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Upturn AI Summary
BNY Mellon Municipal Intermediate ETF(BKMI)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for BKMI
10/02/2026: BKMI (1-star) is currently NOT-A-BUY. Pass it for now.
BNY Mellon Municipal Intermediate ETF (BKMI) is an actively managed fund that provides exposure to high-quality, intermediate-term U.S. municipal bonds. Its primary strength lies in professional, active management which aims to optimize returns within the tax-exempt market, offering a compelling option for income-seeking investors. The fund is designed as a core fixed-income holding for tax-sensitive portfolios. Investors should monitor interest rate trends and credit quality, as these are the primary factors affecting risk and return. It is best suited for long-term investors looking for tax-advantaged income while maintaining a focus on capital preservation.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | This fund is designed for income generation rather than capital appreciation. |
| Momentum investor | Weak fit | Municipal bonds generally do not exhibit the price momentum characteristics sought by this style. |
| Value investor | Mixed fit | Value investors may appreciate the focus on credit fundamentals, but income is the primary objective. |
| Dividend/Income investor | Strong fit | The fund is specifically designed to provide steady, tax-advantaged income. |
| Low-risk investor | Strong fit | High-quality municipal bonds offer lower volatility compared to equities and many other bond sectors. |
Investor Profile
Ideal Investor Profile
The ideal investor is an individual in a higher tax bracket seeking reliable, tax-efficient income from a professional, actively managed portfolio.
Suitability
This ETF is best suited for long-term income-focused investors rather than active traders.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Low | Intermediate-term municipal bonds generally exhibit lower price swings than longer-dated bonds or equities. |
| Market risk | Medium | Changes in interest rates can negatively impact the market value of the fund's holdings. |
| Concentration | Low | The fund holds a diverse array of municipal issuers across various states and sectors. |
| Tracking/expense | Low | As an active fund, tracking error is expected as the goal is to outperform rather than match an index. |
| Liquidity | Low | The underlying municipal bond market is deep, though some individual issues may have lower liquidity. |
| Business/sector quality | Low | The fund focuses on investment-grade credits which carry a lower risk of default. |
Risk Analysis
Volatility
BKMI exhibits low volatility typical of intermediate-term, investment-grade fixed income.
Market Risk
The primary risks are duration risk (interest rate sensitivity) and credit risk (issuer default risk), though credit risk is minimized by the investment-grade mandate.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Fixed-income type | Investment-Grade Municipal Bonds | 97 | These bonds provide the primary source of tax-advantaged interest income for the portfolio. |
| Cash/collateral | Cash and Cash Equivalents | 3 | Cash holdings are maintained for liquidity needs and to facilitate active portfolio rebalancing. |
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit -0.5% | Avg. Invested days 22 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  1.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/02/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Oct 2, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $1.63B |
| Issuer | BNY Mellon |
| Distribution Yield | 2.55% |
| Inception | Oct 2, 2000 |
Performance
| Period | Total Return |
|---|---|
| YTD | -3.83% |
| 1 Year | -2.17% |
| 3 Year | +2.75% |
| 5 Year | +0.06% |
| 10 Year | +1.49% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 3.97% |
| 3Y Volatility | 4.75% |
| 3Y Sharpe Ratio | -0.24 |
Ratings
| Metric | Value |
|---|---|
| Morningstar Rating | ★★★★★ |
Top Sectors
| Sector | Weight |
|---|---|
| Basic Materials | 0.00% |
| Consumer Cyclicals | 0.00% |
| Financial Services | 0.00% |
| Real Estate | 0.00% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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