ETF Evaluator: BNY Mellon Multi-Sector Income ETF (BMSI) Follow This ETF

BNY Mellon Multi-Sector Income ETF Overview

BNY Mellon Multi-Sector Income ETF (BMSI) is an actively managed Taxable Bond Multisector Bond exchange-traded fund (ETF). BNY Mellon launched the ETF in 2026.

The investment seeks to provide a high level of current income; the fund seeks long-term capital appreciation is secondary consideration. To pursue its goals, the fund normally invests principally in fixed-income securities. The fixed-income securities in which the it invests principally include bonds, notes (including structured notes), mortgage-related securities, and asset-backed securities.

About BNY Mellon Multi-Sector Income ETF (BMSI)

There are 3 members of the management team with an average tenure of 0.02 years: James DiChiaro (2026), Brendan Murphy (2026) and Scott Zaleski (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.

BNY Mellon Multi-Sector Income ETF has 155 securities in its portfolio. The top 10 holdings constitute 48.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

BNY Mellon Multi-Sector Income ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. BNY Mellon Multi-Sector Income ETF has 18.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 9.8% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 90.2% (71.5% domestic bond, 18.6% foreign bond and 0.0% convertible bond). BNY Mellon Multi-Sector Income ETF has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $25 million in total assets, which is below the $1 billion average for the Multisector Bond 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.

BMSI 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 Multi-Sector Income ETF expense ratio is average compared to funds in the Multisector Bond category. BNY Mellon Multi-Sector Income ETF has an expense ratio of 0.40%, which is 39% lower than its category average, making the fund expense ratio grade a B. 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 Multi-Sector Income ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 163% for the Multisector Bond category.

Recently, in the month of July 2026, BNY Mellon Multi-Sector Income ETF returned 0.0%, which earned it a grade of NA, as the Multisector Bond category had an average return of -0.5%. 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 Multi-Sector Income ETF has a trailing yield of 0.00%, which is below the 5.63% category average. The fund normally distributes its income quarterly and its capital gains 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.

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