Back to All Exchange-Traded Funds >

BNY Mellon Municipal Intermediate ETF (BKMI)

CUSIP 05613H704
NAV $ 25.97 As of 08/20/26
CHG $ -0.03 (-0.12 %)
MKT PRICE $25.95 As of 08/20/26
CHG $-0.11 (-0.42 %)
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

$1,670,447,358 As of 08/20/26

NUMBER OF SHARES OUTSTANDING

64,325,810 As of 08/20/26

MARKET PRICE 52-WEEK HIGH

$26.85 As of 02/27/26

MARKET PRICE 52-WEEK LOW

$25.86 As of 07/23/26

AVG EFFECTIVE DURATION

5.66 yr(s). As of 07/31/26

WEIGHTED AVG YIELD TO MATURITY

4.12% As of 07/31/26

WEIGHTED AVG MATURITY

6.83 yr(s). As of 07/31/26

DISTRIBUTION FREQUENCY

Monthly

Morningstar Category

Municipal National Intermediate

Morningstar Overall Rating

Number of Holdings

530 As of 07/31/26

SUB-ASSET CLASS

Tax-Exempt

EXCHANGE

NASDAQ

Morningstar Rating™ as of July 31, 2026. Overall rating for the Municipal National Intermediate category. Fund ratings are out of 5 Stars: Overall 3 Stars (256 funds rated); 3 Yrs. 2 Stars (256 funds rated); 5 Yrs. 3 Stars (239 funds rated); 10 Yrs. 3 Stars (177 funds rated).

Yields and Expense Ratio

30-DAY SEC YIELD as of 08/20/26 SUBSIDIZED	UNSUBSIDIZED	CURRENT YIELD as of 08/20/26	CONTRACTUAL FEE WAIVER END DATE	PROSPECTUS FEE TABLE EXPENSE RATIO (%) as of 12/31/25 NET	GROSS
3.38	3.38	3.25	-	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 08/20/26 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	0.15%	31,273	102,125	-0.07%	0.15%

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 07/31/26
Name	3 MO 07/31/26	YTD 07/31/26	1 YR	3 YRS	5 YRS	10 YRS	Since Inception
BNY Mellon Municipal Intermediate ETF BKMI	-0.89	-0.45	3.59	2.98	0.63	1.80	4.45
Bloomberg Municipal 3-15 Years Blend (3-15) Index	-0.79	-0.42	3.45	2.85	0.73	1.92	-
S&P Municipal Bond Investment Grade Intermediate Index	-0.88	-0.56	3.50	2.97	0.75	1.90	-

Quarter End

MARKET PRICE

			Average Annual As of 06/30/26
Name	3 MO 06/30/26	YTD 06/30/26	1 YR	3 YRS	5 YRS	10 YRS	Since Inception
BNY Mellon Municipal Intermediate ETF BKMI	1.96	1.37	5.66	3.68	1.14	1.99	4.51
Bloomberg Municipal 3-15 Years Blend (3-15) Index	1.60	1.20	5.43	3.54	1.22	2.10	-
S&P Municipal Bond Investment Grade Intermediate Index	1.66	1.07	5.43	3.62	1.23	2.07	-

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

View

Historical Premium/Discount

View

Premium and Discount Summary Table

As of 08/20/26	Q1 2026	Q2 2026
Days Traded at Premium	12	3
Days Traded at Discount	43	59

