BNY Mellon Global Fixed Income Fund
Actively managed global bond fund
As of its 2026 Q2 report, BNY Mellon Global Fixed Income Fund held 426 positions with $4.57B in net assets. Its ten largest holdings made up 24.6% of the fund. The SDGIX share class costs 0.54% a year. Over the 12 months to May 2026, SDGIX returned 3.5%, with dividends reinvested. In 2026 Q2 it added 221 new positions and exited 120.
The fund seeks to maximize total return while realizing a market level of income consistent with preserving principal and liquidity.
The fund is managed by a sub-adviser that seeks undervalued fixed-income securities across at least three countries, typically eight or more, using fundamental economic research and quantitative analysis to allocate among government bonds, corporate debt, mortgage-related securities, and floating rate loans, with up to 25% in emerging markets and up to 25% in below-investment-grade securities rated no lower than B. The sub-adviser focuses on securities with potential for credit upgrades or unique structural features and may use derivatives to manage interest rate, currency, and duration risks. Because security selection depends on the sub-adviser's assessment of relative value and fundamental outlook, fund performance will diverge from any benchmark.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 4.75% · due 2056-02-15 | 3.85% | $175.96M | — |
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 4.00% · due 2035-11-15 | 3.67% | $168.05M | — |
UNITED KINGDOM - THE LORD COMMISSIONERS OF HER MAJESTY'S TREASURY DEBT MANAGEMENT OFFICE 4.38% · due 2054-07-31 | 2.73% | $124.63M | — |
SOUTH KOREA, REPUBLIC OF - MINISTRY OF ECONOMY AND FINANCE 2.63% · due 2035-06-10 | 2.68% | $122.39M | — |
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 4.63% · due 2046-02-15 | 2.42% | $110.80M | — |
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 5.00% · due 2056-05-15 | 2.29% | $104.81M | — |
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 4.63% · due 2035-02-15 | 1.86% | $85.27M | — |
MINISTERO DELL'ECONOMIA E DELLE FINANZE - DIPARTIMENTO DEL TESORO 4.30% · due 2054-10-01 | 1.72% | $78.59M | — |
JAPAN, GOVERNMENT OF - MINISTRY OF FINANCE 2.20% · due 2054-06-20 | 1.71% | $78.26M | — |
CHINA, PEOPLE'S REPUBLIC OF - MINISTRY OF FINANCE 1.61% · due 2035-02-15 | 1.69% | $77.27M | — |
The 200 largest of 426 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 66.28% |
| Securitized | 29.56% |
| Cash & short-term | 1.85% |
| Derivatives | 0.28% |
Derivatives are shown at market value, not notional exposure.
How it has done
SDGIX share class · total returns with dividends reinvested
Volatility over the last 12 months: 3.25%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 4 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.54% | +3.47% | +15.61% | — | -2.86% | |
| 0.86% | +3.19% | +14.57% | — | -2.92% | |
| 1.55% | +2.43% | +12.03% | — | -3.23% | |
| 0.49% | +3.59% | +15.85% | — | -2.84% |
These classes hold the same portfolio, so the 3.83pp spread over 3 years is the cost difference between them — roughly 1.28pp a year — not a difference in what they own.
Fees & fund details
BNY Mellon Global Fixed Income Fund is an actively managed global bond fund.
- Asset class
- Bonds
- Region
- Global
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Investment grade
- Rate sensitivity
- Intermediate duration
- Expense ratio, by class
- 0.49% – 1.55%· SDGIX 0.54%
- Portfolio turnover
- 85.94% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
221 new· the largest 4
120 exited· the largest 3
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
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 | 98.8% |
| Floating rate | 1.2% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.2% |
| 1-3y | 5.4% |
| 3-5y | 2.1% |
| 5-10y | 30.6% |
| 10y+ | 61.7% |
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 | 56% |
| Credit spreads | 44% |
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 | +4.24 yr |
| High yield | +0.26 yr |
Share of duration at each point, shortest first. This filer signs its rate and credit disclosures differently; the direction shown follows its interest-rate filing, and a negative reading is the least-supported figure here.
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.44 yr | 8% |
| 5 yr | 1.61 yr | 28% |
| 10 yr | 2.29 yr | 40% |
| 30 yr | 1.36 yr | 24% |
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.38 yr | 8% |
| 5 yr | 3.08 yr | 67% |
| 10 yr | 1.14 yr | 25% |
30 yr is NEGATIVE (-0.10 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
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 | +0.01 | +0.01 | +0.00 | $3.6k | $0 |
| 1 yr | +0.44 | +0.37 | +0.01 | $167.8k | $4.2k |
| 5 yr | +1.61 | +2.94 | +0.14 | $1.34m | $61.9k |
| 10 yr | +2.29 | +1.04 | +0.10 | $475.3k | $45.9k |
| 30 yr | +1.36 | -0.12 | +0.01 | -$52.8k | $5.2k |
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 5.72 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.
Understand how this fund fits with the rest.
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