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Launched

BNY Mellon Municipal Opportunities ETF

BMOPNasdaqBNY MellonC

$24.00+0.01 (+0.06%)

At close: Nov 2, 2026, 4:00 PM ET

C51/ 100

Rank 45 of 63 in Other Municipal Bond

C51/100Rank 45 of 63inOther Municipal Bond
Intraday session: up, 79 prints from 23.99 to 24.00. Range 23.99 to 24.08. Use the arrow keys to read each point.24.0224.0424.0624.0810 AM12 PM2 PM4 PM
Expense ratio
0.49%*
Fund size
$1.52B
1Y total return
No data
Yield · Last 12 months
No data
Holdings
622
Avg volume · 30D
247K sh
52W range
low $23.25high $25.28
Launched

*After a fee waiver that ends Dec 31, 2027. Without it: 0.54%.

The ETF.net BMOP Grade

C

Score 51 out of 100

Category
Other Municipal Bond⁠
Rank
45 of 63
Six-pillar profile for BMOP. Scores out of 100: Cost 11, Risk 44, Mission 88, Tradability 52, Holdings 80, Durability 70. Strongest: Mission (88). Weakest: Cost (11). Leans toward Mission.

Score 51 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.
    F11 out of 100
    Rank 56 of 63

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A88 out of 100
    Rank 33 of 59

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C44 out of 100
    Rank 43 of 63

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C52 out of 100
    Rank 30 of 63

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A80 out of 100
    Rank 14 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 20 of 63

Our read on BMOP

ETF.net Research

In short

CA 2008-vintage muni strategy that reached the ETF market the long way: it ran for years as a BNY Mellon mutual fund before reorganizing into this ETF in January 2026. Still actively managed, still hunting mispriced bonds across the muni market.

Stated mandate

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

Why people hold it

  • Active by design: the team uses fundamental credit work and relative value to trade across muni sectors, and can overweight a sector it judges cheap.bny.com
  • The mandate is plain: high current income exempt from federal income tax plus capital appreciation, spread across roughly 700 municipal bonds.
  • Not a startup fund. The strategy dates to 2008 as the BNY Mellon Municipal Opportunities Fund and carried those operations into the ETF at the January 2026 reorganization.bny.com
  • Size counts in a dealer-quoted market like munis: this is a multi-billion-dollar, moderately traded fund rather than a thin new listing.

Worth knowing

  • You pay for the active seat: 0.49% net of a waiver through December 31, 2027 (0.54% gross), above the category median, next to index peers VTEB at 0.03% and MUB at 0.05%.
  • No index to fall back on. Results follow the team's sector and credit calls, not the Bloomberg U.S. Municipal Bond Index used as its broad benchmark.bny.combny.com 2
  • The exemption the fund targets is federal income tax. State and local taxes can still apply to what you collect.

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$9,859
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. BMOP $9,859. SPY $10,141. Use the arrow keys to read each point.$9,500$10,000$10,500Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 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 unavailableNo data
1 month+2.6%
3 months−1.4%
1 yearHistory unavailableNo data
3 yearsHistory unavailableper yearNo data
5 yearsHistory unavailableper yearNo data
10 yearsHistory unavailableper yearNo data

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−0.9%

History from Jan 12, 2026

BMOP in the news

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
Nov 2, 2026Pays Nov 5, 2026$0.08
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

Risk pillarC44 out of 100Rank 43 of 63 in Other Municipal Bond
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.

FMP measures it over up to five years of monthly returns.

BMOP Cost

Compare BMOP and VTEB

Overpaying vs VTEB, tied cheapest in Other Municipal Bond

$9,154

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BMOP 0.49%

    $9,792

  • VTEB 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • BMOP 0.49%
  • VTEB 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530BMOP $9,792VTEB $638

Year by year

YearBMOPVTEBOverpaying
10$883$55$828
20$3,394$216$3,178
30$9,792$638$9,154
How the 0.49% is worked out

Full fee 0.54%− waiver 0.05%= you pay 0.49%

The waiver ends Dec 31, 2027. After that the fee is 0.54% unless BNY Mellon renews it. Source: prospectus, Jul 2026.

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