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

View

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 08/21/26

Holdings	% Portfolio Weight
IL ST-REV-B 5 6/15/2039	0.95
NY LIBERTY DEV CORP-1 5 11/15/2044	0.92
PORTLAND SWR-A 4.5 5/1/2037	0.82
WA ST-SER R-2023B-REF 5 7/1/2038	0.76
TOBACCO SETTLEMENT-A 5 6/1/2033	0.74
MARICOPA IDA-B-REF 5 1/1/2034	0.71
MIAMI-DADE CO EDU-B 5.25 4/1/2036	0.67
DASNY-A 5 10/1/2035	0.67
CT HLTH & EDUCTNL-B-2 FRN 7/1/2064	0.66
PUB FIN AUTH 5 7/1/2035	0.66
MET TRANSPRTN AUTH-A 5 11/15/2037	0.65
TARRANT CO EDU FACS-C FRN 11/15/2064	0.65
TX TRANSPRTN-C-REF 5 8/15/2036	0.65
MAIN STREET NATURAL-C FRN 12/1/2054	0.65
NEW YORK 5 8/1/2030	0.64
TX TRANSPRTN COMM-REF 5 10/1/2041	0.64
CA CMNTY CHOICE FIN-F 5 11/1/2033	0.64
CLARK CO 5 7/1/2040	0.63
MAIN ST NAT GAS INC FRN 9/1/2053	0.63
SOUTHEAST ENERGY AUTH FRN 1/1/2054	0.62
KY PUB ENERGY-A FRN 5/1/2055	0.62
TOBACCO SETTLEMENT-A 5 6/1/2032	0.61
CHICAGO PK DT-C 4 1/1/2034	0.61
TOBACCO SETTLEMENT-A 5 6/1/2034	0.61
CHICAGO IL-A-REF 5 1/1/2034	0.61
PA TPK 2ND SER SPL 5 12/1/2038	0.61
MET TRANSPRTN AUTH NY 5 11/15/2031	0.60
VT EDU HLTH BLDG FIN 5 12/1/2032	0.60
TX WTR DEV BRD-B 4 10/15/2037	0.59
NY ST MTGE AGY -220 2.4 10/1/2034	0.56
CENTRL PUGET-S-1-REF 3 11/1/2036	0.55
MIAMI-DADE CO-A-AMT 5 10/1/2037	0.55
MA DEV FIN AGY-Q 5 12/1/2042	0.54
TRIBOROUGH BRIDGE-CAB 0 11/15/2029	0.54
JACKSONVILLE HSG AUTH 5 2/1/2034	0.54
PHILADELPHIA HSG-A 5.25 3/1/2039	0.53
CALIFORNIA ST-REF 3 9/1/2030	0.53
TEXAS ST MUNI GAS ACQ FRN 1/1/2054	0.51
BLACK BELT ENERGY GAS FRN 5/1/2053	0.51
NY CITY TRANS FIN-F-1 5 2/1/2039	0.50
BLACK BELT ENERGY GAS FRN 11/1/2053	0.50
CHICAGO-A-REF 5 1/1/2029	0.49
MIAMI DADE CO -C -REV 4 4/1/2037	0.48
MAIN STREET NATURAL-E FRN 5/1/2055	0.47
WI CENTER DT-REF 5 12/15/2033	0.47
TX MUNI GAS ACQ VI 5 1/1/2036	0.47
MA DEV FIN AGY-T-2 FRN 10/1/2055	0.47
CA CMNTY CHOICE FING FRN 5/1/2054	0.46
SALES TAX SECURITIZTN 5 1/1/2038	0.46
MET WA ARPT AUTH-A-RE 5 10/1/2032	0.45
TARRANT CO CULTURAL-G FRN 11/15/2055	0.45
SACRAMENTO WTR SER B FRN 6/1/2034	0.44
ILLINOIS ST-REF 4 2/1/2030	0.44
LOS ANGELES DEPT OF W 5 7/1/2038	0.43
OR BUS DEV COMMN-232 FRN 12/1/2040	0.42
CA HLTH FACS-A 4 3/1/2033	0.42
PENNSYLVANIA ST -143A 4.95 10/1/2038	0.41
MET TRANSPRTN AUTH-B 5 11/15/2034	0.40
LOWER CO RIVER AUTH-B FRN 5/15/2045	0.40
IN FIN AUTH-D-4-REF FRN 10/1/2057	0.39
MIAMI-DADE CO-A-AMT 5 10/1/2034	0.39
LAS VEGAS VLY WTR DT 4 6/1/2036	0.38
COLUMBUS REGL ARPT-A 5 1/1/2031	0.38
NEW YORK ST MTGE AGY 2.65 10/1/2034	0.38
DC-KIPP-SER A-REF 5 7/1/2042	0.37
PHILADELPHIA HSG-A 5 3/1/2036	0.37
MET NASHVILLE TN ARPT 5 7/1/2039	0.37
ILLINOIS ST-B 5 12/1/2030	0.37
CENTRL TX REGL ETC-D 4 1/1/2035	0.36
UTICA CMNTY SCH 5 5/1/2033	0.36
TX WTR DEV BRD -REV 4.5 10/15/2037	0.35
OREGON ST HLTH & SCIE FRN 7/1/2046	0.35
MA DEV FIN AUTH-U-2 FRN 3/1/2048	0.35
GTR TEXOMA UTIL AUTH 5 10/1/2039	0.35
BUILD NYC RESOURCE 5 7/1/2040	0.35
PHILADELPHIA HSG-A 5 3/1/2033	0.33
MO HLTH & EDUCTNL-C FRN 4/1/2059	0.33
LEHIGH CO AUTH-A 5 8/15/2036	0.33
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	0.32
DALLAS & FORT-C-REF 5 11/1/2031	0.32
CA HLTH FACS FING HLT 5 11/15/2049	0.32
INDIANA FIN AUTH-B2 FRN 10/1/2060	0.32
SC JOBS-ECON DEV-B-1 FRN 11/1/2055	0.32
BLACK BELT ENERGY GAS FRN 12/1/2053	0.32
CT ST HLTH EDUCTNL-P 5 7/1/2043	0.32
INDIANA FIN AUTH-A 5 11/1/2041	0.32
GEISINGER PA AUTH HLT FRN 4/1/2043	0.32
MINNEAPOLIS ST PAUL-B 5 1/1/2039	0.32
MAIN STREET NATURAL-D FRN 4/1/2054	0.32
KY PUB ENERGY AUTH-A FRN 6/1/2055	0.31
BLACK BELT-SER-C FRN 5/1/2055	0.31
DU PAGE ETC HSD #86 4 1/15/2035	0.31
KY PUB ENERGY AUTH-C 5 5/1/2036	0.31
LOS ANGELES DEPT WTR 5 7/1/2041	0.13
FW TEXAS STREET PUB 5 5/1/2038	0.31
CENTRL PLAINS-A FRN 5/1/2054	0.31
NY & NJ PORT AUTH-234 5.25 8/1/2047	0.31
NEW YORK-C 5.25 3/1/2047	0.31
CA CMNTY CHOICE FIN-C FRN 12/1/2055	0.31
MAIN STREET NATURAL-B FRN 12/1/2052	0.31
CA MUNI AUTH-1-A-1 4.05 7/20/2041	0.31
NY ENERGY FIN DEV FRN 7/1/2056	0.31
PA ST UNIV-A 5 9/1/2042	0.30
GOLDEN ST TOBACCO-A1 4.214 6/1/2050	0.30
CHANDLER AZ INDL DEV FRN 6/1/2049	0.30
PENNSYLVANIA ST 3 5/15/2034	0.30
TRIBOROUGH BRIDGE-A 4 11/15/2037	0.30
MET TRANS AUTH -B-1 5 11/15/2036	0.30
HOUSTON TX CMNTY CLG 4 2/15/2036	0.30
PENNSYLVANIA ST-1ST 3.5 3/1/2031	0.30
MA DEV FIN AGY-A 5 10/1/2033	0.30
MA H/E VAR-MUSEUM-A1 FRN 12/1/2037	0.30
MTA HUDSON RAIL YRD-A 5 11/15/2051	0.30
OKLAHOMA CITY 2 3/1/2029	0.30
DC-KIPP-SER A-REF 5 7/1/2037	0.30
RI HLTH & EDUCTNL-C 5 5/15/2042	0.30
DASNY -A-REF 4 3/15/2038	0.30
MET GOVT NASHVILLE 2.5 1/1/2029	0.30
SNOHOMISH CO-REF-A 2 12/1/2032	0.29
MICHIGAN FIN AUTH D-2 FRN 10/15/2038	0.29
TARRANT CO CULTURAL-E 5 11/15/2040	0.29
E BATON ROUGE PARISH FRN 2/1/2041	0.29
WAXAHACHIE ISD-REF 4 8/15/2037	0.28
MARICOPA CO IDA-B-REF FRN 12/1/2048	0.28
NEVADA-A 3 5/1/2035	0.28
PA HSG FIN AGY-122 3.65 10/1/2032	0.28
TAMPA-C-REV-BAM 3 10/1/2036	0.28
NY LIBERTY DEV CORP-A 1.45 11/15/2029	0.27
KANSAS CITY-C-REF 5 4/1/2038	0.27
CONNECTICUT ST 4 1/15/2037	0.27
OHIO ST-REV-REF 4 10/1/2037	0.26
WA HLTH FACS AUTH-A 5 3/1/2036	0.26
TARRANT CULTURAL-C-2 FRN 11/15/2051	0.26
ATLANTA-B-2-AMT 5.25 7/1/2039	0.26
ID HLTH FACS AUTH-B FRN 3/1/2060	0.26
MINNEAPOLIS ST PAUL-B 5 1/1/2031	0.26
ILLINOIS FIN AUTH-A-1 FRN 8/15/2054	0.26
CHICAGO PK DT-C 4 1/1/2035	0.25
PA HGR ED-AT-1-UNREF 5 6/15/2029	0.25
LOWER COLORADO RIVER 5 5/15/2044	0.25
FORT BEND GRAND PKWY 3 3/1/2035	0.25
IPS MULTI-SCH BLDG 5 7/15/2037	0.07
NY LIBERTY DEV CORP 3 2/15/2042	0.24
BRAZOS HGR ED-1A-AMT 5 4/1/2035	0.24
DELAWARE VLY REGL-A 4 12/1/2036	0.24
WASHOE CO-REF-B FRN 3/1/2036	0.24
WISCONSIN ST-A-REF 5 11/15/2039	0.24
NEW YORK-E5 FRN 3/1/2048	0.24
MET WA ARPTS AUTH-A 5 10/1/2031	0.24
