BNY Mellon Corporate Bond Fund
- TICKER BYMIX
- Fund Code 6312
- CUSIP 05569M350
- SHARE CLASS
-
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Why invest in this Fund?
To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in corporate bonds, which include U.S. dollar-denominated bonds issued by the U.S. and foreign corporations. The remainder of the fund?s assets may be invested in U.S. government and agency bonds, mortgage related securities, including commercial mortgage-backed securities, asset-backed securities, foreign corporate bonds denominated in foreign currencies, foreign government bonds, municipal bonds and commercial paper and other money market instruments. The investment adviser uses a disciplined process to select bonds and manage risk. The process includes computer modeling and scenario testing of possible changes in market conditions. The investment adviser will use other techniques in an attempt to manage market risk and duration.
The investment adviser actively manages the fund?s bond market and maturity exposure and credit profile. The fund normally invests at least 80% of its assets in bonds rated investment grade (i.e., Baa/BBB or higher) at the time of purchase or, if unrated, deemed of comparable quality by the manager, with at least 65% of such investment grade bonds issued by corporations or the U.S. government or its agencies.
Morningstar Rating™ as of August 31, 2024 for the Investor Shares class shares; other classes may have different performance characteristics. Overall rating for the Corporate Bond category. Fund ratings are out of 5 Stars: Overall 5 Stars (178 funds rated); 3 Yrs. 5 Stars (178 funds rated); 5 Yrs. 5 Stars (160 funds rated); 10 Yrs. 5 Stars (99 funds rated).
Yields and Expense Ratio
30-DAY SEC YIELD as of 09/19/24 |
ANNUALIZED DISTRIBUTION RATE as of 08/31/24 |
PROSPECTUS FEE TABLE EXPENSE RATIO (%) as of 12/29/23 |
|||
---|---|---|---|---|---|
Subsidized | Unsubsidized | Net | Gross | Contractual Fee Waiver End Date |
|
4.31 | 4.31 | 3.72 | 0.83 | 0.83 | - |
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 Inception
Total Returns
Month End
Average Annual As of 08/31/24 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 08/31/24 |
YTD 08/31/24 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Corporate Bond Fund
BYMIX |
3.77 | 4.88 | 9.86 | -0.13 | 1.87 | 2.95 | 3.23 |
Bloomberg U.S. Intermediate Credit Index
|
4.01 | 4.23 | 8.63 | 0.08 | 1.59 | 2.47 | - |
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 Corporate Bond Fund
BYMIX |
0.71 | 1.70 | 7.60 | -0.94 | 1.75 | 2.71 | 3.02 |
Bloomberg U.S. Intermediate Credit Index
|
0.73 | 0.93 | 5.60 | -0.80 | 1.32 | 2.20 | - |
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. Intermediate Credit Index measures the investment-grade, U.S. dollar-denominated, fixed-rate, taxable corporate and government-related bond markets with a maturity greater than 1 year and less than 10 years. It is composed of the U.S. Corporate Index and a non-corporate component that includes non-U.S. agencies, sovereigns, supranationals and local authorities constrained by maturity. The U.S. Intermediate Credit Index is a subset of the U.S. Credit Index, which feeds into the U.S. Government/Credit Index and U.S. Aggregate Index. Investors cannot invest directly in any 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 | 0.04% |
Total Expenses | 0.83% |
Net Expenses | 0.83% |
Portfolio Manager/Sub-Investment Adviser
Asset Allocation
Daily Statistics
As of 09/19/24 Name | NAV | Change |
09/17/24 12 Month High Nav |
10/19/23 12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|
BYMIX
|
$12.52 |
$0.02
0.16%
|
$12.53 | $11.29 | 6.41% |
Performance Metrics
Overall Morningstar Rating
MORNINGSTAR CATEGORY Corporate Bond
Morningstar Rating™ as of 08/31/24 for the Investor Shares shares; other classes may have different performance
characteristics. Overall rating for the Corporate Bond. Fund ratings are out of 5 Stars: Overall
5 Stars (178 funds rated); 3 Yrs.
5 Stars (178 funds rated); 5 Yrs.
5 Stars (160 funds rated); 10 Yrs.
5 Stars (99 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
60 out of 253 -
3 Year
18 out of 228 -
5 Year
18 out of 208 -
10 Year
16 out of 137
LIPPER CLASSIFICATION Corporate Debt Funds BBB-Rated
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 08/31/24 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
---|---|---|---|---|---|
BYMIX
|
6.70 | 1.03 | 0.84 | 92.65 | -0.56 |
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
Annualized distribution rate 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.
Month/Year | Dividend ($) |
---|---|
08/2024 | 0.039000000 |
07/2024 | 0.037000000 |
06/2024 | 0.035000000 |
05/2024 | 0.036000000 |
04/2024 | 0.034000000 |
03/2024 | 0.035000000 |
02/2024 | 0.035000000 |
01/2024 | 0.037000000 |
12/2023 | 0.050000000 |
11/2023 | 0.037000000 |
10/2023 | 0.036000000 |
09/2023 | 0.034000000 |
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 | 0.0390 | 0.0000 | - | 0.0000 | 0.0000 | 0.0390 |
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 | 0.0370 | 0.0000 | - | 0.0000 | 0.0000 | 0.0370 |
06/27/24 | 06/28/24 | 06/28/24 | 0.0350 | 0.0000 | - | 0.0000 | 0.0000 | 0.0350 |
05/30/24 | 05/31/24 | 05/31/24 | 0.0360 | 0.0000 | - | 0.0000 | 0.0000 | 0.0360 |
04/29/24 | 04/30/24 | 04/30/24 | 0.0340 | 0.0000 | - | 0.0000 | 0.0000 | 0.0340 |
03/27/24 | 03/28/24 | 03/28/24 | 0.0350 | 0.0000 | - | 0.0000 | 0.0000 | 0.0350 |
02/28/24 | 02/29/24 | 02/29/24 | 0.0350 | 0.0000 | - | 0.0000 | 0.0000 | 0.0350 |
01/30/24 | 01/31/24 | 01/31/24 | 0.0370 | 0.0000 | - | 0.0000 | 0.0000 | 0.0370 |
12/06/23 | 12/07/23 | 12/07/23 | 0.0500 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0500 |
11/29/23 | 11/30/23 | 11/30/23 | 0.0370 | 0.0000 | - | 0.0000 | 0.0000 | 0.0370 |
10/30/23 | 10/31/23 | 10/31/23 | 0.0360 | 0.0000 | - | 0.0000 | 0.0000 | 0.0360 |
09/28/23 | 09/29/23 | 09/29/23 | 0.0340 | 0.0000 | - | 0.0000 | 0.0000 | 0.0340 |
08/30/23 | 08/31/23 | 08/31/23 | 0.0340 | 0.0000 | - | 0.0000 | 0.0000 | 0.0340 |
See all rows... |
Literature
Factsheet, Prospectus and Reports
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