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Financial Professionals

    BNY Mellon Global Dynamic Bond Income Fund

    Why invest in this Fund?

    The fund seeks total return (consisting of income and capital appreciation).

    Accordingly, the fund normally invests at least 80% of its net assets, plus any borrowings, in bonds and other instruments that provide investment exposure to global bond and currency markets in seeking to produce absolute or real returns across economic cycles.

    The fund's portfolio managers employ a dynamic approach in allocating the fund's assets globally, principally among government bonds, emerging market sovereign debt, investment grade and high yield corporate instruments, and currencies.
    Min. class investment
    $1,000,000
    Class Inception Date
    07/01/13
    Class Status
    Not available for purchase by individual investors.
    Fund Assets
    $116,145,842  As of  02/03/23
    Class Assets
    $86,413,310  As of  02/03/23
    Portfolio Turnover Rate
    91.91% As of fiscal year end  10/31/22
    Morningstar Category
    Nontraditional Bond
    Benchmark
    FTSE One-Month U.S. Treasury Bill Index
    Morningstar Overall Rating
    Fund Holdings
    187 As of 12/31/22
    AVERAGE EFFECTIVE MATURITY
    6.97 yr(s).  As of  12/31/22
    AVERAGE EFFECTIVE DURATION
    4.24 yr(s).   As of  12/31/22

    Morningstar Rating™ as of December 31, 2022 for the Class Y class shares; other classes may have different performance characteristics. Overall rating for the Nontraditional Bond category. Fund ratings are out of 5 Stars: Overall 3 Stars (2 funds rated); 3 Yrs. 2 Stars (2 funds rated); 5 Yrs. 3 Stars (2 funds rated). The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance (not including the effects of sales charges, loads and redemption fees if applicable), placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. © Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.

     

    Portfolio Managers

    • Paul Brain

      Paul Brain

      Team Leader, Global Fixed Income, Newton

      11 yr(s). on fund

    • Howard Cunningham

      Howard Cunningham

      Portfolio Manager, Newton

      11 yr(s). on fund

    • Parmeshwar  Chadha

      Parmeshwar Chadha

      Portfolio Manager,

      6 yr(s). on fund


    Total Returns

    Average Annual
    As of 01/31/23
    Name 3 MO
    01/31/23
    YTD
    01/31/23
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Global Dynamic Bond Income Fund
    DGDYX
    5.91 2.68 -4.94 -0.91 1.48 1.70 2.36
    Average Annual
    As of 12/31/22
    Name 3 MO
    12/31/22
    YTD
    12/31/22
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Global Dynamic Bond Income Fund
    DGDYX
    3.14 -8.80 -8.80 -1.40 1.00 1.43 2.15
    FTSE One-Month U.S. Treasury Bill Index
    0.88 1.48 1.48 0.66 1.20 0.71 -

    The FTSE One-Month U.S.Treasury Bill Index consists of the last one-month Treasury bill month-end rates. The FTSE One-Month U.S. Treasury Bill Index measures return equivalents of yield averages. The instruments are not marked to market. Investors cannot invest directly in any index.

    The total return performance figures presented for Class Y shares of the fund represent the performance of the fund's Class A for periods prior to July 01, 2013, the inception date for Class Y shares, and the performance of Class Y, respectively, from that inception date. Performance reflects the applicable class' distribution/servicing fees since the inception date. Had these fees and expenses been reflected for periods prior, performance would have been different.


    Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

    Growth of $10,000 Investment

    The total return performance figures presented for Class Y shares of the fund represent the performance of the fund’s Class A shares for periods prior to Jul 01, 2013, the inception date for Class Y shares, and the performance of Class Y, respectively, from that inception date. Performance reflects the applicable class’ sales load and distribution/servicing fees since the inception date. Had these fees and expenses been reflected for periods prior, performance would have been lower. Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

    Historical Performance

      The total return performance figures presented for Class Y shares of the fund represent the performance of the fund’s Class A shares for periods prior to Jul 01, 2013, the inception date for Class Y shares, and the performance of Class Y, respectively, from that inception date. Performance reflects the applicable class’ sales load and distribution/servicing fees since the inception date. Had these fees and expenses been reflected for periods prior, performance would have been lower. Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

      Not available for purchase by individual investors.

      Yearly Total Return

      Investment return fluctuates and past performance is no guarantee of future results.


