BNY Mellon Yield Enhancement Strategy Fund (DABKX)
The fund normally allocates its assets across fixed-income investment strategies. It is designed to complement and diversify traditional bond portfolios. The fund normally allocates its assets among other investment companies (the underlying funds) that employ various fixed-income investment strategies, including those focusing on domestic and foreign corporate bonds, high yield securities ("junk" bonds), senior loans, emerging markets debt, municipal securities and Treasury and other inflation-protected securities (TIPS).
Fund Info
| ISIN | US05588L8054 |
|---|---|
| Issuer | Dreyfus |
| Inception Date | Mar 6, 2014 |
| Category | Multisector Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
DABKX features an expense ratio of 0.12%, falling within the medium range.
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 Yield Enhancement Strategy 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 Yield Enhancement Strategy Fund had a return of 1.69% year-to-date (YTD) and 7.58% in the last 12 months. Over the past 10 years, BNY Mellon Yield Enhancement Strategy Fund had an annualized return of 3.03%, while the S&P 500 had an annualized return of 10.67%, indicating that BNY Mellon Yield Enhancement Strategy Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.69% | 9.49% |
| 1 month | 0.69% | 1.20% |
| 6 months | 6.81% | 18.29% |
| 1 year | 7.58% | 26.44% |
| 5 years (annualized) | 2.66% | 12.64% |
| 10 years (annualized) | 3.03% | 10.67% |
Monthly Returns
The table below presents the monthly returns of DABKX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.18% | 0.43% | 0.86% | -0.75% | 1.69% | ||||||||
| 2023 | 3.18% | -1.30% | 0.90% | 0.57% | -0.64% | 1.23% | 0.88% | -0.24% | -1.24% | -0.98% | 4.12% | 2.74% | 9.44% |
| 2022 | -1.87% | -1.14% | -1.79% | -2.58% | -0.14% | -3.65% | 3.14% | -1.08% | -3.70% | 0.33% | 3.53% | -0.07% | -8.92% |
| 2021 | 0.64% | -0.79% | 0.22% | 1.07% | 0.51% | 0.64% | 0.39% | -0.06% | -0.48% | -0.32% | 0.02% | 0.68% | 2.54% |
| 2020 | 1.14% | -0.02% | -9.11% | 1.31% | 3.71% | 1.73% | 2.81% | 0.73% | -0.24% | 0.29% | 2.76% | 1.65% | 6.33% |
| 2019 | 1.79% | 1.15% | 0.96% | 0.97% | 0.36% | 0.88% | 0.68% | 0.76% | -0.17% | -0.29% | 0.26% | 0.83% | 8.48% |
| 2018 | 0.24% | -0.39% | -0.11% | 0.16% | 0.34% | 0.08% | 0.73% | 0.30% | 0.15% | -0.64% | -0.33% | -0.62% | -0.08% |
| 2017 | 0.74% | 0.84% | 0.05% | 0.72% | 0.86% | 0.00% | 0.95% | 0.52% | 0.11% | 0.36% | -0.17% | 0.50% | 5.61% |
| 2016 | -0.76% | -0.06% | 2.30% | 1.59% | 0.48% | 0.90% | 1.06% | 0.99% | 0.16% | -0.16% | -1.62% | 1.06% | 6.05% |
| 2015 | 1.04% | 0.43% | 0.22% | 0.24% | 0.00% | -0.88% | 0.09% | -0.84% | -0.82% | 1.26% | -0.62% | -0.74% | -0.65% |
| 2014 | 0.24% | 0.80% | 0.79% | 0.24% | -0.28% | 0.88% | -0.57% | 0.66% | 0.00% | -0.40% | 2.38% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of DABKX is 85, placing it in the top 15% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
DABKX (BNY Mellon Yield Enhancement Strategy Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BNY Mellon Yield Enhancement Strategy Fund (DABKX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BNY Mellon Yield Enhancement Strategy Fund granted a 5.05% dividend yield in the last twelve months. The annual payout for that period amounted to $0.56 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.56 | $0.53 | $0.53 | $0.40 | $0.63 | $0.43 | $0.54 | $0.49 | $0.50 | $0.52 | $0.30 |
Dividend yield | 5.05% | 4.79% | 4.99% | 3.27% | 5.10% | 3.46% | 4.61% | 3.99% | 4.13% | 4.33% | 2.38% |
Monthly Dividends
The table displays the monthly dividend distributions for BNY Mellon Yield Enhancement Strategy 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.05 | $0.05 | $0.05 | $0.05 | $0.19 | |||||||
| 2023 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.11 | $0.53 |
| 2022 | $0.00 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.05 | $0.20 | $0.53 |
| 2021 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.09 | $0.40 |
| 2020 | $0.00 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.06 | $0.09 | $0.03 | $0.07 | $0.08 | $0.12 | $0.63 |
| 2019 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.09 | $0.43 |
| 2018 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.03 | $0.02 | $0.17 | $0.54 |
| 2017 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.07 | $0.01 | $0.03 | $0.04 | $0.11 | $0.49 |
| 2016 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.10 | $0.50 |
| 2015 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.10 | $0.52 |
| 2014 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.07 | $0.30 |
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 Yield Enhancement Strategy 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 Yield Enhancement Strategy Fund was 15.55%, occurring on Mar 23, 2020. Recovery took 113 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.55% | Feb 26, 2020 | 19 | Mar 23, 2020 | 113 | Sep 1, 2020 | 132 |
| -13.02% | Sep 17, 2021 | 278 | Oct 24, 2022 | 338 | Feb 29, 2024 | 616 |
| -4.7% | Apr 28, 2015 | 201 | Feb 11, 2016 | 53 | Apr 28, 2016 | 254 |
| -2.09% | Oct 26, 2016 | 26 | Dec 1, 2016 | 43 | Feb 3, 2017 | 69 |
| -1.75% | Oct 3, 2018 | 58 | Dec 26, 2018 | 24 | Jan 31, 2019 | 82 |
Volatility
Volatility Chart
The current BNY Mellon Yield Enhancement Strategy Fund volatility is 0.85%, 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.