Share Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Class A * | $ | % ** |
* | During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher. |
** | Annualized. |
Fund Size (Millions) | Number of Holdings | Portfolio Turnover |
$ | % |
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value |
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value |
Share Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Class C * | $ | % ** |
* | During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher. |
** | Annualized. |
Fund Size (Millions) | Number of Holdings | Portfolio Turnover |
$ | % |
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value |
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value |
Share Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Class I * | $ | % ** |
* | During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher. |
** | Annualized. |
Fund Size (Millions) | Number of Holdings | Portfolio Turnover |
$ | % |
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value |
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value |
Share Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Class Y | $ | % * |
* | Annualized. |
Fund Size (Millions) | Number of Holdings | Portfolio Turnover |
$ | % |
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value |
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value |
Item 2. | Code of Ethics. |
Not applicable.
Item 3. | Audit Committee Financial Expert. |
Not applicable.
Item 4. | Principal Accountant Fees and Services. |
Not applicable.
Item 5. | Audit Committee of Listed Registrants. |
Not applicable.
Item 6. | Investments. |
Not applicable.
Class
|
Ticker
|
A
|
DCPAX
|
C
|
DCPCX
|
I
|
DCPIX
|
Y
|
DCPYX
|
3
| |
3
| |
17
| |
18
| |
19
| |
21
| |
25
| |
36
| |
37
| |
38
| |
39
|
Description
|
|
Coupon
Rate
(%) |
Maturity
Date
|
Principal
Amount
($)(a)
|
Value
($) |
Bonds
and Notes — 98.4% | |||||
Aerospace
& Defense — .8% | |||||
Rolls-Royce
PLC, Gtd. Notes(b)
|
|
5.75
|
10/15/2027
|
3,983,000
|
4,067,093
|
The
Boeing Company, Sr. Unscd. Notes |
|
2.20
|
2/4/2026
|
6,887,000
|
6,634,629
|
The
Boeing Company, Sr. Unscd. Notes |
|
5.81
|
5/1/2050
|
5,601,000
|
5,286,729
|
The
Boeing Company, Sr. Unscd. Notes(b)
|
|
6.86
|
5/1/2054
|
2,370,000
|
2,543,116
|
|
|
|
|
|
18,531,567
|
Agriculture
— .3% | |||||
BAT
Capital Corp., Gtd. Notes |
|
6.34
|
8/2/2030
|
1,546,000
|
1,632,157
|
BAT
Capital Corp., Gtd. Notes |
|
7.08
|
8/2/2053
|
556,000
|
616,500
|
BAT
International Finance PLC, Gtd. Notes |
|
1.67
|
3/25/2026
|
1,998,000
|
1,913,551
|
Philip
Morris International, Inc., Sr. Unscd. Notes |
|
2.10
|
5/1/2030
|
3,470,000
|
3,015,459
|
|
|
|
|
|
7,177,667
|
Airlines
— .9% | |||||
Air
Canada, Sr. Scd. Notes(b)
|
|
3.88
|
8/15/2026
|
1,153,000
|
1,116,328
|
Air
Canada Pass Through Trust, Ser. 2020-2, Cl. A(b)
|
|
5.25
|
4/1/2029
|
835,187
|
834,254
|
American
Airlines Pass Through Trust, Ser. 2017-1, Cl. AA |
|
3.65
|
2/15/2029
|
127,750
|
122,603
|
American
Airlines Pass Through Trust, Ser. 2017-2, Cl. AA |
|
3.35
|
10/15/2029
|
186,683
|
175,878
|
American
Airlines Pass Through Trust, Ser. 2019-1, Cl. AA |
|
3.15
|
2/15/2032
|
1,705,964
|
1,567,293
|
American
Airlines, Inc./Aadvantage Loyalty IP Ltd., Sr. Scd.
Notes(b)
|
|
5.50
|
4/20/2026
|
788,000
|
786,207
|
American
Airlines, Inc./Aadvantage Loyalty IP Ltd., Sr. Scd.
Notes(b),(c)
|
|
5.75
|
4/20/2029
|
723,000
|
716,534
|
British
Airways Pass Through Trust, Ser. 2020-1, Cl. A(b)
|
|
4.25
|
11/15/2032
|
501,296
|
478,719
|
Delta
Air Lines, Inc./SkyMiles IP Ltd., Sr. Scd. Notes(b)
|
|
4.50
|
10/20/2025
|
239,503
|
238,388
|
Delta
Air Lines, Inc./SkyMiles IP Ltd., Sr. Scd. Notes(b)
|
|
4.75
|
10/20/2028
|
2,009,000
|
1,987,357
|
JetBlue
Pass Through Trust, Ser. 2020-1, Cl. A |
|
4.00
|
11/15/2032
|
6,129,987
|
5,816,021
|
United
Airlines Pass Through Trust, Ser. 2018-1, Cl. B |
|
4.60
|
3/1/2026
|
75,591
|
74,353
|
United
Airlines Pass Through Trust, Ser. 2019-1, Cl. AA |
|
4.15
|
8/25/2031
|
810,043
|
773,636
|
United
Airlines Pass Through Trust, Ser. 2019-2, Cl. AA |
|
2.70
|
5/1/2032
|
2,090,958
|
1,858,020
|
United
Airlines Pass Through Trust, Ser. 2020-1, Cl. A |
|
5.88
|
10/15/2027
|
690,134
|
706,309
|
United
Airlines Pass Through Trust, Ser. 2023-1, Cl. A |
|
5.80
|
1/15/2036
|
1,890,789
|
1,950,682
|
United
Airlines, Inc., Sr. Scd. Notes(b)
|
|
4.38
|
4/15/2026
|
278,000
|
273,373
|
United
Airlines, Inc., Sr. Scd. Notes(b)
|
|
4.63
|
4/15/2029
|
1,436,000
|
1,375,407
|
|
|
|
|
|
20,851,362
|
Asset-Backed
Certificates — 3.4% | |||||
AEP
Texas Central Transition Funding III LLC, Ser. 2012-1, Cl. A3 |
|
2.84
|
3/1/2026
|
2,213,075
|
2,208,844
|
Amur
Equipment Finance Receivables XI LLC, Ser. 2022-2A, Cl.
A2(b)
|
|
5.30
|
6/21/2028
|
238,024
|
238,570
|
Auxilior
Term Funding LLC, Ser. 2023-1A, Cl. A2(b)
|
|
6.18
|
12/15/2028
|
891,218
|
899,492
|
Blackbird
Capital II Aircraft Lease Ltd, Ser. 2021-1A, Cl. A(b)
|
|
2.44
|
7/15/2046
|
3,727,697
|
3,395,943
|
Blue
Owl Asset Leasing Trust LLC, Ser. 2024-1A, Cl. A2(b)
|
|
5.05
|
3/15/2029
|
616,000
|
615,995
|
CF
Hippolyta Issuer LLC, Ser. 2020-1, Cl. A1(b)
|
|
1.69
|
7/15/2060
|
3,240,906
|
3,140,339
|
Daimler
Trucks Retail Trust, Ser. 2023-1, Cl. A3 |
|
5.90
|
3/15/2027
|
3,597,000
|
3,636,025
|
DataBank
Issuer, Ser. 2021-2A, Cl. A2(b)
|
|
2.40
|
10/25/2051
|
4,198,000
|
3,938,389
|
DB
Master Finance LLC, Ser. 2021-1A, Cl. A2I(b)
|
|
2.05
|
11/20/2051
|
4,243,018
|
3,992,493
|
Domino’s
Pizza Master Issuer LLC, Ser. 2021-1A, Cl. A2I(b)
|
|
2.66
|
4/25/2051
|
3,427,090
|
3,105,067
|
EnFin
Residential Solar Receivables Trust, Ser. 2024-1A, Cl. A(b)
|
|
6.65
|
2/20/2055
|
1,961,238
|
2,011,630
|
EnFin
Residential Solar Receivables Trust, Ser. 2024-2A, Cl. A(b)
|
|
5.98
|
9/20/2055
|
872,000
|
855,766
|
Description
|
|
Coupon
Rate
(%) |
Maturity
Date
|
Principal
Amount
($)(a) |
Value
($) |
Bonds
and Notes — 98.4% (continued) | |||||
Asset-Backed
Certificates — 3.4% (continued) | |||||
Flexential
Issuer, Ser. 2021-1A, Cl. A2(b)
|
|
3.25
|
11/27/2051
|
4,035,000
|
3,802,233
|
GreenSky
Home Improvement Issuer Trust, Ser. 2024-2, Cl. A4(b)
|
|
5.15
|
10/27/2059
|
1,968,000
|
1,967,723
|
Hilton
Grand Vacations Trust, Ser. 2023-1A, Cl. A(b)
|
|
5.72
|
1/25/2038
|
518,084
|
525,065
|
InStar
Leasing III LLC, Ser. 2021-1A, Cl. A(b)
|
|
2.30
|
2/15/2054
|
1,405,288
|
1,274,962
|
New
Economy Assets Phase 1 Sponsor LLC, Ser. 2021-1, Cl. A1(b)
|
|
1.91
|
10/20/2061
|
7,596,000
|
6,948,787
|
OneMain
Financial Issuance Trust, Ser. 2019-2A, Cl. A(b)
|
|
3.14
|
10/14/2036
|
3,801,000
|
3,640,405
|
PMT
Issuer Trust - FMSR, Ser. 2021-FT1, Cl. A, (1 Month TSFR +
3.11%)(b),(d)
|
|
7.85
|
3/25/2026
|
3,714,000
|
3,729,302
|
Purewest
Funding LLC, Ser. 2021-1, Cl. A1(b)
|
|
4.09
|
12/22/2036
|
987,018
|
967,563
|
Regional
Management Issuance Trust, Ser. 2024-1, Cl. A(b)
|
|
5.83
|
7/15/2036
|
981,000
|
1,000,050
|
Slam,
Ltd., Ser. 2021-1A, Cl. A(b)
|
|
2.43
|
6/15/2046
|
7,337,476
|
6,673,915
|
TIF
Funding II LLC, Ser. 2021-1A, Cl. A(b)
|
|
1.65
|
2/20/2046
|
2,594,414
|
2,290,577
|
TIF
Funding III LLC, Ser. 2024-1A, Cl. A(b)
|
|
5.48
|
4/20/2049
|
3,897,675
|
3,897,334
|
Tricon
American Homes Trust, Ser. 2018-SFR1, Cl. C(b)
|
|
4.04
|
5/17/2037
|
4,000,000
|
3,972,910
|
Vantage
Data Centers Issuer LLC, Ser. 2021-1A, Cl. A2(b)
|
|
2.17
|
10/15/2046
|
3,750,000
|
3,533,640
|
Willis
Engine Structured Trust IV, Ser. 2018-A, Cl. A(b)
|
|
4.75
|
9/15/2043
|
672,635
|
660,054
|
Willis
Engine Structured Trust VI, Ser. 2021-A, Cl. A(b)
|
|
3.10
|
5/15/2046
|
3,996,773
|
3,597,222
|
|
|
|
|
|
76,520,295
|
Asset-Backed
Certificates/Auto Receivables — 1.1% | |||||
Avis
Budget Rental Car Funding AESOP LLC, Ser. 2020-1A, Cl. A(b)
|
|
2.33
|
8/20/2026
|
1,575,000
|
1,551,544
|
Bayview
Opportunity Master Fund VII LLC, Ser. 2024-CAR1, Cl. A,
(1
Month SOFR +
1.10%)(b),(d)
|
|
5.96
|
12/26/2031
|
965,032
|
966,931
|
Bayview
Opportunity Master Fund VII Trust, Ser. 2024-SN1, Cl.
