Why invest in this Fund?

The fund seeks to maximize total return while realizing a market level of income consistent with preserving principal and liquidity. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in U.S. dollar and non-U.S. dollar-denominated fixed-income securities of governments and companies located in various countries, including emerging markets. The fund generally invests in eight or more countries, but always invests in at least three countries, one of which may be the United States. The fund may invest up to 25% of its net assets in emerging markets generally and up to 7% of its assets in any single emerging market country.
Min. Class Investment
$1,000
Class Inception Date
12/02/09
Fund Assets
$2,860,412,284  As of  09/17/24
Class Assets
$8,968,467  As of  09/17/24
Portfolio Turnover Rate
117.24% As of fiscal year end  12/31/23
Morningstar Category
Global Bond-USD Hedged
Benchmark
Bloomberg Global Aggregate Index (Hedged)
Morningstar Overall Rating
Fund Holdings
252 As of 08/31/24
AVERAGE EFFECTIVE MATURITY
8.44 yr(s).  As of  08/31/24
AVERAGE EFFECTIVE DURATION
6.15 yr(s).   As of  08/31/24
Yield To Maturity
3.78% As of 08/31/24

Morningstar Rating™ as of August 31, 2024 for the Class C class shares; other classes may have different performance characteristics. Overall rating for the Global Bond-USD Hedged category. Fund ratings are out of 5 Stars: Overall 3 Stars (104 funds rated); 3 Yrs. 4 Stars (104 funds rated); 5 Yrs. 4 Stars (97 funds rated); 10 Yrs. 2 Stars (60 funds rated).

Yields and Expense Ratio

30-DAY SEC YIELD
as of 09/17/24
ANNUALIZED
DISTRIBUTION RATE
PROSPECTUS FEE TABLE EXPENSE RATIO (%)
as of 05/01/24
Subsidized Unsubsidized Net Gross Contractual
Fee Waiver End Date
2.50 2.50 - 1.60 1.60 -

Yield fluctuates and past performance is no guarantee of future results.

The SEC 30-day Yield is calculated by dividing the net investment income per share earned during the period (calculated in accordance with regulatory guidelines) by the maximum offering price per share on the last day of the period.

Unsubsidized yield displays what the fund's 30-Day SEC Yield would have been had no fee waiver or expense reimbursement been in place during the period.

 

 

Portfolio Turnover Rate - It is a measure of how quickly securities in a fund are either bought or sold by the fund's managers, over a given period of time.

Average Effective Maturity (AEM) - is a measure of maturity that takes into account the possibility that a bond might be called back by the issuer. For a portfolio of bonds, average effective maturity is the weighted average of the maturities of the underlying bonds.

Average Effective Duration - It is used to measure the market price sensitivity of the fund’s portfolio holdings to changes in interest-rates. Duration is not a complete measure of bond risk and may not be successful.

Yield to Maturity (YTM) - is the expected annual rate of return earned on a bond assuming the debt security is held until maturity.

Portfolio Managers

  • Brendan Murphy

    Brendan Murphy, CFA

    Head of Global Fixed Income, North America, Insight North America, LLC

    Managing Fund Since 2011

    Joined Firm in 2005

    Joined Industry in 1996

  • Scott  Zaleski

    Scott Zaleski, CFA

    Senior Portfolio Manager, Insight North America, LLC

    Managing Fund Since 2018

    Joined Firm in 2014

    Joined Industry in 1990

  • Nathaniel  Hyde

    Nathaniel Hyde, CFA

    Portfolio Manager, Insight North America, LLC

    Managing Fund Since 2022

    Joined Firm in 2007

    Joined Industry in 2006

  • Adam Whiteley

    Adam Whiteley

    Portfolio Manager, Insight North America, LLC

    Managing Fund Since November 2023

    Joined Firm in 2007

    Joined Industry in 2007

  • Harvey Bradley

    Harvey Bradley

    Portfolio Manager, Insight North America, LLC

    Managing Fund Since November 2023

    Joined Firm in 2012

    Joined Industry in 2012


Total Returns

Click here to see SALES CHARGE  Max Sales Charge:  1.00%  CDSC Load
Average Annual
As of 08/31/24
Name 3 MO
08/31/24
YTD
08/31/24
1 YR 3 YRS 5 YRS 10 YRS Since Inception
BNY Mellon Global Fixed Income Fund
DHGCX
3.22 2.83 7.55 -0.74 0.50 1.36 4.59
Bloomberg Global Aggregate Index (Hedged)
3.94 3.19 7.48 -0.92 0.24 2.18 -
Average Annual
As of 06/30/24
Name 3 MO
06/30/24
YTD
06/30/24
1 YR 3 YRS 5 YRS 10 YRS Since Inception
BNY Mellon Global Fixed Income Fund
DHGCX
-1.01 -0.38 3.74 -1.57 0.35 1.16 4.51
Bloomberg Global Aggregate Index (Hedged)
0.12 0.13 4.20 -1.57 0.25 2.02 -

The performance data quotes represents past performance, which is no guarantee of future results. Yield, share price and investment return fluctuate and an investor's shares may be worth more or less than original cost upon redemption. Current performance may be lower or higher than the performance quoted. Click above for month-end returns.

