BNY Mellon U.S. Mortgage Fund, Inc.
- TICKER DRGMX
- Fund Code 0265
- CUSIP 05588P103
- SHARE CLASS
-
Literature Download
Why invest in this Fund?
The fund seeks to maximize total return, consisting of capital appreciation and current income. To pursue its goal, the fund normally invests at least 80% of its net assets in mortgage-related securities. These mortgage-related securities may include certificates issued, and guaranteed as to timely payment of principal and interest, by the Government National Mortgage Association (GNMA); securities issued by government-related organizations such as Fannie Mae and Freddie Mac; residential and commercial mortgage-backed securities issued by governmental agencies or private entities; and collateralized mortgage obligations (CMOs). The fund will invest at least 65% of its net assets in Ginnie Maes. The fund can invest in privately issued mortgage-backed securities with a "BBB" or higher credit quality, but currently intends to invest in only those securities with an "A" or higher credit quality.
Morningstar Rating™ as of February 28, 2023 for the Class Z class shares; other classes may have different performance characteristics. Overall rating for the Intermediate Government category. Fund ratings are out of 5 Stars: Overall 2 Stars (221 funds rated); 3 Yrs. 3 Stars (221 funds rated); 5 Yrs. 2 Stars (213 funds rated); 10 Yrs. 2 Stars (175 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
-
Eric Seasholtz
Portfolio Manager, Amherst Capital
6 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 U.S. Mortgage Fund, Inc.
DRGMX |
-0.39 | 0.63 | -9.62 | -3.62 | -0.48 | 0.11 | 4.84 |
Bloomberg GNMA Index
|
-0.07 | 0.70 | -8.50 | -3.25 | 0.02 | 0.69 | - |
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 U.S. Mortgage Fund, Inc.
DRGMX |
0.82 | -11.56 | -11.56 | -3.31 | -0.92 | 0.02 | 4.84 |
Bloomberg GNMA Index
|
2.10 | -10.76 | -10.76 | -3.03 | -0.50 | 0.59 | - |
The Bloomberg GNMA Index tracks agency mortgage-backed pass-through securities guaranteed by Ginnie Mae (GNMA). The index is constructed by grouping individual TBA-deliverable MBS pools into aggregates or generics based on program, coupon and vintage. 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.
Growth of $10,000 Investment
Historical Performance
Class Z shares are closed to new accounts.
Monthly
Yearly
Prospectus Fee Table Expense Ratios
As of 09/01/22 Fee Description | Expense Ratio (%) |
---|---|
Management Fee | 0.50% |
12B-1 Fee | 0.16% |
Other Expenses | 0.20% |
Total Expenses | 0.86% |
Expenses Reimbursed | 0.16% |
Net Expenses | 0.70% |
The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until September 1, 2023, to waive receipt of its fees and/or assume the direct expenses of the fund, so that the direct expenses of the fund's Class A, Class C, Class I, Class Y and Class Z shares (excluding taxes, interest, brokerage commissions, commitment fees on borrowings and extraordinary expenses) do not exceed an annual rate of .80%, 1.55%, .55%, .55% and .70%, respectively. On or after September 1, 2023, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.
Portfolio Manager/Sub-Investment Adviser
Asset Allocation
Daily Statistics
As of 03/24/23 Name |
30-Day Sec Yield (WITHOUT WAIVER) |
30-Day Sec Yield (WITH WAIVER) |
NAV | Change |
04/04/22 12 Month High Nav |
10/20/22 12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|---|---|
DRGMX
|
3.01% | 3.24% | $12.88 |
$0.01
0.08%
|
$13.74 | $12.12 | 3.60% |
Main Risks
Mortgage securities: Ginnie Maes and other securities backed by the full faith and credit of the United States are guaranteed only as to the timely payment of interest and principal when held to maturity. The market prices for such securitiesare not guaranteed and will fluctuate. Privately issued mortgage related securities also are subject to credit risks associated with the underlying mortgage properties. These securities may be more volatile and less liquid than more traditional, government backed debt securities.
Recent market risks include pandemic risks related to COVID-19. The effects of COVID-19 have contributed to increased volatility in global markets and will likely affect certain countries, companies, industries and market sectors more dramatically than others. To the extent the fund may overweight its investments in certain countries, companies, industries or market sectors, such positions will increase the fund's exposure to risk of loss from adverse developments affecting those countries, companies, industries or sectors.
Risk Metrics
As of 02/28/23 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
---|---|---|---|---|---|
DRGMX
|
5.46 | -0.69 | 0.83 | 83.76 | -0.83 |
All risk metrics are provided by Morningstar. The index used in the calculations are determined by Morningstar which may not be the funds primary benchmark. The index Morningstar used for this analysis is Bloomberg U.S. Aggregate Bond Index.
Dividend Schedule
As of 02/2023
Annualized distribution rate is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.
Month/Year | Dividend ($) |
---|---|
02/2023 | 0.029000000 |
01/2023 | 0.030000000 |
12/2022 | 0.034000000 |
11/2022 | 0.028000000 |
10/2022 | 0.026000000 |
09/2022 | 0.025000000 |
08/2022 | 0.024000000 |
07/2022 | 0.022000000 |
06/2022 | 0.021000000 |
05/2022 | 0.021000000 |
04/2022 | 0.020000000 |
03/2022 | 0.018000000 |
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 |
---|---|---|---|---|---|---|---|---|---|
02/28/23 | 03/01/23 | 03/01/23 | 0.0290 | 0.0000 | - | 0.0000 | 0.0000 | 0.0290 | 12.42 |
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 |
---|---|---|---|---|---|---|---|---|---|
01/31/23 | 02/01/23 | 02/01/23 | 0.0300 | 0.0000 | - | 0.0000 | 0.0000 | 0.0300 | - |
12/07/22 | 12/08/22 | 12/08/22 | 0.0340 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0340 | - |
11/30/22 | 12/01/22 | 12/01/22 | 0.0280 | 0.0000 | - | 0.0000 | 0.0000 | 0.0280 | - |
10/31/22 | 11/01/22 | 11/01/22 | 0.0260 | 0.0000 | - | 0.0000 | 0.0000 | 0.0260 | - |
09/30/22 | 10/03/22 | 10/03/22 | 0.0250 | 0.0000 | - | 0.0000 | 0.0000 | 0.0250 | - |
08/31/22 | 09/01/22 | 09/01/22 | 0.0240 | 0.0000 | - | 0.0000 | 0.0000 | 0.0240 | - |
07/29/22 | 08/01/22 | 08/01/22 | 0.0220 | 0.0000 | - | 0.0000 | 0.0000 | 0.0220 | - |
06/30/22 | 07/01/22 | 07/01/22 | 0.0210 | 0.0000 | - | 0.0000 | 0.0000 | 0.0210 | - |
05/31/22 | 06/01/22 | 06/01/22 | 0.0210 | 0.0000 | - | 0.0000 | 0.0000 | 0.0210 | - |
04/29/22 | 05/02/22 | 05/02/22 | 0.0200 | 0.0000 | - | 0.0000 | 0.0000 | 0.0200 | - |
03/31/22 | 04/01/22 | 04/01/22 | 0.0180 | 0.0000 | - | 0.0000 | 0.0000 | 0.0180 | - |
02/28/22 | 03/01/22 | 03/01/22 | 0.0240 | 0.0000 | - | 0.0000 | 0.0000 | 0.0240 | - |