BKFI BNY Mellon Active Core Bond ETF

About this ETF

BNY Mellon Active Core Bond ETF is an actively managed exchange-traded fund designed to pursue total return through a combination of capital appreciation and current income. It normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in fixed-income securities, including government bonds, corporate bonds from U.S. and non-U.S. issuers, mortgage-backed securities, asset-backed securities, and derivatives. The fund maintains an average effective duration between three and eight years, making it sensitive to interest rate changes while aiming to navigate market conditions actively. Notable features include its active management style by BNY Mellon ETF Investment Adviser, LLC and sub-adviser Insight North America LLC, with distributions of dividends and potential capital gains taxed at standard rates. In the financial markets, it plays a key role in providing investors exposure to a diversified core bond portfolio, benchmarked against indices like the Bloomberg U.S. Government/Credit Bond Index, contributing to fixed-income strategies amid varying economic environments.