BNY Mellon International Bond Fund

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.

Min. class investment
$1,000
Class Inception Date
12/30/05
Class Status
Not available for purchase by individual investors.
Fund Assets
$633,672,716  As of  10/21/19
Class Assets
$482,869,257  As of  10/21/19
Portfolio Turnover Rate
95.31%  As of fiscal year end  10/31/18
Morningstar Category
World Bond
Benchmark
Bloomberg Barclays Global Aggregate ex USD Index (Unhedged)
Morningstar Overall Rating
Fund Holdings
228  As of  09/30/19
Average Effective Maturity
10.42  yr(s).  As of  09/30/19
Average Effective Duration
8.45  yr(s).  As of  09/30/19

Morningstar Rating™ as of September 30, 2019 for the Class I class shares; other classes may have different performance characteristics. Overall rating for the World Bond category. Fund ratings are out of 5 Stars: Overall 3 Stars (185 funds rated); 3 Yrs. 2 Stars (185 funds rated); 5 Yrs. 3 Stars (175 funds rated); 10 Yrs. 3 Stars (104 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. ©2018 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

  • Leduc, David C.

    David C. Leduc

    Portfolio Manager, Mellon Investments Corporation

    9 yr(s). on fund

  • Murphy, Brendan

    Brendan Murphy

    Portfolio Manager, Mellon Investments Corporation

    8 yr(s). on fund

  • Zaleski, Scott

    Scott Zaleski

    Portfolio Manager, Mellon Investments Corporation

    1 yr(s). on fund


As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon International Bond Fund
DIBRX
2.65 0.46 0.89 2.70 5.14 12/30/05
Bloomberg Barclays Global Aggregate ex USD Index (Unhedged)
5.34 0.43 0.87 1.27 - -
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon International Bond Fund
DIBRX
2.65 0.46 0.89 2.70 5.14 12/30/05
Bloomberg Barclays Global Aggregate ex USD Index (Unhedged)
5.34 0.43 0.87 1.27 - -
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon International Bond Fund
DIBRX
2.65 1.38 4.55 30.57 99.32 12/30/05
Bloomberg Barclays Global Aggregate ex USD Index (Unhedged)
5.34 1.30 4.44 13.51 - -
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon International Bond Fund
DIBRX
2.65 1.38 4.55 30.57 99.32 12/30/05
Bloomberg Barclays Global Aggregate ex USD Index (Unhedged)
5.34 1.30 4.44 13.51 - -
The Bloomberg Barclays 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.

Growth of $10,000 Investment

Historical Performance

    Not available for purchase by individual investors.

    Yearly Total Return

    Fund 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
    DIBRX
    -5.79% 12.57% 1.91% -6.39% 3.96% -3.60% 9.59% 3.43% 7.72% 17.78%

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


    Prospectus Fee Table Expense Ratios

    As of  03/01/19 Fee Description Expense Ratio (%)
    Management Fee 0.50%
    Other Expenses 0.13%
    Total Expenses 0.63%

    Portfolio Manager/Sub-Investment Advisor

    The fund's investment adviser is BNY Mellon Investment Adviser, Inc. David Leduc, CFA, Brendan Murphy, CFA, and Scott Zaleski, CFA, are the fund's primary portfolio managers, positions they have held since February 2010, May 2011 and February 2018, respectively. Mr. Leduc is Active Fixed Income Chief Investment Officer at Mellon Investments Corporation (Mellon), an affiliate of BNY Mellon Investment Adviser, Inc. Mr. Murphy is Head of Global and Multi-Sector Fixed Income at Mellon. Mr. Zaleski is a senior portfolio manager at Mellon. Mellon investment professionals manage the fund in their capacity as employees of BNY Mellon Investment Adviser, Inc.

    Top Holdings

    As of  09/30/19   Holdings % Portfolio  Weight
    Japan Government Cpi Linked 10.98
    Belgium Kingdom 6.23
    China Government Bond 3.81
    Thailand Government Bond 3.21
    Japan (30 Year Issue) 3.04
    UK TSY, 3.5%, 2045 3.04
    Japan (20 Year Issue) 2.96
    Belgium Kingdom 2.64
    Buoni Poliennali Del Tes 2.47
    Bonos Y Oblig Del Estado 2.40

    Asset Allocation


        Daily Statistics

        As of  10/21/19 Name 30-Day Sec Yield 
        (Unsubsidized)
        30-Day Sec Yield 
        (Subsidized)
        NAV Change 08/28/19  12 Month 
        High Nav
        12/27/18  12 Month 
        Low Nav
        YTD Return
        DIBRX
        1.02% 1.02% $15.17
        -$0.04
        -0.26%
        $15.37 $14.42 4.40%

        Performance Metrics

        Overall Morningstar Rating


        MORNINGSTAR CATEGORY World Bond


        Morningstar Rating™ as of 09/30/19 for the Class I shares; other classes may have different performance characteristics. Overall rating for the World Bond. Fund ratings are out of 5 Stars: Overall 3 Stars (464 funds rated); 3 Yrs. 2 Stars (185 funds rated); 5 Yrs. 3 Stars (175 funds rated); 10 Yrs. 3 Stars (104 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
          84 out of 112
        • 3 Year
          59 out of 91
        • 5 Year
          34 out of 82
        • 10 Year
          24 out of 49

        LIPPER CLASSIFICATION International Income Funds


        Lipper Category returns and rankings are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns. Rankings do not reflect sales loads

        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.

        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  09/30/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DIBRX
        6.93 -2.25 1.00 22.35 -0.13

        Dividend Schedule

        Declared
        Qtry (May, Aug, Nov, Dec)
        Distributed
        Qtry (May, Aug, Nov, Dec)
        Paid
        Qtry (May, Aug, Nov, Dec)
        Fiscal Year End
        Oct 31
        Month/Year Dividend ($)
        12/2018 0.3265
        10/2018 0.0760
        07/2018 0.0600
        04/2018 0.0660
        All figures as of month-end. Dividend history does not reflect any capital gains that may have been paid.

        Distributions History

        (Values Listed In $) 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
        DIBRX
        0.3265 0.0000 0.0000 0.0000 0.0000 0.3265 14.42
        Record Date Ex-Dividend Date Payable Date
        DIBRX
        12/26/18 12/27/18 12/27/18
        (Values Listed In $) Distribution Status 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
        DIBRX
        Final 0.3265 0.0000 0.0000 0.0000 0.0000 0.3265 14.42
        Record Date Ex-Dividend Date Payable Date
        DIBRX
        12/26/18 12/27/18 12/27/18