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.
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 |
|
3.64 | 3.64 | 3.31 | 0.82 | 0.82 | - |
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
MIBDX |
5.13 | 1.59 | 4.76 | -3.13 | -0.12 | 1.24 | 3.06 |
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
MIBDX |
-0.09 | -0.81 | 2.15 | -3.60 | -0.53 | 0.96 | 2.97 |
Bloomberg U.S. Aggregate Bond Index
|
0.07 | -0.71 | 2.63 | -3.02 | -0.23 | 1.35 | - |
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 12/29/23 Fee Description | Expense Ratio (%) |
---|---|
Management Fee | 0.40% |
Service Fee | 0.25% |
Administration Fee | 0.14% |
Other Expenses | 0.03% |
Total Expenses | 0.82% |
Net Expenses | 0.82% |
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 |
---|---|---|---|---|---|
MIBDX
|
$11.14 |
-$0.06
-0.54%
|
$11.24 | $10.21 | 2.98% |
Main Risks
Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines.
Please refer to the prospectus for a more complete discussion of the fund's main risks.
Risk Metrics
As of 07/31/24 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
---|---|---|---|---|---|
MIBDX
|
7.53 | -0.54 | 1.00 | 99.61 | -0.87 |
All risk metrics are provided by Morningstar. The index used in the calculations are determined by Morningstar which may not be the funds primary benchmark. The index Morningstar used for this analysis is Bloomberg U.S. Aggregate Bond Index.
Dividend Schedule
Month/Year | Dividend ($) |
---|---|
08/2024 | 0.031000000 |
07/2024 | 0.031000000 |
06/2024 | 0.029000000 |
05/2024 | 0.031000000 |
04/2024 | 0.029000000 |
03/2024 | 0.027000000 |
02/2024 | 0.026000000 |
01/2024 | 0.027000000 |
12/2023 | 0.036000000 |
11/2023 | 0.028000000 |
10/2023 | 0.028000000 |
09/2023 | 0.026000000 |
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 |
---|---|---|---|---|---|---|---|---|
08/29/24 | 08/30/24 | 08/30/24 | 0.0310 | 0.0000 | - | 0.0000 | 0.0000 | 0.0310 |
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 | 0.0310 | 0.0000 | - | 0.0000 | 0.0000 | 0.0310 |
06/27/24 | 06/28/24 | 06/28/24 | 0.0290 | 0.0000 | - | 0.0000 | 0.0000 | 0.0290 |
05/30/24 | 05/31/24 | 05/31/24 | 0.0310 | 0.0000 | - | 0.0000 | 0.0000 | 0.0310 |
04/29/24 | 04/30/24 | 04/30/24 | 0.0290 | 0.0000 | - | 0.0000 | 0.0000 | 0.0290 |
03/27/24 | 03/28/24 | 03/28/24 | 0.0270 | 0.0000 | - | 0.0000 | 0.0000 | 0.0270 |
02/28/24 | 02/29/24 | 02/29/24 | 0.0260 | 0.0000 | - | 0.0000 | 0.0000 | 0.0260 |
01/30/24 | 01/31/24 | 01/31/24 | 0.0270 | 0.0000 | - | 0.0000 | 0.0000 | 0.0270 |
12/06/23 | 12/07/23 | 12/07/23 | 0.0360 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0360 |
11/29/23 | 11/30/23 | 11/30/23 | 0.0280 | 0.0000 | - | 0.0000 | 0.0000 | 0.0280 |
10/30/23 | 10/31/23 | 10/31/23 | 0.0280 | 0.0000 | - | 0.0000 | 0.0000 | 0.0280 |
09/28/23 | 09/29/23 | 09/29/23 | 0.0260 | 0.0000 | - | 0.0000 | 0.0000 | 0.0260 |
08/30/23 | 08/31/23 | 08/31/23 | 0.0250 | 0.0000 | - | 0.0000 | 0.0000 | 0.0250 |
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