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BNY Mellon Municipal Intermediate ETF (BKMI)

CUSIP 05613H704
NAV $ 25.00 As of 10/02/26
CHG $ 0.01 (0.04 %)
MKT PRICE $24.97 As of 10/02/26
CHG $0.03 (0.12 %)
TOTAL EXPENSE RATIO

0.35%

Net

0.35%

Gross

Overview

Why invest in this Fund?

The fund seeks to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital.
To pursue its goal, 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 U.S. federal income tax.
The fund typically invests in municipal and taxable bonds rated investment grade (i.e., Baa3/BBB- or higher) at the time of purchase or, if unrated, deemed of comparable quality by the fund’s sub-adviser. Generally, the average effective duration of the fund's portfolio will be between three and eight years. The fund may invest in individual municipal and taxable bonds of any maturity or duration.
Duration is an indication of an investment's "interest rate risk," or how sensitive a bond or the fund's portfolio may be to changes in interest rates. Generally, the longer a bond's duration, the more likely it is to react to interest rate fluctuations and the greater its long-term risk/return potential.
The fund’s liquid ETF structure allows investors to buy or sell any time the market is open.

LISTING DATE

01/12/26

INCEPTION DATE

01/01/87

NET ASSETS

$1,602,918,321 As of 10/02/26

NUMBER OF SHARES OUTSTANDING

64,125,810 As of 10/02/26

MARKET PRICE 52-WEEK HIGH

$26.85 As of 02/27/26

MARKET PRICE 52-WEEK LOW

$24.67 As of 09/29/26

AVG EFFECTIVE DURATION

5.81 yr(s). As of 08/31/26

WEIGHTED AVG YIELD TO MATURITY

4.15% As of 08/31/26

WEIGHTED AVG MATURITY

7.13 yr(s). As of 08/31/26

DISTRIBUTION FREQUENCY

Monthly

Morningstar Category

Municipal National Intermediate

Morningstar Overall Rating

Number of Holdings

529 As of 08/31/26

SUB-ASSET CLASS

Tax-Exempt

EXCHANGE

NASDAQ

Morningstar Rating™ as of August 31, 2026. Overall rating for the Municipal National Intermediate category. Fund ratings are out of 5 Stars: Overall 3 Stars (253 funds rated); 3 Yrs. 2 Stars (253 funds rated); 5 Yrs. 3 Stars (237 funds rated); 10 Yrs. 3 Stars (178 funds rated).

Yields and Expense Ratio

30-DAY SEC YIELD as of 10/02/26 SUBSIDIZED	UNSUBSIDIZED	CURRENT YIELD as of 10/02/26	CONTRACTUAL FEE WAIVER END DATE	PROSPECTUS FEE TABLE EXPENSE RATIO (%) as of 12/31/25 NET	GROSS
3.73	3.73	3.37	-	0.35	0.35

Yield fluctuates and past performance is no guarantee of future results.

The SEC 30-day Yield is calculated by dividing the net investment income per share earned during the period (calculated in accordance with regulatory guidelines) by the maximum offering price per share on the last day of the period.

Unsubsidized yield displays what the fund's 30-Day SEC Yield would have been had no fee waiver or expense reimbursement been in place during the period.

Gross Expenses is the total annual operating expense ratio for the fund, before any fee waivers or expense reimbursements. Net Expenses is the total annual operating expense ratio for the fund, after any applicable fee waivers or expense reimbursements. The Gross Expenses, or Net Expenses (if including fee waivers or expense reimbursements) is the actual fund expense ratio applicable to investors.

NAV - A fund's NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding.

Market Price - The market price is the most recent official closing price for the listed exchange.

Current Yield - (Sum of 30 days of net investment income/sum of 30 days of net assets) * (365*100)

Avg Effective Duration - It is used to measure the market price sensitivity of the fund’s portfolio holdings to changes in interest-rates. Duration is not a complete measure of bond risk and may not be successful.

Weighted Avg Yield to Maturity - The averaged total return anticipated on a group of bonds if held until their maturity.

Weighted Avg Maturity - A measure of the average maturity of all of the underlying security instruments in the fund, weighted to reflect the relative percentage ownership of each instrument, and taking into account applicable “maturity shortening” provisions.

Performance

Daily Statistics

As of 10/02/26 NAME	30-DAY MEDIAN BID/ASK SPREAD	PREVIOUS DAY VOLUME	20-DAY AVG VOLUME	PREMIUM/ DISCOUNT	YTD Total Return (NAV)
BNY Mellon Municipal Intermediate ETF	0.16%	487,298	404,659	-0.10%	-3.06%

The performance data quoted represents past performance, which is no guarantee of future results.

30-Day Median Bid-Ask Spread - Gives investors the midpoint within the spread between an ETF’s selling price and buying price. It is calculated over the last 30 days in 10 second intervals by dividing the difference between the bid (sell price) and offer (buy price) by the midpoint of the National Best Bid Offer (NBBO) and identifying the median of those values.

20-Day Avg Volume - 20-Day Average Volume is the sum of last 20 days of trading volume divided by 20 days.

Premium / Discount - The amount the fund is trading above or below the reported NAV expressed as a percentage of the NAV. When the fund's market price is greater than the fund's NAV, it is said to be trading at a "Premium" and the percentage is expressed as a positive number. When the fund's market price is less than the fund's NAV, it is said to be trading at a "Discount" and the percentage is expressed as a negative number.

Total Returns

Click here for NAV Returns

Month End

MARKET PRICE

			Average Annual As of 09/30/26
Name	3 MO 09/30/26	YTD 09/30/26	1 YR	3 YRS	5 YRS	10 YRS	Since Inception
BNY Mellon Municipal Intermediate ETF BKMI	-5.25	-3.95	-2.59	2.91	0.11	1.45	4.34
Bloomberg Municipal 3-15 Years Blend (3-15) Index	-	-	-	-	-	-	-
S&P Municipal Bond Investment Grade Intermediate Index	-	-	-	-	-	-	-

Quarter End

MARKET PRICE

			Average Annual As of 09/30/26
Name	3 MO 09/30/26	YTD 09/30/26	1 YR	3 YRS	5 YRS	10 YRS	Since Inception
BNY Mellon Municipal Intermediate ETF BKMI	-5.25	-3.95	-2.59	2.91	0.11	1.45	4.34
Bloomberg Municipal 3-15 Years Blend (3-15) Index	-	-	-	-	-	-	-
S&P Municipal Bond Investment Grade Intermediate Index	-	-	-	-	-	-	-

The performance data quoted represents past performance, which is no guarantee of future results. Share price, yield and investment return fluctuate and an investor's shares may be worth more or less than original cost upon redemption. Current performance may be lower or higher than the performance quoted.

