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Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$11.64
$92.9 M
2.26%
$0.26
0.79%
YTD Return
2.2%
1 yr return
9.0%
3 Yr Avg Return
0.0%
5 Yr Avg Return
0.8%
Net Assets
$92.9 M
Holdings in Top 10
19.5%
Expense Ratio 0.79%
Front Load N/A
Deferred Load N/A
Turnover 47.09%
Redemption Fee N/A
Standard (Taxable)
$10,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$11.64
$92.9 M
2.26%
$0.26
0.79%
To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that provide income exempt from federal and Pennsylvania state personal income taxes. These municipal bonds include those issued by the Commonwealth of Pennsylvania as well as those issued by territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies and instrumentalities, or multistate agencies and authorities.
The fund's investments in municipal and taxable bonds must be rated investment grade (i.e., Baa/BBB or higher) at the time of purchase or, if unrated, deemed of comparable quality by BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). Generally, the fund's average effective portfolio maturity will be between three and ten years and the average effective duration of the fund's portfolio will not exceed eight years. The fund may invest in individual municipal and taxable bonds of any maturity or duration. A bond's maturity is the length of time until the principal must be fully repaid with interest. Average effective portfolio maturity is an average of the maturities of bonds held by the fund directly and the bonds underlying derivative instruments entered into by the fund, if any, adjusted to reflect provisions or market conditions that may cause a bond's principal to be repaid earlier than at its stated maturity. Duration is an indication of an investment's "interest rate risk," or how sensitive a bond or the fund's portfolio may be to changes in interest rates.
The fund typically sells a security when the fund's portfolio managers believe that there has been a negative change in the credit quality of the issuer or have identified a more attractive opportunity or when the portfolio managers seek to manage the fund's duration or tax position or to provide liquidity to meet shareholder redemptions.
Period | MPPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.2% | -1.9% | 26.5% | 81.95% |
1 Yr | 9.0% | 2.4% | 37.3% | 71.40% |
3 Yr | 0.0%* | -9.9% | 3.4% | 41.53% |
5 Yr | 0.8%* | -6.7% | 1104.9% | 49.23% |
10 Yr | 1.8%* | -0.8% | 248.9% | 46.06% |
* Annualized
Period | MPPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.9% | -1.4% | 41.0% | 43.98% |
2022 | -9.4% | -39.7% | 0.3% | 29.55% |
2021 | -1.6% | -5.6% | 6.9% | 93.75% |
2020 | 1.6% | -2.6% | 310.0% | 53.96% |
2019 | 4.3% | 0.0% | 26.0% | 32.98% |
Period | MPPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.2% | -1.9% | 26.5% | 81.95% |
1 Yr | 9.0% | 2.4% | 37.3% | 71.40% |
3 Yr | 0.0%* | -9.9% | 3.4% | 41.53% |
5 Yr | 0.8%* | -6.7% | 1104.9% | 49.23% |
10 Yr | 1.8%* | -0.8% | 248.9% | 46.06% |
* Annualized
Period | MPPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.6% | -1.3% | 41.0% | 53.49% |
2022 | -7.2% | -39.7% | 1.1% | 28.48% |
2021 | 1.3% | -4.8% | 23761504.0% | 56.79% |
2020 | 3.8% | -1.5% | 17057.9% | 48.82% |
2019 | 7.1% | 0.2% | 3514.6% | 33.90% |
MPPIX | Category Low | Category High | MPPIX % Rank | |
---|---|---|---|---|
Net Assets | 92.9 M | 3.22 M | 71.9 B | 87.52% |
Number of Holdings | 106 | 4 | 13418 | 81.49% |
Net Assets in Top 10 | 18.1 M | -317 M | 3.45 B | 89.05% |
Weighting of Top 10 | 19.48% | 1.9% | 100.1% | 42.10% |
Weighting | Return Low | Return High | MPPIX % Rank | |
---|---|---|---|---|
Bonds | 100.65% | 0.00% | 150.86% | 14.26% |
Stocks | 0.00% | 0.00% | 99.89% | 37.86% |
Preferred Stocks | 0.00% | 0.00% | 0.08% | 28.67% |
Other | 0.00% | -3.72% | 51.88% | 36.43% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 27.91% |
Cash | 0.00% | -50.86% | 43.45% | 87.99% |
Weighting | Return Low | Return High | MPPIX % Rank | |
---|---|---|---|---|
Municipal | 99.94% | 44.39% | 100.00% | 15.26% |
Derivative | 0.00% | -3.72% | 51.88% | 33.51% |
Cash & Equivalents | 0.00% | 0.00% | 43.45% | 68.68% |
Securitized | 0.00% | 0.00% | 5.93% | 28.58% |
Corporate | 0.00% | 0.00% | 9.41% | 39.37% |
Government | 0.00% | 0.00% | 52.02% | 33.31% |
Weighting | Return Low | Return High | MPPIX % Rank | |
---|---|---|---|---|
US | 100.65% | 0.00% | 142.23% | 13.74% |
Non US | 0.00% | 0.00% | 23.89% | 33.31% |
MPPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.79% | 0.01% | 8.02% | 43.49% |