C(b)
|
|
5.83
|
12/15/2028
|
1,052,000
|
1,061,793
|
Carvana
Auto Receivables Trust, Ser. 2021-N1, Cl. C |
|
1.30
|
1/10/2028
|
1,182,994
|
1,142,494
|
Chesapeake
Funding II LLC, Ser. 2023-2A, Cl. A1(b)
|
|
6.16
|
10/15/2035
|
944,195
|
956,017
|
Credit
Acceptance Auto Loan Trust, Ser. 2022-3A, Cl. A(b)
|
|
6.57
|
10/15/2032
|
2,020,000
|
2,030,811
|
Ford
Credit Auto Owner Trust, Ser. 2024-1, Cl. A(b)
|
|
4.87
|
8/15/2036
|
2,394,000
|
2,414,441
|
Huntington
Bank Auto Credit-Linked, Ser. 2024-2, Cl. B1(b)
|
|
5.44
|
10/20/2032
|
1,081,810
|
1,082,494
|
Merchants
Fleet Funding LLC, Ser. 2024-1A, Cl. D(b)
|
|
6.85
|
4/20/2037
|
2,980,000
|
3,016,590
|
Octane
Receivables Trust, Ser. 2024-3A, Cl. A2(b)
|
|
4.94
|
5/20/2030
|
1,090,000
|
1,091,163
|
OSCAR
US Funding XVI LLC, Ser. 2024-1A, Cl. A3(b)
|
|
5.54
|
2/10/2028
|
1,803,000
|
1,818,206
|
SFS
Auto Receivables Securitization Trust, Ser. 2023-1A, Cl. A2A(b)
|
|
5.89
|
3/22/2027
|
501,035
|
502,346
|
Tesla
Auto Lease Trust, Ser. 2023-B, Cl. A3(b)
|
|
6.13
|
9/21/2026
|
3,793,000
|
3,821,741
|
US
Bank NA, Ser. 2023-1, Cl. B(b)
|
|
6.79
|
8/25/2032
|
284,679
|
288,160
|
World
Omni Auto Receivables Trust, Ser. 2024-C, Cl. A3 |
|
4.43
|
12/17/2029
|
2,677,000
|
2,669,483
|
|
|
|
|
|
24,414,214
|
Asset-Backed
Certificates/Home Equity Loans — .4% | |||||
GS
Mortgage-Backed Securities Trust, Ser. 2024-HE1, Cl. A1,
(1
Month SOFR +
1.60%)(b),(d)
|
|
6.46
|
8/25/2054
|
6,517,308
|
6,538,927
|
MetroNet
Infrastructure Issuer LLC, Ser. 2024-1A, Cl. A2(b)
|
|
6.23
|
4/20/2054
|
425,806
|
435,844
|
RCKT
Mortgage Trust, Ser. 2024-CES2, Cl. A2(b)
|
|
6.39
|
4/25/2044
|
1,441,865
|
1,453,161
|
|
|
|
|
|
8,427,932
|
Asset-Backed
Certificates/Student Loans — .1% | |||||
Commonbond
Student Loan Trust, Ser. 2019-AGS, Cl. A1(b)
|
|
2.54
|
1/25/2047
|
1,856,444
|
1,675,753
|
SMB
Private Education Loan Trust, Ser. 2017-B, Cl. A2B, (1 Month
TSFR
+
0.86%)(b),(d)
|
|
5.67
|
10/15/2035
|
21,062
|
21,037
|
|
|
|
|
|
1,696,790
|
Description
|
|
Coupon
Rate
(%) |
Maturity
Date
|
Principal
Amount
($)(a) |
Value
($) |
Bonds
and Notes — 98.4% (continued) | |||||
Automobiles
& Components — .6% | |||||
Ford
Motor Credit Co. LLC, Sr. Unscd. Notes |
|
2.30
|
2/10/2025
|
8,740,000
|
8,662,480
|
Ford
Motor Credit Co. LLC, Sr. Unscd. Notes |
|
4.54
|
8/1/2026
|
3,004,000
|
2,963,302
|
Ford
Motor Credit Co. LLC, Sr. Unscd. Notes |
|
5.80
|
3/5/2027
|
2,491,000
|
2,513,623
|
|
|
|
|
|
14,139,405
|
Banks
— 6.0% | |||||
Bank
of America Corp., Sr. Unscd. Notes |
|
3.42
|
12/20/2028
|
1,282,000
|
1,229,573
|
Bank
of America Corp., Sr. Unscd. Notes |
|
3.50
|
4/19/2026
|
1,635,000
|
1,610,505
|
Bank
of America Corp., Sr. Unscd. Notes |
|
3.97
|
3/5/2029
|
5,190,000
|
5,040,057
|
Bank
of America Corp., Sr. Unscd. Notes |
|
5.29
|
4/25/2034
|
12,262,000
|
12,321,924
|
Bank
of America Corp., Sr. Unscd. Notes |
|
5.47
|
1/23/2035
|
2,261,000
|
2,295,436
|
Citizens
Bank NA/Providence RI, Sr. Unscd. Notes |
|
2.25
|
4/28/2025
|
580,000
|
571,861
|
Citizens
Financial Group, Inc., Sr. Unscd. Notes |
|
5.72
|
7/23/2032
|
3,648,000
|
3,684,234
|
Citizens
Financial Group, Inc., Sr. Unscd. Notes |
|
5.84
|
1/23/2030
|
1,264,000
|
1,291,177
|
Citizens
Financial Group, Inc., Sr. Unscd. Notes |
|
6.65
|
4/25/2035
|
1,712,000
|
1,828,016
|
Danske
Bank A/S, Sr. Notes(b)
|
|
5.71
|
3/1/2030
|
6,259,000
|
6,390,114
|
Fifth
Third Bancorp, Sr. Unscd. Notes |
|
2.38
|
1/28/2025
|
3,333,000
|
3,311,513
|
ING
Groep NV, Sr. Unscd. Notes |
|
3.87
|
3/28/2026
|
5,462,000
|
5,431,925
|
JPMorgan
Chase & Co., Jr. Sub. Notes, Ser. HH(e)
|
|
4.60
|
2/1/2025
|
663,000
|
661,478
|
JPMorgan
Chase & Co., Sr. Unscd. Notes |
|
2.58
|
4/22/2032
|
10,300,000
|
8,928,333
|
JPMorgan
Chase & Co., Sr. Unscd. Notes |
|
3.96
|
1/29/2027
|
2,670,000
|
2,643,344
|
JPMorgan
Chase & Co., Sr. Unscd. Notes |
|
5.30
|
7/24/2029
|
3,656,000
|
3,711,110
|
JPMorgan
Chase & Co., Sub. Notes |
|
5.72
|
9/14/2033
|
6,225,000
|
6,411,819
|
Morgan
Stanley, Sr. Unscd. Notes |
|
4.43
|
1/23/2030
|
6,852,000
|
6,717,465
|
Morgan
Stanley, Sr. Unscd. Notes |
|
6.63
|
11/1/2034
|
6,110,000
|
6,700,985
|
Morgan
Stanley, Sub. Notes |
|
4.35
|
9/8/2026
|
2,500,000
|
2,483,773
|
Santander
Holdings USA, Inc., Sr. Unscd. Notes |
|
6.50
|
3/9/2029
|
875,000
|
902,269
|
State
Street Corp., Jr. Sub. Notes, Ser. I(e)
|
|
6.70
|
3/15/2029
|
3,436,000
|
3,546,000
|
The
Goldman Sachs Group, Inc., Sr. Unscd. Notes |
|
2.62
|
4/22/2032
|
9,150,000
|
7,879,447
|
The
Goldman Sachs Group, Inc., Sr. Unscd. Notes |
|
3.69
|
6/5/2028
|
700,000
|
680,697
|
The
Goldman Sachs Group, Inc., Sr. Unscd. Notes |
|
3.81
|
4/23/2029
|
1,205,000
|
1,161,938
|
The
Goldman Sachs Group, Inc., Sr. Unscd. Notes |
|
4.48
|
8/23/2028
|
1,810,000
|
1,796,431
|
The
PNC Financial Services Group, Inc., Sr. Unscd. Notes |
|
5.30
|
1/21/2028
|
2,278,000
|
2,305,794
|
The
PNC Financial Services Group, Inc., Sr. Unscd. Notes |
|
6.62
|
10/20/2027
|
2,252,000
|
2,332,623
|
Truist
Financial Corp., Sr. Unscd. Notes |
|
5.87
|
6/8/2034
|
804,000
|
827,077
|
Truist
Financial Corp., Sr. Unscd. Notes |
|
7.16
|
10/30/2029
|
1,221,000
|
1,309,203
|
U.S.
Bancorp, Sr. Unscd. Notes |
|
5.68
|
1/23/2035
|
3,734,000
|
3,828,881
|
U.S.
Bancorp, Sr. Unscd. Notes |
|
5.84
|
6/12/2034
|
1,165,000
|
1,205,043
|
UBS
Group AG, Sr. Unscd. Notes(b)
|
|
3.09
|
5/14/2032
|
722,000
|
636,782
|
UBS
Group AG, Sr. Unscd. Notes(b)
|
|
5.70
|
2/8/2035
|
2,399,000
|
2,457,857
|
UBS
Group AG, Sr. Unscd. Notes(b)
|
|
6.54
|
8/12/2033
|
914,000
|
982,109
|
Wells
Fargo & Co., Sr. Unscd. Notes |
|
5.20
|
1/23/2030
|
2,257,000
|
2,279,912
|
Wells
Fargo & Co., Sr. Unscd. Notes |
|
5.39
|
4/24/2034
|
6,330,000
|
6,375,196
|
Wells
Fargo & Co., Sr. Unscd. Notes |
|
5.57
|
7/25/2029
|
3,779,000
|
3,860,062
|
Wells
Fargo & Co., Sr. Unscd. Notes |
|
6.49
|
10/23/2034
|
6,190,000
|
6,690,792
|
|
|
|
|
|
134,322,755
|
Beverage
Products — .1% | |||||
Anheuser-Busch
Cos. LLC/Anheuser-Busch InBev Worldwide, Inc.,
Gtd.
Notes |
|
4.70
|
2/1/2036
|
1,385,000
|
1,335,381
|
Description
|
|
Coupon
Rate
(%) |
Maturity
Date
|
Principal
Amount
($)(a) |
Value
($) |
Bonds
and Notes — 98.4% (continued) | |||||
Building
Materials — .3% | |||||
Cemex
SAB de CV, Sub. Notes(b),(e)
|
|
9.13
|
3/14/2028
|
964,000
|
1,026,872
|
Owens
Corning, Sr. Unscd. Notes |
|
3.50
|
2/15/2030
|
368,000
|
342,658
|
Smyrna
Ready Mix Concrete LLC, Sr. Scd. Notes(b)
|
|
8.88
|
11/15/2031
|
4,837,000
|
5,085,359
|
|
|
|
|
|
6,454,889
|
Chemicals
— .6% | |||||
Braskem
Netherlands Finance BV, Gtd. Notes(b)
|
|
8.00
|
10/15/2034
|
1,517,000
|
1,514,345
|
Celanese
US Holdings LLC, Gtd. Notes(c)
|
EUR
|
5.34
|
1/19/2029
|
4,000,000
|
4,601,674
|
Celanese
US Holdings LLC, Gtd. Notes |
|
6.55
|
11/15/2030
|
2,381,000
|
2,496,285
|
Solvay
Finance America LLC, Gtd. Notes(b)
|
|
5.85
|
6/4/2034
|
3,672,000
|
3,763,592
|
|
|
|
|
|
12,375,896
|
Collateralized
Loan Obligations Debt — 3.7% | |||||
Antares
Ltd. CLO, Ser. 2017-1A, Cl. BR, (3 Month TSFR +
2.26%)(b),(d)
|
|
6.88
|
4/20/2033
|
275,000
|
275,584
|
Apidos
XXXIX Ltd. CLO, Ser. 2022-39A, Cl. A1, (3 Month TSFR +
1.30%)(b),(d)
|
|
5.92
|
4/21/2035
|
5,000,000
|
5,014,750
|
Ares
XLIX CLO Ltd., Ser. 2018-49A, Cl. XR, (3 Month TSFR +
1.10%)(b),(d)
|
|
5.73
|
10/22/2036
|
6,900,000
|
6,903,926
|
BlackRock
Shasta CLO XIII LLC, Ser. 2024-1A, Cl. A1, (3 Month
TSFR
+
1.85%)(b),(d)
|
|
6.51
|
7/15/2036
|
6,000,000
|
6,032,604
|
Cerberus
Loan Funding XLV LLC, Ser. 2024-1A, Cl. A, (3 Month
TSFR
+
1.90%)(b),(d)
|
|
6.56
|
4/15/2036
|
5,000,000
|
5,020,600
|
Cerberus
Loan Funding XXXIX LP, Ser. 2022-3A, Cl. AR, (3 Month
TSFR
+
1.40%)(b),(d)
|
|
6.06
|
1/15/2033
|
3,689,543
|
3,692,195
|
Churchill
MMSLF CLO-IV Ltd., Ser. 2024-3A, Cl. A, (3 Month TSFR +
1.60%)(b),(d),(f)
|
|
6.00
|
10/22/2035
|
6,000,000
|
6,000,000
|
Fortress
Credit Opportunities IX Ltd. CLO, Ser. 2017-9A, Cl. A1TR,
(3
Month TSFR +
1.81%)(b),(d)
|
|
6.47
|
10/15/2033
|
1,800,000
|
1,802,095
|
Golub
Capital Partners Ltd. CLO, Ser. 2020-47A, Cl. CR, (3 Month
TSFR
+
2.40%)(b),(d)
|
|
7.73
|
8/5/2037
|
5,481,000
|
5,480,847
|
IVY
Hill Middle Market Credit Fund XII Ltd., Ser. 12A, Cl. A2AR,
(3
Month TSFR +
2.16%)(b),(d)
|
|
6.78
|
7/20/2033
|
340,000
|
340,680
|
IVY
Hill Middle Market Credit Fund XVIII Ltd., Ser. 18A, Cl. A,
(3
Month TSFR +
1.76%)(b),(d)
|
|
6.39
|
4/22/2033
|
7,850,000
|
7,865,755
|
IVY
Hill Middle Market Credit Fund XVIII Ltd., Ser. 18A, Cl. A1R,
(3
Month TSFR +
1.58%)(b),(d)
|
|
6.04
|
1/22/2037
|
7,850,000
|
7,855,887
|
MCF
CLO VIII Ltd., Ser. 2018-1A, Cl. AR, (3 Month TSFR +
1.95%)(b),(d)
|
|
6.58
|
4/18/2036
|
4,550,000
|
4,591,714
|
MCF
CLO VIII Ltd., Ser. 2018-1A, Cl. CR, (3 Month TSFR +
3.10%)(b),(d)
|
|
7.73
|
4/18/2036
|
6,500,000
|
6,563,148
|
MF1
Ltd. CLO, Ser. 2021-FL7, Cl. AS, (1 Month TSFR +
1.56%)(b),(d)
|
|
6.32
|
10/16/2036
|
6,578,500
|
6,518,754
|
MF1
Ltd. CLO, Ser. 2022-FL8, Cl. A, (1 Month TSFR +
1.35%)(b),(d)
|
|
6.11
|
2/19/2037
|
3,327,843
|
3,321,304
|
Neuberger
Berman Loan Advisers 47 Ltd. CLO, Ser. 2022-47A, Cl.
A,
(3 Month TSFR +
1.30%)(b),(d)
|
|
5.95
|
4/14/2035
|
5,680,688
|
5,689,084
|
|
|
|
|
|
82,968,927
|
Commercial
& Professional Services — .7% | |||||
Ashtead
Capital, Inc., Gtd. Notes(b)
|
|
4.00
|
5/1/2028
|
1,386,000
|
1,336,118
|
Ashtead
Capital, Inc., Gtd. Notes(b)
|
|
5.95
|
10/15/2033
|
2,656,000
|
2,717,597
|
Belron
UK Finance PLC, Sr. Scd. Notes(b)
|
|
5.75
|
10/15/2029
|
720,000
|
721,951
|
Description
|
|
Coupon
Rate
(%) |
Maturity
Date
|
Principal
Amount
($)(a) |
Value
($) |
Bonds
and Notes — 98.4% (continued) | |||||
Commercial
& Professional Services — .7% (continued) | |||||
DP
World Ltd./United Arab Emirates, Sr. Unscd. Notes |
|
6.85
|
7/2/2037
|
690,000
|
762,727
|
ERAC
USA Finance LLC, Gtd. Notes(b)
|
|
3.85
|
11/15/2024
|
1,895,000
|
1,894,052
|
ERAC
USA Finance LLC, Gtd. Notes(b)
|
|
5.20
|
10/30/2034
|
2,830,000
|
2,855,251
|
Global
Payments, Inc., Sr. Unscd. Notes(c)
|
|
5.40
|
8/15/2032
|
1,159,000
|
1,165,043
|
Herc
Holdings, Inc., Gtd. Notes(b)
|
|
5.50
|
7/15/2027
|
1,292,000
|
1,284,493
|
Prime
Security Services Borrower LLC/Prime Finance, Inc., Sr. Scd.
Notes(b)
|
|
3.38
|
8/31/2027
|
1,433,000
|
1,350,019
|
Triton
Container International, Ltd., Gtd. Notes(b)
|
|
3.15
|
6/15/2031
|
1,146,000
|
977,769
|
|
|
|
|
|
15,065,020
|
Commercial
Mortgage Pass-Through Certificates — 1.4% | |||||
Angel
Oak Mortgage Trust, Ser. 2024-3, Cl. A2(b)
|
|
4.80
|
11/26/2068
|
372,030
|
362,766
|
BRAVO
Residential Funding Trust, Ser. 2023-NQM5, Cl. A2(b)
|
|
6.86
|
6/25/2063
|
1,087,585
|
1,099,188
|
BXHPP
Trust, Ser. 2021-FILM, Cl. C, (1 Month TSFR +
1.21%)(b),(d)
|
|
6.02
|
8/15/2036
|
1,181,000
|
1,104,035
|
COLT
Mortgage Loan Trust, Ser. 2023-3, Cl. A2(b)
|
|
7.43
|
9/25/2068
|
2,507,819
|
2,553,043
|
Commercial
Mortgage Trust, Ser. 2015-DC1, Cl. A5 |
|
3.35
|
2/10/2048
|
2,570,000
|
2,560,704
|
Commercial
Mortgage Trust, Ser. 2020-CX, Cl. D(b)
|
|
2.68
|
11/10/2046
|
705,000
|
547,620
|
Cross
Mortgage Trust, Ser. 2024-H2, Cl. A2(b)
|
|
6.42
|
4/25/2069
|
1,041,899
|
1,047,369
|
Cross
Mortgage Trust, Ser. 2024-H2, Cl. A3(b)
|
|
6.52
|
4/25/2069
|
1,348,736
|
1,353,751
|
Cross
Mortgage Trust, Ser. 2024-H3, Cl. A2(b)
|
|
6.58
|
6/25/2069
|
2,835,069
|
2,862,143
|
Houston
Galleria Mall Trust, Ser. 2015-HGLR, Cl. A1A2(b)
|
|
3.09
|
3/5/2037
|
865,000
|
855,843
|
Imperial
Fund Mortgage Trust, Ser. 2023-NQM1, Cl. A1(b)
|
|
5.94
|
2/25/2068
|
1,083,023
|
1,083,957
|
JPMorgan
Mortgage Trust, Ser. 2024-CES1, Cl. A2(b)
|
|
6.15
|
6/25/2054
|
1,905,618
|
1,906,114
|
New
Residential Mortgage Loan Trust, Ser. 2021-NQ2R, Cl. A1(b)
|
|
0.94
|
10/25/2058
|
902,922
|
843,582
|
New
Residential Mortgage Loan Trust, Ser. 2022-NQM1, Cl. A1(b)
|
|
2.28
|
4/25/2061
|
5,921,702
|
5,132,962
|
NYMT
Loan Trust, Ser. 2024-BPL2, Cl. A1(b)
|
|
6.51
|
5/25/2039
|
4,605,000
|
4,633,125
|
Towd
Point Mortgage Trust, Ser. 2023-1, Cl. A1(b)
|
|
3.75
|
1/25/2063
|
966,107
|
918,963
|
Verus
Securitization Trust, Ser. 2020-1, Cl. A1(b)
|
|
3.42
|
1/25/2060
|
136,098
|
132,636
|
Wells
Fargo Commercial Mortgage Trust, Ser. 2015-C31, Cl. A3 |
|
3.43
|
11/15/2048
|
1,834,566
|
1,816,439
|
|
|
|
|
|
30,814,240
|
Consumer
Discretionary — .7% | |||||
Carnival
Corp., Gtd. Notes(b)
|
|
6.00
|
5/1/2029
|
1,310,000
|
1,313,040
|
Las
Vegas Sands Corp., Sr. Unscd. Notes |
|
3.50
|
8/18/2026
|
5,000,000
|
4,867,664
|
Life
Time, Inc., Sr. Scd. Notes(b),(f)
|
|
6.00
|
11/15/2031
|
1,708,000
|
1,701,815
|
Whirlpool
Corp., Sr. Unscd. Notes(c)
|
|
5.75
|
3/1/2034
|
3,889,000
|
3,875,823
|
Wynn
Macau Ltd., Sr. Unscd. Notes(b)
|
|
5.63
|
8/26/2028
|
3,700,000
|
3,554,607
|
|
|
|
|
|
15,312,949
|
Diversified
Financials — .6% | |||||
AerCap
Ireland Capital DAC/AerCap Global Aviation Trust, Gtd.
