BNY Mellon Municipal Short Duration ETF (BKMS): ETF
ETF traded on XNAS under symbol BKMS. Quoted in usd.
BNY Mellon Municipal Short Duration ETF
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
- RHODE ISLAND ST HLTH 5 5/15/20272.14%
- TARRANT CO EDU FACS-B FRN 11/15/20641.70%
- SOUTHEAST ENERGY AUTH FRN 5/1/20531.62%
- DASNY-SER-2-A FRN 7/1/20481.35%
- CT HLTH & EDUCTNL-B-1 FRN 7/1/20641.23%
- PHILADELPHIA HSG-A 5 3/1/20291.17%
- NEW YORK CITY-F-1-REF 5 8/1/20301.15%
- ORLANDO UTILITIES-B-2 FRN 10/1/20561.14%
- NEW YORK CITY-B-1-REF 5 8/1/20291.14%
- PVT CLG UNIV AUTH-A 5 9/1/20291.14%
30d
111.46K
60d
115.72K
90d
94.71K