BNY Mellon’s BEDY posts 9.56% yield; YTD NAV +8.34%

BNY Mellon’s Enhanced Dividend and Income ETF (BEDY) reported a subsidized 30‑day SEC yield of 9.56% and a year‑to‑date net asset value gain of 8.34% as of April 30, 2026.

The fund is actively managed by a BNY Mellon portfolio team that selects stocks it considers undervalued at the time of purchase. Managers apply a proprietary model that evaluates business momentum, intrinsic value and company fundamentals to choose holdings intended to generate dividend income and potential capital gains.

BEDY may invest up to 10% of net assets in equity‑linked notes (ELNs). ELNs are structured instruments whose payments are tied to the performance of underlying equities; they can contribute additional yield and diversification but introduce issuer risk, liquidity risk and structural differences from standard bonds.

The fund’s equity income approach offers an alternative to traditional bond ETFs. The reported subsidized yield is higher than typical fixed‑income products, and the equity exposure can make distributions less directly tied to Federal Reserve policy and prevailing interest rates.

Performance through April 30, 2026 reflects dividend income, the fund’s equity selections and any yield contributed by ELNs within the permitted allocation.

Investors face different risks with an equity‑based income fund than with a bond fund, including greater sensitivity to stock‑market moves and to individual company performance, as well as the distinct issuer and structural risks associated with structured products.

BNY Mellon presents BEDY as a way to seek income outside the bond market by combining active stock selection with a limited allocation to equity‑linked notes.