PTPAX — BNY Mellon Pennsylvania Fund
Data updated: 2023-02-27
PTPAX — BNY Mellon Pennsylvania Fund. Bond · $88.42M AUM · 0.93% expense ratio · -10.5% 1-yr return. Holdings, fees, performance and SEC filings.
PTPAX Fund Overview
PTPAX — BNY Mellon Pennsylvania Fund is a US mutual fund managed by BNY Mellon State Municipal Bond Funds, categorised as Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: BNY Mellon State Municipal Bond Funds
- Category: Bond
- Assets under management: $88.42M
- 1-year return: -10.5%
- Ticker: PTPAX
- SEC CIK: 0000806176
- SEC series ID: S000000353
- Share class ID: C000000903
PTPAX Investment Objective and Strategy
BNY Mellon Pennsylvania Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by BNY Mellon State Municipal Bond Funds.
Investment objective
The fund seeks to maximize current income exempt from federal income tax and from Pennsylvania state income tax, without undue risk.
Principal investment strategy
"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 income taxes. Municipal bonds are debt securities or other obligations issued by states, territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies and instrumentalities, or multistate agencies and authorities, and certain other specified securities. The fund invests at least 70% of its assets in municipal bonds rated, at the time of purchase, investment grade (i.e., Baa/BBB or higher) or the unrated equivalent as determined by The Dreyfus Corporation. For additional yield, the fund may invest up to 30% of its assets in municipal bonds rated below investment grade (""high yield"" or ""junk"" bonds) or the unrated equivalent as determined by The Dreyfus Corporation.
The dollar-weighted average maturity of the fund's portfolio normally exceeds ten years, but the fund may invest without regard to maturity. A bond's maturity is the length of time until the principal must be fully repaid with interest. Dollar-weighted average maturity is an average of the stated maturities of the bonds held by the fund, based on their dollar-weighted proportions in the fund. The fund's portfolio managers focus on identifying undervalued sectors and securities. To select municipal bonds for the fund, the portfolio managers use fundamental credit analysis to estimate the relative value and attractiveness of various sectors and securities and actively trade among various sectors based on their apparent relative values. Although the fund seeks to provide income exempt from federal and Pennsylvania state income taxes, income from some of the fund's holdings may be subject to the federal alternative minimum tax."
PTPAX Performance
Total returns for PTPAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -10.5% |
| 3 years (annualised) | -1.5% |
PTPAX Risk Information
Risk metrics for PTPAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.5%
PTPAX Costs and Fees
PTPAX costs about $93 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.93%
- Gross expense ratio: 1.03%
- Portfolio turnover: 15%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
PTPAX Cashflows
Over the 12 months to 2022-12, BNY Mellon Pennsylvania Fund had net outflows of $16.21M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-12 | −$2.08M |
| 2022-11 | −$638.01K |
| 2022-10 | −$789.08K |
| 2022-09 | −$777.29K |
| 2022-08 | −$1.55M |
| 2022-07 | −$2.28M |
PTPAX Debt Constituents
No individual debt constituents are reported in BNY Mellon Pennsylvania Fund's latest SEC N-PORT filing.
PTPAX Prospectus and SEC Filings
Official BNY Mellon Pennsylvania Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-08-25
- Prospectus (485BPOS) — filed 2021-08-26
- Prospectus (485BPOS) — filed 2020-09-15
- Portfolio holdings (N-PORT) — filed 2023-02-27
- Portfolio holdings (N-PORT) — filed 2022-12-23
- Portfolio holdings (N-PORT) — filed 2022-09-30
- Annual census (N-CEN) — filed 2022-07-05
- Annual census (N-CEN) — filed 2021-07-06
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.