Notes
|
|
6.95
|
3/10/2055
|
778,000
|
802,324
|
Aircastle
Ltd./Aircastle Ireland DAC, Sr. Unscd. Notes(b)
|
|
5.75
|
10/1/2031
|
1,539,000
|
1,563,320
|
Ally
Financial, Inc., Gtd. Notes |
|
8.00
|
11/1/2031
|
4,581,000
|
5,099,564
|
LSEGA
Financing PLC, Gtd. Notes(b)
|
|
1.38
|
4/6/2026
|
3,953,000
|
3,776,075
|
LSEGA
Financing PLC, Gtd. Notes(b)
|
|
2.50
|
4/6/2031
|
1,701,000
|
1,467,395
|
Nasdaq,
Inc., Sr. Unscd. Notes |
|
5.35
|
6/28/2028
|
1,069,000
|
1,091,829
|
|
|
|
|
|
13,800,507
|
Energy
— 4.6% | |||||
BP
Capital Markets PLC, Gtd. Notes(e)
|
|
4.38
|
6/22/2025
|
933,000
|
926,922
|
Cheniere
Energy Partners LP, Gtd. Notes |
|
3.25
|
1/31/2032
|
650,000
|
566,071
|
Description
|
|
Coupon
Rate
(%) |
Maturity
Date
|
Principal
Amount
($)(a) |
Value
($) |
Bonds
and Notes — 98.4% (continued) | |||||
Energy
— 4.6% (continued) | |||||
Cheniere
Energy Partners LP, Gtd. Notes |
|
5.95
|
6/30/2033
|
662,000
|
681,320
|
Cheniere
Energy, Inc., Sr. Unscd. Notes |
|
5.65
|
4/15/2034
|
1,317,000
|
1,326,401
|
CITGO
Petroleum Corp., Sr. Scd. Notes(b),(c)
|
|
8.38
|
1/15/2029
|
3,334,000
|
3,470,767
|
Columbia
Pipelines Holding Co. LLC, Sr. Unscd. Notes(b)
|
|
5.10
|
10/1/2031
|
2,528,000
|
2,472,560
|
CVR
Energy, Inc., Gtd. Notes(b)
|
|
5.75
|
2/15/2028
|
3,388,000
|
3,093,202
|
DT
Midstream, Inc., Sr. Scd. Notes(b)
|
|
4.30
|
4/15/2032
|
2,982,000
|
2,739,292
|
Eastern
Energy Gas Holdings LLC, Sr. Unscd. Notes |
|
5.65
|
10/15/2054
|
1,623,000
|
1,587,545
|
Empresa
Nacional del Petroleo, Sr. Unscd. Notes(b)
|
|
5.95
|
7/30/2034
|
681,000
|
687,958
|
Enbridge,
Inc., Jr. Sub. Notes |
|
7.38
|
3/15/2055
|
5,806,000
|
5,975,524
|
Energy
Transfer LP, Gtd. Notes(b)
|
|
7.38
|
2/1/2031
|
2,625,000
|
2,764,393
|
Energy
Transfer LP, Sr. Unscd. Notes |
|
3.75
|
5/15/2030
|
1,690,000
|
1,576,964
|
Energy
Transfer LP, Sr. Unscd. Notes |
|
5.55
|
5/15/2034
|
538,000
|
540,637
|
Energy
Transfer LP, Sr. Unscd. Notes |
|
5.95
|
5/15/2054
|
1,332,000
|
1,313,122
|
Energy
Transfer LP, Sr. Unscd. Notes |
|
6.25
|
4/15/2049
|
7,280,000
|
7,403,519
|
Global
Partners LP/GLP Finance Corp., Gtd. Notes |
|
6.88
|
1/15/2029
|
1,224,000
|
1,222,748
|
Global
Partners LP/GLP Finance Corp., Gtd. Notes(b)
|
|
8.25
|
1/15/2032
|
2,622,000
|
2,677,484
|
Hess
Midstream Operations LP, Gtd. Notes(b)
|
|
5.50
|
10/15/2030
|
1,215,000
|
1,188,116
|
Hilcorp
Energy I LP/Hilcorp Finance Co., Sr. Unscd. Notes(b)
|
|
7.25
|
2/15/2035
|
5,567,000
|
5,465,126
|
Howard
Midstream Energy Partners LLC, Sr. Unscd. Notes(b)
|
|
7.38
|
7/15/2032
|
787,000
|
803,455
|
Howard
Midstream Energy Partners LLC, Sr. Unscd. Notes(b)
|
|
8.88
|
7/15/2028
|
1,819,000
|
1,920,644
|
Ithaca
Energy North Sea PLC, Sr. Unscd. Notes(b),(c)
|
|
8.13
|
10/15/2029
|
5,530,000
|
5,545,219
|
MPLX
LP, Sr. Unscd. Notes |
|
4.13
|
3/1/2027
|
855,000
|
843,168
|
MPLX
LP, Sr. Unscd. Notes |
|
5.20
|
12/1/2047
|
1,180,000
|
1,054,714
|
NGPL
PipeCo LLC, Sr. Unscd. Notes(b)
|
|
3.25
|
7/15/2031
|
2,644,000
|
2,288,812
|
NGPL
PipeCo LLC, Sr. Unscd. Notes(b)
|
|
7.77
|
12/15/2037
|
2,180,000
|
2,475,686
|
Occidental
Petroleum Corp., Sr. Unscd. Notes |
|
6.45
|
9/15/2036
|
5,605,000
|
5,800,766
|
ONEOK,
Inc., Gtd. Notes |
|
5.80
|
11/1/2030
|
1,366,000
|
1,418,296
|
ONEOK,
Inc., Gtd. Notes |
|
6.05
|
9/1/2033
|
6,445,000
|
6,710,982
|
ONEOK,
Inc., Gtd. Notes |
|
6.10
|
11/15/2032
|
779,000
|
820,291
|
Petroleos
Mexicanos, Gtd. Notes |
|
6.50
|
3/13/2027
|
5,665,000
|
5,563,151
|
Saudi
Arabian Oil Co., Sr. Unscd. Notes(b)
|
|
5.75
|
7/17/2054
|
2,985,000
|
2,885,513
|
South
Bow USA Infrastructure Holdings LLC, Gtd. Notes(b)
|
|
5.03
|
10/1/2029
|
2,093,000
|
2,060,018
|
Targa
Resources Partners LP/Targa Resources Partners Finance
Corp.,
Gtd. Notes |
|
4.88
|
2/1/2031
|
1,595,000
|
1,548,865
|
Targa
Resources Partners LP/Targa Resources Partners Finance
Corp.,
Gtd. Notes |
|
5.00
|
1/15/2028
|
1,136,000
|
1,129,737
|
Targa
Resources Partners LP/Targa Resources Partners Finance
Corp.,
Gtd. Notes |
|
5.50
|
3/1/2030
|
5,070,000
|
5,083,441
|
The
Williams Companies, Inc., Sr. Unscd. Notes |
|
5.15
|
3/15/2034
|
8,410,000
|
8,284,543
|
|
|
|
|
|
103,916,972
|
Food
Products — 1.1% | |||||
Bimbo
Bakeries USA, Inc., Gtd. Notes(b)
|
|
4.00
|
5/17/2051
|
2,595,000
|
1,989,840
|
Bimbo
Bakeries USA, Inc., Gtd. Notes(b)
|
|
5.38
|
1/9/2036
|
417,000
|
410,056
|
Bimbo
Bakeries USA, Inc., Gtd. Notes(b)
|
|
6.40
|
1/15/2034
|
3,274,000
|
3,482,636
|
JBS
USA Holding Lux Sarl/JBS USA Food Co./JBS Lux Co. Sarl, Gtd.
Notes
|
|
3.63
|
1/15/2032
|
1,477,000
|
1,304,704
|
MARB
BondCo PLC, Gtd. Notes(b)
|
|
3.95
|
1/29/2031
|
898,000
|
777,139
|
NBM
US Holdings, Inc., Gtd. Notes(b)
|
|
6.63
|
8/6/2029
|
970,000
|
968,189
|
Description
|
|
Coupon
Rate
(%) |
Maturity
Date
|
Principal
Amount
($)(a) |
Value
($) |
Bonds
and Notes — 98.4% (continued) | |||||
Food
Products — 1.1% (continued) | |||||
The
J.M. Smucker Company, Sr. Unscd. Notes |
|
4.25
|
3/15/2035
|
6,000,000
|
5,528,697
|
The
J.M. Smucker Company, Sr. Unscd. Notes |
|
6.50
|
11/15/2053
|
921,000
|
1,014,600
|
The
Kroger Company, Sr. Unscd. Notes |
|
4.65
|
9/15/2029
|
6,433,000
|
6,434,219
|
Viking
Baked Goods Acquisition Corp., Sr. Scd. Notes(b)
|
|
8.63
|
11/1/2031
|
1,641,000
|
1,639,878
|
|
|
|
|
|
23,549,958
|
Foreign
Governmental — 4.2% | |||||
Hungary,
Sr. Unscd. Notes(b)
|
|
6.75
|
9/25/2052
|
790,000
|
841,335
|
Japan,
(30 Year Issue), Bonds, Ser. 83 |
JPY
|
2.20
|
6/20/2054
|
3,825,100,000
|
25,206,088
|
New
South Wales Treasury Corp., Govt. Gtd. Notes |
AUD
|
1.75
|
3/20/2034
|
10,300,000
|
5,069,384
|
Peru,
Sr. Unscd. Notes(b)
|
PEN
|
7.30
|
8/12/2033
|
28,915,000
|
7,973,004
|
Poland,
Sr. Unscd. Notes |
|
5.50
|
3/18/2054
|
3,512,000
|
3,394,773
|
Romania,
Sr. Unscd. Notes(b)
|
|
5.75
|
3/24/2035
|
5,740,000
|
5,416,172
|
Treasury
Corp. of Victoria, Govt. Gtd. Notes |
AUD
|
5.25
|
9/15/2038
|
21,400,000
|
13,575,917
|
United
Kingdom Gilt, Bonds |
GBP
|
1.50
|
7/31/2053
|
50,571,000
|
31,673,207
|
|
|
|
|
|
93,149,880
|
Forest
Products & Paper — .2% | |||||
Suzano
Austria GmbH, Gtd. Notes |
|
3.75
|
1/15/2031
|
5,766,000
|
5,146,080
|
Health
Care — 1.2% | |||||
Amgen,
Inc., Sr. Unscd. Notes |
|
5.25
|
3/2/2030
|
693,000
|
707,060
|
Amgen,
Inc., Sr. Unscd. Notes |
|
5.65
|
3/2/2053
|
1,659,000
|
1,670,169
|
Bayer
US Finance II LLC, Gtd. Notes(b)
|
|
4.63
|
6/25/2038
|
1,807,000
|
1,562,482
|
Bayer
US Finance LLC, Gtd. Notes(b)
|
|
6.50
|
11/21/2033
|
2,095,000
|
2,200,075
|
CVS
Health Corp., Sr. Unscd. Notes |
|
1.30
|
8/21/2027
|
2,627,000
|
2,379,897
|
CVS
Health Corp., Sr. Unscd. Notes |
|
4.25
|
4/1/2050
|
1,660,000
|
1,268,167
|
GE
HealthCare Technologies, Inc., Sr. Unscd. Notes |
|
4.80
|
8/14/2029
|
1,919,000
|
1,916,314
|
HCA,
Inc., Gtd. Notes |
|
3.13
|
3/15/2027
|
851,000
|
818,851
|
HCA,
Inc., Gtd. Notes |
|
5.45
|
9/15/2034
|
1,904,000
|
1,891,199
|
Royalty
Pharma PLC, Gtd. Notes(c)
|
|
2.15
|
9/2/2031
|
2,258,000
|
1,871,948
|
Royalty
Pharma PLC, Gtd. Notes |
|
2.20
|
9/2/2030
|
4,242,000
|
3,624,606
|
STERIS
Irish FinCo Unlimited Co., Gtd. Notes |
|
2.70
|
3/15/2031
|
1,724,000
|
1,496,886
|
Teva
Pharmaceutical Finance Netherlands III BV, Gtd. Notes |
|
5.13
|
5/9/2029
|
355,000
|
345,038
|
UnitedHealth
Group, Inc., Sr. Unscd. Notes |
|
3.05
|
5/15/2041
|
2,964,000
|
2,221,376
|
Zimmer
Biomet Holdings, Inc., Sr. Unscd. Notes |
|
5.35
|
12/1/2028
|
2,323,000
|
2,369,695
|
|
|
|
|
|
26,343,763
|
Industrial
— .3% | |||||
Benteler
International AG, Sr. Scd. Notes(b)
|
|
10.50
|
5/15/2028
|
3,219,000
|
3,331,160
|
Penske
Truck Leasing Co. LP/PTL Finance Corp., Sr. Unscd.
