The fund does not have any restrictions on its average effective portfolio maturity or on the maturity or effective duration of the individual fixed-income securities the fund may purchase. The fund typically seeks to maintain an effective duration of one year or less, although, under certain market conditions, such as in periods of significant volatility in interest rates and spreads, the fund's duration may be longer than one year. In particular, the fund normally invests at least 25% of its net assets in domestic or dollar-denominated foreign bank obligations. The fund's investments are concentrated in the banking industry.
The fund is new and does not yet have a portfolio turnover rate to disclose. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the fund's performance. A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). Although your actual costs may be higher or lower, based on these assumptions your costs would be: The Example also assumes that your investment has a 5% return each year and that the fund's operating expenses remain the same. The Example assumes that you invest $10,000 in the fund for the time periods indicated and then hold or redeem all of your shares at the end of those periods. The Example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds.
* The fund's management agreement provides that BNY Mellon ETF Investment Adviser, LLC (Adviser), the fund's investment adviser, will pay substantially all expenses for the fund, except for the management fees, payments under the fund's 12b-1 plan (if any), interest expenses, taxes, acquired fund fees and expenses, brokerage commissions, costs of holding shareholder meetings, fees and expenses associated with any securities lending program to be adopted by the fund, and litigation and potential litigation and other extraordinary expenses not incurred in the ordinary course of the fund's business. (Expenses that you pay each year as a percentage of the value of your investment)ġ "Other expenses" are based on estimated amounts for the current fiscal year. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and Example below.
This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the fund. _ this post-effective amendment designates a new effective date for a previously filed post-effective amendment. _ on (date) pursuant to paragraph (a)(2) of Rule 485 _ on (date) pursuant to paragraph (a)(1)ĭays after filing pursuant to paragraph (a)(2) _ days after filing pursuant to paragraph (a)(1) X immediately upon filing pursuant to paragraph (b) It is proposed that this filing will become effective (check appropriate box) Registrant's Telephone Number, including Area Code: (212) 922-6400 (Address of Principal Executive Offices) (Zip Code) (Exact Name of Registrant as Specified in Charter)Ģ40 Greenwich Street, New York, New York 10286
#Macpass promotion code registration
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
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