NEBO SD-REF 2 7/1/2033	0.24
CT ST HLTH & EDUCTNL 4 7/1/2035	0.24
MD DEPT TRANSPRTN-A 3 10/1/2031	0.24
MN HGR EDU FACS-A 5 10/1/2039	0.24
CA MUNI FIN AUTH-A 5 10/1/2040	0.24
KY COMMONWEALTH-A 5 4/1/2045	0.24
FORT BEND GRAND PKWY 3 3/1/2036	0.24
PHOENIX CIVIC IMPT 5 7/1/2028	0.23
LOWER COLORADO RIVER 5 5/15/2041	0.23
CA CMNTY CHOICE FING FRN 7/1/2053	0.23
CHICAGO TRANSIT-A 5 12/1/2042	0.23
ILLINOIS ST-B 5 5/1/2037	0.22
RHODE ISLAND HSG MTGE 3 10/1/2051	0.22
PA ECON DEV-A 4 11/15/2036	0.22
AUSTIN-B-REV-AMT 5 11/15/2039	0.22
GA MUNI ELEC AUTH-A 5 1/1/2035	0.22
CHICAGO-B-REV 5 1/1/2040	0.21
ALIEF ISD 4 2/15/2039	0.21
KANSAS CITY MO INDL D 4 3/1/2034	0.21
NY LIBERTY DEV CORP-2 5.15 11/15/2034	0.21
BURBANK ETC ARPT-B 5.25 7/1/2043	0.21
W VIRGINIA HOSP FIN-B FRN 6/1/2055	0.21
FLORIDA ST MUNI PWR A 3 10/1/2033	0.20
LOS ANGELES-A-REF-AMT 5.25 05/15/2040	0.20
DELAWARE VLY REGL-A 4 12/1/2038	0.20
CO HSG FIN AUTH-E-REF 6.5 11/1/2055	0.20
ALIEF ISD 4 2/15/2040	0.20
NY TRUST-SER A 5 12/1/2035	0.20
NYC TRANSITIONAL-A-1 5.25 5/1/2048	0.20
MAINE GOV FAC AUTH-A 5 10/1/2037	0.20
MET WASHINTON ARPTS-D FRN 10/1/2040	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	0.19
UTAH ST CHRT SCH FIN 5 10/15/2045	0.19
MIAMI-DADE CO-A-AMT 5 10/1/2035	0.19
ILLINOIS ST-B 5 5/1/2036	0.19
IL UNIV-A-REV-REF 5.25 4/1/2043	0.19
SAN FRANCISCO CO-A 5.25 5/1/2045	0.19
SOUTHEAST ENERGY-E 5 10/1/2030	0.19
CA CMNYY CHOICE-F FRN 2/1/2055	0.19
MA DEV FIN AGY-A 4 2/15/2036	0.19
CA CMNTY CHOICE FING FRN 1/1/2054	0.19
NEW HAVEN USD CABS 0 8/1/2033	0.19
AZ IDA SR LIVING-A2 5.125 1/1/2059	0.19
CHICAGO-A-REV 5 11/1/2044	0.19
IPS MULTI-SCH BLDG 5 7/15/2038	0.11
NM ST MTGE FIN AUTH-D 5.3 9/1/2048	0.18
UNIV OF AKRON-A-UNREF 5 1/1/2033	0.18
COLORADO ST COPS-A 4 12/15/2036	0.18
ILLINOIS FIN AUTH-B-2 FRN 5/15/2050	0.18
MS BUS FIN COMMSN-D FRN 11/1/2035	0.18
PA HSG FIN-118B 3.8 10/1/2035	0.18
PORT OF SEATTLE WA-C 5 8/1/2030	0.18
OSCEOLA-REV-AMT 4.875 4/1/2040	0.18
MET NASHVILLE ARPT-A 5 7/1/2043	0.17
TEXAS ST PRIV ACTIVIT 4 6/30/2032	0.17
PENNSYLVANIA ST 3 5/15/2035	0.17
NY CITY TRANS FIN-F-1 5 2/1/2045	0.17
CONNECTICUT HSG-D-REF 5 11/15/2039	0.17
CA STWD CMNTYS DEV-A 5 4/1/2056	0.17
MESQUITE HSG FIN CORP FRN 8/1/2029	0.16
CHICAGO IL PARK DT-B 5 1/1/2035	0.16
SC PUB SVC AUTH-A-REF 4 12/1/2037	0.16
ID HLTH FACS AUTH-C FRN 3/1/2060	0.16
OHIO ST-REV-REF 4 10/1/2042	0.16
SC JOBS-ECON DEV-B-2 FRN 11/1/2049	0.16
RENO TAHOE ARPT-A-AMT 5.25 7/1/2039	0.16
INDIANA ST FIN AUTH FRN 11/1/2049	0.16
MIAMI-DADE CO-A-AMT 5 10/1/2036	0.16
MA PORT AUTH-SER B 5.25 7/1/2043	0.16
BURBANK ETC ARPT-B 5.25 7/1/2044	0.16
CA CMNTY CHOICE FIN-H FRN 1/1/2056	0.16
GTR TEXOMA UTILITY-A 5 10/1/2041	0.16
NEW YORK CITY NY HSG 3.375 11/15/2029	0.16
CASINO REINVESTMENT-A 5 11/1/2033	0.16
PEFA INC-A-REF-REV 5 4/1/2035	0.16
KNOXVILLE 3 5/1/2036	0.16
