BNY Mellon Concentrated International ETF (BKCI) Exchange: NYSE ARCA

To pursue its goal, thefund normally invests primarily in equity securities of foreign companies located in developed markets,excluding the United States. The fund considers "developed markets" to be countries included in theMorgan Stanley Capital International (MSCI) Europe, Australasia and Far East (EAFE®)Index and Canada. "Foreign companies" are companies: (i) that are organized under the laws of a foreigncountry; (ii) whose principal trading market is in a foreign country; or (iii) that have a majority oftheir assets, or that derive a majority of their revenue or profits from businesses, investments or sales,outside the United States. The fund ordinarily invests in at least three countries and is not geographicallylimited in its investment selection. The fund invests principally in common stocks, including commonstocks listed on foreign exchanges.The fund may invest in equitysecurities of companies of any market capitalization. In addition, the fund may,from time to time, invest a significant portion (more than 20%) of its total assets in equity securitiesof companies in certain sectors or located in particular regions or countries. As of thedate of this Prospectus, the fund expects to invest a significant portion of its assets in equity securitiesof companies in the information technology, healthcare and industrials sectors. In addition, as of thedate of this Prospectus, the fund expects to have significant exposure to equity securities of companieslocated in Western Europe, particularly France, and Japan. Although the fund's investments will be focusedamong developed markets, excluding the United States, the fund may invest up to 20% of its assets inemerging markets. Certain of the fund's investments may be denominated in foreign currencies. It isexpected that the currency exposure of the fund's portfolio will be unhedged to the U.S. dollar.The fund's sub-adviser, Walter Scott & Partners Limited (Walter Scott), anaffiliate of the Adviser, seeks investment opportunities in companies with fundamental strengths thatindicate the potential for sustainable growth. Walter Scott focuses on individual equity security selection,building the fund's portfolio from the bottom up through extensive fundamental research. The investmentprocess begins with the screening of reported company financials. Companies that meet certain broad absoluteand trend criteria are candidates for more detailed analysis. As part of that analysis, Walter Scottconsiders all material opportunities and risks with respect to a company, financial and non-financial,and regularly engages with company management teams. Walter Scott first restates the company's incomestatement, flow of funds, and balance sheet to a cash basis, to understand the cash generating strengthsof the company and thereby the company's ability to achieve self-financed growth so far as possible. Walter Scott then conducts a detailed investigation of the company's products, cost and pricing, competitionand industry position and outlook. In assessing the valuation of an individual equity security WalterScott uses various measures, including price-to-earnings ratio versus growth rate, price-to-cash ratio,price-to-book ratio and dividend yield. Walter Scott invests the fund's assets in reasonably valuedequity securities of companies exhibiting market leadership and long-term growthprospects, underpinned by strong management and sound operating practices. Thefund typically invests in 25 to 30 companies. Geographic, sector and industry allocations, as well asallocations to equity securities of companies with varying market capitalizations, are the result of,not part of, the investment process, because Walter Scott's sole focus is on the analysis of and investmentin individual companies. The fund is non-diversified.