BNY Mellon US Large Cap Core Equity ETF

BNY Mellon US Large Cap Core Equity ETF (BKLC) is an index fund that tracks the Solactive GBS United States 500 Index. That index holds about 500 of the largest companies listed in the US, weighted by market value. What sets it apart is cost. The prospectus filed February 27, 2026, lists a 0% expense ratio, compared with 0.03% for VOO and IVV. The trade-off is size: the fund had about $5.5 billion in net assets as of July 31, 2026.

• Over the year to Oct 27, 2026, BKLC returned +13.4%, 1st of 9 among similar funds.
• Its 5-year annualized return was +12.9%.
• Its worst full calendar year was 2022 (-20.5%); its best was 2023 (+30.9%).
• The deepest fall in its price history was 26.1% (Dec 27, 2021 to Oct 12, 2022), recovered by Dec 12, 2023.

As of Jul 31, 2026, the fund held 507 securities; the ten largest made up 37.06% of assets.

By sector

• Over the three months to Jul 31, 2026, investors withdrew a net $8.2M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +5.45%, -0.88%, -0.29%.

The fund aims to track the Solactive GBS United States 500 Index TR, which measures 500 of the largest companies listed on US stock exchanges. The index includes REITs (real estate investment trusts, which are companies that own property and pass rental income to shareholders). Each company is weighted by free-float market value, which counts only the shares the public can trade. Bigger companies therefore take up more of the fund. As of July 31, 2026, NVIDIA was 7.2% of the fund, Apple 6.8% and Microsoft 5.3%. The top 10 positions made up 37.1% of 507 holdings.

The index is rebuilt every quarter, in February, May, August and November. Every company ranked in the top 425 by market value gets in. Existing members ranked 426 to 600 keep their place until the index reaches 500 companies. This buffer cuts down on trading at the edges, and the prospectus reports portfolio turnover of 2.1%.

The fund normally holds every stock in the index at its index weight. It may hold a representative sample instead if full replication would be impractical or costly. Because it mirrors the index, it can be concentrated in one area. Information technology was about 43.1% of the index as of December 31, 2025. The fund makes no attempt to soften market declines.

• BKLC charges 0% a year, versus an average of 0.14% for the similar funds below (1st of 9, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $0 in the first year and $0 over 10 years (assuming a 5% annual return).

It offers broad, low-turnover exposure to about 500 large US companies at a stated cost of 0%, which fits the central stock position of a long-term portfolio.

BKLC could serve as the main US stock holding in a long-term portfolio. The prospectus filed February 27, 2026, lists a 0% expense ratio, and the SEC's standard $10,000 example shows $0 in fund costs over 10 years. The fund launched April 9, 2020, after the 2020 crash had already bottomed, so it has no record from 2008 or 2020. In the 2022 bear market it fell 26.1% between January 3 and October 12, 2022, and took 14 months to regain its earlier peak, in December 2023. Its worst calendar year was 2022, at -20.4%. Anyone who had to sell shares in a year like that would lock in losses, so holding a cash or bond reserve may help. The yield was 1.07% as of October 27, 2026, paid quarterly, which is modest. Past results don't predict future ones, and a plan should look at the whole portfolio, not one fund.

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