BNY Mellon Floating Rate Income Fund (DFLYX)
The investment seeks high current income. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in floating rate loans and other floating rate securities. These investments effectively should enable the fund to achieve a floating rate of income. The fund's subadviser normally will focus on senior secured floating rate loans, which are loans secured by specific collateral of the borrower and are senior to most other securities of the borrower (e.g., common stock or debt instruments) in the event of bankruptcy.
Expense Ratio
DFLYX features an expense ratio of 0.73%, 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 Floating Rate Income 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 Floating Rate Income Fund had a return of 8.18% year-to-date (YTD) and 8.67% in the last 12 months. Over the past 10 years, BNY Mellon Floating Rate Income Fund had an annualized return of 4.42%, while the S&P 500 had an annualized return of 11.06%, indicating that BNY Mellon Floating Rate Income Fund did not perform as well as the benchmark.
DFLYX
8.18%
-0.63%
3.50%
8.67%
5.50%
4.42%
^GSPC (Benchmark)
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
Monthly Returns
The table below presents the monthly returns of DFLYX, 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 | 0.63% | 0.94% | 0.83% | 0.57% | 1.13% | 0.42% | 0.92% | 0.84% | 0.69% | 0.82% | 1.07% | 8.18% | |
| 2023 | 2.72% | 0.29% | 0.04% | 0.94% | -0.34% | 2.26% | 1.12% | 1.41% | 0.60% | -0.08% | 1.71% | 1.93% | 13.29% |
| 2022 | 0.26% | -0.64% | 0.04% | -0.04% | -2.46% | -2.53% | 2.32% | 1.46% | -2.31% | 1.15% | 1.18% | 0.55% | -1.15% |
| 2021 | 0.97% | 0.57% | 0.03% | 0.68% | 0.50% | 0.50% | -0.11% | 0.34% | 0.53% | 0.17% | -0.11% | 0.66% | 4.85% |
| 2020 | 0.43% | -1.64% | -11.96% | 4.47% | 4.41% | 1.01% | 2.14% | 1.09% | 0.38% | 0.00% | 2.06% | 1.28% | 2.65% |
| 2019 | 1.93% | 1.56% | -0.26% | 1.53% | -0.24% | -0.01% | 0.88% | -0.54% | 0.66% | -0.75% | 0.45% | 1.76% | 7.15% |
| 2018 | 0.83% | 0.07% | 0.08% | 0.36% | 0.11% | -0.05% | 0.55% | 0.39% | 0.55% | -0.05% | -0.94% | -2.45% | -0.58% |
| 2017 | 0.41% | 0.44% | 0.03% | 0.31% | 0.39% | -0.01% | 0.74% | -0.08% | 0.36% | 0.45% | 0.07% | 0.31% | 3.48% |
| 2016 | -1.11% | -0.83% | 2.81% | 1.65% | 0.71% | 0.03% | 1.28% | 0.59% | 0.59% | 0.51% | 0.26% | 0.83% | 7.51% |
| 2015 | 0.24% | 1.42% | 0.27% | 0.84% | 0.34% | -0.29% | 0.13% | -0.68% | -0.69% | 0.21% | -1.28% | -0.77% | -0.29% |
| 2014 | 0.48% | 0.26% | 0.17% | 0.09% | 0.44% | 0.46% | -0.10% | 0.31% | -0.55% | 0.50% | 0.26% | -1.05% | 1.28% |
| 2013 | -0.16% | 0.64% | 0.44% | 0.49% | 1.41% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 99, DFLYX is among the top 1% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BNY Mellon Floating Rate Income Fund (DFLYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BNY Mellon Floating Rate Income Fund provided a 7.50% dividend yield over the last twelve months, with an annual payout of $0.83 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.83 | $0.97 | $0.58 | $0.48 | $0.53 | $0.64 | $0.59 | $0.45 | $0.50 | $0.55 | $0.46 | $0.08 |
Dividend yield | 7.50% | 8.78% | 5.48% | 4.22% | 4.66% | 5.54% | 5.19% | 3.77% | 4.14% | 4.65% | 3.76% | 0.60% |
Monthly Dividends
The table displays the monthly dividend distributions for BNY Mellon Floating Rate Income 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 | $0.08 | $0.08 | $0.08 | $0.09 | $0.09 | $0.08 | $0.08 | $0.09 | $0.08 | $0.08 | $0.00 | $0.83 |
| 2023 | $0.00 | $0.06 | $0.06 | $0.07 | $0.07 | $0.08 | $0.08 | $0.08 | $0.09 | $0.08 | $0.09 | $0.20 | $0.97 |
| 2022 | $0.00 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.06 | $0.18 | $0.58 |
| 2021 | $0.00 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.11 | $0.48 |
| 2020 | $0.00 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.10 | $0.53 |
| 2019 | $0.00 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.05 | $0.05 | $0.12 | $0.64 |
| 2018 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.15 | $0.59 |
| 2017 | $0.00 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.02 | $0.04 | $0.09 | $0.45 |
| 2016 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.50 |
| 2015 | $0.00 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.10 | $0.55 |
| 2014 | $0.00 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.09 | $0.46 |
| 2013 | $0.02 | $0.06 | $0.08 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the BNY Mellon Floating Rate Income 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 Floating Rate Income Fund was 18.82%, occurring on Mar 24, 2020. Recovery took 160 trading sessions.
The current BNY Mellon Floating Rate Income Fund drawdown is 0.98%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.82% | Jan 27, 2020 | 41 | Mar 24, 2020 | 160 | Nov 9, 2020 | 201 |
| -6.28% | Jan 21, 2022 | 114 | Jul 6, 2022 | 134 | Jan 17, 2023 | 248 |
| -5.69% | Jul 21, 2015 | 151 | Feb 24, 2016 | 94 | Jul 8, 2016 | 245 |
| -3.77% | Oct 25, 2018 | 46 | Jan 2, 2019 | 65 | Apr 5, 2019 | 111 |
| -1.98% | Dec 1, 2014 | 12 | Dec 16, 2014 | 41 | Feb 17, 2015 | 53 |
Volatility
Volatility Chart
The current BNY Mellon Floating Rate Income Fund volatility is 1.01%, 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.