Historical Prices

Start Date End Date

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (DCF)

  • CUSIP 05588N108
  • NAV  $7.51 As of  09/27/22
  • CHG  $-0.07 (-0.92%)
  • MKT PRICE  $6.96 As of  09/28/22
  • CHG  $0.09 (1.31%)
  • Ann. Dist. Rate 8.02% As of 08/31/22
  • Premium/Discount -6.83% As of  09/28/22

Why invest in this Fund?

  • Seeks to provide high current income for today's yield-challenged market
  • Dynamic, multi-asset portfolio designed to access multiple sub-investment grade credit opportunities for enhanced yield potential with active risk management.
  • Global strategy for expanded opportunities in the U.S. and Western European credit markets.
  • Target term structure that seeks to return at least $9.835 per Common Share (the original NAV) to holders of record at the end of the Fund's term. (Please review the disclosure below)
  • Time-tested and experienced management by Alcentra NY, LLC, a recognized leader in global credit investing.

– On or about December 1, 2024 the Fund will terminate. The termination date is subject to changes and/or extensions.

The objective to return at least the Fund's original NAV is not an express or implied guarantee obligation of the Fund, or any other entity, and an investor may receive less than the original NAV upon termination of the Fund. There is no assurance the Fund will achieve its investment objective

ANNUALIZED DISTRIBUTION RATE
8.02%As of  08/31/22
INCEPTION DATE
10/27/17
NET ASSETS
$118,155,130  As of  08/31/22
MANAGED ASSETS
$172,155,130  As of  08/31/22
TOTAL LEVERAGE
32.55%  As of  08/31/22
AVERAGE EFFECTIVE MATURITY
5.66 yr(s).As of  08/31/22
AVERAGE EFFECTIVE DURATION
1.71 yr(s).As of  08/31/22
PORTFOLIO TURNOVER RATE
85.31%As of  08/31/21
Number of Holdings
401As of  08/31/22
BENCHMARK
ICE BofA Global High Yield Index
MORNINGSTAR CATEGORY
High Yield Bond
DISTRIBUTION FREQUENCY
Monthly

Portfolio Managers

  • Barris, Chris

    Chris Barris

    Global Head of High Yield, Deputy CIO,
    Alcentra NY, LLC

    4 yr(s). on fund

  • Cronk, Kevin

    Kevin Cronk, CFA

    Head of U.S. Credit Research, Alcentra NY, LLC

    4 yr(s). on fund

  • Hamilton, Hiram

    Hiram Hamilton

    Managing Director, Global Head of Structured Credit,
    Alcentra NY, LLC

    4 yr(s). on fund


NAV - A fund's NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding.

Market Price - The market price is the most recent price at which the fund was traded.

Annualized Distribution Rate - It represents the latest declared regular distribution, annualized, relative to the market price as of quarter end. Special distributions, including special capital gains distributions, are not included in the calculation. Distributions are sourced entirely from net investment income, unless otherwise noted.

Average Effective Maturity - It is the weighted average of the effective maturity dates of the fixed-income securities in the fund's holdings.The average effective maturity does not take into account the fund’s use of leverage.

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.

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.



Daily Statistics

As of 09/28/22
NAME 30-DAY
SEC YIELD
(WITHOUT WAIVER)
30-DAY
SEC YIELD
(WITH WAIVER)
NAV NAV 
CHANGE
MARKET 
PRICE
MARKET 
PRICE 
CHANGE
PREMIUM/ 
DISCOUNT
BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.
8.21% 8.21% $7.47
-$0.04
-0.53%
$6.96
$0.09
1.31%
-6.83%

30-Day SEC Yield - 30-Day SEC Yield is based upon dividends per share from net investment income during the past 30 days, divided by the period ended maximum offering price per share and annualized. 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.

Premium / Discount - The amount the Fund is trading above or below the reported NAV expressed as a percentage of the NAV. When the fund's market price is greater than the fund's NAV, it is said to be trading at a "Premium" and the percentage is expressed as a positive number. When the fund's market price is less than the fund's NAV, it is said to be trading at a "Discount" and the percentage is expressed as a negative number.

Market Price performance is determined using the bid/ask midpoint at 4:00 p.m. Eastern time, when the NAV is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times.


