BNY Mellon Global Fixed Income Fund

    Overview

    Why invest in this Fund?

    The fund seeks to maximize total return while realizing a market level of income consistent with preserving principal and liquidity. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in U.S. dollar and non-U.S. dollar-denominated fixed-income securities of governments and companies located in various countries, including emerging markets. The fund generally invests in eight or more countries, but always invests in at least three countries, one of which may be the United States. The fund may invest up to 25% of its net assets in emerging markets generally and up to 7% of its assets in any single emerging market country.
    Min. Class Investment
    $1,000
    Class Inception Date
    12/02/09
    Fund Assets
    $2,853,383,035  As of  09/13/24
    Class Assets
    $146,072,913  As of  09/13/24
    Portfolio Turnover Rate
    117.24% As of fiscal year end  12/31/23
    Morningstar Category
    Global Bond-USD Hedged
    Benchmark
    Bloomberg Global Aggregate Index (Hedged)
    Morningstar Overall Rating
    Fund Holdings
    252 As of 08/31/24
    AVERAGE EFFECTIVE MATURITY
    8.44 yr(s).  As of  08/31/24
    AVERAGE EFFECTIVE DURATION
    6.15 yr(s).   As of  08/31/24
    Yield To Maturity
    3.78% As of 08/31/24

    Morningstar Rating™ as of August 31, 2024 for the Class A class shares; other classes may have different performance characteristics. Overall rating for the Global Bond-USD Hedged category. Fund ratings are out of 5 Stars: Overall 4 Stars (104 funds rated); 3 Yrs. 4 Stars (104 funds rated); 5 Yrs. 5 Stars (97 funds rated); 10 Yrs. 4 Stars (60 funds rated).

    Yields and Expense Ratio

    30-DAY SEC YIELD
    as of 09/13/24     		ANNUALIZED
    DISTRIBUTION RATE
    		 PROSPECTUS FEE TABLE EXPENSE RATIO (%)
    as of 05/01/24
    Subsidized Unsubsidized Net Gross Contractual
    Fee Waiver End Date
    3.09 3.09 - 0.85 0.85 -

    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

      Brendan Murphy, CFA

      Head of Global Fixed Income, North America, Insight North America, LLC

      Managing Fund Since 2011

      Joined Firm in 2005

      Joined Industry in 1996
    • Scott Zaleski

      Scott Zaleski, CFA

      Senior Portfolio Manager, Insight North America, LLC

      Managing Fund Since 2018

      Joined Firm in 2014

      Joined Industry in 1990
    • Nathaniel Hyde

      Nathaniel Hyde, CFA

      Portfolio Manager, Insight North America, LLC

      Managing Fund Since 2022

      Joined Firm in 2007

      Joined Industry in 2006
    • Adam Whiteley

      Adam Whiteley

      Portfolio Manager, Insight North America, LLC

      Managing Fund Since November 2023

      Joined Firm in 2007

      Joined Industry in 2007
    • Harvey Bradley

      Harvey Bradley

      Portfolio Manager, Insight North America, LLC

      Managing Fund Since November 2023

      Joined Firm in 2012

      Joined Industry in 2012
    Performance

    Total Returns

    Click here to see SALES CHARGE  Max Sales Charge:  4.50%  Front End Load

    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 Global Fixed Income Fund
    DHGAX
    		-0.27 -0.33 4.52 -1.51 0.33 1.65 4.81
    Bloomberg Global Aggregate Index (Hedged)
    		3.94 3.19 7.48 -0.92 0.24 2.18 -

    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 Global Fixed Income Fund
    DHGAX
    		-4.28 -3.54 0.86 -2.32 0.18 1.45 4.73
    Bloomberg Global Aggregate Index (Hedged)
    		0.12 0.13 4.20 -1.57 0.25 2.02 -

    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 Global Aggregate Index (Hedged) is a flagship measure of global investment-grade debt from 24 local currency markets. This multi-currency benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging market issuers. Currency exposure is hedged to the U.S. dollar. Investors cannot invest directly in any index.

    The total return performance figures presented for Class A shares of the fund represent the performance of the fund's Class I for periods prior to December 02, 2009, 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.


    Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

    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

      These figures do not reflect the maximum sales charge which, if included, would reduce return.

