BNY Mellon Global Short-Dated High Yield Bond Fund
Fixed Income · Global · High Yield Bonds
Figures refer to the share class ISIN IE00BD5CV864, currency USD, clean share class.
Fund documents
For the share class shown above.
Factsheet: not publicly available (not found in the public sources checked).
KID (PDF, 16.02.2026)All documents on fundinfoKey facts
- Management company
- BNY Mellon Fund Management (Lux) S.A.
- Asset class
- Fixed Income
- Geography
- Global
- Strategy
- High Yield Bonds
- Share class currency
- USD
- Share class inception
- 30.11.2016
- Fund size
- 2489 million (as at 31.07.2026)
- Management fee
- 0.50%
- Performance fee
- No
- Liquidity
- Daily
- UCITS
- Yes
- Risk grade (SRRI)
- 3 (WSP fund database, as at 22.08.2026)
- Registered in Switzerland
- Yes
Price history
Fund and benchmark rebased to 100 at 30.09.2021.
Table view
| Period | From | Fund (100 at start) | Benchmark (100 at start) |
|---|---|---|---|
| 1Y | 03.10.2025 | 104.1 | 103.7 |
| 3Y | 29.09.2023 | 126.3 | 114.4 |
| 5Y | 30.09.2021 | 133.1 | 120.6 |
| Since 2016 | 28.02.2019 | 146.4 | 123.3 |
Total return: distributions reinvested.
In USD, the currency of the share class shown.
Fund history to 28.09.2026.
Benchmark history to 28.09.2026.
Past performance is not a reliable indicator of future results, and the value of investments can fall as well as rise.
Performance against the benchmark
| 1M | 3M | 6M | YTD | 2025 | 2024 | 2023 | 1Y | 3Y | 5Y | Volatility | Sharpe R. | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FundISIN IE00BD5CV864, currency USD, clean share class | 0.77 | 1.55 | 2.47 | 3.58 | 7.34 | 9.13 | 14.05 | 5.55 | 8.49 | 6.15 | 2.47 | 1.51 | -1.49 |
| BenchmarkSOFR Averages 90 Day Yld USD | 0.31 | 0.92 | 1.85 | 2.45 | 4.33 | 5.29 | 5.13 | 3.85 | 4.64 | 3.77 | – | – | – |
| Differencefund minus benchmark, in percentage points | 0.46 | 0.63 | 0.62 | 1.13 | 3.01 | 3.84 | 8.92 | 1.70 | 3.86 | 2.38 | – | – | – |
Within the list: OpenList — Long Only
Compared with the fixed income funds on OpenList — Long Only (15 funds), each in the share class and currency its list shows. Returns are in each share class's own currency and are not converted.
| This fund | Group median | Position | |
|---|---|---|---|
| Return 1Y | 5.55 | 5.18 | 7 of 15 |
| Return 3Y p.a. | 8.49 | 8.49 | 8 of 15 |
| 3Y p.a. over its own benchmark | 3.86 | 2.09 | 5 of 15 |
| Volatility 3Y | 2.47 | 4.83 | 2 of 15 |
| Sharpe ratio 3Y | 1.51 | 0.86 | 2 of 15 |
| Max drawdown 3Y | -1.49 | -2.60 | 3 of 15 |
| Management fee | 0.50% | 0.60% | 5 of 15 |
Position 1 is the highest value, except for volatility and the management fee, where 1 is the lowest; for max drawdown, 1 is the smallest fall.
Return against risk, 3 years
Share classes on the OpenList
| ISIN | Currency | Type | Mgmt fee | 1Y | 3Y |
|---|---|---|---|---|---|
| IE00BD5CTS25 | USD | Retail share class | 1.25% | 4.76 | 7.68 |
| IE00BD5CV864 (shown above) | USD | Clean share class | 0.50% | 5.55 | 8.49 |
Back to the list: OpenList — Long Only
Performance: in %, in the currency of the share class shown. 3Y and 5Y are annualised. Volatility and Sharpe ratio are over three years; Max DD is the largest fall over three years.
– means not applicable. "Not available in this publication" means no value is shown here; it does not mean zero.
Period figures as of 31.08.2026.
This page is advertising within the meaning of the Swiss Financial Services Act. It is not an offer, a recommendation or investment advice. The prospectus and key information document for any fund shown may be obtained free of charge from its management company or Swiss representative
WSP commentary
Draft commentary, machine-generated from the fund's monthly factsheet dated 31.05.2026; key information document (PRIIPs), not yet reviewed by WSP.
