- What does BKFI invest in?
- This ETF aims to deliver a comprehensive return, generated through both capital appreciation and income. To achieve this objective, it typically allocates a minimum of 80% of its net assets to fixed-income instruments. These principally include government debt, corporate bonds issued by both U.S. and foreign entities, along with mortgage-backed and asset-backed securities. The fund generally invests in bonds that possess an investment-grade rating (such as Baa3/BBB- or higher) at the time of purchase, or unrated equivalents as determined by its sub-adviser, Insight North America LLC. While the portfolio's average effective duration is usually maintained between three and eight years, the fund retains the flexibility to hold individual bonds of any maturity or duration. Its liquid ETF structure allows investors to trade shares easily whenever the market is open.
- What is the expense ratio of BKFI?
- BNY Mellon Active Core Bond ETF (BKFI) charges an expense ratio of 0.40%. This is the annual fee deducted from fund assets to cover management and operations.
- What is BKFI's dividend yield?
- BKFI's trailing-twelve-month yield is 2.98%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of BKFI?
- Effective duration measures BKFI's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BKFI's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of BKFI?
- BKFI's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of BKFI?
- Yield to maturity (YTM) is the total return you'd earn from BKFI if every bond in the portfolio is held to maturity at the current price. BKFI's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
