BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Net Interest Margin (Bank Only) % : 3,274.00% (As of Feb. 2024)

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What is BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's annualized Net Interest Income (for Banks) for the quarter that ended in Feb. 2024 was $13.10 Mil. BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's average earning assets for the quarter that ended in Feb. 2024 was $0.40 Mil. Therefore, BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Feb. 2024 was 3,274.00%.

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Net Interest Margin (Bank Only) % Historical Data

The historical data trend for BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Net Interest Margin (Bank Only) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Net Interest Margin (Bank Only) % Chart

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Net Interest Margin (Bank Only) %

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1,479.52

7,115.00

4,173.93

3,089.74

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Semi-Annual Data
	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Net Interest Margin (Bank Only) %	Get a 7-Day Free Trial						-	-	-	3,445.79	3,274.00

Competitive Comparison of BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Net Interest Margin (Bank Only) %

For the Asset Management subindustry, BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Net Interest Margin (Bank Only) % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Net Interest Margin (Bank Only) % falls into.

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Aug. 2023 is calculated as

	Net Interest Margin (Bank Only) %		(A: Aug. 2023 )
=	(Interest Income + Interest Expense)	/	Average Earning Assets
=	Net Interest Income (for Banks)	/	( (Earning Assets (A: Aug. 2022 )	+	Earning Assets (A: Aug. 2023 ))	/ count )
=	11.741	/	( (0	+	0.38)	/ 1 )
=	11.741	/	0.38
=	3,089.74 %

where

	Earning Assets		(A: Aug. 2022 )
=	Money Market Investments	+	Net Loan	+	Securities & Investments
=	0	+	0	+	0
=	0

	Earning Assets		(A: Aug. 2023 )
=	Money Market Investments	+	Net Loan	+	Securities & Investments
=	0.38	+	0	+	0
=	0.38

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Feb. 2024 is calculated as

	Net Interest Margin (Bank Only) %		(Q: Feb. 2024 )
=	(Interest Income + Interest Expense)	/	Average Earning Assets
=	Net Interest Income (for Banks)	/	( (Earning Assets (Q: Aug. 2023 )	+	Earning Assets (Q: Feb. 2024 ))	/ count )
=	13.096	/	( (0.38	+	0.42)	/ 2 )
=	13.096	/	0.4
=	3,274.00 %

where

	Earning Assets		(Q: Aug. 2023 )
=	Money Market Investments	+	Net Loan	+	Securities & Investments
=	0.38	+	0	+	0
=	0.38

	Earning Assets		(Q: Feb. 2024 )
=	Money Market Investments	+	Net Loan	+	Securities & Investments
=	0.42	+	0	+	0
=	0.42

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is two times the semi-annual (Feb. 2024) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund (NYSE:DCF) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Net Interest Margin (Bank Only) % Related Terms

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BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc (NYSE:DCF) » Definitions » Net Interest Margin (Bank Only) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o BNY Mellon Investment Adviser, Inc., 240 Greenwich Street, New York, NY, USA, 10286

Website

https://www.bnymellonim.com

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc is a diversified closed-end management investment company. Its investment objectives are to seek high current income and to return at least the Fund's original NAV to holders of record of common shares on or about the termination date.

Executives

Bushra Mannan	other: Director of BNYMIA (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Irene Papadoulis	other: Director of BNYMIA (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Ping Jiang	other: Dir. of Invest. Oversight (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Bradley J Skapyak	officer: President	200 PARK AVENUE, NEW YORK NY 10166
Joseph Martella	officer: VP	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10288
Daniel Goldstein	officer: VP	240 GREENWICH STREET, NEW YORK NY 10286
Robert J. Pomeroy	officer: VP; Investment Adviser	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Vinay Patel	other: Head of Finance of Sub-Adviser	200 PARK AVE, NEW YORK CITY NY 10166
Alcentra Ny, Llc	other: Sub-Adviser	200 PARK AVENUE, 7TH FLOOR, NEW YORK NY 10166
Brandon Chao	other: Portfolio Mgr of Sub-Adviser	200 PARK AVENUE, NEW YORK CITY NY 10166
Laurence Raven	other: Portfolio Mgr of Sub-Adviser	200 PARK AVENUE, NEW YORK CITY NY 10166
Ross Curran	other: Portfolio Mgr of Sub-Adviser	200 PARK AVENUE, NEW YORK CITY NY 10166
Cathy Bevan	other: Portfolio Mgr of Sub-Adviser	200 PARK AVENUE, NEW YORK CITY NY 10166
Daire Wheeler	other: Portfolio Mgr of Sub-Adviser	200 PARK AVENUE, NEW YORK CITY NY 10166
Eric Larsson	other: Portfolio Mgr of Sub-Adviser	C/O ALCENTRA NY LLC, 200 PARK AVENUE, NEW YORK CITY NY 10166