BNY Mellon US Small Cap Core Equity ETF (BKSE)
- CUSIP 09661T305
- NAV $ 91.35 As of 05/01/24
- CHG $ 1.42 (1.58 %)
- MKT PRICE $89.92 As of 05/01/24
- CHG $0.17 (0.19 %)
- TOT EXPENSE RATIO 0.04%
Why invest in this Fund?
- The fund seeks to match the performance of the Solactive GBS United States 600 Index TR.
- Provides investors with broad exposure to small capitalization stocks.
- 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.
Effective November 15, 2023, the benchmark for the fund has changed from Morningstar US Small Cap IndexSM to Solactive GBS United States 600 Index TR. Please see prospectus for additional information.
(in millions)
Yields and Expense Ratio
30-DAY SEC YIELD as of 05/02/24 SUBSIDIZED |
UNSUBSIDIZED |
DIVIDEND YIELD (ANNUALIZED) as of 05/31/24 |
CONTRACTUAL FEE WAIVER END DATE |
PROSPECTUS FEE TABLE EXPENSE RATIO (%) as of 03/01/24 NET |
GROSS |
---|---|---|---|---|---|
1.61 | 1.61 | 1.64 | - | 0.04 | 0.04 |
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.
Dividend Yield (Annualized) - The dividend yield is the ratio of the fund’s annual dividend compared to it’s share price.
Price/Earnings Ratio - Price-to-earnings (P/E) is the ratio of the market price of a firm’s common stock to its current (or predicted) earnings per share.
Price/Book Ratio - Price-to-book value (P/B) is a ratio used to compare a stock's market value with its book value. It is calculated by dividing the current closing price of the stock by the latest quarter’s book value (assets minus liabilities).
Weighted Avg Market Cap - Weighted average market cap is the average market capitalization of corporations in a fund or index, weighted by the percentage of the holding in the fund or index.
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.
Dividend Yield (Annualized) - The dividend yield is the ratio of the fund’s annual dividend compared to it’s share price.
Price/Earnings Ratio - Price-to-earnings (P/E) is the ratio of the market price of a firm’s common stock to its current (or predicted) earnings per share.
Price/Book Ratio - Price-to-book value (P/B) is a ratio used to compare a stock's market value with its book value. It is calculated by dividing the current closing price of the stock by the latest quarter’s book value (assets minus liabilities).
Weighted Avg Market Cap - Weighted average market cap is the average market capitalization of corporations in a fund or index, weighted by the percentage of the holding in the fund or index.
Portfolio Managers
-
David France, CFA
Portfolio Manager, Mellon Investments Corporation
Managing Fund Since 2020
Joined Firm in 2009
Joined Industry in 1995
-
Todd Frysinger, CFA
Portfolio Manager, Mellon Investments Corporation
Managing Fund Since 2020
Joined Firm in 2000
Joined Industry in 1996
-
Vlasta Sheremeta, CFA
Portfolio Manager, Mellon Investments Corporation
Managing Fund Since 2020
Joined Firm in 2010
Joined Industry in 2010
-
Michael Stoll
Portfolio Manager, Mellon Investments Corporation
Managing Fund Since 2020
Joined Firm in 2005
Joined Industry in 2005
-
Marlene Walker Smith
Portfolio Manager, Mellon Investments Corporation
Managing Fund Since 2020
Joined Firm in 1995
Joined Industry in 1990
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 US Small Cap Core Equity ETF
|
0.11% | 1,274 | 2,704 | -0.01% | -1.84% |
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 US Small Cap Core Equity ETF
BKSE |
0.70 | -3.60 | 13.84 | -1.27 | - | - | 17.08 |
Morningstar US Small Cap Index
|
2.84 | 2.84 | 19.95 | 3.00 | 9.60 | 8.11 | - |
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 US Small Cap Core Equity ETF
BKSE |
2.75 | 2.75 | 19.98 | 2.10 | - | - | 19.36 |
Solactive GBS United States 600 Index TR
|
2.84 | 2.84 | 19.95 | 3.00 | 9.60 | 8.11 | - |
Morningstar US Small Cap Index
|
5.69 | 5.69 | 21.51 | 2.67 | 8.93 | 7.97 | - |
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 Solactive GBS United States 600 Index intends to track the performance of the largest 600 small cap companies from the US stock market and is based on the Solactive Global Benchmark Series. Constituents are selected based on company market capitalization and weighted by free float market capitalization. The index is calculated as a total return index in USD and is reconstituted quarterly.
