BNY Mellon US Large Cap Core

Equity ETF
Summary Prospectus | March 1, 2024
Ticker Symbol: BKLC

Before you invest, you may want to review the fund's prospectus, which contains more information about the fund and its risks. You can find the fund's
prospectus and other information about the fund, including the statement of additional information and most recent reports to shareholders, online at
http://im.bnymellon.com/etfliterature. You can also get this information at no cost by calling 1-833-ETF-BNYM (383-2696) (inside the U.S. only)
or by sending an e-mail request to info@bnymellon.com. The fund's prospectus and statement of additional information, dated March 1, 2024, are
incorporated by reference into this summary prospectus.

BNY Mellon US Large Cap Core Equity ETF

Investment Objective
The fund seeks to track the performance of the Solactive GBS United States 500 Index TR.

Fees and Expenses

This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the fund. You may pay other
fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and
Example below.
Annual Fund Operating Expenses*
(Expenses that you pay each year as a percentage of the value of your investment)
Management fees 0.00%
Distribution and service (12b-1) fees None
Other expenses 0.00%
Total annual fund operating expenses 0.00%
* The fund's management agreement provides that the Adviser, BNY Mellon ETF Investment Adviser, LLC, will pay substantially all expenses
of the fund, except for 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. The fund's management agreement also provides that the Adviser will pay all acquired fund fees and expenses.

Example
The Example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. The
Example assumes that you invest $10,000 in the fund for the time periods indicated and then hold or redeem all of your shares at
the end of those periods. The Example also assumes that your investment has a 5% return each year and that the fund's
operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs
would be:

1 Year 3 Years 5 Years 10 Years

$0 $0 $0 $0

Portfolio Turnover
The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher
portfolio turnover may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable
account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the fund's
performance. For the fiscal year ended October 31, 2023, the fund's portfolio turnover rate was 5.33% of the average value of its
portfolio.

Principal Investment Strategy

To pursue its goal, the fund normally invests substantially all of its assets in equity securities comprising the Solactive GBS United
States 500 Index TR (index). Under normal circumstances, the fund will invest at least 80% of its net assets, plus any borrowings
for investment purposes, in equity securities of large-capitalization U.S. companies, ETFs providing exposure to such securities,
4851SP0324
and derivatives with economic characteristics similar to such securities. The fund considers large-capitalization companies to be
companies with market capitalizations within the range of market capitalization of the companies included in the index. As of
December 31, 2023, the full market capitalization range of companies included in the index was $258 million to $2.85 trillion.
The fund considers a U.S. company to be a company whose securities are listed on a U.S. stock market.
The Solactive GBS United States 500 Index TR is a free float market capitalization weighted index designed to measure the
performance of 500 of the largest companies listed on U.S. stock markets. The index's universe of eligible securities includes
common stock and shares of real estate investment trusts (REITs) listed on the New York Stock Exchange, NYSE Market LLC,
NYSE Arca, NASDAQ, Investors Exchange, or BATS Exchange, traded in U.S. dollars, and that meet certain tradability
requirements. At each reconstitution, eligible securities are ranked by total market capitalization in descending order. All
securities ranked in the top 425 are selected for inclusion in the index and current index constituents with a rank from 426 to 600
are selected until the total number of companies in the index equals 500. If the total number of companies is below 500, the
highest-ranking remaining securities are selected until 500 is reached. The index reconstitutes quarterly in February, May, August,
and November. As of December 31, 2023, the index was comprised of 502 securities. Under normal circumstances, the fund
generally invests in all of the stocks in the index in proportion to their weighting in the index. However, the fund may invest in a
representative sample of the index if replicating the index could be detrimental or disadvantageous to shareholders, such as when there
are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to replicate the index, in instances in
which a security in the index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations
(such as tax diversification requirements) that apply to the fund but not the index.
In seeking to track the index, the fund's assets may be concentrated in (i.e., more than 25% of the fund's assets invested in) an
industry or group of industries, but only to the extent that the index concentrates in a particular industry or group of industries.
As of December 31, 2023, approximately 39.81% of the index consisted of securities of issuers in the information technology
sector.
The fund is classified as diversified under the Investment Company Act of 1940, as amended (1940 Act); however, the fund may
become non-diversified solely as a result of changes in the composition of the index (e.g., changes in weightings of one or more
component securities). When the fund is non-diversified, it may invest a relatively high percentage of its assets in a limited
number of issuers.

