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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$5.34

$584 M

7.19%

$0.38

0.71%

Vitals

YTD Return

1.4%

1 yr return

12.0%

3 Yr Avg Return

1.6%

5 Yr Avg Return

3.4%

Net Assets

$584 M

Holdings in Top 10

15.6%

52 WEEK LOW AND HIGH

$5.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.71%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 101.26%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$5.34

$584 M

7.19%

$0.38

0.71%

DLHRX - Profile

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return 3.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.67%
DIVIDENDS
  • Dividend Yield 7.2%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    BNY Mellon High Yield Fund
  • Fund Family Name
    Dreyfus
  • Inception Date
    Jul 07, 1999
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Chris Barris

Fund Description

To pursue its goal, 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 ("high yield" or "junk" bonds) or are the unrated equivalent as determined by Alcentra NY, LLC, the fund's sub-adviser. The fund's portfolio may include various types of fixed-income securities, such as corporate bonds and notes, mortgage-related securities, asset-backed securities, floating rate loans (limited to up to 20% of the fund's net assets) and other floating rate securities, zero coupon securities, convertible securities, preferred stock and other debt instruments of U.S. and foreign issuers.

In choosing securities for the fund, the fund's sub-adviser seeks to capture the higher yields offered by junk bonds, while managing credit risk and the volatility caused by interest rate movements. The fund's investment process involves a "top down" approach to security selection. The sub-adviser looks at a variety of factors when assessing a potential investment, including the state of the industry or sector, the company's financial strength, and the company's management. The sub-adviser also looks for companies that are underleveraged, have positive free cash flow, and are self-financing. There are no restrictions on the dollar-weighted average maturity or average effective duration of the fund's portfolio or on the maturities or durations of the individual fixed-income securities the fund may purchase. A bond's maturity is the length of time until the principal must be fully repaid with interest. Duration is an indication of an investment's "interest rate risk," or how sensitive a bond or the fund's portfolio may be to changes in interest rates.

The fund also may invest in collateralized debt obligations (CDOs), which are a type of asset-backed security and include collateralized bond obligations (CBOs) and collateralized loan obligations (CLOs) and other similarly structured securities. CDOs generally issue separate series or "tranches" which vary with respect to collateral, risk and yield. To enhance current income, the fund may engage in a series of purchase and sale contracts or forward roll transactions in which the fund sells a mortgage-related security, for example, to a financial institution and simultaneously agrees to purchase a similar security from the institution at a later date at an agreed upon price. The fund also may make forward commitments in which the fund agrees to buy or sell a security in the future at a price agreed upon today.

The fund typically will sell a security if the fund's sub-adviser believes it is overvalued from a valuation standpoint, another sector becomes relatively more attractive, and/or it expects fundamentals to deteriorate. In addition, at times, the fund may engage in active and frequent trading, which will increase portfolio turnover.

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DLHRX - Performance

Return Ranking - Trailing

Period DLHRX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -4.9% 8.2% 49.77%
1 Yr 12.0% -4.3% 26.0% 43.19%
3 Yr 1.6%* -15.6% 20.6% 52.61%
5 Yr 3.4%* -11.2% 37.3% 51.12%
10 Yr 3.4%* -4.7% 19.5% 43.53%

* Annualized

Return Ranking - Calendar

Period DLHRX Return Category Return Low Category Return High Rank in Category (%)
2023 4.5% -4.7% 14.3% 70.34%
2022 -16.2% -33.4% 3.6% 62.23%
2021 -0.5% -8.4% 14.9% 68.68%
2020 -0.6% -13.9% 302.7% 61.34%
2019 8.6% -4.4% 13.3% 36.38%

Total Return Ranking - Trailing

Period DLHRX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -4.9% 8.2% 49.77%
1 Yr 12.0% -4.3% 26.0% 43.19%
3 Yr 1.6%* -15.6% 20.6% 52.61%
5 Yr 3.4%* -11.2% 37.3% 51.12%
10 Yr 3.4%* -4.7% 19.5% 43.53%

* Annualized

Total Return Ranking - Calendar

Period DLHRX Return Category Return Low Category Return High Rank in Category (%)
2023 12.6% -4.7% 18.7% 38.98%
2022 -11.1% -33.4% 47.8% 60.50%
2021 5.2% -8.4% 24.8% 44.05%
2020 5.4% -9.6% 325.6% 51.93%
2019 15.5% -3.8% 21.5% 16.03%

NAV & Total Return History


DLHRX - Holdings

Concentration Analysis

DLHRX Category Low Category High DLHRX % Rank
Net Assets 584 M 1.85 M 22.6 B 43.93%
Number of Holdings 313 2 2736 55.25%
Net Assets in Top 10 93 M -492 M 4.45 B 45.52%
Weighting of Top 10 15.63% 4.2% 149.6% 37.50%

