ETF Evaluator:
BNY Mellon Concentrated Internatnl ETF (BKCI)
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(as of Aug 07)
Best Performing in Foreign Large Growth Over the Last Year
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ETF Details
BNY Mellon Concentrated Internatnl ETF Overview
BNY Mellon Concentrated Internatnl ETF (BKCI) is an actively managed International Equity Foreign Large Growth exchange-traded fund (ETF). BNY Mellon launched the ETF in 2021.
The investment seeks long-term total return.
The fund normally invests primarily in equity securities of foreign companies located in developed markets, excluding the U.S. The adviser considers "developed markets" to be countries included in the Morgan Stanley Capital International (MSCI) Europe, Australasia and Far East (EAFE®) Index and Canada. The fund may invest in equity securities of companies of any market capitalization. The fund is non-diversified.
About BNY Mellon Concentrated Internatnl ETF (BKCI)
There are 5 members of the management team with an average tenure of 2.71 years: Jane Henderson (2021), Roy Leckie (2021), Maxim Skorniakov (2022), Des Armstrong (2026) and Thomas Miedema (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: MSCI EAFE NR USD index with a weighting of 100%. BNY Mellon Concentrated Internatnl ETF has 30 securities in its portfolio. The top 10 holdings constitute 48.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
BNY Mellon Concentrated Internatnl ETF is part of the Equity global asset class and is within the International Equity ETF group. BNY Mellon Concentrated Internatnl ETF has 95.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 2.7% There is 95.5% allocated to foreign stock, and 1.7% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). BNY Mellon Concentrated Internatnl ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $131 million in total assets, which is below the $1 billion average for the Foreign Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BKCI Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The BNY Mellon Concentrated Internatnl ETF expense ratio is above average compared to funds in the Foreign Large Growth category. BNY Mellon Concentrated Internatnl ETF has an expense ratio of 0.65%, which is 11% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. BNY Mellon Concentrated Internatnl ETF has a portfolio turnover rate of 9%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 58% for the Foreign Large Growth category.
Recently, in the month of July 2026, BNY Mellon Concentrated Internatnl ETF returned -0.6%, which earned it a grade of B, as the Foreign Large Growth category had an average return of -2.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
BNY Mellon Concentrated Internatnl ETF has a trailing yield of 1.33%, which is above the 1.31% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
BNY Mellon Concentrated Internatnl ETF Grades
Year to date, the ETF has returned 3.5%, 4.8 percentage points worse than the category, which translates into a grade of D. The fund has returned 8.9% over the past year (grade of D) and 4.8% over the past three years (grade of F).
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BKCI Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BKCI Return (NAV) | -0.6% | 3.3% | 8.9% | 4.8% | na | na |
| BKCI Return (Price) | -0.8% | 2.9% | 9.2% | 4.7% | na | na |
| NAV +/- Price Return | 0.123% | 0.446% | -0.250% | 0.111% | na | na |
| Foreign Large Growth Avg | -2.8% | 3.0% | 16.7% | 12.4% | 3.9% | 8.5% |
| BKCI Grade (NAV) | B | C | D | F | na | na |
| +/- Category (NAV) | 2.2% | 0.3% | -7.8% | -7.6% | na | na |
| BKCI Tax-Cost Ratio | na | na | 0.3% | 0.3% | na | na |
BKCI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BKCI Return (NAV) | 3.5% | 9.8% | -1.6% | 17.8% | -18.8% | na | na | na | na | na | na |
| BKCI Return (Price) | 3.9% | 9.9% | -2.4% | 20.3% | -20.3% | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.096% | 0.017% | 0.492% | 0.142% | 0.078% | na | na | na | na | na | na |
| Foreign Large Growth Avg | 8.3% | 21.7% | 5.0% | 15.2% | -23.7% | 7.9% | 30.4% | 31.3% | -15.6% | 31.7% | -1.2% |
| BKCI Grade (NAV) | D | F | F | C | B | na | na | na | na | na | na |
| +/- Category | -4.8% | -11.9% | -6.6% | 2.5% | 4.9% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.83 |
| R-Squared: | 82% |
| Standard Deviation: | 12.6% |
| Category Risk Index: | 0.80 |
| Category Risk Rating: | Low |
| Total Risk Index: | 1.03 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 1.3% |
| Total Assets: | $ 131 Mil |
| Share Class Assets: | $ 131 Mil |
| Turnover: | 9.9% |
| Expense Ratio: | 0.65% |
| Index Fund: | No |
| Index Tracked: | MSCI EAFE NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 4.7 years | |||
| Average Tenure: 2.7 years | |||
| Managers (Year): Henderson Jane (2021), Leckie Roy (2021), Skorniakov Maxim (2022), Armstrong Des (2026), Miedema Thomas (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 30 |
| % in Top 10 Holdings: | 48.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 95.5% |
Portfolio Allocation |
|
| Domestic Stock: | 2.7% |
| Foreign Stock: | 95.5% |
| Preferred Stock: | 1.7% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | BNY Mellon |
| Phone Number: | 833-383-2696 |
| Website: | www.bny.com/investments |
| Inception Date: | December 6, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.65% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.59% |
