BNY Mellon High Yield ETF (BKHY)

    • CUSIP 09661T800
    • NAV  $ 46.76 As of  05/01/24
    • CHG  $ 0.16 (0.34 %)
    • MKT PRICE  $46.71 As of  05/01/24
    • CHG  $-0.09 (-0.19 %)
    • TOT EXPENSE RATIO  0.22% 
    Overview

    Why invest in this Fund?

    • The fund seeks total return consisting of capital appreciation and income.
    • Employs a systematic process designed to capture broad exposure with low tracking error vs. the benchmark, in a cost-efficient manner.
    • Proprietary credit model which seeks to systematically limit exposure to low-quality and overpriced bonds. We believe this can help mitigate downside risks associated with more volatile parts of the high yield market.
    • Is highly liquid so investors can buy or sell any time the market is open.
    INCEPTION DATE
    04/22/20
    NET ASSETS
    $268,845,524  As of  05/02/24
    NUMBER OF SHARES OUTSTANDING
    5,750,000  As of  05/02/24
    MARKET PRICE 52-WEEK HIGH
    $47.70  As of  03/20/24
    MARKET PRICE 52-WEEK LOW
    $44.19  As of  10/20/23
    AVG EFFECTIVE DURATION
    3.18 yr(s). As of  05/31/24
    WEIGHTED AVG YIELD TO MATURITY
    8.12% As of  05/31/24
    WEIGHTED AVG MATURITY
    4.09 yr(s). As of  05/31/24
    DISTRIBUTION FREQUENCY
    Monthly
    Morningstar Category
    High Yield Bond
    Morningstar Overall Rating
    Number of Holdings
    1773 As of  05/31/24
    SUB-ASSET CLASS
    Taxable
    BLOOMBERG INDEX TICKER
    LF98TRUU
    EXCHANGE
    NYSE-Arca

    Morningstar Rating™ as of March 31, 2024. Overall rating for the High Yield Bond category. Fund ratings are out of 5 Stars: Overall 3 Stars (606 funds rated); 3 Yrs. 3 Stars (606 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
    8.12 8.12 7.63 - 0.22 0.22

    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.

    Learn more about
    our Featured Funds

    Portfolio Managers

    • Paul Benson

      Paul Benson, CFA, CAIA

      Head of Efficient Beta, Insight North America, LLC

      Managing Fund Since 2020

      Joined Firm in 2005

      Joined Industry in 1994
    • Stephanie Shu

      Stephanie Shu, CFA

      Senior Portfolio Manager, Insight North America, LLC

      Managing Fund Since 2020

      Joined Firm in 2000

      Joined Industry in 1997
    • Manuel Hayes

      Manuel Hayes

      Senior Portfolio Manager, Insight North America, LLC

      Managing Fund Since 2020

      Joined Firm in 2009

      Joined Industry in 2004
    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 High Yield ETF
    		0.06% 10,241 59,223 0.23% 0.94%

    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 High Yield ETF
    BKHY
    		0.27 0.57 8.37 1.23 - - 5.56

    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 High Yield ETF
    BKHY
    		1.76 1.76 10.01 1.93 - - 5.99
    Bloomberg US Corporate High Yield Total Return Index
    		1.47 1.47 11.15 2.19 4.21 4.44 -

    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. Corporate High Yield Total Return Index is designed to measure the U.S. dollar-denominated, high yield (junk), fixed-rate, taxable corporate bond market. Bonds included in the index must have $150 million or more par amount outstanding and at least one year until final maturity. Bonds are classified as high yield if the middle rating of Moody?s, Fitch and S&P is Ba1/BB+/BB+ or below. Securities in the index are updated on the last business day of each month. 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
      		195 57
      Days Traded at Discount
      		60 5

      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 0.22%
      Other Expenses 0.00%
      Total Expenses 0.22%
      Net Expenses 0.22%

      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, Insight North America LLC (INA), to serve as the fund's sub-adviser. Paul Benson, CFA, Manuel Hayes, and Stephanie Shu, CFA, are the fund's primary portfolio managers and have been the fund's primary portfolio managers since its inception in April 2020. Messrs. Benson and Hayes are Directors, Senior Portfolio Managers at INA. Ms. Shu is also a Director, Senior Portfolio Manager at INA.

      Asset Allocation

          Stats & Risks

          Performance Metrics

          Overall Morningstar Rating

          MORNINGSTAR CATEGORY High Yield Bond

          Morningstar Rating™ as of 03/31/24. Overall rating for the High Yield Bond. Fund ratings are out of 5 Stars: Overall 3 Stars (606 funds rated); 3 Yrs. 3 Stars (606 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
            142 out of 508
          • 3 Year
            191 out of 456

          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. 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. 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.

