BKDV ETF — Holdings & Analysis

With an expense ratio of 0.60%, BKDV seeks companies with attractive valuations, strong fundamentals, and catalyst-driven business momentum, primarily focusing on large-cap companies, offering investors exposure to a dynamic selection of value-oriented stocks within a liquid ETF structure.

BNY Mellon Dynamic Value ETF (BKDV) ETF — Price, Holdings & Analysis

The BNY Mellon Dynamic Value ETF (BKDV) is an actively managed equity ETF with $1.00 billion in assets under management. It focuses on capital appreciation through investments in value stocks identified across multiple value indices. With an expense ratio of 0.60%, BKDV seeks companies with attractive valuations, strong fundamentals, and catalyst-driven business momentum, primarily focusing on large-cap companies, offering investors exposure to a dynamic selection of value-oriented stocks within a liquid ETF structure.

ETF Overview

The fund seeks capital appreciation by investing primarily in value stocks — stocks that are included in at least one of the Russell 3000 Value Index, the S&P Composite 1500 Value Index or the MSCI ACWI Value Index, or a company that has a lower price-to-book ratio than the S&P 500 Index. The fund's managers look to identify companies with attractive valuations, strong fundamentals and catalyst-driven business momentum. The fund can invest in companies of any size, but generally focuses on the stocks of large capitalization companies. Liquid ETF structure allows investors to buy or sell any time the market is open.

The BNY Mellon Dynamic Value ETF (BKDV) aims for capital appreciation by investing in value stocks. The fund's investment universe includes stocks from the Russell 3000 Value Index, the S&P Composite 1500 Value Index, or the MSCI ACWI Value Index, and companies with lower price-to-book ratios than the S&P 500 Index. The fund managers actively select companies with attractive valuations, strong fundamentals, and business momentum catalysts. BKDV primarily invests in large-capitalization companies, providing exposure to established businesses. The ETF's top holdings include Berkshire Hathaway Inc Class B (3.41%), JPMorgan Chase & Co (3.03%), and Exxon Mobil Corp (3.00%). Sector allocation is heavily weighted towards Financial Services (26.3%), Industrials (14.8%), and Healthcare (14.5%). This concentrated approach differentiates BKDV from passively managed value ETFs, offering the potential for outperformance through active stock selection.

Risk Metrics

BKDV's active management introduces stock selection risk, as the fund's performance depends on the manager's ability to identify undervalued companies. The fund's sector allocation presents concentration risk, with significant exposure to Financial Services (26.3%), Industrials (14.8%), and Healthcare (14.5%), meaning that sector-specific downturns could disproportionately impact the fund's performance. With a Beta (3Y) of 0.00, BKDV has demonstrated very low volatility relative to the market, but this may not persist. The expense ratio of 0.60% creates an expense drag on returns, which can be a concern in periods of lower market returns. The fund's focus on value stocks may underperform growth stocks in certain market environments. Past performance does not guarantee future results.

Expense Ratio

0.60%

What does BKDV hold?

Holding	Weight
Berkshire Hathaway Inc Class B (BRK-B)	3.41%
JPMorgan Chase & Co (JPM)	3.03%
Exxon Mobil Corp (XOM)	3.00%
Cisco Systems Inc (CSCO)	2.98%
Johnson & Johnson (JNJ)	2.89%
Applied Materials Inc (AMAT)	2.53%
L3Harris Technologies Inc (LHX)	2.26%
Texas Instruments Inc (TXN)	2.20%
Assurant Inc (AIZ)	2.16%
UnitedHealth Group Inc (UNH)	2.04%

How Is the Fund Allocated?

Sector	Weight
Financial Services	26.3%
Industrials	14.8%
Healthcare	14.5%
Technology	11.2%
Energy	10.6%
Communication Services	8.3%
Consumer Cyclical	6.2%
Basic Materials	3.1%
Consumer Defensive	3.0%
Real Estate	1.2%
Utilities	0.8%

Country	Weight
Other	2.7%
United States	91.0%
Switzerland	2.2%
United Kingdom	0.6%
Ireland	3.5%

Dividend Yield

0.00%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

BNY Mellon Women's Opportunities ETF (BKWO) (Equity) — 0.50% expense ratio
BNY Mellon Municipal Intermediate ETF (BKMI) (Fixed Income) — 0.35% expense ratio
BNY Mellon Municipal Short Duration ETF (BKMS) (Fixed Income) — 0.35% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is BKDV and what does it track?

The BNY Mellon Dynamic Value ETF (BKDV) is an actively managed equity ETF that seeks capital appreciation by investing primarily in value stocks.

The fund's investment universe includes stocks from the Russell 3000 Value Index, the S&P Composite 1500 Value Index, or the MSCI ACWI Value Index, and companies with lower price-to-book ratios than the S&P 500 Index.

What is the expense ratio for BKDV?

The BNY Mellon Dynamic Value ETF (BKDV) has an expense ratio of 0.60%. This means that for every $10,000 invested, $60 is used to cover the fund's operating expenses annually.

While this is not extremely high, it is higher than some passively managed ETFs that track similar value indices.

What are the top holdings in BKDV?

As of 2026-03-15, the top holdings in the BNY Mellon Dynamic Value ETF (BKDV) are Berkshire Hathaway Inc Class B, representing 3.41% of the fund's assets.

JPMorgan Chase & Co accounts for 3.03%, and Exxon Mobil Corp comprises 3.00% of the fund. Cisco Systems Inc is another significant holding at 2.98%, followed by Johnson & Johnson at 2.89%.

Is BKDV a good long-term investment?

Whether BKDV is a suitable long-term investment depends on an individual investor's risk tolerance, investment goals, and time horizon.

The fund's focus on value stocks may provide downside protection in certain market environments, but value stocks can also underperform growth stocks for extended periods. BKDV's expense ratio of 0.60% should be factored into long-term return expectations.

How does BKDV compare to similar ETFs?

BKDV differentiates itself from similar ETFs through its active management approach and dynamic stock selection process. While many value ETFs passively track indices, BKDV's managers actively identify companies with attractive valuations, strong fundamentals, and catalyst-driven business momentum.

Does BKDV pay dividends?

As of 2026-03-15, the BNY Mellon Dynamic Value ETF (BKDV) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing any dividends to its shareholders.

Investors seeking current income may want to consider other dividend-focused ETFs. However, BKDV's primary objective is capital appreciation, and the fund may reinvest any dividends received from its holdings back into the portfolio.