NPORT-EX 2 c10251bnymellonpenn-may20211.htm Untitled Document

STATEMENT OF INVESTMENTS
BNY Mellon Pennsylvania Intermediate Municipal Bond Fund

May 31, 2021 (Unaudited)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 103.0%

     

California - 2.3%

     

California Public Works Board, Revenue Bonds, Refunding, Ser. A

 

5.00

 

8/1/2030

 

650,000

 

830,676

 

California Public Works Board, Revenue Bonds, Refunding, Ser. A

 

5.00

 

2/1/2028

 

1,800,000

 

2,235,785

 

University of California, Revenue Bonds, Refunding, Ser. S

 

5.00

 

5/15/2028

 

500,000

 

617,619

 

University of California, Revenue Bonds, Refunding, Ser. S

 

5.00

 

5/15/2027

 

700,000

 

844,221

 
 

4,528,301

 

Colorado - .1%

     

Colorado Educational & Cultural Facilities Authority, Revenue Bonds (National Jewish Federation) (LOC; JPMorgan Chase Bank NA) Ser. D6

 

0.01

 

9/1/2038

 

200,000

a 

200,000

 

Illinois - 2.7%

     

Chicago II, GO, Refunding, Ser. A

 

5.00

 

1/1/2029

 

500,000

 

623,433

 

Chicago II, GO, Refunding, Ser. A

 

5.00

 

1/1/2026

 

500,000

 

586,038

 

Chicago II, GO, Ser. 2002B

 

5.25

 

1/1/2022

 

1,285,000

 

1,317,564

 

Chicago II, GO, Ser. A

 

5.00

 

1/1/2024

 

500,000

 

552,814

 

Illinois, GO

 

5.25

 

2/1/2029

 

2,000,000

 

2,216,240

 
 

5,296,089

 

Indiana - .0%

     

Indiana Finance Authority, Revenue Bonds, Refunding (Duke Energy Indiana Project) (LOC; Sumitomo Mitsui Banking) Ser. A5

 

0.03

 

10/1/2040

 

100,000

a 

100,000

 

Kentucky - 1.7%

     

Kentucky Public Energy Authority, Revenue Bonds (Gas Supply) Ser. B

 

4.00

 

1/1/2025

 

1,000,000

 

1,113,232

 

Kentucky Public Energy Authority, Revenue Bonds (Gas Supply) Ser. C1

 

4.00

 

6/1/2025

 

2,000,000

 

2,254,689

 
 

3,367,921

 

Michigan - .1%

     

Grand Traverse County Hospital Finance Authority, Revenue Bonds, Refunding (Munson Healthcare Obligated Group) (LOC; PNC Bank NA) Ser. C

 

0.02

 

7/1/2041

 

100,000

a 

100,000

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 103.0% (continued)

     

Nebraska - 1.1%

     

Central Plains Energy Project, Revenue Bonds, Refunding

 

4.00

 

8/1/2025

 

2,000,000

 

2,275,995

 

New Jersey - 2.8%

     

New Jersey Economic Development Authority, Revenue Bonds, Refunding (School Facilities Construction) Ser. GGG

 

5.25

 

9/1/2024

 

1,425,000

b 

1,640,791

 

New Jersey Transportation Trust Fund Authority, Revenue Bonds, Refunding

 

5.00

 

12/15/2026

 

725,000

 

887,569

 

Tobacco Settlement Financing Corp., Revenue Bonds, Refunding, Ser. A

 

5.00

 

6/1/2031

 

625,000

 

782,455

 

Tobacco Settlement Financing Corp., Revenue Bonds, Refunding, Ser. A

 

5.00

 

6/1/2029

 

875,000

 

1,108,028

 

Tobacco Settlement Financing Corp., Revenue Bonds, Refunding, Ser. A

 

5.00

 

6/1/2028

 

875,000

 

1,117,755

 
 

5,536,598

 

New York - 8.1%

     

Metropolitan Transportation Authority, Revenue Bonds, Refunding (Green Bond) Ser. A2

 

5.00

 

5/15/2024

 

1,625,000

 

1,833,012

 

Metropolitan Transportation Authority, Revenue Bonds, Refunding, Ser. C1

 

5.25

 

11/15/2031

 

1,000,000

 

1,177,722

 

New York City, GO, Refunding, Ser. F2

 

