BNY Mellon Municipal Short Duration ETF (BKMS)

The BNY Mellon Municipal Short Duration ETF (BKMS) holds municipal bonds issued by U.S. states, local governments and public authorities, with the goal of providing income that is generally exempt from federal income tax while keeping interest-rate sensitivity low.

The fund concentrates on shorter-maturity municipal securities and is actively managed, so the portfolio managers choose individual bonds based on credit quality, structure and relative value rather than following an index. Its short duration positions it as a lower-volatility alternative within tax-exempt fixed income. The fund is sponsored by BNY Investments, the asset management arm of The Bank of New York Mellon, and is listed on Nasdaq.