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Trending ETFs

BNY Mellon U.S. Mortgage Fund, Inc.

mutual fund
GPGAX
Payout Change
Pending
Price as of:
$12.82 +0.03 +0.23%
primary theme
Intermediate-Term U.S. Treasury Bond
GPGAX (Mutual Fund)

BNY Mellon U.S. Mortgage Fund, Inc.

Payout Change
Pending
Price as of:
$12.82 +0.03 +0.23%
primary theme
Intermediate-Term U.S. Treasury Bond
GPGAX (Mutual Fund)

BNY Mellon U.S. Mortgage Fund, Inc.

Payout Change
Pending
Price as of:
$12.82 +0.03 +0.23%
primary theme
Intermediate-Term U.S. Treasury Bond

Name

As of 12/04/2024

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

$12.82

$181 M

3.09%

$0.40

1.06%

Vitals

YTD Return

3.4%

1 yr return

5.8%

3 Yr Avg Return

-1.6%

5 Yr Avg Return

-0.4%

Net Assets

$181 M

Holdings in Top 10

55.3%

52 WEEK LOW AND HIGH

$12.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.06%

SALES FEES

Front Load 4.50%

Deferred Load N/A

TRADING FEES

Turnover 392.94%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/04/2024

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

$12.82

$181 M

3.09%

$0.40

1.06%

GPGAX - Profile

Distributions

  • YTD Total Return 3.4%
  • 3 Yr Annualized Total Return -1.6%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.36%
DIVIDENDS
  • Dividend Yield 3.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BNY Mellon U.S. Mortgage Fund, Inc.
  • Fund Family Name
    Dreyfus
  • Inception Date
    May 04, 2007
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Eric Seasholtz

Fund Description

To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in U.S. mortgage-related securities. These mortgage-related securities may include certificates (debt securities) issued, and guaranteed as to timely payment of principal and interest, by the Government National Mortgage Association (GNMA) (popularly called "Ginnie Maes"); securities issued by government-related organizations such as Fannie Mae and Freddie Mac; residential and commercial mortgage-backed securities issued by governmental agencies or private entities; and collateralized mortgage obligations (CMOs). The fund 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 intends to invest in only those securities with an "A" or higher credit quality. The fund is not subject to any maturity or duration restrictions.

The fund may purchase or sell securities on a forward commitment (including "TBA" (to be announced)) basis. These transactions involve a commitment by the fund to purchase or sell particular securities, such as mortgage-related securities, with payment and delivery taking place at a future date, and permit the fund to lock in a price or yield on a security it owns or intends to purchase. To enhance current income, the fund also 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. Forward roll transactions will significantly increase the fund's portfolio turnover rate.

The fund may use derivative instruments as a substitute for investing directly in an underlying asset, to increase returns, to manage interest rate risk, as part of a hedging strategy, or for other purposes related to the management of the fund. The derivative instruments in which the fund may invest typically include options, futures and options on futures (including those relating to securities and interest rates), swap agreements (including credit default swap agreements on mortgage-related and asset-backed securities), options on swap agreements and other credit derivatives.

In deciding to buy and sell securities, the investment process of the fund's sub-adviser, Amherst Capital Management LLC (Amherst Capital), begins with a macroeconomic view, and considers the overall risk environment in light of broad portfolio themes and overall portfolio quality in relation to the fund's current positions. Potential purchases and sales of securities are viewed on absolute and relative value bases in relation to other potential opportunities available to the fund.

The fund does not have any limitations regarding portfolio turnover and, at times, the fund may engage in active and frequent trading, which will increase portfolio turnover.

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GPGAX - Performance

Return Ranking - Trailing

Period GPGAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% -3.9% 27.3% 15.18%
1 Yr 5.8% -4.4% 34.2% 15.18%
3 Yr -1.6%* -7.7% 13.4% 27.80%
5 Yr -0.4%* -5.7% 3.0% 52.36%
10 Yr 0.6%* -2.2% 3.0% 62.05%

* Annualized

Return Ranking - Calendar

Period GPGAX Return Category Return Low Category Return High Rank in Category (%)
2023 1.8% -1.0% 22.1% 10.71%
2022 -13.5% -20.4% -5.8% 47.53%
2021 -4.4% -7.1% 16.6% 85.78%
2020 1.3% -1.3% 8.8% 88.68%
2019 2.8% 0.3% 7.1% 70.33%