3.24

 

8/1/2027

 

1,175,000

 

1,296,374

 

New York City Housing Development Corp., Revenue Bonds, Ser. B2

 

5.25

 

7/1/2032

 

1,350,000

 

1,469,176

 

New York City Transitional Finance Authority, Revenue Bonds

 

5.00

 

5/1/2033

 

1,450,000

 

1,926,991

 

New York City Water & Sewer System, Revenue Bonds, Ser. BB

 

0.02

 

6/15/2049

 

300,000

a 

300,000

 

New York Liberty Development Corp., Revenue Bonds, Refunding (Bank of America Tower)

 

2.63

 

9/15/2069

 

1,675,000

 

1,730,436

 

New York Liberty Development Corp., Revenue Bonds, Refunding (Class 1-3 World Trade Center Project)

 

5.00

 

11/15/2044

 

2,250,000

b 

2,489,966

 

New York State Dormitory Authority, Revenue Bonds, Refunding (State of New York Personal Income Tax) Ser. A

 

4.00

 

3/15/2037

 

1,000,000

 

1,208,785

 

New York State Dormitory Authority, Revenue Bonds, Refunding, Ser. A

 

4.00

 

3/15/2034

 

1,000,000

 

1,224,189

 


          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 103.0% (continued)

     

New York - 8.1% (continued)

     

New York Transportation Development Corp., Revenue Bonds (Delta Air Lines)

 

5.00

 

1/1/2024

 

1,350,000

 

1,500,398

 
 

16,157,049

 

Oregon - .1%

     

Oregon, GO, Refunding (Veterans Welfare) Ser. J

 

0.02

 

6/1/2039

 

265,000

a 

265,000

 

Pennsylvania - 83.1%

     

Allegheny County Higher Education Building Authority, Revenue Bonds, Refunding (Duquesne University)

 

5.00

 

3/1/2026

 

1,000,000

 

1,195,838

 

Allegheny County Hospital Development Authority, Revenue Bonds, Refunding (Allegheny Health Network Obligated Group) Ser. A

 

5.00

 

4/1/2030

 

1,000,000

 

1,252,785

 

Allegheny County Hospital Development Authority, Revenue Bonds, Refunding (UPMC Obligated Group) Ser. A

 

5.00

 

7/15/2034

 

690,000

 

886,357

 

Allegheny County Hospital Development Authority, Revenue Bonds, Refunding (UPMC Obligated Group) Ser. B

 

5.00

 

10/15/2031

 

1,190,000

 

1,580,308

 

Allegheny County Port Authority, Revenue Bonds, Refunding

 

5.00

 

3/1/2029

 

2,000,000

 

2,550,462

 

Boyertown Area School District, GO (Insured; State Aid Withholding)

 

5.00

 

4/1/2024

 

1,060,000

c 

1,199,990

 

Capital Region Water, Revenue Bonds, Refunding

 

5.00

 

7/15/2026

 

750,000

 

896,067

 

Chartiers Valley School District, GO (Insured; State Aid Withholding) Ser. B

 

5.00

 

4/15/2025

 

1,500,000

c 

1,764,666

 

Chester County, GO

 

4.00

 

7/15/2034

 

500,000

 

603,829

 

Chester County, GO

 

4.00

 

7/15/2036

 

500,000

 

600,534

 

Chester County Avon Grove School District, GO (Insured; State Aid Withholding) Ser. A

 

4.00

 

11/15/2037

 

1,000,000

 

1,200,256

 

Chester County Health & Education Facilities Authority, Revenue Bonds (Main Line Health System Obligated Group) Ser. A

 

4.00

 

9/1/2037

 

910,000

 

1,098,706

 

Chester County Health & Education Facilities Authority, Revenue Bonds (Main Line Health System Obligated Group) Ser. A

 

4.00

 

9/1/2038

 

600,000

 

722,574

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 103.0% (continued)

     

Pennsylvania - 83.1% (continued)

     

Chester County Health & Education Facilities Authority, Revenue Bonds (Main Line Health System Obligated Group) Ser. A

 

4.00

 

9/1/2039

 

970,000

 

1,165,316

 

Chester County Industrial Development Authority, Revenue Bonds (Longwood Gardens Project)

 

5.00

 

12/1/2034

 

375,000

 

485,527

 

