# EDGAR Filing Document

**Accession Number:** 0000878092
**File Stem:** 0000940400-26-002294
**Filing Date:** 2026-1
**Character Count:** 107868
**Document Hash:** cb0b260525f2f15deee77bd6fcd03572
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-002294.hdr.sgml**: 20260126

**ACCESSION NUMBER**: 0000940400-26-002294

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260126

**DATE AS OF CHANGE**: 20260126

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BNY MELLON MUNICIPAL FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000878092

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06377
- **FILM NUMBER:** 26559352

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10166
- **BUSINESS PHONE:** 2129226400

**MAIL ADDRESS:**
- **STREET 1:** C/O BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10166

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS MUNICIPAL FUNDS, INC.
- **DATE OF NAME CHANGE:** 20181030

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS MUNICIPAL FUNDS, INC
- **DATE OF NAME CHANGE:** 20181030

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS MUNICIPAL FUNDS INC
- **DATE OF NAME CHANGE:** 20030401

## Series and Classes Contracts Data

### BNY Mellon High Yield Municipal Bond Fund (Series ID: S000002850)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000007813 | Class Z        | DHMBX           |
| C000046743 | Class A        | DHYAX           |
| C000046744 | Class C        | DHYCX           |
| C000073399 | Class I Shares | DYBIX           |
| C000130453 | Class Y        | DHYYX           |

## Nport-Ex

BNY Mellon High Yield Municipal Bond Fund

SCHEDULE OF INVESTMENTS

November 30, 2025 (Unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon <br>Rate (%)<br>| Maturity <br>Date<br>| Principal <br>Amount ($)<br>| Value ($) |
| **Bonds and Notes — 1.5%** | **Bonds and Notes — 1.5%** | **Bonds and Notes — 1.5%** | **Bonds and Notes — 1.5%** | **Bonds and Notes — 1.5%** |
| **Collateralized Municipal-Backed Securities — 1.5%** | **Collateralized Municipal-Backed Securities — 1.5%** | **Collateralized Municipal-Backed Securities — 1.5%** | **Collateralized Municipal-Backed Securities — 1.5%** | **Collateralized Municipal-Backed Securities — 1.5%** |
| Arizona Industrial Development Authority, Revenue Bonds, Ser. 2019-2 | 3.63 | 5/20/2033 | 784672 | 777011 |
| &nbsp;&nbsp;&nbsp; Washington Housing Finance Commission, Revenue Bonds (Sustainable <br> Certificates) Ser. A<br>| 3.50 | 12/20/2035 | 1861484 | 1808745 |
| &nbsp;&nbsp;&nbsp; **Total Bonds and Notes** <br>(cost $2,931,545)<br>|  |  |  | **2585756** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Long-Term Municipal Investments — 102.5%** | **Long-Term Municipal Investments — 102.5%** | **Long-Term Municipal Investments — 102.5%** | **Long-Term Municipal Investments — 102.5%** | **Long-Term Municipal Investments — 102.5%** |
| **Alabama — 5.0%** | **Alabama — 5.0%** | **Alabama — 5.0%** | **Alabama — 5.0%** | **Alabama — 5.0%** |
| &nbsp;&nbsp;&nbsp; Baldwin County Industrial Development Authority, Revenue Bonds (Novelis <br> Corporation Project) Ser. A<sup>(a),(b)</sup> <br>| 5.00 | 6/1/2032 | 1750000 | 1790013 |
| Black Belt Energy Gas District, Revenue Bonds (Gas Project) Ser. B | 5.00 | 10/1/2035 | 1000000 | 1036165 |
| Black Belt Energy Gas District, Revenue Bonds, Ser. D<sup>(a)</sup> <br>| 5.00 | 11/1/2034 | 1000000 | 1085473 |
| Jefferson County, Revenue Bonds, Refunding | 5.50 | 10/1/2053 | 1250000 | 1317550 |
| &nbsp;&nbsp;&nbsp; Mobile County Industrial Development Authority, Revenue Bonds (Calvert LLC <br> Project) Ser. B<br>| 4.75 | 12/1/2054 | 550000 | 513985 |
| Southeast Energy Authority A Cooperative District, Revenue Bonds, Ser. E | 5.00 | 10/1/2030 | 3000000 | 3230306 |
|  |  |  |  | **8973492** |
| **Alaska — 1.2%** | **Alaska — 1.2%** | **Alaska — 1.2%** | **Alaska — 1.2%** | **Alaska — 1.2%** |
| Northern Tobacco Securitization Corp., Revenue Bonds, Refunding, Ser. A | 4.00 | 6/1/2050 | 2500000 | **2102366** |
| **Arizona — 8.0%** | **Arizona — 8.0%** | **Arizona — 8.0%** | **Arizona — 8.0%** | **Arizona — 8.0%** |
| &nbsp;&nbsp;&nbsp; Arizona Industrial Development Authority, Revenue Bonds (Academics of Math & <br> Science Project)<sup>(b)</sup> <br>| 5.00 | 7/1/2054 | 1000000 | 901137 |
| &nbsp;&nbsp;&nbsp; Arizona Industrial Development Authority, Revenue Bonds (Cadence Campus <br> Project) Ser. A<sup>(b)</sup> <br>| 4.00 | 7/15/2050 | 1600000 | 1286232 |
| &nbsp;&nbsp;&nbsp; Arizona Industrial Development Authority, Revenue Bonds (Doral Academy of <br> Nevada) Ser. A<br>| 5.00 | 7/15/2049 | 1675000 | 1549134 |
| &nbsp;&nbsp;&nbsp; Arizona Industrial Development Authority, Revenue Bonds (Legacy Cares <br> Project)<sup>(b),(c)</sup> <br>| 7.75 | 7/1/2050 | 2725000 | 64038 |
| &nbsp;&nbsp;&nbsp; Arizona Industrial Development Authority, Revenue Bonds (Legacy Cares Project) <br> Ser. A<sup>(b),(c)</sup> <br>| 6.00 | 7/1/2051 | 1000000 | 23500 |
| &nbsp;&nbsp;&nbsp; Glendale Industrial Development Authority, Revenue Bonds, Refunding (Sun <br> Health Services Obligated Group) Ser. A<br>| 5.00 | 11/15/2054 | 1500000 | 1462078 |
| &nbsp;&nbsp;&nbsp; La Paz County Industrial Development Authority, Revenue Bonds (Harmony <br> Public Schools) Ser. A<sup>(b)</sup> <br>| 5.00 | 2/15/2036 | 1000000 | 1001254 |
| &nbsp;&nbsp;&nbsp; La Paz County Industrial Development Authority, Revenue Bonds (Harmony <br> Public Schools) Ser. A<br>| 5.00 | 2/15/2048 | 1600000 | 1555877 |
| &nbsp;&nbsp;&nbsp; Maricopa County Industrial Development Authority, Revenue Bonds (Benjamin <br> Franklin Charter School Obligated Group)<sup>(b)</sup> <br>| 6.00 | 7/1/2038 | 2250000 | 2316393 |
| &nbsp;&nbsp;&nbsp; Maricopa County Industrial Development Authority, Revenue Bonds, Refunding <br> (Legacy Traditional Schools Project)<sup>(b)</sup> <br>| 5.00 | 7/1/2049 | 700000 | 676854 |
| &nbsp;&nbsp;&nbsp; Maricopa County Industrial Development Authority, Revenue Bonds, Refunding <br> (Legacy Traditional Schools Project)<sup>(b)</sup> <br>| 5.00 | 7/1/2054 | 1000000 | 954749 |
| &nbsp;&nbsp;&nbsp; Sierra Vista Industrial Development Authority, Revenue Bonds (American <br> Leadership Academy Project)<sup>(b)</sup> <br>| 5.00 | 6/15/2054 | 1000000 | 901279 |
| &nbsp;&nbsp;&nbsp; Tempe Industrial Development Authority, Revenue Bonds, Refunding (Friendship <br> Village of Tempe) Ser. A<br>| 4.00 | 12/1/2046 | 2000000 | 1668676 |
|  |  |  |  | **14361201** |