      Past performance is no guarantee of future results.

       

      Yearly Total Return

      Yearly

      Investment return fluctuates and past performance is no guarantee of future results.

      Fees & Expenses

      Prospectus Fee Table Expense Ratios

      As of  05/01/24 Fee Description Expense Ratio (%)
      Management Fee 0.40%
      Service Fee 0.25%
      Administration Fee 0.01%
      Other Expenses 0.19%
      Total Expenses 0.85%
      Net Expenses 0.85%
      Total Expenses is the total annual operating expense ratio for the fund, before any fee waivers or expense reimbursements. Net Expenses is the total annual operating expense ratio for the fund, after any applicable fee waivers or expense reimbursements. The Total Expenses, or Net Expenses (if including fee waivers or expense reimbursements) is the actual fund expense ratio applicable to investors.

      Sales Charge

      There is a 1% CDSC for purchases of $1,000,000 and over if redeemed within one year of purchase.

      Portfolio

      Portfolio Manager/Sub-Investment Adviser

      The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). BNYM Investment Adviser has engaged its affiliate, Insight North America LLC (INA), to serve as the fund's sub-adviser. Brendan Murphy, CFA, Scott Zaleski, CFA, Nathaniel Hyde, CFA, Adam Whiteley, CFA and Harvey Bradley, CFA are the fund's primary portfolio managers. Mr. Murphy is Head of Fixed Income, North America, at INA and has been a primary portfolio manager of the fund since May 2011. Mr. Zaleski is Co-Head of US Multi-Sector Fixed Income at INA and has been a primary portfolio manager of the fund since February 2018. Mr. Hyde is a portfolio manager at INA and has been a primary portfolio manager of the fund since September 2022. Mr. Whiteley is Head of Global Credit at Insight Investment Management (Global) Limited (Insight UK), an affiliate of INA, and has been a primary portfolio manager of the fund since October 2023. Mr. Bradley is a portfolio manager at Insight UK and has been a primary portfolio manager of the fund since October 2023. Messrs. Whiteley and Bradley are treated as "associated persons" of INA under the Investment Advisers Act of 1940, as amended, for purposes of providing investment advice with respect to the fund pursuant to a participating affiliate agreement between INA and Insight UK.

      Top Holdings

      Download Total Holdings
      As of 08/31/24

      Asset Allocation

          Stats & Risks

          Daily Statistics

          As of 09/13/24 Name NAV Change 09/13/24  12 Month 
          High Nav           		10/19/23  12 Month 
          Low Nav           		YTD Return
          DHGAX
          		$20.76
          $0.04
          0.19%
          		$20.76 $18.48 5.80%

          Past performance is no guarantee of future results.

          Performance Metrics

          Overall Morningstar Rating

          MORNINGSTAR CATEGORY Global Bond-USD Hedged

          Morningstar Rating™ as of 08/31/24 for the Class A shares; other classes may have different performance characteristics. Overall rating for the Global Bond-USD Hedged. Fund ratings are out of 5 Stars: Overall 4 Stars (104 funds rated); 3 Yrs. 4 Stars (104 funds rated); 5 Yrs. 5 Stars (97 funds rated); 10 Yrs. 4 Stars (60 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
            32 out of 218
          • 3 Year
            31 out of 207
          • 5 Year
            36 out of 190
          • 10 Year
            18 out of 145

          LIPPER CLASSIFICATION Global Income Funds

          Lipper Category returns and rankings as of 08/31/24, are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns. Rankings do not reflect sales loads

          Main Risks

          Bonds are subject to interest rate, credit, liquidity, call and market risks, to varying degrees. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines.
          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.
          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.
          The use of derivatives 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  08/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DHGAX
          		6.13 0.77 0.77 93.50 -0.59

          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.

