BNY Mellon Core Bond ETF (BKAG) N-CSR Certified annual shareholder report (management investment company)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number           811-23477                  

                          BNY Mellon ETF Trust                               

(Exact name of registrant as specified in charter)

240 Greenwich Street

_____________New York, New York  10286_____________

(Address of principal executive offices) (Zip code)

Bennett A. MacDougall

240 Greenwich Street

_________________New York, New York 10286_____________

(Name and address of agent for service)

Registrant's telephone number, including area code:  (212) 922-6400

Date of fiscal year end:  October 31

Date of reporting period:  April 30, 2020

Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission,

100 F Street, NE, Washington, DC 20549

. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Reports to Stockholders.

The Report to Shareholders is attached herewith.

BNY

Mellon

ETF

Trust

SEMIANNUAL

REPORT

April

30,

2020

BNY

Mellon

US

Large

Cap

Core

Equity

ETF

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

BNY

Mellon

International

Equity

ETF

BNY

Mellon

Emerging

Markets

Equity

ETF

BNY

Mellon

Core

Bond

ETF

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

BNY

Mellon

High

Yield

Beta

ETF

Beginning

on

January

1,

2021,

as

permitted

by

regulations

adopted

by

the

U.S.

Securities

and

Exchange

Commission,

paper

copies

of

a

fund’s

annual

and

semi-annual

shareholder

reports

will

no

longer

be

sent

by

mail,

unless

you

specifically

request

paper

copies

of

the

reports

from

your

financial

intermediary

(such

as

a

broker-dealer

or

bank).

Instead,

shareholder

reports

will

be

available

on

the

funds’

website

(www.

im.bnymellon.com),

and

you

will

be

notified

by

mail

each

time

a

report

is

posted

and

provided

with

a

website

link

to

access

the

report.

If

you

already

elected

to

receive

shareholder

reports

electronically,

you

will

not

be

affected

by

this

change

and

you

need

not

take

any

action.

You

may

elect

to

receive

shareholder

reports

and

other

communications

from

the

funds

electronically

anytime

by

contacting

your

financial

intermediary.

You

may

elect

to

receive

all

future

fund

shareholder

reports

in

paper

free

of

charge.

Please

contact

your

financial

intermediary

to

inform

them

that

you

wish

to

continue

receiving

paper

copies

of

fund

shareholder

reports

and

for

details

about

whether

your

election

to

receive

reports

in

paper

will

apply

to

all

funds

held

with

your

financial

intermediary.

Contents

The

Funds

Understanding

Your

Fund’s

Expenses

3

Statements

of

Investments

4

Statements

of

Assets

and

Liabilities

64

Statements

of

Opertations

67

Statements

of

Changes

in

Net

Assets

70

Financial

Highlights

74

Notes

to

Financial

Statements

82

Information

About

the

Approval

of

Each

Fund’s

Management

and

Sub-Investment

Advisory

Agreements

91

FOR

MORE

INFORMATION

Back

Cover

The

views

expressed

herein

are

current

to

the

date

of

this

report.

These

views

and

the

composition

of

the

funds’

portfolios

are

subject

to

change

at

any

time

based

on

market

and

other

conditions.

Not

FDIC-Insured

•

Not

Bank-Guaranteed

•

May

Lose

Value

UNDERSTANDING

YOUR

FUND’S

EXPENSES

(Unaudited)

3

As

a

shareholder

of

a

Fund,

you

incur

ongoing

costs,

including

investment

management

fees.

The

following

example

is

intended

to

help

you

understand

your

ongoing

costs

(in

dollars

and

cents)

of

investing

in

a

fund

and

to

compare

these

costs

with

the

ongoing

costs

of

investing

in

other

funds.

For

more

information,

see

your

Fund’s

prospectus

or

talk

to

your

financial

adviser.

The

examples

are

based

on

an

initial

investment

of

$1,000

invested

at

the

beginning

of

the

period

and

held

for

the

period

ended

April

30,

2020.

Actual

Expenses

The

information

under

each

column

in

the

table

below

entitled

“Actual”

provides

information

about

actual

account

values

and

actual

expenses.

You

may

use

the

information

in

these

columns,

together

with

the

amount

you

invested,

to

estimate

the

expenses

that

you

paid

over

the

period.

Simply

divide

your

account

value

by

$1,000

(for

example,

an

$8,600

account

value

divided

by

$1,000

=

8.6),

then

multiply

the

result

by

the

number

for

your

Fund

under

the

heading

entitled

“Expenses

paid

for

the

period”

to

estimate

the

expenses

you

paid

on

your

account

during

this

period.

Hypothetical

Example

For

Comparison

Purposes

The

information

under

each

column

in

the

table

entitled

“Hypothetical”

provides

information

about

hypothetical

account

values

and

hypothetical

expenses

based

on

each

Fund’s

actual

expense

ratio

and

an

assumed

rate

of

return

of

5%

per

year

before

expenses,

which

is

not

the

Fund’s

actual

return.

The

hypothetical

account

values

and

expenses

may

not

be

used

to

estimate

the

actual

ending

account

balance

or

expenses

you

paid

for

the

period.

You

may

use

this

information

to

compare

the

ongoing

costs

of

investing

in

your

Fund

and

other

funds.

To

do

so,

compare

this

5%

hypothetical

example

with

the

5%

hypothetical

examples

that

appear

in

the

shareholder

reports

of

the

other

funds.

Please

note

that

the

expenses

shown

in

the

table

are

meant

to

highlight

your

ongoing

costs

only

and

do

not

reflect

any

transactional

costs,

such

as

brokerage

commissions

paid

on

purchases

and

sales

of

Fund

shares.

Therefore,

the

ending

account

values

and

expenses

paid

for

the

period

in

the

table

are

useful

in

comparing

ongoing

Fund

costs

only

and

will

not

help

you

determine

the

relative

total

costs

of

owning

different

funds.

In

addition,

if

these

transactional

costs

were

included,

your

costs

would

have

been

higher.

Expenses

are

calculated

using

the

annualized

expense

ratio,

which

represents

the

ongoing

expenses

as

a

percentage

of

net

assets

for

the

period

April

9,

2020

(commencement

of

operations)

to

April

30,

2020.

Expenses

are

calculated

by

multiplying

the

Fund’s

annualized

expense

ratio

by

the

average

account

value

for

the

period,

then

multiplying

the

result

by

22/366.

Hypothetical

expenses

are

calculated

by

multiplying

the

Fund’s

annualized

expense

ratio

by

the

average

account

value

for

the

period,

then

multiplying

the

result

by

182/366.

The

actual

ending

account

value

is

based

on

the

actual

total

return

of

the

Fund

for

the

period,

after

actual

expenses

and

will

differ

from

the

hypothetical

ending

account

value

which

is

based

on

the

Fund’s

expense

ratio

and

a

hypothetical

annual

return

of

5%

before

expenses.

Expenses

are

calculated

using

the

annualized

expense

ratio,

which

represents

the

ongoing

expenses

as

a

percentage

of

net

assets

for

the

period

April

24,

2020

(commencement

of

operations)

to

April

30,

2020.

Expenses

are

calculated

by

multiplying

the

Fund’s

annualized

expense

ratio

by

the

average

account

value

for

the

period,

then

multiplying

the

result

by

7/366.

Hypothetical

expenses

are

calculated

by

multiplying

the

Fund’s

annualized

expense

ratio

by

the

average

account

value

for

the

period,

then

multiplying

the

result

by

182/366.

The

actual

ending

account

value

is

based

on

the

actual

total

return

of

the

Fund

for

the

period,

after

actual

expenses

and

will

differ

from

the

hypothetical

ending

account

value

which

is

based

on

the

Fund’s

expense

ratio

and

a

hypothetical

annual

return

of

5%

before

expenses.

For

the

six

months

ended

April

30,

2020

Beginning

account

value

($)

Ending

account

value($)

Expense

paid

for

the

period

($)

Annualized

expense

ratios

for

the

period

(%)

Actual

Hypothetical

Actual

Hypothetical

Actual

Hypothetical

BNY

Mellon

US

Large

Cap

Core

Equity

ETF

(a)

1,000.00

1,000.00

1,097.10

1,024.86

0.00

0.00

0.00

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

(a)

1,000.00

1,000.00

1,111.90

1,024.66

0.03

0.20

0.04

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

(a)

1,000.00

1,000.00

1,144.70

1,024.66

0.03

0.20

0.04

BNY

Mellon

International

Equity

ETF

(b)

1,000.00

1,000.00

1,044.20

1,024.66

0.01

0.20

0.04

BNY

Mellon

Emerging

Markets

Equity

ETF

(b)

1,000.00

1,000.00

1,037.20

1,024.32

0.02

0.55

0.11

BNY

Mellon

Core

Bond

ETF

(b)

1,000.00

1,000.00

1,001.50

1,024.86

0.00

0.00

0.00

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

(b)

1,000.00

1,000.00

1,003.60

1,024.57

0.01

0.30

0.06

BNY

Mellon

High

Yield

Beta

ETF

(b)

1,000.00

1,000.00

1,005.80

1,023.77

0.04

1.11

0.22

4

STATEMENT

OF

INVESTMENTS

April

30,

2020

(Unaudited)

BNY

Mellon

US

Large

Cap

Core

Equity

ETF

Description

Shares

Value

($)

Common

Stocks

–

100.0%

Communication

Services

–

12.1%

Activision

Blizzard,

Inc.

1,230

78,388

Alphabet,

Inc.,

Class

A

a

476

641,029

Alphabet,

Inc.,

Class

C

a

475

640,613

AT&T,

Inc.

11,618

354,000

Charter

Communications,

Inc.,

Class

A

a

250

123,808

Comcast

Corp.,

Class

A

7,193

270,673

Electronic

Arts,

Inc.

a

459

52,445

Facebook,

Inc.,

Class

A

a

3,824

782,811

Netflix,

Inc.

a

695

291,796

Sirius

XM

Holdings,

Inc.

2,160

12,766

T-Mobile

US,

Inc.

a

599

52,592

Verizon

Communications,

Inc.

6,578

377,906

Walt

Disney

Co.

(The)

2,867

310,066

3,988,893

Consumer

Discretionary

–

11.0%

Amazon.com,

Inc.

a

661

1,635,314

AutoZone,

Inc.

a

37

37,752

Booking

Holdings,

Inc.

a

67

99,198

Dollar

General

Corp.

400

70,120

eBay,

Inc.

1,206

48,035

Ford

Motor

Co.

6,135

31,227

General

Motors

Co.

1,980

44,134

Hilton

Worldwide

Holdings,

Inc.

444

33,615

Home

Depot,

Inc.

(The)

1,736

381,625

Las

Vegas

Sands

Corp.

531

25,499

Lowe's

Cos.,

Inc.

1,223

128,109

Marriott

International,

Inc.,

Class

A

428

38,922

McDonald's

Corp.

1,194

223,947

Nike,

Inc.,

Class

B

1,976

172,268

O'Reilly

Automotive,

Inc.

a

121

46,747

Ross

Stores,

Inc.

568

51,892

Starbucks

Corp.

1,883

144,483

Target

Corp.

811

88,999

Tesla,

Inc.

a

227

177,487

TJX

Cos.,

Inc.

(The)

1,939

95,108

VF

Corp.

515

29,921

Yum!

Brands,

Inc.

476

41,141

3,645,543

Consumer

Staples

–

7.5%

Altria

Group,

Inc.

2,982

117,043

Brown-Forman

Corp.,

Class

A

87

4,935

Brown-Forman

Corp.,

Class

B

287

17,851

Coca-Cola

Co.

(The)

6,136

281,581

Colgate-Palmolive

Co.

1,369

96,200

Constellation

Brands,

Inc.,

Class

A

263

43,313

Costco

Wholesale

Corp.

699

211,797

Estee

Lauder

Cos.,

Inc.

(The),

Class

A

350

61,740

General

Mills,

Inc.

951

56,955

Keurig

Dr

Pepper,

Inc.

420

11,113

Kimberly-Clark

Corp.

540

74,779

Kraft

Heinz

Co.

(The)

981

29,754

Mondelez

International,

Inc.,

Class

A

2,299

118,261

Monster

Beverage

Corp.

a

601

37,148

PepsiCo,

Inc.

2,209

292,229

Philip

Morris

International,

Inc.

2,467

184,038

Procter

&

Gamble

Co.

(The)

3,965

467,355

SYSCO

Corp.

803

45,185

Walgreens

Boots

Alliance,

Inc.

1,182

51,169

Walmart,

Inc.

2,249

273,366

2,475,812

BNY

Mellon

US

Large

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

100.0%

(continued)

Energy

–

3.0%

Chevron

Corp.

2,997

275,724

ConocoPhillips

1,728

72,749

EOG

Resources,

Inc.

915

43,472

Exxon

Mobil

Corp.

6,703

311,488

Kinder

Morgan,

Inc.

3,068

46,726

Marathon

Petroleum

Corp.

1,022

32,786

Occidental

Petroleum

Corp.

1,406

23,340

Oneok,

Inc.

650

19,454

Phillips

66

699

51,146

Schlumberger

Ltd.

2,181

36,684

Valero

Energy

Corp.

646

40,924

Williams

Cos.,

Inc.

(The)

1,909

36,977

991,470

Financials

–

10.5%

Aflac,

Inc.

1,155

43,012

Allstate

Corp.

(The)

508

51,674

American

Express

Co.

1,074

98,003

American

International

Group,

Inc.

1,369

34,814

AON

PLC

a

369

63,715

Bank

of

America

Corp.

12,880

309,764

Bank

of

New

York

Mellon

Corp.

(The)

1,320

49,553

Berkshire

Hathaway,

Inc.,

Class

B

a

3,108

582,315

BlackRock,

Inc.

188

94,384

Blackstone

Group,

Inc.

(The),

Class

A

1,039

54,277

Capital

One

Financial

Corp.

733

47,469

Charles

Schwab

Corp.

(The)

1,800

67,896

Chubb

Ltd.

a

723

78,091

Citigroup,

Inc.

3,464

168,212

CME

Group,

Inc.

573

102,114

Goldman

Sachs

Group,

Inc.

(The)

506

92,811

Intercontinental

Exchange,

Inc.

891

79,700

JPMorgan

Chase

&

Co.

4,987

477,555

Marsh

&

McLennan

Cos.,

Inc.

807

78,545

MetLife,

Inc.

1,231

44,414

Moody's

Corp.

261

63,658

Morgan

Stanley

1,834

72,315

PNC

Financial

Services

Group,

Inc.

(The)

691

73,709

Progressive

Corp.

(The)

921

71,193

Prudential

Financial,

Inc.

633

39,480

S&P

Global,

Inc.

391

114,516

T

Rowe

Price

Group,

Inc.

369

42,667

Travelers

Cos.,

Inc.

(The)

407

41,192

Truist

Financial

Corp.

2,112

78,820

US

Bancorp

2,275

83,038

Wells

Fargo

&

Co.

6,103

177,292

3,476,198

Health

Care

–

15.7%

Abbott

Laboratories

2,802

258,036

AbbVie,

Inc.

2,346

192,841

Allergan

PLC

523

97,979

Amgen,

Inc.

943

225,584

Anthem,

Inc.

404

113,415

Baxter

International,

Inc.

817

72,533

Becton,

Dickinson

&

Co.

432

109,093

Biogen,

Inc.

a

287

85,190

Boston

Scientific

Corp.

a

2,231

83,618

Bristol-Myers

Squibb

Co.

3,716

225,970

Cigna

Corp.

592

115,902

CVS

Health

Corp.

2,076

127,778

Danaher

Corp.

1,015

165,912

Edwards

Lifesciences

Corp.

a

328

71,340

5

BNY

Mellon

US

Large

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

100.0%

(continued)

Health

Care

–

15.7%

(continued)

Eli

Lilly

&

Co.

1,340

207,218

Gilead

Sciences,

Inc.

2,006

168,504

HCA

Healthcare,

Inc.

417

45,820

Humana,

Inc.

208

79,418

Illumina,

Inc.

a

231

73,696

Intuitive

Surgical,

Inc.

a

183

93,491

IQVIA

Holdings,

Inc.

a

284

40,496

Johnson

&

Johnson

4,183

627,617

Medtronic

PLC

2,124

207,366

Merck

&

Co.,

Inc.

4,050

321,327

Pfizer,

Inc.

8,803

337,683

Regeneron

Pharmaceuticals,

Inc.

a

128

67,313

Stryker

Corp.

515

96,011

Thermo

Fisher

Scientific,

Inc.

635

212,522

UnitedHealth

Group,

Inc.

1,507

440,752

Vertex

Pharmaceuticals,

Inc.

a

409

102,741

Zoetis,

Inc.

760

98,276

5,165,442

Industrials

–

6.6%

3M

Co.

913

138,703

Boeing

Co.

(The)

850

119,867

Caterpillar,

Inc.

884

102,880

CSX

Corp.

1,225

81,132

Cummins,

Inc.

240

39,240

Deere

&

Co.

495

71,805

Delta

Air

Lines,

Inc.

907

23,500

Eaton

Corp.

PLC

650

54,275

Emerson

Electric

Co.

959

54,692

FedEx

Corp.

376

47,665

General

Dynamics

Corp.

370

48,329

General

Electric

Co.

13,958

94,914

Honeywell

International,

Inc.

1,135

161,056

Illinois

Tool

Works,

Inc.

460

74,750

Johnson

Controls

International

PLC

a

1,214

35,340

L3harris

Technologies,

Inc.

348

67,408

Lockheed

Martin

Corp.

394

153,290

Norfolk

Southern

Corp.

418

71,520

Northrop

Grumman

Corp.

250

82,667

Raytheon

Technologies

Corp.

2,282

147,896

Republic

Services,

Inc.

332

26,009

Roper

Technologies,

Inc.

168

57,293

Southwest

Airlines

Co.

745

23,281

Trane

Technologies

PLC

a

376

32,870

TransDigm

Group,

Inc.

82

29,773

Uber

Technologies,

Inc.

a

322

9,747

Union

Pacific

Corp.

1,102

176,089

United

Parcel

Service,

Inc.,

Class

B

1,118

105,830

Waste

Management,

Inc.

614

61,412

2,193,233

Information

Technology

–

27.3%

Accenture

PLC,

Class

A

1,007

186,486

Adobe,

Inc.

a

767

271,242

Advanced

Micro

Devices,

Inc.

a

1,869

97,917

Amphenol

Corp.,

Class

A

467

41,217

Analog

Devices,

Inc.

579

63,458

Apple,

Inc.

6,633

1,948,775

Applied

Materials,

Inc.

1,478

73,427

Autodesk,

Inc.

a

347

64,934

Automatic

Data

Processing,

Inc.

692

101,510

Broadcom,

Inc.

628

170,577

Cisco

Systems,

Inc.

6,722

284,878

BNY

Mellon

US

Large

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

100.0%

(continued)

Information

Technology

–

27.3%

(continued)

Cognizant

Technology

Solutions

Corp.,

Class

A

862

50,013

Fidelity

National

Information

Services,

Inc.

975

128,593

Fiserv,

Inc.

a

913

94,094

Global

Payments,

Inc.

482

80,022

Intel

Corp.

6,917

414,882

International

Business

Machines

Corp.

1,404

176,286

Intuit,

Inc.

415

111,971

LAM

Research

Corp.

232

59,225

Mastercard,

Inc.,

Class

A

1,412

388,258

Micron

Technology,

Inc.

a

1,771

84,813

Microsoft

Corp.

12,116

2,171,308

NVIDIA

Corp.

970

283,512

Oracle

Corp.

3,436

182,005

Paychex,

Inc.

502

34,397

PayPal

Holdings,

Inc.

a

1,861

228,903

Qualcomm,

Inc.

1,812

142,550

salesforce.com,

Inc.

a

1,406

227,702

ServiceNow,

Inc.

a

301

105,814

TE

Connectivity

Ltd.

565

41,505

Texas

Instruments,

Inc.

1,484

172,248

Visa,

Inc.,

Class

A

2,721

486,297

Workday,

Inc.,

Class

A

a

259

39,860

9,008,679

Materials

–

1.9%

Air

Products

&

Chemicals,

Inc.

352

79,404

Dow,

Inc.

1,167

42,817

DuPont

de

Nemours,

Inc.

1,166

54,825

Ecolab,

Inc.

403

77,981

Linde

PLC

a

852

156,760

LyondellBasell

Industries

NV,

Class

A

405

23,470

Newmont

Corp.

1,311

77,978

PPG

Industries,

Inc.

371

33,698

Sherwin-Williams

Co.

(The)

131

70,265

Southern

Copper

Corp.

b

112

3,633

620,831

Real

Estate

–

2.0%

American

Tower

Corp.

c

704

167,552

AvalonBay

Communities,

Inc.

c

219

35,686

Crown

Castle

International

Corp.

c

663

105,702

Equinix,

Inc.

c

136

91,827

Equity

Residential

c

549

35,718

ProLogis,

Inc.

c

1,179

105,202

Public

Storage

c

242

44,879

Simon

Property

Group,

Inc.

c

483

32,250

Welltower,

Inc.

c

638

32,685

651,501

Utilities

–

2.4%

American

Electric

Power

Co.,

Inc.

778

64,660

Consolidated

Edison,

Inc.

524

41,291

Dominion

Energy,

Inc.

1,316

101,503

Duke

Energy

Corp.

1,164

98,544

Exelon

Corp.

1,532

56,807

NextEra

Energy,

Inc.

776

179,349

Public

Service

Enterprise

Group,

Inc.

796

40,365

Sempra

Energy

444

54,989

Southern

Co.

(The)

1,676

95,080

Xcel

Energy,

Inc.

826

52,501

785,089

Total

Common

Stocks

(cost

$30,397,956)

33,002,691

6

STATEMENT

OF

INVESTMENTS

(continued)

a

Non-income

producing

security.

b

Security,

or

portion

thereof,

on

loan.

At

April

30,

2020,

the

value

of

the

fund’s

securities

on

loan

was

$3,568

and

the

value

of

the

collateral

was

$3,889,

consisting

of

U.S.

Government

&

Agency

securities.

c

Investment

in

a

real

estate

investment

trust.

d

Investment

in

affiliated

issuer.

The

investment

objective

of

this

investment

company

is

publicly

available

and

can

be

found

within

the

investment

company’s

prospectus.

Holdings

and

transactions

in

these

affiliated

companies

during

the

period

ended

April

30,

2020

are

as

follows:

e

The

rate

shown

is

the

1-day

SEC

standardized

yield

as

of

April

30,

2020.

See

Notes

to

Financial

Statements

BNY

Mellon

US

Large

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Investment

Companies

–

0.0%

Registered

Investment

Companies

–

0.0%

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares,

0.20%

d,e

(cost

$4,965)

4,965

4,965

Total

Investments

(cost

$30,402,921)

100.0%

33,007,656

Cash

and

Receivables

(Net)

.0%

13,753

Net

Assets

100.0%

33,021,409

Description

Value

4/9/20

Purchases

($)

Sales

($)

Net

Realized

Gain

(Loss)

($)

Net

Change

in

Unrealized

Appreciation

(Depreciation)

($)

Value

4/30/20

Net

Assets

(%)

Dividends/

Distributions

($)

Investment

Companies

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares

—

234,867

(229,902)

—

—

4,965

0.0

—

Investment

of

Cash

Collateral

for

Securities

Loaned

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares

—

19,822

(19,822)

—

—

—

—

—

Total

—

254,689

(249,724)

—

—

4,965

0.0

—

Portfolio

Summary

(Unaudited)

†

Value

(%)

Information

Technology

27.3

Health

Care

15.7

Communication

Services

12.1

Consumer

Discretionary

11.0

Financials

10.5

Consumer

Staples

7.5

Industrials

6.6

Energy

3.0

Utilities

2.4

Real

Estate

2.0

Materials

1.9

Registered

Investment

Companies

0.0

100.0

†

Based

on

net

assets.

7

STATEMENT

OF

INVESTMENTS

April

30,

2020

(Unaudited)

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

Description

Shares

Value

($)

Common

Stocks

–

99.9%

Communication

Services

–

4.4%

Altice

USA,

Inc.,

Class

A

a

1,777

46,149

Cable

One,

Inc.

29

55,473

CenturyLink,

Inc.

5,642

59,918

Discovery,

Inc.,

Class

A

a

902

20,223

Discovery,

Inc.,

Class

C

a

1,944

39,677

DISH

Network

Corp.,

Class

A

a

1,461

36,547

Fox

Corp.,

Class

A

2,039

52,749

Fox

Corp.,

Class

B

926

23,669

GCI

Liberty,

Inc.,

Class

A

a

552

33,578

IAC/InterActiveCorp

a

417

93,191

Interpublic

Group

of

Cos.,

Inc.

(The)

2,249

38,188

Liberty

Broadband

Corp.,

Class

A

a

138

16,563

Liberty

Broadband

Corp.,

Class

C

a

877

107,590

Liberty

Media

Corp.-Liberty

Formula

One,

Class

A

a

146

4,416

Liberty

Media

Corp.-Liberty

Formula

One,

Class

C

a

1,178

37,920

Liberty

Media

Corp.-Liberty

SiriusXM,

Class

A

a

475

16,012

Liberty

Media

Corp.-Liberty

SiriusXM,

Class

C

a

835

28,448

Live

Nation

Entertainment,

Inc.

a

817

36,659

News

Corp.,

Class

A

2,217

21,970

News

Corp.,

Class

B

694

7,093

Omnicom

Group,

Inc.

1,251

71,345

Roku,

Inc.,

Class

A

a

526

63,767

Snap,

Inc.,

Class

A

a

4,516

79,527

Take-Two

Interactive

Software,

Inc.

a

650

78,683

Twitter,

Inc.

a

4,458

127,855

ViacomCBS,

Inc.,

Class

B

3,142

54,231

Zillow

Group,

Inc.,

Class

A

a

197

8,577

Zillow

Group,

Inc.,

Class

C

a

716

31,475

Zynga,

Inc.,

Class

A

a

5,511

41,553

1,333,046

Consumer

Discretionary

–

9.7%

Advance

Auto

Parts,

Inc.

404

48,848

Aptiv

PLC

a

1,467

102,030

Aramark

1,424

38,889

Autoliv,

Inc.

457

27,429

Best

Buy

Co.,

Inc.

1,308

100,363

BorgWarner,

Inc.

1,178

33,655

Bright

Horizons

Family

Solutions,

Inc.

a

338

39,360

Burlington

Stores,

Inc.

a

381

69,605

Caesars

Entertainment

Corp.

a

3,185

30,767

CarMax,

Inc.

a

945

69,599

Carnival

Corp.

b

2,658

42,262

Chipotle

Mexican

Grill,

Inc.,

Class

A

a

149

130,904

Columbia

Sportswear

Co.

b

166

12,100

D.R.

Horton,

Inc.

1,926

90,946

Darden

Restaurants,

Inc.

749

55,269

Dollar

Tree,

Inc.

a

1,360

108,351

Domino's

Pizza,

Inc.

222

80,348

Dunkin'

Brands

Group,

Inc.

472

29,660

Etsy,

Inc.

a

691

44,825

Expedia

Group,

Inc.

803

56,997

Five

Below,

Inc.

a

317

28,581

Gap,

Inc.

(The)

b

1,213

9,850

Garmin

Ltd.

831

67,444

Gentex

Corp.

1,467

35,560

Genuine

Parts

Co.

835

66,199

Hanesbrands,

Inc.

2,064

20,516

Harley-Davidson,

Inc.

880

19,210

Hasbro,

Inc.

732

52,858

Kohl's

Corp.

892

16,466

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

99.9%

(continued)

Consumer

Discretionary

–

9.7%

(continued)

Lear

Corp.

314

30,662

Leggett

&

Platt,

Inc.

750

26,348

Lennar

Corp.,

Class

A

1,608

80,513

Lennar

Corp.,

Class

B

94

3,586

LKQ

Corp.

a

1,775

46,416

Lululemon

Athletica,

Inc.

a

689

153,978

MercadoLibre,

Inc.

a

260

151,713

MGM

Resorts

International

2,998

50,456

Mohawk

Industries,

Inc.

a

339

29,737

Newell

Brands,

Inc.

2,174

30,175

Nordstrom,

Inc.

b

612

11,493

Norwegian

Cruise

Line

Holdings

Ltd.

a

1,213

19,893

NVR,

Inc.

a

20

62,000

Planet

Fitness,

Inc.,

Class

A

a

475

28,657

Polaris,

Inc.

328

23,265

Pool

Corp.

231

48,893

PulteGroup,

Inc.

1,476

41,727

PVH

Corp.

422

20,775

Royal

Caribbean

Cruises

Ltd.

997

46,630

Service

Corp.

International

1,052

38,650

ServiceMaster

Global

Holdings,

Inc.

a

773

26,321

Tapestry,

Inc.

1,574

23,421

Tiffany

&

Co.

620

78,430

Toll

Brothers,

Inc.

688

16,526

Tractor

Supply

Co.

680

68,972

Ulta

Beauty,

Inc.

a

329

71,696

Under

Armour,

Inc.,

Class

A

a

1,074

11,191

Under

Armour,

Inc.,

Class

C

a

1,110

10,290

Vail

Resorts,

Inc.

235

40,185

Wayfair,

Inc.,

Class

A

a,b

380

47,135

Whirlpool

Corp.

363

40,562

Wyndham

Hotels

&

Resorts,

Inc.

542

20,439

Wynn

Resorts

Ltd.

563

48,153

2,977,779

Consumer

Staples

–

5.0%

Archer-Daniels-Midland

Co.

3,196

118,700

Bunge

Ltd.

808

32,053

Campbell

Soup

Co.

973

48,631

Casey's

General

Stores,

Inc.

212

32,099

Church

&

Dwight

Co.,

Inc.

1,409

98,616

Clorox

Co.

(The)

721

134,423

ConAgra

Brands,

Inc.

2,796

93,498

Coty,

Inc.,

Class

A

1,687

9,194

Herbalife

Nutrition

Ltd.

a

529

19,758

Hershey

Co.

(The)

852

112,830

Hormel

Foods

Corp.

1,599

74,913

Ingredion,

Inc.

381

30,937

JM

Smucker

Co.

(The)

656

75,381

Kellogg

Co.

1,430

93,665

Kroger

Co.

(The)

4,604

145,533

Lamb

Weston

Holdings,

Inc.

849

52,095

McCormick

&

Co.,

Inc.

710

111,356

Molson

Coors

Beverage

Co.,

Class

B

b

1,080

44,291

Pilgrim's

Pride

Corp.

a

298

6,556

Post

Holdings,

Inc.

a

382

35,087

Reynolds

Consumer

Products,

Inc.

265

8,594

Tyson

Foods,

Inc.,

Class

A

1,695

105,412

US

Foods

Holding

Corp.

a

1,252

26,918

1,510,540

Energy

–

2.2%

Apache

Corp.

2,145

28,056

8

STATEMENT

OF

INVESTMENTS

(continued)

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

99.9%

(continued)

Energy

–

2.2%

(continued)

Baker

Hughes

Co.,

Class

A

3,777

52,689

Cabot

Oil

&

Gas

Corp.

2,372

51,283

Cheniere

Energy,

Inc.

a

1,334

62,284

Concho

Resources,

Inc.

1,156

65,568

Continental

Resources,

Inc.

b

486

7,965

Devon

Energy

Corp.

2,208

27,534

Diamondback

Energy,

Inc.

920

40,057

Halliburton

Co.

5,082

53,361

Hess

Corp.

1,490

72,474

HollyFrontier

Corp.

847

27,985

Marathon

Oil

Corp.

4,565

27,938

National

Oilwell

Varco,

Inc.

2,201

27,821

Noble

Energy,

Inc.

2,728

26,762

Pioneer

Natural

Resources

Co.

953

85,112

Targa

Resources

Corp.

1,328

17,211

674,100

Financials

–

11.8%

AGNC

Investment

Corp.

c

3,136

38,949

Alleghany

Corp.

83

44,298

Ally

Financial,

Inc.

2,170

35,566

American

Financial

Group,

Inc.

431

28,549

Ameriprise

Financial,

Inc.

727

83,561

Annaly

Capital

Management,

Inc.

c

8,233

51,456

Apollo

Global

Management,

Inc.,

Class

A

1,166

47,211

Arch

Capital

Group

Ltd.

a

2,329

55,966

Arthur

J

Gallagher

&

Co.

1,072

84,152

Assurant,

Inc.

349

37,078

Athene

Holding

Ltd.,

Class

A

a

677

18,279

BOK

Financial

Corp.

182

9,426

Brown

&

Brown,

Inc.

1,344

48,263

Cincinnati

Financial

Corp.

874

57,509

Citizens

Financial

Group,

Inc.

2,500

55,975

Comerica,

Inc.

822

28,655

Commerce

Bancshares,

Inc.

592

36,224

Credit

Acceptance

Corp.

a,b

80

24,926

Cullen/Frost

Bankers,

Inc.

325

23,355

Discover

Financial

Services

1,802

77,432

E*TRADE

Financial

Corp.

1,299

52,752

East

West

Bancorp,

Inc.

831

29,143

Equitable

Holdings,

Inc.

2,420

44,334

Erie

Indemnity

Co.,

Class

A

106

18,874

Everest

Re

Group

Ltd.

235

40,686

FactSet

Research

Systems,

Inc.

218

59,950

Fidelity

National

Financial,

Inc.

1,602

43,334

Fifth

Third

Bancorp

4,079

76,237

First

American

Financial

Corp.

652

30,070

First

Republic

Bank

968

100,953

Franklin

Resources,

Inc.

1,592

29,993

Globe

Life,

Inc.

573

47,181

Hartford

Financial

Services

Group,

Inc.

(The)

2,071

78,677

Huntington

Bancshares,

Inc.

5,940

54,886

Invesco

Ltd.

2,123

18,300

Jefferies

Financial

Group,

Inc.

1,365

18,728

KeyCorp

5,663

65,974

KKR

&

Co.,

Inc.,

Class

A

3,163

79,739

Lincoln

National

Corp.

1,150

40,791

Loews

Corp.

1,470

50,950

LPL

Financial

Holdings,

Inc.

461

27,761

M&T

Bank

Corp.

758

84,957

Markel

Corp.

a

79

68,401

MarketAxess

Holdings,

Inc.

218

99,192

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

99.9%

(continued)

Financials

–

11.8%

(continued)

Morningstar,

Inc.

117

18,247

MSCI,

Inc.,

Class

A

488

159,576

NASDAQ,

Inc.

659

72,273

New

Residential

Investment

Corp.

c

2,371

14,439

New

York

Community

Bancorp,

Inc.

2,667

28,964

Northern

Trust

Corp.

1,218

96,417

Old

Republic

International

Corp.

1,628

25,967

People's

United

Financial,

Inc.

2,535

32,169

Popular,

Inc.

505

19,488

Primerica,

Inc.

235

24,419

Principal

Financial

Group,

Inc.

1,503

54,724

Raymond

James

Financial,

Inc.

711

46,869

Regions

Financial

Corp.

5,547

59,630

Reinsurance

Group

of

America,

Inc.,

Class

A

360

37,685

RenaissanceRe

Holdings

Ltd.

257

37,525

Santander

Consumer

USA

Holdings,

Inc.

b

551

8,590

SEI

Investments

Co.

721

36,742

Signature

Bank

308

33,011

Starwood

Property

Trust,

Inc.

c

1,608

20,808

State

Street

Corp.

2,088

131,628

SVB

Financial

Group

a

297

57,371

Synchrony

Financial

3,245

64,219

Synovus

Financial

Corp.

835

17,543

TCF

Financial

Corp.

875

25,979

TD

Ameritrade

Holding

Corp.

1,523

59,808

Unum

Group

1,177

20,539

Voya

Financial,

Inc.

770

34,781

Willis

Towers

Watson

PLC

a

738

131,578

WR

Berkley

Corp.

834

45,036

Zions

Bancorp

NA

973

30,757

3,595,475

Health

Care

–

14.3%

ABIOMED,

Inc.

a

263

50,299

ACADIA

Pharmaceuticals,

Inc.

a

653

31,546

Agilent

Technologies,

Inc.

1,777

136,225

Alexion

Pharmaceuticals,

Inc.

a

1,271

136,594

Align

Technology,

Inc.

a

413

88,733

Alnylam

Pharmaceuticals,

Inc.

a

640

84,288

AmerisourceBergen

Corp.,

Class

A

864

77,466

Avantor,

Inc.

a

1,266

21,281

BioMarin

Pharmaceutical,

Inc.

a

1,032

94,965

BIO-RAD

Laboratories,

Inc.,

Class

A

a

124

54,572

Bio-Techne

Corp.

220

49,500

Bruker

Corp.

580

22,806

Cardinal

Health,

Inc.

1,681

83,176

Catalent,

Inc.

a

890

61,543

Centene

Corp.

a

3,361

223,775

Cerner

Corp.

1,803

125,110

Charles

River

Laboratories

International,

Inc.

a

282

40,797

Chemed

Corp.

94

39,158

Cooper

Cos.,

Inc.

(The)

287

82,283

DaVita,

Inc.

a

523

41,322

DENTSPLY

SIRONA,

Inc.

1,278

54,238

DexCom,

Inc.

a

526

176,315

Elanco

Animal

Health,

Inc.

a

2,298

56,784

Encompass

Health

Corp.

574

38,027

Exact

Sciences

Corp.

a

804

63,500

Guardant

Health,

Inc.

a

230

17,701

Haemonetics

Corp.

a

294

33,451

Henry

Schein,

Inc.

a

845

46,103

Hill-Rom

Holdings,

Inc.

384

43,196

9

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

99.9%

(continued)

Health

Care

–

14.3%

(continued)

Hologic,

Inc.

a

1,541

77,204

IDEXX

Laboratories,

Inc.

a

494

137,134

Incyte

Corp.

a

1,026

100,199

Insulet

Corp.

a

355

70,901

Ionis

Pharmaceuticals,

Inc.

a

746

41,425

Jazz

Pharmaceuticals

PLC

a

330

36,383

Laboratory

Corp.

of

America

Holdings

a

558

91,763

Masimo

Corp.

a

283

60,537

McKesson

Corp.

927

130,939

Mettler-Toledo

International,

Inc.

a

140

100,792

Moderna,

Inc.

a,b

1,283

59,005

Molina

Healthcare,

Inc.

a

361

59,193

Mylan

NV

a

3,002

50,344

Neurocrine

Biosciences,

Inc.

a

529

51,916

Novocure

Ltd.

a

448

29,478

PerkinElmer,

Inc.

639

57,849

Perrigo

Co.

PLC

789

42,054

PPD,

Inc.

a

349

8,341

PRA

Health

Sciences,

Inc.

a

361

34,837

Quest

Diagnostics,

Inc.

773

85,115

ResMed,

Inc.

826

128,294

Sage

Therapeutics,

Inc.

a

296

11,538

Sarepta

Therapeutics,

Inc.

a

407

47,977

Seattle

Genetics,

Inc.

a

660

90,572

STERIS

PLC

a

487

69,398

Teleflex,

Inc.

268

89,887

Universal

Health

Services,

Inc.,

Class

B

462

48,829

Varian

Medical

Systems,

Inc.

a

528

60,393

Veeva

Systems,

Inc.,

Class

A

a

756

144,245

Waters

Corp.

a

371

69,377

West

Pharmaceutical

Services,

Inc.

426

80,625

Zimmer

Biomet

Holdings,

Inc.

1,186

141,964

4,383,262

Industrials

–

13.3%

ADT,

Inc.

b

593

3,398

AECOM

a

896

32,489

AGCO

Corp.

356

18,811

Alaska

Air

Group,

Inc.

703

22,862

Allegion

PLC

534

53,688

Allison

Transmission

Holdings,

Inc.

680

24,711

AMERCO

46

12,886

American

Airlines

Group,

Inc.

b

2,225

26,722

AMETEK,

Inc.

1,314

110,205

AO

Smith

Corp.

795

33,692

BWX

Technologies,

Inc.

554

29,395

Carlisle

Cos.,

Inc.

326

39,433

CH

Robinson

Worldwide,

Inc.

778

55,160

Cintas

Corp.

482

106,922

Copart,

Inc.

a

1,175

94,129

CoStar

Group,

Inc.

a

211

136,783

Donaldson

Co.,

Inc.

723

31,689

Dover

Corp.

834

78,104

Equifax,

Inc.

695

96,535

Expeditors

International

of

Washington,

Inc.

979

70,101

Fastenal

Co.

3,294

119,309

Flowserve

Corp.

746

21,015

Fortive

Corp.

1,696

108,544

Fortune

Brands

Home

&

Security,

Inc.

806

38,849

Generac

Holdings,

Inc.

a

365

35,566

Graco,

Inc.

970

43,320

HD

Supply

Holdings,

Inc.

a

946

28,077

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

99.9%

(continued)

Industrials

–

13.3%

(continued)

HEICO

Corp.

230

20,148

HEICO

Corp.,

Class

A

422

30,523

Hexcel

Corp.

482

16,672

Howmet

Aerospace,

Inc.

2,210

28,885

Hubbell,

Inc.,

Class

B

315

39,195

Huntington

Ingalls

Industries,

Inc.

235

44,981

IDEX

Corp.

438

67,290

IHS

Markit

Ltd.

a

2,302

154,925

Ingersoll

Rand,

Inc.

a

1,990

57,869

Jacobs

Engineering

Group,

Inc.

779

64,462

JB

Hunt

Transport

Services,

Inc.

490

49,549

JetBlue

Airways

Corp.

a

1,647

16,042

Kansas

City

Southern

570

74,413

Knight-Swift

Transportation

Holdings,

Inc.,

Class

A

701

26,063

Lennox

International,

Inc.

204

38,083

Lincoln

Electric

Holdings,

Inc.

349

28,098

Lyft,

Inc.,

Class

A

a

1,179

38,707

ManpowerGroup,

Inc.

336

24,945

Masco

Corp.

1,633

67,018

Middleby

Corp.

(The)

a

319

17,746

Nielsen

Holdings

PLC

2,030

29,902

Nordson

Corp.

295

47,468

Old

Dominion

Freight

Line,

Inc.

550

79,909

Oshkosh

Corp.

388

26,202

Owens

Corning

620

26,883

PACCAR,

Inc.

1,986

137,491

Parker-Hannifin

Corp.

738

116,693

Pentair

PLC

959

33,172

Quanta

Services,

Inc.

812

29,524

Robert

Half

International,

Inc.

670

31,671

Rockwell

Automation,

Inc.

663

125,625

Rollins,

Inc.

803

32,120

Sensata

Technologies

Holding

PLC

a

907

32,997

Snap-On,

Inc.

320

41,693

Spirit

Aerosystems

Holdings,

Inc.,

Class

A

591

13,097

Stanley

Black

&

Decker,

Inc.

872

96,094

Teledyne

Technologies,

Inc.

a

209

68,065

Textron,

Inc.

1,324

34,901

Toro

Co.

(The)

618

39,435

TransUnion

1,083

85,330

United

Airlines

Holdings,

Inc.

a

1,431

42,329

United

Rentals,

Inc.

a

432

55,512

Verisk

Analytics,

Inc.,

Class

A

941

143,813

WABCO

Holdings,

Inc.

a

295

39,642

Watsco,

Inc.

188

30,266

Westinghouse

Air

Brake

Technologies

Corp.

1,047

59,072

Woodward,

Inc.

321

19,440

WW

Grainger,

Inc.

250

68,895

XPO

Logistics,

Inc.

a

536

35,773

Xylem,

Inc.

1,035

74,417

4,075,440

Information

Technology

–

19.1%

Akamai

Technologies,

Inc.

a

927

90,577

Anaplan,

Inc.

a

488

19,940

ANSYS,

Inc.

a

492

128,820

Arista

Networks,

Inc.

a

312

68,422

Arrow

Electronics,

Inc.

a

464

29,195

Aspen

Technology,

Inc.

a

395

40,389

Black

Knight,

Inc.

a

860

60,690

Booz

Allen

Hamilton

Holding

Corp.,

Class

A

808

59,339

10

STATEMENT

OF

INVESTMENTS

(continued)

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

99.9%

(continued)

Information

Technology

–

19.1%

(continued)

Broadridge

Financial

Solutions,

Inc.

659

76,444

Cadence

Design

Systems,

Inc.

a

1,612

130,782

CDK

Global,

Inc.

692

27,182

CDW

Corp.

825

91,410

Ceridian

HCM

Holding,

Inc.

a

586

34,556

Ciena

Corp.

a

902

41,717

Citrix

Systems,

Inc.

661

95,852

Cognex

Corp.

984

54,356

Corning,

Inc.

4,417

97,218

Coupa

Software,

Inc.

a

362

63,745

Dell

Technologies,

Inc.,

Class

C

a

886

37,823

DocuSign,

Inc.,

Class

A

a

717

75,106

DXC

Technology

Co.

1,461

26,488

Dynatrace,

Inc.

a

512

15,283

Elastic

NV

a

185

11,866

Entegris,

Inc.

787

42,679

EPAM

Systems,

Inc.

a

317

70,022

Euronet

Worldwide,

Inc.

a

308

28,262

F5

Networks,

Inc.

a

350

48,741

Fair

Isaac

Corp.

a

166

58,588

First

Solar,

Inc.

a,b

432

19,012

FleetCor

Technologies,

Inc.

a

498

120,142

Flex

Ltd.

a

2,900

28,304

FLIR

Systems,

Inc.

765

33,201

Fortinet,

Inc.

a

815

87,808

Gartner,

Inc.

a

514

61,068

Genpact

Ltd.

878

30,230

GoDaddy,

Inc.,

Class

A

a

1,018

70,680

Guidewire

Software,

Inc.

a

481

43,694

Hewlett

Packard

Enterprise

Co.

7,436

74,806

HP,

Inc.

8,508

131,959

HubSpot,

Inc.

a

232

39,122

IPG

Photonics

Corp.

a

206

26,642

Jack

Henry

&

Associates,

Inc.

442

72,289

Juniper

Networks,

Inc.

1,949

42,098

Keysight

Technologies,

Inc.

a

1,077

104,221

KLA

Corp.

907

148,830

Leidos

Holdings,

Inc.

765

75,590

Marvell

Technology

Group

Ltd.

3,831

102,441

Maxim

Integrated

Products,

Inc.

1,555

85,494

Microchip

Technology,

Inc.

b

1,373

120,453

MKS

Instruments,

Inc.

311

31,172

MongoDB,

Inc.,

Class

A

a,b

199

32,264

Monolithic

Power

Systems,

Inc.

233

46,579

Motorola

Solutions,

Inc.

984

141,509

National

Instruments

Corp.

672

25,818

NetApp,

Inc.

1,312

57,426

NortonLifeLock,

Inc.

3,296

70,106

Okta,

Inc.,

Class

A

a

646

97,740

ON

Semiconductor

Corp.

a

2,382

38,219

Palo

Alto

Networks,

Inc.

a

563

110,635

Paycom

Software,

Inc.

a

283

73,869

Pegasystems,

Inc.

217

18,146

Proofpoint,

Inc.

a

325

39,562

PTC,

Inc.

a

603

41,758

Qorvo,

Inc.

a

669

65,582

RealPage,

Inc.

a

454

29,278

RingCentral,

Inc.,

Class

A

a

431

98,496

Sabre

Corp.

1,562

11,356

Seagate

Technology

PLC

1,329

66,384

Skyworks

Solutions,

Inc.

978

101,595

Slack

Technologies,

Inc.,

Class

A

a,b

309

8,247

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

99.9%

(continued)

Information

Technology

–

19.1%

(continued)

SolarWinds

Corp.

a

372

6,317

Splunk,

Inc.

a

887

124,499

Square,

Inc.,

Class

A

a

1,967

128,130

SS&C

Technologies

Holdings,

Inc.

1,264

69,722

SYNNEX

Corp.

233

20,401

Synopsys,

Inc.

a

864

135,752

Teradyne,

Inc.

964

60,289

Trade

Desk,

Inc.

(The),

Class

A

a

230

67,293

Trimble,

Inc.

a

1,449

50,179

Twilio,

Inc.,

Class

A

a

716

80,407

Tyler

Technologies,

Inc.

a

225

72,155

Ubiquiti,

Inc.

b

70

11,342

Universal

Display

Corp.

244

36,629

VeriSign,

Inc.

a

594

124,437

VMware,

Inc.,

Class

A

a,b

453

59,579

Western

Digital

Corp.

1,709

78,751

Western

Union

Co.

(The)

2,412

45,997

WEX,

Inc.

a

252

33,345

Xerox

Holdings

Corp.

1,061

19,406

Xilinx,

Inc.

1,449

126,643

Zebra

Technologies

Corp.,

Class

A

a

310

71,195

Zendesk,

Inc.

a

646

49,664

Zscaler,

Inc.

a,b

372

24,954

5,846,403

Materials

–

5.1%

Albemarle

Corp.

b

615

37,780

Amcor

PLC

a

9,308

83,493

AptarGroup,

Inc.

367

39,298

Avery

Dennison

Corp.

480

52,987

Axalta

Coating

Systems

Ltd.

a

1,191

23,510

Ball

Corp.

1,878

123,178

Berry

Global

Group,

Inc.

a

754

30,002

Celanese

Corp.,

Class

A

695

57,734

CF

Industries

Holdings,

Inc.

1,241

34,128

Corteva,

Inc.

4,297

112,538

Crown

Holdings,

Inc.

a

789

50,820

Eastman

Chemical

Co.

792

47,924

FMC

Corp.

746

68,557

Freeport-McMoRan,

Inc.

8,339

73,633

International

Flavors

&

Fragrances,

Inc.

b

614

80,452

International

Paper

Co.

2,253

77,165

Martin

Marietta

Materials,

Inc.

360

68,483

Mosaic

Co.

(The)

1,995

22,962

Nucor

Corp.

1,743

71,794

Packaging

Corp.

of

America

543

52,481

Reliance

Steel

&

Aluminum

Co.

389

34,847

Royal

Gold,

Inc.

377

46,194

RPM

International,

Inc.

754

50,073

Sealed

Air

Corp.

881

25,188

Sonoco

Products

Co.

571

27,888

Steel

Dynamics,

Inc.

1,229

29,828

Vulcan

Materials

Co.

760

85,857

Westlake

Chemical

Corp.

197

8,560

Westrock

Co.

1,501

48,317

1,565,671

Real

Estate

–

8

.8%

Alexandria

Real

Estate

Equities,

Inc.

c

704

110,591

American

Campus

Communities,

Inc.

c

783

27,632

American

Homes

4

Rent,

Class

A

c

1,454

35,100

Americold

Realty

Trust

c

1,112

34,016

11

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

99.9%

(continued)

Real

Estate

–

8.8%

(continued)

Apartment

Investment

&

Management

Co.,

Class

A

c

849

31,982

Boston

Properties,

Inc.

c

826

80,271

Brixmor

Property

Group,

Inc.

c

1,700

19,465

Camden

Property

Trust

c

558

49,143

CBRE

Group,

Inc.,

Class

A

a

1,923

82,554

Cousins

Properties,

Inc.

c

837

25,252

CubeSmart

c

1,105

27,846

CyrusOne,

Inc.

c

659

46,229

Digital

Realty

Trust,

Inc.

c

1,514

226,328

Douglas

Emmett,

Inc.

c

941

28,691

Duke

Realty

Corp.

c

2,112

73,286

EPR

Properties

c

447

13,151

Equity

LifeStyle

Properties,

Inc.

c

1,046

63,084

Essex

Property

Trust,

Inc.

c

380

92,758

Extra

Space

Storage,

Inc.

c

744

65,651

Federal

Realty

Investment

Trust

c

408

33,974

Gaming

and

Leisure

Properties,

Inc.

c

1,164

32,871

Healthcare

Trust

of

America,

Inc.,

Class

A

c

1,183

29,137

Healthpeak

Properties,

Inc.

c

2,844

74,342

Host

Hotels

&

Resorts,

Inc.

c

4,171

51,345

Hudson

Pacific

Properties,

Inc.

c

885

21,753

Invitation

Homes,

Inc.

c

3,094

73,173

Iron

Mountain,

Inc.

b,c

1,672

40,429

Jones

Lang

LaSalle,

Inc.

294

31,041

Kilroy

Realty

Corp.

c

569

35,426

Kimco

Realty

Corp.

c

2,409

26,282

Lamar

Advertising

Co.,

Class

A

c

491

28,306

Medical

Properties

Trust,

Inc.

c

2,975

50,992

Mid-America

Apartment

Communities,

Inc.

c

656

73,420

National

Retail

Properties,

Inc.

c

979

31,955

OMEGA

Healthcare

Investors,

Inc.

c

1,273

37,108

Park

Hotels

&

Resorts,

Inc.

c

1,366

12,991

Realty

Income

Corp.

c

1,969

108,138

Regency

Centers

Corp.

c

977

42,900

SBA

Communications

Corp.,

Class

A

c

649

188,158

SL

Green

Realty

Corp.

c

464

24,615

Store

Capital

Corp.

c

1,219

24,465

Sun

Communities,

Inc.

c

532

71,501

UDR,

Inc.

c

1,684

63,099

Ventas,

Inc.

c

2,143

69,326

VEREIT,

Inc.

c

6,093

33,390

VICI

Properties,

Inc.

c

2,683

46,738

Vornado

Realty

Trust

c

904

39,613

Weyerhaeuser

Co.

c

4,281

93,625

WP

Carey,

Inc.

c

990

65,122

2,688,265

Utilities

–

6.2%

AES

Corp.

(The)

3,818

50,588

Alliant

Energy

Corp.

1,382

67,096

Ameren

Corp.

1,414

102,869

American

Water

Works

Co.,

Inc.

1,042

126,801

Atmos

Energy

Corp.

685

69,849

Avangrid,

Inc.

317

13,631

CenterPoint

Energy,

Inc.

2,922

49,762

CMS

Energy

Corp.

1,630

93,057

DTE

Energy

Co.

1,108

114,944

Edison

International

2,058

120,825

Entergy

Corp.

1,143

109,168

Essential

Utilities,

Inc.

1,241

51,861

Evergy,

Inc.

1,309

76,485

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

99.9%

(continued)

Utilities

–

6.2%

(continued)

Eversource

Energy

1,859

150,021

FirstEnergy

Corp.

3,102

128,020

MDU

Resources

Group,

Inc.

1,143

25,672

NiSource,

Inc.

2,148

53,936

NRG

Energy,

Inc.

1,465

49,121

OGE

Energy

Corp.

1,160

36,563

Pinnacle

West

Capital

Corp.

647

49,813

PPL

Corp.

4,409

112,077

UGI

Corp.

1,193

36,005

Vistra

Energy

Corp.

2,611

51,019

WEC

Energy

Group,

Inc.

1,817

164,529

1,903,712

Total

Common

Stocks

(cost

$27,673,468)

30,553,693

Investment

of

Cash

Collateral

for

Securities

Loaned

–

0.8%

Registered

Investment

Companies

–

0.8%

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares,

0.20%

d,e

(cost

$252,258)

252,258

252,258

Total

Investments

(cost

$27,925,726)

100.7%

30,805,951

Liabilities,

Less

Cash

and

Receivables

(0.7)%

(227,108)

Net

Assets

100.0%

30,578,843

12

STATEMENT

OF

INVESTMENTS

(continued)

a

Non-income

producing

security.

b

Security,

or

portion

thereof,

on

loan.

At

April

30,

2020,

the

value

of

the

fund’s

securities

on

loan

was

$702,379

and

the

value

of

the

collateral

was

$716,864,

consisting

of

cash

collateral

of

$252,258

and

U.S.

Government

&

Agency

securities

valued

at

$464,606.

c

Investment

in

a

real

estate

investment

trust.

d

Investment

in

affiliated

issuer.

The

investment

objective

of

this

investment

company

is

publicly

available

and

can

be

found

within

the

investment

company’s

prospectus.

Holdings

and

transactions

in

these

affiliated

companies

during

the

period

ended

April

30,

2020

are

as

follows:

e

The

rate

shown

is

the

1-day

SEC

standardized

yield

as

of

April

30,

2020.

See

Notes

to

Financial

Statements

Description

Value

4/9/20

Purchases

($)

Sales

($)

Net

Realized

Gain

(Loss)

($)

Net

Change

in

Unrealized

Appreciation

(Depreciation)

($)

Value

4/30/20

Net

Assets

(%)

Dividends/

Distributions

($)

Investment

Companies

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares

—

203,909

(203,909)

—

—

—

—

—

Investment

of

Cash

Collateral

for

Securities

Loaned

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares

—

308,658

(56,400)

—

—

252,258

0.8

—

Total

—

512,567

(260,309)

—

—

252,258

0.8

—

Portfolio

Summary

(Unaudited)

†

Value

(%)

Information

Technology

19.1

Health

Care

14.3

Industrials

13.3

Financials

11.8

Consumer

Discretionary

9.7

Real

Estate

8.8

Utilities

6.2

Materials

5.1

Consumer

Staples

5.0

Communication

Services

4.4

Energy

2.2

Registered

Investment

Companies

0.8

100.7

†

Based

on

net

assets.