---

**3**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 102.5% (continued)** | **Long-Term Municipal Investments — 102.5% (continued)** | **Long-Term Municipal Investments — 102.5% (continued)** | **Long-Term Municipal Investments — 102.5% (continued)** | **Long-Term Municipal Investments — 102.5% (continued)** |
| **Arkansas — 1.5%** | **Arkansas — 1.5%** | **Arkansas — 1.5%** | **Arkansas — 1.5%** | **Arkansas — 1.5%** |
| &nbsp;&nbsp;&nbsp; Arkansas Development Finance Authority, Revenue Bonds (Sustainable Bond) <br> (U.S. Steel Corp.)<br>| 5.70 | 5/1/2053 | 2650000 | **2703791** |
| **California — 2.7%** | **California — 2.7%** | **California — 2.7%** | **California — 2.7%** | **California — 2.7%** |
| &nbsp;&nbsp;&nbsp; California Community Choice Financing Authority, Revenue Bonds (Sustainable <br> Bond) (Clean Energy Project) Ser. B<sup>(a)</sup> <br>| 5.00 | 11/1/2035 | 1000000 | 1098093 |
| &nbsp;&nbsp;&nbsp; California County Tobacco Securitization Agency, Revenue Bonds, Refunding (Los <br> Angeles County Securitization Corp.) Ser. A<br>| 4.00 | 6/1/2049 | 1805000 | 1561600 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance Authority, Revenue Bonds (Cabrillo College Project) <br> Ser. A<sup>(b)</sup> <br>| 5.00 | 7/1/2040 | 2000000 | 2025499 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance Authority, Revenue Bonds, Refunding (William <br> Jessup University)<sup>(b)</sup> <br>| 5.00 | 8/1/2039 | 140000 | 105361 |
|  |  |  |  | **4790553** |
| **Colorado — 5.1%** | **Colorado — 5.1%** | **Colorado — 5.1%** | **Colorado — 5.1%** | **Colorado — 5.1%** |
| &nbsp;&nbsp;&nbsp; Canyons Metropolitan District No. 5, GO, Refunding (Insured; Build America <br> Mutual) Ser. A<br>| 5.00 | 12/1/2038 | 350000 | 384650 |
| Denver International Business Center Metropolitan District No.1, GO | 6.00 | 12/1/2048 | 1000000 | 1003492 |
| Dominion Water & Sanitation District, Revenue Bonds, Refunding | 5.88 | 12/1/2052 | 2750000 | 2819116 |
| Hess Ranch Metropolitan District No. 6, GO, Ser. A1 | 5.00 | 12/1/2049 | 500000 | 487990 |
| Rampart Range Metropolitan District No. 5, Revenue Bonds | 4.00 | 12/1/2051 | 2000000 | 1672635 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts (Series 2020-XM0829), (Colorado Health <br> Facilities Authority, Revenue Bonds, Refunding (CommonSpirit Health Obligated <br> Group) Ser. A1) Recourse, Underlying Coupon Rate 4.00%<sup>(b),(d),(e)</sup> <br>| 9.16 | 8/1/2044 | 2200000 | 2410690 |
| Vauxmont Metropolitan District, GO, Refunding (Insured; Assured Guaranty Corp.) | 3.25 | 12/15/2050 | 515000 | 439733 |
|  |  |  |  | **9218306** |
| **Connecticut — 1.7%** | **Connecticut — 1.7%** | **Connecticut — 1.7%** | **Connecticut — 1.7%** | **Connecticut — 1.7%** |
| &nbsp;&nbsp;&nbsp; Harbor Point Infrastructure Improvement District, Tax Allocation Bonds, <br> Refunding (Harbor Point Project)<sup>(b)</sup> <br>| 5.00 | 4/1/2039 | 1500000 | 1521181 |
| &nbsp;&nbsp;&nbsp; Stamford Housing Authority, Revenue Bonds, Refunding (Mozaic Concierge Living <br> Project) Ser. A<br>| 6.38 | 10/1/2045 | 1450000 | 1492247 |
|  |  |  |  | **3013428** |
| **District of Columbia — 3.6%** | **District of Columbia — 3.6%** | **District of Columbia — 3.6%** | **District of Columbia — 3.6%** | **District of Columbia — 3.6%** |
| District of Columbia, Revenue Bonds (Ingleside Rock Creek Project) Ser. A | 5.00 | 7/1/2052 | 2000000 | 1857078 |
| &nbsp;&nbsp;&nbsp; District of Columbia, Revenue Bonds, Refunding (The Catholic University of <br> America) Ser. A<br>| 5.75 | 10/1/2055 | 1000000 | 1069846 |
| &nbsp;&nbsp;&nbsp; Metropolitan Washington Airports Authority, Revenue Bonds, Refunding <br> (Dulles Metrorail) Ser. B<br>| 4.00 | 10/1/2049 | 4090000 | 3625206 |
|  |  |  |  | **6552130** |
| **Florida — 4.9%** | **Florida — 4.9%** | **Florida — 4.9%** | **Florida — 4.9%** | **Florida — 4.9%** |
| &nbsp;&nbsp;&nbsp; Florida Development Finance Corp., Revenue Bonds, Refunding (Brightline Florida <br> Passenger Rail Project) (Insured; Assured Guaranty Corp.)<br>| 5.25 | 7/1/2053 | 1085000 | 1083558 |
| &nbsp;&nbsp;&nbsp; Florida Local Government Finance Commission, Revenue Bonds (Bridgeprep <br> Academy Projects) Ser. A<sup>(b)</sup> <br>| 5.50 | 6/15/2040 | 1000000 | 1031854 |
| &nbsp;&nbsp;&nbsp; Florida Local Government Finance Commission, Revenue Bonds (Fleet Landing at <br> Nocatee Project) Ser. A<sup>(b)</sup> <br>| 6.63 | 11/15/2045 | 500000 | 528452 |
| Greater Orlando Aviation Authority, Revenue Bonds, Ser. A | 4.00 | 10/1/2049 | 2280000 | 2041782 |
| &nbsp;&nbsp;&nbsp; Pinellas County Industrial Development Authority, Revenue Bonds (Foundation <br> for Global Understanding)<br>| 5.00 | 7/1/2039 | 1000000 | 1007038 |
| &nbsp;&nbsp;&nbsp; Seminole County Industrial Development Authority, Revenue Bonds, Refunding <br> (Legacy Pointe at UCF Project)<br>| 5.75 | 11/15/2054 | 2000000 | 1890100 |

