BNY Mellon Ultra Short Income ETF (BKUI)
- CUSIP 09661T859
- NAV $ 49.44 As of 05/08/24
- CHG $ 0.01 (0.02 %)
- MKT PRICE $49.45 As of 05/08/24
- CHG $-0.01 (-0.02 %)
- TOT EXPENSE RATIO 0.12%
Why invest in this Fund?
- The fund aims to provide high current income while also seeking to provide low volatility and maintenance of liquidity.
- The fund may be appropriate for investors looking for more attractive yields than money market vehicles1 while also focusing on mitigating downside risk.
- Experienced cash management team focuses on total return with active risk management.
- Liquid ETF structure allows investors to buy or sell any time the market is open.
Yields and Expense Ratio
30-DAY SEC YIELD as of 05/08/24 SUBSIDIZED |
UNSUBSIDIZED |
CURRENT YIELD as of 05/08/24 |
CONTRACTUAL FEE WAIVER END DATE |
PROSPECTUS FEE TABLE EXPENSE RATIO (%) as of 11/01/23 NET |
GROSS |
---|---|---|---|---|---|
5.39 | 5.39 | 5.17 | - | 0.12 | 0.12 |
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.
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
-
Stephen Murphy, CFA
Senior Portfolio Manager, Dreyfus
Managing Fund Since 2021
Joined Firm in 1996
Joined Industry in 1996
-
Anthony Honko
Portfolio Manager, Dreyfus
Managing Fund Since 2021
Joined Firm in 2007
Joined Industry in 1998
Daily Statistics
As of 05/08/24 NAME |
30-DAY MEDIAN BID/ASK SPREAD |
PREVIOUS DAY VOLUME |
20-DAY AVG VOLUME |
PREMIUM/ DISCOUNT |
YTD Total Return (NAV) |
---|---|---|---|---|---|
BNY Mellon Ultra Short Income ETF
|
0.02% | 9,930 | 7,431 | 0.02% | 1.64% |
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
Month End
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 Ultra Short Income ETF
BKUI |
0.93 | 1.40 | 5.54 | - | - | - | 2.48 |
ICE BofA 3-Month U.S. Treasury Bill Index
|
1.29 | 1.73 | 5.36 | 2.73 | 2.07 | 1.42 | - |
Quarter End
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 Ultra Short Income ETF
BKUI |
1.15 | 1.15 | 5.90 | - | - | - | 2.46 |
ICE BofA 3-Month U.S. Treasury Bill Index
|
1.29 | 1.29 | 5.24 | 2.58 | 2.02 | 1.38 | - |
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 ICE BofA 3-Month U.S. Treasury Bill Index is comprised of a single issue purchased at the beginning of the month and held for a full month. At the end of the month that issue is sold and rolled into a newly selected issue. The issue selected at each month-end rebalancing is the outstanding Treasury bill that matures closest to, but not beyond, three months from the rebalancing date. To qualify for selection, an issue must have settled on or before the month-end rebalancing date. 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 05/08/24 | Calendar Year 2023 | Q1 2024 |
---|---|---|
Days Traded at Premium
|
87 | 55 |
Days Traded at Discount
|
168 | 7 |
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
Prospectus Fee Table Expense Ratios
Fees as stated in the prospectus Fee Description | Total Expense Ratio (%) |
---|---|
Management Fee | 0.12% |
Other Expenses | 0.00% |
Total Expenses | 0.12% |
Net Expenses | 0.12% |
The Total Expenses is the actual fund expense ratio applicable to investors.