Principal Risks
An investment in the fund is not a bank deposit. It is not insured or guaranteed by the Federal Deposit Insurance Corporation
(FDIC) or any other government agency. It is not a complete investment program. The fund's share price fluctuates, sometimes
dramatically, which means you could lose money.
• Risks of stock investing. Stocks generally fluctuate more in value than bonds and may decline significantly over short time periods.
There is the chance that stock prices overall will decline because stock markets tend to move in cycles, with periods of rising
prices and falling prices. The market value of a stock may decline due to general market conditions or because of factors that
affect the particular company or the company's industry.
• Indexing strategy risk. The fund uses an indexing strategy. It does not attempt to manage market volatility, use defensive
strategies or reduce the effects of any long-term periods of poor index performance. The correlation between fund and index
performance may be affected by, among other things, the fund's expenses, changes in securities markets, changes in the
composition of the index, the manner in which the total return of the fund's index is calculated, the size of the fund's portfolio,
and the timing of purchases and redemptions of fund shares. Outdated or unreliable market information could result in errors
in index data, index computations or the construction of the index in accordance with its methodology and may not be
identified and corrected by the index provider for a period of time or at all, which may have an adverse impact on the fund and
its shareholders.
• Large-cap stock risk. The fund may underperform funds that invest primarily in the stocks of lower quality, smaller capitalization
companies during periods when the stocks of such companies are in favor. Compared to small- and mid-capitalization
companies, large-capitalization companies may be less responsive to changes and opportunities affecting their business. In
addition, large-capitalization companies may be subject to greater regulation than small- and mid-capitalization companies.
• Concentration risk. The fund will concentrate its investments (i.e., invest more than 25% its total assets) in a particular industry or
group of industries to approximately the same extent that the index is concentrated. To the extent the fund concentrates in a
particular industry or group of industries, it will be more susceptible to economic conditions and risks affecting those industries.
• Information technology companies risk. The information technology sector has been among the most volatile sectors of the stock
market. Information technology companies involve greater risk because their revenue and/or earnings tend to be less
predictable (and some companies may be experiencing significant losses) and their share prices tend to be more
volatile. Certain information technology companies may have limited product lines, markets or financial resources, or may