The performance information shown before January 9, 2026 reflects that of Class M shares of the BNY Mellon National Intermediate Municipal Bond Fund ("Predecessor Fund"), which had a different fee structure than the fund. The fund's investment objective and strategies are similar to those of the Predecessor Fund; however, there are certain differences. Generally, the average effective duration of the Predecessor Fund's portfolio did not exceed eight years, and the average effective duration of the fund's portfolio will be between three and eight years. In addition, unlike the Predecessor Fund, the fund may, as a non-principal strategy, invest in bonds that are rated below investment grade for additional yield. The performance returns shown are based on the Predecessor Fund's fee structure and investment strategies. Past performance may have been different if the fund's current fee structure and investment strategies had been in place during the period. The NAV and market price performance of the ETF use the predecessor mutual fund's NAV from inception to listing.

Market Price performance is calculated using the most recent NASDAQ Official Closing Price. Market Price returns do not represent investors’ returns had they traded shares at other times.

The Bloomberg Municipal 3-15 Years Blend (3-15) Index is a sub-index of the Bloomberg US Municipal Bond Index, a measure of the US municipal tax-exempt investment grade bond market, tracking bonds with 3-15 year maturities. The Bloomberg U.S. Municipal Bond Index covers the U.S. dollar-denominated long-term tax-exempt bond market. Investors cannot invest directly in any index.

The S&P Municipal Bond Investment Grade Intermediate Index consists of bonds in the S&P Municipal Bond Index that are rated at least BBB- by Standard & Poor's, Baa3 by Moody's or BBB- by Fitch Ratings. All bonds must also have a minimum maturity of 3 years and a maximum maturity of up to, but not including, 15 years as measured from the rebalancing date. Investors cannot invest directly in any index.

The Bloomberg Municipal 3-15 Years Blend (3-15) Index is the performance-based benchmark for the BNY Mellon Municipal Intermediate ETF. The S&P Municipal Bond Investment Grade Intermediate Index was the performance-based benchmark for the Predecessor Fund.

“BLOOMBERG®” and the Bloomberg indices listed herein (the “Indices”) are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the Indices (collectively, “Bloomberg”) and have been licensed for use for certain purposes by the distributor hereof (the “Licensee”). Bloomberg is not affiliated with Licensee, and Bloomberg does not approve, endorse, review, or recommend the financial products named herein (the “Products”). Bloomberg does not guarantee the timeliness, accuracy, or completeness of any data or information relating to the Products.

Growth of $10,000 Investment

Past performance is no guarantee of future results.

Historical NAV and Market Price

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Historical Premium/Discount

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Premium and Discount Summary Table

As of 10/02/26	Q1 2026	Q2 2026	Q3 2026
Days Traded at Premium	12	3	24
Days Traded at Discount	43	59	40

The table shows the number of trading days in which the Fund traded at a premium or discount to its closing NAV. Past results are not indicative of future results.

Premium/Discount

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Fees & Expenses

Prospectus Fee Table Expense Ratios

Fees as stated in the prospectus Fee Description	Total Expense Ratio (%)
Management Fee	0.35%
Other Expenses	0.00%
Total Expenses	0.35%
Net Expenses	0.35%

The Total Expenses is the actual fund expense ratio applicable to investors.

Portfolio

Portfolio Manager/Sub-Investment Adviser

The fund's investment adviser is BNY Mellon ETF Investment Adviser, LLC (BNYETF) and the fund's sub-adviser is Insight North America LLC (INA), an affiliate of BNYETF. Thomas Casey and Mary Collette O'Brien are the primary portfolio managers of the fund, positions they have held since January 2026. Mr. Casey is a senior portfolio manager at INA. Ms. O'Brien is a senior portfolio manager at INA and has been a primary portfolio manager of the Predecessor Fund March 2006. Each portfolio manager is jointly and primarily responsible for the day-to-day management of the fund's portfolio.