---

**4**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 102.5% (continued)** | **Long-Term Municipal Investments — 102.5% (continued)** | **Long-Term Municipal Investments — 102.5% (continued)** | **Long-Term Municipal Investments — 102.5% (continued)** | **Long-Term Municipal Investments — 102.5% (continued)** |
| **Florida — 4.9% (continued)** | **Florida — 4.9% (continued)** | **Florida — 4.9% (continued)** | **Florida — 4.9% (continued)** | **Florida — 4.9% (continued)** |
| &nbsp;&nbsp;&nbsp; St. Johns County Industrial Development Authority, Revenue Bonds, Refunding <br> (Vicar's Landing Project)<br>| 4.00 | 12/15/2041 | 500000 | 438033 |
| &nbsp;&nbsp;&nbsp; St. Johns County Industrial Development Authority, Revenue Bonds, Refunding <br> (Vicar's Landing Project)<br>| 4.00 | 12/15/2046 | 1000000 | 803580 |
|  |  |  |  | **8824397** |
| **Georgia — 2.9%** | **Georgia — 2.9%** | **Georgia — 2.9%** | **Georgia — 2.9%** | **Georgia — 2.9%** |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts (Series 2020-XM0825), (Brookhaven <br> Development Authority, Revenue Bonds (Children's Healthcare of Atlanta) Ser. <br> A) Recourse, Underlying Coupon Rate 4.00%<sup>(b),(d),(e)</sup> <br>| 7.55 | 7/1/2044 | 3180000 | 3305397 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts (Series 2023-XF3183), (Municipal Electric <br> Authority of Georgia, Revenue Bonds (Plant Vogtle Units 3&4 Project) Ser. A) <br> Recourse, Underlying Coupon Rate 5.00%<sup>(b),(d),(e)</sup> <br>| 9.89 | 1/1/2059 | 1850000 | 1840491 |
|  |  |  |  | **5145888** |
| **Illinois — 6.6%** | **Illinois — 6.6%** | **Illinois — 6.6%** | **Illinois — 6.6%** | **Illinois — 6.6%** |
| Chicago, GO, Ser. A | 5.00 | 1/1/2045 | 1000000 | 957046 |
| Chicago, GO, Refunding, Ser. A | 6.00 | 1/1/2038 | 700000 | 713966 |
| Chicago Board of Education, GO, Ser. A | 5.00 | 12/1/2047 | 1500000 | 1339125 |
| Chicago Board of Education, GO, Ser. A | 6.25 | 12/1/2050 | 750000 | 769085 |
| Chicago Board of Education, GO, Ser. D | 5.00 | 12/1/2046 | 1000000 | 899186 |
| Chicago Board of Education, GO, Ser. H | 5.00 | 12/1/2036 | 2000000 | 1993138 |
| Chicago Board of Education, GO, Refunding, Ser. A | 5.00 | 12/1/2033 | 1000000 | 1002187 |
| Chicago Board of Education, GO, Refunding, Ser. B | 5.00 | 12/1/2033 | 500000 | 502324 |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority, Revenue Bonds (Centerpoint Joliet Terminal Railroad <br> Project)<sup>(a),(b)</sup> <br>| 4.80 | 7/2/2035 | 1500000 | 1548278 |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority, Revenue Bonds, Refunding (Rosalind Franklin <br> University of Medicine & Science)<br>| 5.00 | 8/1/2036 | 1075000 | 1090149 |
| &nbsp;&nbsp;&nbsp; Northern Illinois University, Revenue Bonds, Refunding (Insured; Build America <br> Mutual)<br>| 4.00 | 10/1/2043 | 1000000 | 959997 |
|  |  |  |  | **11774481** |
| **Indiana — .1%** | **Indiana — .1%** | **Indiana — .1%** | **Indiana — .1%** | **Indiana — .1%** |
| Indiana Finance Authority, Revenue Bonds (Sustainable Bond)<sup>(b),(c)</sup> <br>| 7.00 | 3/1/2039 | 3325000 | **166250** |
| **Louisiana — 1.5%** | **Louisiana — 1.5%** | **Louisiana — 1.5%** | **Louisiana — 1.5%** | **Louisiana — 1.5%** |
| &nbsp;&nbsp;&nbsp; Louisiana Public Facilities Authority, Revenue Bonds (I-10 Calcasieu River Bridge <br> Public-Private Partnership Project)<br>| 5.75 | 9/1/2064 | 1480000 | 1539757 |
| Parish of St. James, Revenue Bonds (Nustar Logistics LP Project)<sup>(a),(b)</sup> <br>| 6.10 | 6/1/2030 | 1000000 | 1098174 |
|  |  |  |  | **2637931** |
| **Maryland — 1.3%** | **Maryland — 1.3%** | **Maryland — 1.3%** | **Maryland — 1.3%** | **Maryland — 1.3%** |
| &nbsp;&nbsp;&nbsp; Maryland Economic Development Corp., Revenue Bonds (Sustainable Bond) <br> (Purple Line Transit Partners) Ser. B<br>| 5.25 | 6/30/2055 | 2375000 | **2364563** |
| **Massachusetts — .9%** | **Massachusetts — .9%** | **Massachusetts — .9%** | **Massachusetts — .9%** | **Massachusetts — .9%** |
| Lowell Collegiate Charter School, Revenue Bonds | 5.00 | 6/15/2049 | 1750000 | **1667542** |
| **Michigan — 3.4%** | **Michigan — 3.4%** | **Michigan — 3.4%** | **Michigan — 3.4%** | **Michigan — 3.4%** |
| Detroit, GO, Ser. C | 6.00 | 5/1/2043 | 500000 | 552687 |
| &nbsp;&nbsp;&nbsp; Detroit Downtown Development Authority, Tax Allocation Bonds, Refunding <br> (Catalyst Development Project)<br>| 5.00 | 7/1/2048 | 2220000 | 2320675 |
| Detroit Regional Convention Facility Authority, Revenue Bonds, Refunding, Ser. C | 5.00 | 10/1/2039 | 1100000 | 1204268 |
| Michigan Housing Development Authority, Revenue Bonds, Ser. C | 5.05 | 6/1/2051 | 750000 | 762366 |
| &nbsp;&nbsp;&nbsp; Michigan Tobacco Settlement Finance Authority, Revenue Bonds, Refunding, Ser. <br> C<sup>(f)</sup> <br>| 0.00 | 6/1/2058 | 56880000 | 1256690 |
|  |  |  |  | **6096686** |
| **Minnesota — .5%** | **Minnesota — .5%** | **Minnesota — .5%** | **Minnesota — .5%** | **Minnesota — .5%** |
| Woodbury, Revenue Bonds, Refunding (Math & Science Academy)<sup>(b)</sup> <br>| 5.50 | 6/1/2063 | 1000000 | **930055** |

---

**5**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 102.5% (continued)** | **Long-Term Municipal Investments — 102.5% (continued)** | **Long-Term Municipal Investments — 102.5% (continued)** | **Long-Term Municipal Investments — 102.5% (continued)** | **Long-Term Municipal Investments — 102.5% (continued)** |
| **Missouri — 2.2%** | **Missouri — 2.2%** | **Missouri — 2.2%** | **Missouri — 2.2%** | **Missouri — 2.2%** |
| &nbsp;&nbsp;&nbsp; Missouri Health & Educational Facilities Authority, Revenue Bonds (Lutheran <br> Senior Services Projects) Ser. A<br>| 5.00 | 2/1/2036 | 1000000 | 1001293 |
| &nbsp;&nbsp;&nbsp; The St. Louis Missouri Industrial Development Authority, Revenue Bonds, <br> Refunding (Ballpark Village Development Project) Ser. A<br>| 4.75 | 11/15/2047 | 2500000 | 2195734 |
| &nbsp;&nbsp;&nbsp; The St. Louis Missouri Industrial Development Authority, Tax Allocation Bonds (St. <br> Louis Innovation District Project)<br>| 4.38 | 5/15/2036 | 715000 | 705349 |
|  |  |  |  | **3902376** |
| **Nevada — 1.5%** | **Nevada — 1.5%** | **Nevada — 1.5%** | **Nevada — 1.5%** | **Nevada — 1.5%** |
| &nbsp;&nbsp;&nbsp; North Las Vegas, Special Assessment Bonds (Valley Vista Special Improvement <br> District)<br>| 4.63 | 6/1/2043 | 430000 | 414490 |
| &nbsp;&nbsp;&nbsp; North Las Vegas, Special Assessment Bonds (Valley Vista Special Improvement <br> District)<br>| 4.63 | 6/1/2049 | 880000 | 821623 |
| Reno, Revenue Bonds, Refunding, Ser. D<sup>(b),(f)</sup> <br>| 0.00 | 7/1/2058 | 13000000 | 1539859 |
|  |  |  |  | **2775972** |
| **New Hampshire — 1.4%** | **New Hampshire — 1.4%** | **New Hampshire — 1.4%** | **New Hampshire — 1.4%** | **New Hampshire — 1.4%** |
| &nbsp;&nbsp;&nbsp; New Hampshire Business Finance Authority, Revenue Bonds (Mill Creek Project, <br> Montgomery County)<sup>(b)</sup> <br>| 5.95 | 12/1/2031 | 900000 | 899381 |
| &nbsp;&nbsp;&nbsp; New Hampshire Business Finance Authority, Revenue Bonds (The Wildflower <br> Project)<sup>(b),(f)</sup> <br>| 0.00 | 12/15/2033 | 1000000 | 613855 |
| &nbsp;&nbsp;&nbsp; New Hampshire Business Finance Authority, Revenue Bonds, Refunding <br> (Springpoint Senior Living Obligated Group)<br>| 4.00 | 1/1/2041 | 1000000 | 923772 |
|  |  |  |  | **2437008** |
| **New Jersey — .8%** | **New Jersey — .8%** | **New Jersey — .8%** | **New Jersey — .8%** | **New Jersey — .8%** |
| &nbsp;&nbsp;&nbsp; New Jersey Economic Development Authority, Revenue Bonds (Beloved <br> Community Charter School Project) Ser. A<sup>(b)</sup> <br>| 5.00 | 6/15/2039 | 825000 | 825942 |
| &nbsp;&nbsp;&nbsp; New Jersey Economic Development Authority, Revenue Bonds (Repauno Port & <br> Rail Terminal Project)<sup>(b)</sup> <br>| 6.63 | 1/1/2045 | 625000 | 649218 |
|  |  |  |  | **1475160** |
| **New York — 8.5%** | **New York — 8.5%** | **New York — 8.5%** | **New York — 8.5%** | **New York — 8.5%** |
| &nbsp;&nbsp;&nbsp; New York Convention Center Development Corp., Revenue Bonds (Hotel Unit Fee) <br> Ser. B<sup>(f)</sup> <br>| 0.00 | 11/15/2042 | 10815000 | 4965931 |
| New York Transportation Development Corp., Revenue Bonds (Delta Air Lines) | 4.38 | 10/1/2045 | 2000000 | 1887032 |
| New York Transportation Development Corp., Revenue Bonds (Delta Air Lines) | 5.00 | 1/1/2032 | 1000000 | 1028734 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp., Revenue Bonds (John F. Kennedy <br> International Airport New Terminal One Project) (Insured; Assured Guaranty <br> Corp.)<br>| 6.00 | 6/30/2060 | 1500000 | 1622111 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts (Series 2022-XM1004), (Metropolitan <br> Transportation Authority, Revenue Bonds, Refunding (Sustainable Bond) <br> (Insured; Assured Guaranty Corp.) Ser. C) Non-Recourse, Underlying Coupon <br> Rate 4.00%<sup>(b),(d),(e)</sup> <br>| 4.65 | 11/15/2047 | 3000000 | 2739882 |
| Triborough Bridge & Tunnel Authority, Revenue Bonds, Ser. A1 | 4.13 | 5/15/2064 | 1500000 | 1367204 |
| &nbsp;&nbsp;&nbsp; Westchester County Local Development Corp., Revenue Bonds, Refunding <br> (Purchase Senior Learning Community Obligated Group)<sup>(b)</sup> <br>| 5.00 | 7/1/2046 | 1700000 | 1583610 |
|  |  |  |  | **15194504** |
| **North Carolina — 2.5%** | **North Carolina — 2.5%** | **North Carolina — 2.5%** | **North Carolina — 2.5%** | **North Carolina — 2.5%** |
| &nbsp;&nbsp;&nbsp; North Carolina Medical Care Commission, Revenue Bonds, Refunding (Lutheran <br> Services for the Aging Obligated Group)<br>| 4.00 | 3/1/2051 | 4000000 | 3297728 |
| &nbsp;&nbsp;&nbsp; North Carolina Medical Care Commission, Revenue Bonds, Refunding (The United <br> Methodist Retirement Homes Project)<br>| 5.63 | 10/1/2055 | 360000 | 363778 |
| &nbsp;&nbsp;&nbsp; North Carolina Turnpike Authority, Revenue Bonds (Insured; Assured Guaranty <br> Corp.)<br>| 4.00 | 1/1/2055 | 1000000 | 922483 |
|  |  |  |  | **4583989** |

