UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number
811-23977
(Exact name of registrant as specified in charter)
240 Greenwich Street
New York, New York 10286
(Address of Principal Executive Officer) (Zip Code)
Deirdre Cunnane, Esq.
240 Greenwich Street
New York, New York 10286
(Name and Address of Agent for Service)
Registrant's telephone number, including area code:
(212) 922-6400
Date of fiscal year end:
8/31
Date of reporting period:
The following N-CSR relates only to the Registrant's series listed below and does not relate to any series of the Registrant with a different fiscal year end and, therefore, different N-CSR reporting requirements. A separate N-CSR will be filed for any series with a different fiscal year end, as appropriate.
BNY Mellon Enhanced Dividend and Income ETF
BNY Mellon Core Plus ETF
BNY Mellon Active Core Bond ETF
BNY Mellon Municipal Opportunities ETF
BNY Mellon Municipal Intermediate ETF
BNY Mellon Municipal Short Duration ETF
BNY Mellon Core Plus ETF
BNY Mellon Active Core Bond ETF
BNY Mellon Municipal Opportunities ETF
BNY Mellon Municipal Intermediate ETF
BNY Mellon Municipal Short Duration ETF
ITEM 1 - Reports to Stockholders
ANNUAL
SHAREHOLDER
REPORT
SHAREHOLDER
REPORT
August 31, 2026
Ticker – BEDY ()
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 Enhanced Dividend and Income ETF* | $ |
| * |
|
How did the Fund perform last year ?
-
For the 12-month period ended August 31, 2026, the Fund’s shares returned 23.15% on a net asset value basis and 23.40% on a market price basis.
-
In comparison, the Russell 1000® Value Index (the “Index”) returned 29.72% for the same period.
What affected the Fund’s performance?
-
U.S. markets moved higher over the period as stronger corporate earnings and Artificial Intelligence (AI) spending overcame concerns about renewed conflict in the Middle East, rising inflation and global interest rates.
-
The strongest contributors to the Fund’s performance relative to the Index included stock selection in communication services and energy, and sector positioning in consumer discretionary.
-
The most significant detractors included stock selection and sector positioning in information technology, materials and financials, including not owning the high-growth AI names in the Index.
How did the Fund perform over the past 10 years?
Cumulative Performance from September 1 , 2016 through August 31, 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 Russell 1000® Index (a broad-based index), Russell 1000® Value Index and Dow Jones U.S. Select Dividend™ Index on 8/31/2016. The performance shown takes into account applicable fees and expenses of the Fund, including management fees, 12b-1 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 8/31/26 )
| 1YR | 5YR | 10YR | ||||
|
*
|
|
|
**
|
|
Periods prior to the inception date of the Fund’s ETF shares (12/5/2025 ) reflect the performance of BNY Mellon Income Stock Fund’s Class M shares. Such performance figures have not been adjusted to reflect applicable fees and expenses of the Fund’s ETF shares.
The performance data quoted represent past performance, which is no guarantee of future results. For more current information visit bny.com/investments/etfliterature .
KEY FUND STATISTICS (AS OF 8/31/26 )
Fund Size (Millions) |
Number of Holdings |
Total Advisory Fee Paid During Period |
Annual Portfolio Turnover |
| $ |
$ |
Portfolio Holdings (as of 8/31/26 )
Top Ten Holdings (Based on Net Assets) *
* Excludes money market funds or other short-term securities held for the investment of cash and cash collateral for securities loaned, if any.
Sector Allocation (Based on Net Assets)
How has the Fund changed?
-
On December 5, 2025, BNY Mellon Income Stock Fund (“Predecessor Fund”), a series of BNY Mellon Funds Trust, was reorganized into the Fund (“Reorganization”). The Fund commenced operations upon completion of the Reorganization and continues the operations of the Predecessor Fund. Prior to the Reorganization, the Predecessor Fund’s Class A, Class C, Class I, Class Y, and Investor shares redesignated into Class M shares. In addition, the Predecessor Fund’s Class M shares effected a reverse share split to approximate the net asset value per share of the Fund prior to the Reorganization.
