BNY Mellon Ultra Short Income ETF (BKUI)

    • CUSIP 09661T859
    • NAV  $ 49.61 As of  07/17/24
    • CHG  $ 0.00 (0.00 %)
    • MKT PRICE  $49.62 As of  07/17/24
    • CHG  $0.00 (0.00 %)
    • 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.
    INCEPTION DATE
    08/09/21
    NET ASSETS
    $74,416,836  As of  07/17/24
    NUMBER OF SHARES OUTSTANDING
    1,500,001  As of  07/17/24
    MARKET PRICE 52-WEEK HIGH
    $49.69  As of  01/31/24
    MARKET PRICE 52-WEEK LOW
    $49.01  As of  10/03/23
    AVG EFFECTIVE DURATION
    0.69 yr(s). As of  06/30/24
    WEIGHTED AVG YIELD TO MATURITY
    5.39% As of  06/30/24
    WEIGHTED AVG MATURITY
    1.08 yr(s). As of  06/30/24
    DISTRIBUTION FREQUENCY
    Monthly
    Morningstar Category
    Ultrashort Bond
    Number of Holdings
    114 As of  06/30/24
    SUB-ASSET CLASS
    Taxable
    EXCHANGE
    NYSE-Arca

    Yields and Expense Ratio

    30-DAY SEC YIELD
    as of 07/17/24
     SUBSIDIZED
    UNSUBSIDIZED CURRENT YIELD
    as of  07/17/24
    CONTRACTUAL
    FEE WAIVER END DATE
    PROSPECTUS FEE TABLE EXPENSE RATIO (%)
    as of  11/01/23
    NET
    GROSS
    5.34 5.34 5.24 - 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.

    \

    Portfolio Managers

    • Stephen Murphy

      Stephen Murphy, CFA

      Senior Portfolio Manager, Dreyfus

      Managing Fund Since 2021

      Joined Firm in 1996

      Joined Industry in 1996

    • Anthony  Honko

      Anthony Honko

      Portfolio Manager, Dreyfus

      Managing Fund Since 2021

      Joined Firm in 2007

      Joined Industry in 1998

    Daily Statistics

    As of  07/17/24 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% 507 6,632 0.01% 2.86%

    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 
    MARKET PRICE
    Average Annual
    As of 06/30/24
    Name 3 MO
    06/30/24
    YTD
    06/30/24
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Ultra Short Income ETF
    BKUI
    1.21 2.38 5.77 - - - 2.67
    ICE BofA 3-Month U.S. Treasury Bill Index
    1.32 2.63 5.40 3.03 2.16 1.51 -
    Bloomberg U.S. Aggregate Bond Index
    0.07 -0.71 2.63 -3.02 -0.23 1.35 -
    MARKET PRICE
    Average Annual
    As of 06/30/24
    Name 3 MO
    06/30/24
    YTD
    06/30/24
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Ultra Short Income ETF
    BKUI
    1.21 2.38 5.77 - - - 2.67
    ICE BofA 3-Month U.S. Treasury Bill Index
    1.32 2.63 5.40 3.03 2.16 1.51 -
    Bloomberg U.S. Aggregate Bond Index
    0.07 -0.71 2.63 -3.02 -0.23 1.35 -

    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.

    The Bloomberg U.S. Aggregate Total Return Index is designed to measure the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, mortgage-backed pass-through securities (agency fixed-rate), commercial mortgage-backed securities (agency and non-agency) and other asset-backed securities having at least one year until final maturity. To be included in the index, securities must be rated investment grade (Baa3/BBB-/BBB- or higher) using the middle rating of Moody?s, S&P and Fitch. Investors cannot invest directly in an 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  07/17/24 Calendar Year 2023 Q1 2024 Q2 2024
      Days Traded at Premium
      87 55 54
      Days Traded at Discount
      168 7 8

      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

      The fund's investment adviser is BNY Mellon ETF Investment Adviser, LLC, and the fund's sub-adviser is Dreyfus, a division of Mellon Investments Corporation (Mellon), which is an affiliate of the Adviser. Stephen Murphy and Anthony Honko are the fund's primary portfolio managers. Each portfolio manager has been a primary portfolio manager of the fund since its inception in August 2021. MrMurphy is Vice President and Senior Portfolio Manager at Mellon. Mr. Honko is Vice President and Portfolio Manager at Mellon. Each portfolio manager is jointly and primarily responsible for the day-today management of the fund's portfolio.

