BNY Mellon High Yield Fund
- TICKER DPLTX
- Fund Code 0029
- CUSIP 05588E835
- SHARE CLASS
-
Literature Download
Why invest in this Fund?
Morningstar Rating™ as of February 28, 2023 for the Class A class shares; other classes may have different performance characteristics. Overall rating for the High Yield Bond category. Fund ratings are out of 5 Stars: Overall 3 Stars (623 funds rated); 3 Yrs. 2 Stars (623 funds rated); 5 Yrs. 2 Stars (579 funds rated); 10 Yrs. 3 Stars (414 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
-
Chris Barris
Global Head of High Yield, Deputy CIO, Alcentra NY, LLC
12 yr(s). on fund
-
Kevin Cronk, CFA
Head of U.S. Credit Research, Alcentra NY, LLC
10 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 High Yield Fund
DPLTX |
1.73 | 2.52 | -6.09 | 0.34 | 1.77 | 3.03 | 4.22 |
ICE BofA Merrill Lynch U.S. High Yield Master II Constrained Index
|
1.81 | 2.58 | -5.51 | 1.11 | 2.68 | 4.01 | - |
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 High Yield Fund
DPLTX |
4.04 | -11.76 | -11.76 | -1.20 | 1.15 | 2.95 | 4.15 |
ICE BofA Merrill Lynch U.S. High Yield Master II Constrained Index
|
3.98 | -11.21 | -11.21 | -0.26 | 2.10 | 3.94 | - |
The ICE BofA Merrill Lynch U.S. High Yield Master II Constrained Index contains all securities in the ICE BofA Merrill Lynch U.S. High Yield Index but caps issuer exposure at 2%. Index constituents are capitalization-weighted, based on their current amount outstanding, provided the total allocation to an individual issuer does not exceed 2%. Issuers that exceed the limit are reduced to 2% and the face value of each of their bonds is adjusted on a pro-rata basis. Similarly, the face values of bonds of all other issuers that fall below the 2% cap are increased on a pro-rata basis. In the event there are fewer than 50 issuers in the index, each is equally weighted and the face values of their respective bonds are increased or decreased on a pro-rata basis. Investors cannot invest directly in any index.
Growth of $10,000 Investment
Historical Performance
Monthly
Yearly
Prospectus Fee Table Expense Ratios
As of 04/29/22 Fee Description | Expense Ratio (%) |
---|---|
Management Fee | 0.70% |
12B-1 Fee | 0.25% |
Other Expenses | 0.01% |
Total Expenses | 0.96% |
Expenses Reimbursed | 0.01% |
Net Expenses | 0.95% |
The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has agreed in its investment management agreement with the fund to: (1) pay all of the fund's expenses, except management fees, Rule 12b-1 fees and certain other expenses, including the fees and expenses of the non-interested board members and their counsel, and (2) reduce its fees pursuant to the investment management agreement in an amount equal to the fund's allocable portion of the fees and expenses of the non-interested board members and their counsel (in the amount of .01% for the past fiscal year). These provisions in the investment management agreement may not be amended without the approval of the fund's shareholders.
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 |
09/29/22 12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|---|---|
DPLTX
|
7.28% | 7.28% | $5.17 |
$0.03
0.58%
|
$5.77 | $4.97 | 2.50% |
Performance Metrics
Overall Morningstar Rating
MORNINGSTAR CATEGORY High Yield Bond
Morningstar Rating™ as of 02/28/23 for the Class A shares; other classes may have different performance
characteristics. Overall rating for the High Yield Bond. Fund ratings are out of 5 Stars: Overall
3 Stars (623 funds rated); 3 Yrs.
2 Stars (623 funds rated); 5 Yrs.
2 Stars (579 funds rated); 10 Yrs.
3 Stars (414 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
331 out of 528 -
3 Year
334 out of 481 -
5 Year
334 out of 437 -
10 Year
201 out of 307
LIPPER CLASSIFICATION
Main Risks
High yield bonds are subject to increased credit risk and are considered speculative in terms of the issuer's perceived ability to continue making interest payments on a timely basis and to repay principal upon maturity.
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 lessmarket liquidity. These risks generally are greater with emerging market countries.
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 |
---|---|---|---|---|---|
DPLTX
|
11.10 | 5.08 | 1.10 | 36.38 | -0.01 |
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
As of 02/2023
Month/Year | Dividend ($) |
---|---|
02/2023 | 0.026543082 |
01/2023 | 0.022526328 |
12/2022 | 0.010433460 |
11/2022 | 0.024677811 |
10/2022 | 0.025839152 |
09/2022 | 0.024734295 |
08/2022 | 0.026942435 |
07/2022 | 0.023662219 |
06/2022 | 0.023826838 |
05/2022 | 0.025602439 |
04/2022 | 0.022382384 |
03/2022 | 0.024550989 |
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 |
---|---|---|---|---|---|---|---|---|---|
12/01/21 | 12/02/21 | 12/02/21 | 0.0000 | 0.0000 | 0.0140 | 0.0000 | 0.0000 | 0.0140 | 6.03 |
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 |
---|---|---|---|---|---|---|---|---|---|
12/03/18 | 12/04/18 | 12/04/18 | 0.0000 | 0.0000 | 0.0094 | 0.0000 | 0.0000 | 0.0094 | - |
12/04/17 | 12/05/17 | 12/05/17 | 0.0000 | 0.0000 | 0.0026 | 0.0000 | 0.0000 | 0.0026 | - |
12/05/14 | 12/08/14 | 12/08/14 | 0.0000 | 0.0000 | 0.0075 | 0.0000 | 0.0000 | 0.0075 | - |
Literature
PRODUCT MATERIALS
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BNY Mellon High Yield Fund - Quarterly Commentary | Download | Share |
Factsheet, Prospectus and Reports
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