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Launched · SEC filings

BNY Mellon Municipal Short Duration ETF

BKMSNasdaqC

$25.09+0.02 (+0.07%)

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

C49/ 100

Rank 25 of 28 in Short-Duration Municipal Bonds

C49/100Rank 25 of 28inShort-Duration Municipal Bonds
Intraday session: up, 30 prints from 25.07 to 25.09. Range 25.08 to 25.12. Use the arrow keys to read each point.25.0825.1025.1125.1210 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$441M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
252
Avg volume · 30D
0.1M sh
NAV per share
$25.07
52W range
low $24.89high $25.81
Launched
Filings
SEC EDGAR

The ETF.net BKMS Grade

C

Score 49 out of 100

Category
Short-Duration Municipal Bonds⁠
Rank
25 of 28
Six-pillar profile for BKMS. Scores out of 100: Cost 7, Risk 32, Mission 100, Tradability 50, Holdings 62, Durability 65. Strongest: Mission (100). Weakest: Cost (7). Leans toward Mission.

Score 49 of 100 falls in the C 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.
    F7 out of 100
    Rank 25 of 28

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 27

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D32 out of 100
    Rank 27 of 27

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C50 out of 100
    Rank 16 of 28

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B62 out of 100
    Rank 11 of 28

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B65 out of 100
    Rank 10 of 28

Our read on BKMS

ETF.net Research

CA short-duration municipal bond portfolio with a track record that starts in 2000, now in an ETF wrapper. The idea: federally tax-exempt income from a couple hundred bonds, with maturities kept close in rather than stretched out.

Stated mandate

The fund seeks to maximize current income exempt from federal income tax while preserving capital. It normally invests at least 80% of assets, plus investment borrowings, in tax-exempt municipal bonds.

Why people hold it

  1. 01The mandate is written down: at least 80% of assets in tax-exempt municipal bonds, aiming to maximize income exempt from federal income tax while preserving capital.
  2. 02Short duration is the design choice. Keeping maturities close in mechanically dampens how much the portfolio's price moves when rates do, compared with long-dated muni funds.
  3. 03The strategy dates to 2000, so it has run through multiple rate cycles rather than one.
  4. 04Spread across roughly a couple hundred municipal bonds, so no single issuer carries the portfolio.

Worth knowing

  1. 01At 0.35%, the fee sits above the muni cohort median. Index heavyweights set a low bar here: VTEB at 0.03% and MUB at 0.05%.
  2. 02Thinly traded next to the big muni ETFs, so the spread you cross on the way in and out can matter as much as the headline fee.
  3. 03Distributions arrive on an irregular schedule rather than a fixed monthly one, which is worth knowing if you plan around income timing.

BKMS Holdings

As of Oct 13, 2026
Asset class
Bonds
Holdings
252
Top-10 weight
15%
Largest holding
Rhode Island St Hlth 5 5/15/20272.2%
The fund’s holdings, weight-ordered — page 1 of 17.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Rhode Island St Hlth 5 5/15/20272.25%9,915,000$10M1
002—Cash2.22%9,818,082$10M420
003—Tarrant Co Edu Facs-B Frn 11/15/20641.75%7,500,000$8M1
004—Southeast Energy Auth Frn 5/1/20531.68%7,360,000$7M2
005—DASNY-SER-2-A Frn 7/1/20481.40%6,000,000$6M1
006—Ct Hlth & EDUCTNL-B-1 Frn 7/1/20641.27%5,350,000$6M1
007—Philadelphia Hsg-A 5 3/1/20291.21%5,200,000$5M1
008—New York CITY-F-1-REF 5 8/1/20301.19%5,000,000$5M1
009—Pvt Clg Univ Auth-A 5 9/1/20291.18%5,000,000$5M1
010—New York CITY-B-1-REF 5 8/1/20291.18%5,000,000$5M1
011—Virginia St Cmwlth-A 5 5/15/20311.15%5,000,000$5M1
012—Tulsa Co ISD#4 5 6/1/20271.14%5,000,000$5M1
013—Ny St Hsg Fin AGY-B-2 Frn 11/1/20641.12%5,000,000$5M1
014—Miami-Dade Co Hsg-A Frn 2/1/20441.11%5,000,000$5M1
015—Rural Wtr Fing-A-Nts 2.75 5/1/20281.11%5,000,000$5M1

Showing 1–15 of 252 holdings

BKMS Performance

Launched Oct 2, 2000

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.
BKMS$9,921
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. BKMS $9,921. SPY $10,332. Use the arrow keys to read each point.$9,608$10,004$10,400Jul 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 BKMS. Periods over one year show the average yearly return.
PeriodBKMS
Year to dateHistory unavailable—
1 month−0.6%
3 months−0.8%
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 BKMS
YearReturn barBKMS
2026 YTD−0.1%

History from Jan 12, 2026

BKMS in the news

Filtered to BKMS · Short-Duration Municipal Bonds

BKMS 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 $0.06; Apr 1, 2026 $0.06; May 1, 2026 $0.06; Jun 1, 2026 $0.06; Jul 1, 2026 $0.07; Aug 3, 2026 $0.08; Sep 1, 2026 $0.06; 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$0.06
Aug 3, 2026Aug 6, 2026$0.08
Jul 1, 2026Jul 7, 2026$0.07
Jun 1, 2026Jun 4, 2026$0.06
May 1, 2026May 6, 2026$0.06
Apr 1, 2026Apr 7, 2026$0.06
Mar 2, 2026Mar 5, 2026$0.06
Feb 2, 2026Feb 5, 2026$0.04

BKMS 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.
0.23
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.

BKMS Cost

Expense ratio0.35%
  • The middle half of Short-Duration Municipal Bonds funds
  • Median 0.25%

23 of the 27 Short-Duration Municipal Bonds funds charge less.

BKMS costs $35.00 a year on $10,000. The median Short-Duration Municipal Bonds fund costs $25.00.

Other funds in Short-Duration Municipal Bonds

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