Portfolio Manager/Sub-Investment Adviser
Top Holdings
Holdings | % Portfolio Weight |
---|---|
US TREASURY N 4.875 11/25 | 3.37 |
Oversea-Chines 06/21/2024 | 3.35 |
US TREASURY N/ 3.125 8/25 | 3.29 |
UNITED OVERSEAS FRN 09/24 | 2.70 |
STARBIRD FDG C 06/18/2024 | 2.68 |
SWEDBANK FOREN 07/17/2024 | 2.67 |
NATIXIS DISC C 08/05/2024 | 2.66 |
MACQUARIE BK L 09/16/2024 | 2.64 |
DNB Bank 0% CP 04/25 | 2.57 |
OLD LIN CP FRN 08/24 | 2.49 |
COMMONWEALTH B 10/16/2024 | 2.11 |
US BANCORP 1.45 5/25 | 2.07 |
METLIFE FRN CP 08/24 | 2.02 |
SVENSKA HANDEL 06/03/2024 | 2.01 |
STANDARD CHART 10/01/2024 | 1.98 |
TORONTO-DOMINION 0% 04/25 | 1.93 |
WESTPAC BANK CP 0% 03/25 | 1.93 |
Canadian Imper 04/03/2025 | 1.93 |
NATIONAL BK CD 04/01/2025 | 1.93 |
BANK MONTREAL 09/04/2024 | 1.85 |
CREDIT INDUSTR 02/06/2025 | 1.68 |
ING US FDG LLC 06/03/2024 | 1.34 |
DNB NORBANK AS 06/20/2024 | 1.34 |
ATLANTIC ASSET 07/10/2024 | 1.34 |
LIBERTY STR FD 09/23/2024 | 1.32 |
CREDIT INDUSTR 10/09/2024 | 1.32 |
Societe Genera 04/11/2025 | 1.28 |
WELLS FARGO BAN 5.55 8/25 | 1.01 |
CATERPILLAR FRN 5/27 | 1.01 |
BANK NOVA SCOT 5.35 12/26 | 1.01 |
CHARIOT FUNDING FRN 10/24 | 1.01 |
HOME DEPOT INC 4 9/25 | 1.00 |
GOLDMAN SACHS G FRN 12/26 | 0.98 |
SWEDBANK CP 3/13/25 | 0.97 |
COMCAST CORP 2.35 1/27 | 0.94 |
AMERICAN EXPRES 2.55 3/27 | 0.94 |
AT&T INC 4.25 3/27 | 0.92 |
SIMON PROP GP 1.375 1/27 | 0.89 |
ROCHE HLDGS INC FRN 11/26 | 0.88 |
TARGET CORP 1.95 1/27 | 0.88 |
CIGNA GROUP/TH 5.685 3/26 | 0.88 |
BMW US CAP LLC 4.9 4/27 | 0.81 |
ING GROEP NV 3.95 3/27 | 0.78 |
MORGAN STANLEY FRN 10/26 | 0.68 |
ING US FDG LLC 09/05/2024 | 0.66 |
Westpac Bankin 11/14/2024 | 0.66 |
HSBC FRN 6/24 | 0.62 |
SVENSKA HANDEL 09/18/2024 | 0.56 |
CAN IMPERIAL BK FRN 10/26 | 0.51 |
CHARLES SCHWAB 5.875 8/26 | 0.48 |
BANK OF MONTREAL FRN 6/25 | 0.48 |
STATE STREET CRP FRN 8/26 | 0.48 |
STANDARD CHART FRN 3/26 | 0.48 |
COM BK AUSTRALIA FRN 3/26 | 0.47 |
MITSUB UFJ FIN FRN 9/25 | 0.47 |
TORONTO BK FRN CP 10/24 | 0.47 |
NATWEST MARKETS FRN 8/24 | 0.47 |
NATL AUSTRALIA 1.887 1/27 | 0.47 |
ABBVIE INC 2.95 11/26 | 0.45 |
SUMITOMO TR&BK 5.65 9/26 | 0.44 |
MERCEDES-BNZ FIN 5.2 8/26 | 0.44 |
JP MORGAN CHAS 5.11 12/26 | 0.44 |
BANK OF MONTR 5.266 12/26 | 0.44 |
DREYFUS INSTITUTIONAL PRE | 0.44 |
JOHN DEERE CAP 1.7 1/27 | 0.43 |
DAIMLER FINANCE 3.45 1/27 | 0.42 |
PNC FINANCIAL 2.6 7/26 | 0.41 |
US BANCORP 2.375 7/26 | 0.41 |
SUMITOMO TR&BK FRN 3/26 | 0.41 |
CITIGROUP INC FRN 3/26 | 0.41 |
JPMORGAN CHASE FRN 4/26 | 0.41 |
BANK OF AMERIC 5.526 8/26 | 0.41 |
BANK NOVA SCOTIA FRN 1/25 | 0.41 |
ANZ NZ INTL/LDN FRN 2/25 | 0.41 |
ROYAL BK CANADA FRN 1/25 | 0.41 |
SUMITOMO TR&BK FRN 9/24 | 0.40 |
TORONTO DOM BANK FRN 9/24 | 0.40 |
BMW US CAP LLC FRN 8/24 | 0.40 |
NATL AUSTRALIABK FRN 1/25 | 0.40 |
TOYOTA MTR CRED FRN 1/25 | 0.40 |
WESTPAC BANKING FRN 11/24 | 0.40 |
CHARLES SCHWAB FRN 5/26 | 0.40 |
NATL BANK CANAD 5.25 1/25 | 0.40 |
JOHN DEERE CAP 4.8 1/26 | 0.40 |
SALESFORCE.COM 0.625 7/24 | 0.40 |
WALMART INC 3.9 9/25 | 0.40 |
IBM CORP 4 7/25 | 0.40 |
PACCAR FINL COR 3.55 8/25 | 0.40 |
INTEL CORP 3.7 7/25 | 0.40 |
