NPORT-EX 2 951980BNYM093023.htm
STATEMENT
OF
INVESTMENTS
July
31,
2023
(Unaudited)
1
Description
Shares
Value
($)
Common
Stocks
97.0%
Banks
3.1%
JPMorgan
Chase
&
Co.
1,801
284,486
Capital
Goods
3.8%
Ingersoll
Rand,
Inc.
2,847
185,824
Trane
Technologies
PLC
839
167,330
353,154
Commercial
&
Professional
Services
1.6%
Waste
Management,
Inc.
904
148,066
Consumer
Discretionary
Distribution
&
Retail
5.2%
Amazon.com,
Inc.
(a)
3,574
477,772
Consumer
Durables
&
Apparel
2.4%
NIKE,
Inc.,
Class
B
1,963
216,696
Consumer
Staples
Distribution
&
Retail
2.8%
Costco
Wholesale
Corp.
458
256,787
Financial
Services
5.0%
Goldman
Sachs
Group,
Inc.
(The)
464
165,124
Mastercard,
Inc.,
Class
A
735
289,796
454,920
Food,
Beverage
&
Tobacco
4.5%
Darling
Ingredients,
Inc.
(a)
2,188
151,519
PepsiCo,
Inc.
1,392
260,944
412,463
Health
Care
Equipment
&
Services
6.4%
Boston
Scientific
Corp.
(a)
4,625
239,806
Cooper
Cos.,
Inc.
(The)
481
188,196
Edwards
Lifesciences
Corp.
(a)
1,986
162,991
590,993
Insurance
3.9%
Chubb
Ltd.
881
180,085
Progressive
Corp.
(The)
1,446
182,167
362,252
Materials
4.0%
Albemarle
Corp.
656
139,256
CF
Industries
Holdings,
Inc.
1,349
110,726
Ecolab,
Inc.
623
114,096
364,078
Media
&
Entertainment
4.8%
Alphabet,
Inc.,
Class
A
(a)
3,299
437,843
STATEMENT
OF
INVESTMENTS
(continued)
2
See
Notes
to
Statement
of
Investments
Description
Shares
Value
($)
Common
Stocks
97.0%
(continued)
Pharmaceuticals,
Biotechnology
&
Life
Sciences
9.0%
AbbVie,
Inc.
1,470
219,883
Danaher
Corp.
892
227,513
Eli
Lilly
&
Co.
580
263,639
Merck
&
Co.,
Inc.
1,089
116,142
827,177
Semiconductors
&
Semiconductor
Equipment
7.6%
Applied
Materials,
Inc.
890
134,915
Enphase
Energy,
Inc.
(a)
511
77,585
NVIDIA
Corp.
649
303,271
Texas
Instruments,
Inc.
1,019
183,420
699,191
Software
&
Services
18.3%
Accenture
PLC,
Class
A
736
232,834
ANSYS,
Inc.
(a)
396
135,471
Intuit,
Inc.
465
237,940
Microsoft
Corp.
2,055
690,316
Roper
Technologies,
Inc.
374
184,401
Salesforce,
Inc.
(a)
866
194,859
1,675,821
Technology
Hardware
&
Equipment
9.3%
Apple,
Inc.
3,528
693,076
TE
Connectivity
Ltd.
1,101
157,982
851,058
Transportation
1.7%
Norfolk
Southern
Corp.
676
157,907
Utilities
3.6%
CMS
Energy
Corp.
2,467
150,660
NextEra
Energy,
Inc.
2,440
178,852
329,512
Total
Common
Stocks
(cost
$8,886,161)
8,900,176
Investment
Companies
3.0%
Registered
Investment
Companies
3.0%
Dreyfus
Institutional
Preferred
Government
Money
Market
Fund,
Institutional
Shares,
5.30%
(b)(c)
(cost
$279,519)
279,519
279,519
Total
Investments
(cost
$9,165,680)
100.0%
9,179,695
Cash
and
Receivables
(Net)
0.0%
2,148
Net
Assets
100.0%
9,181,843
(a)
Non-income
producing
security.
(b)
Investment
in
affiliated
issuer.
The
investment
objective
of
this
investment
company
is
publicly
available
and
can
be
found
within
the
investment
company’s
prospectus.
(c)
The
rate
shown
is
the
1-day
yield
as
of
July
31,
2023.
NOTES
TO
STATEMENT
OF
INVESTMENTS
(Unaudited)
3
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. BNY
Mellon
Sustainable
US
Equity
ETF (the
“fund”)
is an
investment
company
and
applies
the
accounting
and
reporting
guidance
of
the
FASB
ASC
Topic
946
Financial
Services-Investment
Companies. The
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.  
(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
the
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
fund’s
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
the
fund’s
investments
are
as
follows:
NOTES
TO
STATEMENT
OF
INVESTMENTS
(Unaudited)
(continued)
4
BNY
Mellon
ETF
Trust’s
(the
“Trust”) Board
of
Trustees
(the
“Board”)
has
designated
the
Adviser
as
the
fund’s
valuation
designee
to
make
all
fair
value
determinations
with
respect
to
the
fund’s
portfolio
of
investments,
subject
to
the
Board’s
oversight
and
pursuant
to
Rule
2a-5
under
the
Act.
Investments
in
equity
securities,
including
ETFs
(but
not
including
investments
in
other
open-end
registered
investment
companies)
generally
are
valued
at
the
last
sales
price
on
the
day
of
valuation
on
the
securities
exchange
or
national
securities
market
on
which
such
securities
primarily
are
traded.
Securities
listed
on
the
National
Association
of
Securities
Dealers
Automated
Quotation
System
(“NASDAQ”)
for
which
market
quotations
are
available
will
be
valued
at
the
official
closing
price.
If
there
are
no
transactions
in
a
security,
or
no
official
closing
prices
for
a
NASDAQ
market-listed
security
on
that
day,
the
security
will
be
valued
at
the
average
of
the
most
recent
bid
and
asked
prices.
Bid
price
is
used
when
no
asked
price
is
available.
Open
short
positions
for
which
there
is
no
sale
price
on
a
given
day
are
valued
at
the
lowest
asked
price.
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. 
When
market
quotations
or
official
closing
prices
are
not
readily
available,
or
are
determined
not
to
reflect
fair
value
accurately,
they are
valued
at
fair
value
as
determined
in
good
faith
based
on
procedures
approved
by
the
Board.
Fair
value
of
investments
may
be
determined
by
valuation
designee
using
such
information
as
it
deems
appropriate
under
the
circumstances.
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.
The
table
below
summarizes
the
inputs
used
as
of July
31,
2023
in
valuing
the
fund’s
investments:
5
Fair
Value
Measurements
Additional
investment
related
disclosures
are
hereby
incorporated
by
reference
to
the
annual
and
semi-annual
reports
previously
filed
with
the
SEC
on
Form
N-CSR.
At July
31,
2023,
accumulated
net
unrealized
appreciation on
investments
 was
$14,015,
consisting
of
gross
appreciation
of
$582,595
and
gross
depreciation
of
$568,580.
At
July
31,
2023,
the
cost
of
investments
for
federal
income
tax
purposes
was
substantially
the
same
as
the
cost
for
financial
reporting
purposes
(see
the
Statement
of
Investments).
Level
1
-
Unadjusted
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Total
Assets
($)
Investments
In
Securities:
Common
Stocks
8,900,176
8,900,176
Investment
Companies
279,519
279,519
See
Statement
of
Investments
for
additional
detailed
categorizations,
if
any.