BKSB — BNY Mellon Short Duration Corporate Bond ETF
Data updated: 2023-09-25
BKSB — BNY Mellon Short Duration Corporate Bond ETF. Short Corporate Bond · $47.19M AUM · 0.06% expense ratio. Holdings, fees, performance and SEC filings.
BKSB Fund Overview
BKSB — BNY Mellon Short Duration Corporate Bond ETF is a US ETF managed by BNY Mellon ETF Trust, categorised as Short Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: BNY Mellon ETF Trust
- Category: Short Corporate Bond
- Assets under management: $47.19M
- 1-year return: 0.8%
- Ticker: BKSB
- SEC CIK: 0001493580
- SEC series ID: S000067266
- Share class ID: C000216368
BKSB Investment Objective and Strategy
BNY Mellon Short Duration Corporate Bond ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by BNY Mellon ETF Trust.
Investment objective
The fund seeks to track the performance of the Bloomberg US Corporate 1-5 Years Total Return Index.
Principal investment strategy
To pursue its goal, the fund normally invests substantially all, but at least 80%, of its assets in bonds comprising the Bloomberg US Corporate 1-5 Years Total Return Index. The Bloomberg US Corporate 1-5 Years Total Return Index is designed to measure the market for investment grade, U.S. dollar-denominated, fixed-rate, taxable corporate bonds with one to five years left to maturity. To be included in the index, securities must have $300 million or more par amount outstanding and be rated investment grade (Baa3/BBB-/BBB- or higher) using the middle rating of Moodys, S&P and Fitch. When a rating from only two agencies is available, the lower is used; when only one agency rates a bond, that rating is used. In cases where explicit bond level ratings may not be available, the index provider may use other sources to classify securities by credit quality.
The index may include U.S. dollar-denominated bonds issued by foreign issuers. Securities in the index are updated on the last business day of each month. The fund seeks to maintain a dollar-weighted average maturity consistent with that of the index. As of December 31, 2022, the index was comprised of approximately 2,500 securities and had a dollar-weighted average maturity of 2.9 years. Under normal circumstances, in seeking to track the indexs performance, the fund generally purchases a representative sample of the securities comprising the index. By using a sampling process, the fund typically will not invest in all of the securities in the index. The fund may also fully replicate the index when determined to be in the best interest of the fund in pursuing its objective. In seeking to track the index, the funds assets may be concentrated in ( i.e.
, more than 25% of the funds assets invested in) an industry or group of industries, but only to the extent that the index concentrates in a particular industry or group of industries. As of December 31, 2022, 37.9% of the index consisted of securities of issuers in the Banking industry. The fund is classified as diversified under the Investment Company Act of 1940, as amended (1940 Act); however, the fund may become non-diversified solely as a result of changes in the composition of the index (e.g., changes in weightings of one or more component securities). When the fund is non-diversified, it may invest a relatively high percentage of its assets in a limited number of issuers.
BKSB Performance
Total returns for BKSB (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.8% |
| 3 years (annualised) | -1.0% |
BKSB Risk Information
Risk metrics for BKSB, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.4%
BKSB Costs and Fees
BKSB costs about $6 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.06%
- Gross expense ratio: 0.06%
- Portfolio turnover: 41%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
BKSB Cashflows
Over the 12 months to 2023-07, BNY Mellon Short Duration Corporate Bond ETF had net inflows of $11.74M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-07 | $2.35M |
| 2023-06 | $0 |
| 2023-05 | $2.38M |
| 2023-04 | $0 |
| 2023-03 | $0 |
| 2023-02 | $2.34M |
BKSB Debt Constituents
No individual debt constituents are reported in BNY Mellon Short Duration Corporate Bond ETF's latest SEC N-PORT filing.
BKSB Prospectus and SEC Filings
Official BNY Mellon Short Duration Corporate Bond ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-02-28
- Prospectus (485BPOS) — filed 2022-02-25
- Prospectus (485BPOS) — filed 2021-02-25
- Portfolio holdings (N-PORT) — filed 2023-09-25
- Portfolio holdings (N-PORT) — filed 2023-06-22
- Portfolio holdings (N-PORT) — filed 2023-03-22
- Annual census (N-CEN) — filed 2023-01-12
- Annual census (N-CEN) — filed 2022-01-12
Related Funds
Other Short Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.