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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 7/06/20 Bny Mellon Funds Trust NT NPORTEX 5/31/19 1:246K 1775697 → BNY Mellon New York Intermediate Tax-Exempt Bond Fund ⇒ Class M (MNYMX) — Investor Shares (MNYIX) |
Document/Exhibit Description Pages Size 1: NPORT-EX Portfolio Holdings Schedule -- Form N-PORT HTML 78K
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| Untitled Document |
STATEMENT
OF INVESTMENTS
BNY Mellon New York Intermediate Tax-Exempt Bond Fund
May 31, 2019 (Unaudited)
Description | Coupon | Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 100.4% | |||||||||
Alabama - 1.1% | |||||||||
Black
Belt Energy Gas District, | 4.00 | 12/1/2025 | 1,500,000 | 1,658,430 | |||||
Florida - .6% | |||||||||
Orange County Health Facilities Authority, | 5.00 | 10/1/2024 | 750,000 | 875,993 | |||||
Illinois - 1.8% | |||||||||
Chicago, | 5.25 | 1/1/2022 | 1,150,000 | 1,225,267 | |||||
Illinois, | 5.00 | 11/1/2026 | 1,250,000 | 1,432,837 | |||||
2,658,104 | |||||||||
Michigan - .8% | |||||||||
Michigan Finance Authority, | 5.00 | 12/1/2033 | 1,150,000 | 1,252,120 | |||||
New Jersey - 3.9% | |||||||||
New
Jersey Economic Development Authority, | 5.25 | 12/15/2020 | 1,000,000 | 1,050,910 | |||||
New Jersey Economic Development
Authority, | 5.25 | 12/15/2021 | 1,265,000 | 1,370,020 | |||||
New Jersey Economic Development
Authority, | 5.00 | 3/1/2025 | 1,070,000 | 1,151,106 | |||||
New Jersey Tobacco Settlement Financing Corporation, | 5.00 | 6/1/2031 | 500,000 | 595,665 | |||||
New Jersey Tobacco Settlement
Financing Corporation, | 5.00 | 6/1/2029 | 750,000 | 906,863 | |||||
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STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 100.4% (continued) | |||||||||
New Jersey - 3.9% (continued) | |||||||||
New Jersey Tobacco Settlement
Financing Corporation, | 5.00 | 6/1/2028 | 750,000 | 913,642 | |||||
5,988,206 | |||||||||
New York - 90.5% | |||||||||
Albany
County Airport Authority, | 5.00 | 12/15/2023 | 1,500,000 | 1,552,380 | |||||
Battery Park City Authority, | 5.00 | 11/1/2023 | 1,065,000 | 1,231,129 | |||||
Build NYC Resource Corporation, | 5.00 | 8/1/2029 | 200,000 | 231,814 | |||||
Build NYC Resource Corporation, | 5.00 | 8/1/2027 | 300,000 | 351,207 | |||||
Build NYC Resource Corporation, | 5.00 | 8/1/2026 | 350,000 | 410,827 | |||||
Dutchess County Local Development Corporation, | 5.00 | 7/1/2026 | 1,000,000 | 1,206,260 | |||||
Dutchess County Local Development Corporation, | 5.00 | 7/1/2028 | 1,000,000 | 1,234,380 | |||||
Dutchess County Local Development Corporation, | 5.00 | 7/1/2033 | 920,000 | 1,104,064 | |||||
Dutchess County Local Development Corporation, | 5.00 | 7/1/2026 | 525,000 | 627,911 | |||||
Dutchess County Local Development Corporation, | 5.00 | 7/1/2027 | 1,000,000 | 1,214,990 | |||||
East Ramapo Central School District, | 5.00 | 12/15/2024 | 1,240,000 | 1,464,787 | |||||
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Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 100.4% (continued) | |||||||||
New York - 90.5% (continued) | |||||||||
Haverstraw-Stony Point
Central School District, | 5.00 | 10/15/2034 | 730,000 | 826,455 | |||||
Haverstraw-Stony Point
Central School District, | 5.00 | 10/15/2033 | 725,000 | 822,426 | |||||
Hudson Yards Infrastructure
Corporation, | 5.00 | 2/15/2033 | 1,310,000 | 1,598,043 | |||||
Long Island Power Authority, | 5.00 | 9/1/2033 | 1,500,000 | 1,829,040 | |||||
Metropolitan Transportation Authority, | 5.00 | 11/15/2035 | 1,570,000 | 1,898,679 | |||||
Metropolitan Transportation
Authority, | 5.00 | 11/15/2024 | 2,300,000 | 2,684,859 | |||||
Metropolitan Transportation Authority, | 4.00 | 11/15/2033 | 1,000,000 | 1,124,160 | |||||
Metropolitan Transportation
Authority, | 5.00 | 11/15/2025 | 1,000,000 | 1,200,820 | |||||
Metropolitan Transportation Authority, | 5.25 | 11/15/2035 | 1,000,000 | 1,224,360 | |||||
Metropolitan Transportation
Authority, | 5.00 | 11/15/2035 | 1,215,000 | 1,446,287 | |||||
Metropolitan Transportation Authority, | 5.25 | 11/15/2030 | 1,000,000 | 1,202,110 | |||||
Metropolitan Transportation
Authority, | 5.00 | 11/15/2038 | 1,010,000 | 1,111,778 | |||||
