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BNY Mellon Municipal Short Duration ETF (BKMS): ETF

ETF traded on XNAS under symbol BKMS. Quoted in usd.

BNY Mellon Municipal Short Duration ETF logo

BNY Mellon Municipal Short Duration ETF

+0.07%$25.36
XNAS:BKMSFixed Income
AUM $463.75M·YTD --·Yield --
BNY Mellon Municipal Short Duration ETF logoXNAS:BKMS$25.36+0.07%
About BKMS

This fund endeavors to produce significant current income that is exempt from federal taxation, prioritizing the protection of invested capital. To accomplish this, it typically commits a minimum of 80% of its net assets, including any leveraged funds, to municipal bonds that generate income free from U.S. federal income tax. The portfolio primarily comprises municipal and taxable bonds that carry an investment-grade rating (specifically Baa3/BBB- or higher) at the point of acquisition, or, if unrated, are judged to be of equivalent quality by Insight North America LLC, the fund's sub-adviser. The average effective duration of the fund's assets is structured to remain at or below three years. Nevertheless, the fund maintains the flexibility to acquire individual municipal and taxable bonds across all maturities or durations. Duration serves as an indicator of an investment's "interest rate risk," illustrating its susceptibility to changes in interest rates. Generally, a longer duration signifies increased sensitivity to interest rate movements, which can lead to more pronounced long-term risk and return outcomes. Being a liquid exchange-traded fund (ETF), it facilitates investor trading of shares during all market operating hours.

Largest holdings

  1. RHODE ISLAND ST HLTH 5 5/15/20272.14%
  2. TARRANT CO EDU FACS-B FRN 11/15/20641.70%
  3. SOUTHEAST ENERGY AUTH FRN 5/1/20531.62%
  4. DASNY-SER-2-A FRN 7/1/20481.35%
  5. CT HLTH & EDUCTNL-B-1 FRN 7/1/20641.23%
  6. PHILADELPHIA HSG-A 5 3/1/20291.17%
  7. NEW YORK CITY-F-1-REF 5 8/1/20301.15%
  8. ORLANDO UTILITIES-B-2 FRN 10/1/20561.14%
  9. NEW YORK CITY-B-1-REF 5 8/1/20291.14%
  10. PVT CLG UNIV AUTH-A 5 9/1/20291.14%
Full holdings, sectors and countries
Dividend History
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Compared against
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Total Invested
$70,000
Final Portfolio
$111,146
Total Return
+$41,146
(+58.8%)
Dividends Reinvested
$0
compounded into portfolio
Defaults are seeded from historical performance and trailing twelve-month yield. Past performance is not a forecast. Feel free to adjust any input to model your own assumptions.
ETF Key Metrics
AUM$463.75M
NAV$25.36
Premium/DiscountAt NAV
Expense Ratio0.35%
Market Cap$447.08M
Shares Outstanding17.44M
Inception DateOct. 2, 2000
Fund Details
IssuerBNY Mellon
Asset ClassFixed Income
Beta0.24
SectorFinancial Services
DomicileUS
52-Week Range
$24.34$25.81
Current: $25.36
Volume
Volume71.61K
Avg Volume75.91K
Vol/Avg0.94x

30d

111.46K

60d

115.72K

90d

94.71K

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