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% 
    Overview

    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.

    INCEPTION DATE
    04/07/20
    NET ASSETS
    $114,187,879  As of  05/02/24
    NUMBER OF SHARES OUTSTANDING
    1,250,000  As of  05/02/24
    MARKET PRICE 52-WEEK HIGH
    $96.06  As of  03/28/24
    MARKET PRICE 52-WEEK LOW
    $74.93  As of  10/27/23
    TURNOVER RATIO TTM
    88.61 As of  05/31/24
    DISTRIBUTION FREQUENCY
    Quarterly
    Morningstar Category
    Small Blend
    Number of Holdings
    601 As of  05/31/24
    PRICE/EARNINGS RATIO
    15.3 As of  05/31/24
    PRICE/BOOK RATIO
    1.92 As of  05/31/24
    WEIGHTED AVERAGE MARKET CAP
    (in millions)
    $4,015 As of  05/31/24
    SUB-ASSET CLASS
    Small Cap - Blend
    BLOOMBERG INDEX TICKER
    US600T
    EXCHANGE
    NYSE-Arca

    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.

    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 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

    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 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

    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 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

      Fees & Expenses

      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

      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
      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.

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

      Asset Allocation

          Stats & Risks

          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.
          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.

          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 0.3949 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
          12/29/20 12/30/20 01/05/21 0.2262 0.0000 0.0000 0.0000 0.2262
          10/01/20 10/02/20 10/07/20 0.2384 0.0000 0.0000 0.0000 0.2384
          07/01/20 07/02/20 07/08/20 0.2244 0.0000 0.0000 0.0000 0.2244
          See all rows...
          Literature

          Literature

          PRODUCT INFORMATION

          • Download
          • Share
          • Subscribe
          • Order
          BNY MELLON EXCHANGE-TRADED FUNDS PRESENTATION Download
          Index ETF Quarterly Performance Update Download

          Prospectus and Reports

          • Download
          • Share
          • Subscribe
          • Order
          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

          • Download
          • Share
          • Subscribe
          • Order
          SOLACTIVE GBS UNITED STATES 600 INDEX TR  

          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.