---

**6**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 102.5% (continued)** | **Long-Term Municipal Investments — 102.5% (continued)** | **Long-Term Municipal Investments — 102.5% (continued)** | **Long-Term Municipal Investments — 102.5% (continued)** | **Long-Term Municipal Investments — 102.5% (continued)** |
| **Ohio — 3.0%** | **Ohio — 3.0%** | **Ohio — 3.0%** | **Ohio — 3.0%** | **Ohio — 3.0%** |
| &nbsp;&nbsp;&nbsp; Buckeye Tobacco Settlement Financing Authority, Revenue Bonds, Refunding, Ser. <br> B2<br>| 5.00 | 6/1/2055 | 3850000 | 3247583 |
| &nbsp;&nbsp;&nbsp; Centerville, Revenue Bonds, Refunding (Graceworks Lutheran Services Obligated <br> Group)<br>| 5.25 | 11/1/2047 | 1200000 | 1142654 |
| Cuyahoga County, Revenue Bonds, Refunding (The MetroHealth System) | 5.00 | 2/15/2052 | 1000000 | 956428 |
|  |  |  |  | **5346665** |
| **Oklahoma — 1.4%** | **Oklahoma — 1.4%** | **Oklahoma — 1.4%** | **Oklahoma — 1.4%** | **Oklahoma — 1.4%** |
| &nbsp;&nbsp;&nbsp; Oklahoma Development Finance Authority, Revenue Bonds (OU Medicine Project) <br> Ser. B<br>| 5.50 | 8/15/2057 | 1500000 | 1503252 |
| Tulsa County Industrial Authority, Revenue Bonds, Refunding (Montereau Project) | 5.25 | 11/15/2037 | 1000000 | 1013869 |
|  |  |  |  | **2517121** |
| **Oregon — 1.2%** | **Oregon — 1.2%** | **Oregon — 1.2%** | **Oregon — 1.2%** | **Oregon — 1.2%** |
| &nbsp;&nbsp;&nbsp; Clackamas County Hospital Facility Authority, Revenue Bonds, Refunding <br> (Willamette View Obligated Group) Ser. A<br>| 5.00 | 11/15/2047 | 1500000 | 1404419 |
| &nbsp;&nbsp;&nbsp; Salem Hospital Facility Authority, Revenue Bonds, Refunding (Capital Manor <br> Project)<br>| 4.00 | 5/15/2047 | 1000000 | 842990 |
|  |  |  |  | **2247409** |
| **Pennsylvania — 3.4%** | **Pennsylvania — 3.4%** | **Pennsylvania — 3.4%** | **Pennsylvania — 3.4%** | **Pennsylvania — 3.4%** |
| &nbsp;&nbsp;&nbsp; Chester County Industrial Development Authority, Special Assessment Bonds <br> (Woodlands at Graystone Project)<sup>(b)</sup> <br>| 5.13 | 3/1/2048 | 741000 | 731617 |
| &nbsp;&nbsp;&nbsp; Lancaster County Hospital Authority, Revenue Bonds, Refunding (Brethren Village <br> Project)<br>| 5.25 | 7/1/2041 | 1000000 | 998771 |
| &nbsp;&nbsp;&nbsp; Lancaster Industrial Development Authority, Revenue Bonds, Refunding (Landis <br> Homes Obligated Group)<br>| 4.00 | 7/1/2051 | 1500000 | 1230158 |
| &nbsp;&nbsp;&nbsp; Luzerne County Industrial Development Authority, Revenue Bonds, Refunding <br> (Pennsylvania-American Water Co.)<sup>(a)</sup> <br>| 2.45 | 12/3/2029 | 2270000 | 2092730 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Refunding <br> (University of Sciences in Philadephia)<br>| 5.00 | 11/1/2033 | 1000000 | 1000572 |
|  |  |  |  | **6053848** |
| **Rhode Island — 1.0%** | **Rhode Island — 1.0%** | **Rhode Island — 1.0%** | **Rhode Island — 1.0%** | **Rhode Island — 1.0%** |
| &nbsp;&nbsp;&nbsp; Rhode Island Health and Educational Building Corp., Revenue Bonds (PRG - RI <br> Properties LLC) (Insured; Assured Guaranty Corp.) Ser. B<br>| 5.63 | 7/1/2065 | 600000 | 619061 |
| Rhode Island Student Loan Authority, Revenue Bonds, Ser. A | 5.00 | 12/1/2030 | 1175000 | 1247412 |
|  |  |  |  | **1866473** |
| **South Dakota — 1.3%** | **South Dakota — 1.3%** | **South Dakota — 1.3%** | **South Dakota — 1.3%** | **South Dakota — 1.3%** |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts (Series 2022-XF1409), (South Dakota Health <br> & Educational Facilities Authority, Revenue Bonds, Refunding (Avera Health <br> Obligated Group)) Non-Recourse, Underlying Coupon Rate 5.00%<sup>(b),(d),(e)</sup> <br>| 10.34 | 7/1/2046 | 2400000 | **2417287** |
| **Texas — 6.4%** | **Texas — 6.4%** | **Texas — 6.4%** | **Texas — 6.4%** | **Texas — 6.4%** |
| &nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp., Revenue Bonds (BASIS Texas Charter <br> Schools)<sup>(b)</sup> <br>| 4.88 | 6/15/2059 | 1220000 | 1093687 |
| &nbsp;&nbsp;&nbsp; El Paso County Hospital District, GO (El Paso County) (Insured; Assured Guaranty <br> Corp.)<br>| 5.50 | 2/15/2050 | 1000000 | 1069716 |
| Houston Airport System, Revenue Bonds (United Airlines) Ser. B | 5.50 | 7/15/2038 | 1000000 | 1082393 |
| Houston Airport System, Revenue Bonds, Refunding (United Airlines) Ser. A | 6.50 | 7/15/2030 | 1285000 | 1285849 |
| &nbsp;&nbsp;&nbsp; Mission Economic Development Corp., Revenue Bonds, Refunding (Natgasoline <br> Project)<sup>(b)</sup> <br>| 4.63 | 10/1/2031 | 1250000 | 1253697 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp., Revenue Bonds, Refunding <br> (Westminster Manor Project)<br>| 4.00 | 11/1/2049 | 1250000 | 1056028 |
| &nbsp;&nbsp;&nbsp; Port of Beaumont Navigation District, Revenue Bonds (Jefferson Gulf Coast <br> Energy)<sup>(b)</sup> <br>| 3.00 | 1/1/2050 | 1750000 | 1180752 |