Monthly Statistics

As of 08/31/22 NAME 52 WEEK 
AVERAGE 
PREMIUM/DISCOUNT
52 WEEK 
LOW/HIGH 
MARKET PRICE
BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.
-5.08% $7.29-$9.62

Total Returns

MARKET PRICE
Click here for NAV Returns 
Average Annual
As of 08/31/22
Name 3 MO
08/31/22
YTD
08/31/22
1 YR 3 YRS 5 YRS 10 YRS Since Inception
BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.
(DCF)
-2.90 -15.84 -16.17 -0.04 - - 1.06
ICE BofA Global High Yield Index
-5.05 -14.72 -16.09 -1.09 0.82 3.64 -
Average Annual
As of 06/30/22
Name 3 MO
06/30/22
YTD
06/30/22
1 YR 3 YRS 5 YRS 10 YRS Since Inception
BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.
(DCF)
-11.40 -18.07 -17.70 -0.76 - - 0.52
ICE BofA Global High Yield Index
-11.37 -16.70 -17.62 -1.85 0.75 3.77 -

The performance data quoted represents past performance, which is no guarantee of future results. Share price, yield and investment return fluctuate and an investor's shares may be worth more or less that the original cost.

Total return based on market price represents changes to the fund's closing market price on its primary exchange. Total return based on net asset value (NAV) reflects changes in the fund's NAV during each period.

Returns are shown net of fund expenses and assumes the reinvestment of all distributions. Investors who purchase shares of the fund through an investment adviser or other financial professional may separately pay a fee to that service provider.

The ICE BofA Merrill Lynch Global High Yield Constrained Index contains all securities in the ICE BofAML Global High Yield Index but caps issuer exposure at 2%. The BofAML Global High Yield Index tracks the performance of USD-, CAD-, GBP- and EUR-denominated below-investment-grade corporate debt publicly issued in the major domestic or eurobond markets. Investors cannot invest directly in any index.

Growth of $10,000 Investment at Market Price

Past performance is no guarantee of future results.

Historical NAV and Market Price Trailing Twelve Months

    Historical Premium/Discount Trailing Twelve Months

    Historical Performance

      Past performance is no guarantee of future results.

      Returns are shown net of fund expenses and assumes the reinvestment of all distributions.


      Expense Ratio

      As of 08/31/21
      Fee Description Total Expense Ratio (%)
      Management Fee 1.19%
      Other Expenses 0.47%
      Interest Expense 0.76%
      Total Expenses 2.42%

      Total Expenses is the total annual operating expense ratio for the fund, before any fee waivers or expense reimbursements. Net Expenses is the total annual operating expense ratio for the fund, after any applicable fee waivers or expense reimbursements. The Total Expenses, or Net Expenses (if including fee waivers or expense reimbursements) is the actual fund expense ratio applicable to investors.

      Please see the fund's Annual Report for full information on expenses.


      Portfolio Manager

      BNY Mellon Investment Adviser, Inc. is the fund's investment adviser, and has engaged its affiliate, Alcentra NY, LLC ("Alcentra"), to serve as the fund's sub-investment adviser. Alcentra is a global asset management firm focused on sub-investment grade corporate credit. Chris Barris, Kevin Cronk, CFA and Hiram Hamilton are the fund's primary portfolio managers, positions Mr. Barris and Mr. Cronk have held since October 2017 and Mr. Hamilton have held since February 2018. Alcentra brings together a depth of knowledge in sub-investment grade corporate debt that covers a spectrum of investment possibilities – from Secured Loans and High Yield Bonds to Direct Lending & Mezzanine, Special Situations, Structured Credit and Multi-Strategy. BNY Mellon Investment Management provides a robust corporate foundation, together with worldwide resources and administrative support that allow our investment firms the freedom to concentrate on what they do best – deliver specialist and focused investments to clients.

      Asset Allocation

      Composition Allocation

          Main Risks

          Bonds are subject generally to interest rate, credit, liquidity and market risks, to varying degrees.

          Collateralized Loan Obligations ("CLOs") and other types of Collateralized Debt Obligations ("CDOs") are typically privately offered and sold, and thus are not registered under the securities laws. As a result, investments in CLOs and other types of CDOs may be characterized by the fund as illiquid securities. In addition to the general risks associated with credit instruments, CLOs and other types of CDOs carry additional risks, including, but not limited to: (i) the possibility that distributions from collateral securities will not be adequate to make interest or other payments; (ii) the quality of the collateral may decline in value or default; (iii) the possibility that the CLO or CDO is subordinate to other classes; and (iv) the complex structure of the security may not be fully understood at the time of investment and may produce disputes with the issuer or unexpected investment results.

