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Upturn AI SWOT - About
BNY Mellon Core Bond ETF (BKAG)
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Upturn Advisory Summary
08/14/2025: BKAG (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 8.5% | Avg. Invested days 54 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta 1 | 52 Weeks Range 39.58 - 42.29 | Updated Date 06/30/2025 |
52 Weeks Range 39.58 - 42.29 | Updated Date 06/30/2025 |
Upturn AI SWOT
BNY Mellon Core Bond ETF
ETF Overview
Overview
The BNY Mellon Core Bond ETF (BKAG) seeks to track the performance of a broad, market-weighted index of investment-grade U.S. dollar-denominated bonds, providing exposure to the overall U.S. investment-grade bond market. It aims to provide a diversified portfolio of fixed-income securities.
Reputation and Reliability
BNY Mellon is a well-established and reputable financial institution with a long history in asset management.
Management Expertise
BNY Mellon has a dedicated team of fixed-income professionals with extensive experience in managing bond portfolios.
Investment Objective
Goal
To track the performance of a broad, market-weighted index of investment-grade U.S. dollar-denominated bonds.
Investment Approach and Strategy
Strategy: The ETF employs a passive management strategy, seeking to replicate the performance of its underlying index.
Composition The ETF primarily holds U.S. investment-grade bonds, including government, corporate, and mortgage-backed securities.
Market Position
Market Share: BNY Mellon Core Bond ETF holds a relatively small market share compared to larger, more established bond ETFs.
Total Net Assets (AUM): 334400000
Competitors
Key Competitors
- iShares Core U.S. Aggregate Bond ETF (AGG)
- Vanguard Total Bond Market ETF (BND)
- Schwab U.S. Aggregate Bond ETF (SCHZ)
Competitive Landscape
The bond ETF market is highly competitive with several large players. BKAG faces competition from larger ETFs with greater brand recognition and lower expense ratios. BKAG's advantage may lie in specific investor preferences for BNY Mellon's brand or potentially slight differences in index tracking or portfolio construction. However, it needs to attract a significantly larger AUM to compete effectively on economies of scale.
Financial Performance
Historical Performance: Historical performance can be found in the fund's factsheet and is subject to market conditions.
Benchmark Comparison: The ETF's performance is designed to track its benchmark index closely. Any deviations would be due to tracking error.
Expense Ratio: 0.02
Liquidity
Average Trading Volume
BKAG's average trading volume is moderate, indicating reasonable but not extremely high liquidity.
Bid-Ask Spread
The bid-ask spread is typically tight, reflecting the ETF's efficiency and the liquidity of its underlying holdings.
Market Dynamics
Market Environment Factors
Interest rate movements, inflation expectations, and overall economic growth significantly impact the performance of BKAG.
Growth Trajectory
The growth of BKAG is dependent on investor demand for broad-based bond exposure and the ability to attract assets from competing ETFs. Strategy and holdings change to closely reflect its index.
Moat and Competitive Advantages
Competitive Edge
BKAG benefits from the established reputation of BNY Mellon, but it does not possess a unique competitive advantage. Its expense ratio is very low. However, it is trying to catch up with other bond ETFs such as AGG and BND that have much greater AUM and liquidity. Therefore, to make it more attractive to investors, it needs a much greater presence and a focused marketing strategy.
Risk Analysis
Volatility
The ETF's volatility is dependent on the volatility of the overall bond market, and will vary based on interest rate conditions.
Market Risk
BKAG is subject to interest rate risk, credit risk (although limited due to its investment-grade focus), and inflation risk.
Investor Profile
Ideal Investor Profile
The ideal investor is a risk-averse individual seeking broad exposure to the U.S. investment-grade bond market for diversification and income.
Market Risk
BKAG is suitable for long-term investors and passive index followers.
Summary
BNY Mellon Core Bond ETF is a passively managed ETF that tracks a broad U.S. investment-grade bond index. It provides exposure to a diversified portfolio of fixed-income securities with a low expense ratio. However, it has a relatively small market share compared to its larger competitors. It is best suited for risk-averse investors seeking broad bond market exposure and willing to invest for the long term. The ETF's performance is closely tied to overall interest rate movements and economic conditions.
Peer Comparison
Sources and Disclaimers
Data Sources:
- BNY Mellon Investment Management
- ETF.com
- Morningstar
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Investment decisions should be made based on your individual circumstances and after consulting with a qualified financial advisor. Market share data are estimates and may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About BNY Mellon Core Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in bonds, TBA transactions representing bonds and ETFs providing exposure to such securities. The Bloomberg US Aggregate Total Return Index is designed to measure the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market. It is non-diversified.
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