BNY Mellon Global Fixed Income Fund
- TICKER SDGIX
- Fund Code 6934
- CUSIP 05586X801
- SHARE CLASS
-
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Why invest in this Fund?
Morningstar Rating™ as of July 31, 2024 for the Class I class shares; other classes may have different performance characteristics. Overall rating for the Global Bond-USD Hedged category. Fund ratings are out of 5 Stars: Overall 5 Stars (103 funds rated); 3 Yrs. 5 Stars (103 funds rated); 5 Yrs. 5 Stars (97 funds rated); 10 Yrs. 4 Stars (60 funds rated).
Yields and Expense Ratio
30-DAY SEC YIELD as of 08/30/24 |
ANNUALIZED DISTRIBUTION RATE |
PROSPECTUS FEE TABLE EXPENSE RATIO (%) as of 05/01/24 |
|||
---|---|---|---|---|---|
Subsidized | Unsubsidized | Net | Gross | Contractual Fee Waiver End Date |
|
3.66 | 3.66 | - | 0.54 | 0.54 | - |
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.
Yield to Maturity (YTM) - is the expected annual rate of return earned on a bond assuming the debt security is held until maturity.
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.
Yield to Maturity (YTM) - is the expected annual rate of return earned on a bond assuming the debt security is held until maturity.
Portfolio Managers
-
Brendan Murphy, CFA
Head of Global Fixed Income, North America, Insight North America, LLC
Managing Fund Since 2011
Joined Firm in 2005
Joined Industry in 1996
-
Scott Zaleski, CFA
Senior Portfolio Manager, Insight North America, LLC
Managing Fund Since 2018
Joined Firm in 2014
Joined Industry in 1990
-
Nathaniel Hyde, CFA
Portfolio Manager, Insight North America, LLC
Managing Fund Since 2022
Joined Firm in 2007
Joined Industry in 2006
-
Adam Whiteley
Portfolio Manager, Insight North America, LLC
Managing Fund Since November 2023
Joined Firm in 2007
Joined Industry in 2007
-
Harvey Bradley
Portfolio Manager, Insight North America, LLC
Managing Fund Since November 2023
Joined Firm in 2012
Joined Industry in 2012
Total Returns
Month End
Average Annual As of 07/31/24 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 07/31/24 |
YTD 07/31/24 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Global Fixed Income Fund
SDGIX |
4.70 | 3.53 | 8.36 | -0.09 | 1.77 | 2.42 | 5.10 |
Bloomberg Global Aggregate Index (Hedged)
|
3.73 | 2.07 | 6.18 | -1.34 | 0.47 | 2.19 | - |
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 Fixed Income Fund
SDGIX |
0.25 | 1.11 | 5.88 | -0.53 | 1.41 | 2.22 | 5.03 |
Bloomberg Global Aggregate Index (Hedged)
|
0.12 | 0.13 | 4.20 | -1.57 | 0.25 | 2.02 | - |
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 Bloomberg Global Aggregate Index (Hedged) is a flagship measure of global investment-grade debt from 24 local currency markets. This multi-currency benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging market issuers. Currency exposure is hedged to the U.S. dollar. Investors cannot invest directly in any index.
Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.
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
Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.
Past performance is no guarantee of future results.
Historical Performance
Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.
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.
Prospectus Fee Table Expense Ratios
As of 05/01/24 Fee Description | Expense Ratio (%) |
---|---|
Management Fee | 0.40% |
Administration Fee | 0.01% |
Other Expenses | 0.13% |
Total Expenses | 0.54% |
Net Expenses | 0.54% |
Portfolio Manager/Sub-Investment Adviser
Asset Allocation
Daily Statistics
As of 08/30/24 Name | NAV | Change |
08/26/24 12 Month High Nav |
10/19/23 12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|
SDGIX
|
$20.69 |
-$0.02
-0.10%
|
$20.76 | $18.65 | 4.59% |
Past performance is no guarantee of future results.
Performance Metrics
Overall Morningstar Rating
MORNINGSTAR CATEGORY Global Bond-USD Hedged
Morningstar Rating™ as of 07/31/24 for the Class I shares; other classes may have different performance
characteristics. Overall rating for the Global Bond-USD Hedged. Fund ratings are out of 5 Stars: Overall
5 Stars (103 funds rated); 3 Yrs.
5 Stars (103 funds rated); 5 Yrs.
5 Stars (97 funds rated); 10 Yrs.
4 Stars (60 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
18 out of 224 -
3 Year
27 out of 213 -
5 Year
18 out of 190 -
10 Year
16 out of 144
LIPPER CLASSIFICATION Global Income 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 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.