          Risk Metrics

          As of  03/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          BKHY
          		8.54 4.12 0.91 60.23 -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 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 0.3016 0.0000 0.0000 0.0000 0.3016
          (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 0.3021 0.0000 0.0000 0.0000 0.3021
          03/01/24 03/04/24 03/07/24 0.2843 0.0000 0.0000 0.0000 0.2843
          02/01/24 02/02/24 02/07/24 0.2452 0.0000 0.0000 0.0000 0.2452
          12/27/23 12/28/23 01/03/24 0.2072 0.0000 0.0000 0.0000 0.2072
          12/01/23 12/04/23 12/07/23 0.2640 0.0000 0.0000 0.0000 0.2640
          11/01/23 11/02/23 11/07/23 0.3512 0.0000 0.0000 0.0000 0.3512
          10/02/23 10/03/23 10/06/23 0.4316 0.0000 0.0000 0.0000 0.4316
          09/01/23 09/05/23 09/08/23 0.2890 0.0000 0.0000 0.0000 0.2890
          08/01/23 08/02/23 08/07/23 0.2870 0.0000 0.0000 0.0000 0.2870
          07/03/23 07/05/23 07/10/23 0.2762 0.0000 0.0000 0.0000 0.2762
          06/01/23 06/02/23 06/07/23 0.8826 0.0000 0.0000 0.0000 0.8826
          05/01/23 05/02/23 05/05/23 0.3061 0.0000 0.0000 0.0000 0.3061
          04/03/23 04/04/23 04/10/23 0.3061 0.0000 0.0000 0.0000 0.3061
          03/01/23 03/02/23 03/07/23 0.2613 0.0000 0.0000 0.0000 0.2613
          02/01/23 02/02/23 02/07/23 0.2439 0.0000 0.0000 0.0000 0.2439
          12/28/22 12/29/22 01/04/23 0.2803 0.0000 0.0000 0.0000 0.2803
          12/01/22 12/02/22 12/07/22 0.3144 0.0000 0.0000 0.0000 0.3144
          11/01/22 11/02/22 11/07/22 0.2214 0.0000 0.0000 0.0000 0.2214
          10/03/22 10/04/22 10/07/22 0.2947 0.0000 0.0000 0.0000 0.2947
          09/01/22 09/02/22 09/08/22 0.2843 0.0000 0.0000 0.0000 0.2843
          08/01/22 08/02/22 08/05/22 0.4071 0.0000 0.0000 0.0000 0.4071
          07/01/22 07/05/22 07/08/22 0.1468 0.0000 0.0000 0.0000 0.1468
          06/01/22 06/02/22 06/07/22 0.2322 0.0000 0.0000 0.0000 0.2322
          05/02/22 05/03/22 05/06/22 0.1537 0.0000 0.0000 0.0000 0.1537
          04/01/22 04/04/22 04/07/22 0.3397 0.0000 0.0000 0.0000 0.3397
          03/01/22 03/02/22 03/07/22 0.1958 0.0000 0.0000 0.0000 0.1958
          02/01/22 02/02/22 02/07/22 0.1659 0.0000 0.0000 0.0000 0.1659
          12/29/21 12/30/21 01/04/22 0.2989 0.9777 0.0000 0.0000 1.2766
          12/01/21 12/02/21 12/07/21 0.1882 0.0000 0.0000 0.0000 0.1882
          11/01/21 11/02/21 11/05/21 0.2177 0.0000 0.0000 0.0000 0.2177
          10/01/21 10/04/21 10/07/21 0.2264 0.0000 0.0000 0.0000 0.2264
          09/01/21 09/02/21 09/08/21 0.2381 0.0000 0.0000 0.0000 0.2381
          08/02/21 08/03/21 08/06/21 0.2332 0.0000 0.0000 0.0000 0.2332
          07/01/21 07/02/21 07/08/21 0.2554 0.0000 0.0000 0.0000 0.2554
          06/01/21 06/02/21 06/07/21 0.2145 0.0000 0.0000 0.0000 0.2145
          05/03/21 05/04/21 05/07/21 0.2391 0.0000 0.0000 0.0000 0.2391
          04/01/21 04/05/21 04/08/21 0.2260 0.0000 0.0000 0.0000 0.2260
          03/01/21 03/02/21 03/05/21 0.1976 0.0000 0.0000 0.0000 0.1976
          02/01/21 02/02/21 02/05/21 0.2212 0.0000 0.0000 0.0000 0.2212
          12/29/20 12/30/20 01/05/21 0.3095 0.4170 0.0000 0.0000 0.7266
          12/01/20 12/02/20 12/07/20 0.2719 0.0000 0.0000 0.0000 0.2719
          11/02/20 11/03/20 11/06/20 0.2348 0.0000 0.0000 0.0000 0.2348
          10/01/20 10/02/20 10/07/20 0.2650 0.0000 0.0000 0.0000 0.2650
          09/01/20 09/02/20 09/08/20 0.2619 0.0000 0.0000 0.0000 0.2619
          08/03/20 08/04/20 08/07/20 0.2505 0.0000 0.0000 0.0000 0.2505
          07/01/20 07/02/20 07/08/20 0.2850 0.0000 0.0000 0.0000 0.2850
          06/01/20 06/02/20 06/05/20 0.3176 0.0000 0.0000 0.0000 0.3176
          See all rows...
          Literature

          Literature

          PRODUCT INFORMATION

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          BNY Mellon High Yield Beta ETF - Quarterly Commentary Download
          BNY MELLON EXCHANGE-TRADED FUNDS PRESENTATION Download
          BNY Mellon High Yield Beta ETF - Commentary 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 CORPORATE HIGH YIELD 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.