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.
Fund Info
ISIN | US05589K4004 |
---|---|
Issuer | Dreyfus |
Inception Date | Sep 26, 2013 |
Category | Bank Loan |
Min. Investment | $1,000,000 |
Asset Class | Bond |
Expense Ratio
DFLYX has a high expense ratio of 0.73%, 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 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 3.53% year-to-date (YTD) and 12.83% in the last 12 months. Over the past 10 years, BNY Mellon Floating Rate Income Fund had an annualized return of 3.99%, while the S&P 500 had an annualized return of 10.71%, indicating that BNY Mellon Floating Rate Income Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 3.53% | 8.76% |
1 month | 0.95% | -0.28% |
6 months | 6.59% | 18.36% |
1 year | 12.83% | 25.94% |
5 years (annualized) | 5.01% | 12.51% |
10 years (annualized) | 3.99% | 10.71% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.63% | 0.94% | 0.83% | 0.58% | ||||||||
2023 | -0.08% | 1.71% | 1.92% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of DFLYX is 100, placing it in the top 0% 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.
DFLYX (BNY Mellon Floating Rate Income Fund)
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 granted a 9.32% dividend yield in the last twelve months. The annual payout for that period amounted to $1.03 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $1.03 | $0.97 | $0.58 | $0.48 | $0.53 | $0.64 | $0.59 | $0.45 | $0.50 | $0.55 | $0.48 | $0.08 |
Dividend yield | 9.32% | 8.78% | 5.49% | 4.22% | 4.66% | 5.54% | 5.19% | 3.77% | 4.14% | 4.65% | 3.90% | 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.08 | $0.08 | $0.08 | ||||||||
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 |
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 |
2021 | $0.00 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.10 |
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 |
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 |
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 |
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 |
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 |
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 |
2014 | $0.00 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.11 |
2013 | $0.02 | $0.06 |
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 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.
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 | 39 | Feb 12, 2015 | 51 |
Volatility
Volatility Chart
The current BNY Mellon Floating Rate Income Fund volatility is 0.24%, 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.