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BNY Mellon Core Plus Fund
- TICKER DCPAX
- Fund Code 6347
- CUSIP 05580W866
- SHARE CLASS
Why invest in this Fund?
The fund seeks high total return consistent with preservation of capital. To pursue its goal, the fund normally invests in a diversified portfolio of fixed-income securities of U.S. and foreign issuers. Typically, the fund's portfolio can be expected to have an average effective duration ranging between three and eight years.Min. class investment
$1,000
Class Inception Date
02/02/18
Fund Assets
$1,665,879,228
As of
10/25/21
Class Assets
$405,208,849
As of
10/25/21
Portfolio Turnover Rate
106.79%
As of fiscal year end
04/30/21
Morningstar Category
Intermediate Core-Plus Bond
Benchmark
Bloomberg U.S. Aggregate Bond Index
Morningstar Overall Rating
Fund Holdings
475 As of
09/30/21
Average Effective Maturity
12.12
yr(s). As of
09/30/21
Average Effective Duration
5.98
yr(s). As of
09/30/21
Morningstar Rating™ as of September 30, 2021 for the Class A class shares; other classes may have different performance characteristics. Overall rating for the Intermediate Core-Plus Bond category. Fund ratings are out of 5 Stars: Overall 4 Stars (571 funds rated); 3 Yrs. 4 Stars (571 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. ©2021 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
-
Gautam Khanna
Portfolio Manager
3 yr(s). on fund
-
James DiChiaro
Portfolio Manager
2 yr(s). on fund
Total Returns
Click here to see SALES CHARGE
Max Sales Charge:
4.50% Front End Load
Month End
| Average Annual As of 09/30/21 |
|||||||
|---|---|---|---|---|---|---|---|
| Name | 3 MO 09/30/21 |
YTD 09/30/21 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
|
BNY Mellon Core Plus Fund
DCPAX | 0.07 | -0.62 | 1.93 | 6.57 | 4.15 | 4.34 | 4.26 |
|
Bloomberg U.S. Aggregate Bond Index
| 0.05 | -1.55 | -0.90 | 5.36 | 2.94 | 3.01 | - |
Quarter End
| Average Annual As of 09/30/21 |
|||||||
|---|---|---|---|---|---|---|---|
| Name | 3 MO 09/30/21 |
YTD 09/30/21 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
|
BNY Mellon Core Plus Fund
DCPAX | 0.07 | -0.62 | 1.93 | 6.57 | 4.15 | 4.34 | 4.26 |
|
Bloomberg U.S. Aggregate Bond Index
| 0.05 | -1.55 | -0.90 | 5.36 | 2.94 | 3.01 | - |
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 U.S. Aggregate Total Return Index is designed to measure the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, mortgage-backed pass-through securities (agency fixed-rate), commercial mortgage-backed securities (agency and non-agency) and other asset-backed securities having at least one year until final maturity. To be included in the index, securities must be rated investment grade (Baa3/BBB-/BBB- or higher) using the middle rating of Moody’s, S&P and Fitch. Investors cannot invest directly in an index.For periods prior to February 5, 2018, the information for the fund’s Class A shares represents the performance of a predecessor fund's Institutional shares, adjusted to reflect any applicable sales charges. Such performance figures have not been adjusted to reflect applicable class fees and expenses; if such fees and expenses had been reflected, the performance shown for Class A shares for such periods may have been lower.
Growth of $10,000 Investment
Historical Performance
These figures do not reflect the maximum sales charge which, if included, would reduce return.
For periods prior to February 5, 2018, the information for the fund’s Class A shares represents the performance of a predecessor fund's Institutional shares, adjusted to reflect any applicable sales charges. Such performance figures have not been adjusted to reflect applicable class fees and expenses; if such fees and expenses had been reflected, the performance shown for Class A shares for such periods may have been lower.
Monthly
| Fund | 09/21 | 08/21 | 07/21 | 06/21 | 05/21 | 04/21 | 03/21 | 02/21 | 01/21 | 12/20 | 11/20 | 10/20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
DCPAX
|
1.99% | 1.97% | 2.03% | 2.29% | 2.14% | 2.28% | 2.26% | 2.10% | 1.92% | 1.91% | 1.96% | 2.01% |
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 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|
|
DCPAX
|
9.37% | 10.88% | -1.00% | 5.13% | 4.83% | -0.42% | 7.28% | -1.32% | 8.49% | 5.69% |
Investment return fluctuates and past performance is no guarantee of future results.
Prospectus Fee Table Expense Ratios
| As of 08/31/21 Fee Description | Expense Ratio (%) |
|---|---|
| Management Fee | 0.35% |
| Service Fee | 0.25% |
| Other Expenses | 0.13% |
| Total Expenses | 0.73% |
| Expenses Reimbursed | 0.03% |
| Net Expenses | 0.70% |
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 August 31, 2022, 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 .45%. On or after August 31, 2022, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.
The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until August 31, 2022, 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 .45%. On or after August 31, 2022, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.
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 Manager/Sub-Investment Adviser
The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser), and the fund's sub-adviser is Insight North America LLC, an affiliate of BNYM Investment Adviser. Gautam Khanna and James DiChiaro are the fund's primary portfolio managers. Mr. Khanna has served as primary portfolio manager since the fund commenced operations on February 2, 2018. Mr. DiChiaro has served as a primary portfolio manager of the fund since August 1, 2019. Mr. Khanna also was the predecessor fund's primary portfolio manager since its inception in December 2010. Messrs. Khanna and DiChiaro are senior portfolio managers at the sub-adviser.
