BNY Mellon US Large Cap Core Equity ETF
ALTAR
Score™
4.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
28.4x P/Sales
ratio
3.6x
P/BV
ratio
4.6x Div.
yield
1.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
BKLC tracks a market-cap weighted index of large-cap stocks that represent the top 70% of US companies.

FUND BASICS
Category US Equities
Fund Sponsor The Bank of New York Mellon
Website im.bnymellon.com
Inception date Apr 09, 2020
Assets (mns) $175
Currency USD
Expense ratio 0 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 198
Wgt avg mkt cap (mns) $599,380
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 99.7%
Emerging mkts 0.3%

TOP TEN HOLDINGS
APPLE INC 7.6 %
MICROSOFT CORP 6.0 %
AMAZON.COM INC 5.0 %
TESLA MOTORS INC 2.4 %
FACEBOOK 2.3 %
ALPHABET INC. CLASS A 1.9 %
ALPHABET INC. CLASS C 1.9 %
BERKSHIRE HATHAWAY INC-CL B 1.7 %
JOHNSON & JOHNSON 1.6 %
JPMORGAN CHASE & CO 1.6 %
Total 31.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.9 %
IRELAND 1.4 %
BRITAIN 0.7 %
ARGENTINA 0.3 %
SWITZERLAND 0.3 %
NETHERLANDS 0.2 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
22.2% -- -- -- 22.2%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $71.21
30d moving avg. $70.70
Annualized volatility 0.0%
Short interest (ETF) 0.2%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 21
Turnover 0.9%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $212,289