Notes(b)
|
|
1.20
|
11/15/2025
|
3,470,000
|
3,341,616
|
Terex
Corp., Gtd. Notes(b)
|
|
6.25
|
10/15/2032
|
494,000
|
492,101
|
|
|
|
|
|
7,164,877
|
Information
Technology — .5% | |||||
Fiserv,
Inc., Sr. Unscd. Notes |
|
5.60
|
3/2/2033
|
795,000
|
817,578
|
Oracle
Corp., Sr. Unscd. Notes |
|
5.38
|
9/27/2054
|
7,580,000
|
7,216,794
|
VMware
LLC, Sr. Unscd. Notes |
|
2.20
|
8/15/2031
|
3,657,000
|
3,055,609
|
|
|
|
|
|
11,089,981
|
Insurance
— .6% | |||||
Allianz
SE, Jr. Sub. Notes(b),(e)
|
|
3.20
|
10/30/2027
|
1,800,000
|
1,545,157
|
Allianz
SE, Jr. Sub. Notes(b),(e)
|
|
3.50
|
11/17/2025
|
1,600,000
|
1,541,187
|
Description
|
|
Coupon
Rate
(%) |
Maturity
Date
|
Principal
Amount
($)(a) |
Value
($) |
Bonds
and Notes — 98.4% (continued) | |||||
Insurance
— .6% (continued) | |||||
American
International Group, Inc., Sr. Unscd. Notes |
|
4.38
|
6/30/2050
|
4,150,000
|
3,534,389
|
Corebridge
Financial, Inc., Sr. Unscd. Notes |
|
5.75
|
1/15/2034
|
4,058,000
|
4,155,989
|
The
Allstate Corp., Jr. Sub. Notes |
|
6.50
|
5/15/2057
|
2,325,000
|
2,409,811
|
Unum
Group, Sr. Unscd. Notes(c)
|
|
6.00
|
6/15/2054
|
1,243,000
|
1,260,753
|
|
|
|
|
|
14,447,286
|
Materials
— .2% | |||||
Ardagh
Metal Packaging Finance USA LLC/Ardagh Metal
Packaging
Finance PLC, Sr. Unscd. Notes(b)
|
|
4.00
|
9/1/2029
|
584,000
|
512,844
|
Sealed
Air Corp., Sr. Scd. Notes(b)
|
|
1.57
|
10/15/2026
|
3,734,000
|
3,489,538
|
|
|
|
|
|
4,002,382
|
Media
— .2% | |||||
Charter
Communications Operating LLC/Charter Communications
Operating
Capital, Sr. Scd. Notes |
|
5.38
|
5/1/2047
|
1,446,000
|
1,183,028
|
Sunrise
FinCo I BV, Sr. Scd. Notes(b)
|
|
4.88
|
7/15/2031
|
4,248,000
|
3,890,722
|
|
|
|
|
|
5,073,750
|
Metals
& Mining — .3% | |||||
AngloGold
Ashanti Holdings PLC, Gtd. Notes |
|
3.75
|
10/1/2030
|
2,163,000
|
1,962,269
|
Cleveland-Cliffs,
Inc., Gtd. Notes(b),(c)
|
|
7.00
|
3/15/2032
|
2,966,000
|
2,973,060
|
Newmont
Corp./Newcrest Finance Pty Ltd., Gtd. Notes |
|
3.25
|
5/13/2030
|
1,171,000
|
1,084,323
|
|
|
|
|
|
6,019,652
|
Municipal
Securities — .3% | |||||
California,
GO (Build America Bonds) |
|
7.30
|
10/1/2039
|
3,705,000
|
4,319,577
|
New
York City, GO (Build America Bonds) Ser. D |
|
5.99
|
12/1/2036
|
980,000
|
1,019,895
|
University
of Michigan, Revenue Bonds, Refunding, Ser. C |
|
3.60
|
4/1/2047
|
2,449,000
|
2,050,522
|
|
|
|
|
|
7,389,994
|
Real
Estate — 2.3% | |||||
Agree
LP, Gtd. Notes |
|
2.00
|
6/15/2028
|
8,850,000
|
7,989,220
|
Alexandria
Real Estate Equities, Inc., Gtd. Notes |
|
4.75
|
4/15/2035
|
566,000
|
542,029
|
American
Homes 4 Rent LP, Sr. Unscd. Notes |
|
5.50
|
2/1/2034
|
5,475,000
|
5,507,336
|
American
Tower Corp., Sr. Unscd. Notes |
|
5.55
|
7/15/2033
|
2,412,000
|
2,462,449
|
Brixmor
Operating Partnership LP, Sr. Unscd. Notes |
|
3.85
|
2/1/2025
|
1,158,000
|
1,153,749
|
EPR
Properties, Gtd. Notes |
|
4.50
|
4/1/2025
|
3,802,000
|
3,788,644
|
EPR
Properties, Gtd. Notes |
|
4.75
|
12/15/2026
|
5,000,000
|
4,957,216
|
Extra
Space Storage LP, Gtd. Notes |
|
2.35
|
3/15/2032
|
1,582,000
|
1,303,075
|
Extra
Space Storage LP, Gtd. Notes |
|
5.70
|
4/1/2028
|
860,000
|
881,715
|
Healthcare
Realty Holdings LP, Gtd. Notes |
|
3.50
|
8/1/2026
|
7,500,000
|
7,327,041
|
Kite
Realty Group LP, Sr. Unscd. Notes |
|
4.00
|
10/1/2026
|
1,071,000
|
1,050,877
|
Kite
Realty Group LP, Sr. Unscd. Notes |
|
4.95
|
12/15/2031
|
2,393,000
|
2,349,211
|
Kite
Realty Group LP, Sr. Unscd. Notes |
|
5.50
|
3/1/2034
|
407,000
|
409,959
|
Kite
Realty Group Trust, Sr. Unscd. Notes |
|
4.00
|
3/15/2025
|
1,250,000
|
1,245,048
|
Phillips
Edison Grocery Center Operating Partnership I LP, Gtd.
Notes
|
|
5.75
|
7/15/2034
|
2,012,000
|
2,042,348
|
Rexford
Industrial Realty LP, Gtd. Notes |
|
2.15
|
9/1/2031
|
2,170,000
|
1,791,509
|
SBA
Tower Trust, Asset Backed Notes(b)
|
|
2.59
|
10/15/2031
|
3,251,000
|
2,705,081
|
Scentre
Group Trust 2, Gtd. Notes(b)
|
|
4.75
|
9/24/2080
|
1,696,000
|
1,683,546
|
VICI
Properties LP/VICI Note Co., Inc., Gtd. Notes(b)
|
|
3.50
|
2/15/2025
|
2,785,000
|
2,769,001
|
|
|
|
|
|
51,959,054
|
Description
|
|
Coupon
Rate
(%) |
Maturity
Date
|
Principal
Amount
($)(a) |
Value
($) |
Bonds
and Notes — 98.4% (continued) | |||||
Retailing
— .4% | |||||
Asbury
Automotive Group, Inc., Gtd. Notes(b),(c)
|
|
5.00
|
2/15/2032
|
3,396,000
|
3,131,034
|
AutoZone,
Inc., Sr. Unscd. Notes |
|
4.75
|
2/1/2033
|
2,195,000
|
2,136,555
|
Macy’s
Retail Holdings LLC, Gtd. Notes(b)
|
|
5.88
|
3/15/2030
|
4,292,000
|
4,155,797
|
|
|
|
|
|
9,423,386
|
Semiconductors
& Semiconductor Equipment — .4% | |||||
Broadcom,
Inc., Sr. Unscd. Notes(b)
|
|
3.19
|
11/15/2036
|
994,000
|
808,011
|
Micron
Technology, Inc., Sr. Unscd. Notes |
|
5.30
|
1/15/2031
|
1,347,000
|
1,357,313
|
NXP
BV/NXP Funding LLC/NXP USA, Inc., Gtd. Notes |
|
3.25
|
5/11/2041
|
6,525,000
|
4,900,040
|
NXP
BV/NXP Funding LLC/NXP USA, Inc., Gtd. Notes |
|
4.30
|
6/18/2029
|
1,708,000
|
1,661,917
|
|
|
|
|
|
8,727,281
|
Technology
Hardware & Equipment — .1% | |||||
Dell
International LLC/EMC Corp., Gtd. Notes |
|
3.45
|
12/15/2051
|
1,373,000
|
961,033
|
Dell
International LLC/EMC Corp., Sr. Unscd. Notes |
|
6.02
|
6/15/2026
|
472,000
|
480,128
|
Kyndryl
Holdings, Inc., Sr. Unscd. Notes |
|
2.05
|
10/15/2026
|
1,821,000
|
1,725,300
|
|
|
|
|
|
3,166,461
|
Telecommunication
Services — 1.5% | |||||
AT&T,
Inc., Sr. Unscd. Notes |
|
2.55
|
12/1/2033
|
9,905,000
|
8,060,399
|
AT&T,
Inc., Sr. Unscd. Notes |
|
4.90
|
8/15/2037
|
1,065,000
|
1,018,341
|
Iliad
Holding SASU, Sr. Scd. Notes(b),(c)
|
|
8.50
|
4/15/2031
|
1,849,000
|
1,971,138
|
Telefonica
Emisiones SA, Gtd. Bonds |
|
5.21
|
3/8/2047
|
1,010,000
|
918,599
|
T-Mobile
USA, Inc., Gtd. Notes |
|
2.40
|
3/15/2029
|
2,093,000
|
1,894,254
|
T-Mobile
USA, Inc., Gtd. Notes |
|
6.00
|
6/15/2054
|
2,574,000
|
2,705,859
|
Verizon
Communications, Inc., Sr. Unscd. Notes |
EUR
|
3.50
|
6/28/2032
|
16,048,000
|
17,564,683
|
|
|
|
|
|
34,133,273
|
Transportation
— .1% | |||||
Norfolk
Southern Corp., Sr. Unscd. Notes |
|
5.55
|
3/15/2034
|
1,544,000
|
1,600,066
|
U.S.
Government Agencies Collateralized Mortgage Obligations — .2% | |||||
Federal
Home Loan Mortgage Corp., REMIC, Ser. 5010, Cl. EA(g)
|
|
1.00
|
8/15/2047
|
3,993,991
|
3,577,181
|
Government
National Mortgage Association, Ser. 2023-19, Cl. WB |
|
5.67
|
11/20/2051
|
1,421,228
|
1,447,639
|
|
|
|
|
|
5,024,820
|
U.S.
Government Agencies Mortgage-Backed — 27.4% | |||||
Federal
Home Loan Mortgage Corp.: | |||||
2.00%,
9/1/2050-3/1/2051(g)
|
|
|
|
10,333,247
|
8,296,069
|
2.50%,
7/1/2050-3/1/2052(g)
|
|
|
|
93,657,167
|
78,736,294
|
3.00%,
9/1/2047-7/1/2052(g)
|
|
|
|
36,625,003
|
32,048,140
|
3.50%,
8/1/2046-12/1/2048(g)
|
|
|
|
46,016,328
|
41,769,963
|
4.50%,
6/1/2052-10/1/2052(g)
|
|
|
|
8,468,123
|
8,081,212
|
5.00%,
9/1/2052-11/1/2054(g)
|
|
|
|
56,867,992
|
54,939,958
|
5.50%,
9/1/2052-4/1/2054(g)
|
|
|
|
23,320,477
|
23,438,291
|
Federal
National Mortgage Association: | |||||
2.00%,
3/1/2036-9/1/2050(g)
|
|
|
|
24,628,647
|
20,768,552
|
2.50%,
5/1/2037-4/1/2052(g)
|
|
|
|
55,778,983
|
47,191,874
|
3.00%,
10/1/2030-3/1/2052(g)
|
|
|
|
102,526,277
|
90,358,773
|
3.50%,
11/1/2042-7/1/2052(g)
|
|
|
|
22,645,109
|
20,517,480
|
4.00%,
5/1/2052-7/1/2052(g)
|
|
|
|
36,142,130
|
33,686,434
|
4.50%,
3/1/2038-7/1/2052(g)
|
|
|
|
26,308,344
|
25,374,320
|
5.00%,
7/1/2052-10/1/2054(g)
|
|
|
|
47,354,248
|
46,260,082
|
5.50%,
11/1/2053-9/1/2054(g)
|
|
|
|
47,234,748
|
47,206,908
|
Description
|
|
Coupon
Rate
(%) |
Maturity
Date
|
Principal
Amount
($)(a) |
Value
($) |
Bonds
and Notes — 98.4% (continued) | |||||
U.S.
Government Agencies Mortgage-Backed — 27.4% (continued) | |||||
Government
National Mortgage Association II: | |||||
2.00%,
10/20/2050 |
|
|
|
7,583,022
|
6,106,867
|
2.50%,
10/20/2046-10/20/2050 |
|
|
|
25,584,160
|
22,038,348
|
3.00%,
8/20/2046-12/20/2048 |
|
|
|
5,390,735
|
4,792,201
|
4.00%,
1/20/2048 |
|
|
|
667,535
|
629,312
|
4.50%,
7/20/2048 |
|
|
|
1,247,626
|
1,207,516
|
|
|
|
|
|
613,448,594
|
U.S.
Treasury Securities — 27.8% | |||||
U.S.
Treasury Bonds(c)
|
|
4.13
|
8/15/2044
|
3,350,000
|
3,146,383
|
U.S.
Treasury Bonds |
|
4.38
|
8/15/2043
|
10,335,200
|
10,081,665
|
U.S.
Treasury Bonds |
|
4.50
|
2/15/2044
|
15,431,000
|
15,267,046
|
U.S.
Treasury Bonds |
|
4.63
|
5/15/2054
|
34,228,000
|
35,035,567
|
U.S.
Treasury Bonds |
|
4.63
|
5/15/2044
|
75,277,000
|
75,676,909
|
U.S.
Treasury Bonds |
|
4.75
|
11/15/2043
|
39,866,000
|
40,815,932
|
U.S.
Treasury Bonds(c)
|
|
5.00
|
5/15/2037
|
3,011,300
|
3,217,151
|
U.S.
Treasury Notes(c)
|
|
3.50
|
9/30/2029
|
3,174,000
|
3,082,995
|
U.S.
Treasury Notes |
|
3.75
|
8/31/2026
|
2,040,000
|
2,024,700
|
U.S.
Treasury Notes |
|
3.75
|
8/31/2031
|
4,269,000
|
4,148,934
|
U.S.
Treasury Notes |
|
3.88
|
8/15/2034
|
12,895,000
|
12,477,927
|
U.S.
Treasury Notes |
|
4.25
|
6/30/2031
|
88,779,000
|
88,909,047
|
U.S.
Treasury Notes |
|
4.38
|
5/15/2034
|
37,835,000
|
38,109,895
|
U.S.
Treasury Notes |
|
4.50
|
5/31/2029
|
65,014,000
|
65,960,004
|
U.S.
Treasury Notes |
|
4.63
|
10/15/2026
|
26,987,000
|
27,219,974
|
U.S.
Treasury Notes |
|
4.63
|
4/30/2029
|
69,482,000
|
70,810,571
|
U.S.
Treasury Notes |
|
4.63
|
5/31/2031
|
1,870,000
|
1,912,477
|
U.S.
Treasury Notes |
|
4.88
|
11/30/2025
|
36,546,000
|
36,756,831
|
U.S.