Top Holdings

Download Total Holdings

As of 10/05/26

Holdings	% Portfolio Weight
IL ST-REV-B 5 6/15/2039	0.95
NY LIBERTY DEV CORP-1 5 11/15/2044	0.95
PORTLAND SWR-A 4.5 5/1/2037	0.86
TOBACCO SETTLEMENT-A 5 6/1/2033	0.77
WA ST-SER R-2023B-REF 5 7/1/2038	0.77
AL TOLL ROAD-1 5 10/1/2032	0.73
MARICOPA IDA-B-REF 5 1/1/2034	0.72
MIAMI-DADE CO EDU-B 5.25 4/1/2036	0.67
MAIN STREET NATURAL-C FRN 12/1/2054	0.67
PUB FIN AUTH 5 7/1/2035	0.67
TX TRANSPRTN-C-REF 5 8/15/2036	0.66
TARRANT CO EDU FACS-C FRN 11/15/2064	0.66
MET TRANSPRTN AUTH-A 5 11/15/2037	0.66
TX TRANSPRTN COMM-REF 5 10/1/2041	0.65
SOUTHEAST ENERGY AUTH FRN 1/1/2054	0.65
CLARK CO 5 7/1/2040	0.65
MAIN ST NAT GAS INC FRN 9/1/2053	0.65
TOBACCO SETTLEMENT-A 5 6/1/2032	0.65
KY PUB ENERGY-A FRN 5/1/2055	0.64
CA CMNTY CHOICE FIN-F 5 11/1/2033	0.64
PA TPK 2ND SER SPL 5 12/1/2038	0.64
TOBACCO SETTLEMENT-A 5 6/1/2034	0.64
VT EDU HLTH BLDG FIN 5 12/1/2032	0.64
MET TRANSPRTN AUTH NY 5 11/15/2031	0.64
CHICAGO IL-A-REF 5 1/1/2034	0.62
CHICAGO PK DT-C 4 1/1/2034	0.61
TX WTR DEV BRD-B 4 10/15/2037	0.59
TRIBOROUGH BRIDGE-CAB 0 11/15/2029	0.56
NY ST MTGE AGY -220 2.4 10/1/2034	0.56
MIAMI-DADE CO-A-AMT 5 10/1/2037	0.55
JACKSONVILLE HSG AUTH 5 2/1/2034	0.55
CENTRL PUGET-S-1-REF 3 11/1/2036	0.55
PHILADELPHIA HSG-A 5.25 3/1/2039	0.54
MA DEV FIN AGY-Q 5 12/1/2042	0.54
BLACK BELT ENERGY GAS FRN 5/1/2053	0.53
TEXAS ST MUNI GAS ACQ FRN 1/1/2054	0.53
BLACK BELT ENERGY GAS FRN 11/1/2053	0.52
IL HSG DEV AUTH-H-REF 6.25 10/1/2056	0.51
CHICAGO-A-REF 5 1/1/2029	0.51
NY CITY TRANS FIN-F-1 5 2/1/2039	0.51
MIAMI DADE CO -C -REV 4 4/1/2037	0.49
MAIN STREET NATURAL-E FRN 5/1/2055	0.48
CA CMNTY CHOICE FING FRN 5/1/2054	0.48
TX MUNI GAS ACQ VI 5 1/1/2036	0.47
MA DEV FIN AGY-T-2 FRN 10/1/2055	0.47
SACRAMENTO WTR SER B FRN 6/1/2034	0.47
TARRANT CO CULTURAL-G FRN 11/15/2055	0.46
MET WA ARPT AUTH-A-RE 5 10/1/2032	0.46
SALES TAX SECURITIZTN 5 1/1/2038	0.46
ILLINOIS ST-REF 4 2/1/2030	0.46
MA H/E VAR-MUSEUM-A1 FRN 12/1/2037	0.46
OR BUS DEV COMMN-232 FRN 12/1/2040	0.44
LOS ANGELES DEPT OF W 5 7/1/2038	0.44
CA HLTH FACS-A 4 3/1/2033	0.43
PENNSYLVANIA ST -143A 4.95 10/1/2038	0.42
MIAMI-DADE CO-A-AMT 5 10/1/2034	0.39
IN FIN AUTH-D-4-REF FRN 10/1/2057	0.39
COLUMBUS REGL ARPT-A 5 1/1/2031	0.39
LAS VEGAS VLY WTR DT 4 6/1/2036	0.39
MET NASHVILLE TN ARPT 5 7/1/2039	0.38
ILLINOIS ST-B 5 12/1/2030	0.38
DC-KIPP-SER A-REF 5 7/1/2042	0.38
PHILADELPHIA HSG-A 5 3/1/2036	0.38
UTICA CMNTY SCH 5 5/1/2033	0.37
CENTRL TX REGL ETC-D 4 1/1/2035	0.37
TX WTR DEV BRD -REV 4.5 10/15/2037	0.36
GTR TEXOMA UTIL AUTH 5 10/1/2039	0.36
OREGON ST HLTH & SCIE FRN 7/1/2046	0.36
BUILD NYC RESOURCE 5 7/1/2040	0.35
DASNY-A 5 10/1/2035	0.34
NEW YORK CITY-B-1-REF 5 8/1/2041	0.34
PHILADELPHIA HSG-A 5 3/1/2033	0.34
MO HLTH & EDUCTNL-C FRN 4/1/2059	0.34
CLIFTON HGR EDU FIN 5 8/15/2039	0.33
OK TPK AUTH-A 5 1/1/2039	0.33
MD HLTH HGR AUTH-B FRN 8/15/2056	0.33
MI FIN AUTH-B-1-REF FRN 8/15/2055	0.33
NC MED CARE-A-REF 5 6/1/2033	0.33
SC JOBS-ECON DEV-B-1 FRN 11/1/2055	0.33
LEHIGH CO AUTH-A 5 8/15/2036	0.33
INDIANA FIN AUTH-B2 FRN 10/1/2060	0.33
DALLAS & FORT-C-REF 5 11/1/2031	0.33
CHICAGO-B-REF-AMT 5.25 1/1/2037	0.33
GEISINGER PA AUTH HLT FRN 4/1/2043	0.33
BLACK BELT ENERGY GAS FRN 12/1/2053	0.33
MAIN STREET NATURAL-B FRN 12/1/2052	0.33
KY PUB ENERGY AUTH-A FRN 6/1/2055	0.32
CENTRL PLAINS-A FRN 5/1/2054	0.32
BLACK BELT-SER-C FRN 5/1/2055	0.32
MAIN STREET NATURAL-D FRN 4/1/2054	0.32
CA HLTH FACS FING HLT 5 11/15/2049	0.32
DU PAGE ETC HSD #86 4 1/15/2035	0.32
MINNEAPOLIS ST PAUL-B 5 1/1/2039	0.32
DASNY-A-GROUP 2 5 3/15/2044	0.32
CA CMNTY CHOICE FIN-C FRN 12/1/2055	0.32
PA ST UNIV-A 5 9/1/2042	0.32
FW TEXAS STREET PUB 5 5/1/2038	0.32
NEW YORK-C 5.25 3/1/2047	0.32
MET TRANS AUTH -B-1 5 11/15/2036	0.32
INDIANA FIN AUTH-A 5 11/1/2041	0.32
LOS ANGELES DEPT WTR 5 7/1/2041	0.13
