BK.NYSEBank of New York Mellon CORP
SCHEDULE: Bank of New York Mellon Corp Reports 9.5% Stake in Invesco Fundamental High Yield Corporate Bond ETF
Sentiment:
Schedule 13G Amendment
Bank of New York Mellon Corp and its subsidiaries report beneficial ownership of 9.5% of the Invesco Fundamental High Yield Corporate Bond ETF as of December 31, 2024.
Summary
- Bank of New York Mellon Corp has filed a Schedule 13G amendment indicating ownership of Invesco Fundamental High Yield Corporate Bond ETF shares.
- As of December 31, 2024, the bank and its subsidiaries beneficially own 2,084,991 shares, representing 9.5% of the ETF's class of securities.
- The filing clarifies the distribution of voting and dispositive power among The Bank of New York Mellon Corporation and its direct or indirect subsidiaries.
- The subsidiaries hold these securities in various fiduciary capacities, with no single other person's interest exceeding 5%.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. The large ownership stake suggests confidence in the ETF, but it's a routine disclosure.
Future Outlook
There is no future outlook provided in the document.
Industry Context
This filing is a routine disclosure required by the SEC for entities holding significant positions in publicly traded securities. It reflects the investment activities of a major financial institution in the high-yield corporate bond ETF market.
Comparison to Industry Standards
- Similar filings are common among large institutional investors like BlackRock, Vanguard, and State Street when their ownership in a publicly traded company or ETF exceeds 5%.
- The reported ownership stake of 9.5% is within the typical range for institutional holdings in ETFs.
- The structure of shared voting and dispositive power among subsidiaries is a standard practice for large financial institutions with multiple investment management arms.
Stakeholder Impact
- The filing informs shareholders of the Invesco Fundamental High Yield Corporate Bond ETF about the significant ownership stake held by Bank of New York Mellon Corp.
- The disclosure provides transparency regarding the ETF's ownership structure.
Key Dates
| Date | Description |
|---|---|
| September 16, 2015 | Donald Heberle signed the Power of Attorney and Joint Filing Agreement as Chief Executive Officer, Investment Management for BNY Mellon, National Association. |
| September 18, 2015 | Mitchell E. Harris signed the Power of Attorney and Joint Filing Agreement as Senior Executive Vice President for The Bank of New York Mellon. |
| August 26, 2015 | Curtis Arledge signed the Power of Attorney and Joint Filing Agreement as Vice Chairman for The Bank of New York Mellon. |
| October 7, 2015 | Kurtis R. Kurimsky signed the Power of Attorney and Joint Filing Agreement as Vice President and Controller for Mellon Overseas Investment Corporation. |
| October 9, 2015 | Thomas J. Dicker signed the Power of Attorney and Joint Filing Agreement as Chief Operating Officer for BNY Mellon, National Association. |
| July 15, 2015 | Rodger Nisbet signed the Power of Attorney and Joint Filing Agreement as Executive Chairman for Walter Scott & Partners Limited. |
| July 17, 2015 | James Helby signed the Power of Attorney and Joint Filing Agreement as Director for Newton Investment Management Limited. |
| July 17, 2015 | Helena Morrissey signed the Power of Attorney and Joint Filing Agreement as Director for Newton Management Limited. |
| October 19, 2015 | Lee James Woolley signed the Power of Attorney and Joint Filing Agreement as Chairman and Chief Executive Officer for BNY Mellon Trust of Delaware. |
| October 19, 2015 | Jeff Gearhart signed the Power of Attorney and Joint Filing Agreement as Chief Operating Officer and Chief Risk Officer for BNY Mellon Capital Markets, LLC. |
| October 20, 2015 | Antonio Portuondo signed the Power of Attorney and Joint Filing Agreement as President for The Bank of New York Mellon Trust Company, National Association. |
| October 21, 2015 | James P. Ambagis signed the Power of Attorney and Joint Filing Agreement as President for BNY Mellon Trust of Delaware and B.N.Y. Holdings (Delaware) Corporation. |
| October 21, 2015 | Greg Brisk signed the Power of Attorney and Joint Filing Agreement as Director for BNY Mellon Investment Management Europe Holdings Limited, BNY Mellon Investment Management (Jersey) Limited, and BNY Mellon International Asset Management (Holdings) Limited. |