Treasury Notes |
|
5.00
|
8/31/2025
|
88,143,000
|
88,562,618
|
|
|
|
|
|
623,216,626
|
Utilities
— 2.8% | |||||
AES
Andes SA, Jr. Sub. Notes(b)
|
|
6.35
|
10/7/2079
|
1,419,000
|
1,410,945
|
AES
Panama Generation Holdings SRL, Sr. Scd. Notes(b)
|
|
4.38
|
5/31/2030
|
1,284,589
|
1,135,397
|
Ameren
Corp., Sr. Unscd. Notes |
|
1.75
|
3/15/2028
|
3,952,000
|
3,577,038
|
Arizona
Public Service Co., Sr. Unscd. Notes |
|
4.25
|
3/1/2049
|
4,338,000
|
3,498,088
|
Baltimore
Gas & Electric Co., Sr. Unscd. Notes |
|
2.25
|
6/15/2031
|
5,026,000
|
4,308,739
|
CMS
Energy Corp., Jr. Sub. Notes |
|
3.75
|
12/1/2050
|
1,186,000
|
1,042,349
|
Constellation
Energy Generation LLC, Sr. Unscd. Notes |
|
5.80
|
3/1/2033
|
2,736,000
|
2,846,135
|
DTE
Energy Co., Sr. Unscd. Notes |
|
4.95
|
7/1/2027
|
2,703,000
|
2,718,509
|
Duke
Energy Corp., Sr. Unscd. Notes |
|
5.00
|
8/15/2052
|
5,050,000
|
4,562,873
|
Electricite
de France SA, Sr. Unscd. Notes(b)
|
|
5.70
|
5/23/2028
|
583,000
|
598,047
|
Electricite
de France SA, Sr. Unscd. Notes(b)
|
|
6.90
|
5/23/2053
|
1,361,000
|
1,513,845
|
Enel
Finance America LLC, Gtd. Notes(b)
|
|
7.10
|
10/14/2027
|
820,000
|
869,414
|
Enel
Finance International NV, Gtd. Notes(b)
|
|
5.50
|
6/26/2034
|
1,492,000
|
1,506,162
|
Enel
Finance International NV, Gtd. Notes(b)
|
|
7.50
|
10/14/2032
|
871,000
|
991,738
|
Eversource
Energy, Sr. Unscd. Notes |
|
5.50
|
1/1/2034
|
1,197,000
|
1,206,033
|
Exelon
Corp., Sr. Unscd. Notes |
|
4.05
|
4/15/2030
|
5,833,000
|
5,600,810
|
Exelon
Corp., Sr. Unscd. Notes |
|
5.45
|
3/15/2034
|
882,000
|
897,886
|
FirstEnergy
Corp., Sr. Unscd. Notes, Ser. C |
|
4.85
|
7/15/2047
|
1,379,000
|
1,211,385
|
IPALCO
Enterprises, Inc., Sr. Scd. Notes |
|
4.25
|
5/1/2030
|
1,814,000
|
1,719,233
|
Description
|
|
Coupon
Rate
(%) |
Maturity
Date
|
Principal
Amount
($)(a) |
Value
($) |
Bonds
and Notes — 98.4% (continued) | |||||
Utilities
— 2.8% (continued) | |||||
IPALCO
Enterprises, Inc., Sr. Scd. Notes |
|
5.75
|
4/1/2034
|
2,329,000
|
2,374,352
|
Jersey
Central Power & Light Co., Sr. Unscd. Notes(b)
|
|
2.75
|
3/1/2032
|
1,810,000
|
1,546,408
|
Louisville
Gas & Electric Co., First Mortgage Bonds |
|
4.38
|
10/1/2045
|
1,410,000
|
1,208,342
|
Niagara
Mohawk Power Corp., Sr. Unscd. Notes(b)
|
|
5.66
|
1/17/2054
|
878,000
|
873,085
|
NiSource,
Inc., Sr. Unscd. Notes |
|
3.60
|
5/1/2030
|
1,297,000
|
1,214,294
|
NiSource,
Inc., Sr. Unscd. Notes |
|
5.35
|
4/1/2034
|
2,152,000
|
2,159,811
|
Pacific
Gas & Electric Co., First Mortgage Bonds |
|
2.10
|
8/1/2027
|
2,060,000
|
1,916,781
|
Piedmont
Natural Gas Co., Inc., Sr. Unscd. Notes |
|
3.50
|
6/1/2029
|
3,262,000
|
3,097,513
|
Public
Service Enterprise Group, Inc., Sr. Unscd. Notes |
|
5.45
|
4/1/2034
|
2,403,000
|
2,431,441
|
Public
Service Enterprise Group, Inc., Sr. Unscd. Notes |
|
6.13
|
10/15/2033
|
1,574,000
|
1,667,593
|
Puget
Energy, Inc., Sr. Scd. Notes |
|
2.38
|
6/15/2028
|
1,709,000
|
1,554,373
|
Rochester
Gas & Electric Corp., First Mortgage Bonds(b)
|
|
3.10
|
6/1/2027
|
1,969,000
|
1,884,121
|
|
|
|
|
|
63,142,740
|
Total
Bonds and Notes
(cost:
$2,260,005,814) |
|
|
|
|
2,205,346,672
|
|
|
1-Day
Yield
(%) |
|
Shares
|
|
Investment
Companies — .5% | |||||
Registered
Investment Companies — .5% | |||||
Dreyfus
Institutional Preferred Government Plus Money Market Fund,
Institutional
Shares(h)
(cost
$12,418,596) |
|
4.95
|
|
12,418,596
|
12,418,596
|
Investment
of Cash Collateral for Securities Loaned — .6% |
|
|
|
|
|
Registered
Investment Companies — .6% |
|
|
|
|
|
Dreyfus
Institutional Preferred Government Plus Money Market Fund,
Institutional
Shares(h)
(cost
$12,807,128) |
|
4.95
|
|
12,807,128
|
12,807,128
|
Total
Investments (cost $2,285,231,538)
|
|
|
|
99.5%
|
2,230,572,396
|
Cash
and Receivables (Net) |
|
|
|
0.5%
|
11,667,323
|
Net
Assets |
|
|
|
100.0%
|
2,242,239,719
|
AUD—Australian
Dollar |
EUR—Euro
|
GBP—British
Pound |
GO—Government
Obligation |
JPY—Japanese
Yen |
PEN—Peruvian
Nuevo Sol |
REMIC—Real
Estate Mortgage Investment Conduit |
SOFR—Secured
Overnight Financing Rate |
TSFR—Term
Secured Overnight Financing Rate Reference Rates |
(a)
|
Amount
stated in U.S. Dollars unless otherwise noted above. |
(b)
|
Security
exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in transactions exempt
from
registration,
normally to qualified institutional buyers. At October 31, 2024, these securities amounted to $394,064,923 or 17.6% of net assets.
|
(c)
|
Security,
or portion thereof, on loan. At October 31, 2024, the value of the fund’s securities on loan was $21,429,811 and the value of the
collateral was
$22,221,607,
consisting of cash collateral of $12,807,128 and U.S. Government & Agency securities valued at $9,414,479. In addition, the
value of
collateral
may include pending sales that are also on loan. |
(d)
|
Variable
rate security—Interest rate resets periodically and the rate shown is the interest rate in effect at period end. Security description
also includes the
reference
rate and spread if published and available. |
(e)
|
Security
is a perpetual bond with no specified maturity date. Maturity date shown is next reset date of the bond. |
(f)
|
Security
purchased on a when-issued or delayed basis for which the fund has not taken delivery as of October 31, 2024. |
(g)
|
The
Federal Housing Finance Agency (“FHFA”) placed the Federal Home Loan Mortgage Corporation and Federal National Mortgage Association
into
conservatorship
with FHFA as the conservator. As such, the FHFA oversees the continuing affairs of these companies. |
(h)
|
Investment
in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment
company’s
prospectus.
|
Affiliated
Issuers | |||||
Description
|
Value
($)
4/30/2024
|
Purchases
($)†
|
Sales
($) |
Value
($)
10/31/2024
|
Dividends/
Distributions
($) |
Registered
Investment Companies - .5% | |||||
Dreyfus
Institutional Preferred Government Plus Money
Market
Fund, Institutional Shares - .5% |
19,991,242
|
449,257,288
|
(456,829,934)
|
12,418,596
|
331,247
|
Investment
of Cash Collateral for Securities Loaned - .6% |
| ||||
Dreyfus
Institutional Preferred Government Plus Money
Market
Fund, Institutional Shares - .6% |
15,008,946
|
99,866,614
|
(102,068,432)
|
12,807,128
|
42,090††
|
Total
- 1.1% |
35,000,188
|
549,123,902
|
(558,898,366)
|
25,225,724
|
373,337
|
†
|
Includes
reinvested dividends/distributions. |
††
|
Represents
securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment
expenses, and
other
payments to and from borrowers of securities. |
Futures
|
|
|
|
|
|
Description
|
Number
of
Contracts
|
Expiration
|
Notional
Value
($) |
Market
Value
($) |
Unrealized
Appreciation
(Depreciation)
($) |
Futures
Long |
|
|
|
|
|
U.S.
Treasury 10 Year Notes |
187
|
12/19/2024
|
20,807,222
|
20,657,656
|
(149,566)
|
U.S.
Treasury 5 Year Notes |
5,468
|
12/31/2024
|
596,927,772
|
586,357,590
|
(10,570,182)
|
U.S.
Treasury Long Bonds |
642
|
12/19/2024
|
79,499,944
|
75,735,937
|
(3,764,007)
|
Futures
Short |
|
|
|
|
|
Australian
10 Year Bond |
306
|
12/16/2024
|
23,448,114(a)
|
22,523,103
|
925,011
|
Canadian
10 Year Bond |
966
|
12/18/2024
|
85,924,538(a)
|
84,635,573
|
1,288,965
|
Euro-BobI
|
73
|
12/06/2024
|
9,440,729(a)
|
9,381,789
|
58,940
|
Euro-Bund
|
98
|
12/06/2024
|
14,214,942(a)
|
14,049,814
|
165,128
|
Japanese
10 Year Bond |
147
|
12/13/2024
|
140,036,184(a)
|
139,501,974
|
534,210
|
U.S.
Treasury 10 Year Ultra Bonds |
767
|
12/19/2024
|
87,905,930
|
87,246,250
|
659,680
|
U.S.
Treasury 2 Year Notes |
116
|
12/31/2024
|
23,931,156
|
23,889,656
|
41,500
|
Gross
Unrealized Appreciation |
|
|
|
|
3,673,434
|
Gross
Unrealized Depreciation |
|
|
|
|
(14,483,755)
|
(a)
|
Notional
amounts in foreign currency have been converted to USD using relevant foreign exchange rates. |
Forward Foreign
Currency Exchange Contracts | |||||
Counterparty/
Purchased
Currency
|
Purchased
Currency
Amounts
|
Currency
Sold
|
Sold
Currency
Amounts
|
Settlement
Date
|
Unrealized
Appreciation
(Depreciation)
($) |
Barclays
Capital, Inc. |
|
|
|
| |
United
States Dollar |
2,715,710
|
Euro
|
2,493,000
|
11/8/2024
|
2,918
|
Romanian
Leu |
46,791,000
|
United
States Dollar |
10,321,303
|
11/8/2024
|
(92,120)
|
United
States Dollar |
5,450,808
|
Australian
Dollar |
7,963,000
|
11/8/2024
|
209,806
|
United
States Dollar |
632,957
|
British
Pound |
483,000
|
11/8/2024
|
10,160
|
United
States Dollar |
23,359,308
|
Euro
|
21,069,000
|
11/8/2024
|
432,791
|
United
States Dollar |
1,067,740
|
Swedish
Krona |
11,152,000
|
11/8/2024
|
20,651
|
United
States Dollar |
33,146,531
|
British
Pound |
25,535,000
|
11/8/2024
|
220,805
|
United
States Dollar |
906,468
|
Swedish
Krona |
9,244,000
|
11/8/2024
|
38,525
|
Citigroup
Global Markets Inc. |
|
|
|
| |
United
States Dollar |
14,920,178
|
Peruvian
Nuevo Sol |
55,515,000
|
11/8/2024
|
210,491
|
United
States Dollar |
1,031,447
|
Euro
|
936,000
|
11/8/2024
|
12,925
|
British
Pound |
402,000
|
United
States Dollar |
521,830
|
11/8/2024
|
(3,477)
|
Peruvian
Nuevo Sol |
27,888,000
|
United
States Dollar |
7,468,666
|
11/8/2024
|
(79,244)
|
Goldman
Sachs & Co. LLC |
|
|
|
| |
United
States Dollar |
14,241,549
|
Romanian
Leu |
64,018,000
|
11/8/2024
|
246,297
|
Swedish
Krona |
34,198,000
|
United
States Dollar |
3,304,774
|
11/8/2024
|
(93,838)
|
Euro
|
1,806,000
|
United
States Dollar |
1,959,057
|
11/8/2024
|
6,167
|
United
States Dollar |
827,485
|
Euro
|
767,000
|
11/8/2024
|
(7,137)
|
Romanian
Leu |
19,905,608
|
United
States Dollar |
4,377,591
|
11/8/2024
|
(25,940)
|
United
States Dollar |
421,816
|
British
Pound |
322,000
|
11/8/2024
|
6,618
|
United
States Dollar |
15,620,646
|
Australian
Dollar |
22,590,000
|
11/8/2024
|
752,601
|
United
States Dollar |
1,668,539
|
Swedish
Krona |
17,300,000
|
11/8/2024
|
44,198
|
Morgan
Stanley & Co. LLC |
|
|
|
| |
United
States Dollar |
1,301,117
|
British
Pound |
979,000
|
11/8/2024
|
38,760
|
United
States Dollar |
27,861,157
|
Japanese
Yen |
3,992,214,000
|
11/8/2024
|
1,559,085
|
Euro
|
226,000
|
United
States Dollar |
244,047
|
11/8/2024
|
1,878
|
Canadian
Dollar |
5,330,000
|
United
States Dollar |
3,944,905
|
11/8/2024
|
(115,790)
|
Gross
Unrealized Appreciation |
3,814,676
| ||||
Gross
Unrealized Depreciation |
(417,546)
|
Centrally
Cleared Credit Default Swaps |
|
|
|
|
|
Reference
Obligations
|
Maturity
Date
|
Notional
Amount
($) |
Market
Value ($) |
Upfront
Payments/
Receipts
($) |
Unrealized
(Depreciation)
($) |
Purchased
Contracts:(a)
|
|
|
|
|
|
Markit
CDX North America Investment Grade Index
Series
43, Paid 3 Month Fixed Rate of 1.00% |
12/20/2029
|
14,185,000
|
(317,323)
|
(316,949)
|
(374)
|
Gross
Unrealized Depreciation |
|
|
|
|
(374)
|
(a)
|
If
the fund is a buyer of protection and a credit event occurs, as defined under the terms of the swap agreement, the fund will either (i)
receive from the seller of
protection
an amount equal to the notional amount of the swap and deliver the reference obligation or (ii) receive a net settlement amount in the
form of cash or
securities
equal to the notional amount of the swap less the recovery value of the reference obligation. |
Centrally
Cleared Interest Rate Swaps | ||||||
Received
Reference
Entity
|
Paid
Reference
Entity
|
Maturity
Date
|
Notional
Amount
($) |
Market
Value
($) |
Upfront
Payments/
Receipts
($) |
Unrealized
Appreciation
(Depreciation)
($) |
GBP
Maturity
Fixed
at 3.78% |
GBP
- UKRPI at
Maturity
|
4/22/2034
|
23,300,362
|
300,233
|
(18,033)
|
318,265
|
GBP
Maturity
Fixed
at 3.71% |
GBP
- UKRPI at
Maturity
|
5/16/2034
|
25,363,482
|
207,015
|
12,501
|
194,514
|
USD
- CPURNSA at
Maturity
|
USD
Maturity
Fixed
at 2.51% |
7/5/2054
|
10,345,000
|
(158,410)
|
—
|
(158,410)
|
USD
- CPURNSA at
