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Individual Investors

    BNY Mellon Short Term Income Fund

    Why invest in this Fund?

    Effective May 6, 2022 (the "Effective Date"), the fund's policy to invest at least 80% of its net assets, plus any borrowings for investment purposes, in fixed-income securities of U.S. and foreign issuers rated investment grade or the unrated equivalent as determined by the fund's sub-adviser will be terminated. The fund, however, will continue to invest principally in fixed-income securities of U.S. and foreign issuers after the Effective Date. o pursue its goal, the fund normally invests principally in fixed-income securities of U.S. and foreign issuers. Typically, the fund's portfolio can be expected to have an average effective maturity and an average effective duration of three and one-half years or less.For additional yield, the fund may invest up to 35% of its assets in fixed-income securities rated below investment grade ("high yield" or "junk" bonds) to as low as Caa/CCC or the unrated equivalent as determined by the fund's sub-adviser.
    Min. class investment
    $2,500
    Class Inception Date
    08/18/92
    Fund Assets
    $107,964,789  As of  02/03/23
    Class Assets
    $101,728,129  As of  02/03/23
    Portfolio Turnover Rate
    43.43% As of fiscal year end  07/31/22
    Morningstar Category
    Short-Term Bond
    Benchmark
    ICE BofA Merrill Lynch 1-5 Year U.S. Corporate/Government Index
    Fund Holdings
    295 As of 12/31/22
    AVERAGE EFFECTIVE MATURITY
    2.51 yr(s).  As of  12/31/22
    AVERAGE EFFECTIVE DURATION
    2.42 yr(s).   As of  12/31/22

    Morningstar Rating™ as of December 31, 2022 for the Class D class shares; other classes may have different performance characteristics. Overall rating for the Short-Term Bond category. Fund ratings are out of 5 Stars: Overall 2 Stars (539 funds rated); 3 Yrs. 3 Stars (539 funds rated); 5 Yrs. 2 Stars (479 funds rated); 10 Yrs. 2 Stars (348 funds rated). The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance (not including the effects of sales charges, loads and redemption fees if applicable), placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. © Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.

     

    Portfolio Managers

    • David R. Bowser

      David R. Bowser, CFA

      Senior Portfolio Manager, Insight North America, LLC

      14 yr(s). on fund

    • Scott  Zaleski

      Scott Zaleski, CFA

      Senior Portfolio Manager, Insight North America, LLC

      3 yr(s). on fund

    • Gautam  Khanna

      Gautam Khanna

      Head of US Multi Sector Fixed Income,

      Since May 2022


    Total Returns

    Average Annual
    As of 01/31/23
    Name 3 MO
    01/31/23
    YTD
    01/31/23
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Short Term Income Fund
    DSTIX
    3.25 1.65 -3.06 -0.21 0.89 0.77 3.33
    Average Annual
    As of 12/31/22
    Name 3 MO
    12/31/22
    YTD
    12/31/22
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Short Term Income Fund
    DSTIX
    1.37 -5.63 -5.63 -0.46 0.54 0.63 3.28
    ICE BofA Merrill Lynch 1-5 Year U.S. Corporate/Government Index
    1.22 -5.54 -5.54 -0.67 0.87 1.01 -

    The ICE BofA Merrill Lynch 1-5 Year U.S. Corporate/Government Index tracks the performance of U.S. dollar-denominated investment-grade debt publicly issued in the U.S. domestic market, including U.S. Treasury, U.S. agency, foreign government, supranational and corporate securities, including all securities with a remaining term to final maturity less than five years. Investors cannot invest directly in any index.

    Growth of $10,000 Investment

    Historical Performance

      Yield fluctuates and past performance is no guarantee of future results.

      Monthly yield history is the annualized distribution rate that is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.

      Investment return fluctuates and past performance is no guarantee of future results.


      Prospectus Fee Table Expense Ratios

      As of  12/01/22 Fee Description Expense Ratio (%)
      Management Fee 0.30%
      Service Fee 0.20%
      Other Expenses 0.61%
      Total Expenses 1.11%
      Expenses Reimbursed 0.51%
      Net Expenses 0.60%
      Total Expenses is the total annual operating expense ratio for the fund, before any fee waivers or expense reimbursements. Net Expenses is the total annual operating expense ratio for the fund, after any applicable fee waivers or expense reimbursements. The Total Expenses, or Net Expenses (if including fee waivers or expense reimbursements) is the actual fund expense ratio applicable to investors.
      The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until December 1, 2023, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of its classes (excluding shareholder services fees, taxes, interest, brokerage Commissions, commitment fees on borrowings and extraordinary expenses) exceed 0.40%.  On or after December 1, 2023, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.

