BNY Mellon Global Infrastructure Income ETF (BKGI)
- CUSIP 09661T826
- NAV $ 31.90 As of 12/05/24
- CHG $ 0.36 (1.14 %)
- MKT PRICE $31.89 As of 12/05/24
- CHG $0.37 (1.17 %)
-
TOTAL EXPENSE RATIO
0.65%Net0.65%Gross
Why invest in this Fund?
- The fund seeks long-term total return, and also targets, but does not guarantee, an annualized gross forward-looking 12-month yield of 6% or more for its portfolio1 (the "targeted yield").
- Generally, infrastructure assets (such as utilities, oil and gas pipelines, communication services and providers of these services) often contain inflation links* tied to the Consumer Price Index, which may help investors mitigate the erosive pressure of rising costs.
- The fund provides a differentiated infrastructure approach - focusing on both traditional (energy, industrials and utilities) and non-traditional infrastructure assets (communication services, health care and real estate), which can provide a broader opportunity set in the infrastructure space.
- Infrastructure exposure offers investors an additional equity allocation with a focus on defensive business models and quarterly dividend income.
- Liquid ETF structure allows investors to buy or sell any time the market is open.
1.The targeted yield represents the forward-looking yield of the fund's portfolio securities in the aggregate over the next 12 months, calculated before fund fees, expenses, and taxes, and does not represent the amount of distributions payable to fund shareholders.
(in millions)
Yields and Expense Ratio
|
30-DAY SEC YIELD as of 12/05/24 SUBSIDIZED |
UNSUBSIDIZED |
DIVIDEND YIELD (ANNUALIZED) as of 10/31/24 |
CONTRACTUAL FEE WAIVER END DATE |
PROSPECTUS FEE TABLE EXPENSE RATIO (%) as of 03/01/24 NET |
GROSS |
|---|---|---|---|---|---|
| 4.29 | 4.29 | 5.88 | - | 0.65 | 0.65 |
*An inflation link is an agreement, either through a contract or with regulators or other means, that allows a company to adjust their pricing of materials or services based on an inflation measure, such as PPI (Producer Price Index) or CPI (Consumer Price Index). Most fully regulated businesses require that the regulated entity have their returns reviewed on a regular basis, which adjust to take into account the cost of capital.
Yield fluctuates and past performance is no guarantee of future results.
The SEC 30-day Yield is calculated by dividing the net investment income per share earned during the period (calculated in accordance with regulatory guidelines) by the maximum offering price per share on the last day of the period.
Unsubsidized yield displays what the fund's 30-Day SEC Yield would have been had no fee waiver or expense reimbursement been in place during the period.
Gross Expenses is the total annual operating expense ratio for the fund, before any fee waivers or expense reimbursements. Net Expenses is the total annual operating expense ratio for the fund, after any applicable fee waivers or expense reimbursements. The Gross Expenses, or Net Expenses (if including fee waivers or expense reimbursements) is the actual fund expense ratio applicable to investors.
NAV - A fund's NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding.
Market Price - The market price is the most recent official closing price for the listed exchange.
Dividend Yield (Annualized) - The dividend yield is the ratio of the fund’s annual dividend compared to it’s share price.
Price/Earnings Ratio - Price-to-earnings (P/E) is the ratio of the market price of a firm’s common stock to its current (or predicted) earnings per share.
Price/Book Ratio - Price-to-book value (P/B) is a ratio used to compare a stock's market value with its book value. It is calculated by dividing the current closing price of the stock by the latest quarter’s book value (assets minus liabilities).
Weighted Avg Market Cap - Weighted average market cap is the average market capitalization of corporations in a fund or index, weighted by the percentage of the holding in the fund or index.
NAV - A fund's NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding.
Market Price - The market price is the most recent official closing price for the listed exchange.
Dividend Yield (Annualized) - The dividend yield is the ratio of the fund’s annual dividend compared to it’s share price.
Price/Earnings Ratio - Price-to-earnings (P/E) is the ratio of the market price of a firm’s common stock to its current (or predicted) earnings per share.
Price/Book Ratio - Price-to-book value (P/B) is a ratio used to compare a stock's market value with its book value. It is calculated by dividing the current closing price of the stock by the latest quarter’s book value (assets minus liabilities).
Weighted Avg Market Cap - Weighted average market cap is the average market capitalization of corporations in a fund or index, weighted by the percentage of the holding in the fund or index.
