BKMI – BNY Mellon Municipal Intermediate ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that provide income exempt from federal personal income tax. Generally, its average effective portfolio maturity will be between three and ten years and the average effective duration of the fund's portfolio will not exceed eight years. The fund may invest in individual municipal and taxable bonds of any maturity or duration.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
BKMI	BNY Mellon Municipal Intermediate ETF	ETF	Open			Oct 2, 2000	$1.58B	0.350%	Average	—	−$110.62M

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