BNY Mellon Core Plus Fund
- TICKER DCPAX
- Fund Code 6347
- CUSIP 05580W866
- SHARE CLASS
-
Literature Download
Why invest in this Fund?
Morningstar Rating™ as of April 30, 2025 for the Class A class shares; other classes may have different performance characteristics. Overall rating for the Intermediate Core-Plus Bond category. Fund ratings are out of 5 Stars: Overall 3 Stars (541 funds rated); 3 Yrs. 3 Stars (541 funds rated); 5 Yrs. 3 Stars (478 funds rated); 10 Yrs. 4 Stars (350 funds rated).
Yields and Expense Ratio
|
30-DAY SEC YIELD as of 05/20/25 |
ANNUALIZED DISTRIBUTION RATE as of 04/30/25 |
PROSPECTUS FEE TABLE EXPENSE RATIO (%) as of 08/30/24 |
|||
|---|---|---|---|---|---|
| Subsidized | Unsubsidized | Net | Gross | Contractual Fee Waiver End Date |
|
| 4.32 | 4.31 | 3.98 | 0.70 | 0.72 | 12/31/25 |
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 Turnover Rate - It is a measure of how quickly securities in a fund are either bought or sold by the fund's managers, over a given period of time.
Average Effective Maturity (AEM) - is a measure of maturity that takes into account the possibility that a bond might be called back by the issuer. For a portfolio of bonds, average effective maturity is the weighted average of the maturities of the underlying bonds.
Average Effective Duration - It is used to measure the market price sensitivity of the fund’s portfolio holdings to changes in interest-rates. Duration is not a complete measure of bond risk and may not be successful.
Yield to Maturity (YTM) - is the expected annual rate of return earned on a bond assuming the debt security is held until maturity.
Portfolio Managers
-
Brendan Murphy, CFA
Head of Global Fixed Income, North America, Insight North America, LLC
Managing Fund Since 2024
Joined Firm in 2005
Joined Industry in 1996
-
Scott Zaleski, CFA
Senior Portfolio Manager, Insight North America, LLC
Managing Fund Since 2023
Joined Firm in 2014
Joined Industry in 1990
-
James DiChiaro
Senior Portfolio Manager,
Managing Fund Since 2019
Joined Firm in 1999
Joined Industry in 1998
Total Returns
Month End
|
Average Annual As of 04/30/25 |
|||||||
|---|---|---|---|---|---|---|---|
| Name |
3 MO 04/30/25 |
YTD 04/30/25 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
|
BNY Mellon Core Plus Fund
DCPAX |
-2.49 | -1.95 | 3.00 | 0.82 | -0.32 | 1.75 | 2.60 |
|
Bloomberg U.S. Aggregate Bond Index
|
2.64 | 3.18 | 8.02 | 1.95 | -0.67 | 1.54 | - |
Quarter End
|
Average Annual As of 03/31/25 |
|||||||
|---|---|---|---|---|---|---|---|
| Name |
3 MO 03/31/25 |
YTD 03/31/25 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
|
BNY Mellon Core Plus Fund
DCPAX |
-2.18 | -2.18 | 0.11 | -0.69 | 0.31 | 1.71 | 2.60 |
|
Bloomberg U.S. Aggregate Bond Index
|
2.78 | 2.78 | 4.88 | 0.52 | -0.40 | 1.46 | - |
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.
The total return performance figures presented for Class A shares of the fund represent the performance of the fund's Class Y for periods prior to February 02, 2018, the inception date for Class A shares, and the performance of Class A, respectively, from that inception date. Performance reflects the applicable class' distribution/servicing fees since the inception date. Had these fees and expenses been reflected for periods prior, performance would have been different.
For periods prior to February 5, 2018, the information for the fund’s Class A shares represents the performance of a predecessor fund's Institutional share. Such performance figures have not been adjusted to reflect applicable class fees and expenses; if such fees and expenses had been reflected, the performance shown for Class A shares for such periods may have been lower.
When applicable, returns reflect a contractual expense reduction, without which returns would have been lower. Please see contractual expense reduction information, if any, in the Prospectus Fee Table below.
Growth of $10,000 Investment
Past performance is no guarantee of future results.
Historical Performance
For periods prior to February 5, 2018, the information for the fund’s Class A shares represents the performance of a predecessor fund's Institutional share. Such performance figures have not been adjusted to reflect applicable class fees and expenses; if such fees and expenses had been reflected, the performance shown for Class A shares for such periods may have been lower.
