BNY Mellon Floating Rate Income Fund (DFLYX)

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BNY Mellon Floating Rate Income Fund (DFLYX) is up 1.9% since the beginning of the year. DFLYX is currently trading at $11 per share. Investors who bought $1,000 worth of DFLYX shares 5 years ago would now be looking at an investment worth $1,335.

BNY Mellon Floating Rate Income Fund (DFLYX) has returned 1.90% so far this year and 4.77% over the past 12 months. Over the last ten years, DFLYX has returned 4.96% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 2, 2014, DFLYX's average daily return is +0.02%, while the average monthly return is +0.36%. At this rate, an investment would double in approximately 16.1 years.

Historically, 75% of months were positive and 25% were negative. The best month was Apr 2020 with a return of +4.5%, while the worst month was Mar 2020 at -12.0%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 4 months.

On a daily basis, DFLYX closed higher 37% of trading days. The best single day was Mar 26, 2020 with a return of +2.6%, while the worst single day was Mar 18, 2020 at -3.1%.

BNY Mellon Floating Rate Income Fund has an annualized alpha of 3.48%, beta of 0.07, and R2 of 0.17 versus S&P 500 Index. Calculated based on daily prices since January 02, 2014.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (18.86%) than losses (12.31%) - typical of diversified or defensive assets.
• Beta of 0.07 may look defensive, but with R2 of 0.17 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.17 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

DFLYX has an expense ratio of 0.73%, placing it in the medium range.

DFLYX ranks 82 for risk / return — in the top 82% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

BNY Mellon Floating Rate Income Fund provided a 7.81% dividend yield over the last twelve months, with an annual payout of $0.84 per share.

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.

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.

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 18.83%, occurring on Mar 24, 2020. Recovery took 160 trading sessions.

The chart below shows the rolling one-month volatility.