The Morningstar? US Small Cap IndexSM is a float-adjusted market capitalization weighted index designed to measure the performance of U.S. small-capitalization stocks. The index?s initial universe of eligible securities includes common stock, tracking stock and shares of real estate investment trusts (REITs) issued by U.S. companies and traded on the New York Stock Exchange, NASDAQ or NYSE Market LLC. At each reconstitution, the initial universe is screened to exclude securities based on the number of non-trading days in the preceding quarter and trading volume during the preceding six-month period. The remaining securities represent the investable universe. The index includes the securities of companies whose cumulative total market capitalization represents approximately the bottom 3%-10% of the investable universe. The index rebalances quarterly in March, June, September and December, and reconstitutes semi-annually in June and December. Investors cannot invest directly in any 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
|
148 | 28 |
Days Traded at Discount
|
105 | 34 |
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 | 0.04% |
Other Expenses | 0.00% |
Total Expenses | 0.04% |
Net Expenses | 0.04% |
The Total Expenses is the actual fund expense ratio applicable to investors.
Portfolio Manager/Sub-Investment Adviser
Top Holdings
Holdings | % Portfolio Weight |
---|---|
Abercrombie & Fitch, Cl. A | 0.46 |
Insmed | 0.44 |
Sprouts Farmers Market | 0.43 |
ATI | 0.41 |
Kirby | 0.40 |
Flowserve | 0.36 |
Mueller Industries | 0.36 |
Blueprint Medicines | 0.35 |
DT Midstream | 0.35 |
Meritage Homes | 0.34 |
% Portfolio Weight is calculated using the closing market price of each security from the prior business day.
Asset Allocation
Main Risks
Equities are subject to market, market sector, market liquidity, issuer, and investment style risks, among other factors, to varying degrees. 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.
Small and midsize companies carry additional risks because their operating histories tend to be more limited, their earnings and revenues less predictable and their share prices more volatile than those of larger, more established companies. The shares of smaller companies tend to trade less frequently than those of larger, more established companies.
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, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade mark or the Index Price at any time or in any other respect. The Index is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards BNY Mellon, Solactive AG has no obligation to point out errors in the Index to third parties including but not limited to investors and/or financial intermediaries of the BNY Mellon ETFs. Neither publication of the Index by Solactive AG nor the licensing of the Index or Index trade mark for the purpose of use in connection with the BNY Mellon ETFs constitutes a recommendation by Solactive AG to invest capital in said financial instrument nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in the BNY Mellon ETFs.
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 |
---|---|---|---|---|---|
BKSE
|
21.04 | -8.58 | 1.05 | 77.38 | 0.07 |
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 S&P 500® 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 |
---|---|---|---|---|---|---|---|
04/01/24 | 04/02/24 | 04/05/24 | 0.3949 | 0.0000 | 0.0000 | 0.0000 | 0.3949 |
(Values Listed In $)EX DATE | RECORD DATE | PAYABLE DATE | DIVIDEND INCOME | SHORT-TERM CAPITAL GAIN |
LONG-TERM CAPITAL GAIN |
RETURN OF CAPITAL | TOTAL DISTRIBUTION |
---|---|---|---|---|---|---|---|
12/27/23 | 12/28/23 | 01/03/24 | 0.3709 | 0.0000 | 0.0000 | 0.0000 | 0.3709 |
10/02/23 | 10/03/23 | 10/06/23 | 0.3269 | 0.0000 | 0.0000 | 0.0000 | 0.3269 |
07/03/23 | 07/05/23 | 07/10/23 | 0.2507 | 0.0000 | 0.0000 | 0.0000 | 0.2507 |
04/03/23 | 04/04/23 | 04/10/23 | 0.3455 | 0.0000 | 0.0000 | 0.0000 | 0.3455 |
12/28/22 | 12/29/22 | 01/04/23 | 0.2340 | 0.0000 | 0.0000 | 0.0000 | 0.2340 |
10/03/22 | 10/04/22 | 10/07/22 | 0.3555 | 0.0000 | 0.0000 | 0.0000 | 0.3555 |
07/01/22 | 07/05/22 | 07/08/22 | 0.2984 | 0.0000 | 0.0000 | 0.0000 | 0.2984 |
04/01/22 | 04/04/22 | 04/07/22 | 0.2786 | 0.0000 | 0.0000 | 0.0000 | 0.2786 |
12/29/21 | 12/30/21 | 01/04/22 | 0.3474 | 0.0000 | 0.0000 | 0.0000 | 0.3474 |
10/01/21 | 10/04/21 | 10/07/21 | 0.2401 | 0.0000 | 0.0000 | 0.0000 | 0.2401 |
07/01/21 | 07/02/21 | 07/08/21 | 0.2874 | 0.0000 | 0.0000 | 0.0000 | 0.2874 |
04/01/21 | 04/05/21 | 04/08/21 | 0.2507 | 0.0000 | 0.0000 | 0.0000 | 0.2507 |
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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