DSDDX — Dreyfus Ultra Short Income Fund

Data updated: 2022-02-03

DSDDX — Dreyfus Ultra Short Income Fund. Leveraged · $44.57M AUM · 0.60% expense ratio · -0.5% 1-yr return. Holdings, fees, performance and SEC filings.

DSDDX Fund Overview

DSDDX — Dreyfus Ultra Short Income Fund is a US mutual fund managed by BNY Mellon Ultra Short Income Fund, categorised as Leveraged. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

Type: US mutual fund
Manager: BNY Mellon Ultra Short Income Fund
Category: Leveraged
Assets under management: $44.57M
1-year return: -0.5%
Ticker: DSDDX
SEC CIK: 0000804887
SEC series ID: S000000097
Share class ID: C000136230

DSDDX Investment Objective and Strategy

Dreyfus Ultra Short Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by BNY Mellon Ultra Short Income Fund.

Investment objective

The fund seeks high current income consistent with the maintenance of liquidity and low volatility of principal.

Principal investment strategy

To pursue its goal, the fund normally invests in a broad range of U.S. dollar-denominated debt securities, including money market instruments. The fund's investments may include: securities issued or guaranteed as to principal and interest by the U.S. government or its agencies or instrumentalities (including mortgage-related securities); certificates of deposit, time deposits, bankers' acceptances and other short-term securities issued by domestic or foreign banks or thrifts or their subsidiaries or branches; domestic and foreign commercial paper, and other short-term corporate obligations, including those with floating or variable rates of interest; obligations issued or guaranteed by one or more foreign governments or any of their political subdivisions or agencies; repurchase agreements, including tri-party repurchase agreements; asset-backed securities; municipal securities; inflation-indexed securities; and zero coupon securities.

The fund is designed to provide a high degree of share price stability while generating higher returns than money market funds over time and , thus, may be an investment alternative to money market funds and other fixed-income funds. The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in debt securities, including money market instruments. The fund is not a money market fund and is not subject to the maturity, quality, liquidity and diversification requirements applicable to money market funds. Under normal circumstances, the fund expects to maintain a dollar-weighted average portfolio maturity of 120 days or less. In addition, the fund will only buy individual securities with remaining maturities of 18 months or less, or that have demand or other features which reduce their maturities to 18 months or less at the time of purchase.

Under normal circumstances, the fund invests only in securities that, at the time of purchase, are rated investment grade (i.e., Baa/BBB or higher) or in the top three short-term rating categories by at least one nationally recognized statistical rating organization or, if unrated, determined to be of comparable quality by The Dreyfus Corporation. The fund's portfolio manager buys and sells debt securities based on credit quality, financial outlook and yield potential. The fund attempts to increase yields by trading to take advantage of short-term market variations. This policy is expected to result in high portfolio turnover but should not adversely affect the fund since the fund usually does not pay brokerage commissions when purchasing short-term obligations. In addition, the fund's yield will fluctuate as securities in its portfolio mature and the proceeds are reinvested in securities with different interest rates.

The fund will concentrate its investments in the financial services industry. Therefore, under normal circumstances, the fund will invest more than 25% of its assets in securities issued by companies in the financial services industry and repurchase agreements secured by such obligations. The fund may, however, invest less than 25% of its assets in securities issued by companies in the financial services industry for temporary defensive purposes.

DSDDX Performance

Total returns for DSDDX (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	-0.5%
3 years (annualised)	0.2%

DSDDX Risk Information

Risk metrics for DSDDX, derived from monthly returns in SEC filings.

1-year volatility (annualised): 0.2%

DSDDX Costs and Fees

DSDDX costs about $60 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.60%
Gross expense ratio: 0.78%
Portfolio turnover: 0%

DSDDX Cashflows

Over the 12 months to 2021-11, Dreyfus Ultra Short Income Fund had net outflows of $35.57M, from monthly SEC N-PORT filings.

Month	Net flow
2021-11	−$12.17M
2021-10	−$3.73M
2021-09	−$1.67M
2021-08	−$526.35K
2021-07	−$3.18M
2021-06	−$999.16K

DSDDX Debt Constituents

No individual debt constituents are reported in Dreyfus Ultra Short Income Fund's latest SEC N-PORT filing.

DSDDX Prospectus and SEC Filings

Official Dreyfus Ultra Short Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Leveraged funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.