13

STATEMENT

OF

INVESTMENTS

April

30,

2020

(Unaudited)

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

Description

Shares

Value

($)

Common

Stocks

–

100.0%

Communication

Services

–

2.9%

AMC

Networks,

Inc.,

Class

A

a

903

21,537

Cargurus,

Inc.,

Class

A

a

1,462

33,451

Cinemark

Holdings,

Inc.

2,185

31,202

Cogent

Communications

Holdings,

Inc.

862

72,262

Gray

Television,

Inc.

a

1,747

20,283

Iridium

Communications,

Inc.

a

2,005

45,123

John

Wiley

&

Sons,

Inc.,

Class

A

903

33,908

Liberty

Latin

America

Ltd.,

Class

A

a

931

9,962

Liberty

Latin

America

Ltd.,

Class

C

a

2,339

24,185

Lions

Gate

Entertainment

Corp.,

Class

A

a

1,136

8,111

Lions

Gate

Entertainment

Corp.,

Class

B

a

2,218

14,816

Madison

Square

Garden

Co.

(The),

Class

A

a

356

60,990

Match

Group,

Inc.

a,b

1,115

85,810

New

York

Times

Co.

(The),

Class

A

b

2,970

96,584

Nexstar

Media

Group,

Inc.,

Class

A

955

66,888

Pinterest,

Inc.,

Class

A

a

2,106

43,510

Shenandoah

Telecommunications

Co.

969

51,851

Sinclair

Broadcast

Group,

Inc.,

Class

A

b

1,393

24,586

TEGNA,

Inc.

4,484

48,069

Telephone

&

Data

Systems,

Inc.

2,023

39,691

TripAdvisor,

Inc.

2,172

43,375

U.S.

Cellular

Corp.

a

315

10,026

Vonage

Holdings

Corp.

a

4,715

39,417

World

Wrestling

Entertainment,

Inc.,

Class

A

981

43,625

Yelp,

Inc.,

Class

A

a

1,309

29,256

998,518

Consumer

Discretionary

–

11.9%

Aaron's,

Inc.

1,377

43,940

Acushnet

Holdings

Corp.

708

19,399

Adient

PLC

a

1,785

26,739

Adtalem

Global

Education,

Inc.

a

1,118

35,519

American

Eagle

Outfitters,

Inc.

3,258

25,901

Asbury

Automotive

Group,

Inc.

a

396

26,730

AutoNation,

Inc.

a,b

1,208

44,986

Bed

Bath

&

Beyond,

Inc.

b

2,594

16,057

Bloomin'

Brands,

Inc.

1,779

21,437

Boyd

Gaming

Corp.

1,641

27,388

Brinker

International,

Inc.

b

766

17,832

Brunswick

Corp.

1,687

80,504

Callaway

Golf

Co.

1,929

27,623

Capri

Holdings

Ltd.

a

3,134

47,794

Carter's,

Inc.

912

71,318

Carvana

Co.,

Class

A

a

1,040

83,314

Cheesecake

Factory,

Inc.

(The)

b

841

18,746

Chegg,

Inc.

a

2,374

101,488

Choice

Hotels

International,

Inc.

657

49,308

Churchill

Downs,

Inc.

733

73,461

Cracker

Barrel

Old

Country

Store,

Inc.

499

48,603

Crocs,

Inc.

a

1,424

34,532

Dana,

Inc.

2,951

33,937

Deckers

Outdoor

Corp.

a

577

85,835

Dick's

Sporting

Goods,

Inc.

1,317

38,707

Dorman

Products,

Inc.

a

603

38,037

Eldorado

Resorts,

Inc.

a,b

1,340

28,730

Extended

Stay

America,

Inc.

3,786

41,154

Floor

&

Decor

Holdings,

Inc.,

Class

A

a

1,441

61,098

Foot

Locker,

Inc.

b

2,211

56,668

Fox

Factory

Holding

Corp.

a

796

40,604

Frontdoor,

Inc.

a

1,750

67,743

Goodyear

Tire

&

Rubber

Co.

(The)

4,814

34,516

Graham

Holdings

Co.,

Class

B

91

35,491

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

100.0%

(continued)

Consumer

Discretionary

–

11.9%

(continued)

Grand

Canyon

Education,

Inc.

a

996

85,676

Group

1

Automotive,

Inc.

359

20,316

Groupon,

Inc.,

Class

A

a

9,149

11,162

Grubhub,

Inc.

a

1,890

90,323

H&R

Block,

Inc.

4,034

67,166

Helen

of

Troy

Ltd.

a

519

85,261

Hilton

Grand

Vacations,

Inc.

a

1,752

36,091

Hyatt

Hotels

Corp.,

Class

A

756

42,533

Installed

Building

Products,

Inc.

a

436

21,499

Jack

In

The

Box,

Inc.

b

484

29,185

KB

Home

1,758

46,130

Kontoor

Brands,

Inc.

957

18,575

L

Brands,

Inc.

4,798

57,048

Laureate

Education,

Inc.,

Class

A

a

2,242

21,232

LCI

Industries

517

44,834

LGI

Homes,

Inc.

a

457

27,685

Lithia

Motors,

Inc.,

Class

A

465

51,410

Macy's,

Inc.

b

6,389

37,440

Marriott

Vacations

Worldwide

Corp.

775

64,325

Mattel,

Inc.

a,b

7,163

62,461

MDC

Holdings,

Inc.

1,028

30,069

Meritage

Homes

Corp.

a

739

38,842

Monro,

Inc.

687

38,122

Murphy

USA,

Inc.

a

597

63,760

National

Vision

Holdings,

Inc.

a

1,626

43,089

Ollie's

Bargain

Outlet

Holdings,

Inc.

a

1,130

76,738

Papa

John's

International,

Inc.

b

452

32,508

Penn

National

Gaming,

Inc.

a,b

2,259

40,255

Penske

Automotive

Group,

Inc.

688

24,754

Qurate

Retail,

Inc.,

Series

A

a

7,988

64,343

Ralph

Lauren

Corp.,

Class

A

1,028

75,846

RealReal,

Inc.

(The)

a,b

316

3,710

RH

a,b

337

48,454

Sally

Beauty

Holdings,

Inc.

a,b

2,386

23,168

Scientific

Games

Corp.,

Class

A

a,b

1,110

13,997

SeaWorld

Entertainment,

Inc.

a,b

824

12,105

Shake

Shack,

Inc.,

Class

A

a

636

34,668

Six

Flags

Entertainment

Corp.

1,611

32,236

Skechers

USA,

Inc.,

Class

A

a

2,767

77,974

Steven

Madden

Ltd.

1,599

40,087

Strategic

Education,

Inc.

454

72,322

Taylor

Morrison

Home

Corp.,

Class

A

a

2,738

39,838

Tempur

Sealy

International,

Inc.

a

938

50,418

Texas

Roadhouse,

Inc.,

Class

A

1,347

63,430

Thor

Industries,

Inc.

b

1,140

75,468

TopBuild

Corp.

a

703

65,513

TRI

Pointe

Group,

Inc.

a

2,888

33,154

Urban

Outfitters,

Inc.

a

1,447

25,091

Veoneer,

Inc.

a,b

2,055

20,098

Visteon

Corp.

a

579

34,914

Wendy's

Co.

(The)

3,802

75,508

Williams-Sonoma,

Inc.

1,604

99,191

Wingstop,

Inc.

610

71,535

Wolverine

World

Wide,

Inc.

1,658

33,972

WW

International,

Inc.

a

951

24,260

Wyndham

Destinations,

Inc.

1,874

47,918

YETI

Holdings,

Inc.

a,b

933

25,760

4,098,606

Consumer

Staples

–

3.6%

Beyond

Meat,

Inc.

a,b

214

21,184

BJ's

Wholesale

Club

Holdings,

Inc.

a,b

2,523

66,380

14

STATEMENT

OF

INVESTMENTS

(continued)

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

100.0%

(continued)

Consumer

Staples

–

3.6%

(continued)

Boston

Beer

Co.,

Inc.

(The),

Class

A

a

191

89,103

Cal-Maine

Foods,

Inc.

621

25,778

Coca-Cola

Consolidated,

Inc.

95

22,370

Darling

Ingredients,

Inc.

a

3,383

69,656

Edgewell

Personal

Care

Co.

a

1,123

31,006

Energizer

Holdings,

Inc.

b

1,331

51,856

Flowers

Foods,

Inc.

3,974

88,541

Freshpet,

Inc.

a

705

53,164

Grocery

Outlet

Holding

Corp.

a,b

1,285

42,752

Hain

Celestial

Group,

Inc.

(The)

a,b

1,662

42,946

Inter

Parfums,

Inc.

361

16,133

J&J

Snack

Foods

Corp.

309

39,252

Lancaster

Colony

Corp.

408

54,929

National

Beverage

Corp.

a

239

12,005

Nu

Skin

Enterprises,

Inc.,

Class

A

1,152

33,650

Performance

Food

Group

Co.

a

2,649

77,748

PriceSmart,

Inc.

457

29,038

Sanderson

Farms,

Inc.

407

55,409

Seaboard

Corp.

5

15,055

Simply

Good

Foods

Co.

(The)

a

1,698

32,007

Spectrum

Brands

Holdings,

Inc.

903

38,883

Sprouts

Farmers

Market,

Inc.

a

2,443

50,766

TreeHouse

Foods,

Inc.

a,b

1,162

60,110

USANA

Health

Sciences,

Inc.

a

256

22,840

Vector

Group

Ltd.

2,364

25,295

WD-40

Co.

284

49,496

1,217,352

Energy

–

1.9%

Antero

Midstream

Corp.

b

6,091

28,932

Apergy

Corp.

a

1,587

14,616

Chesapeake

Energy

Corp.

a,b

120

2,100

Cimarex

Energy

Co.

2,106

53,535

CNX

Resources

Corp.

a

3,911

41,457

Core

Laboratories

NV

902

17,688

CVR

Energy,

Inc.

598

14,262

Delek

US

Holdings,

Inc.

b

1,522

35,539

EQT

Corp.

5,284

77,094

Equitrans

Midstream

Corp.

b

4,231

35,456

Helmerich

&

Payne,

Inc.

2,242

44,324

Kosmos

Energy

Ltd.

7,378

12,174

Magnolia

Oil

&

Gas

Corp.,

Class

A

a

2,091

13,529

Matador

Resources

Co.

a

2,247

15,819

Murphy

Oil

Corp.

b

3,062

36,315

Parsley

Energy,

Inc.,

Class

A

6,383

60,319

Patterson-UTI

Energy,

Inc.

3,989

14,719

PBF

Energy,

Inc.,

Class

A

b

2,088

23,803

Tellurian,

Inc.

a

1,886

2,678

Transocean

Ltd.

a,b

11,793

15,095

World

Fuel

Services

Corp.

1,341

33,525

WPX

Energy,

Inc.

a

8,529

52,283

645,262

Financials

–

16.1%

Affiliated

Managers

Group,

Inc.

b

1,018

71,219

American

Equity

Investment

Life

Holding

Co.

1,883

39,581

American

National

Insurance

Co.

187

15,053

Ameris

Bancorp

1,342

34,127

Apollo

Commercial

Real

Estate

Finance,

Inc.

c

2,928

23,863

Ares

Management

Corp.,

Class

A

1,585

53,177

Argo

Group

International

Holdings

Ltd.

711

25,141

Assetmark

Financial

Holdings,

Inc.

a

252

6,045

Associated

Banc-Corp.

3,295

46,591

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

100.0%

(continued)

Financials

–

16.1%

(continued)

Assured

Guaranty

Ltd.

1,971

58,598

Atlantic

Union

Bankshares

Corp.

1,700

40,579

Axis

Capital

Holdings

Ltd.

1,735

63,501

Axos

Financial,

Inc.

a

1,092

25,171

BancFirst

Corp.

368

14,172

BancorpSouth

Bank

1,983

43,408

Bank

of

Hawaii

Corp.

832

56,726

Bank

OZK

b

2,498

56,505

BankUnited,

Inc.

1,964

38,907

Banner

Corp.

723

27,785

BGC

Partners,

Inc.,

Class

A

5,711

17,676

Blackstone

Mortgage

Trust,

Inc.,

Class

A

c

2,775

65,296

Brighthouse

Financial,

Inc.

a

2,257

58,027

Cadence

BanCorp,

Class

A

2,625

17,377

Cannae

Holdings,

Inc.

a

1,489

46,978

Capitol

Federal

Financial,

Inc.

2,926

35,083

Cathay

General

Bancorp

1,566

43,723

CenterState

Bank

Corp.

2,587

44,988

Chimera

Investment

Corp.

b,c

3,882

30,163

CIT

Group,

Inc.

1,958

37,163

CNO

Financial

Group,

Inc.

3,125

43,937

Cohen

&

Steers,

Inc.

444

25,637

Colony

Credit

Real

Estate,

Inc.

c

1,692

8,139

Columbia

Banking

System,

Inc.

1,491

40,242

Columbia

Financial,

Inc.

a

1,007

14,254

Community

Bank

System,

Inc.

1,068

66,739

CVB

Financial

Corp.

2,750

57,159

Eagle

Bancorp,

Inc.

697

24,451

Eaton

Vance

Corp.

2,338

85,805

Enstar

Group

Ltd.

a

304

43,964

Essent

Group

Ltd.

a

2,034

55,569

Evercore,

Inc.,

Class

A

807

41,641

Federated

Hermes,

Inc.,

Class

B

1,987

45,244

FGL

Holdings

a

2,719

28,223

First

Bancorp

4,458

25,990

First

Citizens

BancShares,

Inc.,

Class

A

169

64,558

First

Financial

Bancorp

b

2,038

31,344

First

Financial

Bankshares,

Inc.

b

2,806

78,147

First

Hawaiian,

Inc.

2,708

47,634

First

Horizon

National

Corp.

b

6,430

58,384

First

Interstate

BancSystem,

Inc.,

Class

A

723

24,437

First

Merchants

Corp.

1,153

32,641

First

Midwest

Bancorp,

Inc.

2,255

33,329

FirstCash,

Inc.

883

63,435

Flagstar

Bancorp,

Inc.

707

18,318

FNB

Corp.

6,715

54,324

Fulton

Financial

Corp.

3,394

39,676

Genworth

Financial,

Inc.,

Class

A

a

10,407

37,777

Glacier

Bancorp,

Inc.

1,773

67,516

Great

Western

Bancorp,

Inc.

1,153

21,676

Hancock

Whitney

Corp.

1,802

37,680

Hanover

Insurance

Group,

Inc.

(The)

815

81,810

Heartland

Financial

USA,

Inc.

669

22,726

Hilltop

Holdings,

Inc.

1,430

27,599

Home

Bancshares,

Inc.

3,209

49,194

Hope

Bancorp,

Inc.

2,598

25,850

Horace

Mann

Educators

Corp.

854

30,027

Houlihan

Lokey,

Inc.,

Class

A

908

53,917

IBERIABANK

Corp.

1,080

44,777

Independent

Bank

Corp.

710

51,752

Independent

Bank

Group,

Inc.

747

22,642

Interactive

Brokers

Group,

Inc.,

Class

A

1,585

64,985

15

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

100.0%

(continued)

Financials

–

16.1%

(continued)

International

Bancshares

Corp.

1,176

34,092

Invesco

Mortgage

Capital,

Inc.

c

3,297

10,023

Investors

Bancorp,

Inc.

4,110

38,264

Janus

Henderson

Group

PLC

a,b

3,215

57,549

Kemper

Corp.

1,295

87,050

Kinsale

Capital

Group,

Inc.

424

46,055

Ladder

Capital

Corp.,

Class

A

c

2,029

16,131

Legg

Mason,

Inc.

1,686

84,013

LendingTree,

Inc.

a

157

39,151

Mercury

General

Corp.

555

22,733

MFA

Financial,

Inc.

c

9,266

16,216

MGIC

Investment

Corp.

7,208

52,690

Moelis

&

Co.,

Class

A

b

1,021

30,497

National

General

Holdings

Corp.

1,347

25,633

Navient

Corp.

3,489

26,586

NBT

Bancorp,

Inc.

907

30,049

Nelnet,

Inc.,

Class

A

436

20,993

NMI

Holdings,

Inc.,

Class

A

a

1,394

18,847

Northwest

Bancshares,

Inc.

2,441

25,899

Old

National

Bancorp

3,514

49,793

OneMain

Holdings,

Inc.,

Class

A

1,562

37,816

Pacific

Premier

Bancorp,

Inc.

1,216

25,962

PacWest

Bancorp

2,478

50,155

Park

National

Corp.

296

23,674

PennyMac

Financial

Services,

Inc.

907

27,364

PennyMac

Mortgage

Investment

Trust

c

2,053

21,351

Pinnacle

Financial

Partners,

Inc.

1,487

59,852

ProAssurance

Corp.

1,115

23,850

Prosperity

Bancshares,

Inc.

1,951

116,923

Provident

Financial

Services,

Inc.

1,232

17,679

Radian

Group,

Inc.

4,158

62,287

Redwood

Trust,

Inc.

c

2,311

9,475

Renasant

Corp.

1,186

31,109

RLI

Corp.

825

60,085

Selective

Insurance

Group,

Inc.

1,227

61,510

ServisFirst

Bancshares,

Inc.

945

33,566

Simmons

First

National

Corp.,

Class

A

2,355

44,039

SLM

Corp.

b

8,722

72,741

South

State

Corp.

697

40,314

Sterling

Bancorp

4,176

51,490

Stifel

Financial

Corp.

1,413

62,568

Texas

Capital

Bancshares,

Inc.

a

1,043

28,975

TFS

Financial

Corp.

1,032

14,087

Towne

Bank

1,315

26,563

Tradeweb

Markets,

Inc.,

Class

A

1,546

80,639

Trustmark

Corp.

1,329

35,365

Two

Harbors

Investment

Corp.

c

5,597

25,578

UMB

Financial

Corp.

892

45,349

Umpqua

Holdings

Corp.

4,553

57,026

United

Bankshares,

Inc.

b

2,098

62,856

United

Community

Banks,

Inc.

1,634

34,551

Valley

National

Bancorp

8,094

67,666

Virtu

Financial,

Inc.,

Class

A

1,534

35,850

Walker

&

Dunlop,

Inc.

587

22,558

Washington

Federal,

Inc.

1,619

43,292

Webster

Financial

Corp.

1,903

53,760

WesBanco,

Inc.

1,354

33,417

Westamerica

BanCorp

560

35,280

Western

Alliance

Bancorp

1,952

70,038

White

Mountains

Insurance

Group

Ltd.

63

61,299

Wintrust

Financial

Corp.

1,179

49,400

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

100.0%

(continued)

Financials

–

16.1%

(continued)

WSFS

Financial

Corp.

1,069

31,193

5,510,588

Health

Care

–

14.4%

Acadia

Healthcare

Co.,

Inc.

a,b

1,832

43,986

Acceleron

Pharma,

Inc.

a

944

85,460

Adaptive

Biotechnologies

Corp.

a,b

456

14,596

Agios

Pharmaceuticals,

Inc.

a

1,221

50,232

Akcea

Therapeutics,

Inc.

a,b

351

5,988

Alkermes

PLC

a

3,254

44,612

Allakos,

Inc.

a,b

499

32,814

Allogene

Therapeutics,

Inc.

a,b

1,051

30,374

Allscripts

Healthcare

Solutions,

Inc.

a

3,330

21,645

Amedisys,

Inc.

a

667

122,835

Amicus

Therapeutics,

Inc.

a

5,266

62,191

AMN

Healthcare

Services,

Inc.

a

964

45,289

Apellis

Pharmaceuticals,

Inc.

a

1,039

35,606

Arena

Pharmaceuticals,

Inc.

a

1,035

50,684

Arrowhead

Pharmaceuticals,

Inc.

a

2,070

71,270

Avanos

Medical,

Inc.

a

983

30,522

Biohaven

Pharmaceutical

Holding

Co

Ltd.

a

889

41,872

Bluebird

Bio,

Inc.

a

1,143

61,585

Blueprint

Medicines

Corp.

a

1,114

65,537

Bridgebio

Pharma,

Inc.

a,b

430

13,128

Cantel

Medical

Corp.

b

768

28,416

CONMED

Corp.

583

43,089

CRISPR

Therapeutics

AG

a

700

34,440

Deciphera

Pharmaceuticals,

Inc.

a

399

23,134

Eidos

Therapeutics,

Inc.

a

107

4,969

Emergent

BioSolutions,

Inc.

a

908

67,147

Ensign

Group,

Inc.

(The)

1,036

38,757

Envista

Holdings

Corp.

a

3,278

63,823

Exelixis,

Inc.

a

6,275

154,961

FibroGen,

Inc.

a

1,622

59,836

Glaukos

Corp.

a

800

29,352

Global

Blood

Therapeutics,

Inc.

a

1,245

95,267

Globus

Medical,

Inc.,

Class

A

a

1,591

75,509

Halozyme

Therapeutics,

Inc.

a

2,374

53,783

HealthEquity,

Inc.

a

1,464

82,379

Heron

Therapeutics,

Inc.

a

1,587

22,631

HMS

Holdings

Corp.

a

1,821

52,217

Horizon

Therapeutics

PLC

a

3,869

139,439

ICU

Medical,

Inc.

a

397

87,066

Immunomedics,

Inc.

a

4,103

124,649

Insmed,

Inc.

a

1,832

42,136

Integer

Holdings

Corp.

a

675

50,260

Integra

LifeSciences

Holdings

Corp.

a

1,473

75,197

Intercept

Pharmaceuticals,

Inc.

a,b

520

42,598

Iovance

Biotherapeutics,

Inc.

a

2,399

77,128

iRhythm

Technologies,

Inc.

a

548

57,891

Ironwood

Pharmaceuticals,

Inc.,

Class

A

a

3,216

32,160

LHC

Group,

Inc.

a

611

79,424

Ligand

Pharmaceuticals,

Inc.

a,b

343

33,809

LivaNova

PLC

a

999

53,067

Livongo

Health,

Inc.

a,b

271

10,843

Magellan

Health,

Inc.

a

453

27,511

MEDNAX,

Inc.

a

1,728

25,091

Medpace

Holdings,

Inc.

a

566

45,201

Mirati

Therapeutics,

Inc.

a

755

64,205

MyoKardia,

Inc.

a

956

60,056

Myriad

Genetics,

Inc.

a

1,525

23,576

Natera,

Inc.

a

1,346

49,856

16

STATEMENT

OF

INVESTMENTS

(continued)

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

100.0%

(continued)

Health

Care

–

14.4%

(continued)

Nektar

Therapeutics,

Class

A

a,b

3,635

69,792

Neogen

Corp.

a

1,083

67,785

NeoGenomics,

Inc.

a

2,158

59,000

Nevro

Corp.

a

640

75,290

NuVasive,

Inc.

a

1,077

65,568

Omnicell,

Inc.

a

866

63,131

Option

Care

Health,

Inc.

a

687

9,824

Pacira

BioSciences,

Inc.

a

864

35,675

Patterson

Cos.,

Inc.

1,765

32,264

Penumbra,

Inc.

a

662

117,386

Portola

Pharmaceuticals,

Inc.,

Class

A

a

1,440

10,195

Premier,

Inc.,

Class

A

a

1,366

45,297

Prestige

Consumer

Healthcare,

Inc.

a

1,039

42,277

PTC

Therapeutics,

Inc.

a

1,273

64,821

Quidel

Corp.

a

783

108,837

Reata

Pharmaceuticals,

Inc.,

Class

A

a

527

83,350

Repligen

Corp.

a

969

112,549

Select

Medical

Holdings

Corp.

a

2,204

37,622

Syneos

Health,

Inc.,

Class

A

a

1,286

71,746

Tandem

Diabetes

Care,

Inc.

a

1,161

92,625

Teladoc

Health,

Inc.

a

1,495

246,062

Tenet

Healthcare

Corp.

a

2,131

43,004

Tilray,

Inc.,

Class

2

a,b

650

5,232

Tricida,

Inc.

a

549

16,607

Ultragenyx

Pharmaceutical,

Inc.

a

1,123

67,863

United

Therapeutics

Corp.

a

908

99,480

US

Physical

Therapy,

Inc.

262

19,781

Wright

Medical

Group

NV

a

2,623

76,382

Xencor,

Inc.

a

1,021

29,844

Zogenix,

Inc.

a,b

1,051

29,670

4,960,058

Industrials

–

14.5%

AAON,

Inc.

840

40,017

ABM

Industries,

Inc.

1,374

47,389

Acuity

Brands,

Inc.

818

70,831

Advanced

Disposal

Services,

Inc.

a

1,498

48,310

Advanced

Drainage

Systems,

Inc.

1,072

43,459

Aerojet

Rocketdyne

Holdings,

Inc.

a

1,496

61,545

Air

Lease

Corp.,

Class

A

2,167

56,667

Albany

International

Corp.,

Class

A

636

32,525

Allegiant

Travel

Co.,

Class

A

271

21,268

Altra

Industrial

Motion

Corp.

1,340

37,399

Applied

Industrial

Technologies,

Inc.

800

41,912

Arcosa,

Inc.

999

37,233

Armstrong

World

Industries,

Inc.

1,003

77,311

ASGN,

Inc.

a

1,091

50,677

Avis

Budget

Group,

Inc.

a,b

1,165

19,199

Axon

Enterprise,

Inc.

a

1,226

89,142

Barnes

Group,

Inc.

985

37,804

Beacon

Roofing

Supply,

Inc.

a

1,406

30,932

BMC

Stock

Holdings,

Inc.

a

1,386

29,453

Brady

Corp.,

Class

A

1,029

44,803

BrightView

Holdings,

Inc.

a

623

7,987

Brink's

Co.

(The)

1,033

52,807

Builders

FirstSource,

Inc.

a

2,374

43,563

Casella

Waste

Systems,

Inc.,

Class

A

a

910

42,206

Chart

Industries,

Inc.

a,b

733

26,183

Cimpress

PLC

a,b

504

36,686

Clean

Harbors,

Inc.

a

1,060

56,636

Colfax

Corp.

a

1,728

44,565

Comfort

Systems

USA,

Inc.

760

25,308

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

100.0%

(continued)

Industrials

–

14.5%

(continued)

CoreLogic,

Inc.

1,643

63,124

Covanta

Holding

Corp.

2,399

18,664

Crane

Co.

1,054

57,390

Cubic

Corp.

648

24,760

Curtiss-Wright

Corp.

883

91,523

Deluxe

Corp.

863

24,311

EMCOR

Group,

Inc.

1,161

73,758

EnerSys

874

51,033

ESCO

Technologies,

Inc.

538

41,049

Evoqua

Water

Technologies

Corp.

a

1,477

23,706

Exponent,

Inc.

1,070

75,253

Federal

Signal

Corp.

1,251

33,689

Fluor

Corp.

b

2,874

33,626

Forward

Air

Corp.

585

30,186

Franklin

Electric

Co.,

Inc.

795

40,386

FTI

Consulting,

Inc.

a

777

98,959

Gates

Industrial

Corp.

PLC

a

967

8,307

GATX

Corp.

727

43,111

GrafTech

International

Ltd.

b

1,164

9,452

Harsco

Corp.

a

1,611

16,078

Healthcare

Services

Group,

Inc.

1,520

38,745

Heartland

Express,

Inc.

958

18,767

Herman

Miller,

Inc.

1,211

27,296

Hertz

Global

Holdings,

Inc.

a,b

2,070

8,363

Hillenbrand,

Inc.

1,520

31,844

HNI

Corp.

877

21,346

IAA,

Inc.

a

2,758

106,459

Insperity,

Inc.

779

37,166

ITT,

Inc.

1,811

95,476

JELD-WEN

Holding,

Inc.

a

1,381

17,539

John

Bean

Technologies

Corp.

656

50,341

Kaman

Corp.

578

22,403

KAR

Auction

Services,

Inc.

2,640

39,547

Kennametal,

Inc.

1,713

43,870

Kirby

Corp.

a

1,238

66,134

Korn

Ferry

1,144

32,982

Kratos

Defense

&

Security

Solutions,

Inc.

a

1,851

27,802

Landstar

System,

Inc.

816

84,301

Macquarie

Infrastructure

Corp.

1,596

44,034

MasTec,

Inc.

a

1,246

44,731

Matson,

Inc.

889

26,883

McGrath

RentCorp

504

27,493

Mercury

Systems,

Inc.

a

1,148

102,356

Meritor,

Inc.

a

1,515

31,058

Mobile

Mini,

Inc.

904

25,827

Moog,

Inc.,

Class

A

661

32,706

MSA

Safety,

Inc.

736

82,822

MSC

Industrial

Direct

Co.,

Inc.,

Class

A

932

55,584

Mueller

Industries,

Inc.

1,167

30,225

Mueller

Water

Products,

Inc.,

Class

A

3,269

31,023

Navistar

International

Corp.

a

1,342

31,899

nVent

Electric

PLC

a

3,216

59,978

Parsons

Corp.

a

385

14,399

Proto

Labs,

Inc.

a

553

56,179

RBC

Bearings,

Inc.

a

516

65,367

Regal

Beloit

Corp.

847

60,145

Rexnord

Corp.

2,519

68,693

Ryder

System,

Inc.

1,104

39,082

Saia,

Inc.

a

537

49,683

Schneider

National,

Inc.,

Class

B

694

15,206

Simpson

Manufacturing

Co.,

Inc.

835

60,204

SiteOne

Landscape

Supply,

Inc.

a

855

75,779

17

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

100.0%

(continued)

Industrials

–

14.5%

(continued)

SkyWest,

Inc.

1,045

32,343

Spirit

Airlines,

Inc.

a

1,403

21,073

SPX

Corp.

a

904

34,470

SPX

FLOW,

Inc.

a

883

28,759

Stericycle,

Inc.

a

1,882

91,842

Sunrun,

Inc.

a

1,597

22,406

Terex

Corp.

1,344

20,415

Tetra

Tech,

Inc.

1,128

84,916

Timken

Co.

(The)

1,402

52,687

Trex

Co.,

Inc.

a,b

1,204

114,645

TriNet

Group,

Inc.

a

910

44,563

Trinity

Industries,

Inc.

2,013

38,831

Triton

International

Ltd.

a

1,081

33,489

UniFirst

Corp.

315

52,967

Univar

Solutions,

Inc.

a

2,834

41,150

Universal

Forest

Products,

Inc.

1,269

52,181

Upwork,

Inc.

a

1,294

10,779

Valmont

Industries,

Inc.

444

52,055

Virgin

Galactic

Holdings,

Inc.

a,b

1,647

29,020

Watts

Water

Technologies,

Inc.,

Class

A

572

47,133

Welbilt,

Inc.

a

2,690

13,262

Werner

Enterprises,

Inc.

909

36,469

WESCO

International,

Inc.

a

856

22,145

4,991,519

Information

Technology

–

17.2%

8x8,

Inc.

a

2,054

34,836

Acacia

Communications,

Inc.

a

777

52,595

ACI

Worldwide,

Inc.

a

2,388

65,431

Advanced

Energy

Industries,

Inc.

a

792

44,035

Alarm.com

Holdings,

Inc.

a

746

33,369

Alliance

Data

Systems

Corp.

840

42,059

Alteryx,

Inc.,

Class

A

a

1,019

115,330

Ambarella,

Inc.

a

649

34,124

Amkor

Technology,

Inc.

a

2,163

21,370

Anixter

International,

Inc.

a

623

57,852

Avalara,

Inc.

a

1,357

121,275

Avnet,

Inc.

2,086

62,622

Badger

Meter,

Inc.

602

35,536

Belden,

Inc.

800

27,352

Blackbaud,

Inc.

1,017

56,199

Blackline,

Inc.

a

886

53,816

Bottomline

Technologies

DE,

Inc.

a

781

32,513

Box,

Inc.,

Class

A

a

3,090

49,873

Brooks

Automation,

Inc.

1,495

57,543

Cabot

Microelectronics

Corp.

601

73,647

CACI

International,

Inc.,

Class

A

a

517

129,322

Cirrus

Logic,

Inc.

a

1,195

90,342

Cloudera,

Inc.

a

5,087

42,120

Coherent,

Inc.

a

499

63,807

CommScope

Holding

Co,

Inc.

a

4,013

44,183

CommVault

Systems,

Inc.

a

868

37,055

Cornerstone

OnDemand,

Inc.

a

1,093

36,681

Cree,

Inc.

a

2,226

96,007

CSG

Systems

International,

Inc.

683

33,180

Diodes,

Inc.

a

854

43,460

Dolby

Laboratories,

Inc.,

Class

A

1,321

79,300

Dropbox,

Inc.,

Class

A

a

4,459

93,728

EchoStar

Corp.,

Class

A

a

940

29,657

Enphase

Energy,

Inc.

a

1,643

76,942

Envestnet,

Inc.

a

1,083

67,709

Everbridge,

Inc.

a

698

77,743

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

100.0%

(continued)

Information

Technology

–

17.2%

(continued)

EVERTEC,

Inc.

1,224

31,016

ExlService

Holdings,

Inc.

a

705

43,520

Fabrinet

a

765

48,004

FireEye,

Inc.

a

4,481

51,576

Five9,

Inc.

a

1,262

116,950

II-VI,

Inc.

a,b

1,802

62,025

Inphi

Corp.

a

945

91,230

Insight

Enterprises,

Inc.

a

741

40,229

InterDigital,

Inc.

638

36,857

Itron,

Inc.

a

729

50,899

J2

Global,

Inc.

957

77,173

Jabil,

Inc.

2,869

81,594

KBR,

Inc.

2,927

59,301

Knowles

Corp.

a

1,764

27,430

Lattice

Semiconductor

Corp.

a

2,760

62,128

Littelfuse,

Inc.

503

73,056

LivePerson,

Inc.

a,b

1,278

30,595

LiveRamp

Holdings,

Inc.

a

1,400

53,004

LogMeIn,

Inc.

1,009

86,229

Lumentum

Holdings,

Inc.

a

1,595

129,051

Manhattan

Associates,

Inc.

a

1,320

93,641

ManTech

International

Corp.,

Class

A

556

41,455

MAXIMUS,

Inc.

1,321

88,930

Medallia,

Inc.

a,b

339

7,282

Mimecast

Ltd.

a

1,141

46,667

NCR

Corp.

a

2,638

54,132

NetScout

Systems,

Inc.

a

1,363

36,092

New

Relic,

Inc.

a

1,032

55,408

Novanta,

Inc.

a

724

62,908

Nuance

Communications,

Inc.

a

5,838

117,928

Nutanix,

Inc.,

Class

A

a,b

3,015

61,777

OSI

Systems,

Inc.

a

355

25,695

PagerDuty,

Inc.

a

188

3,969

Paylocity

Holding

Corp.

a

742

84,981

Perspecta,

Inc.

2,842

61,302

Plantronics,

Inc.

b

670

9,460

Plexus

Corp.

a

603

37,802

Pluralsight,

Inc.,

Class

A

a,b

1,691

27,800

Power

Integrations,

Inc.

609

62,331

Progress

Software

Corp.

919

37,596

PROS

Holdings,

Inc.

a

794

27,306

Pure

Storage,

Inc.,

Class

A

a

4,657

67,061

Q2

Holdings,

Inc.

a

907

72,306

Qualys,

Inc.

a,b

688

72,543

Rapid7,

Inc.

a,b

909

41,405

Rogers

Corp.

a

384

42,639

Sailpoint

Technologies

Holdings,

Inc.

a

1,759

32,700

Sanmina

Corp.

a

1,448

40,153

Science

Applications

International

Corp.

1,015

82,885

Semtech

Corp.

a

1,368

61,888

Silicon

Laboratories,

Inc.

a

897

87,206

Smartsheet,

Inc.,

Class

A

a

1,869

98,534

SolarEdge

Technologies,

Inc.

a

1,005

112,148

SPS

Commerce,

Inc.

a

720

39,967

SVMK,

Inc.

a

1,849

29,029

Tech

Data

Corp.

a

731

102,808

Tenable

Holdings,

Inc.

a

865

22,542

Teradata

Corp.

a

2,325

57,172

TTEC

Holdings,

Inc.

362

14,111

Varonis

Systems,

Inc.

a

625

41,906

Verint

Systems,

Inc.

a

1,379

58,939

Verra

Mobility

Corp.,

Class

A

a

2,675

23,968

18

STATEMENT

OF

INVESTMENTS

(continued)

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

100.0%

(continued)

Information

Technology

–

17.2%

(continued)

ViaSat,

Inc.

a

1,191

50,498

Viavi

Solutions,

Inc.

a

4,748

57,356

Vishay

Intertechnology,

Inc.

2,735

45,374

Workiva,

Inc.,

Class

A

a

783

30,028

Yext,

Inc.

a

1,919

24,563

Zoom

Video

Communications,

Inc.,

Class

A

a,b

604

81,643

5,900,314

Materials

–

4.6%

Alcoa

Corp.

a

3,847

31,353

Allegheny

Technologies,

Inc.

a

2,586

19,421

Ashland

Global

Holdings,

Inc.

1,245

76,804

Balchem

Corp.

664

59,255

Cabot

Corp.

1,178

39,922

Carpenter

Technology

Corp.

979

21,704

Chemours

Co.

(The)

b

3,354

39,342

Cleveland-Cliffs,

Inc.

b

8,133

35,623

Commercial

Metals

Co.

2,454

39,117

Compass

Minerals

International,

Inc.

703

34,560

Domtar

Corp.

1,188

27,752

Eagle

Materials,

Inc.

861

52,530

Element

Solutions,

Inc.

a

4,568

46,822

Graphic

Packaging

Holding

Co.

5,996

80,047

Greif,

Inc.,

Class

A

538

18,233

HB

Fuller

Co.

1,056

38,850

Huntsman

Corp.

4,146

69,694

Ingevity

Corp.

a

864

44,859

Innospec,

Inc.

506

36,695

Kaiser

Aluminum

Corp.

331

23,908

Louisiana-Pacific

Corp.

2,427

48,540

Minerals

Technologies,

Inc.

722

31,797

NewMarket

Corp.

153

62,950

Olin

Corp.

b

3,300

44,055

PolyOne

Corp.

1,867

43,482

PQ

Group

Holdings,

Inc.

a

783

9,177

Quaker

Chemical

Corp.

b

267

40,616

Scotts

Miracle-GRO

Co.

(The)

817

101,333

Sensient

Technologies

Corp.

875

41,816

Silgan

Holdings,

Inc.

1,604

55,338

Stepan

Co.

415

39,591

Summit

Materials,

Inc.,

Class

A

a

2,302

34,783

Trinseo

SA

803

16,421

U.S.

Steel

Corp.

b

3,487

26,780

Valvoline,

Inc.

3,894

66,938

Worthington

Industries,

Inc.

756

19,989

WR

Grace

&

Co.

1,159

54,740

1,574,837

Real

Estate

–

8.5%

Acadia

Realty

Trust

c

1,783

22,091

Agree

Realty

Corp.

b,c

994

64,719

Alexander

&

Baldwin,

Inc.

c

1,393

18,304

Alexander's,

Inc.

c

44

13,871

American

Assets

Trust,

Inc.

c

983

27,839

Apple

Hospitality

REIT,

Inc.

c

4,315

41,769

Brandywine

Realty

Trust

c

3,643

40,656

CareTrust

REIT,

Inc.

c

1,959

32,284

Colony

Capital,

Inc.

c

9,988

23,072

Columbia

Property

Trust,

Inc.

c

2,421

34,596

CoreCivic,

Inc.

c

2,443

32,052

CoreSite

Realty

Corp.

c

778

94,286

Corporate

Office

Properties

Trust

c

2,315

61,162

Cushman

&

Wakefield

PLC

a

3,398

41,354

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

100.0%

(continued)

Real

Estate

–

8.5%

(continued)

DiamondRock

Hospitality

Co.

c

4,105

25,574

Diversified

Healthcare

Trust

c

4,878

15,171

EastGroup

Properties,

Inc.

c

793

84,058

Empire

State

Realty

Trust,

Inc.,

Class

A

c

3,061

25,590

Equity

Commonwealth

c

2,519

85,520

Essential

Properties

Realty

Trust,

Inc.

c

1,802

26,471

First

Industrial

Realty

Trust,

Inc.

c

2,623

99,071

Four

Corners

Property

Trust,

Inc.

c

1,414

31,659

GEO

Group,

Inc.

(The)

c

2,486

31,522

Global

NET

Lease,

Inc.

c

1,834

26,391

Hannon

Armstrong

Sustainable

Infrastructure

Capital,

Inc.

b,c

1,346

37,675

Healthcare

Realty

Trust,

Inc.

c

2,762

81,175

Highwoods

Properties,

Inc.

c

2,143

83,170

Howard

Hughes

Corp.

(The)

a

892

48,311

JBG

SMITH

Properties

c

2,438

82,770

Kennedy-Wilson

Holdings,

Inc.

2,564

36,281

Lexington

Realty

Trust,

Class

B

c

5,122

53,525

Life

Storage,

Inc.

c

963

84,349

LTC

Properties,

Inc.

c

825

29,370

Macerich

Co.

(The)

b,c

2,259

16,875

Mack-Cali

Realty

Corp.

c

1,857

30,065

National

Health

Investors,

Inc.

c

909

50,050

National

Storage

Affiliates

Trust

c

1,226

34,916

Outfront

Media,

Inc.

c

2,942

46,160

Paramount

Group,

Inc.

c

4,162

40,163

Pebblebrook

Hotel

Trust

c

2,678

31,708

Physicians

Realty

Trust

c

4,073

62,806

Piedmont

Office

Realty

Trust,

Inc.,

Class

A

c

2,600

45,110

PotlatchDeltic

Corp.

c

1,390

48,803

PS

Business

Parks,

Inc.

c

412

53,185

QTS

Realty

Trust,

Inc.,

Class

A

c

1,200

75,036

Rayonier,

Inc.

c

2,672

64,208

Redfin

Corp.

a

1,702

35,963

Retail

Opportunity

Investments

Corp.

c

2,378

23,079

Retail

Properties

of

America,

Inc.,

Class

A

c

4,381

27,162

Rexford

Industrial

Realty,

Inc.

c

2,291

93,290

RLJ

Lodging

Trust

c

3,536

32,849

Ryman

Hospitality

Properties,

Inc.

c

1,125

39,758

Sabra

Health

Care

REIT,

Inc.

c

4,244

54,408

Service

Properties

Trust

c

3,374

23,382

SITE

Centers

Corp.

c

3,059

18,538

Spirit

Realty

Capital,

Inc.

c

2,061

63,396

STAG

Industrial,

Inc.

c

3,071

80,614

Sunstone

Hotel

Investors,

Inc.

c

4,649

42,724

Taubman

Centers,

Inc.

c

1,264

54,478

Terreno

Realty

Corp.

c

1,386

75,981

Urban

Edge

Properties

c

2,362

27,163

Washington

Real

Estate

Investment

Trust

c

1,666

38,851

Weingarten

Realty

Investors

c

2,499

45,457

Xenia

Hotels

&

Resorts,

Inc.

c

2,310

22,407

2,934,293

Utilities

–

4.4%

ALLETE,

Inc.

1,068

61,474

American

States

Water

Co.

763

60,559

Avista

Corp.

1,378

59,309

Black

Hills

Corp.

1,270

78,664

California

Water

Service

Group

995

44,695

Clearway

Energy,

Inc.,

Class

A

680

12,716

Clearway

Energy,

Inc.,

Class

C

1,630

32,649

El

Paso

Electric

Co.

842

57,256

19

a

Non-income

producing

security.

b

Security,

or

portion

thereof,

on

loan.

At

April

30,

2020,

the

value

of

the

fund’s

securities

on

loan

was

$3,164,977

and

the

value

of

the

collateral

was

$3,238,003,

consisting

of

cash

collateral

of

$483,271

and

U.S.

Government

&

Agency

securities

valued

at

$2,754,732.

c

Investment

in

a

real

estate

investment

trust.

d

Investment

in

affiliated

issuer.

The

investment

objective

of

this

investment

company

is

publicly

available

and

can

be

found

within

the

investment

company’s

prospectus.

Holdings

and

transactions

in

these

affiliated

companies

during

the

period

ended

April

30,

2020

are

as

follows:

e

The

rate

shown

is

the

1-day

SEC

standardized

yield

as

of

April

30,

2020.

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

100.0%

(continued)

Utilities

–

4.4%

(continued)

Hawaiian

Electric

Industries,

Inc.

2,251

88,847

IDACORP,

Inc.

1,042

95,635

MGE

Energy,

Inc.

717

46,361

National

Fuel

Gas

Co.

1,784

73,144

New

Jersey

Resources

Corp.

1,975

66,716

Northwest

Natural

Holding

Co.

628

40,883

NorthWestern

Corp.

1,043

60,171

ONE

Gas,

Inc.

1,090

86,884

Ormat

Technologies,

Inc.

1,054

65,780

Otter

Tail

Corp.

823

36,525

PNM

Resources,

Inc.

1,645

66,606

Portland

General

Electric

Co.

1,846

86,374

SJW

Group

536

31,908

South

Jersey

Industries,

Inc.

1,909

54,578

Southwest

Gas

Holdings,

Inc.

1,129

85,578

Spire,

Inc.

1,054

76,900

TerraForm

Power,

Inc.,

Class

A

1,644

28,474

1,498,686

Total

Common

Stocks

(cost

$30,166,831)

34,330,033

Investment

Companies

–

0.0%

Registered

Investment

Companies

–

0.0%

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares,

0.20%

d,e

(cost

$12,970)

12,970

12,970

Investment

of

Cash

Collateral

for

Securities

Loaned

–

1.4%

Registered

Investment

Companies

–

1.4%

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares,

0.20%

d,e

(cost

$483,271)

483,271

483,271

Total

Investments

(cost

$30,663,072)

101.4%

34,826,274

Liabilities,

Less

Cash

and

Receivables

(1.4)%

(484,171)

Net

Assets

100.0%

34,342,103

REIT—Real

Estate

Investment

Trust

Description

Value

4/9/20

Purchases

($)

Sales

($)

Net

Realized

Gain

(Loss)

($)

Net

Change

in

Unrealized

Appreciation

(Depreciation)

($)

Value

4/30/20

Net

Assets

(%)

Dividends/

Distributions

($)

Investment

Companies

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares

—

229,703

(216,733)

—

—

12,970

0.0

—

Investment

of

Cash

Collateral

for

Securities

Loaned

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares

—

747,079

(263,808)

—

—

483,271

1.4

—

Total

—

976,782

(480,541)

—

—

496,241

1.4

—

20

STATEMENT

OF

INVESTMENTS

(continued)

See

Notes

to

Financial

Statements

Portfolio

Summary

(Unaudited)

†

Value

(%)

Information

Technology

17.2

Financials

16.1

Industrials

14.5

Health

Care

14.4

Consumer

Discretionary

11.9

Real

Estate

8.5

Materials

4.6

Utilities

4.4

Consumer

Staples

3.6

Communication

Services

2.9

Energy

1.9

Registered

Investment

Companies

1.4

101.4

†

Based

on

net

assets.

21

STATEMENT

OF

INVESTMENTS

April

30,

2020

(Unaudited)

BNY

Mellon

International

Equity

ETF

Description

Shares

Value

($)

Common

Stocks

–

95.0%

Australia

–

5.9%

AGL

Energy

Ltd.

1,326

14,724

APA

Group

2,379

17,008

Aristocrat

Leisure

Ltd.

1,284

21,428

ASX

Ltd.

390

20,822

Australia

&

New

Zealand

Banking

Group

Ltd.

5,835

64,561

BHP

Group

Ltd.

5,934

125,679

BHP

Group

PLC

4,258

71,765

Brambles

Ltd.

3,202

23,228

Cochlear

Ltd.

128

15,461

Coles

Group

Ltd.

2,420

24,574

Commonwealth

Bank

of

Australia

3,548

145,621

CSL

Ltd.

912

184,762

Dexus

a

2,184

13,098

Fortescue

Metals

Group

Ltd.

3,451

27,022

Goodman

Group

a

3,231

27,817

GPT

Group

(The)

a

3,884

10,756

Insurance

Australia

Group

Ltd.

4,658

17,627

Macquarie

Group

Ltd.

638

42,881

Mirvac

Group

a

7,978

11,700

National

Australia

Bank

Ltd.

5,812

64,535

Newcrest

Mining

Ltd.

1,539

27,749

Origin

Energy

Ltd.

3,544

12,901

QBE

Insurance

Group

Ltd.

3,045

16,846

Ramsay

Health

Care

Ltd.

322

13,199

REA

Group

Ltd.

98

5,712

Rio

Tinto

Ltd.

748

42,855

Rio

Tinto

PLC

2,007

93,274

Santos

Ltd.

3,552

11,488

Scentre

Group

a

10,734

16,374

Sonic

Healthcare

Ltd.

918

16,342

South32

Ltd.

10,359

13,462

Stockland

a

4,908

9,254

Suncorp

Group

Ltd.

2,537

15,264

Sydney

Airport

2,224

9,173

Telstra

Corp.

Ltd.

8,392

16,757

Transurban

Group

5,257

47,496

Treasury

Wine

Estates

Ltd.

1,449

9,629

Wesfarmers

Ltd.

2,286

56,408

Westpac

Banking

Corp.

6,924

73,800

Woodside

Petroleum

Ltd.

1,887

27,735

Woolworths

Group

Ltd.

2,648

61,978

1,542,765

Austria

–

0.1%

Erste

Group

Bank

AG

607

13,181

OMV

AG

290

9,497

Raiffeisen

Bank

International

AG

272

4,686

Telekom

Austria

AG,

Class

A

281

1,976

Verbund

AG,

Class

A

137

6,206

35,546

Belgium

–

0.8%

Ageas

380

13,673

Anheuser-Busch

InBev

SA/NV

1,723

79,036

Colruyt

SA

97

5,803

Groupe

Bruxelles

Lambert

SA

163

13,011

KBC

Group

NV

689

37,190

Proximus

SADP

313

6,675

Solvay

SA

147

11,470

UCB

SA

255

23,333

Umicore

SA

402

17,353

207,544

BNY

Mellon

International

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

95.0%

(continued)

Canada

–

8.0%

Agnico

Eagle

Mines

Ltd.

483

28,282

Alimentation

Couche-Tard,

Inc.,

Class

A

56

1,587

Alimentation

Couche-Tard,

Inc.,

Class

B

1,753

49,020

Bank

of

Montreal

1,289

65,677

Bank

of

Nova

Scotia

(The)

2,451

98,467

Barrick

Gold

Corp.

3,584

92,455

BCE,

Inc.

601

24,357

Brookfield

Asset

Management,

Inc.,

Class

A

2,820

95,506

Canadian

Imperial

Bank

of

Commerce

898

53,326

Canadian

National

Railway

Co.

1,447

119,921

Canadian

Natural

Resources

Ltd.

2,388

40,077

Canadian

Pacific

Railway

Ltd.

277

63,092

CGI,

Inc.,

Class

A

b

484

30,933

Constellation

Software,

Inc.

40

38,548

Enbridge,

Inc.

4,080

125,283

Fairfax

Financial

Holdings

Ltd.

55

14,945

Fortis,

Inc.,

Class

Common

Subscription

Receipt

931

36,156

Franco-Nevada

Corp.

380

50,384

George

Weston

Ltd.

143

10,166

Great-West

Lifeco

,

Inc.,

Class

Common

Subscription

Receipt

543

8,960

Imperial

Oil

Ltd.

468

7,578

Intact

Financial

Corp.,

Class

Common

Subscription

Receipt

288

27,468

Loblaw

Cos.

Ltd.

352

17,360

Magna

International,

Inc.

574

22,415

Manulife

Financial

Corp.,

Class

Common

Subscription

Receipt

3,929

49,588

National

Bank

of

Canada

674

27,242

Nutrien

Ltd.

1,155

41,337

Open

Text

Corp.

545

20,639

Pembina

Pipeline

Corp.

1,048

24,085

Restaurant

Brands

International,

Inc.

602

29,429

Rogers

Communications,

Inc.,

Class

B

717

30,096

Royal

Bank

of

Canada

2,884

177,801

Saputo,

Inc.

477

12,020

Shopify,

Inc.,

Class

A

b

209

132,835

Sun

Life

Financial,

Inc.

1,185

40,704

Suncor

Energy,

Inc.

3,110

55,575

TC

Energy

Corp.

1,884

86,892

TELUS

Corp.

846

13,857

Thomson

Reuters

Corp.

343

24,218

Toronto-Dominion

Bank

(The)

3,669

153,633

Wheaton

Precious

Metals

Corp.

902

34,347

2,076,261

Chile

–

0.0%

Antofagasta

PLC

696

7,137

China

–

0.3%

Prosus

NV

b

852

64,558

Denmark

–

1.8%

AP

Moller

-

Maersk

A/S,

Class

A

7

6,460

AP

Moller

-

Maersk

A/S,

Class

B

14

13,916

Carlsberg

A/S,

Class

B

213

26,852

Coloplast

A/S,

Class

B

236

37,320

Danske

Bank

A/S

b

1,373

16,289

DSV

Panalpina

A/S

412

42,503

Genmab

A/S

b

131

31,497

Novo

Nordisk

A/S,

Class

B

3,356

214,005

Novozymes

A/S,

Class

B

430

21,062

22

STATEMENT

OF

INVESTMENTS

(continued)

BNY

Mellon

International

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

95.0%

(continued)

Denmark

–

1.8%

(continued)

Orsted

A/

S

c

337

34,063

Vestas

Wind

Systems

A/S

401

34,514

478,481

Finland

–

1.1%

Elisa

OYJ

302

18,339

Fortum

OYJ

878

14,569

Kone

OYJ,

Class

B

815

49,382

Neste

OYJ

868

30,737

Nokia

OYJ

11,353

41,334

Nordea

Bank

Abp

b

6,511

42,157

Sampo

OYJ,

Class

A

994

32,923

Stora

ENSO

OYJ,

Class

A

b

151

2,010

Stora

ENSO

OYJ,

Class

R

b

1,235

14,609

UPM-

Kymmene

OYJ

1,073

29,687

275,747

France

–

9.0%

Accor

SA

365

10,122

Adevinta

ASA,

Class

B

b

456

3,782

Aeroports

de

Paris

66

6,463

Air

Liquide

SA

956

121,569

Airbus

SE

b

1,227

77,787

Amundi

SA

c

122

8,098

AXA

SA

3,958

70,213

BNP

Paribas

SA

2,333

73,274

Bollore

SA

1,824

4,839

Bouygues

SA

502

15,456

Bureau

Veritas

SA

583

12,094

Capgemini

SE

317

29,770

Carrefour

SA

1,155

17,072

CIE

de

Saint-Gobain

1,101

29,195

CIE

Generale

des

Etablissements

Michelin

SCA

363

35,426

CNP

Assurances

b

318

3,283

Credit

Agricole

SA

2,559

20,410

Danone

SA

1,309

90,699

Dassault

Aviation

SA

5

4,080

Dassault

Systemes

SE

276

40,372

Edenred

490

19,734

Electricite

de

France

SA

923

7,354

Engie

SA

3,695

40,083

EssilorLuxottica

SA

591

72,921

Gecina

SA

a

111

14,480

Hermes

International

71

51,932

Kering

SA

150

75,609

Klepierre

SA

a

421

8,510

Legrand

SA

534

35,982

L'Oreal

SA

498

144,710

LVMH

Moet

Hennessy

Louis

Vuitton

SE

546

210,777

Natixis

SA

1,842

4,360

Orange

SA

3,845

46,894

Pernod

Ricard

SA

439

66,884

Peugeot

SA

1,149

16,455

Renault

SA

b

417

8,270

Safran

SA

684

63,096

Sanofi

2,321

226,738

Sartorius

Stedim

Biotech

b

51

12,233

Schneider

Electric

SE

1,123

102,658

Societe

Generale

SA

1,606

25,084

Sodexo

SA

172

13,658

Teleperformance

118

26,431

Thales

SA

209

15,827

Total

SA

5,117

184,113

BNY

Mellon

International

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

95.0%

(continued)

France

–

9.0%

(continued)

Unibail-Rodamco-Westfield

a

277

16,299

Veolia

Environnement

SA

1,134

24,202

Vinci

SA

1,035

84,683

Vivendi

SA

1,623

35,029

Worldline

SA

b,c

169

11,473

2,340,483

Germany

–

6.9%

Adidas

AG

372

85,239

Allianz

SE

845

156,303

BASF

SE

1,867

95,467

Bayer

AG

1,993

131,282

Bayerische

Motoren

Werke

AG

643

38,066

Beiersdorf

AG

198

20,728

Continental

AG

218

18,434

Daimler

AG

1,790

61,827

Deutsche

Bank

AG

4,167

30,936

Deutsche

Boerse

AG

388

60,240

Deutsche

Post

AG

1,958

58,226

Deutsche

Telekom

AG

b

6,582

96,063

Deutsche

Wohnen

SE

725

29,381

E.ON

SE

4,420

44,278

Evonik

Industries

AG

338

8,315

Fresenius

Medical

Care

AG

&

Co.