Monroe County Industrial
Development Corporation, | 5.00 | 12/1/2032 | 1,000,000 | 1,179,150 | |||||
Monroe County Industrial Development Corporation, | 5.00 | 12/1/2028 | 1,095,000 | 1,318,533 | |||||
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STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 100.4% (continued) | |||||||||
New York - 90.5% (continued) | |||||||||
Monroe County Industrial
Development Corporation, | 4.00 | 7/1/2035 | 1,000,000 | 1,111,560 | |||||
Nassau County, | 5.00 | 4/1/2029 | 1,500,000 | 1,722,090 | |||||
Nassau County, | 5.00 | 1/1/2032 | 1,640,000 | 1,931,084 | |||||
Nassau County, | 5.00 | 4/1/2036 | 1,000,000 | 1,187,690 | |||||
Nassau County, | 5.00 | 1/15/2031 | 500,000 | 603,975 | |||||
New York & New Jersey
Port Authority, | 5.00 | 5/1/2030 | 1,000,000 | 1,187,920 | |||||
New York & New Jersey Port Authority, | 5.00 | 9/15/2024 | 3,000,000 | 3,507,360 | |||||
New York City, | 2.40 | 10/1/2038 | 1,600,000 | a | 1,600,000 | ||||
New York City, | 2.33 | 8/1/2024 | 100,000 | a | 100,000 | ||||
New York City, | 5.00 | 8/1/2033 | 1,000,000 | 1,258,860 | |||||
New York City, | 5.00 | 8/1/2025 | 1,335,000 | 1,524,930 | |||||
New
York City, | 5.25 | 3/1/2031 | 1,065,000 | 1,353,264 | |||||
New York City Housing Development Corporation, | 4.00 | 7/1/2024 | 1,150,000 | 1,249,417 | |||||
New York City Housing
Development Corporation, | 3.38 | 11/15/2029 | 1,000,000 | 1,045,290 | |||||
New York City Housing Development Corporation, | 5.00 | 7/1/2025 | 1,500,000 | 1,696,380 | |||||
New York City Housing
Development Corporation, | 5.25 | 7/1/2032 | 1,500,000 | 1,672,470 | |||||
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Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 100.4% (continued) | |||||||||
New York - 90.5% (continued) | |||||||||
New York City Industrial
Development Agency, | 7.00 | 3/1/2049 | 1,000,000 | 1,004,790 | |||||
New York City Municipal
Water Finance Authority, | 2.20 | 6/15/2035 | 400,000 | a | 400,000 | ||||
New York City Municipal Water Finance Authority, | 5.00 | 6/15/2021 | 2,000,000 | b | 2,149,480 | ||||
New York City Municipal Water Finance Authority, | 4.00 | 6/15/2036 | 1,000,000 | 1,140,180 | |||||
New York City Municipal
Water Finance Authority, | 5.00 | 6/15/2034 | 1,000,000 | 1,265,230 | |||||
New York City Municipal Water Finance Authority, | 5.00 | 6/15/2035 | 1,000,000 | 1,258,400 | |||||
New York City Transitional
Finance Authority, | 5.25 | 8/1/2037 | 1,000,000 | 1,249,890 | |||||
New York City Transitional
Finance Authority, | 5.00 | 5/1/2029 | 2,000,000 | 2,197,880 | |||||
New York City Transitional Finance Authority, | 5.25 | 7/15/2036 | 1,000,000 | 1,256,100 | |||||
New York City Trust for
Cultural Resources, | 5.00 | 8/1/2031 | 1,480,000 | 1,668,508 | |||||
New York City Trust for Cultural Resources, | 5.00 | 7/1/2037 | 1,000,000 | 1,150,000 | |||||
New York City Trust for Cultural Resources, | 5.00 | 12/1/2026 | 1,075,000 | 1,332,624 | |||||
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STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 100.4% (continued) | |||||||||
New York - 90.5% (continued) | |||||||||
New York Convention Center
Development Corporation, | 5.00 | 11/15/2029 | 1,000,000 | 1,188,760 | |||||
New York Counties Tobacco Trust VI, | 5.00 | 6/1/2045 | 750,000 | 793,943 | |||||
New York Liberty Development Corporation, | 5.00 | 11/15/2044 | 2,000,000 | c | 2,186,980 | ||||
New York Liberty Development Corporation, | 5.15 | 11/15/2034 | 1,500,000 | c | 1,678,530 | ||||
New York State Dormitory Authority, | 5.63 | 11/1/2035 | 1,000,000 | 1,074,130 | |||||
New York State Dormitory Authority, | 4.00 | 7/1/2026 | 1,200,000 | 1,381,224 | |||||
New York State Dormitory
Authority, | 5.00 | 7/1/2043 | 2,400,000 | 2,694,216 | |||||
New York State Dormitory Authority, | 5.00 | 10/1/2030 | 1,045,000 | 1,296,542 | |||||
New York State Dormitory Authority, | 5.00 | 7/1/2034 | 550,000 | 669,510 | |||||
New York State Dormitory Authority, | 5.00 | 7/1/2032 | 640,000 | 784,339 | |||||
New York State Dormitory Authority, | 4.00 | 7/1/2034 | 1,000,000 | 1,106,620 | |||||
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Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 100.4% (continued) | |||||||||