          The Senior Secured Loans in which the fund invests typically will be below-investment-grade quality. Although, in contrast to other below-investment-grade instruments, Senior Secured Loans hold senior positions in the capital structure of a business entity, are secured with specific collateral and have a claim on the assets and/or stock of the borrower that is senior to that held by unsecured creditors, subordinated debt holders and stockholders of the borrower, the risks associated with Senior Secured Loans are similar to the risks of below-investment-grade instruments. Although the Senior Secured Loans in which the fund will invest will be secured by collateral, there can be no assurance that such collateral can be readily liquidated or that the liquidation of such collateral would satisfy the borrower's obligation in the event of non-payment of scheduled interest or principal. Additionally, if a borrower under a Senior Secured Loan defaults, becomes insolvent or goes into bankruptcy, the fund may recover only a fraction of what is owed on the Senior Secured Loan or nothing at all. In general, the secondary trading market for Senior Secured Loans is not fully developed. Illiquidity and adverse market conditions may mean that the fund may not be able to sell certain Senior Secured Loans quickly or at a fair price.

          Subordinated Loans generally are subject to similar risks as those associated with investments in Senior Secured Loans, except that such loans are subordinated in payment and/or lower in lien priority to first lien holders. Subordinated Loans are subject to the additional risk that the cash flow of the borrower and collateral securing the loan or debt, if any, may be insufficient to meet scheduled payments after giving effect to the senior unsecured or senior secured obligations of the borrower. This risk is generally higher for subordinated, unsecured loans or debt, which are not backed by a security interest in any specific collateral. Subordinated Loans generally have greater price volatility than Senior Secured Loans and may be less liquid.

          The use of leverage magnifies the fund's investment, market and certain other risks. For derivatives with a leverage component, adverse changes in the value or level of the underlying asset, reference rate or index can result in a loss substantially greater than the amount invested in the derivative itself.

          The fund may, but is not required to, use derivative instruments. A small investment in derivatives could have a potentially large impact on the fund's performance. The use of derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in the underlying assets.

          CEFs are exposed to much of the same risk as other exchange traded products, including liquidity risk on the secondary market, credit risk, concentration risk and discount risk. If the CEF includes foreign market investments, it will be exposed to the typical foreign market risks, including currency, political and economic risk.

          The Fund may invest all of its assets in below investment grade instruments. Below investment grade instruments are commonly referred to as "junk" or "high yield" instruments and are regarded as predominantly speculative with respect to the issuers capacity to pay interest and repay principal.

          Credit risk is the risk that one or more credit instruments in the fund's portfolio will decline in price or fail to pay interest or principal when due because the issuer of the instrument experiences a decline in its financial status. The market value of credit instruments may decline for a number of reasons that directly relate to the issuer, such as management performance, financial leverage and reduced demand for the issuer's goods and services.

          The fund's primary portfolio managers will make all determinations regarding allocations and reallocations of the fund's managed assets to the funds different credit strategies. The percentage allocations among credit strategies may, from time to time, be out of balance with the target allocations set by the fund's primary portfolio managers due to various factors, such as varying investment performance among credit strategies, illiquidity of certain portfolio investments or a change in the target allocations. Any rebalancing of the fund's portfolio, whether pursuant to a fixed percentage allocation or otherwise, may have an adverse effect on the performance of the fund and may be subject to certain additional limits and constraints.

          Shares of closed-end funds frequently trade at a market price that is below their net asset value. This is commonly referred to as "trading at a discount." This characteristic of shares of closed-end funds is a risk separate and distinct from the risk that the fund's net asset value may decrease.

          An investment in the fund's common shares may be speculative and it involves a high degree of risk. The fund should not constitute a complete investment program. Due to the uncertainty in all investments, there can be no assurance that the fund will achieve its investment objectives. It is anticipated that the fund will terminate on or about December 1, 2024. As the assets of the fund will be liquidated in connection with its termination, the fund may be required to sell portfolio securities when it otherwise would not, including at times when market conditions are not favorable, which may cause the fund to lose money. The Fund should not be confused with a so-called "target date"or "life cycle" fund whose asset allocation becomes more conservative over time as the funds target date (often associated with retirement) approaches and does not typically terminate upon the target date.

          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 08/31/22, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DCF
          18.09 5.29 1.05 7.80 0.15

          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.

          Standard deviation - It 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.

          Alpha - It is a measure of a security's or portfolio's excess return.

