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Morningstar

BNY Mellon Global Fixed Income - I SDGIX

Morningstar Medalist Rating
Medalist Rating as of | See BNY Mellon Investment Hub
  • NAV / 1-Day Return 18.92  /  0.11 %
  • Total Assets 2.2 Bil
  • Adj. Expense Ratio
    0.530%
  • Expense Ratio 0.530%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Global Bond-USD Hedged
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.91%
  • Effective Duration 6.86 years

USD | NAV as of Sep 27, 2023 | 1-Day Return as of Sep 27, 2023, 10:20 PM GMT+0

Morningstar’s Analysis SDGIX

Will SDGIX 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 SDGIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the SDGIX 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 SDGIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A structured approach to global multisector investing.

Analyst Giovanni Cafaro

Giovanni Cafaro

Analyst

Summary

BNY Mellon Global Fixed Income 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. This results in maintaining the Morningstar Medalist Rating of Neutral for most share classes and Negative for its most-expensive share class.

by Giovanni Cafaro
Rated on Published on

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Portfolio Holdings SDGIX

More SDGIX Holdings
  • Current Portfolio Date
  • Equity Holdings 1
  • Bond Holdings 233
  • Other Holdings 138
  • % Assets in Top 10 Holdings −4.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Forward Exchange Contract Usd

17.15
317,827,798
Derivative

Forward Exchange Contract Usd

17.15
317,794,130
Derivative

Forward Exchange Contract Usd

7.00
129,759,343
Derivative

US 5 Year Note (CBT) Sept13

6.90
127,970,731
Government

Forward Exchange Contract Usd

5.97
110,644,503
Derivative

Forward Exchange Contract Usd

4.54
84,135,811
Derivative

The Republic of Korea 4.25%

4.16
77,155,607
Government

Forward Exchange Contract Usd

4.03
74,677,608
Derivative

Long-Term Euro BTP Future Sept 23

3.90
72,316,314
Government

China (People's Republic Of) 3.81%

3.65
67,723,219
Government