BNY Mellon Enhanced Dividend and Income ETF (BEDY)

The BNY Mellon Enhanced Dividend and Income ETF (BEDY) is an actively managed fund sponsored by BNY Mellon's investment management business.

The fund focuses on generating income, primarily from dividend-paying equities. The word "enhanced" indicates that the strategy seeks to supplement ordinary dividend income, which can be done through techniques such as emphasizing higher-yielding securities or writing options on holdings to collect premiums, while still maintaining exposure to equity markets.

The precise mix of securities and any use of options or other income-generating tools are described in the fund's prospectus. Its overall aim is to provide a combination of current income and the potential for capital appreciation over time.