BNY Mellon High Yield Beta ETF
Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.1%
1 yr return
8.4%
3 Yr Avg Return
1.2%
5 Yr Avg Return
N/A
Net Assets
$282 M
Holdings in Top 10
8.2%
52 WEEK LOW AND HIGH
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 04/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
BKHY - Profile
Distributions
- YTD Total Return 0.1%
- 3 Yr Annualized Total Return 1.2%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.98%
- Dividend Yield 7.3%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBNY Mellon High Yield Beta ETF
-
Fund Family NameBNY Mellon
-
Inception DateApr 22, 2020
-
Shares Outstanding900000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerStephanie Shu
Fund Description
The fund uses a rules-based, systematic investment strategy that seeks to track an index designed to measure the performance of the high yield bond market. To pursue its goal, the fund normally invests substantially all of its assets in bonds comprising the Bloomberg US Corporate High Yield Total Return Index (index). The fund may also invest in derivatives with economic characteristics similar to such bonds or the index. The fund's derivatives investments may include credit default swap indexes, total return swaps, structured notes and futures. 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 considers high yield securities to be securities with ratings that qualify for inclusion in the index.
TheBloomberg USCorporate HighYield TotalReturn Indexis designedto measue the U.S.dollar-denominated, highyield(junk),fixed-rate, taxablecorporatebond maket. Bonds includedinthe indexmust have$150 millionor moe par amountoutstanding andat leastone yeauntil finalmaturity. Bondsare classified ashighyield ifthe middlerating of Moody’s, Fitchand
S&P isBa1/BB+/BB+ obelow. Whenaratingfrom onlytwo agenciesis available,thelower isused; whenonly oneagency ratesabond,that ratingis used.In caseswhere explicitbond levelratingsmay note available,the indexprovider mayuse othesources toclassify securitiesy ceditquality.The indexmay includeU.S. dollar-denominated bondsissued yforeign issuers. Securities inthe indexare updatedon thelastbusinessday ofeach month.The fundseeks tomaintainadollar-weighted averagematurityconsistent withthat ofthe index.As ofDecember 31,2023, theindex was comprisedofapproximately 1,920securitiesandhad adollar-weighted averagematurityof 4.89 years.
Under normalcicumstances, in seekingto tracktheindex's peformance,the fund generallypurchases aepresentative sampleofthe securitiescomprisingthe index.Byusingasampling pocess,the fund typicallywill notinvest in allofthe securitiesin theindex. Thefund mayalsofully eplicate theindexwhen determinedtobe in thebestinterest ofthefund in pursuingitsobjective.
In seekingtotrack theindex,the fund'sassets maybeconcentrated in i.e.,moethan 25% ofthefund’s assetsinvested in)anindustry orgoup ofindustries,butonlyto theextentthat theindexconcentrates in apaticular industyor goupofindustries. Asof December31, 2023, 21.8% oftheindexconsistedofsecurities ofissuersin the Consumer Cyclical industry.
Thefund isclassifiedasdiversifiedunder theInvestment CompanyActof1940, asamended(1940Act); however, the fund maybecomenon-diversified solelyasaresult ofchangesin thecompositionoftheindex(e.g., changesin weightings ofoneor moecomponent securities).When thefund isnon-diversified,itmayinvest aelatively highpecentage ofitsassetsin alimitednumber ofissuers.
BKHY - Performance
Return Ranking - Trailing
Period | BKHY Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.1% | -7.2% | 5.7% | 53.92% |
1 Yr | 8.4% | -8.9% | 16.0% | 36.95% |
3 Yr | 1.2%* | -16.5% | 19.9% | 42.79% |
5 Yr | N/A* | -11.8% | 36.4% | 9.85% |
10 Yr | N/A* | -4.8% | 19.3% | 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% | 91.26% |
2022 | -16.4% | -33.4% | 3.6% | 67.24% |
2021 | -2.0% | -8.4% | 14.9% | 90.00% |
2020 | N/A | -13.9% | 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 | 0.1% | -7.2% | 5.7% | 53.92% |
1 Yr | 8.4% | -8.9% | 16.0% | 36.95% |
3 Yr | 1.2%* | -16.5% | 19.9% | 42.79% |
5 Yr | N/A* | -11.8% | 36.4% | N/A |
10 Yr | N/A* | -4.8% | 19.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | BKHY Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.4% | -4.7% | 18.2% | 41.97% |
2022 | -11.0% | -33.4% | 47.8% | 56.69% |