BNY Mellon US Large Cap Core Equity ETF Summary 2

 depend on a limited management group. In addition, these companies are strongly affected by worldwide technological
developments, and their products and services may not be economically successful or may quickly become outdated. Investor
perception may play a greater role in determining the day-to-day value of information technology stocks than it does in other
sectors. Fund investments may decline dramatically in value if anticipated products or services are delayed or cancelled.
• REIT risk. Investments in REITs expose the fund to risks similar to investing directly in real estate. REITs are characterized as
equity REITs, mortgage REITs and hybrid REITs, which combine the characteristics of both equity and mortgage REITs.
Equity REITs, which may include operating or finance companies, own real estate directly and the value of, and income earned
by, the REITs depends upon the income of the underlying properties and the rental income they earn. Equity REITs also can
realize capital gains (or losses) by selling properties that have appreciated (or depreciated) in value. Mortgage REITs can make
construction, development or long-term mortgage loans and are sensitive to the credit quality of the borrower. Mortgage
REITs derive their income from interest payments on such loans. Hybrid REITs generally hold both ownership interests and
mortgage interests in real estate. The value of securities issued by REITs is affected by tax and regulatory requirements and by
perceptions of management skill. They also may be affected by general economic conditions and are subject to heavy cash flow
dependency, defaults by borrowers or tenants, self-liquidation at an economically disadvantageous time, and the possibility of
failing to qualify for favorable tax treatment under applicable U.S. or foreign law and/or to maintain exempt status under the
1940 Act. To the extent a REIT owns properties of, or makes loans to, companies concentrated in a particular industry or
geographic region, the REIT will also be subject to risks affecting such industries and regions. When the fund invests in a
REIT, shareholders of the fund will bear indirectly their proportionate share of the expenses of the REIT in addition to
expenses of the fund.
• Issuer risk. A security's market value may decline for a number of reasons which directly relate to the issuer, such as
management performance, financial leverage and reduced demand for the issuer's products or services, or factors that affect the
issuer's industry, such as labor shortages or increased production costs and competitive conditions within an industry.
• Authorized participants, market makers and liquidity providers risk. The fund has a limited number of financial institutions that may
act as Authorized Participants, which are responsible for the creation and redemption activity for the fund. In addition, there
may be a limited number of market makers and/or liquidity providers in the marketplace. To the extent either of the following
events occur, fund shares may trade at a material discount to net asset value and possibly face delisting: (i) Authorized
Participants exit the business or otherwise become unable to process creation and/or redemption orders and no other
Authorized Participants step forward to perform these services, or (ii) market makers and/or liquidity providers exit the
business or significantly reduce their business activities and no other entities step forward to perform their functions.
• Fluctuation of net asset value, share premiums and discounts risk. As with all exchange-traded funds, fund shares may be bought and
sold in the secondary market at market prices. The trading prices of fund shares in the secondary market may differ from the
fund's daily net asset value per share and there may be times when the market price of the shares is more than the net asset
value per share (premium) or less than the net asset value per share (discount). This risk is heightened in times of market
volatility or periods of steep market declines.
• Trading issues risk. Although fund shares are listed for trading on an exchange and may be listed or traded on other U.S. and
non-U.S. stock exchanges as well, there can be no assurance that an active trading market for such fund shares will develop or
be maintained. Trading in fund shares may be halted due to market conditions or for reasons that, in the view of the listing
exchange, make trading in fund shares inadvisable. In addition, trading in fund shares on an exchange is subject to trading halts
caused by extraordinary market volatility pursuant to exchange "circuit breaker" rules. There can be no assurance that the
requirements of the listing exchange necessary to maintain the listing of the fund will continue to be met or will remain
unchanged or that fund shares will trade with any volume, or at all, on any stock exchange.
• Market risk. The value of the securities in which the fund invests may be affected by political, regulatory, economic and social
developments, and developments that impact specific economic sectors, industries or segments of the market. 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 the 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. A widespread outbreak of
an infectious illness, such as COVID-19, and efforts to contain its spread, may result in market volatility, inflation, reduced
liquidity of certain instruments, disruption in the trading of certain instruments, and systemic economic weakness. To the
extent the fund may overweight its investments in certain countries, companies, industries or market sectors, such positions will
increase the fund's exposure to risk of loss from adverse developments affecting those countries, companies, industries or
sectors.
• Non-diversification risk. To the extent the fund becomes non-diversified, the fund may invest a relatively high percentage of its
assets in a limited number of issuers. Therefore, when the fund is non-diversified, the fund's performance may be more

BNY Mellon US Large Cap Core Equity ETF Summary 3

 vulnerable to changes in the market value of a single issuer or group of issuers and more susceptible to risks associated with a
single economic, political or regulatory occurrence than when the fund's invested assets are diversified.

Performance
The following bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in
the performance of the fund from year to year. The table compares the average annual total returns of the fund to those of
different broad measures of market performance. The fund's past performance (before and after taxes) is not necessarily an
indication of how the fund will perform in the future. Recent performance information may be available
at www.im.bnymellon.com.
The fund's investment objective changed effective November 15, 2023. Fund performance prior to November 15, 2023, reflects
the fund's prior investment objective of seeking to track the performance, before fees and expenses, of the Morningstar® US
Large Cap IndexSM.

Year-by-Year Total Returns as of 12/31 each year (%)

Best Quarter
Q4, 2023: 12.46%
Worst Quarter
Q2, 2022: -17.12%
(for the periods reflected in
the bar chart)

After-tax returns in the table below are calculated using the historical highest individual federal marginal income tax rates, and do
not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from
those shown, and the after-tax returns shown are not relevant to investors who hold their shares through U.S. tax-deferred
arrangements such as 401(k) plans or individual retirement accounts.

