BKMI ETF — BNY Mellon Municipal Intermediate ETF

BNY Mellon Municipal Intermediate ETF (BKMI)

BKMI is an ETF. As of August 19, 2026, its distribution rate is 3.51%, its trailing-12-month yield is 1.58%, its expense ratio is 0.35%. Dividend Vision Distribution Safety Score™ is 50/100 (Caution). Fund total return is -0.7% over the past 0.6 years, 11.7 points behind SPY at 11.0%.

At the current 3.51% distribution rate, a $10,000 investment would generate approximately $351 per year, or $29.25 per month on an equivalent basis.

BNY Mellon Municipal Intermediate ETF invests at least 80% of its assets in municipal bonds with maturities typically between three and ten years, providing income that is exempt from federal personal income tax. The fund carries a modest current distribution rate with monthly distributions and has a low expense ratio of 0.35%. It appeals to income-focused investors seeking tax-advantaged bond exposure with intermediate-term maturity characteristics.

BKMI performance versus SPY

Data as of August 19, 2026.

Fund total return is -0.7% over the past 0.6 years, 11.7 points behind SPY at 11.0%.

BKMI key facts

Data as of August 19, 2026.

Distribution Safety Score™

50 · Caution

Issuer

BNY Mellon

Asset type

ETF

Asset class

Fixed Income

Inception date

10/02/2000

Expense ratio

0.35%

Distribution rate

3.51%

Distribution frequency

Monthly

Trailing yield

1.58%

Last close

$25.99

AUM

$1,673,393,142

Average volume

152220.0

Last dividend

$0.0760

Ex-dividend date

08/03/2026

Payment date

08/06/2026

Beta

0.83

How Dividend Vision calculates yield and returns

Distribution rate (3.51%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (1.58%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: BNY Mellon; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BKMI risks and drawbacks

BKMI's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window.

Who may consider BKMI — and who may not

BKMI may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from BNY Mellon.