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Trending ETFs

Name

As of 05/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$47.26

$282 M

7.66%

$3.62

0.22%

Vitals

YTD Return

2.2%

1 yr return

11.3%

3 Yr Avg Return

1.8%

5 Yr Avg Return

N/A

Net Assets

$282 M

Holdings in Top 10

8.2%

52 WEEK LOW AND HIGH

$47.2
$44.19
$47.70

Expenses

OPERATING FEES

Expense Ratio 0.22%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$47.26

$282 M

7.66%

$3.62

0.22%

BKHY - Profile

Distributions

  • YTD Total Return 2.2%
  • 3 Yr Annualized Total Return 1.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.98%
DIVIDENDS
  • Dividend Yield 7.7%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    BNY Mellon High Yield Beta ETF
  • Fund Family Name
    BNY Mellon
  • Inception Date
    Apr 22, 2020
  • Shares Outstanding
    900000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Stephanie Shu

Fund Description

3.The entirety of the "Fund Summary – Principal Investment Strategy" section of the Prospectus and Summary Prospectus, and the first six paragraphs of the "Fund Details – Goal and Approach - BNY Mellon High Yield Beta ETF" section of the Prospectus, are deleted and replaced with the following:

The fund seeks to provide diversified investment exposure to the U.S. high yield bond market. While the fund is not an index fund and does not attempt to replicate any index, the fund normally invests substantially all of its assets in bonds that, at the time of purchase, are included in the Bloomberg US Corporate High Yield Total Return Index (Index), ETFs providing exposure to securities included in the Index and derivatives with economic characteristics similar to such bonds, ETFs or the Index. The fund's derivatives investments may include futures, total return swaps, structured notes and credit default swap indexes. Under normal circumstances, the fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in high yield securities and ETFs providing exposure to such securities. The fund's policy with respect to the investment of at least 80% of its net assets may be changed by the fund's board, upon 60 days' prior notice to shareholders. The fund considers high yield securities to be securities with ratings that qualify for inclusion in the Index.

The 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. When a rating from only two agencies is available, the lower is used; when only one agency rates a bond, that rating is used. In cases where explicit bond level ratings may not be available, the Index provider may use other sources to classify securities by credit quality. The Index may include U.S.

dollar-denominated bonds issued by foreign issuers. Securities in the Index are updated on the last business day of each month.

The fund’s sub-adviser, Insight North America LLC, an affiliate of the Adviser, uses a systematic investment process to select high yield securities for the fund’s portfolio. The sub-adviser uses a proprietary credit model to construct a portfolio with general risk characteristics (e.g., credit rating distribution, duration and sector weightings) similar to those of the Index. The sub-adviser also uses the proprietary credit model to determine appropriate weightings, based on risk and relative value signals, of individual securities for the fund’s portfolio in an attempt to generate a modest amount of outperformance over the Index. For example, the sub-adviser may overweight against the Index individual securities identified by the credit model to have more favorable risk and relative value signals and may underweight against the Index individual securities identified by the credit model to have less favorable risk and relative value signals. The sub-adviser will seek to ensure that the fund’s exposure to securities identified with less favorable risk and relative value signals, if any, will be no greater than such securities’ weights in the Index at the time of purchase.

Current fund portfolio holdings may become sell candidates if the sub-adviser believes that bonds with better risk and return characteristics become available, or if the holding no longer meets the sub-adviser's strategic or portfolio construction objectives.

The fund may, from time to time, invest a significant portion (more than 20%) of its assets in securities of companies in certain sectors and/or industries. As of March 31, 2024, 20.6% of the fund's portfolio consisted of securities of Consumer Cyclical companies, although this may change from time to time.

The fund is classified as diversified under the Investment Company Act of 1940, as amended (1940 Act).

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BKHY - Performance

Return Ranking - Trailing

Period BKHY Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -5.7% 6.7% 47.78%
1 Yr 11.3% -5.2% 17.1% 30.22%
3 Yr 1.8%* -15.9% 20.3% 41.42%
5 Yr N/A* -11.8% 37.1% 9.85%
10 Yr N/A* -5.0% 19.5% 13.30%

* Annualized

Return Ranking - Calendar

Period BKHY Return Category Return Low Category Return High Rank in Category (%)
2023 2.9% -4.7% 14.3% 91.14%
2022 -16.4% -33.4% 3.6% 66.93%
2021 -2.0% -8.4% 8.2% 90.02%
2020 N/A -13.2% 302.7% N/A
2019 N/A -4.4% 13.3% N/A

Total Return Ranking - Trailing

Period BKHY Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -5.7% 6.7% 47.78%
1 Yr 11.3% -5.2% 17.1% 30.22%
3 Yr 1.8%* -15.9% 20.3% 41.42%
5 Yr N/A* -11.8% 37.1% N/A
10 Yr N/A* -5.0% 19.5% N/A

