BKMI vs FMN
BNY Mellon Municipal Intermediate ETF vs Federated Hermes Premier Municipal Income Fund
Which is better, BKMI or FMN?
BKMI has been ahead.
BKMI has a lower expense ratio. BKMI led over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BKMI | FMN |
|---|---|---|
| Expense Ratio | 0.35%Best | 0.75% |
| AUM | $1.5B | $88M |
| Dividend Yield | 1.93% | 4.84% |
| Holdings | 1,068 | 153 |
| YTD Return | -3.38%Best | -7.00% |
| 1Y Return | - | -5.27% |
| 3Y Return (annualized) | - | +6.18% |
| 5Y Return (annualized) | - | -3.86% |
| Fund Family | BNY Mellon Investment Management | Federated Hermes |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Jan 12, 2026 | Dec 20, 2002 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
BKMI vs FMN growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
BKMI vs FMN Performance
BNY Mellon Municipal Intermediate ETF (BKMI) is an ETF from BNY Mellon Investment Management and Federated Hermes Premier Municipal Income Fund (FMN) is an ETF from Federated Hermes. Year to date, BKMI is down 3.38% versus a loss of 7.00% for FMN.
Past performance does not guarantee future results.
Fees and Cost Over Time
BKMI charges 0.35% per year while FMN charges 0.75%. On a $10,000 position that is $35 vs $75 annually, a gap of $40 per year that compounds over a long holding period. On income, BKMI currently yields 1.93% against 4.84% for FMN.
Holdings Overlap
We hold position weights for 111 holdings in BKMI and 82 in FMN, totalling 28.5% and 55.9% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 5 positions appear in both.
The two holdings books were reported 94 days apart, BKMI as of Oct 2, 2026 and FMN as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
5 positions in common, counted across the 111 positions we hold weights for in BKMI and 82 in FMN, against full books of 1,068 and 153.
Top Shared Holdings
| Stock | Weight in BKMI | Weight in FMN | Difference |
|---|---|---|---|
| TX TMGUTL 01/01/2054Texas St Muni Gas Acquisition & Sply Corp Iv Variable Rate, Due 01/01/2054 | 0.52% | 1.12% | 0.60% |
| NY NYCDEV 5 11/15/20Nycdev 5.000 11/15/44 | 0.94% | 0.64% | 0.30% |
| FL MIATRN 5 10/01/20Miami-Dade Cnty Fla Aviation R 5% Oct 01, 2050 | 0.16% | 1.35% | 1.19% |
| GA MAIUTL 09/01/2053Main Street Natural Gas Inc Ga Gas Supply Revenue 2053-09-01 | 0.64% | 0.68% | 0.04% |
| MI MISFIN 4 12/01/20Michigan Fin Au 4% 12/1/49 | 0.15% | 1.01% | 0.86% |
You are not choosing between two funds in isolation.
Whichever of BKMI and FMN you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BKMI or FMN?
BKMI has an expense ratio of 0.35% while FMN charges 0.75%. BKMI is the cheaper option, by $40 a year on a $10,000 investment.
Which pays a higher dividend, BKMI or FMN?
BKMI yields 1.93% while FMN yields 4.84%, so FMN currently pays the higher dividend yield.
Is FMN better than BKMI?
BKMI has a lower expense ratio. BKMI led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.