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Launched · SEC filings

BNY Mellon Municipal Short Duration ETF

BKMSNasdaqBNY MellonC

$25.30−0.05 (−0.19%)

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

C51/ 100

Rank 26 of 28 in Short-Duration Municipal Bonds

C51/100Rank 26 of 28inShort-Duration Municipal Bonds
Intraday session: down, 79 prints from 25.35 to 25.30. Range 25.28 to 25.32. Use the arrow keys to read each point.25.2825.3225.3410 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$464M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
260
Avg volume · 30D
75.2K sh
52W range
low $24.89high $25.81
Launched
Filings
SEC EDGAR

The ETF.net BKMS Grade

C

Score 51 out of 100

Category
Short-Duration Municipal Bonds⁠
Rank
26 of 28
Six-pillar profile for BKMS. Scores out of 100: Cost 11, Risk 29, Mission 100, Tradability 60, Holdings 67, Durability 65. Strongest: Mission (100). Weakest: Cost (11). Leans toward Mission.

Score 51 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.
    F11 out of 100
    Rank 24 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.
    D29 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.
    B60 out of 100
    Rank 10 of 28

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B67 out of 100
    Rank 9 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 11 of 28

Our read on BKMS

ETF.net Research

In short

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

  • The 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.
  • Short 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.
  • The strategy dates to 2000, so it has run through multiple rate cycles rather than one.
  • Spread across roughly a couple hundred municipal bonds, so no single issuer carries the portfolio.

Worth knowing

  • At 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%.
  • Thinly 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.
  • Distributions arrive on an irregular schedule rather than a fixed monthly one, which is worth knowing if you plan around income timing.

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$10,051
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,093
Jul 31, 2026 to Nov 2, 2026. BKMS $10,051. SPY $10,093. Use the arrow keys to read each point.$10,000$10,200$10,400Jul 2026Sep 2026Nov 2026

Jul 31, 2026 – Nov 2, 2026

Returns run to the Nov 2, 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 unavailableNo data
1 month+1.5%
3 months+0.5%
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 BKMS
YearReturn barBKMS
2026 YTD+1.1%

History from Jan 12, 2026

BKMS in the news

BKMS Dividends

Upcoming payment
$0.06 per share
Pays 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. 10 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 $0.06; Nov 2, 2026 $0.06. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 5, 2026$0.06
Oct 1, 2026Oct 6, 2026$0.06
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

Risk pillarD29 out of 100Rank 27 of 27 in Short-Duration 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.
0.23
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.

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

BKMS Cost

Compare BKMS and VTES

Overpaying vs VTES, tied cheapest in Short-Duration Municipal Bonds

$6,066

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

  • BKMS 0.35%

    $7,126

  • VTES 0.05% Tied cheapest

    $1,060

$10,000
30 years

Cost over time

  • BKMS 0.35%
  • VTES 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$8K051015202530BKMS $7,126VTES $1,060

Year by year

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

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