BKMI was created on 2026-01-12 by BNY Mellon. The fund's investment portfolio concentrates primarily on investment grade fixed income. The ETF currently has 1716.54m in AUM and 536 holdings. BKMI is actively managed, seeking to maximize current income through investments in investment-grade US municipal bonds with intermediate maturities that are exempt from federal income tax. Security selection is based on fundamental credit analysis and relative value assessments.