The Bloomberg Global Aggregate Index (Hedged) is a flagship measure of global investment-grade debt from 24 local currency markets. This multi-currency benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging market issuers. Currency exposure is hedged to the U.S. dollar. Investors cannot invest directly in any index.

The total return performance figures presented for Class C shares of the fund represent the performance of the fund's Class I for periods prior to December 02, 2009, the inception date for Class C shares, and the performance of Class C, 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.

When applicable, returns reflect a contractual expense reduction, without which returns would have been lower. Please see contractual expense reduction information, if any, in the Prospectus Fee Table below.

Growth of $10,000 Investment

Past performance is no guarantee of future results.

Historical Performance

    These figures do not reflect the maximum sales charge which, if included, would reduce return.

    Past performance is no guarantee of future results.

     

    Yearly Total Return

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


    Redemption Charge

    As of    REDEMPTION YEAR CDSC
    Year  1 1.00

    Class C shares are subject to a contingent deferred sales charge (CDSC) imposed on Class C shares redeemed within one year of purchase.

    Prospectus Fee Table Expense Ratios

    As of  05/01/24 Fee Description Expense Ratio (%)
    Management Fee 0.40%
    12B-1 Fee 0.75%
    Service Fee 0.25%
    Administration Fee 0.01%
    Other Expenses 0.19%
    Total Expenses 1.60%
    Net Expenses 1.60%
    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.

    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, Insight North America LLC (INA), to serve as the fund's sub-adviser. Brendan Murphy, CFA, Scott Zaleski, CFA, Nathaniel Hyde, CFA, Adam Whiteley, CFA and Harvey Bradley, CFA are the fund's primary portfolio managers. Mr. Murphy is Head of Fixed Income, North America, at INA and has been a primary portfolio manager of the fund since May 2011. Mr. Zaleski is Co-Head of US Multi-Sector Fixed Income at INA and has been a primary portfolio manager of the fund since February 2018. Mr. Hyde is a portfolio manager at INA and has been a primary portfolio manager of the fund since September 2022. Mr. Whiteley is Head of Global Credit at Insight Investment Management (Global) Limited (Insight UK), an affiliate of INA, and has been a primary portfolio manager of the fund since October 2023. Mr. Bradley is a portfolio manager at Insight UK and has been a primary portfolio manager of the fund since October 2023. Messrs. Whiteley and Bradley are treated as "associated persons" of INA under the Investment Advisers Act of 1940, as amended, for purposes of providing investment advice with respect to the fund pursuant to a participating affiliate agreement between INA and Insight UK.

    Top Holdings

    As of 08/31/24

    Asset Allocation


        Daily Statistics

        As of 09/17/24 Name NAV Change 09/16/24  12 Month 
        High Nav
        10/19/23  12 Month 
        Low Nav
        YTD Return
        DHGCX
        $20.00
        -$0.03
        -0.15%
        $20.03 $17.83 5.31%

        Past performance is no guarantee of future results.

        Performance Metrics

        Overall Morningstar Rating


        MORNINGSTAR CATEGORY Global Bond-USD Hedged


        Morningstar Rating™ as of 08/31/24 for the Class C shares; other classes may have different performance characteristics. Overall rating for the Global Bond-USD Hedged. Fund ratings are out of 5 Stars: Overall 3 Stars (104 funds rated); 3 Yrs. 4 Stars (104 funds rated); 5 Yrs. 4 Stars (97 funds rated); 10 Yrs. 2 Stars (60 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
          54 out of 218
        • 3 Year
          51 out of 207
        • 5 Year
          64 out of 190
        • 10 Year
          46 out of 145

        LIPPER CLASSIFICATION Global Income Funds


        Lipper Category returns and rankings as of 08/31/24, 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 highly volatile, 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.

        Risk Metrics

        As of  08/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DHGCX
        6.11 0.00 0.77 93.40 -0.72

        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.