Top Holdings
As of 09/30/21| Holdings | % Portfolio Weight |
|---|---|
| U.S. Treasury, 3.1%, 02/15/2042 | 4.41 |
| U.S. Treasury, 1.1%, 05/15/2040 | 3.79 |
| U.S. Treasury, 1.9%, 02/15/2051 | 2.81 |
| U.S. Treasury, 0.8%, 08/31/2026 | 2.46 |
| U.S. Treasury, 1.6%, 05/15/2031 | 2.34 |
| U.S. Treasury, 1.4%, 08/15/2050 | 1.31 |
| U.S. Treasury, 1.3%, 08/15/2031 | 1.30 |
| U.S. Treasury, 2.4%, 04/30/2026 | 1.30 |
| U.S. Treasury, 1.1%, 02/15/2031 | 1.01 |
| AT&T, 3.6%, 09/15/2055 | 0.97 |
Asset Allocation
Daily Statistics
| As of 10/25/21 Name | 30-Day Sec Yield (WITHOUT WAIVER) |
30-Day Sec Yield (WITH WAIVER) |
NAV | Change | 12/31/20
12 Month High Nav |
03/18/21
12 Month Low Nav |
YTD Return |
|---|---|---|---|---|---|---|---|
|
DCPAX
|
1.57% | 1.57% | $10.86 |
$0.00
0.00%
|
$11.18 | $10.75 | -1.12% |
Performance Metrics
Overall Morningstar Rating
MORNINGSTAR CATEGORY Intermediate Core-Plus Bond
Morningstar Rating™ as of 09/30/21 for the Class A shares; other classes may have different performance characteristics. Overall rating for the Intermediate Core-Plus Bond.
Fund ratings are out of 5 Stars: Overall 4 Stars (571 funds rated); 3 Yrs. 4 Stars (571
funds rated); 5 Yrs. Stars (498 funds rated); 10 Yrs. Stars (357 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
85 out of 309 - 3 Year
66 out of 288 - 5 Year
out of - 10 Year
out of
LIPPER CLASSIFICATION Core Plus Bond Funds
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 decline. 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.
Mortgage-backed securities: Ginnie Maes and other securities backed by the full faith and credit of the United States are guaranteed only as to the timely payment of interest and principal when held to maturity. The market prices for such securtgage-backed securities: Ginnie Maes and other securities backed by the full faith and credit of the United States are guaranteed only as to the timely payment of interest and principal when held to maturity. The market prices for such securities are not guaranteed and will fluctuate. Privately issued mortgage related securities also are subject to credit risks associated with the underlying mortgage properties. These securities may be more volatile and less liquid than more traditional, government bacities are not guaranteed and will fluctuate. Privately issued mortgage related securities also are subject to credit risks associated with the underlying mortgage properties. These securities may be more volatile and less liquid than more traditional, government backed debt securities.
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.
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 standreign 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 liquiditards, and less market liquidity. These risks generally are greater with emerging market countries.
The fund may, but is not required to, use derivatives which involves risks different from, or possibly greater than, the risks associated with investing directly in the underlyiwith 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 instrng 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.
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.
Mortgage-backed securities: Ginnie Maes and other securities backed by the full faith and credit of the United States are guaranteed only as to the timely payment of interest and principal when held to maturity. The market prices for such securtgage-backed securities: Ginnie Maes and other securities backed by the full faith and credit of the United States are guaranteed only as to the timely payment of interest and principal when held to maturity. The market prices for such securities are not guaranteed and will fluctuate. Privately issued mortgage related securities also are subject to credit risks associated with the underlying mortgage properties. These securities may be more volatile and less liquid than more traditional, government bacities are not guaranteed and will fluctuate. Privately issued mortgage related securities also are subject to credit risks associated with the underlying mortgage properties. These securities may be more volatile and less liquid than more traditional, government backed debt securities.
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.
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 standreign 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 liquiditards, and less market liquidity. These risks generally are greater with emerging market countries.
The fund may, but is not required to, use derivatives which involves risks different from, or possibly greater than, the risks associated with investing directly in the underlyiwith 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 instrng 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.
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 09/30/21 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
|---|---|---|---|---|---|
|
DCPAX
|
4.86 | 0.74 | 1.11 | 63.06 | 1.13 |
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
Daily
Distributed
Monthly
Paid
Monthly
Fiscal Year End
Apr 30
Annualized Distribution Rate
1.99%
As of 09/2021
As of 09/2021
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 ($) |
|---|---|
| 09/2021 | 0.018750644 |
| 08/2021 | 0.019942481 |
| 07/2021 | 0.019341735 |
| 06/2021 | 0.021666494 |
| 05/2021 | 0.018721342 |
| 04/2021 | 0.021343037 |
| 03/2021 | 0.023114705 |
| 02/2021 | 0.018489173 |
| 01/2021 | 0.017651658 |
| 12/2020 | 0.019043005 |
| 11/2020 | 0.019485828 |
| 10/2020 | 0.018903594 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| 12/08/20 | 12/09/20 | 12/09/20 | 0.0000 | 0.0000 | 0.0242 | 0.0000 | 0.0000 | 0.0242 | 11.11 |