      Prospectus Fee Table Expense Ratios

      As of  03/01/22 Fee Description Expense Ratio (%)
      Management Fee 0.40%
      Other Expenses 0.22%
      Acquired Fund Fees & Expenses 0.01%
      Total Expenses 0.63%
      Total Expenses is the total annual operating expense ratio for the fund, before any fee waivers or expense reimbursements. Net Expenses is the total annual operating expense ratio for the fund, after any applicable fee waivers or expense reimbursements. The Total Expenses, or Net Expenses (if including fee waivers or expense reimbursements) is the actual fund expense ratio applicable to investors.
      The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until March 1, 2023, to waive receipt of its fees and/or assume the direct expenses of the fund, so that the direct expenses of none of the fund's classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed .80%. On or after March 1, 2023, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.

      Portfolio Manager/Sub-Investment Adviser

      The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). BNYM Investment Adviser has engaged its affiliate, Newton Investment Management Limited (Newton), to serve as the fund's sub-investment adviser. Paul Brain, Howard Cunningham and Parmeshwar Chadha are the fund's primary portfolio managers. Messrs. Brain and Cunningham have held that position since the fund's inception in 2011, and Mr. Chadha has held that position since December 2016. Mr. Brain is the lead portfolio manager for the fund and is the investment leader of the fixed income team and chairman of the bond/FX strategy group at Newton. Mr. Cunningham is a credit analyst and investment manager and serves as chairman of the credit group at Newton. Mr. Chadha is a fixed income fund manager and the lead manager on all of Newton's high yield positions, as well as a member of Newton's bond/FX and credit strategy group.

      Top Holdings

      As of 12/31/22

      Asset Allocation


          Daily Statistics

          As of 02/03/23 Name 30-Day Sec Yield
          (WITHOUT WAIVER)
          30-Day Sec Yield
          (WITH WAIVER)
          NAV Change 03/01/22  12 Month 
          High Nav
          12/28/22  12 Month 
          Low Nav
          YTD Return
          DGDYX
          5.46% 5.46% $10.43
          -$0.01
          -0.10%
          $11.75 $10.06 3.58%

          Performance Metrics

          Overall Morningstar Rating


          MORNINGSTAR CATEGORY Nontraditional Bond


          Morningstar Rating™ as of 12/31/22 for the Class Y shares; other classes may have different performance characteristics. Overall rating for the Nontraditional Bond. Fund ratings are out of 5 Stars: Overall 3 Stars (2 funds rated); 3 Yrs. 2 Stars (2 funds rated); 5 Yrs. 3 Stars (2 funds rated); 10 Yrs. Stars (2 funds rated).
          The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance (not including the effects of sales charges, loads and redemption fees if applicable), placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-,and 10-year (if applicable) Morningstar Rating metrics. © Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.

          Lipper Rankings

          • 1 Year
            61 out of 98
          • 3 Year
            59 out of 93
          • 5 Year
            42 out of 82
          • 10 Year
            out of

          LIPPER CLASSIFICATION Alternative Credit Focus Funds


          Lipper Category returns and rankings are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns. Rankings do not reflect sales loads

          Main Risks

          Bonds are subject to interest rate, credit, liquidity, call and market risks, to varying degrees. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines.
          Investing in foreign denominated and/or domiciled securities involves special risks, including changes in currency exchange rates, political, economic, and social instability, limited company information, differing auditing and legal standards, and less market liquidity. These risks generally are greater with emerging market countries.
          High yield bonds involve increased credit and liquidity risk than higher rated bonds and are considered speculative in terms of the issuer's ability to pay interest and repay principal on a timely basis.
          The use of derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in the underlying assets. Derivatives can be highlyvolatile, illiquid, and difficult to value and there is the risk that changes in the value of a derivative held by the portfolio will not correlate with the underlying instruments or the portfolio's other investments.
          Recent market risks include pandemic risks related to COVID-19. The effects of COVID-19 have contributed to increased volatility in global markets and will likely affect certain countries, companies, industries and market sectors more dramatically than others. 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.

          Risk Metrics

          As of  12/31/22  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DGDYX
          6.33 0.54 0.76 49.71 -0.33

          All risk metrics are provided by Morningstar. The index used in the calculations are determined by Morningstar which may not be the funds primary benchmark. The index Morningstar used for this analysis is Bloomberg U.S. Aggregate Bond Index.