Total Return Ranking - Trailing

Period GPGAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% -3.9% 27.3% 15.18%
1 Yr 5.8% -4.4% 34.2% 15.18%
3 Yr -1.6%* -7.7% 13.4% 27.80%
5 Yr -0.4%* -5.7% 3.0% 52.36%
10 Yr 0.6%* -2.2% 3.0% 62.05%

* Annualized

Total Return Ranking - Calendar

Period GPGAX Return Category Return Low Category Return High Rank in Category (%)
2023 4.7% -0.5% 28.8% 29.91%
2022 -11.7% -18.5% -3.3% 44.84%
2021 -1.4% -4.5% 25.3% 42.20%
2020 3.7% -1.3% 13.0% 88.68%
2019 5.4% 1.8% 11.3% 73.21%

NAV & Total Return History


GPGAX - Holdings

Concentration Analysis

GPGAX Category Low Category High GPGAX % Rank
Net Assets 181 M 8.69 M 134 B 80.36%
Number of Holdings 100 13 12380 87.05%
Net Assets in Top 10 98 M 5.7 M 55.6 B 76.79%
Weighting of Top 10 55.31% 6.2% 99.3% 16.07%

Top 10 Holdings

  1. GINNIE MAE II POOL 10.70%
  2. FANNIE MAE OR FREDDIE MAC 9.33%
  3. FANNIE MAE POOL 7.21%
  4. GINNIE MAE 6.85%
  5. GINNIE MAE II POOL 4.61%
  6. KNDR 2021-KIND A 4.07%
  7. FANNIE MAE REMICS 3.59%
  8. ALEN 2021-ACEN MORTGAGE TRUST 3.08%
  9. GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 3.00%
  10. GINNIE MAE 2.88%

Asset Allocation

Weighting Return Low Return High GPGAX % Rank
Bonds
114.75% 0.03% 161.75% 15.63%
Cash
0.30% -20.28% 28.09% 83.93%
Stocks
0.00% 0.00% 95.39% 53.57%
Preferred Stocks
0.00% 0.00% 0.11% 53.57%
Other
0.00% -20.46% 42.16% 73.21%
Convertible Bonds
0.00% 0.00% 3.29% 54.02%

Bond Sector Breakdown

Weighting Return Low Return High GPGAX % Rank
Securitized
89.15% 0.00% 99.79% 14.73%
Government
3.17% 0.00% 100.00% 77.68%
Cash & Equivalents
0.30% 0.00% 28.09% 76.79%
Derivative
0.00% -12.53% 3.25% 44.20%
Corporate
0.00% 0.00% 9.48% 68.30%
Municipal
0.00% 0.00% 5.24% 61.16%

Bond Geographic Breakdown

Weighting Return Low Return High GPGAX % Rank
US
114.75% 0.03% 161.75% 15.63%
Non US
0.00% 0.00% 2.20% 53.57%

GPGAX - Expenses

Operational Fees

GPGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.06% 0.03% 2.85% 26.01%
Management Fee 0.50% 0.00% 0.85% 86.61%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

GPGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 2.00% 4.50% 16.67%
Deferred Load N/A 1.00% 4.50% N/A

Trading Fees

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

GPGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 392.94% 3.35% 948.00% 82.86%

GPGAX - Distributions

Dividend Yield Analysis

GPGAX Category Low Category High GPGAX % Rank
Dividend Yield 3.09% 0.00% 4.94% 76.79%

Dividend Distribution Analysis

GPGAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

GPGAX Category Low Category High GPGAX % Rank
Net Income Ratio 1.36% -0.80% 2.96% 9.87%

Capital Gain Distribution Analysis

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

Distributions History

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GPGAX - Fund Manager Analysis

Managers

Eric Seasholtz


Start Date

Tenure

Tenure Rank

Dec 20, 2016

5.45

5.5%

Mr. Seasholtz is a director and portfolio manager at Amherst, where he has been employed since September 2015. Prior to joining Amherst, Mr. Seasholtz served as a portfolio manager and managing partner at Ridgevale Capital from June 2014 until September 2015. From September 2013 until June 2014, he was the director of research at Providence Investment Management, LLC. Prior thereto, he was a vice president and senior portfolio manager at E*Trade Global Asset Management, Inc. from August 2001 until December 2012. He also has been employed by Dreyfus since December 2016.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 31.64 8.43 7.35