BKUI

BNY Mellon Ultra Short Income ETF

$49.81

+0.00%

Market closed. Last update: 10:52 PM ET

📎 Investment Objective

The BNY Mellon Ultra Short Income ETF (BKUI) seeks to provide current income consistent with the preservation of capital.

Overview

ETF tracking BNY Mellon Ultra Short Income ETF

Category Inverse

Issuer Other

Inception Date 2021-08-11

Market Cap $224.2M

Average Volume N/A

Dividend Yield 3.73%

52-Week Range $49.52 - $49.95

VWAP $49.81

Performance

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Investment Summary

📎 Investment Objective

The BNY Mellon Ultra Short Income ETF (BKUI) seeks to provide current income consistent with the preservation of capital.

🎯 Investment Strategy

The fund invests primarily in a diversified portfolio of investment-grade fixed-income securities, including U.S. government securities, corporate bonds, and mortgage-backed securities. The fund aims to maintain a weighted average effective duration of one year or less.

✨ Key Features

Focuses on high-quality, short-term fixed-income securities to generate current income
Maintains a low duration profile to reduce interest rate risk
Seeks to provide stability and capital preservation in a low-risk portfolio
Designed for investors seeking a conservative, liquid investment option

⚠️ Primary Risks

Interest rate risk: The fund's value may decline if interest rates rise
Credit risk: The fund is exposed to the risk of default by the issuers of the fixed-income securities it holds
Liquidity risk: The fund may have difficulty selling certain securities at an advantageous time and price
Market risk: The value of the fund's investments may fluctuate due to general market conditions

👤 Best For

The BNY Mellon Ultra Short Income ETF is best suited for conservative investors seeking a low-risk, liquid investment option that can provide current income while preserving capital. It may be appropriate for investors with a short-term investment horizon or as a cash management tool within a diversified portfolio.