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
    $73,668,358  As of  09/13/24
    Class Assets
    $20,000,519  As of  09/13/24
    Portfolio Turnover Rate
    123.10% As of fiscal year end  10/31/23
    Morningstar Category
    Nontraditional Bond
    Benchmark
    FTSE One-Month U.S. Treasury Bill Index
    Morningstar Overall Rating
    Fund Holdings
    122 As of 08/31/24
    AVERAGE EFFECTIVE MATURITY
    6.49 yr(s).  As of  08/31/24
    AVERAGE EFFECTIVE DURATION
    2.72 yr(s).   As of  08/31/24

    Morningstar Rating™ as of August 31, 2024 for the Class I 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 (270 funds rated); 3 Yrs. 2 Stars (270 funds rated); 5 Yrs. 2 Stars (246 funds rated); 10 Yrs. 3 Stars (168 funds rated).

    Yields and Expense Ratio

    30-DAY SEC YIELD
    as of 09/13/24     		ANNUALIZED
    DISTRIBUTION RATE
    		 PROSPECTUS FEE TABLE EXPENSE RATIO (%)
    as of 09/01/24
    Subsidized Unsubsidized Net Gross Contractual
    Fee Waiver End Date
    4.35 4.34 - 0.65 0.75 09/01/24

    Yield fluctuates and past performance is no guarantee of future results.

    The SEC 30-day Yield is calculated by dividing the net investment income per share earned during the period (calculated in accordance with regulatory guidelines) by the maximum offering price per share on the last day of the period.

    Unsubsidized yield displays what the fund's 30-Day SEC Yield would have been had no fee waiver or expense reimbursement been in place during the period.

     

     

    Portfolio Turnover Rate - It is a measure of how quickly securities in a fund are either bought or sold by the fund's managers, over a given period of time.

    Average Effective Maturity (AEM) - is a measure of maturity that takes into account the possibility that a bond might be called back by the issuer. For a portfolio of bonds, average effective maturity is the weighted average of the maturities of the underlying bonds.

    Average Effective Duration - It is used to measure the market price sensitivity of the fund’s portfolio holdings to changes in interest-rates. Duration is not a complete measure of bond risk and may not be successful.

    Portfolio Managers

    • Ella Hoxha

      Ella Hoxha

      Portfolio Manager, Newton Investment Management

      Managing Fund Since December 2023

      Joined Firm in 2023

      Joined Industry in 2003
    • Scott Freedman

      Scott Freedman

      Portfolio Manager, Newton Investment Management

      Managing Fund Since April 2024

      Joined Firm in 2009

      Joined Industry in 2002
    • Howard Cunningham

      Howard Cunningham

      Portfolio Manager, Newton

      Managing Fund Since 2011

      Joined Firm in 2000

      Joined Industry in 1988
    Performance

    Total Returns

    Month End

    Average Annual
    As of 08/31/24
    Name 3 MO
    08/31/24     		YTD
    08/31/24     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Global Dynamic Bond Income Fund
    DGDIX
    		3.82 4.22 6.51 -0.51 0.77 1.90 2.52
    FTSE One-Month U.S. Treasury Bill Index
    		1.37 3.68 5.57 3.42 2.26 1.57 -

    Quarter End

    Average Annual
    As of 06/30/24
    Name 3 MO
    06/30/24     		YTD
    06/30/24     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Global Dynamic Bond Income Fund
    DGDIX
    		-1.04 0.19 2.00 -1.65 0.41 1.54 2.24
    FTSE One-Month U.S. Treasury Bill Index
    		1.35 2.73 5.56 3.11 2.15 1.48 -

    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 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.

    When applicable, returns reflect a contractual expense reduction, without which returns would have been lower. Please see contractual expense reduction information, if any, in the Prospectus Fee Table below.

    Growth of $10,000 Investment

    Past performance is no guarantee of future results.

    Historical Performance

      Not available for purchase by individual investors.

       

      Past performance is no guarantee of future results.

