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BNY Mellon Municipal Opportunities ETF

BMOPNasdaqC

$23.57+0.15 (+0.64%)

At close: Oct 13, 2026, 4:00 PM

C54/ 100

Rank 39 of 63 in Other Municipal Bond

C54/100Rank 39 of 63inOther Municipal Bond
Intraday session: up, 66 prints from 23.42 to 23.57. Range 23.46 to 23.59. Use the arrow keys to read each point.23.4523.4823.5023.5223.5510 AM12 PM2 PM4 PM
Expense ratio
0.54%
Fund size
$1.6B
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
647
Avg volume · 30D
0.2M sh
NAV per share
$23.47
52W range
low $23.25high $25.28
Launched

The ETF.net BMOP Grade

C

Score 54 out of 100

Category
Other Municipal Bond⁠
Rank
39 of 63
Six-pillar profile for BMOP. Scores out of 100: Cost 10, Risk 47, Mission 87, Tradability 70, Holdings 84, Durability 70. Strongest: Mission (87). Weakest: Cost (10). Leans toward Mission and Holdings.

Score 54 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F10 out of 100
    Rank 57 of 63

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A87 out of 100
    Rank 34 of 59

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C47 out of 100
    Rank 33 of 63

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A70 out of 100
    Rank 13 of 63

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A84 out of 100
    Rank 9 of 63

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A70 out of 100
    Rank 19 of 63

Our read on BMOP

ETF.net Research

CA national muni fund with a wide leash: up to half the portfolio can sit in high yield munis, and it targets no set maturity or duration. The strategy dates to 2008 and reached the ETF wrapper through a mutual fund conversion.

Stated mandate

The ETF seeks total return through high current income exempt from federal income tax and capital appreciation.

Why people hold it

  1. 01The "opportunities" label is literal: at least half investment grade, up to half below investment grade for extra yield, and bonds of any maturity or duration.bny.combny.com
  2. 02Credit risk is spread across roughly 700 bonds, picked by an affiliated muni desk (sub-adviser Insight North America) doing fundamental credit work.bny.com
  3. 03A multi-billion-dollar fund that carried its portfolio managers and a strategy history reaching back to 2008 over from the predecessor mutual fund.bny.com
  4. 04Core mandate stays on target: at least 80% of net assets in bonds paying income exempt from federal income tax, with up to 20% in taxable fixed income.bny.com

Worth knowing

  1. 010.54% a year, versus a muni-ETF median near 0.30% and 0.03% at index shops like VTEB and SCMB. Active credit selection is what the premium buys.
  2. 02Half the book can sit below investment grade and there's no duration target, so it can swing with credit spreads and rates more than a plain investment-grade muni fund.bny.com
  3. 03Performance shown before the January 2026 conversion belongs to the predecessor mutual fund, which ran a different fee structure.bny.com

BMOP Holdings

As of Oct 13, 2026
Asset class
Bonds
Holdings
647
Top-10 weight
7%
Largest holding
Intermountain Pwr Agy 5 7/1/20420.9%
The fund’s holdings, weight-ordered — page 1 of 44.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Intermountain Pwr Agy 5 7/1/20420.94%15,000,000$15M1
002—Ca Cmnty Choice Fin-F 5 11/1/20330.83%13,000,000$13M1
003—Austin Tx Arpt Sys Re 5 11/15/20460.81%13,120,000$13M1
004—Cash0.79%12,545,239$13M420
005—Md Hlth Hgr Auth-B Frn 8/15/20560.65%10,000,000$10M2
006—La Dept of Wtr-B-Ref 5 7/1/20370.65%10,000,000$10M2
007—Tennergy Corp -A Frn 10/1/20540.64%10,000,000$10M1
008—Black Belt-Ser-C Frn 5/1/20550.64%10,000,000$10M2
009—Main Street Natural-C Frn 12/1/20540.63%10,000,000$10M2
010—Puerto Rico Cmwlth Aq 5 7/1/20300.63%10,000,000$10M1
011—Ca Cmnty Choice Fin-C Frn 8/1/20550.63%10,000,000$10M1
012—Ma Sch Bldg-B-Sub 5.25 2/15/20480.63%10,000,000$10M1
013—Black Belt Energy-K 5 10/1/20330.62%10,000,000$10M1
014—Idaho St Hsg & Fin As 5 8/15/20430.61%9,655,000$10M1
015—Ma Sch Bldg-Sub-A 5.25 2/15/20480.60%9,500,000$10M1

Showing 1–15 of 647 holdings

BMOP Performance

Launched Oct 15, 2008

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
BMOP$9,434
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. BMOP $9,434. SPY $10,332. Use the arrow keys to read each point.$9,281$9,853$10,424Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BMOP. Periods over one year show the average yearly return.
PeriodBMOP
Year to dateHistory unavailable—
1 month−2.3%
3 months−5.7%
1 yearHistory unavailable—
3 yearsHistory unavailableper year—
5 yearsHistory unavailableper year—
10 yearsHistory unavailableper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BMOP
YearReturn barBMOP
2026 YTD−3.6%

History from Jan 12, 2026

BMOP in the news

Filtered to BMOP · Other Municipal Bond

BMOP Dividends

Last payment
$0.08 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 9 payments in 2026 YTD. Feb 2, 2026 $0.05; Mar 2, 2026 $0.08; Apr 1, 2026 $0.05; May 1, 2026 $0.06; Jun 1, 2026 $0.06; Jul 1, 2026 $0.08; Aug 3, 2026 $0.08; Sep 1, 2026 $0.08; Oct 1, 2026 $0.08. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 1, 2026Oct 6, 2026$0.08
Sep 1, 2026Sep 4, 2026$0.08
Aug 3, 2026Aug 6, 2026$0.08
Jul 1, 2026Jul 7, 2026$0.08
Jun 1, 2026Jun 4, 2026$0.06
May 1, 2026May 6, 2026$0.06
Apr 1, 2026Apr 7, 2026$0.05
Mar 2, 2026Mar 5, 2026$0.08
Feb 2, 2026Feb 5, 2026$0.05

BMOP Risk

How much the fund’s monthly returns vary, scaled to a year.
—
No data available
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
No data available
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
No data available
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.03
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

BMOP Cost

Expense ratio0.54%
  • The middle half of Other Municipal Bond funds
  • Median 0.30%

56 of the 63 Other Municipal Bond funds charge less.

BMOP costs $54.00 a year on $10,000. The median Other Municipal Bond fund costs $30.00.

Other funds in Other Municipal Bond

See others