BNY Mellon Core Bond ETF

BNY Mellon ETF Trust · 1 share class

U.S. bond index ETF
One fund, 1 share class:BKAG
$2.09B NAV
5,074 positions · as of 2026-04-30 · filed 2026-06-26

Fund classification

Classified from what the fund holds · as of 2026 Q2

BNY Mellon Core Bond ETF is a U.S. bond index ETF that tracks the Bloomberg US Aggregate Total Return Index.

Asset class
Bonds
Region
United States
Management
Index (passive)
Fund type
ETF
Credit quality
Investment grade
Rate sensitivity
Intermediate duration

Fund profile

As filed in the prospectus · 2026 Q1

The fund seeks to track the performance of the Bloomberg US Aggregate Total Return Index.

Strategy · summarised

The fund tracks the Bloomberg US Aggregate Total Return Index by investing substantially all its assets in a representative sample of the index's investment-grade bonds, which span Treasuries, corporate securities, mortgage-backed pass-throughs, and asset-backed securities. Because the fund uses sampling rather than holding all index constituents, its performance may diverge from the index. The fund regularly enters into to-be-announced transactions in mortgage-backed securities, with cash pending settlement invested in short-term instruments.

Expenses
0.00%one share class
Share classExpense ratio
BKAG0.00%

Portfolio turnover 70.96% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

102.31%
of net assets
Bonds73.64%
Securitized25.45%
Cash & short-term3.21%

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Government48.9%
Securitized24.9%
Financials5.4%
Other3.4%
12 smaller17.4%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 233 new464 exited

Largest new: UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT ×5, FEDERAL NATIONAL MORTGAGE ASSOCIATION ×2, GOVERNMENT NATIONAL MORTGAGE ASSOCIATION

Largest exited: DREY INST PREF GOV MM-M, Fannie Mae or Freddie Mac ×2, US TREASURY N/B ×3, Government National Mortgage A ×2

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year
+4.02%
3-year
+10.67%
5-year
+0.64%
Volatility
3.43%
Worst 3-yr fall
-6.16%
Cumulative return· May 2023 – Apr 2026

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30

Avg coupon
3.75%
Avg maturity
12.63 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

1%
floating
Fixed rate99.2%
Floating rate0.8%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

<1yUnknown
<1y0.0%
1-3y22.3%
3-5y16.0%
5-10y19.2%
10y+42.5%
Unknown0.0%
Flagged holdings
Defaulted: none reported
In arrears: none reported
Paid in kind: none reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Risk profile

Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2

Most of this fund’s sensitivity is to interest rates, with credit spreads carrying about half as much.

Interest-rate duration
5.70 yr
approx. move per 100bp
Credit-spread duration
3.20 yr
approx. move per 100bp
If rates and spreads both rise 100bp

Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.

≈ -9.0%
of value
Interest rates64%
Credit spreads36%

Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.

Credit risk by quality

Share of the fund's spread duration carried by each credit tier.

+3.20
yrs total
Investment grade+3.20 yr
Where the risk sits on the curve

Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.

Interest rate5.70 yr total
3 mo30 yr
3 mo0.02 yr0%
1 yr0.65 yr11%
5 yr1.66 yr29%
10 yr2.21 yr39%
30 yr1.16 yr20%
Credit spread3.20 yr total
3 mo30 yr
3 mo0.00 yr0%
1 yr0.23 yr7%
5 yr1.57 yr49%
10 yr1.26 yr39%
30 yr0.14 yr4%

The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.

Show the numbers
TenorRate yrsIG yrsHY yrsIG $/bpHY $/bp
3 mo+0.02+0.00+0.00$45$0
1 yr+0.65+0.23+0.00$48.8k$0
5 yr+1.66+1.57+0.00$327.3k$0
10 yr+2.21+1.26+0.00$263.4k$0
30 yr+1.16+0.14+0.00$28.8k$0

Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
DREYFUS INSTITUTIONAL PREFERRED MONEY MARKET FUNDS3.21%$67.03M
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT4.13% · due 2036-02-150.60%$12.53M
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT4.25% · due 2034-11-150.56%$11.78M
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT4.63% · due 2035-02-150.47%$9.73M
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT1.38% · due 2028-12-310.46%$9.63M
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT4.38% · due 2034-05-150.44%$9.17M
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT4.50% · due 2033-11-150.43%$8.93M
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT0.63% · due 2027-12-310.41%$8.57M
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT3.63% · due 2030-12-310.40%$8.29M
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT3.88% · due 2034-08-150.40%$8.25M
Showing 10 of 5,074Sign in to see more

Top 10 positions are 7.38% of net assets, top 25 12.42%, across 985 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

Sign in free