---

**7**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 102.5% (continued)** | **Long-Term Municipal Investments — 102.5% (continued)** | **Long-Term Municipal Investments — 102.5% (continued)** | **Long-Term Municipal Investments — 102.5% (continued)** | **Long-Term Municipal Investments — 102.5% (continued)** |
| **Texas — 6.4% (continued)** | **Texas — 6.4% (continued)** | **Texas — 6.4% (continued)** | **Texas — 6.4% (continued)** | **Texas — 6.4% (continued)** |
| &nbsp;&nbsp;&nbsp; San Antonio Education Facilities Corp., Revenue Bonds, Refunding (University of <br> the Incarnate Word)<br>| 4.00 | 4/1/2051 | 1750000 | 1391489 |
| &nbsp;&nbsp;&nbsp; Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds (NTE <br> Mobility Partners LLC North Tarrant Express Project)<br>| 5.50 | 12/31/2058 | 2000000 | 2086077 |
|  |  |  |  | **11499688** |
| **U.S. Related — 2.8%** | **U.S. Related — 2.8%** | **U.S. Related — 2.8%** | **U.S. Related — 2.8%** | **U.S. Related — 2.8%** |
| Puerto Rico, GO, Ser. A<sup>(f)</sup> <br>| 0.00 | 7/1/2033 | 373154 | 269034 |
| Puerto Rico, GO, Ser. A1 | 4.00 | 7/1/2033 | 289963 | 289786 |
| Puerto Rico, GO, Ser. A1 | 4.00 | 7/1/2035 | 260638 | 258909 |
| Puerto Rico, GO, Ser. A1 | 4.00 | 7/1/2037 | 223696 | 215066 |
| Puerto Rico, GO, Ser. A1 | 4.00 | 7/1/2041 | 304141 | 281240 |
| Puerto Rico, GO, Ser. A1 | 4.00 | 7/1/2046 | 316303 | 281442 |
| Puerto Rico, GO, Ser. A1 | 5.75 | 7/1/2031 | 305783 | 336846 |
| Puerto Rico Sales Tax Financing Corp., Revenue Bonds, Ser. A1<sup>(f)</sup> <br>| 0.00 | 7/1/2033 | 4031000 | 3060905 |
|  |  |  |  | **4993228** |
| **Utah — .6%** | **Utah — .6%** | **Utah — .6%** | **Utah — .6%** | **Utah — .6%** |
| Point Phase 1 Public Infrastructure District No. 1, Revenue Bonds, Ser. A1 | 5.88 | 3/1/2045 | 1000000 | **1034138** |
| **Virginia — 2.8%** | **Virginia — 2.8%** | **Virginia — 2.8%** | **Virginia — 2.8%** | **Virginia — 2.8%** |
| &nbsp;&nbsp;&nbsp; Virginia College Building Authority, Revenue Bonds (Sustainable Bond) <br> (Marymount University Project)<sup>(b)</sup> <br>| 5.00 | 7/1/2045 | 500000 | 380696 |
| &nbsp;&nbsp;&nbsp; Virginia College Building Authority, Revenue Bonds, Refunding (Marymount <br> University Project) Ser. A<sup>(b)</sup> <br>| 5.00 | 7/1/2045 | 1000000 | 761392 |
| &nbsp;&nbsp;&nbsp; Virginia Small Business Financing Authority, Revenue Bonds, Refunding <br> (95 Express Lanes)<br>| 4.00 | 1/1/2048 | 4500000 | 3984657 |
|  |  |  |  | **5126745** |
| **Washington — 3.9%** | **Washington — 3.9%** | **Washington — 3.9%** | **Washington — 3.9%** | **Washington — 3.9%** |
| &nbsp;&nbsp;&nbsp; Washington Convention Center Public Facilities District, Revenue Bonds <br> (Sustainable Bond) Ser. B<br>| 4.00 | 7/1/2058 | 4000000 | 3315763 |
| &nbsp;&nbsp;&nbsp; Washington Housing Finance Commission, Revenue Bonds, Refunding (Horizon <br> House Project) Ser. B3<br>| 4.38 | 1/1/2033 | 1000000 | 1002145 |
| &nbsp;&nbsp;&nbsp; Washington Housing Finance Commission, Revenue Bonds, Refunding <br> (Presbyterian Retirement Communities Northwest Obligated Group) Ser. A<sup>(b)</sup> <br>| 5.00 | 1/1/2046 | 1680000 | 1592297 |
| &nbsp;&nbsp;&nbsp; Washington Housing Finance Commission, Revenue Bonds, Refunding <br> (Presbyterian Retirement Communities Northwest Obligated Group) Ser. A<sup>(b)</sup> <br>| 5.00 | 1/1/2051 | 1120000 | 1029830 |
|  |  |  |  | **6940035** |
| **West Virginia — .6%** | **West Virginia — .6%** | **West Virginia — .6%** | **West Virginia — .6%** | **West Virginia — .6%** |
| &nbsp;&nbsp;&nbsp; West Virginia Economic Development Authority, Revenue Bonds (Commercial <br> Metals Company Project)<sup>(a)</sup> <br>| 4.63 | 5/15/2032 | 1040000 | **1056316** |
| **Wisconsin — 6.3%** | **Wisconsin — 6.3%** | **Wisconsin — 6.3%** | **Wisconsin — 6.3%** | **Wisconsin — 6.3%** |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, Revenue Bonds (Appalachian State University Project) <br> (Insured; Assured Guaranty Corp.) Ser. A<br>| 4.00 | 7/1/2045 | 1850000 | 1750278 |
| Public Finance Authority, Revenue Bonds (Georgia SR 400 Express Lanes Project) | 6.50 | 12/31/2065 | 1000000 | 1106675 |
| Public Finance Authority, Revenue Bonds (Heritage Bend Project)<sup>(b),(f)</sup> <br>| 0.00 | 12/15/2042 | 2500000 | 764181 |
| Public Finance Authority, Revenue Bonds, Ser. 1 | 5.75 | 7/1/2062 | 1184458 | 1242942 |
| Public Finance Authority, Revenue Bonds, Refunding (Legacy Hills Project)<sup>(b)</sup> <br>| 6.00 | 11/15/2045 | 1000000 | 974955 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, Revenue Bonds, Refunding (Lindenwood Education <br> System) Ser. A<sup>(b)</sup> <br>| 5.50 | 6/1/2040 | 1000000 | 1048350 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, Revenue Bonds, Refunding (Mary's Woods At <br> Marylhurst Obligated Group)<sup>(b)</sup> <br>| 5.25 | 5/15/2037 | 625000 | 630749 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, Revenue Bonds, Refunding (Roseman University of <br> Health Sciences)<sup>(b)</sup> <br>| 5.00 | 4/1/2050 | 1750000 | 1627260 |

---

**8**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 102.5% (continued)** | **Long-Term Municipal Investments — 102.5% (continued)** | **Long-Term Municipal Investments — 102.5% (continued)** | **Long-Term Municipal Investments — 102.5% (continued)** | **Long-Term Municipal Investments — 102.5% (continued)** |
| **Wisconsin — 6.3% (continued)** | **Wisconsin — 6.3% (continued)** | **Wisconsin — 6.3% (continued)** | **Wisconsin — 6.3% (continued)** | **Wisconsin — 6.3% (continued)** |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, Revenue Bonds, Refunding (Triad Educational Services, <br> Inc.)<br>| 5.25 | 6/15/2065 | 1000000 | 956864 |
| &nbsp;&nbsp;&nbsp; Wisconsin Health & Educational Facilities Authority, Revenue Bonds, Refunding <br> (St. Camillus Health System Obligated Group)<br>| 5.00 | 11/1/2046 | 1250000 | 1164886 |
|  |  |  |  | **11267140** |
| &nbsp;&nbsp;&nbsp; **Total Long-Term Municipal Investments** <br>(cost $201,478,145)<br>|  |  |  | **184058162** |
| **Total Investments** (cost $204,409,690) | **Total Investments** (cost $204,409,690) |  | **104.0%** | **186643918** |
| **Liabilities, Less Cash and Receivables** | **Liabilities, Less Cash and Receivables** |  | **(4.0%)** | **(7133957)** |
| **Net Assets**  | **Net Assets**  | **Net Assets**  | **100.0%** | **179509961** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

*GO—Government Obligation*<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> *These securities have a put feature; the date shown represents the put date and the bond holder can take a specific action to retain the bond after the put date.*

<sup>(b)</sup> *Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in transactions exempt from* *registration, normally to qualified institutional buyers. At November 30, 2025, these securities amounted to $50,765,628 or 28.3% of net assets.* 

<sup>(c)</sup> *Non-income producing—security in default.*

<sup>(d)</sup> *The Variable Rate is determined by the Remarketing Agent in its sole discretion based on prevailing market conditions and may, but need not, be established by* *reference to one or more financial indices.* 

<sup>(e)</sup> *These bonds serve as collateral in a secured borrowings. The coupon rate given represents the current interest rate for the inverse floating rate security.*

<sup>(f)</sup> *Security issued with a zero coupon. Income is recognized through the accretion of discount.*

*See notes to schedule of investments.*

**9**

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Schedule of Investments

BNY Mellon High Yield Municipal Bond Fund

November 30, 2025 (Unaudited)

The following is a summary of the inputs used as of November 30, 2025 in valuing the fund's investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 -** <br>**Unadjusted** <br>**Quoted Prices**<br>| **Level 2- Other** <br>**Significant** <br>**Observable Inputs**<br>| **Level 3-** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Assets ($)** |  |  |  |  |
| Investments in Securities:<sup>†</sup> <br>|  |  |  |  |
| Collateralized Municipal-Backed Securities | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2585756 | &nbsp;&nbsp; — | &nbsp;&nbsp; **2585756** |
| Municipal Securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 184058162 | &nbsp;&nbsp; — | &nbsp;&nbsp; **184058162** |
|  | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **186643918** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **186643918** |
| **Liabilities ($)** |  |  |  |  |
| Other Financial Instruments: |  |  |  |  |
| Inverse Floater Notes<sup>††</sup> <br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (8725000) | &nbsp;&nbsp; — | &nbsp;&nbsp; **(8725000)** |
|  | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **(8725000)** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **(8725000)** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| <sup>†</sup> <br>| *See Schedule of Investments for additional detailed categorizations, if any.* |
| <sup>††</sup> <br>| *Certain of the fund's liabilities are held at carrying amount, which approximates fair value for financial reporting purposes.* |

---

**10**

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The Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") is the exclusive reference of authoritative U.S. generally accepted accounting principles ("GAAP") recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission ("SEC") under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund's investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

**Level 1**—unadjusted quoted prices in active markets for identical investments.

**Level 2**—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

**Level 3**—significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund's investments are as follows:

The Company's Board of Directors (the "Board") has designated the Adviser as the fund's valuation designee to make all fair value determinations with respect to the fund's portfolio investments, subject to the Board's oversight and pursuant to Rule 2a-5 under the Act.

