BKMI ETF Price & Analysis

BKMI (BNY Mellon Municipal Intermediate ETF) is an actively managed ETF that seeks to deliver tax-efficient current income by investing primarily in investment-grade U.S. municipal (local government) bonds with intermediate maturities. Focused on the government/local authority municipal sector, the fund targets higher-quality, investment-grade issuers—bonds generally rated BBB-/Baa3 or higher—aiming to combine credit quality with attractive tax-exempt yields. By concentrating on intermediate-term maturities (generally in the multi-year range), BKMI intends to balance income generation against interest-rate sensitivity, offering a middle ground between short- and long-duration municipal strategies. Portfolio construction emphasizes fundamental credit research and relative-value analysis to identify issuers and issues that offer compelling risk-adjusted returns within the tax-exempt municipal market. The active approach allows managers to rotate across sectors, states and credit spectrums, and to manage duration and liquidity opportunistically. BKMI is designed for taxable investors seeking federally tax-exempt income, moderate interest-rate exposure, and a disciplined, credit-focused municipal bond allocation as part of a diversified fixed-income portfolio.