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BMOP

GradeCNASDAQ Global Market

BNY Mellon Municipal Opportunities ETF

Municipal Bond · BNY Mellon · Inception 2008-10-15

$23.76−0.19 (−0.79%)

As of Sep 23, 2026, 2:02 PM EDT

History starts Jan 12, 2026.History starts Jan 12, 2026.
Intraday session: down, 33 prints from 23.95 to 23.76. Range 23.75 to 24.07. Use the arrow keys to read each point.$23.80$23.90$24.00$24.1010 AM12 PM2 PM4 PM
Expense ratio
0.54%
Fund size
$1.7B
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
673
Volume · 30D
0.1M sh
NAV per share
$24.04
52W range
low $23.89high $25.28

The ETF.net BMOP Grade

C

44/ 100

Rank 52 of 63 in Other Municipal Bond⁠

Confidence Medium

Six-pillar profile for BMOP. Scores out of 100: Cost 10, Risk 50, Mission not scored, Tradability 74, Holdings 84, Durability 71. Strongest: Holdings (84). Weakest: Cost (10). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 44 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 10
    Category rank57/63 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 50
    Category rank37/62 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 74
    Category rank12/63 · top 19%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 84
    Category rank9/63 · top 14%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 71
    Category rank17/63 · top 27%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

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 Sep 21, 2026, 3:33 AM
Asset class
Bonds
Holdings
673
Top-10 weight
7%
Largest holding
INTERMOUNTAIN PWR AGY 5 7/1/20420.9%
The fund’s holdings, weight-ordered — page 1 of 45.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—INTERMOUNTAIN PWR AGY 5 7/1/20420.88%15,000,000$15M1
002—CA CMNTY CHOICE FIN-F 5 11/1/20330.78%13,000,000$13M2
003—AUSTIN TX ARPT SYS RE 5 11/15/20460.76%13,120,000$13M1
004—PUERTO RICO CMWLTH AQ 5 7/1/20300.74%12,250,000$13M1
005—Net Current Assets0.73%12,551,983$13M132
006—MA BAY TRANS AUTH-A 5 7/1/20380.66%10,715,000$11M1
007—NJ EDUCTNL FACS-A FRN 7/1/20640.62%10,000,000$11M1
008—UNIV OF TEXAS SYS BRD 5 7/1/20410.62%10,300,000$11M1
009—MD HLTH HGR AUTH-B FRN 8/15/20560.61%10,000,000$11M2
010—LA DEPT OF WTR-B-REF 5 7/1/20370.61%10,000,000$10M2
011—WASHINGTON ST-A 5 8/1/20400.60%10,000,000$10M1
012—MAIN STREET NATURAL-C FRN 12/1/20540.60%10,000,000$10M2
013—BLACK BELT-SER-C FRN 5/1/20550.60%10,000,000$10M2
014—TENNERGY CORP -A FRN 10/1/20540.60%10,000,000$10M1
015—CA CMNTY CHOICE FIN-C FRN 8/1/20550.59%10,000,000$10M1

Showing 1–15 of 665 holdings

BMOP Performance

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

BMOP$9,647
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. BMOP $9,647. SPY $10,415. Use the arrow keys to read each point.$9,583$10,049$10,514Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 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−2.7%
3 months−3.5%
1 yearHistory unavailable—
3 yearsHistory unavailable—per year
5 yearsHistory unavailable—per year
10 yearsHistory unavailable—per 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−1.8%

History from Jan 12, 2026

BMOP in the news

ETF.net Research hasn’t filed on BMOP yet — coverage lands here as it’s written.

BMOP Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
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. 8 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. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
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%

55 of the 62 Other Municipal Bond funds charge less.

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