BNY Mellon Intermediate Bond Fund
- TICKER MIIDX
- Fund Code 0969
- CUSIP 05569M798
- SHARE CLASS
-
Literature Download
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.
Yields and Expense Ratio
30-DAY SEC YIELD as of 03/28/24 |
ANNUALIZED DISTRIBUTION RATE as of 02/29/24 |
PROSPECTUS FEE TABLE EXPENSE RATIO (%) as of 12/29/23 |
|||
---|---|---|---|---|---|
Subsidized | Unsubsidized | Net | Gross | Contractual Fee Waiver End Date |
|
4.08 | 4.08 | 2.67 | 0.83 | 0.83 | - |
Portfolio Managers
-
John F. Flahive, CFA
Portfolio Manager, The Bank of New York Mellon
Managing Fund Since 2006
Total Returns
Month End
Average Annual As of 02/29/24 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 02/29/24 |
YTD 02/29/24 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Intermediate Bond Fund
MIIDX |
1.32 | -0.34 | 4.37 | -1.07 | 1.13 | 1.13 | 2.72 |
Bloomberg U.S. Intermediate Government/Credit Index
|
1.51 | -0.79 | 4.38 | -1.53 | 1.24 | 1.51 | - |
Quarter End
Average Annual As of 12/31/23 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 12/31/23 |
YTD 12/31/23 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Intermediate Bond Fund
MIIDX |
3.51 | 5.01 | 5.01 | -1.23 | 1.40 | 1.26 | 2.75 |
Bloomberg U.S. Intermediate Government/Credit Index
|
4.56 | 5.24 | 5.24 | -1.63 | 1.59 | 1.72 | - |
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 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
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 03/28/24 Name | NAV | Change |
02/01/24 12 Month High Nav |
10/18/23 12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|
MIIDX
|
$11.84 |
-$0.03
-0.25%
|
$11.93 | $11.49 | 0.22% |
Main Risks
Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines.
Please refer to the prospectus for a more complete discussion of the fund's main risks.
Risk Metrics
As of 02/29/24 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
---|---|---|---|---|---|
MIIDX
|
3.56 | -1.16 | 0.46 | 92.16 | -1.11 |
All risk metrics are provided by Morningstar. The index used in the calculations are determined by Morningstar which may not be the funds primary benchmark. The index Morningstar used for this analysis is Bloomberg U.S. Aggregate Bond Index.
Dividend Schedule
Annualized distribution rate is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.
Month/Year | Dividend ($) |
---|---|
03/2024 | 0.026000000 |
02/2024 | 0.025000000 |
01/2024 | 0.025000000 |
12/2023 | 0.025000000 |
11/2023 | 0.025000000 |
10/2023 | 0.024000000 |
09/2023 | 0.023000000 |
08/2023 | 0.024000000 |
07/2023 | 0.024000000 |
06/2023 | 0.025000000 |
05/2023 | 0.024000000 |
04/2023 | 0.024000000 |
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 |
---|---|---|---|---|---|---|---|---|
03/27/24 | 03/28/24 | 03/28/24 | 0.0260 | 0.0000 | - | 0.0000 | 0.0000 | 0.0260 |
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 |
---|---|---|---|---|---|---|---|---|
02/28/24 | 02/29/24 | 02/29/24 | 0.0250 | 0.0000 | - | 0.0000 | 0.0000 | 0.0250 |
01/30/24 | 01/31/24 | 01/31/24 | 0.0250 | 0.0000 | - | 0.0000 | 0.0000 | 0.0250 |
12/06/23 | 12/07/23 | 12/07/23 | 0.0250 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0250 |
11/29/23 | 11/30/23 | 11/30/23 | 0.0250 | 0.0000 | - | 0.0000 | 0.0000 | 0.0250 |
10/30/23 | 10/31/23 | 10/31/23 | 0.0240 | 0.0000 | - | 0.0000 | 0.0000 | 0.0240 |
09/28/23 | 09/29/23 | 09/29/23 | 0.0230 | 0.0000 | - | 0.0000 | 0.0000 | 0.0230 |
08/30/23 | 08/31/23 | 08/31/23 | 0.0240 | 0.0000 | - | 0.0000 | 0.0000 | 0.0240 |
07/28/23 | 07/31/23 | 07/31/23 | 0.0240 | 0.0000 | - | 0.0000 | 0.0000 | 0.0240 |
06/29/23 | 06/30/23 | 06/30/23 | 0.0250 | 0.0000 | - | 0.0000 | 0.0000 | 0.0250 |
05/30/23 | 05/31/23 | 05/31/23 | 0.0240 | 0.0000 | - | 0.0000 | 0.0000 | 0.0240 |
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 | 0.0230 | 0.0000 | - | 0.0000 | 0.0000 | 0.0230 |
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Literature
Factsheet, Prospectus and Reports
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