BNY Mellon Core Plus Fund
BNY Mellon Absolute Insight Funds, Inc. · 4 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
BNY Mellon Core Plus Fund is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Investment grade
- Rate sensitivity
- Intermediate duration
Fund profile
As filed in the prospectus · 2025 Q3
The fund seeks high total return consistent with preservation of capital.
The fund invests in a diversified portfolio of fixed-income securities selected by its sub-adviser, Insight North America LLC, based on proprietary credit research that evaluates relative value and pricing inefficiencies across sectors and individual issuers. The portfolio normally holds investment-grade securities rated Baa3/BBB- or higher, though up to 25% may be in below-investment-grade debt, with average effective duration typically between three and eight years. Because security selection depends on the sub-adviser's credit analysis and valuation judgments, portfolio performance will diverge from any benchmark based on those judgments proving correct or incorrect. The fund may use derivatives to manage duration, hedge interest rate risk, or enhance returns.
| Share class | Gross | Net |
|---|---|---|
| DCPAX | 0.71% | 0.70% |
| DCPCX | 1.49% | 1.45% |
| DCPIX | 0.46% | 0.45% |
| DCPYX | 0.39% | 0.39% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 111.76% · as of 2025 Q3
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 56.63% |
| Securitized | 40.44% |
| Cash & short-term | 0.92% |
| Derivatives | -0.50% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Securitized | 42.8% |
| Government | 13.3% |
| Other | 9.8% |
| Financials | 8.2% |
| 12 smaller | 26.0% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: FEDERAL NATIONAL MORTGAGE ASSOCIATION, QUEENSLAND TREASURY CORP, NEW SOUTH WALES TREASURY CORP, TREASURY CORP OF VICTORIA, UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT ×2, GOVERNMENT NATIONAL MORTGAGE ASSOCIATION ×2
Largest exited: Fannie Mae or Freddie Mac, DREYFUS INSTITUTIONAL PREFERRE, JPMORGAN CHASE & CO, US TREASURY N/B, INTERCONTINENTAL EXCHANGE, INC., Fannie Mae, The AES CORP, GOLDMAN SACHS GROUP INC
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +4.46% | +12.46% | +2.24% | 3.89% | -5.90% | |
| +3.68% | +10.01% | -1.58% | 3.86% | -6.13% | |
| +4.75% | +13.35% | +3.56% | 3.71% | -5.66% | |
| +4.79% | +13.54% | +3.76% | 3.85% | -5.62% |
These classes hold the same portfolio, so the 5.35pp spread over 5 years is the cost difference between them — roughly 1.07pp a year — not a difference in what they own.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 90.2% |
| Floating rate | 9.1% |
| Zero-coupon or unclassified | 0.6% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 1.6% |
| 1-3y | 3.6% |
| 3-5y | 9.8% |
| 5-10y | 23.9% |
| 10y+ | 60.4% |
| Unknown | 0.7% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 57% |
| Credit spreads | 43% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +4.56 yr |
| High yield | +0.50 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.03 yr | 0% |
| 1 yr | 0.72 yr | 11% |
| 5 yr | 2.11 yr | 31% |
| 10 yr | 2.58 yr | 38% |
| 30 yr | 1.32 yr | 20% |
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.39 yr | 8% |
| 5 yr | 2.77 yr | 55% |
| 10 yr | 1.77 yr | 35% |
| 30 yr | 0.12 yr | 2% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.03 | +0.00 | +0.00 | $1.2k | $815 |
| 1 yr | +0.72 | +0.30 | +0.09 | $75.4k | $24.0k |
| 5 yr | +2.11 | +2.48 | +0.28 | $631.2k | $72.3k |
| 10 yr | +2.58 | +1.65 | +0.12 | $420.1k | $30.2k |
| 30 yr | +1.32 | +0.12 | +0.00 | $30.9k | $673 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 6.75 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT5.00% · due 2045-05-15 | 2.09% | $53.05M | — |
| — | FEDERAL NATIONAL MORTGAGE ASSOCIATION5.00% · due 2056-05-01 | 1.07% | $27.10M | — |
| — | Federal Home Loan Mortgage Corp.5.00% · due 2054-11-01 | 0.98% | $24.94M | — |
| — | UNITED KINGDOM - THE LORD COMMISSIONERS OF HER MAJESTY'S TREASURY DEBT MANAGEMENT OFFICE1.50% · due 2053-07-31 | 0.96% | $24.33M | — |
| — | FEDERAL NATIONAL MORTGAGE ASSOCIATION2.00% · due 2051-07-01 | 0.95% | $24.22M | — |
| — | QUEENSLAND TREASURY CORP5.25% · due 2036-07-21 | 0.93% | $23.68M | — |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT2.38% · due 2055-02-15 | 0.93% | $23.66M | — |
| — | NEW SOUTH WALES TREASURY CORP4.25% · due 2036-02-20 | 0.93% | $23.57M | — |
| — | TREASURY CORP OF VICTORIA4.75% · due 2036-09-15 | 0.90% | $22.96M | — |
| — | MINISTERO DELL'ECONOMIA E DELLE FINANZE - DIPARTIMENTO DEL TESORO4.30% · due 2054-10-01 | 0.87% | $22.05M | — |
Top 10 positions are 10.60% of net assets, top 25 19.54%, across 513 issuers.
See more of this fund's book
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