Chester County Industrial Development Authority, Revenue Bonds (Longwood Gardens Project)

 

5.00

 

12/1/2033

 

740,000

 

961,458

 

Commonwealth Financing Authority, Revenue Bonds

 

5.00

 

6/1/2032

 

2,500,000

 

3,090,406

 

Cumberland County Municipal Authority, Revenue Bonds (Penn State Health Obligated Group)

 

5.00

 

11/1/2034

 

1,000,000

 

1,289,145

 

Cumberland County Municipal Authority, Revenue Bonds (Penn State Health Obligated Group)

 

5.00

 

11/1/2032

 

1,000,000

 

1,304,363

 

Dallastown Area School District, GO, Refunding (Insured; State Aid Withholding)

 

5.00

 

4/15/2031

 

1,400,000

 

1,635,602

 

Dauphin County General Authority, Revenue Bonds, Refunding (Pinnacle Health Systems Project) Ser. A

 

5.00

 

6/1/2029

 

1,000,000

 

1,195,612

 

Delaware Valley Regional Finance Authority, Revenue Bonds, Ser. A

 

2.00

 

10/1/2029

 

1,000,000

 

1,046,491

 

Derry Township Industrial & Commercial Development Authority, Revenue Bonds, Refunding

 

4.00

 

11/15/2028

 

425,000

 

507,121

 

Derry Township Industrial & Commercial Development Authority, Revenue Bonds, Refunding

 

4.00

 

11/15/2027

 

745,000

 

874,882

 

Derry Township Industrial & Commercial Development Authority, Revenue Bonds, Refunding

 

4.00

 

11/15/2029

 

355,000

 

427,139

 

Downingtown Area School District, GO (Insured; State Aid Withholding) Ser. C

 

5.00

 

8/1/2030

 

1,455,000

 

1,786,341

 

Easton Area School District, GO (Insured; State Aid Withholding) Ser. A

 

5.00

 

4/1/2029

 

1,090,000

 

1,316,422

 


          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 103.0% (continued)

     

Pennsylvania - 83.1% (continued)

     

Erie County, GO, Refunding (Insured; National Public Finance Guarantee Corp.) Ser. A

 

5.50

 

9/1/2022

 

1,640,000

 

1,746,845

 

Erie Water Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

2.07

 

12/1/2026

 

275,000

 

288,582

 

Erie Water Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

2.16

 

12/1/2027

 

650,000

 

678,504

 

Franklin County, GO, Refunding

 

4.00

 

11/1/2032

 

1,205,000

 

1,406,255

 

Garnet Valley School District, GO, Refunding (Insured; State Aid Withholding)

 

4.00

 

4/1/2027

 

1,000,000

 

1,131,351

 

Geisinger Authority, Revenue Bonds, Refunding (Geisinger Health System Obligated Group)

 

5.00

 

4/1/2035

 

1,100,000

 

1,427,654

 

Lancaster County Solid Waste Management Authority, Revenue Bonds (Insured; County Guaranty) Ser. B

 

5.00

 

12/15/2033

 

1,895,000

 

2,118,179

 

Latrobe Industrial Development Authority, Revenue Bonds, Refunding (Seton Hill University)

 

5.00

 

3/1/2028

 

110,000

 

131,646

 

Latrobe Industrial Development Authority, Revenue Bonds, Refunding (Seton Hill University)

 

5.00

 

3/1/2027

 

145,000

 

171,077

 

Latrobe Industrial Development Authority, Revenue Bonds, Refunding (Seton Hill University)

 

5.00

 

3/1/2030

 

135,000

 

164,409

 

Latrobe Industrial Development Authority, Revenue Bonds, Refunding (Seton Hill University)

 

5.00

 

3/1/2031

 

175,000

 

215,763

 

Latrobe Industrial Development Authority, Revenue Bonds, Refunding (Seton Hill University)

 

5.00

 

3/1/2029

 

150,000

 

181,308

 

Latrobe Industrial Development Authority, Revenue Bonds, Refunding (Seton Hill University)

 

5.00

 

3/1/2026

 

150,000

 

173,678

 

Latrobe Industrial Development Authority, Revenue Bonds, Refunding (Seton Hill University)

 

5.00

 

3/1/2024

 

80,000

 

88,201

 

Latrobe Industrial Development Authority, Revenue Bonds, Refunding (Seton Hill University)

 

5.00

 

3/1/2025

 

115,000

 

130,159

 

Lebanon School District, GO, Refunding (Insured; Assured Guaranty Municipal Corp.)

