Skip to content
Beacon

BEDYBny Mellon Enhanced Dividend Income ETF

Get income25y track recordRanked #576 of 1,650 in this goal

Seeks total return consisting of capital appreciation and income.

By BNY Mellon · Launched 2000

Annual Cost

0.50%

#2,668 of 5,861 · average

Fund Size

$167M

#2,505 of 5,861 · mid-size

Dividend YieldGoal

4.21%

Track Record

25 years

#116 of 5,861 · established

Performance

Total-return NAV · USD
Growth of $10,000
$11,827+18.3%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Option income

What it actually holds

By weight

Concentration

Top 10 holdings = 34.3% of fund✓ well diversified

GS Finance Corp
6.8%
Cisco Systems, Inc.
3.5%
Exxon Mobil Corp.
3.4%
Johnson & Johnson
3.2%
Assurant Inc.
3.1%
CME Group Inc.
3.0%
UnitedHealth Group Inc.
2.9%
Omnicom Group Inc
2.9%
JPMorgan Chase & Co.
2.8%
Texas Instruments Inc.
2.7%

Asset allocation

Stocks
89.5%
Bonds
7.0%
Preferred
3.5%

By sector

Financial Services
25.3%
Healthcare
13.8%
Industrials
13.3%
Technology
13.1%
Consumer Defensive
8.2%
Energy
8.0%
Communication
5.9%
Consumer Cyclical
5.5%
Other
7.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-6.2%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks total return consisting of capital appreciation and income.
Strategy
Invests primarily in equity securities and equity-related investments that generate dividends, focusing on large-capitalization companies in the U.S. equity universe. The sub-adviser employs a disciplined investment process to select undervalued stocks, aiming for total return through capital appreciation and income generation.
Inception date
October 2, 2000
Fund family
BNY Mellon

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

What's next?

You've looked at BEDY. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.

See other funds for this goal

Data updated on 2026-08-04