BNY Mellon Bond Fund
- TICKER MIBDX
- Fund Code 0968
- CUSIP 05569M822
- 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 August 31, 2023 for the Investor Shares 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 2 Stars (415 funds rated); 3 Yrs. 2 Stars (415 funds rated); 5 Yrs. 2 Stars (379 funds rated); 10 Yrs. 2 Stars (277 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
-
John F. Flahive, CFA
Portfolio Manager, The Bank of New York Mellon
18 yr(s). on fund
Total Returns
Month End
Average Annual As of 09/30/23 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 09/30/23 |
YTD 09/30/23 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Bond Fund
MIBDX |
-3.35 | -1.25 | 0.48 | -5.44 | -0.23 | 0.76 | 2.81 |
Quarter End
Average Annual As of 09/30/23 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 09/30/23 |
YTD 09/30/23 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Bond Fund
MIBDX |
-3.35 | -1.25 | 0.48 | -5.44 | -0.23 | 0.76 | 2.81 |
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.
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
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.
Yearly
Investment return fluctuates and past performance is no guarantee of future results.
Prospectus Fee Table Expense Ratios
As of 12/30/22 Fee Description | Expense Ratio (%) |
---|---|
Management Fee | 0.40% |
Service Fee | 0.25% |
Administration Fee | 0.13% |
Other Expenses | 0.02% |
Total Expenses | 0.80% |
Portfolio Manager/Sub-Investment Adviser
Asset Allocation
Daily Statistics
As of 10/03/23 Name |
30-Day Sec Yield (WITHOUT WAIVER) |
30-Day Sec Yield (WITH WAIVER) |
NAV | Change |
02/02/23 12 Month High Nav |
10/03/23 12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|---|---|
MIBDX
|
4.21% | 4.21% | $10.29 |
-$0.09
-0.87%
|
$11.23 | $10.29 | -2.85% |
Main Risks
Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines.
Please refer to the prospectus for a more complete discussion of the fund's main risks.
Risk Metrics
As of 08/31/23 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
---|---|---|---|---|---|
MIBDX
|
6.02 | -0.35 | 0.99 | 99.12 | -1.08 |
All risk metrics are provided by Morningstar. The index used in the calculations are determined by Morningstar which may not be the funds primary benchmark. The index Morningstar used for this analysis is Bloomberg U.S. Aggregate Bond Index.
Dividend Schedule
As of 09/2023
Month/Year | Dividend ($) |
---|---|
09/2023 | 0.026000000 |
08/2023 | 0.025000000 |
07/2023 | 0.025000000 |
06/2023 | 0.026000000 |
05/2023 | 0.025000000 |
04/2023 | 0.024000000 |
03/2023 | 0.025000000 |
02/2023 | 0.022000000 |
01/2023 | 0.024000000 |
12/2022 | 0.031000000 |
11/2022 | 0.024000000 |
10/2022 | 0.023000000 |
All figures as of month-end. Dividend history does not reflect any capital gains that may have been paid.
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 |
---|---|---|---|---|---|---|---|---|---|
09/28/23 | 09/29/23 | 09/29/23 | 0.0260 | 0.0000 | - | 0.0000 | 0.0000 | 0.0260 | 10.46 |
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 |
---|---|---|---|---|---|---|---|---|---|
08/30/23 | 08/31/23 | 08/31/23 | 0.0250 | 0.0000 | - | 0.0000 | 0.0000 | 0.0250 | - |
07/28/23 | 07/31/23 | 07/31/23 | 0.0250 | 0.0000 | - | 0.0000 | 0.0000 | 0.0250 | - |
06/29/23 | 06/30/23 | 06/30/23 | 0.0260 | 0.0000 | - | 0.0000 | 0.0000 | 0.0260 | - |
05/30/23 | 05/31/23 | 05/31/23 | 0.0250 | 0.0000 | - | 0.0000 | 0.0000 | 0.0250 | - |
04/27/23 | 04/28/23 | 04/28/23 | 0.0240 | 0.0000 | - | 0.0000 | 0.0000 | 0.0240 | - |
03/30/23 | 03/31/23 | 03/31/23 | 0.0250 | 0.0000 | - | 0.0000 | 0.0000 | 0.0250 | - |
02/27/23 | 02/28/23 | 02/28/23 | 0.0220 | 0.0000 | - | 0.0000 | 0.0000 | 0.0220 | - |
01/30/23 | 01/31/23 | 01/31/23 | 0.0240 | 0.0000 | - | 0.0000 | 0.0000 | 0.0240 | - |
12/06/22 | 12/07/22 | 12/07/22 | 0.0310 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0310 | - |
11/29/22 | 11/30/22 | 11/30/22 | 0.0240 | 0.0000 | - | 0.0000 | 0.0000 | 0.0240 | - |
10/28/22 | 10/31/22 | 10/31/22 | 0.0230 | 0.0000 | - | 0.0000 | 0.0000 | 0.0230 | - |
09/29/22 | 09/30/22 | 09/30/22 | 0.0220 | 0.0000 | - | 0.0000 | 0.0000 | 0.0220 | - |
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Literature
Factsheet, Prospectus and Reports
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