BNY Mellon Intermediate Bond Fund
- TICKER MPIBX
- Fund Code 0962
- CUSIP 05569M814
- SHARE CLASS
-
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Why invest in this Fund?
To pursue its goal, the fund actively manages bond market and maturity exposure and 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 (up to 25% of total assets)
* foreign corporate and government bonds (up to 20% of total assets)
* municipal bonds
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 maturity will be between 3 and 10 years and its average effective portfolio duration will be between 2.5 and 5.5 years. The fund may invest in individual bonds of any maturity or duration. In calculating average effective portfolio maturity and average effective portfolio duration, the fund may treat a bond 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 February 28, 2023 for the Class M class shares; other classes may have different performance characteristics. Overall rating for the Short-Term Bond category. Fund ratings are out of 5 Stars: Overall 3 Stars (543 funds rated); 3 Yrs. 2 Stars (543 funds rated); 5 Yrs. 3 Stars (479 funds rated); 10 Yrs. 3 Stars (349 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
17 yr(s). on fund
Total Returns
Month End
Average Annual As of 02/28/23 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 02/28/23 |
YTD 02/28/23 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Intermediate Bond Fund
MPIBX |
0.29 | 0.41 | -4.49 | -1.45 | 0.96 | 0.88 | 4.49 |
Bloomberg U.S. Intermediate Government/Credit Index
|
-0.14 | 0.04 | -6.22 | -2.17 | 1.01 | 1.11 | - |
Quarter End
Average Annual As of 12/31/22 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 12/31/22 |
YTD 12/31/22 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Intermediate Bond Fund
MPIBX |
1.16 | -6.82 | -6.82 | -0.89 | 0.68 | 0.86 | 4.50 |
Bloomberg U.S. Intermediate Government/Credit Index
|
1.54 | -8.23 | -8.23 | -1.26 | 0.73 | 1.12 | - |
The Bloomberg U.S. Intermediate Government/Credit Index is a broad-based flagship benchmark that measures the non-securitized component of the Bloomberg Barclays U.S. Aggregate Bond Index. Investors cannot invest directly in any index.
Growth of $10,000 Investment
Historical Performance
Monthly
Yearly
Prospectus Fee Table Expense Ratios
As of 12/30/22 Fee Description | Expense Ratio (%) |
---|---|
Management Fee | 0.40% |
Administration Fee | 0.13% |
Other Expenses | 0.03% |
Total Expenses | 0.56% |
Portfolio Manager/Sub-Investment Adviser
Asset Allocation
Daily Statistics
As of 03/24/23 Name |
30-Day Sec Yield (WITHOUT WAIVER) |
30-Day Sec Yield (WITH WAIVER) |
NAV | Change |
04/04/22 12 Month High Nav |
10/20/22 12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|---|---|
MPIBX
|
4.21% | 4.21% | $11.79 |
-$0.01
-0.08%
|
$12.14 | $11.40 | 2.32% |
Performance Metrics
Overall Morningstar Rating
MORNINGSTAR CATEGORY Short-Term Bond
Morningstar Rating™ as of 02/28/23 for the Class M shares; other classes may have different performance
characteristics. Overall rating for the Short-Term Bond. Fund ratings are out of 5 Stars: Overall
3 Stars (543 funds rated); 3 Yrs.
2 Stars (543 funds rated); 5 Yrs.
3 Stars (479 funds rated); 10 Yrs.
3 Stars (349 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
106 out of 182 -
3 Year
117 out of 165 -
5 Year
81 out of 152 -
10 Year
63 out of 115
LIPPER CLASSIFICATION Short-Intmdt Investment Grade Debt 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.
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 02/28/23 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
---|---|---|---|---|---|
MPIBX
|
3.34 | -0.04 | 0.51 | 85.78 | -0.72 |
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 02/2023
Month/Year | Dividend ($) |
---|---|
02/2023 | 0.022000000 |
01/2023 | 0.026000000 |
12/2022 | 0.026000000 |
11/2022 | 0.024000000 |
10/2022 | 0.023000000 |
09/2022 | 0.022000000 |
08/2022 | 0.027000000 |
07/2022 | 0.024000000 |
06/2022 | 0.022000000 |
05/2022 | 0.024000000 |
04/2022 | 0.022000000 |
03/2022 | 0.022000000 |
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 |
---|---|---|---|---|---|---|---|---|---|
02/27/23 | 02/28/23 | 02/28/23 | 0.0220 | 0.0000 | - | 0.0000 | 0.0000 | 0.0220 | 11.57 |
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 |
---|---|---|---|---|---|---|---|---|---|
01/30/23 | 01/31/23 | 01/31/23 | 0.0260 | 0.0000 | - | 0.0000 | 0.0000 | 0.0260 | - |
12/06/22 | 12/07/22 | 12/07/22 | 0.0260 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0260 | - |
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 | - |
08/30/22 | 08/31/22 | 08/31/22 | 0.0270 | 0.0000 | - | 0.0000 | 0.0000 | 0.0270 | - |
07/28/22 | 07/29/22 | 07/29/22 | 0.0240 | 0.0000 | - | 0.0000 | 0.0000 | 0.0240 | - |
06/29/22 | 06/30/22 | 06/30/22 | 0.0220 | 0.0000 | - | 0.0000 | 0.0000 | 0.0220 | - |
05/27/22 | 05/31/22 | 05/31/22 | 0.0240 | 0.0000 | - | 0.0000 | 0.0000 | 0.0240 | - |
04/28/22 | 04/29/22 | 04/29/22 | 0.0220 | 0.0000 | - | 0.0000 | 0.0000 | 0.0220 | - |
03/30/22 | 03/31/22 | 03/31/22 | 0.0220 | 0.0000 | - | 0.0000 | 0.0000 | 0.0220 | - |
02/25/22 | 02/28/22 | 02/28/22 | 0.0190 | 0.0000 | - | 0.0000 | 0.0000 | 0.0190 | - |
See all rows... |
Literature
Factsheet, Prospectus and Reports
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