Changes in or Disagreements with Accountants
This is a summary of certain changes to the Fund since September 1, 2025 . For more complete information, you may review the Fund’s current prospectus dated December 5, 2025 at bny.com/investments/etfliterature or upon request at 1-833-383-2696 or by calling your financial adviser.
For additional information about the Fund, including its prospectus, financial information, portfolio holdings and proxy voting information, please visit bny.com/investments/etfliterature .
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value
© 2026 BNY Mellon Securities Corporation, Distributor,
240 Greenwich Street, 9th Floor, New York, NY 10286
Code-4870AR0826
ANNUAL
SHAREHOLDER
REPORT
SHAREHOLDER
REPORT
August 31, 2026
Ticker – BCPL ()
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 Core Plus ETF | $ |
How did the Fund perform last year ?
-
For the 12-month period ended August 31, 2026, the Fund’s shares returned 2.16% on a net asset value basis and 2.36% on a market price basis.
-
In comparison, the Bloomberg U.S. Aggregate Bond Index returned 1.89% for the same period.
What affected the Fund’s performance?
-
Despite higher interest rates, bond markets delivered positive total returns. Risk assets also performed well, supported by a strong labor market and a favorable domestic economic outlook.
-
The strongest contributors to the Fund’s relative performance came from overweight allocations to high yield corporate and emerging market debt.
-
Security selection in the municipal, sovereign utility and financial hybrid sectors, along with certain non-U.S. interest rate positions, also contributed meaningfully to relative performance.
-
Interest rate positioning was a headwind throughout the reporting period, as inflation failed to moderate meaningfully, and front-end interest rates remained stubbornly high.
How did the Fund perform over the past 10 years?
Cumulative Performance from September 1 , 2016 through August 31, 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 Bloomberg U.S. Intermediate Credit Index on 8/31/2016. 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 8/31/26 )
| 1YR | 5YR | 10YR | ||||
| - |
||||||
|
*
|
|
Periods prior to the inception date of the Fund’s ETF shares (1/9/2026 ) reflect the performance of BNY Mellon Corporate Bond Fund’s Class M shares. Such performance figures have not been adjusted to reflect applicable fees and expenses of the Fund’s ETF shares.
The performance data quoted represent past performance, which is no guarantee of future results. For more current information visit bny.com/investments/etfliterature .
KEY FUND STATISTICS (AS OF 8/31/26 )
Fund Size (Millions) |
Number of Holdings |
Total Advisory Fee Paid During Period |
Annual Portfolio Turnover |
| $ |
$ |
Portfolio Holdings (as of 8/31/26 )
Sector Allocation (Based on Net Assets)
Allocation of Holdings (Based on Net Assets)
* Amount represents less than .1%.
How has the Fund changed?
-
On January 9, 2026, BNY Mellon Corporate Bond Fund (“Predecessor Fund”), a series of BNY Mellon Funds Trust, was reorganized into the Fund (“Reorganization”). The Fund commenced operations upon completion of the Reorganization and continues the operations of the Predecessor Fund. Prior to the Reorganization, the Predecessor Fund’s Investor Shares redesignated into Class M shares. In addition, the Predecessor Fund’s Class M shares effected a reverse share split to approximate the net asset value per share of the Fund prior to the Reorganization.
-
In addition, effective October 1, 2025, BNY Mellon Investment Adviser, Inc., the Predecessor Fund’s investment adviser, engaged its affiliate, Insight North America LLC (“INA”), to serve as the sub-adviser to the Predecessor Fund.
Changes in or Disagreements with Accountants
This is a summary of certain changes to the Fund since September 1, 2025 . For more complete information, you may review the Fund’s current prospectus dated December 31, 2025 at bny.com/investments/etfliterature or upon request at 1-833-383-2696 or by calling your financial adviser.