 

4.00

 

6/15/2031

 

1,500,000

 

1,743,261

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 103.0% (continued)

     

Pennsylvania - 83.1% (continued)

     

Lower Merion Township, GO, Ser. B

 

4.00

 

7/15/2030

 

440,000

 

489,527

 

Lower Merion Township, GO, Ser. B

 

4.00

 

7/15/2031

 

460,000

 

510,868

 

Lower Merion Township, GO, Ser. B

 

4.00

 

7/15/2034

 

515,000

 

568,904

 

Lower Merion Township, GO, Ser. B

 

4.00

 

7/15/2033

 

495,000

 

547,622

 

Lower Merion Township, GO, Ser. B

 

4.00

 

7/15/2029

 

425,000

 

473,401

 

Montgomery County Higher Education & Health Authority, Revenue Bonds, Refunding (The Hill School Project)

 

5.00

 

8/15/2037

 

500,000

 

585,673

 

Montgomery County Higher Education & Health Authority, Revenue Bonds, Refunding (Thomas Jefferson University Obligated Group Project)

 

4.00

 

9/1/2034

 

1,000,000

 

1,178,057

 

Montgomery County Higher Education & Health Authority, Revenue Bonds, Refunding (Thomas Jefferson University Obligated Group)

 

5.00

 

9/1/2030

 

1,600,000

 

2,030,232

 

Mount Lebanon Hospital Authority, Revenue Bonds (St. Clair Memorial Hospital Project)

 

5.00

 

7/1/2035

 

1,000,000

 

1,235,883

 

Mount Lebanon Hospital Authority, Revenue Bonds (St. Clair Memorial Hospital Project)

 

5.00

 

7/1/2036

 

1,105,000

 

1,360,869

 

Northampton County General Purpose Authority, Revenue Bonds, Refunding (Lafayette College) Ser. A

 

5.00

 

11/1/2023

 

2,000,000

c 

2,234,666

 

Northampton County General Purpose Authority, Revenue Bonds, Refunding (Lehigh University) Ser. A

 

4.00

 

11/15/2035

 

1,030,000

 

1,178,701

 

Pennsbury School District, GO (Insured; St Aid Withholding) Ser. A

 

5.00

 

8/1/2040

 

810,000

 

990,343

 

Pennsbury School District, GO (Insured; St Aid Withholding) Ser. A

 

5.00

 

8/1/2035

 

630,000

 

778,919

 

Pennsylvania, GO (Insured; Assured Guaranty Municipal Corp.) Ser. 2nd

 

3.00

 

9/15/2033

 

530,000

 

577,155

 

Pennsylvania, GO, Ser. 1st

 

5.00

 

3/15/2028

 

2,200,000

 

2,585,949

 

Pennsylvania Economic Development Financing Authority, Revenue Bonds (State System of Higher Education)

 

1.97

 

6/15/2028

 

1,000,000

 

1,013,196

 


          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 103.0% (continued)

     

Pennsylvania - 83.1% (continued)

     

Pennsylvania Economic Development Financing Authority, Revenue Bonds (Waste Management Project) Ser. A

 

2.15

 

11/1/2021

 

2,375,000

 

2,393,720

 

Pennsylvania Economic Development Financing Authority, Revenue Bonds, Refunding (Amtrak Project) Ser. A

 

5.00

 

11/1/2026

 

1,000,000

 

1,062,277

 

Pennsylvania Economic Development Financing Authority, Revenue Bonds, Refunding (Forum Place Project)

 

5.00

 

3/1/2022

 

1,000,000

c 

1,036,435

 

Pennsylvania Economic Development Financing Authority, Revenue Bonds, Refunding (UPMC Obligated Group)

 

4.00

 

3/15/2032

 

1,690,000

 

1,943,638

 

Pennsylvania Economic Development Financing Authority, Revenue Bonds, Refunding (UPMC Obligated Group) Ser. A

 

4.00

 

10/15/2037

 

1,375,000

 

1,678,196

 

Pennsylvania Higher Educational Facilities Authority, Revenue Bonds (Insured; Build American Mutual) Ser. AT1

