BNY Mellon Floating Rate Income Fund - Class Y (DFLYX)
| Fund Assets | 609.39M |
| Expense Ratio | 0.74% |
| Min. Investment | $1,000,000 |
| Turnover | 133.40% |
| Dividend (ttm) | 0.88 |
| Dividend Yield | 8.18% |
| Dividend Growth | -8.64% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 2, 2026 |
| Previous Close | 10.72 |
| YTD Return | -0.12% |
| 1-Year Return | 4.71% |
| 5-Year Return | 33.85% |
| 52-Week Low | 10.06 |
| 52-Week High | 10.80 |
| Beta (5Y) | n/a |
| Holdings | 292 |
| Inception Date | Sep 27, 2013 |
About DFLYX
The BNY Mellon Floating Rate Income Fund Class Y is a mutual fund specializing in generating high current income through investments primarily in senior secured floating rate loans and other floating rate securities. These instruments typically feature interest payments linked to short-term benchmarks such as LIBOR or SOFR, resulting in a floating income profile that provides some protection against rising interest rates. The fund predominantly invests in loans and securities from U.S. issuers but may allocate up to 30% of its assets to foreign issuers, mainly within OECD countries. Its holdings are concentrated in the bank loan sector, targeting loans backed by specific collateral and senior in capital structure, meaning they have priority in repayment over most other types of debt and equity if the borrower defaults. Characterized by a low effective duration, the fund is less sensitive to interest rate fluctuations, and its average effective maturity reflects a proactive approach to managing call and credit risks. The Class Y shares are institutional in nature, typically featuring lower expense ratios and reduced distribution fees compared to retail classes, and require a significant minimum investment. By focusing on floating rate income, the fund provides an option for investors seeking to enhance income and limit interest rate risk, while also introducing considerations around credit quality and liquidity associated with bank loans.
Performance
DFLYX had a total return of 4.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.17%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 2, 2026 | $0.067 | Feb 2, 2026 |
| Dec 22, 2025 | $0.120 | Dec 22, 2025 |
| Dec 1, 2025 | $0.071 | Dec 1, 2025 |
| Nov 3, 2025 | $0.074 | Nov 3, 2025 |
| Oct 1, 2025 | $0.072 | Oct 1, 2025 |
| Sep 2, 2025 | $0.073 | Sep 2, 2025 |