Historical Prices

Start Date End Date

BNY Mellon Floating Rate Income Fund

Overview

Why invest in this Fund?

The fund’s seeks high current income.

These investments effectively should enable the fund to achieve a floating rate of income. The fund's subadviser normally will focus on senior secured floating rate loans, which are loans secured by specific collateral of the borrower and being senior to most other securities of the borrower (e.g., common stock or debt instruments) in the event of bankruptcy.

The fund currently intends to invest principally in floating rate loans and other floating rate securities of U.S. issuers, but may invest up to 30% of its net assets in securities of foreign issuers, typically those located in foreign countries that are members of the Organization for Economic Co-operation and Development.
Min. class investment
$1,000
Class Inception Date
09/27/13
Class Status
Not available for purchase by individual investors.
Fund Assets
$747,417,391  As of  06/15/21
Class Assets
$98,537,745  As of  06/15/21
Portfolio Turnover Rate
93.27%  As of fiscal year end  08/31/20
Morningstar Category
Bank Loan
Benchmark
Credit Suisse Leveraged Loan Index
Morningstar Overall Rating
Fund Holdings
290  As of  05/31/21
Average Effective Maturity
5.25  yr(s).  As of  05/31/21
Average Effective Duration
0.38  yr(s).  As of  05/31/21

Morningstar Rating™ as of May 31, 2021 for the Class I class shares; other classes may have different performance characteristics. Overall rating for the Bank Loan category. Fund ratings are out of 5 Stars: Overall 3 Stars (231 funds rated); 3 Yrs. 3 Stars (231 funds rated); 5 Yrs. 3 Stars (208 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

  • Barris, Chris

    Chris Barris

    Global Head of High Yield, Deputy CIO, Alcentra

    8 yr(s). on fund

  • Cronk, Kevin

    Kevin Cronk

    Head of U.S. Credit Research, Alcentra

    4 yr(s). on fund

Performance

Average Annual Returns

Month End

As of  05/31/21 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Floating Rate Income Fund
DFLIX
 11.24 3.45 3.89 - 3.28 09/27/13

Quarter End

As of  03/31/21 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Floating Rate Income Fund
DFLIX
 19.91 3.19 4.13 - 3.19 09/27/13
Credit Suisse Leveraged Loan Index
 20.77 4.13 5.33 4.41 - -

Cumulative Returns

Month End

As of  05/31/21 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Floating Rate Income Fund
DFLIX
 11.24 10.72 21.02 - 28.05 09/27/13

Quarter End

As of  03/31/21 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Floating Rate Income Fund
DFLIX
 19.91 9.87 22.45 - 26.59 09/27/13
Credit Suisse Leveraged Loan Index
 20.77 12.92 29.67 53.91 - -
The Credit Suisse Leveraged Loan Index is a monthly rebalanced index. It is designed to mirror the investable universe of the USD-denominated leveraged loan market. Investors cannot invest directly in any index.

Growth of $10,000 Investment

Historical Performance

    Not available for purchase by individual investors.

    Monthly

    Fund 05/21 04/21 03/21 02/21 01/21 12/20 11/20 10/20 09/20 08/20 07/20 06/20
    DFLIX
    		 3.69% 3.82% 3.40% 3.86% 6.48% 4.26% 4.10% 4.25% 4.59% 4.12% 4.26% 4.14%

    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
    DFLIX
    		 2.59% 7.12% -0.59% 3.47% 7.54% -0.28% 1.40%

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

    Fees & Expenses

    Prospectus Fee Table Expense Ratios

    As of  12/31/20 Fee Description Expense Ratio (%)
    Management Fee 0.65%
    Other Expenses 0.16%
    Interest Expense 0.04%
    Total Expenses 0.85%
    Expenses Reimbursed 0.06%
    Net Expenses 0.79%
    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 December 31, 2021, 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 .75%. On or after December 31, 2021, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.
    Portfolio

    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, Alcentra NY, LLC (Alcentra), to serve as the fund's subadviser. Chris Barris and Kevin Cronk, CFA, are the fund's primary portfolio managers, positions they have held since September 2013 and May 2017, respectively. Mr. Barris is Acting Co-Chief Investment Officer, Liquid Credit at Alcentra. Mr. Cronk is a Loan Portfolio Manager at Alcentra.

    Asset Allocation

        Stats & Risks

        Daily Statistics

        As of  06/15/21 Name 30-Day Sec Yield 
        (WITHOUT WAIVER)        		 30-Day Sec Yield 
        (WITH WAIVER)        		 NAV Change 06/15/21  12 Month 
        High Nav        		 07/01/20  12 Month 
        Low Nav        		 YTD Return
        DFLIX
        		 3.37% 3.46% $11.51
        $0.00
        0.00%
        		 $11.51 $10.84 3.15%

        Performance Metrics

        Overall Morningstar Rating

        MORNINGSTAR CATEGORY Bank Loan

        Morningstar Rating™ as of 05/31/21 for the Class I shares; other classes may have different performance characteristics. Overall rating for the Bank Loan. Fund ratings are out of 5 Stars: Overall 3 Stars (231 funds rated); 3 Yrs. 3 Stars (231 funds rated); 5 Yrs. 3 Stars (208 funds rated); 10 Yrs. Stars (116 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
          115 out of 247
        • 3 Year
          92 out of 227
        • 5 Year
          96 out of 205
        • 10 Year
          out of

        LIPPER CLASSIFICATION Loan Participation Funds

        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.
        Floating rate bank loans are often less liquid than other types of debt instruments. There is no assurance that the liquidation of any collateral from a secured bank loan would satisfy the borrower's obligation, or that such collateral couldbe liquidated.
        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 foreigndenominated 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 marketliquidity. These risks generally are greater 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  05/31/21, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DFLIX
        		 8.65 1.62 0.24 0.89 0.29
        Distributions

        Dividend Schedule

        Declared
        Monthly
        Distributed
        Monthly
        Paid
        Monthly
        Fiscal Year End
        Aug 31
        Annualized Distribution Rate
        3.69%
        As of  05/2021
        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 ($)
        05/2021 0.036000000
        04/2021 0.036000000
        03/2021 0.036000000
        02/2021 0.033000000
        01/2021 0.034000000
        12/2020 0.063000000
        11/2020 0.041000000
        10/2020 0.038000000
        09/2020 0.040000000
        08/2020 0.042000000
        07/2020 0.039000000
        06/2020 0.040000000
        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
        DFLIX
        		 0.0360 0.0000 - 0.0000 0.0000 0.0360 11.47
        Record Date Ex-Dividend Date Payable Date
        DFLIX
        		 05/28/21 06/01/21 06/01/21
        (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
        DFLIX
        		 Final 0.0630 0.0000 0.0000 0.0000 0.0000 0.0630 11.30
        Record Date Ex-Dividend Date Payable Date
        DFLIX
        		 12/21/20 12/22/20 12/22/20
        Literature