Top 10 Holdings

  1. DREYFUS INSTITUTIONAL PREFERRED PL 7.60%
  2. Dreyfus Institutional Preferred Government Plus Money Market Fund 2.35%
  3. DISH NETWORK CORP 0.86%
  4. RITHM CAPITAL CORP 0.77%
  5. SOLARIS MIDSTREAM HOLDINGS LLC 0.71%
  6. BLUE RACER MIDSTREAM LLC / BLUE RACER FINANCE CORP 0.69%
  7. LIFEPOINT HEALTH INC 0.68%
  8. ROYAL CARIBBEAN CRUISES LTD 0.67%
  9. GO DADDY OPERATING CO LLC / GD FINANCE CO INC 0.67%
  10. ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF 0.64%

Asset Allocation

Weighting Return Low Return High DLHRX % Rank
Bonds
94.88% -3.13% 154.38% 48.23%
Cash
2.35% -52.00% 49.49% 73.30%
Stocks
1.91% 0.00% 99.61% 28.42%
Convertible Bonds
0.36% 0.00% 17.89% 85.34%
Preferred Stocks
0.00% 0.00% 8.06% 43.36%
Other
-2.71% -63.70% 102.57% 98.92%

Stock Sector Breakdown

Weighting Return Low Return High DLHRX % Rank
Communication Services
52.00% 0.00% 99.99% 7.82%
Consumer Defense
48.00% 0.00% 100.00% 7.54%
Utilities
0.00% 0.00% 100.00% 33.52%
Technology
0.00% 0.00% 33.17% 33.52%
Real Estate
0.00% 0.00% 86.71% 23.46%
Industrials
0.00% 0.00% 93.12% 35.20%
Healthcare
0.00% 0.00% 22.17% 22.07%
Financial Services
0.00% 0.00% 100.00% 31.84%
Energy
0.00% 0.00% 100.00% 75.70%
Consumer Cyclical
0.00% 0.00% 100.00% 45.53%
Basic Materials
0.00% 0.00% 100.00% 31.84%

Stock Geographic Breakdown

Weighting Return Low Return High DLHRX % Rank
US
1.91% 0.00% 99.61% 28.55%
Non US
0.00% -0.01% 0.83% 21.60%

Bond Sector Breakdown

Weighting Return Low Return High DLHRX % Rank
Corporate
92.76% 0.00% 129.69% 71.41%
Securitized
2.75% 0.00% 97.24% 15.46%
Cash & Equivalents
2.35% 0.00% 49.49% 57.25%
Municipal
0.00% 0.00% 4.66% 13.29%
Government
0.00% 0.00% 99.07% 38.18%
Derivative
-2.71% -15.04% 42.26% 99.38%

Bond Geographic Breakdown

Weighting Return Low Return High DLHRX % Rank
US
92.57% -3.13% 129.21% 56.48%
Non US
2.31% 0.00% 97.33% 26.54%

DLHRX - Expenses

Operational Fees

DLHRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.71% 0.04% 31.61% 75.00%
Management Fee 0.70% 0.00% 1.84% 81.38%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

DLHRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DLHRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DLHRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 101.26% 1.00% 255.00% 88.96%

DLHRX - Distributions

Dividend Yield Analysis

DLHRX Category Low Category High DLHRX % Rank
Dividend Yield 7.19% 0.00% 35.52% 9.20%

Dividend Distribution Analysis

DLHRX Category Low Category High Category Mod
Dividend Distribution Frequency None SemiAnnual Monthly Monthly

Net Income Ratio Analysis

DLHRX Category Low Category High DLHRX % Rank
Net Income Ratio 4.67% -2.39% 14.30% 35.79%

Capital Gain Distribution Analysis

DLHRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

DLHRX - Fund Manager Analysis

Managers

Chris Barris


Start Date

Tenure

Tenure Rank

Oct 31, 2010

11.59

11.6%

Chris Barris, Kevin Cronk, CFA, and Leland Hart are the fund's primary portfolio managers, positions they have held since October 2010, September 2012 and February 2018, respectively. Messrs. Mr. Barris has been employed by BNYM Investment Adviser since July 2007 and is Global Head of High Yield and Deputy Chief Investment Officer at Alcentra, which he joined in January 2013. Mr. Cronk has been employed by BNYM Investment Adviser since July 2012 and is a Managing Director and Head of U.S. Credit at Alcentra, which he joined in January 2013. Mr. Hart has been employed by BNYM Investment Adviser since February 2018 and is a Managing Director and Head of U.S. Loans and High Yield at Alcentra, which he joined in January 2018. Prior to joining Alcentra, Mr. Hart was a managing director for BlackRock Asset Management, where he was employed since 2009. Messrs. Barris, Cronk and Hart manage the fund in their capacity as employees of BNYM Investment Adviser.

Kevin Cronk


Start Date

Tenure

Tenure Rank

Sep 14, 2012

9.72

9.7%

Mr. Cronk joined Alcentra in January 2013 as part of the combination of Alcentra with Standish Mellon Asset Management Company LLC’s high yield business, and is the Head of U.S. Credit Research and a member of the U.S. Investment Committee. Mr. Cronk joined Standish Mellon Asset Management Company LLC, an affiliate of BNYM Investment Adviser and Alcentra, in 2011 from Columbia Management, where he worked for eleven years as a High Yield Analyst and Portfolio Manager. Prior to that, he worked as a High Yield Investment Associate at Putnam Investments.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.12 8.17