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Launched · SEC filings

BNY Mellon Municipal Intermediate ETF

BKMINasdaqB

$25.06+0.11 (+0.42%)

At close: Oct 13, 2026, 4:00 PM

B60/ 100

Rank 10 of 20 in Intermediate Municipal Bonds

B60/100Rank 10 of 20inIntermediate Municipal Bonds
Intraday session: up, 24 prints from 24.95 to 25.06. Range 24.99 to 25.08. Use the arrow keys to read each point.24.9825.0025.0225.0710 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$1.5B
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
507
Avg volume · 30D
0.2M sh
NAV per share
$24.98
52W range
low $24.62high $26.88
Launched
Filings
SEC EDGAR

The ETF.net BKMI Grade

B

Score 60 out of 100

Category
Intermediate Municipal Bonds⁠
Rank
10 of 20
Six-pillar profile for BKMI. Scores out of 100: Cost 37, Risk 31, Mission 94, Tradability 57, Holdings 81, Durability 85. Strongest: Mission (94). Weakest: Risk (31). Leans toward Mission.

Score 60 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.
    D37 out of 100
    Rank 11 of 20

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A94 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 19 of 20

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B57 out of 100
    Rank 8 of 20

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A81 out of 100
    Rank 1 of 20

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A85 out of 100
    Rank 3 of 20

Our read on BKMI

ETF.net Research

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

  1. 01The mandate is specific: at least 80% in federally tax-exempt munis, effective duration generally three to eight years. No long-bond surprises hiding inside.
  2. 02Income is built to come out exempt from federal income tax, with preserving capital named right alongside it in the objective.
  3. 03Roughly 500 bonds inside a multi-billion-dollar portfolio, so no single issuer carries the fund.
  4. 04The strategy's track record starts in 1987, which is a lot of rate cycles before muni ETFs were even a thing.

Worth knowing

  1. 01At 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%.
  2. 02Payouts have arrived on an irregular schedule rather than the fixed monthly rhythm many muni funds keep.
  3. 03Trading 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 Holdings

As of Oct 13, 2026
Asset class
Bonds
Holdings
507
Top-10 weight
9%
Largest holding
Net Current Assets1.1%
The fund’s holdings, weight-ordered — page 1 of 34.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Net Current Assets1.15%17,568,605$18M157
002—Il St-Rev-B 5 6/15/20390.98%15,000,000$15M1
003—Ny Liberty Dev CORP-1 5 11/15/20440.96%15,400,000$15M1
004—Cash0.91%13,856,903$14M420
005—Portland Swr-A 4.5 5/1/20370.89%13,635,000$14M1
006—Tobacco Settlement-A 5 6/1/20330.80%12,000,000$12M1
007—Wa St-Ser R-2023B-REF 5 7/1/20380.79%11,690,000$12M1
008—Al Toll ROAD-1 5 10/1/20320.75%11,250,000$12M2
009—Maricopa Ida-B-Ref 5 1/1/20340.74%10,935,000$11M1
010—Miami-Dade Co Edu-B 5.25 4/1/20360.69%10,000,000$11M1
011—Pub Fin Auth 5 7/1/20350.69%10,000,000$10M1
012—Tx Transprtn-C-Ref 5 8/15/20360.68%10,000,000$10M1
013—Main Street Natural-C Frn 12/1/20540.68%10,355,000$10M2
014—Tarrant Co Edu Facs-C Frn 11/15/20640.68%10,000,000$10M1
015—Met Transprtn Auth-A 5 11/15/20370.68%10,000,000$10M2

Showing 1–15 of 507 holdings

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$9,593
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. BKMI $9,593. SPY $10,332. Use the arrow keys to read each point.$9,388$9,902$10,416Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 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 unavailable—
1 month−1.8%
3 months−4.1%
1 yearHistory unavailable—
3 yearsHistory unavailableper year—
5 yearsHistory unavailableper year—
10 yearsHistory unavailableper year—

As of the close, 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−3.8%

History from Jan 12, 2026

BKMI in the news

Filtered to BKMI · Intermediate Municipal Bonds

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
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

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.

BKMI Cost

Expense ratio0.35%
  • The middle half of Intermediate Municipal Bonds funds
  • Median 0.35%

9 of the 19 Intermediate Municipal Bonds funds charge less.

BKMI costs $35.00 a year on $10,000. The median Intermediate Municipal Bonds fund costs $35.00.

Other funds in Intermediate Municipal Bonds

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