BNY Mellon International Equity ETF

BNY Mellon International Equity ETF (BKIE) is an index fund that holds nearly 1,000 large and mid-sized companies in developed countries outside the United States, from Japan and the UK to Canada and Switzerland. Its expense ratio is 0.04% a year, half the 0.08% average of similar funds. Canada makes up about 12% of the fund. That stands out, because the MSCI EAFE benchmark it is compared against covers only Europe, Australasia and the Far East.

• Over the year to Oct 27, 2026, BKIE returned +13.4%, 8th of 9 among similar funds.
• Its 5-year annualized return was +9.3%.
• Its worst full calendar year was 2022 (-13.6%); its best was 2025 (+32.1%).
• The deepest fall in its price history was 28.2% (Nov 8, 2021 to Sep 27, 2022), recovered by Dec 27, 2023.

As of Jul 31, 2026, the fund held 977 securities; the ten largest made up 12.15% of assets.

• Over the three months to Jul 31, 2026, investors added a net $49.9M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +2.79%, -0.34%, +2.27%.

BKIE tracks the Solactive GBS Developed Markets ex United States Large & Mid Cap USD Index NTR. The index starts with companies from developed countries other than the US. They must be listed on a developed-market exchange and trade often enough to buy and sell easily. As of December 31, 2025, those countries included Japan, Canada, the UK, Australia and most of Western Europe, plus Israel, Poland, Hong Kong and Singapore. In each country, the index ranks companies by size and keeps those that together make up about 85% of the country's free-float market value. Free float means the shares that are available to the public. The index is rebuilt twice a year, in May and November, and had 985 stocks as of December 31, 2025.

Bigger companies get bigger weights. The fund normally owns every stock in the index in the same proportions. As of July 31, 2026, it had 977 holdings, and the top 10 made up 12.15% of assets, led by ASML at 2.43%. Turnover was a low 9.3%.

At least 80% of assets must be in stocks or similar exposure. The fund may also use futures, currency forwards, swaps and structured notes. As of July 31, 2026, it held only two small index futures positions and 0.22% in cash. Its holdings are priced in foreign currencies, so changes in exchange rates against the dollar affect returns.

• BKIE charges 0.04% a year, versus an average of 0.08% for the similar funds below (3rd of 9, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $4 in the first year and $51 over 10 years (assuming a 5% annual return).

It is a low-cost, broadly diversified index of developed-market stocks outside the US, so it could serve as the international stock portion of a long-term portfolio.

BKIE launched in April 2020, after the COVID crash, so it has no record from 2008 or 2020. Its main test was the 2022 bear market. It fell 27.9% from January 12 to September 27, 2022, and did not regain its peak until late December 2023, about 15 months later. Its deepest drop was 28.2%, measured from a November 2021 peak. Its worst calendar year was 2022, when it lost 13.74%. Anyone who had to sell shares for spending money in late 2022 would have locked in those losses. Currency swings add another layer of risk.

The fund pays income quarterly. Its yield over the 12 months to October 27, 2026, was 3.24%. Costs are small: in the SEC's standard example, $10,000 invested would cost about $51 over 10 years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.