      Top Holdings

      As of 07/18/24
      Holdings % Portfolio Weight
      UNITED OVERSEAS FRN 09/24 2.69
      NATIXIS DISC C 08/05/2024 2.68
      MACQUARIE BK L 09/16/2024 2.66
      MANHATTAN ASSE 12/06/2024 2.63
      DNB Bank 0% CP 04/25 2.59
      US TREASURY N/ 3.125 8/25 2.31
      CHARIOT FUND FRN 01/25 2.15
      COMMONWEALTH B 10/16/2024 2.12
      US BANCORP 1.45 5/25 2.08
      US TREASURY N 4.875 11/25 2.02
      HSBC FRN 06/25 2.02
      METLIFE FRN CP 08/24 2.02
      STANDARD CHART 10/01/2024 1.99
      WESTPAC BANK CP 0% 03/25 1.94
      Canadian Imper 04/03/2025 1.94
      TORONTO-DOMINION 0% 04/25 1.94
      NATIONAL BK CD 04/01/2025 1.94
      DREYFUS INSTITUTIONAL PRE 1.88
      BANK MONTREAL 09/04/2024 1.87
      CREDIT INDUSTR 02/06/2025 1.69
      OLD LINE FUND FRN 01/25 1.61
      LMA S A / LMA 01/28/2025 1.57
      FAIRWAY FINANCE FRN 11/24 1.34
      LIBERTY STR FD 09/23/2024 1.33
      CREDIT INDUSTR 10/09/2024 1.33
      Societe Genera 04/11/2025 1.29
      BARCLAYS PLC FRN 9/27 1.03
      BANK NOVA SCOT 5.35 12/26 1.02
      WELLS FARGO BAN 5.55 8/25 1.01
      TOYOTA MTR CRED FRN 3/27 1.01
      NATL BANK CANADA FRN 7/27 1.01
      CATERPILLAR FINL FRN 5/27 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
      AMERICAN EXPRES 2.55 3/27 0.95
      COMCAST CORP 2.35 1/27 0.95
      CITIGROUP INC FRN 6/27 0.94
      WESTPAC BANKING FRN 6/26 0.94
      AT&T INC 4.25 3/27 0.93
      SIMON PROP GP 1.375 1/27 0.90
      TARGET CORP 1.95 1/27 0.88
      ROYAL BK CANADA FRN 1/27 0.88
      ROCHE HLDGS INC FRN 11/26 0.88
      CIGNA GROUP/TH 5.685 3/26 0.87
      BMW US CAP LLC 4.9 4/27 0.81
      ING GROEP NV 3.95 3/27 0.79
      T-MOBILE USA IN 3.75 4/27 0.78
      MORGAN STANLEY FRN 10/26 0.68
      NATWEST MARKETS FRN 5/27 0.67
      ING US FDG LLC 09/05/2024 0.67
      Westpac Bankin 11/14/2024 0.66
      SVENSKA HANDEL 09/18/2024 0.57
      STANDARD CHART FRN 7/27 0.55
      CAN IMPERIAL BK FRN 10/26 0.51
      Net Current Assets 0.51
      CHARLES SCHWAB 5.875 8/26 0.48
      GEN MOTORS FIN FRN 5/27 0.47
      STANDARD CHART FRN 3/26 0.47
      BANK OF MONTREAL FRN 6/25 0.47
      STATE STREET CRP FRN 8/26 0.47
      COM BK AUSTRALIA FRN 3/26 0.47
      MITSUB UFJ FIN FRN 9/25 0.47
      TORONTO BK FRN CP 10/24 0.47
      NATL AUSTRALIA 1.887 1/27 0.47
      NATWEST MARKETS FRN 8/24 0.47
      ABBVIE INC 2.95 11/26 0.45
      SUMITOMO TR&BK 5.65 9/26 0.44
      BANK OF MONTR 5.266 12/26 0.44
      MERCEDES-BNZ FIN 5.2 8/26 0.44
      JP MORGAN CHAS 5.11 12/26 0.44
      JOHN DEERE CAP 1.7 1/27 0.44
      DAIMLER FINANCE 3.45 1/27 0.42
      PNC FINANCIAL 2.6 7/26 0.42
      US BANCORP 2.375 7/26 0.42
      BANK OF AMERIC 5.526 8/26 0.41
      SUMITOMO TR&BK FRN 3/26 0.41
      CITIGROUP INC FRN 3/26 0.41
      JPMORGAN CHASE FRN 4/26 0.41
      ANZ NZ INTL/LDN FRN 2/25 0.40
      BANK NOVA SCOTIA FRN 1/25 0.40
      NATL AUSTRALIABK FRN 1/25 0.40
      TOYOTA MTR CRED FRN 1/25 0.40
      SUMITOMO TR&BK FRN 9/24 0.40
      TORONTO DOM BANK FRN 9/24 0.40
      WESTPAC BANKING FRN 11/24 0.40
      BMW US CAP LLC FRN 8/24 0.40
      CHARLES SCHWAB FRN 5/26 0.40
      ROYAL BK CANADA FRN 1/25 0.40
      JOHN DEERE CAP 4.8 1/26 0.40
      NATL BANK CANAD 5.25 1/25 0.40
      WALMART INC 3.9 9/25 0.40
      IBM CORP 4 7/25 0.40
      MANUF & TRADERS 4.65 1/26 0.40
      KEY BANK NA 4.7 1/26 0.40
      WELLS FARGO CO 3 2/25 0.40
      PACCAR FINL COR 3.55 8/25 0.40
      INTEL CORP 3.7 7/25 0.40
      BP CAP MKTS AME 3.41 2/26 0.39
      CVS HEALTH CORP 3 8/26 0.39
      ORACLE CORP 2.65 7/26 0.39
      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
      STATE STREET CO 3.55 8/25 0.13
      HAROT 2021-3 A3 11/25 0.12
      SHIRE ACQ INV IE 3.2 9/26 0.01