RI HLTH & EDUCTNL-C 5 5/15/2041	0.16
WA HLTH FACS AUTH-A 5 3/1/2037	0.16
DC HSG FIN AGY-A-2 FRN 9/1/2046	0.15
WA HLTH CARE-B-REF 5 10/1/2032	0.15
PHILADELPHIA PA ARPT 5 7/1/2028	0.15
KY COMMONWEALTH-A 5 4/1/2043	0.15
CASINO REINVESTMENT-A 5 11/1/2034	0.15
SALT LAKE ARPT REV-A 5 7/1/2029	0.15
HOUSTON-C-REV-REF 5 9/1/2044	0.15
MICHIGAN ST FIN AUTH 4 12/1/2035	0.15
OMAHA ARPT AUTH-A 5.25 12/15/2044	0.15
ALASKA HSG FIN CORP-A 3 6/1/2051	0.15
NEW YORK TRANSPRTN-A 5 7/1/2046	0.15
SALT LAKE ARPT REV-A 5 7/1/2031	0.15
OHIO AIR QUALITY DEV FRN 6/1/2041	0.14
OMAHA ARPT AUTH-AMT 5 12/15/2031	0.14
MA ED FIN AUTH-B-AMT- 5 7/1/2029	0.14
SARASOTA -REV 5 9/1/2043	0.14
PORT OF SEATTLE WA-B 5.25 7/1/2039	0.14
SAN ANTONIO-AMT-REV 5.25 7/1/2045	0.14
SEARCY-REV 4 11/1/2036	0.14
KANSAS CITY-C-REF 5 4/1/2039	0.14
ANSONIA-COPS 4.125 12/1/2034	0.14
WESTMONT VLG 5 12/1/2043	0.14
DALLAS -REV -REF 4 8/15/2028	0.13
SARASOTA -REV 5 9/1/2041	0.13
WA HLTH FACS AUTH-A 5 3/1/2038	0.13
KENTUCKY MUN PWR-B 5 9/1/2041	0.13
ILLINOIS ST-A 5 3/1/2032	0.13
SAN FRANCISCO CITY -A 5 5/1/2032	0.13
SALEM HOSP FAC-A-REF 5 5/15/2038	0.13
DENVER CITY & CNTY CO 5 11/15/2033	0.13
IL FIN AUTH-A 5 10/1/2039	0.13
CHICAGO-C-REF-REV 5 1/1/2041	0.13
IL UNIV-A-REV-REF 5.25 4/1/2044	0.13
CT ST HLTH-A 5 8/1/2043	0.13
FAIR LAWN NJ 2 9/1/2029	0.13
WESTMONT VLG 5 12/1/2042	0.13
ST CLOUD-REF-REV 5 5/1/2041	0.13
STHRN CA TOBACCO -REF 5 6/1/2037	0.13
GTR TEXOMA UTILITY-A 5 10/1/2036	0.13
S W ISD 5 2/1/2041	0.13
ST CLOUD-REF-REV 5 5/1/2042	0.13
CHESTER HLTH & EDU-A 4 10/1/2037	0.12
HOUSTON-A-REF 3 3/1/2037	0.12
WAWASEE HS BLDG CORP 5 7/15/2041	0.12
WILLIAMSON CNTY TN 3.1 4/1/2035	0.12
MAIN ST NAT GAS INC-D FRN 5/1/2054	0.12
NORTHWEST ISD-A 5 2/15/2039	0.12
S W ISD 5 2/1/2040	0.12
MA ED FIN AUTH-B-AMT- 5 7/1/2028	0.12
INDIANA FIN AUTH EDUC 4 2/1/2034	0.12
RI HLTH EDU BLDG CORP 5 11/1/2047	0.12
NEBRASKA ST INVESTMEN 5.5 9/1/2053	0.12
SALT LAKE ARPT REV-A 5 7/1/2030	0.12
SANTA MARIA UN HSD 3 8/1/2040	0.12
WILL FOREST PERSERVE 5 12/15/2043	0.12
REGL CO TRANS DT-A 5 7/15/2031	0.12
OMAHA ARPT AUTH-AMT 5 12/15/2030	0.12
KANSAS CITY MO INDL D 4 3/1/2035	0.12
GUAM GOVT-A-REF 5 12/1/2028	0.12
GUAM GOVT-A-REF 5 12/1/2029	0.12
NEW YORK TRANSPRTN-A 5 7/1/2041	0.12
DALLAS -REV -REF 4 8/15/2035	0.12
AQUARION WTR AUTH-D 5.25 8/1/2037	0.12
HOWARD CO MD HSG COMM 1.2 6/1/2027	0.12
TEXAS ST PUBLIC FIN A 4 2/1/2039	0.12
CHICAGO PARK DIST-F-2 4 1/1/2038	0.12
DASNY-A-REF 4 5/1/2039	0.12
DALLAS -REV -REF 4 8/15/2038	0.12
CHICAGO-A-AMT-REV 5 1/1/2038	0.11
SUSSEX CNTY 2 6/15/2029	0.11
PR ELEC 5.25 7/1/2018	0.11
WESTMONT VLG 5 12/1/2044	0.11
SUSSEX CNTY 2 6/15/2030	0.11
CHICAGO-A-AMT-REV 5 1/1/2037	0.11
ATLANTA-REV-REF 5 11/1/2044	0.11
TULSA CO IND AUTH 5 9/1/2032	0.11
CASINO REINVESTMENT-A 5 11/1/2035	0.10
PORT OF SEATTLE-B-AMT 5 4/1/2036	0.10
HIDALGO CO-A 4 12/1/2038	0.10