Maturity
|
USD
Maturity
Fixed
at 2.48% |
7/11/2054
|
10,410,000
|
(88,860)
|
3,267
|
(92,127)
|
EUR
Maturity
Fixed
at 2.46% |
EUR
- CPTFEMU
at
Maturity |
7/9/2054
|
9,893,086
|
507,719
|
—
|
507,719
|
EUR
- CPTFEMU
at
Maturity |
EUR
Maturity
Fixed
at 2.46% |
7/9/2054
|
9,893,086
|
514,110
|
—
|
514,110
|
EUR
12 Month
Fixed
at 2.70% |
EUR
- 6 Month
EURIBOR
at
3.65%
|
7/26/2029
|
69,616,000
|
785,317
|
—
|
785,317
|
SEK
- 3 Month
STIBOR
at 2.91% |
SEK
12 Month
Fixed
at 2.39% |
7/26/2029
|
65,418,061
|
(919,020)
|
—
|
(919,019)
|
SEK
- 3 Month
STIBOR
at 3.09% |
SEK
12 Month
Fixed
at 2.07% |
10/4/2029
|
71,331,028
|
540,096
|
—
|
540,096
|
EUR
12 Month
Fixed
at 2.25% |
EUR
- 6 Month
EURIBOR
at
3.09%
|
10/4/2029
|
81,581,250
|
(523,547)
|
—
|
(523,547)
|
USD
- CPURNSA at
Maturity
|
USD
Maturity
Fixed
at 2.45% |
10/4/2034
|
87,000,000
|
303,596
|
4,427
|
299,169
|
EUR
Maturity
Fixed
at 2.53% |
EUR
- CPTFEMU
at
Maturity |
4/22/2054
|
9,017,448
|
664,835
|
540,821
|
124,014
|
USD
- CPURNSA at
Maturity
|
USD
Maturity
Fixed
at 2.53% |
4/22/2054
|
18,690,000
|
(333,256)
|
(289,674)
|
(43,582)
|
GBP
Maturity
Fixed
at 3.49% |
GBP
- UKRPI at
Maturity
|
8/22/2034
|
41,288,189
|
(549,600)
|
(366,336)
|
(183,264)
|
Gross
Unrealized Appreciation |
|
3,283,204
| ||||
Gross
Unrealized Depreciation |
|
(1,919,949)
|
CPTFEMU—Eurostat
Eurozone HICP Ex Tobacco Unrevised NSA |
CPURNSA—US
CPI Urban Consumers NSA |
EURIBOR—Euro
Interbank Offered Rate |
EURO—Euro
|
GBP—British
Pound |
SEK—Swedish
Krona |
STIBOR—Stockholm
Interbank Offered Rate |
UKRPI—UK
RPI All Items NSA |
USD—United
States Dollar |
|
Cost
|
Value
|
Assets
($): |
|
|
Investments
in securities—See Statement of Investments
(including
securities on loan, valued at $21,429,811)—Note
1(c): |
|
|
Unaffiliated
issuers |
2,260,005,814
|
2,205,346,672
|
Affiliated
issuers |
25,225,724
|
25,225,724
|
Cash
|
|
588,343
|
Cash
denominated in foreign currency |
2,576,528
|
2,563,139
|
Cash
collateral held by broker—Note 4
|
|
23,577,212
|
Dividends,
interest and securities lending income receivable |
|
19,308,203
|
Receivable
for investment securities sold |
|
12,186,848
|
Unrealized
appreciation on forward foreign currency exchange contracts—Note
4
|
|
3,814,676
|
Receivable
for shares of Common Stock subscribed |
|
2,890,810
|
Tax
reclaim receivable—Note 1(b)
|
|
4,655
|
Prepaid
expenses |
|
87,685
|
|
|
2,295,593,967
|
Liabilities
($): |
|
|
Due
to BNY Mellon Investment Adviser, Inc. and affiliates—Note
3(c)
|
|
764,417
|
Payable
for investment securities purchased |
|
33,501,587
|
Liability
for securities on loan—Note 1(c)
|
|
12,807,128
|
Payable
for shares of Common Stock redeemed |
|
4,427,209
|
Payable
for futures variation margin—Note 4
|
|
782,067
|
Unrealized
depreciation on forward foreign currency exchange contracts—Note
4
|
|
417,546
|
Payable
for swap variation margin—Note 4
|
|
399,685
|
Directors’
fees and expenses payable |
|
31,129
|
Other
accrued expenses |
|
223,480
|
|
|
53,354,248
|
Net
Assets ($) |
|
2,242,239,719
|
Composition
of Net Assets ($): |
|
|
Paid-in
capital |
|
2,452,597,702
|
Total
distributable earnings (loss) |
|
(210,357,983
) |
Net
Assets ($) |
|
2,242,239,719
|
Net
Asset Value Per Share |
Class
A |
Class
C |
Class
I |
Class
Y |
Net
Assets ($) |
337,978,502
|
22,953,481
|
1,849,143,118
|
32,164,618
|
Shares
Outstanding |
36,733,766
|
2,493,414
|
200,931,368
|
3,493,786
|
Net
Asset Value Per Share ($) |
9.20
|
9.21
|
9.20
|
9.21
|
|
|
Investment
Income ($): |
|
Income:
|
|
Dividends:
|
|
Affiliated
issuers |
331,247
|
Interest
|
48,631,809
|
Income
from securities lending—Note 1(c)
|
42,090
|
Total
Income |
49,005,146
|
Expenses:
|
|
Management
fee—Note 3(a)
|
3,563,633
|
Shareholder
servicing costs—Note 3(c)
|
1,121,596
|
Registration
fees |
112,239
|
Directors’
fees and expenses—Notes 3(a) and 3(d)
|
95,722
|
Distribution
fees—Note 3(b)
|
84,078
|
Professional
fees |
60,897
|
Prospectus
and shareholders’ reports |
60,395
|
Custodian
fees—Note 3(c)
|
41,392
|
Loan
commitment fees—Note 2 |
27,823
|
Chief
Compliance Officer fees—Note 3(c)
|
8,714
|
Miscellaneous
|
44,939
|
Total
Expenses |
5,221,428
|
Less—reduction
in expenses due to undertaking—Note 3(a)
|
(88,893)
|
Less—reduction
in fees due to earnings credits—Note 3(c)
|
(4,583)
|
Net
Expenses |
5,127,952
|
Net
Investment Income |
43,877,194
|
Realized
and Unrealized Gain (Loss) on Investments—Note 4 ($):
|
|
Net
realized gain (loss) on investments and foreign currency transactions |
(18,524,938)
|
Net
realized gain (loss) on futures |
12,848,455
|
Net
realized gain (loss) on forward foreign currency exchange contracts |
(1,155,794)
|
Net
realized gain (loss) on swap agreements |
784,806
|
Net
Realized Gain (Loss) |
(6,047,471)
|
Net
change in unrealized appreciation (depreciation) on investments and foreign currency transactions |
60,863,433
|
Net
change in unrealized appreciation (depreciation) on futures |
(5,433,772)
|
Net
change in unrealized appreciation (depreciation) on forward foreign currency contracts |
2,790,629
|
Net
change in unrealized appreciation (depreciation) on swap agreements |
1,384,609
|
Net
Change in Unrealized Appreciation (Depreciation) |
59,604,899
|
Net
Realized and Unrealized Gain (Loss) on Investments |
53,557,428
|
Net
Increase in Net Assets Resulting from Operations |
97,434,622
|
|
Six
Months Ended
October
31, 2024
(Unaudited) |
Year
Ended April 30, 2024
|
| ||
Operations
($): |
|
|
Net
investment income |
43,877,194
|
65,876,092
|
Net
realized gain (loss) on investments |
(6,047,471)
|
(63,394,150)
|
Net
change in unrealized appreciation (depreciation) on
investments
|
59,604,899
|
(4,203,433)
|
Net
Increase (Decrease) in Net Assets Resulting from
Operations
|
97,434,622
|
(1,721,491)
|
Distributions
($): |
|
|
Distributions
to shareholders: |
|
|
Class
A |
(6,451,635)
|
(12,264,140)
|
Class
C |
(356,875)
|
(587,615)
|
Class
I |
(34,663,456)
|
(51,171,151)
|
Class
Y |
(457,213)
|
(580,586)
|
Total
Distributions |
(41,929,179)
|
(64,603,492)
|
Capital
Stock Transactions ($): |
|
|
Net
proceeds from shares sold: |
|
|
Class
A |
53,120,520
|
74,028,733
|
Class
C |
3,715,180
|
8,215,443
|
Class
I |
489,904,526
|
1,083,523,134
|
Class
Y |
17,462,867
|
7,462,052
|
Distributions
reinvested: |
|
|
Class
A |
6,014,116
|
11,345,208
|
Class
C |
356,843
|
587,609
|
Class
I |
34,643,620
|
51,119,991
|
Class
Y |
376,947
|
580,493
|
Cost
of shares redeemed: |
|
|
Class
A |
(39,388,913)
|
(74,264,912)
|
Class
C |
(2,339,039)
|
(4,431,439)
|
Class
I |
(217,627,450)
|
(572,922,213)
|
Class
Y |
(2,990,234)
|
(1,223,034)
|
Increase
(Decrease) in Net Assets from Capital Stock
Transactions
|
343,248,983
|
584,020,965
|
Total
Increase (Decrease) in Net Assets |
398,754,426
|
517,695,982
|
Net
Assets ($): |
|
|
Beginning
of Period |
1,843,485,293
|
1,325,789,311
|
End
of Period |
2,242,239,719
|
1,843,485,293
|
|
Six
Months Ended
October
31, 2024
(Unaudited) |
Year
Ended
April
30, 2024
|
| ||
Capital
Share Transactions (Shares): |
|
|
Class
A(a),(b)
|
|
|
Shares
sold |
5,675,712
|
8,187,867
|
Shares
issued for distributions reinvested |
649,886
|
1,257,828
|
Shares
redeemed |
(4,232,678)
|
(8,248,241)
|
Net
Increase (Decrease) in Shares Outstanding |
2,092,920
|
1,197,454
|
Class
C(a)
|
|
|
Shares
sold |
396,992
|
909,956
|
Shares
issued for distributions reinvested |
38,525
|
65,092
|
Shares
redeemed |
(252,295)
|
(490,541)
|
Net
Increase (Decrease) in Shares Outstanding |
183,222
|
484,507
|
Class
I(b)
|
|
|
Shares
sold |
52,516,867
|
120,003,177
|
Shares
issued for distributions reinvested |
3,741,041
|
5,663,074
|
Shares
redeemed |
(23,554,289)
|
(63,987,019)
|
Net
Increase (Decrease) in Shares Outstanding |
32,703,619
|
61,679,232
|
Class
Y |
|
|
Shares
sold |
1,829,697
|
827,132
|
Shares
issued for distributions reinvested |
40,722
|
64,330
|
Shares
redeemed |
(323,429)
|
(136,285)
|
Net
Increase (Decrease) in Shares Outstanding |
1,546,990
|
755,177
|
(a)
|
During
the period ended October 31, 2024, 24 Class C shares representing $213 were automatically converted to 25 Class A shares and during the
period ended
April
30, 2024, 1,856 Class C shares representing $16,729 were automatically converted to 1,857 Class A shares. |
(b)
|
During
the period ended October 31, 2024, 11,555 Class A shares representing $109,986 were exchanged for 11,555 Class I shares and during
the period ended
April
30, 2024, 326 Class A shares representing $2,986 were exchanged for 326 Class I shares. |
|
Six
Months Ended
October
31,
2024
(Unaudited) |
Year
Ended April 30, | ||||
Class
A Shares |
2024
|
2023
|
2022
|
2021
|
2020
| |
Per
Share Data ($): |
|
|
|
|
|
|
Net
asset value, beginning of period |
8.90
|
9.27
|
9.61
|
10.86
|
10.57
|
10.06
|
Investment
Operations: |
|
|
|
|
| |
Net
investment income(a)
|
.19
|
.36
|
.30
|
.22
|
.21
|
.27
|
Net
realized and unrealized gain (loss) on investments |
.29
|
(.38
) |
(.34
) |
(1.14
) |
.34
|
.52
|
Total
from Investment Operations |
.48
|
(.02
) |
(.04
) |
(.92
) |
.55
|
.79
|
Distributions:
|
|
|
|
|
|
|
Dividends
from net investment income |
(.18
) |
(.35
) |
(.30
) |
(.23
) |
(.24
) |
(.28
) |
Dividends
from net realized gain on investments |
-
|
-
|
-
|
(.10
) |
(.02
) |
-
|
Total
Distributions |
(.18
) |
(.35
) |
(.30
) |
(.33
) |
(.26
) |
(.28
) |
Net
asset value, end of period |
9.20
|
8.90
|
9.27
|
9.61
|
10.86
|
10.57
|
Total
Return (%)(b)
|
5.44
(c)
|
(.17
) |
(.39
) |
(8.72
) |
5.25
|
7.93
|
Ratios/Supplemental
Data (%): |
|
|
|
|
| |
Ratio
of total expenses to average net assets |
.72
(d)
|
.72
|
.74
|
.72
|
.73
|
.77
|
Ratio
of net expenses to average net assets |
.70
(d)
|
.70
|
.70
|
.70
|
.70
|
.70
|
Ratio
of net investment income to average net assets |
4.11
(d)
|
4.01
|
3.20
|
2.03
|
1.93
|
2.60
|
Portfolio
Turnover Rate |
54.76
(c)
|
66.05
|
57.85
|
68.40
|
106.79
|
124.64
|
Net
Assets, end of period ($ x 1,000) |
337,979
|
308,264
|
310,009
|
341,370
|
410,139
|
386,236
|
(a)
|
Based
on average shares outstanding. |
(b)
|
Exclusive
of sales charge. |
(c)
|
Not
annualized. |
(d)
|
Annualized.
|
|
Six
Months Ended
October
31,
2024
(Unaudited) |
Year
Ended April 30, | ||||
Class
C Shares |
2024
|
2023
|
2022
|
2021
|
2020
| |
Per
Share Data ($): |
|
|
|
|
|
|
Net
asset value, beginning of period |
8.90
|
9.27
|
9.62
|
10.87
|
10.57
|
10.07
|
Investment
Operations: |
|
|
|
|
| |
Net
investment income(a)
|
.16
|
.29
|
.22
|
.14
|
.13
|
.18
|
Net
realized and unrealized gain (loss) on investments |
.30
|
(.37
) |
(.34
) |
(1.14
) |
.35
|
.52
|
Total
from Investment Operations |
.46
|
(.08
) |
(.12
) |
(1.00
) |
.48
|
.70
|
Distributions:
|
|
|
|
|
|
|
Dividends
from net investment income |
(.15
) |
(.29
) |
(.23
) |
(.15
) |
(.16
) |
(.20
) |
Dividends
from net realized gain on investments |
-
|
-
|
-
|
(.10
) |
(.02
) |
-
|
Total
Distributions |
(.15
) |
(.29
) |
(.23
) |
(.25
) |
(.18
) |
(.20
) |
Net
asset value, end of period |
9.21
|
8.90
|
9.27
|
9.62
|
10.87
|
10.57
|
Total
Return (%)(b)
|
5.16
(c)
|
(.92
) |
(1.23
) |
(9.40
) |
4.55
|
7.01
|
Ratios/Supplemental
Data (%): |
|
|
|
|
| |
Ratio
of total expenses to average net assets |
1.51
(d)
|
1.52
|
1.54
|
1.49
|
1.49
|
1.53
|
Ratio
of net expenses to average net assets |
1.46
(d)
|
1.45
|
1.45
|
1.45
|
1.45
|
1.45
|
Ratio
of net investment income to average net assets |
3.35
(d)
|
3.26
|
2.45
|
1.28
|
1.18
|
1.75
|
Portfolio
Turnover Rate |
54.76
(c)
|
66.05
|
57.85
|
68.40
|
106.79
|
124.64
|
Net
Assets, end of period ($ x 1,000) |
22,953
|
20,570
|
16,932
|
17,471
|
20,670
|
13,422
|
(a)
|
Based
on average shares outstanding. |
(b)
|
Exclusive
of sales charge. |
(c)
|
Not
annualized. |
(d)
|
Annualized.