NY & NJ PORT AUTH-234 5.25 8/1/2047	0.32
CHANDLER AZ INDL DEV FRN 6/1/2049	0.31
CT ST HLTH EDUCTNL-P 5 7/1/2043	0.31
NY ENERGY FIN DEV FRN 7/1/2056	0.31
DC-KIPP-SER A-REF 5 7/1/2037	0.31
KY PUB ENERGY AUTH-C 5 5/1/2036	0.31
CA MUNI AUTH-1-A-1 4.05 7/20/2041	0.31
MA DEV FIN AGY-A 5 10/1/2033	0.31
PENNSYLVANIA ST-1ST 3.5 3/1/2031	0.31
OKLAHOMA CITY 2 3/1/2029	0.31
MET GOVT NASHVILLE 2.5 1/1/2029	0.30
HOUSTON TX CMNTY CLG 4 2/15/2036	0.30
E BATON ROUGE PARISH FRN 2/1/2041	0.30
MICHIGAN FIN AUTH D-2 FRN 10/15/2038	0.30
PENNSYLVANIA ST 3 5/15/2034	0.30
MTA HUDSON RAIL YRD-A 5 11/15/2051	0.30
RI HLTH & EDUCTNL-C 5 5/15/2042	0.30
GOLDEN ST TOBACCO-A1 4.214 6/1/2050	0.30
TRIBOROUGH BRIDGE-A 4 11/15/2037	0.30
MARICOPA CO IDA-B-REF FRN 12/1/2048	0.30
DASNY -A-REF 4 3/15/2038	0.30
SNOHOMISH CO-REF-A 2 12/1/2032	0.29
TARRANT CO CULTURAL-E 5 11/15/2040	0.29
WAXAHACHIE ISD-REF 4 8/15/2037	0.29
NY LIBERTY DEV CORP-A 1.45 11/15/2029	0.28
PA HSG FIN AGY-122 3.65 10/1/2032	0.28
NEVADA-A 3 5/1/2035	0.28
TAMPA-C-REV-BAM 3 10/1/2036	0.28
KANSAS CITY-C-REF 5 4/1/2038	0.28
CONNECTICUT ST 4 1/15/2037	0.27
OHIO ST-REV-REF 4 10/1/2037	0.27
WA HLTH FACS AUTH-A 5 3/1/2036	0.27
PA HGR ED-AT-1-UNREF 5 6/15/2029	0.27
TARRANT CULTURAL-C-2 FRN 11/15/2051	0.27
ID HLTH FACS AUTH-B FRN 3/1/2060	0.26
ILLINOIS FIN AUTH-A-1 FRN 8/15/2054	0.26
ATLANTA-B-2-AMT 5.25 7/1/2039	0.26
MINNEAPOLIS ST PAUL-B 5 1/1/2031	0.26
WISCONSIN ST-A-REF 5 11/15/2039	0.25
NJ HLTH CARE FACS-B-2 FRN 07/01/2061	0.25
CHICAGO PK DT-C 4 1/1/2035	0.25
LOWER COLORADO RIVER 5 5/15/2044	0.25
WASHOE CO-REF-B FRN 3/1/2036	0.25
IPS MULTI-SCH BLDG 5 7/15/2037	0.07
FORT BEND GRAND PKWY 3 3/1/2035	0.25
BRAZOS HGR ED-1A-AMT 5 4/1/2035	0.25
MET WA ARPTS AUTH-A 5 10/1/2031	0.25
MN HGR EDU FACS-A 5 10/1/2039	0.24
CA MUNI FIN AUTH-A 5 10/1/2040	0.24
CT ST HLTH & EDUCTNL 4 7/1/2035	0.24
MD DEPT TRANSPRTN-A 3 10/1/2031	0.24
DELAWARE VLY REGL-A 4 12/1/2036	0.24
NEBO SD-REF 2 7/1/2033	0.24
NY LIBERTY DEV CORP 3 2/15/2042	0.24
FORT BEND GRAND PKWY 3 3/1/2036	0.24
CA CMNTY CHOICE FING FRN 7/1/2053	0.24
LOWER COLORADO RIVER 5 5/15/2041	0.24
NYC-D4-ADJ FRN 8/1/2040	0.23
CHICAGO TRANSIT-A 5 12/1/2042	0.23
ILLINOIS ST-B 5 5/1/2037	0.23
AUSTIN-B-REV-AMT 5 11/15/2039	0.22
PA ECON DEV-A 4 11/15/2036	0.22
NY LIBERTY DEV CORP-2 5.15 11/15/2034	0.22
GA MUNI ELEC AUTH-A 5 1/1/2035	0.22
KANSAS CITY MO INDL D 4 3/1/2034	0.22
CHICAGO-B-REV 5 1/1/2040	0.22
W VIRGINIA HOSP FIN-B FRN 6/1/2055	0.21
FARMINGTON NM POLL CO FRN 6/1/2040	0.21
ALIEF ISD 4 2/15/2039	0.21
LOS ANGELES-A-REF-AMT 5.25 5/15/2040	0.21
BURBANK ETC ARPT-B 5.25 7/1/2043	0.21
FLORIDA ST MUNI PWR A 3 10/1/2033	0.20
NYC TRANSITIONAL-A-1 5.25 5/1/2048	0.20
CO HSG FIN AUTH-E-REF 6.5 11/1/2055	0.20
RHODE ISLAND HSG MTGE 3 10/1/2051	0.20
NY TRUST-SER A 5 12/1/2035	0.20
MAINE GOV FAC AUTH-A 5 10/1/2037	0.20
ALIEF ISD 4 2/15/2040	0.20
NYC TRANS FIN-SUB-I 5 11/1/2040	0.20
ILLINOIS ST TOLL HIGH 5 1/1/2042	0.20
ATLANTA-B-2-AMT 5.25 7/1/2040	0.20
DELAWARE VLY REGL-A 4 12/1/2038	0.20
ILLINOIS ST-B 5 5/1/2036	0.20
AZ IDA SR LIVING-A2 5.125 1/1/2059	0.20
MIAMI-DADE CO-A-AMT 5 10/1/2035	0.20
SOUTHEAST ENERGY-E 5 10/1/2030	0.19
UTAH ST CHRT SCH FIN 5 10/15/2045	0.19
NEW YORK CITY-B-1-REF 5 8/1/2040	0.19
IL UNIV-A-REV-REF 5.25 4/1/2043	0.19
NEW HAVEN USD CABS 0 8/1/2033	0.19
CA CMNYY CHOICE-F FRN 2/1/2055	0.19
CA CMNTY CHOICE FING FRN 1/1/2054	0.19
UNIV OF AKRON-A-UNREF 5 1/1/2033	0.19
IPS MULTI-SCH BLDG 5 7/15/2038	0.11
ILLINOIS FIN AUTH-B-2 FRN 5/15/2050	0.19
E BATON ROUGE INDL-A FRN 8/1/2035	0.19
MA DEV FIN AGY-A 4 2/15/2036	0.19
SAN FRANCISCO CO-A 5.25 5/1/2045	0.19
CHICAGO-A-REV 5 11/1/2044	0.19
PORT OF SEATTLE WA-C 5 8/1/2030	0.18
NM ST MTGE FIN AUTH-D 5.3 9/1/2048	0.18
PA HSG FIN-118B 3.8 10/1/2035	0.18
COLORADO ST COPS-A 4 12/15/2036	0.18
OSCEOLA-REV-AMT 4.875 4/1/2040	0.18
MET NASHVILLE ARPT-A 5 7/1/2043	0.18
