BKIV Fees and Costs — BNY Mellon Innovators ETF
Data updated: 2025-10-21
The net expense ratio is 0.50%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $8K in broker commissions, 0.0518% of average net assets, and portfolio turnover was 44%.
BKIV Fees and Expenses
Annual operating expenses and sales charges of BKIV. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
BKIV Costs Over Time
On $10,000 invested in BKIV, assuming 5% a year before costs, total costs come to $348 over 5 years, cutting the return by 0.58% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $5 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $191 | $348 |
| Value after costs | $10,442 | $11,386 | $12,415 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
BKIV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0518%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 44%
- Securities on loan, average value: $826K
- Net income from securities lending: $2K (0.013% of average net assets)
BKIV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company, LLC | $2K | 26.82% |
| BTIG, LLC | $984 | 15.23% |
| BOFA SECURITIES, INC. | $890 | 13.77% |
| KEYBANC CAPITAL MARKETS, INC. | $678 | 10.49% |
| LEERINK PARTNERS LLC | $450 | 6.96% |
| Robert W. Baird & Co. Incorporated | $415 | 6.42% |
| PIPER SANDLER & CO. | $370 | 5.73% |
| JEFFERIES LLC | $340 | 5.26% |
| MORGAN STANLEY & CO. LLC | $317 | 4.91% |
| STIFEL, NICOLAUS & CO INC | $285 | 4.41% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.