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Trending ETFs

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$12.11

$422 M

3.86%

$0.47

0.58%

Vitals

YTD Return

2.4%

1 yr return

8.7%

3 Yr Avg Return

-0.4%

5 Yr Avg Return

2.3%

Net Assets

$422 M

Holdings in Top 10

15.6%

52 WEEK LOW AND HIGH

$12.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.58%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 18.34%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$10,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$12.11

$422 M

3.86%

$0.47

0.58%

BYMMX - Profile

Distributions

  • YTD Total Return 2.4%
  • 3 Yr Annualized Total Return -0.4%
  • 5 Yr Annualized Total Return 2.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.10%
DIVIDENDS
  • Dividend Yield 3.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BNY Mellon Corporate Bond Fund
  • Fund Family Name
    BNY Mellon Funds
  • Inception Date
    Mar 02, 2012
  • Shares Outstanding
    N/A
  • Share Class
    M
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Flahive

Fund Description

To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in corporate bonds. The fund's portfolio manager uses a disciplined process to select bonds and manage risk. The process includes computer modeling and scenario testing of possible changes in market conditions. The fund's portfolio manager will use other techniques in an attempt to manage market risk and duration.

The fund's portfolio manager actively manages the fund's bond market and maturity exposure and credit profile. The fund normally invests at least 80% of its net assets in bonds rated investment grade (i.e., Baa/BBB or higher) at the time of purchase or, if unrated, deemed of comparable quality by BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser), with at least 65% of such investment grade bonds issued by corporations or the U.S. government or its agencies. Generally, the average effective duration of the fund's portfolio will not exceed eight years. The fund may

invest in individual bonds of any duration. There are no restrictions on the dollar-weighted average maturity of the fund's portfolio or on the maturities of the individual bonds the fund may purchase. A bond's maturity is the length of time until the principal must be fully repaid with interest. Dollar-weighted average maturity is an average of the stated maturities of the securities held by the fund, based on their dollar-weighted proportions in the fund. Duration is an indication of an investment's "interest rate risk," or how sensitive a bond or the fund's portfolio may be to changes in interest rates.

In selecting corporate bonds for investment, the fund's portfolio manager analyzes fundamental metrics, including the issuer's cash flow, leverage and operating margins, as well as its business strategy and operating performance, and macro economic factors.

The fund typically sells a security when the fund's portfolio manager believes that there has been a negative change in the credit quality of the issuer or has identified a more attractive opportunity or when the portfolio manager seeks to manage the fund's duration or tax position or to provide liquidity to meet shareholder redemptions.

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BYMMX - Performance

Return Ranking - Trailing

Period BYMMX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -1.9% 3.8% 1.14%
1 Yr 8.7% 0.4% 8.5% 0.57%
3 Yr -0.4%* -10.1% 39.9% 5.14%
5 Yr 2.3%* -7.2% 26.2% 6.25%
10 Yr 3.1%* -0.1% 14.1% 8.00%

* Annualized

Return Ranking - Calendar

Period BYMMX Return Category Return Low Category Return High Rank in Category (%)
2023 4.9% -5.6% 6.3% 18.75%
2022 -14.7% -28.7% 142.1% 9.14%
2021 -3.6% -12.3% 4.9% 22.09%
2020 4.5% -8.0% 10.6% 70.24%
2019 8.4% 4.3% 13.4% 86.08%

Total Return Ranking - Trailing

Period BYMMX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -1.9% 3.8% 1.14%
1 Yr 8.7% 0.4% 8.5% 0.57%
3 Yr -0.4%* -10.1% 39.9% 5.14%
5 Yr 2.3%* -7.2% 26.2% 6.25%
10 Yr 3.1%* -0.1% 14.1% 8.00%

* Annualized

Total Return Ranking - Calendar

Period BYMMX Return Category Return Low Category Return High Rank in Category (%)
2023 9.1% -5.6% 12.9% 19.89%
2022 -11.6% -25.6% 151.8% 8.57%
2021 0.1% -5.1% 7.5% 24.42%
2020 8.2% -8.0% 116.0% 79.76%
2019 12.4% 6.7% 17.4% 84.81%

NAV & Total Return History


BYMMX - Holdings

Concentration Analysis

BYMMX Category Low Category High BYMMX % Rank
Net Assets 422 M 5.45 M 47.3 B 63.64%
Number of Holdings 159 4 10179 94.89%
Net Assets in Top 10 65.8 M -29.6 M 3.67 B 61.36%
Weighting of Top 10 15.58% 1.5% 143.5% 38.64%

Top 10 Holdings

  1. DREYFUS INSTITUTIONAL PREFERRED PL 5.48%
  2. Dreyfus Institutional Preferred Government Plus Money Market Fund 1.55%
  3. UNITED AIRLINES 2016-2 CLASS A PASS THROUGH TRUST 1.27%
  4. MT BANK CORP 1.13%
  5. DEUTSCHE BANK AG/NEW YORK NY 1.10%
  6. CITIZENS FINANCIAL GROUP INC 1.06%
  7. ARES CAPITAL CORP 1.04%
  8. BLACKSTONE SECURED LENDING FUND 1.03%
  9. UBS GROUP AG 0.99%
  10. JPMORGAN CHASE CO 0.94%

Asset Allocation

Weighting Return Low Return High BYMMX % Rank
Bonds
96.68% 0.00% 136.47% 52.27%
Convertible Bonds
7.74% 0.00% 78.47% 6.82%
Cash
1.55% -43.80% 45.81% 69.32%
Preferred Stocks
1.08% 0.00% 9.18% 11.93%
Stocks
0.00% 0.00% 99.96% 87.50%
Other
0.00% -3.13% 12.28% 88.07%

Bond Sector Breakdown

Weighting Return Low Return High BYMMX % Rank
Corporate
90.80% 41.80% 99.80% 37.50%
Municipal
3.37% 0.00% 3.62% 2.27%
Securitized
2.42% 0.00% 23.18% 35.23%
Cash & Equivalents
1.55% 0.00% 45.81% 55.11%
Government
0.68% 0.00% 25.63% 84.09%
Derivative
0.00% -2.64% 2.35% 77.27%

Bond Geographic Breakdown

Weighting Return Low Return High BYMMX % Rank
US
96.68% 0.00% 109.87% 44.89%
Non US
0.00% 0.00% 47.05% 89.77%

BYMMX - Expenses

Operational Fees

BYMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.58% 0.02% 46.23% 61.49%
Management Fee 0.40% 0.00% 1.35% 69.32%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.02% 0.45% 83.78%

Sales Fees

BYMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

BYMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BYMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.34% 0.00% 259.00% 10.34%

BYMMX - Distributions

Dividend Yield Analysis

BYMMX Category Low Category High BYMMX % Rank
Dividend Yield 3.86% 0.00% 6.00% 67.05%

Dividend Distribution Analysis

BYMMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

BYMMX Category Low Category High BYMMX % Rank
Net Income Ratio 3.10% 0.38% 5.93% 5.17%

Capital Gain Distribution Analysis

BYMMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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BYMMX - Fund Manager Analysis

Managers

John Flahive


Start Date

Tenure

Tenure Rank

Mar 02, 2012

10.25

10.3%

John F. Flahive, CFA, has been employed by Dreyfus since November 1994. He is a senior vice president of The Bank of New York Mellon, which he joined in October 1994.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 24.76 6.74 2.41