BKLC vs BLUC

BKLCABNY Mellon US Large Cap Core Equity ETF

BLUCCBluemonte Large Cap Core ETF

In short

BKLC BNY launched BKLC in April 2020 as one of the first US stock ETFs with a 0.00% fee, no waiver, no expiration date. It still charges nothing to hold roughly 500 large US companies, while the typical fund in its peer group charges 0.14%.

BLUC An active allocator in an aisle ruled by index funds: BLUC buys other firms' large-cap ETFs and tilts between them on the Bluemonte team's calls. 0.22% net of a waiver through August 31, 2027 (0.27% gross).

Stated mandate

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

BLUC The Fund seeks capital growth through active management and normally invests at least 80% of its assets in investments providing exposure to large-capitalization companies, primarily through unaffiliated ETFs. Those underlying funds may invest in domestic and international equities and real-estate-related securities or instruments.

Why people hold it

• BKLC The fee is zero, not 'nearly zero.' No management fee and no waiver waiting to expire, against a 0.14% median in its large-cap peer group.prnewswire.comsec.gov
• Even the discount giants charge something: SCHX and VV at 0.03%, VONE at 0.06%. BKLC's expense line reads 0.00%.
• Boring by design: a rules-based basket of about 500 large US stocks tracking the Solactive GBS United States 500 Index, and the tracking has been tight.
• Not a novelty product. It is a multi-billion-dollar fund run by BNY, and it pays distributions quarterly.

• BLUC Active allocation in a one-ticket wrapper: a short list of unaffiliated ETFs, weighted by the team's read on large-cap segments rather than by a rules-based index.bluemontefunds.com
• Fee lands near the typical charge among the 29 funds in its large-cap category: 0.22%, net of a waiver through August 31, 2027, against 0.27% gross.
• The mandate keeps at least 80% of assets in large-cap exposure, and the fund pays out quarterly.

Worth knowing

• BKLC Zero fee is not zero cost. You still cross the bid-ask spread, and BKLC trades at moderate volume rather than the wall-to-wall liquidity of the biggest index funds.
• One country, one asset class, one size band: US large-cap stocks. No bonds, no international, no small caps.
• It opened in April 2020, so its live record is shorter than large-cap index rivals that have been running for decades.prnewswire.com

• BLUC Index rivals cost far less: SCHX charges 0.03%, BKLC 0.00%. Here you are paying for the allocation calls on top of the underlying funds' own expenses.
• Thinly traded, with history only since its June 2025 launch, so the spread you get on the screen deserves a look before you trade.
• Wider reach than the name suggests: the underlying funds may hold international equities and real-estate securities alongside US large caps.

Full BKLC profile⁠

Full BLUC profile⁠