Welcome to Dividend.com
Please help us personalize your experience.
Select the one that best describes you
Continue to site >
Trending ETFs

BNY Mellon Floating Rate Income Fund

mutual fund
DFLYX
Dividend policy
Active
Price as of:
$11.45 +0.0 +0%
primary theme
Bank Loan
DFLYX (Mutual Fund)

BNY Mellon Floating Rate Income Fund

Dividend policy
Active
Price as of:
$11.45 +0.0 +0%
primary theme
Bank Loan
DFLYX (Mutual Fund)
BNY Mellon Floating Rate Income Fund
Dividend policy
Active
Price as of:
$11.45 +0.0 +0%
primary theme
Bank Loan

DFLYX - Snapshot

Vitals

  • YTD Return 1.2%
  • 3 Yr Annualized Return 3.2%
  • 5 Yr Annualized Return 4.2%
  • Net Assets $717 M
  • Holdings in Top 10 11.8%

52 WEEK LOW AND HIGH

$11.45
$10.29
$11.46

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.75%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 93.27%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Theme Bank Loan
  • Fund Type Open End Mutual Fund
  • Investment Style Bank Loan

Compare DFLYX to Popular Bank Loan Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$9.39

-0.11%

$7.76 B

3.41%

$0.32

blocked
blocked
blocked

1.40%

0.73%

$10.52

-0.10%

$6.34 B

4.12%

$0.43

blocked
blocked
blocked

0.96%

1.35%

$8.77

-0.11%

$6.16 B

3.41%

$0.30

blocked
blocked
blocked

0.57%

0.82%

$8.37

-0.12%

$6.01 B

4.26%

$0.36

blocked
blocked
blocked

0.84%

0.60%

$9.75

-0.10%

$4.13 B

4.05%

$0.40

blocked
blocked
blocked

0.62%

0.58%

Compare DFLYX to Popular Bank Loan ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$22.11

-0.09%

$5.88 B

3.33%

$0.74

blocked
blocked
blocked

-0.72%

0.65%

$45.85

-0.11%

$3.88 B

4.71%

$2.16

blocked
blocked
blocked

0.42%

0.70%

$47.90

-0.04%

$1.77 B

3.26%

$1.56

blocked
blocked
blocked

0.76%

0.85%

$50.52

-0.04%

$121.04 M

0.57%

$0.29

blocked
blocked
blocked

0.46%

0.25%

$16.11

-0.19%

$43.52 M

2.50%

$0.40

blocked
blocked
blocked

0.75%

1.12%

DFLYX - Profile

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return 3.2%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.95%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BNY Mellon Floating Rate Income Fund
  • Fund Family Name
    Dreyfus
  • Inception Date
    Sep 27, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • 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 floating rate loans and other floating rate securities. These investments effectively should enable the fund to achieve a floating rate of income. The fund's subadviser normally will focus on senior secured floating rate loans, which are loans secured by specific collateral of the borrower and are senior to most other securities of the borrower (e.g., common stock or debt instruments) in the event of bankruptcy. It is non-diversified.


DFLYX - Performance

Return Ranking - Trailing

Period DFLYX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -1.3% 8.1% 32.12%
1 Yr 19.9% 4.2% 86.9% 36.30%
3 Yr 3.2%* -1.4% 5.8% 44.60%
5 Yr 4.2%* 1.8% 9.0% 50.94%
10 Yr N/A* 1.6% 6.3% N/A

* Annualized

Return Ranking - Calendar

Period DFLYX Return Category Return Low Category Return High Rank in Category (%)
2020 -2.2% -16.5% 289.8% 35.76%
2019 1.4% -8.1% 7.5% 79.93%
2018 -5.4% -12.2% 5.5% 77.07%
2017 -0.3% -4.2% 3.7% 52.28%
2016 3.1% -65.0% 12.9% 85.90%

Total Return Ranking - Trailing

Period DFLYX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -1.3% 8.1% 32.12%
1 Yr 19.9% 1.1% 86.9% 31.02%
3 Yr 3.2%* -1.8% 5.8% 38.33%
5 Yr 4.2%* 1.8% 9.0% 46.07%
10 Yr N/A* 1.6% 6.3% N/A

* Annualized

Total Return Ranking - Calendar

Period DFLYX Return Category Return Low Category Return High Rank in Category (%)
2020 -2.2% -16.5% 289.8% 35.76%
2019 1.8% -8.1% 7.5% 70.25%
2018 -0.9% -12.2% 5.5% 9.40%
2017 3.5% -4.2% 7.2% 4.15%
2016 7.5% -65.0% 12.9% 17.62%

NAV & Total Return History


DFLYX - Holdings

Concentration Analysis

DFLYX Category Low Category High DFLYX % Rank
Net Assets 717 M 6.18 M 7.76 B 48.08%
Number of Holdings 318 13 1246 59.67%
Net Assets in Top 10 86.6 M -161 M 1.49 B 48.52%
Weighting of Top 10 11.82% 6.2% 91.8% 59.54%

Top 10 Holdings

  1. Dreyfus Instl Preferred Gov Plus MMkt 5.16%
  2. Helix Gen Funding Llc 1.04%
  3. Helix Gen Funding Llc 1.04%
  4. Helix Gen Funding Llc 1.04%
  5. Helix Gen Funding Llc 1.04%
  6. Helix Gen Funding Llc 1.04%
  7. Helix Gen Funding Llc 1.04%
  8. Helix Gen Funding Llc 1.04%
  9. Helix Gen Funding Llc 1.04%
  10. Helix Gen Funding Llc 1.04%

Asset Allocation

Weighting Return Low Return High DFLYX % Rank
Bonds
94.55% 30.80% 146.63% 43.28%
Cash
5.42% -17.24% 55.70% 50.16%
Other
0.03% -51.39% 11.86% 55.08%
Stocks
0.00% 0.00% 7.86% 83.61%
Preferred Stocks
0.00% 0.00% 24.21% 37.05%
Convertible Bonds
0.00% 0.00% 5.44% 53.77%

Bond Sector Breakdown

Weighting Return Low Return High DFLYX % Rank
Corporate
87.73% 0.00% 100.00% 72.70%
Cash & Equivalents
5.16% 0.00% 68.78% 61.51%
Derivative
4.43% 0.00% 6.30% 2.63%
Securitized
2.69% 0.00% 100.00% 19.74%
Municipal
0.00% 0.00% 0.61% 14.47%
Government
0.00% 0.00% 1.41% 22.37%

Bond Geographic Breakdown

Weighting Return Low Return High DFLYX % Rank
US
66.76% 5.51% 146.63% 77.05%
Non US
27.79% 0.00% 92.60% 18.69%

DFLYX - Expenses

Operational Fees

DFLYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.01% 27.10% 86.53%
Management Fee 0.65% 0.00% 1.73% 53.29%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.40% N/A

Sales Fees

DFLYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 3.00% N/A

Trading Fees

DFLYX 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.

DFLYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 93.27% 0.00% 412.00% 89.31%

DFLYX - Distributions

Dividend Yield Analysis

DFLYX Category Low Category High DFLYX % Rank
Dividend Yield 0.00% 0.00% 4.17% 14.61%

Dividend Distribution Analysis

DFLYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

DFLYX Category Low Category High DFLYX % Rank
Net Income Ratio 4.95% 1.29% 10.93% 22.48%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

DFLYX - Fund Manager Analysis

Managers

Chris Barris


Start Date

Tenure

Tenure Rank

Sep 27, 2013

7.51

7.5%

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

May 24, 2017

3.85

3.9%

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
0.04 22.43 5.66 2.08