KGaA

427

33,515

Fresenius

SE

&

Co.

KGaA

826

35,854

Hannover

Rueck

SE

122

19,443

HeidelbergCement

AG

296

14,064

Henkel

AG

&

Co.

KGaA

204

15,887

Infineon

Technologies

AG

2,520

46,785

Merck

KGaA

261

30,331

MTU

Aero

Engines

AG

105

14,295

Muenchener

Rueckversicherungs-Gesellschaft

AG

in

Muenchen

291

64,001

RWE

AG

1,165

33,483

SAP

SE

2,188

261,077

Siemens

AG

1,637

151,832

Siemens

Healthineers

AG

c

302

13,297

Symrise

AG,

Class

A

257

25,987

Talanx

AG

107

3,818

Uniper

SE

369

9,902

Volkswagen

AG

65

9,704

Vonovia

SE

1,093

53,932

Wirecard

AG

232

22,972

Zalando

SE

b,c

268

13,060

1,808,024

Hong

Kong

–

2.8%

AIA

Group

Ltd.

24,400

226,458

CK

Asset

Holdings

Ltd.

5,000

31,603

CK

Infrastructure

Holdings

Ltd.

1,500

8,939

CLP

Holdings

Ltd.

3,500

37,382

Dairy

Farm

International

Holdings

Ltd.

b

500

2,378

Hang

Seng

Bank

Ltd.

1,500

26,411

Henderson

Land

Development

Co.

Ltd.

3,000

12,267

HKT

Trust

&

HKT

Ltd.

7,000

11,251

Hong

Kong

&

China

Gas

Co.

Ltd.

20,000

35,757

Hong

Kong

Exchanges

&

Clearing

Ltd.

2,400

78,015

Jardine

Matheson

Holdings

Ltd.

600

26,376

Jardine

Strategic

Holdings

Ltd.

b

400

8,620

Link

REIT

a

4,200

37,707

MTR

Corp.

Ltd.

3,000

16,659

New

World

Development

Co.

Ltd.

12,000

14,163

Power

Assets

Holdings

Ltd.

3,000

20,065

23

BNY

Mellon

International

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

95.0%

(continued)

Hong

Kong

–

2.8%

(continued)

Sun

Hung

KAI

Properties

Ltd.

3,000

41,175

Swire

Pacific

Ltd.,

Class

A

1,000

6,566

Swire

Pacific

Ltd.,

Class

B

2,500

2,735

Swire

Properties

Ltd.

2,200

6,172

Techtronic

Industries

Co.

Ltd.

3,500

26,660

WH

Group

Ltd.

c

19,000

18,333

Wharf

Real

Estate

Investment

Co.

Ltd.

2,000

8,449

Wheelock

&

Co.

Ltd.

2,000

14,641

718,782

Ireland

–

0.4%

AIB

Group

PLC

b

2,125

2,909

CRH

PLC

1,594

48,100

Kerry

Group

PLC,

Class

A

305

34,977

Kingspan

Group

PLC

308

15,687

101,673

Israel

–

0.4%

Azrieli

Group

Ltd.

73

4,356

Bank

Hapoalim

BM

2,253

14,592

Bank

Leumi

Le-Israel

BM

2,956

16,087

Elbit

Systems

Ltd.

48

6,562

ICL

Ltd.

1,388

4,867

Mizrahi

Tefahot

Bank

Ltd.

265

5,477

Nice

Ltd.

b

125

20,899

Teva

Pharmaceutical

Industries

Ltd.

b

2,196

24,289

97,129

Italy

–

1.6%

Assicurazioni

Generali

SpA

2,448

34,897

Atlantia

SpA

948

15,425

Davide

Campari-Milano

SpA

843

6,528

ENEL

SpA

15,680

107,099

ENI

SpA

5,128

48,944

Ferrari

NV

b

258

40,523

Intesa

Sanpaolo

SpA

31,764

49,508

Mediobanca

Banca

di

Credito

Finanziario

SpA

1,403

8,126

Moncler

SpA

380

14,276

Poste

Italiane

SpA

c

922

7,828

Recordati

SpA

202

8,777

Snam

SpA

4,380

19,612

Telecom

Italia

SpA

b

21,761

8,619

Telecom

Italia

SpA

-RSP

12,148

4,835

Terna

Rete

Elettrica

Nazionale

SpA

2,824

17,693

UniCredit

SpA

b

4,259

32,789

425,479

Japan

–

23.8%

ACOM

Co.

Ltd.

900

3,686

Advantest

Corp.

400

19,713

AEON

Co.

Ltd.

1,800

36,552

AGC,

Inc.

500

12,620

Aisin

Seiki

Co.

Ltd.

400

11,652

Ajinomoto

Co.,

Inc.

1,100

19,709

ANA

Holdings,

Inc.

b

200

4,304

Asahi

Group

Holdings

Ltd.

900

31,477

Asahi

Intecc

Co.

Ltd.

500

13,387

Asahi

Kasei

Corp.

2,800

20,031

Astellas

Pharma,

Inc.

3,600

60,143

Bandai

Namco

Holdings,

Inc.

400

20,315

Bridgestone

Corp.

1,300

41,066

Canon,

Inc.

2,200

47,000

Central

Japan

Railway

Co.

400

63,609

Chubu

Electric

Power

Co.,

Inc.

1,500

20,459

Chugai

Pharmaceutical

Co.

Ltd.

400

47,917

BNY

Mellon

International

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

95.0%

(continued)

Japan

–

23.8%

(continued)

DAI

Nippon

Printing

Co.

Ltd.

600

12,849

Daifuku

Co.

Ltd.

300

21,125

Dai-ichi

Life

Holdings,

Inc.

2,400

30,546

Daiichi

Sankyo

Co.

Ltd.

1,200

82,839

Daikin

Industries

Ltd.

600

78,580

Daito

Trust

Construction

Co.

Ltd.

200

19,292

Daiwa

House

Industry

Co.

Ltd.

1,300

33,523

Daiwa

Securities

Group,

Inc.

3,200

13,418

Denso

Corp.

1,000

35,648

Dentsu

Group,

Inc.

500

10,651

Disco

Corp.

100

22,771

East

Japan

Railway

Co.

800

58,899

Eisai

Co.

Ltd.

600

42,250

FamilyMart

Co.

Ltd.

500

8,571

FANUC

Corp.

400

66,695

Fast

Retailing

Co.

Ltd.

100

48,160

Fujifilm

Holdings

Corp.

800

38,446

Fujitsu

Ltd.

400

39,407

Hamamatsu

Photonics

KK

300

13,270

Hankyu

Hanshin

Holdings,

Inc.

500

17,300

Hitachi

Ltd.

2,000

60,616

Honda

Motor

Co.

Ltd.

3,700

90,324

Hoya

Corp.

800

73,809

Hulic

Co.

Ltd.

1,000

10,025

Idemitsu

Kosan

Co.

Ltd.

500

11,549

INPEX

Corp.

2,200

14,218

Isuzu

Motors

Ltd.

1,200

9,257

ITOCHU

Corp.

3,200

63,590

ITOCHU

Techno-Solutions

Corp.

200

6,172

Japan

Airlines

Co.

Ltd.

200

3,628

Japan

Exchange

Group,

Inc.

1,100

20,697

Japan

Post

Holdings

Co.

Ltd.

3,000

24,261

Japan

Real

Estate

Investment

Corp.

a

3

16,384

Japan

Tobacco,

Inc.

2,300

43,329

JFE

Holdings,

Inc.

1,200

8,125

JXTG

Holdings,

Inc.

6,500

23,262

Kajima

Corp.

1,000

10,567

Kansai

Electric

Power

Co.,

Inc.

(The)

1,700

17,567

Kansai

Paint

Co.

Ltd.

500

9,637

KAO

Corp.

1,000

77,767

KDDI

Corp.

3,200

93,036

KEIO

Corp.

200

11,409

Keisei

Electric

Railway

Co.

Ltd.

300

9,146

Keyence

Corp.

400

145,023

Kikkoman

Corp.

400

18,628

Kintetsu

Group

Holdings

Co.

Ltd.

400

19,301

Kirin

Holdings

Co.

Ltd.

1,800

34,987

Kobayashi

Pharmaceutical

Co.

Ltd.

100

9,295

Koito

Manufacturing

Co.

Ltd.

300

11,474

Komatsu

Ltd.

2,000

38,575

Konami

Holdings

Corp.

200

6,368

Kose

Corp.

100

12,587

Kubota

Corp.

2,300

28,972

Kyocera

Corp.

700

37,830

Kyowa

Kirin

Co.

Ltd.

500

11,774

LINE

Corp.

b

100

4,928

Lion

Corp.

600

12,630

M3,

Inc.

900

32,740

Makita

Corp.

600

19,750

Marubeni

Corp.

3,500

17,151

McDonald's

Holdings

Co.

Japan

Ltd.

100

4,938

MEIJI

Holdings

Co.

Ltd.

300

20,957

24

STATEMENT

OF

INVESTMENTS

(continued)

BNY

Mellon

International

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

95.0%

(continued)

Japan

–

23.8%

(continued)

Minebea

Mitsumi,

Inc.

900

14,931

Misumi

Group,

Inc.

600

14,510

Mitsubishi

Chemical

Holdings

Corp.

2,900

16,743

Mitsubishi

Corp.

3,200

68,827

Mitsubishi

Electric

Corp.

4,300

53,903

Mitsubishi

Estate

Co.

Ltd.

2,800

46,150

Mitsubishi

Heavy

Industries

Ltd.

700

18,090

Mitsubishi

Motors

Corp.

1,400

3,993

Mitsubishi

UFJ

Financial

Group,

Inc.

26,200

106,407

Mitsui

&

Co.

Ltd.

3,500

49,553

Mitsui

Fudosan

Co.

Ltd.

2,000

37,368

Mizuho

Financial

Group,

Inc.

51,200

60,232

Monotaro

Co.

Ltd.

300

9,735

MS&AD

Insurance

Group

Holdings,

Inc.

1,000

29,195

Murata

Manufacturing

Co.

Ltd.

1,300

73,172

NEC

Corp.

500

19,474

Nexon

Co.

Ltd.

900

14,678

Nidec

Corp.

1,100

64,662

Nintendo

Co.

Ltd.

300

125,263

Nippon

Building

Fund,

Inc.

a

3

18,039

Nippon

Paint

Holdings

Co.

Ltd.

400

23,229

Nippon

ProLogis

REIT,

Inc.

a

5

13,821

Nippon

Steel

Corp.

1,900

16,202

Nippon

Telegraph

&

Telephone

Corp.

2,600

59,399

Nissan

Chemical

Corp.

300

11,615

Nissan

Motor

Co.

Ltd.

4,900

16,945

Nisshin

Seifun

Group,

Inc.

500

7,865

Nissin

Foods

Holdings

Co.

Ltd.

200

16,533

Nitori

Holdings

Co.

Ltd.

200

30,897

Nitto

Denko

Corp.

300

15,177

Nomura

Holdings,

Inc.

6,700

28,182

Nomura

Real

Estate

Master

Fund,

Inc.

a

9

10,403

Nomura

Research

Institute

Ltd.

800

19,705

NTT

Data

Corp.

1,300

13,433

NTT

DoCoMo,

Inc.

2,400

70,652

Obayashi

Corp.

1,500

13,354

OBIC

Co.

Ltd.

100

15,168

Odakyu

Electric

Railway

Co.

Ltd.

700

15,534

Olympus

Corp.

b

2,600

41,954

Omron

Corp.

400

23,790

ONO

Pharmaceutical

Co.

Ltd.

1,000

24,230

Oracle

Corp.

Japan

100

10,399

Oriental

Land

Co.

Ltd.

500

63,964

ORIX

Corp.

2,700

32,546

Osaka

Gas

Co.

Ltd.

800

14,955

Otsuka

Corp.

200

9,062

Otsuka

Holdings

Co.

Ltd.

1,100

43,770

Pan

Pacific

International

Holdings

Corp.

1,200

23,364

Panasonic

Corp.

4,700

36,339

PeptiDream

,

Inc.

b

200

7,575

Rakuten

,

Inc.

1,600

13,706

Recruit

Holdings

Co.

Ltd.

3,200

95,220

Renesas

Electronics

Corp.

b

2,100

11,390

Resona

Holdings,

Inc.

4,500

14,182

Ricoh

Co.

Ltd.

1,500

10,380

ROHM

Co.

Ltd.

200

12,830

Santen

Pharmaceutical

Co.

Ltd.

800

14,244

Secom

Co.

Ltd.

400

33,684

Sekisui

Chemical

Co.

Ltd.

900

11,530

Sekisui

House

Ltd.

1,300

22,594

Seven

&

i

Holdings

Co.

Ltd.

1,600

53,161

SG

Holdings

Co.

Ltd.

500

13,990

BNY

Mellon

International

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

95.0%

(continued)

Japan

–

23.8%

(continued)

Sharp

Corp.

b

400

4,485

Shimadzu

Corp.

600

15,065

Shimano,

Inc.

200

29,625

Shimizu

Corp.

1,500

11,727

Shin-Etsu

Chemical

Co.

Ltd.

800

89,886

Shionogi

&

Co.

Ltd.

600

33,267

Shiseido

Co.

Ltd.

800

47,715

SMC

Corp.

100

45,822

Softbank

Corp.

3,300

45,179

SoftBank

Group

Corp.

3,300

142,974

Sompo

Holdings,

Inc.

800

26,184

Sony

Corp.

2,600

168,544

Sony

Financial

Holdings,

Inc.

300

5,796

Subaru

Corp.

1,300

26,441

Sumitomo

Chemical

Co.

Ltd.

3,300

10,307

Sumitomo

Corp.

2,500

28,721

Sumitomo

Dainippon

Pharma

Co.

Ltd.

300

4,203

Sumitomo

Electric

Industries

Ltd.

1,600

16,661

Sumitomo

Metal

Mining

Co.

Ltd.

600

15,253

Sumitomo

Mitsui

Financial

Group,

Inc.

2,800

74,468

Sumitomo

Mitsui

Trust

Holdings,

Inc.

800

23,648

Sumitomo

Realty

&

Development

Co.

Ltd.

1,000

27,246

Suntory

Beverage

&

Food

Ltd.

300

11,376

Suzuki

Motor

Corp.

900

29,196

Sysmex

Corp.

300

20,872

T&D

Holdings,

Inc.

1,200

10,537

Taisei

Corp.

500

15,827

Taisho

Pharmaceutical

Holdings

Co.

Ltd.

100

6,294

Taiyo

Nippon

Sanso

Corp.

400

6,292

Takeda

Pharmaceutical

Co.

Ltd.

3,200

116,198

TDK

Corp.

300

26,315

Terumo

Corp.

1,400

46,765

Tobu

Railway

Co.

Ltd.

400

13,709

Toho

Co.

Ltd.

300

9,931

Tokio

Marine

Holdings,

Inc.

1,400

66,586

Tokyo

Electric

Power

Co.

Holdings,

Inc.

b

1,600

5,431

Tokyo

Electron

Ltd.

300

64,357

Tokyo

Gas

Co.

Ltd.

800

17,641

Tokyu

Corp.

1,100

16,705

Toppan

Printing

Co.

Ltd.

700

10,552

Toray

Industries,

Inc.

3,300

15,402

Toshiba

Corp.

900

22,615

Toto

Ltd.

300

10,633

Toyota

Industries

Corp.

400

20,311

Toyota

Motor

Corp.

5,300

330,386

Toyota

Tsusho

Corp.

500

12,101

Trend

Micro,

Inc.

200

10,230

Unicharm

Corp.

900

33,244

USS

Co.

Ltd.

400

6,396

West

Japan

Railway

Co.

400

24,939

Yakult

Honsha

Co.

Ltd.

300

17,590

Yamaha

Corp.

300

12,288

Yamaha

Motor

Co.

Ltd.

600

7,872

Yamato

Holdings

Co.

Ltd.

800

14,124

Yaskawa

Electric

Corp.

500

16,669

Z

Holdings

Corp.

5,300

20,767

ZOZO,

Inc.

400

6,509

6,215,938

Luxembourg

–

0.1%

ArcelorMittal

SA

1,290

14,132

25

BNY

Mellon

International

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

95.0%

(continued)

Luxembourg

–

0.1%

(continued)

Tenaris

SA

952

6,667

20,799

Macau

–

0.2%

Galaxy

Entertainment

Group

Ltd.

5,000

32,539

Sands

China

Ltd.

4,800

19,751

Wynn

Macau

Ltd.

2,800

4,912

57,202

Netherlands

–

3.8%

ABN

AMRO

Bank

NV,

CVA

c

834

6,394

Adyen

NV

b,c

49

48,367

AKZO

Nobel

NV

408

30,924

ASML

Holding

NV

861

255,237

EXOR

NV

194

10,601

HAL

Trust

168

21,566

Heineken

Holding

NV

203

15,809

Heineken

NV

476

40,468

ING

Groep

NV

7,855

43,087

Koninklijke

Ahold

Delhaize

NV

2,219

53,859

Koninklijke

DSM

NV

366

44,798

Koninklijke

KPN

NV

7,117

16,464

Koninklijke

Philips

NV

1,842

80,127

NN

Group

NV

623

18,022

Royal

Dutch

Shell

PLC,

Class

A

8,431

140,906

Royal

Dutch

Shell

PLC,

Class

B

7,551

122,523

Wolters

Kluwer

NV

550

40,434

989,586

New

Zealand

–

0.2%

a2

Milk

Co.

Ltd.

b

1,484

17,972

Auckland

International

Airport

Ltd.

2,334

8,770

Fisher

&

Paykel

Healthcare

Corp.

Ltd.

1,158

19,568

Meridian

Energy

Ltd.

2,532

7,014

53,324

Norway

–

0.5%

AKER

BP

ASA

218

3,628

DNB

ASA

1,816

22,070

Equinor

ASA

2,221

31,176

Gjensidige

Forsikring

ASA

b

383

6,783

Mowi

ASA

905

15,542

Norsk

Hydro

ASA

2,753

7,050

Orkla

ASA

1,635

14,837

Schibsted

ASA,

Class

A

161

3,425

Schibsted

ASA,

Class

B

205

3,994

Telenor

ASA

1,309

20,142

Yara

International

ASA

355

12,134

140,781

Portugal

–

0.1%

EDP

-

Energias

de

Portugal

SA

4,357

18,373

Galp

Energia

SGPS

SA

917

10,561

Jeronimo

Martins

SGPS

SA

495

8,358

37,292

Singapore

–

1.1%

Ascendas

Real

Estate

Investment

Trust

a

6,000

12,659

CapitaLand

Ltd.

5,100

10,905

CapitaLand

Mall

Trust

a

5,700

7,653

City

Developments

Ltd.

1,200

6,786

DBS

Group

Holdings

Ltd.

3,600

51,045

Genting

Singapore

Ltd.

11,400

6,357

Jardine

Cycle

&

Carriage

Ltd.

200

2,857

Keppel

Corp.

Ltd.

2,900

12,319

Oversea-Chinese

Banking

Corp.

Ltd.

7,900

50,732

BNY

Mellon

International

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

95.0%

(continued)

Singapore

–

1.1%

(continued)

Singapore

Airlines

Ltd.

1,100

4,774

Singapore

Exchange

Ltd.

1,700

11,654

Singapore

Technologies

Engineering

Ltd.

3,100

7,554

Singapore

Telecommunications

Ltd.

16,500

33,171

United

Overseas

Bank

Ltd.

2,800

40,458

Wilmar

International

Ltd.

6,100

15,470

274,394

South

Africa

–

0.2%

Anglo

American

PLC

2,789

49,785

Spain

–

2.1%

ACS

Actividades

de

Construccion

y

Servicios

SA

552

13,767

Aena

SME

SA

c

148

18,723

Amadeus

IT

Group

SA

869

41,804

Banco

Bilbao

Vizcaya

Argentaria

SA

13,442

43,978

Banco

Santander

SA

33,834

75,506

CaixaBank

SA

7,235

13,004

Cellnex

Telecom

SA

c

544

28,481

Endesa

SA

640

14,195

Ferrovial

SA

969

24,199

Grifols

SA

593

20,174

Iberdrola

SA

12,138

121,514

Industria

de

Diseno

Textil

SA

2,164

55,108

Naturgy

Energy

Group

SA

675

11,911

Repsol

SA

2,965

27,000

Telefonica

SA

9,211

42,171

551,535

Sweden

–

2.6%

ALFA

Laval

AB

b

604

11,348

ASSA

Abloy

AB,

Class

B

1,999

36,031

Atlas

Copco

AB,

Class

A

1,303

45,265

Atlas

Copco

AB,

Class

B

787

24,600

Boliden

AB

551

11,300

Electrolux

AB,

Series

B

514

7,096

Epiroc

AB,

Class

A

1,262

12,678

Epiroc

AB,

Class

B

787

7,801

Essity

AB,

Class

A

b

58

1,888

Essity

AB,

Class

B

b

1,221

39,691

Fastighets

AB

Balder,

Class

B

b

194

7,667

Hennes

&

Mauritz

AB,

Class

B

1,561

21,768

Hexagon

AB,

Class

B

b

565

28,177

ICA

Gruppen

AB

187

8,160

Industrivarden

AB,

Class

A

b

325

6,748

Industrivarden

AB,

Class

C

b

337

6,976

Investment

AB

Latour

,

Class

B

250

3,752

Investor

AB,

Class

A

264

13,136

Investor

AB,

Class

B

918

46,167

Kinnevik

AB,

Class

B

488

10,093

Lundin

Energy

AB

380

9,870

Nibe

Industrier

AB,

Class

B

735

13,760

Sandvik

AB

b

2,227

34,498

Securitas

AB,

Class

B

645

7,624

Skandinaviska

Enskilda

Banken

AB,

Class

A

b

3,237

26,626

Skandinaviska

Enskilda

Banken

AB,

Class

C

b

104

931

Skanska

AB,

Class

B

b

726

13,911

SKF

AB,

Class

A

72

1,150

SKF

AB,

Class

B

754

12,008

Svenska

Cellulosa

AB

SCA,

Class

A

b

118

1,281

Svenska

Cellulosa

AB

SCA,

Class

B

b

1,221

13,157

Svenska

Handelsbanken

AB,

Class

A

b

3,057

28,263

Svenska

Handelsbanken

AB,

Class

B

b

135

1,345

26

STATEMENT

OF

INVESTMENTS

(continued)

BNY

Mellon

International

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

95.0%

(continued)

Sweden

–

2.6%

(continued)

Swedbank

AB,

Class

A

b

1,871

22,098

Swedish

Match

AB

343

21,267

Tele2

AB,

Class

B

1,007

13,052

Telefonaktiebolaget

LM

Ericsson,

Class

A

189

1,790

Telefonaktiebolaget

LM

Ericsson,

Class

B

5,276

45,969

Telia

Co.

AB

5,261

18,179

Volvo

AB,

Class

A

481

6,185

Volvo

AB,

Class

B

3,307

42,712

686,018

Switzerland

–

9.9%

ABB

Ltd.

3,931

74,637

Alcon,

Inc.

b

998

52,674

Chocoladefabriken

Lindt

&

Spruengli

AG

2

15,593

CIE

Financiere

Richemont

SA

1,065

60,491

Coca-Cola

HBC

AG

390

9,912

Credit

Suisse

Group

AG

4,895

44,256

EMS-

Chemie

Holding

AG

15

9,721

Geberit

AG

75

33,655

Givaudan

SA

16

53,596

Glencore

PLC

22,054

40,920

Kuehne

+

Nagel

International

AG

102

14,590

LafargeHolcim

Ltd.

981

40,698

Lonza

Group

AG

150

65,492

Nestle

SA

6,015

635,060

Novartis

AG

5,157

439,533

Partners

Group

Holding

AG

38

29,915

Roche

Holding

AG

1,421

493,886

Roche

Holding

AG,

BR

55

19,136

Schindler

Holding

AG

39

8,364

Schindler

Holding

AG

82

18,224

SGS

SA

10

22,639

Sika

AG

259

42,856

Sonova

Holding

AG

109

19,685

STMicroelectronics

NV

b

1,321

34,306

Straumann

Holding

AG

23

17,453

Swatch

Group

AG

(The)

118

4,595

Swatch

Group

AG

(The),

BR

58

11,607

Swiss

Life

Holding

AG

68

24,089

Swiss

RE

AG

597

43,089

Swisscom

AG

51

26,516

UBS

Group

AG

7,799

83,554

Zurich

Insurance

Group

AG

306

97,429

2,588,171

United

Kingdom

–

11.0%

3i

Group

PLC

1,958

19,363

Ashtead

Group

PLC

916

25,130

Associated

British

Foods

PLC

718

17,139

AstraZeneca

PLC

2,645

277,645

Aviva

PLC

7,936

24,204

BAE

Systems

PLC

6,433

41,253

Barclays

PLC

32,470

43,372

BP

PLC

40,786

161,076

British

American

Tobacco

PLC

4,615

179,320

BT

Group

PLC,

Class

A

17,684

25,886

Burberry

Group

PLC

829

14,535

CK

Hutchison

Holdings

Ltd.

5,500

40,723

CNH

Industrial

NV

b

2,003

12,532

Coca-Cola

European

Partners

PLC

b

427

16,926

Compass

Group

PLC

3,212

54,128

Diageo

PLC

4,720

163,723

Experian

PLC

1,836

55,024

BNY

Mellon

International

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

95.0%

(continued)

United

Kingdom

–

11.0%

(continued)

Fiat

Chrysler

Automobiles

NV

b

2,218

19,474

GlaxoSmithKline

PLC

10,064

210,851

Hargreaves

Lansdown

PLC

555

10,084

HSBC

Holdings

PLC

41,605

215,162

Imperial

Brands

PLC

1,914

40,535

Informa

PLC

2,523

13,977

InterContinental

Hotels

Group

PLC

378

17,203

Intertek

Group

PLC

324

19,412

Legal

&

General

Group

PLC

11,910

30,736

Lloyds

Banking

Group

PLC

141,466

57,529

London

Stock

Exchange

Group

PLC

636

59,813

Melrose

Industries

PLC

9,794

12,327

National

Grid

PLC

7,566

89,116

Next

PLC

269

16,035

Ocado

Group

PLC

b

1,183

23,942

Prudential

PLC

5,213

74,204

Reckitt

Benckiser

Group

PLC

1,485

124,187

RELX

PLC

4,055

91,887

Rolls-Royce

Holdings

PLC

3,893

16,204

Royal

Bank

of

Scotland

Group

PLC

9,263

12,917

Segro

PLC

a

2,211

23,136

Smith

&

Nephew

PLC

1,796

35,295

SSE

PLC

2,085

32,874

Standard

Chartered

PLC

5,412

27,818

Tesco

PLC

19,581

58,066

Unilever

NV

2,961

147,824

Unilever

PLC

2,354

121,797

Vodafone

Group

PLC

54,018

76,407

WPP

PLC

2,515

19,706

2,870,497

United

States

–

0.3%

Ferguson

PLC

468

33,860

Waste

Connections,

Inc.

532

45,871

79,731

Total

Common

Stocks

(cost

$23,798,975)

24,794,662

Preferred

Stocks

–

0.5%

Germany

–

0.5%

Bayerische

Motoren

Werke

AG,

5.34%

112

5,302

Henkel

AG

&

Co.

KGaA

,

2.15%

359

31,866

Porsche

Automobil

Holding

SE,

3.98%

309

15,579

Sartorius

AG,

0.13%

b

69

19,408

Volkswagen

AG,

3.27%

370

51,962

124,117

Spain

–

0.0%

Grifols

SA,

Class

B,

1.59%

523

10,827

Total

Preferred

Stocks

(cost

$126,414)

134,944

Principal

Amount

($)

Short-Term

Investments

–

0.6%

U.S.

Treasury

Securities

–

0.6%

U.S.

Treasury

Bills,

0.16%,

2/25/2021

d,e

(cost

$142,809)

143,000

142,828

27

a

Investment

in

a

real

estate

investment

trust.

b

Non-income

producing

security.

c

Security

exempt

from

registration

pursuant

to

Rule

144A

under

the

Securities

Act

of

1933.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

At

April

30,

2020,

these

securities

were

valued

at

$208,117

or

0.80%

of

net

asset.

d

Held

by

a

counterparty

for

open

exchange

traded

derivative

contracts.

e

Security

is

a

discount

security.

Income

is

recognized

through

the

accretion

of

discount.

f

Investment

in

affiliated

issuer.

The

investment

objective

of

this

investment

company

is

publicly

available

and

can

be

found

within

the

investment

company’s

prospectus.

Holdings

and

transactions

in

these

affiliated

companies

during

the

period

ended

April

30,

2020

are

as

follows:

g

The

rate

shown

is

the

1-day

SEC

standardized

yield

as

of

April

30,

2020.

BNY

Mellon

International

Equity

ETF

(continued)

Description

Shares

Value

($)

Investment

Companies

–

3.9%

Registered

Investment

Companies

–

3.9%

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares,

0.20%

f,g

(cost

$1,022,644)

1,022,644

1,022,644

Total

Investments

(cost

$25,090,842)

100.0%

26,095,078

Cash

and

Receivables

(Net)

.0%

9,731

Net

Assets

100.0%

26,104,809

BR—Bearer

Shares

CVA—Dutch

Certificates

REIT—Real

Estate

Investment

Trust

Description

Value

4/24/20

Purchases

($)

Sales

($)

Net

Realized

Gain

(Loss)

($)

Net

Change

in

Unrealized

Appreciation

(Depreciation)

($)

Value

4/30/20

Net

Assets

(%)

Dividends/

Distributions

($)

Investment

Companies

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares

—

1,207,776

(185,132)

—

—

1,022,644

3.9

6

Total

—

1,207,776

(185,132)

—

—

1,022,644

3.9

6

Portfolio

Summary

(Unaudited)

†

Value

(%)

Financials

17.7

Health

Care

13.6

Industrials

13.3

Consumer

Staples

11.7

Consumer

Discretionary

9.6

Information

Technology

7.6

Materials

6.8

Communication

Services

4.9

Energy

4.4

Registered

Investment

Companies

3.9

Utilities

3.3

Real

Estate

2.6

U.S.

Treasury

Securities

0.6

100.0

†

Based

on

net

assets.

28

STATEMENT

OF

INVESTMENTS

(continued)

See

Notes

to

Financial

Statements

Futures

Description

Number

of

Contracts

Expiration

Notional

Value

($)

Market

Value

($)

Unrealized

Appreciation

(Depreciation)

($)

Futures

Long

MSCI

Emerging

Markets

Index

12

6/19/20

950,818

982,980

32,162

S&P/TSX

60

Index

1

6/18/20

123,963

*

127,895

3,932

Gross

Unrealized

Appreciation

36,094

*

Notional

amounts

in

foreign

currency

have

been

converted

to

USD

using

relevant

foreign

exchange

rates.

29

STATEMENT

OF

INVESTMENTS

April

30,

2020

(Unaudited)

BNY

Mellon

Emerging

Markets

Equity

ETF

Description

Shares

Value

($)

Common

Stocks

–

84.9%

Brazil

–

3.0%

Ambev

SA

25,300

53,140

Atacadao

SA

2,200

8,165

B3

SA

-

Brasil

Bolsa

Balcao

11,900

84,085

Banco

Bradesco

SA

7,600

24,836

Banco

BTG

Pactual

SA

900

6,951

Banco

do

Brasil

SA

6,700

35,064

BB

Seguridade

Participacoes

SA

3,900

19,106

CCR

SA

6,600

15,143

Centrais

Eletricas

Brasileiras

SA

1,900

8,596

Cia

de

Saneamento

Basico

do

Estado

de

Sao

Paulo

2,000

14,897

Energisa

SA

1,400

11,801

Engie

Brasil

Energia

SA

1,500

10,895

Hapvida

Participacoes

e

Investimentos

SA

a

1,200

11,567

IRB

Brasil

Resseguros

S/A

2,500

4,766

Itausa

-

Investimentos

Itau

SA

6,300

12,383

Localiza

Rent

A

Car

SA

3,400

21,581

Lojas

Renner

SA

4,600

32,707

Magazine

Luiza

SA

3,800

35,267

Notre

Dame

Intermedica

Participacoes

SA

2,600

26,421

Petrobras

Distribuidora

SA

4,200

15,308

Petroleo

Brasileiro

SA

15,500

53,601

Raia

Drogasil

SA

1,500

29,197

Rumo

SA

b

6,100

22,199

Sul

America

SA

1,600

13,256

Suzano

SA

b

3,100

22,517

Tim

Participacoes

SA

4,600

10,749

Vale

SA

18,300

152,430

Weg

SA

4,200

30,841

787,469

Chile

–

0.6%

AntarChile

SA

688

4,746

Banco

de

Chile

252,501

22,230

Banco

de

Credito

e

Inversiones

SA

309

11,458

Banco

Santander

Chile

351,657

15,081

Cencosud

Shopping

SA

b

2,699

4,778

Empresas

CMPC

SA

6,560

14,124

Empresas

COPEC

SA

2,094

13,070

ENEL

Americas

SA

208,612

34,188

Enel

Chile

SA

154,736

12,585

Falabella

SA

4,119

11,234

Latam

Airlines

Group

SA

1,313

4,955

Plaza

SA

1,671

2,403

150,852

China

–

34.5%

58.com,

Inc.,

ADR

b

531

27,585

AAC

Technologies

Holdings,

Inc.

4,000

19,581

Agricultural

Bank

of

China

Ltd.,

Class

H

163,000

68,544

Alibaba

Group

Holding

Ltd.,

ADR

b

9,051

1,834,366

Alibaba

Health

Information

Technology

Ltd.

b

18,000

43,558

Anhui

Conch

Cement

Co.

Ltd.,

Class

H

7,000

55,080

ANTA

Sports

Products

Ltd.

6,000

50,656

Autohome,

Inc.,

ADR

326

26,781

Baidu,

Inc.,

ADR

b

1,574

158,864

Bank

of

China

Ltd.,

Class

H

442,000

169,334

Bank

of

Communications

Co.

Ltd.,

Class

H

123,000

78,061

BeiGene

Ltd.

b

1,900

23,749

BOC

Hong

Kong

Holdings

Ltd.

21,000

64,606

China

CITIC

Bank

Corp.

Ltd.,

Class

H

67,000

32,755

China

Construction

Bank

Corp.,

Class

H

566,000

461,424

China

Evergrande

Group

17,000

30,174

BNY

Mellon

Emerging

Markets

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

84.9%

(continued)

China

–

34.5%

(continued)

China

Feihe

Ltd.

a,b

16,000

33,352

China

Gas

Holdings

Ltd.

12,000

44,348

China

Jinmao

Holdings

Group

Ltd.

28,000

19,540

China

Life

Insurance

Co.

Ltd.,

Class

H

43,000

91,743

China

Mengniu

Dairy

Co.

Ltd.

16,000

57,067

China

Merchants

Bank

Co.

Ltd.,

Class

H

21,500

103,030

China

Mobile

Ltd.

31,500

253,752

China

Overseas

Land

&

Investment

Ltd.

22,000

80,737

China

Pacific

Insurance

Group

Co.

Ltd.,

Class

H

15,000

49,727

China

Petroleum

&

Chemical

Corp.,

Class

H

146,000

73,825

China

Resources

Beer

Holdings

Co.

Ltd.

8,000

38,130

China

Resources

Cement

Holdings

Ltd.

12,000

16,253

China

Resources

Gas

Group

Ltd.

4,000

22,600

China

Resources

Land

Ltd.

16,000

65,632

China

Shenhua

Energy

Co.

Ltd.,

Class

H

19,500

34,863

China

Taiping

Insurance

Holdings

Co.

Ltd.

8,400

14,151

China

Tower

Corp.

Ltd.,

Class

H

a

254,000

57,010

China

Unicom

Hong

Kong

Ltd.

34,000

21,973

CNOOC

Ltd.

92,000

104,314

Country

Garden

Holdings

Co.

Ltd.

43,000

55,412

Country

Garden

Services

Holdings

Co.

Ltd.

7,000

32,506

CSPC

Pharmaceutical

Group

Ltd.

26,000

51,649

Dali

Foods

Group

Co.

Ltd.

a

12,000

7,384

Enn

Energy

Holdings

Ltd.

4,300

48,589

Fosun

International

Ltd.

14,500

18,367

Geely

Automobile

Holdings

Ltd.

29,000

45,339

Guangdong

Investment

Ltd.

16,000

33,270

Haidilao

International

Holding

Ltd.

a

5,000

21,768

Haier

Electronics

Group

Co.

Ltd.

7,000

19,278

Hansoh

Pharmaceutical

Group

Co.

Ltd.

a,b

4,000

15,531

Hengan

International

Group

Co.

Ltd.

4,000

35,680

Huazhu

Group

Ltd.,

ADR

644

23,190

Industrial

&

Commercial

Bank

of

China

Ltd.,

Class

H

449,000

305,227

JD.com,

Inc.,

ADR

b

5,010

215,931

Kunlun

Energy

Co.

Ltd.

22,000

14,331

Lenovo

Group

Ltd.

36,000

19,597

Li

Ning

Co

Ltd.

11,500

36,270

Logan

Property

Holdings

Co.

Ltd.

8,000

12,590

Longfor

Group

Holdings

Ltd.

a

8,000

40,504

Meituan

Dianping,

Class

B

b

20,300

271,807

NetEase,

Inc.,

ADR

396

136,604

New

Oriental

Education

&

Technology

Group,

Inc.,

ADR

b

683

87,192

PetroChina

Co.

Ltd.,

Class

H

120,000

43,187

Picc

Property

&

Casualty

Co.

Ltd.,

Class

H

40,000

38,337

Pinduoduo,

Inc.,

ADR

b

2,068

98,106

Ping

An

Insurance

Group

Co.

of

China

Ltd.,

Class

H

31,000

318,703

Postal

Savings

Bank

of

China

Co.

Ltd.,

Class

H

a

54,000

32,390

Shenzhou

International

Group

Holdings

Ltd.

4,100

47,784

Shimao

Property

Holdings

Ltd.

5,500

22,206

Sun

Art

Retail

Group

Ltd.

12,500

20,832

Sunac

China

Holdings

Ltd.

13,000

57,686

Sunny

Optical

Technology

Group

Co.

Ltd.

4,100

58,229

Tal

Education

Group,

ADR

b

2,212

119,868

Tencent

Holdings

Ltd.

32,900

1,769,696

Tingyi

Cayman

Islands

Holding

Corp.

10,000

17,698

Topsports

International

Holdings

Ltd.

a

6,000

7,538

Trip.com

Group

Ltd.,

ADR

b

2,349

60,510

Want

Want

China

Holdings

Ltd.

36,000

25,819

Wuxi

Biologics

Cayman,

Inc.

a,b

3,000

46,825

30

STATEMENT

OF

INVESTMENTS

(continued)

BNY

Mellon

Emerging

Markets

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

84.9%

(continued)

China

–

34.5%

(continued)

Xiaomi

Corp.,

Class

B

a,b

75,800

99,732

Yum

China

Holdings,

Inc.

2,161

104,722

Zhongsheng

Group

Holdings

Ltd.

3,000

12,112

ZTO

Express

Cayman,

Inc.,

ADR

2,482

73,864

8,951,025

Colombia

–

0.1%

Banco

de

Bogota

SA

594

9,847

Bancolombia

SA

1,570

10,150

Ecopetrol

SA

28,182

14,883

34,880

Czech

Republic

–

0.1%

CEZ

AS

926

17,300

Egypt

–

0.1%

Commercial

International

Bank

Egypt

SAE

8,436

34,253

Greece

–

0.2%

Alpha

Bank

AE

b

7,263

5,306

Eurobank

Ergasias

Services

and

Holdings

SA

b

14,077

5,677

Hellenic

Telecommunications

Organization

SA

1,378

18,263

Opap

SA

1,274

11,442

40,688

Hong

Kong

–

0.2%

Sino

Biopharmaceutical

Ltd.

39,000

57,048

Hungary

–

0.2%

MOL

Hungarian

Oil

&

Gas

PLC

2,831

18,017

OTP

Bank

Nyrt

1,279

38,027

56,044

Indonesia

–

1.6%

Astra

International

TBK

PT

115,900

29,998

Bank

Central

Asia

Tbk

PT

63,900

111,046

Bank

Mandiri

Persero

Tbk

PT

106,800

32,022

Bank

Negara

Indonesia

Persero

Tbk

PT

42,400

11,687

Bank

Rakyat

Indonesia

Persero

Tbk

PT

303,900

55,775

Barito

Pacific

Tbk

PT

b

147,900

14,417

Chandra

Asri

Petrochemical

Tbk

PT

13,500

8,145

Charoen

Pokphand

Indonesia

Tbk

PT

41,300

12,772

Gudang

Garam

Tbk

PT

2,600

7,918

Indocement

Tunggal

Prakarsa

Tbk

PT

10,400

8,145

Indofood

CBP

Sukses

Makmur

Tbk

PT

12,800

8,498

Kalbe

Farma

Tbk

PT

114,900

11,123

Semen

Indonesia

Persero

Tbk

PT

16,800

8,979

Telekomunikasi

Indonesia

(Persero)

Tbk

PT

273,200

64,282

Unilever

Indonesia

Tbk

PT

32,800

18,247

United

Tractors

Tbk

PT

8,500

9,314

412,368

Malaysia

–

2.2%

Axiata

Group

BHD

27,300

25,014

CIMB

Group

Holdings

BHD

38,200

30,649

Dialog

Group

BHD

23,800

18,431

Digi.com

BHD

19,700

21,258

Genting

BHD

13,500

13,092

Genting

Malaysia

BHD

18,200

10,031

Hap

Seng

Consolidated

BHD

3,900

6,675

Hartalega

Holdings

BHD

9,600

16,967

Hong

Leong

Bank

BHD

4,800

14,847

Hong

Leong

Financial

Group

BHD

1,600

4,874

IHH

Healthcare

BHD

18,300

22,343

IOI

Corp.

BHD

18,500

17,467

BNY

Mellon

Emerging

Markets

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

84.9%

(continued)

Malaysia

–

2.2%

(continued)

KLCCP

Stapled

Group

2,800

5,105

Kuala

Lumpur

Kepong

BHD

3,300

16,116

Malayan

Banking

BHD

37,600

66,194

Maxis

BHD

13,700

17,460

Misc

BHD

7,900

14,496

Nestle

Malaysia

BHD

400

13,033

Petronas

Chemicals

Group

BHD

16,600

21,619

Petronas

Dagangan

BHD

1,700

8,041

Petronas

Gas

BHD

4,500

16,116

Ppb

Group

BHD

4,200

16,077

Press

Metal

Aluminium

Holdings

BHD

9,000

8,247

Public

Bank

BHD

17,500

66,663

RHB

Bank

BHD

17,400

19,221

Sime

Darby

BHD

15,300

7,116

Sime

Darby

Plantation

BHD

17,400

20,030

Tenaga

Nasional

BHD

16,100

45,829

Westports

Holdings

BHD

6,600

5,679

568,690

Mexico

–

1.6%

America

Movil

SAB

de

CV,

Series

L

134,200

82,064

Arca

Continental

SAB

de

CV

2,600

10,118

Becle

SAB

de

CV

3,000

4,633

Cemex

SAB

de

CV,

Series

CPO

b

87,600

18,764

El

Puerto

de

Liverpool

SAB

de

CV

1,100

2,811

Fibra

Uno

Administracion

SA

de

CV

c

17,100

14,371

Fomento

Economico

Mexicano

SAB

de

CV

10,600

69,232

Grupo

Bimbo

SAB

de

CV

8,500

12,616

Grupo

Carso

SAB

de

CV,

Series

A

2,600

5,228

Grupo

Elektra

SAB

de

CV

335

19,374

Grupo

Financiero

Banorte

SAB

de

CV,

Class

O

14,000

38,796

Grupo

Financiero

Inbursa

SAB

de

CV,

Class

O

12,400

7,494

Grupo

Mexico

SAB

de

CV,

Series

B

18,400

39,605

Infraestructura

Energetica

Nova

SAB

de

CV

3,000

10,077

Kimberly-Clark

de

Mexico

SAB

de

CV,

Class

A

8,100

11,584

Wal-Mart

de

Mexico

SAB

de

CV

29,100

71,094

417,861

Pakistan

–

0.0%

Oil

&

Gas

Development

Co.

Ltd.

4,100

2,693

Peru

–

0.2%

Credicorp

Ltd.

400

59,608

Philippines

–

0.9%

Aboitiz

Equity

Ventures,

Inc.

13,000

10,702

Aboitiz

Power

Corp.

8,800

4,783

Ayala

Corp.

1,440

16,625

Ayala

Land,

Inc.

33,600

21,296

Bank

of

The

Philippine

Islands

10,350

12,011

BDO

Unibank,

Inc.

10,010

20,056

Globe

Telecom,

Inc.

170

7,406

JG

Summit

Holdings,

Inc.

16,550

16,711

Jollibee

Foods

Corp.

2,490

7,068

Manila

Electric

Co.

1,600

8,075

Metropolitan

Bank

&

Trust

Co.

10,300

7,979

San

Miguel

Corp.

2,470

4,753

San

Miguel

Food

and

Beverage,

Inc.

3,710

4,342

SM

Investments

Corp.

2,770

46,432

SM

Prime

Holdings,

Inc.

64,800

39,849

Universal

Robina

Corp.

5,020

12,538

240,626

31

BNY

Mellon

Emerging

Markets

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

84.9%

(continued)

Poland

–

0.7%

Bank

Polska

Kasa

Opieki

SA

914

11,473

CD

Projekt

SA

385

33,246

Cyfrowy

Polsat

SA

1,600

9,876

Grupa

Lotos

SA

493

7,424

ING

Bank

Slaski

SA

b

188

6,056

KGHM

Polska

Miedz

SA

b

790

14,685

Mbank

SA

b

75

3,966

PGE

Polska

Grupa

Energetyczna

SA

b

4,516

4,495

Polski

Koncern

Naftowy

Orlen

SA

1,661

25,012

Polskie

Gornictwo

Naftowe

I

Gazownictwo

SA

9,146

8,200

Powszechna

Kasa

Oszczednosci

Bank

Polski

SA

4,957

26,346

Powszechny

Zaklad

Ubezpieczen

SA

3,304

24,159

Santander

Bank

Polska

SA

188

7,400

182,338

Qatar

–

0.8%

Industries

Qatar

QSC

11,353

21,982

Masraf

Al

Rayan

QSC

21,306

22,348

Mesaieed

Petrochemical

Holding

Co.

24,429

12,077

Ooredoo

QPSC

4,620

8,121

Qatar

Islamic

Bank

SAQ

6,703

28,517

Qatar

National

Bank

QPSC

25,429

120,335

213,380

Romania

–

0.1%

NEPI

Rockcastle

PLC

2,662

11,581

Russia

–

3.5%

Alrosa

PJSC

14,440

12,146

Gazprom

PJSC

69,320

178,107

LUKOIL

PJSC

2,417

157,753

MMC

Norilsk

Nickel

PJSC

345

95,538

Mobile

TeleSystems

PJSC

5,190

22,431

Novatek

PJSC

5,747

80,607

Novolipetsk

Steel

PJSC

6,510

11,298

Polyus

PJSC

161

26,366

Rosneft

Oil

Co.

PJSC

6,670

30,275

Sberbank

of

Russia

PJSC

61,680

164,524

Severstal

PJSC

1,109

13,341

Surgutneftegas

PJSC

51,500

25,848

Tatneft

PJSC

9,236

68,694

VTB

Bank

PJSC

29,200,000

13,781

900,709

Saudi

Arabia

–

2.5%

Al

Rajhi

Bank

7,018

106,905

Alinma

Bank

b

5,685

24,163

Almarai

Co.

JSC

1,430

18,699

Banque

Saudi

Fransi

2,684

22,122

National

Commercial

Bank

7,724

76,417

Riyad

Bank

7,721

34,996

Samba

Financial

Group

5,606

34,756

Saudi

Arabian

Fertilizer

Co.

1,161

21,891

Saudi

Arabian

Mining

Co.

b

2,497

24,837

Saudi

Arabian

Oil

Co.

a

5,748

48,449

Saudi

Basic

Industries

Corp.

5,178

103,284

Saudi

Electricity

Co.

4,582

20,817

Saudi

Telecom

Co.

3,442

83,048

Yanbu

National

Petrochemical

Co.

1,595

19,115

639,499

South

Africa

–

3.6%

ABSA

Group

Ltd.

4,102

20,393

Anglo

American

Platinum

Ltd.

309

16,431

BNY

Mellon

Emerging

Markets

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

84.9%

(continued)

South

Africa

–

3.6%

(continued)

AngloGold

Ashanti

Ltd.

2,368

59,919

Bid

Corp.

Ltd.

1,926

25,343

Bidvest

Group

Ltd.

(The)

1,946

15,953

Capitec

Bank

Holdings

Ltd.

378

18,566

Discovery

Ltd.

2,532

13,373

Firstrand

Ltd.

21,356

47,061

Gold

Fields

Ltd.

4,994

38,565

Impala

Platinum

Holdings

Ltd.

4,585

28,012

Kumba

Iron

Ore

Ltd.

310

5,954

MTN

Group

Ltd.

9,815

25,979

Naspers

Ltd.,

Class

N

2,513

396,669

Nedbank

Group

Ltd.

2,125

12,405

Old

Mutual

Ltd.

27,277

19,932

Remgro

Ltd.

3,108

23,185

Rmb

Holdings

Ltd.

4,573

13,197

Sanlam

Ltd.

10,945

35,329

Sasol

Ltd.

b

3,286

15,613

Shoprite

Holdings

Ltd.

2,678

15,622

Sibanye

Stillwater

Ltd.

b

12,229

25,144

Standard

Bank

Group

Ltd.

7,393

41,113

Vodacom

Group

Ltd.

4,121

27,650

941,408

South

Korea

–

12.0%

Amorepacific

Corp.

163

23,678

Amorepacific

Group

150

7,153

Celltrion

Healthcare

Co.

Ltd.

b

466

32,356

Celltrion,

Inc.

b

618

106,766

Coway

Co.

Ltd.

292

14,714

GS

Holdings

Corp.

288

9,112

Hana

Financial

Group,

Inc.

1,726

39,097

Hanon

Systems

925

6,931

Hlb,

Inc.

b

229

18,043

Hyundai

Engineering

&

Construction

Co.

Ltd.

411

11,823

Hyundai

Glovis

Co.

Ltd.

125

10,413

Hyundai

Heavy

Industries

Holdings

Co.

Ltd.

54

10,769

Hyundai

Mobis

Co.

Ltd.

388

54,771

Hyundai

Motor

Co.

797

61,225

Hyundai

Steel

Co.

490

8,686

Industrial

Bank

of

Korea

1,577

10,225

Kakao

Corp.

301

45,454

Kangwon

Land,

Inc.

591

12,150

KB

Financial

Group,

Inc.

2,256

64,341

KIA

Motors

Corp.

1,533

37,304

Korea

Electric

Power

Corp.

b

1,483

29,028

Korea

Shipbuilding

&

Offshore

Engineering

Co.

Ltd.

b

251

17,036

Korea

Zinc

Co.

Ltd.

73

23,126

KT&G

Corp.

722

48,056

LG

Chem

Ltd.

271

83,739

LG

Corp.

763

38,825

LG

Display

Co.

Ltd.

b

1,312

11,898

LG

Electronics,

Inc.

608

27,395

LG

Household

&

Health

Care

Ltd.

49

55,738

LG

Uplus

Corp.

1,232

13,498

Lotte

Chemical

Corp.

92

16,272

Mirae

Asset

Daewoo

Co.

Ltd.

2,156

9,927

Naver

Corp.

832

134,860

Ncsoft

Corp.

92

48,550

Netmarble

Corp.

a,b

231

18,105

POSCO

405

61,326

Samsung

Biologics

Co.

Ltd.

a,b

95

45,299

32

STATEMENT

OF

INVESTMENTS

(continued)

BNY

Mellon

Emerging

Markets

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

84.9%

(continued)

South

Korea

–

12.0%

(continued)

Samsung

C&T

Corp.

534

46,456

Samsung

Electro-Mechanics

Co.

Ltd.

311

28,970

Samsung

Electronics

Co.

Ltd.

29,457

1,208,790

Samsung

Fire

&

Marine

Insurance

Co.

Ltd.

184

28,768

Samsung

Heavy

Industries

Co.

Ltd.

b

2,737

9,625

Samsung

Life

Insurance

Co.

Ltd.

508

20,471

Samsung

SDI

Co.

Ltd.

316

74,173

Samsung

SDS

Co.

Ltd.

228

30,408

Shinhan

Financial

Group

Co.

Ltd.

2,704

67,797

SK

Holdings

Co.

Ltd.

218

32,563

SK

Hynix,

Inc.

3,097

212,745

SK

Innovation

Co.

Ltd.

310

25,010

SK

Telecom

Co.

Ltd.

190

32,980

S-Oil

Corp.

208

11,950

Woori

Financial

Group,

Inc.

2,864

19,838

3,118,233

Taiwan

–

12.8%

Advantech

Co.

Ltd.

2,000

19,101

ASE

Technology

Holding

Co.

Ltd.

18,000

40,617

Asia

Cement

Corp.

14,000

20,668

Asustek

Computer,

Inc.

4,000

27,239

Catcher

Technology

Co.

Ltd.

4,000

30,669

Cathay

Financial

Holding

Co.

Ltd.

48,000

64,406

Chailease

Holding

Co.

Ltd.

7,000

26,953

Chang

HWA

Commercial

Bank

Ltd.

34,000

22,410

Cheng

Shin

Rubber

Industry

Co.

Ltd.

12,000

13,942

China

Development

Financial

Holding

Corp.

79,000

24,069

China

Life

Insurance

Co.

Ltd.

b

19,000

13,098

China

Steel

Corp.

71,000

47,753

Chunghwa

Telecom

Co.

Ltd.

22,000

81,012

CTBC

Financial

Holding

Co.

Ltd.

110,000

73,983

Delta

Electronics,

Inc.

11,000

51,788

E.Sun

Financial

Holding

Co.

Ltd.

66,000

60,592

Eclat

Textile

Co.

Ltd.

1,000

10,089

Far

Eastern

New

Century

Corp.

21,000

18,361

Far

Eastone

Telecommunications

Co.

Ltd.

9,000

20,096

Feng

Tay

Enterprise

Co.

Ltd.

2,000

11,501

First

Financial

Holding

Co.

Ltd.

56,000

41,525

Formosa

Chemicals

&

Fibre

Corp.

23,000

58,706

Formosa

Petrochemical

Corp.

10,000

30,165

Formosa

Plastics

Corp.

25,000

73,899

Fubon

Financial

Holding

Co.

Ltd.

42,000

59,745

Globalwafers

Co.

Ltd.

1,000

12,947

HON

HAI

Precision

Industry

Co.

Ltd.

72,000

186,438

Hotai

Motor

Co.

Ltd.

2,000

37,462

Hua

Nan

Financial

Holdings

Co.

Ltd.

51,000

33,358

Largan

Precision

Co.

Ltd.

1,000

138,214

Lite-On

Technology

Corp.

12,000

18,765

Mediatek,

Inc.

8,000

111,647

Mega

Financial

Holding

Co.

Ltd.

61,000

61,746

Nan

Ya

Plastics

Corp.

32,000

71,239

Nanya

Technology

Corp.

6,000

13,115

Novatek

Microelectronics

Corp.

3,000

18,815

Pegatron

Corp.

12,000

26,674

Pou

Chen

Corp.

14,000

13,277

President

Chain

Store

Corp.

3,000

31,073

Quanta

Computer,

Inc.

16,000

34,920

Realtek

Semiconductor

Corp.

3,000

25,978

Shanghai

Commercial

&

Savings

Bank

Ltd.

(The)

25,000

37,118

Shin

Kong

Financial

Holding

Co.

Ltd.

67,000

19,242

Sinopac

Financial

Holdings

Co.

Ltd.

59,000

24,206

BNY

Mellon

Emerging

Markets

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

84.9%

(continued)

Taiwan

–

12.8%

(continued)

Taishin

Financial

Holding

Co.

Ltd.

59,000

25,297

Taiwan

Cement

Corp.

27,000

39,224

Taiwan

Cooperative

Financial

Holding

Co.

Ltd.

52,000

35,149

Taiwan

High

Speed

Rail

Corp.

12,000

13,761

Taiwan

Mobile

Co.

Ltd.

9,000

32,536

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

109,000

1,116,154

Uni-President

Enterprises

Corp.

29,000

67,779

United

Microelectronics

Corp.

59,000

30,853

Vanguard

International

Semiconductor

Corp.

4,000

9,403

Win

Semiconductors

Corp.

2,000

18,092

Yageo

Corp.

2,000

26,298

Yuanta

Financial

Holding

Co.

Ltd.

66,000

37,953

Zhen

Ding

Technology

Holding

Ltd.

3,000

10,896

3,322,016

Thailand

–

2.0%

Advanced

INFO

Service

PCL,

NVDR

6,200

37,942

Airports

of

Thailand

PCL,

NVDR

24,600

47,330

Asset

World

Corp.

