BNY Mellon Municipal Intermediate ETF (BKMI)

The BNY Mellon Municipal Intermediate ETF (BKMI) invests in municipal bonds issued by U.S. states, cities and other public entities, seeking income that is generally exempt from federal income tax. The portfolio focuses on the intermediate part of the maturity spectrum, aiming for a balance between yield and interest-rate sensitivity.

The fund is actively managed, with portfolio managers selecting bonds based on credit research, issuer and sector analysis, and their views on rates, rather than replicating an index. Holdings are mainly investment-grade municipal securities, including general obligation and revenue bonds. It is sponsored by BNY Investments, part of The Bank of New York Mellon, and trades on Nasdaq.