For additional information about the Fund, including its prospectus, financial information, portfolio holdings and proxy voting information, please visit bny.com/investments/etfliterature .
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value
© 2026 BNY Mellon Securities Corporation, Distributor,
240 Greenwich Street, 9th Floor, New York, NY 10286
Code-4871AR0826
ANNUAL
SHAREHOLDER
REPORT
SHAREHOLDER
REPORT
August 31, 2026
Ticker – BKFI ()
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 Active Core Bond ETF | $ |
How did the Fund perform last year ?
-
For the 12-month period ended August 31, 2026, the Fund’s shares returned 0.99% on a net asset value basis and 0.78% on a market price basis.
-
In comparison, the Bloomberg U.S. Aggregate Bond Index (the “Index”) returned 1.89% for the same period.
What affected the Fund’s performance?
-
Despite higher interest rates, bond markets delivered positive total returns. Risk assets also performed well, supported by a strong labor market and a favorable domestic economic outlook.
-
The strongest contributors to the Fund’s performance relative to the Index included overweight allocations to corporate bonds, emerging markets, asset-backed securities and non-agency mortgage-backed securities.
-
Within the corporate bond sector, overweight positions in high yield, banks, utilities and finance companies were beneficial, as was security selection favoring non-traditional asset-backed securities sectors and collateralized loan obligations.
-
Interest rate positioning detracted from relative performance throughout the period, as inflation failed to moderate meaningfully and front-end interest rates remained stubbornly high.
-
Overweight exposure to agency mortgage-backed securities and underweight exposure to commercial mortgage-backed securities also detracted, as did security selection within taxable municipals.
How did the Fund perform over the past 10 years?
Cumulative Performance from September 1 , 2016 through August 31, 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), Bloomberg U.S. Government/Credit Bond Index (a broad-based index) and Bloomberg U.S. Intermediate Government/Credit Index on 8/31/2016. 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 8/31/26 )
| 1YR | 5YR | 10YR | ||||
| - |
||||||
| - |
||||||
|
*
|
Effective January 12, 2026, the date shares of the Fund began trading on NYSE Arca, Inc., the Fund’s broad-based benchmark will be the Bloomberg U.S. Aggregate Bond Index. Additionally, effective January 12, 2026, the Fund will no longer use the Bloomberg U.S. Intermediate Government/Credit Index as a performance-based benchmark. Insight North America LLC, the Fund’s sub-adviser, believes the Bloomberg U.S. Aggregate Bond Index is a more appropriate performance comparison given the Fund’s investment strategy and Insight North America LLC’s investment process.
|
|
**
|
Performance of the indices will not be shown in the future.
|
Periods prior to the inception date of the Fund’s ETF shares (1/9/2026 ) reflect the performance of BNY Mellon Intermediate Bond Fund’s Class M shares. Such performance figures have not been adjusted to reflect applicable fees and expenses of the Fund’s ETF shares.
The performance data quoted represent past performance, which is no guarantee of future results. For more current information visit bny.com/investments/etfliterature .
KEY FUND STATISTICS (AS OF 8/31/26 )
Fund Size (Millions) |
Number of Holdings |
Total Advisory Fee Paid During Period |
Annual Portfolio Turnover |
| $ |
$ |
Portfolio Holdings (as of 8/31/26 )
Sector Allocation (Based on Net Assets)
Allocation of Holdings (Based on Net Assets)
How has the Fund changed?
-
On January 9, 2026, BNY Mellon Intermediate Bond Fund (“Predecessor Fund”), a series of BNY Mellon Funds Trust, was reorganized into the Fund (“Reorganization”). The Fund commenced operations upon completion of the Reorganization and continues the operations of the Predecessor Fund. Prior to the Reorganization, the Predecessor Fund’s Investor Shares redesignated into Class M shares. In addition, the Predecessor Fund’s Class M shares effected a reverse share split to approximate the net asset value per share of the Fund prior to the Reorganization.