CHICAGO-B-REV 5 1/1/2041	0.10
NEWARK HGR EDU FIN-A 5 8/15/2039	0.10
AZ INDL DEV AUTH-A 4 11/1/2049	0.10
TROY NY CAPITAL RESO 5 9/1/2031	0.10
CT ST HLTH EDU-R 3.25 7/1/2035	0.10
LA DEPT OF WTR-B-REF 5 7/1/2037	0.10
SC ST HSG FIN DEV-A 6 1/1/2034	0.10
RI HLTH & EDUCTNL 5 5/15/2041	0.10
MD TRANSPRTN DEPT -A 5 8/1/2032	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
MET TRANSPRTN AUTH NY 5 11/15/2037	0.10
L'ANSE CREUSE PUB-I 5 5/1/2042	0.10
COOK CO HIGH SD #207 3 12/1/2032	0.10
VAN ALSTYNE ISD 5 2/15/2043	0.09
WADSWORTH SD 3 12/1/2045	0.09
ERNEST N MORIAL-NEW O 5 7/15/2037	0.09
NTHRN IN COMMUTER-REV 5 1/1/2044	0.09
TWIN LAKES SBC 5 1/15/2044	0.09
COOK CO CUSD #401 -A 4 12/1/2029	0.09
HAWAII ST-A-AMT-REV 5 7/1/2030	0.09
CARROLL CO-A-REV-REMK 4.25 10/1/2034	0.09
DUPAGE SD #60-A 4 12/30/2032	0.09
VAN ALSTYNE ISD 5 2/15/2042	0.09
ALAMEDA CORRIDOR-B 5 10/1/2036	0.09
MA DEV FIN AGY-R 5 12/1/2043	0.09
TEXAS ST PRIV ACTIVIT 4 6/30/2034	0.09
TEXAS ST PRIV ACTIVIT 4 12/31/2034	0.09
CASINO REINVESTMENT-A 5 11/1/2031	0.09
CASINO REINVESTMENT-A 5 11/1/2032	0.09
CALIFORNIA CMNTY CHOI FRN 2/1/2052	0.09
COLUMBUS REGL ARPT-A 5 1/1/2030	0.09
MD TRANSPRTN DEPT -A 5 8/1/2031	0.09
HIDALGO CO-A 4 12/1/2037	0.09
COLORADO HFA-B 3.75 5/1/2050	0.09
MD TRANSPRTN DEPT -A 5 8/1/2029	0.09
ERNEST N MORIAL-NEW O 5 7/15/2036	0.09
WILL FOREST PERSERVE 5 12/15/2044	0.09
REGL CO TRANS DT-A 5 1/15/2029	0.09
VAN ALSTYNE ISD 5 2/15/2041	0.09
CHICAGO-A-AMT-REV 5 1/1/2036	0.09
NEW YORK-D-1 4 3/1/2042	0.09
MO H/E VAR-C-WA UNIV FRN 3/1/2040	0.08
RI HLTH & EDUCTNL-C 5 5/15/2040	0.08
CALIF CMNTY FIN-E-1 FRN 2/1/2054	0.08
HOUSTON-A-REF 3 3/1/2036	0.08
REGL CO TRANS DT-A 5 1/15/2032	0.08
PENNSYLVANIA ST HGR E 4 6/15/2032	0.08
MD HLTH & HGR EDU-A 5 7/1/2038	0.08
CASINO REINVESTMENT-A 5 11/1/2036	0.08
WINDSOR CT 2 6/15/2029	0.08
WINDSOR CT 2 6/15/2030	0.08
TEXAS ST PRIV ACTIVIT 4 6/30/2035	0.08
WADSWORTH SD 4 12/1/2056	0.08
PORT OF SEATTLE-B-AMT 5 4/1/2037	0.08
SHREVEPORT 5 3/1/2044	0.08
WILL FOREST PERSERVE 5 12/15/2040	0.08
NEW MEXICO MTG FIN-A 3 3/1/2053	0.08
OMAHA ARPT AUTH-A 5.25 12/15/2046	0.08
MD TRANSPRTN DEPT -A 5 8/1/2033	0.08
MET WASHINGTON DC-B 4 10/1/2036	0.07
NY CITY NY HSG DEV 2.15 11/1/2028	0.07
PORT OF SEATTLE WA RE 5 8/1/2042	0.07
CHICAGO PARK DIST-F-2 4 1/1/2036	0.07
CLARKSVILLE BLDG-VAR FRN 7/1/2031	0.07
TEXAS ST PRIV ACTIVIT 4 12/31/2035	0.07
FAYETTE CO DEV AUTH 5 10/1/2043	0.07
TEXAS ST PRIV ACTIVIT 4 12/31/2033	0.07
OMAHA ARPT AUTH-AMT 5 12/15/2029	0.07
AR DEV FIN AUTH 5 2/1/2031	0.07
MARYLAND ST CMNTY DEV 4 9/1/2049	0.07
GA MUNI ELEC AUTH-A 5 1/1/2039	0.07
PEWITT CONSOLIDATED I 5 2/15/2039	0.07
GUAM WTRWKS AUTH-A 5.25 7/1/2040	0.07
AR DEV FIN AUTH 5 2/1/2030	0.07
CALIFORNIA ST HLTH FA 3 11/1/2036	0.07
SARASOTA -REV 5 9/1/2042	0.07
TRIBOROUGH NY BRIDGE 4 11/15/2037	0.07
TN ENERGY ACQ CORP-A- FRN 5/1/2053	0.07
