BNY Mellon Bond Fund
- TICKER MPBFX
- Fund Code 0961
- CUSIP 05569M830
- SHARE CLASS
-
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Why invest in this Fund?
To pursue its goal, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in bonds, such as:
* U.S. government and agency bonds
* corporate bonds
* mortgage-related securities, including commercial mortgage-backed securities
* foreign corporate and government bonds (up to 20% of total assets)
* municipal bonds
The investment adviser actively manages the fund's bond market and maturity exposure and credit profile.
The fund's investments in bonds must be of investment grade (i.e. Baa/BBB or higher) quality at the time of purchase or, if unrated, deemed of comparable quality by the investment adviser. Generally, the fund's average effective portfolio duration will not exceed eight years. The fund may invest in individual bonds of any duration. In calculating average effective portfolio duration, the fund may treat a security that can be repurchased by its issuer on an earlier date (known as a "call date") as maturing on the call date rather than on its stated maturity date.
The investment adviser uses a disciplined process to select bonds and manage risk. The investment adviser chooses bonds based on yield, credit quality, the level of interest rates and inflation, general economic and financial trends, and its outlook for the securities markets.
Morningstar Rating™ as of July 31, 2024 for the Class M class shares; other classes may have different performance characteristics. Overall rating for the Intermediate Core Bond category. Fund ratings are out of 5 Stars: Overall 3 Stars (418 funds rated); 3 Yrs. 2 Stars (418 funds rated); 5 Yrs. 3 Stars (377 funds rated); 10 Yrs. 3 Stars (265 funds rated).
Yields and Expense Ratio
30-DAY SEC YIELD as of 08/30/24 |
ANNUALIZED DISTRIBUTION RATE as of 07/31/24 |
PROSPECTUS FEE TABLE EXPENSE RATIO (%) as of 12/29/23 |
|||
---|---|---|---|---|---|
Subsidized | Unsubsidized | Net | Gross | Contractual Fee Waiver End Date |
|
3.89 | 3.89 | 3.63 | 0.57 | 0.57 | - |
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 Managers
-
John F. Flahive, CFA
Portfolio Manager, The Bank of New York Mellon
Managing Fund Since 2005
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 Bond Fund
MPBFX |
5.12 | 1.78 | 5.02 | -2.90 | 0.13 | 1.49 | 4.94 |
Bloomberg U.S. Aggregate Bond Index
|
5.06 | 1.61 | 5.10 | -2.63 | 0.19 | 1.61 | - |
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 Bond Fund
MPBFX |
0.09 | -0.56 | 2.49 | -3.34 | -0.27 | 1.22 | 4.89 |
Bloomberg U.S. Aggregate Bond Index
|
0.07 | -0.71 | 2.63 | -3.02 | -0.23 | 1.35 | - |
The Bloomberg U.S. Aggregate Total Return Index is designed to measure the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, mortgage-backed pass-through securities (agency fixed-rate), commercial mortgage-backed securities (agency and non-agency) and other asset-backed securities having at least one year until final maturity. To be included in the index, securities must be rated investment grade (Baa3/BBB-/BBB- or higher) using the middle rating of Moody?s, S&P and Fitch. Investors cannot invest directly in an index.
Growth of $10,000 Investment
Historical Performance
Monthly
Yearly
Prospectus Fee Table Expense Ratios
As of 12/29/23 Fee Description | Expense Ratio (%) |
---|---|
Management Fee | 0.40% |
Administration Fee | 0.14% |
Other Expenses | 0.03% |
Total Expenses | 0.57% |
Net Expenses | 0.57% |
Portfolio Manager/Sub-Investment Adviser
Asset Allocation
Daily Statistics
As of 08/30/24 Name | NAV | Change |
08/23/24 12 Month High Nav |
10/19/23 12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|
MPBFX
|
$11.14 |
-$0.07
-0.62%
|
$11.24 | $10.22 | 3.20% |
Performance Metrics
Overall Morningstar Rating
MORNINGSTAR CATEGORY Intermediate Core Bond
Morningstar Rating™ as of 07/31/24 for the Class M shares; other classes may have different performance
characteristics. Overall rating for the Intermediate Core Bond. Fund ratings are out of 5 Stars: Overall
3 Stars (418 funds rated); 3 Yrs.
2 Stars (418 funds rated); 5 Yrs.
3 Stars (377 funds rated); 10 Yrs.
3 Stars (265 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
377 out of 507 -
3 Year
315 out of 476 -
5 Year
300 out of 452 -
10 Year
199 out of 330
LIPPER CLASSIFICATION Core Bond Funds
Main Risks
Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines.
Please refer to the prospectus for a more complete discussion of the fund's main risks.
Risk Metrics
As of 07/31/24 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
---|---|---|---|---|---|
MPBFX
|
7.51 | -0.32 | 0.99 | 99.60 | -0.84 |
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
Month/Year | Dividend ($) |
---|---|
08/2024 | 0.034000000 |
07/2024 | 0.034000000 |
06/2024 | 0.032000000 |
05/2024 | 0.034000000 |
04/2024 | 0.032000000 |
03/2024 | 0.030000000 |
02/2024 | 0.029000000 |
01/2024 | 0.030000000 |
12/2023 | 0.039000000 |
11/2023 | 0.031000000 |
10/2023 | 0.031000000 |
09/2023 | 0.029000000 |
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 |
---|---|---|---|---|---|---|---|---|
08/29/24 | 08/30/24 | 08/30/24 | 0.0340 | 0.0000 | - | 0.0000 | 0.0000 | 0.0340 |
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 |
---|---|---|---|---|---|---|---|---|
07/30/24 | 07/31/24 | 07/31/24 | 0.0340 | 0.0000 | - | 0.0000 | 0.0000 | 0.0340 |
06/27/24 | 06/28/24 | 06/28/24 | 0.0320 | 0.0000 | - | 0.0000 | 0.0000 | 0.0320 |
05/30/24 | 05/31/24 | 05/31/24 | 0.0340 | 0.0000 | - | 0.0000 | 0.0000 | 0.0340 |
04/29/24 | 04/30/24 | 04/30/24 | 0.0320 | 0.0000 | - | 0.0000 | 0.0000 | 0.0320 |
03/27/24 | 03/28/24 | 03/28/24 | 0.0300 | 0.0000 | - | 0.0000 | 0.0000 | 0.0300 |
02/28/24 | 02/29/24 | 02/29/24 | 0.0290 | 0.0000 | - | 0.0000 | 0.0000 | 0.0290 |
01/30/24 | 01/31/24 | 01/31/24 | 0.0300 | 0.0000 | - | 0.0000 | 0.0000 | 0.0300 |
12/06/23 | 12/07/23 | 12/07/23 | 0.0390 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0390 |
11/29/23 | 11/30/23 | 11/30/23 | 0.0310 | 0.0000 | - | 0.0000 | 0.0000 | 0.0310 |
10/30/23 | 10/31/23 | 10/31/23 | 0.0310 | 0.0000 | - | 0.0000 | 0.0000 | 0.0310 |
09/28/23 | 09/29/23 | 09/29/23 | 0.0290 | 0.0000 | - | 0.0000 | 0.0000 | 0.0290 |
08/30/23 | 08/31/23 | 08/31/23 | 0.0280 | 0.0000 | - | 0.0000 | 0.0000 | 0.0280 |
See all rows... |
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Factsheet, Prospectus and Reports
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