Fund Evaluator:
BNY Mellon Bond M (MPBFX)
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Fund Details
BNY Mellon Bond M Overview
BNY Mellon Bond M (MPBFX) is an actively managed Taxable Bond Intermediate Core Bond fund. BNY Mellon Funds launched the fund in 2000.
The investment seeks total return (consisting of capital appreciation and current income). The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in bonds. The investment adviser actively manages the fund's bond market and maturity exposure and credit profile and uses a disciplined process to select bonds and manage risk. Generally, the average effective duration of the fund's portfolio will not exceed eight years. The fund may invest in individual bonds of any duration.
About BNY Mellon Bond M (MPBFX)
There are 2 members of the management team with an average tenure of 0.36 years: James DiChiaro (2026), Scott Zaleski (2026). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. BNY Mellon Bond M has 271 securities in its portfolio. The top 10 holdings constitute 16.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
BNY Mellon Bond M is part of the Fixed Income global asset class and is within the Taxable Bond fund group. BNY Mellon Bond M has 6.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 1.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 98.4% (92.2% domestic bond, 6.2% foreign bond and 0.0% convertible bond). BNY Mellon Bond M has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $3 billion average for the Intermediate Core Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MPBFX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The BNY Mellon Bond M expense ratio is average compared to funds in the Intermediate Core Bond category. BNY Mellon Bond M has an expense ratio of 0.58%, which is 2% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. BNY Mellon Bond M has a portfolio turnover rate of 58%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 150% for the Intermediate Core Bond category.
Recently, in the month of June 2026, BNY Mellon Bond M returned 0.2%, which earned it a grade of C, as the Intermediate Core Bond category had an average return of 0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
BNY Mellon Bond M has a trailing yield of 3.86%, which is below the 3.97% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
BNY Mellon Bond M Grades
Year to date, the fund has returned 0.5%, 0.1 percentage points worse than the category, which translates into a grade of D. The fund has returned 3.5% over the past year (grade of D), 3.9% over the past three years (grade of D) and -0.2% per year over the past five years (grade of D) and 1.5% per year over the past 10 years (grade of C).
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MPBFX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MPBFX Return (NAV) | 0.2% | 0.6% | 3.5% | 3.9% | -0.2% | 1.5% |
| MPBFX Grade | C | D | D | D | D | C |
| +/- Category | 0.0% | -0.1% | -0.1% | -0.3% | -0.2% | -0.0% |
| Intermediate Core Bond Avg | 0.2% | 0.7% | 3.7% | 4.2% | -0.0% | 1.6% |
| MPBFX Tax Cost Ratio | na | na | 1.5% | 1.5% | 1.3% | 1.3% |
MPBFX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MPBFX Return (NAV) | 0.5% | 7.2% | 1.1% | 5.5% | -13.5% | -1.5% | 7.9% | 8.8% | -0.5% | 3.9% | 2.5% |
| MPBFX Grade | D | C | D | D | C | C | C | B | C | B | D |
| +/- Category | -0.1% | 0.2% | -0.5% | -0.2% | -0.4% | -0.0% | -0.2% | 0.4% | -0.1% | 0.3% | -0.2% |
| Intermediate Core Bond Avg | 0.6% | 7.0% | 1.6% | 5.6% | -13.2% | -1.5% | 8.1% | 8.5% | -0.4% | 3.6% | 2.8% |
| Risk Measures | |
| Standard Deviation: | 5.6% |
| Total Risk Index: | 0.46 - Low |
| Category Risk Index: | 1.01 - Above Average |
| Category Risk Grade: | D (68% Rank) |
| Beta: | 1.01 |
| R-Squared: | 100% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 3.9% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1194 Mil |
| Fund Total Assets: | $1,187 Mil |
| Share Class Type: | M |
| Portfolio Turnover: | 58% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.4 years | |||
| Average Tenure: 0.4 years | |||
| Managers (Year): DiChiaro James (2026), Zaleski Scott (2026) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 271 |
| % in Top 10 Holdings: | 16.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 6.2% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 1.2% |
| Domestic Bond: | 92.2% |
| Foreign Bond: | 6.2% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.4% |
Purchase Information
| Fund Family: | BNY Mellon Funds |
| Phone Number: | 800-373-9387 |
| Website: | www.bnymellon.com |
| Status: | Open |
| Inception Date: | October 2, 2000 |
| Min. Initial Purchase: | $10,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.58% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.57% |
| Share Class: | BNY Mellon Bond M |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