PCL,

NVDR

47,900

8,142

Bangkok

Bank

PCL,

NVDR

2,700

8,679

Bangkok

Dusit

Medical

Services

PCL,

NVDR

22,600

14,529

Bangkok

Expressway

&

Metro

PCL,

NVDR

43,400

12,676

Bank

of

Ayudhya

PCL,

NVDR

10,100

6,743

Berli

Jucker

PCL,

NVDR

7,500

9,330

BTS

Group

Holdings

PCL,

NVDR

33,500

11,907

Central

Pattana

PCL,

NVDR

b

7,600

11,510

Charoen

Pokphand

Foods

PCL,

NVDR

20,000

16,690

CP

ALL

PCL,

NVDR

25,500

55,957

Electricity

Generating

PCL,

NVDR

1,400

12,375

Energy

Absolute

PCL,

NVDR

9,800

12,191

Global

Power

Synergy

PCL,

NVDR

4,000

8,716

Gulf

Energy

Development

PCL,

NVDR

25,600

30,660

Home

Product

Center

PCL,

NVDR

22,700

9,542

Indorama

Ventures

PCL,

NVDR

12,300

10,929

Intouch

Holdings

PCL,

NVDR

8,700

14,386

Kasikornbank

PCL,

NVDR

6,700

17,860

Krung

Thai

Bank

PCL,

NVDR

20,500

6,970

Minor

International

PCL,

NVDR

13,000

8,478

PTT

Exploration

&

Production

PCL,

NVDR

8,000

20,893

PTT

Global

Chemical

PCL,

NVDR

9,600

11,201

PTT

PCL,

NVDR

49,200

53,982

Siam

Cement

PCL

(The),

NVDR

1,800

19,249

Siam

Commercial

Bank

PCL

(The),

NVDR

9,000

19,054

True

Corp.

PCL,

NVDR

59,500

6,142

504,063

Turkey

–

0.5%

Akbank

T.A.S.

b

17,732

14,943

Aselsan

Elektronik

Sanayi

ve

Ticaret

AS

1,690

6,562

BIM

Birlesik

Magazalar

AS

2,602

20,605

Enka

Insaat

ve

Sanayi

AS

8,662

7,498

Eregli

Demir

ve

Celik

Fabrikalari

TAS

7,737

8,955

Ford

Otomotiv

Sanayi

AS

416

3,767

KOC

Holding

AS

6,287

13,798

Tupras

Turkiye

Petrol

Rafinerileri

AS

b

709

9,211

Turk

Telekomunikasyon

AS

b

2,444

2,581

Turkcell

Iletisim

Hizmetleri

AS

6,212

12,398

Turkiye

Garanti

Bankasi

AS

b

12,064

14,395

Turkiye

Is

Bankasi

AS,

Class

C

b

8,577

6,074

Yapi

ve

Kredi

Bankasi

AS

b

8,377

2,517

123,304

United

Arab

Emirates

–

0.8%

Abu

Dhabi

Commercial

Bank

PJSC

15,982

19,319

33

BNY

Mellon

Emerging

Markets

Equity

ETF

(continued)

Description

Shares

Value

($)

Common

Stocks

–

84.9%

(continued)

United

Arab

Emirates

–

0.8%

(continued)

DP

World

PLC

962

15,382

Dubai

Islamic

Bank

PJSC

10,502

10,493

Emaar

Properties

PJSC

b

20,152

14,978

Emirates

NBD

Bank

PJSC

7,275

17,033

Emirates

Telecommunications

Group

Co.

PJSC

10,031

42,330

First

Abu

Dhabi

Bank

PJSC

25,019

79,012

198,547

United

States

–

0.1%

JBS

SA

5,600

24,569

Total

Common

Stocks

(cost

$21,243,001)

22,011,052

Preferred

Stocks

–

2.5%

Brazil

–

1.4%

Banco

Bradesco

SA,

7.89%

25,400

90,136

Centrais

Eletricas

Brasileiras

SA,

Class

B,

5.59%

1,400

7,141

Itau

Unibanco

Holding

SA,

7.07%

27,900

118,181

Itausa

-

Investimentos

Itau

SA,

4.74%

25,500

42,443

Petroleo

Brasileiro

SA,

3.16%

25,600

85,407

Telefonica

Brasil

SA,

5.98%

2,400

20,416

363,724

Chile

–

0.0%

Sociedad

Quimica

y

Minera

de

Chile

SA,

Class

B,

3.64%

640

15,197

Colombia

–

0.1%

Bancolombia

SA,

5.46%

2,598

17,259

Grupo

Aval

Acciones

y

Valores

SA,

6.58%

23,331

5,030

22,289

Russia

–

0.2%

Sberbank

of

Russia

PJSC,

7.98%

5,950

14,258

Surgutneftegas

PJSC,

22.33%

44,100

21,672

Tatneft

PJSC,

Series

3,

17.34%

835

5,805

41,735

South

Korea

–

0.8%

Amorepacific

Corp.,

1.58%

45

2,312

Amorepacific

Group,

1.43%

140

2,528

Hyundai

Motor

Co.,

5.80%

206

9,907

Hyundai

Motor

Co.,

6.64%

50

2,339

Hyundai

Motor

Co.,

6.33%

146

6,818

LG

Chem

Ltd.,

1.04%

45

6,371

LG

Electronics,

Inc.,

3.18%

141

2,453

LG

Household

&

Health

Care

Ltd.,

1.51%

12

7,150

Samsung

Electro-Mechanics

Co.

Ltd.,

2.07%

57

2,391

Samsung

Electronics

Co.

Ltd.,

2.96%

4,737

164,256

Samsung

Fire

&

Marine

Insurance

Co.

Ltd.,

6.19%

22

2,356

SK

Innovation

Co.

Ltd.,

3.49%

41

2,426

S-Oil

Corp.,

0.53%

76

2,436

213,743

Total

Preferred

Stocks

(cost

$649,305)

656,688

Exchange-Traded

Funds

–

8.8%

United

States

–

8.8%

iShares

MSCI

India

ETF

(cost

$2,185,653)

84,185

2,277,204

BNY

Mellon

Emerging

Markets

Equity

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Short-Term

Investments

–

0.5%

U.S.

Treasury

Securities

–

0.5%

U.S.

Treasury

Bills,

0.16%,

2/25/2021

d,e

(cost

$120,839)

121,000

120,855

Shares

Investment

Companies

–

3.4%

Registered

Investment

Companies

–

3.4%

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares,

0.20%

f,g

(cost

$883,252)

883,252

883,252

Total

Investments

(cost

$25,082,050)

100.1%

25,949,051

Liabilities,

Less

Cash

and

Receivables

(0.1)%

(18,617)

Net

Assets

100.0%

25,930,434

ADR—American

Depositary

Receipt

CPO—Certificates

of

Ordinary

Participation

ETF—Exchange-Traded

Fund

NVDR—Non-Voting

Depositary

Receipt

34

STATEMENT

OF

INVESTMENTS

(continued)

a

Security

exempt

from

registration

pursuant

to

Rule

144A

under

the

Securities

Act

of

1933.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

At

April

30,

2020,

these

securities

were

valued

at

$485,454

or

1.87%

of

net

asset.

b

Non-income

producing

security.

c

Investment

in

a

real

estate

investment

trust.

d

Held

by

a

counterparty

for

open

exchange

traded

derivative

contracts.

e

Security

is

a

discount

security.

Income

is

recognized

through

the

accretion

of

discount.

f

Investment

in

affiliated

issuer.

The

investment

objective

of

this

investment

company

is

publicly

available

and

can

be

found

within

the

investment

company’s

prospectus.

Holdings

and

transactions

in

these

affiliated

companies

during

the

period

ended

April

30,

2020

are

as

follows:

g

The

rate

shown

is

the

1-day

SEC

standardized

yield

as

of

April

30,

2020.

See

Notes

to

Financial

Statements

Description

Value

4/24/20

Purchases

($)

Sales

($)

Net

Realized

Gain

(Loss)

($)

Net

Change

in

Unrealized

Appreciation

(Depreciation)

($)

Value

4/30/20

Net

Assets

(%)

Dividends/

Distributions

($)

Investment

Companies

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares

—

3,410,934

(2,527,682)

—

—

883,252

3.4

5

Investment

of

Cash

Collateral

for

Securities

Loaned

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares

—

2,173,420

(2,173,420)

—

—

—

—

—

Total

—

5,584,354

(4,701,102)

—

—

883,252

3.4

5

Portfolio

Summary

(Unaudited)

†

Value

(%)

Financials

19.7

Consumer

Discretionary

15.0

Information

Technology

15.1

Communication

Services

13.6

Registered

Investment

Companies

12.2

Materials

5.8

Energy

5.0

Consumer

Staples

4.1

Industrials

2.9

Health

Care

2.2

Real

Estate

2.0

Utilities

2.0

U.S.

Treasury

Securities

0.5

100.1

†

Based

on

net

assets.

Futures

Description

Number

of

Contracts

Expiration

Notional

Value

($)

Market

Value

($)

Unrealized

Appreciation

(Depreciation)

($)

Futures

Long

MSCI

Emerging

Markets

Index

20

6/19/20

884,038

905,900

21,862

35

STATEMENT

OF

INVESTMENTS

April

30,

2020

(Unaudited)

BNY

Mellon

Core

Bond

ETF

Description

Principal

Amount

($)

Value

($)

Asset-Backed

Securities

–

0.4%

Ally

Auto

Receivables

Trust,

Series

2019-2,

Class

A3,

2.23%,

1/16/2024

25,000

25,273

Carmax

Auto

Owner

Trust,

Series

2018-4,

Class

A3,

3.36%,

9/15/2023

50,000

51,177

Discover

Card

Execution

Note

Trust,

Series

2019-A1,

Class

A1,

3.04%,

7/15/2024

30,000

31,032

Total

Asset-Backed

Securities

(cost

$107,216)

107,482

Commercial

Mortgage-Backed

Securities

–

1.1%

Bank

Trust,

Series

2019-BN18,

Class

A4,

3.58%,

5/15/2062

30,000

33,144

Barclays

Commercial

Mortgage

Trust,

Series

2019-C4,

Class

A5,

2.92%,

8/15/2052

25,000

26,165

COMM

Mortgage

Trust,

Series

2015-LC23,

Class

A4,

3.77%,

10/10/2048

50,000

53,716

CSAIL

Commercial

Mortgage

Trust,

Series

2018-

CX11,

Class

A4,

3.77%,

4/15/2051

50,000

54,429

GS

Mortgage

Securities

Trust,

Series

2017-GS8,

Class

A4,

3.47%,

11/10/2050

25,000

26,815

UBS

Commercial

Mortgage

Trust,

Series

2018-

C8,

Class

A3,

3.72%,

2/15/2051

30,000

32,606

Wells

Fargo

Commercial

Mortgage

Trust,

Series

2016-NXS5,

Class

A5,

3.37%,

1/15/2059

50,000

52,541

WFRBS

Commercial

Mortgage

Trust,

Series

2014-C24,

Class

A5,

3.61%,

11/15/2047

30,000

31,492

Total

Commercial

Mortgage-Backed

Securities

(cost

$311,655)

310,908

Corporate

Bonds

–

26.8%

Basic

Materials

–

0.6%

Dow

Chemical

Co.

(The),

4.38%,

11/15/2042

20,000

21,330

DuPont

de

Nemours,

Inc.,

4.49%,

11/15/2025

15,000

16,495

International

Paper

Co.,

3.00%,

2/15/2027

15,000

15,709

LyondellBasell

Industries

NV,

4.63%,

2/26/2055

10,000

10,579

Mosaic

Co.

(The),

4.25%,

11/15/2023

25,000

25,490

Newmont

Corp.,

4.88%,

3/15/2042

15,000

18,566

Nutrien

Ltd.,

4.20%,

4/01/2029

20,000

22,744

Southern

Copper

Corp.,

5.88%,

4/23/2045

20,000

22,458

Vale

Overseas

Ltd.,

6.88%,

11/10/2039

5,000

5,884

159,255

Communications

–

2.5%

Amazon.com,

Inc.

2.50%,

11/29/2022

25,000

26,083

4.05%,

8/22/2047

25,000

32,792

AT&T,

Inc.

3.60%,

2/17/2023

25,000

26,310

4.30%,

2/15/2030

25,000

28,157

5.35%,

9/01/2040

20,000

24,164

5.70%,

3/01/2057

25,000

32,814

Charter

Communications

Operating

LLC

/

Charter

Communications

Operating

Capital

4.50%,

2/01/2024

25,000

27,115

4.80%,

3/01/2050

10,000

11,320

3.70%,

4/01/2051

15,000

14,847

Cisco

Systems,

Inc.,

2.95%,

2/28/2026

25,000

27,600

Comcast

Corp.

4.15%,

10/15/2028

25,000

29,218

4.60%,

10/15/2038

25,000

31,486

4.95%,

10/15/2058

15,000

21,294

Deutsche

Telekom

International

Finance

BV,

8.75%,

6/15/2030

10,000

14,784

BNY

Mellon

Core

Bond

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

26.8%

(continued)

Communications

–

2.5%

(continued)

Discovery

Communications

LLC,

5.00%,

9/20/2037

20,000

21,989

Fox

Corp.

4.71%,

1/25/2029

10,000

11,629

3.50%,

4/08/2030

10,000

10,836

Rogers

Communications,

Inc.,

2.90%,

11/15/2026

25,000

26,900

Telefonica

Emisiones

SA,

7.05%,

6/20/2036

20,000

27,785

Time

Warner

Cable

LLC,

7.30%,

7/01/2038

10,000

13,317

T-Mobile

USA,

Inc.

3.75%,

4/15/2027

a

10,000

10,748

3.88%,

4/15/2030

a

10,000

10,966

4.50%,

4/15/2050

a

10,000

11,787

TWDC

Enterprises

18

Corp.,

4.13%,

6/01/2044

30,000

36,109

Verizon

Communications,

Inc.

3.13%,

3/16/2022

20,000

20,864

2.63%,

8/15/2026

20,000

21,246

5.25%,

3/16/2037

20,000

26,643

3.85%,

11/01/2042

20,000

23,548

ViacomCBS

,

Inc.,

4.38%,

3/15/2043

20,000

19,473

Vodafone

Group

PLC

4.38%,

5/30/2028

25,000

28,762

5.25%,

5/30/2048

10,000

12,651

683,237

Consumer,

Cyclical

–

1.7%

Continental

Airlines

Pass-Through

Trust,

Series

2012-1,

Class

A,

4.15%,

4/11/2024

16,387

15,162

D.R.

Horton,

Inc.,

5.75%,

8/15/2023

30,000

32,474

General

Motors

Co.,

6.60%,

4/01/2036

15,000

14,069

General

Motors

Financial

Co.,

Inc.

3.70%,

5/09/2023

20,000

19,175

4.35%,

1/17/2027

20,000

18,190

Hasbro,

Inc.,

2.60%,

11/19/2022

15,000

15,150

Home

Depot,

Inc.

(The),

3.50%,

9/15/2056

25,000

28,277

Lowe's

Cos.,

Inc.,

4.38%,

9/15/2045

15,000

17,374

McDonald's

Corp.

2.63%,

9/01/2029

20,000

20,873

4.88%,

12/09/2045

15,000

18,810

Nordstrom,

Inc.,

5.00%,

1/15/2044

10,000

6,989

Target

Corp.,

2.50%,

4/15/2026

75,000

81,050

Toyota

Motor

Credit

Corp.,

2.60%,

1/11/2022

75,000

76,555

Walgreens

Boots

Alliance,

Inc.,

4.50%,

11/18/2034

20,000

21,831

Walmart,

Inc.

3.40%,

6/26/2023

50,000

54,082

3.25%,

7/08/2029

15,000

17,130

3.95%,

6/28/2038

10,000

12,407

469,598

Consumer,

Non-cyclical

–

4.9%

Abbott

Laboratories

3.40%,

11/30/2023

20,000

21,722

4.90%,

11/30/2046

20,000

28,210

AbbVie,

Inc.

3.38%,

11/14/2021

25,000

25,801

3.20%,

11/21/2029

a

20,000

21,343

4.40%,

11/06/2042

30,000

35,198

Aetna,

Inc.,

2.75%,

11/15/2022

10,000

10,314

Altria

Group,

Inc.,

5.80%,

2/14/2039

15,000

17,927

36

STATEMENT

OF

INVESTMENTS

(continued)

BNY

Mellon

Core

Bond

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

26.8%

(continued)

Consumer,

Non-cyclical

–

4.9%

(continued)

Amgen,

Inc.

3.88%,

11/15/2021

12,429

12,853

4.56%,

6/15/2048

20,000

25,471

Anheuser-Busch

InBev

Worldwide,

Inc.

2.50%,

7/15/2022

25,000

25,746

3.50%,

6/01/2030

10,000

10,724

3.75%,

7/15/2042

20,000

20,363

5.80%,

1/23/2059

20,000

26,428

Anthem,

Inc.,

6.38%,

6/15/2037

25,000

34,086

BAT

Capital

Corp.,

4.39%,

8/15/2037

20,000

20,397

Becton,

Dickinson

&

Co.,

3.70%,

6/06/2027

10,000

10,880

Bristol-Myers

Squibb

Co.

2.60%,

5/16/2022

a

40,000

41,301

4.55%,

2/20/2048

a

15,000

20,172

Campbell

Soup

Co.

2.38%,

4/24/2030

15,000

15,292

3.13%,

4/24/2050

15,000

15,080

Cigna

Corp.,

4.13%,

11/15/2025

30,000

33,596

Coca-Cola

Co.

(The),

2.20%,

5/25/2022

50,000

51,540

Colgate-Palmolive

Co.,

3.70%,

8/01/2047

20,000

25,896

ConAgra

Brands,

Inc.,

5.30%,

11/01/2038

20,000

24,976

Constellation

Brands,

Inc.,

3.75%,

5/01/2050

15,000

15,285

CVS

Health

Corp.

3.75%,

4/01/2030

15,000

16,652

5.05%,

3/25/2048

40,000

50,732

Eli

Lilly

&

Co.,

3.95%,

3/15/2049

15,000

19,097

Equifax,

Inc.,

2.60%,

12/15/2025

15,000

15,263

General

Mills,

Inc.

4.20%,

4/17/2028

25,000

29,019

2.88%,

4/15/2030

10,000

10,727

Gilead

Sciences,

Inc.

3.50%,

2/01/2025

50,000

55,078

2.95%,

3/01/2027

25,000

27,270

GlaxoSmithKline

Capital,

Inc.,

6.38%,

5/15/2038

20,000

31,164

HCA,

Inc.,

5.25%,

6/15/2049

5,000

5,972

Humana,

Inc.,

3.85%,

10/01/2024

30,000

32,298

Johnson

&

Johnson,

2.63%,

1/15/2025

25,000

27,075

Keurig

Dr

Pepper,

Inc.

4.06%,

5/25/2023

15,000

16,080

4.60%,

5/25/2028

20,000

23,140

3.80%,

5/01/2050

10,000

10,751

Massachusetts

Institute

of

Technology,

3.96%,

7/01/2038

25,000

31,813

McCormick

&

Co.,

Inc.,

3.15%,

8/15/2024

10,000

10,633

Merck

&

Co.,

Inc.,

3.90%,

3/07/2039

10,000

12,285

Molson

Coors

Beverage

Co.,

2.10%,

7/15/2021

20,000

19,934

Mondelez

International,

Inc.,

2.13%,

4/13/2023

15,000

15,350

Novartis

Capital

Corp.,

4.40%,

5/06/2044

20,000

26,792

PepsiCo,

Inc.,

2.88%,

10/15/2049

20,000

21,450

Pfizer,

Inc.,

4.00%,

12/15/2036

20,000

24,325

Philip

Morris

International,

Inc.,

4.25%,

11/10/2044

15,000

17,403

Procter

&

Gamble

Co.

(The),

3.00%,

3/25/2030

20,000

22,717

Shire

Acquisitions

Investments

Ireland

DAC

2.40%,

9/23/2021

15,000

15,226

3.20%,

9/23/2026

15,000

16,278

SYSCO

Corp.,

3.30%,

2/15/2050

20,000

16,847

Thermo

Fisher

Scientific,

Inc.,

4.15%,

2/01/2024

10,000

11,035

BNY

Mellon

Core

Bond

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

26.8%

(continued)

Consumer,

Non-cyclical

–

4.9%

(continued)

Trustees

of

The

University

of

Pennsylvania

(The),

3.61%,

2/15/2119

10,000

11,752

UnitedHealth

Group,

Inc.

2.88%,

8/15/2029

25,000

27,070

3.88%,

8/15/2059

15,000

18,294

Zimmer

Biomet

Holdings,

Inc.

3.70%,

3/19/2023

10,000

10,488

3.05%,

1/15/2026

15,000

15,051

Zoetis,

Inc.,

3.90%,

8/20/2028

40,000

46,094

1,351,756

Energy

–

2.2%

BP

Capital

Markets

America,

Inc.

3.59%,

4/14/2027

30,000

31,581

3.63%,

4/06/2030

10,000

10,834

BP

Capital

Markets

PLC,

3.51%,

3/17/2025

35,000

37,346

Canadian

Natural

Resources

Ltd.,

7.20%,

1/15/2032

15,000

15,582

Chevron

Corp.,

2.36%,

12/05/2022

25,000

25,804

ConocoPhillips

Co.,

4.95%,

3/15/2026

20,000

23,063

Ecopetrol

SA,

5.88%,

9/18/2023

40,000

40,816

Energy

Transfer

Operating

LP

3.75%,

5/15/2030

15,000

13,672

6.25%,

4/15/2049

20,000

19,667

Enterprise

Products

Operating

LLC,

4.45%,

2/15/2043

25,000

25,478

Equinor

ASA,

3.70%,

3/01/2024

15,000

16,215

Exxon

Mobil

Corp.,

2.73%,

3/01/2023

25,000

26,126

Halliburton

Co.,

3.50%,

8/01/2023

15,000

14,786

Kinder

Morgan

Energy

Partners

LP,

5.00%,

8/15/2042

25,000

27,107

Kinder

Morgan,

Inc.,

4.30%,

3/01/2028

25,000

26,572

Marathon

Petroleum

Corp.,

6.50%,

3/01/2041

10,000

10,529

MPLX

LP,

4.90%,

4/15/2058

10,000

8,425

Nexen

,

Inc.,

6.40%,

5/15/2037

10,000

13,911

ONEOK,

Inc.,

4.35%,

3/15/2029

25,000

22,151

Phillips

66,

3.90%,

3/15/2028

20,000

21,020

Plains

All

American

Pipeline

LP

/

PAA

Finance

Corp.,

3.85%,

10/15/2023

15,000

14,343

Shell

International

Finance

BV,

3.75%,

9/12/2046

35,000

38,374

Spectra

Energy

Partners

LP,

4.50%,

3/15/2045

20,000

19,729

Texas

Eastern

Transmission

LP,

7.00%,

7/15/2032

25,000

30,318

Total

Capital

International

SA,

2.43%,

1/10/2025

10,000

10,312

TransCanada

PipeLines

Ltd.,

4.88%,

1/15/2026

25,000

27,742

Valero

Energy

Corp.,

4.00%,

4/01/2029

20,000

20,522

Williams

Cos.,

Inc.

(The),

6.30%,

4/15/2040

20,000

23,094

615,119

Financial

–

8.4%

Air

Lease

Corp.,

3.00%,

2/01/2030

25,000

19,936

American

Express

Co.,

3.40%,

2/22/2024

50,000

53,013

American

International

Group,

Inc.,

4.50%,

7/16/2044

20,000

22,315

American

Tower

Corp.,

3.50%,

1/31/2023

50,000

52,833

37

BNY

Mellon

Core

Bond

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

26.8%

(continued)

Financial

–

8.4%

(continued)

Bank

of

America

Corp.

4.00%,

1/22/2025

20,000

21,598

3.37%,

1/23/2026

50,000

53,217

3.56%,

4/23/2027

15,000

16,178

Series

L,

4.18%,

11/25/2027

20,000

21,947

2.59%,

4/29/2031

15,000

15,434

4.08%,

4/23/2040

15,000

17,278

4.33%,

3/15/2050

30,000

37,337

Bank

of

Montreal,

4.34%,

10/05/2028

40,000

41,980

Bank

of

Nova

Scotia

(The)

2.70%,

3/07/2022

50,000

51,444

4.50%,

12/16/2025

20,000

21,881

Berkshire

Hathaway,

Inc.,

2.75%,

3/15/2023

25,000

26,475

Boston

Properties

LP,

4.50%,

12/01/2028

75,000

85,029

Brookfield

Finance

LLC,

3.45%,

4/15/2050

10,000

8,280

Canadian

Imperial

Bank

of

Commerce,

3.10%,

4/02/2024

50,000

52,106

Capital

One

Financial

Corp.,

3.90%,

1/29/2024

25,000

26,016

Chubb

INA

Holdings,

Inc.,

3.35%,

5/03/2026

15,000

16,527

Citigroup,

Inc.

4.05%,

7/30/2022

15,000

15,727

3.14%,

1/24/2023

20,000

20,499

3.11%,

4/08/2026

15,000

15,738

3.98%,

3/20/2030

20,000

22,020

4.41%,

3/31/2031

15,000

17,268

4.75%,

5/18/2046

15,000

18,245

4.65%,

7/23/2048

20,000

24,415

Crown

Castle

International

Corp.,

4.15%,

7/01/2050

15,000

17,707

ERP

Operating

LP,

3.00%,

7/01/2029

20,000

20,939

Fifth

Third

Bancorp,

3.65%,

1/25/2024

25,000

26,391

GLP

Capital

LP

/

GLP

Financing

II,

Inc.,

5.38%,

4/15/2026

30,000

29,887

Goldman

Sachs

Group,

Inc.

(The)

3.50%,

4/01/2025

15,000

15,995

4.25%,

10/21/2025

20,000

21,352

3.85%,

1/26/2027

75,000

81,111

6.75%,

10/01/2037

20,000

27,231

HSBC

Holdings

PLC,

4.88%,

1/14/2022

110,000

116,168

Intercontinental

Exchange,

Inc.,

3.75%,

12/01/2025

50,000

55,631

JPMorgan

Chase

&

Co.

4.50%,

1/24/2022

30,000

31,669

3.63%,

5/13/2024

20,000

21,595

2.08%,

4/22/2026

15,000

15,239

2.74%,

10/15/2030

35,000

36,267

4.49%,

3/24/2031

30,000

35,514

5.50%,

10/15/2040

25,000

34,088

Kreditanstalt

fuer

Wiederaufbau

3.13%,

12/15/2021

60,000

62,665

2.63%,

2/28/2024

50,000

54,097

Landwirtschaftliche

Rentenbank

2.25%,

10/01/2021

35,000

35,893

2.38%,

6/10/2025

40,000

43,570

Marsh

&

McLennan

Cos.,

Inc.,

4.75%,

3/15/2039

25,000

31,723

MetLife,

Inc.,

4.05%,

3/01/2045

15,000

17,532

Mitsubishi

UFJ

Financial

Group,

Inc.,

3.96%,

3/02/2028

25,000

28,337

BNY

Mellon

Core

Bond

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

26.8%

(continued)

Financial

–

8.4%

(continued)

Morgan

Stanley

4.00%,

7/23/2025

25,000

27,530

3.95%,

4/23/2027

25,000

26,681

4.43%,

1/23/2030

25,000

28,922

4.38%,

1/22/2047

25,000

30,949

Northern

Trust

Corp.,

3.15%,

5/03/2029

25,000

27,436

PNC

Financial

Services

Group,

Inc.

(The),

2.60%,

7/23/2026

30,000

31,401

Progressive

Corp.

(The),

4.00%,

3/01/2029

10,000

11,640

Prudential

Financial,

Inc.

5.88%,

9/15/2042

15,000

15,747

4.35%,

2/25/2050

15,000

17,235

Royal

Bank

of

Canada,

2.75%,

2/01/2022

25,000

25,728

Royal

Bank

of

Scotland

Group

PLC,

6.00%,

12/19/2023

25,000

27,207

Simon

Property

Group

LP,

4.75%,

3/15/2042

20,000

20,630

Sumitomo

Mitsui

Financial

Group,

Inc.,

2.85%,

1/11/2022

50,000

50,954

Toronto-Dominion

Bank

(The),

3.25%,

3/11/2024

25,000

26,532

Travelers

Property

Casualty

Corp.,

6.38%,

3/15/2033

15,000

21,780

Truist

Financial

Corp.,

3.75%,

12/06/2023

50,000

53,701

Ventas

Realty

LP,

3.00%,

1/15/2030

15,000

13,737

Visa,

Inc.,

3.15%,

12/14/2025

25,000

27,634

Wells

Fargo

&

Co.

Series

M,

3.45%,

2/13/2023

20,000

20,821

3.55%,

9/29/2025

25,000

26,982

2.19%,

4/30/2026

15,000

15,137

4.15%,

1/24/2029

20,000

22,623

3.07%,

4/30/2041

15,000

15,021

4.75%,

12/07/2046

20,000

23,630

Westpac

Banking

Corp.,

2.10%,

5/13/2021

50,000

50,553

2,315,548

Industrial

–

2.1%

3M

Co.,

2.88%,

10/15/2027

75,000

82,237

Amphenol

Corp.,

2.80%,

2/15/2030

20,000

20,172

Burlington

Northern

Santa

Fe

LLC

7.00%,

12/15/2025

40,000

50,440

4.90%,

4/01/2044

15,000

19,585

Caterpillar

Financial

Services

Corp.,

3.15%,

9/07/2021

25,000

25,719

CSX

Corp.,

3.35%,

11/01/2025

25,000

27,500

Deere

&

Co.,

3.90%,

6/09/2042

25,000

30,433

FedEx

Corp.,

4.75%,

11/15/2045

15,000

16,243

GATX

Corp.,

4.70%,

4/01/2029

30,000

33,149

General

Electric

Co.,

3.38%,

3/11/2024

25,000

25,860

Norfolk

Southern

Corp.,

3.00%,

4/01/2022

15,000

15,492

Northrop

Grumman

Corp.,

5.05%,

11/15/2040

20,000

26,237

Parker-Hannifin

Corp.,

3.25%,

6/14/2029

50,000

53,099

Raytheon

Technologies

Corp.,

4.63%,

11/16/2048

25,000

33,530

Union

Pacific

Corp.,

4.10%,

9/15/2067

25,000

28,398

United

Parcel

Service,

Inc.

3.05%,

11/15/2027

25,000

27,281

5.30%,

4/01/2050

20,000

28,793

Waste

Management,

Inc.

2.40%,

5/15/2023

10,000

10,373

4.15%,

7/15/2049

15,000

18,871

38

STATEMENT

OF

INVESTMENTS

(continued)

BNY

Mellon

Core

Bond

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

26.8%

(continued)

Industrial

–

2.1%

(continued)

573,412

Technology

–

2.3%

Analog

Devices,

Inc.,

2.95%,

4/01/2025

10,000

10,467

Apple,

Inc.

2.15%,

2/09/2022

25,000

25,649

3.25%,

2/23/2026

50,000

55,554

4.65%,

2/23/2046

25,000

33,876

Applied

Materials,

Inc.,

5.10%,

10/01/2035

30,000

41,405

Broadcom

Corp.

/

Broadcom

Cayman

Finance

Ltd.

3.00%,

1/15/2022

30,000

30,565

2.65%,

1/15/2023

30,000

30,562

Broadcom,

Inc.,

4.70%,

4/15/2025

a

10,000

11,040

Dell

International

LLC

/

EMC

Corp.,

4.90%,

10/01/2026

a

50,000

51,898

Hewlett

Packard

Enterprise

Co.,

3.50%,

10/05/2021

50,000

51,122

Intel

Corp.

3.15%,

5/11/2027

30,000

33,050

3.10%,

2/15/2060

20,000

21,373

International

Business

Machines

Corp.,

4.00%,

6/20/2042

25,000

29,418

Micron

Technology,

Inc.,

2.50%,

4/24/2023

15,000

15,283

Microsoft

Corp.

2.88%,

2/06/2024

30,000

32,272

4.25%,

2/06/2047

40,000

53,449

NVIDIA

Corp.,

3.50%,

4/01/2040

20,000

22,471

Oracle

Corp.

2.50%,

5/15/2022

25,000

25,719

2.65%,

7/15/2026

10,000

10,645

2.95%,

4/01/2030

10,000

10,902

4.00%,

11/15/2047

30,000

35,714

632,434

Utilities

–

2.1%

American

Water

Capital

Corp.,

3.75%,

9/01/2028

40,000

45,321

Commonwealth

Edison

Co.

4.00%,

3/01/2048

20,000

24,795

4.00%,

3/01/2049

20,000

24,884

Consolidated

Edison

Co.

of

New

York,

Inc.,

4.63%,

12/01/2054

15,000

19,287

Duke

Energy

Carolinas

LLC,

4.25%,

12/15/2041

30,000

37,341

Duke

Energy

Corp.,

3.75%,

9/01/2046

20,000

22,688

El

Paso

Electric

Co.,

6.00%,

5/15/2035

33,000

43,004

Hydro-Quebec,

Series

HH,

8.50%,

12/01/2029

25,000

40,971

ITC

Holdings

Corp.,

3.35%,

11/15/2027

100,000

106,800

MidAmerican

Energy

Co.,

4.25%,

7/15/2049

30,000

39,991

National

Rural

Utilities

Cooperative

Finance

Corp.,

4.30%,

3/15/2049

15,000

19,334

Ohio

Power

Co.,

Series

M,

5.38%,

10/01/2021

20,000

21,255

Public

Service

Co.

of

Colorado,

Series

34,

3.20%,

3/01/2050

20,000

22,676

Sempra

Energy,

3.80%,

2/01/2038

15,000

16,040

Southern

California

Edison

Co.

2.25%,

6/01/2030

25,000

24,632

4.50%,

9/01/2040

25,000

29,551

Virginia

Electric

&

Power

Co.,

Series

A,

3.80%,

4/01/2028

50,000

56,914

595,484

BNY

Mellon

Core

Bond

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Total

Corporate

Bonds

(cost

$7,408,316)

7,395,843

Foreign

Governmental

–

2.0%

Colombia

Government

International

Bond,

8.13%,

5/21/2024

50,000

57,748

Mexico

Government

International

Bond

8.30%,

8/15/2031

25,000

33,511

6.05%,

1/11/2040

40,000

43,579

Peruvian

Government

International

Bond,

8.75%,

11/21/2033

20,000

31,532

Philippine

Government

International

Bond,

9.50%,

2/02/2030

25,000

39,840

Province

of

Alberta

Canada

2.20%,

7/26/2022

25,000

25,809

3.30%,

3/15/2028

25,000

28,829

Province

of

British

Columbia

Canada,

Series

10,

1.75%,

9/27/2024

20,000

20,926

Province

of

Manitoba

Canada,

2.13%,

6/22/2026

25,000

26,713

Province

of

Ontario

Canada

3.20%,

5/16/2024

30,000

32,908

2.50%,

4/27/2026

25,000

27,231

Province

of

Quebec

Canada

2.38%,

1/31/2022

25,000

25,774

2.75%,

4/12/2027

25,000

27,782

Republic

of

Italy

Government

International

Bond,

6.88%,

9/27/2023

40,000

45,294

Svensk

Exportkredit

AB,

5/11/2037

b

30,000

20,250

Uruguay

Government

International

Bond

8.00%,

11/18/2022

30,000

32,648

4.98%,

4/20/2055

20,000

22,580

Total

Foreign

Governmental

(cost

$543,001)

542,954

Municipal

Securities

–

0.3%

New

Jersey

Turnpike

Authority,

RB,

7.10%,

1/01/2041

20,000

30,749

State

of

California,

GO,

7.60%,

11/01/2040

15,000

25,970

State

of

Illinois,

GO,

5.10%,

6/01/2033

20,000

18,027

Total

Municipal

Securities

(cost

$76,252)

74,746

Supranational

Bank

–

1.3%

Asian

Development

Bank,

2.75%,

1/19/2028

50,000

57,379

European

Investment

Bank,

1.88%,

2/10/2025

50,000

53,160

Inter-American

Development

Bank,

2.50%,

1/18/2023

75,000

79,197

International

Bank

for

Reconstruction

&

Development,

GDIF,

1.38%,

9/20/2021

175,000

177,412

Total

Supranational

Bank

(cost

$368,319)

367,148

U.S.

Government

Agencies

Mortgage-Backed

–

28.7%

Federal

Home

Loan

Banks,

2.50%,

2/13/2024

125,000

134,685

Federal

Home

Loan

Mortgage

Corporation

0.38%,

4/20/2023

c

30,000

30,008

1.50%,

2/12/2025

c

30,000

31,343

2.50%,

9/01/2027

c

35,130

36,770

3.00%,

2/01/2031

c

65,184

68,961

2.50%,

11/01/2034

c

51,775

54,146

3.50%,

3/01/2035

c

19,091

20,312

3.00%,

4/01/2035

c

103,740

109,697

3.00%,

3/01/2040

c

148,830

157,197

4.00%,

11/01/2040

c

126,581

138,646

3.50%,

2/01/2043

c

126,584

136,629

3.00%,

4/01/2043

c

125,414

133,738

4.50%,

10/01/2045

c

136,468

150,149

3.00%,

1/01/2047

c

85,078

90,269

39

BNY

Mellon

Core

Bond

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

U.S.

Government

Agencies

Mortgage-Backed

–

28.7%

(continued)

Federal

Home

Loan

Mortgage

Corporation

(continued)

3.50%,

6/01/2048

c

221,155

233,526

3.00%,

9/01/2049

c

94,993

100,292

3.00%,

10/01/2049

c

95,897

101,246

Federal

Home

Loan

Mortgage

Corporation

Mutifamilty

Structured

Pass-Through

Ctfs

.

Series

2019-K736,

Class

A2,

2.28%,

7/25/2026

c

50,000

53,090

Series

2019-K087,

Class

A2,

3.77%,

12/25/2028

c

30,000

35,209

Federal

National

Mortgage

Association

2.25%,

4/12/2022

c

100,000

103,861

0.63%,

4/22/2025

c

30,000

30,023

2.00%,

10/01/2030

c

24,304

25,108

3.00%,

8/01/2031

c

44,532

47,112

3.50%,

11/01/2031

c

46,660

49,622

2.50%,

1/01/2032

c

143,276

150,034

3.50%,

4/01/2032

c

46,211

49,034

2.50%,

7/01/2033

c

56,600

59,270

4.00%,

4/01/2034

c

40,996

43,585

5.50%,

10/01/2035

c

27,381

31,565

4.50%,

6/01/2039

c

52,277

58,345

4.00%,

11/01/2039

c

49,337

52,928

6.00%,

4/01/2040

c

60,271

70,567

4.00%,

10/01/2040

c

173,971

190,553

4.50%,

2/01/2041

c

71,393

79,517

5.50%,

7/01/2041

c

30,434

35,075

5.00%,

4/01/2042

c

101,218

113,994

4.00%,

7/01/2042

c

47,697

52,122

2.50%,

10/01/2042

c

113,939

119,830

3.50%,

4/01/2045

c

30,581

32,738

4.00%,

1/01/2046

c

224,860

242,901

3.50%,

2/01/2046

c

101,670

108,543

4.50%,

6/01/2046

c

60,436

66,805

3.00%,

6/15/2046

c,d

125,000

131,805

3.00%,

9/01/2046

c

132,941

141,051

3.00%,

11/01/2046

c

94,256

100,007

3.00%,

11/01/2046

c

30,436

32,293

3.50%,

12/01/2046

c

138,209

147,552

3.50%,

4/01/2047

c

36,346

38,575

4.00%,

5/01/2047

c

104,152

111,320

3.50%,

12/01/2047

c

119,565

126,897

4.00%,

5/01/2049

c

236,839

251,882

3.50%,

6/01/2049

c,d

50,000

52,862

2.50%,

6/15/2049

c,d

50,000

52,006

3.50%,

8/01/2049

c

243,069

256,632

3.50%,

9/01/2049

c

233,676

246,715

3.00%,

10/01/2049

c

223,321

235,778

3.00%,

2/01/2050

c

198,287

209,347

3.00%,

2/01/2050

c

99,090

104,617

Federal

National

Mortgage

Association

REMICs

Series

2014-M3,

Class

A2,

3.50%,

1/25/2024

c

25,000

27,138

Series

2020-M1,

Class

A1,

2.15%,

7/25/2029

c

30,000

31,714

Series

2018-M13,

Class

A2,

3.82%,

9/25/2030

c

10,000

11,579

Government

National

Mortgage

Association

4.00%,

10/20/2040

47,652

52,544

5.00%,

10/20/2040

50,964

58,016

4.50%,

1/20/2041

29,535

32,909

4.00%,

11/20/2041

40,485

44,751

BNY

Mellon

Core

Bond

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

U.S.

Government

Agencies

Mortgage-Backed

–

28.7%

(continued)

Government

National

Mortgage

Association

(continued)

3.00%,

8/20/2042

115,621

124,408

3.50%,

2/20/2043

92,399

100,467

3.00%,

4/20/2043

152,057

163,549

3.50%,

7/20/2043

187,553

203,677

3.50%,

2/20/2045

95,679

103,231

3.50%,

3/20/2046

75,712

81,284

4.00%,

3/20/2046

91,936

99,582

4.00%,

6/20/2046

124,688

133,864

2.50%,

10/20/2046

26,776

28,458

3.00%,

5/20/2047

223,316

238,095

3.00%,

10/20/2047

39,418

42,027

4.50%,

11/20/2048

100,425

107,841

3.50%,

1/20/2049

199,476

213,140

3.00%,

6/15/2049

d

75,000

79,660

2.50%,

3/20/2050

42,904

45,313

Total

U.S.

Government

Agencies

Mortgage-

Backed

(cost

$7,949,682)

7,891,631

U.S.

Treasury

Government

Securities

–

38.4%

U.S.

Treasury

Bonds

6.25%,

5/15/2030

155,000

240,177

5.38%,

2/15/2031

15,000

22,425

4.50%,

2/15/2036

25,000

38,629

3.50%,

2/15/2039

5,000

7,170

4.25%,

5/15/2039

55,000

86,049

4.38%,

5/15/2040

65,000

103,726

3.88%,

8/15/2040

15,000

22,573

4.25%,

11/15/2040

60,000

94,716

3.75%,

8/15/2041

65,000

97,073

3.13%,

11/15/2041

5,000

6,865

3.13%,

2/15/2042

70,000

96,370

3.00%,

5/15/2042

10,000

13,525

2.75%,

8/15/2042

80,000

104,037

2.75%,

11/15/2042

100,000

130,156

3.13%,

8/15/2044

45,000

62,655

3.00%,

11/15/2044

75,000

102,645

2.50%,

2/15/2045

90,000

113,653

3.00%,

5/15/2045

75,000

103,066

2.75%,

8/15/2047

195,000

261,239

2.75%,

11/15/2047

65,000

87,262

3.00%,

2/15/2048

100,000

140,406

3.00%,

2/15/2049

90,000

127,477

2.88%,

5/15/2049

75,000

104,156

2.25%,

8/15/2049

75,000

92,777

2.38%,

11/15/2049

140,000

177,778

2.00%,

2/15/2050

35,000

41,289

U.S.

Treasury

Notes

1.63%,

6/30/2021

100,000

101,684

1.13%,

7/31/2021

100,000

101,172

1.75%,

7/31/2021

50,000

50,980

2.13%,

8/15/2021

200,000

204,961

1.13%,

8/31/2021

225,000

227,821

2.00%,

8/31/2021

200,000

204,844

1.25%,

10/31/2021

150,000

152,385

1.38%,

1/31/2022

150,000

153,059

1.50%,

1/31/2022

95,000

97,145

1.88%,

1/31/2022

175,000

180,093

1.75%,

2/28/2022

95,000

97,679

1.88%,

2/28/2022

100,000

103,055

1.75%,

3/31/2022

95,000

97,798

40

STATEMENT

OF

INVESTMENTS

(continued)

BNY

Mellon

Core

Bond

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

U.S.

Treasury

Government

Securities

–

38.4%

(continued)

U.S.

Treasury

Notes

(continued)

1.88%,

3/31/2022

100,000

103,191

0.13%,

4/30/2022

145,000

144,819

1.75%,

6/30/2022

100,000

103,320

1.75%,

7/15/2022

175,000

180,920

1.88%,

7/31/2022

100,000

103,734

1.50%,

8/15/2022

105,000

108,084

1.63%,

8/31/2022

100,000

103,273

1.50%,

9/15/2022

105,000

108,207

1.38%,

10/15/2022

180,000

185,077

1.63%,

11/15/2022

50,000

51,762

2.00%,

11/30/2022

25,000

26,137

1.50%,

1/15/2023

100,000

103,414

0.50%,

3/15/2023

185,000

186,388

1.50%,

3/31/2023

65,000

67,387

0.25%,

4/15/2023

195,000

195,076

1.63%,

4/30/2023

100,000

104,109

2.00%,

4/30/2024

400,000

426,750

2.00%,

5/31/2024

250,000

267,090

2.00%,

6/30/2024

200,000

213,859

2.13%,

7/31/2024

250,000

268,926

1.88%,

8/31/2024

250,000

266,602

2.13%,

9/30/2024

100,000

107,844

2.25%,

10/31/2024

200,000

217,047

2.25%,

11/15/2024

125,000

135,713

2.13%,

11/30/2024

150,000

162,141

1.75%,

12/31/2024

100,000

106,508

2.25%,

12/31/2024

125,000

136,006

1.38%,

1/31/2025

75,000

78,621

2.50%,

1/31/2025

100,000

110,141

2.00%,

2/15/2025

150,000

161,695

1.13%,

2/28/2025

e

85,000

88,214

0.50%,

3/31/2025

75,000

75,557

0.38%,

4/30/2025

45,000

45,067

2.13%,

5/15/2025

105,000

114,179

2.00%,

8/15/2025

25,000

27,096

2.25%,

11/15/2025

100,000

109,992

2.25%,

3/31/2026

150,000

165,727

0.50%,

4/30/2027

35,000

34,962

2.25%,

8/15/2027

225,000

252,809

2.75%,

2/15/2028

175,000

204,312

2.88%,

5/15/2028

225,000

265,781

2.63%,

2/15/2029

100,000

117,344

2.38%,

5/15/2029

145,000

167,543

1.75%,

11/15/2029

15,000

16,570

1.50%,

2/15/2030

100,000

108,281

Total

U.S.

Treasury

Government

Securities

(cost

$10,598,288)

10,577,845

Investment

Companies

–

0.5%

Shares

Registered

Investment

Companies

–

0.5%

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares,

0.20%

f,g

(cost

$134,623)

134,623

134,623

Total

Investments

(cost

$27,497,352)

99.5%

27,403,180

Cash

and

Receivables

(Net)

0.5%

138,598

Net

Assets

100.0%

27,541,778

GO—General

Obligation

RB—Revenue

Bond

REMICs—Real

Estate

Mortgage

Investment

Conduits

41

a

Security

exempt

from

registration

pursuant

to

Rule

144A

under

the

Securities

Act

of

1933.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

At

April

30,

2020,

these

securities

were

valued

at

$179,255

or

0.65%

of

net

asset.

b

Denotes

a

zero

coupon

security

issued

at

a

substantial

discount

from

its

value

at

maturity.

c

The

Federal

Housing

Finance

Agency

(“FHFA”)

placed

the

Federal

Home

Loan

Mortgage

Corporation

and

Federal

National

Mortgage

Association

into

conservatorship

with

FHFA

as

the

conservator.

As

such,

the

FHFA

oversees

the

continuing

affairs

of

these

companies

d

Purchased

on

a

forward

commitment

basis.

e

Security,

or

portion

thereof,

on

loan.

At

April

30,

2020,

the

value

of

the

fund’s

securities

on

loan

was

$88,214

and

the

value

of

the

collateral

was

$90,103,

consisting

of

U.S.

Government

&

Agency

securities.

f

Investment

in

affiliated

issuer.

The

investment

objective

of

this

investment

company

is

publicly

available

and

can

be

found

within

the

investment

company’s

prospectus.

Holdings

and

transactions

in

these

affiliated

companies

during

the

period

ended

April

30,

2020

are

as

follows:

g

The

rate

shown

is

the

1-day

SEC

standardized

yield

as

of

April

30,

2020.

See

Notes

to

Financial

Statements

Description

Value

4/24/20

Purchases

($)

Sales

($)

Net

Realized

Gain

(Loss)

($)

Net

Change

in

Unrealized

Appreciation

(Depreciation)

($)

Value

4/30/20

Net

Assets

(%)

Dividends/

Distributions

($)

Investment

Companies

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares

—

134,623

—

—

—

134,623

0.5

1

Investment

of

Cash

Collateral

for

Securities

Loaned

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares

—

77,063

(77,063)

—

—

—

—

—

Total

—

211,686

(77,063)

—

—

134,623

0.5

1

Portfolio

Summary

(Unaudited)

†

Value

(%)

Government

43.2

Mortgage

Securities

28.6

Financial

8.4

Consumer,

Non-cyclical

4.9

Communications

2.5

Technology

2.3

Energy

2.2

Utilities

2.1

Industrial

2.1

Consumer,

Cyclical

1.7

Basic

Materials

0.6

Registered

Investment

Companies

0.5

Asset

Backed

Securities

0.4

99.5

†

Based

on

net

assets.

42

STATEMENT

OF

INVESTMENTS

April

30,

2020

(Unaudited)

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

99.2%

Basic

Materials

–

1.4%

ArcelorMittal

SA,

3.60%,

7/16/2024

25,000

23,877

BHP

Billiton

Finance

USA

Ltd.,

2.88%,

2/24/2022

50,000

51,286

Dow

Chemical

Co.

(The),

3.50%,

10/01/2024

25,000

26,130

DuPont

de

Nemours,

Inc.,

4.21%,

11/15/2023

50,000

54,127

LYB

International

Finance

BV,

4.00%,

7/15/2023

50,000

52,264

Newmont

Corp.,

3.63%,

6/09/2021

50,000

50,742

Nutrien

Ltd.,

3.15%,

10/01/2022

65,000

66,745

Praxair,

Inc.,

3.00%,

9/01/2021

50,000

51,239

376,410

Communications

–

5.6%

Amazon.com,

Inc.,

2.80%,

8/22/2024

85,000

91,833

AT&T,

Inc.

3.20%,

3/01/2022

50,000

51,817

3.00%,

6/30/2022

50,000

51,473

3.60%,

2/17/2023

80,000

84,192

3.55%,

6/01/2024

50,000

52,945

3.95%,

1/15/2025

25,000

27,082

Booking

Holdings,

Inc.,

3.65%,

3/15/2025

50,000

51,759

Charter

Communications

Operating

LLC

/

Charter

Communications

Operating

Capital,

4.46%,

7/23/2022

50,000

52,679

Cisco

Systems,

Inc.

1.85%,

9/20/2021

50,000

50,833

2.20%,

9/20/2023

70,000

73,123

Comcast

Cable

Communications

Holdings,

Inc.,

9.46%,

11/15/2022

50,000

60,636

Comcast

Corp.

1.63%,

1/15/2022

70,000

71,129

3.00%,

2/01/2024

50,000

53,349

3.38%,

2/15/2025

50,000

54,538

Discovery

Communications

LLC,

2.95%,

3/20/2023

50,000

51,462

eBay,

Inc.

2.60%,

7/15/2022

75,000

76,886

3.45%,

8/01/2024

25,000

26,717

Rogers

Communications,

Inc.,

4.10%,

10/01/2023

50,000

54,976

TWDC

Enterprises

18

Corp.,

2.45%,

3/04/2022

65,000

66,741

Verizon

Communications,

Inc.

3.13%,

3/16/2022

50,000

52,161

5.15%,

9/15/2023

50,000

56,823

3.38%,

2/15/2025

75,000

82,097

ViacomCBS

,

Inc.,

3.70%,

8/15/2024

45,000

45,756

Vodafone

Group

PLC,

2.50%,

9/26/2022

95,000

97,733

Walt

Disney

Co.

(The),

1.65%,

9/01/2022

50,000

50,735

WPP

Finance

2010,

3.75%,

9/19/2024

50,000

52,052

1,541,527

Consumer,

Cyclical

–

6.1%

American

Honda

Finance

Corp.

2.20%,

6/27/2022

70,000

70,332

3.45%,

7/14/2023

30,000

31,171

2.15%,

9/10/2024

70,000

69,323

AutoZone,

Inc.,

3.13%,

7/15/2023

50,000

51,734

Costco

Wholesale

Corp.,

2.75%,

5/18/2024

70,000

75,251

D.R.

Horton,

Inc.,

2.50%,

10/15/2024

25,000

25,064

General

Motors

Co.,

4.88%,

10/02/2023

50,000

49,094

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

99.2%

(continued)

Consumer,

Cyclical

–

6.1%

(continued)

General

Motors

Financial

Co.,

Inc.

4.20%,

11/06/2021

100,000

98,650

3.55%,

7/08/2022

100,000

96,476

3.95%,

4/13/2024

25,000

23,700

4.00%,

1/15/2025

25,000

23,441

2.90%,

2/26/2025

50,000

45,343

Home

Depot,

Inc.

(The)

3.25%,

3/01/2022

50,000

52,447

2.63%,

6/01/2022

50,000

52,013

Las

Vegas

Sands

Corp.,

3.20%,

8/08/2024

50,000

48,591

Lowe's

Cos.,

Inc.

3.80%,

11/15/2021

50,000

51,728

3.13%,

9/15/2024

15,000

15,959

Marriott

International,

Inc.,

3.25%,

9/15/2022

65,000

63,391

McDonald's

Corp.,

2.63%,

1/15/2022

75,000

76,931

Nike,

Inc.,

2.40%,

3/27/2025

50,000

52,685

PACCAR

Financial

Corp.,

2.65%,

5/10/2022

50,000

51,353

Starbucks

Corp.,

3.10%,

3/01/2023

50,000

52,171

Target

Corp.,

2.90%,

1/15/2022

70,000

72,933

Toyota

Motor

Corp.,

3.18%,

7/20/2021

100,000

102,024

Toyota

Motor

Credit

Corp.

2.15%,

9/08/2022

70,000

71,210

2.90%,

4/17/2024

25,000

26,287

Walgreens

Boots

Alliance,

Inc.,

3.80%,

11/18/2024

50,000

53,225

Walmart,

Inc.

2.35%,

12/15/2022

75,000

78,305

2.85%,

7/08/2024

75,000

80,803

WW

Grainger,

Inc.,

1.85%,

2/15/2025

25,000

25,692

1,687,327

Consumer,

Non-cyclical

–

15.9%

Abbott

Laboratories,

2.95%,

3/15/2025

50,000

54,217

AbbVie,

Inc.

3.38%,

11/14/2021

75,000

77,404

2.30%,

11/21/2022

a

25,000

25,603

2.85%,

5/14/2023

70,000

73,045

2.60%,

11/21/2024

a

75,000

78,327

Aetna,

Inc.,

2.80%,

6/15/2023

50,000

51,871

Allergan

Funding

SCS

3.85%,

6/15/2024

50,000

53,338

3.80%,

3/15/2025

50,000

52,123

Allergan,

Inc.,

2.80%,

3/15/2023

25,000

25,390

Altria

Group,

Inc.

2.85%,

8/09/2022

35,000

35,986

2.95%,

5/02/2023

65,000

67,431

Amgen,

Inc.

2.70%,

5/01/2022

50,000

51,579

2.65%,

5/11/2022

50,000

51,395

Anheuser-Busch

InBev

Worldwide,

Inc.

2.50%,

7/15/2022

50,000

51,491

4.15%,

1/23/2025

50,000

55,621

Anthem,

Inc.

3.50%,

8/15/2024

50,000

53,763

2.38%,

1/15/2025

50,000

51,453

Archer-Daniels-Midland

Co.,

2.75%,

3/27/2025

25,000

26,569

BAT

Capital

Corp.,

3.22%,

8/15/2024

90,000

93,361

Becton,

Dickinson

&

Co.,

3.36%,

6/06/2024

75,000

79,911

43

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

99.2%

(continued)

Consumer,

Non-cyclical

–

15.9%

(continued)

Bristol-Myers

Squibb

Co.

2.60%,

5/16/2022

a

80,000

82,602

2.75%,

2/15/2023

a

25,000

26,115

2.90%,

7/26/2024

a

75,000

80,097

Campbell

Soup

Co.,

2.50%,

8/02/2022

50,000

51,051

Cardinal

Health,

Inc.,

3.08%,

6/15/2024

75,000

77,543

Cigna

Corp.

3.40%,

9/17/2021

50,000

51,436

3.75%,

7/15/2023

75,000

80,257

Coca-Cola

Co.

(The)

1.55%,

9/01/2021

50,000

50,580

3.20%,

11/01/2023

75,000

81,499

ConAgra

Brands,

Inc.,

3.80%,

10/22/2021

75,000

77,348

Constellation

Brands,

Inc.,

3.20%,

2/15/2023

65,000

67,725

CVS

Health

Corp.

