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Morningstar

BNY Mellon International Bond I DIBRX

Morningstar Medalist Rating
Medalist Rating as of | See BNY Mellon Investment Hub
  • NAV / 1-Day Return 12.35  /  −0.16 %
  • Total Assets 152.6 Mil
  • Adj. Expense Ratio
    0.770%
  • Expense Ratio 0.770%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Global Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield —
  • Effective Duration 6.31 years

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 12:01 AM GMT+0

Morningstar’s Analysis DIBRX

Will DIBRX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DIBRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the DIBRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of DIBRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Execution of currency overlays limit our conviction in the process.

Analyst Giovanni Cafaro

Giovanni Cafaro

Analyst

Summary

BNY Mellon International Bond is guided by stable and experienced managers implementing a structured process for security selection and portfolio construction. That said, the execution and hedging of the strategy’s currency stakes have at times detracted and the team has experienced turnover.

by Giovanni Cafaro
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Portfolio Holdings DIBRX

More DIBRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Forward Exchange Contract Jpy

12.58 20.5 Mil
Derivative

10 Year Treasury Note Future June 24

9.06 14.7 Mil
Government

Forward Exchange Contract Cnh

8.31 13.5 Mil
Derivative

Forward Exchange Contract Eur

4.73 7.7 Mil
Derivative

The Republic of Korea 4.25%

4.72 7.7 Mil
Government

Japan (Government Of) 0.4%

3.66 5.9 Mil
Government

China (People's Republic Of) 2.6%

3.60 5.8 Mil
Government

Forward Exchange Contract Usd

3.28 5.3 Mil
Derivative

Forward Exchange Contract Usd

3.28 5.3 Mil
Derivative

United Kingdom of Great Britain and Northern Ireland 3.25%

3.15 5.1 Mil
Government