BKMI ETF — Holdings & Analysis

For informational purposes only. Not financial advice.

Quick Answer

The fund seeks to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. 0.35% expense ratio, $1.8B AUM, 541 holdings, inception 1987.

BNY Mellon Municipal Intermediate ETF (BKMI) ETF — Price, Holdings & Analysis

The fund seeks to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. 0.35% expense ratio, $1.8B AUM, 541 holdings, inception 1987.

ETF Overview

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. Generally, the average effective duration of the fund's portfolio will be between three and eight 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.

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. BNY Mellon Municipal Intermediate ETF provides exposure to the fixed income market. The portfolio is broadly diversified with 541 holdings.

Risk Metrics

With 541 holdings, the fund offers broad diversification that mitigates individual security risk. As with all ETFs, the fund is subject to market risk and its value will fluctuate with market conditions. Past performance does not guarantee future results. The fund's investment objectives, risks, charges, and expenses carefully before investing may be worth researching.

Expense Ratio

0.35%

How Is the Fund Allocated?

Country	Weight
Other	100.0%

Dividend Yield

0.00%

iShares iBoxx $ High Yield Corporate Bond ETF (HYG) — 0.49% expense ratio
iShares 20+ Year Treasury Bond ETF (TLT) — 0.15% expense ratio
JPMorgan International Bond Opportunities ETF (JPIB) — 0.50% expense ratio
IDX Dynamic Fixed Income ETF (DYFI) — 1.12% expense ratio
Invesco Taxable Municipal Bond ETF (BAB) — 0.28% expense ratio
iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) — 0.14% expense ratio
iShares Core U.S. Aggregate Bond ETF (AGG) — 0.03% expense ratio
iShares MBS ETF (MBB) — 0.04% expense ratio

BNY Mellon Women's Opportunities ETF (BKWO) (Equity) — 0.50% expense ratio
BNY Mellon Dynamic Value ETF (BKDV) (Equity) — 0.60% expense ratio
BNY Mellon Municipal Short Duration ETF (BKMS) (Fixed Income) — 0.35% expense ratio

Risk Metrics

Beta: 0.82

Questions & Answers

What is BNY Mellon Municipal Intermediate ETF (BKMI)?

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 purpo It holds 541 securities. With $1.8B in assets under management, it is one of the larger funds in its category.

What is the expense ratio for BKMI?

BNY Mellon Municipal Intermediate ETF has an expense ratio of 0.35%, which is considered moderate for fixed income ETFs. This means for every $10,000 invested, annual fees would be approximately $35.

Lower expense ratios generally lead to better long-term returns, all else being equal.

How long has BKMI been around?

BNY Mellon Municipal Intermediate ETF was launched in 1987, making it 39 years old. As one of the longer-running ETFs, it has an extensive performance track record through multiple market cycles. It is managed by BNY Mellon.

What is the current NAV of BKMI?

BNY Mellon Municipal Intermediate ETF has a net asset value (NAV) of approximately $26.42 per share. The NAV represents the per-share value of the fund's underlying assets minus liabilities.

Market price may differ slightly from NAV due to supply and demand dynamics during trading hours.

Is BKMI a good investment?

BNY Mellon Municipal Intermediate ETF is a fixed income ETF with $1.8B in assets and 541 holdings. Fixed income ETFs generally provide more stable returns than equity funds but are sensitive to interest rate changes.

When rates rise, bond prices typically fall, and vice versa. Whether it is suitable depends on your investment goals, risk tolerance, and time horizon. Consider consulting a financial advisor for personalized guidance.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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