        Alpha - Alpha is a measure of a security's or portfolio's excess return.

        Beta - Beta is a measure of a security’s or portfolio’s volatility, or systematic risk.

        R-Squared - R-squared is a statistical measure that represents the percentage of a fund’s or security’s movements that are explained by movements in a benchmark index.

        Sharpe Ratio - Sharpe ratio is a risk-adjusted measure that measures reward per unit of risk. The higher the Sharpe ratio, the better.

        Standard Deviation - Standard deviation is a statistical measure of the degree to which an individual portfolio return tends to vary from the mean, based on the entire population. The greater the degree of dispersion, the greater the degree of risk. In mutual funds, the standard deviation tells us how much the return on the fund is deviating from the expected normal returns.


        Dividend Schedule

        Declared
        Quarterly
        Distributed
        Quarterly
        Paid
        Quarterly
        Fiscal Year End
        Dec 31
        Month/Year Dividend ($)*
        06/2024 0.0080
        12/2023 0.3088
        12/2022 0.5777
        09/2022 0.0710

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


        * With respect to BNY Mellon Global Fixed Income Fund, if the fund's cumulative distributions during or with respect to a taxable year exceed its current and accumulated earnings and profits (generally, its net investment income and capital gains) realized during that year, all or a portion of each distribution made in that taxable year will be treated as a return of capital to a shareholder to the extent of the shareholder’s tax basis in their shares, and thereafter as capital gain.  A return of capital reduces a shareholder's adjusted cost basis in the fund's shares.  This, in turn, affects the amount of any capital gain or loss realized by the shareholder upon selling the fund's shares and is not subject to tax currently unless the shareholder's adjusted cost basis has been reduced to zero.  Once a shareholder's adjusted cost basis has been reduced to zero, return of capital will be treated as capital gains.  A return of capital does not reflect positive investment performance.  Statements describing the source or sources of any quarterly distribution, to the extent from any source other than the fund's net income, will be delivered in writing or electronically to shareholders at the time of the distribution.  The tax status of your distributions will be detailed in your annual tax statement from the fund.  Because everyone's tax situation is unique, please consult your tax adviser before investing.

        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*
        06/27/24 06/28/24 06/28/24 0.0080 0.0000 - 0.0000 0.0000 0.0080
        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*
        12/19/23 12/20/23 12/20/23 0.3088 0.0000 0.0000 0.0000 0.0000 0.3088
        12/20/22 12/21/22 12/21/22 0.5777 0.0000 0.0000 0.0000 0.0000 0.5777
        09/29/22 09/30/22 09/30/22 0.0710 0.0000 - 0.0000 0.0000 0.0710
        03/30/22 03/31/22 03/31/22 - 0.0000 - 0.0000 0.0762 0.0762
        12/21/21 12/22/21 12/22/21 0.1454 0.0000 0.2175 0.0000 0.4892 0.8521
        03/30/21 03/31/21 03/31/21 - 0.0000 0.1065 0.0000 0.1313 0.2378
        12/29/20 12/30/20 12/30/20 0.4334 0.0000 0.0000 0.0000 0.0000 0.4334
        12/30/19 12/31/19 12/31/19 0.0507 0.0000 0.0000 0.0000 0.0000 0.0507
        12/28/18 12/31/18 12/31/18 0.5525 0.0000 0.0000 0.0000 0.0000 0.5525
        09/27/18 09/28/18 09/28/18 0.1310 0.0000 0.0000 0.0000 0.0000 0.1310
        12/28/17 12/29/17 12/29/17 0.2310 0.0000 0.0000 0.0000 0.0000 0.2310
        06/29/17 06/30/17 06/30/17 0.0310 0.0000 0.0000 0.0000 0.0000 0.0310
        03/30/17 03/31/17 03/31/17 0.0360 0.0000 0.0000 0.0000 0.1085 0.1445
        12/29/16 12/30/16 12/30/16 0.1737 0.0000 0.0607 0.0000 0.0627 0.2971
        12/30/15 12/31/15 12/31/15 0.1550 0.0000 0.0000 0.0000 0.0000 0.1550
        09/29/15 09/30/15 09/30/15 0.0560 0.0000 0.0000 0.0000 0.0000 0.0560
        06/29/15 06/30/15 06/30/15 0.0130 0.0000 0.0000 0.0000 0.0000 0.0130
        03/30/15 03/31/15 03/31/15 0.0530 0.0000 0.0308 0.0000 0.0900 0.1738
        12/30/14 12/31/14 12/31/14 0.3750 0.0000 0.0843 0.0000 0.2232 0.6825
        09/29/14 09/30/14 09/30/14 0.0550 0.0000 0.0000 0.0000 0.0000 0.0550
        06/27/14 06/30/14 06/30/14 0.0490 0.0000 0.0000 0.0000 0.0000 0.0490
        03/28/14 03/31/14 03/31/14 0.0630 0.0000 0.0000 0.0000 0.0000 0.0630
        12/27/13 12/30/13 12/30/13 0.2470 0.0000 0.0000 0.0000 0.0000 0.2470
        09/27/13 09/30/13 09/30/13 0.0320 0.0000 0.0000 0.0000 0.0000 0.0320
        06/27/13 06/28/13 06/28/13 0.1000 0.0000 0.0000 0.0000 0.0000 0.1000
        03/27/13 03/28/13 03/28/13 0.0740 0.0000 0.0232 0.0000 0.0000 0.0972
        12/27/12 12/28/12 12/28/12 0.1650 0.0000 0.4261 0.0000 0.0351 0.6262
        09/27/12 09/28/12 09/28/12 0.0370 0.0000 0.0000 0.0000 0.0000 0.0370
        06/28/12 06/29/12 06/29/12 0.0170 0.0000 0.0000 0.0000 0.0000 0.0170
        12/28/11 12/29/11 12/29/11 0.4500 0.0000 0.0000 0.0000 0.0000 0.4500
        09/29/11 09/30/11 09/30/11 0.0650 0.0000 0.0000 0.0000 0.0000 0.0650
        06/29/11 06/30/11 06/30/11 0.1000 0.0000 0.0000 0.0000 0.0000 0.1000
        03/30/11 03/31/11 03/31/11 0.0320 0.0000 0.0000 0.0000 0.0021 0.0341
        12/29/10 12/30/10 12/30/10 0.5850 0.0000 0.0000 0.0000 0.0000 0.5850
        09/29/10 09/30/10 09/30/10 0.0460 0.0000 0.0000 0.0000 0.0000 0.0460
        06/29/10 06/30/10 06/30/10 0.1430 0.0000 0.0000 0.0000 0.0000 0.1430
        03/30/10 03/31/10 03/31/10 0.1880 0.0000 0.0000 0.0000 0.0000 0.1880
        12/29/09 12/30/09 12/30/09 0.1840 0.0000 0.0000 0.0000 0.0000 0.1840
        See all rows...