 

5.00

 

6/15/2027

 

1,000,000

 

1,210,451

 

Pennsylvania Higher Educational Facilities Authority, Revenue Bonds (Temple University) Ser. 1st

 

5.00

 

4/1/2022

 

1,000,000

c 

1,040,926

 

Pennsylvania Higher Educational Facilities Authority, Revenue Bonds (The Trustees of the University of Pennsylvania) Ser. A

 

5.00

 

8/15/2032

 

1,000,000

 

1,223,733

 

Pennsylvania Higher Educational Facilities Authority, Revenue Bonds (The University of Pennsylvania Health System Obligated Group)

 

5.00

 

8/15/2033

 

1,000,000

 

1,297,667

 

Pennsylvania Higher Educational Facilities Authority, Revenue Bonds (The University of Pennsylvania Health System Obligated Group) Ser. E

 

4.00

 

8/15/2034

 

1,000,000

 

1,159,878

 

Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Refunding (Drexel University)

 

5.00

 

5/1/2028

 

1,855,000

 

2,316,084

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 103.0% (continued)

     

Pennsylvania - 83.1% (continued)

     

Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Refunding (Drexel University) (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

5.00

 

5/1/2029

 

1,115,000

 

1,447,668

 

Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Refunding (State System of Higher Education) Ser. AQ

 

5.00

 

6/15/2025

 

1,000,000

 

1,178,952

 

Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Refunding (The University of Pennsylvania Health System Obligated Group)

 

5.00

 

8/15/2035

 

1,200,000

 

1,398,043

 

Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Refunding (University of Pennsylvania)

 

5.00

 

8/15/2031

 

400,000

 

509,718

 

Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Refunding (University of Pennsylvania)

 

5.00

 

8/15/2032

 

400,000

 

517,968

 

Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Refunding (University of Pennsylvania)

 

5.00

 

8/15/2029

 

375,000

 

463,219

 

Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Refunding (University of Pennsylvania)

 

5.00

 

8/15/2030

 

375,000

 

470,341

 

Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Refunding (University of Sciences)

 

5.00

 

11/1/2025

 

1,000,000

 

1,180,354

 

Pennsylvania Housing Finance Agency, Revenue Bonds, Refunding, Ser. 122

 

3.65

 

10/1/2032

 

2,000,000

 

2,132,702

 

Pennsylvania Housing Finance Agency, Revenue Bonds, Ser. 114C

 

3.65

 

10/1/2037

 

1,000,000

 

1,008,934

 

Pennsylvania Housing Finance Agency, Revenue Bonds, Ser. 2019-131A

 

3.50

 

4/1/2049

 

1,850,000

 

1,994,787

 

Pennsylvania Turnpike Commission, Revenue Bonds (Motor License Fund) Ser. A

 

5.00

 

12/1/2022

 

2,415,000

c 

2,590,482

 

Pennsylvania Turnpike Commission, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

5.25

 

7/15/2025

 

2,500,000

 

2,997,965

 


          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 103.0% (continued)

     

Pennsylvania - 83.1% (continued)

     

Pennsylvania Turnpike Commission, Revenue Bonds, Refunding (Motor License Fund)

 

5.00

 

12/1/2034

 

1,000,000

 

1,242,176

 

Pennsylvania Turnpike Commission, Revenue Bonds, Refunding (Motor License Fund)

 

5.00

 

12/1/2040

 

1,260,000

 

1,523,491

 

Pennsylvania Turnpike Commission, Revenue Bonds, Refunding (Motor License Fund)

 

5.00

 

12/1/2038

 

1,230,000

 

1,516,873

 

Pennsylvania Turnpike Commission, Revenue Bonds, Refunding, Ser. A

 

5.00

 

12/1/2030

 

1,325,000

 

1,627,638

 

Pennsylvania Turnpike Commission, Revenue Bonds, Refunding, Ser. A1

 

5.25

 

12/1/2035

 

2,280,000

 

2,741,394

 

Pennsylvania Turnpike Commission, Revenue Bonds, Refunding, Ser. B2

 

5.00

 

6/1/2032

 

1,000,000

 

1,224,448

 

Philadelphia, GO, Refunding

 

5.00

 

8/1/2029

 

1,000,000

 

1,248,146

 

Philadelphia, GO, Refunding (Insured; Assured Guaranty Municipal Corp.)

