MNYIX BNY Mellon NY Intermediate T/E Bd Inv Forecast, Technical & Fundamental Analysis

The investment seeks as high a level of income exempt from federal, New York state and New York city income taxes as is consistent with the preservation of capital. 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, New York State and New York City personal income taxes. Generally, the fund's average effective portfolio maturity will be between three and ten years. The fund may invest in individual municipal and taxable bonds of any maturity or duration.