BNY Mellon Emerging Markets Equity ETF (BKEM)

    • CUSIP 09661T503
    • NAV  $ 58.13 As of  05/01/24
    • CHG  $ 0.42 (0.73 %)
    • MKT PRICE  $57.23 As of  05/01/24
    • CHG  $0.22 (0.39 %)
    • TOT EXPENSE RATIO  0.11% 
    Overview

    Why invest in this Fund?

    • The fund seeks to match the performance of the Solactive GBS Emerging Markets Large & Mid Cap Index NTR.
    • Provides investors with broad exposure to stocks located in emerging market countries.
    • 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 Emerging Markets Large Cap IndexSM to Solactive GBS Emerging Markets Large & Mid Cap Index NTR. Please see prospectus for additional information.

    INCEPTION DATE
    04/22/20
    NET ASSETS
    $98,817,628  As of  05/02/24
    NUMBER OF SHARES OUTSTANDING
    1,700,000  As of  05/02/24
    MARKET PRICE 52-WEEK HIGH
    $58.44  As of  04/09/24
    MARKET PRICE 52-WEEK LOW
    $50.50  As of  10/27/23
    TURNOVER RATIO TTM
    32.27 As of  05/31/24
    DISTRIBUTION FREQUENCY
    Quarterly
    Morningstar Category
    Diversified Emerging Markets
    Morningstar Overall Rating
    Number of Holdings
    1643 As of  05/31/24
    PRICE/EARNINGS RATIO
    12.49 As of  05/31/24
    PRICE/BOOK RATIO
    1.94 As of  05/31/24
    WEIGHTED AVERAGE MARKET CAP
    (in millions)
    $128,863 As of  05/31/24
    SUB-ASSET CLASS
    Global/International - Blend
    BLOOMBERG INDEX TICKER
    SEMLMCUN
    EXCHANGE
    NYSE-Arca

    Morningstar Rating™ as of March 31, 2024. Overall rating for the Diversified Emerging Markets category. Fund ratings are out of 5 Stars: Overall 3 Stars (721 funds rated); 3 Yrs. 3 Stars (721 funds rated).

    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
    3.80 3.80 2.69 - 0.11 0.11

    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.

    Portfolio Managers

    • David France

      David France, CFA

      Portfolio Manager, Mellon Investments Corporation

      Managing Fund Since 2020

      Joined Firm in 2009

      Joined Industry in 1995
    • Todd Frysinger

      Todd Frysinger, CFA

      Portfolio Manager, Mellon Investments Corporation

      Managing Fund Since 2020

      Joined Firm in 2000

      Joined Industry in 1996
    • Vlasta Sheremeta

      Vlasta Sheremeta, CFA

      Portfolio Manager, Mellon Investments Corporation

      Managing Fund Since 2020

      Joined Firm in 2010

      Joined Industry in 2010
    • Michael Stoll

      Michael Stoll

      Portfolio Manager, Mellon Investments Corporation

      Managing Fund Since 2020

      Joined Firm in 2005

      Joined Industry in 2005
    • Marlene Walker Smith

      Marlene Walker Smith

      Portfolio Manager, Mellon Investments Corporation

      Managing Fund Since 2020

      Joined Firm in 1995

      Joined Industry in 1990
    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 Emerging Markets Equity ETF
    		0.25% 1,178 9,582 -0.83% 3.56%

    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 Emerging Markets Equity ETF
    BKEM
    		6.19 1.93 7.64 -6.30 - - 6.08
    Morningstar Emerging Markets Large Cap Index
    		2.49 2.49 10.28 -4.13 2.73 3.58 -

    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 Emerging Markets Equity ETF
    BKEM
    		2.66 2.66 7.54 -5.84 - - 6.40
    Solactive GBS Emerging Markets Large & Mid Cap USD Index NTR
    		2.49 2.49 10.28 -4.13 2.73 3.58 -
    Morningstar Emerging Markets Large Cap Index
    		2.62 2.62 8.67 -4.82 2.73 3.80 -

    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 Emerging Markets Large & Mid Cap USD Index NTR is part of the Solactive Global Benchmark Series which includes benchmark indices for developed and emerging market countries. The index intends to track the performance of the large and mid cap segment covering approximately the largest 85% of the free-float market capitalization in the Emerging Markets. It is calculated as a net total return index in USD and weighted by free-float market capitalization.

