BNY Mellon High Yield ETFBNY Mellon High Yield ETFBNY Mellon High Yield ETF

BNY Mellon High Yield ETF

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Key stats


Assets under management (AUM)
‪361.76 M‬USD
Fund flows (1Y)
‪70.86 M‬USD
Dividend yield (indicated)
7.52%
Discount/Premium to NAV
0.2%
Shares outstanding
‪7.60 M‬
Expense ratio
0.22%

About BNY Mellon High Yield ETF


Brand
BNY Mellon
Inception date
Apr 24, 2020
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Physical
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.
BKHY is designed to provide exposure to the US high-yield bond market. Portfolio selection may include to bonds, ETFs, and derivatives that provide exposure to, or are included in, the Bloomberg US Corporate High Yield Total Return Index. The selection process relies on a proprietary credit model that aims to match the Index’s risk characteristics while seeking modest outperformance. This is achieved by adjusting the weightings of individual securities based on risk and relative value signals. As an actively managed ETF, the portfolio undergoes regular reviews and adjustments based on the sub-adviser’s objectives and market conditions, despite the Index being updated monthly. Derivatives used include futures, total return swaps, structured notes, and credit default swap indexes. Prior to July 1, 2024, the fund was named BNY Mellon High Yield Beta ETF and tracked the Bloomberg U.S. Corporate High Yield Total Return Index.

Classification


Asset Class
Fixed income
Category
Corporate, broad-based
Focus
High yield
Niche
Broad maturities
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Corporate
Stock breakdown by region
0.3%90%7%0.1%1%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to BKHY via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BKHY trades at 47.73 USD today, its price has risen 0.10% in the past 24 hours. Track more dynamics on BKHY price chart.
BKHY net asset value is 47.62 today — it's risen 1.73% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
BKHY assets under management is ‪361.76 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
BKHY price has risen by 0.87% over the last month, and its yearly performance shows a 1.42% increase. See more dynamics on BKHY price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.73% over the last month, showed a 0.51% increase in three-month performance and has increased by 8.73% in a year.
BKHY fund flows account for ‪70.86 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BKHY invests in bonds. See more details in our Analysis section.
BKHY expense ratio is 0.22%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, BKHY isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, BKHY technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating BKHY shows the sell signal. See more of BKHY technicals for a more comprehensive analysis.
Yes, BKHY pays dividends to its holders with the dividend yield of 7.52%.
BKHY trades at a premium (0.23%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
BKHY shares are issued by The Bank of New York Mellon Corp.
BKHY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 24, 2020.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.