MESQUITE HSG FIN CORP FRN 8/1/2029	0.17
TEXAS ST PRIV ACTIVIT 4 6/30/2032	0.17
INDIANA ST FIN AUTH FRN 11/1/2049	0.17
CONNECTICUT HSG-D-REF 5 11/15/2039	0.17
NY CITY TRANS FIN-F-1 5 2/1/2045	0.17
PENNSYLVANIA ST 3 5/15/2035	0.17
CA STWD CMNTYS DEV-A 5 4/1/2056	0.17
SC JOBS-ECON DEV-B-2 FRN 11/1/2049	0.17
NEW YORK CITY NY HSG 3.375 11/15/2029	0.17
ID HLTH FACS AUTH-C FRN 3/1/2060	0.16
CHICAGO IL PARK DT-B 5 1/1/2035	0.16
GTR TEXOMA UTILITY-A 5 10/1/2041	0.16
PA HSG FIN AGY-154A 5 4/1/2041	0.16
SC PUB SVC AUTH-A-REF 4 12/1/2037	0.16
RENO TAHOE ARPT-A-AMT 5.25 7/1/2039	0.16
CA CMNTY CHOICE FIN-H FRN 1/1/2056	0.16
MIAMI-DADE CO-A-AMT 5 10/1/2036	0.16
CASINO REINVESTMENT-A 5 11/1/2033	0.16
WA HLTH CARE-B-REF 5 10/1/2032	0.16
OHIO ST-REV-REF 4 10/1/2042	0.16
MA PORT AUTH-SER B 5.25 7/1/2043	0.16
DC HSG FIN AGY-A-2 FRN 9/1/2046	0.16
PHILADELPHIA PA ARPT 5 7/1/2028	0.16
PEFA INC-A-REF-REV 5 4/1/2035	0.16
RI HLTH & EDUCTNL-C 5 5/15/2041	0.16
BURBANK ETC ARPT-B 5.25 7/1/2044	0.16
WA HLTH FACS AUTH-A 5 3/1/2037	0.16
KNOXVILLE 3 5/1/2036	0.16
ALASKA HSG FIN CORP-A 3 6/1/2051	0.16
KY COMMONWEALTH-A 5 4/1/2043	0.16
CASINO REINVESTMENT-A 5 11/1/2034	0.15
NFA 2026-3 A2 FRN 1/20/2045	0.15
SALT LAKE ARPT REV-A 5 7/1/2031	0.15
MICHIGAN ST FIN AUTH 4 12/1/2035	0.15
NEW YORK TRANSPRTN-A 5 7/1/2046	0.15
HOUSTON-C-REV-REF 5 9/1/2044	0.15
OHIO AIR QUALITY DEV FRN 6/1/2041	0.15
OMAHA ARPT AUTH-A 5.25 12/15/2044	0.15
OMAHA ARPT AUTH-AMT 5 12/15/2031	0.15
MA ED FIN AUTH-B-AMT- 5 7/1/2029	0.15
SARASOTA -REV 5 9/1/2043	0.14
PORT OF SEATTLE WA-B 5.25 7/1/2039	0.14
KANSAS CITY-C-REF 5 4/1/2039	0.14
ANSONIA-COPS 4.125 12/1/2034	0.14
SAN ANTONIO-AMT-REV 5.25 7/1/2045	0.14
DALLAS -REV -REF 4 8/15/2028	0.14
SEARCY-REV 4 11/1/2036	0.14
WESTMONT VLG 5 12/1/2043	0.14
SARASOTA -REV 5 9/1/2041	0.13
ILLINOIS ST-A 5 3/1/2032	0.13
SALEM HOSP FAC-A-REF 5 5/15/2038	0.13
SAN FRANCISCO CITY -A 5 5/1/2032	0.13
KENTUCKY MUN PWR-B 5 9/1/2041	0.13
WA HLTH FACS AUTH-A 5 3/1/2038	0.13
DENVER CITY & CNTY CO 5 11/15/2033	0.13
STHRN CA TOBACCO -REF 5 6/1/2037	0.13
IL FIN AUTH-A 5 10/1/2039	0.13
FAIR LAWN NJ 2 9/1/2029	0.13
GTR TEXOMA UTILITY-A 5 10/1/2036	0.13
IL UNIV-A-REV-REF 5.25 4/1/2044	0.13
MA ED FIN AUTH-B-AMT- 5 7/1/2028	0.13
MAIN ST NAT GAS INC-D FRN 5/1/2054	0.13
CHICAGO-C-REF-REV 5 1/1/2041	0.13
S W ISD 5 2/1/2041	0.13
SALT LAKE ARPT REV-A 5 7/1/2030	0.13
ST CLOUD-REF-REV 5 5/1/2041	0.13
GUAM GOVT-A-REF 5 12/1/2028	0.13
GUAM GOVT-A-REF 5 12/1/2029	0.13
NORTHWEST ISD-A 5 2/15/2039	0.13
WESTMONT VLG 5 12/1/2042	0.13
ST CLOUD-REF-REV 5 5/1/2042	0.13
CT ST HLTH-A 5 8/1/2043	0.13
S W ISD 5 2/1/2040	0.13
INDIANA FIN AUTH EDUC 4 2/1/2034	0.13
WAWASEE HS BLDG CORP 5 7/15/2041	0.13
HOUSTON-A-REF 3 3/1/2037	0.12
REGL CO TRANS DT-A 5 7/15/2031	0.12
NEW YORK TRANSPRTN-A 5 7/1/2041	0.12
HOWARD CO MD HSG COMM 1.2 6/1/2027	0.12
WILLIAMSON CNTY TN 3.1 4/1/2035	0.12
OMAHA ARPT AUTH-AMT 5 12/15/2030	0.12
CHESTER HLTH & EDU-A 4 10/1/2037	0.12
KANSAS CITY MO INDL D 4 3/1/2035	0.12
RI HLTH EDU BLDG CORP 5 11/1/2047	0.12
WILL FOREST PERSERVE 5 12/15/2043	0.12
DALLAS -REV -REF 4 8/15/2035	0.12
AQUARION WTR AUTH-D 5.25 8/1/2037	0.12
SANTA MARIA UN HSD 3 8/1/2040	0.12
PR ELEC 5.25 7/1/2018	0.12
TEXAS ST PUBLIC FIN A 4 2/1/2039	0.12
DALLAS -REV -REF 4 8/15/2038	0.12
DASNY-A-REF 4 5/1/2039	0.12
SUSSEX CNTY 2 6/15/2029	0.11
NEBRASKA ST INVESTMEN 5.5 9/1/2053	0.11
CHICAGO-A-AMT-REV 5 1/1/2038	0.11
CHICAGO PARK DIST-F-2 4 1/1/2038	0.11
SUSSEX CNTY 2 6/15/2030	0.11
WESTMONT VLG 5 12/1/2044	0.11
CHICAGO-A-AMT-REV 5 1/1/2037	0.11
TULSA CO IND AUTH 5 9/1/2032	0.11
ATLANTA-REV-REF 5 11/1/2044	0.11
CASINO REINVESTMENT-A 5 11/1/2035	0.11
TROY NY CAPITAL RESO 5 9/1/2031	0.11
NEWARK HGR EDU FIN-A 5 8/15/2039	0.11
CHICAGO-B-REV 5 1/1/2041	0.10
HIDALGO CO-A 4 12/1/2038	0.10
PORT OF SEATTLE-B-AMT 5 4/1/2036	0.10