-
In addition, effective October 1, 2025, BNY Mellon Investment Adviser, Inc., the Predecessor Fund’s investment adviser, engaged its affiliate, Insight North America LLC (“INA”), to serve as the sub-adviser to the Predecessor Fund.
Changes in or Disagreements with Accountants
This is a summary of certain changes to the Fund since September 1, 2025 . For more complete information, you may review the Fund’s current prospectus dated December 31, 2025 at bny.com/investments/etfliterature or upon request at 1-833-383-2696 or by calling your financial adviser.
For additional information about the Fund, including its prospectus, financial information, portfolio holdings and proxy voting information, please visit bny.com/investments/etfliterature .
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value
© 2026 BNY Mellon Securities Corporation, Distributor,
240 Greenwich Street, 9th Floor, New York, NY 10286
Code-4872AR0826
ANNUAL
SHAREHOLDER
REPORT
SHAREHOLDER
REPORT
August 31, 2026
Ticker – BMOP ()
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 Municipal Opportunities ETF* | $ |
| * |
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.
|
How did the Fund perform last year ?
-
For the 12-month period ended August 31, 2026, the Fund’s shares returned 5.29% on a net asset value basis and 5.42% on a market price basis.
-
In comparison, the Bloomberg U.S. Municipal Bond Index (the “Index”) returned 4.12% for the same period.
What affected the Fund’s performance?
-
The municipal bond market generated a positive total return, the majority produced by yield, with modest price appreciation despite high volatility also supporting returns.
-
Relative to the Index, the Fund’s longer curve exposure was additive to performance.
-
The Fund also benefited from strong security selection and asset allocation due to greater credit exposure relative to the broader market.
-
The most significant detractors included overweight exposure to education bonds, as well as certain tactical duration hedging activity.
How did the Fund perform over the past 10 years?
Cumulative Performance from September 1 , 2016 through August 31, 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. Municipal Bond Index (a broad-based index) and S&P Municipal Bond Index (a broad-based index) on 8/31/2016. 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 8/31/26 )
| 1YR | 5YR | 10YR | ||||
|
*
|
|
|
**
|
Performance of the index will not be shown in the future.
|
Periods prior to the inception date of the Fund’s ETF shares (1/9/2026 ) reflect the performance of BNY Mellon Municipal Opportunities Fund’s Class M shares. Such performance figures have not been adjusted to reflect applicable fees and expenses of the Fund’s ETF shares.
The performance data quoted represent past performance, which is no guarantee of future results. For more current information visit bny.com/investments/etfliterature .
KEY FUND STATISTICS (AS OF 8/31/26 )
Fund Size (Millions) |
Number of Holdings |
Total Advisory Fee Paid During Period |
Annual Portfolio Turnover |
| $ |
$ |
Portfolio Holdings (as of 8/31/26 )
Sector Allocation (Based on Net Assets)
State Allocation (Based on Net Assets)
How has the Fund changed?
-
On January 9, 2026, BNY Mellon Municipal Opportunities Fund (“Predecessor Fund”), a series of BNY Mellon Funds Trust, was reorganized into the Fund (“Reorganization”). The Fund commenced operations upon completion of the Reorganization and continues the operations of the Predecessor Fund. Prior to the Reorganization, the Predecessor Fund’s Investor Shares redesignated into Class M shares. In addition, the Predecessor Fund’s Class M shares effected a reverse share split to approximate the net asset value per share of the Fund prior to the Reorganization.
-
In addition, effective October 1, 2025, BNY Mellon Investment Adviser, Inc., the Predecessor Fund’s investment adviser, engaged its affiliate, Insight North America LLC (“INA”), to serve as the sub-adviser to the Predecessor Fund.
-
Changes in or Disagreements with Accountants
This is a summary of certain changes to the Fund since September 1, 2025 . For more complete information, you may review the Fund’s current prospectus dated December 31, 2025 at bny.com/investments/etfliterature or upon request at 1-833-383-2696 or by calling your financial adviser.