New York - 90.5% (continued) | |||||||||
New York State Dormitory
Authority, | 5.00 | 3/15/2032 | 1,325,000 | 1,576,074 | |||||
New York State Dormitory Authority, | 5.00 | 7/1/2023 | 1,000,000 | 1,136,150 | |||||
New York State Dormitory Authority, | 5.00 | 10/1/2026 | 1,000,000 | 1,243,830 | |||||
New York State Dormitory Authority, | 5.00 | 7/1/2030 | 1,155,000 | 1,379,751 | |||||
New York State Dormitory
Authority, | 5.00 | 7/1/2031 | 2,000,000 | 2,393,140 | |||||
New York State Dormitory Authority, | 5.00 | 7/1/2023 | 1,000,000 | 1,035,860 | |||||
New York State Dormitory
Authority, | 5.00 | 7/1/2032 | 1,530,000 | 1,771,495 | |||||
New York State Dormitory Authority, | 5.00 | 10/1/2028 | 1,400,000 | 1,725,164 | |||||
New York State Dormitory
Authority, | 5.00 | 3/15/2030 | 1,275,000 | 1,567,115 | |||||
New York State Dormitory
Authority, | 5.00 | 3/15/2035 | 1,100,000 | 1,295,646 | |||||
New York State Housing
Finance Agency, | 4.13 | 11/1/2028 | 1,000,000 | 1,066,270 | |||||
New York State Thruway Authority, | 5.00 | 1/1/2031 | 2,000,000 | 2,345,660 | |||||
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STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 100.4% (continued) | |||||||||
New York - 90.5% (continued) | |||||||||
New York State Urban
Development Corporation, | 5.00 | 3/15/2031 | 1,500,000 | 1,838,325 | |||||
New York State Urban Development Corporation, | 5.00 | 3/15/2033 | 1,000,000 | 1,216,180 | |||||
New York Transportation
Development Corporation, | 5.00 | 1/1/2025 | 1,575,000 | 1,809,108 | |||||
Niagara Area Development Corporation, | 5.00 | 5/1/2035 | 500,000 | 538,045 | |||||
Niagara Frontier Transportation
Authority, | 5.00 | 4/1/2026 | 925,000 | 1,093,248 | |||||
Niagara Frontier Transportation Authority, | 5.00 | 4/1/2024 | 1,750,000 | 1,987,877 | |||||
Niagara Frontier Transportation Authority, | 5.00 | 4/1/2025 | 630,000 | 730,844 | |||||
Oyster Bay, | 5.00 | 8/15/2022 | 1,715,000 | 1,893,480 | |||||
Sales Tax Asset Receivable
Corporation, | 5.00 | 10/15/2031 | 1,060,000 | 1,244,769 | |||||
St. Lawrence County New York Development Agency, | 5.00 | 9/1/2029 | 1,000,000 | 1,196,790 | |||||
Suffolk County, | 5.00 | 2/1/2022 | 1,000,000 | 1,092,590 | |||||
Suffolk County, | 4.00 | 2/1/2024 | 2,115,000 | 2,355,433 | |||||
Suffolk County Water
Authority, | 4.00 | 6/1/2038 | 1,000,000 | 1,113,420 | |||||
Suffolk County Water Authority, | 4.00 | 6/1/2030 | 1,895,000 | 2,162,915 | |||||
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Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 100.4% (continued) | |||||||||
New York - 90.5% (continued) | |||||||||
TSASC, | 5.00 | 6/1/2024 | 500,000 | 570,060 | |||||
TSASC, | 5.00 | 6/1/2022 | 1,750,000 | 1,908,655 | |||||
Utility Debt Securitization
Authority, | 5.00 | 6/15/2027 | 1,600,000 | 1,925,808 | |||||
Utility Debt Securitization Authority, | 5.00 | 6/15/2026 | 2,000,000 | 2,309,780 | |||||
Westchester County Health
Care Corporation, | 5.00 | 11/1/2024 | 1,500,000 | 1,607,310 | |||||
Westchester County Health Care Corporation, | 5.00 | 11/1/2020 | 1,400,000 | 1,460,536 | |||||
Westchester County Local
Development Corporation, | 5.00 | 6/1/2037 | 1,000,000 | 1,159,390 | |||||
Westchester County Local Development Corporation, | 5.00 | 6/1/2026 | 1,000,000 | 1,169,290 | |||||
Westchester County Local Development Corporation, | 5.00 | 6/1/2025 | 1,105,000 | 1,273,082 | |||||
Westchester County Local Development Corporation, | 5.00 | 11/1/2028 | 1,000,000 | 1,164,520 | |||||
Yonkers, | 5.00 | 11/15/2026 | 1,000,000 | 1,233,720 | |||||
138,367,945 | |||||||||
U.S. Related - 1.7% | |||||||||
Guam, | 5.00 | 1/1/2024 | 1,000,000 | 1,062,080 | |||||
Puerto Rico Commonwealth, | 5.50 | 7/1/2019 | 1,550,000 | 1,552,666 | |||||
2,614,746 | |||||||||
Total Investments (cost $146,839,929) | 100.4% | 153,415,544 | |||||||
Liabilities, Less Cash and Receivables | (0.4%) | (565,466) | |||||||
Net Assets | 100.0% | 152,850,078 | |||||||
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STATEMENT OF INVESTMENTS (Unaudited) (continued)
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 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.
