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BNY Mellon Global Dynamic Bond Income Fund
- TICKER DGDCX
- Fund Code 6299
- CUSIP 05587N885
- SHARE CLASS
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
Class Inception Date
03/25/11
Fund Assets
$127,601,071
As of
01/17/20
Class Assets
$300,648
As of
01/17/20
Portfolio Turnover Rate
83.73%
As of fiscal year end
10/31/19
Morningstar Category
Nontraditional Bond
Benchmark
FTSE One-Month U.S. Treasury Bill Index
Fund Holdings
212 As of
12/31/19
Average Effective Maturity
7.03
yr(s). As of
12/31/19
Average Effective Duration
5.61
yr(s). As of
12/31/19
Morningstar Rating™ as of December 31, 2019 for the Class C class shares; other classes may have different performance characteristics. Overall rating for the Nontraditional Bond category. Fund ratings are out of 5 Stars: Overall 2 Stars (283 funds rated); 3 Yrs. 3 Stars (283 funds rated); 5 Yrs. 2 Stars (236 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. ©2018 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.
Average Annual Returns
Click here to see SALES CHARGE
Max Sales Charge:
1.00% CDSC Load
Month End
| As of 12/31/19 Name | 1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception | Inception Date |
|---|---|---|---|---|---|---|
|
BNY Mellon Global Dynamic Bond Income Fund
DGDCX | 7.54 | 3.07 | 1.99 | - | 2.41 | 03/25/11 |
|
FTSE One-Month U.S. Treasury Bill Index
| 2.20 | 1.61 | 1.01 | 0.53 | - | - |
Quarter End
| As of 12/31/19 Name | 1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception | Inception Date |
|---|---|---|---|---|---|---|
|
BNY Mellon Global Dynamic Bond Income Fund
DGDCX | 7.54 | 3.07 | 1.99 | - | 2.41 | 03/25/11 |
|
FTSE One-Month U.S. Treasury Bill Index
| 2.20 | 1.61 | 1.01 | 0.53 | - | - |
Cumulative Returns
Click here to see SALES CHARGE
Max Sales Charge:
1.00% CDSC Load
Month End
| As of 12/31/19 Name | 1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception | Inception Date |
|---|---|---|---|---|---|---|
|
BNY Mellon Global Dynamic Bond Income Fund DGDCX |
7.54 | 9.49 | 10.34 | - | 23.25 | 03/25/11 |
|
FTSE One-Month U.S. Treasury Bill Index
|
2.20 | 4.90 | 5.14 | 5.44 | - | - |
Quarter End
| As of 12/31/19 Name | 1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception | Inception Date |
|---|---|---|---|---|---|---|
|
BNY Mellon Global Dynamic Bond Income Fund
DGDCX | 7.54 | 9.49 | 10.34 | - | 23.25 | 03/25/11 |
|
FTSE One-Month U.S. Treasury Bill Index |
2.20 | 4.90 | 5.14 | 5.44 | - | - |
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.
Growth of $10,000 Investment
Historical Performance
These figures do not reflect the maximum sales charge which, if included, would reduce return.
Yearly Total Return
Yearly
| Fund | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|
|
DGDCX
|
7.54% | -0.14% | 1.95% | 2.61% | -1.78% | 1.75% | -0.18% | 9.17% |
Investment return fluctuates and past performance is no guarantee of future results.
Redemption Charge
| As of 01/21/20 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 03/01/19 Fee Description | Expense Ratio (%) |
|---|---|
| Management Fee | 0.40% |
| 12B-1 Fee | 0.75% |
| Service Fee | 0.25% |
| Other Expenses | 0.67% |
| Total Expenses | 2.07% |
| Expenses Reimbursed | 0.57% |
| Net Expenses | 1.50% |
The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until March 1, 2020, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of the classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed 0.50%. On or after March 1, 2020, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation at this time.
Portfolio Manager/Sub-Investment Advisor
The fund's investment adviser is BNY Mellon Investment Adviser, Inc. BNY Mellon Investment Adviser, Inc. has engaged its affiliate, Newton Investment Management (North America) 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. Mr. Brain and Mr. Cunningham have held the positions since the fund's inception in February 2011. Mr. Chadha has held the 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 the bond/FX and credit strategy group.
Top Holdings
| As of 12/31/19 Holdings | % Portfolio Weight |
|---|---|
| Ishares Iboxx $ High Yield Corporate Bond ETF | 4.09 |
| IShares JP Morgan USD Emerging Markets Bond ETF | 4.02 |
| Norway Government Bond, 1.75%, 02/17/2027 | 3.17 |
| Australia Government Bond, 3%, 03/21/2047 | 2.41 |
| United States Treasury Note/Bond, 2.375%, 05/15/2029 | 2.18 |
| U.S. Treasury Inflation Protected Securities, 2.375%, 01/15/2025 | 2.02 |
| Italy Buoni Poliennali Del Tesoro, 4.5%, 05/01/2023 | 1.99 |
| Hungary Government Bond, 2.5%, 10/24/2024 | 1.84 |
| United States Treasury Note/Bond, 3%, 11/15/2045 | 1.81 |
| New Zealand Local Government Funding, 4.5%, 04/15/2027 | 1.76 |
Asset Allocation
Daily Statistics
| As of 01/17/20 Name | 30-Day Sec Yield (WITHOUT WAIVER) |
30-Day Sec Yield (WITH WAIVER) |
NAV | Change | 09/04/19
12 Month High Nav |
02/04/19
12 Month Low Nav |
YTD Return |
|---|---|---|---|---|---|---|---|
|
DGDCX
|
1.04% | 1.34% | $12.16 |
$0.00
0.00%
|
$12.40 | $11.73 | 0.58% |
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.
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 12/31/19, 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
|---|---|---|---|---|---|
|
DGDCX
|
1.83 | 0.33 | 0.44 | 50.54 | 0.75 |
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 ($) |
|---|---|
| 12/2019 | 0.1893 |
| 10/2019 | 0.0640 |
| 07/2019 | 0.0790 |
| 04/2019 | 0.0500 |
All figures as of month-end. Dividend history does not reflect any capital gains that may have been paid.
Distributions History
| (Values Listed In $) | 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 |
|---|---|---|---|---|---|---|---|
|
DGDCX
|
0.1893 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.1893 | 12.10 |
| Record Date | Ex-Dividend Date | Payable Date | |
|---|---|---|---|
|
DGDCX
|
12/27/19 | 12/30/19 | 12/30/19 |
| (Values Listed In $) | Distribution Status | 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 |
|---|---|---|---|---|---|---|---|---|
|
DGDCX
| Final | 0.1893 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.1893 | 12.10 |
| Record Date | Ex-Dividend Date | Payable Date | |
|---|---|---|---|
|
DGDCX
|
12/27/19 | 12/30/19 | 12/30/19 |
