Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Fund Details
Upturn AI Summary
BNY Mellon Municipal Short Duration ETF(BKMS)
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 BKMS
10/13/2026: BKMS (1-star) is currently NOT-A-BUY. Pass it for now.
BKMS is an actively managed ETF that invests in short-duration, investment-grade US municipal bonds to provide tax-exempt income. Its core strengths include active credit selection and reduced sensitivity to interest rate changes, making it a defensive income-generating tool. The primary risks involve municipal credit conditions, market liquidity, and interest rate volatility. It is most suitable for income-focused, risk-averse investors in high tax brackets. Investors should monitor shifts in the municipal yield curve and changes in tax law that could impact the fund's competitive value.
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 stability rather than capital appreciation. |
| Momentum investor | Weak fit | Municipal bonds generally exhibit low price momentum compared to equities. |
| Value investor | Mixed fit | Value investors may appreciate the focus on credit-worthy, income-generating assets at reasonable valuations. |
| Dividend/Income investor | Strong fit | The fund provides consistent, tax-advantaged income suitable for income-focused portfolios. |
| Low-risk investor | Strong fit | The short duration profile minimizes interest rate sensitivity, making it a lower-volatility option. |
Investor Profile
Ideal Investor Profile
Conservative investors in higher tax brackets looking to preserve capital while generating stable, tax-exempt income.
Suitability
Best for long-term investors seeking income-generating components for a balanced portfolio.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Low | The short duration profile dampens the impact of interest rate changes on price. |
| Market risk | Medium | Changes in general market interest rates and municipal bond spreads can impact net asset value. |
| Concentration | Medium | The fund is concentrated within the municipal bond sector, specifically in short-term maturities. |
| Tracking/expense | Low | As an active fund, tracking error is expected rather than a risk to be avoided. |
| Liquidity | Medium | Municipal bonds can be less liquid than treasuries, potentially impacting trade execution prices. |
| Business/sector quality | Low | The focus on investment-grade municipal issuers significantly mitigates credit default risk. |
Risk Analysis
Volatility
BKMS maintains low historical volatility consistent with its short-duration mandate.
Market Risk
Risks include interest rate fluctuations and general credit spreads in the tax-exempt market.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Fixed-income type | Investment-Grade US Municipal Bonds | 95 | These high-quality bonds provide tax-exempt income with lower sensitivity to interest rate fluctuations. |
| Cash/collateral | Cash and Cash Equivalents | 5 | Cash holdings are maintained for liquidity needs and managing daily fund flows. |
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 -0.47% | Avg. Invested days 29 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/13/2026 |
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.