          Beta - It is a measure of a security’s or portfolio’s volatility, or systematic risk.

          R-Squared - It 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 - It is a risk-adjusted measure that measures reward per unit of risk. The higher the Sharpe ratio, the better.



          Dividend Schedule

          Declared
          Monthly
          Distributed
          Monthly
          Paid
          Monthly
          Fiscal Year End
          Aug 31

          Distributions History

          RECORD DATE EX-DIVIDEND DATE PAYABLE DATE DIVIDEND INCOME SHORT-TERM
          CAPITAL GAIN
          LONG-TERM
          CAPITAL GAIN
          TOTAL DISTRIBUTION
          09/09/22 09/08/22 09/23/22 0.0500 0.0000 0.0000 0.0500
          RECORD DATE EX-DIVIDEND DATE PAYABLE DATE DIVIDEND INCOME SHORT-TERM 
          CAPITAL GAIN
          LONG-TERM 
          CAPITAL GAIN
          TOTAL DISTRIBUTION
          08/11/22 08/10/22 09/01/22 0.0500 0.0000 0.0000 0.0500
          07/08/22 07/07/22 07/22/22 0.0500 0.0000 0.0000 0.0500
          06/09/22 06/08/22 06/24/22 0.0500 0.0000 0.0000 0.0500
          05/10/22 05/09/22 05/24/22 0.0500 0.0000 0.0000 0.0500
          04/08/22 04/07/22 04/25/22 0.0500 0.0000 0.0000 0.0500
          03/10/22 03/09/22 03/24/22 0.0500 0.0000 0.0000 0.0500
          02/10/22 02/09/22 02/25/22 0.0500 0.0000 0.0000 0.0500
          12/21/21 12/20/21 01/06/22 0.0500 0.0000 0.0000 0.0500
          12/08/21 12/07/21 12/22/21 0.0500 0.0000 0.0000 0.0500
          11/09/21 11/08/21 11/24/21 0.0500 0.0000 0.0000 0.0500
          10/14/21 10/13/21 10/28/21 0.0500 0.0000 0.0000 0.0500
          09/10/21 09/09/21 09/24/21 0.0500 0.0000 0.0000 0.0500
          08/11/21 08/10/21 09/01/21 0.0500 0.0000 0.0000 0.0500
          07/08/21 07/07/21 07/22/21 0.0500 0.0000 0.0000 0.0500
          06/09/21 06/08/21 06/23/21 0.0500 0.0000 0.0000 0.0500
          05/12/21 05/11/21 05/26/21 0.0500 0.0000 0.0000 0.0500
          04/09/21 04/08/21 04/23/21 0.0500 0.0000 0.0000 0.0500
          03/11/21 03/10/21 03/25/21 0.0500 0.0000 0.0000 0.0500
          02/09/21 02/08/21 02/24/21 0.0500 0.0000 0.0000 0.0500
          12/30/20 12/29/20 01/13/21 0.0500 0.0000 0.0000 0.0500
          12/08/20 12/07/20 12/22/20 0.0500 0.0000 0.0000 0.0500
          11/10/20 11/09/20 11/25/20 0.0500 0.0000 0.0000 0.0500
          10/14/20 10/13/20 10/28/20 0.0500 0.0000 0.0000 0.0500
          09/11/20 09/10/20 09/25/20 0.0500 0.0000 0.0000 0.0500
          08/12/20 08/11/20 09/01/20 0.0500 0.0000 0.0000 0.0500
          07/08/20 07/07/20 07/22/20 0.0500 0.0000 0.0000 0.0500
          06/10/20 06/09/20 06/24/20 0.0500 0.0000 0.0000 0.0500
          05/13/20 05/12/20 05/28/20 0.0500 0.0000 0.0000 0.0500
          04/08/20 04/07/20 04/23/20 0.0540 0.0000 0.0000 0.0540
          03/12/20 03/11/20 03/26/20 0.0540 0.0000 0.0000 0.0540
          02/10/20 02/07/20 02/25/20 0.0540 0.0000 0.0000 0.0540
          12/31/19 12/30/19 01/15/20 0.0540 0.0000 0.0000 0.0540
          12/11/19 12/10/19 12/27/19 0.0540 0.0000 0.0000 0.0540
          11/07/19 11/06/19 11/22/19 0.0540 0.0000 0.0000 0.0540
          10/10/19 10/09/19 10/25/19 0.0540 0.0000 0.0000 0.0540
          09/11/19 09/10/19 09/25/19 0.0540 0.0000 0.0000 0.0540
          08/13/19 08/12/19 09/03/19 0.0540 0.0000 0.0000 0.0540
          07/11/19 07/10/19 07/25/19 0.0540 0.0000 0.0000 0.0540
          06/11/19 06/10/19 06/25/19 0.0540 0.0000 0.0000 0.0540
          05/09/19 05/08/19 05/23/19 0.0540 0.0000 0.0000 0.0540
          04/08/19 04/05/19 04/23/19 0.0540 0.0000 0.0000 0.0540
          03/12/19 03/11/19 03/26/19 0.0540 0.0000 0.0000 0.0540
          02/12/19 02/11/19 02/27/19 0.0540 0.0000 0.0000 0.0540
          12/31/18 12/28/18 01/16/19 0.0410 0.0000 0.0130 0.0540
          12/11/18 12/10/18 12/26/18 0.0000 0.0000 0.0540 0.0540
          11/07/18 11/06/18 11/26/18 0.0540 0.0000 0.0000 0.0540
          10/11/18 10/10/18 10/25/18 0.0540 0.0000 0.0000 0.0540
          09/13/18 09/12/18 09/27/18 0.0540 0.0000 0.0000 0.0540
          08/14/18 08/13/18 09/04/18 0.0540 0.0000 0.0000 0.0540
          07/11/18 07/10/18 07/25/18 0.0540 0.0000 0.0000 0.0540
          06/13/18 06/12/18 06/27/18 0.0540 0.0000 0.0000 0.0540
          05/10/18 05/09/18 05/24/18 0.0540 0.0000 0.0000 0.0540
          04/10/18 04/09/18 04/24/18 0.0540 0.0000 0.0000 0.0540
          03/14/18 03/13/18 03/28/18 0.0540 0.0000 0.0000 0.0540
          02/12/18 02/09/18 02/27/18 0.0540 0.0000 0.0000 0.0540
          01/17/18 01/16/18 01/31/18 0.0540 0.0000 0.0000 0.0540
          12/15/17 12/14/17 01/02/18 0.0540 0.0000 0.0000 0.0540
          See all rows...