      Yearly Total Return

      Yearly

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

      Fees & Expenses

      Prospectus Fee Table Expense Ratios

      As of  09/01/24 Fee Description Expense Ratio (%)
      Management Fee 0.40%
      Other Expenses 0.34%
      Acquired Fund Fees & Expenses 0.01%
      Total Expenses 0.75%
      Expenses Reimbursed 0.10%
      Net Expenses 0.65%
      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.
      Effective September 1, 2024, the fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until March 1, 2025, 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 share classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest expense, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed .65%. On or after March 1, 2025, 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.
      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 (NIM), to serve as the fund's sub-adviser. NIM has entered into a sub-sub-investment advisory agreement with its affiliate, Newton Investment Management North America, LLC (NIMNA), to enable NIMNA to provide certain advisory services to NIM for the benefit of the fund. Ella Hoxha, Howard Cunningham and Scott Freedman are the fund's primary portfolio managers. Mr. Cunningham has been a primary portfolio manager of the fund since the fund's inception in 2011. Ms. Hoxha and Mr. Freedman have been primary portfolio managers of the fund since December 2023 and April 2024, respectively. Ms. Hoxha is head of the fixed-income team at NIM. Mr. Cunningham is a credit analyst and investment manager and serves as head of credit at NIM. Mr. Freedman is a portfolio manager and credit analyst and a member of the fixed-income team at NIM.

      Top Holdings

      Download Total Holdings
      As of 08/31/24

      Asset Allocation

          Stats & Risks

          Daily Statistics

          As of 09/13/24 Name NAV Change 09/13/24  12 Month 
          High Nav           		10/06/23  12 Month 
          Low Nav           		YTD Return
          DGDIX
          		$11.03
          $0.03
          0.27%
          		$11.03 $10.09 5.75%

          Past performance is no guarantee of future results.

          Performance Metrics

          Overall Morningstar Rating

          MORNINGSTAR CATEGORY Nontraditional Bond

          Morningstar Rating™ as of 08/31/24 for the Class I shares; other classes may have different performance characteristics. Overall rating for the Nontraditional Bond. Fund ratings are out of 5 Stars: Overall 3 Stars (270 funds rated); 3 Yrs. 2 Stars (270 funds rated); 5 Yrs. 2 Stars (246 funds rated); 10 Yrs. 3 Stars (168 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
            70 out of 89
          • 3 Year
            71 out of 87
          • 5 Year
            55 out of 83
          • 10 Year
            35 out of 59

          LIPPER CLASSIFICATION Alternative Credit Focus Funds

          Lipper Category returns and rankings as of 08/31/24, 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.

          Risk Metrics

          As of  08/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DGDIX
          		5.32 -0.88 0.57 69.57 -0.79

          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.


          Alpha - Alpha is a measure of a security's or portfolio's excess return.

          Beta - Beta is a measure of a security’s or portfolio’s volatility, or systematic risk.

          R-Squared - R-squared is a statistical measure that represents the percentage of a fund’s or security’s movements that are explained by movements in a benchmark index.

          Sharpe Ratio - Sharpe ratio is a risk-adjusted measure that measures reward per unit of risk. The higher the Sharpe ratio, the better.

          Standard Deviation - Standard deviation is a statistical measure of the degree to which an individual portfolio return tends to vary from the mean, based on the entire population. The greater the degree of dispersion, the greater the degree of risk. In mutual funds, the standard deviation tells us how much the return on the fund is deviating from the expected normal returns.

          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 ($)
          12/2023 0.0656
          12/2022 0.7230
          10/2022 0.1220
          07/2022 0.0600