LA DEPT OF WTR-B-REF 5 7/1/2037	0.10
AZ INDL DEV AUTH-A 4 11/1/2049	0.10
MD TRANSPRTN DEPT -A 5 8/1/2032	0.10
SC ST HSG FIN DEV-A 6 1/1/2034	0.10
RI HLTH & EDUCTNL 5 5/15/2041	0.10
CT ST HLTH EDU-R 3.25 7/1/2035	0.10
MET TRANSPRTN AUTH NY 5 11/15/2037	0.10
CLARK PLEASANT CMNTY 5 7/15/2041	0.10
VAN ALSTYNE ISD 5 2/15/2044	0.10
MI FIN AUTH-A-1-REF 5 11/15/2037	0.10
L'ANSE CREUSE PUB-I 5 5/1/2042	0.10
VAN ALSTYNE ISD 5 2/15/2043	0.10
COOK CO HIGH SD #207 3 12/1/2032	0.10
Net Current Assets	0.10
ALAMEDA CORRIDOR-B 5 10/1/2036	0.10
TWIN LAKES SBC 5 1/15/2044	0.10
COOK CO CUSD #401 -A 4 12/1/2029	0.09
ERNEST N MORIAL-NEW O 5 7/15/2037	0.09
NTHRN IN COMMUTER-REV 5 1/1/2044	0.09
DUPAGE SD #60-A 4 12/30/2032	0.09
HAWAII ST-A-AMT-REV 5 7/1/2030	0.09
WADSWORTH SD 3 12/1/2045	0.09
COLUMBUS REGL ARPT-A 5 1/1/2030	0.09
CALIFORNIA CMNTY CHOI FRN 2/1/2052	0.09
VAN ALSTYNE ISD 5 2/15/2042	0.09
CASINO REINVESTMENT-A 5 11/1/2031	0.09
MA DEV FIN AGY-R 5 12/1/2043	0.09
MD TRANSPRTN DEPT -A 5 8/1/2029	0.09
CARROLL CO-A-REV-REMK 4.25 10/1/2034	0.09
CASINO REINVESTMENT-A 5 11/1/2032	0.09
MD TRANSPRTN DEPT -A 5 8/1/2031	0.09
REGL CO TRANS DT-A 5 1/15/2029	0.09
TEXAS ST PRIV ACTIVIT 4 6/30/2034	0.09
TEXAS ST PRIV ACTIVIT 4 12/31/2034	0.09
COLORADO HFA-B 3.75 5/1/2050	0.09
HIDALGO CO-A 4 12/1/2037	0.09
ERNEST N MORIAL-NEW O 5 7/15/2036	0.09
VAN ALSTYNE ISD 5 2/15/2041	0.09
CHICAGO-A-AMT-REV 5 1/1/2036	0.09
WILL FOREST PERSERVE 5 12/15/2044	0.09
CALIF CMNTY FIN-E-1 FRN 2/1/2054	0.09
RI HLTH & EDUCTNL-C 5 5/15/2040	0.08
REGL CO TRANS DT-A 5 1/15/2032	0.08
PENNSYLVANIA ST HGR E 4 6/15/2032	0.08
WINDSOR CT 2 6/15/2029	0.08
HOUSTON-A-REF 3 3/1/2036	0.08
MD HLTH & HGR EDU-A 5 7/1/2038	0.08
CASINO REINVESTMENT-A 5 11/1/2036	0.08
NEW YORK-D-1 4 3/1/2042	0.08
WINDSOR CT 2 6/15/2030	0.08
TEXAS ST PRIV ACTIVIT 4 6/30/2035	0.08
CLARKSVILLE BLDG-VAR FRN 7/1/2031	0.08
WILL FOREST PERSERVE 5 12/15/2040	0.08
PORT OF SEATTLE-B-AMT 5 4/1/2037	0.08
SHREVEPORT 5 3/1/2044	0.08
NY CITY NY HSG DEV 2.15 11/1/2028	0.08
MD TRANSPRTN DEPT -A 5 8/1/2033	0.08
WADSWORTH SD 4 12/1/2056	0.08
OMAHA ARPT AUTH-A 5.25 12/15/2046	0.08
NEW MEXICO MTG FIN-A 3 3/1/2053	0.08
MET WASHINGTON DC-B 4 10/1/2036	0.08
PORT OF SEATTLE WA RE 5 8/1/2042	0.08
TEXAS ST PRIV ACTIVIT 4 12/31/2033	0.07
TEXAS ST PRIV ACTIVIT 4 12/31/2035	0.07
AR DEV FIN AUTH 5 2/1/2031	0.07
OMAHA ARPT AUTH-AMT 5 12/15/2029	0.07
FAYETTE CO DEV AUTH 5 10/1/2043	0.07
CHICAGO PARK DIST-F-2 4 1/1/2036	0.07
AR DEV FIN AUTH 5 2/1/2030	0.07
PEWITT CONSOLIDATED I 5 2/15/2039	0.07
GUAM WTRWKS AUTH-A 5.25 7/1/2040	0.07
GA MUNI ELEC AUTH-A 5 1/1/2039	0.07
TN ENERGY ACQ CORP-A- FRN 5/1/2053	0.07
CALIFORNIA ST HLTH FA 3 11/1/2036	0.07
SARASOTA -REV 5 9/1/2042	0.07
COLORADO ST HSG & FIN 4.25 11/1/2049	0.07
SC ST HSG FIN DEV-A 6 1/1/2033	0.07
TRIBOROUGH NY BRIDGE 4 11/15/2037	0.07
FAYETTE CO DEV AUTH 5 10/1/2042	0.07
WEBSTER CSD 2 6/15/2030	0.07
CLIFTON HGR EDU FIN-T 4 8/15/2035	0.07
MD HLTH & HGR EDU-A 5 7/1/2037	0.07
GUAM WTRWKS AUTH-A 5.25 7/1/2041	0.07
CASINO REINVESTMENT-B 5 11/1/2033	0.07
JORDAN UT SD 2 6/15/2032	0.07
SOUTHEAST ENERGY AUTH FRN 5/1/2053	0.07
JORDAN UT SD 2 6/15/2033	0.07
COLUMBUS MULTI-SCH BL 5 1/15/2044	0.07
CASINO REINVESTMENT-A 5 11/1/2030	0.07
GOVT OF GUAM-G-REF 5 1/1/2034	0.07
OKLAHOMA CITY 3 3/1/2038	0.07
AZ INDL DEV AUTH-A 5 11/1/2034	0.07
GOVT OF GUAM-G-REF 5 1/1/2031	0.07
GOVT OF GUAM-G-REF 5 1/1/2032	0.07
GOVT OF GUAM-G-REF 5 1/1/2033	0.07
PHILADELPHIA INDL DEV 5 11/1/2029	0.07
MET NASHVILLE TN ARPT 5 7/1/2033	0.07
REGL CO TRANS DT-A 5 1/15/2030	0.07
SHREVEPORT 5 3/1/2039	0.07
PHILADELPHIA INDL DEV 5 11/1/2028	0.06
SARASOTA -REV 5 9/1/2040	0.06
LOS ANGELES CA DEPT-A 5 7/1/2040	0.06
SE ENERGY AUTH-C 5 11/1/2029	0.06
COLUMBUS MULTI-SCH BL 5 7/15/2041	0.06
DIST OF COLUMBIA-B 5 7/1/2037	0.06
AR DEV FIN AUTH 5 2/1/2029	0.06
