BMOP ETF — BNY Mellon Municipal Opportunities ETF

BNY Mellon Municipal Opportunities ETF (BMOP)

BMOP is an ETF. its distribution rate is 3.95%, its trailing-12-month yield is 2.26%, its expense ratio is 0.49%. Dividend Vision Distribution Safety Score™ is 79/100 (Generally safe). Total return is -1.5% over the past 0.7 years, 11.9 points behind SPY at 10.4%.

At the current 3.95% distribution rate, a $10,000 investment would generate approximately $395 per year, or $32.92 per month.

BNY Mellon Municipal Opportunities ETF is a fund that invests primarily in U.S. municipal bonds offering federal tax-exempt income, with up to 20% allocated to taxable fixed-income securities including taxable municipal bonds and foreign debt. The fund carries a modest current distribution rate paid monthly and has a low expense ratio of 0.49%. It appeals to tax-conscious income investors seeking regular distributions from tax-advantaged municipal bonds.

BMOP performance versus SPY

Price and return data through 2026-09-18.

Total return is -1.5% over the past 0.7 years, 11.9 points behind SPY at 10.4%.

BMOP key facts

Distribution Safety Score™

79 · Generally safe

Safety-Adjusted Yield

3.12%

Issuer

BNY Mellon

Asset type

ETF

Asset class

Fixed Income

Inception date

10/15/2008

Expense ratio

0.49%

Distribution rate

3.95%

Distribution frequency

Monthly

Trailing yield

2.26%

Last close

$23.98 (as of 2026-09-21)

NAV

$24.03

Premium / discount

0.21% discount

AUM

$1,725,585,949

Average volume

365920.0

Last dividend

$0.079

Last ex-dividend date

09/01/2026 (as of 2026-09-01)

Last payment date

09/04/2026 (as of 2026-09-04)

Beta

1.03

How Dividend Vision calculates yield and returns

Distribution rate (3.95%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (2.26%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: BNY Mellon; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BMOP risks and drawbacks

BMOP's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window.

Who may consider BMOP — and who may not

BMOP may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from BNY Mellon.