Risk Metrics
As of 07/31/24 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
---|---|---|---|---|---|
SDGIX
|
6.07 | 1.10 | 0.77 | 93.42 | -0.59 |
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.
Dividend Schedule
Month/Year | Dividend ($)* |
---|---|
06/2024 | 0.0600 |
03/2024 | 0.0400 |
12/2023 | 0.3607 |
12/2022 | 0.6289 |
All figures as of month-end. Dividend history does not reflect any capital gains that may have been paid
* With respect to BNY Mellon Global Fixed Income Fund, if the fund's cumulative distributions during or with respect to a taxable year exceed its current and accumulated earnings and profits (generally, its net investment income and capital gains) realized during that year, all or a portion of each distribution made in that taxable year will be treated as a return of capital to a shareholder to the extent of the shareholder’s tax basis in their shares, and thereafter as capital gain. A return of capital reduces a shareholder's adjusted cost basis in the fund's shares. This, in turn, affects the amount of any capital gain or loss realized by the shareholder upon selling the fund's shares and is not subject to tax currently unless the shareholder's adjusted cost basis has been reduced to zero. Once a shareholder's adjusted cost basis has been reduced to zero, return of capital will be treated as capital gains. A return of capital does not reflect positive investment performance. Statements describing the source or sources of any quarterly distribution, to the extent from any source other than the fund's net income, will be delivered in writing or electronically to shareholders at the time of the distribution. The tax status of your distributions will be detailed in your annual tax statement from the fund. Because everyone's tax situation is unique, please consult your tax adviser before investing.
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* |
---|---|---|---|---|---|---|---|---|
06/27/24 | 06/28/24 | 06/28/24 | 0.0600 | 0.0000 | - | 0.0000 | 0.0000 | 0.0600 |
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* |
---|---|---|---|---|---|---|---|---|
03/27/24 | 03/28/24 | 03/28/24 | 0.0400 | 0.0000 | - | 0.0000 | 0.0000 | 0.0400 |
12/19/23 | 12/20/23 | 12/20/23 | 0.3607 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.3607 |
12/20/22 | 12/21/22 | 12/21/22 | 0.6289 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.6289 |
09/29/22 | 09/30/22 | 09/30/22 | 0.1250 | 0.0000 | - | 0.0000 | 0.0000 | 0.1250 |
03/30/22 | 03/31/22 | 03/31/22 | 0.0154 | 0.0000 | - | 0.0000 | 0.0762 | 0.0916 |
12/21/21 | 12/22/21 | 12/22/21 | 0.2043 | 0.0000 | 0.2175 | 0.0000 | 0.4892 | 0.9110 |
09/29/21 | 09/30/21 | 09/30/21 | 0.0547 | 0.0000 | - | 0.0000 | 0.0000 | 0.0547 |
03/30/21 | 03/31/21 | 03/31/21 | 0.0162 | 0.0000 | 0.1065 | 0.0000 | 0.1313 | 0.2540 |
12/29/20 | 12/30/20 | 12/30/20 | 0.4936 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.4936 |
06/29/20 | 06/30/20 | 06/30/20 | 0.0376 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0376 |
03/30/20 | 03/31/20 | 03/31/20 | 0.0360 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0360 |
12/30/19 | 12/31/19 | 12/31/19 | 0.1074 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.1074 |
See all rows... |
* With respect to BNY Mellon Global Fixed Income Fund, if the fund's cumulative distributions during or with respect to a taxable year exceed its current and accumulated earnings and profits (generally, its net investment income and capital gains) realized during that year, all or a portion of each distribution made in that taxable year will be treated as a return of capital to a shareholder to the extent of the shareholder’s tax basis in their shares, and thereafter as capital gain. A return of capital reduces a shareholder's adjusted cost basis in the fund's shares. This, in turn, affects the amount of any capital gain or loss realized by the shareholder upon selling the fund's shares and is not subject to tax currently unless the shareholder's adjusted cost basis has been reduced to zero. Once a shareholder's adjusted cost basis has been reduced to zero, return of capital will be treated as capital gains. A return of capital does not reflect positive investment performance. Statements describing the source or sources of any quarterly distribution, to the extent from any source other than the fund's net income, will be delivered in writing or electronically to shareholders at the time of the distribution. The tax status of your distributions will be detailed in your annual tax statement from the fund. Because everyone's tax situation is unique, please consult your tax adviser before investing.
Literature
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