BKMS ETF — BNY Mellon Municipal Short Duration ETF

BNY Mellon Municipal Short Duration ETF (BKMS)

BKMS is an ETF. its distribution rate is 3.05%, its trailing-12-month yield is 1.94%, its expense ratio is 0.35%. Dividend Vision Distribution Safety Score™ is 79/100 (Generally safe). Total return is 0.3% over the past 0.7 years, 10.1 points behind SPY at 10.4%.

At the current 3.05% distribution rate, a $10,000 investment would generate approximately $305 per year, or $25.42 per month.

BNY Mellon Municipal Short Duration ETF is an exchange-traded fund that invests at least 80% of its assets in municipal bonds with maturities and durations generally under three years, providing income that is exempt from federal personal income tax. The fund maintains a modest current distribution rate and pays distributions monthly, with an expense ratio of 0.35%. It appeals to investors seeking tax-advantaged income from a conservative, short-duration fixed income strategy.

BKMS performance versus SPY

Price and return data through 2026-09-18.

Total return is 0.3% over the past 0.7 years, 10.1 points behind SPY at 10.4%.

BKMS key facts

Distribution Safety Score™

79 · Generally safe

Safety-Adjusted Yield

2.41%

Issuer

BNY Mellon

Asset type

ETF

Asset class

Fixed Income

Inception date

10/02/2000

Expense ratio

0.35%

Distribution rate

3.05%

Distribution frequency

Monthly

Trailing yield

1.94%

Last close

$25.21 (as of 2026-09-21)

NAV

$25.23

Premium / discount

0.08% discount

AUM

$432,913,383

Average volume

100035.0

Last dividend

$0.064

Last ex-dividend date

09/01/2026 (as of 2026-09-01)

Last payment date

09/04/2026 (as of 2026-09-04)

Beta

0.23

How Dividend Vision calculates yield and returns

Distribution rate (3.05%) 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 (1.94%) 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. 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.

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.

BKMS risks and drawbacks

BKMS'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 BKMS — and who may not

BKMS 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 securities from BNY Mellon.