BNY Mellon Opportunistic Municipal Securities Fund (PTEBX)

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BNY Mellon Opportunistic Municipal Securities Fund (PTEBX) is up 1.8% since the beginning of the year. PTEBX is currently trading at $12 per share. Investors who bought $1,000 worth of PTEBX shares 5 years ago would now be looking at an investment worth $1,038.

BNY Mellon Opportunistic Municipal Securities Fund (PTEBX) has returned 1.81% so far this year and 7.39% over the past 12 months. Over the last ten years, PTEBX has returned 2.06% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Jan 2, 1987, PTEBX's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.

Historically, 66% of months were positive and 34% were negative. The best month was Nov 2023 with a return of +6.6%, while the worst month was Sep 1987 at -9.2%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.

On a daily basis, PTEBX closed higher 40% of trading days. The best single day was Mar 25, 2020 with a return of +3.6%, while the worst single day was Sep 4, 1987 at -3.8%.

BNY Mellon Opportunistic Municipal Securities Fund has an annualized alpha of 3.82%, beta of 0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since January 05, 1987.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (15.41%) than losses (5.24%) - typical of diversified or defensive assets.
• Beta of 0.02 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PTEBX has an expense ratio of 0.72%, placing it in the medium range.

PTEBX ranks 68 for risk / return — better than 68% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for BNY Mellon Opportunistic Municipal Securities Fund (PTEBX) and compare them to S&P 500 Index.

BNY Mellon Opportunistic Municipal Securities Fund provided a 3.46% dividend yield over the last twelve months, with an annual payout of $0.42 per share. The fund has been increasing its distributions for 3 consecutive years.

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

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.

The table below displays the maximum drawdowns of the BNY Mellon Opportunistic Municipal Securities 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 Opportunistic Municipal Securities Fund was 25.35%, occurring on Oct 19, 1987. Recovery took 835 trading sessions.

The current BNY Mellon Opportunistic Municipal Securities Fund drawdown is 0.26%.

The chart below shows the rolling one-month volatility.