CHICAGO BOE-A-REF 5 12/1/2035	0.06
KING CO HSG AUTH -REF 5 7/1/2040	0.06
LOS ANGELES CA DEPT-A 5 7/1/2041	0.06
SHREVEPORT 5 3/1/2041	0.06
FAYETTE CO DEV AUTH 5 10/1/2044	0.06
FAYETTE CO DEV AUTH 5 10/1/2039	0.06
HIDALGO CO-A 5 12/1/2031	0.06
FL DEV FIN CORP-A 5 6/15/2035	0.06
GUAM WTRWKS AUTH-A 5.25 7/1/2042	0.06
MA DEV FIN AGY-R 5 12/1/2044	0.06
NJ ECON DEV AUTH-QQQ 4 6/15/2034	0.06
CHICAGO PK DT-C 4 1/1/2032	0.06
ILLINOIS FIN AUTH-A 5 9/1/2032	0.06
CONNECTICUT ST HLTH-M 4 7/1/2038	0.06
MD HLTH & HGR EDU-A 5 7/1/2040	0.06
MD TRANSPRTN DEPT -A 5 8/1/2027	0.06
NEW JERSEY ST-A 3 6/1/2032	0.06
AZ INDL DEV AUTH-A 5 11/1/2033	0.06
CHICAGO PK DT-D-REF 4 1/1/2032	0.06
DELAWARE VLY PA REGL 2 10/1/2029	0.06
DALLAS -REV -REF 4 8/15/2036	0.06
DALLAS -REV -REF-AG 4 8/15/2038	0.06
MET WASHINGTON DC-B 4 10/1/2038	0.06
ILLINOIS FIN AUTH-A 5 9/1/2031	0.06
MARYLAND ST CMNTY DEV 4 9/1/2049	0.06
ARIZONA ST INDL DEV-A 5 7/1/2035	0.06
DANBURY HGR EDU AUTH 4.75 8/15/2034	0.06
AZ INDL DEV AUTH-A 5 11/1/2035	0.06
ILLINOIS FIN AUTH-A 5 9/1/2030	0.05
ARIZONA IND DEV AUTH 3 7/1/2037	0.05
MET NASHVILLE ARPT-A 5 7/1/2040	0.05
WA HGR EDU FACS AUTH 5 5/1/2031	0.05
RI HSG MTGE FIN CORP 4 10/1/2049	0.05
FAYETTE CO DEV AUTH 5 10/1/2040	0.05
INDIANA ST FIN AUTH 5 11/1/2028	0.05
ILLINOIS FIN AUTH-A 5 9/1/2035	0.05
INDIANA ST FIN AUTH 5 11/1/2027	0.05
FAYETTE CO DEV AUTH 5 10/1/2041	0.05
ILLINOIS FIN AUTH-A 5 9/1/2034	0.05
MD TRANSPRTN DEPT -A 5 8/1/2034	0.04
NTHRN IN COMMUTER-REV 5 1/1/2043	0.04
ARIZONA IND DEV AUTH 3 7/1/2036	0.04
ILLINOIS FIN AUTH-A 5 9/1/2033	0.04
ARIZONA IND DEV AUTH 3 7/1/2035	0.04
ARIZONA IND DEV AUTH 3 7/1/2034	0.04
MONTGOMERY CNTY OH 4 8/1/2037	0.04
LOS ANGELES CA DEPT-A 5 7/1/2042	0.04
ST LAWRENCE CNTY N Y 5 9/1/2032	0.04
IDAHO ST HLTH FACS AU 4 3/1/2033	0.04
NEVADA ST-A 4 4/1/2049	0.04
RHODE ISLAND HSG MTGE 5 4/1/2029	0.03
PASSAIC CO IMPT AUTH 4.125 7/1/2033	0.03
STHRN CA TOBACCO -REF 5 6/1/2034	0.03
WA HGR EDU FACS AUTH 5 5/1/2032	0.03
WA HGR EDU FACS AUTH 5 5/1/2029	0.03
HIDALGO CO-A 5 12/1/2030	0.03
MONTGOMERY CNTY OH 5 8/1/2036	0.03
HIDALGO CO-A 5 12/1/2033	0.03
MT FAC FIN AUTH-2022A 5 8/15/2027	0.03
AR DEV FIN AUTH 5 2/1/2032	0.03
WA HGR EDU FACS AUTH 5 5/1/2027	0.03
ILLINOIS ST-A 5 3/1/2031	0.03
SE ENERGY AUTH-C 5 11/1/2026	0.03
DANBURY HGR EDU AUTH 4 8/15/2049	0.03
IDAHO ST HLTH FACS AU 4 3/1/2034	0.02
TN HSG FIN AGY-B2 4 1/1/2042	0.02
WASHINGTON HLTH CARE 3 12/1/2034	0.02
WASHINGTON HLTH CARE 3 12/1/2035	0.02
CA MUNI FIN AUTH 4 1/1/2036	0.02
OH HSG FIN AGY-D 4 3/1/2047	0.02
CALIFORNIA CO TOBACCO 5 6/1/2032	0.02
CA MUNI FIN AUTH 4 1/1/2031	0.02
HIDALGO CO-A 5 12/1/2032	0.02
CA MUNI FIN AUTH 4 1/1/2035	0.02
TN HSG DEV AGY-1B 3.5 1/1/2047	0.02
IDAHO ST HLTH FACS AU 4 3/1/2035	0.02
CALIFORNIA CO TOBACCO 5 6/1/2033	0.02
A.B WON PAT AUTH-A 5 10/1/2029	0.02
HIDALGO CO-A 5 12/1/2029	0.02
VINEYARD REDEV AGY 5 5/1/2031	0.02
MT BRD OF HSG-A-2 3.5 6/1/2044	0.02
OH HSG FIN AGY-A 4.5 3/1/2047	0.01
A.B WON PAT AUTH-B 5 10/1/2029	0.01
CA MUNI FIN AUTH 4 1/1/2034	0.01
VINEYARD REDEV AGY 5 5/1/2030	0.01
CA MUNI FIN AUTH 4 1/1/2033	0.01
CA MUNI FIN AUTH 4 1/1/2032	0.01
VINEYARD REDEV AGY 5 5/1/2029	0.01
A.B WON PAT AUTH-A 5 10/1/2031	0.01
A.B WON PAT AUTH-A 5 10/1/2033	0.01
A.B WON PAT AUTH-A 5 10/1/2030	0.01
A.B WON PAT AUTH-B 5 10/1/2028	0.01
A.B WON PAT AUTH-A 5 10/1/2027	0.01
A.B WON PAT AUTH-A 5 10/1/2028	0.01
HIDALGO CO-A 5 12/1/2028	0.01
CT HSG FIN D-1 -REF 4 11/15/2047	0.01
CVI-SUBSER CW NT FRN 11/1/2043	0.00
PA HSG FIN AGY-122 4 10/1/2046	0.00
MN HSG FIN AGY-B-REF 4 7/1/2047	0.00
RESTRUCTURED-SER A1 5.75 7/1/2031	0.00
RESTRUCTURED-CABS-SER 0 7/1/2033	0.00
RESTRUCTURED-SER A1 4 7/1/2035	0.00
RESTRUCTURED-SER A1 4 7/1/2041	0.00
RESTRUCTURED-SER A1 4 7/1/2046	0.00
RESTRUCTURED-SER A1 4 7/1/2037	0.00
RESTRUCTURED-SER A1 5.625 7/1/2027	0.00
CASH	-0.70