Average Annual Total Returns as of 12/31/23

Since Inception
1 Year (4/07/2020)
Returns before taxes 30.69% 18.80%
Returns after taxes on distributions 29.91% 18.32%
Returns after taxes on distributions and sale of fund shares 18.13% 14.89%
Solactive GBS United States 500 Index TR (reflects no deductions for fees, expenses
or taxes)(1) 27.59% 18.81%
Morningstar® US Large Cap IndexSM (reflects no deductions for fees, expenses or
taxes) 29.81% 18.63%
(1) Effective November 15, 2023, the fund changed its benchmark index from the Morningstar® US Large Cap IndexSM to the Solactive GBS
United States 500 Index TR in connection with a change to the fund’s investment objective.

Portfolio Management
The fund's investment adviser is BNY Mellon ETF Investment Adviser, LLC (Adviser). The Adviser has engaged its affiliate,
Mellon Investments Corporation (Mellon), to serve as the fund's sub-adviser.
David France, CFA, Todd Frysinger, CFA, Vlasta Sheremeta, CFA, Michael Stoll, and Marlene Walker Smith are the fund's
primary portfolio managers, positions they have held since October 2020. Messrs. France, Frysinger and Stoll and Ms. Sheremeta
are each a Senior Vice President and Senior Portfolio Manager at Mellon. Ms. Walker Smith is a Director and Head of Equity
Index Portfolio Management at Mellon. Each portfolio manager is jointly and primarily responsible for the day-to-day
management of the fund's portfolio.

BNY Mellon US Large Cap Core Equity ETF Summary 4

Purchase and Sale of Fund Shares
The fund will 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." Creation Unit transactions are
conducted in exchange for the deposit or delivery of a portfolio of in-kind securities designated by the fund and/or cash.
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 net asset value, fund shares may trade at a price greater than net asset value (premium) or less than
net asset value (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) (the "bid-ask spread"). Recent information regarding the fund's net asset value,
market price, premiums and discounts, and bid-ask spreads is available at www.im.bnymellon.com.

Tax Information
The fund's distributions are taxable as qualified dividend income, ordinary income or capital gains, except when your investment
is through an individual retirement account (IRA), retirement plan or other U.S. tax-advantaged investment plan (in which case
you may be taxed upon withdrawal of your investment from such account).

Payments to Broker-Dealers and Other Financial Intermediaries

If you purchase fund shares through a broker-dealer or other financial intermediary (such as a bank), the Adviser or its affiliates
may pay the financial intermediary for certain activities related to the fund, including educational training programs, conferences,
the development of technology platforms and reporting systems, or other services related to the sale or promotion of the fund.
These payments may create a conflict of interest by influencing the broker-dealer or other intermediary and your salesperson to
recommend the fund over another investment. Ask your salesperson or visit your financial intermediary's website for more
information.
The fund is not sponsored, endorsed, sold or promoted by Morningstar, Inc. (index provider) and Morningstar, Inc. makes no representation regarding
the advisability of investing in the fund. The fund is not sponsored, promoted, sold or supported in any other manner by Solactive AG (index provider).
Solactive AG does not offer any express or implicit guarantee or assurance either with regard to the results of using the index, index trademark or index
price at any time or in any other respect. Solactive AG uses its best efforts to ensure that the index is calculated correctly. Irrespective of its obligations
towards BNY Mellon, Solactive AG has no obligation to point out errors in the index to third parties including but not limited to investors and/or
financial intermediaries of the fund. Neither publication of the index by Solactive AG nor the licensing of the index or index trademark for the purpose
of use in connection with the fund constitutes a recommendation by Solactive AG to invest capital in said financial instrument nor does it in any way
represent an assurance or opinion of Solactive AG with regard to any investment in the BNY Mellon ETFs.
This prospectus does not constitute an offer or solicitation in any state or jurisdiction in which, or to any person to whom, such offering or solicitation may
not lawfully be made.

BNY Mellon US Large Cap Core Equity ETF Summary 5

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