Management Fee | 0.50% | 0.00% | 1.20% | 81.17% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.15% | 0.01% | 0.44% | 63.67% |
MPPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
MPPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
MPPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 47.09% | 0.00% | 283.00% | 91.76% |
MPPIX | Category Low | Category High | MPPIX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.26% | 0.00% | 14.51% | 73.54% |
MPPIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
MPPIX | Category Low | Category High | MPPIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.93% | -0.53% | 5.33% | 51.58% |
MPPIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.022 | OrdinaryDividend |
Aug 30, 2024 | $0.026 | OrdinaryDividend |
Jul 31, 2024 | $0.024 | OrdinaryDividend |
Apr 30, 2024 | $0.023 | OrdinaryDividend |
Mar 28, 2024 | $0.024 | OrdinaryDividend |
Feb 29, 2024 | $0.022 | OrdinaryDividend |
Jan 31, 2024 | $0.024 | OrdinaryDividend |
Dec 29, 2023 | $0.024 | OrdinaryDividend |
Nov 30, 2023 | $0.022 | OrdinaryDividend |
Oct 31, 2023 | $0.024 | OrdinaryDividend |
Sep 29, 2023 | $0.021 | OrdinaryDividend |
Aug 31, 2023 | $0.023 | OrdinaryDividend |
Jul 31, 2023 | $0.023 | OrdinaryDividend |
Jun 30, 2023 | $0.022 | OrdinaryDividend |
May 31, 2023 | $0.024 | OrdinaryDividend |
Apr 28, 2023 | $0.020 | OrdinaryDividend |
Mar 31, 2023 | $0.022 | OrdinaryDividend |
Feb 28, 2023 | $0.020 | OrdinaryDividend |
Jan 31, 2023 | $0.022 | OrdinaryDividend |
Dec 30, 2022 | $0.021 | OrdinaryDividend |
Nov 30, 2022 | $0.021 | OrdinaryDividend |
Oct 31, 2022 | $0.022 | OrdinaryDividend |
Sep 30, 2022 | $0.021 | OrdinaryDividend |
Aug 31, 2022 | $0.023 | OrdinaryDividend |
Jul 29, 2022 | $0.020 | OrdinaryDividend |
Jun 30, 2022 | $0.020 | OrdinaryDividend |
May 31, 2022 | $0.022 | OrdinaryDividend |
Apr 29, 2022 | $0.019 | OrdinaryDividend |
Mar 31, 2022 | $0.021 | OrdinaryDividend |
Feb 28, 2022 | $0.019 | OrdinaryDividend |
Jan 31, 2022 | $0.020 | OrdinaryDividend |
Dec 31, 2021 | $0.021 | OrdinaryDividend |
Dec 23, 2021 | $0.021 | CapitalGainShortTerm |
Dec 23, 2021 | $0.086 | CapitalGainLongTerm |
Nov 30, 2021 | $0.021 | OrdinaryDividend |
Oct 29, 2021 | $0.018 | OrdinaryDividend |
Sep 30, 2021 | $0.020 | OrdinaryDividend |
Aug 31, 2021 | $0.021 | OrdinaryDividend |
Jul 30, 2021 | $0.020 | OrdinaryDividend |
Jun 30, 2021 | $0.022 | OrdinaryDividend |
May 28, 2021 | $0.019 | OrdinaryDividend |
Apr 30, 2021 | $0.020 | OrdinaryDividend |
Mar 31, 2021 | $0.021 | OrdinaryDividend |
Feb 26, 2021 | $0.018 | OrdinaryDividend |
Jan 29, 2021 | $0.019 | OrdinaryDividend |
Dec 31, 2020 | $0.021 | OrdinaryDividend |
Dec 23, 2020 | $0.005 | CapitalGainShortTerm |
Dec 23, 2020 | $0.074 | CapitalGainLongTerm |
Nov 30, 2020 | $0.021 | OrdinaryDividend |
Oct 30, 2020 | $0.021 | OrdinaryDividend |
Sep 30, 2020 | $0.021 | OrdinaryDividend |
Aug 31, 2020 | $0.022 | OrdinaryDividend |
Jun 30, 2020 | $0.023 | OrdinaryDividend |
May 29, 2020 | $0.021 | OrdinaryDividend |
Feb 28, 2020 | $0.020 | OrdinaryDividend |
Dec 31, 2019 | $0.023 | OrdinaryDividend |
Dec 27, 2019 | $0.006 | CapitalGainShortTerm |
Dec 27, 2019 | $0.017 | CapitalGainLongTerm |
Nov 29, 2019 | $0.021 | OrdinaryDividend |
Oct 31, 2019 | $0.023 | OrdinaryDividend |
Sep 30, 2019 | $0.023 | OrdinaryDividend |
Aug 30, 2019 | $0.023 | OrdinaryDividend |
Jul 31, 2019 | $0.025 | OrdinaryDividend |
Dec 28, 2017 | $0.021 | CapitalGainLongTerm |
Dec 29, 2016 | $0.014 | CapitalGainShortTerm |
Dec 29, 2016 | $0.183 | CapitalGainLongTerm |
Dec 23, 2015 | $0.006 | CapitalGainShortTerm |
Dec 23, 2015 | $0.032 | CapitalGainLongTerm |
Dec 19, 2013 | $0.112 | CapitalGainLongTerm |
Dec 13, 2012 | $0.006 | CapitalGainShortTerm |
Dec 13, 2012 | $0.084 | CapitalGainLongTerm |
Dec 10, 2009 | $0.003 | CapitalGainShortTerm |
Dec 11, 2008 | $0.006 | CapitalGainShortTerm |
Dec 11, 2008 | $0.035 | CapitalGainLongTerm |
Start Date
Tenure
Tenure Rank
Oct 02, 2000
21.67
21.7%
Mary Collette O'Brien, CFA, has been employed by Dreyfus since July 1996. She is a managing director of The Bank of New York Mellon, which she joined in April 1995. O'Brien is a member of the New York Society of Security Analysts. O'Brien holds the Chartered Financial Analyst designation.
Start Date
Tenure
Tenure Rank
Sep 15, 2015
6.71
6.7%
Gregory J. Conant, CFA, has been employed by Dreyfus since September 2015. He is a vice president of The Bank of New York Mellon, which he joined in June 1998.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.33 | 1.58 |
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