BKLC vs MAGA: Grades, Fees and Holdings Compared

BNY Mellon US Large Cap Core Equity ETF

BKLCANYSE Arca

Truth Social America First ETF

MAGADNYSE Arca

Overlap

17.5%by weight

Expense ratio

BKLC −0.72pt a year

BKLC0.00%MAGA0.72%

Avg volume · 30D

BKLC 671.1×the volume

BKLC628KMAGA936

5Y return · a year

BKLC +2.0pt

BKLC+11.6%MAGA+9.6%

BKLC vs MAGA Performance

Nov 2, 2021 – Nov 2, 2026

+72.9%BKLC+58.5%MAGA

Expense ratio: BKLC 0.00%, better; MAGA 0.72%
Fund size: BKLC $6.88B; MAGA $31M
1Y total return: BKLC +10.4%; MAGA +14.2%, better
Yield (12M): BKLC No data; MAGA 1.43%
Holdings: BKLC 504; MAGA 152
Avg volume (30D): BKLC 628K sh, better; MAGA 936 sh
NAV per share: BKLC $48.23; MAGA $57.24
52W range

ETF.net Grade

Pillar letters and Scores for BKLC, MAGA, with each pillar’s weight
Pillar	BKLC	MAGA
Cost30% weight	A100Higher	F9
Mission25% weight	A100	Not scored
Risk15% weight	C50	B65Higher
Tradability15% weight	B65Higher	D33
Holdings10% weight	B64	A79Higher
Durability5% weight	A73Higher	C43

Rank among US Large-Cap funds

How we build Categories ›

Same Category. BKLC and MAGA are both graded against the same 29 US Large-Cap funds, so their Grades compare head to head.

US Large-Cap⁠

Category · 29 funds

See all 29 ›

BKLC ranks 2nd and MAGA 24th of 29 funds in the US Large-Cap Category.

Rank 1ASCHXSchwab U.S. Large-Cap ETFScore 84
Rank 2ABKLCBNY Mellon US Large Cap Core Equity ETFScore 82
Rank 3AEPSWisdomTree U.S. LargeCap FundScore 80
Rank 23CGXLCGlobal X U.S. 500 ETFScore 40
Rank 24DMAGATruth Social America First ETFScore 36
Rank 24DSGLCSGI U.S. Large Cap Core ETFScore 36

Our read on each fund

ETF.net Research

BKLCABNY Mellon US Large Cap Core Equity ETF

MAGADTruth Social America First 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%.

MAGA The mirror image of an ESG fund. MAGA screens the Solactive U.S. 500 for companies that support Republican federal candidates, then equal-weights the survivors. A political conviction turned into a rules-based index, running since 2017.

Stated mandate

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

MAGA The Fund seeks to track the price and yield performance, before fees and expenses, of the Point Bridge America First Index. The index is an equal-weight custom portfolio drawn from the Solactive U.S. 500 Index and screened for support of Republican federal candidates.

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.com sec.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.

MAGA The rule is written down: start with the Solactive U.S. 500, keep the names screened for support of Republican federal candidates. A values screen you can audit, not a vibe.
Equal weight across roughly 140 stocks, so a mid-size industrial gets the same slot as a trillion-dollar tech giant.
Live since 2017, it has carried the same mandate through multiple election cycles rather than rewriting itself with the news.

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

MAGA Conviction costs: 0.72% a year, while broad screened-index peers such as ESGV and SNPE charge a fraction of that.
A small, thinly traded fund. Spreads can be wide and size can push the price, so how you place the order matters more here than in a mega-cap index fund.
The screen is political, not financial. Sector mix, and results, can sit a long way from the plain US large-cap index in either direction.

Full BKLC profile⁠

Full MAGA profile⁠

BKLC vs MAGA Holdings

How BKLC and MAGA differ

Overlap by weight

17.5%

Shared holdings make up 98.9% of MAGA and 20.5% of BKLC.

Level by level

Holdings150 in both17.5%
Sector11 Sectors48.8%
Countryby domicile96.5%
Asset classEquity100%

Sector

Sector weights in BKLC and MAGA, widest gap first
Sector	More in BKLCMore in MAGA	BKLC	MAGA
Technology	BKLC +37.6 points	40.2%	2.6%
Industrials	MAGA +15.3 points	7.8%	23.1%
Communication	BKLC +10.1 points	10.1%	0.0%
Energy	MAGA +8.7 points	3.5%	12.2%
Utilities	MAGA +8.6 points	1.8%	10.3%
Materials	MAGA +5.5 points	1.7%	7.2%
Real Estate	MAGA +4.8 points	1.5%	6.3%
Financials	MAGA +3.6 points	10.9%	14.5%
Health Care	BKLC +3.4 points	9.4%	6.0%
Consumer Staples	MAGA +3.1 points	4.2%	7.3%
Consumer Discretionary	MAGA +1.7 points	8.8%	10.5%

