Symbols

BKUI

BNY Mellon Ultra Short Income ETF·ARCA

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Key Stats

Assets Under Management

234.08MUSD

Fund Flows (1Y)

29.88MUSD

Dividend Yield

4.06%

Discount/Premium to NAV

-0.02%

Shares Outstanding

4.70M

Expense Ratio

0.12%

About BNY Mellon Ultra Short Income ETF

Issuer

BNY Mellon ETF Investment Adviser, LLC

Brand

BNY Mellon

Home Page

https://www.bny.com/investments/us/en/intermediary/products/etf/fund/bny-mellon-ultra-short-income-etf.html

Inception Date

Aug 9, 2021

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

BNY Mellon ETF Investment Adviser LLC

Distributor

BNY Mellon Securities Corp.

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.