BNY Mellon High Yield ETF(AMEX:BKHY)

BKHY is designed to provide exposure to the US high-yield bond market. Portfolio selection may include to bonds, ETFs, and derivatives that provide exposure to, or are included in, the Bloomberg US Corporate High Yield Total Return Index. The selection process relies on a proprietary credit model that aims to match the Indexs risk characteristics while seeking modest outperformance. This is achieved by adjusting the weightings of individual securities based on risk and relative value signals. As an actively managed ETF, the portfolio undergoes regular reviews and adjustments based on the sub-advisers objectives and market conditions, despite the Index being updated monthly. Derivatives used include futures, total return swaps, structured notes, and credit default swap indexes. Prior to July 1, 2024, the fund was named BNY Mellon High Yield Beta ETF and tracked the Bloomberg U.S. Corporate High Yield Total Return Index.