BKLC

BNY Mellon US Large Cap Core Equity ETF

BKLC tracks a market-cap weighted index of large-cap stocks that represent the top 70% of US companies.


US

EQUITY

Passive

MANAGEMENT STYLE

3.1 B

ASSETS UNDER MGMT

0 bp

EXPENSES
Fund Basics
Fund sponsorThe Bank of New York Mellon
CategoryUS
Asset classEquity
Websitelink...
Inception dateApr 09, 2020
Assets (mns)$3,123
Expense ratio0 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
APPLE INC 6.9 %
MICROSOFT CORP 6.7 %
NVIDIA CORP 5.7 %
AMAZON.COM INC 3.5 %
META PLATFORMS INC 2.2 %
ALPHABET INC. CLASS A 2.1 %
ALPHABET INC. CLASS C 1.8 %
ELI LILLY & CO 1.5 %
JPMORGAN CHASE & CO 1.3 %
TESLA MOTORS INC 1.3 %
Constituent Breakdown
Number of holdings507
Herfindahl-Hirschman Index 177
Wgt avg mkt cap (mns)$861,706
Large cap (>$10bn)99.8%
Mid cap ($2-10bn)0.1%
Small cap (<$2bn)0.0%
Developed mkts.99.7%
Emerging mkts.0.3%
Country Exposure
UNITED STATES 94.5 %
IRELAND 1.6 %
BRITAIN 0.7 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 24.4% 29.6% 23.5% 10.2% -- -- 17.1%
Volatility 12.6% 12.3% 14.1% 17.9% -- -- --
Market Correlations
versus...BetaR-squared
S&P 5001.03101%
MSCI EAFE0.8670%
MSCI Emg Mkts0.6337%
Liquidity Measures
Avg. volume (000)103
Turnover0.4%
Avg. Bid/Ask (% of price)0.08%
ADV of underlying (mns)$287,016
Technical Indicators
Recent close$115.71
30d moving avg.$109.63
Annualized volatility17.9%
Relative strength (RSI)51
Short interest (ETF)0.2%
Short interest (underlying)1.2%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: BKLC vs. Comps (1 YR)

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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 --%
2.9 22.3 4.0 1.3% --
Based on closing prices from 12/9/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
BKLC



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™

BKLC

4.9%

Cat. Avg

5.4%


ALTAR Score™ Calculation

Category Overview
There are 978 funds in the US Equity category, with an average ALTAR Score™ of 5.4% and a standard deviation of 2.5%. BKLC's ALTAR Score™ is approximately 0.2 standard deviations below the category average. This places BKLC in the 43rd percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

BKLC
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Passive
US Equity ETFs
# of ETFs 192
Avg. Expense Ratio 31.0 bp
Std. Deviation 25.7 bp
BKLC (0 bp) Percentile rank 11
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
BKLC 0.0 8.3 8.3
Peer Avg. 26.9 10.4 37.3
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .