 The
BNY Mellon High Yield Beta ETF is an exchange-traded fund that seeks
to provide investors with exposure to a diversified portfolio of high
yield bonds issued by U.S. companies. The fund is managed by Mellon
Investments Corporation, a subsidiary of The Bank of New York Mellon
Corporation, one of the largest financial institutions in the world.
As of September 2021, the BKHY ETF had a net asset value of
approximately $198 million and held over 1,000 individual bonds. The
fund's portfolio is diversified across multiple sectors and regions,
with a focus on non-investment grade bonds with maturities of less
than 10 years. The fund's top holdings include bonds issued by
companies in the healthcare, energy, and telecommunications sectors.
The BKHY ETF is designed to provide investors with a way to
potentially benefit from the higher yields offered by high yield bonds
while also diversifying their portfolio. However, investors should be
aware that investing in high yield bonds carries its own set of risks,
including credit risk, liquidity risk, and interest rate risk.
The expense ratio for the BKHY ETF is 0.22%, which is relatively low
compared to the expense ratios of other high yield bond funds. This
may make the BKHY ETF an attractive option for investors seeking
exposure to a diversified portfolio of high yield bonds issued by U.S.
companies at a reasonable cost.
Overall, the BNY Mellon High
Yield Beta ETF may be a suitable investment for investors seeking
exposure to high yield bonds issued by U.S. companies. However, as
with any investment, it is important to conduct your own research and
consider your investment goals and risk tolerance before investing in
the fund.
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