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Bny Mellon Floating Rate Income Fund - Class Y (DFLYX)
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11.04
-0.08
-0.72%
- Morningstar Rating:
- Total Assets: 583.09M
Dreyfus Floating Rate Income Y
11.04
-0.08
-0.72%
- Overview
- Profile
- Historical Data
- Holdings
Bny Mellon Floating Rate Income Fund - Class Y Overview
On this page you'll find an in-depth profile of Bny Mellon Floating Rate Income Fund - Class Y. Learn about the key management, total assets, investment strategy and contact information of DFLYX among other information.
Investment Strategy
The investment seeks high current income. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in floating rate loans and other floating rate securities. These investments effectively should enable the fund to achieve a floating rate of income. The fund's sub-adviser, Alcentra NY, LLC, normally focuses on senior secured floating rate loans, which are loans secured by specific collateral of the borrower and are senior to most other securities of the borrower (e.g., common stock or debt instruments) in the event of bankruptcy.
Contact Information
Top Executives
| Name | Title | Since | Until |
|---|---|---|---|
| Kevin L. Cronk | Portfolio Manager | 2017 | Now |
| Biography | Mr. Cronk joined Alcentra in January 2013 as part of the combination of Alcentra with Standish Mellon Asset Management Company LLC’s high yield business, and is the Head of U.S. Credit Research and a member of the U.S. Investment Committee. Mr. Cronk joined Standish Mellon Asset Management Company LLC, an affiliate of BNYM Investment Adviser and Alcentra, in 2011 from Columbia Management, where he worked for eleven years as a High Yield Analyst and Portfolio Manager. Prior to that, he worked as a High Yield Investment Associate at Putnam Investments. | ||
| Chris Barris | head | 2013 | Now |
| Biography | Chris Barris, Kevin Cronk, CFA, and Leland Hart are the fund's primary portfolio managers, positions they have held since October 2010, September 2012 and February 2018, respectively. Messrs. Mr. Barris has been employed by BNYM Investment Adviser since July 2007 and is Global Head of High Yield and Deputy Chief Investment Officer at Alcentra, which he joined in January 2013. Mr. Cronk has been employed by BNYM Investment Adviser since July 2012 and is a Managing Director and Head of U.S. Credit at Alcentra, which he joined in January 2013. Mr. Hart has been employed by BNYM Investment Adviser since February 2018 and is a Managing Director and Head of U.S. Loans and High Yield at Alcentra, which he joined in January 2018. Prior to joining Alcentra, Mr. Hart was a managing director for BlackRock Asset Management, where he was employed since 2009. Messrs. Barris, Cronk and Hart manage the fund in their capacity as employees of BNYM Investment Adviser. | ||
| Leland Hart | Portfolio Manager | 2018 | 2021 |
| Biography | Leland Hart is primary portfolio manager from Dreyfus Corporation. Mr. Hart is a Managing Director and Head of U.S. Loans and High Yield at Alcentra. Mr. Hart has been Managing Director of BlackRock, Inc. since 2009; Partner of R3 Capital Partners ("R3") in 2009; Managing Director of R3 from 2008 - 2009; Managing Director of Lehman Brothers from 2006 - 2008; Executive Director of Lehman Brothers from 2003 - 2006. | ||
| William Lemberg | Managing Director | 2013 | 2017 |
| Biography | Mr. Lemberg is the fund's primary portfolio manager principally responsible for floating rate loans and other floating rate securities. He is a managing director, senior portfolio manager and head of Alcentra's U.S. loan platform. Mr. Lemberg has been employed by Alcentra since 2008 and, for more than five years prior thereto, by BNY Capital Markets. | ||
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