BKCI
BNY Mellon Concentrated International ETF
BKCI is an actively managed fund relying heavily on fundamental research to select a narrow basket of stocks, of any market capitalization, from developed markets outside of the US.
Global
EQUITY
Active
MANAGEMENT STYLE
148.9 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Fund sponsor | The Bank of New York Mellon Corp. |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 06, 2021 |
| Assets (mns) | $149 |
| Expense ratio | 80 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ALIMENTATION COUCHE-TARD INC. CLASS A | 5.6 % |
| COMPASS GROUP PLC | 5.3 % |
| NOVO NORDISK A/S-B | 5.2 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 4.8 % |
| SAP AG | 4.6 % |
| TOTAL SA | 4.0 % |
| ASML HOLDING NV | 3.9 % |
| AIR LIQUIDE SA | 3.7 % |
| MERCK KGAA | 3.7 % |
| AMADEUS IT HOLDING SA-A SHS | 3.6 % |
Constituent Breakdown
| Number of holdings | 31 |
| Herfindahl-Hirschman Index | 358 |
| Wgt avg mkt cap (mns) | $154,189 |
| Large cap (>$10bn) | 93.2% |
| Mid cap ($2-10bn) | 3.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 94.0% |
| Emerging mkts. | 6.0% |
Country Exposure
 |
FRANCE | 13.5 % |
 |
JAPAN | 13.2 % |
 |
GERMANY | 11.3 % |
 |
CANADA | 8.2 % |
 |
DENMARK | 7.9 % |
 |
BRITAIN | 7.1 % |
 |
SWITZERLAND | 5.8 % |
 |
HONG KONG | 5.2 % |
 |
TAIWAN | 4.8 % |
 |
NETHERLANDS | 3.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 1.9% | 16.4% | 16.8% | -- | -- | -- | 3.8% | Volatility | 13.8% | 13.4% | 14.9% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.96 | 72% |
| MSCI EAFE | 1.05 | 88% |
| MSCI Emg Mkts | 0.88 | 65% |
Liquidity Measures
| Avg. volume (000) | 6 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.21% |
| ADV of underlying (mns) | $5,881 |
Technical Indicators
| Recent close | $48.83 |
| 30d moving avg. | $52.50 |
| Annualized volatility | 19.9% |
| Relative strength (RSI) | 42 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. BKCI |
Expenses vs. BKCI |
ALTAR Score™ vs. BKCI |
|---|---|---|---|---|
| OSEA | Harbor International Compounders ETF | 41.1% | -25 bp | +0.1% |
| CGIE | Capital Group International Equity ETF | 29.0% | -26 bp | +0.8% |
| UMMA | Wahed Dow Jones Islamic World ETF | 27.6% | -15 bp | +0.4% |
| JIG | JPMorgan International Growth ETF | 24.6% | -25 bp | +0.5% |
| EFG | iShares MSCI EAFE Growth ETF | 24.3% | -44 bp | +0.4% |
| IDHQ | Invesco S&P International Developed High Quality ETF | 23.1% | -51 bp | +2.3% |
| OEUR | ALPS O'Shares Europe Quality Dividend ETF | 22.0% | -32 bp | +1.5% |
| FEZ | SPDR EURO STOXX 50 ETF | 21.9% | -51 bp | +2.6% |
| BBEU | JPMorgan BetaBuilders Europe ETF | 21.4% | -71 bp | +2.9% |
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 20.5% | -34 bp | +2.3% |
Risk and Returns: BKCI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
BKCI
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
BKCI
4.2%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 375 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.6%. BKCI's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places BKCI in the 50th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
BKCISELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| BKCI (80 bp) Percentile rank | 61 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BKCI | 80.0 | 20.8 | 100.8 |
| Peer Avg. | 74.7 | 39.0 | 113.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .