An ETF, or exchange-traded fund, is like a basket of different investments such as stocks or bonds that you can buy or sell easily on the stock market, just like a regular share. It allows people to invest in many companies at once, making it a simple way to grow savings without picking individual stocks.
forward share splitfinancial
A forward share split increases the number of a company's outstanding shares by swapping each existing share for multiple new shares (for example, one share becomes two or more), like cutting a cake into more pieces without changing the cake's total size. It lowers the price per share while leaving the company's overall market value the same, which can make stock easier to buy, improve trading activity, and change per‑share metrics investors watch, such as earnings per share and index weights.
navfinancial
Net asset value (NAV) is the total value of all the investments and assets in a fund or company, minus any debts or liabilities, divided by the number of shares or units outstanding. It represents the per-share worth, giving investors an idea of what each share is truly worth based on the underlying assets. Think of it like a company's total worth divided among its shares, helping investors assess whether a share is fairly priced.
assets under managementfinancial
Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.
assets under custody and/or administrationfinancial
Assets under custody and/or administration are the financial holdings a bank or services firm physically safeguards (custody) or keeps track of and manages paperwork for (administration) on behalf of clients. Think of custody as a secure vault holding valuables and administration as the record-keeper who tallies transactions and handles statements. Investors watch this number because larger balances usually mean steady fee income, scale advantages and market trust, while declines can signal revenue pressure or client flight.
authorized participantsfinancial
Authorized participants are a small group of large financial firms that have a formal arrangement with an exchange-traded fund (ETF) or similar product to create and redeem shares directly with the issuer. They act like wholesalers for the fund, supplying or removing shares to keep the market price in line with the value of the underlying assets; their activity affects an ETF’s liquidity, trading costs and how closely it tracks its target holdings.
creation unitsfinancial
Creation units are large blocks of an exchange-traded fund’s (ETF) shares that big market players can exchange with the fund for the underlying basket of securities, or vice versa. Think of it like a bakery swapping a box of finished cookies for the exact ingredients — this mechanism helps keep the ETF’s market price close to the value of its holdings, supports liquidity, and lets investors buy or sell without large price gaps.
prospectusregulatory
A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.
NEW YORK--(BUSINESS WIRE)--
BNY Mellon ETF Investment Adviser, LLC today announced that five of their ETFs will undergo forward share splits at a ratio of 3-for-1. A forward share split increases an ETF's number of shares outstanding while decreasing its Net Asset Value ("NAV") per share accordingly. The total value of a shareholder's investment will remain unchanged.
The share splits will apply to shareholders of record as of the close of US markets on July 16, 2026 ("Record Date") and will be payable after the close of business on July 17, 2026, as follows:
As a result of the share split, shareholders will receive three shares for each ETF share held as indicated in the table above. Shares of each ETF will begin trading at their post-split price on Monday, July 20, 2026 ("Ex-Date"). A shareholder's total investment value will not be affected by the share split. However, on Ex-Date, the per share NAV and opening market price of each ETF will be approximately one-third of its pre-split value.
Important Information
BNY Mellon ETF Investment Adviser, LLC, the investment adviser for the BNY ETFs, is part of BNY Investments. BNY Investments is one of the world’s largest asset managers, with $2.1 trillion in assets under management as of March 31, 2026. Through a client-first approach, BNY Investments brings investors specialist expertise through its seven investment firms offering solutions across every major asset class and backed by the breadth and scale of BNY. Additional information on BNY Investments is available on www.bny.com/investments. Follow us on LinkedIn for the latest company news and activity.
BNY Investments is a division of BNY, which oversees $59.4 trillion in assets under custody and/or administration as of March 31, 2026. Established in 1784, BNY is America's oldest bank. Today, BNY powers capital around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bny.com. Follow us on LinkedIn or visit our newsroom at newsroom for the latest company news.
This release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any security.
Investors should consider the investment objectives, risks, charges and expenses of a fund carefully before investing. To obtain a prospectus, or a summary prospectus, if available, that contains this and other information about a fund, contact your financial professional or visit bny.com/investments. Please read the prospectus carefully before investing.
ETFs trade like stocks, are subject to investment risk, including possible loss of principal. The risks of investing in an ETF typically reflect the risks associated with the types of instruments in which the ETF invests. Diversification cannot assure a profit or protect against loss.
ETF shares are listed on an exchange, and shares are generally purchased and sold in the secondary market at market price. At times, the market price may be at a premium or discount to the ETF's per share NAV. In addition, ETFs are subject to the risk that an active trading market for an ETF's shares may not develop or be maintained. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions.
ETFs issue (or redeem) fund shares to certain institutional investors known as "Authorized Participants" (typically market makers or other broker-dealers) only in large blocks of fund shares known as "Creation Units." BNY Mellon Securities Corporation ("BNYSC"), a subsidiary of BNY, serves as distributor of the fund. BNYSC does not distribute fund shares in less than Creation Units, nor does it maintain a secondary market in fund shares. BNYSC may enter into selected agreements with Authorized Participants for the sale of Creation Units of fund shares.
