BNY Mellon Core Bond ETF (BKAG)
- CUSIP 09661T602
- NAV $ 40.81 As of 05/01/24
- CHG $ 0.16 (0.39 %)
- MKT PRICE $40.69 As of 05/01/24
- CHG $0.01 (0.02 %)
- TOT EXPENSE RATIO 0.00%
Why invest in this Fund?
- The fund seeks to match the performance of the Bloomberg US Aggregate Total Return Index.
- Provides investors with broad exposure to the overall U.S. bond market.
- Employs a passively managed, low cost index approach with a fully transparent portfolio.
- Is highly liquid so investors can buy or sell any time the stock market is open.
Morningstar Rating™ as of March 31, 2024. Overall rating for the Intermediate Core Bond category. Fund ratings are out of 5 Stars: Overall 3 Stars (426 funds rated); 3 Yrs. 3 Stars (426 funds rated).
Yields and Expense Ratio
30-DAY SEC YIELD as of 05/02/24 SUBSIDIZED |
UNSUBSIDIZED |
CURRENT YIELD as of 05/02/24 |
CONTRACTUAL FEE WAIVER END DATE |
PROSPECTUS FEE TABLE EXPENSE RATIO (%) as of 03/01/24 NET |
GROSS |
---|---|---|---|---|---|
4.92 | 4.92 | 4.31 | - | 0.00 | 0.00 |
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.
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.
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.
Portfolio Managers
-
Nancy G. Rogers, CFA
Portfolio Manager, Mellon Investments Corporation
Managing Fund Since 2020
Joined Firm in 1987
Joined Industry in 1987
-
Gregg A. Lee, CFA
Portfolio Manager, Mellon Investments Corporation
Managing Fund Since 2020
Joined Firm in 1989
Joined Industry in 1989
Daily Statistics
As of 05/01/24 NAME |
30-DAY MEDIAN BID/ASK SPREAD |
PREVIOUS DAY VOLUME |
20-DAY AVG VOLUME |
PREMIUM/ DISCOUNT |
YTD Total Return (NAV) |
---|---|---|---|---|---|
BNY Mellon Core Bond ETF
|
0.02% | 69,403 | 183,123 | 0.10% | -2.59% |
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
Month End
Average Annual As of 04/30/24 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 04/30/24 |
YTD 04/30/24 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Core Bond ETF
BKAG |
-3.04 | -3.26 | -1.51 | -3.62 | - | - | -2.73 |
Quarter End
Average Annual As of 03/31/24 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 03/31/24 |
YTD 03/31/24 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Core Bond ETF
BKAG |
-0.79 | -0.79 | 1.50 | -2.55 | - | - | -2.16 |
Bloomberg U.S. Aggregate Bond Index
|
-0.78 | -0.78 | 1.70 | -2.46 | 0.36 | 1.54 | - |
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.
Market Price performance is calculated using the most recent NYSE Arca Official Closing Price. Market Price returns do not represent investors’ returns had they traded shares at other times.
The Bloomberg U.S. Aggregate Total Return Index is designed to measure the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, mortgage-backed pass-through securities (agency fixed-rate), commercial mortgage-backed securities (agency and non-agency) and other asset-backed securities having at least one year until final maturity. To be included in the index, securities must be rated investment grade (Baa3/BBB-/BBB- or higher) using the middle rating of Moody?s, S&P and Fitch. Investors cannot invest directly in an index.
Growth of $10,000 Investment
Past performance is no guarantee of future results.
Historical NAV and Market Price
Historical Premium/Discount
Premium and Discount Summary Table
As of 05/02/24 | Calendar Year 2023 | Q1 2024 |
---|---|---|
Days Traded at Premium
|
220 | 60 |
Days Traded at Discount
|
33 | 1 |
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
Prospectus Fee Table Expense Ratios
Fees as stated in the prospectus Fee Description | Total Expense Ratio (%) |
---|---|
Management Fee | 0.00% |
Other Expenses | 0.00% |
Total Expenses | 0.00% |
Net Expenses | 0.00% |
The Total Expenses is the actual fund expense ratio applicable to investors.
Portfolio Manager/Sub-Investment Adviser
Asset Allocation
Performance Metrics
Overall Morningstar Rating
MORNINGSTAR CATEGORY Intermediate Core Bond
Morningstar Rating™ as of 03/31/24. Overall rating for the Intermediate Core Bond. Fund ratings are out of 5 Stars: Overall
3 Stars (426 funds rated); 3 Yrs.
3 Stars (426 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
342 out of 514 -
3 Year
232 out of 481
LIPPER CLASSIFICATION Core Bond Funds
Main Risks
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 declines.
