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
US05588E8509
Jun 2, 1997
$1,000
Expense Ratio
DLHRX has an expense ratio of 0.70%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
BNY Mellon High Yield Fund (DLHRX) returned 2.32% year-to-date (YTD) and 9.51% over the past 12 months. Over the past 10 years, DLHRX returned 4.17% annually, underperforming the S&P 500 benchmark at 10.84%.
DLHRX
2.32%
1.53%
2.72%
9.51%
6.32%
5.05%
4.17%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of DLHRX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.00% | 0.71% | -1.10% | 0.58% | 1.13% | 2.32% | |||||||
| 2024 | 0.79% | 0.23% | 0.38% | -0.07% | 1.24% | 0.95% | 1.73% | 1.57% | 1.27% | -0.49% | 1.19% | -0.23% | 8.86% |
| 2023 | 3.98% | -1.54% | 1.20% | 0.38% | -0.69% | 1.40% | 1.04% | 0.66% | -1.54% | -0.44% | 4.25% | 2.68% | 11.79% |
| 2022 | -2.53% | -1.12% | -0.92% | -3.40% | -0.23% | -7.17% | 5.80% | -2.09% | -4.10% | 2.95% | 2.09% | -0.73% | -11.45% |
| 2021 | 0.08% | 0.39% | 0.15% | 1.07% | 0.21% | 1.44% | 0.08% | 0.42% | 0.07% | -0.45% | -0.90% | 2.15% | 4.77% |
| 2020 | -0.37% | -1.73% | -10.84% | 3.87% | 4.47% | 0.68% | 4.66% | 0.77% | -1.06% | 0.44% | 3.32% | 1.60% | 4.91% |
| 2019 | 4.94% | 1.80% | 0.80% | 1.49% | -1.31% | 2.29% | 0.84% | 0.46% | 0.48% | 0.13% | 0.26% | 1.95% | 14.93% |
| 2018 | 0.49% | -0.84% | -0.82% | 0.83% | -0.30% | 0.31% | 1.02% | 0.67% | 0.46% | -1.90% | -1.00% | -2.71% | -3.79% |
| 2017 | 1.31% | 1.25% | -0.14% | 1.23% | 0.67% | 0.16% | 1.13% | -0.14% | 0.92% | 0.49% | -0.17% | 0.86% | 7.80% |
| 2016 | -1.87% | 0.04% | 4.23% | 3.02% | 0.50% | 0.48% | 2.11% | 1.80% | 0.46% | 0.29% | -0.21% | 1.75% | 13.21% |
| 2015 | 0.69% | 2.18% | -0.07% | 1.27% | 0.32% | -1.44% | -0.10% | -1.98% | -2.53% | 2.68% | -2.21% | -2.59% | -3.91% |
| 2014 | 0.68% | 1.96% | 0.22% | 0.63% | 0.80% | 0.79% | -1.52% | 1.56% | -2.15% | 1.13% | -0.73% | -1.59% | 1.70% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 94, DLHRX is among the top 6% 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 High Yield Fund (DLHRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
BNY Mellon High Yield Fund provided a 7.18% dividend yield over the last twelve months, with an annual payout of $0.39 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.39 | $0.38 | $0.29 | $0.32 | $0.32 | $0.34 | $0.37 | $0.39 | $0.35 | $0.40 | $0.42 |
Dividend yield | 7.18% | 7.31% | 7.07% | 5.73% | 5.15% | 5.17% | 5.56% | 6.53% | 6.24% | 5.55% | 6.80% | 6.50% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.12 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.39 |
| 2023 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.38 |
| 2022 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.01 | $0.29 |
| 2021 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.04 | $0.32 |
| 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 | $0.32 |
| 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 | $0.34 |
| 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 | $0.37 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.39 |
| 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 | $0.35 |
| 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 | $0.40 |
| 2014 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.05 | $0.42 |
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.
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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.
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 |
| -15.74% | 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 chart below shows the rolling one-month volatility.
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