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    BNY Mellon Global Dynamic Bond Income Fund

    Overview

    Why invest in this Fund?

    The fund seeks total return (consisting of income and capital appreciation).

    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.
    Min. class investment
    $1,000
    Class Inception Date
    03/25/11
    Fund Assets
    $118,022,351  As of  03/29/23
    Class Assets
    $5,809,535  As of  03/29/23
    Portfolio Turnover Rate
    91.91% As of fiscal year end  10/31/22
    Morningstar Category
    Nontraditional Bond
    Benchmark
    FTSE One-Month U.S. Treasury Bill Index
    Morningstar Overall Rating
    Fund Holdings
    185 As of 02/28/23
    AVERAGE EFFECTIVE MATURITY
    6.43 yr(s).  As of  02/28/23
    AVERAGE EFFECTIVE DURATION
    4.35 yr(s).   As of  02/28/23

    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

      Paul Brain

      Team Leader, Global Fixed Income, Newton

      12 yr(s). on fund
    • Howard Cunningham

      Howard Cunningham

      Portfolio Manager, Newton

      12 yr(s). on fund
    • Parmeshwar Chadha

      Parmeshwar Chadha

      Portfolio Manager,

      6 yr(s). on fund
    Performance

    Total Returns

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

    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

      Fees & Expenses

      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%
      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 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

      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, Newton Investment Management Limited (Newton), to serve as the fund's sub-investment adviser. Paul Brain, Howard Cunningham and Parmeshwar Chadha are the fund's primary portfolio managers. Messrs. Brain and Cunningham have held that position since the fund's inception in 2011, and Mr. Chadha has held that position since December 2016. Mr. Brain is the lead portfolio manager for the fund and is the investment leader of the fixed income team and chairman of the bond/FX strategy group at Newton. Mr. Cunningham is a credit analyst and investment manager and serves as chairman of the credit group at Newton. Mr. Chadha is a fixed income fund manager and the lead manager on all of Newton's high yield positions, as well as a member of Newton's bond/FX and credit strategy group.

      Top Holdings

      Download Total Holdings
      As of 02/28/23

      Asset Allocation

          Stats & Risks

          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

          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.
          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.


          Distributions

          Dividend Schedule

          Declared
          Qtry (May, Aug, Nov, Dec)
          Distributed
          Qtry (May, Aug, Nov, Dec)
          Paid
          Qtry (May, Aug, Nov, Dec)
          Fiscal Year End
          Oct 31
          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 -
          04/30/19 05/01/19 05/01/19 0.0681 0.0039 0.0000 0.0000 0.0000 0.0720 -
          12/26/18 12/27/18 12/27/18 0.2950 0.0024 0.0000 0.0000 0.0000 0.2974 -
          10/31/18 11/01/18 11/01/18 0.0797 0.0003 0.0000 0.0000 0.0000 0.0800 -
          07/31/18 08/01/18 08/01/18 0.0820 0.0000 0.0000 0.0000 0.0000 0.0820 -
          04/30/18 05/01/18 05/01/18 0.0400 0.0000 0.0000 0.0000 0.0000 0.0400 -
          12/27/17 12/28/17 12/28/17 0.0668 0.0112 0.0000 0.0000 0.0000 0.0780 -
          12/28/16 12/29/16 12/29/16 0.3028 0.0000 0.0043 0.0000 0.0000 0.3071 -
          10/31/16 11/01/16 11/01/16 0.0517 0.0023 0.0000 0.0000 0.0000 0.0540 -
          07/29/16 08/01/16 08/01/16 0.0441 0.0019 0.0000 0.0000 0.0000 0.0460 -
          12/29/15 12/30/15 12/30/15 0.1020 0.0000 0.0000 0.0000 0.0184 0.1204 -
          10/30/15 11/02/15 11/02/15 0.0460 0.0000 0.0000 0.0000 0.0000 0.0460 -
          07/31/15 08/03/15 08/03/15 0.0457 0.0003 0.0000 0.0000 0.0000 0.0460 -
          04/30/15 05/01/15 05/01/15 0.0884 0.0016 0.0000 0.0000 0.0000 0.0900 -
          12/29/14 12/30/14 12/30/14 0.2720 0.0000 0.0194 0.0000 0.0436 0.3350 -
          10/31/14 11/03/14 11/03/14 0.0830 0.0000 0.0000 0.0000 0.0000 0.0830 -
          04/30/14 05/01/14 05/01/14 0.0338 0.0042 0.0000 0.0000 0.0000 0.0380 -
          12/26/13 12/27/13 12/27/13 0.0670 0.0000 0.0000 0.0000 0.0000 0.0670 -
          10/31/13 11/01/13 11/01/13 0.0440 0.0000 0.0000 0.0000 0.0000 0.0440 -
          07/31/13 08/01/13 08/01/13 0.1026 0.0044 0.0000 0.0000 0.0000 0.1070 -
          04/30/13 05/01/13 05/01/13 0.1259 0.0141 0.0000 0.0000 0.0000 0.1400 -
          12/26/12 12/27/12 12/27/12 0.1426 0.0014 0.2006 0.0020 0.0066 0.3532 -
          10/31/12 11/01/12 11/01/12 0.1073 0.0067 0.0000 0.0000 0.0000 0.1140 -
          07/31/12 08/01/12 08/01/12 0.1221 0.0059 0.0000 0.0000 0.0000 0.1280 -
          04/30/12 05/01/12 05/01/12 0.0759 0.0111 0.0000 0.0000 0.0000 0.0870 -
          12/27/11 12/28/11 12/28/11 0.2846 0.0084 0.0110 0.0003 0.0022 0.3065 -
          10/31/11 11/01/11 11/01/11 0.0755 0.0105 0.0000 0.0000 0.0000 0.0860 -
          07/29/11 08/01/11 08/01/11 0.0153 0.0157 0.0000 0.0000 0.0000 0.0310 -
          See all rows...
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