BNY Mellon Yield Enhancement Strategy Fund
- TICKER DABMX
- Fund Code 6327
- CUSIP 05588L607
- SHARE CLASS
-
Literature Download
Why invest in this Fund?
Morningstar Rating™ as of February 28, 2023 for the Class A class shares; other classes may have different performance characteristics. Overall rating for the Multisector Bond category. Fund ratings are out of 5 Stars: Overall 3 Stars (289 funds rated); 3 Yrs. 3 Stars (289 funds rated); 5 Yrs. 3 Stars (253 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
-
Anthony Mastrocola
Portfolio Manager,
Since June 2022
-
Lisa M Sampson
Portfolio Manager,
Since June 2022
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 Yield Enhancement Strategy Fund
DABMX |
-2.91 | -2.76 | -9.15 | -2.44 | 0.37 | - | 1.57 |
Bloomberg U.S. Aggregate Bond Index
|
-0.04 | 0.41 | -9.72 | -3.77 | 0.53 | 1.12 | - |
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 Yield Enhancement Strategy Fund
DABMX |
-1.06 | -13.48 | -13.48 | -2.70 | -0.03 | - | 1.39 |
Bloomberg U.S. Aggregate Bond Index
|
1.87 | -13.01 | -13.01 | -2.71 | 0.02 | 1.06 | - |
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.
Growth of $10,000 Investment
Historical Performance
Monthly
Yearly
Prospectus Fee Table Expense Ratios
As of 03/01/23 Fee Description | Expense Ratio (%) |
---|---|
Service Fee | 0.25% |
Other Expenses | 0.35% |
Acquired Fund Fees & Expenses | 0.68% |
Total Expenses | 1.28% |
Sales Charge
Portfolio Manager/Sub-Investment Adviser
Asset Allocation
Daily Statistics
As of 03/27/23 Name |
30-Day Sec Yield (WITHOUT WAIVER) |
30-Day Sec Yield (WITH WAIVER) |
NAV | Change |
04/04/22 12 Month High Nav |
10/24/22 12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|---|---|
DABMX
|
- | - | $10.81 |
$0.00
0.00%
|
$11.66 | $10.46 | 1.92% |
Performance Metrics
Overall Morningstar Rating
MORNINGSTAR CATEGORY Multisector Bond
Morningstar Rating™ as of 02/28/23 for the Class A shares; other classes may have different performance
characteristics. Overall rating for the Multisector Bond. Fund ratings are out of 5 Stars: Overall
3 Stars (289 funds rated); 3 Yrs.
3 Stars (289 funds rated); 5 Yrs.
3 Stars (253 funds rated); 10 Yrs.
Stars (154 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
67 out of 98 -
3 Year
57 out of 93 -
5 Year
42 out of 82 -
10 Year
out of
LIPPER CLASSIFICATION Alternative Credit Focus Funds
Main Risks
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.
Municipal income may be subjectto state and local taxes. Some income may be subject to the federal alternative minimum tax for certain investors. Capital gains, if any, are taxable.
Mortgage 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 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.
Investing in foreign denominated and/or domiciled securitiesinvolves 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 aregreater with emerging market countries.
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.
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 |
---|---|---|---|---|---|
DABMX
|
8.23 | 2.59 | 0.90 | 44.62 | -0.20 |
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
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.
Dreyfus Yield Enhancement Strategy Fund has historically invested about 25% in Tax Exempt funds. The income received from those investments would be tax exempt to the fund and will be reported as tax exempt when distributed to its shareholders. At year end, the amount of taxable and tax exempt income will be reported to the fund shareholders on Form 1099-DIV.
Month/Year | Dividend ($) |
---|---|
03/2023 | 0.033500000 |
02/2023 | 0.032300000 |
12/2022 | 0.193999990 |
11/2022 | 0.045900000 |
10/2022 | 0.030500000 |
09/2022 | 0.027600000 |
08/2022 | 0.036400000 |
07/2022 | 0.027000000 |
06/2022 | 0.023800000 |
05/2022 | 0.028800000 |
04/2022 | 0.024600000 |
03/2022 | 0.021900000 |
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 |
---|---|---|---|---|---|---|---|---|---|
03/01/23 | 03/02/23 | 03/02/23 | 0.0335 | 0.0000 | - | 0.0000 | 0.0000 | 0.0335 | 10.77 |
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 |
---|---|---|---|---|---|---|---|---|---|
02/01/23 | 02/02/23 | 02/02/23 | 0.0323 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0323 | - |
12/29/22 | 12/30/22 | 12/30/22 | 0.1626 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.1626 | - |
12/01/22 | 12/02/22 | 12/02/22 | 0.0314 | 0.0000 | - | 0.0000 | 0.0000 | 0.0314 | - |
11/01/22 | 11/02/22 | 11/02/22 | 0.0459 | 0.0000 | - | 0.0000 | 0.0000 | 0.0459 | - |
10/03/22 | 10/04/22 | 10/04/22 | 0.0305 | 0.0000 | - | 0.0000 | 0.0000 | 0.0305 | - |
09/01/22 | 09/02/22 | 09/02/22 | 0.0276 | 0.0000 | - | 0.0000 | 0.0000 | 0.0276 | - |
08/01/22 | 08/02/22 | 08/02/22 | 0.0364 | 0.0000 | - | 0.0000 | 0.0000 | 0.0364 | - |
07/01/22 | 07/05/22 | 07/05/22 | 0.0270 | 0.0000 | - | 0.0000 | 0.0000 | 0.0270 | - |
06/01/22 | 06/02/22 | 06/02/22 | 0.0238 | 0.0000 | - | 0.0000 | 0.0000 | 0.0238 | - |
05/02/22 | 05/03/22 | 05/03/22 | 0.0288 | 0.0000 | - | 0.0000 | 0.0000 | 0.0288 | - |
04/01/22 | 04/04/22 | 04/04/22 | 0.0246 | 0.0000 | - | 0.0000 | 0.0000 | 0.0246 | - |
03/01/22 | 03/02/22 | 03/02/22 | 0.0219 | 0.0000 | - | 0.0000 | 0.0000 | 0.0219 | - |
See all rows... |
Literature
Factsheet, Prospectus and Reports
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