For additional information about the Fund, including its prospectus, financial information, portfolio holdings and proxy voting information, please visit bny.com/investments/etfliterature .
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value
© 2026 BNY Mellon Securities Corporation, Distributor,
240 Greenwich Street, 9th Floor, New York, NY 10286
Code-4875AR0826
ANNUAL
SHAREHOLDER
REPORT
SHAREHOLDER
REPORT
August 31, 2026
Ticker – BKMI ()
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 Municipal Intermediate ETF | $ |
How did the Fund perform last year ?
-
For the 12-month period ended August 31, 2026, the Fund’s shares returned 2.90% on a net asset value basis and 2.86% on a market price basis.
-
In comparison, the Bloomberg Municipal 3-15 Years Blend Index (the “Index”) returned 2.72% for the same period.
What affected the Fund’s performance?
-
The municipal bond market generated a positive total return, primarily produced by yield, with modest price appreciation, despite high volatility, also supporting returns.
-
The strongest contributors to the Fund’s performance relative to the Index included longer intermediate curve exposure and relatively high credit exposure.
-
Overweight allocations to the education, tobacco and health care sectors were particular strengths.
-
The most significant detractors from relative performance included the Fund’s exposure to water & sewer and special tax securities.
How did the Fund perform over the past 10 years?
Cumulative Performance from September 1 , 2016 through August 31, 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. Municipal Bond Index (a broad-based index), S&P Municipal Bond Index (a broad-based index), Bloomberg Municipal 3-15 Years Blend Index and S&P Municipal Bond Investment Grade Intermediate Index on 8/31/2016. 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 8/31/26 )
| 1YR | 5YR | 10YR | ||||
|
*
|
|
|
**
|
Performance of the indices will not be shown in the future.
|
Periods prior to the inception date of the Fund’s ETF shares (1/9/2026 ) reflect the performance of BNY Mellon National Intermediate Municipal Bond Fund’s Class M shares. Such performance figures have not been adjusted to reflect applicable fees and expenses of the Fund’s ETF shares.
The performance data quoted represent past performance, which is no guarantee of future results. For more current information visit bny.com/investments/etfliterature .
KEY FUND STATISTICS (AS OF 8/31/26 )
Fund Size (Millions) |
Number of Holdings |
Total Advisory Fee Paid During Period |
Annual Portfolio Turnover |
| $ |
$ |
Portfolio Holdings (as of 8/31/26 )
Sector Allocation (Based on Net Assets)
State Allocation (Based on Net Assets)
How has the Fund changed?
-
On January 9, 2026, BNY Mellon National Intermediate Municipal Bond Fund (“Predecessor Fund”), a series of BNY Mellon Funds Trust, was reorganized into the Fund (“Reorganization”). The Fund commenced operations upon completion of the Reorganization and continues the operations of the Predecessor Fund. Prior to the Reorganization, the Predecessor Fund’s Investor Shares redesignated into Class M shares. In addition, the Predecessor Fund’s Class M shares effected a reverse share split to approximate the net asset value per share of the Fund prior to the Reorganization.
-
In addition, effective October 1, 2025, BNY Mellon Investment Adviser, Inc., the Predecessor Fund’s investment adviser, engaged its affiliate, Insight North America LLC (“INA”), to serve as the sub-adviser to the Predecessor Fund.
Changes in or Disagreements with Accountants
This is a summary of certain changes to the Fund since September 1, 2025 . For more complete information, you may review the Fund’s current prospectus dated December 31, 2025 at bny.com/investments/etfliterature or upon request at 1-833-383-2696 or by calling your financial adviser.
For additional information about the Fund, including its prospectus, financial information, portfolio holdings and proxy voting information, please visit bny.com/investments/etfliterature .
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value
© 2026 BNY Mellon Securities Corporation, Distributor,
240 Greenwich Street, 9th Floor, New York, NY 10286
Code-4874AR0826
ANNUAL
SHAREHOLDER
REPORT
SHAREHOLDER
REPORT
August 31, 2026
Ticker – BKMS ()
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 Municipal Short Duration ETF* | $ |
| * |
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.
|
How did the Fund perform last year ?