Country, concentration and asset class

Country by domicile

Country weights in BKLC and MAGA, widest gap first
Country	More in BKLCMore in MAGA	BKLC	MAGA
United States	BKLC +3.2 points	99.3%	96.1%
Ireland	MAGA +1.3 points	0.0%	1.3%
Switzerland	MAGA +1.0 points	0.3%	1.3%
Netherlands	MAGA +0.7 points	0.0%	0.7%
United Kingdom	MAGA +0.5 points	0.1%	0.6%
Other countries (4)	BKLC +0.3 points	0.3%	0.0%

Concentration

Weight in the 10 largest Holdings

BKLC36.9%
MAGA8.4%

Securities held

BKLC503
MAGA151

Asset class

BKLC: Equity
MAGA: Equity

Holdings

Only in BKLC353
In both150
Only in MAGA1

Only in BKLC

353 securities, 79.5% of BKLC by weight

Apple Inc7.53%
NVIDIA Corp7.28%
Microsoft Corp5.84%
Amazon.com Inc3.53%
Alphabet Inc-Cl A2.51%
Broadcom Inc2.32%
Alphabet Inc-Cl C2.16%
Meta Platforms Inc-Class A2.06%
Micron Technology Inc1.53%
JPMorgan Chase & Co1.37%
Advanced Micro Devices1.25%
Visa Inc-Class A Shares1.05%
Johnson & Johnson1.01%
AbbVie Inc0.80%
Mastercard Inc - A0.77%
Costco Wholesale Corp0.69%
Cisco Systems Inc0.63%
Palantir Technologies Inc-A0.60%
Procter & Gamble Co/The0.58%
Merck & Co. Inc.0.56%
UnitedHealth Group Inc0.56%
Coca-Cola Co/The0.56%
Philip Morris International0.50%
General Electric0.48%
Applied Materials Inc0.47%
Lam Research Corp0.46%
Palo Alto Networks Inc0.45%
Intel Corp0.43%
Texas Instruments Inc0.41%
Rtx Corp0.41%
Netflix Inc0.40%
Thermo Fisher Scientific Inc0.39%
Wells Fargo & Co0.39%
Crowdstrike Holdings Inc - A0.38%
Intl Business Machines Corp0.37%
Linde PLC0.36%
Ge Vernova Inc0.35%
Oracle Corp0.34%
Morgan Stanley0.34%
Gilead Sciences Inc0.32%
Citigroup Inc0.32%
Kla Corp0.32%
Analog Devices Inc0.31%
Walt Disney Co/The0.30%
Amphenol Corp-Cl A0.29%
Verizon Communications Inc0.29%
Pepsico Inc0.28%
Salesforce Inc0.28%
BlackRock Inc0.28%
Mcdonald's Corp0.27%

Only in MAGA

1 security, 0.6% of MAGA by weight

Trane Technologies PLC0.59%

Weight gaps

The 100 widest of 150 Holdings in both funds.