          Distributions are sourced entirely from net investment income, unless noted otherwise. If the fund estimates that a portion of its distribution may be comprised of amounts from sources other than net investment income in accordance with its policies and accounting practices, the fund will notify shareholders of the estimated composition of such distribution through a Section 19 Notice.

          Tax consequences of dividend or capital gain distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid. You should not draw any conclusions about the Fund's investment performance from the amount of the fund's distributions. Trading CEFs will also generate tax consequences and transaction expenses. This information is general in nature and is not intended to constitute tax advice. Please consult your own legal or tax advisor for more detailed information on tax issues and advice as they relate to your specific situation.


          Shares of closed-end funds (CEF) are sold in the open market through a stock exchange. Shares may only be purchased or sold through registered broker/dealers. Closed-end funds, unlike open-end funds, are typically not continuously offered.

          Closed-end fund shares are not deposits or obligations of, or guaranteed by, any bank and are not insured by the FDIC or any other agency. CEFs are subject to investment risk, including possible loss of principal amount invested. An investment in the fund may be speculative and it involves a high degree of risk. No assurance can be given that a fund will achieve its investment objective. An investment in CEFs presents a number of risks and is not appropriate for all investors. Investors should carefully review and consider potential risks before investing. Please see Main Risks section above for additional information regarding investment risks.

          This material is for informational purposes only and should not be considered as investment advice or a recommendation of any particular investment, strategy, or investment manager, and should not serve as a primary basis for investment decisions. Please consult with you own tax, legal or financial professional regarding your particular situation.

          For additional information on the fund, please refer to the fund's most recent shareholder report.

          The Bank of New York Mellon Corporation holds the majority of The Alcentra Group, which is comprised of the following affiliated companies: Alcentra Ltd. and Alcentra NY, LLC. which are registered with the U.S. Securities & Exchange Commission under the Investment Advisers Act of 1940. Alcentra Ltd is authorized and regulated by the Financial Conduct Authority and regulated by the Securities Exchange Commission. Alcentra and BNY Mellon Securities Corporation, a registered broker-dealer, are subsidiaries of The Bank of New York Mellon Corporation. Alcentra and BNY Mellon Securities Corporation, a registered broker-dealer, are subsidiaries of The Bank of New York Mellon Corporation.

          MARK-229510-2021-11-22