Historical Prices

Start Date End Date

BNY Mellon High Yield Fund

Overview

Why invest in this Fund?

The fund seeks to maximize total return, consisting of capital appreciation and current income. To pursue this goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in fixed-income securities that, at the time of purchase, are rated below investment grade ('high yield' or 'junk' bonds) or are the unrated equivalent as determined by the manager.
Min. class investment
$1,000
Class Inception Date
06/02/97
Fund Assets
$1,027,763,120  As of  08/11/20
Class Assets
$127,425,715  As of  08/11/20
Portfolio Turnover Rate
67.61%  As of fiscal year end  12/31/19
Morningstar Category
High Yield Bond
Benchmark
ICE BofA Merrill Lynch U.S. High Yield Master II Constrained Index
Morningstar Overall Rating
Fund Holdings
400  As of  07/31/20
Average Effective Maturity
3.74  yr(s).  As of  07/31/20
Average Effective Duration
3.09  yr(s).  As of  07/31/20

Morningstar Rating™ as of July 31, 2020 for the Class A class shares; other classes may have different performance characteristics. Overall rating for the High Yield Bond category. Fund ratings are out of 5 Stars: Overall 3 Stars (632 funds rated); 3 Yrs. 3 Stars (632 funds rated); 5 Yrs. 3 Stars (544 funds rated); 10 Yrs. 3 Stars (346 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.

Portfolio Managers

  • Barris, Chris

    Chris Barris

    Global Head of High Yield, Deputy CIO, Alcentra

    10 yr(s). on fund

  • Cronk, Kevin

    Kevin Cronk

    Head of U.S. Credit Research, Alcentra

    8 yr(s). on fund

  • Hart, Leland

    Leland Hart

    Alcentra

    2 yr(s). on fund

Performance

Average Annual Returns

Click here to see SALES CHARGE  Max Sales Charge:  4.50% Front End Load

Month End

As of  07/31/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon High Yield Fund
DPLTX
 2.99 3.55 4.34 5.59 4.75 06/02/97
ICE BofA Merrill Lynch U.S. High Yield Master II Constrained Index
 2.99 4.12 5.68 6.59 - -

Quarter End

As of  06/30/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon High Yield Fund
DPLTX
 -1.10 2.37 3.30 5.44 4.55 06/02/97
ICE BofA Merrill Lynch U.S. High Yield Master II Constrained Index
 -1.17 2.92 4.57 6.46 - -

Cumulative Returns

Click here to see SALES CHARGE  Max Sales Charge:  4.50% Front End Load

Month End

As of  07/31/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon High Yield Fund
DPLTX
 2.99 11.03 23.64 72.33 192.71 06/02/97
ICE BofA Merrill Lynch U.S. High Yield Master II Constrained Index
 2.99 12.89 31.79 89.38 - -

Quarter End

As of  06/30/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon High Yield Fund
DPLTX
 -1.10 7.27 17.64 69.79 179.29 06/02/97
ICE BofA Merrill Lynch U.S. High Yield Master II Constrained Index
 -1.17 9.02 25.05 87.02 - -
The ICE BofA Merrill Lynch U.S. High Yield Master II Constrained Index contains all securities in the ICE BofA Merrill Lynch U.S. High Yield Index but caps issuer exposure at 2%. Index constituents are capitalization-weighted, based on their current amount outstanding, provided the total allocation to an individual issuer does not exceed 2%. Issuers that exceed the limit are reduced to 2% and the face value of each of their bonds is adjusted on a pro-rata basis. Similarly, the face values of bonds of all other issuers that fall below the 2% cap are increased on a pro-rata basis. In the event there are fewer than 50 issuers in the index, each is equally weighted and the face values of their respective bonds are increased or decreased on a pro-rata basis. 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.

    Monthly

    Fund 07/20 06/20 05/20 04/20 03/20 02/20 01/20 12/19 11/19 10/19 09/19 08/19
    DPLTX
    		 4.77% 5.16% 5.25% 5.27% 5.53% 4.73% 4.66% 4.88% 4.88% 4.87% 5.05% 5.12%

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

    Monthly yield history is the annualized distribution rate that is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.