Holding weights in BKLC and MAGA, widest gap first
Holding	More in BKLCMore in MAGA	BKLC	MAGA
Tesla IncTSLA	BKLC +1.03 points	1.87%	0.84%
Eli Lilly & CoLLY	BKLC +1.02 points	1.83%	0.81%
Marathon Petroleum CorpMPC	MAGA +0.72 points	0.20%	0.92%
Dow IncDOW	MAGA +0.72 points	0.03%	0.75%
Insmed IncINSM	MAGA +0.72 points	0.03%	0.75%
Cheniere Energy IncLNG	MAGA +0.71 points	0.11%	0.82%
Roper Technologies IncROP	MAGA +0.71 points	0.07%	0.78%
Lyondellbasell Indu-Cl ALYB	MAGA +0.71 points	0.02%	0.73%
Phillips 66PSX	MAGA +0.71 points	0.17%	0.88%
Illumina IncILMN	MAGA +0.71 points	0.05%	0.76%
Kroger CoKR	MAGA +0.70 points	0.06%	0.76%
Tractor Supply CompanyTSCO	MAGA +0.70 points	0.03%	0.73%
Keurig Dr Pepper IncKDP	MAGA +0.69 points	0.07%	0.76%
Lennar Corp-ALEN	MAGA +0.68 points	<0.01%	0.69%
Space Exploration Techn-Cl ASPCX	MAGA +0.69 points	0.13%	0.82%
Equifax IncEFX	MAGA +0.67 points	0.03%	0.70%
Lennar Corp - B ShsLEN.B	MAGA +0.68 points	0.02%	0.70%
Reliance IncRS	MAGA +0.68 points	0.03%	0.71%
Devon Energy CorpDVN	MAGA +0.67 points	0.09%	0.76%
First Citizens Bcshs -Cl AFCNCA	MAGA +0.67 points	0.03%	0.70%
Occidental Petroleum CorpOXY	MAGA +0.67 points	0.07%	0.74%
Amcor PLCAMCR	MAGA +0.66 points	0.03%	0.69%
Hca Healthcare IncHCA	MAGA +0.66 points	0.11%	0.77%
Targa Resources CorpTRGP	MAGA +0.67 points	0.10%	0.77%
American Water Works Co IncAWK	MAGA +0.67 points	0.04%	0.71%
Valero Energy CorpVLO	MAGA +0.66 points	0.18%	0.84%
Dollar Tree IncDLTR	MAGA +0.65 points	0.04%	0.69%
Sba Communications CorpSBAC	MAGA +0.65 points	0.03%	0.68%
Evergy IncEVRG	MAGA +0.65 points	0.03%	0.68%
Packaging Corp of AmericaPKG	MAGA +0.65 points	0.04%	0.69%
Copart IncCPRT	MAGA +0.65 points	0.03%	0.68%
Dollar General CorpDG	MAGA +0.64 points	0.05%	0.69%
Rocket Cos Inc-Class ARKT	MAGA +0.64 points	0.01%	0.65%
Vulcan Materials CoVMC	MAGA +0.64 points	0.05%	0.69%
Zimmer Biomet Holdings IncZBH	MAGA +0.63 points	0.03%	0.66%
Alliant Energy CorpLNT	MAGA +0.64 points	0.03%	0.67%
Nisource IncNI	MAGA +0.64 points	0.02%	0.66%
Martin Marietta MaterialsMLM	MAGA +0.64 points	0.04%	0.68%
Eqt CorpEQT	MAGA +0.63 points	0.05%	0.68%
Cincinnati Financial CorpCINF	MAGA +0.63 points	0.04%	0.67%
Fastenal CoFAST	MAGA +0.63 points	0.09%	0.72%
Watsco IncWSO	MAGA +0.63 points	0.02%	0.65%
Tyson Foods Inc-Cl ATSN	MAGA +0.63 points	0.02%	0.65%
Centerpoint Energy IncCNP	MAGA +0.62 points	0.04%	0.66%
Dr Horton IncDHI	MAGA +0.62 points	0.05%	0.67%
Ppl CorpPPL	MAGA +0.62 points	0.04%	0.67%
Diamondback Energy IncFANG	MAGA +0.62 points	0.07%	0.69%
Extra Space Storage IncEXR	MAGA +0.62 points	0.05%	0.67%
Ameren CorporationAEE	MAGA +0.61 points	0.05%	0.66%
Markel Group IncMKL	MAGA +0.61 points	0.04%	0.65%
Motorola Solutions IncMSI	MAGA +0.61 points	0.13%	0.74%
Synchrony FinancialSYF	MAGA +0.61 points	0.04%	0.65%
Genuine Parts CoGPC	MAGA +0.61 points	0.03%	0.64%
Atmos Energy CorpATO	MAGA +0.61 points	0.05%	0.66%
Autozone IncAZO	MAGA +0.60 points	0.08%	0.68%
Entergy CorpETR	MAGA +0.60 points	0.07%	0.67%
Principal Financial GroupPFG	MAGA +0.61 points	0.04%	0.65%
Nvr IncNVR	MAGA +0.60 points	0.02%	0.62%
Steel Dynamics IncSTLD	MAGA +0.61 points	0.05%	0.66%
Nucor CorpNUE	MAGA +0.60 points	0.10%	0.70%
Ferguson Enterprises IncFERG	MAGA +0.60 points	0.07%	0.67%
Expand Energy CorpEXE	MAGA +0.60 points	0.03%	0.63%
Ecolab IncECL	MAGA +0.60 points	0.12%	0.72%
Oneok IncOKE	MAGA +0.60 points	0.10%	0.70%
Eog Resources IncEOG	MAGA +0.60 points	0.13%	0.73%
Firstenergy CorpFE	MAGA +0.60 points	0.04%	0.64%
Yum! Brands IncYUM	MAGA +0.60 points	0.07%	0.67%
United Rentals IncURI	MAGA +0.60 points	0.11%	0.71%
Cintas CorpCTAS	MAGA +0.60 points	0.11%	0.71%
L3HARRIS Technologies IncLHX	MAGA +0.59 points	0.07%	0.66%
Heico Corp-Class AHEI.A	MAGA +0.59 points	0.02%	0.61%
Rollins IncROL	MAGA +0.59 points	0.01%	0.60%
Southwest Airlines CoLUV	MAGA +0.59 points	0.03%	0.62%
Kinder Morgan IncKMI	MAGA +0.59 points	0.10%	0.69%
Intercontinental Exchange InICE	MAGA +0.59 points	0.14%	0.73%
Xpo IncXPO	MAGA +0.59 points	0.03%	0.62%
United Parcel Service-Cl BUPS	MAGA +0.58 points	0.10%	0.68%
KeycorpKEY	MAGA +0.59 points	0.03%	0.62%
Archer-Daniels-Midland CoADM	MAGA +0.58 points	0.06%	0.64%
Sysco CorpSYY	MAGA +0.58 points	0.06%	0.64%
Public StoragePSA	MAGA +0.58 points	0.08%	0.66%
T Rowe Price Group IncTROW	MAGA +0.57 points	0.04%	0.61%
Invitation Homes IncINVH	MAGA +0.57 points	0.02%	0.59%
Travelers Cos Inc/TheTRV	MAGA +0.57 points	0.13%	0.70%
Regions Financial CorpRF	MAGA +0.57 points	0.04%	0.61%
Fedex Freight Holding CoFDXF	MAGA +0.56 points	0.03%	0.59%
Heico CorpHEI	MAGA +0.56 points	0.03%	0.59%
American Electric PowerAEP	MAGA +0.56 points	0.11%	0.67%
Huntington Bancshares IncHBAN	MAGA +0.56 points	0.05%	0.61%
Fedex CorpFDX	MAGA +0.56 points	0.11%	0.67%
Wabtec CorpWAB	MAGA +0.56 points	0.07%	0.63%
Vici Properties IncVICI	MAGA +0.55 points	0.06%	0.61%
ConocophillipsCOP	MAGA +0.55 points	0.29%	0.84%
Kimberly-Clark CorpKMB	MAGA +0.55 points	0.10%	0.65%
International Paper CoIP	MAGA +0.56 points	0.03%	0.59%
Altria Group IncMO	MAGA +0.55 points	0.20%	0.75%
Hubbell IncHUBB	MAGA +0.55 points	0.04%	0.59%
Ati IncATI	MAGA +0.55 points	0.03%	0.58%
Fidelity National Info ServFIS	MAGA +0.55 points	0.02%	0.57%
Vistra CorpVST	MAGA +0.54 points	0.07%	0.61%