          Distributions

          Dividend Schedule

          Declared
          Quarterly
          Distributed
          Quarterly
          Paid
          Quarterly
          Fiscal Year End
          Dec 31
          Month/Year Dividend ($)*
          06/2024 0.0430
          03/2024 0.0260
          12/2023 0.3478
          12/2022 0.6139

          All figures as of month-end. Dividend history does not reflect any capital gains that may have been paid


          * With respect to BNY Mellon Global Fixed Income Fund, if the fund's cumulative distributions during or with respect to a taxable year exceed its current and accumulated earnings and profits (generally, its net investment income and capital gains) realized during that year, all or a portion of each distribution made in that taxable year will be treated as a return of capital to a shareholder to the extent of the shareholder’s tax basis in their shares, and thereafter as capital gain.  A return of capital reduces a shareholder's adjusted cost basis in the fund's shares.  This, in turn, affects the amount of any capital gain or loss realized by the shareholder upon selling the fund's shares and is not subject to tax currently unless the shareholder's adjusted cost basis has been reduced to zero.  Once a shareholder's adjusted cost basis has been reduced to zero, return of capital will be treated as capital gains.  A return of capital does not reflect positive investment performance.  Statements describing the source or sources of any quarterly distribution, to the extent from any source other than the fund's net income, will be delivered in writing or electronically to shareholders at the time of the distribution.  The tax status of your distributions will be detailed in your annual tax statement from the fund.  Because everyone's tax situation is unique, please consult your tax adviser before investing.

          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*
          06/27/24 06/28/24 06/28/24 0.0430 0.0000 - 0.0000 0.0000 0.0430
          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
          12/19/23 12/20/23 12/20/23 0.3478 0.0000 0.0000 0.0000 0.0000 0.3478
          12/20/22 12/21/22 12/21/22 0.6139 0.0000 0.0000 0.0000 0.0000 0.6139
          09/29/22 09/30/22 09/30/22 0.1100 0.0000 - 0.0000 0.0000 0.1100
          03/30/22 03/31/22 03/31/22 - 0.0000 - 0.0000 0.0762 0.0762
          12/21/21 12/22/21 12/22/21 0.1878 0.0000 0.2175 0.0000 0.4892 0.8945
          09/29/21 09/30/21 09/30/21 0.0384 0.0000 - 0.0000 0.0000 0.0384
          03/30/21 03/31/21 03/31/21 - 0.0000 0.1065 0.0000 0.1313 0.2378
          12/29/20 12/30/20 12/30/20 0.4824 0.0000 0.0000 0.0000 0.0000 0.4824
          06/29/20 06/30/20 06/30/20 0.0222 0.0000 0.0000 0.0000 0.0000 0.0222
          03/30/20 03/31/20 03/31/20 0.0223 0.0000 0.0000 0.0000 0.0000 0.0223
          12/30/19 12/31/19 12/31/19 0.0893 0.0000 0.0000 0.0000 0.0000 0.0893
          12/28/18 12/31/18 12/31/18 0.5892 0.0000 0.0000 0.0000 0.0000 0.5892
          09/27/18 09/28/18 09/28/18 0.1700 0.0000 0.0000 0.0000 0.0000 0.1700
          12/28/17 12/29/17 12/29/17 0.2720 0.0000 0.0000 0.0000 0.0000 0.2720
          06/29/17 06/30/17 06/30/17 0.0770 0.0000 0.0000 0.0000 0.0000 0.0770
          03/30/17 03/31/17 03/31/17 0.0670 0.0000 0.0000 0.0000 0.1085 0.1755
          12/29/16 12/30/16 12/30/16 0.3214 0.0000 0.0607 0.0000 0.0627 0.4448
          12/30/15 12/31/15 12/31/15 0.1890 0.0000 0.0000 0.0000 0.0000 0.1890
          09/29/15 09/30/15 09/30/15 0.0920 0.0000 0.0000 0.0000 0.0000 0.0920
          06/29/15 06/30/15 06/30/15 0.0490 0.0000 0.0000 0.0000 0.0000 0.0490
          03/30/15 03/31/15 03/31/15 0.0830 0.0000 0.0308 0.0000 0.0900 0.2038
          12/30/14 12/31/14 12/31/14 0.4380 0.0000 0.0843 0.0000 0.2232 0.7455
          09/29/14 09/30/14 09/30/14 0.0950 0.0000 0.0000 0.0000 0.0000 0.0950
          06/27/14 06/30/14 06/30/14 0.0890 0.0000 0.0000 0.0000 0.0000 0.0890
          03/28/14 03/31/14 03/31/14 0.1060 0.0000 0.0000 0.0000 0.0000 0.1060
          12/27/13 12/30/13 12/30/13 0.2880 0.0000 0.0000 0.0000 0.0000 0.2880
          09/27/13 09/30/13 09/30/13 0.0740 0.0000 0.0000 0.0000 0.0000 0.0740
          06/27/13 06/28/13 06/28/13 0.1380 0.0000 0.0000 0.0000 0.0000 0.1380
          03/27/13 03/28/13 03/28/13 0.1150 0.0000 0.0232 0.0000 0.0000 0.1382
          12/27/12 12/28/12 12/28/12 0.2050 0.0000 0.4261 0.0000 0.0351 0.6662
          09/27/12 09/28/12 09/28/12 0.0750 0.0000 0.0000 0.0000 0.0000 0.0750
          06/28/12 06/29/12 06/29/12 0.0550 0.0000 0.0000 0.0000 0.0000 0.0550
          03/29/12 03/30/12 03/30/12 0.0360 0.0000 0.0000 0.0000 0.0000 0.0360
          12/28/11 12/29/11 12/29/11 0.4880 0.0000 0.0000 0.0000 0.0000 0.4880
          09/29/11 09/30/11 09/30/11 0.1030 0.0000 0.0000 0.0000 0.0000 0.1030
          06/29/11 06/30/11 06/30/11 0.1350 0.0000 0.0000 0.0000 0.0000 0.1350
          03/30/11 03/31/11 03/31/11 0.0660 0.0000 0.0000 0.0000 0.0021 0.0681
          12/29/10 12/30/10 12/30/10 0.6120 0.0000 0.0000 0.0000 0.0000 0.6120
          09/29/10 09/30/10 09/30/10 0.0650 0.0000 0.0000 0.0000 0.0000 0.0650
          06/29/10 06/30/10 06/30/10 0.1790 0.0000 0.0000 0.0000 0.0000 0.1790
          03/30/10 03/31/10 03/31/10 0.2210 0.0000 0.0000 0.0000 0.0000 0.2210
          12/29/09 12/30/09 12/30/09 0.1970 0.0000 0.0000 0.0000 0.0000 0.1970
          See all rows...