Portfolio Managers
-
James A. Lydotes, CFA
Deputy CIO, Newton Investment Management North America, LLC
Managing Fund Since Inception
Joined Firm in 1998
Joined Industry in 1998
-
Brock Campbell, CFA
Portfolio Manager, Newton Investment Management North America, LLC
Managing Fund Since Inception
Joined Firm in 2005
Joined Industry in 2005
Daily Statistics
| As of 12/05/24 NAME |
30-DAY MEDIAN BID/ASK SPREAD |
PREVIOUS DAY VOLUME |
20-DAY AVG VOLUME |
PREMIUM/ DISCOUNT |
YTD Total Return (NAV) |
|---|---|---|---|---|---|
|
BNY Mellon Global Infrastructure Income ETF
|
0.16% | 901 | 8,286 | -0.03% | 17.87% |
The performance data quoted represents past performance, which is no guarantee of future results.
30-Day Median Bid-Ask Spread - Gives investors the midpoint within the spread between an ETF’s selling price and buying price. It is calculated over the last 30 days in 10 second intervals by dividing the difference between the bid (sell price) and offer (buy price) by the midpoint of the National Best Bid Offer (NBBO) and identifying the median of those values.
20-Day Avg Volume - 20-Day Average Volume is the sum of last 20 days of trading volume divided by 20 days.
Premium / Discount - The amount the fund is trading above or below the reported NAV expressed as a percentage of the NAV. When the fund's market price is greater than the fund's NAV, it is said to be trading at a "Premium" and the percentage is expressed as a positive number. When the fund's market price is less than the fund's NAV, it is said to be trading at a "Discount" and the percentage is expressed as a negative number.
Total Returns
Month End
|
Average Annual As of 11/30/24 |
|||||||
|---|---|---|---|---|---|---|---|
| Name |
3 MO 11/30/24 |
YTD 11/30/24 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
|
BNY Mellon Global Infrastructure Income ETF
BKGI |
3.34 | 18.25 | 20.88 | - | - | - | 17.55 |
|
MSCI ACWI Index
|
13.19 | 17.13 | 29.68 | 8.60 | 5.97 | 5.38 | - |
Quarter End
|
Average Annual As of 09/30/24 |
|||||||
|---|---|---|---|---|---|---|---|
| Name |
3 MO 09/30/24 |
YTD 09/30/24 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
|
BNY Mellon Global Infrastructure Income ETF
BKGI |
15.01 | 18.33 | 30.22 | - | - | - | 19.27 |
|
S&P Global Infrastructure NR Index
|
13.19 | 17.13 | 29.68 | 8.60 | 5.97 | 5.38 | - |
|
MSCI ACWI Index
|
6.61 | 18.66 | 31.76 | 8.09 | 12.19 | 9.39 | - |
The performance data quoted represents past performance, which is no guarantee of future results. Share price, yield and investment return fluctuate and an investor's shares may be worth more or less than original cost upon redemption. Current performance may be lower or higher than the performance quoted. Returns less than 1 year are not annualized.
Market Price performance is calculated using the most recent Cboe Global Markets Official Closing Price. Market Price returns do not represent investors’ returns had they traded shares at other times.
The S&P Global Infrastructure Index is designed to track 75 companies from around the world chosen to represent the listed infrastructure industry while maintaining liquidity and tradability. To create diversified exposure, the index includes three distinct infrastructure clusters: energy, transportation, and utilities. An investor cannot invest directly in any index.
The MSCI ACWI Index captures large- and mid-cap representation across Developed Market (DM) countries and Emerging Market (EM) countries. Investors cannot invest directly in any index.
The fund currently does not have a stated benchmark to measure performance against, however comparison of fund performance to an appropriate index indicates how the fund's returns compare with those of a broad measure of market performance. Past performance is no guarantee of future results.
Growth of $10,000 Investment
Past performance is no guarantee of future results.
Historical NAV and Market Price
Historical Premium/Discount
Premium and Discount Summary Table
| As of 12/05/24 | Calendar Year 2023 | Q1 2024 | Q2 2024 | Q3 2024 |
|---|---|---|---|---|
|
Days Traded at Premium
|
227 | 54 | 52 | 48 |
|
Days Traded at Discount
|
28 | 7 | 11 | 16 |
The table shows the number of trading days in which the fund traded at a premium or discount to its closing NAV. Past results are not indicative of future results.
Premium/Discount
Prospectus Fee Table Expense Ratios
| Fees as stated in the prospectus Fee Description | Total Expense Ratio (%) |
|---|---|
| Management Fee | 0.65% |
| Other Expenses | 0.00% |
| Total Expenses | 0.65% |
| Net Expenses | 0.65% |
Portfolio Manager/Sub-Investment Adviser
The fund's investment adviser is BNY Mellon ETF Investment Adviser, LLC and the fund's sub-adviser is Newton Investment Management North America LLC, an affiliate of the Adviser.