    The Morningstar? Emerging Markets Large Cap IndexSM is a float-adjusted market capitalization weighted index designed to measure the performance of emerging market large-capitalization stocks. A country is considered emerging if: (i) its annual per capita gross national income does not fall in the World Bank?s high-income category for the most recent three years; (ii) it has had broad-based discriminatory controls against non-domiciled investors during the most recent three years; and (iii) its stock markets do not exhibit any of the following characteristics: transparency, market regulation, operational efficiency, and the absence of broad-based investment restrictions. The index?s initial universe of eligible securities includes equity securities (including common stock, preferred stock and shares of REITs), issued by emerging market companies and traded on a major foreign exchange. At each reconstitution, the initial universe is screened to exclude securities based on the number of non-trading days

    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
      		141 23
      Days Traded at Discount
      		114 39

      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 0.11%
      Other Expenses 0.00%
      Total Expenses 0.11%
      Net Expenses 0.11%

      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. David France, CFA, Todd Frysinger, CFA, Vlasta Sheremeta, CFA, Michael Stoll, and Marlene Walker Smith are the fund's primary portfolio managers. Messrs. France, Frysinger and Stoll and Mses. Walker Smith and Sheremeta have been primary portfolio managers of the fund since October 2020. Messrs. France, Frysinger and Stoll and Ms. Sheremeta are each a Vice President and Senior Portfolio Manager at Mellon. Ms. Walker Smith is a Director and Co-Head of Equity Index Portfolio Management at Mellon. Each portfolio manager is jointly and primarily responsible for the day-to-day management of the fund?s portfolio.

      Top Holdings

      As of 05/31/24
      Holdings % Portfolio Weight
      Taiwan Semiconductor Manufacturing 7.79
      Tencent Holdings 3.62
      Samsung Electronics 3.31
      Alibaba Group Holding 1.91
      Reliance Industries 1.50
      HDFC Bank 1.32
      PDD Holdings ADR, Cl. A 1.24
      International Holdings 1.04
      SK Hynix 0.95
      ICICI Bank 0.89

      % Portfolio Weight is calculated using the closing market price of each security from the prior business day.

      Holdings are subject to change. The holdings listed should not be considered recommendations to buy or sell a security.

      Asset Allocation

          Stats & Risks

          Performance Metrics

          Overall Morningstar Rating

          MORNINGSTAR CATEGORY Diversified Emerging Markets

          Morningstar Rating™ as of 03/31/24. Overall rating for the Diversified Emerging Markets. Fund ratings are out of 5 Stars: Overall 3 Stars (721 funds rated); 3 Yrs. 3 Stars (721 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
            459 out of 779
          • 3 Year
            333 out of 688

          LIPPER CLASSIFICATION

          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.
          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.
          The fund's performance will be influenced by political, social and economic factors affecting investments in foreign issuers. These special risks include exposure to currency fluctuations, less liquidity, less developed or less efficient trading markets, lack of comprehensive company information, political and economic instability and differing auditing and legal standards. The securities of issuers located in emerging markets tend to be more volatile and less liquid than those of issuers in more mature economies.
          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
          BKEM
          		17.03 -7.29 0.92 79.04 -0.42

          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 MSCI ACWI ex USA 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
          Quarterly
          Distributed
          Quarterly
          Paid
          Quarterly
          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
          04/01/24 04/02/24 04/05/24 0.1965 0.0000 0.0000 0.0000 0.1965
          (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 0.3391 0.0000 0.0000 0.0000 0.3391
          10/02/23 10/03/23 10/06/23 0.5803 0.0000 0.0000 0.0000 0.5803
          07/03/23 07/05/23 07/10/23 0.4943 0.0000 0.0000 0.0000 0.4943
          04/03/23 04/04/23 04/10/23 0.2840 0.0000 0.0000 0.0000 0.2840
          12/28/22 12/29/22 01/04/23 0.1194 0.0000 0.0000 0.0000 0.1194
          10/03/22 10/04/22 10/07/22 0.6356 0.0000 0.0000 0.0000 0.6356
          07/01/22 07/05/22 07/08/22 0.6000 0.0000 0.0000 0.0000 0.6000
          04/01/22 04/04/22 04/07/22 0.3219 0.0000 0.0000 0.0000 0.3219
          12/29/21 12/30/21 01/04/22 0.2707 0.0000 0.0000 0.0000 0.2707
          10/01/21 10/04/21 10/07/21 0.6114 0.0000 0.0000 0.0000 0.6114
          07/01/21 07/02/21 07/08/21 0.4435 0.0000 0.0000 0.0000 0.4435
          04/01/21 04/05/21 04/08/21 0.1869 0.0000 0.0000 0.0000 0.1869
          12/29/20 12/30/20 01/05/21 0.5258 0.0000 0.0000 0.0000 0.5258
          10/01/20 10/02/20 10/07/20 0.4492 0.0000 0.0000 0.0000 0.4492
          07/01/20 07/02/20 07/08/20 0.3120 0.0000 0.0000 0.0000 0.3120
          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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          SOLACTIVE GBS EMERGING MARKETS LARGE & MID CAP INDEX NTR  

          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. 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.

          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.