| Investment Objective: |
BNY Mellon High Yield ETF fund seeks to provide diversified investment exposure to the U.S. high yield bond market. While the fund is not an index fund and does not attempt to replicate any index, the fund normally invests substantially all of its assets in bonds that, at the time of purchase, are included in the Bloomberg US Corporate High Yield Total Return Index (Index), ETFs providing exposure to securities included in the Index and derivatives with economic characteristics similar to such bonds, ETFs or the Index. The fund's derivatives investments may include futures, total return swaps, structured notes and credit default swap indexes. From July 1,2024 the Fund will no longer be an "index fund" that seeks to track the performance of its benchmark index and instead will be managed using an "active" investment strategy. |
