BNY Mellon High Yield Fund (DLHRX)
The investment seeks to maximize 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 fixed-income securities that, at the time of purchase, are rated below investment grade or are the unrated equivalent as determined by the adviser. It may, but is not required to, use derivative instruments, such as options, futures and options on futures (including those relating to securities, foreign currencies, indices and interest rates), forward contracts, and swap agreements (including interest rate and credit default swap agreements).
Fund Info
| ISIN | US05588E8509 |
|---|---|
| Issuer | Dreyfus |
| Inception Date | Jun 2, 1997 |
| Category | High Yield Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
DLHRX has a high expense ratio of 0.70%, 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 High Yield 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 High Yield Fund had a return of 1.72% year-to-date (YTD) and 9.14% in the last 12 months. Over the past 10 years, BNY Mellon High Yield Fund had an annualized return of 3.43%, while the S&P 500 had an annualized return of 10.41%, indicating that BNY Mellon High Yield Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.72% | 6.17% |
| 1 month | 0.23% | -2.72% |
| 6 months | 7.39% | 17.29% |
| 1 year | 9.14% | 23.80% |
| 5 years (annualized) | 3.06% | 11.47% |
| 10 years (annualized) | 3.43% | 10.41% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.80% | 0.23% | 1.02% | -0.71% | ||||||||
| 2023 | -0.44% | 4.24% | 2.68% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of DLHRX is 89, placing it in the top 11% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
BNY Mellon High Yield Fund(DLHRX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BNY Mellon High Yield Fund (DLHRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BNY Mellon High Yield Fund granted a 7.49% dividend yield in the last twelve months. The annual payout for that period amounted to $0.40 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.38 | $0.29 | $0.32 | $0.32 | $0.34 | $0.37 | $0.36 | $0.35 | $0.40 | $0.42 | $0.43 |
Dividend yield | 7.49% | 7.05% | 5.69% | 5.16% | 5.15% | 5.55% | 6.53% | 5.72% | 5.55% | 6.80% | 6.49% | 6.40% |
Monthly Dividends
The table displays the monthly dividend distributions for BNY Mellon High Yield 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 | $0.03 | $0.03 | $0.03 | $0.03 | ||||||||
| 2023 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2022 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.01 |
| 2021 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.04 |
| 2020 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2015 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2014 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 |
| 2013 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $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 High Yield 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 High Yield Fund was 28.63%, occurring on Dec 16, 2008. Recovery took 158 trading sessions.
The current BNY Mellon High Yield Fund drawdown is 0.33%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.63% | Jun 5, 2007 | 387 | Dec 16, 2008 | 158 | Aug 4, 2009 | 545 |
| -25.35% | Sep 14, 2000 | 528 | Oct 25, 2002 | 216 | Sep 8, 2003 | 744 |
| -20.52% | Feb 21, 2020 | 22 | Mar 23, 2020 | 112 | Aug 31, 2020 | 134 |
| -15.76% | Jan 3, 2022 | 187 | Sep 29, 2022 | 360 | Mar 4, 2024 | 547 |
| -13.06% | Jun 2, 2015 | 177 | Feb 11, 2016 | 104 | Jul 12, 2016 | 281 |
Volatility
Volatility Chart
The current BNY Mellon High Yield Fund volatility is 1.41%, 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.