BKAG is one of BNY Mellons first ETFs and launches with a true zero management fee (meaning without waivers). The fund holds a variety of fixed rate, USD-denominated bonds - it's one of a handful of ETFs tracking the broad and well-known Bloomberg US Aggregate Index. Its bonds include US Treasurys, government-related and corporate bonds, mortgage pass-through securities, ABS and CMBS that have at least one year until final maturity. Like the other three funds in the segment tracking the exact same Index (AGG, SCHZ and SPAB), BKAG offers market-like exposure to the broad US investment grade space with almost identical key statistics as our benchmark. The index is market-value weighted and its securities are updated monthly.