BKMC
BNY Mellon US Mid Cap Core Equity ETF
BKMC tracks a market-cap weighted index of US midcap stocks that covers the bottom 10-30% capitalization.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
545.2 M
ASSETS UNDER MGMT
4 bp
EXPENSES
Fund Basics
| Fund sponsor | The Bank of New York Mellon |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 09, 2020 |
| Assets (mns) | $545 |
| Expense ratio | 4 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| SAIC INC | 0.6 % |
| REGAL BELOIT CORP | 0.6 % |
| TEXAS PACIFIC LAND CORPORATION | 0.6 % |
| GODADDY, INC. CLASS A | 0.6 % |
| PACKAGING CORP OF AMERICA | 0.6 % |
| PURE STORAGE, INC. CLASS A | 0.6 % |
| TEXTRON INC | 0.6 % |
| EMCOR GROUP INC | 0.5 % |
| WATSCO INC | 0.5 % |
| MASCO CORP | 0.5 % |
Constituent Breakdown
| Number of holdings | 406 |
| Herfindahl-Hirschman Index | 32 |
| Wgt avg mkt cap (mns) | $11,024 |
| Large cap (>$10bn) | 57.2% |
| Mid cap ($2-10bn) | 41.7% |
| Small cap (<$2bn) | 0.6% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.8 % |
 |
BRITAIN | 1.8 % |
 |
BERMUDA | 0.7 % |
 |
IRELAND | 0.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.4% | 28.0% | 12.7% | 2.2% | -- | -- | 12.6% | Volatility | 14.9% | 15.5% | 16.5% | 19.2% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.05 | 88% |
| MSCI EAFE | 0.99 | 81% |
| MSCI Emg Mkts | 0.76 | 46% |
Liquidity Measures
| Avg. volume (000) | 12 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.12% |
| ADV of underlying (mns) | $44,006 |
Technical Indicators
| Recent close | $107.54 |
| 30d moving avg. | $101.85 |
| Annualized volatility | 19.5% |
| Relative strength (RSI) | 54 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 3.2% |
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. BKMC |
Expenses vs. BKMC |
ALTAR Score™ vs. BKMC |
|---|---|---|---|---|
| STXM | Strive Mid-Cap ETF | 75.9% | +14 bp | +0.4% |
| SCHM | Schwab U.S. Mid-Cap ETF | 68.4% | 0 bp | +0.3% |
| BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 62.4% | +3 bp | -0.3% |
| SFYX | SoFi Next 500 ETF | 60.6% | -4 bp | -0.9% |
| MDY | SPDR S&P Midcap 400 ETF Trust | 60.5% | +20 bp | +0.5% |
| IJH | iShares Core S&P Mid-Cap ETF | 60.5% | +1 bp | +0.7% |
| SPMD | SPDR Portfolio S&P 400 Mid Cap ETF | 60.1% | -1 bp | +0.7% |
| IVOO | Vanguard S&P Mid-Cap 400 ETF | 60.0% | +6 bp | +0.7% |
| IQSM | IQ Candriam U.S. Mid Cap Equity ETF | 57.6% | +11 bp | +0.1% |
| QVMM | Invesco S&P MidCap 400 QVM Multi-factor ETF | 55.2% | +11 bp | +1.1% |
Risk and Returns: BKMC 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 11/21/2024
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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
BKMC
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™
BKMC
5.5%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. BKMC's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places BKMC in the 53rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
BKMCSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| BKMC (4 bp) Percentile rank | 10 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BKMC | 4.0 | 11.5 | 15.5 |
| Peer Avg. | 29.7 | 13.9 | 43.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .