BKIE
BNY Mellon International Equity ETF
BKIE tracks a market-cap weighted index of large-caps in the Developed Markets outside of US.
International
EQUITY
Passive
MANAGEMENT STYLE
4 bp
EXPENSES
$637.1 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | The Bank of New York Mellon |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 24, 2020 |
| Assets (mns) | $637 |
| 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
| NOVO NORDISK A/S-B | 2.3 % |
| ASML HOLDING NV | 2.1 % |
| NESTLE SA-REG | 1.5 % |
| ASTRAZENECA PLC | 1.2 % |
| TOYOTA MOTOR CORP | 1.2 % |
| ROCHE HOLDING AG-BR | 1.2 % |
| SHELL PLC | 1.2 % |
| NOVARTIS AG | 1.0 % |
| LVMH MOET HENNESSY LOUIS VUI | 1.0 % |
| SAP AG | 1.0 % |
Constituent Breakdown
| Number of holdings | 1005 |
| Herfindahl-Hirschman Index | 41 |
| Wgt avg mkt cap (mns) | $91,460 |
| Large cap (>$10bn) | 87.2% |
| Mid cap ($2-10bn) | 11.4% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 99.4% |
| Emerging mkts. | 0.6% |
Country Exposure
 |
JAPAN | 21.5 % |
 |
BRITAIN | 12.1 % |
 |
CANADA | 9.5 % |
 |
SWITZERLAND | 7.9 % |
 |
FRANCE | 7.7 % |
 |
GERMANY | 6.7 % |
 |
AUSTRALIA | 6.3 % |
 |
NETHERLANDS | 4.9 % |
 |
DENMARK | 3.3 % |
 |
SWEDEN | 2.9 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 1.5% | 7.2% | 12.4% | 2.1% | -- | -- | 9.0% | Volatility | 11.7% | 12.6% | 16.3% | 16.3% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.88 | 79% |
| MSCI EAFE | 1.02 | 98% |
| MSCI Emg Mkts | 0.81 | 64% |
Liquidity Measures
| Avg. volume (000) | 32 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.17% |
| ADV of underlying (mns) | $59,454 |
Technical Indicators
| Recent close | $74.08 |
| 30d moving avg. | $75.24 |
| Annualized volatility | 17.9% |
| Relative strength (RSI) | 54 |
| Short interest (ETF) | 0.5% |
| 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. BKIE |
Expenses vs. BKIE |
ALTAR Score™ vs. BKIE |
|---|---|---|---|---|
| GSID | Goldman Sachs MarketBeta International Equity ETF | 86.0% | +16 bp | -0.2% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 81.0% | +32 bp | -0.4% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 80.7% | +16 bp | -0.1% |
| IDEV | iShares Core MSCI International Developed Markets ETF | 77.9% | 0 bp | -0.1% |
| IEFA | iShares Core MSCI EAFE ETF | 77.7% | +3 bp | -0.2% |
| EFA | iShares MSCI EAFE ETF | 77.1% | +31 bp | -0.4% |
| SCHF | Schwab International Equity ETF | 76.1% | +2 bp | +0.3% |
| SPDW | SPDR Portfolio Developed World ex-US ETF | 73.8% | -1 bp | 0.0% |
| VEA | Vanguard FTSE Developed Markets ETF | 73.0% | +1 bp | 0.0% |
| EFAX | SPDR MSCI EAFE Fossil Fuel Free ETF | 70.3% | +16 bp | -0.8% |
Risk and Returns: BKIE 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 7/25/2024
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
BKIE
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
BKIE
6.9%
Cat. Avg
7.2%
Fund Category: International
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 6.9% |
Recommendation
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.
Category Overview
There are 258 funds in the International category, with an average ALTAR Score™
of 7.2% and a standard deviation of
2.4%. BKIE's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places BKIE in the 45th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
BKIE
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Passive International Equity ETFs |
| # of ETFs | 77 |
| Avg. Expense Ratio | 38.8 bp |
| Std. Deviation | 21.2 bp |
| BKIE (4 bp) Percentile rank | 5 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BKIE | 4.0 | 16.6 | 20.6 |
| Peer Avg. | 26.0 | 14.3 | 40.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .