# BNY Mellon Municipal Intermediate ETF (BKMI): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/bkmi for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: BNY Mellon · Asset class: Fixed Income - Strategy: — · Inception: 1987-01-01 This fund aims to generate the highest possible current income, exempt from U.S. federal income tax, while simultaneously safeguarding invested capital. To achieve this, it typically allocates at least 80% of its net assets (including any borrowed funds for investment) to municipal bonds that produce income free from federal taxation. The portfolio primarily consists of investment-grade municipal and taxable bonds, meaning they are rated Baa3/BBB- or higher at the time of purchase, or are considered of comparable quality by the sub-adviser if unrated. Generally, the average effective durati... ## Key Facts | Metric | Value | |---|---| | Price | $25.63 | | Expense Ratio | 0.35% | | Assets Under Management | $1.53B | | NAV | $25.64 | | Holdings Count | 531 | | Distribution Yield (TTM) | 2.15% | | Annual Distribution (TTM) | $0.55 /share | | Distribution Frequency | Monthly | | 52-Week Range | $24.62 – $26.88 | | Beta | 0.83 | ## Latest Distribution - Amount: $0.0702 /share - Ex-date: 2026-10-01 - Pay date: 2026-10-06 ## Frequently Asked Questions ### What does BKMI invest in? This fund aims to generate the highest possible current income, exempt from U.S. federal income tax, while simultaneously safeguarding invested capital. To achieve this, it typically allocates at least 80% of its net assets (including any borrowed funds for investment) to municipal bonds that produce income free from federal taxation. The portfolio primarily consists of investment-grade municipal and taxable bonds, meaning they are rated Baa3/BBB- or higher at the time of purchase, or are considered of comparable quality by the sub-adviser if unrated. Generally, the average effective duration of the fund's holdings ranges from three to eight years, although it maintains the flexibility to invest in individual bonds of any maturity or duration. Duration serves as an indicator of an investment's "interest rate risk," measuring how sensitive a bond or the overall portfolio is to shifts in interest rates; a longer duration typically signals greater sensitivity to rate changes and, consequently, higher long-term risk and return potential. As a liquid Exchange Traded Fund (ETF), investors can conveniently buy or sell shares throughout market trading hours. ### What is the expense ratio of BKMI? BNY Mellon Municipal Intermediate ETF (BKMI) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations. ### What is BKMI's dividend yield? BKMI's trailing-twelve-month yield is 2.15%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of BKMI? Effective duration measures BKMI's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BKMI's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of BKMI? BKMI's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of BKMI? Yield to maturity (YTM) is the total return you'd earn from BKMI if every bond in the portfolio is held to maturity at the current price. BKMI's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does BKMI pay a dividend? Yes, BNY Mellon Municipal Intermediate ETF (BKMI) distributes dividends to shareholders. The trailing-twelve-month yield is 2.15%. Full dividend history is on this page. ### How often does BKMI pay dividends? BNY Mellon Municipal Intermediate ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is BKMI's next ex-dividend date? The most recently announced ex-dividend date for BKMI was 2026-10-01. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will BKMI's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.35% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does BKMI charge its expense ratio? The expense ratio is deducted in tiny daily slices from BKMI's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does BKMI cost more than a fund like VOO? BKMI's strategy (current expense ratio 0.35%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where BKMI sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to BKMI? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as BKMI (0.35%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/bkmi - Distribution history: https://www.dividenddata.com/funds/bkmi/dividend - Holdings & diversification: https://www.dividenddata.com/funds/bkmi/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/bkmi/expenses - Peer comparison: https://www.dividenddata.com/funds/bkmi/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.