BNY Mellon Corporate Bond Fund (BYMIX)
The investment seeks total return (consisting of capital appreciation and current income). The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in corporate bonds. The investment adviser uses a disciplined process to select bonds and manage risk. It normally invests at least 80% of its 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 the investment adviser, with at least 65% of such investment grade bonds issued by corporations or the U.S. government or its agencies. The fund may invest in individual bonds of any duration.
Fund Info
| ISIN | US05569M3503 |
|---|---|
| Issuer | BNY Mellon |
| Inception Date | Mar 2, 2012 |
| Category | Corporate Bonds |
| Min. Investment | $10,000 |
| Asset Class | Bond |
Expense Ratio
The BNY Mellon Corporate Bond Fund has a high expense ratio of 0.81%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BNY Mellon Corporate Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
BNY Mellon Corporate Bond Fund had a return of -0.86% year-to-date (YTD) and 4.28% in the last 12 months. Over the past 10 years, BNY Mellon Corporate Bond Fund had an annualized return of 2.60%, while the S&P 500 had an annualized return of 10.46%, indicating that BNY Mellon Corporate Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.86% | 5.84% |
| 1 month | -1.62% | -2.98% |
| 6 months | 6.27% | 22.02% |
| 1 year | 4.28% | 24.47% |
| 5 years (annualized) | 1.82% | 11.44% |
| 10 years (annualized) | 2.60% | 10.46% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.64% | -0.79% | 1.13% | |||||||||
| 2023 | -1.34% | -1.08% | 3.95% | 3.25% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
BNY Mellon Corporate Bond Fund(BYMIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BNY Mellon Corporate Bond Fund (BYMIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BNY Mellon Corporate Bond Fund granted a 3.65% dividend yield in the last twelve months. The annual payout for that period amounted to $0.43 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.43 | $0.43 | $0.40 | $0.48 | $0.44 | $0.44 | $0.45 | $0.45 | $0.43 | $0.39 | $0.37 | $0.36 |
Dividend yield | 3.65% | 3.54% | 3.46% | 3.57% | 3.13% | 3.33% | 3.63% | 3.51% | 3.38% | 3.13% | 2.91% | 2.89% |
Monthly Dividends
The table displays the monthly dividend distributions for BNY Mellon Corporate Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | |||||||||
| 2023 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.05 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 |
| 2021 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.11 |
| 2020 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.05 |
| 2019 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.05 |
| 2018 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.05 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the BNY Mellon Corporate Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BNY Mellon Corporate Bond Fund was 17.02%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current BNY Mellon Corporate Bond Fund drawdown is 6.21%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.02% | Aug 4, 2021 | 307 | Oct 20, 2022 | — | — | — |
| -13% | Mar 6, 2020 | 12 | Mar 23, 2020 | 82 | Jul 20, 2020 | 94 |
| -5.22% | May 3, 2013 | 87 | Sep 5, 2013 | 150 | Apr 10, 2014 | 237 |
| -2.99% | Nov 7, 2017 | 131 | May 16, 2018 | 178 | Jan 31, 2019 | 309 |
| -2.92% | Apr 20, 2015 | 169 | Dec 16, 2015 | 69 | Mar 29, 2016 | 238 |
Volatility
Volatility Chart
The current BNY Mellon Corporate Bond Fund volatility is 1.36%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.