-
For the 12-month period ended August 31, 2026, the Fund’s shares returned 2.14% on a net asset value basis and 2.18% on a market price basis.
-
In comparison, the Bloomberg Municipal 1-3 Years Index (the “Index”) returned 2.13% for the same period.
What affected the Fund’s performance?
-
The municipal bond market generated a positive total return, primarily produced by yield, with modest price appreciation, despite high volatility, also supporting returns.
-
The strongest contributors to the Fund’s performance relative to the Index included favorable curve exposure and relatively high credit exposure.
-
Overweight allocations to the higher education, housing and health care sectors were particular strengths.
-
The most significant detractors from relative performance included the Fund’s exposure to water & sewer and special tax securities.
How did the Fund perform over the past 10 years?
Cumulative Performance from September 1 , 2016 through August 31, 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. Municipal Bond Index (a broad-based index), S&P Municipal Bond Index (a broad-based index), Bloomberg Municipal 1-3 Years Index and S&P Municipal Bond Investment Grade Short Index on 8/31/2016. 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 8/31/26 )
| 1YR | 5YR | 10YR | ||||
|
*
|
Effective January 12, 2026, the date shares of the Fund began trading on The Nasdaq Stock Market LLC, the Fund’s broad-based benchmark and performance-based benchmark will be the Bloomberg U.S. Municipal Bond Index and Bloomberg Municipal 1-3 Years Index, respectively. Insight North America LLC, the Fund’s sub-adviser, believes the Bloomberg indexes are more appropriate comparisons given the Fund’s investment strategy and Insight North America LLC’s investment process.
|
|
**
|
Performance of the indices will not be shown in the future.
|
Periods prior to the inception date of the Fund’s ETF shares (1/9/2026 ) reflect the performance of BNY Mellon National Short-Term Municipal Bond Fund’s Class M shares. Such performance figures have not been adjusted to reflect applicable fees and expenses of the Fund’s ETF shares.
The performance data quoted represent past performance, which is no guarantee of future results. For more current information visit bny.com/investments/etfliterature .
KEY FUND STATISTICS (AS OF 8/31/26 )
Fund Size (Millions) |
Number of Holdings |
Total Advisory Fee Paid During Period |
Annual Portfolio Turnover |
| $ |
$ |
Portfolio Holdings (as of 8/31/26 )
Sector Allocation (Based on Net Assets)
State Allocation (Based on Net Assets)
How has the Fund changed?
-
On January 9, 2026, BNY Mellon National Short-Term Municipal Bond Fund (“Predecessor Fund”), a series of BNY Mellon Funds Trust, was reorganized into the Fund (“Reorganization”). The Fund commenced operations upon completion of the Reorganization and continues the operations of the Predecessor Fund. Prior to the Reorganization, the Predecessor Fund’s Investor Shares redesignated into Class M shares. In addition, the Predecessor Fund’s Class M shares effected a reverse share split to approximate the net asset value per share of the Fund prior to the Reorganization.
-
In addition, effective October 1, 2025, BNY Mellon Investment Adviser, Inc., the Predecessor Fund’s investment adviser, engaged its affiliate, Insight North America LLC (“INA”), to serve as the sub-adviser to the Predecessor Fund.
Changes in or Disagreements with Accountants
This is a summary of certain changes to the Fund since September 1, 2025 . For more complete information, you may review the Fund’s current prospectus dated December 31, 2025 at bny.com/investments/etfliterature or upon request at 1-833-383-2696 or by calling your financial adviser.
For additional information about the Fund, including its prospectus, financial information, portfolio holdings and proxy voting information, please visit bny.com/investments/etfliterature .
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value
© 2026 BNY Mellon Securities Corporation, Distributor,
240 Greenwich Street, 9th Floor, New York, NY 10286
Code-4873AR0826
