Address And Details

255 Liberty Street , New York, NY 10286
Fund Manager John Flahive
Manager Tenure 9 Years 6 Months

Strategy And Objective

The fund seeks total return (consisting of capital appreciation and current income). To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in corporate bonds. BNYM Investment Adviser uses a disciplined process to select bonds and manage risk. The process includes computer modeling and scenario testing of possible changes in market conditions. BNYM Investment Adviser will use other techniques in an attempt to manage market risk and duration. BNYM Investment Adviser actively manages the fund's bond market and maturity exposure and credit profile. The fund normally invests at least 80% of its assets in bonds rated investment grade (i.e., Baa/BBB or higher) at the time of purchase or, if unrated, deemed of comparable quality by BNYM Investment Adviser, with at least 65% of such investment grade bonds issued by corporations or the U.S. government or its agencies. Generally, the average effective duration of the fund's portfolio will not exceed eight years. The fund may invest in individual bonds of any duration. There are no restrictions on the dollar-weighted average maturity of the fund's portfolio or on the maturities of the individual bonds the fund may purchase. A bond's maturity is the length of time until the principal must be fully repaid with interest. Dollar-weighted average maturity is an average of the stated maturities of the securities held by the fund, based on their dollar-weighted proportions in the fund. Duration is an indication of an investment's "interest rate risk," or how sensitive a bond or the fund's portfolio may be to changes in interest rates. In selecting corporate bonds for investment, the fund's portfolio managers analyze fundamental metrics, including the issuer's cash flow, leverage and operating margins, as well as its business strategy and operating performance, and macro economic factors. The fund typically sells a security when the portfolio managers believe that there has been a negative change in the credit quality of the issuer or has identified a more attractive opportunity or when the portfolio managers seek to manage the fund's duration or tax position or to provide liquidity to meet shareholder redemptions.

Net Asset Value

as of 4:52 PM ET 09/17/2021


  • 1 Week
  • -0.07%
  • 1 Month
  • -0.22%
  • 3 Months
  • +0.15%
  • 1 Yr Return
  • +0.36%
  • 5 Yr Return
  • +5.75%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 96.53%
Cash 3.98%
Preferred 1.52%
Stocks 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -2.04%
Total Net Assets 756.03 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 1.32 1.71 n/a
Beta 1.08 1.02 n/a
R Squared 0.34 0.39 n/a
Std Deviation 6.44 5.26 n/a
Sharpe Ratio 0.95 0.73 n/a

Purchase Information

as of 4:55 PM ET 09/16/2021
Minimum Initial $10000
Minimum Additional $100
Minimum Initial IRA $0


Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 05/31/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 05/31/2021
1 Year
  • +4.29%
  • +7.80%
+4.29% +7.80%
3 Year
  • +7.05%
  • +6.88%
+7.05% +6.88%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +4.57%
  • +4.53%
+4.57% +4.53%

Top 10 Holdings

Symbol Company Name % Of Assets

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