BKHY

BNY Mellon High Yield ETF

$48.07

+0.00%

Market closed. Last update: 12:27 PM ET

📎 Investment Objective

The BNY Mellon High Yield ETF seeks to provide investment results that correspond generally to the performance of the Bloomberg US High Yield Very Liquid Index, which is designed to measure the performance of U.S. dollar-denominated, high yield, fixed-rate corporate bonds.

Overview

ETF tracking BNY Mellon High Yield ETF

Category High Yield

Issuer Other

Inception Date 2020-04-24

Market Cap $379.8M

Average Volume N/A

Dividend Yield 6.01%

52-Week Range $45.58 - $48.77

VWAP $48.10

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF invests in a representative sample of the securities included in the underlying index, with the goal of replicating the index's performance. The fund may invest in high yield (or 'junk') bonds, which are debt securities that are rated below investment grade.

✨ Key Features

Provides exposure to the high yield corporate bond market
Seeks to track the performance of the Bloomberg US High Yield Very Liquid Index
Low expense ratio of 0.00%
Suitable for investors seeking higher potential returns, but willing to take on additional risk

⚠️ Primary Risks

High yield bonds are subject to greater credit and default risk than investment-grade bonds
Increased interest rate risk as high yield bonds are more sensitive to changes in interest rates
Liquidity risk as high yield bonds may be less liquid than investment-grade bonds
Potential for higher volatility compared to investment-grade bond funds

👤 Best For

The BNY Mellon High Yield ETF may be suitable for investors with a higher risk tolerance who are seeking to generate higher potential returns through exposure to the high yield corporate bond market. Investors should have a long-term investment horizon and be willing to accept the increased risks associated with high yield bonds.