.32% | 0.04% | 0.39% | 0.23% | -0.00% | -0.64% | 0.24% | 1.62% | 0.72% | 3.42% |
| 2022 | -1.16% | -0.31% | -1.18% | -0.72% | 0.65% | -0.16% | 0.73% | -0.77% | -1.10% | -0.04% | 1.35% | 0.05% | -2.66% |
| 2021 | 0.24% | -0.38% | 0.10% | 0.32% | 0.01% | 0.10% | 0.16% | -0.05% | -0.22% | -0.15% | 0.09% | 0.01% | 0.22% |
| 2020 | 0.58% | 0.33% | -1.88% | 0.03% | 1.44% | 0.34% | 0.49% | 0.09% | 0.01% | -0.06% | 0.32% | 0.25% | 1.93% |
| 2019 | 0.35% | 0.19% | 0.35% | 0.05% | 0.52% | 0.34% | 0.44% | 0.27% | -0.35% | 0.20% | 0.11% | 0.28% | 2.79% |
| 2018 | 0.09% | 0.01% | -0.07% | -0.13% | 0.34% | 0.26% | 0.19% | 0.11% | -0.29% | 0.04% | 0.27% | 0.43% | 1.25% |
| 2017 | 0.48% | 0.31% | 0.08% | 0.16% | 0.32% | -0.15% | 0.32% | 0.32% | -0.16% | -0.07% | -0.46% | 0.08% | 1.24% |
| 2016 | 0.30% | 0.07% | -0.16% | 0.23% | 0.00% | 0.38% | 0.22% | -0.01% | -0.24% | -0.09% | -0.87% | -0.01% | -0.18% |
| 2015 | 0.46% | -0.17% | -0.08% | -0.08% | -0.32% | 0.16% | 0.16% | 0.08% | 0.15% | 0.23% | -0.16% | -0.02% | 0.40% |
| 2014 | 0.29% | 0.21% | -0.25% | 0.22% | 0.15% | -0.09% | 0.06% | 0.14% | 0.06% | 0.06% | 0.05% | -0.32% | 0.59% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 93, MPSTX is among the top 7% of 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.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BNY Mellon National Short Term Municipal Bond Fund (MPSTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BNY Mellon National Short Term Municipal Bond Fund provided a 2.45% dividend yield over the last twelve months, with an annual payout of $0.31 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 | $0.31 | $0.30 | $0.22 | $0.15 | $0.14 | $0.16 | $0.18 | $0.16 | $0.13 | $0.11 | $0.12 | $0.10 |
Dividend yield | 2.45% | 2.37% | 1.72% | 1.19% | 1.08% | 1.21% | 1.41% | 1.24% | 1.00% | 0.84% | 0.94% | 0.75% |
Monthly Dividends
The table displays the monthly dividend distributions for BNY Mellon National Short Term 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 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.30 |
| 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 | $0.22 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.15 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2020 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
| 2019 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.18 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.16 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.12 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
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 National Short Term 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 National Short Term Municipal Bond Fund was 5.15%, occurring on Mar 20, 2020. Recovery took 92 trading sessions.
The current BNY Mellon National Short Term Municipal Bond Fund drawdown is 0.08%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.15% | Mar 10, 2020 | 9 | Mar 20, 2020 | 92 | Jul 31, 2020 | 101 |
| -4.51% | Aug 5, 2021 | 308 | Oct 24, 2022 | 289 | Dec 14, 2023 | 597 |
| -2.55% | Sep 15, 2008 | 24 | Oct 16, 2008 | 58 | Jan 9, 2009 | 82 |
| -2.4% | Nov 14, 2001 | 90 | Mar 26, 2002 | 112 | Sep 5, 2002 | 202 |
| -2.09% | Mar 15, 2004 | 43 | May 13, 2004 | 106 | Oct 14, 2004 | 149 |
Volatility
Volatility Chart
The current BNY Mellon National Short Term Municipal Bond Fund volatility is 0.34%, 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.