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BKMS ETF — Holdings & Analysis

The BNY Mellon Municipal Short Duration ETF (BKMS) is a fixed-income ETF with $0.45 billion in assets under management. BKMS seeks to maximize current income exempt from federal income tax, primarily investing in investment-grade municipal bonds. With an expense ratio of 0.35%, BKMS offers a liquid ETF structure, allowing investors to buy or sell shares anytime the market is open. The fund's strategy focuses on short-duration municipal bonds, aiming to preserve capital while providing tax-exempt income.

BNY Mellon Municipal Short Duration ETF (BKMS) ETF — Price, Holdings & Analysis

The BNY Mellon Municipal Short Duration ETF (BKMS) is a fixed-income ETF with $0.45 billion in assets under management. BKMS seeks to maximize current income exempt from federal income tax, primarily investing in investment-grade municipal bonds. With an expense ratio of 0.35%, BKMS offers a liquid ETF structure, allowing investors to buy or sell shares anytime the market is open. The fund's strategy focuses on short-duration municipal bonds, aiming to preserve capital while providing tax-exempt income.

ETF Overview

The fund seeks to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that provide income exempt from U.S. federal income tax. The fund typically invests in municipal and taxable bonds rated investment grade (i.e., Baa3/BBB- or higher) at the time of purchase or, if unrated, deemed of comparable quality by the fund’s sub-adviser, Insight North America LLC. Generally, the average effective duration of the fund's portfolio will not exceed three years. The fund may invest in individual municipal and taxable bonds of any maturity or duration. Duration is an indication of an investment's "interest rate risk," or how sensitive a bond or the fund's portfolio may be to changes in interest rates. Generally, the longer a bond's duration, the more likely it is to react to interest rate fluctuations and the greater its long-term risk/return potential. The fund’s liquid ETF structure allows investors to buy or sell any time the market is open.
BKMS aims to provide current income that is exempt from federal income tax by investing primarily in municipal bonds. The fund invests at least 80% of its net assets in municipal bonds that provide income exempt from U.S. federal income tax. BKMS typically invests in municipal and taxable bonds rated investment grade (Baa3/BBB- or higher) at the time of purchase. The fund's strategy emphasizes short-duration bonds; the average effective duration of the portfolio will not exceed three years, helping to manage interest rate risk. This focus on short-duration bonds makes it suitable for investors seeking to minimize the impact of interest rate fluctuations on their fixed-income investments. The fund may invest in individual municipal and taxable bonds of any maturity or duration. The fund's liquid ETF structure allows investors to buy or sell any time the market is open. The fund's country exposure is 100% to other countries.

Risk Metrics

BKMS has a beta of 0.24, indicating lower volatility compared to the broader market. The fund's focus on investment-grade municipal bonds aims to reduce credit risk, but it is still subject to the risk of default. The fund's expense ratio of 0.35% can create a slight drag on performance over time. While the fund invests in a variety of municipal bonds (242 holdings), concentration risk can still exist within specific sectors or issuers. The fund's emphasis on short-duration bonds mitigates interest rate risk, but it may also limit potential capital appreciation in a falling interest rate environment. Past performance does not guarantee future results.

Expense Ratio

0.35%

Sector Allocation

  • Other: 100.0%

Dividend Yield

0.00%
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  • <a href="/etf/dyfi">IDX Dynamic Fixed Income ETF (DYFI)</a> — 1.12% expense ratio
  • <a href="/etf/bmdl">VictoryShares WestEnd Economic Cycle Bond ETF (BMDL)</a> — 0.56% expense ratio
  • <a href="/etf/bamb">Brookstone Intermediate Bond ETF (BAMB)</a> — 1.04% expense ratio
  • <a href="/etf/hybi">NEOS Enhanced Income Credit Select ETF (HYBI)</a> — 0.68% expense ratio
  • <a href="/etf/flcb">Franklin U.S. Core Bond ETF (FLCB)</a> — 0.15% expense ratio
  • <a href="/etf/bltd">Bluemonte Long Term Bond ETF (BLTD)</a> — 0.23% expense ratio
  • <a href="/etf/bkwo">BNY Mellon Women's Opportunities ETF (BKWO)</a> (Equity) — 0.50% expense ratio
  • <a href="/etf/bkdv">BNY Mellon Dynamic Value ETF (BKDV)</a> (Equity) — 0.60% expense ratio
  • <a href="/etf/bkmi">BNY Mellon Municipal Intermediate ETF (BKMI)</a> (Fixed Income) — 0.35% expense ratio

Risk Metrics

  • Beta: 0.24

Questions & Answers

What is BKMS and what does it track?

The BNY Mellon Municipal Short Duration ETF (BKMS) is a fixed-income ETF managed by BNY Mellon. Launched in 2000, BKMS aims to maximize current income exempt from federal income tax. The fund achieves this by investing at least 80% of its net assets in municipal bonds that provide income exempt from U.S. federal income tax. BKMS primarily focuses on investment-grade municipal bonds with a short duration, generally maintaining an average effective duration of no more than three years. The fund's objective is to provide tax-advantaged income while preserving capital.

What is the expense ratio for BKMS?

The expense ratio for BKMS is 0.35%. This means that for every $10,000 invested in the fund, investors will pay $35 in annual expenses. While this is an important factor to consider, it's essential to weigh the expense ratio against the fund's potential returns and tax benefits. The expense ratio is lower than the category average of 0.44%.

What are the top holdings in BKMS?

As a municipal bond ETF, BKMS's holdings can vary over time. While a precise list of current top holdings requires real-time data, the fund generally invests in a diverse range of municipal bonds from various states and municipalities. These holdings are typically investment-grade and short-duration. For the most up-to-date list of top holdings and their respective weights, refer to the official BNY Mellon website or other financial data providers.

Is BKMS a good long-term investment?

Whether BKMS is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and tax situation. BKMS offers tax-exempt income and focuses on short-duration bonds, which can help mitigate interest rate risk. The fund's beta of 0.24 indicates lower volatility compared to the broader market. Investors seeking a stable, tax-advantaged income stream with lower interest rate sensitivity may find BKMS appealing. However, past performance does not guarantee future results, and their may be worth researching overall portfolio allocation and financial objectives.

How does BKMS compare to similar ETFs?

BKMS competes with other short-duration municipal bond ETFs, each with its own nuances. Key factors to compare include expense ratio, AUM, and investment strategy. BKMS has an expense ratio of 0.35% and AUM of $0.45 billion. Some competing ETFs may have lower expense ratios or different portfolio compositions, which could lead to variations in performance and risk profiles. Investors should carefully evaluate the specific objectives and holdings of each ETF to determine the best fit for their needs.

Does BKMS pay dividends?

BKMS is a fixed income ETF that invests in municipal bonds. While the fund aims to provide current income, the dividend yield is currently 0.00% as of 2026-03-15. Investors should review the fund's distribution history and prospectus for more information on dividend payments.