* Annualized

Total Return Ranking - Calendar

Period BKHY Return Category Return Low Category Return High Rank in Category (%)
2023 12.4% -4.7% 17.8% 41.46%
2022 -11.0% -33.4% 47.8% 56.71%
2021 4.7% -8.4% 12.4% 56.41%
2020 N/A -9.6% 325.6% N/A
2019 N/A 0.9% 19.4% N/A

BKHY - Holdings

Concentration Analysis

BKHY Category Low Category High BKHY % Rank
Net Assets 282 M 1.45 M 23.6 B 67.88%
Number of Holdings 1880 2 2736 0.79%
Net Assets in Top 10 23.2 M -492 M 4.55 B 79.33%
Weighting of Top 10 8.23% 4.2% 146.9% 88.71%

Top 10 Holdings

  1. DREY INST PREF GOV MM-M 4.61%
  2. Dreyfus Institutional Preferred Government Money Market Fund 1.12%
  3. TransDigm Inc 0.36%
  4. Medline Borrower LP 0.35%
  5. Directv Financing LLC / Directv Financing Co-Obligor Inc 0.32%
  6. CCO Holdings LLC / CCO Holdings Capital Corp 0.31%
  7. Neptune Bidco US Inc 0.30%
  8. Cloud Software Group Inc 0.30%
  9. DISH Network Corp 0.29%
  10. Cloud Software Group Inc 0.27%

Asset Allocation

Weighting Return Low Return High BKHY % Rank
Bonds
98.06% -3.13% 154.38% 10.28%
Cash
5.73% -52.00% 48.07% 31.96%
Convertible Bonds
1.06% 0.00% 17.89% 50.40%
Other
0.00% -63.70% 102.57% 40.86%
Stocks
0.00% 0.00% 99.54% 94.62%
Preferred Stocks
0.00% 0.00% 7.88% 85.37%

Bond Sector Breakdown

Weighting Return Low Return High BKHY % Rank
Corporate
98.02% 0.00% 100.00% 15.58%
Cash & Equivalents
5.73% 0.00% 48.07% 29.09%
Securitized
0.56% 0.00% 97.24% 27.66%
Derivative
0.00% -15.04% 42.26% 30.84%
Municipal
0.00% 0.00% 1.17% 80.13%
Government
0.00% 0.00% 99.07% 86.33%

Bond Geographic Breakdown

Weighting Return Low Return High BKHY % Rank
US
98.06% -3.13% 129.21% 5.25%
Non US
0.00% 0.00% 98.19% 86.65%

BKHY - Expenses

Operational Fees

BKHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.22% 0.02% 38.33% 98.73%
Management Fee 0.22% 0.00% 1.84% 2.06%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

BKHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BKHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BKHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 1.00% 255.00% N/A

BKHY - Distributions

Dividend Yield Analysis

BKHY Category Low Category High BKHY % Rank
Dividend Yield 7.66% 0.00% 11.65% 1.74%

Dividend Distribution Analysis

BKHY Category Low Category High Category Mod
Dividend Distribution Frequency None SemiAnnual Monthly Monthly

Net Income Ratio Analysis

BKHY Category Low Category High BKHY % Rank
Net Income Ratio 4.98% -2.39% 14.30% 20.71%

Capital Gain Distribution Analysis

BKHY Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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BKHY - Fund Manager Analysis

Managers

Stephanie Shu


Start Date

Tenure

Tenure Rank

Apr 22, 2020

2.11

2.1%

Ms. Shu has been in the investment industry since 1997. Prior to joining the firm in 2000, Ms. Shu managed a staff of 15 responsible for financial risk analytics development at Gifford Fong Associates. Ms. Shu is a member of CFA Institute. Ms. Shu earned an MS in finance and mathematics from Texas A&M University. Stephanie Shu is a Director, Senior Portfolio Manager, Fixed Income team at Mellon Capital. Mrs. Shu joined Mellon Capital in 2001 and is responsible for the management of domestic and international portfolios. Prior experience includes management of Emerging Market Local Debt ETFs, Fixed Income Active portfolios and Fixed Income Hedge Funds as well as custom strategy analysis and design.

Manuel Hayes


Start Date

Tenure

Tenure Rank

Apr 22, 2020

2.11

2.1%

Manuel Hayes is Director, Senior Portfolio Manager at BNY Mellon ETF Investment Adviser, LLC. He has been employed by Mellon or a predecessor company of Mellon since 2009.

Paul Benson


Start Date

Tenure

Tenure Rank

Apr 22, 2020

2.11

2.1%

Paul Benson is the Managing Director, Head of Fixed Income Portfolio Management at Mellon. Mr. Benson joined Mellon in 2005 and was previously a Senior Portfolio Manager, responsible for the Yield Curve Arbitrage strategy within Global Asset Allocation portfolios. Prior experience includes analyzing and managing U.S. and Global Fixed Income active portfolios as well as market-making and proprietary trading with a focus on interest rate swaps and JPN Government Bonds. Mr. Benson attained the Chartered Financial Analyst (“CFA”) and Chartered Alternative Investment Analyst (“CAIA”) designations. Mr. Benson graduated with a B.A. from the University of Michigan. He has over 21 years of investment experience.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.21 8.17