 

5.00

 

8/1/2030

 

1,275,000

 

1,585,104

 

Philadelphia, GO, Refunding, Ser. A

 

5.00

 

8/1/2029

 

1,000,000

 

1,248,146

 

Philadelphia, GO, Ser. B

 

5.00

 

2/1/2028

 

1,085,000

 

1,370,446

 

Philadelphia Airport, Revenue Bonds, Refunding, Ser. B

 

5.00

 

7/1/2025

 

2,000,000

 

2,352,542

 

Philadelphia Airport, Revenue Bonds, Refunding, Ser. B

 

5.00

 

7/1/2031

 

1,520,000

 

1,863,259

 

Philadelphia Airport, Revenue Bonds, Refunding, Ser. B

 

5.00

 

7/1/2027

 

1,000,000

 

1,242,700

 

Philadelphia Authority for Industrial Development, Revenue Bonds (Green Bond) (Philadelphia Museum) Ser. A

 

5.00

 

2/15/2034

 

1,250,000

 

1,556,674

 

Philadelphia Authority for Industrial Development, Revenue Bonds, Refunding (St. Joseph's University)

 

5.00

 

11/1/2026

 

850,000

 

1,030,581

 

Philadelphia Authority for Industrial Development, Revenue Bonds, Refunding (St. Joseph's University)

 

5.00

 

11/1/2027

 

850,000

 

1,055,901

 

Philadelphia Authority for Industrial Development, Revenue Bonds, Refunding, Ser. 2016

 

5.00

 

4/1/2025

 

1,500,000

 

1,750,253

 

Philadelphia Authority for Industrial Development, Revenue Bonds, Refunding, Ser. 2016

 

5.00

 

4/1/2031

 

2,000,000

 

2,324,362

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 103.0% (continued)

     

Pennsylvania - 83.1% (continued)

     

Philadelphia Industrial Development Authority, Revenue Bonds, Refunding (Children's Hospital of Philadelphia Project)

 

4.00

 

7/1/2036

 

1,000,000

 

1,159,516

 

Philadelphia Water & Wastewater, Revenue Bonds, Refunding, Ser. B

 

5.00

 

7/1/2031

 

2,000,000

 

2,350,773

 

Pittsburgh, GO, Refunding, Ser. A

 

3.00

 

9/1/2033

 

325,000

 

355,238

 

Pittsburgh, GO, Refunding, Ser. A

 

3.00

 

9/1/2032

 

500,000

 

548,045

 

Pittsburgh, GO, Refunding, Ser. A

 

4.00

 

9/1/2030

 

500,000

 

604,387

 

Pittsburgh & Allegheny County Sports & Exhibition Authority, Revenue Bonds

 

5.00

 

12/15/2023

 

855,000

 

953,389

 

Pittsburgh & Allegheny County Sports & Exhibition Authority, Revenue Bonds

 

5.00

 

12/15/2032

 

1,000,000

 

1,249,361

 

Pittsburgh & Allegheny County Sports & Exhibition Authority, Revenue Bonds

 

5.00

 

12/15/2024

 

940,000

 

1,086,248

 

Pittsburgh Water & Sewer Authority, Revenue Bonds (Insured; Assured Guaranty Municipal Corp.) Ser. B

 

5.00

 

9/1/2023

 

2,580,000

c 

2,858,759

 

Pittsburgh Water & Sewer Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

5.00

 

9/1/2026

 

1,000,000

 

1,221,505

 

Selinsgrove Area School District, GO, Refunding (Insured; State Aid Withholding) Ser. B

 

3.00

 

3/1/2026

 

1,095,000

 

1,188,463

 

Seneca Valley School District, GO (Insured; State Aid Withholding)

 

4.00

 

7/15/2032

 

1,000,000

 

1,208,527

 

Southcentral Pennsylvania General Authority, Revenue Bonds, Refunding (Wellspan Health Obligated Group) Ser. A

 

5.00

 

6/1/2027

 

2,085,000

 

2,353,008

 

State Public School Building Authority, Revenue Bonds, Refunding (The School District of Philadelphia) (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

5.00

 

6/1/2024

 

2,000,000

 

2,257,082

 

Susquehanna Township School District, GO, Refunding (Insured; State Aid Withholding)

 

4.00

 