          Dividend Schedule

          Declared
          Qtry (May, Aug, Nov, Dec)
          Distributed
          Qtry (May, Aug, Nov, Dec)
          Paid
          Qtry (May, Aug, Nov, Dec)
          Fiscal Year End
          Oct 31
          Month/Year Dividend ($)
          12/2022 0.7240
          10/2022 0.1270
          07/2022 0.0650
          04/2022 0.0400

          All figures as of month-end. Dividend history does not reflect any capital gains that may have been paid

          Distributions History

          Record Date Ex-Dividend Date Payable Date Ordinary 
          Non-Qualified 
          Dividends
          Qualified 
          Dividends
          Non-Qualified 
          Short-Term 
          Capital Gain
          Qualified 
          Short-Term 
          Capital Gain
          Long-Term 
          Capital Gain
          Total 
          Distribution
          Reinvest 
          NAV
          12/19/22 12/20/22 12/20/22 0.7240 0.0000 0.0000 0.0000 0.0000 0.7240 10.10
          Record Date Ex-Dividend Date Payable Date Ordinary 
          Non-Qualified 
          Dividends
          Qualified 
          Dividends
          Non-Qualified 
          Short-Term 
          Capital Gain
          Qualified 
          Short-Term 
          Capital Gain
          Long-Term 
          Capital Gain
          Total 
          Distribution
          Reinvest 
          NAV
          10/31/22 11/01/22 11/01/22 0.1270 0.0000 - 0.0000 0.0000 0.1270 -
          07/29/22 08/01/22 08/01/22 0.0650 0.0000 - 0.0000 0.0000 0.0650 -
          04/29/22 05/02/22 05/02/22 0.0400 0.0000 - 0.0000 0.0000 0.0400 -
          12/20/21 12/21/21 12/21/21 0.1181 0.0000 0.0000 0.0000 0.1562 0.2743 -
          10/29/21 11/01/21 11/01/21 0.0550 0.0000 - 0.0000 0.0000 0.0550 -
          12/18/20 12/21/20 12/21/20 0.1854 0.0190 0.0000 0.0000 0.0000 0.2044 -
          10/30/20 11/02/20 11/02/20 0.0894 0.0066 0.0000 0.0000 0.0000 0.0960 -
          07/31/20 08/03/20 08/03/20 0.0797 0.0103 0.0000 0.0000 0.0000 0.0900 -
          04/30/20 05/01/20 05/01/20 0.0811 0.0039 0.0000 0.0000 0.0000 0.0850 -
          12/27/19 12/30/19 12/30/19 0.2210 0.0000 0.0000 0.0000 0.0000 0.2210 -
          10/31/19 11/01/19 11/01/19 0.0960 0.0000 0.0000 0.0000 0.0000 0.0960 -
          07/31/19 08/01/19 08/01/19 0.1110 0.0000 0.0000 0.0000 0.0000 0.1110 -
          04/30/19 05/01/19 05/01/19 0.0776 0.0044 0.0000 0.0000 0.0000 0.0820 -
          12/26/18 12/27/18 12/27/18 0.3044 0.0025 0.0000 0.0000 0.0000 0.3069 -
          10/31/18 11/01/18 11/01/18 0.0877 0.0003 0.0000 0.0000 0.0000 0.0880 -
          07/31/18 08/01/18 08/01/18 0.0880 0.0000 0.0000 0.0000 0.0000 0.0880 -
          04/30/18 05/01/18 05/01/18 0.0490 0.0000 0.0000 0.0000 0.0000 0.0490 -
          12/27/17 12/28/17 12/28/17 0.0685 0.0115 0.0000 0.0000 0.0000 0.0800 -
          12/28/16 12/29/16 12/29/16 0.3128 0.0000 0.0043 0.0000 0.0000 0.3171 -
          10/31/16 11/01/16 11/01/16 0.0594 0.0026 0.0000 0.0000 0.0000 0.0620 -
          07/29/16 08/01/16 08/01/16 0.0536 0.0024 0.0000 0.0000 0.0000 0.0560 -
          12/29/15 12/30/15 12/30/15 0.1080 0.0000 0.0000 0.0000 0.0184 0.1264 -
          10/30/15 11/02/15 11/02/15 0.0510 0.0000 0.0000 0.0000 0.0000 0.0510 -
          07/31/15 08/03/15 08/03/15 0.0557 0.0003 0.0000 0.0000 0.0000 0.0560 -
          04/30/15 05/01/15 05/01/15 0.0943 0.0017 0.0000 0.0000 0.0000 0.0960 -
          12/29/14 12/30/14 12/30/14 0.2790 0.0000 0.0194 0.0000 0.0436 0.3420 -
          10/31/14 11/03/14 11/03/14 0.0900 0.0000 0.0000 0.0000 0.0000 0.0900 -
          04/30/14 05/01/14 05/01/14 0.0472 0.0058 0.0000 0.0000 0.0000 0.0530 -
          12/26/13 12/27/13 12/27/13 0.0730 0.0000 0.0000 0.0000 0.0000 0.0730 -
          10/31/13 11/01/13 11/01/13 0.0550 0.0000 0.0000 0.0000 0.0000 0.0550 -
          07/31/13 08/01/13 08/01/13 0.1064 0.0046 0.0000 0.0000 0.0000 0.1110 -
          See all rows...

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