FAYETTE CO DEV AUTH 5 10/1/2042	0.07
SC ST HSG FIN DEV-A 6 1/1/2033	0.07
CLIFTON HGR EDU FIN-T 4 8/15/2035	0.07
JORDAN UT SD 2 6/15/2033	0.07
MD HLTH & HGR EDU-A 5 7/1/2037	0.07
GUAM WTRWKS AUTH-A 5.25 7/1/2041	0.07
JORDAN UT SD 2 6/15/2032	0.07
OKLAHOMA CITY 3 3/1/2038	0.07
WEBSTER CSD 2 6/15/2030	0.07
CASINO REINVESTMENT-B 5 11/1/2033	0.07
COLORADO ST HSG & FIN 4.25 11/1/2049	0.07
COLUMBUS MULTI-SCH BL 5 1/15/2044	0.07
RI HSG MTGE FIN CORP 4 10/1/2049	0.07
GOVT OF GUAM-G-REF 5 1/1/2034	0.06
GOVT OF GUAM-G-REF 5 1/1/2033	0.06
CASINO REINVESTMENT-A 5 11/1/2030	0.06
SOUTHEAST ENERGY AUTH FRN 5/1/2053	0.06
GOVT OF GUAM-G-REF 5 1/1/2032	0.06
SHREVEPORT 5 3/1/2039	0.06
FAYETTE CO DEV AUTH 5 10/1/2044	0.06
LOS ANGELES CA DEPT-A 5 7/1/2040	0.06
KING CO HSG AUTH -REF 5 7/1/2040	0.06
GOVT OF GUAM-G-REF 5 1/1/2031	0.06
SARASOTA -REV 5 9/1/2040	0.06
LOS ANGELES CA DEPT-A 5 7/1/2041	0.06
AZ INDL DEV AUTH-A 5 11/1/2034	0.06
PHILADELPHIA INDL DEV 5 11/1/2029	0.06
ALLEGHENY CO HGR EDU 5 3/1/2029	0.06
COLUMBUS MULTI-SCH BL 5 7/15/2041	0.06
MET NASHVILLE TN ARPT 5 7/1/2033	0.06
SHREVEPORT 5 3/1/2041	0.06
REGL CO TRANS DT-A 5 1/15/2030	0.06
GUAM WTRWKS AUTH-A 5.25 7/1/2042	0.06
FAYETTE CO DEV AUTH 5 10/1/2039	0.06
PHILADELPHIA INDL DEV 5 11/1/2028	0.06
SE ENERGY AUTH-C 5 11/1/2029	0.06
HIDALGO CO-A 5 12/1/2031	0.06
MA DEV FIN AGY-R 5 12/1/2044	0.06
CONNECTICUT ST HLTH-M 4 7/1/2038	0.06
AR DEV FIN AUTH 5 2/1/2029	0.06
CHICAGO BOE-A-REF 5 12/1/2035	0.06
DIST OF COLUMBIA-B 5 7/1/2037	0.06
CASH	0.06
CHICAGO PK DT-C 4 1/1/2032	0.06
NJ ECON DEV AUTH-QQQ 4 6/15/2034	0.06
FL DEV FIN CORP-A 5 6/15/2035	0.06
ILLINOIS FIN AUTH-A 5 9/1/2032	0.06
NEW JERSEY ST-A 3 6/1/2032	0.06
DALLAS -REV -REF 4 8/15/2036	0.06
MET WASHINGTON DC-B 4 10/1/2038	0.06
MD HLTH & HGR EDU-A 5 7/1/2040	0.06
CHICAGO PK DT-D-REF 4 1/1/2032	0.06
DALLAS -REV -REF-AG 4 8/15/2038	0.06
DELAWARE VLY PA REGL 2 10/1/2029	0.06
AZ INDL DEV AUTH-A 5 11/1/2033	0.06
ILLINOIS FIN AUTH-A 5 9/1/2031	0.06
MD TRANSPRTN DEPT -A 5 8/1/2027	0.06
ARIZONA ST INDL DEV-A 5 7/1/2035	0.06
DANBURY HGR EDU AUTH 4.75 8/15/2034	0.05
AZ INDL DEV AUTH-A 5 11/1/2035	0.05
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
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
FAYETTE CO DEV AUTH 5 10/1/2041	0.05
INDIANA ST FIN AUTH 5 11/1/2027	0.05
ILLINOIS FIN AUTH-A 5 9/1/2034	0.04
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
ARIZONA IND DEV AUTH 3 7/1/2035	0.04
NEVADA ST-A 4 4/1/2049	0.04
ILLINOIS FIN AUTH-A 5 9/1/2033	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	0.03
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
MONTGOMERY CNTY OH 5 8/1/2036	0.03
HIDALGO CO-A 5 12/1/2030	0.03
HIDALGO CO-A 5 12/1/2033	0.03
WA HGR EDU FACS AUTH 5 5/1/2029	0.03
ILLINOIS ST-A 5 3/1/2031	0.03
AR DEV FIN AUTH 5 2/1/2032	0.03
