BNY Mellon Ultra Short Income ETF
BKUI
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 240 Greenwich Street New York NY United States of America 10286
- IPO Date
- Oct 19, 2021
- CIK
- 0001493580
- Website
- bny.com
- Similar Companies
- Business
- BNY Mellon Ultra Short Income ETF (BKUI) is an actively managed exchange-traded fund that seeks to provide high current income with low volatility and preservation of liquidity by investing primarily in investment-grade, USD-denominated fixed income securities featuring ultra-short effective duration. The fund's portfolio includes commercial paper, such as SKANDINAVISKA ENSKILDA BANKEN 0% CP due 03/02/2026 and MANHATTAN ASSET FDG CO LLC 0% CP due 04/20/2026; floating rate notes, including NATIONAL AUSTRALI BANK L FRN due 03/05/2026 and OLD LINE FUNDING LLC FRN due 07/02/2026; U.S. Treasury notes, such as US TREASURY N/B 4% due 1/15/2027; and corporate bonds from issuers like Merck & Co Inc 3.85% due 9/15/2027, Morgan Stanley Bank NA FRN due 5/26/2028, and Eli Lilly & Co 4.55% due 2/12/2028; with cash equivalents comprising a significant allocation. It targets investors seeking yields superior to money market funds while mitigating downside risk through active risk management by an experienced cash management team led by Portfolio Managers Stephen Murphy, CFA, and Anthony Honko. Launched on August 9, 2021, and listed on NYSE Arca, the ETF is managed by BNY Mellon Investment Adviser, Inc., a subsidiary of The Bank of New York Mellon Corporation, with headquarters in New York, United States, and operates globally through its diversified holdings in U.S. and non-U.S. bonds. The fund maintains a net expense ratio of 0.12% (gross 0.13%, with contractual fee waiver through 10/31/26), total net assets of approximately $235 million as of late 2025, an average effective duration under 0.6 years, and a 30-day SEC yield of around 4.05% as of mid-December 2025. It belongs to the ultrashort bond category, benchmarked against the ICE BofA 3-Month U.S. Treasury Bill Index, delivering since-inception annualized returns of about 3.55% (NAV) through November 2025, outperforming its benchmark in total return while emphasizing liquidity via its ETF structure. Recent developments for BNY Mellon, the ETF's sponsor, include a September 2024 agreement to acquire Archer Holdco, a provider of managed account solutions, to enhance its enterprise platform for retail managed accounts and model portfolio distribution. In July 2025, BNY Mellon entered a custodial partnership with Ripple to serve as primary custodian for reserves of its U.S. dollar-pegged stablecoin RLUSD, supporting institutional digital asset growth amid regulatory easing. These strategic moves bolster BNY Mellon's broader asset servicing capabilities, indirectly benefiting ETF offerings like BKUI through expanded infrastructure, with no material changes reported directly to the fund's operations or portfolio strategy in the past 1-2 years.