BNY Mellon Core Plus Fund

Why invest in this Fund?

The fund seeks high total return consistent with preservation of capital. To pursue its goal, the fund normally invests in a diversified portfolio of fixed-income securities of U.S. and foreign issuers. Typically, the fund's portfolio can be expected to have an average effective duration ranging between three and eight years.
Min. class investment
$1,000
Class Inception Date
02/02/18
Fund Assets
$666,123,573  As of  08/23/19
Class Assets
$7,092,000  As of  08/23/19
Portfolio Turnover Rate
185.04%  As of fiscal year end  04/30/19
Morningstar Category
Intermediate Core-Plus Bond
Benchmark
Bloomberg Barclays U.S. Aggregate Bond Index
Fund Holdings
395  As of  07/31/19
Average Effective Maturity
9.33  yr(s).  As of  07/31/19
Average Effective Duration
5.72  yr(s).  As of  07/31/19

Gautam Khanna featured in Barron’s

View Feature


Click here to see SALES CHARGE  Max Sales Charge:  1.00% CDSC Load
As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Core Plus Fund
DCPCX
7.03 3.00 3.43 - 3.93 02/02/18
Bloomberg Barclays U.S. Aggregate Bond Index
8.08 2.17 3.05 3.75 - -
As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Core Plus Fund
DCPCX
6.93 3.28 3.31 - 3.92 02/02/18
Bloomberg Barclays U.S. Aggregate Bond Index
7.87 2.31 2.95 3.90 - -
Click here to see SALES CHARGE  Max Sales Charge:  1.00% CDSC Load
As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Core Plus Fund
DCPCX
7.03 9.27 18.39 - 39.63 02/02/18
Bloomberg Barclays U.S. Aggregate Bond Index
8.08 6.66 16.19 44.56 - -
As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Core Plus Fund
DCPCX
6.93 10.17 17.66 - 39.09 02/02/18
Bloomberg Barclays U.S. Aggregate Bond Index
7.87 7.10 15.64 46.57 - -

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.

To view this fund's performance attribution, click here.

The Bloomberg Barclays U.S. Aggregate Bond Index is a broad-based flagship benchmark that measures the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related andcorporate securities, MBS (agency fixed-rate and hybrid ARM pass-throughs), ABS and CMBS (agency and nonagency).

For periods prior to February 5, 2018, the information for the fund’s Class C shares represents the performance of a predecessor fund's Institutional shares, adjusted to reflect any applicable sales charges. Such performance figures have not been adjusted to reflect applicable class fees and expenses; if such fees and expenses had been reflected, the performance shown for Class C shares for such periods may have been lower.

Growth of $10,000 Investment

Historical Performance

    These figures do not reflect the maximum sales charge which, if included, would reduce return.

    For periods prior to February 5, 2018, the information for the fund’s Class C shares represents the performance of a predecessor fund's Institutional shares, adjusted to reflect any applicable sales charges. Such performance figures have not been adjusted to reflect applicable class fees and expenses; if such fees and expenses had been reflected, the performance shown for Class C shares for such periods may have been lower.

    Fund 07/19 06/19 05/19 04/19 03/19 02/19 01/19 12/18 11/18 10/18 09/18 08/18
    DCPCX
    2.18% 2.17% 2.24% 2.33% 2.31% 2.54% 2.53% 2.55% 2.52% 2.46% 2.29% 2.24%

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

    Monthly yield history is the annualized distribution rate that 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.

    Fund 2018 2017 2016 2015 2014 2013 2012 2011
    DCPCX
    -1.68% 5.13% 4.83% -0.42% 7.28% -1.32% 8.49% 5.69%

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


    Monthly Expense Ratios (Annualized)

    As of  07/31/19 Fee Description Expense Ratio (%)
    Management Fee 0.35%
    12B-1 Fee 0.75%
    Service Fee 0.25%
    Other Expenses 0.17%
    Total Expenses 1.52%
    Expenses Reimbursed 0.07%
    Net Expenses 1.45%

    Redemption Charge

    As of  08/25/19  Redemption Year CDSC
    Year 1 1.00
    Class C shares are subject to a contingent deferred sales charge (CDSC) imposed on Class C shares redeemed within one year of purchase.

    Prospectus Fee Table Expense Ratios

    As of  08/31/18 Fee Description Expense Ratio (%)
    Management Fee 0.35%
    12B-1 Fee 0.75%
    Service Fee 0.25%
    Other Expenses 1.81%
    Total Expenses 3.16%
    Expenses Reimbursed 1.71%
    Net Expenses 1.45%
    The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until August 31, 2019, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of the classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed .45% of the fund's average daily net assets. On or after August 31, 2019, BNY Mellon Investment Adviser, Inc. may terminate may terminate this expense limitation at any time.

    Portfolio Manager/Sub-Investment Advisor

    The fund's investment adviser is BNY Mellon Investment Adviser, Inc., and the fund's sub-adviser is Insight North America LLC, an affiliate of BNY Mellon Investment Adviser, Inc. Gautam Khanna, Jason Celente and E. Gerard Berrigan are the fund's primary portfolio managers, positions they have held since the fund commenced operations on February 2, 2018. They also were the predecessor fund's primary portfolio managers since its inception in December 2010. Messrs. Khanna and Celente are senior portfolio managers, and Mr. Berrigan is head of U.S. fixed income, at the sub-adviser.

    Top Holdings

    As of  07/31/19   Holdings % Portfolio  Weight
    U.S. Treasury, 2.1%, 07/31/2020 6.23
    U.S. Treasury, 2.5%, 02/28/2026 4.25
    FNMA, 3.5%, 11/01/2044 1.83
    U.S. Treasury, 2.4%, 02/29/2024 1.62
    BHP Billiton, 6.8%, 10/19/2075 1.58
    U.S. Treasury, 3.5%, 02/15/2039 1.54
    FHLMC, 3.5%, 07/01/2045 1.52
    U.S. Treasury, 3%, 02/15/2049 1.51
    FNMA, 4.5%, 07/01/2048 1.51
    GNMA, 3%, 06/01/2047 1.24

    Asset Allocation


        Daily Statistics

        As of  08/23/19 Name 30-Day Sec Yield 
        (Unsubsidized)
        30-Day Sec Yield 
        (Subsidized)
        NAV Change 08/23/19  12 Month 
        High Nav
        11/02/18  12 Month 
        Low Nav
        YTD Return
        DCPCX
        1.55% 1.55% $10.54
        $0.04
        0.38%
        $10.54 $9.63 9.94%

        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.

        Mortgage-backed 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 securities are 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.

        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.

        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.

        The fund may, but is not required to, use derivatives which 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  07/31/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DCPCX
        2.77 0.53 0.85 86.04 0.41

        Dividend Schedule

        Declared
        Daily
        Distributed
        Monthly
        Paid
        Monthly
        Fiscal Year End
        Apr 30
        Annualized Distribution Rate
        2.18%
        As of  07/2019
        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 ($)
        07/2019 0.020385069
        06/2019 0.017228667
        05/2019 0.019347482
        04/2019 0.020532511
        03/2019 0.018454863
        02/2019 0.019299758
        01/2019 0.021256836
        12/2018 0.021097103
        11/2018 0.020024169
        10/2018 0.021469794
        09/2018 0.017170000
        08/2018 0.018760000
        All figures as of month-end. Dividend history does not reflect any capital gains that may have been paid.