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BKMI

GradeBNASDAQ Global Market

BNY Mellon Municipal Intermediate ETF

Municipal Bond · BNY Mellon · Inception 1987-01-01 · SEC filings

$25.07−0.22 (−0.87%)

As of Sep 23, 2026, 2:08 PM EDT

History starts Jan 12, 2026.History starts Jan 12, 2026.
Intraday session: down, 23 prints from 25.29 to 25.07. Range 25.07 to 25.30. Use the arrow keys to read each point.$25.10$25.20$25.3010 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$1.7B
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
529
Volume · 30D
0.1M sh
NAV per share
$25.32
52W range
low $25.29high $26.88

The ETF.net BKMI Grade

B

59/ 100

Rank 11 of 20 in Intermediate Municipal Bonds⁠

Confidence High

Six-pillar profile for BKMI. Scores out of 100: Cost 37, Risk 30, Mission 98, Tradability 49, Holdings 78, Durability 86. Strongest: Mission (98). Weakest: Risk (30). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 59 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 37
    Category rank12/20 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 98
    Category rank3/19 · top 16%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 30
    Category rank20/20 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 49
    Category rank10/20 · top 50%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 78
    Category rank2/20 · top 10%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 86
    Category rank3/20 · top 15%

Graded as of Sep 22, 2026

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 Sep 21, 2026, 3:34 AM
Asset class
Bonds
Holdings
529
Top-10 weight
7%
Largest holding
IL ST-REV-B 5 6/15/20390.9%
The fund’s holdings, weight-ordered — page 1 of 36.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—IL ST-REV-B 5 6/15/20390.92%15,000,000$15M1
002—NY LIBERTY DEV CORP-1 5 11/15/20440.92%15,400,000$15M1
003—PORTLAND SWR-A 4.5 5/1/20370.82%13,635,000$14M1
004—WA ST-SER R-2023B-REF 5 7/1/20380.74%11,690,000$12M1
005—TOBACCO SETTLEMENT-A 5 6/1/20330.74%12,000,000$12M1
006—AL TOLL ROAD-1 5 10/1/20320.70%11,250,000$12M2
007—MARICOPA IDA-B-REF 5 1/1/20340.69%10,935,000$11M1
008—CT HLTH & EDUCTNL-B-2 FRN 7/1/20640.65%10,000,000$11M1
009—DASNY-A 5 10/1/20350.65%10,000,000$11M1
010—MIAMI-DADE CO EDU-B 5.25 4/1/20360.64%10,000,000$11M1
011—MAIN STREET NATURAL-C FRN 12/1/20540.64%10,355,000$11M2
012—PUB FIN AUTH 5 7/1/20350.64%10,000,000$11M1
013—NEW YORK 5 8/1/20300.63%10,000,000$11M1
014—TARRANT CO EDU FACS-C FRN 11/15/20640.63%10,000,000$11M1
015—MET TRANSPRTN AUTH-A 5 11/15/20370.63%10,000,000$11M2

Showing 1–15 of 535 holdings

BKMI Performance

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

BKMI$9,684
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. BKMI $9,684. SPY $10,415. Use the arrow keys to read each point.$9,623$10,067$10,511Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 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−2.4%
3 months−3.2%
1 yearHistory unavailable—
3 yearsHistory unavailable—per year
5 yearsHistory unavailable—per year
10 yearsHistory unavailable—per 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−2.8%

History from Jan 12, 2026

BKMI in the news

ETF.net Research hasn’t filed on BKMI yet — coverage lands here as it’s written.

BKMI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
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. 8 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. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
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.