Historical Prices

Start Date End Date

BNY Mellon Yield Enhancement Strategy Fund

Why invest in this Fund?

The fund seeks high current income. Accordingly, the fund normally allocates its assets across fixed-income investment strategies. The fund is designed to complement and diversify traditional bond portfolios. The fund normally allocates its assets using a fund-of-funds approach among other investment companies (the underlying funds) that employ various fixed-income investment strategies, high yield securities, senior loans, emerging markets debt, municipal securities and Treasury and other inflation-protected securities. Underlying funds may include other funds in the BNY Mellon Family of Funds and unaffiliated open-end funds, closed-end funds and exchange-traded funds.
Min. class investment
$1,000
Class Inception Date
03/07/14
Fund Assets
$339,606,316  As of  09/23/20
Class Assets
$24,192  As of  09/23/20
Portfolio Turnover Rate
21.45%  As of fiscal year end  10/31/19
Morningstar Category
Multisector Bond
Benchmark
Bloomberg Barclays U.S. Aggregate Bond Index
Fund Holdings
6.00  As of  08/31/20

Morningstar Rating™ as of August 31, 2020 for the Class C class shares; other classes may have different performance characteristics. Overall rating for the Multisector Bond category. Fund ratings are out of 5 Stars: Overall 2 Stars (293 funds rated); 3 Yrs. 2 Stars (293 funds rated); 5 Yrs. 2 Stars (251 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

  • Mortimer, Jeffrey M.

    Jeffrey M. Mortimer

    Portfolio Manager

    6 yr(s). on fund

  • Lee-Tsao, Caroline

    Caroline Lee-Tsao

    Portfolio Manager

    5 yr(s). on fund


Click here to see SALES CHARGE  Max Sales Charge:  1.00% CDSC Load
As of  08/31/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Yield Enhancement Strategy Fund
DABLX
1.30 2.54 3.03 - 2.55 03/07/14
Bloomberg Barclays U.S. Aggregate Bond Index
6.47 5.09 4.33 3.65 - -
As of  06/30/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Yield Enhancement Strategy Fund
DABLX
0.14 2.02 2.28 - 2.19 03/07/14
Bloomberg Barclays U.S. Aggregate Bond Index
8.74 5.32 4.30 3.82 - -
Click here to see SALES CHARGE  Max Sales Charge:  1.00% CDSC Load
As of  08/31/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Yield Enhancement Strategy Fund
DABLX
1.30 7.83 16.10 - 17.74 03/07/14
Bloomberg Barclays U.S. Aggregate Bond Index
6.47 16.07 23.60 43.14 - -
As of  06/30/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Yield Enhancement Strategy Fund
DABLX
0.14 6.18 11.95 - 14.69 03/07/14
Bloomberg Barclays U.S. Aggregate Bond Index
8.74 16.83 23.45 45.55 - -
The Bloomberg Barclays 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.

Growth of $10,000 Investment

Historical Performance

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

    Fund 08/20 07/20 06/20 05/20 04/20 03/20 02/20 01/20 12/19 11/19 10/19 09/19
    DABLX
    2.18% 2.18% 2.30% 3.13% 2.90% 2.42% 2.85% 7.26% 1.94% 4.09% 3.10% 2.46%

    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.

    Fund 2019 2018 2017 2016 2015
    DABLX
    8.26% -1.27% 4.37% 5.03% -1.69%

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


    Redemption Charge

    As of  09/24/20  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  02/28/20 Fee Description Expense Ratio (%)
    12B-1 Fee 0.75%
    Service Fee 0.25%
    Other Expenses 0.12%
    Acquired Fund Fees & Expenses 0.59%
    Total Expenses 1.71%
    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 Advisor

    The fund's investment adviser is BNY Mellon Investment Adviser, Inc. Caroline Lee-Tsao and Jeffrey M. Mortimer, CFA, are the fund's primary portfolio managers responsible for investment allocation decisions, positions they have held since November 2015 and the fund's inception in March 2014, respectively. Ms. Lee-Tsao is the Senior Investment Strategist for BNY Mellon Wealth Management and Mr. Mortimer is Director of Investment Strategy for BNY Mellon Wealth Management. BNY Mellon Wealth Management investment professionals manage the fund in their capacity as employees of BNY Mellon Investment Adviser, Inc.

    Asset Allocation


        Daily Statistics

        As of  09/23/20 Name 30-Day Sec Yield 
        (WITHOUT WAIVER)
        30-Day Sec Yield 
        (WITH WAIVER)
        NAV Change 02/25/20  12 Month 
        High Nav
        03/23/20  12 Month 
        Low Nav
        YTD Return
        DABLX
        - - $12.10
        -$0.01
        -0.08%
        $12.45 $10.50 0.21%

        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 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.
        Municipal income may be subjectto state and local taxes. Some income may be subject to the federal alternative minimum tax for certain investors. Capital gains, if any, are taxable.
        Mortgage 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 backed debt securities.
        Investing in foreign denominated and/or domiciled securitiesinvolves 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 aregreater with emerging market countries.
        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.
        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  08/31/20, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DABLX
        6.38 -0.78 0.55 8.45 0.17

        Dividend Schedule

        Declared
        Monthly
        Distributed
        Monthly
        Paid
        Monthly
        Fiscal Year End
        Oct 31
        Annualized Distribution Rate
        2.18%
        As of  08/2020
        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.

        Dreyfus Yield Enhancement Strategy Fund  has historically invested about 25% in Tax Exempt funds. The income received from those investments would be tax exempt to the fund and will be reported as tax exempt when distributed to its shareholders.  At year end, the amount of taxable and tax exempt income will be reported to the fund shareholders on Form 1099-DIV.

        Month/Year Dividend ($)
        09/2020 0.021499999
        08/2020 0.033600000
        07/2020 0.022200000
        06/2020 0.022499999
        05/2020 0.031100000
        04/2020 0.027000000
        03/2020 0.023000000
        02/2020 0.028000000
        12/2019 0.096900000
        11/2019 0.041200000
        10/2019 0.032400000
        09/2019 0.024900000
        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
        DABLX
        0.0070 0.0145 0.0000 0.0000 0.0000 0.0215 12.16
        Record Date Ex-Dividend Date Payable Date
        DABLX
        09/01/20 09/02/20 09/02/20
        (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
        DABLX
        Final 0.0000 0.0766 0.0000 0.0000 0.0000 0.0766 12.29
        Record Date Ex-Dividend Date Payable Date
        DABLX
        12/30/19 12/31/19 12/31/19