- What does BGFI invest in?
- BGFI provides broad exposure to the global fixed income market. It typically invests in bonds, notes, mortgage-related securities, asset-backed securities, floating rate loans (capped at 20%), and Eurodollar and Yankee dollar instruments. The fund seeks opportunities in undervalued markets, sectors, and securities with potential for credit upgrades, unique structures, or innovative features. Its global claim includes up to 40% of exposure to emerging markets, with most foreign currency exposure hedged through derivatives such as forwards, futures, and swaps. The fund primarily invests in investment-grade securities but may hold up to 25% in high-yield bonds rated no lower than B or unrated equivalents. BGFI selects constituents by utilizing fundamental economic research and quantitative analysis, and by actively trades sectors and securities without limits on turnover, maturity, or duration.
- What is the expense ratio of BGFI?
- BNY Mellon Global Fixed Income (BGFI) charges an expense ratio of 0.40%. This is the annual fee deducted from fund assets to cover management and operations.
- What is the duration of BGFI?
- Effective duration measures BGFI's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BGFI's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of BGFI?
- BGFI's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of BGFI?
- Yield to maturity (YTM) is the total return you'd earn from BGFI if every bond in the portfolio is held to maturity at the current price. BGFI's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
- How big is BGFI?
- BNY Mellon Global Fixed Income (BGFI) manages $23.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