Monthly
Yearly
Prospectus Fee Table Expense Ratios
| As of 08/30/24 Fee Description | Expense Ratio (%) |
|---|---|
| Management Fee | 0.35% |
| Service Fee | 0.25% |
| Other Expenses | 0.12% |
| Total Expenses | 0.72% |
| Expenses Reimbursed | 0.02% |
| Net Expenses | 0.70% |
The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until December 31, 2025, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of the fund's share classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest expense, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed .45%. On or after December 31, 2025, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.
Sales Charge
Portfolio Manager/Sub-Investment Adviser
Asset Allocation
Daily Statistics
| As of 05/20/25 Name | NAV | Change |
09/16/24 12 Month High Nav |
01/13/25 12 Month Low Nav |
YTD Return |
|---|---|---|---|---|---|
|
DCPAX
|
$9.07 |
-$0.02
-0.22%
|
$9.59 | $8.96 | 1.59% |
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.
Performance Metrics
Overall Morningstar Rating
MORNINGSTAR CATEGORY Intermediate Core-Plus Bond
Morningstar Rating™ as of 04/30/25 for the Class A shares; other classes may have different performance
characteristics. Overall rating for the Intermediate Core-Plus Bond. Fund ratings are out of 5 Stars: Overall
3 Stars (541 funds rated); 3 Yrs.
3 Stars (541 funds rated); 5 Yrs.
3 Stars (478 funds rated); 10 Yrs.
4 Stars (350 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. ©
2025
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
185 out of 323 -
3 Year
114 out of 305 -
5 Year
104 out of 280 -
10 Year
out of
LIPPER CLASSIFICATION Core Plus Bond Funds
Main Risks
Mortgage-backed securities: Ginnie Maes and other securities backed by the full faith and credit of the United States are guaranteed only as to the timely payment of interest and principal when held to maturity. The market prices for such mortgage-backed securities are not guaranteed and will fluctuate. Privately issued mortgage related securities also are subject to credit risks associated with the underlying mortgage properties. These securities may be more volatile and less liquid than more traditional, government backed debt securities. Privately issued mortgage related securities also are subject to credit risks associated with the underlying mortgage properties.
High yield bonds involve increased credit and liquidity risk than higher rated bonds and are considered speculative in terms of the issuer's ability to pay interest and repay principal on a timely basis.
Investing in foreign denominated and/or domiciled securities involves special risks, including changes in currency exchange rates, political, economic, and social instability, limited company information, differing auditing and legal standards, and less market liquidity. These risks generally are greater with emerging market countries.
The fund may, but is not required to, use derivatives which involves risks different from, or possibly greater than, the risks associated with investing directly in the underlying assets. Derivatives can be highly volatile, illiquid, and difficult to value and there is the risk that changes in the value of a derivative held by the portfolio will not correlate with the underlying instruments or the portfolio's other investments.
Risk Metrics
| As of 04/30/25 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
|---|---|---|---|---|---|
|
DCPAX
|
7.79 | 0.57 | 1.05 | 98.18 | -0.26 |
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.
Alpha - Alpha is a measure of a security's or portfolio's excess return.
Beta - Beta is a measure of a security’s or portfolio’s volatility, or systematic risk.
R-Squared - R-squared is a statistical measure that represents the percentage of a fund’s or security’s movements that are explained by movements in a benchmark index.
Sharpe Ratio - Sharpe ratio is a risk-adjusted measure that measures reward per unit of risk. The higher the Sharpe ratio, the better.
Standard Deviation - Standard deviation is a statistical measure of the degree to which an individual portfolio return tends to vary from the mean, based on the entire population. The greater the degree of dispersion, the greater the degree of risk. In mutual funds, the standard deviation tells us how much the return on the fund is deviating from the expected normal returns.
Dividend Schedule
| Month/Year | Dividend ($) |
|---|---|
| 04/2025 | 0.031550447 |
| 03/2025 | 0.030745555 |
| 02/2025 | 0.029883437 |
| 01/2025 | 0.031329311 |
| 12/2024 | 0.029676229 |
| 11/2024 | 0.029271357 |
| 10/2024 | 0.028838642 |
| 09/2024 | 0.027133777 |
| 08/2024 | 0.033238944 |
| 07/2024 | 0.031994769 |
| 06/2024 | 0.029171129 |
| 05/2024 | 0.033471141 |
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 |
|---|---|---|---|---|---|---|---|---|
| 12/02/24 | 12/03/24 | 12/03/24 | 0.0000 | 0.0000 | 0.0165 | 0.0000 | 0.0000 | 0.0165 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| 12/08/21 | 12/09/21 | 12/09/21 | 0.0000 | 0.0000 | 0.0985 | 0.0000 | 0.0000 | 0.0985 |
| 12/08/20 | 12/09/20 | 12/09/20 | 0.0000 | 0.0000 | 0.0242 | 0.0000 | 0.0000 | 0.0242 |
Literature
PRODUCT MATERIALS
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