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% 
    Overview

    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.
    INCEPTION DATE
    04/22/20
    NET ASSETS
    $1,736,523,685  As of  05/02/24
    NUMBER OF SHARES OUTSTANDING
    42,550,000  As of  05/02/24
    MARKET PRICE 52-WEEK HIGH
    $42.65  As of  12/27/23
    MARKET PRICE 52-WEEK LOW
    $39.26  As of  10/19/23
    AVG EFFECTIVE DURATION
    6.15 yr(s). As of  05/31/24
    WEIGHTED AVG YIELD TO MATURITY
    5.1% As of  05/31/24
    WEIGHTED AVG MATURITY
    8.56 yr(s). As of  05/31/24
    DISTRIBUTION FREQUENCY
    Monthly
    Morningstar Category
    Intermediate Core Bond
    Morningstar Overall Rating
    Number of Holdings
    4945 As of  05/31/24
    SUB-ASSET CLASS
    Taxable
    BLOOMBERG INDEX TICKER
    LBUSTRUU
    EXCHANGE
    NYSE-Arca

    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.

    Portfolio Managers

    • Nancy G. Rogers

      Nancy G. Rogers, CFA

      Portfolio Manager, Mellon Investments Corporation

      Managing Fund Since 2020

      Joined Firm in 1987

      Joined Industry in 1987
    • Gregg A. Lee

      Gregg A. Lee, CFA

      Portfolio Manager, Mellon Investments Corporation

      Managing Fund Since 2020

      Joined Firm in 1989

      Joined Industry in 1989
    Performance

    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

    Click here for NAV Returns 

    Month End

    MARKET PRICE
    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

    MARKET PRICE
    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

      Fees & Expenses

      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

      Portfolio Manager/Sub-Investment Adviser

      The fund's investment adviser is BNY Mellon ETF Investment Adviser, LLC (Adviser). The Adviser has engaged its affiliate, Mellon Investments Corporation (Mellon), to serve as the fund's sub-adviser. Gregory A. Lee, CFA, and Nancy G. Rogers, CFA, are the primary portfolio managers of the fund. Each portfolio manager has been a primary portfolio manager of the fund since its inception in April 2020. Mr. Lee is a Director, Senior Portfolio Manager at Mellon. Ms. Rogers is a Director, Head of Fixed Income Index Portfolio Management at Mellon.

      Asset Allocation

          Stats & Risks

          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

          Lipper Category returns and rankings as of 03/31/24, 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 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.

          Distributions

          Dividend Schedule

          Declared
          Monthly
          Distributed
          Monthly
          Paid
          Monthly
          Fiscal Year End
          Oct 31

          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
          04/03/23 04/04/23 04/10/23 0.1171 0.0000 0.0000 0.0000 0.1171
          03/01/23 03/02/23 03/07/23 0.1102 0.0000 0.0000 0.0000 0.1102
          02/01/23 02/02/23 02/07/23 0.1147 0.0000 0.0000 0.0000 0.1147
          12/28/22 12/29/22 01/04/23 0.1093 0.0000 0.0000 0.0000 0.1093
          12/01/22 12/02/22 12/07/22 0.1031 0.0000 0.0000 0.0000 0.1031
          11/01/22 11/02/22 11/07/22 0.1019 0.0000 0.0000 0.0000 0.1019
          10/03/22 10/04/22 10/07/22 0.0967 0.0000 0.0000 0.0000 0.0967
          09/01/22 09/02/22 09/08/22 0.0941 0.0000 0.0000 0.0000 0.0941
          08/01/22 08/02/22 08/05/22 0.0834 0.0000 0.0000 0.0000 0.0834
          07/01/22 07/05/22 07/08/22 0.0845 0.0000 0.0000 0.0000 0.0845
          06/01/22 06/02/22 06/07/22 0.0862 0.0000 0.0000 0.0000 0.0862
          05/02/22 05/03/22 05/06/22 0.0742 0.0000 0.0000 0.0000 0.0742
          04/01/22 04/04/22 04/07/22 0.0695 0.0000 0.0000 0.0000 0.0695
          03/01/22 03/02/22 03/07/22 0.0631 0.0000 0.0000 0.0000 0.0631
          02/01/22 02/02/22 02/07/22 0.0697 0.0000 0.0000 0.0000 0.0697
          12/29/21 12/30/21 01/04/22 0.0637 0.0000 0.0000 0.0000 0.0637
          12/01/21 12/02/21 12/07/21 0.0717 0.0000 0.0000 0.0000 0.0717
          11/01/21 11/02/21 11/05/21 0.0608 0.0000 0.0000 0.0000 0.0608
          10/01/21 10/04/21 10/07/21 0.0611 0.0000 0.0000 0.0000 0.0611
          09/01/21 09/02/21 09/08/21 0.0605 0.0000 0.0000 0.0000 0.0605
          08/02/21 08/03/21 08/06/21 0.0549 0.0000 0.0000 0.0000 0.0549
          07/01/21 07/02/21 07/08/21 0.0639 0.0000 0.0000 0.0000 0.0639
          06/01/21 06/02/21 06/07/21 0.0599 0.0000 0.0000 0.0000 0.0599
          05/03/21 05/04/21 05/07/21 0.0562 0.0000 0.0000 0.0000 0.0562
          04/01/21 04/05/21 04/08/21 0.0767 0.0000 0.0000 0.0000 0.0767
          03/01/21 03/02/21 03/05/21 0.0652 0.0000 0.0000 0.0000 0.0652
          02/01/21 02/02/21 02/05/21 0.0654 0.0000 0.0000 0.0000 0.0654
          12/29/20 12/30/20 01/05/21 0.0705 0.0000 0.0000 0.0000 0.0705
          12/01/20 12/02/20 12/07/20 0.0707 0.0000 0.0000 0.0000 0.0707
          11/02/20 11/03/20 11/06/20 0.0661 0.0000 0.0000 0.0000 0.0661
          10/01/20 10/02/20 10/07/20 0.0632 0.0000 0.0000 0.0000 0.0632
          09/01/20 09/02/20 09/08/20 0.0766 0.0000 0.0000 0.0000 0.0766
          08/03/20 08/04/20 08/07/20 0.0740 0.0000 0.0000 0.0000 0.0740
          07/01/20 07/02/20 07/08/20 0.0807 0.0000 0.0000 0.0000 0.0807
          06/01/20 06/02/20 06/05/20 0.0860 0.0000 0.0000 0.0000 0.0860
          See all rows...
          Literature

          Literature

          PRODUCT INFORMATION

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          BNY MELLON EXCHANGE-TRADED FUNDS PRESENTATION Download
          Index ETF Quarterly Performance Update Download

          Prospectus and Reports

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          Factsheet Download
          Prospectus Download
          Summary Prospectus Download
          SAI Download
          Annual Report Download
          Semi Annual Report Download
          1Q Fiscal Holdings Download
          3Q Fiscal Holdings Download

          INDEX FACTSHEET

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          BLOOMBERG BARCLAYS US AGGREGATE TOTAL RETURN INDEX FACTSHEET  

          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 (“BNYMSC”), a subsidiary of the BNY Mellon, serves as distributor of the fund. BNYMSC does not distribute fund shares in less than Creation Units, nor does it maintain a secondary market in fund shares. BNYMSC 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.