BKUI

BKUI is the first active ETF offered by BNY Mellon. While the fund typically invests in a broad basket of investment-grade, USD-denominated fixed income securities including corporate debt, asset-backed securities, repurchase agreements, US Treasurys, and other government-backed loans, it normally allocates at least 25% in the banking industry. The fund manager aims for an optimal portfolio with a focus on preservation of capital and downside protection through a combination of overnight investments and short-term, highly liquid securities. In selecting securities, BKUI uses a proprietary top-down and bottom-up investment process to identify global investment themes and risk, outperforming sectors, and undervalued securities, and to manage duration and yield curve positioning. The fund seeks to maintain a portfolio with an average credit rating of at least A and an effective duration of one year or less.