      % 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

          Main Risks

          The fund is not a money market fund. The fund does not seek to maintain a stable net asset value (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

          Declared
          Monthly
          Distributed
          Monthly
          Paid
          Monthly
          Fiscal Year End
          Jun 30

          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
          07/01/24 07/01/24 07/05/24 0.1988 0.0000 0.0000 0.0000 0.1988
          (Values Listed In $)EX DATE RECORD DATE PAYABLE DATE DIVIDEND INCOME SHORT-TERM 
          CAPITAL GAIN
          LONG-TERM 
          CAPITAL GAIN
          RETURN OF CAPITAL TOTAL DISTRIBUTION
          06/03/24 06/03/24 06/06/24 0.2206 0.0000 0.0000 0.0000 0.2206
          05/01/24 05/02/24 05/07/24 0.2048 0.0000 0.0000 0.0000 0.2048
          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
          04/03/23 04/04/23 04/10/23 0.1718 0.0000 0.0000 0.0000 0.1718
          03/01/23 03/02/23 03/07/23 0.1523 0.0000 0.0000 0.0000 0.1523
          02/01/23 02/02/23 02/07/23 0.1485 0.0000 0.0000 0.0000 0.1485
          12/28/22 12/29/22 01/04/23 0.1604 0.0000 0.0000 0.0000 0.1604
          12/01/22 12/02/22 12/07/22 0.1450 0.0000 0.0000 0.0000 0.1450
          11/01/22 11/02/22 11/07/22 0.1193 0.0000 0.0000 0.0000 0.1193
          10/03/22 10/04/22 10/07/22 0.0971 0.0000 0.0000 0.0000 0.0971
          09/01/22 09/02/22 09/08/22 0.0992 0.0000 0.0000 0.0000 0.0992
          08/01/22 08/02/22 08/05/22 0.0560 0.0000 0.0000 0.0000 0.0560
          07/01/22 07/05/22 07/08/22 0.0500 0.0000 0.0000 0.0000 0.0500
          06/01/22 06/02/22 06/07/22 0.0437 0.0000 0.0000 0.0000 0.0437
          05/02/22 05/03/22 05/06/22 0.0339 0.0000 0.0000 0.0000 0.0339
          04/01/22 04/04/22 04/07/22 0.0313 0.0000 0.0000 0.0000 0.0313
          03/01/22 03/02/22 03/07/22 0.0233 0.0000 0.0000 0.0000 0.0233
          02/01/22 02/02/22 02/07/22 0.0270 0.0000 0.0000 0.0000 0.0270
          12/29/21 12/30/21 01/04/22 0.0313 0.0000 0.0000 0.0000 0.0313
          12/01/21 12/02/21 12/07/21 0.0262 0.0000 0.0000 0.0000 0.0262
          11/01/21 11/02/21 11/05/21 0.0179 0.0000 0.0000 0.0000 0.0179
          10/01/21 10/04/21 10/07/21 0.0198 0.0000 0.0000 0.0000 0.0198
          09/01/21 09/02/21 09/08/21 0.0125 0.0000 0.0000 0.0000 0.0125
          See all rows...

          Literature

          PRODUCT INFORMATION

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          BNY Mellon Ultra Short Income ETF - Presentation 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

          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.