3.70%,

3/09/2023

130,000

137,884

3.38%,

8/12/2024

50,000

53,305

4.10%,

3/25/2025

60,000

66,176

Diageo

Investment

Corp.,

2.88%,

5/11/2022

50,000

51,933

Estee

Lauder

Cos.,

Inc.

(The),

2.00%,

12/01/2024

25,000

25,792

General

Mills,

Inc.

3.15%,

12/15/2021

50,000

51,401

2.60%,

10/12/2022

25,000

25,843

Gilead

Sciences,

Inc.

1.95%,

3/01/2022

50,000

50,861

3.25%,

9/01/2022

50,000

52,424

GlaxoSmithKline

Capital

PLC,

3.00%,

6/01/2024

70,000

75,203

GlaxoSmithKline

Capital,

Inc.,

3.38%,

5/15/2023

50,000

53,520

HCA,

Inc.,

5.00%,

3/15/2024

80,000

86,822

Johnson

&

Johnson,

2.25%,

3/03/2022

75,000

77,242

Keurig

Dr

Pepper,

Inc.

4.06%,

5/25/2023

80,000

85,762

3.13%,

12/15/2023

50,000

52,378

Laboratory

Corp.

of

America

Holdings,

3.60%,

2/01/2025

50,000

54,158

McCormick

&

Co.,

Inc.,

2.70%,

8/15/2022

70,000

71,814

Medtronic,

Inc.

3.15%,

3/15/2022

50,000

52,236

3.50%,

3/15/2025

50,000

55,714

Merck

&

Co.,

Inc.

2.80%,

5/18/2023

75,000

79,604

2.90%,

3/07/2024

25,000

26,969

Molson

Coors

Beverage

Co.,

2.10%,

7/15/2021

75,000

74,751

Moody's

Corp.,

2.75%,

12/15/2021

65,000

66,326

Novartis

Capital

Corp.,

2.40%,

5/17/2022

75,000

77,425

PayPal

Holdings,

Inc.

2.20%,

9/26/2022

50,000

50,939

2.40%,

10/01/2024

50,000

51,970

PepsiCo,

Inc.

3.00%,

8/25/2021

50,000

51,475

2.75%,

3/05/2022

50,000

51,833

2.25%,

3/19/2025

50,000

52,918

Pfizer,

Inc.

1.95%,

6/03/2021

25,000

25,387

3.00%,

6/15/2023

65,000

69,737

2.95%,

3/15/2024

25,000

27,061

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

99.2%

(continued)

Consumer,

Non-cyclical

–

15.9%

(continued)

Philip

Morris

International,

Inc.

2.38%,

8/17/2022

25,000

25,717

2.88%,

5/01/2024

70,000

73,668

Procter

&

Gamble

Co.

(The)

1.70%,

11/03/2021

25,000

25,473

2.45%,

3/25/2025

25,000

26,785

Shire

Acquisitions

Investments

Ireland

DAC

2.40%,

9/23/2021

50,000

50,755

2.88%,

9/23/2023

75,000

78,146

SYSCO

Corp.,

3.55%,

3/15/2025

25,000

25,795

Thermo

Fisher

Scientific,

Inc.,

4.13%,

3/25/2025

50,000

56,428

Tyson

Foods,

Inc.,

2.25%,

8/23/2021

70,000

70,866

Unilever

Capital

Corp.,

2.60%,

5/05/2024

100,000

105,278

UnitedHealth

Group,

Inc.

2.88%,

12/15/2021

70,000

72,136

3.35%,

7/15/2022

60,000

63,341

4,397,382

Energy

–

6.9%

BP

Capital

Markets

America,

Inc.

3.25%,

5/06/2022

75,000

77,228

3.19%,

4/06/2025

25,000

26,305

BP

Capital

Markets

PLC

3.06%,

3/17/2022

75,000

76,999

3.51%,

3/17/2025

50,000

53,352

Canadian

Natural

Resources

Ltd.,

3.45%,

11/15/2021

50,000

49,989

Chevron

Corp.,

2.36%,

12/05/2022

85,000

87,734

Enbridge,

Inc.

2.90%,

7/15/2022

25,000

25,163

3.50%,

6/10/2024

50,000

51,196

Energy

Transfer

Operating

LP

4.25%,

3/15/2023

75,000

74,338

4.50%,

4/15/2024

75,000

74,446

Enterprise

Products

Operating

LLC

3.50%,

2/01/2022

70,000

71,737

4.05%,

2/15/2022

25,000

25,872

Exxon

Mobil

Corp.

2.40%,

3/06/2022

50,000

51,226

2.73%,

3/01/2023

50,000

52,251

2.99%,

3/19/2025

125,000

133,487

Kinder

Morgan

Energy

Partners

LP

3.95%,

9/01/2022

50,000

51,790

4.25%,

9/01/2024

50,000

52,933

Marathon

Oil

Corp.,

2.80%,

11/01/2022

50,000

47,017

Marathon

Petroleum

Corp.

4.75%,

12/15/2023

19,000

19,254

3.63%,

9/15/2024

50,000

48,122

MPLX

LP,

4.88%,

12/01/2024

50,000

49,673

National

Oilwell

Varco,

Inc.,

2.60%,

12/01/2022

25,000

23,499

Newfield

Exploration

Co.,

5.63%,

7/01/2024

70,000

49,139

ONEOK

Partners

LP,

3.38%,

10/01/2022

50,000

48,598

ONEOK,

Inc.,

2.75%,

9/01/2024

25,000

22,598

Phillips

66,

3.85%,

4/09/2025

50,000

52,574

Plains

All

American

Pipeline

LP

/

PAA

Finance

Corp.,

2.85%,

1/31/2023

25,000

23,403

44

STATEMENT

OF

INVESTMENTS

(continued)

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

99.2%

(continued)

Energy

–

6.9%

(continued)

Sabine

Pass

Liquefaction

LLC

6.25%,

3/15/2022

100,000

103,150

5.63%,

3/01/2025

17,000

17,860

Shell

International

Finance

BV

2.25%,

1/06/2023

50,000

50,851

2.00%,

11/07/2024

50,000

50,475

Total

Capital

International

SA

2.22%,

7/12/2021

50,000

50,448

2.70%,

1/25/2023

25,000

25,784

3.75%,

4/10/2024

70,000

75,442

Williams

Cos.,

Inc.

(The)

3.60%,

3/15/2022

50,000

50,627

3.35%,

8/15/2022

50,000

50,223

1,894,783

Financial

–

42.8%

AerCap

Ireland

Capital

DAC

/

AerCap

Global

Aviation

Trust,

4.45%,

12/16/2021

150,000

141,712

Aflac,

Inc.,

3.25%,

3/17/2025

50,000

53,685

Air

Lease

Corp.

2.63%,

7/01/2022

50,000

46,764

2.30%,

2/01/2025

50,000

43,607

Aircastle

Ltd.,

4.13%,

5/01/2024

50,000

43,827

Allstate

Corp.

(The),

Series

B,

5.75%,

8/15/2053

10,000

10,065

Ally

Financial,

Inc.,

4.13%,

2/13/2022

50,000

50,735

American

Express

Co.

3.70%,

11/05/2021

50,000

51,461

2.50%,

8/01/2022

100,000

102,217

3.40%,

2/22/2024

50,000

53,013

2.50%,

7/30/2024

100,000

102,961

American

International

Group,

Inc.,

4.88%,

6/01/2022

50,000

53,314

American

Tower

Corp.

3.50%,

1/31/2023

50,000

52,833

3.00%,

6/15/2023

50,000

52,270

2.40%,

3/15/2025

50,000

51,581

Ameriprise

Financial,

Inc.

3.70%,

10/15/2024

50,000

54,286

3.00%,

4/02/2025

50,000

52,899

Ares

Capital

Corp.,

3.50%,

2/10/2023

50,000

47,695

Bank

of

America

Corp.

2.50%,

10/21/2022

100,000

101,851

3.30%,

1/11/2023

60,000

62,846

3.12%,

1/20/2023

100,000

102,544

3.00%,

12/20/2023

50,000

51,710

4.13%,

1/22/2024

75,000

81,532

4.20%,

8/26/2024

100,000

108,290

3.46%,

3/15/2025

75,000

79,400

Series

L,

3.95%,

4/21/2025

50,000

53,840

2.02%,

2/13/2026

100,000

100,554

Bank

of

Montreal

1.90%,

8/27/2021

100,000

101,055

2.90%,

3/26/2022

50,000

51,476

Bank

of

Nova

Scotia

(The)

2.70%,

3/07/2022

50,000

51,444

3.40%,

2/11/2024

75,000

79,768

Barclays

PLC,

4.38%,

9/11/2024

200,000

206,206

Berkshire

Hathaway

Finance

Corp.,

3.00%,

5/15/2022

70,000

73,476

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

99.2%

(continued)

Financial

–

42.8%

(continued)

Berkshire

Hathaway,

Inc.,

3.75%,

8/15/2021

25,000

25,932

BlackRock,

Inc.,

3.50%,

3/18/2024

75,000

82,164

Boston

Properties

LP,

3.20%,

1/15/2025

75,000

78,817

Brixmor

Operating

Partnership

LP

3.25%,

9/15/2023

50,000

48,487

3.65%,

6/15/2024

55,000

54,681

Canadian

Imperial

Bank

of

Commerce,

2.55%,

6/16/2022

100,000

102,743

Capital

One

Financial

Corp.

4.75%,

7/15/2021

100,000

103,233

3.20%,

1/30/2023

50,000

50,998

3.90%,

1/29/2024

50,000

52,032

3.30%,

10/30/2024

50,000

50,975

Charles

Schwab

Corp.

(The),

2.65%,

1/25/2023

50,000

52,134

Chubb

INA

Holdings,

Inc.

3.35%,

5/15/2024

65,000

70,442

3.15%,

3/15/2025

50,000

54,338

Citigroup,

Inc.

2.35%,

8/02/2021

100,000

101,053

4.05%,

7/30/2022

125,000

131,059

2.88%,

7/24/2023

100,000

102,471

3.75%,

6/16/2024

50,000

53,526

4.00%,

8/05/2024

20,000

21,250

3.35%,

4/24/2025

100,000

105,089

3.30%,

4/27/2025

50,000

52,981

Cooperatieve

Rabobank

UA,

3.88%,

2/08/2022

95,000

99,121

Credit

Suisse

AG,

3.00%,

10/29/2021

250,000

255,380

Crown

Castle

International

Corp.

2.25%,

9/01/2021

70,000

70,683

3.20%,

9/01/2024

70,000

74,436

Deutsche

Bank

AG,

Series

D,

5.00%,

2/14/2022

150,000

152,529

Digital

Realty

Trust

LP,

3.63%,

10/01/2022

65,000

66,912

Discover

Financial

Services,

3.85%,

11/21/2022

100,000

102,303

Essex

Portfolio

LP

3.63%,

8/15/2022

25,000

25,614

3.25%,

5/01/2023

13,000

12,946

Fifth

Third

Bancorp,

3.65%,

1/25/2024

100,000

105,563

Franklin

Resources,

Inc.,

2.85%,

3/30/2025

75,000

78,824

Goldman

Sachs

Group,

Inc.

(The)

5.25%,

7/27/2021

50,000

52,197

5.75%,

1/24/2022

50,000

53,493

2.88%,

10/31/2022

100,000

101,615

2.91%,

7/24/2023

100,000

102,381

4.00%,

3/03/2024

40,000

43,000

3.85%,

7/08/2024

50,000

53,362

3.50%,

1/23/2025

50,000

52,885

3.27%,

9/29/2025

100,000

104,441

Healthpeak

Properties,

Inc.,

3.88%,

8/15/2024

65,000

67,278

HSBC

Holdings

PLC

4.88%,

1/14/2022

100,000

105,607

4.00%,

3/30/2022

150,000

156,540

HSBC

USA,

Inc.,

3.50%,

6/23/2024

100,000

106,804

Huntington

Bancshares,

Inc.,

2.63%,

8/06/2024

100,000

102,746

Jefferies

Financial

Group,

Inc.,

5.50%,

10/18/2023

65,000

68,279

45

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

99.2%

(continued)

Financial

–

42.8%

(continued)

JPMorgan

Chase

&

Co.

4.35%,

8/15/2021

150,000

155,897

3.20%,

1/25/2023

50,000

52,359

3.21%,

4/01/2023

100,000

103,151

3.56%,

4/23/2024

75,000

79,293

3.63%,

5/13/2024

75,000

80,981

3.88%,

9/10/2024

100,000

107,618

3.13%,

1/23/2025

50,000

52,930

3.22%,

3/01/2025

100,000

105,345

2.08%,

4/22/2026

50,000

50,797

Lincoln

National

Corp.,

3.35%,

3/09/2025

25,000

26,119

Lloyds

Banking

Group

PLC,

3.00%,

1/11/2022

200,000

203,554

Marsh

&

McLennan

Cos.,

Inc.,

2.75%,

1/30/2022

65,000

66,988

Mastercard

,

Inc.,

2.00%,

11/21/2021

70,000

71,302

MetLife,

Inc.,

Series

D,

4.37%,

9/15/2023

50,000

54,904

Mitsubishi

UFJ

Financial

Group,

Inc.

3.22%,

3/07/2022

50,000

51,401

2.67%,

7/25/2022

100,000

102,034

3.41%,

3/07/2024

100,000

105,102

Mizuho

Financial

Group,

Inc.,

2.95%,

2/28/2022

200,000

203,650

Morgan

Stanley

5.50%,

7/28/2021

15,000

15,731

4.88%,

11/01/2022

100,000

106,618

Series

F,

3.88%,

4/29/2024

100,000

107,754

3.70%,

10/23/2024

25,000

26,971

2.72%,

7/22/2025

100,000

103,251

2.19%,

4/28/2026

50,000

50,657

National

Australia

Bank

Ltd.,

1.88%,

7/12/2021

250,000

252,083

Owl

Rock

Capital

Corp.,

4.00%,

3/30/2025

50,000

45,567

PNC

Financial

Services

Group,

Inc.

(The)

3.25%,

9/03/2021

100,000

102,780

3.30%,

3/08/2022

100,000

103,565

2.85%,

11/09/2022

b

25,000

26,015

Progressive

Corp.

(The),

3.75%,

8/23/2021

50,000

51,582

ProLogis

LP,

4.25%,

8/15/2023

70,000

76,212

Prudential

Financial,

Inc.,

5.63%,

6/15/2043

50,000

51,603

Regions

Financial

Corp.,

3.80%,

8/14/2023

50,000

52,803

Royal

Bank

of

Canada

3.70%,

10/05/2023

50,000

53,597

2.25%,

11/01/2024

100,000

102,281

Royal

Bank

of

Scotland

Group

PLC

6.13%,

12/15/2022

50,000

53,469

6.10%,

6/10/2023

50,000

53,960

6.00%,

12/19/2023

100,000

108,829

Santander

Holdings

USA,

Inc.,

4.45%,

12/03/2021

100,000

102,494

Santander

UK

PLC,

4.00%,

3/13/2024

100,000

107,663

Service

Properties

Trust,

4.35%,

10/01/2024

50,000

41,951

Simon

Property

Group

LP,

2.63%,

6/15/2022

70,000

69,475

State

Street

Corp.

3.70%,

11/20/2023

100,000

110,878

3.78%,

12/03/2024

25,000

27,084

Stifel

Financial

Corp.,

4.25%,

7/18/2024

25,000

25,879

Sumitomo

Mitsui

Financial

Group,

Inc.

2.78%,

7/12/2022

100,000

102,149

2.35%,

1/15/2025

200,000

203,136

Toronto-Dominion

Bank

(The),

2.65%,

6/12/2024

100,000

104,022

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

99.2%

(continued)

Financial

–

42.8%

(continued)

Truist

Financial

Corp.

3.95%,

3/22/2022

50,000

51,966

2.75%,

4/01/2022

100,000

102,491

3.05%,

6/20/2022

100,000

103,305

2.85%,

10/26/2024

50,000

52,797

US

Bancorp

Series

V,

2.63%,

1/24/2022

100,000

102,976

3.38%,

2/05/2024

100,000

107,401

Ventas

Realty

LP,

3.50%,

4/15/2024

50,000

49,415

Ventas

Realty

LP

/

Ventas

Capital

Corp.,

3.25%,

8/15/2022

65,000

65,268

Visa,

Inc.,

2.80%,

12/14/2022

85,000

89,566

Voya

Financial,

Inc.,

3.13%,

7/15/2024

65,000

66,935

Wells

Fargo

&

Co.

2.10%,

7/26/2021

150,000

151,248

2.63%,

7/22/2022

50,000

51,191

3.07%,

1/24/2023

100,000

102,424

4.13%,

8/15/2023

100,000

106,531

3.30%,

9/09/2024

150,000

159,302

3.00%,

2/19/2025

25,000

26,244

Welltower

,

Inc.,

3.95%,

9/01/2023

50,000

51,474

Western

Union

Co.

(The),

2.85%,

1/10/2025

25,000

24,786

Westpac

Banking

Corp.

2.50%,

6/28/2022

100,000

102,657

2.00%,

1/13/2023

25,000

25,459

3.30%,

2/26/2024

50,000

53,263

Weyerhaeuser

Co.,

4.63%,

9/15/2023

65,000

69,707

11,810,151

Industrial

–

7.8%

3M

Co.

3.25%,

2/14/2024

70,000

75,814

2.00%,

2/14/2025

25,000

25,923

Arrow

Electronics,

Inc.,

3.25%,

9/08/2024

65,000

65,603

Boeing

Co.

(The),

2.13%,

3/01/2022

65,000

62,606

Burlington

Northern

Santa

Fe

LLC,

3.05%,

3/15/2022

70,000

72,303

Carrier

Global

Corp.,

2.24%,

2/15/2025

a

25,000

24,765

Caterpillar

Financial

Services

Corp.

1.93%,

10/01/2021

100,000

101,213

1.90%,

9/06/2022

70,000

71,304

3.75%,

11/24/2023

50,000

54,643

FedEx

Corp.,

3.40%,

1/14/2022

50,000

51,524

General

Dynamics

Corp.

3.88%,

7/15/2021

15,000

15,410

2.25%,

11/15/2022

25,000

25,767

2.38%,

11/15/2024

25,000

26,268

General

Electric

Co.

3.38%,

3/11/2024

50,000

51,719

3.45%,

5/15/2024

50,000

51,345

Honeywell

International,

Inc.,

2.15%,

8/08/2022

70,000

72,034

John

Deere

Capital

Corp.

1.95%,

6/13/2022

65,000

66,100

2.15%,

9/08/2022

70,000

71,924

2.80%,

3/06/2023

50,000

52,401

2.65%,

6/24/2024

65,000

68,486

Norfolk

Southern

Corp.,

3.00%,

4/01/2022

50,000

51,641

46

STATEMENT

OF

INVESTMENTS

(continued)

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

99.2%

(continued)

Industrial

–

7.8%

(continued)

Northrop

Grumman

Corp.

2.55%,

10/15/2022

50,000

51,718

2.93%,

1/15/2025

75,000

79,684

Otis

Worldwide

Corp.,

2.06%,

4/05/2025

a

25,000

25,470

Packaging

Corp.

of

America

4.50%,

11/01/2023

25,000

27,284

3.65%,

9/15/2024

30,000

31,753

Raytheon

Technologies

Corp.,

3.65%,

8/16/2023

50,000

53,887

Republic

Services,

Inc.,

2.50%,

8/15/2024

70,000

72,894

Rockwell

Collins,

Inc.,

2.80%,

3/15/2022

75,000

76,828

Roper

Technologies,

Inc.,

2.35%,

9/15/2024

70,000

70,877

Ryder

System,

Inc.

2.80%,

3/01/2022

65,000

64,792

2.50%,

9/01/2024

50,000

48,912

Stanley

Black

&

Decker,

Inc.

2.90%,

11/01/2022

70,000

72,633

4.00%,

3/15/2060

25,000

24,811

Union

Pacific

Corp.

2.95%,

3/01/2022

50,000

51,829

3.15%,

3/01/2024

50,000

53,551

United

Parcel

Service,

Inc.,

2.50%,

4/01/2023

50,000

52,170

Waste

Management,

Inc.,

2.90%,

9/15/2022

65,000

67,467

WRKCo

,

Inc.,

3.00%,

9/15/2024

65,000

65,597

2,150,950

Technology

–

8.0%

Adobe,

Inc.,

1.70%,

2/01/2023

50,000

51,331

Analog

Devices,

Inc.,

2.50%,

12/05/2021

65,000

65,609

Apple,

Inc.

2.50%,

2/09/2022

75,000

77,350

2.30%,

5/11/2022

75,000

77,476

1.70%,

9/11/2022

50,000

51,294

2.10%,

9/12/2022

50,000

51,672

1.80%,

9/11/2024

100,000

103,679

2.50%,

2/09/2025

50,000

53,441

Broadcom

Corp.

/

Broadcom

Cayman

Finance

Ltd.

3.00%,

1/15/2022

100,000

101,882

3.63%,

1/15/2024

50,000

52,263

Broadcom,

Inc.,

3.63%,

10/15/2024

a

50,000

52,679

Dell

International

LLC

/

EMC

Corp.

4.42%,

6/15/2021

a

50,000

50,817

4.00%,

7/15/2024

a

70,000

71,070

Fiserv,

Inc.,

2.75%,

7/01/2024

85,000

89,306

Hewlett

Packard

Enterprise

Co.,

2.25%,

4/01/2023

75,000

76,085

HP,

Inc.,

4.30%,

6/01/2021

25,000

25,700

Intel

Corp.

2.35%,

5/11/2022

70,000

72,225

2.70%,

6/17/2024

65,000

69,114

3.40%,

3/25/2025

25,000

27,648

International

Business

Machines

Corp.,

3.00%,

5/15/2024

150,000

160,599

LAM

Research

Corp.,

3.80%,

3/15/2025

25,000

27,508

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

99.2%

(continued)

Technology

–

8.0%

(continued)

Microsoft

Corp.

1.55%,

8/08/2021

50,000

50,629

2.40%,

2/06/2022

80,000

82,255

3.63%,

12/15/2023

75,000

82,745

2.70%,

2/12/2025

25,000

27,115

Oracle

Corp.

2.80%,

7/08/2021

50,000

51,124

2.50%,

5/15/2022

75,000

77,159

2.40%,

9/15/2023

100,000

104,607

2.95%,

11/15/2024

50,000

53,611

QUALCOMM,

Inc.,

2.90%,

5/20/2024

50,000

53,329

Seagate

HDD

Cayman,

4.75%,

1/01/2025

50,000

51,675

Texas

Instruments,

Inc.,

1.85%,

5/15/2022

50,000

51,093

VMware,

Inc.,

2.95%,

8/21/2022

50,000

50,735

Xilinx,

Inc.,

2.95%,

6/01/2024

55,000

57,840

2,202,665

Utilities

–

4.7%

Alabama

Power

Co.,

Series

17A,

2.45%,

3/30/2022

50,000

51,367

Ameren

Corp.,

2.50%,

9/15/2024

40,000

41,378

Berkshire

Hathaway

Energy

Co.,

3.75%,

11/15/2023

50,000

54,345

CenterPoint

Energy,

Inc.,

2.50%,

9/01/2022

50,000

51,102

Dominion

Energy

Gas

Holdings

LLC,

3.60%,

12/15/2024

75,000

81,258

Dominion

Energy,

Inc.

3.07%,

8/15/2024

b

50,000

52,432

5.75%,

10/01/2054

25,000

25,000

DTE

Energy

Co.

Series

B,

2.60%,

6/15/2022

50,000

50,667

Series

C,

2.53%,

10/01/2024

25,000

25,478

Duke

Energy

Corp.

3.55%,

9/15/2021

25,000

25,618

3.75%,

4/15/2024

50,000

54,424

Duke

Energy

Progress

LLC,

3.00%,

9/15/2021

50,000

51,038

Edison

International,

3.55%,

11/15/2024

25,000

25,789

Emera

US

Finance

LP,

2.70%,

6/15/2021

25,000

25,133

Entergy

Gulf

States

Louisiana

LLC,

5.59%,

10/01/2024

50,000

58,891

Evergy

,

Inc.,

2.45%,

9/15/2024

25,000

25,863

Eversource

Energy,

Series

K,

2.75%,

3/15/2022

50,000

51,329

FirstEnergy

Corp.,

2.05%,

3/01/2025

25,000

25,188

Iberdrola

International

BV,

5.81%,

3/15/2025

35,000

40,667

National

Rural

Utilities

Cooperative

Finance

Corp.,

2.30%,

9/15/2022

65,000

66,836

NextEra

Energy

Capital

Holdings,

Inc.

4.50%,

6/01/2021

50,000

51,281

3.15%,

4/01/2024

50,000

53,191

PECO

Energy

Co.,

2.38%,

9/15/2022

65,000

66,664

Public

Service

Enterprise

Group,

Inc.,

2.00%,

11/15/2021

65,000

65,523

Sempra

Energy,

2.90%,

2/01/2023

50,000

51,631

Southern

California

Edison

Co.,

Series

B,

2.40%,

2/01/2022

65,000

65,821

Southern

Co.

(The),

2.35%,

7/01/2021

25,000

25,278

Southern

Power

Co.,

Series

E,

2.50%,

12/15/2021

50,000

50,734

1,313,926

47

a

Security

exempt

from

registration

pursuant

to

Rule

144A

under

the

Securities

Act

of

1933.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

At

April

30,

2020,

these

securities

were

valued

at

$517,545

or

1.88%

of

net

asset.

b

Step

coupon

bond.

The

interest

rate

represents

the

coupon

rate

at

which

the

bond

will

accrue

at

a

specified

future

date.

c

Investment

in

affiliated

issuer.

The

investment

objective

of

this

investment

company

is

publicly

available

and

can

be

found

within

the

investment

company’s

prospectus.

Holdings

and

transactions

in

these

affiliated

companies

during

the

period

ended

April

30,

2020

are

as

follows:

d

The

rate

shown

is

the

1-day

SEC

standardized

yield

as

of

April

30,

2020.

See

Notes

to

Financial

Statements

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Total

Corporate

Bonds

(cost

$27,406,904)

27,375,121

Investment

Companies

–

1.1%

Shares

Registered

Investment

Companies

–

1.1%

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares,

0.20%

c,d

(cost

$299,316)

299,316

299,316

Total

Investments

(cost

$27,706,220)

100.3%

27,674,437

Liabilities,

Less

Cash

and

Receivables

(0.3)%

(74,006)

Net

Assets

100.0%

27,600,431

Description

Value

4/24/20

Purchases

($)

Sales

($)

Net

Realized

Gain

(Loss)

($)

Net

Change

in

Unrealized

Appreciation

(Depreciation)

($)

Value

4/30/20

Net

Assets

(%)

Dividends/

Distributions

($)

Investment

Companies

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares

—

299,316

—

—

—

299,316

1.1

2

Total

—

299,316

—

—

—

299,316

1.1

2

Portfolio

Summary

(Unaudited)

†

Value

(%)

Financial

42.8

Consumer,

Non-cyclical

15.9

Technology

8.0

Industrial

7.8

Energy

6.9

Consumer,

Cyclical

6.1

Communications

5.6

Utilities

4.7

Basic

Materials

1.4

Registered

Investment

Companies

1.1

100.3

†

Based

on

net

assets.

48

STATEMENT

OF

INVESTMENTS

April

30,

2020

(Unaudited)

BNY

Mellon

High

Yield

Beta

ETF

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

Basic

Materials

–

5.6%

Alcoa

Nederland

Holding

BV,

6.75%,

9/30/2024

a

50,000

50,451

Allegheny

Technologies,

Inc.

7.88%,

8/15/2023

25,000

22,907

5.88%,

12/01/2027

13,000

10,704

Arconic

Corp.,

6.13%,

2/15/2028

a

10,000

9,479

Aruba

Investments,

Inc.,

8.75%,

2/15/2023

a

15,000

14,780

Ashland

LLC,

4.75%,

8/15/2022

10,000

10,444

Baffinland

Iron

Mines

Corp.

/

Baffinland

Iron

Mines

LP,

8.75%,

7/15/2026

a

20,000

17,517

Barminco

Finance

Pty

Ltd.,

6.63%,

5/15/2022

a

5,000

4,759

Big

River

Steel

LLC

/

BRS

Finance

Corp.,

7.25%,

9/01/2025

a

25,000

23,435

Blue

Cube

Spinco

LLC

9.75%,

10/15/2023

25,000

26,071

10.00%,

10/15/2025

20,000

21,183

Carpenter

Technology

Corp.

5.20%,

7/15/2021

5,000

5,052

4.45%,

3/01/2023

5,000

4,842

Cascades,

Inc.,

5.75%,

7/15/2023

a

10,000

9,993

Century

Aluminum

Co.,

7.50%,

6/01/2021

a

15,000

13,542

CF

Industries,

Inc.

3.45%,

6/01/2023

25,000

25,273

5.15%,

3/15/2034

25,000

26,115

4.95%,

6/01/2043

15,000

15,318

5.38%,

3/15/2044

15,000

15,526

Chemours

Co.

(The)

6.63%,

5/15/2023

50,000

47,430

5.38%,

5/15/2027

5,000

4,237

Clearwater

Paper

Corp.,

4.50%,

2/01/2023

6,000

5,875

Cleveland-Cliffs,

Inc.

4.88%,

1/15/2024

a

10,000

8,677

5.75%,

3/01/2025

13,000

9,296

6.75%,

3/15/2026

a

15,000

13,090

5.88%,

6/01/2027

15,000

9,276

6.25%,

10/01/2040

12,000

6,302

Commercial

Metals

Co.

4.88%,

5/15/2023

5,000

5,026

5.75%,

4/15/2026

5,000

4,965

5.38%,

7/15/2027

5,000

4,890

Compass

Minerals

International,

Inc.,

4.88%,

7/15/2024

a

17,000

16,678

Constellium

SE,

5.75%,

5/15/2024

a

36,000

34,728

Cornerstone

Chemical

Co.,

6.75%,

8/15/2024

a

20,000

16,184

CVR

Partners

LP

/

CVR

Nitrogen

Finance

Corp.,

9.25%,

6/15/2023

a

15,000

13,291

Eldorado

Gold

Corp.,

9.50%,

6/01/2024

a

20,000

21,344

Element

Solutions,

Inc.,

5.88%,

12/01/2025

a

30,000

29,789

FMG

Resources

(August

2006)

Pty

Ltd.

4.75%,

5/15/2022

a

15,000

15,034

5.13%,

3/15/2023

a

10,000

10,090

5.13%,

5/15/2024

a

15,000

15,234

4.50%,

9/15/2027

a

10,000

9,783

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Basic

Materials

–

5.6%

(continued)

Freeport-McMoRan,

Inc.

3.55%,

3/01/2022

15,000

15,133

3.88%,

3/15/2023

40,000

40,072

4.55%,

11/14/2024

15,000

15,035

5.00%,

9/01/2027

10,000

9,747

4.13%,

3/01/2028

15,000

13,920

5.25%,

9/01/2029

10,000

9,882

4.25%,

3/01/2030

10,000

9,325

5.40%,

11/14/2034

15,000

13,857

5.45%,

3/15/2043

40,000

36,692

GCP

Applied

Technologies,

Inc.,

5.50%,

4/15/2026

a

12,000

11,550

Hecla

Mining

Co.,

7.25%,

2/15/2028

12,000

11,848

Hudbay

Minerals,

Inc.

7.25%,

1/15/2023

a

12,000

11,058

7.63%,

1/15/2025

a

12,000

10,943

INEOS

Group

Holdings

SA,

5.63%,

8/01/2024

a

23,000

22,310

Infrabuild

Australia

Pty

Ltd.,

12.00%,

10/01/2024

a

5,000

4,019

Ingevity

Corp.,

4.50%,

2/01/2026

a

11,000

9,749

Innophos

Holdings,

Inc.,

9.38%,

2/15/2028

a

12,000

11,537

Joseph

T

Ryerson

&

Son,

Inc.,

11.00%,

5/15/2022

a

12,000

11,670

Kaiser

Aluminum

Corp.,

4.63%,

3/01/2028

a

13,000

12,113

Mercer

International,

Inc.

6.50%,

2/01/2024

5,000

4,841

7.38%,

1/15/2025

20,000

19,380

5.50%,

1/15/2026

10,000

8,806

Methanex

Corp.

4.25%,

12/01/2024

30,000

26,917

5.25%,

12/15/2029

40,000

33,731

Mineral

Resources

Ltd.,

8.13%,

5/01/2027

a

15,000

15,342

Neon

Holdings,

Inc.,

10.13%,

4/01/2026

a

15,000

13,500

New

Gold,

Inc.

6.25%,

11/15/2022

a

16,000

16,007

6.38%,

5/15/2025

a

11,000

10,592

Novelis

Corp.

5.88%,

9/30/2026

a

35,000

34,058

4.75%,

1/30/2030

a

38,000

33,665

Nufarm

Australia

Ltd.

/

Nufarm

Americas,

Inc.,

5.75%,

4/30/2026

a

20,000

18,889

Olin

Corp.

5.50%,

8/15/2022

5,000

5,082

5.13%,

9/15/2027

11,000

10,114

5.63%,

8/01/2029

23,000

20,801

5.00%,

2/01/2030

10,000

8,799

PolyOne

Corp.,

5.25%,

3/15/2023

23,000

23,922

PQ

Corp.,

5.75%,

12/15/2025

a

15,000

14,873

Rain

CII

Carbon

LLC

/

CII

Carbon

Corp.,

7.25%,

4/01/2025

a

17,000

14,737

Resolute

Forest

Products,

Inc.,

5.88%,

5/15/2023

7,000

5,752

Schweitzer-Mauduit

International,

Inc.,

6.88%,

10/01/2026

a

7,000

6,930

Smurfit

Kappa

Treasury

Funding

DAC,

7.50%,

11/20/2025

15,000

17,834

TPC

Group,

Inc.,

10.50%,

8/01/2024

a

20,000

16,369

Trinseo

Materials

Operating

SCA

/

Trinseo

Materials

Finance,

Inc.,

5.38%,

9/01/2025

a

20,000

17,082

Tronox

Finance

PLC,

5.75%,

10/01/2025

a

23,000

20,998

49

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Basic

Materials

–

5.6%

(continued)

U.S.

Steel

Corp.,

6.25%,

3/15/2026

b

15,000

9,522

Valvoline,

Inc.,

4.25%,

2/15/2030

a

25,000

24,322

WR

Grace

&

Co.-Conn

5.13%,

10/01/2021

a

26,000

26,158

5.63%,

10/01/2024

a

11,000

11,034

1,399,127

Communications

–

19.2%

Altice

Financing

SA,

7.50%,

5/15/2026

a

80,000

83,459

Altice

France

Holding

SA,

6.00%,

2/15/2028

a

35,000

31,915

Altice

France

SA

7.38%,

5/01/2026

a

100,000

104,566

8.13%,

2/01/2027

a

55,000

59,265

5.50%,

1/15/2028

a

32,000

32,247

AMC

Networks,

Inc.

5.00%,

4/01/2024

20,000

19,421

4.75%,

8/01/2025

b

17,000

15,689

Belo

Corp.

7.75%,

6/01/2027

13,000

13,455

7.25%,

9/15/2027

5,000

4,949

Block

Communications,

Inc.,

4.88%,

3/01/2028

a

15,000

14,966

CCO

Holdings

LLC

/

CCO

Holdings

Capital

Corp.

5.88%,

4/01/2024

a

45,000

46,264

5.38%,

5/01/2025

a

25,000

25,671

5.50%,

5/01/2026

a

40,000

41,496

5.13%,

5/01/2027

a

65,000

67,519

5.88%,

5/01/2027

a

30,000

31,269

5.00%,

2/01/2028

a

65,000

66,810

5.38%,

6/01/2029

a

40,000

42,189

4.50%,

8/15/2030

a

70,000

70,935

4.50%,

5/01/2032

a

40,000

39,781

CenturyLink,

Inc.

Series

S,

6.45%,

6/15/2021

25,000

25,553

Series

T,

5.80%,

3/15/2022

30,000

30,756

Series

W,

6.75%,

12/01/2023

5,000

5,266

Series

Y,

7.50%,

4/01/2024

32,000

34,710

5.13%,

12/15/2026

a

16,000

15,311

4.00%,

2/15/2027

a

16,000

15,656

Series

P,

7.60%,

9/15/2039

10,000

10,223

Series

U,

7.65%,

3/15/2042

10,000

10,117

Cincinnati

Bell,

Inc.,

7.00%,

7/15/2024

a

25,000

25,258

Clear

Channel

Worldwide

Holdings,

Inc.,

5.13%,

8/15/2027

a

6,000

5,643

Cogent

Communications

Group,

Inc.,

5.38%,

3/01/2022

a

10,000

10,251

CommScope

Technologies

LLC,

6.00%,

6/15/2025

a

35,000

31,170

CommScope,

Inc.

5.50%,

6/15/2024

a

38,000

34,139

6.00%,

3/01/2026

a

10,000

10,021

8.25%,

3/01/2027

a

11,000

10,553

Consolidated

Communications,

Inc.,

6.50%,

10/01/2022

15,000

13,600

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Communications

–

19.2%

(continued)

CSC

Holdings

LLC

6.75%,

11/15/2021

22,000

22,941

5.88%,

9/15/2022

22,000

22,984

5.25%,

6/01/2024

25,000

26,180

5.50%,

5/15/2026

a

27,000

28,060

5.38%,

2/01/2028

a

26,000

26,967

7.50%,

4/01/2028

a

45,000

49,525

5.75%,

1/15/2030

a

100,000

103,979

Cumulus

Media

New

Holdings,

Inc.,

6.75%,

7/01/2026

a

31,000

25,298

Diamond

Sports

Group

LLC

/

Diamond

Sports

Finance

Co.

5.38%,

8/15/2026

a

70,000

53,217

6.63%,

8/15/2027

a

50,000

27,428

DISH

DBS

Corp.

6.75%,

6/01/2021

42,000

42,070

5.88%,

7/15/2022

48,000

48,265

5.00%,

3/15/2023

52,000

49,575

5.88%,

11/15/2024

59,000

56,818

7.75%,

7/01/2026

55,000

54,175

DKT

Finance

ApS,

9.38%,

6/17/2023

a

20,000

20,082

EIG

Investors

Corp.,

10.88%,

2/01/2024

27,000

23,160

Embarq

Corp.,

8.00%,

6/01/2036

42,000

43,892

Entercom

Media

Corp.

7.25%,

11/01/2024

a

6,000

3,780

6.50%,

5/01/2027

a

11,000

8,087

EW

Scripps

Co.

(The),

5.13%,

5/15/2025

a

10,000

8,552

GCI

LLC

6.63%,

6/15/2024

a

15,000

15,526

6.88%,

4/15/2025

11,000

11,380

Getty

Images,

Inc.,

9.75%,

3/01/2027

a

15,000

11,110

Go

Daddy

Operating

Co.

LLC

/

GD

Finance

Co.,

Inc.,

5.25%,

12/01/2027

a

22,000

22,604

Gogo

Intermediate

Holdings

LLC

/

Gogo

Finance

Co.,

Inc.,

9.88%,

5/01/2024

a

11,000

9,014

Gray

Television,

Inc.

5.13%,

10/15/2024

a

13,000

12,827

5.88%,

7/15/2026

a

12,000

11,614

7.00%,

5/15/2027

a

20,000

20,100

Hughes

Satellite

Systems

Corp.

7.63%,

6/15/2021

20,000

20,763

6.63%,

8/01/2026

20,000

21,332

iHeartCommunications,

Inc.

6.38%,

5/01/2026

25,000

23,691

8.38%,

5/01/2027

40,000

33,194

Intelsat

Jackson

Holdings

SA

9.50%,

9/30/2022

a,c

10,000

11,102

8.00%,

2/15/2024

a,c

25,000

25,490

Intrado

Corp.,

8.50%,

10/15/2025

a

35,000

24,441

Lamar

Media

Corp.

5.00%,

5/01/2023

13,000

12,997

5.75%,

2/01/2026

23,000

23,425

Level

3

Financing,

Inc.

5.63%,

2/01/2023

25,000

25,032

5.38%,

5/01/2025

15,000

15,225

5.25%,

3/15/2026

30,000

30,848

4.63%,

9/15/2027

a

30,000

30,029

50

STATEMENT

OF

INVESTMENTS

(continued)

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Communications

–

19.2%

(continued)

Liberty

Interactive

LLC

8.50%,

7/15/2029

b

5,000

4,317

8.25%,

2/01/2030

20,000

17,671

Match

Group,

Inc.

5.00%,

12/15/2027

a

13,000

13,594

5.63%,

2/15/2029

a

5,000

5,235

4.13%,

8/01/2030

a

25,000

24,376

MDC

Partners,

Inc.,

6.50%,

5/01/2024

a

13,000

10,069

Meredith

Corp.,

6.88%,

2/01/2026

35,000

29,960

Midcontinent

Communications

/

Midcontinent

Finance

Corp.,

5.38%,

8/15/2027

a

15,000

15,213

National

CineMedia

LLC,

5.88%,

4/15/2028

a

5,000

3,600

Netflix,

Inc.

5.50%,

2/15/2022

25,000

26,004

5.88%,

2/15/2025

25,000

27,463

4.38%,

11/15/2026

30,000

31,636

4.88%,

4/15/2028

45,000

47,922

5.88%,

11/15/2028

50,000

56,603

6.38%,

5/15/2029

25,000

29,338

5.38%,

11/15/2029

a

30,000

33,136

4.88%,

6/15/2030

a

30,000

32,013

Nexstar

Broadcasting,

Inc.

5.63%,

8/01/2024

a

39,000

38,170

5.63%,

7/15/2027

a

20,000

19,114

Nokia

OYJ

3.38%,

6/12/2022

23,000

23,214

4.38%,

6/12/2027

23,000

23,278

NortonLifeLock,

Inc.

3.95%,

6/15/2022

20,000

20,361

5.00%,

4/15/2025

a

35,000

35,181

ORBCOMM,

Inc.,

8.00%,

4/01/2024

a

7,000

6,444

Outfront

Media

Capital

LLC

/

Outfront

Media

Capital

Corp.

5.63%,

2/15/2024

13,000

13,056

5.00%,

8/15/2027

a

10,000

9,558

4.63%,

3/15/2030

a

20,000

18,448

Plantronics,

Inc.,

5.50%,

5/31/2023

a

12,000

9,628

Qualitytech

LP

/

QTS

Finance

Corp.,

4.75%,

11/15/2025

a

8,000

8,051

Qwest

Corp.,

6.75%,

12/01/2021

30,000

31,348

Radiate

Holdco

LLC

/

Radiate

Finance,

Inc.

6.88%,

2/15/2023

a

13,000

12,870

6.63%,

2/15/2025

a

15,000

14,934

Salem

Media

Group,

Inc.,

6.75%,

6/01/2024

a

10,000

7,859

Scripps

Escrow,

Inc.,

5.88%,

7/15/2027

a

20,000

17,030

Sinclair

Television

Group,

Inc.

5.63%,

8/01/2024

a

11,000

10,127

5.88%,

3/15/2026

a

7,000

6,010

5.13%,

2/15/2027

a

11,000

9,343

5.50%,

3/01/2030

a

11,000

9,129

Sirius

XM

Radio,

Inc.

3.88%,

8/01/2022

a

30,000

30,167

4.63%,

5/15/2023

a

20,000

20,116

4.63%,

7/15/2024

a

40,000

40,816

5.38%,

4/15/2025

a

30,000

30,927

5.38%,

7/15/2026

a

30,000

31,193

5.00%,

8/01/2027

a

40,000

41,010

5.50%,

7/01/2029

a

35,000

36,933

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Communications

–

19.2%

(continued)

Sprint

Capital

Corp.

6.88%,

11/15/2028

60,000

72,473

8.75%,

3/15/2032

40,000

56,217

Sprint

Communications,

Inc.

11.50%,

11/15/2021

30,000

33,542

6.00%,

11/15/2022

60,000

63,397

Sprint

Corp.

7.25%,

9/15/2021

55,000

57,688

7.88%,

9/15/2023

95,000

106,719

7.13%,

6/15/2024

60,000

67,310

7.63%,

2/15/2025

40,000

46,002

TEGNA,

Inc.

4.88%,

9/15/2021

a

7,000

6,976

5.50%,

9/15/2024

a

22,000

22,279

4.63%,

3/15/2028

a

43,000

38,591

5.00%,

9/15/2029

a

11,000

9,804

Telecom

Italia

Capital

SA

6.38%,

11/15/2033

20,000

21,619

6.00%,

9/30/2034

20,000

20,805

7.20%,

7/18/2036

30,000

33,929

7.72%,

6/04/2038

20,000

23,239

Telefonaktiebolaget

LM

Ericsson,

4.13%,

5/15/2022

35,000

36,263

Telesat

Canada

/

Telesat

LLC

4.88%,

6/01/2027

a

13,000

12,774

6.50%,

10/15/2027

a

20,000

18,905

Terrier

Media

Buyer,

Inc.,

8.88%,

12/15/2027

a

30,000

24,749

T-Mobile

USA,

Inc.

4.00%,

4/15/2022

20,000

20,456

6.00%,

3/01/2023

40,000

40,423

6.00%,

4/15/2024

30,000

30,616

6.38%,

3/01/2025

45,000

46,388

6.50%,

1/15/2026

50,000

52,786

4.50%,

2/01/2026

30,000

30,925

5.38%,

4/15/2027

20,000

21,135

4.75%,

2/01/2028

40,000

42,010

Townsquare

Media,

Inc.,

6.50%,

4/01/2023

a

10,000

8,839

Trilogy

International

Partners

LLC

/

Trilogy

International

Finance,

Inc.,

8.88%,

5/01/2022

a

15,000

13,994

U.S.

Cellular

Corp.,

6.70%,

12/15/2033

10,000

10,564

Uber

Technologies,

Inc.

7.50%,

11/01/2023

a

15,000

15,039

7.50%,

9/15/2027

a

32,000

32,516

Univision

Communications,

Inc.

5.13%,

5/15/2023

a

8,000

7,673

5.13%,

2/15/2025

a

38,000

33,639

VeriSign,

Inc.

5.25%,

4/01/2025

10,000

10,956

4.75%,

7/15/2027

25,000

26,615

ViacomCBS,

Inc.

5.88%,

2/28/2057

25,000

23,040

6.25%,

2/28/2057

12,000

11,881

ViaSat,

Inc.

5.63%,

9/15/2025

a

20,000

18,970

5.63%,

4/15/2027

a

7,000

6,928

51

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Communications

–

19.2%

(continued)

Videotron

Ltd.

5.00%,

7/15/2022

27,000

27,922

5.38%,

6/15/2024

a

20,000

21,197

Virgin

Media

Finance

PLC,

6.00%,

10/15/2024

a

25,000

25,329

Vodafone

Group

PLC,

7.00%,

4/04/2079

50,000

57,224

Zayo

Group

Holdings,

Inc.

4.00%,

3/01/2027

a

56,000

54,377

6.13%,

3/01/2028

a

48,000

45,229

Ziggo

Bond

Co.

BV,

6.00%,

1/15/2027

a

25,000

25,464

Ziggo

BV,

5.50%,

1/15/2027

a

55,000

56,000

4,830,753

Consumer,

Cyclical

–

19.4%

1011778

BC

ULC

/

New

Red

Finance,

Inc.

5.00%,

10/15/2025

a

65,000

65,253

3.88%,

1/15/2028

a

30,000

29,071

Adient

US

LLC,

7.00%,

5/15/2026

a

7,000

6,964

Allen

Media

LLC

/

Allen

Media

Co.-Issuer,

Inc.,

10.50%,

2/15/2028

a

5,000

3,732

Allison

Transmission,

Inc.

5.00%,

10/01/2024

a

35,000

33,600

5.88%,

6/01/2029

a

20,000

19,388

American

Airlines

Group,

Inc.,

3.75%,

3/01/2025

a

7,000

3,253

American

Axle

&

Manufacturing,

Inc.

6.25%,

4/01/2025

15,000

11,432

6.25%,

3/15/2026

10,000

7,442

American

Builders

&

Contractors

Supply

Co.,

Inc.

5.88%,

5/15/2026

a

10,000

10,052

4.00%,

1/15/2028

a

15,000

14,304

Anixter,

Inc.,

5.50%,

3/01/2023

8,000

8,211

Aramark

Services,

Inc.

5.00%,

4/01/2025

a

25,000

24,271

5.00%,

2/01/2028

a

26,000

25,277

Asbury

Automotive

Group,

Inc.,

4.75%,

3/01/2030

a

11,000

9,206

Ashton

Woods

USA

LLC

/

Ashton

Woods

Finance

Co.,

6.63%,

1/15/2028

a

15,000

12,297

Beacon

Roofing

Supply,

Inc.

4.88%,

11/01/2025

a

32,000

28,234

4.50%,

11/15/2026

a

13,000

12,414

Beazer

Homes

USA,

Inc.,

5.88%,

10/15/2027

10,000

7,738

Bed

Bath

&

Beyond,

Inc.

3.75%,

8/01/2024

12,000

7,424

5.17%,

8/01/2044

5,000

2,166

Boyd

Gaming

Corp.

6.38%,

4/01/2026

5,000

4,537

6.00%,

8/15/2026

25,000

22,603

4.75%,

12/01/2027

a

35,000

29,955

Boyne

USA,

Inc.,

7.25%,

5/01/2025

a

15,000

15,015

Brookfield

Residential

Properties,

Inc.

/

Brookfield

Residential

US

Corp.

6.38%,

5/15/2025

a

15,000

14,976

4.88%,

2/15/2030

a

20,000

16,491

Buena

Vista

Gaming

Authority,

13.00%,

4/01/2023

a

20,000

16,949

Burlington

Coat

Factory

Warehouse

Corp.,

6.25%,

4/15/2025

a

20,000

20,399

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Consumer,

Cyclical

–

19.4%

(continued)

Caesars

Resort

Collection

LLC

/

CRC

Finco,

Inc.,

5.25%,

10/15/2025

a

27,000

21,232

Caleres,

Inc.,

6.25%,

8/15/2023

6,000

5,341

Carvana

Co.,

8.88%,

10/01/2023

a

25,000

24,478

Cedar

Fair

LP

/

Canada's

Wonderland

Co.

/

Magnum

Management

Corp.,

5.38%,

6/01/2024

10,000

9,351

Cedar

Fair

LP

/

Canada's

Wonderland

Co.

/

Magnum

Management

Corp.

/

Millennium

Operations

LLC,

5.38%,

4/15/2027

20,000

17,869

Century

Communities,

Inc.

5.88%,

7/15/2025

7,000

6,470

6.75%,

6/01/2027

36,000

31,615

Churchill

Downs,

Inc.

5.50%,

4/01/2027

a

35,000

33,730

4.75%,

1/15/2028

a

35,000

32,836

Cinemark

USA,

Inc.,

5.13%,

12/15/2022

10,000

8,549

Cooper-Standard

Automotive,

Inc.,

5.63%,

11/15/2026

a,d

10,000

6,719

Core

&

Main

Holdings

LP,

8.63%,

9/15/2024

a,d

15,000

14,670

Dana

Financing

Luxembourg

Sarl

5.75%,

4/15/2025

a

7,000

6,330

6.50%,

6/01/2026

a

7,000

6,470

Dana,

Inc.,

5.50%,

12/15/2024

8,000

7,531

Delta

Air

Lines,

Inc.

3.63%,

3/15/2022

30,000

26,794

3.80%,

4/19/2023

20,000

16,968

2.90%,

10/28/2024

30,000

23,657

4.38%,

4/19/2028

20,000

14,784

3.75%,

10/28/2029

25,000

17,567

Diamond

Resorts

International,

Inc.,

7.75%,

9/01/2023

a

10,000

8,049

DriveTime

Automotive

Group,

Inc.

/

Bridgecrest

Acceptance

Corp.,

8.00%,

6/01/2021

a

15,000

13,539

eG

Global

Finance

PLC,

6.75%,

2/07/2025

a

22,000

19,885

Eldorado

Resorts,

Inc.

7.00%,

8/01/2023

15,000

14,473

6.00%,

4/01/2025

43,000

42,204

Enterprise

Development

Authority

(The),

12.00%,

7/15/2024

a

15,000

13,534

Fiat

Chrysler

Automobiles

NV,

5.25%,

4/15/2023

37,000

36,871

FirstCash,

Inc.,

5.38%,

6/01/2024

a

7,000

6,906

Ford

Motor

Co.

9.00%,

4/22/2025

70,000

68,461

4.35%,

12/08/2026

25,000

19,989

6.63%,

10/01/2028

50,000

41,722

7.45%,

7/16/2031

25,000

21,160

4.75%,

1/15/2043

25,000

16,052

5.29%,

12/08/2046

25,000

16,974

52

STATEMENT

OF

INVESTMENTS

(continued)

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Consumer,

Cyclical

–

19.4%

(continued)

Ford

Motor

Credit

Co.

LLC

3.81%,

10/12/2021

50,000

47,638

5.60%,

1/07/2022

70,000

68,067

3.34%,

3/28/2022

50,000

46,397

2.98%,

8/03/2022

50,000

45,704

3.55%,

10/07/2022

50,000

46,629

3.09%,

1/09/2023

50,000

45,048

3.10%,

5/04/2023

50,000

44,190

3.81%,

1/09/2024

50,000

44,383

4.06%,

11/01/2024

50,000

43,807

4.13%,

8/04/2025

50,000

42,781

4.39%,

1/08/2026

50,000

43,555

4.54%,

8/01/2026

25,000

21,441

5.11%,

5/03/2029

40,000

34,273

Forestar

Group,

Inc.,

5.00%,

3/01/2028

a

15,000

13,118

Gateway

Casinos

&

Entertainment

Ltd.,

8.25%,

3/01/2024

a

17,000

14,181

Goodyear

Tire

&

Rubber

Co.

(The),

5.00%,

5/31/2026

b

5,000

4,351

Group

1

Automotive,

Inc.,

5.00%,

6/01/2022

17,000

16,359

H&E

Equipment

Services,

Inc.,

5.63%,

9/01/2025

20,000

19,048

Hanesbrands,

Inc.

4.63%,

5/15/2024

a

8,000

8,006

4.88%,

5/15/2026

a

20,000

20,154

Hilton

Domestic

Operating

Co.,

Inc.

4.25%,

9/01/2024

30,000

29,076

5.13%,

5/01/2026

40,000

39,521

Hilton

Grand

Vacations

Borrower

LLC

/

Hilton

Grand

Vacations

Borrower,

Inc.,

6.13%,

12/01/2024

13,000

11,921

Hilton

Worldwide

Finance

LLC

/

Hilton

Worldwide

Finance

Corp.,

4.63%,

4/01/2025

30,000

29,423

IAA,

Inc.,

5.50%,

6/15/2027

a

17,000

16,985

IHO

Verwaltungs

GmbH,

6.00%,

5/15/2027

a,d

20,000

16,853

Installed

Building

Products,

Inc.,

5.75%,

2/01/2028

a

15,000

14,388

International

Game

Technology

PLC

6.50%,

2/15/2025

a

23,000

22,565

6.25%,

1/15/2027

a

23,000

22,332

IRB

Holding

Corp.,

6.75%,

2/15/2026

a

25,000

20,840

Jacobs

Entertainment,

Inc.,

7.88%,

2/01/2024

a

20,000

15,150

Jaguar

Land

Rover

Automotive

PLC,

5.63%,

2/01/2023

a

16,000

13,078

JB

Poindexter

&

Co.,

Inc.,

7.13%,

4/15/2026

a

15,000

14,573

KAR

Auction

Services,

Inc.,

5.13%,

6/01/2025

a

45,000

38,553

KB

Home

7.00%,

12/15/2021

11,000

11,381

7.50%,

9/15/2022

13,000

13,900

7.63%,

5/15/2023

11,000

11,578

6.88%,

6/15/2027

b

10,000

10,550

KFC

Holding

Co/Pizza

Hut

Holdings

LLC/Taco

Bell

of

America

LLC,

5.00%,

6/01/2024

a

35,000

36,103

KGA

Escrow

LLC,

7.50%,

8/15/2023

a

15,000

13,652

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Consumer,

Cyclical

–

19.4%

(continued)

L

Brands,

Inc.

5.63%,

2/15/2022

45,000

39,591

6.69%,

1/15/2027

15,000

10,531

5.25%,

2/01/2028

10,000

7,182

6.95%,

3/01/2033

15,000

8,547

6.75%,

7/01/2036

15,000

10,950

7.60%,

7/15/2037

15,000

8,636

Lennar

Corp.