WELLS FARGO CO 3 2/25 | 0.40 |
KEY BANK NA 4.7 1/26 | 0.40 |
MANUF & TRADERS 4.65 1/26 | 0.40 |
BP CAP MKTS AME 3.41 2/26 | 0.39 |
SHIRE ACQ INV IE 3.2 9/26 | 0.39 |
CVS HEALTH CORP 3 8/26 | 0.38 |
ORACLE CORP 2.65 7/26 | 0.38 |
PRUDENTIAL FIN 1.5 3/26 | 0.38 |
AMERICAN HONDA F 1.3 9/26 | 0.37 |
SUMITOMO MITSU 1.402 9/26 | 0.37 |
CAN IMPERIAL B 3.945 8/25 | 0.36 |
AMERICAN EXPRESS FRN 2/26 | 0.34 |
GEN MOTORS FIN 5.4 4/26 | 0.34 |
PFIZER INVSTMNT 4.45 5/26 | 0.33 |
OLD LINE 0% CP 10/24 | 0.33 |
STATE STREET C 5.272 8/26 | 0.30 |
NATWEST MARKETS 1.6 9/26 | 0.28 |
TORONTO DOM BA 5.532 7/26 | 0.27 |
TRUIST FINANCIAL FRN 6/25 | 0.27 |
HAROT 2021-3 A3 11/25 | 0.15 |
STATE STREET CO 3.55 8/25 | 0.13 |
WOLS 2022-A A3 2/25 | 0.11 |
Net Current Assets | -0.54 |
% Portfolio Weight is calculated using the closing market price of each security from the prior business day.
Asset Allocation
Main Risks
NAV) of $1.00 per share. The fund's NAV and market value will fluctuate every day and these fluctuations may be significant on certain days. Also, the fund is not subject to the liquidity requirements and investment and credit quality restrictions applicable to money market funds. There can be no guarantee that the fund will generate higher returns than money market funds.
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.
Commercial paper is a short-term obligation with a maturity generally ranging from one to 270 days and is issued by U.S. or foreign companies or other entities in order to finance their current operations. Such investments are unsecured and usually discounted from their value at maturity.
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.
Please refer to the prospectus for a more complete discussion of the fund's main risks.
Dividend Schedule
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 | 0.2048 | 0.0000 | 0.0000 | 0.0000 | 0.2048 |
(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 | 0.2119 | 0.0000 | 0.0000 | 0.0000 | 0.2119 |
03/01/24 | 03/04/24 | 03/07/24 | 0.2013 | 0.0000 | 0.0000 | 0.0000 | 0.2013 |
02/01/24 | 02/02/24 | 02/07/24 | 0.2055 | 0.0000 | 0.0000 | 0.0000 | 0.2055 |
12/27/23 | 12/28/23 | 01/03/24 | 0.1411 | 0.0000 | 0.0000 | 0.0000 | 0.1411 |
12/01/23 | 12/04/23 | 12/07/23 | 0.1860 | 0.0000 | 0.0000 | 0.0000 | 0.1860 |
11/01/23 | 11/02/23 | 11/07/23 | 0.2065 | 0.0000 | 0.0000 | 0.0000 | 0.2065 |
10/02/23 | 10/03/23 | 10/06/23 | 0.1861 | 0.0000 | 0.0000 | 0.0000 | 0.1861 |
09/01/23 | 09/05/23 | 09/08/23 | 0.1985 | 0.0000 | 0.0000 | 0.0000 | 0.1985 |
08/01/23 | 08/02/23 | 08/07/23 | 0.1915 | 0.0000 | 0.0000 | 0.0000 | 0.1915 |
07/03/23 | 07/05/23 | 07/10/23 | 0.1885 | 0.0000 | 0.0000 | 0.0000 | 0.1885 |
06/01/23 | 06/02/23 | 06/07/23 | 0.1957 | 0.0000 | 0.0000 | 0.0000 | 0.1957 |
05/01/23 | 05/02/23 | 05/05/23 | 0.1542 | 0.0000 | 0.0000 | 0.0000 | 0.1542 |
See all rows... |
Literature
PRODUCT INFORMATION
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BNY Mellon Ultra Short Income ETF - Presentation | Download | Share |
Prospectus and Reports
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