James A. Lydotes, CFA and Brock Campbell, CFA are the fund's primary portfolio managers. Mr. Lydotes has been the lead primary portfolio manager and Mr. Campbell has been a primary portfolio manager of the fund since its inception in November 2022. Mr. Lydotes is deputy chief investment officer of equity at Newton. Mr. Campbell is the head of global equity research at Newton. Each portfolio manager is jointly and primarily responsible for the day-to-day management of the fund's portfolio.
Top Holdings
| Holdings | % Portfolio Weight |
|---|---|
| HESS MIDSTREAM LP - CLASS | 6.58 |
| ENEL SPA | 6.34 |
| FORTUM OYJ | 6.16 |
| ORANGE | 5.94 |
| EVERSOURCE ENERGY | 5.42 |
| DOMINION ENERGY INC | 5.09 |
| ENBRIDGE INC | 4.82 |
| VINCI SA | 4.62 |
| ONEOK INC | 4.40 |
| DRAX GROUP PLC | 4.15 |
| CLEARWAY ENERGY INC-C | 3.75 |
| ANTERO MIDSTREAM CORP | 3.69 |
| OMEGA HEALTHCARE INVESTOR | 3.68 |
| VISTRA CORP | 3.68 |
| ITALGAS SPA | 3.49 |
| ENGIE | 3.47 |
| BOUYGUES SA | 3.33 |
| DREYFUS INSTITUTIONAL PRE | 3.24 |
| EXELON CORP | 3.21 |
| VEOLIA ENVIRONNEMENT | 2.98 |
| AT&T INC | 2.94 |
| JIANGSU EXPRESS CO LTD-H | 1.81 |
| CONSTELLATION ENERGY | 1.61 |
| DHL GROUP | 1.56 |
| ENAGAS SA | 1.35 |
| SFL CORP LTD | 1.17 |
| PROXIMUS | 1.03 |
| Net Current Assets | 0.22 |
| EURO | 0.16 |
| CANADIAN DOLLAR | 0.07 |
| POUND STERLING | 0.06 |
| HONG KONG DOLLAR | 0.00 |
Asset Allocation
Main Risks
Equities are subject to market, market sector, market liquidity, issuer, and investment style risks, among other factors, to varying degrees. Investing in foreign denominated and/or domiciled securities involves special risks, including changes in currency exchange rates, political, economic, and social instability, limited company information, differing auditing and legal standards, and less market liquidity. These risks generally are greater with emerging market countries.
Dividend Schedule
Distributions History
| (Values Listed In $)EX DATE | RECORD DATE | PAYABLE DATE | DIVIDEND INCOME | SHORT-TERM CAPITAL GAIN |
LONG-TERM CAPITAL GAIN |
RETURN OF CAPITAL | TOTAL DISTRIBUTION |
|---|---|---|---|---|---|---|---|
| 10/01/24 | 10/01/24 | 10/04/24 | 0.3081 | 0.0000 | 0.0000 | 0.0000 | 0.3081 |
| (Values Listed In $)EX DATE | RECORD DATE | PAYABLE DATE | DIVIDEND INCOME | SHORT-TERM CAPITAL GAIN |
LONG-TERM CAPITAL GAIN |
RETURN OF CAPITAL | TOTAL DISTRIBUTION |
|---|---|---|---|---|---|---|---|
| 07/01/24 | 07/01/24 | 07/05/24 | 0.3495 | 0.0000 | 0.0000 | 0.0000 | 0.3495 |
| 04/01/24 | 04/02/24 | 04/05/24 | 0.2999 | 0.0000 | 0.0000 | 0.0000 | 0.2999 |
| 12/27/23 | 12/28/23 | 01/03/24 | 0.2478 | 0.0000 | 0.0000 | 0.0000 | 0.2478 |
| 10/02/23 | 10/03/23 | 10/06/23 | 0.2614 | 0.0000 | 0.0000 | 0.0111 | 0.2725 |
| 07/03/23 | 07/05/23 | 07/10/23 | 0.5537 | 0.0000 | 0.0000 | 0.0235 | 0.5772 |
| 04/03/23 | 04/04/23 | 04/10/23 | 0.1727 | 0.0000 | 0.0000 | 0.0073 | 0.1800 |
| 12/28/22 | 12/29/22 | 01/04/23 | 0.1425 | 0.0000 | 0.0000 | 0.0000 | 0.1425 |