|
|
Six
Months Ended
October
31,
2024
(Unaudited) |
Year
Ended April 30, | ||||
Class
I Shares |
2024
|
2023
|
2022
|
2021
|
2020
| |
Per
Share Data ($): |
|
|
|
|
|
|
Net
asset value, beginning of period |
8.90
|
9.27
|
9.61
|
10.86
|
10.57
|
10.06
|
Investment
Operations: |
|
|
|
|
| |
Net
investment income(a)
|
.20
|
.38
|
.31
|
.24
|
.24
|
.28
|
Net
realized and unrealized gain (loss) on
investments
|
.30
|
(.37
) |
(.33
) |
(1.13
) |
.34
|
.54
|
Total
from Investment Operations |
.50
|
.01
|
(.02
) |
(.89
) |
.58
|
.82
|
Distributions:
|
|
|
|
|
|
|
Dividends
from net investment income |
(.20
) |
(.38
) |
(.32
) |
(.26
) |
(.27
) |
(.31
) |
Dividends
from net realized gain on investments |
-
|
-
|
-
|
(.10
) |
(.02
) |
-
|
Total
Distributions |
(.20
) |
(.38
) |
(.32
) |
(.36
) |
(.29
) |
(.31
) |
Net
asset value, end of period |
9.20
|
8.90
|
9.27
|
9.61
|
10.86
|
10.57
|
Total
Return (%) |
5.69
(b)
|
.08
|
(.14
) |
(8.50
) |
5.51
|
8.19
|
Ratios/Supplemental
Data (%): |
|
|
|
|
| |
Ratio
of total expenses to average net assets |
.46
(c)
|
.47
|
.47
|
.46
|
.48
|
.50
|
Ratio
of net expenses to average net assets |
.45
(c)
|
.45
|
.45
|
.45
|
.45
|
.45
|
Ratio
of net investment income to average net assets |
4.36
(c)
|
4.26
|
3.44
|
2.27
|
2.17
|
2.71
|
Portfolio
Turnover Rate |
54.76
(b)
|
66.05
|
57.85
|
68.40
|
106.79
|
124.64
|
Net
Assets, end of period ($ x 1,000) |
1,849,143
|
1,497,319
|
987,798
|
1,013,672
|
1,126,126
|
717,095
|
(a)
|
Based
on average shares outstanding. |
(b)
|
Not
annualized. |
(c)
|
Annualized.
|
|
Six
Months Ended
October
31,
2024
(Unaudited) |
Year
Ended April 30, | ||||
Class
Y Shares |
2024
|
2023
|
2022
|
2021
|
2020
| |
Per
Share Data ($): |
|
|
|
|
|
|
Net
asset value, beginning of period |
8.90
|
9.27
|
9.62
|
10.87
|
10.56
|
10.06
|
Investment
Operations: |
|
|
|
|
| |
Net
investment income(a)
|
.21
|
.39
|
.28
|
.25
|
.24
|
.29
|
Net
realized and unrealized gain (loss) on investments |
.30
|
(.38
) |
(.31
) |
(1.13
) |
.36
|
.52
|
Total
from Investment Operations |
.51
|
.01
|
(.03
) |
(.88
) |
.60
|
.81
|
Distributions:
|
|
|
|
|
|
|
Dividends
from net investment income |
(.20
) |
(.38
) |
(.32
) |
(.27
) |
(.27
) |
(.31
) |
Dividends
from net realized gain on investments |
-
|
-
|
-
|
(.10
) |
(.02
) |
-
|
Total
Distributions |
(.20
) |
(.38
) |
(.32
) |
(.37
) |
(.29
) |
(.31
) |
Net
asset value, end of period |
9.21
|
8.90
|
9.27
|
9.62
|
10.87
|
10.56
|
Total
Return (%) |
5.71
(b)
|
.13
|
(.21
) |
(8.44
) |
5.75
|
8.12
|
Ratios/Supplemental
Data (%): |
|
|
|
|
| |
Ratio
of total expenses to average net assets |
.40
(c)
|
.40
|
.41
|
.40
|
.41
|
.43
|
Ratio
of net expenses to average net assets |
.40
(c)
|
.40
|
.41
|
.40
|
.41
|
.43
|
Ratio
of net investment income to average net assets |
4.43
(c)
|
4.31
|
3.48
|
2.32
|
2.22
|
3.02
|
Portfolio
Turnover Rate |
54.76
(b)
|
66.05
|
57.85
|
68.40
|
106.79
|
124.64
|
Net
Assets, end of period ($ x 1,000) |
32,165
|
17,332
|
11,050
|
1,527
|
2,573
|
6,842
|
(a)
|
Based
on average shares outstanding. |
(b)
|
Not
annualized. |
(c)
|
Annualized.
|
|
Level
1 -
Unadjusted
Quoted
Prices |
Level
2- Other
Significant
Observable
Inputs |
Level
3-
Significant
Unobservable
Inputs
|
Total
|
Assets
($) |
|
|
|
|
Investments
in Securities:†
|
|
|
|
|
Asset-Backed
Securities |
—
|
111,059,231
|
—
|
111,059,231
|
Collateralized
Loan Obligations |
—
|
82,968,927
|
—
|
82,968,927
|
Commercial
Mortgage-Backed |
—
|
30,814,240
|
—
|
30,814,240
|
Corporate
Bonds and Notes |
—
|
638,274,360
|
—
|
638,274,360
|
Foreign
Governmental |
—
|
93,149,880
|
—
|
93,149,880
|
Municipal
Securities |
—
|
7,389,994
|
—
|
7,389,994
|
U.S.
Government Agencies Collateralized Mortgage Obligations |
—
|
5,024,820
|
—
|
5,024,820
|
U.S.
Government Agencies Mortgage-Backed |
—
|
613,448,594
|
—
|
613,448,594
|
|
Level
1 -
Unadjusted
Quoted
Prices |
Level
2- Other
Significant
Observable
Inputs |
Level
3-
Significant
Unobservable
Inputs
|
Total
|
Assets
($) (continued) |
|
|
|
|
U.S.
Treasury Securities |
—
|
623,216,626
|
—
|
623,216,626
|
Investment
Companies |
25,225,724
|
—
|
—
|
25,225,724
|
Other
Financial Instruments: |
|
|
|
|
Futures††
|
3,673,434
|
—
|
—
|
3,673,434
|
Foreign
Currency Exchange Contracts††
|
—
|
3,814,676
|
—
|
3,814,676
|
Swap
Agreements††
|
—
|
3,283,204
|
—
|
3,283,204
|
Liabilities
($) |
|
|
|
|
Other
Financial Instruments: |
|
|
|
|
Futures††
|
(14,483,755)
|
—
|
—
|
(14,483,755)
|
Foreign
Currency Exchange Contracts††
|
—
|
(417,546)
|
—
|
(417,546)
|
Swap
Agreements††
|
—
|
(1,920,323)
|
—
|
(1,920,323)
|
†
|
See
Statement of Investments for additional detailed categorizations, if any. |
††
|
Amount
shown represents unrealized appreciation (depreciation) at period end, but only variation margin on exchange-traded and centrally cleared
derivatives,
if
any, are reported in the Statement of Assets and Liabilities. |
|
Assets
($) |
Liabilities
($) |
Securities
Lending |
21,429,811
|
-
|
Total
gross amount of assets and
liabilities
in the Statement
of
Assets and Liabilities |
21,429,811
|
-
|
Collateral
(received)/posted not offset
in
the Statement of
Assets
and Liabilities |
(21,429,811)†
|
-
|
Net
amount |
-
|
-
|
†
|
The
value of the related collateral received by the fund normally exceeded the value of the securities loaned by the fund pursuant to
the securities lending agreement.
In
addition, the value of collateral may include pending sales that are also on loan. See Statement of Investments for detailed information
regarding collateral received
for
open securities lending. |
|
Derivative
Assets
($) |
|
Derivative
Liabilities
($) |
Interest
Rate Risk |
6,956,638
(1),(2)
|
Interest
Rate Risk |
(16,403,704)
(1),(2)
|
Foreign
Exchange Risk |
3,814,676
(3)
|
Foreign
Exchange Risk |
(417,546)
(3)
|
Credit
Risk |
-
|
Credit
Risk |
(374)
(1)
|
Gross
fair value of derivative contracts |
10,771,314
|
|
(16,821,624)
|
Statement
of Assets and Liabilities location: | |
(1)
|
Includes
cumulative appreciation (depreciation) on swap agreements as reported in the Statement of Investments. Unrealized appreciation (depreciation)
on OTC
swap
agreements and only unpaid variation margin on cleared swap agreements, are reported in the Statement of Assets and Liabilities.
|
(2)
|
Includes
cumulative appreciation (depreciation) on futures as reported in the Statement of Investments, but only the unpaid variation margin is
reported in the
Statement
of Assets and Liabilities. |
(3)
|
Unrealized
appreciation (depreciation) on forward foreign currency exchange contracts. |
Amount
of realized gain (loss) on derivatives recognized in income ($) | ||||
Underlying
risk |
Futures(1)
|
Forward
Contracts(2)
|
Swap
Agreements(3)
|
Total
|
Interest
Rate |
12,848,455
|
-
|
784,806
|
13,633,261
|
Foreign
Exchange |
-
|
(1,155,794)
|
-
|
(1,155,794)
|
Total
|
12,848,455
|
(1,155,794)
|
784,806
|
12,477,467
|
Net
change in unrealized appreciation (depreciation) on derivatives recognized in income ($) | ||||
Underlying
risk |
Futures(4)
|
Forward
Contracts(5)
|
Swap
Agreements(6)
|
Total
|
Interest
Rate |
(5,433,772)
|
-
|
1,384,983
|
(4,048,789)
|
Foreign
Exchange |
-
|
2,790,629
|
-
|
2,790,629
|
Credit
|
-
|
-
|
(374)
|
(374)
|
Total
|
(5,433,772)
|
2,790,629
|
1,384,609
|
(1,258,534)
|
Statement
of Operations location: | |
(1)
|
Net
realized gain (loss) on futures. |
(2)
|
Net
realized gain (loss) on forward foreign currency exchange contracts. |
(3)
|
Net
realized gain (loss) on swap agreements. |
(4)
|
Net
change in unrealized appreciation (depreciation) on futures. |
(5)
|
Net
change in unrealized appreciation (depreciation) on forward foreign currency exchange contracts. |
(6)
|
Net
change in unrealized appreciation (depreciation) on swap agreements. |
Derivative
Financial Instruments: |
Assets
($) |
Liabilities
($) |
Futures
|
3,673,434
|
(14,483,755
) |
Forward
contracts |
3,812,798
|
(417,546
) |
Swap
agreements |
3,283,204
|
(1,920,323
) |
Total
gross amount of derivative assets
and
liabilities in the Statement of
Assets
and Liabilities |
10,769,436
|
(16,821,624
) |
Derivative
Financial Instruments: (continued) |
Assets
($) |
Liabilities
($) |
Derivatives
not subject to Master
Agreements
|
(6,956,638
) |
16,404,078
|
Total
gross amount of assets and
liabilities
subject to Master
Agreements
|
3,812,798
|
(417,546
) |
Counterparty
|
Gross
Amount
of
Assets ($)(1)
|
Financial
Instruments
and
Derivatives
Available
for
Offset ($) |
Collateral
Received
($)(2)
|
Net
Amount
of
Assets ($) |
Barclays
Capital, Inc. |
935,656
|
(92,120
) |
(670,000
) |
173,536
|
Citigroup
Global Markets Inc. |
223,417
|
(82,721
) |
-
|
140,696
|
Golman
Sachs & Co. LLC |
1,055,881
|
(126,915
) |
(928,966
) |
-
|
Morgan
Stanley & Co. LLC |
1,599,723
|
(115,790
) |
(1,483,933
) |
-
|
Total
|
3,814,677
|
(417,546
) |
(3,082,899
) |
314,232
|
Counterparty
|
Gross
Amount
of
Liabilities($)(1)
|
Financial
Instruments
and
Derivatives
Available
for
Offset ($) |
Collateral
Pledged
($)(2)
|
Net
Amount
of
Liabilities ($) |
Barclays
Capital, Inc. |
(92,120
) |
92,120
|
-
|
-
|
Citigroup
Global Markets Inc. |
(82,721
) |
82,721
|
-
|
-
|
Goldman
Sachs & Co. LLC |
(126,915
) |
126,915
|
-
|
-
|
Morgan
Stanley & Co. LLC |
(115,790
) |
115,790
|
-
|
-
|
Total
|
(417,546
) |
417,546
|
-
|
-
|
(1)
|
Absent
a default event or early termination, OTC derivative assets and liabilities are presented at gross amounts and are not offset in the Statement
of Assets and
Liabilities.
|
(2)
|
In
some instances, the actual collateral received and/or pledged may be more than the amount shown due to over collateralization.
|
|
Average
Market Value ($) |
Futures:
|
|
Interest
Rate Futures Long |
779,500,246
|
Interest
Rate Futures Short |
294,085,932
|
Forward
Contracts: |
|
Forward
Contracts Purchased in USD |
7,095,788
|
Forward
Contracts Sold in USD |
75,737,242
|
|
Average
Notional Value ($) |
Swap
Agreements: |
|
Credit
Default Swaps Buy Protection |
2,026,429
|
Interest
Rate Swap Pays Fixed Rate |
141,006,155
|
Interest
Rate Swap Receives Fixed Rate |
93,027,598
|
Item 12. | Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies. |
Not applicable.
Item 13. | Portfolio Managers for Closed-End Management Investment Companies. |
Not applicable.
Item 14. | Purchases of Equity Securities By Closed-End Management Investment Companies and Affiliated Purchasers. |
Not applicable.
Item 15. | Submission of Matters to a Vote of Security Holders. |
There have been no materials changes to the procedures applicable to Item 15.
Item 16. | Controls and Procedures. |
(a) | The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-CSR is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-CSR is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure. |
(b) | There were no changes to the Registrant's internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting. |
Item 17. | Disclosure of Securities Lending Activities for Closed-End Management Investment Companies. |
Not applicable.
Item 18. | Recovery of Erroneously Awarded Compensation. |
Not applicable.
Item 19. | Exhibits. |
(a)(1) Not applicable.
(a)(3) Not applicable.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
BNY Mellon Absolute Insight Funds, Inc.
By: /s/ David J. DiPetrillo
David J. DiPetrillo
President (Principal Executive Officer)
Date: December 18, 2024
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
By: /s/ David J. DiPetrillo
David J. DiPetrillo
President (Principal Executive Officer)
Date: December 18, 2024
By: /s/ James Windels
James Windels
Treasurer (Principal Financial Officer)
Date: December 18, 2024
EXHIBIT INDEX
(a)(2) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940. (EX-99.CERT)
(b) Certification of principal executive and principal financial officers as required by Rule 30a-2(b) under the Investment Company Act of 1940. (EX-99.906CERT)
[EX-99.CERT]—Exhibit (a)(2)
SECTION 302 CERTIFICATION
I, David J. DiPetrillo, certify that:
1. I have reviewed this report on Form N-CSR of BNY Mellon Absolute Insight Funds, Inc.;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
By: /s/ David J. DiPetrillo
David J. DiPetrillo
President (Principal Executive Officer)
Date: December 18,
2024
SECTION 302 CERTIFICATION
I, James Windels, certify that:
1. I have reviewed this report on Form N-CSR of BNY Mellon Absolute Insight Funds, Inc.;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
By: /s/ James Windels
James Windels
Treasurer (Principal Financial Officer)
Date: December 18, 2024
[EX-99.906CERT]
Exhibit (b)
SECTION 906 CERTIFICATIONS
In connection with this report on Form N-CSR for the Registrant as furnished to the Securities and Exchange Commission on the date hereof (the "Report"), the undersigned hereby certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:
(1) the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as applicable; and
(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.