        * With respect to BNY Mellon Global Fixed Income Fund, if the fund's cumulative distributions during or with respect to a taxable year exceed its current and accumulated earnings and profits (generally, its net investment income and capital gains) realized during that year, all or a portion of each distribution made in that taxable year will be treated as a return of capital to a shareholder to the extent of the shareholder’s tax basis in their shares, and thereafter as capital gain.  A return of capital reduces a shareholder's adjusted cost basis in the fund's shares.  This, in turn, affects the amount of any capital gain or loss realized by the shareholder upon selling the fund's shares and is not subject to tax currently unless the shareholder's adjusted cost basis has been reduced to zero.  Once a shareholder's adjusted cost basis has been reduced to zero, return of capital will be treated as capital gains.  A return of capital does not reflect positive investment performance.  Statements describing the source or sources of any quarterly distribution, to the extent from any source other than the fund's net income, will be delivered in writing or electronically to shareholders at the time of the distribution.  The tax status of your distributions will be detailed in your annual tax statement from the fund.  Because everyone's tax situation is unique, please consult your tax adviser before investing.

        Literature

        PRODUCT MATERIALS

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        Bonds without Borders Brochure Download
        BNY Mellon Global Fixed Income Fund - Investment Report Download
        BNY Mellon Global Fixed Income Fund - Presentation Download
        BNY Mellon Global Fixed Income Fund - Commentary Download
        A World of Opportunity: There Has Never Been A Time Like This For Global Fixed Income Download

        Factsheet, Prospectus and Reports

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        Factsheet Download
        Prospectus Download
        Summary Prospectus Download
        SAI Download
        Annual Report Download
        Semi Annual Report - Class C Download
        Semi Annual Financials and Other Information Download
        1Q Fiscal Holdings Download
        3Q Fiscal Holdings Download

        Investors should consider the investment objectives, risks, charges, and expenses of a mutual fund carefully before investing. Download a prospectus, or summary prospectus, if available, that contains this and other information about the fund, and read it carefully before investing.

        This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular investment, strategy, investment manager or account arrangement and should not serve as a primary basis for investment decisions.

        Please consult a legal, tax or investment professional in order to determine whether an investment product or service is appropriate for a particular situation.