          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
          12/18/23 12/19/23 12/19/23 0.0656 0.0000 0.0000 0.0000 0.0000 0.0656
          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
          12/19/22 12/20/22 12/20/22 0.7230 0.0000 0.0000 0.0000 0.0000 0.7230
          10/31/22 11/01/22 11/01/22 0.1220 0.0000 - 0.0000 0.0000 0.1220
          07/29/22 08/01/22 08/01/22 0.0600 0.0000 - 0.0000 0.0000 0.0600
          04/29/22 05/02/22 05/02/22 0.0350 0.0000 - 0.0000 0.0000 0.0350
          12/20/21 12/21/21 12/21/21 0.1159 0.0000 0.0000 0.0000 0.1562 0.2721
          10/29/21 11/01/21 11/01/21 0.0490 0.0000 - 0.0000 0.0000 0.0490
          12/18/20 12/21/20 12/21/20 0.1830 0.0188 0.0000 0.0000 0.0000 0.2018
          10/30/20 11/02/20 11/02/20 0.0857 0.0063 0.0000 0.0000 0.0000 0.0920
          07/31/20 08/03/20 08/03/20 0.0779 0.0101 0.0000 0.0000 0.0000 0.0880
          04/30/20 05/01/20 05/01/20 0.0811 0.0039 0.0000 0.0000 0.0000 0.0850
          12/27/19 12/30/19 12/30/19 0.2210 0.0000 0.0000 0.0000 0.0000 0.2210
          10/31/19 11/01/19 11/01/19 0.0960 0.0000 0.0000 0.0000 0.0000 0.0960
          07/31/19 08/01/19 08/01/19 0.1110 0.0000 0.0000 0.0000 0.0000 0.1110
          04/30/19 05/01/19 05/01/19 0.0776 0.0044 0.0000 0.0000 0.0000 0.0820
          12/26/18 12/27/18 12/27/18 0.3018 0.0025 0.0000 0.0000 0.0000 0.3043
          10/31/18 11/01/18 11/01/18 0.0877 0.0003 0.0000 0.0000 0.0000 0.0880
          07/31/18 08/01/18 08/01/18 0.0880 0.0000 0.0000 0.0000 0.0000 0.0880
          04/30/18 05/01/18 05/01/18 0.0490 0.0000 0.0000 0.0000 0.0000 0.0490
          12/27/17 12/28/17 12/28/17 0.0685 0.0115 0.0000 0.0000 0.0000 0.0800
          12/28/16 12/29/16 12/29/16 0.3098 0.0000 0.0043 0.0000 0.0000 0.3141
          10/31/16 11/01/16 11/01/16 0.0594 0.0026 0.0000 0.0000 0.0000 0.0620
          07/29/16 08/01/16 08/01/16 0.0536 0.0024 0.0000 0.0000 0.0000 0.0560
          12/29/15 12/30/15 12/30/15 0.1050 0.0000 0.0000 0.0000 0.0184 0.1234
          10/30/15 11/02/15 11/02/15 0.0510 0.0000 0.0000 0.0000 0.0000 0.0510
          07/31/15 08/03/15 08/03/15 0.0547 0.0003 0.0000 0.0000 0.0000 0.0550
          04/30/15 05/01/15 05/01/15 0.0943 0.0017 0.0000 0.0000 0.0000 0.0960
          12/29/14 12/30/14 12/30/14 0.2780 0.0000 0.0194 0.0000 0.0436 0.3410
          10/31/14 11/03/14 11/03/14 0.0900 0.0000 0.0000 0.0000 0.0000 0.0900
          04/30/14 05/01/14 05/01/14 0.0454 0.0056 0.0000 0.0000 0.0000 0.0510
          12/26/13 12/27/13 12/27/13 0.0730 0.0000 0.0000 0.0000 0.0000 0.0730
          10/31/13 11/01/13 11/01/13 0.0530 0.0000 0.0000 0.0000 0.0000 0.0530
          07/31/13 08/01/13 08/01/13 0.1064 0.0046 0.0000 0.0000 0.0000 0.1110
          04/30/13 05/01/13 05/01/13 0.1349 0.0151 0.0000 0.0000 0.0000 0.1500
          12/26/12 12/27/12 12/27/12 0.1485 0.0015 0.2006 0.0020 0.0066 0.3592
          10/31/12 11/01/12 11/01/12 0.1129 0.0071 0.0000 0.0000 0.0000 0.1200
          07/31/12 08/01/12 08/01/12 0.1316 0.0064 0.0000 0.0000 0.0000 0.1380
          04/30/12 05/01/12 05/01/12 0.0829 0.0121 0.0000 0.0000 0.0000 0.0950
          12/27/11 12/28/11 12/28/11 0.2895 0.0085 0.0110 0.0003 0.0022 0.3115
          10/31/11 11/01/11 11/01/11 0.0807 0.0113 0.0000 0.0000 0.0000 0.0920
          07/29/11 08/01/11 08/01/11 0.0192 0.0198 0.0000 0.0000 0.0000 0.0390
          See all rows...
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