    Yearly

    Fund 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
    DPLTX
    		 14.42% -4.05% 7.12% 12.71% -4.20% 1.55% 7.49% 14.74% 1.33% 12.50%

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

    Fees & Expenses

    Prospectus Fee Table Expense Ratios

    As of  05/01/20 Fee Description Expense Ratio (%)
    Management Fee 0.70%
    12B-1 Fee 0.25%
    Other Expenses 0.01%
    Total Expenses 0.96%
    Expenses Reimbursed 0.01%
    Net Expenses 0.95%
    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 agreed in its investment management agreement with the fund to: (1) pay all of the fund's expenses, except management fees, Rule 12b-1 fees and certain other expenses, including the fees and expenses of the non-interested board members and their counsel, and (2) reduce its fees pursuant to the investment management agreement in an amount equal to the fund's allocable portion of the fees and expenses of the non-interested board members and their counsel (in the amount of .01% for the past fiscal year). These provisions in the investment management agreement may not be amended without the approval of the fund's shareholders.

    Sales Charge

    Investment Amount Sales Charge
    Less than $50,000 4.50%
    Less than $100,000 4.00%
    Less than $250,000 3.00%
    Less than $500,000 2.50%
    Less than $1,000,000 2.00%
    Over $1,000,000 0.00%
    There is a 1% CDSC for purchases of $1,000,000 and over if redeemed within one year of purchase.
    Portfolio

    Portfolio Manager/Sub-Investment Advisor

    The fund's investment adviser is BNY Mellon Investment Adviser, Inc. Chris Barris, Kevin Cronk, CFA, and Leland Hart are the fund's primary portfolio managers, positions they have held since October 2010, September 2012 and February 2018, respectively. Mr. Barris is Global Head of High Yield and Deputy Chief Investment Officer at Alcentra NY, LLC (Alcentra), an affiliate of BNY Mellon Investment Adviser, Inc. Mr. Cronk is a Managing Director and U.S. Loan Portfolio Manager at Alcentra. Mr. Hart is a Managing Director and Head of U.S. Loans and High Yield at Alcentra. Alcentra investment professionals manage the fund in their capacity as employees of BNY Mellon Investment Adviser, Inc.

    Asset Allocation

        Stats & Risks

        Daily Statistics

        As of  08/11/20 Name 30-Day Sec Yield 
        (WITHOUT WAIVER)        		 30-Day Sec Yield 
        (WITH WAIVER)        		 NAV Change 01/22/20  12 Month 
        High Nav        		 03/23/20  12 Month 
        Low Nav        		 YTD Return
        DPLTX
        		 3.79% 3.79% $6.00
        $0.00
        0.00%
        		 $6.20 $4.90 0.28%

        Performance Metrics

        Overall Morningstar Rating

        MORNINGSTAR CATEGORY High Yield Bond

        Morningstar Rating™ as of 07/31/20 for the Class A shares; other classes may have different performance characteristics. Overall rating for the High Yield Bond. Fund ratings are out of 5 Stars: Overall 3 Stars (1522 funds rated); 3 Yrs. 3 Stars (632 funds rated); 5 Yrs. 3 Stars (544 funds rated); 10 Yrs. 3 Stars (346 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
          214 out of 512
        • 3 Year
          207 out of 456
        • 5 Year
          228 out of 392
        • 10 Year
          150 out of 279

        LIPPER CLASSIFICATION

        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.
        High yield bonds are subject to increased credit risk and are considered speculative in terms of the issuer's perceived ability to continue making interest payments on a timely basis and to repay principal upon maturity.
        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 lessmarket liquidity. These risks generally are greater with emerging market countries.
        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  07/31/20, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DPLTX
        		 8.88 0.21 0.51 3.67 0.25
        Distributions

        Dividend Schedule

        Declared
        Daily
        Distributed
        Monthly
        Paid
        Monthly
        Fiscal Year End
        Dec 31
        Annualized Distribution Rate
        4.77%
        As of  07/2020
        Annualized distribution rate is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.
        Month/Year Dividend ($)
        07/2020 0.025355565
        06/2020 0.027160103
        05/2020 0.025009793
        04/2020 0.024949024
        03/2020 0.027073946
        02/2020 0.022784416
        01/2020 0.025444252
        12/2019 0.027660340
        11/2019 0.024760421
        10/2019 0.026423583
        09/2019 0.027534682
        08/2019 0.026953555
        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
        DPLTX
        		 0.0000 0.0000 0.0094 0.0000 0.0000 0.0094 5.90
        Record Date Ex-Dividend Date Payable Date
        DPLTX
        		 12/03/18 12/04/18 12/04/18
        Literature