BNY Mellon International Bond Fund
- TICKER DIBAX
- Fund Code 6091
- CUSIP 05588E868
- SHARE CLASS
-
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Why invest in this Fund?
The fund seeks to maximize total return through capital appreciation and income.
To pursue this goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in fixed-income securities.
Yields and Expense Ratio
30-DAY SEC YIELD as of 08/30/24 |
ANNUALIZED DISTRIBUTION RATE as of 12/31/08 |
PROSPECTUS FEE TABLE EXPENSE RATIO (%) as of 03/01/24 |
|||
---|---|---|---|---|---|
Subsidized | Unsubsidized | Net | Gross | Contractual Fee Waiver End Date |
|
2.68 | 2.50 | 0.00 | 1.02 | 1.10 | 03/01/25 |
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 International Bond Fund
DIBAX |
4.66 | -1.02 | 3.28 | -5.97 | -2.48 | -1.11 | 2.82 |
Bloomberg Global Aggregate ex USD Index (Unhedged)
|
3.66 | -2.27 | 1.17 | -6.98 | -2.82 | -1.42 | - |
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 International Bond Fund
DIBAX |
-2.10 | -4.64 | 0.58 | -6.70 | -3.50 | -1.52 | 2.62 |
Bloomberg Global Aggregate ex USD Index (Unhedged)
|
-2.11 | -5.26 | -0.66 | -7.48 | -3.56 | -1.86 | - |
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 ex USD Index (Unhedged) is a flagship measure of global investment-grade debt from 24 local currency markets, excluding U.S. dollar-denominated bonds. This multi-currency benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging market issuers. 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
Yearly Total Return
Yearly
Prospectus Fee Table Expense Ratios
As of 03/01/24 Fee Description | Expense Ratio (%) |
---|---|
Management Fee | 0.50% |
Service Fee | 0.25% |
Other Expenses | 0.35% |
Total Expenses | 1.10% |
Expenses Reimbursed | 0.08% |
Net Expenses | 1.02% |
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 Class A shares of the fund so that the direct expenses of Class A shares (excluding shareholder services fees, taxes, interest expense, brokerage commissions, commitment fees on borrowings and extraordinary expenses) do not exceed .77%. On or after March 1, 2025, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.
Sales Charge
Portfolio Manager/Sub-Investment Adviser
Asset Allocation
Daily Statistics
As of 08/30/24 Name | NAV | Change |
08/23/24 12 Month High Nav |
10/04/23 12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|
DIBAX
|
$12.90 |
-$0.04
-0.31%
|
$13.04 | $11.38 | 1.50% |
Past performance is no guarantee of future results.
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. Currencies are subject to the risk that those currencies will decline in value relative to a local currency, or, in the case of hedged positions, that the local currency will decline relative to the currency being hedged. Each of these risks could increase the fund's volatility.
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 |
---|---|---|---|---|---|
DIBAX
|
10.68 | -1.34 | 1.31 | 85.15 | -0.87 |
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 ($) |
---|---|
04/2022 | 0.0600 |
12/2021 | 0.1592 |
10/2021 | 0.0360 |
07/2021 | 0.0150 |
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 |
---|---|---|---|---|---|---|---|---|
04/29/22 | 05/02/22 | 05/02/22 | 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 |
---|---|---|---|---|---|---|---|---|
12/20/21 | 12/21/21 | 12/21/21 | 0.1592 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.1592 |
10/29/21 | 11/01/21 | 11/01/21 | 0.0360 | 0.0000 | - | 0.0000 | 0.0000 | 0.0360 |
07/30/21 | 08/02/21 | 08/02/21 | 0.0150 | 0.0000 | - | 0.0000 | 0.0000 | 0.0150 |
04/30/21 | 05/03/21 | 05/03/21 | 0.0245 | 0.0000 | - | 0.0000 | 0.0000 | 0.0245 |
12/18/20 | 12/21/20 | 12/21/20 | 0.3460 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.3460 |
12/26/18 | 12/27/18 | 12/27/18 | 0.3206 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.3206 |
10/31/18 | 11/01/18 | 11/01/18 | 0.0590 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0590 |
07/31/18 | 08/01/18 | 08/01/18 | 0.0420 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0420 |
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 | 0.4840 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.4840 |
10/31/17 | 11/01/17 | 11/01/17 | 0.0760 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0760 |
12/28/16 | 12/29/16 | 12/29/16 | 0.0214 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0214 |
See all rows... |
Literature
PRODUCT MATERIALS
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BNY Mellon International Bond Fund - Investment Report | Download | Share | ||
BNY Mellon International Bond Fund - Presentation | Download | Share | ||
BNY Mellon International Bond Fund - Commentary | Download | Share |
Factsheet, Prospectus and Reports
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