MT FAC FIN AUTH-2022A 5 8/15/2027	0.03
WA HGR EDU FACS AUTH 5 5/1/2027	0.03
SE ENERGY AUTH-C 5 11/1/2026	0.03
DANBURY HGR EDU AUTH 4 8/15/2049	0.03
OH HSG FIN AGY-D 4 3/1/2047	0.03
IDAHO ST HLTH FACS AU 4 3/1/2034	0.02
WASHINGTON HLTH CARE 3 12/1/2035	0.02
WASHINGTON HLTH CARE 3 12/1/2034	0.02
TN HSG FIN AGY-B2 4 1/1/2042	0.02
CA MUNI FIN AUTH 4 1/1/2036	0.02
CALIFORNIA CO TOBACCO 5 6/1/2032	0.02
HIDALGO CO-A 5 12/1/2032	0.02
CA MUNI FIN AUTH 4 1/1/2031	0.02
CA MUNI FIN AUTH 4 1/1/2035	0.02
OH HSG FIN AGY-A 4.5 3/1/2047	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
HIDALGO CO-A 5 12/1/2029	0.02
A.B WON PAT AUTH-A 5 10/1/2029	0.02
VINEYARD REDEV AGY 5 5/1/2031	0.02
CA MUNI FIN AUTH 4 1/1/2034	0.01
MT BRD OF HSG-A-2 3.5 6/1/2044	0.01
A.B WON PAT AUTH-B 5 10/1/2029	0.01
CA MUNI FIN AUTH 4 1/1/2033	0.01
VINEYARD REDEV AGY 5 5/1/2030	0.01
CA MUNI FIN AUTH 4 1/1/2032	0.01
A.B WON PAT AUTH-A 5 10/1/2033	0.01
A.B WON PAT AUTH-A 5 10/1/2031	0.01
VINEYARD REDEV AGY 5 5/1/2029	0.01
PA HSG FIN AGY-122 4 10/1/2046	0.01
A.B WON PAT AUTH-A 5 10/1/2030	0.01
A.B WON PAT AUTH-A 5 10/1/2028	0.01
A.B WON PAT AUTH-B 5 10/1/2028	0.01
HIDALGO CO-A 5 12/1/2028	0.01
A.B WON PAT AUTH-A 5 10/1/2027	0.01
CT HSG FIN D-1 -REF 4 11/15/2047	0.01
CVI-SUBSER CW NT FRN 11/1/2043	0.00
MN HSG FIN AGY-B-REF 4 7/1/2047	0.00
RESTRUCTURED-SER A1 5.625 7/1/2029	0.00
RESTRUCTURED-SER A1 5.75 7/1/2031	0.00
RESTRUCTURED-SER A1 4 7/1/2033	0.00
RESTRUCTURED-SER A1 4 7/1/2041	0.00
RESTRUCTURED-SER A1 4 7/1/2046	0.00
RESTRUCTURED-CABS-SER 0 7/1/2033	0.00
RESTRUCTURED-SER A1 4 7/1/2035	0.00
RESTRUCTURED-SER A1 4 7/1/2037	0.00
RESTRUCTURED-SER A1 5.625 7/1/2027	0.00
Net Current Assets	-0.30

% 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 07/31/26. Overall rating for the Municipal National Intermediate. Fund ratings are out of 5 Stars: Overall 3 Stars (256 funds rated); 3 Yrs. 2 Stars (256 funds rated); 5 Yrs. 3 Stars (239 funds rated); 10 Yrs. 3 Stars (177 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
149 out of 187
3 Year
111 out of 172
5 Year
91 out of 161
10 Year
49 out of 121

LIPPER CLASSIFICATION Intermediate Municipal Debt Funds

Lipper Category returns and rankings as of 07/31/26, 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 07/31/26 3-Year Trailing	Standard Deviation	Alpha	Beta	R-Squared	Sharpe Ratio
BKMI	4.80	-0.25	0.83	97.77	-0.32

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
08/03/26	08/03/26	08/06/26	0.0756	0.0000	0.0000	0.0000	0.0756

(Values Listed In $)EX DATE	RECORD DATE	PAYABLE DATE	DIVIDEND INCOME	TOTAL DISTRIBUTION
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:

Download
Share
Subscribe

ETF Profile Sheet

Download

BNY Mellon National Intermediate Municipal Bond Fund Materials

Key:

Download
Share
Subscribe

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