BNY Mellon Core Plus Fund Class I is a mutual fund specializing in fixed-income investments with an emphasis on achieving high total return while preserving capital. The fund primarily invests in a diversified portfolio of US and foreign bonds, including government, corporate, and mortgage-backed securities, but it also has the flexibility to include non-investment grade bonds and other fixed income instruments. Managed by BNY Mellon Investment Management, the fund targets an intermediate core-plus bond strategy, with an average effective duration typically between three and eight years, most recently noted at approximately 6.77 years. Notable characteristics include a competitive expense ratio of 0.45%, monthly dividend distributions, and a consistent focus on risk management and income generation. The fund holds hundreds of individual securities, with its largest allocations to US Treasury and agency securities, offering broad sector exposure and balance between yield generation and credit quality. BNY Mellon Core Plus Fund Class I serves as an institutional-grade choice for investors seeking diversification, steady income, and prudent risk oversight within the fixed income segment of the financial market.
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