BNY Mellon Global Dynamic Bond Income Fund
- TICKER DGDAX
- Fund Code 6298
- CUSIP 05587N802
- SHARE CLASS
-
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Why invest in this Fund?
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.
Morningstar Rating™ as of February 28, 2023 for the Class A class shares; other classes may have different performance characteristics. Overall rating for the Nontraditional Bond category. Fund ratings are out of 5 Stars: Overall 3 Stars (310 funds rated); 3 Yrs. 2 Stars (310 funds rated); 5 Yrs. 3 Stars (267 funds rated); 10 Yrs. 3 Stars (137 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.
Portfolio Managers
-
Paul Brain
Team Leader, Global Fixed Income, Newton
12 yr(s). on fund
-
Howard Cunningham
Portfolio Manager, Newton
12 yr(s). on fund
-
Parmeshwar Chadha
Portfolio Manager,
6 yr(s). on fund
Total Returns
Month End
Average Annual As of 02/28/23 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 02/28/23 |
YTD 02/28/23 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Global Dynamic Bond Income Fund
DGDAX |
1.64 | 1.70 | -4.98 | -1.62 | 1.02 | 1.26 | 2.01 |
FTSE One-Month U.S. Treasury Bill Index
|
1.04 | 0.70 | 2.18 | 0.80 | 1.29 | 0.77 | - |
Quarter End
Average Annual As of 12/31/22 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 12/31/22 |
YTD 12/31/22 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Global Dynamic Bond Income Fund
DGDAX |
3.01 | -9.21 | -9.21 | -1.80 | 0.64 | 1.13 | 1.90 |
FTSE One-Month U.S. Treasury Bill Index
|
0.88 | 1.48 | 1.48 | 0.66 | 1.20 | 0.71 | - |
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
Yearly Total Return
Yearly
Prospectus Fee Table Expense Ratios
As of 03/01/23 Fee Description | Expense Ratio (%) |
---|---|
Management Fee | 0.40% |
Service Fee | 0.25% |
Other Expenses | 0.55% |
Acquired Fund Fees & Expenses | 0.02% |
Total Expenses | 1.22% |
Expenses Reimbursed | 0.15% |
Net Expenses | 1.07% |
The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until March 1, 2024, 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 expense, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed .80%. On or after March 1, 2024, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time. Because "acquired fund fees and expenses" are incurred indirectly by the fund, as a result of its investments in underlying funds, such fees and expenses are not included in the expense limitation.
Sales Charge
Portfolio Manager/Sub-Investment Adviser
Asset Allocation
Daily Statistics
As of 03/29/23 Name |
30-Day Sec Yield (WITHOUT WAIVER) |
30-Day Sec Yield (WITH WAIVER) |
NAV | Change |
04/04/22 12 Month High Nav |
12/28/22 12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|---|---|
DGDAX
|
-1.27% | 4.88% | $10.18 |
$0.01
0.10%
|
$11.57 | $9.99 | 1.90% |
Performance Metrics
Overall Morningstar Rating
MORNINGSTAR CATEGORY Nontraditional Bond
Morningstar Rating™ as of 02/28/23 for the Class A shares; other classes may have different performance
characteristics. Overall rating for the Nontraditional Bond. Fund ratings are out of 5 Stars: Overall
3 Stars (310 funds rated); 3 Yrs.
2 Stars (310 funds rated); 5 Yrs.
3 Stars (267 funds rated); 10 Yrs.
3 Stars (137 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
68 out of 98 -
3 Year
62 out of 93 -
5 Year
44 out of 82 -
10 Year
18 out of 33
LIPPER CLASSIFICATION Alternative Credit Focus Funds
Main Risks
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 highlyvolatile, 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 02/28/23 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
---|---|---|---|---|---|
DGDAX
|
6.51 | 1.20 | 0.78 | 53.63 | -0.38 |
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
Month/Year | Dividend ($) |
---|---|
12/2022 | 0.7160 |
10/2022 | 0.1190 |
07/2022 | 0.0530 |
04/2022 | 0.0260 |
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 |
---|---|---|---|---|---|---|---|---|---|
12/19/22 | 12/20/22 | 12/20/22 | 0.7160 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.7160 | 10.02 |
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 |
---|---|---|---|---|---|---|---|---|---|
10/31/22 | 11/01/22 | 11/01/22 | 0.1190 | 0.0000 | - | 0.0000 | 0.0000 | 0.1190 | - |
07/29/22 | 08/01/22 | 08/01/22 | 0.0530 | 0.0000 | - | 0.0000 | 0.0000 | 0.0530 | - |
04/29/22 | 05/02/22 | 05/02/22 | 0.0260 | 0.0000 | - | 0.0000 | 0.0000 | 0.0260 | - |
12/20/21 | 12/21/21 | 12/21/21 | 0.1083 | 0.0000 | 0.0000 | 0.0000 | 0.1562 | 0.2645 | - |
10/29/21 | 11/01/21 | 11/01/21 | 0.0430 | 0.0000 | - | 0.0000 | 0.0000 | 0.0430 | - |
12/18/20 | 12/21/20 | 12/21/20 | 0.1731 | 0.0178 | 0.0000 | 0.0000 | 0.0000 | 0.1909 | - |
10/30/20 | 11/02/20 | 11/02/20 | 0.0754 | 0.0056 | 0.0000 | 0.0000 | 0.0000 | 0.0810 | - |
07/31/20 | 08/03/20 | 08/03/20 | 0.0699 | 0.0091 | 0.0000 | 0.0000 | 0.0000 | 0.0790 | - |
04/30/20 | 05/01/20 | 05/01/20 | 0.0754 | 0.0036 | 0.0000 | 0.0000 | 0.0000 | 0.0790 | - |
12/27/19 | 12/30/19 | 12/30/19 | 0.2141 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.2141 | - |
10/31/19 | 11/01/19 | 11/01/19 | 0.0930 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0930 | - |
07/31/19 | 08/01/19 | 08/01/19 | 0.1040 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.1040 | - |
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Literature
Factsheet, Prospectus and Reports
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