All 502 BKLC holdings⁠All 153 MAGA holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BKLC vs MAGA Cost

Overpaying MAGA vs BKLC

$13,957

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

BKLC 0.00%
$0
MAGA 0.72%
$13,957

Amount$10,000

Years30 years

Cost over time

BKLC 0.00%
MAGA 0.72%
Overpaying

Year by year

Year	BKLC	MAGA	Overpaying
10	$0	$1,284	$1,284
20	$0	$4,888	$4,888
30	$0	$13,957	$13,957

Expense ratio

0.00%BKLC, cheaper
0.72%MAGA

BKLC0.00%MAGA0.72%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

BKLC cheapest of 29 funds

MAGA 27th cheapest of 29 funds

BKLC vs MAGA Dividends

Last 12 months to Nov 2, 2026

Yield (12M): BKLC No data; MAGA 1.43%
Payout (12M): BKLC No data; MAGA $0.83
Last payment: BKLC $0.13; MAGA $0.83
Ex-dividend: BKLC Oct 1, 2026; MAGA Dec 30, 2025
Paid on: BKLC Oct 6, 2026; MAGA Dec 31, 2025
Frequency: BKLC Quarterly; MAGA Annual

Distribution history

Per share, 2017 to 2026, same scale for both

BKLCQuarterly · 20 paymentsAll BKLC payments⁠

MAGAAnnual · 9 paymentsAll MAGA payments⁠

BKLC vs MAGA Risk

Fall from peak · 5 years

BKLC
MAGA

Risk facts

VolatilityStd dev, 3 years: BKLC 12.7%, betterMAGA 13.7%
Return per unit of riskSharpe ratio, 3 years: BKLC 1.37, betterMAGA 0.92
Worst fallMax drawdown, 5 years: BKLC −26.2%MAGA −18.0%, better
Market sensitivityBeta, 5 years: BKLC 1.02MAGA 0.70; Market = 1

BKLC and MAGA in the news

All news⁠

Best ETFs
The best S&P 500 ETF costs 0.02%. Equal weight is a different bet
Updated Nov 2, 2026BKLC

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BKLC vs MAGA

In short

Stated mandate

Why people hold it

Worth knowing

How BKLC and MAGA differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BKLC

Only in MAGA

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The best S&P 500 ETF costs 0.02%. Equal weight is a different bet

How BKLC and MAGA differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BKLC

Only in MAGA

Weight gaps