2021 | 4.7% | -8.4% | 24.8% | 56.72% |
2020 | N/A | -9.6% | 325.6% | N/A |
2019 | N/A | 0.9% | 21.5% | N/A |
BKHY - Holdings
Concentration Analysis
BKHY | Category Low | Category High | BKHY % Rank | |
---|---|---|---|---|
Net Assets | 282 M | 1.45 M | 23.6 B | 67.03% |
Number of Holdings | 1880 | 2 | 2736 | 0.77% |
Net Assets in Top 10 | 23.2 M | -492 M | 4.45 B | 78.33% |
Weighting of Top 10 | 8.23% | 4.2% | 146.9% | 89.01% |
Top 10 Holdings
- DREY INST PREF GOV MM-M 4.61%
- Dreyfus Institutional Preferred Government Money Market Fund 1.12%
- TransDigm Inc 0.36%
- Medline Borrower LP 0.35%
- Directv Financing LLC / Directv Financing Co-Obligor Inc 0.32%
- CCO Holdings LLC / CCO Holdings Capital Corp 0.31%
- Neptune Bidco US Inc 0.30%
- Cloud Software Group Inc 0.30%
- DISH Network Corp 0.29%
- Cloud Software Group Inc 0.27%
Asset Allocation
Weighting | Return Low | Return High | BKHY % Rank | |
---|---|---|---|---|
Bonds | 98.06% | -3.13% | 154.38% | 8.01% |
Cash | 5.73% | -52.00% | 48.07% | 30.50% |
Convertible Bonds | 1.06% | 0.00% | 17.89% | 49.69% |
Other | 0.00% | -63.70% | 102.57% | 43.03% |
Stocks | 0.00% | 0.00% | 99.54% | 98.15% |
Preferred Stocks | 0.00% | 0.00% | 7.88% | 94.74% |
Bond Sector Breakdown
Weighting | Return Low | Return High | BKHY % Rank | |
---|---|---|---|---|
Corporate | 98.02% | 0.00% | 129.69% | 15.35% |
Cash & Equivalents | 5.73% | 0.00% | 48.07% | 26.63% |
Securitized | 0.56% | 0.00% | 97.24% | 27.44% |
Derivative | 0.00% | -15.04% | 42.26% | 32.97% |
Municipal | 0.00% | 0.00% | 4.66% | 91.94% |
Government | 0.00% | 0.00% | 99.07% | 93.64% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | BKHY % Rank | |
---|---|---|---|---|
US | 98.06% | -3.13% | 129.21% | 5.73% |
Non US | 0.00% | 0.00% | 98.19% | 94.12% |
BKHY - Expenses
Operational Fees
BKHY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.22% | 0.04% | 31.61% | 98.76% |
Management Fee | 0.22% | 0.00% | 1.84% | 2.01% |
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 | 7.32% | 0.00% | 11.76% | 1.85% |
Dividend Distribution Analysis
BKHY | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
BKHY | Category Low | Category High | BKHY % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.98% | -2.39% | 14.30% | 21.42% |
Capital Gain Distribution Analysis
BKHY | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 05, 2024 | $0.302 | OrdinaryDividend |
Mar 07, 2024 | $0.284 | OrdinaryDividend |
Feb 07, 2024 | $0.245 | OrdinaryDividend |
Jan 03, 2024 | $0.207 | OrdinaryDividend |
Dec 07, 2023 | $0.264 | OrdinaryDividend |
Nov 07, 2023 | $0.351 | OrdinaryDividend |
Oct 06, 2023 | $0.432 | OrdinaryDividend |
Sep 08, 2023 | $0.289 | OrdinaryDividend |
Aug 07, 2023 | $0.287 | OrdinaryDividend |
Jul 10, 2023 | $0.276 | OrdinaryDividend |
Jun 07, 2023 | $0.883 | OrdinaryDividend |
May 05, 2023 | $0.306 | OrdinaryDividend |
Apr 10, 2023 | $0.306 | OrdinaryDividend |
Mar 07, 2023 | $0.261 | OrdinaryDividend |
Feb 07, 2023 | $0.244 | OrdinaryDividend |
Jan 04, 2023 | $0.280 | OrdinaryDividend |
Dec 07, 2022 | $0.314 | OrdinaryDividend |
Nov 07, 2022 | $0.221 | OrdinaryDividend |
Oct 07, 2022 | $0.295 | OrdinaryDividend |
Sep 08, 2022 | $0.284 | OrdinaryDividend |
Aug 05, 2022 | $0.407 | OrdinaryDividend |
Jul 08, 2022 | $0.147 | OrdinaryDividend |
Jun 07, 2022 | $0.232 | OrdinaryDividend |
May 06, 2022 | $0.154 | OrdinaryDividend |
Apr 07, 2022 | $0.340 | OrdinaryDividend |
Mar 07, 2022 | $0.196 | OrdinaryDividend |
Feb 07, 2022 | $0.166 | OrdinaryDividend |
Dec 07, 2021 | $0.188 | OrdinaryDividend |
Nov 05, 2021 | $0.218 | OrdinaryDividend |
Oct 07, 2021 | $0.226 | OrdinaryDividend |
Sep 08, 2021 | $0.238 | OrdinaryDividend |
Aug 06, 2021 | $0.233 | OrdinaryDividend |
Jul 08, 2021 | $0.255 | OrdinaryDividend |
Jun 07, 2021 | $0.215 | OrdinaryDividend |
May 07, 2021 | $0.239 | OrdinaryDividend |
Apr 08, 2021 | $0.226 | OrdinaryDividend |
Mar 05, 2021 | $0.198 | OrdinaryDividend |
Feb 05, 2021 | $0.221 | OrdinaryDividend |
Dec 07, 2020 | $0.272 | OrdinaryDividend |
Nov 06, 2020 | $0.235 | OrdinaryDividend |
Oct 07, 2020 | $0.265 | OrdinaryDividend |
Sep 08, 2020 | $0.262 | OrdinaryDividend |
Aug 07, 2020 | $0.251 | OrdinaryDividend |
Jul 08, 2020 | $0.285 | OrdinaryDividend |
Jun 05, 2020 | $0.318 | OrdinaryDividend |
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 | 7.12 | 8.17 |