Shareholder Report
Jun. 30, 2026
USD ($)
Holding
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund’s costs for the last year ?
(based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| BNY Mellon Ultra Short Income ETF* | $12 | 0.12% |
| * |
During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon ETF Investment Adviser, LLC. If this agreement is not extended in the future, expenses could be higher.
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How did the Fund perform last year ?
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For the 12-month period ended June 30, 2026, the Fund’s shares returned 4.03% on a net asset value basis and 4.03% on a market price basis.
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In comparison, the ICE BofA 3-Month U.S. Treasury Bill Index (the “Index”) returned 3.84% for the same period.
What affected the Fund’s performance?
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Ultra-short fixed-income securities gained ground during the reporting period, as interest income and the market’s short duration offset price declines caused by rising one-year U.S. Treasury yields.
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The strongest contributors to the Fund’s performance relative to the Index included exposure to money market securities and floating-rate securities.
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Exposure to investment-grade corporate securities also contributed positively, supported by yield carry and continued resiliency in the credit markets.
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No factors significantly detracted from the Fund’s relative performance during the period.
How did the Fund perform since its inception?
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Cumulative Performance from August 9, 2021 through June 30, 2026
Initial Investment of $10,000
Initial Investment of $10,000
The above graph compares a hypothetical $10,000 investment in the Fund’s shares to a hypothetical investment of $10,000 made in each of the Bloomberg U.S. Aggregate Bond Index (a broad-based index) and ICE BofA 3-Month U.S. Treasury Bill Index on 8/9/2021, the Fund’s inception. The performance shown takes into account applicable fees and expenses of the Fund, including management fees and other expenses. The Fund’s performance also assumes the reinvestment of dividends and capital gains. Unlike the Fund, the indexes are not subject to fees and other expenses. Investors cannot invest directly in any index.
AVERAGE ANNUAL TOTAL RETURNS (AS OF 6/30/26 )
| 1YR | SINCE INCEPTION (August 9, 2021) |
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| BNY Mellon Ultra Short Income ETF - NAV Return | 4.03% | 3.54% | ||
| Bloomberg U.S. Aggregate Bond Index (broad-based index) | 3.79% | -0.03% | ||
| ICE BofA 3-Month U.S. Treasury Bill Index | 3.84% | 3.60% |
KEY FUND STATISTICS (AS OF 6/30/26 )
Fund Size (Millions) |
Number of Holdings |
Total Advisory Fee Paid During Period |
Annual Portfolio Turnover |
| $575 | 157 | $396,586 | 13.55% |
Portfolio Holdings (as of 6/30/26 )
Sector Allocation (Based on Net Assets)
Allocation of Holdings (Based on Net Assets)
How has the Fund changed?
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Effective October 31, 2025, BNY Mellon ETF Investment Adviser, LLC (the “Adviser”) has contractually agreed, until at least October 31, 2026, to assume the direct expenses of the Fund so that the Fund’s total annual operating expenses (including acquired fund fees and expenses (if any)) (excluding payments under the Fund’s 12b-1 plan (if any), interest expenses (if any), taxes, brokerage commissions, costs of holding shareholder meetings, fees and expenses associated with any securities lending program adopted by the Fund, and litigation and potential litigation and other extraordinary expenses not incurred in the ordinary course of the Fund’s business) do not exceed 0.12% of the Fund’s average daily net assets. Prior to October 31, 2026, this expense limitation agreement may only be terminated by the Fund’s board. On or after October 31, 2026, the Adviser may terminate this expense limitation agreement at any time.
This is a summary of certain changes to the Fund since July 1, 2025 . For more complete information, you may review the Fund’s current prospectus dated October 31, 2025 at bny.com/investments/etfliterature or upon request at 1-833-383-2696 or by calling your financial adviser.
Effective October 31, 2025, BNY Mellon ETF Investment Adviser, LLC (the “Adviser”) has contractually agreed, until at least October 31, 2026, to assume the direct expenses of the Fund so that the Fund’s total annual operating expenses (including acquired fund fees and expenses (if any)) (excluding payments under the Fund’s 12b-1 plan (if any), interest expenses (if any), taxes, brokerage commissions, costs of holding shareholder meetings, fees and expenses associated with any securities lending program adopted by the Fund, and litigation and potential litigation and other extraordinary expenses not incurred in the ordinary course of the Fund’s business) do not exceed 0.12% of the Fund’s average daily net assets. Prior to October 31, 2026, this expense limitation agreement may only be terminated by the Fund’s board. On or after October 31, 2026, the Adviser may terminate this expense limitation agreement at any time.
This is a summary of certain changes to the Fund since July 1, 2025 . For more complete information, you may review the Fund’s current prospectus dated October 31, 2025 at bny.com/investments/etfliterature or upon request at 1-833-383-2696 or by calling your financial adviser.
| [1] | During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon ETF Investment Adviser, LLC. If this agreement is not extended in the future, expenses could be higher. |