c 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, 2019, these securities were valued at $3,865,510 or 2.53% of net assets.
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STATEMENT
OF FINANCIAL FUTURES
BNY Mellon New York Intermediate Tax-Exempt Bond Fund
May 31, 2019 (Unaudited)
Description | Number
of | Expiration | Notional | Value ($) | Unrealized (Depreciation) ($) | |
Futures Short | ||||||
U.S. Treasury Long Bond | 20 | 9/19 | 2,973,590 | 3,074,375 | (100,785) | |
Gross Unrealized Depreciation | (100,785) | |||||
See notes to financial statements.
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STATEMENT
OF INVESTMENTS
BNY Mellon New York Intermediate Tax-Exempt Bond Fund
May 31, 2019 (Unaudited)
The following is a summary of the inputs used as of May 31, 2019 in valuing the fund’s investments:
| Level 1 - Unadjusted Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 -Significant Unobservable Inputs | Total |
Assets ($) | ||||
Investments in Securities: | ||||
Municipal Bonds† | − | 153,415,544 | − | 153,415,544 |
Liabilities ($) | ||||
Other Financial Instruments: | ||||
Futures†† | (100,785) | − | − | (100,785) |
† See Statement of Investments for additional detailed categorizations.
†† Amount shown represents unrealized (depreciation) at period end.
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NOTES
The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification 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 Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants. 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). Other investments (which constitute a majority of the portfolio securities) are carried at
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NOTES
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 restricted 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.
Options and financial futures on municipal and U.S. Treasury securities are valued at the last sales price on the securities exchange on which such securities are primarily traded or at the last sales price on the national securities market on each business day and are generally categorized within Level 1 of the fair value hierarchy.
Derivatives: A derivative is a financial instrument whose performance is derived from the performance of another asset. Each type of derivative instrument that was held by the fund at May 31, 2019 is discussed below.
Futures: In the normal course of pursuing its investment objective, the fund is exposed to market risk, including interest rate risk as a result of changes in value of underlying financial instruments. The fund invests in futures in order to manage its exposure to or protect against changes in the market. A futures contract represents a commitment for the future purchase or a sale of an asset at a specified date. Upon entering into such contracts, these investments require initial margin deposits with a counterparty, which consist of cash or cash equivalents. The amount of these deposits is determined by the exchange or Board of Trade on which the contract is traded and is subject to change. Accordingly, variation margin payments are received or made to reflect daily unrealized gains or losses which are recorded in the Statement of Operations. When the contracts are closed, the fund recognizes a realized gain or loss which is reflected in the Statement of Operations. There is minimal counterparty credit risk to the fund with futures since they are exchange traded, and the exchange guarantees the futures against default.
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NOTES
At May 31, 2019, accumulated net unrealized appreciation on investments was $6,575,615, consisting of $6,602,434 gross unrealized appreciation and $26,819 gross unrealized depreciation.
At May 31, 2019, 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.
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| This ‘NT NPORTEX’ Filing | Date | First | Last | Other Filings | |||||
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| Filed on: | 7/6/20 | NT NPORTEX | |||||||
| For Period end: | 5/31/19 | 1 | 15 | N-MFP2, N-Q, NT NPORTEX | |||||
| List all Filings | |||||||||