      Portfolio Manager/Sub-Investment Adviser

      The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser), and the fund's sub-adviser is Insight North America LLC (INA), an affiliate of BNYM Investment Adviser. David Bowser, CFA, Scott Zaleski, CFA and Gautam Khanna, CFA are the fund's primary portfolio managers, positions they have held since July 2008, July 2019 and May2022, respectively. Messrs. Bowser, Zaleski and Khanna are senior portfolio managers at INA.

      Top Holdings

      As of 12/31/22

      Asset Allocation


          Daily Statistics

          As of 02/03/23 Name 30-Day Sec Yield
          (WITHOUT WAIVER)
          30-Day Sec Yield
          (WITH WAIVER)
          NAV Change 03/01/22  12 Month 
          High Nav
          10/20/22  12 Month 
          Low Nav
          YTD Return
          DSTIX
          3.10% 3.76% $9.55
          -$0.04
          -0.42%
          $10.00 $9.27 1.68%

          Main Risks

          Bonds are subject to interest rate, credit, liquidity, call and market risks, to varying degrees. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price decline.

          Recent market risks include pandemic risks related to COVID-19. The effects of COVID-19 have contributed to increased volatility in global markets and will likely affect certain countries, companies, industries and market sectors more dramatically than others. To the extent the fund may overweight its investments in certain countries, companies, industries or market sectors, such positions will increase the fund's exposure to risk of loss from adverse developments affecting those countries, companies, industries or sectors.

          Risk Metrics

          As of  12/31/22  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DSTIX
          3.84 0.32 0.45 47.53 -0.32

          All risk metrics are provided by Morningstar. The index used in the calculations are determined by Morningstar which may not be the funds primary benchmark. The index Morningstar used for this analysis is Bloomberg U.S. Aggregate Bond Index.


          Dividend Schedule

          Declared
          Daily
          Distributed
          Monthly
          Paid
          Monthly
          Fiscal Year End
          Jul 31
          Annualized Distribution Rate
          3.06%
          As of  01/2023

          Annualized distribution rate is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.

          Month/Year Dividend ($)
          01/2023 0.025637778
          12/2022 0.023520678
          11/2022 0.023091355
          10/2022 0.021455284
          09/2022 0.019839015
          08/2022 0.018515422
          07/2022 0.008751136
          06/2022 0.010997690
          05/2022 0.016763969
          04/2022 0.013194715
          03/2022 0.014493456
          02/2022 0.013037256

          All figures as of month-end. Dividend history does not reflect any capital gains that may have been paid

          Distributions History

          Record Date Ex-Dividend Date Payable Date Ordinary 
          Non-Qualified 
          Dividends
          Qualified 
          Dividends
          Non-Qualified 
          Short-Term 
          Capital Gain
          Qualified 
          Short-Term 
          Capital Gain
          Long-Term 
          Capital Gain
          Total 
          Distribution
          Reinvest 
          NAV
          12/01/21 12/02/21 12/02/21 0.0000 0.0000 0.0074 0.0000 0.0000 0.0074 10.18
          Record Date Ex-Dividend Date Payable Date Ordinary 
          Non-Qualified 
          Dividends
          Qualified 
          Dividends
          Non-Qualified 
          Short-Term 
          Capital Gain
          Qualified 
          Short-Term 
          Capital Gain
          Long-Term 
          Capital Gain
          Total 
          Distribution
          Reinvest 
          NAV
          12/02/20 12/03/20 12/03/20 0.0000 0.0000 0.0213 0.0000 0.0000 0.0213 -
          12/03/18 12/04/18 12/04/18 0.0000 0.0000 0.0790 0.0000 0.0000 0.0790 -
          12/04/17 12/05/17 12/05/17 0.0000 0.0000 0.0400 0.0000 0.0000 0.0400 -
          12/04/13 12/05/13 12/05/13 0.0000 0.0000 0.0089 0.0000 0.0000 0.0089 -
          12/05/12 12/06/12 12/06/12 0.0000 0.0000 0.0237 0.0000 0.0000 0.0237 -
          12/20/07 12/21/07 12/21/07 0.0000 0.0000 0.0065 0.0000 0.0000 0.0065 -
          12/21/05 12/22/05 12/22/05 0.0000 0.0000 0.0150 0.0000 0.0000 0.0150 -
          12/21/04 12/22/04 12/22/04 0.0000 0.0000 0.0090 0.0000 0.0000 0.0090 -
          12/19/03 12/22/03 12/22/03 0.0000 0.0000 0.0069 0.0000 0.0000 0.0069 -
          12/29/92 12/30/92 12/31/92 0.0000 0.0000 0.0240 0.0000 0.0000 0.0240 -

          Literature

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