BKMI ETF — BNY Mellon Municipal Intermediate ETF

BNY Mellon Municipal Intermediate ETF (BKMI)

Updated October 16, 2026.

BKMI is an ETF. its distribution rate is 3.33%, its trailing-12-month yield is 2.18%, its expense ratio is 0.35%. Dividend Vision Distribution Safety Score™ is 79/100 (Generally safe). Total return is -2.6% over the past 0.8 years, 13.3 points behind SPY at 10.7%.

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

Price and return data through 2026-10-16.

Total return is -2.6% over the past 0.8 years, 13.3 points behind SPY at 10.7%.

BKMI key facts

Distribution Safety Score™

79 · Generally safe

Safety-Adjusted Yield

2.63%

Issuer

BNY Mellon

Asset type

ETF

Asset class

Fixed Income

Inception date

10/02/2000

Expense ratio

0.35%

Distribution rate

3.33%

Distribution frequency

Monthly

Trailing yield

2.18%

Last close

$25.26 (as of 2026-10-16)

AUM

$1,576,514,789

Average volume

169068.0

Dividend

$0.07

Ex-dividend date

10/01/2026

Payment date

10/06/2026

Beta

0.83

How Dividend Vision calculates yield and returns

Distribution rate (3.33%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.18%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

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.

More on BKMI

• All tickers starting with B

Tagged: Bonds, Tax Efficient.

Frequently asked questions

More securities from BNY Mellon.