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Launched · SEC filings

BNY Mellon Municipal Intermediate ETF

BKMINasdaqBNY MellonB

$25.64+0.05 (+0.18%)

At close: Nov 2, 2026, 4:00 PM ET

B55/ 100

Rank 13 of 20 in Intermediate Municipal Bonds

B55/100Rank 13 of 20inIntermediate Municipal Bonds
Intraday session: up, 79 prints from 25.60 to 25.64. Range 25.62 to 25.66. Use the arrow keys to read each point.25.6125.6225.6325.6610 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$1.54B
1Y total return
No data
Yield · Last 12 months
No data
Holdings
500
Avg volume · 30D
261K sh
52W range
low $24.62high $26.88
Launched
Filings
SEC EDGAR

The ETF.net BKMI Grade

B

Score 55 out of 100

Category
Intermediate Municipal Bonds⁠
Rank
13 of 20
Six-pillar profile for BKMI. Scores out of 100: Cost 24, Risk 31, Mission 95, Tradability 58, Holdings 75, Durability 84. Strongest: Mission (95). Weakest: Cost (24). Leans toward Mission.

Score 55 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F24 out of 100
    Rank 13 of 20

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A95 out of 100
    Rank 12 of 19

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D31 out of 100
    Rank 20 of 20

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B58 out of 100
    Rank 10 of 20

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A75 out of 100
    Rank 3 of 20

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A84 out of 100
    Rank 3 of 20

Our read on BKMI

ETF.net Research

In short

BA muni strategy with roots in 1987, now in ETF form: roughly 500 federally tax-exempt bonds with duration parked between three and eight years. The intermediate lane, priced a step above the muni median.

Stated mandate

The ETF seeks to maximize current income exempt from federal income tax while preserving capital. It normally invests at least 80% of its assets in federally tax-exempt municipal bonds, with portfolio effective duration generally between three and eight years.

Why people hold it

  • The mandate is specific: at least 80% in federally tax-exempt munis, effective duration generally three to eight years. No long-bond surprises hiding inside.
  • Income is built to come out exempt from federal income tax, with preserving capital named right alongside it in the objective.
  • Roughly 500 bonds inside a multi-billion-dollar portfolio, so no single issuer carries the fund.
  • The strategy's track record starts in 1987, which is a lot of rate cycles before muni ETFs were even a thing.

Worth knowing

  • At 0.35% a year it prices above the muni cohort median of 0.30%, and well above index heavyweights VTEB and SCMB at 0.03%.
  • Payouts have arrived on an irregular schedule rather than the fixed monthly rhythm many muni funds keep.
  • Trading is moderate rather than heavy, so the spread can be a bigger slice of a round trip than with the category's most-traded muni funds.

BKMI Performance

Launched Jan 1, 1987

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
BKMI$9,999
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. BKMI $9,999. SPY $10,141. Use the arrow keys to read each point.$9,750$10,000$10,250$10,500Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BKMI. Periods over one year show the average yearly return.
PeriodBKMI
Year to dateHistory unavailableNo data
1 month+3.6%
3 months0.0%
1 yearHistory unavailableNo data
3 yearsHistory unavailableper yearNo data
5 yearsHistory unavailableper yearNo data
10 yearsHistory unavailableper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BKMI
YearReturn barBKMI
2026 YTD−1.1%

History from Jan 12, 2026

BKMI in the news

BKMI Dividends

Last payment
$0.07 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 9 payments in 2026 YTD. Feb 2, 2026 $0.04; Mar 2, 2026 $0.05; Apr 1, 2026 $0.05; May 1, 2026 $0.05; Jun 1, 2026 $0.07; Jul 1, 2026 $0.08; Aug 3, 2026 $0.08; Sep 1, 2026 $0.07; Oct 1, 2026 $0.07. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 5, 2026$0.07
Oct 1, 2026Oct 6, 2026$0.07
Sep 1, 2026Sep 4, 2026$0.07
Aug 3, 2026Aug 6, 2026$0.08
Jul 1, 2026Jul 7, 2026$0.08
Jun 1, 2026Jun 4, 2026$0.07
May 1, 2026May 6, 2026$0.05
Apr 1, 2026Apr 7, 2026$0.05
Mar 2, 2026Mar 5, 2026$0.05
Feb 2, 2026Feb 5, 2026$0.04

BKMI Risk

Risk pillarD31 out of 100Rank 20 of 20 in Intermediate Municipal Bonds
How much the fund’s monthly returns vary, scaled to a year.
No data available
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
No data available
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
No data available
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.83
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

BKMI Cost

Compare BKMI and TAXI

Overpaying vs TAXI, cheapest in Intermediate Municipal Bonds

$6,066

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BKMI 0.35%

    $7,126

  • TAXI 0.05% Cheapest

    $1,060

$10,000
30 years

Cost over time

  • BKMI 0.35%
  • TAXI 0.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530BKMI $7,126TAXI $1,060

Year by year

YearBKMITAXIOverpaying
10$634$92$542
20$2,454$360$2,094
30$7,126$1,060$6,066

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