6.25%,

12/15/2021

13,000

13,344

5.38%,

10/01/2022

6,000

6,220

4.75%,

11/15/2022

25,000

25,520

4.88%,

12/15/2023

16,000

16,499

4.50%,

4/30/2024

25,000

25,544

4.75%,

5/30/2025

20,000

20,546

5.25%,

6/01/2026

15,000

15,600

5.00%,

6/15/2027

10,000

10,182

4.75%,

11/29/2027

30,000

30,936

LGI

Homes,

Inc.,

6.88%,

7/15/2026

a

7,000

6,510

Lions

Gate

Capital

Holdings

LLC

6.38%,

2/01/2024

a

11,000

10,227

5.88%,

11/01/2024

a

28,000

25,669

Lithia

Motors,

Inc.,

4.63%,

12/15/2027

a

7,000

6,616

Live

Nation

Entertainment,

Inc.

4.88%,

11/01/2024

a

40,000

35,549

5.63%,

3/15/2026

a

11,000

9,716

4.75%,

10/15/2027

a

25,000

21,157

LTF

Merger

Sub,

Inc.,

8.50%,

6/15/2023

a

15,000

12,140

M/I

Homes,

Inc.

5.63%,

8/01/2025

10,000

9,206

4.95%,

2/01/2028

a

8,000

7,033

Macy's

Retail

Holdings,

Inc.

3.88%,

1/15/2022

30,000

25,257

2.88%,

2/15/2023

20,000

14,380

3.63%,

6/01/2024

30,000

21,260

5.13%,

1/15/2042

b

30,000

17,623

Marriott

Ownership

Resorts,

Inc.,

4.75%,

1/15/2028

a

15,000

13,231

Marriott

Ownership

Resorts,

Inc.

/

ILG

LLC,

6.50%,

9/15/2026

25,000

23,860

Mattamy

Group

Corp.,

4.63%,

3/01/2030

a

23,000

20,519

Mattel,

Inc.

3.15%,

3/15/2023

5,000

4,603

6.75%,

12/31/2025

a

40,000

40,618

5.88%,

12/15/2027

a

25,000

24,497

Meritage

Homes

Corp.

7.00%,

4/01/2022

29,000

29,810

6.00%,

6/01/2025

12,000

12,346

Meritor,

Inc.,

6.25%,

2/15/2024

12,000

11,797

MGM

China

Holdings

Ltd.,

5.38%,

5/15/2024

a

25,000

24,430

MGM

Resorts

International

7.75%,

3/15/2022

5,000

5,086

6.00%,

3/15/2023

23,000

22,309

5.50%,

4/15/2027

15,000

13,772

Michael

Kors

USA,

Inc.,

4.25%,

11/01/2024

a

20,000

15,623

Mobile

Mini,

Inc.,

5.88%,

7/01/2024

15,000

15,308

Motion

Bondco

DAC,

6.63%,

11/15/2027

a

10,000

8,022

53

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Consumer,

Cyclical

–

19.4%

(continued)

Murphy

Oil

USA,

Inc.

5.63%,

5/01/2027

12,000

12,436

4.75%,

9/15/2029

20,000

20,626

Navistar

International

Corp.,

6.63%,

11/01/2025

a

12,000

10,282

NCL

Corp.

Ltd.,

3.63%,

12/15/2024

a

5,000

3,211

Newell

Brands,

Inc.

4.00%,

6/15/2022

5,000

5,036

4.35%,

4/01/2023

30,000

30,550

4.70%,

4/01/2026

40,000

40,389

5.88%,

4/01/2036

16,000

16,765

6.00%,

4/01/2046

26,000

26,765

Panther

BF

Aggregator

2

LP

/

Panther

Finance

Co.,

Inc.

6.25%,

5/15/2026

a

25,000

25,141

8.50%,

5/15/2027

a

45,000

38,120

Penn

National

Gaming,

Inc.,

5.63%,

1/15/2027

a

5,000

4,163

Penske

Automotive

Group,

Inc.

5.75%,

10/01/2022

12,000

11,609

5.50%,

5/15/2026

36,000

33,386

Performance

Food

Group,

Inc.

5.50%,

6/01/2024

a

8,000

7,809

5.50%,

10/15/2027

a

35,000

33,231

PetSmart,

Inc.

7.13%,

3/15/2023

a

45,000

43,079

5.88%,

6/01/2025

a

30,000

30,212

8.88%,

6/01/2025

a

20,000

19,568

PulteGroup,

Inc.

5.50%,

3/01/2026

25,000

26,623

5.00%,

1/15/2027

25,000

25,960

7.88%,

6/15/2032

10,000

11,541

6.38%,

5/15/2033

11,000

11,785

6.00%,

2/15/2035

6,000

6,354

QVC,

Inc.

5.13%,

7/02/2022

20,000

19,608

4.38%,

3/15/2023

25,000

24,082

4.85%,

4/01/2024

20,000

19,041

4.45%,

2/15/2025

20,000

18,323

4.75%,

2/15/2027

20,000

18,117

5.45%,

8/15/2034

15,000

11,792

5.95%,

3/15/2043

15,000

11,622

Reliance

Intermediate

Holdings

LP,

6.50%,

4/01/2023

a

15,000

15,141

Resideo

Funding,

Inc.,

6.13%,

11/01/2026

a

20,000

17,510

Rite

Aid

Corp.,

6.13%,

4/01/2023

a

48,000

43,849

Royal

Caribbean

Cruises

Ltd.

5.25%,

11/15/2022

25,000

18,156

7.50%,

10/15/2027

15,000

11,785

3.70%,

3/15/2028

20,000

13,101

Sabre

GLBL,

Inc.

5.38%,

4/15/2023

a

15,000

13,970

5.25%,

11/15/2023

a

13,000

12,102

Sally

Holdings

LLC

/

Sally

Capital,

Inc.,

5.50%,

11/01/2023

12,000

10,530

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Consumer,

Cyclical

–

19.4%

(continued)

Scientific

Games

International,

Inc.

5.00%,

10/15/2025

a

22,000

19,201

8.25%,

3/15/2026

a

5,000

3,792

7.00%,

5/15/2028

a

11,000

7,935

7.25%,

11/15/2029

a

10,000

7,152

Shea

Homes

LP

/

Shea

Homes

Funding

Corp.,

4.75%,

2/15/2028

a

20,000

17,265

Six

Flags

Entertainment

Corp.

4.88%,

7/31/2024

a

25,000

21,999

5.50%,

4/15/2027

a,b

15,000

13,088

Speedway

Motorsports

LLC

/

Speedway

Funding

II,

Inc.,

4.88%,

11/01/2027

a

11,000

9,339

SRS

Distribution,

Inc.,

8.25%,

7/01/2026

a,b

15,000

13,799

Staples,

Inc.

7.50%,

4/15/2026

a

45,000

35,195

10.75%,

4/15/2027

a

25,000

13,999

Stars

Group

Holdings

BV

/

Stars

Group

US

Co.-

Borrower

LLC,

7.00%,

7/15/2026

a

36,000

37,299

Station

Casinos

LLC,

5.00%,

10/01/2025

a

25,000

20,835

Suburban

Propane

Partners

LP/Suburban

Energy

Finance

Corp.

5.50%,

6/01/2024

12,000

11,673

5.75%,

3/01/2025

15,000

14,700

5.88%,

3/01/2027

20,000

19,234

Sugarhouse

HSP

Gaming

Prop

Mezz

LP

/

Sugarhouse

HSP

Gaming

Finance

Corp.,

5.88%,

5/15/2025

a

15,000

12,770

Superior

Plus

LP

/

Superior

General

Partner,

Inc.,

7.00%,

7/15/2026

a

15,000

15,027

Taylor

Morrison

Communities,

Inc.

6.00%,

9/01/2023

a

15,000

14,520

5.88%,

1/31/2025

a

15,000

14,178

6.63%,

7/15/2027

a

15,000

13,735

5.75%,

1/15/2028

a

15,000

13,596

Taylor

Morrison

Communities,

Inc.

/

Taylor

Morrison

Holdings

II,

Inc.

5.88%,

4/15/2023

a

15,000

14,482

5.63%,

3/01/2024

a

13,000

12,228

Tempur

Sealy

International,

Inc.

5.63%,

10/15/2023

16,000

15,772

5.50%,

6/15/2026

25,000

23,966

Tesla,

Inc.,

5.30%,

8/15/2025

a

50,000

48,996

Titan

International,

Inc.,

6.50%,

11/30/2023

5,000

2,314

Toll

Brothers

Finance

Corp.

5.88%,

2/15/2022

7,000

7,200

5.63%,

1/15/2024

7,000

7,172

4.88%,

3/15/2027

13,000

13,166

TRI

Pointe

Group,

Inc.

4.88%,

7/01/2021

15,000

14,715

5.25%,

6/01/2027

15,000

13,525

TRI

Pointe

Group,

Inc.

/

TRI

Pointe

Homes,

Inc.,

5.88%,

6/15/2024

15,000

14,829

Truck

Hero,

Inc.,

8.50%,

4/21/2024

a

15,000

12,446

Under

Armour,

Inc.,

3.25%,

6/15/2026

10,000

9,019

United

Airlines

Holdings,

Inc.

4.25%,

10/01/2022

10,000

8,236

5.00%,

2/01/2024

10,000

7,656

4.88%,

1/15/2025

10,000

7,268

Viking

Cruises

Ltd.,

5.88%,

9/15/2027

a

30,000

20,164

54

STATEMENT

OF

INVESTMENTS

(continued)

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Consumer,

Cyclical

–

19.4%

(continued)

Vista

Outdoor,

Inc.,

5.88%,

10/01/2023

20,000

18,778

VOC

Escrow

Ltd.,

5.00%,

2/15/2028

a

25,000

19,694

Wabash

National

Corp.,

5.50%,

10/01/2025

a

8,000

6,560

William

Carter

Co.

(The),

5.63%,

3/15/2027

a

25,000

25,327

Williams

Scotsman

International,

Inc.,

6.88%,

8/15/2023

a

16,000

16,128

WMG

Acquisition

Corp.,

5.50%,

4/15/2026

a

15,000

15,370

Wolverine

Escrow

LLC

8.50%,

11/15/2024

a

20,000

14,075

9.00%,

11/15/2026

a

30,000

20,983

13.13%,

11/15/2027

a

20,000

12,139

Wyndham

Destinations,

Inc.

4.25%,

3/01/2022

12,000

11,538

3.90%,

3/01/2023

10,000

8,739

5.40%,

4/01/2024

17,000

14,999

6.35%,

10/01/2025

25,000

22,223

5.75%,

4/01/2027

11,000

9,657

4.63%,

3/01/2030

a

12,000

10,196

Wyndham

Hotels

&

Resorts,

Inc.,

5.38%,

4/15/2026

a

21,000

19,327

Wynn

Las

Vegas

LLC

/

Wynn

Las

Vegas

Capital

Corp.

4.25%,

5/30/2023

a

20,000

18,648

5.50%,

3/01/2025

a

45,000

39,942

5.25%,

5/15/2027

a

25,000

21,715

Wynn

Macau

Ltd.,

5.13%,

12/15/2029

a

50,000

47,066

Yum!

Brands,

Inc.

3.88%,

11/01/2023

7,000

7,095

7.75%,

4/01/2025

a

35,000

38,214

4.75%,

1/15/2030

a

40,000

40,782

6.88%,

11/15/2037

5,000

5,109

5.35%,

11/01/2043

5,000

4,748

ZF

North

America

Capital,

Inc.

4.50%,

4/29/2022

a

20,000

20,282

4.75%,

4/29/2025

a

27,000

25,138

4,876,315

Consumer,

Non-cyclical

–

18.7%

Acadia

Healthcare

Co.,

Inc.

5.63%,

2/15/2023

25,000

23,928

6.50%,

3/01/2024

13,000

12,442

Adani

Abbot

Point

Terminal

Pty

Ltd.,

4.45%,

12/15/2022

a,b

21,000

16,823

ADT

Security

Corp.

(The)

6.25%,

10/15/2021

42,000

43,037

3.50%,

7/15/2022

30,000

29,401

4.13%,

6/15/2023

23,000

22,683

4.88%,

7/15/2032

a

15,000

13,344

Ahern

Rentals,

Inc.,

7.38%,

5/15/2023

a

25,000

12,308

AHP

Health

Partners,

Inc.,

9.75%,

7/15/2026

a

20,000

19,779

Air

Medical

Group

Holdings,

Inc.,

6.38%,

5/15/2023

a

20,000

18,569

Albertsons

Cos.,

Inc.

/

Safeway,

Inc.

/

New

Albertsons

LP

/

Albertsons

LLC

3.50%,

2/15/2023

a

25,000

24,746

7.50%,

3/15/2026

a

23,000

25,163

4.63%,

1/15/2027

a

35,000

35,319

4.88%,

2/15/2030

a

25,000

25,362

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Consumer,

Non-cyclical

–

18.7%

(continued)

Allied

Universal

Holdco

LLC

/

Allied

Universal

Finance

Corp.

6.63%,

7/15/2026

a

40,000

41,370

9.75%,

7/15/2027

a

28,000

28,745

AMN

Healthcare,

Inc.

5.13%,

10/01/2024

a

15,000

15,042

4.63%,

10/01/2027

a

15,000

14,769

APX

Group,

Inc.

7.88%,

12/01/2022

20,000

19,038

7.63%,

9/01/2023

15,000

11,939

6.75%,

2/15/2027

a

20,000

17,200

ASGN,

Inc.,

4.63%,

5/15/2028

a

25,000

23,042

Avantor,

Inc.,

6.00%,

10/01/2024

a

40,000

42,216

Avis

Budget

Car

Rental

LLC

/

Avis

Budget

Finance,

Inc.,

6.38%,

4/01/2024

a

10,000

6,152

Avon

International

Capital

PLC,

6.50%,

8/15/2022

a

8,000

7,534

Avon

International

Operations,

Inc.,

7.88%,

8/15/2022

a

25,000

24,427

Avon

Products,

Inc.,

7.00%,

3/15/2023

8,000

7,600

B&G

Foods,

Inc.,

5.25%,

9/15/2027

12,000

12,147

Bausch

Health

Americas,

Inc.

9.25%,

4/01/2026

a

28,000

31,007

8.50%,

1/31/2027

a

45,000

49,585

Bausch

Health

Cos.,

Inc.

7.00%,

3/15/2024

a

50,000

52,121

6.13%,

4/15/2025

a

90,000

91,122

5.50%,

11/01/2025

a

30,000

31,167

9.00%,

12/15/2025

a

45,000

49,112

7.00%,

1/15/2028

a

33,000

34,279

5.00%,

1/30/2028

a

50,000

48,149

7.25%,

5/30/2029

a

17,000

18,171

5.25%,

1/30/2030

a

25,000

24,706

Brink's

Co.

(The),

4.63%,

10/15/2027

a

25,000

23,615

Capitol

Investment

Merger

Sub

2

LLC,

10.00%,

8/01/2024

a,b

15,000

14,356

Cardtronics,

Inc.

/

Cardtronics

USA,

Inc.,

5.50%,

5/01/2025

a

12,000

11,395

Carriage

Services,

Inc.,

6.63%,

6/01/2026

a

10,000

9,950

Catalent

Pharma

Solutions,

Inc.,

5.00%,

7/15/2027

a

20,000

20,417

Centene

Corp.

5.25%,

4/01/2025

a

35,000

36,273

5.38%,

6/01/2026

a

50,000

52,983

5.38%,

8/15/2026

a

25,000

26,615

4.25%,

12/15/2027

a

65,000

67,998

4.63%,

12/15/2029

a

85,000

93,037

3.38%,

2/15/2030

a

55,000

55,407

Central

Garden

&

Pet

Co.

6.13%,

11/15/2023

12,000

12,154

5.13%,

2/01/2028

5,000

5,079

Charles

River

Laboratories

International,

Inc.,

5.50%,

4/01/2026

a

20,000

20,869

55

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Consumer,

Non-cyclical

–

18.7%

(continued)

CHS/Community

Health

Systems,

Inc.

6.25%,

3/31/2023

60,000

56,388

8.63%,

1/15/2024

a

20,000

19,601

8.13%,

6/30/2024

a

25,000

17,058

6.63%,

2/15/2025

a

30,000

27,775

8.00%,

3/15/2026

a

40,000

38,330

8.00%,

12/15/2027

a

15,000

14,079

6.88%,

4/01/2028

a

35,000

12,204

Clearwater

Seafoods,

Inc.,

6.88%,

5/01/2025

a

15,000

13,755

Cott

Holdings,

Inc.,

5.50%,

4/01/2025

a

20,000

20,106

Coty,

Inc.,

6.50%,

4/15/2026

a

25,000

21,094

Darling

Ingredients,

Inc.,

5.25%,

4/15/2027

a

8,000

8,066

Edgewell

Personal

Care

Co.

4.70%,

5/19/2021

6,000

6,032

4.70%,

5/24/2022

20,000

20,324

Elanco

Animal

Health,

Inc.

4.66%,

8/27/2021

20,000

20,489

5.02%,

8/28/2023

27,000

28,922

5.65%,

8/28/2028

32,000

35,408

Encompass

Health

Corp.

5.13%,

3/15/2023

6,000

5,964

5.75%,

9/15/2025

20,000

20,068

4.50%,

2/01/2028

20,000

20,180

ENDO

Dac

/

ENDO

Finance

LLC

/

ENDO

Finco,

Inc.,

6.00%,

2/01/2025

a

27,000

19,322

Fresh

Market,

Inc.

(The),

9.75%,

5/01/2023

a

30,000

19,056

Garda

World

Security

Corp.,

4.63%,

2/15/2027

a

15,000

14,592

Gartner,

Inc.,

5.13%,

4/01/2025

a

30,000

30,931

Graham

Holdings

Co.,

5.75%,

6/01/2026

a

11,000

11,024

Hadrian

Merger

Sub,

Inc.,

8.50%,

5/01/2026

a

15,000

13,050

HCA,

Inc.

5.88%,

5/01/2023

13,000

13,930

8.36%,

4/15/2024

6,000

6,636

5.38%,

2/01/2025

63,000

67,742

5.88%,

2/15/2026

42,000

46,991

5.38%,

9/01/2026

25,000

27,099

7.05%,

12/01/2027

5,000

5,462

5.63%,

9/01/2028

20,000

22,184

5.88%,

2/01/2029

25,000

28,693

3.50%,

9/01/2030

55,000

52,687

Herc

Holdings,

Inc.,

5.50%,

7/15/2027

a

35,000

33,175

Hertz

Corp.

(The)

7.63%,

6/01/2022

a

10,000

3,804

7.13%,

8/01/2026

a

25,000

5,404

6.00%,

1/15/2028

a

30,000

5,202

H-Food

Holdings

LLC

/

Hearthside

Finance

Co.,

Inc.,

8.50%,

6/01/2026

a

15,000

12,817

Hill-Rom

Holdings,

Inc.,

4.38%,

9/15/2027

a

25,000

25,490

Hologic,

Inc.,

4.38%,

10/15/2025

a

30,000

30,315

Horizon

Therapeutics

USA,

Inc.,

5.50%,

8/01/2027

a

37,000

38,524

Immucor,

Inc.,

11.13%,

2/15/2022

a

15,000

13,500

Ingles

Markets,

Inc.,

5.75%,

6/15/2023

25,000

25,229

JBS

Investments

II

GmbH,

7.00%,

1/15/2026

a

26,000

27,002

JBS

USA

LUX

SA

/

JBS

USA

Finance,

Inc.,

6.75%,

2/15/2028

a

25,000

26,790

JBS

USA

LUX

SA

/

JBS

USA

Food

Co.

/

JBS

USA

Finance,

Inc.

6.50%,

4/15/2029

a

35,000

36,981

5.50%,

1/15/2030

a

35,000

35,495

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Consumer,

Non-cyclical

–

18.7%

(continued)

KeHE

Distributors

LLC

/

KeHE

Finance

Corp.,

8.63%,

10/15/2026

a

10,000

10,599

Korn

Ferry,

4.63%,

12/15/2027

a

15,000

13,965

Kraft

Heinz

Foods

Co.

3.38%,

6/15/2021

6,000

6,085

3.50%,

6/06/2022

35,000

35,972

4.00%,

6/15/2023

25,000

25,942

3.95%,

7/15/2025

48,000

50,453

3.00%,

6/01/2026

38,000

37,900

4.63%,

1/30/2029

25,000

26,405

3.75%,

4/01/2030

a

25,000

25,507

6.75%,

3/15/2032

5,000

6,193

5.00%,

7/15/2035

25,000

26,790

6.88%,

1/26/2039

13,000

15,649

7.13%,

8/01/2039

a

25,000

30,156

4.63%,

10/01/2039

a

15,000

14,899

6.50%,

2/09/2040

25,000

29,476

5.00%,

6/04/2042

40,000

40,681

5.20%,

7/15/2045

40,000

41,381

4.38%,

6/01/2046

60,000

57,319

4.88%,

10/01/2049

a

30,000

30,015

Kronos

Acquisition

Holdings,

Inc.,

9.00%,

8/15/2023

a

25,000

21,708

Lamb

Weston

Holdings,

Inc.,

4.88%,

11/01/2026

a

30,000

30,135

LifePoint

Health,

Inc.,

4.38%,

2/15/2027

a

20,000

18,802

Magellan

Health,

Inc.,

4.90%,

9/22/2024

11,000

10,716

MEDNAX,

Inc.,

6.25%,

1/15/2027

a

22,000

19,912

Molina

Healthcare,

Inc.

5.38%,

11/15/2022

25,000

25,874

4.88%,

6/15/2025

a

15,000

15,130

MPH

Acquisition

Holdings

LLC,

7.13%,

6/01/2024

a

40,000

35,667

Nielsen

Co.

Luxembourg

Sarl

(The),

5.00%,

2/01/2025

a

38,000

36,738

Nielsen

Finance

LLC

/

Nielsen

Finance

Co.,

5.00%,

4/15/2022

a

20,000

19,672

One

Call

Corp.,

10.00%,

10/01/2024

a

20,000

17,255

Ortho-Clinical

Diagnostics,

Inc.

/

Ortho-Clinical

Diagnostics

SA

6.63%,

5/15/2022

a

20,000

18,398

7.25%,

2/01/2028

a

21,000

19,115

Par

Pharmaceutical,

Inc.,

7.50%,

4/01/2027

a

8,000

8,142

Pilgrim's

Pride

Corp.,

5.75%,

3/15/2025

a

30,000

30,302

Polaris

Intermediate

Corp.,

8.50%,

12/01/2022

a,d

49,000

41,098

Post

Holdings,

Inc.

5.00%,

8/15/2026

a

45,000

44,804

5.75%,

3/01/2027

a

40,000

41,067

5.63%,

1/15/2028

a

30,000

30,514

5.50%,

12/15/2029

a

25,000

25,197

4.63%,

4/15/2030

a

35,000

34,351

Prime

Security

Services

Borrower

LLC

/

Prime

Finance,

Inc.

5.25%,

4/15/2024

a

20,000

19,633

5.75%,

4/15/2026

a

35,000

34,532

6.25%,

1/15/2028

a

35,000

31,362

Radiology

Partners,

Inc.,

9.25%,

2/01/2028

a

20,000

19,049

Refinitiv

US

Holdings,

Inc.,

8.25%,

11/15/2026

a

38,000

42,166

RegionalCare

Hospital

Partners

Holdings,

Inc.

/

LifePoint

Health,

Inc.,

9.75%,

12/01/2026

a

36,000

38,499

56

STATEMENT

OF

INVESTMENTS

(continued)

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Consumer,

Non-cyclical

–

18.7%

(continued)

Ritchie

Bros

Auctioneers,

Inc.,

5.38%,

1/15/2025

a

22,000

22,220

RR

Donnelley

&

Sons

Co.,

6.50%,

11/15/2023

6,000

5,429

Safeway,

Inc.,

7.25%,

2/01/2031

15,000

15,660

Select

Medical

Corp.,

6.25%,

8/15/2026

a

26,000

25,023

Service

Corp.

International,

5.13%,

6/01/2029

28,000

29,309

ServiceMaster

Co.

LLC

(The),

5.13%,

11/15/2024

a

40,000

40,536

Sigma

Holdco

BV,

7.88%,

5/15/2026

a

25,000

23,772

Simmons

Foods,

Inc.,

5.75%,

11/01/2024

a

20,000

18,752

Sotheby's,

7.38%,

10/15/2027

a

20,000

16,852

Spectrum

Brands,

Inc.

5.75%,

7/15/2025

30,000

29,909

5.00%,

10/01/2029

a

15,000

14,325

Surgery

Center

Holdings,

Inc.

6.75%,

7/01/2025

a

5,000

4,334

10.00%,

4/15/2027

a

15,000

14,061

Teleflex,

Inc.

4.88%,

6/01/2026

16,000

16,292

4.63%,

11/15/2027

20,000

20,764

Tenet

Healthcare

Corp.

8.13%,

4/01/2022

71,000

71,580

6.75%,

6/15/2023

16,000

15,976

4.63%,

7/15/2024

12,000

11,860

4.63%,

9/01/2024

a

20,000

19,669

5.13%,

5/01/2025

26,000

24,421

7.00%,

8/01/2025

11,000

10,297

4.88%,

1/01/2026

a

40,000

39,520

6.25%,

2/01/2027

a

15,000

14,777

5.13%,

11/01/2027

a

27,000

26,813

6.88%,

11/15/2031

21,000

17,793

Tms

International

Holding

Corp.,

7.25%,

8/15/2025

a

15,000

11,225

TreeHouse

Foods,

Inc.,

6.00%,

2/15/2024

a

25,000

25,619

United

Rentals

North

America,

Inc.

5.50%,

7/15/2025

17,000

17,211

4.63%,

10/15/2025

20,000

19,637

5.88%,

9/15/2026

27,000

27,768

6.50%,

12/15/2026

6,000

6,229

5.50%,

5/15/2027

20,000

20,204

4.88%,

1/15/2028

20,000

20,062

5.25%,

1/15/2030

25,000

24,980

4.00%,

7/15/2030

20,000

18,798

US

Foods,

Inc.,

5.88%,

6/15/2024

a

20,000

19,068

US

Renal

Care,

Inc.,

10.63%,

7/15/2027

a

20,000

19,803

Vector

Group

Ltd.,

6.13%,

2/01/2025

a

30,000

29,100

Verscend

Escrow

Corp.,

9.75%,

8/15/2026

a

35,000

36,456

WEX,

Inc.,

4.75%,

2/01/2023

a

6,000

5,796

WW

International,

Inc.,

8.63%,

12/01/2025

a

6,000

5,961

4,691,748

Diversified

–

0.1%

Stena

International

SA,

6.13%,

2/01/2025

a

23,000

20,072

VistaJet

Malta

Finance

PLC

/

XO

Management

Holding,

Inc.,

10.50%,

6/01/2024

a

17,000

13,569

33,641

Energy

–

10.4%

AI

Candelaria

Spain

SLU,

7.50%,

12/15/2028

a

21,000

19,075

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Energy

–

10.4%

(continued)

Alliance

Resource

Operating

Partners

LP

/

Alliance

Resource

Finance

Corp.,

7.50%,

5/01/2025

a

5,000

3,270

American

Midstream

Partners

LP

/

American

Midstream

Finance

Corp.,

9.50%,

12/15/2021

a

20,000

18,419

Antero

Midstream

Partners

LP

/

Antero

Midstream

Finance

Corp.

5.38%,

9/15/2024

15,000

11,691

5.75%,

3/01/2027

a

25,000

18,661

5.75%,

1/15/2028

a

25,000

18,404

Antero

Resources

Corp.

5.38%,

11/01/2021

20,000

17,904

5.13%,

12/01/2022

b

30,000

20,959

Apergy

Corp.,

6.38%,

5/01/2026

10,000

8,201

Archrock

Partners

LP

/

Archrock

Partners

Finance

Corp.

6.88%,

4/01/2027

a

10,000

7,542

6.25%,

4/01/2028

a

20,000

15,077

Ascent

Resources

Utica

Holdings

LLC

/

ARU

Finance

Corp.,

10.00%,

4/01/2022

a

20,000

16,395

Baytex

Energy

Corp.,

5.63%,

6/01/2024

a

5,000

1,800

Blue

Racer

Midstream

LLC

/

Blue

Racer

Finance

Corp.

6.13%,

11/15/2022

a

25,000

20,699

6.63%,

7/15/2026

a

20,000

13,329

Buckeye

Partners

LP

4.15%,

7/01/2023

20,000

18,690

4.35%,

10/15/2024

15,000

13,840

4.13%,

3/01/2025

a

15,000

13,870

3.95%,

12/01/2026

16,000

14,455

4.50%,

3/01/2028

a

15,000

13,489

5.85%,

11/15/2043

6,000

4,332

5.60%,

10/15/2044

5,000

3,518

Calumet

Specialty

Products

Partners

LP

/

Calumet

Finance

Corp.,

11.00%,

4/15/2025

a

10,000

7,745

Cenovus

Energy,

Inc.

4.25%,

4/15/2027

21,000

16,513

5.25%,

6/15/2037

15,000

10,113

6.75%,

11/15/2039

25,000

17,762

5.40%,

6/15/2047

15,000

9,970

Centennial

Resource

Production

LLC,

6.88%,

4/01/2027

a

10,000

2,965

Cheniere

Energy

Partners

LP

5.25%,

10/01/2025

40,000

38,219

5.63%,

10/01/2026

21,000

20,174

Chesapeake

Energy

Corp.,

11.50%,

1/01/2025

a

45,000

1,350

CNX

Midstream

Partners

LP

/

CNX

Midstream

Finance

Corp.,

6.50%,

3/15/2026

a

20,000

16,587

CNX

Resources

Corp.

5.88%,

4/15/2022

30,000

29,823

7.25%,

3/14/2027

a

10,000

8,950

Comstock

Resources,

Inc.

7.50%,

5/15/2025

a

20,000

16,653

9.75%,

8/15/2026

15,000

12,963

57

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Energy

–

10.4%

(continued)

Continental

Resources,

Inc.

5.00%,

9/15/2022

35,000

32,822

4.50%,

4/15/2023

40,000

35,434

3.80%,

6/01/2024

20,000

16,666

4.38%,

1/15/2028

20,000

15,391

4.90%,

6/01/2044

15,000

10,419

Crestwood

Midstream

Partners

LP

/

Crestwood

Midstream

Finance

Corp.

6.25%,

4/01/2023

15,000

10,902

5.63%,

5/01/2027

a

25,000

16,134

CrownRock

LP

/

CrownRock

Finance,

Inc.,

5.63%,

10/15/2025

a

25,000

20,227

CSI

Compressco

LP

/

CSI

Compressco

Finance,

Inc.,

7.25%,

8/15/2022

12,000

3,900

CVR

Energy,

Inc.

5.25%,

2/15/2025

a

25,000

20,478

5.75%,

2/15/2028

a

10,000

8,448

DCP

Midstream

Operating

LP

5.13%,

5/15/2029

20,000

14,886

8.13%,

8/16/2030

15,000

11,749

6.45%,

11/03/2036

a

15,000

8,740

6.75%,

9/15/2037

a

15,000

8,885

5.60%,

4/01/2044

20,000

10,801

Denbury

Resources,

Inc.,

9.00%,

5/15/2021

a

10,000

1,770

Endeavor

Energy

Resources

LP

/

EER

Finance,

Inc.

5.50%,

1/30/2026

a

20,000

17,663

5.75%,

1/30/2028

a

30,000

26,747

Energy

Ventures

Gom

LLC

/

EnVen

Finance

Corp.,

11.00%,

2/15/2023

a

5,000

2,814

EnLink

Midstream

Partners

LP

4.40%,

4/01/2024

10,000

6,282

4.15%,

6/01/2025

15,000

9,324

4.85%,

7/15/2026

25,000

15,296

Ensign

Drilling,

Inc.,

9.25%,

4/15/2024

a

15,000

4,347

EQM

Midstream

Partners

LP

4.75%,

7/15/2023

55,000

51,978

4.00%,

8/01/2024

25,000

22,545

4.13%,

12/01/2026

30,000

25,574

5.50%,

7/15/2028

5,000

4,446

EQT

Corp.

4.88%,

11/15/2021

5,000

4,850

3.00%,

10/01/2022

b

15,000

14,153

6.13%,

2/01/2025

20,000

19,176

3.90%,

10/01/2027

25,000

21,017

7.00%,

2/01/2030

20,000

18,790

FTS

International,

Inc.,

6.25%,

5/01/2022

12,000

2,968

Genesis

Energy

LP

/

Genesis

Energy

Finance

Corp.

5.63%,

6/15/2024

13,000

11,030

6.50%,

10/01/2025

13,000

10,985

6.25%,

5/15/2026

5,000

4,174

7.75%,

2/01/2028

39,000

33,258

Global

Marine,

Inc.,

7.00%,

6/01/2028

6,000

1,528

Global

Partners

LP

/

GLP

Finance

Corp.

7.00%,

6/15/2023

7,000

5,917

7.00%,

8/01/2027

10,000

8,043

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Energy

–

10.4%

(continued)

Gulfport

Energy

Corp.

6.38%,

5/15/2025

10,000

4,734

6.38%,

1/15/2026

10,000

4,599

Hess

Midstream

Operations

LP,

5.63%,

2/15/2026

a

25,000

23,244

HighPoint

Operating

Corp.

7.00%,

10/15/2022

6,000

1,776

8.75%,

6/15/2025

10,000

2,915

Hilcorp

Energy

I

LP

/

Hilcorp

Finance

Co.

5.00%,

12/01/2024

a

10,000

5,621

5.75%,

10/01/2025

a

10,000

5,523

6.25%,

11/01/2028

a

25,000

12,967

Holly

Energy

Partners

LP

/

Holly

Energy

Finance

Corp.,

5.00%,

2/01/2028

a

25,000

22,686

Indigo

Natural

Resources

LLC,

6.88%,

2/15/2026

a

15,000

13,930

Laredo

Petroleum,

Inc.,

10.13%,

1/15/2028

5,000

2,039

Magnolia

Oil

&

Gas

Operating

LLC

/

Magnolia

Oil

&

Gas

Finance

Corp.,

6.00%,

8/01/2026

a

20,000

16,122

Matador

Resources

Co.,

5.88%,

9/15/2026

20,000

10,067

MEG

Energy

Corp.

6.50%,

1/15/2025

a

10,000

8,184

7.13%,

2/01/2027

a

35,000

24,050

Moss

Creek

Resources

Holdings,

Inc.,

10.50%,

5/15/2027

a

10,000

3,707

Murphy

Oil

Corp.

4.45%,

12/01/2022

5,000

3,992

6.88%,

8/15/2024

10,000

7,140

5.75%,

8/15/2025

12,000

8,240

Nabors

Industries,

Inc.

4.63%,

9/15/2021

5,000

3,181

5.75%,

2/01/2025

15,000

3,420

Natural

Resource

Partners

LP

/

NRP

Finance

Corp.,

9.13%,

6/30/2025

a

7,000

5,887

NGL

Energy

Partners

LP

/

NGL

Energy

Finance

Corp.

7.50%,

11/01/2023

10,000

6,775

7.50%,

4/15/2026

10,000

6,499

Noble

Holding

International

Ltd.,

7.88%,

2/01/2026

a

15,000

3,488

NuStar

Logistics

LP

4.75%,

2/01/2022

12,000

11,055

6.00%,

6/01/2026

20,000

18,054

5.63%,

4/28/2027

20,000

18,000

58

STATEMENT

OF

INVESTMENTS

(continued)

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Energy

–

10.4%

(continued)

Occidental

Petroleum

Corp.

2.60%,

8/13/2021

45,000

42,118

3.13%,

2/15/2022

30,000

27,288

2.70%,

8/15/2022

50,000

43,471

2.70%,

2/15/2023

b

35,000

30,048

6.95%,

7/01/2024

25,000

21,467

2.90%,

8/15/2024

b

75,000

56,253

3.50%,

6/15/2025

30,000

21,625

3.40%,

4/15/2026

35,000

25,090

3.00%,

2/15/2027

30,000

20,656

7.50%,

5/01/2031

30,000

23,003

7.88%,

9/15/2031

15,000

11,486

6.45%,

9/15/2036

50,000

36,910

7.95%,

6/15/2039

13,000

9,873

4.30%,

8/15/2039

30,000

18,959

6.60%,

3/15/2046

35,000

25,895

4.40%,

4/15/2046

40,000

24,416

4.20%,

3/15/2048

35,000

21,139

Pacific

Drilling

SA,

8.38%,

10/01/2023

a

15,000

3,297

Par

Petroleum

LLC

/

Par

Petroleum

Finance

Corp.,

7.75%,

12/15/2025

a

15,000

10,559

Parkland

Fuel

Corp.,

5.88%,

7/15/2027

a

20,000

19,277

Parsley

Energy

LLC

/

Parsley

Finance

Corp.

5.38%,

1/15/2025

a

20,000

18,072

5.25%,

8/15/2025

a

15,000

13,228

4.13%,

2/15/2028

a

15,000

12,171

Pattern

Energy

Group,

Inc.,

5.88%,

2/01/2024

a

17,000

17,176

Patterson-UTI

Energy,

Inc.,

5.15%,

11/15/2029

16,000

10,606

PBF

Holding

Co

LLC

/

PBF

Finance

Corp.

7.25%,

6/15/2025

25,000

18,959

6.00%,

2/15/2028

a

30,000

21,364

PBF

Logistics

LP

/

PBF

Logistics

Finance

Corp.,

6.88%,

5/15/2023

10,000

7,572

PDC

Energy,

Inc.,

5.75%,

5/15/2026

6,000

4,636

Precision

Drilling

Corp.,

5.25%,

11/15/2024

25,000

9,413

QEP

Resources,

Inc.

5.25%,

5/01/2023

15,000

5,025

5.63%,

3/01/2026

10,000

3,147

Range

Resources

Corp.

5.00%,

8/15/2022

10,000

9,263

5.00%,

3/15/2023

b

15,000

13,402

4.88%,

5/15/2025

b

15,000

11,620

Rockies

Express

Pipeline

LLC

3.60%,

5/15/2025

a

25,000

22,587

4.95%,

7/15/2029

a

25,000

22,148

4.80%,

5/15/2030

a

20,000

17,119

6.88%,

4/15/2040

a

25,000

21,986

Seven

Generations

Energy

Ltd.

6.75%,

5/01/2023

a

15,000

13,617

6.88%,

6/30/2023

a

15,000

13,554

SM

Energy

Co.

6.75%,

9/15/2026

10,000

2,714

6.63%,

1/15/2027

10,000

2,730

Southwestern

Energy

Co.

6.20%,

1/23/2025

6,000

5,320

7.50%,

4/01/2026

7,000

6,278

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Energy

–

10.4%

(continued)

Sunoco

LP

/

Sunoco

Finance

Corp.

4.88%,

1/15/2023

5,000

4,894

5.50%,

2/15/2026

20,000

19,200

5.88%,

3/15/2028

16,000

15,233

Tallgrass

Energy

Partners

LP

/

Tallgrass

Energy

Finance

Corp.

6.00%,

3/01/2027

a

20,000

13,159

5.50%,

1/15/2028

a

30,000

20,280

Targa

Resources

Partners

LP

/

Targa

Resources

Partners

Finance

Corp.

5.25%,

5/01/2023

25,000

23,747

4.25%,

11/15/2023

20,000

18,177

5.13%,

2/01/2025

20,000

17,969

5.88%,

4/15/2026

30,000

26,932

5.38%,

2/01/2027

20,000

17,004

Teine

Energy

Ltd.,

6.88%,

9/30/2022

a

5,000

4,803

TerraForm

Power

Operating

LLC

5.00%,

1/31/2028

a

5,000

5,240

4.75%,

1/15/2030

a

17,000

17,448

TransMontaigne

Partners

LP

/

TLP

Finance

Corp.,

6.13%,

2/15/2026

16,000

12,737

Transocean,

Inc.

7.25%,

11/01/2025

a

15,000

5,686

7.50%,

4/15/2031

10,000

2,148

6.80%,

3/15/2038

20,000

4,233

USA

Compression

Partners

LP

/

USA

Compression

Finance

Corp.

6.88%,

4/01/2026

12,000

9,894

6.88%,

9/01/2027

15,000

12,292

Vantage

Drilling

International,

9.25%,

11/15/2023

a

5,000

2,628

Viper

Energy

Partners

LP,

5.38%,

11/01/2027

a

10,000

8,885

W&T

Offshore,

Inc.,

9.75%,

11/01/2023

a

15,000

4,937

Weatherford

International

Ltd.,

11.00%,

12/01/2024

a

35,000

25,927

Western

Midstream

Operating

LP

4.00%,

7/01/2022

20,000

19,496

3.10%,

2/01/2025

27,000

24,619

4.65%,

7/01/2026

17,000

15,151

4.75%,

8/15/2028

15,000

13,200

4.05%,

2/01/2030

b

35,000

31,937

5.30%,

3/01/2048

25,000

18,809

5.25%,

2/01/2050

30,000

23,588

WPX

Energy,

Inc.

8.25%,

8/01/2023

7,000

6,680

5.25%,

9/15/2024

11,000

9,884

5.25%,

10/15/2027

10,000

8,706

4.50%,

1/15/2030

10,000

8,194

2,622,113

Financial

–

8.5%

Acrisure

LLC

/

Acrisure

Finance,

Inc.

8.13%,

2/15/2024

a

25,000

25,738

7.00%,

11/15/2025

a

25,000

22,431

10.13%,

8/01/2026

a

15,000

15,066

AG

Issuer

LLC,

6.25%,

3/01/2028

a

20,000

17,590

Alliant

Holdings

Intermediate

LLC

/

Alliant

Holdings

Co.-Issuer,

6.75%,

10/15/2027

a

20,000

19,949

Ally

Financial,

Inc.,

5.75%,

11/20/2025

27,000

27,662

AmWINS

Group,

Inc.,

7.75%,

7/01/2026

a

20,000

20,640

59

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Financial

–

8.5%

(continued)

Apollo

Investment

Corp.,

5.25%,

3/03/2025

5,000

4,043

Ardonagh

Midco

3

PLC,

8.63%,

7/15/2023

a

23,000

21,160

Brookfield

Property

REIT,

Inc.

/

BPR

Cumulus

LLC

/

BPR

Nimbus

LLC

/

GGSI

Sellco

LLC,

5.75%,

5/15/2026

a

30,000

23,991

CIT

Group,

Inc.

5.00%,

8/15/2022

35,000

35,034

5.00%,

8/01/2023

16,000

15,654

4.75%,

2/16/2024

13,000

12,546

6.13%,

3/09/2028

20,000

20,785

Compass

Group

Diversified

Holdings

LLC,

8.00%,

5/01/2026

a

10,000

10,501

CoreCivic,

Inc.

4.63%,

5/01/2023

13,000

12,406

4.75%,

10/15/2027

10,000

8,344

Credit

Acceptance

Corp.

5.13%,

12/31/2024

a

23,000

20,208

6.63%,

3/15/2026

12,000

10,800

Curo

Group

Holdings

Corp.,

8.25%,

9/01/2025

a

21,000

16,934

Deutsche

Bank

AG,

4.50%,

4/01/2025

50,000

47,269

Diversified

Healthcare

Trust,

4.75%,

2/15/2028

5,000

4,303

Dresdner

Funding

Trust

I,

8.15%,

6/30/2031

a

50,000

63,523

Enova

International,

Inc.

8.50%,

9/01/2024

a

13,000

11,381

8.50%,

9/15/2025

a

12,000

10,770

ESH

Hospitality,

Inc.,

5.25%,

5/01/2025

a

30,000

28,193

Fairstone

Financial,

Inc.,

7.88%,

7/15/2024

a

15,000

14,172

FelCor

Lodging

LP,

6.00%,

6/01/2025

15,000

14,252

Fidelity

&

Guaranty

Life

Holdings,

Inc.,

5.50%,

5/01/2025

a

20,000

21,113

Five

Point

Operating

Co.

LP

/

Five

Point

Capital

Corp.,

7.88%,

11/15/2025

a

12,000

11,601

Freedom

Mortgage

Corp.

10.75%,

4/01/2024

a

15,000

13,905

8.13%,

11/15/2024

a

15,000

12,288

FS

Energy

&

Power

Fund,

7.50%,

8/15/2023

a

17,000

11,064

Genworth

Holdings,

Inc.,

7.63%,

9/24/2021

15,000

14,236

GEO

Group,

Inc.

(The)

5.88%,

1/15/2022

10,000

9,298

5.13%,

4/01/2023

5,000

4,177

Global

Aircraft

Leasing

Co.

Ltd.,

6.50%,

9/15/2024

a

50,000

30,187

Goeasy

Ltd.,

5.38%,

12/01/2024

a

20,000

17,881

Greystar

Real

Estate

Partners

LLC,

5.75%,

12/01/2025

a

20,000

18,178

GTCR

AP

Finance,

Inc.,

8.00%,

5/15/2027

a

15,000

14,172

HAT

Holdings

I

LLC

/

HAT

Holdings

II

LLC,

5.25%,

7/15/2024

a

20,000

19,900

HUB

International

Ltd.,

7.00%,

5/01/2026

a

35,000

34,844

Icahn

Enterprises

LP

/

Icahn

Enterprises

Finance

Corp.

6.75%,

2/01/2024

10,000

10,005

4.75%,

9/15/2024

5,000

4,740

6.25%,

5/15/2026

15,000

14,722

Intesa

Sanpaolo

SpA

5.02%,

6/26/2024

a

26,000

26,230

5.71%,

1/15/2026

a

35,000

35,786

Iron

Mountain

US

Holdings,

Inc.,

5.38%,

6/01/2026

a

8,000

7,979

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Financial

–

8.5%

(continued)

Iron

Mountain,

Inc.

5.75%,

8/15/2024

35,000

34,534

4.88%,

9/15/2027

a

11,000

10,777

4.88%,

9/15/2029

a

41,000

39,252

iStar,

Inc.

5.25%,

9/15/2022

20,000

18,211

4.25%,

8/01/2025

22,000

17,830

Kennedy-Wilson,

Inc.,

5.88%,

4/01/2024

45,000

43,014

Ladder

Capital

Finance

Holdings

LLLP

/

Ladder

Capital

Finance

Corp.

5.88%,

8/01/2021

a

5,000

4,472

5.25%,

3/15/2022

a

19,000

15,768

5.25%,

10/01/2025

a

15,000

10,912

LPL

Holdings,

Inc.

5.75%,

9/15/2025

a

30,000

29,638

4.63%,

11/15/2027

a

31,000

29,444

Mack-Cali

Realty

LP,

4.50%,

4/18/2022

5,000

4,233

MGIC

Investment

Corp.,

5.75%,

8/15/2023

13,000

12,981

MGM

Growth

Properties

Operating

Partnership

LP

/

MGP

Finance

Co.-Issuer,

Inc.

5.63%,

5/01/2024

19,000

19,304

4.50%,

9/01/2026

20,000

19,372

5.75%,

2/01/2027

25,000

25,330

MPT

Operating

Partnership

LP

/

MPT

Finance

Corp.

5.50%,

5/01/2024

12,000

12,105

5.25%,

8/01/2026

8,000

8,092

5.00%,

10/15/2027

31,000

31,612

4.63%,

8/01/2029

20,000

19,878

Nationstar

Mortgage

Holdings,

Inc.

8.13%,

7/15/2023

a

30,000

28,804

9.13%,

7/15/2026

a

25,000

23,970

6.00%,

1/15/2027

a

20,000

17,199

Navient

Corp.

7.25%,

1/25/2022

21,000

20,606

6.50%,

6/15/2022

15,000

14,532

5.50%,

1/25/2023

29,000

27,097

6.13%,

3/25/2024

8,000

7,401

5.88%,

10/25/2024

23,000

21,226

5.63%,

8/01/2033

13,000

9,944

Newmark

Group,

Inc.,

6.13%,

11/15/2023

11,000

10,150

NFP

Corp.,

8.00%,

7/15/2025

a

12,000

11,431

Ocwen

Loan

Servicing

LLC,

8.38%,

11/15/2022

a

5,000

3,783

Oxford

Finance

LLC

/

Oxford

Finance

Co.-Issuer

II,

Inc.,

6.38%,

12/15/2022

a

15,000

14,550

Quicken

Loans,

Inc.

5.75%,

5/01/2025

a

30,000

29,429

5.25%,

1/15/2028

a

30,000

29,375

Radian

Group,

Inc.,

4.50%,

10/01/2024

10,000

9,489

RBS

Capital

Trust

II,

6.43%

e

13,000

17,690

Realogy

Group

LLC

/

Realogy

Co.-Issuer

Corp.

4.88%,

6/01/2023

a

7,000

5,323

9.38%,

4/01/2027

a

10,000

6,992

Royal

Bank

of

Scotland

Group

PLC,

7.65%

e

15,000

20,670

Ryman

Hospitality

Properties,

Inc.,

4.75%,

10/15/2027

a

15,000

13,111

SBA

Communications

Corp.,

3.88%,

2/15/2027

a

30,000

30,619

SLM

Corp.,

5.13%,

4/05/2022

11,000

9,960

60

STATEMENT

OF

INVESTMENTS

(continued)

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Financial

–

8.5%

(continued)

Springleaf

Finance

Corp.

7.75%,

10/01/2021

28,000

27,775

6.13%,

5/15/2022

32,000

31,602

8.25%,

10/01/2023

6,000

5,853

6.13%,

3/15/2024

46,000

43,095

6.88%,

3/15/2025

21,000

19,854

6.63%,

1/15/2028

20,000

17,649

5.38%,

11/15/2029

17,000

14,229

Starwood

Property

Trust,

Inc.,

4.75%,

3/15/2025

8,000

6,851

Synovus

Financial

Corp.,

5.90%,

2/07/2029

16,000

15,183

TMX

Finance

LLC

/

TitleMax

Finance

Corp.,

11.13%,

4/01/2023

a

20,000

15,048

UniCredit

SpA,

7.30%,

4/02/2034

a

25,000

27,283

Uniti

Group

LP

/

Uniti

Fiber

Holdings,

Inc.

/

CSL

Capital

LLC

7.13%,

12/15/2024

a

10,000

7,748

7.88%,

2/15/2025

a

60,000

57,650

Uniti

Group

LP

/

Uniti

Group

Finance,

Inc.

/

CSL

Capital

LLC

6.00%,

4/15/2023

a

25,000

23,398

8.25%,

10/15/2023

20,000

16,619

VICI

Properties

LP

/

VICI

Note

Co.,

Inc.

3.50%,

2/15/2025

a

30,000

28,421

4.25%,

12/01/2026

a

40,000

37,444

3.75%,

2/15/2027

a

30,000

27,880

4.13%,

8/15/2030

a

20,000

18,204

Washington

Prime

Group

LP,

6.45%,

8/15/2024

25,000

13,455

WeWork

Cos.,

Inc.,

7.88%,

5/01/2025

a

15,000

6,243

2,139,245

Industrial

–

9.2%

Advanced

Drainage

Systems,

Inc.,

5.00%,

9/30/2027

a

15,000

14,828

AECOM,

5.13%,

3/15/2027

13,000

13,234

Amsted

Industries,

Inc.

5.63%,

7/01/2027

a

15,000

15,151

4.63%,

5/15/2030

a

15,000

13,925

Apex

Tool

Group

LLC

/

BC

Mountain

Finance,

Inc.,

9.00%,

2/15/2023

a

20,000

12,595

Ardagh

Packaging

Finance

PLC

/

Ardagh

Holdings

USA,

Inc.,

6.00%,

2/15/2025

a

52,000

52,097

Ball

Corp.

5.00%,

3/15/2022

25,000

25,912

4.00%,

11/15/2023

30,000

31,021

5.25%,

7/01/2025

30,000

33,167

4.88%,

3/15/2026

25,000

26,869

Berry

Global,

Inc.,

4.88%,

7/15/2026

a

30,000

30,680

BMC

East

LLC,

5.50%,

10/01/2024

a

10,000

9,577

Boise

Cascade

Co.,

5.63%,

9/01/2024

a

12,000

11,971

Bombardier,

Inc.

8.75%,

12/01/2021

a

19,000

15,826

6.00%,

10/15/2022

a

19,000

14,254

6.13%,

1/15/2023

a

13,000

9,280

7.50%,

12/01/2024

a

37,000

24,801

7.88%,

4/15/2027

a

29,000

19,103

Brand

Industrial

Services,

Inc.,

8.50%,

7/15/2025

a

20,000

15,049

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Industrial

–

9.2%

(continued)

Builders

FirstSource,

Inc.

6.75%,

6/01/2027

a

17,000

17,535

5.00%,

3/01/2030

a

25,000

21,586

Cargo

Aircraft

Management,

Inc.,

4.75%,

2/01/2028

a

25,000

23,242

Cascades,

Inc./Cascades

USA,

Inc.,

5.38%,

1/15/2028

a

15,000

15,172

Clean

Harbors,

Inc.

4.88%,

7/15/2027

a

16,000

16,540

5.13%,

7/15/2029

a

8,000

8,145

Cleaver-Brooks,

Inc.,

7.88%,

3/01/2023

a

15,000

12,356

Colfax

Corp.

6.00%,

2/15/2024

a

20,000

20,313

6.38%,

2/15/2026

a

10,000

10,336

Cornerstone

Building

Brands,

Inc.,

8.00%,

4/15/2026

a

20,000

17,004

Covanta

Holding

Corp.

5.88%,

3/01/2024

13,000

12,869

5.88%,

7/01/2025

15,000

14,511

6.00%,

1/01/2027

11,000

10,560

CPG

Merger

Sub

LLC,

8.00%,

10/01/2021

a

10,000

9,846

Crown

Americas

LLC

/

Crown

Americas

Capital

Corp.

IV,

4.50%,

1/15/2023

30,000

30,740

Crown

Cork

&

Seal

Co.,

Inc.,

7.38%,

12/15/2026

10,000

10,952

Energizer

Holdings,

Inc.

5.50%,

6/15/2025

a

16,000

16,293

6.38%,

7/15/2026

a

20,000

20,815

7.75%,

1/15/2027

a

13,000

13,814

EnerSys

5.00%,

4/30/2023

a

6,000

5,930

4.38%,

12/15/2027

a

8,000

7,745

EnPro

Industries,

Inc.,

5.75%,

10/15/2026

10,000

9,748

Flex

Acquisition

Co.,

Inc.

6.88%,

1/15/2025

a

20,000

19,408

7.88%,

7/15/2026

a

20,000

19,358

Fly

Leasing

Ltd.,

5.25%,

10/15/2024

15,000

12,282

Fortress

Transportation

&

Infrastructure

Investors

LLC

6.75%,

3/15/2022

a

20,000

18,056

6.50%,

10/01/2025

a

10,000

8,211

Foxtrot

Escrow

Issuer

LLC

/

Foxtrot

Escrow

Corp.,

12.25%,

11/15/2026

a

25,000

20,624

Frontdoor,

Inc.,

6.75%,

8/15/2026

a

15,000

15,401

FXI

Holdings,

Inc.,

7.88%,

11/01/2024

a

20,000

14,571

Gates

Global

LLC

/

Gates

Corp.,

6.25%,

1/15/2026

a

25,000

22,732

Graphic

Packaging

International

LLC

4.88%,

11/15/2022

5,000

5,050

4.13%,

8/15/2024

10,000

10,102

4.75%,

7/15/2027

a

13,000

13,441

3.50%,

3/15/2028

a

11,000

10,508

Greif,

Inc.,

6.50%,

3/01/2027

a

25,000

25,167

Grinding

Media,

Inc.

/

Moly-Cop

AltaSteel

Ltd.,

7.38%,

12/15/2023

a

25,000

24,705

Harsco

Corp.,

5.75%,

7/31/2027

a

10,000

9,489

Hillenbrand,

Inc.,

4.50%,

9/15/2026

15,000

13,736

Hillman

Group,

Inc.

(The),

6.38%,

7/15/2022

a

13,000

10,024

Husky

III

Holding

Ltd.,

13.00%,

2/15/2025

a,d

20,000

17,805

Ingram

Micro,

Inc.,

5.00%,

8/10/2022

20,000

18,856

61

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Industrial

–

9.2%

(continued)

JELD-WEN,

Inc.

4.63%,

12/15/2025

a

5,000

4,499

4.88%,

12/15/2027

a

21,000

18,517

Kenan

Advantage

Group,

Inc.

(The),

7.88%,

7/31/2023

a

20,000

16,720

Koppers,

Inc.,

6.00%,

2/15/2025

a

10,000

8,179

Kratos

Defense

&

Security

Solutions,

Inc.,

6.50%,

11/30/2025

a

12,000

11,843

LABL

Escrow

Issuer

LLC

6.75%,

7/15/2026

a

25,000

25,826

10.50%,

7/15/2027

a

20,000

19,858

Louisiana-Pacific

Corp.,

4.88%,

9/15/2024

21,000

20,557

LSB

Industries,

Inc.,

9.63%,

5/01/2023

a

11,000

10,253

Manitowoc

Co.,

Inc.

(The),

9.00%,

4/01/2026

a

6,000

5,439

Masonite

International

Corp.

5.75%,

9/15/2026

a

6,000

5,852

5.38%,

2/01/2028

a

13,000

12,467

MasTec,

Inc.,

4.88%,

3/15/2023

11,000

10,833

Matthews

International

Corp.,

5.25%,

12/01/2025

a

8,000

7,275

Mauser

Packaging

Solutions

Holding

Co.