Investments in municipal securities are valued each business day by an independent pricing service (the "Service"). Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of the Service are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as calculated by the Service based upon its evaluation of the market for such securities). Municipal investments (which constitute a majority of the portfolio securities) are carried at fair value as determined by the Adviser based on values supplied by the Service, based on methods which include consideration of the following: yields or prices of municipal securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. The Service is engaged under the general oversight of the Adviser. All of the preceding securities are generally categorized within Level 2 of the fair value hierarchy.

When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

For securities where observable inputs are limited, assumptions about market activity and risk are used and such securities are generally categorized within Level 3 of the fair value hierarchy.

**Inverse Floater Securities:** The fund participates in secondary inverse floater structures in which fixed-rate, tax-exempt municipal bonds are transferred to a trust (the "Inverse Floater Trust"). The Inverse Floater Trust typically issues two variable rate securities that are collateralized by the cash flows of the fixed-rate, tax-exempt municipal bonds. One of these variable rate securities pays interest based on

**11**

------

The fund may invest in inverse floater securities on either a non-recourse or recourse basis. These securities are typically supported by a liquidity facility provided by a bank or other financial institution (the "Liquidity Provider") that allows the holders of the Trust Certificates to tender their certificates in exchange for payment from the Liquidity Provider of par plus accrued interest on any business day prior to a termination event. When the fund invests in inverse floater securities on a non-recourse basis, the Liquidity Provider is required to make a payment under the liquidity facility due to a termination event to the holders of the Trust Certificates. When this occurs, the Liquidity Provider typically liquidates all or a portion of the municipal securities held in the Inverse Floater Trust. A liquidation shortfall occurs if the Trust Certificates exceed the proceeds of the sale of the bonds in the Inverse Floater Trust ("Liquidation Shortfall"). When a fund invests in inverse floater securities on a recourse basis, the fund typically enters into a reimbursement agreement with the Liquidity Provider where the fund is required to repay the Liquidity Provider the amount of any Liquidation Shortfall. As a result, a fund investing in a recourse inverse floater security bears the risk of loss with respect to any Liquidation Shortfall.

At November 30, 2025, accumulated net unrealized depreciation on investments was $17,765,772, consisting of $3,144,860 gross unrealized appreciation and $20,910,632 gross unrealized depreciation.

At November 30, 2025, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Schedule of Investments).

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.

**12**

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## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** BNY MELLON MUNICIPAL FUNDS, INC.

- **b. Investment Company Act file number:** 811-06377

- **c. CIK number of Registrant:** 0000878092

- **d. LEI of Registrant:** 549300UXV8TNSK3U4W44

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 240 Greenwich Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10286

  - **Telephone number:** 212-922-6400

**Item A.2. Information about the Series.**

- **a. Name of Series:** BNY Mellon High Yield Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000002850

- **c. LEI of Series:** 549300IUUBZX2LGEIQ60

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $189626599.76

**Total Liabilities:** $10472084.69

**Net Assets:** $179154515.07

**Delayed Delivery Securities:** $1000000.00

**Cash Not Reported:** $355236.17

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 94.26875000 | **1-Year:** 2136.67522000 | **5-Year:** 23863.56153000 | **10-Year:** 99290.90013000 | **30-Year:** 9982.21022000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 3.47179000 | **1-Year:** 1094.84835000 | **5-Year:** 7395.58776000 | **10-Year:** 14521.73926000 | **30-Year:** 202.21463000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007813 | 3.98%                | 1.70%                | 0.31%                |
| Class ID C000046743 | 3.96%                | 1.68%                | 0.30%                |
| Class ID C000046744 | 3.79%                | 1.61%                | 0.24%                |
| Class ID C000073399 | 3.88%                | 1.71%                | 0.32%                |
| Class ID C000130453 | 3.88%                | 1.80%                | 0.22%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-367030.51              | $6851549.89                                |
| Month 2  | $194631.89               | $2359966.84                                |
| Month 3  | $-14919.94               | $-92349.51                                 |