By: /s/ David J. DiPetrillo
David J. DiPetrillo
President (Principal Executive Officer)
Date: December 18, 2024
By: /s/ James Windels
James Windels
Treasurer (Principal Financial Officer)
Date: December 18, 2024
This certificate is furnished pursuant to the requirements of Form N-CSR and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934.
Form N-CSR Cover |
6 Months Ended |
---|---|
Oct. 31, 2024 | |
Shareholder Report [Line Items] | |
Document Type | N-CSRS |
Amendment Flag | false |
Registrant Name | BNY Mellon Absolute Insight Funds, Inc. |
Entity Central Index Key | 0001635295 |
Entity Investment Company Type | N-1A |
Document Period End Date | Oct. 31, 2024 |
Shareholder Report |
6 Months Ended | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Oct. 31, 2024
USD ($)
Holdings
| ||||||||||||
Shareholder Report [Line Items] | ||||||||||||
Document Type | N-CSRS | |||||||||||
Amendment Flag | false | |||||||||||
Registrant Name | BNY Mellon Absolute Insight Funds, Inc. | |||||||||||
Entity Central Index Key | 0001635295 | |||||||||||
Entity Investment Company Type | N-1A | |||||||||||
Document Period End Date | Oct. 31, 2024 | |||||||||||
BNY Mellon Core Plus Fund - Class A | ||||||||||||
Shareholder Report [Line Items] | ||||||||||||
Fund Name | BNY Mellon Core Plus Fund | |||||||||||
Class Name | Class A | |||||||||||
Trading Symbol | DCPAX | |||||||||||
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report contains important information about BNY Mellon Core Plus Fund (the “Fund”) for the period of May 1, 2024 to October 31, 2024. | |||||||||||
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report | |||||||||||
Additional Information [Text Block] | You can find additional information about the Fund at bny.com/investments/literaturecenter . You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.
|
|||||||||||
Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period. | |||||||||||
Additional Information Phone Number | 1-800-373-9387 | |||||||||||
Additional Information Email | info@bny.com | |||||||||||
Additional Information Website | bny.com/investments/literaturecenter | |||||||||||
Expenses [Text Block] | What were the Fund’s costs for the last six months ? (based on a hypothetical $10,000 investment)
|
|||||||||||
Expenses Paid, Amount | $ 36 | [1] | ||||||||||
Expense Ratio, Percent | 0.70% | [1],[2] | ||||||||||
Material Change Date | Mar. 28, 2025 | |||||||||||
Net Assets | $ 2,242,000,000 | |||||||||||
Holdings Count | Holdings | 505 | |||||||||||
Investment Company, Portfolio Turnover | 54.76% | |||||||||||
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (AS OF 10/31/24 )
|
|||||||||||
Holdings [Text Block] | Holdings (as of 10/31/24 ) Sector Allocation (Based on Net Assets) ![]() Allocation of Holdings (Based on Net Assets ) ![]() |
|||||||||||
Material Fund Change [Text Block] | This is a summary of certain changes to the Fund since May 1, 2024 . For more complete information, you may review the Fund’s current prospectus dated August 30, 2024 at bny.com/investments/literaturecenter or upon request at 1-800-373-9387. |
|||||||||||
Material Fund Change Strategies [Text Block] | The Fund’s Board has approved, subject to shareholder approval, an Agreement and Plan of Reorganization (the “Agreement”) between the BNY Mellon U.S Mortgage Fund (“Acquired Fund”) and BNY Mellon Core Plus Fund (the “Acquiring Fund”), a series of BNY Mellon Absolute Insight Funds, Inc. The Agreement provides for the transfer of the Acquired Fund’s assets to the Acquiring Fund in a tax-free exchange for Class A shares, Class C shares, Class I shares and Class Y shares of the Acquiring Fund and the assumption by the Acquiring Fund of the stated liabilities of the Acquired Fund, the distribution of Acquiring Fund Class A shares, Class C shares, Class I shares and Class Y shares to holders of the corresponding class of Fund shares (with holders of Class Z shares of the Acquired Fund to receive Class A shares of the Acquiring Fund) and the subsequent termination of the Acquired Fund (the “Reorganization”). It is currently contemplated that shareholders of the Acquired Fund as of December 9, 2024 (the “Record Date”) will be asked to approve the Agreement on behalf of the Acquired Fund at a special meeting of shareholders to be held on or about February 13, 2025. If the Agreement is approved, the Reorganization will be consummated on or about March 28, 2025. | |||||||||||
Summary of Change Legend [Text Block] | This is a summary of certain changes to the Fund since May 1, 2024 . For more complete information, you may review the Fund’s current prospectus dated August 30, 2024 at bny.com/investments/literaturecenter or upon request at 1-800-373-9387.
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Updated Prospectus Phone Number | 1-800-373-9387 | |||||||||||
Updated Prospectus Web Address | bny.com/investments/literaturecenter | |||||||||||
BNY Mellon Core Plus Fund - Class C | ||||||||||||
Shareholder Report [Line Items] | ||||||||||||
Fund Name | BNY Mellon Core Plus Fund | |||||||||||
Class Name | Class C | |||||||||||
Trading Symbol | DCPCX | |||||||||||
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report contains important information about BNY Mellon Core Plus Fund (the “Fund”) for the period of May 1, 2024 to October 31, 2024. | |||||||||||
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report | |||||||||||
Additional Information [Text Block] | You can find additional information about the Fund at bny.com/investments/literaturecenter . You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.
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Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period. | |||||||||||
Additional Information Phone Number | 1-800-373-9387 | |||||||||||
Additional Information Email | info@bny.com | |||||||||||
Additional Information Website | bny.com/investments/literaturecenter | |||||||||||
Expenses [Text Block] | What were the Fund’s costs for the last six months ? (based on a hypothetical $10,000 investment)
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Expenses Paid, Amount | $ 76 | [1] | ||||||||||
Expense Ratio, Percent | 1.46% | [1],[2] | ||||||||||
Material Change Date | Mar. 28, 2025 | |||||||||||
Net Assets | $ 2,242,000,000 | |||||||||||
Holdings Count | Holdings | 505 | |||||||||||
Investment Company, Portfolio Turnover | 54.76% | |||||||||||
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (AS OF 10/31/24 )
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Holdings [Text Block] | Portfolio Holdings (as of 10/31/24 ) Sector Allocation (Based on Net Assets) ![]() Allocation of Holdings (Based on Net Assets ) ![]() |
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Material Fund Change [Text Block] | This is a summary of certain changes to the Fund since May 1, 2024 . For more complete information, you may review the Fund’s current prospectus dated August 30, 2024 at bny.com/investments/literaturecenter or upon request at 1-800-373-9387. |
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Material Fund Change Strategies [Text Block] | The Fund’s Board has approved, subject to shareholder approval, an Agreement and Plan of Reorganization (the “Agreement”) between the BNY Mellon U.S Mortgage Fund (“Acquired Fund”) and BNY Mellon Core Plus Fund (the “Acquiring Fund”), a series of BNY Mellon Absolute Insight Funds, Inc. The Agreement provides for the transfer of the Acquired Fund’s assets to the Acquiring Fund in a tax-free exchange for Class A shares, Class C shares, Class I shares and Class Y shares of the Acquiring Fund and the assumption by the Acquiring Fund of the stated liabilities of the Acquired Fund, the distribution of Acquiring Fund Class A shares, Class C shares, Class I shares and Class Y shares to holders of the corresponding class of Fund shares (with holders of Class Z shares of the Acquired Fund to receive Class A shares of the Acquiring Fund) and the subsequent termination of the Acquired Fund (the “Reorganization”). It is currently contemplated that shareholders of the Acquired Fund as of December 9, 2024 (the “Record Date”) will be asked to approve the Agreement on behalf of the Acquired Fund at a special meeting of shareholders to be held on or about February 13, 2025. If the Agreement is approved, the Reorganization will be consummated on or about March 28, 2025. | |||||||||||
Summary of Change Legend [Text Block] | This is a summary of certain changes to the Fund since May 1, 2024 . For more complete information, you may review the Fund’s current prospectus dated August 30, 2024 at bny.com/investments/literaturecenter or upon request at 1-800-373-9387.
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Updated Prospectus Phone Number | 1-800-373-9387 | |||||||||||
Updated Prospectus Web Address | bny.com/investments/literaturecenter | |||||||||||
BNY Mellon Core Plus Fund - Class I | ||||||||||||
Shareholder Report [Line Items] | ||||||||||||
Fund Name | BNY Mellon Core Plus Fund | |||||||||||
Class Name | Class I | |||||||||||
Trading Symbol | DCPIX | |||||||||||
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report contains important information about BNY Mellon Core Plus Fund (the “Fund”) for the period of May 1, 2024 to October 31, 2024. | |||||||||||
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report | |||||||||||
Additional Information [Text Block] | You can find additional information about the Fund at bny.com/investments/literaturecenter . You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.
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Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period. | |||||||||||
Additional Information Phone Number | 1-800-373-9387 | |||||||||||
Additional Information Email | info@bny.com | |||||||||||
Additional Information Website | bny.com/investments/literaturecenter | |||||||||||
Expenses [Text Block] | What were the Fund’s costs for the last six months ? (based on a hypothetical $10,000 investment)
|
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Expenses Paid, Amount | $ 23 | [1] | ||||||||||
Expense Ratio, Percent | 0.45% | [1],[2] | ||||||||||
Material Change Date | Mar. 28, 2025 | |||||||||||
Net Assets | $ 2,242,000,000 | |||||||||||
Holdings Count | Holdings | 505 | |||||||||||
Investment Company, Portfolio Turnover | 54.76% | |||||||||||
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (AS OF 10/31/24 )
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Holdings [Text Block] | Portfolio Holdings ( as of 10/31/24 ) Sector Allocation (Based on Net Assets) ![]() Allocation of Holdings (Based on Net Assets ) ![]() |
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Material Fund Change [Text Block] | This is a summary of certain changes to the Fund since May 1, 2024 . For more complete information, you may review the Fund’s current prospectus dated August 30, 2024 at bny.com/investments/literaturecenter or upon request at 1-800-373-9387. |
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Material Fund Change Strategies [Text Block] | The Fund’s Board has approved, subject to shareholder approval, an Agreement and Plan of Reorganization (the “Agreement”) between the BNY Mellon U.S Mortgage Fund (“Acquired Fund”) and BNY Mellon Core Plus Fund (the “Acquiring Fund”), a series of BNY Mellon Absolute Insight Funds, Inc. The Agreement provides for the transfer of the Acquired Fund’s assets to the Acquiring Fund in a tax-free exchange for Class A shares, Class C shares, Class I shares and Class Y shares of the Acquiring Fund and the assumption by the Acquiring Fund of the stated liabilities of the Acquired Fund, the distribution of Acquiring Fund Class A shares, Class C shares, Class I shares and Class Y shares to holders of the corresponding class of Fund shares (with holders of Class Z shares of the Acquired Fund to receive Class A shares of the Acquiring Fund) and the subsequent termination of the Acquired Fund (the “Reorganization”). It is currently contemplated that shareholders of the Acquired Fund as of December 9, 2024 (the “Record Date”) will be asked to approve the Agreement on behalf of the Acquired Fund at a special meeting of shareholders to be held on or about February 13, 2025. If the Agreement is approved, the Reorganization will be consummated on or about March 28, 2025. | |||||||||||
Summary of Change Legend [Text Block] | This is a summary of certain changes to the Fund since May 1, 2024 . For more complete information, you may review the Fund’s current prospectus dated August 30, 2024 at bny.com/investments/literaturecenter or upon request at 1-800-373-9387.
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Updated Prospectus Phone Number | 1-800-373-9387 | |||||||||||
Updated Prospectus Web Address | bny.com/investments/literaturecenter | |||||||||||
BNY Mellon Core Plus Fund - Class Y | ||||||||||||
Shareholder Report [Line Items] | ||||||||||||
Fund Name | BNY Mellon Core Plus Fund | |||||||||||
Class Name | Class Y | |||||||||||
Trading Symbol | DCPYX | |||||||||||
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report contains important information about BNY Mellon Core Plus Fund (the “Fund”) for the period of May 1, 2024 to October 31, 2024. | |||||||||||
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report | |||||||||||
Additional Information [Text Block] | You can find additional information about the Fund at bny.com/investments/literaturecenter . You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.
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Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period. | |||||||||||
Additional Information Phone Number | 1-800-373-9387 | |||||||||||
Additional Information Email | info@bny.com | |||||||||||
Additional Information Website | bny.com/investments/literaturecenter | |||||||||||
Expenses [Text Block] | What were the Fund’s costs for the last six months ? (based on a hypothetical $10,000 investment)
|
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Expenses Paid, Amount | $ 21 | |||||||||||
Expense Ratio, Percent | 0.40% | [2] | ||||||||||
Material Change Date | Mar. 28, 2025 | |||||||||||
Net Assets | $ 2,242,000,000 | |||||||||||
Holdings Count | Holdings | 505 | |||||||||||
Investment Company, Portfolio Turnover | 54.76% | |||||||||||
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (AS OF 10/31/24 )
|
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Holdings [Text Block] | Portfolio Holdings (as of 10/31/24 ) Sector Allocation (Based on Net Assets) ![]() Allocation of Holdings (Based on Net Assets ) ![]() |
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Material Fund Change [Text Block] | This is a summary of certain changes to the Fund since May 1, 2024 . For more complete information, you may review the Fund’s current prospectus dated August 30, 2024 at bny.com/investments/literaturecenter or upon request at 1-800-373-9387. |
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Material Fund Change Strategies [Text Block] | The Fund’s Board has approved, subject to shareholder approval, an Agreement and Plan of Reorganization (the “Agreement”) between the BNY Mellon U.S Mortgage Fund (“Acquired Fund”) and BNY Mellon Core Plus Fund (the “Acquiring Fund”), a series of BNY Mellon Absolute Insight Funds, Inc. The Agreement provides for the transfer of the Acquired Fund’s assets to the Acquiring Fund in a tax-free exchange for Class A shares, Class C shares, Class I shares and Class Y shares of the Acquiring Fund and the assumption by the Acquiring Fund of the stated liabilities of the Acquired Fund, the distribution of Acquiring Fund Class A shares, Class C shares, Class I shares and Class Y shares to holders of the corresponding class of Fund shares (with holders of Class Z shares of the Acquired Fund to receive Class A shares of the Acquiring Fund) and the subsequent termination of the Acquired Fund (the “Reorganization”). It is currently contemplated that shareholders of the Acquired Fund as of December 9, 2024 (the “Record Date”) will be asked to approve the Agreement on behalf of the Acquired Fund at a special meeting of shareholders to be held on or about February 13, 2025. If the Agreement is approved, the Reorganization will be consummated on or about March 28, 2025. | |||||||||||
Summary of Change Legend [Text Block] | This is a summary of certain changes to the Fund since May 1, 2024 . For more complete information, you may review the Fund’s current prospectus dated August 30, 2024 at bny.com/investments/literaturecenter or upon request at 1-800-373-9387.
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Updated Prospectus Phone Number | 1-800-373-9387 | |||||||||||
Updated Prospectus Web Address | bny.com/investments/literaturecenter | |||||||||||
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