5.50%,

4/15/2024

a

38,000

35,075

7.25%,

4/15/2025

a

35,000

27,348

Maxim

Crane

Works

Holdings

Capital

LLC,

10.13%,

8/01/2024

a

20,000

18,854

Moog,

Inc.,

4.25%,

12/15/2027

a

22,000

20,705

New

Enterprise

Stone

&

Lime

Co.,

Inc.

10.13%,

4/01/2022

a

16,000

15,887

6.25%,

3/15/2026

a

15,000

14,103

Norbord,

Inc.,

6.25%,

4/15/2023

a

6,000

5,928

Owens-Brockway

Glass

Container,

Inc.

5.00%,

1/15/2022

a

20,000

20,219

5.88%,

8/15/2023

a

20,000

20,381

6.38%,

8/15/2025

a

10,000

10,199

Pactiv

LLC,

7.95%,

12/15/2025

11,000

11,477

Park-Ohio

Industries,

Inc.,

6.63%,

4/15/2027

10,000

7,667

Plastipak

Holdings,

Inc.,

6.25%,

10/15/2025

a

20,000

18,044

RBS

Global,

Inc.

/

Rexnord

LLC,

4.88%,

12/15/2025

a

25,000

24,459

Sealed

Air

Corp.

5.25%,

4/01/2023

a

10,000

10,428

5.13%,

12/01/2024

a

15,000

15,784

5.50%,

9/15/2025

a

15,000

15,922

6.88%,

7/15/2033

a

13,000

14,186

Sensata

Technologies

BV

4.88%,

10/15/2023

a

20,000

20,294

5.63%,

11/01/2024

a

25,000

25,439

5.00%,

10/01/2025

a

15,000

14,966

Sensata

Technologies,

Inc.,

4.38%,

2/15/2030

a

11,000

10,826

Signature

Aviation

US

Holdings,

Inc.

5.38%,

5/01/2026

a

20,000

18,458

4.00%,

3/01/2028

a

15,000

12,947

Spirit

AeroSystems,

Inc.

3.95%,

6/15/2023

7,000

6,051

4.60%,

6/15/2028

22,000

17,711

SPX

FLOW,

Inc.

5.63%,

8/15/2024

a

7,000

7,054

5.88%,

8/15/2026

a

12,000

12,211

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Industrial

–

9.2%

(continued)

SSL

Robotics

LLC,

9.75%,

12/31/2023

a

30,000

31,855

Standard

Industries,

Inc.

6.00%,

10/15/2025

a

30,000

30,952

4.75%,

1/15/2028

a

30,000

29,586

Stericycle,

Inc.,

5.38%,

7/15/2024

a

20,000

20,044

Stevens

Holding

Co.,

Inc.,

6.13%,

10/01/2026

a

15,000

15,033

Summit

Materials

LLC

/

Summit

Materials

Finance

Corp.,

5.13%,

6/01/2025

a

15,000

14,595

Teekay

Corp.,

9.25%,

11/15/2022

a

15,000

14,477

Teekay

Offshore

Partners

LP/Teekay

Offshore

Finance

Corp.,

8.50%,

7/15/2023

a

20,000

17,950

TopBuild

Corp.,

5.63%,

5/01/2026

a

8,000

7,915

TransDigm,

Inc.

6.50%,

7/15/2024

25,000

23,116

6.50%,

5/15/2025

15,000

13,710

6.25%,

3/15/2026

a

80,000

78,625

6.38%,

6/15/2026

35,000

30,144

7.50%,

3/15/2027

10,000

9,110

5.50%,

11/15/2027

a

55,000

46,411

Trident

TPI

Holdings,

Inc.,

9.25%,

8/01/2024

a

15,000

13,125

TriMas

Corp.,

4.88%,

10/15/2025

a

7,000

6,852

Trinity

Industries,

Inc.,

4.55%,

10/01/2024

20,000

18,405

Triumph

Group,

Inc.,

7.75%,

8/15/2025

8,000

5,188

TTM

Technologies,

Inc.,

5.63%,

10/01/2025

a

7,000

6,686

Tutor

Perini

Corp.,

6.88%,

5/01/2025

a

10,000

7,870

US

Concrete,

Inc.,

6.38%,

6/01/2024

12,000

11,325

Waste

Pro

USA,

Inc.,

5.50%,

2/15/2026

a

17,000

16,948

Watco

Cos.

LLC

/

Watco

Finance

Corp.,

6.38%,

4/01/2023

a

15,000

14,522

Weekley

Homes

LLC

/

Weekley

Finance

Corp.,

6.00%,

2/01/2023

10,000

9,202

Welbilt,

Inc.,

9.50%,

2/15/2024

20,000

16,608

Werner

FinCo

LP

/

Werner

FinCo,

Inc.,

8.75%,

7/15/2025

a,b

15,000

12,852

WESCO

Distribution,

Inc.

5.38%,

12/15/2021

35,000

34,483

5.38%,

6/15/2024

25,000

23,098

XPO

CNW,

Inc.,

6.70%,

5/01/2034

5,000

4,755

XPO

Logistics,

Inc.

6.13%,

9/01/2023

a

15,000

15,183

6.75%,

8/15/2024

a

48,000

49,496

Zekelman

Industries,

Inc.,

9.88%,

6/15/2023

a

16,000

15,881

2,321,661

Technology

–

4.3%

Advanced

Micro

Devices,

Inc.,

7.50%,

8/15/2022

7,000

7,640

Ascend

Learning

LLC,

6.88%,

8/01/2025

a

15,000

14,836

Banff

Merger

Sub,

Inc.,

9.75%,

9/01/2026

a

45,000

40,375

Blackboard,

Inc.,

10.38%,

11/15/2024

a

18,000

16,921

Booz

Allen

Hamilton,

Inc.,

5.13%,

5/01/2025

a

7,000

6,975

Camelot

Finance

SA,

4.50%,

11/01/2026

a

20,000

19,978

Castle

US

Holding

Corp.,

9.50%,

2/15/2028

a

20,000

18,752

CDK

Global,

Inc.

5.00%,

10/15/2024

20,000

20,803

5.25%,

5/15/2029

a

20,000

20,389

CDW

LLC

/

CDW

Finance

Corp.

5.50%,

12/01/2024

17,000

18,247

4.25%,

4/01/2028

20,000

20,121

62

STATEMENT

OF

INVESTMENTS

(continued)

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Technology

–

4.3%

(continued)

Change

Healthcare

Holdings

LLC

/

Change

Healthcare

Finance,

Inc.,

5.75%,

3/01/2025

a

40,000

39,560

Dell,

Inc.,

6.50%,

4/15/2038

7,000

7,194

Diebold

Nixdorf,

Inc.,

8.50%,

4/15/2024

5,000

3,312

Dun

&

Bradstreet

Corp.

(The)

6.88%,

8/15/2026

a

20,000

21,120

10.25%,

2/15/2027

a

27,000

29,556

EMC

Corp.,

3.38%,

6/01/2023

32,000

31,814

Entegris,

Inc.,

4.63%,

2/10/2026

a

16,000

16,135

Exela

Intermediate

LLC

/

Exela

Finance,

Inc.,

10.00%,

7/15/2023

a

20,000

3,954

Genesys

Telecommunications

Laboratories,

Inc./Greeneden

Lux

3

Sarl/Greeneden

US

Ho,

10.00%,

11/30/2024

a

20,000

21,048

Granite

Merger

Sub

2,

Inc.,

11.00%,

7/15/2027

a

20,000

19,417

MSCI,

Inc.

4.75%,

8/01/2026

a

20,000

20,900

5.38%,

5/15/2027

a

20,000

21,584

4.00%,

11/15/2029

a

30,000

31,349

3.63%,

9/01/2030

a

12,000

12,129

MTS

Systems

Corp.,

5.75%,

8/15/2027

a

15,000

14,088

NCR

Corp.,

6.13%,

9/01/2029

a

11,000

10,982

Nuance

Communications,

Inc.,

5.63%,

12/15/2026

25,000

26,386

Open

Text

Corp.,

3.88%,

2/15/2028

a

30,000

29,290

Open

Text

Holdings,

Inc.,

4.13%,

2/15/2030

a

30,000

29,190

Pitney

Bowes,

Inc.

5.70%,

4/01/2023

10,000

8,156

4.63%,

3/15/2024

5,000

3,767

Presidio

Holdings,

Inc.

4.88%,

2/01/2027

a

15,000

14,735

8.25%,

2/01/2028

a

15,000

14,751

PTC,

Inc.

3.63%,

2/15/2025

a

25,000

24,645

4.00%,

2/15/2028

a

27,000

26,443

Qorvo,

Inc.

5.50%,

7/15/2026

30,000

31,484

4.38%,

10/15/2029

a

25,000

24,946

Rackspace

Hosting,

Inc.,

8.63%,

11/15/2024

a

30,000

29,638

Solera

LLC

/

Solera

Finance,

Inc.,

10.50%,

3/01/2024

a

50,000

49,744

SS&C

Technologies,

Inc.,

5.50%,

9/30/2027

a

50,000

51,341

Tempo

Acquisition

LLC

/

Tempo

Acquisition

Finance

Corp.,

6.75%,

6/01/2025

a

25,000

24,227

Vericast

Corp.,

8.38%,

8/15/2022

a

15,000

10,900

Western

Digital

Corp.,

4.75%,

2/15/2026

45,000

45,961

Xerox

Corp.

4.50%,

5/15/2021

47,000

47,061

4.13%,

3/15/2023

41,000

40,766

3.80%,

5/15/2024

23,000

22,421

4.80%,

3/01/2035

8,000

6,818

6.75%,

12/15/2039

6,000

5,795

1,077,644

Utilities

–

2.1%

AES

Corp.

(The),

6.00%,

5/15/2026

25,000

26,264

AmeriGas

Partners

LP

/

AmeriGas

Finance

Corp.

5.63%,

5/20/2024

27,000

27,526

5.75%,

5/20/2027

15,000

15,275

BNY

Mellon

High

Yield

Beta

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

97.5%

(continued)

Utilities

–

2.1%

(continued)

Calpine

Corp.

5.50%,

2/01/2024

11,000

11,007

5.25%,

6/01/2026

a

39,000

39,820

4.50%,

2/15/2028

a

6,000

5,824

5.13%,

3/15/2028

a

40,000

38,998

DPL,

Inc.

7.25%,

10/15/2021

10,000

10,193

4.35%,

4/15/2029

a

27,000

26,347

NextEra

Energy

Operating

Partners

LP

4.25%,

9/15/2024

a

15,000

15,278

3.88%,

10/15/2026

a

22,000

21,850

4.50%,

9/15/2027

a

10,000

10,256

NRG

Energy,

Inc.

7.25%,

5/15/2026

30,000

32,258

6.63%,

1/15/2027

35,000

37,363

5.75%,

1/15/2028

30,000

32,376

5.25%,

6/15/2029

a

25,000

26,740

Rockpoint

Gas

Storage

Canada

Ltd.,

7.00%,

3/31/2023

a

20,000

15,448

Talen

Energy

Supply

LLC

6.50%,

6/01/2025

20,000

13,804

10.50%,

1/15/2026

a

20,000

16,479

Terraform

Global

Operating

LLC,

6.13%,

3/01/2026

a

15,000

14,900

TransAlta

Corp.

4.50%,

11/15/2022

10,000

9,721

6.50%,

3/15/2040

10,000

8,703

Vistra

Energy

Corp.,

5.88%,

6/01/2023

7,000

7,060

Vistra

Operations

Co.

LLC

5.50%,

9/01/2026

a

8,000

8,288

5.63%,

2/15/2027

a

31,000

32,666

5.00%,

7/31/2027

a

30,000

30,630

535,074

Total

Corporate

Bonds

(cost

$24,573,017)

24,527,321

Investment

Companies

–

0.6%

Shares

Registered

Investment

Companies

–

0.6%

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares,

0.20%

f,g

(cost

$151,042)

151,042

151,042

Investment

of

Cash

Collateral

for

Securities

Loaned

–

1.2%

Registered

Investment

Companies

–

1.2%

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares,

0.20%

f,g

(cost

$293,830)

293,830

293,830

Total

Investments

(cost

$25,017,889)

99.3%

24,972,193

Cash

and

Receivables

(Net)

0.7%

172,814

Net

Assets

100.0%

25,145,007

REIT—Real

Estate

Investment

Trust

63

a

Security

exempt

from

registration

pursuant

to

Rule

144A

under

the

Securities

Act

of

1933.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

At

April

30,

2020,

these

securities

were

valued

at

$13,684,881

or

54.42%

of

net

asset.

b

Security,

or

portion

thereof,

on

loan.

At

April

30,

2020,

the

value

of

the

fund’s

securities

on

loan

was

$327,821

and

the

value

of

the

collateral

was

$336,280,

consisting

of

cash

collateral

of

$293,830

and

U.S.

Government

&

Agency

securities

valued

at

$42,450.

c

Defaulted

security.

Currently,

the

issuer

is

in

default

with

respect

to

principal

and/or

interest

payments.

The

aggregate

value

of

these

securities

at

April

30,

2020

was

$36,592,

which

represented

0.15%

of

the

Fund’s

Net

Assets.

d

All

of

a

portion

of

this

secuirty

is

Pay-in-Kind.

Pay-in-Kind

securities

pay

interest

income

in

the

form

of

securities.

e

Perpetual

bond

with

no

specified

maturity

date.

f

Investment

in

affiliated

issuer.

The

investment

objective

of

this

investment

company

is

publicly

available

and

can

be

found

within

the

investment

company’s

prospectus.

Holdings

and

transactions

in

these

affiliated

companies

during

the

period

ended

April

30,

2020

are

as

follows:

g

The

rate

shown

is

the

1-day

SEC

standardized

yield

as

of

April

30,

2020.

See

Notes

to

Financial

Statements

Description

Value

4/24/20

Purchases

($)

Sales

($)

Net

Realized

Gain

(Loss)

($)

Net

Change

in

Unrealized

Appreciation

(Depreciation)

($)

Value

4/30/20

Net

Assets

(%)

Dividends/

Distributions

($)

Investment

Companies

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares

—

151,042

—

—

—

151,042

0.6

1

Investment

of

Cash

Collateral

for

Securities

Loaned

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares

—

293,830

—

—

—

293,830

1.2

—

Total

—

444,872

—

—

—

444,872

1.8

1

Portfolio

Summary

(Unaudited)

†

Value

(%)

Consumer,

Cyclical

19.4

Communications

19.2

Consumer,

Non-cyclical

18.7

Energy

10.4

Industrial

9.2

Financial

8.5

Basic

Materials

5.6

Technology

4.3

Utilities

2.1

Registered

Investment

Companies

1.8

Diversified

0.1

99.3

†

Based

on

net

assets.

Centrally

Cleared

Credit

Default

Swaps

Reference

Obligation

Maturity

Date

Notional

Amount

($)

1

Market

Value

($)

Upfront

Payments/

(Receipts)

($)

Unrealized

Appreciation

(Depreciation)

($)

Sold

Contracts

2

CDX

North

American

High

Yield

Swap

6/20/25

1,000,000

(45,519)

(63,199)

17,680

1

The

maximum

potential

amount

the

fund

could

be

required

to

pay

as

a

seller

of

credit

protection

or

receive

as

a

buyer

of

credit

protection

if

a

credit

event

occurs

as

defined

under

the

terms

of

the

swap

agreement.

2

If

the

fund

is

a

seller

of

protection

and

a

credit

event

occurs,

as

defined

under

the

terms

of

the

swap

agreement,

the

fund

will

either

(i)

pay

to

the

buyer

of

protection

an

amount

equal

to

the

notional

amount

of

the

swap

and

take

delivery

of

the

reference

obligation

or

(ii)

pay

a

net

settlement

amount

in

the

form

of

cash

or

securities

equal

to

the

notional

amount

of

the

swap

less

the

recovery

value

of

the

reference

obligation.

64

STATEMENTS

OF

ASSETS

AND

LIABILITIES

(Unaudited)

April

30,

2020

See

Notes

to

Financial

Statements

BNY

Mellon

US

Large

Cap

Core

Equity

ETF

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

Assets

($):

Investments

in

securities—See

Statements

of

Investments

†

(including

securities

on

loan)

††

—Note

2(c):

–

–

–

Unaffiliated

issuers

33,002,691‌

30,553,693‌

34,330,033‌

Affiliated

issuers

4,965‌

252,258‌

496,241‌

Dividends

receivable

23,254‌

12,465‌

8,270‌

Tax

reclaim

receivable

289‌

41‌

141‌

Securities

lending

income

receivable

1‌

81‌

893‌

Receivable

for

investment

securities

sold

—‌

36,250‌

—‌

33,031,200‌

30,854,788‌

34,835,578‌

Liabilities

($):

Due

to

BNY

Mellon

ETF

Investment

Adviser,

LLC—Note

3(b)

—‌

652‌

725‌

Cash

overdraft

due

to

Custodian

—‌

23,035‌

—‌

Liability

for

securities

on

loan—Note

2(c)

—‌

252,258‌

483,271‌

Payable

for

investment

securities

purchased

9,791‌

—‌

9,479‌

9,791‌

275,945‌

493,475‌

Net

Assets

($)

33,021,409‌

30,578,843‌

34,342,103‌

Composition

of

Net

Assets

($):

Paid-in

capital

30,391,345‌

27,681,972‌

30,163,590‌

Total

distributable

earnings

(loss)

2,630,064‌

2,896,871‌

4,178,513‌

Net

Assets

($)

33,021,409‌

30,578,843‌

34,342,103‌

Shares

outstanding

no

par

value

(unlimited

shares

authorized):

602,000‌

550,020‌

600,020‌

Net

asset

value

per

share

54.85‌

55.60‌

57.23‌

Market

price

per

share

54.93‌

55.73‌

57.37‌

†

Investments

at

cost

($)

Unaffiliated

issuers

30,397,956‌

27,673,468‌

30,166,831‌

Affiliated

issuers

4,965‌

252,258‌

496,241‌

††

Value

of

securities

on

loan

($)

3,568‌

702,379‌

3,164,977‌

65

See

Notes

to

Financial

Statements

BNY

Mellon

International

Equity

ETF

BNY

Mellon

Emerging

Markets

Equity

ETF

Assets

($):

Investments

in

securities—See

Statements

of

Investments

†

:

–

–

Unaffiliated

issuers

25,072,434‌

25,065,799‌

Affiliated

issuers

1,022,644‌

883,252‌

Cash

denominated

in

foreign

currency

††

12,195‌

26‌

Dividends

receivable

17,230‌

4,564‌

Tax

reclaim

receivable

5,261‌

—‌

Securities

lending

income

receivable

—‌

69‌

Receivable

for

investment

securities

sold

—‌

3,350‌

26,129,764‌

25,957,060‌

Liabilities

($):

Due

to

BNY

Mellon

ETF

Investment

Adviser,

LLC—Note

3(b)

195‌

529‌

Payable

for

futures

variation

margin

24,760‌

19,400‌

Payable

for

investment

securities

purchased

—‌

6,697‌

24,955‌

26,626‌

Net

Assets

($)

26,104,809‌

25,930,434‌

Composition

of

Net

Assets

($):

Paid-in

capital

25,029,185‌

25,001,000‌

Total

distributable

earnings

(loss)

1,075,624‌

929,434‌

Net

Assets

($)

26,104,809‌

25,930,434‌

Shares

outstanding

no

par

value

(unlimited

shares

authorized):

500,020‌

500,020‌

Net

asset

value

per

share

52.21‌

51.86‌

Market

price

per

share

52.28‌

51.54‌

†

Investments

at

cost

($)

Unaffiliated

issuers

24,068,198‌

24,198,798‌

Affiliated

issuers

1,022,644‌

883,252‌

††

Cash

denominated

in

foreign

currency

(cost)

($)

12,094‌

26‌

66

STATEMENTS

OF

ASSETS

AND

LIABILITIES

(Unaudited)

(continued)

See

Notes

to

Financial

Statements

BNY

Mellon

Core

Bond

ETF

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

BNY

Mellon

High

Yield

Beta

ETF

Assets

($):

Investments

in

securities—See

Statements

of

Investments

†

(including

securities

on

loan)

††

—Note

2(c):

–

–

–

Unaffiliated

issuers

27,268,557‌

27,375,121‌

24,527,321‌

Affiliated

issuers

134,623‌

299,316‌

444,872‌

Cash

311,737‌

172,996‌

82,140‌

Deposits

with

brokers

for

swap

agreements

—‌

—‌

125,560‌

Receivable

for

shares

of

Beneficial

Interest

subscribed

1,727,684‌

—‌

—‌

Receivable

for

investment

securities

sold

972,491‌

763,337‌

306,858‌

Interest

receivable

142,756‌

210,728‌

413,564‌

Securities

lending

income

receivable

3‌

—‌

19‌

Dividends

receivable

1‌

2‌

1‌

Receivable

for

swaps

variation

margin—Note

4

—‌

—‌

364‌

30,557,852‌

28,821,500‌

25,900,699‌

Liabilities

($):

Due

to

BNY

Mellon

ETF

Investment

Adviser,

LLC—Note

3(b)

—‌

291‌

1,049‌

Liability

for

securities

on

loan—Note

2(c)

—‌

—‌

293,830‌

Payable

for

investment

securities

purchased

3,016,074‌

1,220,778‌

460,813‌

3,016,074‌

1,221,069‌

755,692‌

Net

Assets

($)

27,541,778‌

27,600,431‌

25,145,007‌

Composition

of

Net

Assets

($):

Paid-in

capital

27,627,343‌

27,625,690‌

25,139,874‌

Total

distributable

earnings

(loss)

(

85,565‌

)

(

25,259‌

)

5,133‌

Net

Assets

($)

27,541,778‌

27,600,431‌

25,145,007‌

Shares

outstanding

no

par

value

(unlimited

shares

authorized):

550,020‌

550,020‌

500,020‌

Net

asset

value

per

share

50.07‌

50.18‌

50.29‌

Market

price

per

share

50.18‌

50.31‌

50.74‌

†

Investments

at

cost

($)

Unaffiliated

issuers

27,362,729‌

27,406,904‌

24,573,017‌

Affiliated

issuers

134,623‌

299,316‌

444,872‌

††

Value

of

securities

on

loan

($)

88,214‌

—‌

327,821‌

67

STATEMENTS

OF

OPERATIONS

(Unaudited)

For

the

Period

Ended

April

30,

2020

See

Notes

to

Financial

Statements

BNY

Mellon

US

Large

Cap

Core

Equity

ETF

a

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

a

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

a

Investment

Income

($):

Income:

Cash

dividends:

Unaffiliated

issuers

25,328‌

15,707‌

15,488‌

Income

from

securities

lending—Note

2(c)

1‌

81‌

893‌

Total

Income

25,329‌

15,788‌

16,381‌

Expenses:

Management

fees—Note

3(a)

—‌

652‌

725‌

Total

Expenses

—‌

652‌

725‌

Investment

Income—Net

25,329‌

15,136‌

15,656‌

Realized

and

Unrealized

Gain

(Loss)

on

Investments—Note

4

($):

Net

realized

gain

(loss)

on

investments

—‌

1,510‌

(

345‌

)

Net

change

in

unrealized

appreciation

(depreciation)

on

investments

2,604,735‌

2,880,225‌

4,163,202‌

Net

Realized

and

Unrealized

Gain

(Loss)

on

Investments

2,604,735‌

2,881,735‌

4,162,857‌

Net

Increase

(Decrease)

in

Net

Assets

Resulting

from

Operations

2,630,064‌

2,896,871‌

4,178,513‌

a

For

the

period

April

9,

2020

(commencement

of

operations)

through

April

30,

2020.

68

STATEMENTS

OF

OPERATIONS

(Unaudited)

(continued)

See

Notes

to

Financial

Statements

BNY

Mellon

International

Equity

ETF

a

BNY

Mellon

Emerging

Markets

Equity

ETF

a

Investment

Income

($):

Income:

Cash

dividends:

Unaffiliated

issuers

†

34,049‌

4,569‌

Affiliated

issuers

6‌

5‌

Interest

3‌

2‌

Income

from

securities

lending—Note

2(c)

—‌

69‌

Total

Income

34,058‌

4,645‌

Expenses:

Management

fees—Note

3(a)

195‌

529‌

Total

Expenses

195‌

529‌

Investment

Income—Net

33,863‌

4,116‌

Realized

and

Unrealized

Gain

(Loss)

on

Investments—Note

4

($):

Net

realized

gain

(loss)

on

investments

and

foreign

currency

transactions

1,111‌

36,439‌

Net

realized

gain

(loss)

1,111‌

36,439‌

Net

change

in

unrealized

appreciation

(depreciation)

on

investments

and

foreign

currency

transactions

1,004,556‌

867,017‌

Net

change

in

unrealized

appreciation

(depreciation)

on

futures

36,094‌

21,862‌

Net

change

in

unrealized

appreciation

(depreciation)

1,040,650‌

888,879‌

Net

Realized

and

Unrealized

Gain

(Loss)

on

Investments

1,041,761‌

925,318‌

Net

Increase

(Decrease)

in

Net

Assets

Resulting

from

Operations

1,075,624‌

929,434‌

†

Net

of

foreign

taxes

withheld

at

source

($)

5,437‌

305‌

a

For

the

period

April

24,

2020

(commencement

of

operations)

through

April

30,

2020.

69

See

Notes

to

Financial

Statements

BNY

Mellon

Core

Bond

ETF

a

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

a

BNY

Mellon

High

Yield

Beta

ETF

a

Investment

Income

($):

Income:

Cash

dividends:

Affiliated

issuers

1‌

2‌

1‌

Interest

8,619‌

8,466‌

34,159‌

Income

from

securities

lending—Note

2(c)

3‌

—‌

19‌

Total

Income

8,623‌

8,468‌

34,179‌

Expenses:

Management

fees—Note

3(a)

—‌

291‌

1,049‌

Total

Expenses

—‌

291‌

1,049‌

Investment

Income—Net

8,623‌

8,177‌

33,130‌

Realized

and

Unrealized

Gain

(Loss)

on

Investments—Note

4

($):

Net

realized

gain

(loss)

on

investments

(

16‌

)

(

1,653‌

)

4,740‌

Net

realized

gain

(loss)

on

swap

agreements

—‌

—‌

(

4,721‌

)

Net

realized

gain

(loss)

(

16‌

)

(

1,653‌

)

19‌

Net

change

in

unrealized

appreciation

(depreciation)

on

investments

(

94,172‌

)

(

31,783‌

)

(

45,696‌

)

Net

change

in

unrealized

appreciation

(depreciation)

on

swap

agreements

—‌

—‌

17,680‌

Net

change

in

unrealized

appreciation

(depreciation)

(

94,172‌

)

(

31,783‌

)

(

28,016‌

)

Net

Realized

and

Unrealized

Gain

(Loss)

on

Investments

(

94,188‌

)

(

33,436‌

)

(

27,997‌

)

Net

Increase

(Decrease)

in

Net

Assets

Resulting

from

Operations

(

85,565‌

)

(

25,259‌

)

5,133‌

a

For

the

period

April

24,

2020

(commencement

of

operations)

through

April

30,

2020.

70

STATEMENTS

OF

CHANGES

IN

NET

ASSETS

See

Notes

to

Financial

Statements

BNY

Mellon

US

Large

Cap

Core

Equity

ETF

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

For

the

Period

April

9,

2020

a

to

April

30,

2020

(Unaudited)

For

the

Period

April

9,

2020

a

to

April

30,

2020

(Unaudited)

Operations

($):

Investment

income—net

25,329‌

15,136‌

Net

realized

gain

(loss)

on

investments

—‌

1,510‌

Net

change

in

unrealized

appreciation

(depreciation)

on

investments

2,604,735‌

2,880,225‌

Net

Increase

(Decrease)

in

Net

Assets

Resulting

from

Operations

2,630,064‌

2,896,871‌

Shareholder

Transactions

($):

Proceeds

from

shares

sold

30,291,345‌

27,681,972‌

Increase

(Decrease)

in

Net

Assets

from

Beneficial

Interest

Transactions

30,291,345‌

27,681,972‌

Total

Increase

(Decrease)

in

Net

Assets

32,921,409‌

30,578,843‌

Net

Assets

($):

Beginning

of

Period

100,000‌

—‌

End

of

Period

33,021,409‌

30,578,843‌

Changes

in

Shares

Outstanding:

Initial

shares

2,000‌

—‌

Shares

sold

600,000‌

550,020‌

Shares

Outstanding,

end

of

the

period

602,000‌

550,020‌

a

Commencement

of

operations.

71

See

Notes

to

Financial

Statements

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

BNY

Mellon

International

Equity

ETF

For

the

Period

April

9,

2020

a

to

April

30,

2020

(Unaudited)

For

the

Period

April

24,

2020

a

to

April

30,

2020

(Unaudited)

Operations

($):

Investment

income—net

15,656‌

33,863‌

Net

realized

gain

(loss)

on

investments

(

345‌

)

1,111‌

Net

change

in

unrealized

appreciation

(depreciation)

on

investments

4,163,202‌

1,040,650‌

Net

Increase

(Decrease)

in

Net

Assets

Resulting

from

Operations

4,178,513‌

1,075,624‌

Shareholder

Transactions

($):

Proceeds

from

shares

sold

30,163,590‌

25,029,185‌

Increase

(Decrease)

in

Net

Assets

from

Beneficial

Interest

Transactions

30,163,590‌

25,029,185‌

Total

Increase

(Decrease)

in

Net

Assets

34,342,103‌

26,104,809‌

Net

Assets

($):

Beginning

of

Period

—‌

—‌

End

of

Period

34,342,103‌

26,104,809‌

Changes

in

Shares

Outstanding:

Shares

sold

600,020‌

500,020‌

Shares

Outstanding,

end

of

the

period

600,020‌

500,020‌

a

Commencement

of

operations.

72

STATEMENTS

OF

CHANGES

IN

NET

ASSETS

(continued)

See

Notes

to

Financial

Statements

BNY

Mellon

Emerging

Markets

Equity

ETF

BNY

Mellon

Core

Bond

ETF

For

the

Period

April

24,

2020

a

to

April

30,

2020

(Unaudited)

For

the

Period

April

24,

2020

a

to

April

30,

2020

(Unaudited)

Operations

($):

Investment

income—net

4,116‌

8,623‌

Net

realized

gain

(loss)

on

investments

36,439‌

(

16‌

)

Net

change

in

unrealized

appreciation

(depreciation)

on

investments

888,879‌

(

94,172‌

)

Net

Increase

(Decrease)

in

Net

Assets

Resulting

from

Operations

929,434‌

(

85,565‌

)

Shareholder

Transactions

($):

Proceeds

from

shares

sold

25,001,000‌

27,627,343‌

Increase

(Decrease)

in

Net

Assets

from

Beneficial

Interest

Transactions

25,001,000‌

27,627,343‌

Total

Increase

(Decrease)

in

Net

Assets

25,930,434‌

27,541,778‌

Net

Assets

($):

Beginning

of

Period

—‌

—‌

End

of

Period

25,930,434‌

27,541,778‌

Changes

in

Shares

Outstanding:

Shares

sold

500,020‌

550,020‌

Shares

Outstanding,

end

of

the

period

500,020‌

550,020‌

a

Commencement

of

operations.

73

See

Notes

to

Financial

Statements

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

BNY

Mellon

High

Yield

Beta

ETF

For

the

Period

April

24,

2020

a

to

April

30,

2020

(Unaudited)

For

the

Period

April

24,

2020

a

to

April

30,

2020

(Unaudited)

Operations

($):

Investment

income—net

8,177‌

33,130‌

Net

realized

gain

(loss)

on

investments

(

1,653‌

)

19‌

Net

change

in

unrealized

appreciation

(depreciation)

on

investments

(

31,783‌

)

(

28,016‌

)

Net

Increase

(Decrease)

in

Net

Assets

Resulting

from

Operations

(

25,259‌

)

5,133‌

Shareholder

Transactions

($):

Proceeds

from

shares

sold

27,625,690‌

25,139,874‌

Increase

(Decrease)

in

Net

Assets

from

Beneficial

Interest

Transactions

27,625,690‌

25,139,874‌

Total

Increase

(Decrease)

in

Net

Assets

27,600,431‌

25,145,007‌

Net

Assets

($):

Beginning

of

Period

—‌

—‌

End

of

Period

27,600,431‌

25,145,007‌

Changes

in

Shares

Outstanding:

Shares

sold

550,020‌

500,020‌

Shares

Outstanding,

end

of

the

period

550,020‌

500,020‌

a

Commencement

of

operations.

74

FINANCIAL

HIGHLIGHTS

The

following

tables

describe

the

performance

for

the

fiscal

periods

indicated

and

these

figures

have

been

derived

from

the

funds’

financial

statements.

See

Notes

to

Financial

Statements

BNY

Mellon

US

Large

Cap

Core

Equity

ETF

For

the

Period

April

9,

2020

a

to

April

30,

2020

(Unaudited)

Per

Share

Data

($):

Net

asset

value,

beginning

of

period

50.00‌

Investment

Operations:

Investment

income—net

b

0.04‌

Net

realized

and

unrealized

gain

(loss)

on

investments

4.81‌

Total

from

Investment

Operations

4.85‌

Net

asset

value,

end

of

period

54.85‌

Market

price,

end

of

period

c

54.93‌

Net

Asset

Value

Total

Return

(%)

d

9.71‌

Market

Price

Total

Return

(%)

d

9.86‌

Ratios/Supplemental

Data

(%):

Ratio

of

total

expenses

to

average

net

assets

–‌

e

Ratio

of

net

investment

income

to

average

net

assets

1.41‌

e

Portfolio

Turnover

Rate

f

–‌

Net

Assets,

end

of

period

($

x

1,000)

33,021‌

a

Commencement

of

operations.

b

Based

on

average

shares

outstanding.

c

The

mean

between

the

last

bid

and

ask

prices.

d

Net

asset

value

total

return

is

calculated

assuming

an

initial

investment

made

at

the

net

asset

value

at

the

beginning

of

the

period,

reinvestment

of

all

dividends

and

distributions

at

net

asset

value

during

the

period,

and

redemption

at

net

asset

value

on

the

last

day

of

the

period.

Net

asset

value

total

return

includes

adjustments

in

accordance

with

accounting

principles

generally

accepted

in

the

United

States

of

America

and

as

such,

the

net

asset

value

for

financial

reporting

purposes

and

the

returns

based

upon

those

net

asset

values

may

differ

from

the

net

asset

value

and

returns

for

shareholder

transactions.

Market

price

total

return

is

calculated

assuming

an

initial

investment

made

at

the

market

price

at

the

beginning

of

the

period,

reinvestment

of

all

dividends

and

distributions

at

market

price

during

the

period,

and

sale

at

the

market

price

on

the

last

day

of

the

period.

Total

investment

returns

calculated

for

a

period

of

less

than

one

year

are

not

annualized.

e

Annualized.

f

Portfolio

turnover

rate

is

not

annualized

for

periods

less

than

one

year,

if

applicable,

and

does

not

include

securities

received

or

delivered

from

processing

creations

or

redemptions.

75

See

Notes

to

Financial

Statements

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

For

the

Period

April

9,

2020

a

to

April

30,

2020

(Unaudited)

Per

Share

Data

($):

Net

asset

value,

beginning

of

period

50

.00‌

Investment

Operations:

Investment

income—net

b

0

.03‌

Net

realized

and

unrealized

gain

(loss)

on

investments

5

.57‌

Total

from

Investment

Operations

5

.60‌

Net

asset

value,

end

of

period

55

.60‌

Market

price,

end

of

period

c

55

.73‌

Net

Asset

Value

Total

Return

(%)

d

11

.19‌

Market

Price

Total

Return

(%)

d

11

.46‌

Ratios/Supplemental

Data

(%):

Ratio

of

total

expenses

to

average

net

assets

0

.04‌

e

Ratio

of

net

investment

income

to

average

net

assets

0

.93‌

e

Portfolio

Turnover

Rate

f

0

.30‌

Net

Assets,

end

of

period

($

x

1,000)

30,579‌

a

Commencement

of

operations.

b

Based

on

average

shares

outstanding.

c

The

mean

between

the

last

bid

and

ask

prices.

d

Net

asset

value

total

return

is

calculated

assuming

an

initial

investment

made

at

the

net

asset

value

at

the

beginning

of

the

period,

reinvestment

of

all

dividends

and

distributions

at

net

asset

value

during

the

period,

and

redemption

at

net

asset

value

on

the

last

day

of

the

period.

Net

asset

value

total

return

includes

adjustments

in

accordance

with

accounting

principles

generally

accepted

in

the

United

States

of

America

and

as

such,

the

net

asset

value

for

financial

reporting

purposes

and

the

returns

based

upon

those

net

asset

values

may

differ

from

the

net

asset

value

and

returns

for

shareholder

transactions.

Market

price

total

return

is

calculated

assuming

an

initial

investment

made

at

the

market

price

at

the

beginning

of

the

period,

reinvestment

of

all

dividends

and

distributions

at

market

price

during

the

period,

and

sale

at

the

market

price

on

the

last

day

of

the

period.

Total

investment

returns

calculated

for

a

period

of

less

than

one

year

are

not

annualized.

e

Annualized.

f

Portfolio

turnover

rate

is

not

annualized

for

periods

less

than

one

year,

if

applicable,

and

does

not

include

securities

received

or

delivered

from

processing

creations

or

redemptions.

76

FINANCIAL

HIGHLIGHTS

(continued)

See

Notes

to

Financial

Statements

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

For

the

Period

April

9,

2020

a

to

April

30,

2020

(Unaudited)

Per

Share

Data

($):

Net

asset

value,

beginning

of

period

50

.00‌

Investment

Operations:

Investment

income—net

b

0

.03‌

Net

realized

and

unrealized

gain

(loss)

on

investments

7

.20‌

Total

from

Investment

Operations

7

.23‌

Net

asset

value,

end

of

period

57

.23‌

Market

price,

end

of

period

c

57

.37‌

Net

Asset

Value

Total

Return

(%)

d

14

.47‌

Market

Price

Total

Return

(%)

d

14

.74‌

Ratios/Supplemental

Data

(%):

Ratio

of

total

expenses

to

average

net

assets

0

.04‌

e

Ratio

of

net

investment

income

to

average

net

assets

0

.86‌

e

Portfolio

Turnover

Rate

f

0

.08‌

Net

Assets,

end

of

period

($

x

1,000)

34,342‌

a

Commencement

of

operations.

b

Based

on

average

shares

outstanding.

c

The

mean

between

the

last

bid

and

ask

prices.

d

Net

asset

value

total

return

is

calculated

assuming

an

initial

investment

made

at

the

net

asset

value

at

the

beginning

of

the

period,

reinvestment

of

all

dividends

and

distributions

at

net

asset

value

during

the

period,

and

redemption

at

net

asset

value

on

the

last

day

of

the

period.

Net

asset

value

total

return

includes

adjustments

in

accordance

with

accounting

principles

generally

accepted

in

the

United

States

of

America

and

as

such,

the

net

asset

value

for

financial

reporting

purposes

and

the

returns

based

upon

those

net

asset

values

may

differ

from

the

net

asset

value

and

returns

for

shareholder

transactions.

Market

price

total

return

is

calculated

assuming

an

initial

investment

made

at

the

market

price

at

the

beginning

of

the

period,

reinvestment

of

all

dividends

and

distributions

at

market

price

during

the

period,

and

sale

at

the

market

price

on

the

last

day

of

the

period.

Total

investment

returns

calculated

for

a

period

of

less

than

one

year

are

not

annualized.

e

Annualized.

f

Portfolio

turnover

rate

is

not

annualized

for

periods

less

than

one

year,

if

applicable,

and

does

not

include

securities

received

or

delivered

from

processing

creations

or

redemptions.

77

See

Notes

to

Financial

Statements

BNY

Mellon

International

Equity

ETF

For

the

Period

April

24,

2020

a

to

April

30,

2020

(Unaudited)

Per

Share

Data

($):

Net

asset

value,

beginning

of

period

50

.00‌

Investment

Operations:

Investment

income—net

b

0

.07‌

Net

realized

and

unrealized

gain

(loss)

on

investments

2

.14‌

Total

from

Investment

Operations

2

.21‌

Net

asset

value,

end

of

period

52

.21‌

Market

price,

end

of

period

c

52

.28‌

Net

Asset

Value

Total

Return

(%)

d

4

.42‌

Market

Price

Total

Return

(%)

d

4

.56‌

Ratios/Supplemental

Data

(%):

Ratio

of

total

expenses

to

average

net

assets

0

.04‌

e

Ratio

of

net

investment

income

to

average

net

assets

6

.96‌

e

Portfolio

Turnover

Rate

f

–‌

Net

Assets,

end

of

period

($

x

1,000)

26,105‌

a

Commencement

of

operations.

b

Based

on

average

shares

outstanding.

c

The

mean

between

the

last

bid

and

ask

prices.

d

Net

asset

value

total

return

is

calculated

assuming

an

initial

investment

made

at

the

net

asset

value

at

the

beginning

of

the

period,

reinvestment

of

all

dividends

and

distributions

at

net

asset

value

during

the

period,

and

redemption

at

net

asset

value

on

the

last

day

of

the

period.

Net

asset

value

total

return

includes

adjustments

in

accordance

with

accounting

principles

generally

accepted

in

the

United

States

of

America

and

as

such,

the

net

asset

value

for

financial

reporting

purposes

and

the

returns

based

upon

those

net

asset

values

may

differ

from

the

net

asset

value

and

returns

for

shareholder

transactions.

Market

price

total

return

is

calculated

assuming

an

initial

investment

made

at

the

market

price

at

the

beginning

of

the

period,

reinvestment

of

all

dividends

and

distributions

at

market

price

during

the

period,

and

sale

at

the

market

price

on

the

last

day

of

the

period.

Total

investment

returns

calculated

for

a

period

of

less

than

one

year

are

not

annualized.

e

Annualized.

f

Portfolio

turnover

rate

is

not

annualized

for

periods

less

than

one

year,

if

applicable,

and

does

not

include

securities

received

or

delivered

from

processing

creations

or

redemptions.

78

FINANCIAL

HIGHLIGHTS

(continued)

See

Notes

to

Financial

Statements

BNY

Mellon

Emerging

Markets

Equity

ETF

For

the

Period

April

24,

2020

a

to

April

30,

2020

(Unaudited)

Per

Share

Data

($):

Net

asset

value,

beginning

of

period

50

.00‌

Investment

Operations:

Investment

income—net

b

0

.01‌

Net

realized

and

unrealized

gain

(loss)

on

investments

1

.85‌

Total

from

Investment

Operations

1

.86‌

Net

asset

value,

end

of

period

51

.86‌

Market

price,

end

of

period

c

51

.54‌

Net

Asset

Value

Total

Return

(%)

d

3

.72‌

Market

Price

Total

Return

(%)

d

3

.08‌

Ratios/Supplemental

Data

(%):

Ratio

of

total

expenses

to

average

net

assets

0

.11‌

e

Ratio

of

net

investment

income

to

average

net

assets

0

.85‌

e

Portfolio

Turnover

Rate

f

–‌

Net

Assets,

end

of

period

($

x

1,000)

25,930‌

a

Commencement

of

operations.

b

Based

on

average

shares

outstanding.

c

The

mean

between

the

last

bid

and

ask

prices.

d

Net

asset

value

total

return

is

calculated

assuming

an

initial

investment

made

at

the

net

asset

value

at

the

beginning

of

the

period,

reinvestment

of

all

dividends

and

distributions

at

net

asset

value

during

the

period,

and

redemption

at

net

asset

value

on

the

last

day

of

the

period.

Net

asset

value

total

return

includes

adjustments

in

accordance

with

accounting

principles

generally

accepted

in

the

United

States

of

America

and

as

such,

the

net

asset

value

for

financial

reporting

purposes

and

the

returns

based

upon

those

net

asset

values

may

differ

from

the

net

asset

value

and

returns

for

shareholder

transactions.

Market

price

total

return

is

calculated

assuming

an

initial

investment

made

at

the

market

price

at

the

beginning

of

the

period,

reinvestment

of

all

dividends

and

distributions

at

market

price

during

the

period,

and

sale

at

the

market

price

on

the

last

day

of

the

period.

Total

investment

returns

calculated

for

a

period

of

less

than

one

year

are

not

annualized.

e

Annualized.

f

Portfolio

turnover

rate

is

not

annualized

for

periods

less

than

one

year,

if

applicable,

and

does

not

include

securities

received

or

delivered

from

processing

creations

or

redemptions.

79

See

Notes

to

Financial

Statements

BNY

Mellon

Core

Bond

ETF

For

the

Period

April

24,

2020

a

to

April

30,

2020

(Unaudited)

Per

Share

Data

($):

Net

asset

value,

beginning

of

period

50

.00‌

Investment

Operations:

Investment

income—net

b

0

.02‌

Net

realized

and

unrealized

gain

(loss)

on

investments

0

.05‌

Total

from

Investment

Operations

0

.07‌

Net

asset

value,

end

of

period

50

.07‌

Market

price,

end

of

period

c

50

.18‌

Net

Asset

Value

Total

Return

(%)

d

0

.15‌

Market

Price

Total

Return

(%)

d

0

.36‌

Ratios/Supplemental

Data

(%):

Ratio

of

total

expenses

to

average

net

assets

–‌

e

Ratio

of

net

investment

income

to

average

net

assets

1

.80‌

e

Portfolio

Turnover

Rate

f

3

.87‌

Net

Assets,

end

of

period

($

x

1,000)

27,542‌

a

Commencement

of

operations.

b

Based

on

average

shares

outstanding.

c

The

mean

between

the

last

bid

and

ask

prices.

d

Net

asset

value

total

return

is

calculated

assuming

an

initial

investment

made

at

the

net

asset

value

at

the

beginning

of

the

period,

reinvestment

of

all

dividends

and

distributions

at

net

asset

value

during

the

period,

and

redemption

at

net

asset

value

on

the

last

day

of

the

period.

Net

asset

value

total

return

includes

adjustments

in

accordance

with

accounting

principles

generally

accepted

in

the

United

States

of

America

and

as

such,

the

net

asset

value

for

financial

reporting

purposes

and

the

returns

based

upon

those

net

asset

values

may

differ

from

the

net

asset

value

and

returns

for

shareholder

transactions.

Market

price

total

return

is

calculated

assuming

an

initial

investment

made

at

the

market

price

at

the

beginning

of

the

period,

reinvestment

of

all

dividends

and

distributions

at

market

price

during

the

period,

and

sale

at

the

market

price

on

the

last

day

of

the

period.

Total

investment

returns

calculated

for

a

period

of

less

than

one

year

are

not

annualized.

e

Annualized.

f

Portfolio

turnover

rate

is

not

annualized

for

periods

less

than

one

year,

if

applicable,

and

does

not

include

securities

received

or

delivered

from

processing

creations

or

redemptions.

80

FINANCIAL

HIGHLIGHTS

(continued)

See

Notes

to

Financial

Statements

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

For

the

Period

April

24,

2020

a

to

April

30,

2020

(Unaudited)

Per

Share

Data

($):

Net

asset

value,

beginning

of

period

50

.00‌

Investment

Operations:

Investment

income—net

b

0

.02‌

Net

realized

and

unrealized

gain

(loss)

on

investments

0

.16‌

Total

from

Investment

Operations

0

.18‌

Net

asset

value,

end

of

period

50

.18‌

Market

price,

end

of

period

c

50

.31‌

Net

Asset

Value

Total

Return

(%)

d

0

.36‌

Market

Price

Total

Return

(%)

d

0

.62‌

Ratios/Supplemental

Data

(%):

Ratio

of

total

expenses

to

average

net

assets

0

.06‌

e

Ratio

of

net

investment

income

to

average

net

assets

1

.68‌

e

Portfolio

Turnover

Rate

f

2

.94‌

Net

Assets,

end

of

period

($

x

1,000)

27,600‌

a

Commencement

of

operations.

b

Based

on

average

shares

outstanding.

c

The

mean

between

the

last

bid

and

ask

prices.

d

Net

asset

value

total

return

is

calculated

assuming

an

initial

investment

made

at

the

net

asset

value

at

the

beginning

of

the

period,

reinvestment

of

all

dividends

and

distributions

at

net

asset

value

during

the

period,

and

redemption

at

net

asset

value

on

the

last

day

of

the

period.

Net

asset

value

total

return

includes

adjustments

in

accordance

with

accounting

principles

generally

accepted

in

the

United

States

of

America

and

as

such,

the

net

asset

value

for

financial

reporting

purposes

and

the

returns

based

upon

those

net

asset

values

may

differ

from

the

net

asset

value

and

returns

for

shareholder

transactions.

Market

price

total

return

is

calculated

assuming

an

initial

investment

made

at

the

market

price

at

the

beginning

of

the

period,

reinvestment

of

all

dividends

and

distributions

at

market

price

during

the

period,

and

sale

at

the

market

price

on

the

last

day

of

the

period.

Total

investment

returns

calculated

for

a

period

of

less

than

one

year

are

not

annualized.

e

Annualized.

f

Portfolio

turnover

rate

is

not

annualized

for

periods

less

than

one

year,

if

applicable,

and

does

not

include

securities

received

or

delivered

from

processing

creations

or

redemptions.

81

See

Notes

to

Financial

Statements

BNY

Mellon

High

Yield

Beta

ETF

For

the

Period

April

24,

2020

a

to

April

30,

2020

(Unaudited)

Per

Share

Data

($):

Net

asset

value,

beginning

of

period

50

.00‌

Investment

Operations:

Investment

income—net

b

0

.07‌

Net

realized

and

unrealized

gain

(loss)

on

investments

0

.22‌

Total

from

Investment

Operations

0

.29‌

Net

asset

value,

end

of

period

50

.29‌

Market

price,

end

of

period

c

50

.74‌

Net

Asset

Value

Total

Return

(%)

d

0

.58‌

Market

Price

Total

Return

(%)

d

1

.48‌

Ratios/Supplemental

Data

(%):

Ratio

of

total

expenses

to

average

net

assets

0

.22‌

e

Ratio

of

net

investment

income

to

average

net

assets

6

.95‌

e

Portfolio

Turnover

Rate

f

2

.11‌

Net

Assets,

end

of

period

($

x

1,000)

25,145‌

a

Commencement

of

operations.

b

Based

on

average

shares

outstanding.

c

The

mean

between

the

last

bid

and

ask

prices.

d

Net

asset

value

total

return

is

calculated

assuming

an

initial

investment

made

at

the

net

asset

value

at

the

beginning

of

the

period,

reinvestment

of

all

dividends

and

distributions

at

net

asset

value

during

the

period,

and

redemption

at

net

asset

value

on

the

last

day

of

the

period.

Net

asset

value

total

return

includes

adjustments

in

accordance

with

accounting

principles

generally

accepted

in

the

United

States

of

America

and

as

such,

the

net

asset

value

for

financial

reporting

purposes

and

the

returns

based

upon

those

net

asset

values

may

differ

from

the

net

asset

value

and

returns

for

shareholder

transactions.

Market

price

total

return

is

calculated

assuming

an

initial

investment

made

at

the

market

price

at

the

beginning

of

the

period,

reinvestment

of

all

dividends

and

distributions

at

market

price

during

the

period,

and

sale

at

the

market

price

on

the

last

day

of

the

period.

Total

investment

returns

calculated

for

a

period

of

less

than

one

year

are

not

annualized.

e

Annualized.

f

Portfolio

turnover

rate

is

not

annualized

for

periods

less

than

one

year,

if

applicable,

and

does

not

include

securities

received

or

delivered

from

processing

creations

or

redemptions.

82

NOTES

TO

FINANCIAL

STATEMENTS

(Unaudited)

NOTE

1—Organization:

BNY

Mellon

ETF

Trust

(the

“Trust”)

had

no

operations

until

April

9,

2020 for

BNY

Mellon

US

Large

Cap

Core

Equity

ETF,

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

and

BNY

Mellon

US

Small

Cap

Core

Equity

ETF (commencement

of

operations)

and

on

April

24,

2020

for

BNY

Mellon

International

Equity

ETF,

BNY

Mellon

Emerging

Markets

Equity

ETF,

BNY

Mellon

Core

Bond

ETF,

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

and

BNY

Mellon

High

Yield

Beta

ETF (commencement

of

operations)

other

than

matters

relating

to

its

organization

and

registration

as

a

Massachusetts

business

trust

under

the

Investment

Company

Act

of

1940,

as

amended

(the

“Act”),

as

an

open-end

management

investment

company.

The

Trust

operates

as

a

series

company

currently

consisting

of

eight

series,

including

the

following

diversified

funds:

BNY

Mellon

US

Large

Cap

Core

Equity

ETF,

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF,

BNY

Mellon

US

Small

Cap

Core

Equity

ETF,

BNY

Mellon

International

Equity

ETF,

BNY

Mellon

Emerging

Markets

Equity

ETF,

BNY

Mellon

Core

Bond

ETF,

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

and

BNY

Mellon

High

Yield

Beta

ETF

(each,

a

“fund”

and

collectively,

the

“funds”).

The

investment

objective

of

each

fund

is

to

seek

to

track

the

performance

of

an

underlying

index,

as

reflected

in

the

table below.

BNY

Mellon

ETF

Investment

Adviser,

LLC

(the

“Adviser”),

a

wholly-owned

subsidiary

of

The

Bank

of

New

York

Mellon

Corporation

(“BNY

Mellon”),

serves

as

each

fund’s

investment

adviser.

The

Bank

of

New

York

Mellon,

a

subsidiary

of

BNY

Mellon

and

an

affiliate

of

the

Adviser,

serves

as

administrator,

custodian

and

transfer

agent

with

the

Trust.

Mellon

Investments

Corporation

(the

“Sub-Adviser”),

a

wholly-owned

subsidiary

of

BNY

Mellon

and

an

affiliate

of

the

Adviser,

serves

as

each

fund’s

sub-investment

adviser.

BNY

Mellon

Securities

Corporation

(the

“Distributor”),

a

wholly-owned

subsidiary

of

the

Adviser,

is

the

distributor

of

each

fund’s

shares.

Each

fund’s

fiscal

year

end

is

October

31.

†

Morningstar

®

is

a

service

mark

of

Morningstar,

Inc.

and

has

been

licensed

for

use

for

certain

purposes

by

the

Adviser.

The

fund

is

not

sponsored,

endorsed,

sold

or

promoted

by

Morningstar,

and

Morningstar

makes

no

representation

regarding

the

advisability

of

investing

in

the

fund.

††

Bloomberg

®

is

a

trademark

and

service

mark

of

Bloomberg

Finance

L.P.

and

its

affiliates

(collectively,

“Bloomberg”).

BARCLAYS

®

is

a

trademark

and

service

mark

of

Barclays

Bank

Plc

(collectively

with

its

affiliates,

“Barclays”),

used

under

license.

Bloomberg

or

Bloomberg’s

licensors,

including

Barclays,

own

all

proprietary

rights

in

the

Bloomberg

Barclays

Indices.

Neither

Bloomberg

nor

Barclays

is

affiliated

with

the

Trust,

and

neither

approves,

endorses,

reviews

or

recommends

the

fund.

Neither

Bloomberg

nor

Barclays

guarantees

the

timeliness,

accurateness

or

completeness

of

any

data

or

information

relating

to

the

index,

and

neither

shall

be

liable

in

any

way

to

the

Adviser,

investors

in

the

fund

or

other

third

parties

in

respect

of

the

use

or

accuracy

of

the

index

or

any

data

included

therein.

The

shares

of

the

funds

are

referred

to

herein

as

“Shares”

or

“fund’s

Shares.”

Each

fund’s

Shares

are

listed

and

traded

on

NYSE

Arca,

Inc.

The

market

price

of

each

Share

may

differ

to

some

degree

from

a

fund’s

net

asset

value

(“NAV”).

Unlike

conventional

mutual

funds,

each

fund

issues

and

redeems

Shares

on

a

continuous

basis,

at

NAV,

only

in

a

large

specified

number

of

Shares,

each

called

a

“Creation

Unit.”

Creation

Units

are

issued

and

redeemed

principally

in

exchange

for

the

deposit

or

delivery

of

a

basket

of

securities.

Except

when

aggregated

in

Creation

Units

by

Authorized

Participants,

the

Shares

are

not

individually

redeemable

securities

of

the

funds.

Individual

fund

Shares

may

only

be

purchased

and

sold

on

the

NYSE

Arca,

Inc.,

other

national

securities

exchanges,

electronic

crossing

networks

and

other

alternative

trading

systems

through

your

broker-dealer

at

market

prices.

Because

fund

Shares

trade

at

market

prices

rather

than

at

NAV,

fund

Shares

may

trade

at

a

price

greater

than

NAV

(premium)

or

less

than

NAV

(discount).