Mortgage-backed securities: Ginnie Maes and other securities backed by the full faith and credit of the United States are guaranteed only as to the timely payment of interest and principal when held to maturity. The market prices for such securities are not guaranteed and will fluctuate. Privately issued mortgage related securities also are subject to credit risks associated with the underlying mortgage properties. These securities may be more volatile and less liquid than more traditional, government backed debt securities.
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.
Investing in foreign denominated and/or domiciled securities involves special risks, including changes in currency exchange rates, political, economic, and social instability, limited company information, differing auditing and legal standards, and less market liquidity. These risks generally are greater with emerging market countries.
The fund may, but is not required to, use derivative instruments, such as options, futures, options on futures, forward contracts, swap agreements and other credit derivatives. A small investment in derivatives could have a potentially large impact on the fund's performance. The use of derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in the underlying assets.
Please refer to the prospectus for a more complete discussion of the fund's main risks.
The BNY Mellon ETFs are not sponsored, endorsed, sold or promoted by Morningstar, Inc. or Bloomberg Index Services Limited (together the index provider) and have been licensed for use for certain purposes by BNY Mellon. The index provider makes no representation regarding the advisability of investing in BNY Mellon ETFs. The index provider determines the composition of the index and relative weightings of the securities in the index, which is subject to change by the index provider.
Risk Metrics
As of 03/31/24 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
---|---|---|---|---|---|
BKAG
|
7.23 | -0.08 | 1.00 | 99.99 | -0.73 |
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. Aggregate 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.
Dividend Schedule
Distributions History
(Values Listed In $)EX DATE | RECORD DATE | PAYABLE DATE | DIVIDEND INCOME | SHORT-TERM CAPITAL GAIN |
LONG-TERM CAPITAL GAIN |
RETURN OF CAPITAL | TOTAL DISTRIBUTION |
---|---|---|---|---|---|---|---|
05/01/24 | 05/02/24 | 05/07/24 | 0.1448 | 0.0000 | 0.0000 | 0.0000 | 0.1448 |
(Values Listed In $)EX DATE | RECORD DATE | PAYABLE DATE | DIVIDEND INCOME | SHORT-TERM CAPITAL GAIN |
LONG-TERM CAPITAL GAIN |
RETURN OF CAPITAL | TOTAL DISTRIBUTION |
---|---|---|---|---|---|---|---|
04/01/24 | 04/02/24 | 04/05/24 | 0.1479 | 0.0000 | 0.0000 | 0.0000 | 0.1479 |
03/01/24 | 03/04/24 | 03/07/24 | 0.1387 | 0.0000 | 0.0000 | 0.0000 | 0.1387 |
02/01/24 | 02/02/24 | 02/07/24 | 0.1458 | 0.0000 | 0.0000 | 0.0000 | 0.1458 |
12/27/23 | 12/28/23 | 01/03/24 | 0.0878 | 0.0000 | 0.0000 | 0.0000 | 0.0878 |
12/01/23 | 12/04/23 | 12/07/23 | 0.1311 | 0.0000 | 0.0000 | 0.0000 | 0.1311 |
11/01/23 | 11/02/23 | 11/07/23 | 0.1370 | 0.0000 | 0.0000 | 0.0000 | 0.1370 |
10/02/23 | 10/03/23 | 10/06/23 | 0.1189 | 0.0000 | 0.0000 | 0.0000 | 0.1189 |
09/01/23 | 09/05/23 | 09/08/23 | 0.1257 | 0.0000 | 0.0000 | 0.0000 | 0.1257 |
08/01/23 | 08/02/23 | 08/07/23 | 0.1189 | 0.0000 | 0.0000 | 0.0000 | 0.1189 |
07/03/23 | 07/05/23 | 07/10/23 | 0.1180 | 0.0000 | 0.0000 | 0.0000 | 0.1180 |
06/01/23 | 06/02/23 | 06/07/23 | 0.1295 | 0.0000 | 0.0000 | 0.0000 | 0.1295 |
05/01/23 | 05/02/23 | 05/05/23 | 0.1066 | 0.0000 | 0.0000 | 0.0000 | 0.1066 |
See all rows... |
Literature
PRODUCT INFORMATION
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BNY MELLON EXCHANGE-TRADED FUNDS PRESENTATION | Download | Share | ||
ETF Profile Sheet Retail Version | Download | Share |
Prospectus and Reports
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INDEX FACTSHEET
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BLOOMBERG BARCLAYS US AGGREGATE TOTAL RETURN INDEX FACTSHEET |