Investment rationale
The fund is a global short-dated high yield bond strategy with an objective to deliver positive returns greater than SOFR (90-day compounded) on a rolling 3-year basis, although positive returns are not guaranteed and capital loss may occur. It is intended for investors who plan to stay invested for at least 3 years and are prepared to take on a low level of risk of loss to original capital in order to seek a higher potential return. The PRIIPs Summary Risk Indicator for the USD A (Acc.) share class is 2 out of 7, and the fund is designed to form part of a portfolio of investments. Its distinct exposure comes from investing mainly in short-dated, high yielding global bonds, including sub-investment grade and unrated securities, with the ability to use long and short positions and derivatives.
Investment strategy
The stated objective is to deliver positive returns greater than the Cash Benchmark, SOFR (90-day compounded), on a 3 year rolling basis. The fund invests the majority of its NAV in a portfolio of short-dated high yielding bonds that mature, or are expected to mature, within approximately 3 years, with no geographical, industry or sector focus; it may invest in debt and debt-related securities that are investment grade, sub-investment grade or unrated. It may invest more than 20% of NAV in emerging markets, up to 10% in other collective investment schemes, up to 10% in unsecuritised loan participations and/or loan assignments, and up to 10% in aggregate in transferable securities or money market instruments not admitted to or dealt in on an Eligible Market; it may also hold a majority of NAV in cash, liquid or near cash assets to protect value. The fund can invest on a long and short basis and uses derivatives both to help achieve the investment objective and for risk or cost reduction or to generate additional capital or income. The benchmark is used as a target to measure performance on a rolling annualised 3-year basis before fees, the fund is actively managed, net income is retained in the accumulation share class, and the recommended holding period is 3 years.
Investment philosophy
• The portfolio is built mainly from high yielding short-dated bonds, defined as bonds that mature or are expected to mature within approximately 3 years, and it can also invest in other debt and debt-related securities.
• The investment universe is global and has no stated geographical, industry or sector focus; securities may be investment grade, sub-investment grade or unrated, and the fund may invest more than 20% of NAV in emerging markets.
• The fund is actively managed, can invest on both a long and short basis, and uses derivatives both to pursue the investment objective and for risk or cost reduction or to generate additional capital or income.
• ESG features are built into the process through Article 8 classification, a requirement to invest at least 5% of NAV in issuers meeting the SFDR definition of sustainable investment, exclusion of issuers involved in activities deemed environmentally or socially harmful, and a requirement that corporate issuers follow good governance practices.
• Current positioning disclosed includes sector exposure led by TMT at 16.7%, Building & Construction at 11.2%, Commercial services at 10.7%, and Energy - Oil & Gas at 9.2%; the largest issuer positions are Ithaca Energy North, Veon Midco Bv, Axalta Coat/Dutch Hld Bv, Grifols Sa and Albion Financing 3 Sarl, each at about 1.7% to 1.8% of NAV.
Management team
The named fund managers are Catherine Braganza, Ulrich Gerhard and Lorraine Specketer.
The asset manager
The fund is a sub-fund of BNY Mellon Global Funds, plc, and the product is managed by BNY Mellon Fund Management (Luxembourg) S.A. The investment manager is identified as Insight, which the report describes as leaders in risk management, fixed income and multi-asset investment solutions. BNY Mellon Fund Management (Luxembourg) S.A. is regulated by the Commission de Surveillance du Secteur Financier in Luxembourg. The broader group branding used in the documents is BNY, the corporate brand of The Bank of New York Mellon Corporation and its subsidiaries.
Strengths
The fund combines a short-dated maturity profile with a high yield bond remit, and it has broad flexibility across geographies, sectors and credit qualities. Its toolkit includes long and short positioning, derivatives, emerging market exposure, and the ability to move a majority of NAV into cash, liquid or near cash assets to protect value. The strategy also incorporates explicit ESG features through Article 8 classification, issuer exclusions and a minimum allocation to SFDR-defined sustainable investments. For the USD A (Acc.) share class, there is no entry or exit fee charged by the product itself, daily dealing is available on Irish business days, and the minimum initial investment is USD 5,000.
Risks
The documents state that the value of investments can fall and investors may not get back the amount invested, while income from investments may vary and is not guaranteed. The PRIIPs Summary Risk Indicator for the USD A (Acc.) share class is 2 out of 7, and the report also notes currency risk because the fund invests in international markets and returns may be affected by exchange-rate movements. The named portfolio risks include geographic concentration risk, derivatives risk, changes in interest rates and inflation risk, credit ratings and unrated securities risk, credit risk, emerging markets risk and counterparty risk. The ESG investment approach is also identified as a risk because restrictions on exposure to certain sectors or investments may affect performance, and the approach depends on third-party data that may be incomplete, inaccurate or inconsistent.