When

buying

or

selling

Shares

in

the

secondary

market,

you

may

incur

costs

attributable

to

the

difference

between

the

highest

price

a

buyer

is

willing

to

pay

to

purchase

Shares

of

the

fund

(bid)

and

the

lowest

price

a

seller

is

willing

to

accept

for

Shares

of

the

fund

(ask).

NOTE

2—Significant

Accounting

Policies:

As

of

April

30,

2020,

MBC

Investments

Corp.,

an

indirect

subsidiary

of

BNY

Mellon,

held 2,000

shares

of

BNY

Mellon

US

Large

Cap

Core

Equity

ETF.

The

Trust

accounts

separately

for

the

assets,

liabilities

and

operations

of

each

fund.

Expenses

directly

attributable

to

each

fund

are

charged

to

that

fund’s

operations;

expenses

which

are

applicable

to

all

funds

are

allocated

among

them

on

a

pro

rata

basis.

The

Financial

Accounting

Standards

Board

(“FASB”)

Accounting

Standards

Codification

(“ASC”)

is

the

exclusive

reference

of

authoritative

U.S.

generally

accepted

accounting

principles

(“GAAP”)

recognized

by

the

FASB

to

be

applied

by

nongovernmental

entities.

Rules

and

interpretive

releases

of

the

Securities

and

Exchange

Commission

(“SEC”)

under

authority

of

federal

laws

are

also

sources

of

authoritative

GAAP

for

SEC

registrants.

Each

fund

is

an

investment

company

and

applies

the

accounting

and

reporting

guidance

of

the

FASB

ASC

Topic

946

Financial

Services-Investment

Companies.

Each

fund’s

financial

statements

are

prepared

in

accordance

with

GAAP,

which

may

require

the

use

of

management

estimates

and

assumptions.

Actual

results

could

differ

from

those

estimates.

 Fund

Name

Underlying

Index

BNY

Mellon

US

Large

Cap

Core

Equity

ETF

Morningstar®

US

Large

Cap

Index

SM

†

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

Morningstar®

US

Mid

Cap

Index

SM

†

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

Morningstar®

US

Small

Cap

Index

SM

†

BNY

Mellon

International

Equity

ETF

Morningstar®

Developed

Markets

ex-US

Large

Cap

Index

SM

†

BNY

Mellon

Emerging

Markets

Equity

ETF

Morningstar®

Emerging

Markets

Large

Cap

Index

SM

†

BNY

Mellon

Core

Bond

ETF

Bloomberg

Barclays

US

Aggregate

Total

Return

Index

††

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

Bloomberg

Barclays

US

Corporate

1-5

Years

Total

Return

Index

††

BNY

Mellon

High

Yield

Beta

ETF

Bloomberg

Barclays

US

Corporate

High

Yield

Total

Return

Index

††

83

The Trust

enters

into

contracts

that

contain

a

variety

of

indemnifications.

The

funds’

maximum

exposure

under

these

arrangements

is

unknown.

The

funds

do

not

anticipate

recognizing

any

loss

related

to

these

arrangements.

(a)

Portfolio

valuation:

The

fair

value

of

a

financial

instrument

is

the

amount

that

would

be

received

to

sell

an

asset

or

paid

to

transfer

a

liability

in

an

orderly

transaction

between

market

participants

at

the

measurement

date

(i.e.,

the

exit

price).

GAAP

establishes

a

fair

value

hierarchy

that

prioritizes

the

inputs

of

valuation

techniques

used

to

measure

fair

value.

This

hierarchy

gives

the

highest

priority

to

unadjusted

quoted

prices

in

active

markets

for

identical

assets

or

liabilities

(Level

1

measurements)

and

the

lowest

priority

to

unobservable

inputs

(Level

3

measurements).

Additionally,

GAAP

provides

guidance

on

determining

whether

the

volume

and

activity

in

a

market

has

decreased

significantly

and

whether

such

a

decrease

in

activity

results

in

transactions

that

are

not

orderly.

GAAP

requires

enhanced

disclosures

around

valuation

inputs

and

techniques

used

during

annual

and

interim

periods.

Various

inputs

are

used

in

determining

the

value

of

each

fund’s

investments

relating

to

fair

value

measurements.

These

inputs

are

summarized

in

the

three

broad

levels

listed

below:

Level

1

—unadjusted

quoted

prices

in

active

markets

for

identical

investments.

Level

2

—other

significant

observable

inputs

(including

quoted

prices

for

similar

investments,

interest

rates,

prepayment

speeds,

credit

risk,

etc.).

Level

3

—significant

unobservable

inputs

(including

the

funds’

own

assumptions

in

determining

the

fair

value

of

investments).

The

inputs

or

methodology

used

for

valuing

securities

are

not

necessarily

an

indication

of

the

risk

associated

with

investing

in

those

securities.

Changes

in

valuation

techniques

may

result

in

transfers

in

or

out

of

an

assigned

level

within

the

disclosure

hierarchy.

Valuation

techniques

used

to

value

each

fund’s

investments

are

as

follows:

Investments

in

equity

securities,

including

ETFs

(but

not

including

investments

in

other

open-end

registered

investment

companies)

are

valued

at

the

last

sales

price

on

the

securities

exchange

or

national

securities

market

on

which

such

securities

are

primarily

traded.

Securities

listed

on

the

National Association

of

Securities

Dealers

Automated

Quotation

System

for

which

market

quotations

are

available

are

valued

at

the

official

closing

price

or,

if

there

is

no

official

closing

price

that

day,

at

the

last

sales

price.

For

open

short

positions,

asked

prices

are

used

for

valuation

purposes.

Bid

price

is

used

when

no

asked

price

is

available.

Registered

investment

companies

that

are

not

traded

on

an

exchange

are

valued

at

their

net

asset

value.

All

of

the

preceding

securities

are

generally

categorized

within

Level

1

of

the

fair

value

hierarchy.

Investments

in

debt

securities

excluding

short-term

investments

(other

than

U.S.

Treasury

Bills),

are

valued

each

business

day

by

one

or

more

independent

pricing

services

(each,

a

“Service”)

approved

by

the

Trust’s

Board

of

Trustees

(the

“Board”).

Investments

for

which

quoted

bid

prices

are

readily

available

and

are

representative

of

the

bid

side

of

the

market

in

the

judgment

of

the

Service

are

valued

at

the

quoted

bid

prices

(as

obtained

by

the

Service

from

dealers

in

such

securities).

Securities

are

valued

as

determined

by

a

Service,

based

on

methods

which

include

consideration

of

the

following:

yields

or

prices

of

securities

of

comparable

quality,

coupon,

maturity

and

type;

indications

as

to

values

from

dealers;

and

general

market

conditions.

These

securities

are

generally

categorized

within

Level

2

of

the

fair

value

hierarchy.

U.S.

Treasury

Bills

are

valued

at

the

mean

price

between

quoted

bid

prices

and

asked

prices

by

the

Service

approved

by

the

Board.

These

securities

are

generally

categorized

within

Level

2

of

the

fair

value

hierarchy.

Each

Service

and

independent

valuation

firm

is

engaged

under

the

general

oversight

of

the

Board.

When

market

quotations

or

official

closing

prices

are

not

readily

available,

or

are

determined

not

to

reflect

accurately

fair

value,

such

as

when

the

value

of

a

security

has

been

significantly

affected

by

events

after

the

close

of

the

exchange

or

market

on

which

the

security

is

principally

traded

(for

example,

a

foreign

exchange

or

market),

but

before

the

funds

calculate

their

net

asset

value,

the

funds

may

value

these

investments

at

fair

value

as

determined

in

accordance

with

the

procedures

approved

by

the

Board.

Certain

factors

may

be

considered

when

fair

valuing

investments

such

as:

fundamental

analytical

data,

the

nature

and

duration

of

restrictions

on

disposition,

an

evaluation

of

the

forces

that

influence

the

market

in

which

the

securities

are

purchased

and

sold,

and

public

trading

in

similar

securities

of

the

issuer

or

comparable

issuers.

These

securities

are

either

categorized

within

Level

2

or

3

of

the

fair

value

hierarchy

depending

on

the

relevant

inputs

used.

For

securities

where

observable

inputs

are

limited,

assumptions

about

market

activity

and

risk

are

used

and

are

generally

categorized

within

Level

3

of

the

fair

value

hierarchy.

Investments

denominated

in

foreign

currencies

are

translated

to

U.S.

dollars

at

the

prevailing

rates

of

exchange.

Futures,

which

are

traded

on

an

exchange,

are

valued

at

the

last

sales

price

on

the

securities

exchange

on

which

such

securities

are

primarily

traded

or

at

the

last

sales

price

on

the

national

securities

market

on

each

business

day

and

are

generally

categorized

within

Level

1

of

the

fair

value

hierarchy.

Swaps

are

valued

by

the

Service

by

using

a

swap

pricing

model

which

incorporates

among

other

factors,

default

probabilities,

recovery

rates,

credit

curves

of

the

underlying

issuer

and

swap

spreads

on

interest

rates

and

are

generally

categorized

within

Level

2

of

the

fair

value

hierarchy. 

The

table

below

summarizes

the

inputs

used

as

of

April

30,

2020

in

valuing

each

fund’s

investments:

84

NOTES

TO

FINANCIAL

STATEMENTS

(Unaudited)

(continued)

Fair

Value

Measurements

Investments

in

Securities

†

Level

1

—

Unadjusted

Quoted

Prices

Level

2

—

Other

Significant

Observable

Inputs

Level

3

—

Significant

Unobservable

Inputs

Assets

($)

Liabilities

($)

Assets

($)

Liabilities

($)

Assets

($)

Liabilities

($)

Total

BNY

Mellon

US

Large

Cap

Core

Equity

ETF

Common

Stocks

33,002,691

—

—

—

—

—

33,002,691

Investment

Companies

4,965

—

—

—

—

—

4,965

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

Common

Stocks

30,553,693

—

—

—

—

—

30,553,693

Investment

of

Cash

Collateral

for

Securities

Loaned

252,258

—

—

—

—

—

252,258

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

Common

Stocks

34,330,033

—

—

—

—

—

34,330,033

Investment

Companies

12,970

—

—

—

—

—

12,970

Investment

of

Cash

Collateral

for

Securities

Loaned

483,271

—

—

—

—

—

483,271

BNY

Mellon

International

Equity

ETF

Common

Stocks

24,794,662

—

—

—

—

—

24,794,662

Preferred

Stocks

134,944

—

—

—

—

—

134,944

Short-Term

Investments

—

—

142,828

—

—

—

142,828

Investment

Companies

1,022,644

—

—

—

—

—

1,022,644

Other

Financial

Instruments:

Futures

††

36,094

—

—

—

—

—

36,094

BNY

Mellon

Emerging

Markets

Equity

ETF

Common

Stocks

22,011,052

—

—

—

—

—

22,011,052

Preferred

Stocks

656,688

—

—

—

—

—

656,688

Exchange-Traded

Funds

2,277,204

—

—

—

—

—

2,277,204

Short-Term

Investments

—

—

120,855

—

—

—

120,855

Investment

Companies

883,252

—

—

—

—

—

883,252

Other

Financial

Instruments:

Futures

††

21,862

—

—

—

—

—

21,862

BNY

Mellon

Core

Bond

ETF

Asset-Backed

Securities

—

—

107,482

—

—

—

107,482

Commercial

Mortgage-Backed

Securities

—

—

310,908

—

—

—

310,908

Corporate

Bonds

—

—

7,395,843

—

—

—

7,395,843

Foreign

Governmental

—

—

542,954

—

—

—

542,954

Municipal

Securities

—

—

74,746

—

—

—

74,746

Supranational

Bank

—

—

367,148

—

—

—

367,148

U.S.

Government

Agencies

Mortgage-Backed

—

—

7,891,631

—

—

—

7,891,631

U.S.

Treasury

Government

Securities

—

—

10,577,845

—

—

—

10,577,845

Investment

Companies

134,623

—

—

—

—

—

134,623

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

Corporate

Bonds

—

—

27,375,121

—

—

—

27,375,121

Investment

Companies

299,316

—

—

—

—

—

299,316

BNY

Mellon

High

Yield

Beta

ETF

Corporate

Bonds

—

—

24,527,321

—

—

—

24,527,321

Investment

Companies

151,042

—

—

—

—

—

151,042

Investment

of

Cash

Collateral

for

Securities

Loaned

293,830

—

—

—

—

—

293,830

Other

Financial

Instruments:

Centrally

Cleared

Credit

Default

Swaps

††

—

—

17,680

—

—

—

17,680

85

(b)

Foreign

currency

transactions:

 BNY

Mellon

International

Equity

ETF

and

BNY

Mellon

Emerging

Markets

Equity

ETF

do

not

isolate

that

portion

of

the

results

of

operations

resulting

from

changes

in

foreign

exchange

rates

on

investments

from

the

fluctuations

arising

from

changes

in

the

market

prices

of

securities

held.

Such

fluctuations

are

included

with

the

net

realized

and

unrealized

gain

or

loss

on

investments.

Net

realized

foreign

exchange

gains

or

losses

arise

from

sales

of

foreign

currencies,

currency

gains

or

losses

realized

on

securities

transactions

between

trade

and

settlement

date,

and

the

difference

between

the

amounts

of

dividends,

interest

and

foreign

withholding

taxes

recorded

on

the

funds’

books

and

the

U.S.

dollar

equivalent

of

the

amounts

actually

received

or

paid.

Net

unrealized

foreign

exchange

gains

and

losses

arise

from

changes

in

the

value

of

assets

and

liabilities

other

than

investments

resulting

from

changes

in

exchange

rates.

Foreign

currency

gains

and

losses

on

foreign

currency

transactions

are

also

included

with

net

realized

and

unrealized

gain

or

loss

on

investments.

Foreign

Taxes:

The

funds

may

be

subject

to

foreign

taxes

(a

portion

of

which

may

be

reclaimable)

on

income,

stock

dividends,

realized

and

unrealized

capital

gains

on

investments

or

certain

foreign

currency

transactions.

Foreign

taxes

are

recorded

in

accordance

with

the

fund

understanding

of

the

applicable

foreign

tax

regulations

and

rates

that

exist

in

the

foreign

jurisdictions

in

which

the

funds

invest.

These

foreign

taxes,

if

any,

are

paid

by

the

funds

and

are

reflected

in

the

Statements

of

Operations,

if

applicable.

Foreign

taxes

payable

or

deferred

as

of

April

30,

2020,

if

any,

are

disclosed

in

the

funds’

Statements

of

Assets

and

Liabilities.

(c)

Securities

transactions

and

investment

income:

Securities

transactions

are

recorded

on

a

trade

date

basis.

Realized

gains

and

losses

from

securities

transactions

are

recorded

on

the

identified

cost

basis.

Dividend

income

is

recognized

on

the

ex-dividend

date

and

interest

income,

including,

where

applicable,

accretion

of

discount

and

amortization

of

premium

on

investments,

is

recognized

on

the

accrual

basis.

Pursuant

to

a

securities

lending

agreement

with

BNY

Mellon,

the

funds

may

lend

securities

to

qualified

institutions.

It

is

the

funds’

policy

that,

at

origination,

all

loans

are

secured

by

collateral

of

at

least

102%

of

the

value

of

U.S.

securities

loaned

and

105%

of

the

value

of

foreign

securities

loaned.

Collateral

equivalent

to

at

least

100%

of

the

market

value

of

securities

on

loan

is

maintained

at

all

times.

Collateral

is

either

in

the

form

of

cash,

which

can

be

invested

in

certain

money

market

mutual

funds

managed

by

the

Adviser,

or

U.S.

Government

and

Agency

securities.

The

funds

are

entitled

to

receive

all

dividends,

interest

and

distributions

on

securities

loaned,

in

addition

to

income

earned

as

a

result

of

the

lending

transaction.

Should

a

borrower

fail

to

return

the

securities

in

a

timely

manner,

The

Bank

of

New

York

Mellon

is

required

to

replace

the

securities

for

the

benefit

of

the

funds

or

credit

the

funds

with

the

market

value

of

the

unreturned

securities

and

is

subrogated

to

the

funds’

rights

against

the

borrower

and

the

collateral.

Additionally,

the

contractual

maturity

of

security

lending

transactions

are

on

an

overnight

and

continuous

basis.

The

table

below

summarizes

the

amount BNY

Mellon

earned

from

each

relevant

fund

from

lending

portfolio

securities,

pursuant

to

the

securities

lending

agreement

during

the

period

ended

April

30,

2020.

Securities

Lending

Agreement

(d)

Affiliated

issuers:

Investments

in

other

investment

companies

advised

by

the

Adviser

are

defined

as

“affiliated”

under

the

Act.

(e)

Risk:

Certain

events

particular

to

the

industries

in

which

BNY

US

Large

Cap

Core

Equity

ETF,

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF,

BNY

Mellon

US

Small

Cap

Core

Equity

ETF,

BNY

Mellon

Core

Bond

ETF,

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

and

BNY

Mellon

High

Yield

Beta

ETF

investments

conduct

their

operations,

as

well

as

general

economic,

political

and

public

health

conditions,

may

have

a

significant

negative

impact

on

the

investee’s

operations

and

profitability.

BNY Mellon

International

Equity

ETF

and

BNY

Mellon

Emerging

Markets

ETF

invest

in

foreign

markets

which

may

involve

special

risks

and

considerations

not

typically

associated

with

investing

in

the

U.S.

These

risks

include

revaluation

of

currencies,

high

rates

of

inflation,

repatriation

restrictions

on

income

and

capital,

and

adverse

political,

economic

developments

and

public

health

conditions.

Moreover,

securities

issued

in

these

markets

may

be

less

liquid,

subject

to

government

ownership

controls

and

delayed

settlements,

and

their

prices

may

be

more

volatile

than

those

of

comparable

securities

in

the

U.S.

In

addition,

turbulence

in

financial

markets

and

reduced

liquidity

in

equity,

credit

and/or

fixed

income

markets

may

negatively

affect

many

issuers,

which

could

adversely

affect

each

fund.

Global

economies

and

financial

markets

are

becoming

increasingly

interconnected,

and

conditions

and

events

in

one

country,

region

or

financial

market

may

adversely

impact

issuers

in

a

different

country,

region

or

financial

market.

These

risks

may

be

magnified

if

certain

events

or

developments

adversely

interrupt

the

global

supply

chain;

in

these

and

other

circumstances,

such

risks

might

affect

companies

world-wide.

Recent

examples

include

pandemic

risks

related

to

COVID-19

and

aggressive

measures

†

See

Statement

of

Investments

for

additional

detailed

categorizations,

if

any.

††

Amount

shown

represents

unrealized

appreciation

(depreciation)

at

period

end,

but

only

variation

margin

on

exchange

traded

and

centrally

cleared

derivatives,

if

any,

are

reported

in

the

Statement

of

Assets

and

liabilities.

BNY

Mellon

US

Large

Cap

Core

Equity

ETF

$

0

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

16

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

180

BNY

Mellon

Emerging

Markets

Equity

ETF

13

BNY

Mellon

Core

Bond

ETF

1

BNY

Mellon

High

Yield

Beta

ETF

5

86

NOTES

TO

FINANCIAL

STATEMENTS

(Unaudited)

(continued)

taken

world-wide

in

response

by

governments,

including

closing

borders,

restricting

international

and

domestic

travel,

and

the

imposition

of

prolonged

quarantines

of

large

populations,

and

by

businesses,

including

changes

to

operations

and

reducing

staff.

To

the

extent

the

funds

may

overweight

its

investments

in

certain

countries,

companies,

industries

or

market

sectors,

such

positions

will

increase

each

fund’s

exposure

to

risk

of

loss

from

adverse

developments

affecting

those

countries,

companies,

industries

or

sectors. 

BNY

Mellon

Core

Bond

ETF,

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

and

BNY

Mellon

High

Yield

Beta

ETF

invests

in

debt

securities.

Failure

of

an

issuer

of

the

debt

securities

to

make

timely

interest

or

principal

payments,

or

a

decline

or

the

perception

of

a

decline

in

the

credit

quality

of

a

debt

security,

can

cause

the

debt

security’s

price

to

fall,

potentially

lowering

the

fund’s

share

price.

High

Yield

(“junk”)

bonds

involve

greater

credit

risk,

including

the

risk

of

default,

than

investment

grade

bonds,

and

are

considered

predominantly

speculative

with

respect

to

the

issuer’s

continuing

ability

to

make

principal

and

interest

payments.

In

addition,

the

value

of

debt

securities

may

decline

due

to

general

market

conditions

that

are

not

specifically

related

to

a

particular

issuer,

such

as

real

or

perceived

adverse

economic

conditions,

changes

in

outlook

for

corporate

earnings,

changes

in

interest

or

currency

rates

or

adverse

investor

sentiment.

They

may

also

decline

because

of

factors

that

affect

a

particular

industry.

(f)

Dividends

and

distributions

to

shareholders:

Dividends

and

distributions

payable

to

shareholders

are

recorded

by

each

fund

on

the

ex-dividend

date.

BNY

Mellon

US

Large

Cap

Core

Equity

ETF,

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF,

BNY

Mellon

US

Small

Cap

Core

Equity

ETF,

BNY

Mellon

International

Equity

ETF

and

BNY

Mellon

Emerging

Markets

Equity

ETF

normally

declare

and

pay

dividends

from

investment

income-net

quarterly.

BNY

Mellon

Core

Bond

ETF,

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

and

BNY

Mellon

High

Yield

Beta

ETF

normally

declares

and

pays

dividends

from

investment

income-net

monthly.

Income

dividends

for

each

fund

may

vary

significantly

from

period

to

period. Dividends

from

net

realized

capital

gains,

if

any,

are

normally

declared

and

paid

annually,

but

each

fund

may

make

distributions

on

a

more

frequent

basis

to

comply

with

the

distribution

requirements

of

the

Internal

Revenue

Code

of

1986,

as

amended

(the

“Code”).

To

the

extent

that

net

realized

capital

gains

can

be

offset

by

capital

loss

carryovers

of

a

fund,

it

is

the

policy

of

each

fund

not

to

distribute

such

gains.

Income

and

capital

gain

distributions

are

determined

in

accordance

with

income

tax

regulations,

which

may

differ

from

GAAP.

(g)

Federal

income

taxes:

It

is

the

policy

of

each

fund

to

qualify

as

a

regulated

investment

company,

if

such

qualification

is

in

the

best

interests

of

its

shareholders,

by

complying

with

the

applicable

provisions

of

the

Code,

and

to

make

distributions

of

taxable

income

sufficient

to

relieve

it

from

substantially

all

federal

income

and

excise

taxes.

For

federal

income

tax

purposes,

each

fund

is

treated

as

a

separate

entity

for

the

purpose

of

determining

such

qualification.

As

of

and

during

the

period

ended

April

30,

2020,

the

funds

did

not

have

any

liabilities

for

any

uncertain

tax

positions.

Each

fund

recognizes

interest

and

penalties,

if

any,

related

to

uncertain

tax

positions

as

income

tax

expense

in

the

Statements

of

Operations.

During

the

period

ended

April

30,

2020,

the

funds

did

not

incur

any

interest

or

penalties.

NOTE

3—Management

Fee,

Sub-Investment

Advisory

Fee

and

Other

Transactions

with

Affiliates:

(a)

Fees

payable

by

the

funds

pursuant

to

the

provisions

of

a

management

agreement

with

the

Adviser

are

payable

monthly,

computed

at

an

annual

rate on

the

average

daily

value

of

each

fund’s

net

assets

of

which

are

summarized

in

the

table

below.

Management

Agreement

Fees

For

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF,

BNY

Mellon

US

Small

Cap

Core

Equity

ETF,

BNY

Mellon

International

Equity

ETF,

BNY

Mellon

Emerging

Markets

Equity

ETF,

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

and

BNY

Mellon

High

Yield

Beta

ETF,

each

fund’s

management

agreement

provides

that

the

Adviser

will

pay

substantially

all

expenses

of

such

fund,

except

for

the

management

fees,

payments

under

the

fund’s

12b-

1

plan

(if

any),

interest

expenses,

taxes,

acquired

fund

fees

and

expenses,

brokerage

commissions,

costs

of

holding

shareholder

meetings,

fees

and

expenses

associated

with

the

fund’s

securities

lending

program,

and

litigation

and

potential

litigation

and

other

extraordinary

expenses

not

incurred

in

the

ordinary

course

of

the

fund’s

business.

For

the

BNY

Mellon

US

Large

Cap

Core

Equity

ETF

and

the

BNY

Mellon

Core

Bond

ETF,

each

fund’s

management

agreement

provides

that

the

Adviser

will

pay

substantially

all

expenses

of

such

fund,

except

for

the

management

fees,

interest

expenses,

taxes,

brokerage

commissions,

costs

of

holding

shareholder

meetings,

fees

and

expenses

associated

with

the

fund’s

securities

lending

program,

and

litigation

and

potential

litigation

and

other

extraordinary

expenses

not

incurred

in

the

ordinary

course

of

the

fund’s

business.

For

the

BNY

Mellon

US

Large

Cap

Core

Equity

ETF

and

the

BNY

Mellon

Core

Bond

ETF,

each

fund’s

management

agreement

provides

that

the

Adviser

will pay

all

acquired

fund

fees

and

expenses.

The

Adviser

may

from

time

to

time

voluntarily

waive

and/or

reimburse

fees

or

expenses

in

order

to

limit

total

annual

fund

operating

expenses.

Any

such

voluntary

waiver

or

reimbursement

BNY

Mellon

US

Large

Cap

Core

Equity

ETF

0.00%

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

0.04%

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

0.04%

BNY

Mellon

International

Equity

ETF

0.04%

BNY

Mellon

Emerging

Markets

Equity

ETF

0.11%

BNY

Mellon

Core

Bond

ETF

0.00%

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

0.06%

BNY

Mellon

High

Yield

Beta

ETF

0.22%

87

may

be

eliminated

by

the

Adviser

at

any

time.

During

the

period

ended

April

30,

2020,

there

were

no

reduction

in

expenses

pursuant

to

the

undertaking. 

Pursuant

to

a

sub-investment

advisory

agreement

between

the

Adviser

and

the

Sub-Adviser,

the

Sub-Adviser

serves

as

each

fund’s

sub-investment

adviser

responsible

for

the

day-to-day

management

of

each

fund’s

portfolio.

The

Adviser

pays

the

sub-investment

adviser

a

monthly

fee

at

an

annual

percentage

of

the

value

of

each

fund’s

average

daily

net

assets.

The

Adviser

has

obtained

an

exemptive

order

from

the

SEC

(the

“Order”),

upon

which

each

fund

may

rely,

to

use

a

manager

of

managers

approach

that

permits

the

Adviser,

subject

to

certain

conditions

and

approval

by

the

Board,

to

enter

into

and

materially

amend

sub-investment

advisory

agreements

with

one

or

more

sub-

investment

advisers

who

are

either

unaffiliated

or

affiliated

with

the

Adviser

without

obtaining

shareholder

approval.

The

Order

also

relieves

each

fund

from

disclosing

the

sub-investment

advisory

fee

paid

by

the

Adviser

to

a

sub-adviser

in

documents

filed

with

the

SEC

and

provided

to

shareholders.

In

addition,

pursuant

to

the

Order,

it

is

not

necessary

to

disclose

the

sub-

investment

advisory

fee

payable

by

the

Adviser

separately

to

a

sub-adviser

that

is

a

wholly-owned

subsidiary

(as

defined

in

the

1940

Act)

of

BNY

Mellon

in

documents

filed

with

the

SEC

and

provided

to

shareholders;

such

fees

are

to

be

aggregated

with

fees

payable

to

the

Adviser.

The

Adviser

has

ultimate

responsibility

(subject

to

oversight

by

the

Board)

to

supervise

any

sub-adviser

and

recommend

the

hiring,

termination,

and

replacement

of

any

sub-adviser

to

the

Board.

For

each

fund,

the

Adviser

will

pay

a

contractual

fee

rate

to

the

Sub-Adviser,

at

the

annual

rate

set

forth

in

the

table

below

(stated

as

a

percentage

of

each

fund's

average

daily

net

assets).

The

Adviser,

and

not

the

funds,

pays

the

Sub-Adviser

fee

rate.

Sub-Investment

Advisory

Agreement

Fees

(b)

The

table

below

summarizes

the

components

of

“Due

to

BNY

Mellon

ETF

Investment

Adviser,

LLC.”

in

the

Statements

of

Assets

and

Liabilities

for

each

fund.

Due

to

BNY

Mellon

ETF

Investment

Adviser,

LLC

Management

fees

(c)

Each

Board

member

serves

as

a

Board

member

of each

fund

within

the

Trust.

Annual

retainer

fees

and

attendance

fees

are

allocated

to

each

fund

based

on

net

assets.

NOTE

4—Securities

Transactions:

The

table

below

summarizes

each

fund’s

aggregate

amount

of

purchases

and

sales

(including

paydowns,

if

any)

of

investment

securities,

excluding

short-term

securities,

futures

and

swap

agreements and

in-kind

transactions,

during

the

period

ended

April

30,

2020.

Purchases

and

Sales

Derivatives:

A

derivative

is

a

financial

instrument

whose

performance

is

derived

from

the

performance

of

another

asset.

Each

type

of

derivative

instrument

that

was

held

by

the

fund

during

the 

period

ended

April

30,

2020

is

discussed

below.

Futures:

In

the

normal

course

of

pursuing

their

investment

objective,

exposed

to

market

risk,

including

equity

price

risk,

as

a

result

of

changes

in

value

of

underlying

financial

instruments.

BNY

Mellon

International

Equity

ETF

and

BNY

Mellon

Emerging

Markets

ETF

invest

in

futures

in

order

to

manage

their

exposure

to

or

protect

against

changes

in

the

market.

A

futures

contract

represents

a

commitment

for

the

future

purchase

or

a

sale

of

an

asset

at

a

specified

date.

Upon

entering

into

such

contracts,

these

investments

require

initial

margin

deposits

with

a

counterparty,

which

consist

of

cash

or

cash

equivalents.

The

amount

of

these

deposits

is

determined

by

the

exchange

or

Board

of

Trade

on

which

the

contract

is

traded

and

is

subject

to

change.

Accordingly,

variation

margin

payments

are

received

or

made

to

reflect

daily

unrealized

gains

or

losses

which

are

recorded

BNY

Mellon

US

Large

Cap

Core

Equity

ETF

0.02%

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

0.02%

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

0.02%

BNY

Mellon

International

Equity

ETF

0.02%

BNY

Mellon

Emerging

Markets

Equity

ETF

0.055%

BNY

Mellon

Core

Bond

ETF

0.03%

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

0.03%

BNY

Mellon

High

Yield

Beta

ETF

0.11%

BNY

Mellon

US

Large

Cap

Core

Equity

ETF

$

-

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

652

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

725

BNY

Mellon

International

Equity

ETF

195

BNY

Mellon

Emerging

Markets

Equity

ETF

529

BNY

Mellon

Core

Bond

ETF

-

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

291

BNY

Mellon

High

Yield

Beta

ETF

1,049

Purchases

Sales

BNY

Mellon

US

Large

Cap

Core

Equity

ETF

$25,107,793

$

-

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

25,082,367

82,281

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

25,032,319

23,488

BNY

Mellon

International

Equity

ETF

23,925,389

-

BNY

Mellon

Emerging

Markets

Equity

ETF

24,077,959

-

BNY

Mellon

Core

Bond

ETF

27,597,733

1,007,763

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

25,708,776

763,337

BNY

Mellon

High

Yield

Beta

ETF

25,082,096

517,755

88

NOTES

TO

FINANCIAL

STATEMENTS

(Unaudited)

(continued)

in

the

Statements

of

Operations.

When

the

contracts

are

closed,

the

fund

recognizes

a

realized

gain

or

loss

which

is

reflected

in

the

Statements

of

Operations.

There

is

minimal

counterparty

credit

risk

to

the

fund

with

futures

since

they

are

exchange

traded,

and

the

exchange

guarantees

the

futures

against

default.

Futures

open

at

April

30,

2020,

are

set

forth

in

the

Statement

of

Investments

for

each

fund.

Swap

Agreements:

 BNY

Mellon

High

Yield

Beta

ETF enters

into

swap

agreements

to

exchange

the

interest

rate

on,

or

return

generated

by,

one

nominal

instrument

for

the

return

generated

by

another

nominal

instrument.

Swap

agreements

are

privately

negotiated

in

the

OTC

market

or

centrally

cleared.

The

fund

enters

into

these

agreements

to

hedge

certain

market

or

interest

rate

risks,

to

manage

the

interest

rate

sensitivity

(sometimes

called

duration)

of

fixed

income

securities,

to

provide

a

substitute

for

purchasing

or

selling

particular

securities

or

to

increase

potential

returns.

For

OTC

swaps,

the

fund

accrues

for

interim

payments

on

a

daily

basis,

with

the

net

amount

recorded

within

unrealized

appreciation

(depreciation)

on

swap

agreements

in

the

Statement

of

Assets

and

Liabilities.

Once

the

interim

payments

are

settled

in

cash,

the

net

amount

is

recorded

as

a

realized

gain

(loss)

on

swaps,

in

addition

to

realized

gain

(loss)

recorded

upon

the

termination

of

swap

agreements

in

the

Statement

of

Operations.

Upfront

payments

made

and/or

received

by

the

fund,

are

recorded

as

an

asset

and/or

liability

in

the

Statement

of

Assets

and

Liabilities

and

are

recorded

as

a

realized

gain

or

loss

ratably

over

the

agreement’s

term/event

with

the

exception

of

forward

starting

interest

rate

swaps

which

are

recorded

as

realized

gains

or

losses

on

the

termination

date.

Upon

entering

into

centrally

cleared

swap

agreements,

an

initial

margin

deposit

is

required

with

a

counterparty,

which

consists

of

cash

or

cash

equivalents.

The

amount

of

these

deposits

is

determined

by

the

exchange

on

which

the

agreement

is

traded

and

is

subject

to

change.

The

change

in

valuation

of

centrally

cleared

swaps

is

recorded

as

a

receivable

or

payable

for

variation

margin

in

the

Statement

of

Assets

and

Liabilities.

Payments

received

from

(paid

to)

the

counterparty,

including

upon

termination,

are

recorded

as

realized

gain

(loss)

in

the

Statement

of

Operations.

Fluctuations

in

the

value

of

swap

agreements

are

recorded

for

financial

statement

purposes

as

unrealized

appreciation

or

depreciation

on

swap

agreements.

Credit

Default

Swaps:

Credit

default

swaps

involve

commitments

to

pay

a

fixed

interest

rate

in

exchange

for

payment

if

a

credit

event

affecting

a

third

party

(the

referenced

obligation

or

index)

occurs.

Credit

events

may

include

a

failure

to

pay

interest

or

principal,

bankruptcy,

or

restructuring.

The

fund

enters

into

these

agreements

to

manage

its

exposure

to

the

market

or

certain

sectors

of

the

market,

to

reduce

its

risk

exposure

to

defaults

of

corporate

and

sovereign

issuers,

or

to

create

exposure

to

corporate

or

sovereign

issuers

to

which

it

is

not

otherwise

exposed.

For

those

credit

default

swaps

in

which

the

fund

is

paying

a

fixed

rate,

the

fund

is

buying

credit

protection

on

the

instrument.

In

the

event

of

a

credit

event,

the

fund

would

receive

the

full

notional

amount

for

the

reference

obligation.

For

those

credit

default

swaps

in

which

the

fund

is

receiving

a

fixed

rate,

the

fund

is

selling

credit

protection

on

the

underlying

instrument.

The

maximum

payouts

for

these

agreements

are

limited

to

the

notional

amount

of

each

swap.

Credit

default

swaps

may

involve

greater

risks

than

if

the

fund

had

invested

in

the

reference

obligation

directly

and

are

subject

to

general

market

risk,

liquidity

risk,

counterparty

risk

and

credit

risk.

The

maximum

potential

amount

of

future

payments

(undiscounted)

that

a

fund

as

a

seller

of

protection

could

be

required

to

make

under

a

credit

default

swap

agreement

would

be

an

amount

equal

to

the

notional

amount

of

the

agreement

which

may

exceed

the

amount

of

unrealized

appreciation

or

depreciation

reflected

in

the

Statement

of

Assets

and

Liabilities.

Notional

amounts

of

all

credit

default

swap

agreements

are

disclosed

in

the

Statement

of

Investments

of

the

fund,

which

summarizes

open

credit

default

swaps

entered

into

by

the

fund.

These

potential

amounts

would

be

partially

offset

by

any

recovery

values

of

the

respective

referenced

obligations,

underlying

securities

comprising

the

referenced

index,

upfront

payments

received

upon

entering

into

the

agreement,

or

net

amounts

received

from

the

settlement

of

buy

protection

credit

default

swap

agreements

entered

into

by

the

fund

for

the

same

referenced

entity

or

entities.

Credit

default

swap

open

at

April

30,

2020

are

set

forth

in

the

Statement

of

Investments

for

the

fund.

GAAP

requires

disclosure

for

(i)

the

nature

and

terms

of

the

credit

derivative,

reasons

for

entering

into

the

credit

derivative,

the

events

or

circumstances

that

would

require

the

seller

to

perform

under

the

credit

derivative,

and

the

current

status

of

the

payment/performance

risk

of

the

credit

derivative,

(ii)

the

maximum

potential

amount

of

future

payments

(undiscounted)

the

seller

could

be

required

to

make

under

the

credit

derivative,

(iii)

the

fair

value

of

the

credit

derivative,

and

(iv)

the

nature

of

any

recourse

provisions

and

assets

held

either

as

collateral

or

by

third

parties.

All

required

disclosures

have

been

made

and

are

incorporated

within

the

current

period

as

part

of

the

Notes

to

the

Statement

of

Investments

and

disclosures

within

this

Note.

The

following

tables

show

the

funds’

exposure

to

different

types

of

market

risk

as

it

relates

to

the

Statement

of

Assets

and

Liabilities

and

the

Statements

of

Operations,

respectively. 

Fair

value

of

derivative

instruments

as

of

April

30,

2020

is

shown

below:

89

Statement

of

Assets

and

Liabilities

location:

Includes

cumulative

appreciation

(depreciation)

on

futures

as

reported

in

the

Statement

of

Investments,

but

only

the

unpaid

variation

margin

is

reported

in

the

Statement

of

Assets

and

Liabilities.

Includes

cumulative

appreciation

(depreciation)

on

swap

agreements

as

reported

in

the

Statement

of

Investments.

Only

unpaid

variation

margin

on

cleared

swap

agreements

is

reported

in

the

Statements

of

Assets

and

Liabilities.

The

effect

of

derivative

instruments

in

the

Statement

of

Operations

during

the

period

ended

April

30,

2020 is

shown

below:

The following

table summarizes

the

average market

value of

derivatives

outstanding

during

the

period

ended

April

30,

2020:

The following

table summarizes

the

average

notional

value of

derivatives

outstanding

during

the

period

ended

April

30,

2020:

The

table

below

summarizes

gross

appreciation,

gross

depreciation

and

accumulated

net

unrealized

appreciation

(depreciation)

on

investments

inclusive

of

derivative

contracts

for

each

fund

at

April

30,

2020.

At

April

30,

2020,

the

cost

of

investments

inclusive

of

derivative

contracts

for

federal

income

tax

purposes

was

substantially

the

same

as

the

cost

for

financial

reporting

purposes

(see

the

Statements

of

Investments).

Accumulated

Net

Unrealized

Appreciation

(Depreciation)

Derivative

Assets

($)

Derivative

Liabilities

($)

BNY

Mellon

International

Equity

ETF

Equity

risk

(a)

36,094

-

BNY

Mellon

Emerging

Markets

Equity

ETF

Equity

risk

(a)

21,862

-

BNY

Mellon

High

Yield

Beta

ETF

Credit

risk

(b)

17,680

-

Amount

of

realized

gain

(loss)

on

derivatives

($)

Underlying

risk

Futures

Swap

Agreements

Total

BNY

Mellon

High

Yield

Beta

ETF

Credit

risk

-

(4,721

)

(4,721

)

Net

change

in

unrealized

appreciation

(depreciation)

on

derivatives

($)

Underlying

risk

Futures

Swap

Agreements

Total

BNY

Mellon

International

Equity

ETF

Equity

risk

36,094

-

36,094

BNY

Mellon

Emerging

Markets

Equity

ETF

Equity

risk

21,862

-

21,862

BNY

Mellon

High

Yield

Beta

ETF

Credit

risk

-

17,680

17,680

Average

Market

Value

BNY

Mellon

International

Equity

ETF

Equity

risk

futures

$1,110,875

BNY

Mellon

Emerging

Markets

Equity

ETF

Equity

risk

futures

905,900

Average

Notional

Value

BNY

Mellon

High

Yield

Beta

ETF

Credit

risk

swap

agreements

$1,000,000

Gross

Appreciation

Gross

Depreciation

Net

BNY

Mellon

US

Large

Cap

Core

Equity

ETF

$2,638,289

$(33,554)

$2,604,735

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

2,975,519

(95,294)

2,880,225

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

4,303,189

(139,987)

4,163,202

BNY

Mellon

International

Equity

ETF

1,185,375

(145,045)

1,040,330

BNY

Mellon

Emerging

Markets

Equity

ETF

1,026,233

(137,370)

888,863

BNY

Mellon

Core

Bond

ETF

28,615

(122,787)

(94,172)

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

36,482

(68,265)

(31,783)

BNY

Mellon

High

Yield

Beta

ETF

255,146

(283,162)

(28,016)

90

NOTES

TO

FINANCIAL

STATEMENTS

(Unaudited)

(continued)

NOTE

5—Shareholder

Transactions:

Each

fund

issues

and

redeems

its

shares

on

a

continuous

basis,

at

NAV,

to

certain

institutional

investors

known

as

“Authorized

Participants”

(typically

market

makers

or

other

broker-dealers)

only

in

a

large

specified

number

of

shares

called

a

Creation

Unit.

Except

when

aggregated

in

Creation

Units,

shares

of

each

fund

are

not

redeemable.

The

value

of

each

fund

is

determined

once

each

business

day.

The

Creation

Unit

size

for

a

fund

may

change.

Authorized

Participants

will

be

notified

of

such

change.

Creation

Unit

transactions

may

be

made

in-kind,

for

cash,

or

for

a

combination

of

securities

and

cash.

The

principal

consideration

for

creations

and

redemptions

for

each

fund

is

in-

kind,

although

this

may

be

revised

at

any

time

without

notice.

The

Trust

issues

and

sells

shares

of

each

fund

only:

in

Creation

Units

on

a

continuous

basis

through

the

Distributor,

without

a

sales

load,

at

their

NAV

per

share

determined

after

receipt

of

an

order,

on

any

Business

Day,

in

proper

form

pursuant

to

the

terms

of

the

Authorized

Participant

Agreement.

Transactions

in

capital

shares

for

each

fund

are

disclosed

in

detail

in

the

Statements

of

Changes

in

Net

Assets.

The

consideration

for

the

purchase

of

Creation

Units

of

a

fund

may

consist

of

the

in-kind

deposit

of

a

designated

portfolio

of

securities

and

a

specified

amount

of

cash.

Investors

purchasing

and

redeeming

Creation

Units

may

pay

a

purchase

transaction

fee

and

a

redemption

transaction

fee

directly

to

the

Trust

and/or

custodian

to

offset

transfer

and

other

transaction

costs

associated

with

the

issuance

and

redemption

of

Creation

Units,

including

Creation

Units

for

cash.

An

additional

variable

fee

may

be

charged

for

certain

transactions.

Such

variable

charges,

if

any,

are

included

in

“Other

Capital”

on

the

Statements

of

Changes

in

Net

Assets.

In-kind

Redemptions:

For

financial

reporting

purposes,

in-

kind

redemptions

are

treated

as

sales

of

securities

resulting

in

realized

capital

gains

or

losses

to

the

funds.

Because

such

gains

or

losses

are

not

taxable

to

the

funds

and

are

not

distributed

to

existing

fund

shareholders,

the

gains

or

losses

are

reclassified

from

accumulated

net

realized

gain

(loss)

to

paid-in

capital

at

the

end

of

the

funds’

tax

year.

These

reclassifications

have

no

effect

on

net

assets

or

net

asset

value

per

share

The

table

below

summarizes

each

fund’s

in-kind

transactions

associated

with

creations

and

redemptions,

during

the

period

ended

April

30,

2020.

In-Kind

Transactions

Cost

of

Securities

Received

Value

of

Securities

Delivered

BNY

Mellon

US

Large

Cap

Core

Equity

ETF

$5,290,162

$-

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

2,671,871

-

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

5,158,351

-

BNY

Mellon

International

Equity

ETF

-

-

BNY

Mellon

Emerging

Markets

Equity

ETF

-

-

BNY

Mellon

Core

Bond

ETF

777,283

-

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

2,469,532

-

BNY

Mellon

High

Yield

Beta

ETF

-

-

91

INFORMATION

ABOUT

THE

APPROVAL

OF

EACH

FUND’S

MANAGEMENT

AND

SUB-

INVESTMENT

ADVISORY

AGREEMENTS

(Unaudited)

At

an

in-person

meeting

held

February

5,

2020,

the

Board

evaluated

proposals

to

approve

the

Management

Agreement

(the

“Agreement”)

between

the

Trust

and

the

Adviser

pursuant

to

which

the

Adviser

will

provide

each

fund,

which

commenced

operations

during

the

period

covered

by

this

Semiannual

Report,

with

investment

advisory

and

administrative

services,

and

the

Sub-

Investment

Advisory

Agreement

(together,

the

"Agreements"),

pursuant

to

which

Mellon

Investments

Corporation

(the

"Sub-

Adviser"),

an

affiliate

of

the

Adviser,

will

provide

day-to-day

management

of

each

fund’s

investments.

The

Board

was

advised

by

legal

counsel

throughout

the

process.

To

evaluate

the

Agreements,

the

Board

requested,

and

the

Adviser

and

Sub-Adviser

provided,

such

materials

as

the

Board,

with

the

advice

of

counsel,

deemed

reasonably

necessary.

In

deciding

whether

to

approve

the

Agreements,

the

Board

considered

various

factors,

including

the

(i)

nature,

extent

and

quality

of

services

expected

to

be

provided

by

the

Adviser

and

Sub-Adviser

under

each

respective

Agreement,

(ii)

fees

charged

to

comparable

funds,

(iii)

other

benefits

to

the

Adviser

and

Sub-

Adviser,

and

(iv)

extent

to

which

economies

of

scale

would

be

shared

as

the

funds

grow.

The

Board

considered

the

Agreements

for

each

fund

and

the

engagement

of

the

Adviser

and

the

Sub-

Adviser

separately.

Nature,

Extent

and

Quality

of

Services

The

Board

considered

the

nature,

extent

and

quality

of

services

expected

to

be

provided

by

the

Adviser

and

Sub-Adviser.

The

Board

reviewed

the

Agreements

and

the

Adviser’s

anticipated

responsibilities

of

investment

advisory

and

administrative

services

for

each

fund,

including

oversight

of

day-to-day

fund

operations

fund

accounting,

administration,

and

assistance

in

meeting

legal

and

regulatory

requirements.

The

Board

considered

the

background

and

experience

of

the

Adviser

and

Sub-Adviser’s

senior

management,

including

those

individuals

responsible

for

portfolio

management

and

regulatory

compliance

of

the

funds.

The

Board

also

considered

the

Adviser’s

extensive

administrative,

accounting,

and

compliance

infrastructures,

as

well

as

the

Adviser’s

supervisory

activities

over

the

Sub-Adviser.

The

Board

appreciated

the

nature

of

each

fund

as

an

exchange-

traded

fund

and

the

experience

and

expertise

of

the

Sub-Adviser

with

exchange-traded

funds.

The

Board

considered

the

portfolio

management

resources,

structures

and

practices

of

the

Adviser

and

Sub-Adviser,

including

those

associated

with

monitoring

and

securing

each

fund’s

compliance

with

its

investment

objective

and

policy

and

with

applicable

laws

and

regulations.

The

Board

also

considered

information

about

the

Sub-Adviser’s

best

execution

procedures

and

overall

investment

management

business.

The

Board

looked

at

the

Adviser’s

general

knowledge

of

the

investment

management

business

and

that

of

its

affiliates,

including

the

Sub-

Adviser.

As

the

funds

had

not

yet

commenced

operations,

the

Board

was

not

able

to

review

the

funds’

performance.

The

Board

discussed

with

representatives

of

the

Adviser

and

the

Sub-

Adviser

the

proposed

portfolio

management

team

and

the

investment

strategy

to

be

employed

in

the

management

of

each

fund's

assets.

The

Board

was

provided

with

relevant

composite

performance

information.

The

Board

considered

the

reputation

and

experience

of

the

Adviser

and

its

affiliates,

including

the

Sub-Adviser.

Fees

Charged

to

Comparable

Funds

The

Board

evaluated

each

fund’s

proposed

unitary

fee

through

review

of

comparative

information

with

respect

to

fees

paid

by

similar

funds

–

i.e.,

exchange-traded

funds

tracking

similar

indexes.

The

Board

reviewed

the

universe

of

similar

exchange-

traded

funds

for

each

fund

based

upon

data

independently

obtained

from

Broadridge

Financial

Solutions,

Inc.

and

related

comparative

information

for

similar

exchange-traded

funds.

The

Board

also

reviewed

the

estimated

expense

ratio

for

each

fund.

In

doing

so,

the

Board

used

a

fund-by-fund

analysis

of

the

data.

The

Board

considered

the

fee

to

be

paid

to

the

Sub-Adviser

in

relation

to

the

fee

to

be

paid

to

the

Adviser

by

each

fund

and

the

respective

services

to

be

provided

by

the

Sub-Adviser

and

the

Adviser.

The

Board

also

took

into

consideration

that

the

Sub-

Adviser's

fee

will

be

paid

by

the

Adviser

and

not

the

funds.

Other

Benefits

The

Board

also

considered

whether

the

Adviser,

Sub-Adviser

or

their

affiliates

benefited

in

other

ways

from

their

relationship

with

the

Trust,

noting

that

the

neither

the

Adviser

nor

Sub-

Adviser

maintains

soft-dollar

arrangements

in

connection

with

the

funds’

brokerage

transactions.

Profitability

and

Economies

of

Scale

The

Board

reviewed

information

regarding

economies

of

scale

or

other

efficiencies

that

may

result

as

the

funds’

assets

grow

in

size.

The

Board

noted

that

the

Agreement

did

not

provide

for

breakpoints

in

the

funds’

advisory

fee

rate

as

assets

of

the

funds

increase.

However,

the

Board

further

noted

the

Adviser’s

assertion

that

future

economies

of

scale

(among

several

factors)

had

been

taken

into

consideration

for

the

funds

by

fixing

relatively

low

advisory

fees,

effectively

sharing

the

benefits

of

lower

fees

with

each

fund

from

the

time

of

its

inception.

The

Adviser

also

asserted

that

one

of

the

benefits

of

the

unitary

fee

was

to

provide

an

unvarying

expense

structure,

which

could

be

lost

or

diluted

with

the

addition

of

breakpoints.

The

Board

noted

that,

because

each

fund

is

new,

there

are

no

economies

of

scale

to

share,

but

it

intends

to

continue

to

monitor

fees

as

the

funds

grow

in

size

and

to

the

extent

in

the

future

it

were

determined

that

material

economies

of

scale

had

not

been

shared

with

a

fund,

the

Board

would

seek

to

have

those

economies

of

scale

shared

with

the

fund

in

connection

with

future

renewals.

As

the

funds

had

not

yet

commenced

operations,

the

Adviser’s

representatives

were

not

able

to

review

the

dollar

amount

of

expenses

allocated

and

profit

received

by

the

Adviser

or

Sub-Adviser.

92

INFORMATION

ABOUT

THE

APPROVAL

OF

EACH

FUND’S

MANAGEMENT

AND

SUB-INVESTMENT

ADVISORY

AGREEMENTS

(Unaudited)

(continued)

Conclusion

After

weighing

the

foregoing

factors,

none

of

which

was

dispositive

in

itself

and

may

have

been

weighed

differently

by

each

Trustee,

the

Board

approved

the

Agreements

for

the

funds.

The

Board’s

conclusions

with

respect

to

the

factors

were

as

follows:

(a)

the

nature

and

extent

of

the

services

expected

to

be

provided

by

the

Adviser

and

Sub-Adviser

with

respect

to

each

fund

was

appropriate;

(b)

the

Adviser’s

unitary

fee

for

each

fund,

considered

in

relation

to

services

expected

to

be

provided

and

in

relation

to

fees

charged

to

comparable

funds,

was

fair

and

reasonable;

and

(c)

any

additional

potential

benefits

to

the

Adviser,

Sub-Adviser

or

their

affiliates

were

not

of

a

magnitude

to

materially

affect

the

Board’s

conclusions.

For

More

Information

2020

BNY

Mellon

Securities

Corporation

ETFSA0420

Telephone

Call

your

financial

representative

or

1-833-ETF-BNYM

(383-2696)

(inside

the

U.S.

only)

Mail

BNY

Mellon

ETF

Trust,

240

Greenwich

Street,

New

York,

New

York

10286

E-Mail

Send

your

request

to

info@bnymellon.com

Internet

Information

can

be

viewed

online

or

downloaded

at

www.im.bnymellon.com

BNY

Mellon

ETF

Trust

discloses,

at

www.im.bnymellon.com

,

the

identities

and

quantities

of

the

securities

held

by

each

fund.

Each

fund

files

its

complete

schedule

of

portfolio

holdings

with

the

Securities

and

Exchange

Commission

(“SEC”)

for

the

first

and

third

quarters

of

each

fiscal

year

on

Form

N-PORT.

Each

fund’s

Forms

N-PORT

are

available

on

the

SEC’s

website

at

http://www.sec.gov

.

Each

fund’s

complete

schedule

of

portfolio

holdings,

as

filed

on

Form

N-PORT,

can

also

be

obtained

without

charge,

upon

request,

by

calling

1-800-373-9387.

A

description

of

the

policies

and

procedures

that

each

fund

uses

to

determine

how

to

vote

proxies

relating

to

portfolio

securities,

and

information

regarding

how

each

fund

voted

these

proxies

for

the

most

recent

12-month

period

ended

June

30

will

be

available

at

http://www.im.bnymellon.com

and

on

the

SEC’s

website

at

http://www.sec.gov

.

The

description

of

the

policies

and

procedures

is

also

available

without

charge,

upon

request,

by

calling

1-800-373-9387.

BNY

Mellon

ETF

Trust

Custodian

c/o

BNY

Mellon

ETF

Investment

Adviser,

LLC

240

Greenwich

Street

New

York,

NY

10286

The

Bank

of

New

York

Mellon

240

Greenwich

Street

New

York,

NY

10286

Adviser

Transfer

Agent

&

Dividend

Disbursing

Agent

BNY

Mellon

ETF

Investment

Adviser,

LLC

201

Washington

Street

Boston,

MA

02108

The

Bank

of

New

York

Mellon

240

Greenwich

Street

New

York,

NY

10286

Sub-Adviser

Distributor

Mellon

Investments

Corporation

BNY

Mellon

Center

One

Boston

Place

Boston,

MA

02108

BNY

Mellon

Securities

Corporation

240

Greenwich

Street

New

York,

NY

10286

Ticker

Symbols:

BNY

Mellon

US

Large

Cap

Core

Equity

ETF

BKLC

BNY

Mellon

US

Mid

Cap

Core

Equity

ETF

BKMC

BNY

Mellon

US

Small

Cap

Core

Equity

ETF

BKSE

BNY

Mellon

International

Equity

ETF

BKIE

BNY

Mellon

Emerging

Markets

Equity

ETF

BKEM

BNY

Mellon

Core

Bond

ETF

BKAG

BNY

Mellon

BNY

Mellon

Short

Duration

Corporate

Bond

ETF

BKSB

BNY

Mellon

High

Yield

Beta

ETF

BKHY

Item 2. Code of Ethics.

Not applicable.

Item 3. Audit Committee Financial Expert.

Not applicable.

Item 4. Principal Accountant Fees and Services.

Not applicable.

Item 5. Audit Committee of Listed Registrants.

Not applicable.

Item 6. Investments.

(a)   Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the report to shareholders filed under Item 1 of this form.

(b)   Not applicable.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant’s board of directors, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.

Item 11. Controls and Procedures.

(a)The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)).

(b)There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d))) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Not applicable.

Item 13. Exhibits.

(a)(1)   Not applicable.

(a)(2)   Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.

(a)(3)   Not applicable.

(a)(4)   Not applicable.

(b)         Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto.  

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)                             BNY Mellon ETF Trust                                                         

By (Signature and Title)*       /s/ David DiPetrillo                                                                
                                                David DiPetrillo, President

                                                (Principal Executive Officer)

Date    6/29/2020                               

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)*       /s/ David DiPetrillo                                                                
                                                David DiPetrillo, President

                                                (Principal Executive Officer)

Date    6/29/2020                               

By (Signature and Title)*       /s/ James Windels                                                        ______
                                                James Windels, Treasurer

                                                (Principal Financial and Accounting Officer)

Date    6/29/2020                               

^* Print the name and title of each signing officer under his or her signature.