Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
BNY Mellon Floating Rate Income A DFLAX
- NAV / 1-Day Return 11.09 / +0.03 %
- Total Assets 804.7 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.020%
- Distribution Fee Level Below Average
- Share Class Type Front Load
- Category Bank Loan
- Credit Quality / Interest Rate Sensitivity Low/Limited
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 8.76%
- Effective Duration 0.26 years
USD | NAV as of May 02, 2024 | 1-Day Return as of May 02, 2024, 12:17 AM GMT+0
Morningstar’s Analysis DFLAX
Will DFLAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 6.9
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Forward Exchange Contract Usd | 6.77 | 57.1 Mil | Derivative |
Dreyfus Instl Preferred Gov Plus MMkt | 5.22 | 44.0 Mil | Cash and Equivalents |
Athenahealth Group Inc | 0.81 | 6.9 Mil | Corporate |
SPDR Blackstone Senior Loan ETF | 0.75 | 6.3 Mil | — |
Invesco Senior Loan ETF | 0.74 | 6.3 Mil | — |
Asurion Llc | 0.67 | 5.7 Mil | Corporate |
Recess Holdings Inc | 0.66 | 5.6 Mil | Corporate |
Cotiviti Inc | 0.66 | 5.5 Mil | Corporate |
Gainwell Acquisition Corp | 0.65 | 5.5 Mil | Corporate |
Sharp Services Llc | 0.65 | 5.5 Mil | Corporate |