# BNY Mellon Municipal Short Duration ETF (BKMS): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/bkms 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: 2000-10-02 This fund endeavors to produce significant current income that is exempt from federal taxation, prioritizing the protection of invested capital. To accomplish this, it typically commits a minimum of 80% of its net assets, including any leveraged funds, to municipal bonds that generate income free from U.S. federal income tax. The portfolio primarily comprises municipal and taxable bonds that carry an investment-grade rating (specifically Baa3/BBB- or higher) at the point of acquisition, or, if unrated, are judged to be of equivalent quality by Insight North America LLC, the fund's sub-advis... ## Key Facts | Metric | Value | |---|---| | Price | $25.33 | | Expense Ratio | 0.35% | | Assets Under Management | $461.2M | | NAV | $25.34 | | Holdings Count | 252 | | Distribution Yield (TTM) | 2.19% | | Annual Distribution (TTM) | $0.55 /share | | Distribution Frequency | Monthly | | 52-Week Range | $24.89 – $25.81 | | Beta | 0.23 | ## Latest Distribution - Amount: $0.0650 /share - Ex-date: 2026-10-01 - Pay date: 2026-10-06 ## Frequently Asked Questions ### What does BKMS invest in? This fund endeavors to produce significant current income that is exempt from federal taxation, prioritizing the protection of invested capital. To accomplish this, it typically commits a minimum of 80% of its net assets, including any leveraged funds, to municipal bonds that generate income free from U.S. federal income tax. The portfolio primarily comprises municipal and taxable bonds that carry an investment-grade rating (specifically Baa3/BBB- or higher) at the point of acquisition, or, if unrated, are judged to be of equivalent quality by Insight North America LLC, the fund's sub-adviser. The average effective duration of the fund's assets is structured to remain at or below three years. Nevertheless, the fund maintains the flexibility to acquire individual municipal and taxable bonds across all maturities or durations. Duration serves as an indicator of an investment's "interest rate risk," illustrating its susceptibility to changes in interest rates. Generally, a longer duration signifies increased sensitivity to interest rate movements, which can lead to more pronounced long-term risk and return outcomes. Being a liquid exchange-traded fund (ETF), it facilitates investor trading of shares during all market operating hours. ### What is the expense ratio of BKMS? BNY Mellon Municipal Short Duration ETF (BKMS) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations. ### What is BKMS's dividend yield? BKMS's trailing-twelve-month yield is 2.19%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of BKMS? Effective duration measures BKMS's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BKMS's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of BKMS? BKMS'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 BKMS? Yield to maturity (YTM) is the total return you'd earn from BKMS if every bond in the portfolio is held to maturity at the current price. BKMS'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 BKMS pay a dividend? Yes, BNY Mellon Municipal Short Duration ETF (BKMS) distributes dividends to shareholders. The trailing-twelve-month yield is 2.19%. Full dividend history is on this page. ### How often does BKMS pay dividends? BNY Mellon Municipal Short Duration 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 BKMS's next ex-dividend date? The most recently announced ex-dividend date for BKMS 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 BKMS'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 BKMS charge its expense ratio? The expense ratio is deducted in tiny daily slices from BKMS'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 BKMS cost more than a fund like VOO? BKMS'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 BKMS sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to BKMS? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as BKMS (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/bkms - Distribution history: https://www.dividenddata.com/funds/bkms/dividend - Holdings & diversification: https://www.dividenddata.com/funds/bkms/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/bkms/expenses - Peer comparison: https://www.dividenddata.com/funds/bkms/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.