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the BNY Mellon US Large Cap Core Equity ETF ETF based on the alternatives' overlap in portfolio holdings with BKLC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BKLC Expense: 0 bp ALTAR Score™: 4.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BKLC
Ticker Fund
Name
Overlap1
vs BKLC
(%)
Expense
ratio
(bp)
Savings
vs BKLC
(bp)
ALTAR
Score™
(%)
ALTAR
vs BKLC
(%)
IWL iShares Russell Top 200 ETF 95.3 15 -15 4.5 -0.1
MGC Vanguard Mega Cap Index Fund 94.7 7 -7 4.7 +0.1
ESGV Vanguard ESG U.S. Stock ETF 85.0 12 -12 4.6 -0.0
PBP Invesco S&P 500 BuyWrite ETF 82.9 49 -49 4.4 -0.2
SPXN ProShares S&P 500 Ex-Financials ETF 82.1 27 -27 4.5 -0.1
XYLG Global X S&P 500 Covered Call & Growth ETF 81.7 60 -60 4.4 -0.1
SPXE ProShares S&P 500 Ex-Energy ETF 81.6 27 -27 4.7 +0.2
SPY SPDR S&P 500 ETF Trust 81.1 9 -9 4.8 +0.2
IVV iShares Core S&P 500 ETF 81.0 3 -3 4.8 +0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 80.8 20 -20 4.9 +0.3
SPLG SPDR Portfolio Large Cap ETF 80.8 3 -3 4.8 +0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 80.5 20 -20 4.7 +0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 80.2 27 -27 4.4 -0.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 79.9 7 -7 4.6 +0.1
VOO VANGUARD S&P 500 ETF 79.6 3 -3 4.9 +0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 78.0 2 -2 4.7 +0.2
VV Vanguard Large-Cap Index Fund 77.5 4 -4 4.7 +0.1
OEF iShares S&P 100 ETF 77.3 20 -20 4.3 -0.3
PBUS Invesco PureBeta MSCI USA ETF 77.2 4 -4 4.7 +0.1
SCHX Schwab U.S. Large-Cap ETF 74.8 3 -3 4.6 +0.1
ESGU iShares MSCI USA ESG Optimized ETF 74.3 15 -15 4.5 -0.1
SNPE Xtrackers S&P 500 ESG ETF 74.0 10 -10 4.7 +0.1
EFIV SPDR S&P 500 ESG ETF 74.0 10 -10 4.7 +0.1
SPTM SPDR Portfolio Total Stock Market ETF 73.8 3 -3 4.9 +0.3
JCTR JPMorgan Carbon Transition U.S. Equity ETF 72.8 15 -15 4.7 +0.2
SCHK Schwab 1000 Index ETF 72.7 5 -5 4.7 +0.1
IQSU IQ Candriam ESG US Equity ETF 72.5 9 -9 4.6 +0.1
IWB iShares Russell 1000 ETF 72.4 15 -15 4.6 -0.0
IYY iShares Dow Jones U.S. ETF 71.9 20 -20 4.5 -0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 70.7 60 -60 3.7 -0.9
CATH Global X S&P 500 Catholic Values Custom ETF 69.5 29 -29 4.7 +0.1
VTHR Vanguard Russell 3000 Index Fund 69.4 10 -10 4.5 -0.1
SFY SoFi Select 500 ETF 68.9 0 0 4.6 +0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 68.8 12 -12 4.1 -0.4
VOOG Vanguard S&P 500 Growth ETF 68.4 10 -10 4.1 -0.5
SPXT ProShares S&P 500 Ex-Technology ETF 67.6 27 -27 4.9 +0.3
SCHB Schwab U.S. Broad Market ETF 67.6 3 -3 4.5 -0.0
IWV iShares Russell 3000 ETF 67.5 20 -20 4.4 -0.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 67.1 3 -3 4.5 -0.1
VONE Vanguard Russell 1000 ETF 66.6 8 -8 4.6 +0.1
ESG FlexShares STOXX US ESG Impact Index Fund 65.8 32 -32 4.6 -0.0
VTI Vanguard Total Stock Market Index Fund 65.6 3 -3 4.5 -0.1
SPYG SPDR Portfolio S&P 500 Growth ETF 65.2 4 -4 3.8 -0.8
IVW iShares S&P 500 Growth ETF 65.2 18 -18 3.7 -0.9
IUSG iShares Core S&P US Growth ETF 64.0 4 -4 3.8 -0.8
EPS WisdomTree U.S. Earnings 500 Fund 64.0 8 -8 6.0 +1.4
DFAU Dimensional US Core Equity Market ETF 63.1 12 -12 4.7 +0.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 62.7 9 -9 4.9 +0.3
XLG Invesco S&P 500 Top 50 ETF 62.2 20 -20 4.2 -0.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 61.0 15 -15 5.8 +1.2
IWY iShares Russell Top 200 Growth ETF 60.9 20 -20 3.7 -0.8
IWF iShares Russell 1000 Growth ETF 60.9 19 -19 3.6 -1.0
VONG Vanguard Russell 1000 Growth Index Fund 60.7 8 -8 3.7 -0.9
HIPR Direxion High Growth ETF 60.4 40 -40 4.0 -0.6
QUS SPDR MSCI USA StrategicFactors ETF 60.3 15 -15 5.3 +0.7
DIVB iShares U.S. Dividend & Buyback ETF 58.4 25 -25 5.9 +1.3
JHML John Hancock Multifactor Large Cap ETF 58.0 29 -29 4.9 +0.3
VUG Vanguard Growth Index Fund 57.7 4 -4 3.6 -0.9
MGK Vanguard Mega Cap Growth ETF 56.5 7 -7 3.8 -0.8
KOKU Xtrackers MSCI Kokusai Equity ETF 55.1 9 -9 5.1 +0.5
NACP Impact Shares NAACP Minority Empowerment ETF 55.1 49 -49 4.8 +0.2
TOK iShares MSCI Kokusai ETF 54.9 25 -25 5.0 +0.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 54.0 25 -25 5.8 +1.2
PRF Invesco FTSE RAFI US 1000 ETF 53.4 39 -39 5.8 +1.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 53.3 49 -49 3.5 -1.0
DLN WisdomTree U.S. LargeCap Dividend Fund 53.0 28 -28 6.2 +1.6
EQWL Invesco Russell Top 200 Equal Weight ETF 52.9 25 -25 5.6 +1.1
IUS Invesco Strategic US ETF 52.4 19 -19 5.5 +0.9
WOMN Impact Shares YWCA Women's Empowerment ETF 52.3 75 -75 3.6 -0.9
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 52.1 25 -25 5.0 +0.4
AVUS Avantis U.S. Equity ETF 52.0 15 -15 4.9 +0.3
SPYV SPDR Portfolio S&P 500 Value ETF 52.0 4 -4 6.4 +1.8
IVE iShares S&P 500 Value ETF 52.0 18 -18 6.3 +1.7
DSI iShares MSCI KLD 400 Social ETF 51.8 25 -25 4.7 +0.1
KRMA Global X Conscious Companies ETF 51.7 43 -43 4.9 +0.4
TMFC Motley Fool 100 Index ETF 51.7 50 -50 3.2 -1.4
ESGG FlexShares STOXX Global ESG Impact Index Fund 51.1 42 -42 4.7 +0.1
RESP WisdomTree US ESG Fund of Benef Interest 51.0 28 -28 5.2 +0.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 50.9 25 -25 5.7 +1.1
IUSV iShares Core S&P U.S. Value ETF 50.5 4 -4 6.4 +1.8
URTH iShares MSCI World ETF 50.5 24 -24 5.0 +0.5
SCHG Schwab U.S. Large-Cap Growth ETF 50.5 4 -4 3.3 -1.3
RECS Columbia Research Enhanced Core ETF 50.3 15 -15 5.2 +0.6
ACIO Aptus Collared Income Opportunity ETF 50.2 79 -79 3.9 -0.7
DTD WisdomTree U.S.Total Dividend Fund 50.2 28 -28 6.3 +1.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 49.8 30 -30 5.3 +0.7
VOOV Vanguard S&P 500 Value ETF 49.4 10 -10 6.6 +2.0
IWX iShares Russell Top 200 Value ETF 49.2 20 -20 6.0 +1.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 49.1 10 -10 4.9 +0.3
SUSL iShares ESG MSCI USA Leaders ETF 49.1 10 -10 4.9 +0.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 49.1 30 -30 5.1 +0.6
RWL Invesco S&P 500 Revenue ETF 48.7 39 -39 6.3 +1.7
ADME Aptus Drawdown Managed Equity ETF 48.2 79 -79 3.2 -1.4
SCHV Schwab U.S. Large-Cap Value ETF 47.9 4 -4 6.1 +1.5
ACVF American Conservative Values ETF 47.8 75 -75 4.2 -0.4
SPQQ Siren Large Cap Blend Index ETF 47.8 20 -20 4.3 -0.3
SUSA iShares MSCI USA ESG Select ETF 47.7 25 -25 4.3 -0.3
AFLG First Trust Active Factor Large Cap ETF 47.5 55 -55 4.8 +0.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
BNY Mellon US Large Cap Core Equity ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 18.5 %
Divided by: Fwd. P/BV 4.1 x
Less: Expense ratio 0 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 CATEGORY
AVERAGE
1.49
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.