          * With respect to BNY Mellon Global Fixed Income Fund, if the fund's cumulative distributions during or with respect to a taxable year exceed its current and accumulated earnings and profits (generally, its net investment income and capital gains) realized during that year, all or a portion of each distribution made in that taxable year will be treated as a return of capital to a shareholder to the extent of the shareholder’s tax basis in their shares, and thereafter as capital gain.  A return of capital reduces a shareholder's adjusted cost basis in the fund's shares.  This, in turn, affects the amount of any capital gain or loss realized by the shareholder upon selling the fund's shares and is not subject to tax currently unless the shareholder's adjusted cost basis has been reduced to zero.  Once a shareholder's adjusted cost basis has been reduced to zero, return of capital will be treated as capital gains.  A return of capital does not reflect positive investment performance.  Statements describing the source or sources of any quarterly distribution, to the extent from any source other than the fund's net income, will be delivered in writing or electronically to shareholders at the time of the distribution.  The tax status of your distributions will be detailed in your annual tax statement from the fund.  Because everyone's tax situation is unique, please consult your tax adviser before investing.

          Literature

          Literature

          PRODUCT MATERIALS

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          Bonds without Borders Brochure Download
          BNY Mellon Global Fixed Income Fund - Investment Report Download
          BNY Mellon Global Fixed Income Fund - Presentation Download
          BNY Mellon Global Fixed Income Fund - Commentary Download
          A World of Opportunity: There Has Never Been A Time Like This For Global Fixed Income Download

          Factsheet, Prospectus and Reports

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          Factsheet Download
          Prospectus Download
          Summary Prospectus Download
          SAI Download
          Annual Report Download
          Semi Annual Report - Class A Download
          Semi Annual Financials and Other Information Download
          1Q Fiscal Holdings Download
          3Q Fiscal Holdings Download

          Investors should consider the investment objectives, risks, charges, and expenses of a mutual fund carefully before investing. Download a prospectus, or summary prospectus, if available, that contains this and other information about the fund, and read it carefully before investing.

          This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular investment, strategy, investment manager or account arrangement and should not serve as a primary basis for investment decisions.

          Please consult a legal, tax or investment professional in order to determine whether an investment product or service is appropriate for a particular situation.