BKDV: BNY MELLON DYNAMIC VALUE ETF
ETF Education Report: BNY Mellon Dynamic Value ETF (BKDV)
What this ETF is trying to do
The BNY Mellon Dynamic Value ETF (ticker: BKDV) is an exchange-traded fund listed on the NYSE. An ETF is a basket of different investments that you can buy or sell like a single stock. This specific fund holds various companies, including large names like Amazon and Microsoft.
What the numbers show
When looking at how an ETF performs, it is important to look at two different types of returns: price return and total return.
• Price Return: This measures only the change in the share price. For BKDV, the one-year price return was approximately 22.63%. The year-to-date (YTD) price return was approximately 18.40%.
• Total Return: This includes the price change plus any cash distributions (dividends) paid out to investors. The one-year total return for this ETF was approximately 23.38%.
To give you an idea of the price movement, the estimated price from roughly one year ago was $28.02. The current price is $34.36.
Income and distribution explanation
Some investors look for "income," which is cash paid out by the ETF. This is called a distribution yield. BKDV has a distribution yield of approximately 0.52%. The data shows that distributions for this fund are "irregular," meaning they do not happen on a set schedule. In the last 12 months, there was one payout.
NAV erosion explanation
"NAV erosion" is a term used to describe when the value of the underlying assets in an ETF decreases significantly over time. It is important to note that a falling share price does not always mean NAV erosion is happening. For this ETF, the erosion-risk score is 100, and the label states "No price erosion detected." There is no severe erosion-risk flag for this fund.
Top Holdings
The following are the top holdings in this portfolio (note that this is a partial list):
• AMAZON.COM INC (6.03%)
• MICROSOFT CORP (4.93%)
• JPMORGAN CHASE & CO (3.99%)
• UNITEDHEALTH GROUP INC (2.79%)
• BERKSHIRE HATHAWAY INC CLASS B (2.76%)
• JOHNSON & JOHNSON (2.75%)
• CISCO SYSTEMS INC (2.60%)
• SLB LTD (2.42%)
• THERMO FISHER SCIENTIFIC INC (2.23%)
• ASSURANT INC (2.11%)
Pros
• The ETF has shown positive price returns over the last year and year-to-date.
• The erosion-risk measurement is rated as "good."
Cons
• The distribution yield is relatively low at 0.52%.
• Distributions are irregular rather than frequent or predictable.
Beginner takeaway
When studying BKDV, remember that the price of a share and the total return (which includes cash payouts) are different numbers. While this fund has seen price growth recently, always remember that past performance does not guarantee what will happen in the future.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | AMAZON.COM INC | AMZN | 6.17% |
| 2 | MICROSOFT CORP | MSFT | 5.80% |
| 3 | JPMORGAN CHASE & CO | JPM | 3.83% |
| 4 | APPLE INC | AAPL | 3.36% |
| 5 | JOHNSON & JOHNSON | JNJ | 2.59% |
| 6 | BERKSHIRE HATHAWAY INC CLASS B | BRK-B | 2.46% |
| 7 | UNITEDHEALTH GROUP INC | UNH | 2.31% |
| 8 | SLB LTD | SLB | 2.27% |
| 9 | ASSURANT INC | AIZ | 2.23% |
| 10 | THERMO FISHER SCIENTIFIC INC | TMO | 2.15% |