BNY Mellon U.S. Mortgage Fund (DRGMX)
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 U.S. mortgage-related securities. It will invest at least 65% of its net assets in Ginnie Maes. The fund can invest in privately issued mortgage-backed securities with a "BBB" or higher credit quality, but currently the advisor intends to invest in only those securities with an "A" or higher credit quality. It is not subject to any maturity or duration restrictions.
Fund Info
US05588P1030
05588P103
May 28, 1985
$1,000
Expense Ratio
DRGMX has an expense ratio of 0.68%, placing it in 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 U.S. Mortgage 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 U.S. Mortgage Fund had a return of 2.36% year-to-date (YTD) and 6.98% in the last 12 months. Over the past 10 years, BNY Mellon U.S. Mortgage Fund had an annualized return of 0.65%, while the S&P 500 had an annualized return of 10.21%, indicating that BNY Mellon U.S. Mortgage Fund did not perform as well as the benchmark.
DRGMX
2.36%
0.00%
1.89%
6.98%
-0.68%
0.65%
^GSPC (Benchmark)
-5.45%
-0.36%
-4.66%
8.69%
13.87%
10.21%
Monthly Returns
The table below presents the monthly returns of DRGMX, 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 | 0.71% | 2.09% | -0.44% | 0.00% | 2.36% | ||||||||
| 2024 | -0.08% | -1.28% | 0.96% | -2.46% | 1.80% | 1.14% | 2.39% | 1.48% | 1.09% | -2.67% | 1.12% | -1.33% | 2.03% |
| 2023 | 3.12% | -2.41% | 2.07% | 0.61% | -0.79% | -0.57% | 0.00% | -0.48% | -2.57% | -1.83% | 4.21% | 3.68% | 4.85% |
| 2022 | -0.90% | -0.62% | -2.72% | -2.92% | 0.67% | -1.41% | 2.73% | -3.09% | -4.55% | -1.56% | 3.48% | -1.02% | -11.56% |
| 2021 | 0.20% | -0.20% | 0.07% | 0.15% | -0.22% | -0.29% | -0.16% | -0.16% | -0.16% | -0.44% | 0.03% | -0.36% | -1.53% |
| 2020 | 0.74% | 0.84% | 0.10% | 0.66% | 0.45% | 0.05% | -0.10% | -0.03% | 0.14% | 0.19% | 0.43% | 0.25% | 3.79% |
| 2019 | 0.69% | -0.05% | 1.22% | -0.03% | 1.17% | 0.70% | 0.38% | 1.09% | 0.06% | 0.21% | -0.12% | 0.02% | 5.45% |
| 2018 | -0.95% | -0.60% | 0.39% | -0.45% | 0.38% | 0.04% | -0.02% | 0.45% | -0.51% | -0.38% | 0.61% | 1.27% | 0.21% |
| 2017 | -0.13% | 0.43% | -0.09% | 0.38% | 0.43% | -0.35% | 0.31% | 0.44% | -0.27% | -0.07% | -0.22% | 0.16% | 1.02% |
| 2016 | 0.99% | 0.28% | 0.36% | 0.17% | 0.10% | 0.65% | 0.30% | -0.02% | 0.30% | -0.21% | -1.61% | -0.25% | 1.05% |
| 2015 | 0.46% | 0.06% | 0.32% | 0.25% | -0.17% | -0.76% | 0.42% | -0.10% | 0.43% | 0.10% | -0.10% | -0.01% | 0.90% |
| 2014 | 1.67% | 0.30% | -0.63% | 0.83% | 0.89% | 0.26% | -0.54% | 0.64% | -0.30% | 0.86% | 0.40% | -0.07% | 4.38% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DRGMX is 71, indicating average performance compared to other mutual funds on our website. Here’s 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 U.S. Mortgage Fund (DRGMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BNY Mellon U.S. Mortgage Fund provided a 2.84% dividend yield over the last twelve months, with an annual payout of $0.36 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 | $0.36 | $0.39 | $0.35 | $0.29 | $0.43 | $0.37 | $0.37 | $0.32 | $0.34 | $0.32 | $0.30 | $0.29 |
Dividend yield | 2.84% | 3.06% | 2.78% | 2.35% | 3.01% | 2.46% | 2.51% | 2.18% | 2.31% | 2.15% | 1.96% | 1.89% |
Monthly Dividends
The table displays the monthly dividend distributions for BNY Mellon U.S. Mortgage 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 | $0.00 | $0.03 | $0.03 | $0.00 | $0.07 | ||||||||
| 2024 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.39 |
| 2023 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.35 |
| 2022 | $0.00 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.06 | $0.29 |
| 2021 | $0.00 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.09 | $0.43 |
| 2020 | $0.00 | $0.03 | $0.02 | $0.01 | $0.02 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.13 | $0.37 |
| 2019 | $0.00 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.37 |
| 2018 | $0.00 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.32 |
| 2017 | $0.00 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.34 |
| 2016 | $0.00 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.06 | $0.32 |
| 2015 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.30 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.04 | $0.29 |
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 U.S. Mortgage 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 U.S. Mortgage Fund was 16.53%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current BNY Mellon U.S. Mortgage Fund drawdown is 5.01%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.53% | Feb 5, 2021 | 681 | Oct 19, 2023 | — | — | — |
| -12.06% | Mar 20, 1987 | 523 | Mar 21, 1989 | 821 | May 13, 1992 | 1344 |
| -5.2% | Jan 31, 1994 | 71 | May 9, 1994 | 222 | Mar 14, 1995 | 293 |
| -4.97% | May 1, 2013 | 89 | Sep 5, 2013 | 181 | May 27, 2014 | 270 |
| -3.87% | May 16, 1986 | 14 | Jun 4, 1986 | 34 | Jul 22, 1986 | 48 |
Volatility
Volatility Chart
The current BNY Mellon U.S. Mortgage Fund volatility is 1.03%, 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.