11/15/2027

 

1,975,000

 

2,187,998

 

Susquehanna Township School District, GO, Refunding (Insured; State Aid Withholding) Ser. R

 

3.00

 

5/15/2031

 

1,730,000

 

1,920,182

 

The Canonsburg-Houston Joint Authority, Revenue Bonds, Ser. A

 

5.00

 

12/1/2024

 

1,220,000

 

1,388,394

 


          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 103.0% (continued)

     

Pennsylvania - 83.1% (continued)

     

The Canonsburg-Houston Joint Authority, Revenue Bonds, Ser. A

 

5.00

 

12/1/2028

 

1,605,000

 

1,907,478

 

The Canonsburg-Houston Joint Authority, Revenue Bonds, Ser. A

 

5.00

 

12/1/2023

 

1,260,000

 

1,391,959

 

The Pennsylvania University, Revenue Bonds, Ser. A

 

5.00

 

9/1/2033

 

1,010,000

 

1,219,266

 

The Philadelphia School District, GO (Insured; State Aid Withholding) Ser. A

 

5.00

 

9/1/2028

 

500,000

 

632,277

 

Tredyffrin Easttown School District, GO (Insured; State Aid Withholding)

 

5.00

 

2/15/2036

 

1,365,000

 

1,676,102

 

Tredyffrin Easttown School District, GO (Insured; State Aid Withholding)

 

5.00

 

2/15/2034

 

240,000

 

295,300

 

Upper Merion Area School District, GO (Insured; State Aid Withholding)

 

5.00

 

1/15/2036

 

250,000

 

296,332

 

Upper Merion Area School District, GO (Insured; State Aid Withholding)

 

5.00

 

1/15/2037

 

275,000

 

325,281

 

Upper Merion Area School District, GO (Insured; State Aid Withholding)

 

5.00

 

1/15/2034

 

350,000

 

416,615

 

Upper Merion Area School District, GO (Insured; State Aid Withholding)

 

5.00

 

1/15/2035

 

420,000

 

498,887

 

Upper Moreland Township School District, GO (Insured; State Aid Withholding)

 

4.00

 

10/1/2033

 

780,000

 

828,233

 

Upper St. Clair Township School District, GO (Insured; State Aid Withholding)

 

5.00

 

10/1/2041

 

1,000,000

 

1,140,435

 

West Chester Area School District, GO, Refunding (Insured; State Aid Withholding)

 

2.00

 

3/15/2031

 

820,000

 

858,650

 

West Mifflin School District, GO, Refunding (Insured; Assured Guaranty Municipal Corp.)

 

5.00

 

4/1/2026

 

1,000,000

 

1,188,296

 

Whitemarsh Township, GO, Refunding

 

4.00

 

11/15/2039

 

1,000,000

 

1,076,452

 

Whitemarsh Township, GO, Refunding

 

4.00

 

11/15/2035

 

605,000

 

653,867

 
 

164,829,611

 

U.S. Related - .9%

     

Guam, Revenue Bonds, Ser. A

 

5.00

 

1/1/2024

 

1,500,000

 

1,541,216

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 103.0% (continued)

     

U.S. Related - .9% (continued)

     

Puerto Rico Infrastructure Financing Authority, Revenue Bonds, Ser. B

 

5.00

 

7/1/2021

 

800,000

d 

208,000

 
 

1,749,216

 

Total Investments (cost $192,240,788)

 

103.0%

204,405,780

 

Liabilities, Less Cash and Receivables

 

(3.0%)

(6,049,132)

 

Net Assets

 

100.0%

198,356,648

 

a The Variable Rate shall be determined by the Remarketing Agent in its sole discretion based on prevailing market conditions and may, but need not, be established by reference to one or more financial indices.

b Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At May 31, 2021, these securities were valued at $4,130,757 or 2.08% of net assets.

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.

d Non-income producing—security in default.


STATEMENT OF INVESTMENTS
BNY Mellon Pennsylvania Intermediate Municipal Bond Fund

May 31, 2021 (Unaudited)

The following is a summary of the inputs used as of May 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

204,405,780

204,405,780

 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 May 31, 2021, accumulated net unrealized appreciation on investments was $12,164,992, consisting of $12,823,311 gross unrealized appreciation and $658,319 gross unrealized depreciation.

At May 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.