% Portfolio Weight is calculated using the closing market price of each security from the prior business day.

Holdings are subject to change. The holdings listed should not be considered recommendations to buy or sell a security.

Asset Allocation

Stats & Risks

Performance Metrics

Overall Morningstar Rating

MORNINGSTAR CATEGORY Municipal National Intermediate

Morningstar Rating™ as of 08/31/26. Overall rating for the Municipal National Intermediate. Fund ratings are out of 5 Stars: Overall 3 Stars (253 funds rated); 3 Yrs. 2 Stars (253 funds rated); 5 Yrs. 3 Stars (237 funds rated); 10 Yrs. 3 Stars (178 funds rated).
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-,and 10-year (if applicable) Morningstar Rating metrics. © Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Lipper Rankings

1 Year
156 out of 188
3 Year
105 out of 172
5 Year
88 out of 161
10 Year
50 out of 121

LIPPER CLASSIFICATION Intermediate Municipal Debt Funds

Lipper Category returns and rankings as of 08/31/26, are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns. Rankings do not reflect sales loads

Main Risks

ETFs trade like stocks, are subject to investment risk, including possible loss of principal.

Bonds are subject to interest rate, credit, liquidity, call and market risks, to varying degrees. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price decline.

High yield bonds involve increased credit and liquidity risk than higher rated bonds and are considered speculative in terms of the issuer's ability to pay interest and repay principal on a timely basis.

Municipal income may be subject to state and local taxes. Some income may be subject to the federal alternative minimum tax for certain investors.

Risk Metrics

As of 08/31/26 3-Year Trailing	Standard Deviation	Alpha	Beta	R-Squared	Sharpe Ratio
BKMI	4.75	-0.24	0.83	97.71	-0.24

All risk metrics are provided by Morningstar. The index used in the calculations are determined by Morningstar which may not be the funds primary benchmark. The index Morningstar used for this analysis is Bloomberg U.S. Municipal Bond Index.

Standard Deviation - Standard deviation is a statistical measure of the degree to which an individual portfolio return tends to vary from the mean, based on the entire population. The greater the degree of dispersion, the greater the degree of risk. In mutual funds, the standard deviation tells us how much the return on the fund is deviating from the expected normal returns.

Alpha - Alpha is a measure of a security's or portfolio's excess return.

Beta - Beta is a measure of a security’s or portfolio’s volatility, or systematic risk.

R-Squared - R-squared is a statistical measure that represents the percentage of a fund’s or security’s movements that are explained by movements in a benchmark index.

Sharpe Ratio - Sharpe ratio is a risk-adjusted measure that measures reward per unit of risk. The higher the Sharpe ratio, the better.

Distributions

Dividend Schedule

Declared

Monthly

Distributed

Monthly

Paid

Monthly

Fiscal Year End

Aug 31

(Values Listed In $)EX DATE	RECORD DATE	PAYABLE DATE	DIVIDEND INCOME	SHORT-TERM CAPITAL GAIN	LONG-TERM CAPITAL GAIN	RETURN OF CAPITAL	TOTAL DISTRIBUTION
10/01/26	10/01/26	10/06/26	0.0702	0.0000	0.0000	0.0000	0.0702

(Values Listed In $)EX DATE	RECORD DATE	PAYABLE DATE	DIVIDEND INCOME	TOTAL DISTRIBUTION
09/01/26	09/01/26	09/04/26	0.0705	0.0705
08/03/26	08/03/26	08/06/26	0.0756	0.0756
07/01/26	07/01/26	07/07/26	0.0766	0.0766
06/01/26	06/01/26	06/04/26	0.0692	0.0692
05/01/26	05/01/26	05/06/26	0.0538	0.0538
04/01/26	04/01/26	04/07/26	0.0468	0.0468
03/02/26	03/02/26	03/05/26	0.0445	0.0445
02/02/26	02/02/26	02/05/26	0.0430	0.0430

Literature

PRODUCT INFORMATION

Key:

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ETF Profile Sheet

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BNY Mellon National Intermediate Municipal Bond Fund Materials

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Annual Report - Class M	Download	Share
Semi Annual Report - Class M	Download	Share
Annual Financials and Other Information	Download	Share

Investors should consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. Download a prospectus, or summary prospectus, if available, that contains that and other information about the fund, and read it carefully before investing.

ETF shares are listed on an exchange, and shares are generally purchased and sold in the secondary market at market price. At times, the market price may be a premium or discount to the ETF's per share NAV. In addition, ETFs are subject to the risk that an active trading market for an ETF's shares may not develop or be maintained. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions. Any applicable brokerage commissions will reduce returns.

ETFs trade like stocks, are subject to investment risk, including possible loss of principal. The risks of investing in this ETF typically reflect the risks associated with the types of instruments in which the ETF invests. Diversification cannot assure a profit or protect against loss.

The fund will issue (or redeem) fund shares to certain institutional investors known as “Authorized Participants” (typically market makers or other broker-dealers) only in large blocks of fund shares known as “Creation Units.” BNY Mellon Securities Corporation (“BNYSC”), a subsidiary of BNY, serves as distributor of the fund. BNYSC does not distribute fund shares in less than Creation Units, nor does it maintain a secondary market in fund shares. BNYSC may enter into selected agreements with Authorized Participants for the sale of Creation Units of Creation Units of fund shares.

Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular investment, strategy, investment manager or account arrangement and should not serve as a primary basis for investment decisions.

Please consult a legal, tax or investment professional in order to determine whether an investment product or service is appropriate for a particular situation.

BNY Mellon Municipal Intermediate ETF (BKMI)

Why invest in this Fund?

Yields and Expense Ratio

Glossary of Terms (click to view)

Daily Statistics

Total Returns

Month End

Quarter End

Growth of $10,000 Investment

Historical NAV and Market Price

Historical Premium/Discount

Premium and Discount Summary Table

Premium/Discount

Prospectus Fee Table Expense Ratios

Portfolio Manager/Sub-Investment Adviser

Top Holdings

Asset Allocation

Performance Metrics

Overall Morningstar Rating

MORNINGSTAR CATEGORY Municipal National Intermediate

Lipper Rankings

LIPPER CLASSIFICATION Intermediate Municipal Debt Funds

Main Risks

Risk Metrics

Dividend Schedule

Literature

PRODUCT INFORMATION

BNY Mellon National Intermediate Municipal Bond Fund Materials