| October 24, 2015 | Thomas P. Gibbons signed the Power of Attorney and Joint Filing Agreement as Vice Chairman and Chief Financial Officer for BNY Capital Markets Holdings, Inc. |
| January 4, 2016 | Camila Souza and Guilherme Abry signed the Power of Attorney and Joint Filing Agreement as Directors for ARX Investimentos Ltda. |
| February 16, 2016 | Charles Farquharson signed the Power of Attorney and Joint Filing Agreement as Chief Risk Officer for Insight Investment Management (Global) Limited and Insight Investment Management Corporation Limited. |
| March 8, 2016 | Kurtis R. Kurimsky signed the Power of Attorney and Joint Filing Agreement as Executive Vice President for The Bank of New York Mellon Trust Company, National Association. |
| April 19, 2016 | Emily Chan and Doni Shamsuddin signed the Power of Attorney and Joint Filing Agreement as Directors for BNY Mellon Investment Management (APAC) Holdings Limited. |
| April 29, 2016 | Paul A. Griffiths signed the Power of Attorney and Joint Filing Agreement as Chairman, President and Controller Chief Executive Officer for MBC Investments Corporation. |
| May 5, 2016 | Carlos Alberto Saraiva and Marcus Vinicius Mathias Pereira signed the Power of Attorney and Joint Filing Agreement as Directors for BNY Mellon Servicos Financeiros Distribuidora de Titulos e Valores Mobiliarios S.A. and BNY Mellon Participacoes Ltda. |
| May 11, 2016 | Claire Santaniello signed the Power of Attorney and Joint Filing Agreement as Chief Administrative Officer and Chief Risk Officer for Pershing Group LLC. |
| May 12, 2016 | Kurtis R. Kurimsky signed the Power of Attorney and Joint Filing Agreement as President and Comptroller for BNY International Financing Corporation. |
| May 17, 2016 | Laura Ahto signed the Power of Attorney and Joint Filing Agreement as Chief Executive Officer for The Bank of New York Mellon SA/NV. |
| May 17, 2016 | Gillian Nelson and Patricia Bruzio signed the Power of Attorney and Joint Filing Agreement as Authorized Persons for BNY Mellon Trust Company (Cayman) Limited. |
| May 24, 2016 | Claire Santaniello signed the Power of Attorney and Joint Filing Agreement as Chief Administrative Officer for Pershing LLC. |
| August 15, 2016 | John M. Roy signed the Power of Attorney and Joint Filing Agreement as Vice President for BNY International Financing Corporation. |
| December 7, 2016 | John Ariola signed the Power of Attorney and Joint Filing Agreement as Head of Financial Analysis for Insight North America LLC. |
| March 17, 2017 | Mitchell E. Harris signed the Power of Attorney and Joint Filing Agreement as Chief Executive Officer, Investment Management for The Bank of New York Mellon Corporation. |
| March 29, 2017 | Kurtis R. Kurimsky signed the Power of Attorney and Joint Filing Agreement as Vice President and Chairman for BNY Mellon IHC, LLC. |
| June 29, 2018 | Leo P. Grohowski signed the Power of Attorney and Joint Filing Agreement as President for Mellon Global Investing Corporation. |
| January 10, 2019 | Jennifer Cassedy signed the Power of Attorney and Joint Filing Agreement as Chief Compliance Officer for Mellon Investments Corporation. |
| June 03, 2019 | James Bitetto signed the Power of Attorney and Joint Filing Agreement as Secretary for BNY Mellon Investment Adviser, Inc. |
| June 03, 2019 | Kenneth J. Bradle signed the Power of Attorney and Joint Filing Agreement as President for BNY Mellon Securities Corporation. |
| December 04, 2019 | Jennifer Cassedy signed the Power of Attorney and Joint Filing Agreement as Chief Compliance Officer for BNY Mellon ETF Investment Adviser, LLC. |
| April 10, 2020 | Shogo Yamaguchi signed the Power of Attorney and Joint Filing Agreement as Operating Officer Chairman and President for BNY Mellon Investment Management Japan Limited. |
| August 20, 2021 | Michael Germano signed the Power of Attorney and Joint Filing Agreement as Chief Executive Officer for Newton Investment Management North America, LLC. |
| February 02, 2023 | Izumi Chihara signed the Power of Attorney and Joint Filing Agreement as Representative Director for Newton Investment Management Japan Ltd. |
| June 15, 2023 | Joel Hempel signed the Power of Attorney and Joint Filing Agreement as President for BNY Mellon Advisors, Inc. |
| December 31, 2024 | Date of event which requires filing of this statement. |
| January 23, 2025 | Date of filing of the Schedule 13G amendment. |
Keywords
Schedule 13G, Invesco Fundamental High Yield Corporate Bond ETF, Bank of New York Mellon, Beneficial Ownership, ETF, High Yield Bonds
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