### Schedule of Portfolio Investments

| Name                                                   | Title                                                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| VIRGINIA ST CLG BLDG AUTH EDUC                         | Virginia College Building Authority                                   | CUSIP: 9277816F6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $761391.70    | 0.42%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU                         | Texas Private Activity Bond Surface Transportation Corp               | CUSIP: 882667BX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2086077.00   | 1.16%             | 2058-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                         | New York Transportation Development Corp                              | CUSIP: 650116DA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1887032.40   | 1.05%             | 2045-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                             | City of Chicago IL                                                    | CUSIP: 167486T25<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $957046.20    | 0.53%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                          | Black Belt Energy Gas District                                        | CUSIP: 09182TEW3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036165.20   | 0.58%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT JOHNS CNTY FL INDL DEV A                         | St Johns County Industrial Development Authority                      | CUSIP: 79041LAP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $803580.30    | 0.45%             | 2046-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARKANSAS DEV FIN AUTH ENVIRONM                         | Arkansas Development Finance Authority                                | CUSIP: 04110FAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2703790.76   | 1.51%             | 2053-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH SF MT                         | Michigan State Housing Development Authority                          | CUSIP: 594654J97<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    750000 | PA      | $762366.53    | 0.43%             | 2051-06-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| VAUXMONT MET DIST CO                                   | Vauxmont Metropolitan District                                        | CUSIP: 92242SAN3<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    515000 | PA      | $439733.01    | 0.25%             | 2050-12-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DENVER CO INTERNATIONAL BUSINE                         | Denver International Business Center Metropolitan District No 1       | CUSIP: 249197BB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003492.20   | 0.56%             | 2048-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI SENIOR LIVI                         | Public Finance Authority                                              | CUSIP: 74443UAZ6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    625000 | PA      | $630749.25    | 0.35%             | 2037-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                             | City of Detroit MI                                                    | CUSIP: 2510936E5<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    500000 | PA      | $552686.80    | 0.31%             | 2043-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RAMPART RANGE CO MET DIST #5                           | Rampart Range Metropolitan District No 5                              | CUSIP: 75157WAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1672634.60   | 0.93%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                           | Illinois Finance Authority                                            | CUSIP: 45204EVC9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1090149.33   | 0.61%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WOODBURY MN CHRT SCH LEASE REV                         | City of Woodbury MN                                                   | CUSIP: 979134BA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $930055.40    | 0.52%             | 2063-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH SURFACE FREI                         | Illinois Finance Authority                                            | CUSIP: 45203PAC8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1548277.65   | 0.86%             | 2043-12-01      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| NORTHERN IL UNIV REVENUES                              | Northern Illinois University                                          | CUSIP: 665245ZN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $959996.90    | 0.54%             | 2043-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LUZERNE CNTY PA INDL DEV AUTH                          | Luzerne County Industrial Development Authority                       | CUSIP: 550728AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2270000 | PA      | $2092729.80   | 1.17%             | 2039-12-01      | Variable      | 2.45%                 | No            |                  2 | On Loan: No      |
| LOWELL MA COLLEGIATE CHRT SCH                          | Collegiate Charter School of Lowell                                   | CUSIP: 547649AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1667542.28   | 0.93%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER CNTY NY LOCAL DEV                          | Westchester County Local Development Corp                             | CUSIP: 95737TET9<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1583610.01   | 0.88%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU                         | Louisiana Public Facilities Authority                                 | CUSIP: 546399SZ0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1480000 | PA      | $1539756.63   | 0.86%             | 2064-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                     | Commonwealth of Puerto Rico                                           | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    305783 | PA      | $336846.42    | 0.19%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST LOCAL GOVT FIN COMM                         | Florida Local Government Finance Commission                           | CUSIP: 34077EAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031854.20   | 0.58%             | 2040-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVIATION AUTH A                         | Greater Orlando Aviation Authority                                    | CUSIP: 3922742H8<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2041781.72   | 1.14%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH EXEMPT FAC                         | Indiana Finance Authority                                             | CUSIP: 45470DAA5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   3325000 | PA      | $166250.00    | 0.09%             | 2039-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ INDL DEV AUTH REVENUE                         | Tempe Industrial Development Authority                                | CUSIP: 87972MBS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1668675.80   | 0.93%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R                         | Arizona Industrial Development Authority                              | CUSIP: 04052BLS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1286232.32   | 0.72%             | 2050-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                     | Commonwealth of Puerto Rico                                           | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    373154 | PA      | $269033.47    | 0.15%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST TURNPIKE AUT                         | North Carolina Turnpike Authority                                     | CUSIP: 65830RCU1<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $922483.30    | 0.51%             | 2055-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI STUDENT HSG                         | Public Finance Authority                                              | CUSIP: 74439YDQ1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1750277.97   | 0.98%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PINELLAS CNTY FL INDL DEV AUTH                         | Pinellas County Industrial Development Authority                      | CUSIP: 72316VAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007038.20   | 0.56%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                            | City of Houston TX Airport System Revenue                             | CUSIP: 442349HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082393.10   | 0.60%             | 2038-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH HLTHS                         | Oklahoma Development Finance Authority                                | CUSIP: 67884XCN5<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503252.00   | 0.84%             | 2057-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP                                | Florida Development Finance Corp                                      | CUSIP: 340618DV6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1083557.82   | 0.60%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM                         | North Carolina Medical Care Commission                                | CUSIP: 65820YUN4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    360000 | PA      | $363777.52    | 0.20%             | 2055-10-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH                         | Maricopa County Industrial Development Authority                      | CUSIP: 56681NEP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $954748.50    | 0.53%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALEM OR HOSP FAC AUTH REVENUE                         | Salem Hospital Facility Authority                                     | CUSIP: 794458GK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $842990.30    | 0.47%             | 2047-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NTHRN AK TOBACCO SECURITIZATIO                         | Northern Tobacco Securitization Corp                                  | CUSIP: 66585VBY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2102366.25   | 1.17%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA                         | Wisconsin Health & Educational Facilities Authority                   | CUSIP: 97712D4C7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1164886.13   | 0.65%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY PA HOSP AUTH                            | Lancaster County Hospital Authority/PA                                | CUSIP: 514045S61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998771.20    | 0.56%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE                         | Public Finance Authority                                              | CUSIP: 74442EMS6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $956864.30    | 0.53%             | 2065-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DETROIT MI DOWNTOWN DEV AUTH T                         | Detroit Downtown Development Authority                                | CUSIP: 251135HU6<br>LEI: 549300WO3NSMP6FECO66 | Long             | DBT              | MUN               | US        |   2220000 | PA      | $2320674.78   | 1.30%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH SC                         | New Jersey Economic Development Authority                             | CUSIP: 645912FW1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    825000 | PA      | $825942.56    | 0.46%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM                         | North Carolina Medical Care Commission                                | CUSIP: 65821DYG0<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3297728.00   | 1.84%             | 2051-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                  | Chicago Board of Education                                            | CUSIP: 167505WB8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $899186.50    | 0.50%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                         | New York Transportation Development Corp                              | CUSIP: 650116JJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1622111.10   | 0.91%             | 2060-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST STUDENT LOAN A                         | Rhode Island Student Loan Authority                                   | CUSIP: 762323BD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1247411.84   | 0.70%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS MO INDL DEV AUTH T                         | Industrial Development Authority of the City of St Louis Missouri/The | CUSIP: 85233LAG8<br>LEI: 549300WTUL8KX1FOUZ40 | Long             | DBT              | MUN               | US        |    715000 | PA      | $705349.00    | 0.39%             | 2036-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST CLG BLDG AUTH EDUC                         | Virginia College Building Authority                                   | CUSIP: 9277817M0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $380695.85    | 0.21%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN                         | Virginia Small Business Financing Authority                           | CUSIP: 928104PX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $3984657.30   | 2.22%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                               | District of Columbia                                                  | CUSIP: 25483VSG0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1857078.20   | 1.04%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CANYONS MET DIST #5 CO                                 | Canyons Metropolitan District No 5                                    | CUSIP: 139071AT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $384650.56    | 0.21%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                  | Chicago Board of Education                                            | CUSIP: 167505UZ7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002186.80   | 0.56%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                     | Commonwealth of Puerto Rico                                           | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    260638 | PA      | $258908.72    | 0.14%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HESS RANCH MET DIST #6 CO                              | Hess Ranch Metropolitan District No 6                                 | CUSIP: 428112AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $487990.20    | 0.27%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLENDALE AZ INDL DEV AUTH SENI                         | Glendale Industrial Development Authority                             | CUSIP: 378287AX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1462078.05   | 0.82%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS CNTY OR HOSP FAC AUT                         | Clackamas County Hospital Facility Authority                          | CUSIP: 179027WQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1404418.80   | 0.78%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP PRIV                         | Maryland Economic Development Corp                                    | CUSIP: 57422JCA4<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2364563.06   | 1.32%             | 2055-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LANCASTER PA INDL DEV AUTH                             | Lancaster Industrial Development Authority                            | CUSIP: 51434NAS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1230158.10   | 0.69%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EL PASO CNTY TX HOSP DIST                              | El Paso County Hospital District                                      | CUSIP: 283590JX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069716.40   | 0.60%             | 2050-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI                         | Washington State Housing Finance Commission                           | CUSIP: 939783Z82<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002145.60   | 0.56%             | 2033-01-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH                         | Maricopa County Industrial Development Authority                      | CUSIP: 56681NCV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2316393.45   | 1.29%             | 2038-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH ECON                          | Arizona Industrial Development Authority                              | CUSIP: 040523AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $23500.00     | 0.01%             | 2051-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN                         | New Hampshire Business Finance Authority                              | CUSIP: 63608TAV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $613854.90    | 0.34%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                          | Arlington Higher Education Finance Corp                               | CUSIP: 041807JW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1093686.81   | 0.61%             | 2059-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HARBOR POINT CT INFRASTRUCTURE                         | Harbor Point Infrastructure Improvement District                      | CUSIP: 41154VAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1521181.05   | 0.85%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOBILE CNTY AL INDL DEV AUTH S                         | Mobile County Industrial Development Authority                        | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $513984.35    | 0.29%             | 2054-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA                | MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA (TOBS)                        | CUSIP: 626207X33<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1840490.88   | 1.03%             | 2059-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                     | Commonwealth of Puerto Rico                                           | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    289963 | PA      | $289785.77    | 0.16%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A                         | California Community Choice Financing Authority                       | CUSIP: 13013JGF7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1098093.20   | 0.61%             | 2056-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN                          | New Hope Cultural Education Facilities Finance Corp                   | CUSIP: 64542UFM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1056028.25   | 0.59%             | 2049-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                             | Public Finance Authority                                              | CUSIP: 74442PQ81<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $764181.25    | 0.43%             | 2042-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI TOLL REVENU                         | Public Finance Authority                                              | CUSIP: 74448UAC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1106674.80   | 0.62%             | 2065-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SIERRA VISTA AZ INDL DEV AUTH                          | Sierra Vista Industrial Development Authority                         | CUSIP: 82652UAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $901278.50    | 0.50%             | 2054-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                             | Public Finance Authority                                              | CUSIP: 74442PS97<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974954.60    | 0.54%             | 2045-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SAINT JAMES PARISH LA REVENUE                          | Parish of St James LA                                                 | CUSIP: 790103AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1098174.10   | 0.61%             | 2038-06-01      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST CONVENTION CENTE                         | Washington State Convention Center Public Facilities District         | CUSIP: 93976AEL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3315762.80   | 1.85%             | 2058-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                  | Chicago Board of Education                                            | CUSIP: 167505ZL3<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    750000 | PA      | $769084.73    | 0.43%             | 2050-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                         | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                | CUSIP: 74529JQF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4031000 | PA      | $3060904.78   | 1.71%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN                         | New Hampshire Business Finance Authority                              | CUSIP: 63608TAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $899381.34    | 0.50%             | 2031-12-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                  | Chicago Board of Education                                            | CUSIP: 167505TJ5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1993137.60   | 1.11%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH D                         | Metropolitan Washington Airports Authority Dulles Toll Road Revenue   | CUSIP: 592643DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4090000 | PA      | $3625206.27   | 2.02%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT                          | Buckeye Tobacco Settlement Financing Authority                        | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3850000 | PA      | $3247582.42   | 1.81%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST TOBACCO SETTLEMENT                         | Michigan Tobacco Settlement Finance Authority                         | CUSIP: 594751AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  56880000 | PA      | $1256689.66   | 0.70%             | 2058-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DOMINION WTR & SANTN DIST CO R                         | Dominion Water & Sanitation District                                  | CUSIP: 25755AAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2819116.03   | 1.57%             | 2052-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DETROIT MI REGL CONVENTION FAC                         | Detroit Regional Convention Facility Authority                        | CUSIP: 251220AV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1204268.45   | 0.67%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                     | Commonwealth of Puerto Rico                                           | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    304141 | PA      | $281239.97    | 0.16%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                               | District of Columbia                                                  | CUSIP: 25483VE91<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069845.50   | 0.60%             | 2055-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA CNTY OH HOSP REVENUE                          | County of Cuyahoga OH                                                 | CUSIP: 2322655T1<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $956428.10    | 0.53%             | 2052-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL                         | Rhode Island Health and Educational Building Corp                     | CUSIP: 762244PC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $619061.22    | 0.35%             | 2065-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST CONVENTION CENTER                          | New York Convention Center Development Corp                           | CUSIP: 649451GG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10815000 | PA      | $4965931.12   | 2.77%             | 2042-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R                         | Arizona Industrial Development Authority                              | CUSIP: 04052BKM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $901137.30    | 0.50%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CNTY CA TOBACCO SEC                         | California County Tobacco Securitization Agency                       | CUSIP: 13016NEZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1805000 | PA      | $1561599.72   | 0.87%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH DO                         | New Jersey Economic Development Authority                             | CUSIP: 64578TAB0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    625000 | PA      | $649217.81    | 0.36%             | 2045-01-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDUCTNL FAC                         | Public Finance Authority                                              | CUSIP: 74443DLU3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048350.30   | 0.59%             | 2040-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                             | City of Chicago IL                                                    | CUSIP: 167486ZY8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    700000 | PA      | $713966.05    | 0.40%             | 2038-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BROOKHAVEN DEVELOPMENT AUTHORITY                       | BROOKHAVEN DEVELOPMENT AUTHORITY (TOBS)                               | CUSIP: 113073AW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3180000 | PA      | $3305397.73   | 1.84%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS MO INDL DEV AUTH F                         | Industrial Development Authority of the City of St Louis Missouri/The | CUSIP: 85236BAC6<br>LEI: 549300WTUL8KX1FOUZ40 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2195734.00   | 1.23%             | 2047-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NORTH LAS VEGAS NV LOCAL IMPT                          | City of North Las Vegas NV                                            | CUSIP: 66041HGZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $821623.35    | 0.46%             | 2049-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                         | New York Transportation Development Corp                              | CUSIP: 650116CL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028733.80   | 0.57%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTERVILLE OH HLTH CARE REVEN                         | City of Centerville OH                                                | CUSIP: 152241AZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1142654.28   | 0.64%             | 2047-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SEMINOLE CNTY FL INDL DEV AUTH                         | Seminole County Industrial Development Authority                      | CUSIP: 81669TAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1890099.40   | 1.06%             | 2054-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI                         | Washington State Housing Finance Commission                           | CUSIP: 939783TK2<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1029829.81   | 0.57%             | 2051-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH ECON                          | Arizona Industrial Development Authority                              | CUSIP: 040523AF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2725000 | PA      | $64037.50     | 0.04%             | 2050-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| STAMFORD CT HSG AUTH                                   | Stamford Housing Authority                                            | CUSIP: 852640AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1492247.35   | 0.83%             | 2045-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| RENO NV SALES TAX REVENUE                              | City of Reno NV                                                       | CUSIP: 759861EK9<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |  13000000 | PA      | $1539859.10   | 0.86%             | 2058-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                     | Commonwealth of Puerto Rico                                           | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    223696 | PA      | $215066.41    | 0.12%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TULSA CNTY OK INDL AUTH SENIOR                         | Tulsa County Industrial Authority                                     | CUSIP: 899530AY5<br>LEI: 549300WEYXBXLGN1E271 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013868.90   | 0.57%             | 2037-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDUCTNL FA                         | Pennsylvania Higher Educational Facilities Authority                  | CUSIP: 70917SMQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000571.90   | 0.56%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT JOHNS CNTY FL INDL DEV A                         | St Johns County Industrial Development Authority                      | CUSIP: 79041LAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $438033.35    | 0.24%             | 2041-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECON DEV CORP REVEN                         | Mission Economic Development Corp                                     | CUSIP: 605156AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1253696.75   | 0.70%             | 2031-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FLORIDA LOC GOVT FIN COMMISSIO                         | Florida Local Government Finance Commission                           | CUSIP: 34077UAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $528451.95    | 0.29%             | 2045-11-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                  | Chicago Board of Education                                            | CUSIP: 167505YB6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1339125.45   | 0.75%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX EDU FACS CORP R                         | San Antonio Education Facilities Corp                                 | CUSIP: 796247DK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1391488.88   | 0.78%             | 2051-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECON DEV AUTH                         | West Virginia Economic Development Authority                          | CUSIP: 95648VBV0<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1056316.35   | 0.59%             | 2055-04-15      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| PORT BEAUMONT TX NAV DIST DOCK                         | Port of Beaumont Navigation District                                  | CUSIP: 73360CAN4<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1180752.13   | 0.66%             | 2050-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE                         | California Municipal Finance Authority                                | CUSIP: 13048VJE9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    140000 | PA      | $105360.58    | 0.06%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALDWIN CNTY AL INDL DEV AUTH                          | Baldwin County Industrial Development Authority                       | CUSIP: 05786PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1790013.23   | 1.00%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                            | City of Houston TX Airport System Revenue                             | CUSIP: 4423485S3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1285848.49   | 0.72%             | 2030-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC                         | Health & Educational Facilities Authority of the State of Missouri    | CUSIP: 60635HU72<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001293.40   | 0.56%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI POOLED CHRT                         | Public Finance Authority                                              | CUSIP: 74448GAA7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1184458 | PA      | $1242941.41   | 0.69%             | 2062-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NORTH LAS VEGAS NV LOCAL IMPT                          | City of North Las Vegas NV                                            | CUSIP: 66041HGY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $414489.90    | 0.23%             | 2043-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                             | Public Finance Authority                                              | CUSIP: 74442PZV0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1627259.90   | 0.91%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI                         | Washington State Housing Finance Commission                           | CUSIP: 939783TJ5<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1592296.78   | 0.89%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY                   | COLORADO HEALTH FACILITIES AUTHORITY (TOBS)                           | CUSIP: 19648FKA1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2410689.60   | 1.35%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finan                         | Washington State Housing Finance Commission                           | CUSIP: 93978TS59<br>LEI: 549300YL1HU59NREG764 | Long             | ABS-MBS          | MUN               | US        |   1861484 | PA      | $1808745.36   | 1.01%             | 2035-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LA PAZ CNTY AZ INDL DEV AUTH E                         | La Paz County Industrial Development Authority                        | CUSIP: 50376FAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001254.10   | 0.56%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH ST                         | California Municipal Finance Authority                                | CUSIP: 13049YFZ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2025499.00   | 1.13%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development                         | Arizona Industrial Development Authority                              | CUSIP: 04052ABH8<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |    784672 | PA      | $777010.88    | 0.43%             | 2033-05-20      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                          | Black Belt Energy Gas District                                        | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085473.30   | 0.61%             | 2055-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SENIOR LI                         | New Hampshire Business Finance Authority                              | CUSIP: 63608SAL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $923771.40    | 0.52%             | 2041-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                     | Commonwealth of Puerto Rico                                           | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    316303 | PA      | $281441.98    | 0.16%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHESTER CNTY PA INDL DEV AUTH                          | Chester County Industrial Development Authority                       | CUSIP: 16559WAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    741000 | PA      | $731616.57    | 0.41%             | 2048-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                  | Chicago Board of Education                                            | CUSIP: 167505XC5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502324.10    | 0.28%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C                         | Southeast Energy Authority A Cooperative District                     | CUSIP: 84136HCT8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3230305.50   | 1.80%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LA PAZ CNTY AZ INDL DEV AUTH E                         | La Paz County Industrial Development Authority                        | CUSIP: 50376FAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1555876.80   | 0.87%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| POINT PHASE 1 PUB INFRASTRUCTU                         | Point Phase 1 Public Infrastructure District No 1                     | CUSIP: 73058EAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034137.50   | 0.58%             | 2045-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSPORTATION AUTHORITY                  | METROPOLITAN TRANSPORTATION AUTHORITY (TOBS)                          | CUSIP: 59261AZX8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2739882.00   | 1.53%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R                         | Arizona Industrial Development Authority                              | CUSIP: 04052BHZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1549133.80   | 0.86%             | 2049-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL                          | Triborough Bridge & Tunnel Authority Sales Tax Revenue                | CUSIP: 896035DG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1367204.25   | 0.76%             | 2064-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REVENUE                          | County of Jefferson AL Sewer Revenue                                  | CUSIP: 472682ZS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1317550.00   | 0.74%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH                         | Maricopa County Industrial Development Authority                      | CUSIP: 56681NEN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $676854.43    | 0.38%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA HEALTH & EDUCATIONAL FACILITIES AUTHORITY | SOUTH DAKOTA HEALTH & EDUCATIONAL FACILITIES AUTHORITY (TOBS)         | CUSIP: 83755VG99<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2417286.60   | 1.35%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-23

**Name of Applicant:** BNY MELLON MUNICIPAL FUNDS, INC.

**Signature:** James Windels

**Name of Signer:** James Windels

**Title:** Treasurer