BNY Mellon Equity Income Fund

Why invest in this Fund?

The fund seeks total return (consisting of capital appreciation and income). This objective may be changed by the fund's board, upon 60 days' prior notice to shareholders.

To pursue its goal, the fund normally invests at least 80% of its net assets in equity securities. The fund seeks to focus on dividend-paying stocks and other investments and investment techniques that provide income.

Min. class investment
$1,000
Class Inception Date
07/05/06
Fund Assets
$1,061,183,901  As of  12/11/19
Class Assets
$73,707,138  As of  12/11/19
Portfolio Turnover Rate
29.56%  As of fiscal year end  05/31/19
Morningstar Category
Large Value
Benchmark
S&P 500(r) Index
Morningstar Overall Rating
Fund Holdings
105  As of  11/30/19

Morningstar Rating™ as of November 30, 2019 for the Class C class shares; other classes may have different performance characteristics. Overall rating for the Large Value category. Fund ratings are out of 5 Stars: Overall 3 Stars (1082 funds rated); 3 Yrs. 4 Stars (1082 funds rated); 5 Yrs. 3 Stars (944 funds rated); 10 Yrs. 3 Stars (685 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. ©2018 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

  • Yao, Chris

    Chris Yao

    Mellon Investments Corporation

    0 yr(s). on fund

  • Goslin, Peter

    Peter Goslin

    Portfolio Manager, Mellon Investments Corporation

    4 yr(s). on fund

  • Zamil, Syed A.

    Syed A. Zamil

    CFA, Portfolio Manager, Mellon Investments Corporation

    2 yr(s). on fund


Click here to see SALES CHARGE  Max Sales Charge:  1.00% CDSC Load
As of  11/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Equity Income Fund
DQICX
9.28 10.90 7.81 11.06 7.27 07/05/06
S&P 500(r) Index
16.11 14.88 10.98 13.44 - -
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Equity Income Fund
DQICX
-1.16 9.18 7.60 10.85 6.88 07/05/06
S&P 500(r) Index
4.25 13.39 10.84 13.24 - -
Click here to see SALES CHARGE  Max Sales Charge:  1.00% CDSC Load
As of  11/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Equity Income Fund
DQICX
9.28 36.38 45.66 185.51 156.36 07/05/06
S&P 500(r) Index
16.11 51.62 68.34 252.89 - -
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Equity Income Fund
DQICX
-1.16 30.13 44.20 180.22 141.33 07/05/06
S&P 500(r) Index
4.25 45.80 67.27 246.74 - -
The S&P 500® Index is widely regarded as the best single gauge of large-cap U.S. equities. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization.

Growth of $10,000 Investment

Historical Performance

    These figures do not reflect the maximum sales charge which, if included, would reduce return.

    Yearly Total Return

    Fund 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
    DQICX
    -4.52% 16.15% 16.05% -4.52% 11.40% 28.87% 8.62% 9.53% 11.67% 20.11%

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


    Redemption Charge

    As of  12/12/19  Redemption Year CDSC
    Year 1 1.00
    Class C shares are subject to a contingent deferred sales charge (CDSC) imposed on Class C shares redeemed within one year of purchase.

    Prospectus Fee Table Expense Ratios

    As of  10/17/19 Fee Description Expense Ratio (%)
    Management Fee 0.70%
    12B-1 Fee 0.75%
    Service Fee 0.25%
    Other Expenses 0.13%
    Total Expenses 1.83%
    Expenses Reimbursed 0.05%
    Net Expenses 1.78%
    The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until September 30, 2020, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of the classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed .78%. On or after September 30, 2020, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation at any time.

    Portfolio Manager/Sub-Investment Advisor

    The fund's investment adviser is BNY Mellon Investment Adviser, Inc (BNYM Investment Adviser). The fund is managed by a team of portfolio managers employed by BNY Mellon Investment Adviser and Mellon Investments Corporation (Mellon), an affiliate of BNYM Investment Adviser. The team members who are jointly and primarily responsible for managing the fund's portfolio are Peter D. Goslin, CFA, Syed A. Zamil, CFA and Chris Yao, CFA. Messrs. Goslin, Zamil and Yao have been primary portfolio managers of the fund since February 2015, March 2017 and December 2019, respectively. Mr. Goslin is a director and senior portfolio manager at Mellon, where he leads the Multi-Factor Equity team. Mr. Zamil is a managing director and global investment strategist for the Multi-Factor Equity team at Mellon. Mr. Yao is head of Equity Quantitative research at Mellon. Mellon investment professionals manage the fund in their capacity as employees of BNY Mellon Investment Adviser, Inc.

    Top Holdings

    As of  11/30/19   Holdings % Portfolio  Weight
    Apple 4.48
    Microsoft 4.18
    AT&T 3.64
    Bristol-Myers Squibb 3.12
    Amazon.com 2.86
    Altria Group 2.65
    JP Morgan Chase & Co. 2.58
    Philip Morris International 2.47
    Gilead Sciences 2.30
    Intel 2.14

    Asset Allocation


        Daily Statistics

        As of  12/11/19 Name NAV Change 11/27/19  12 Month 
        High Nav
        01/03/19  12 Month 
        Low Nav
        YTD Return
        DQICX
        $20.41
        $0.02
        0.10%
        $20.51 $16.87 20.47%

        Performance Metrics

        Overall Morningstar Rating


        MORNINGSTAR CATEGORY Large Value


        Morningstar Rating™ as of 11/30/19 for the Class C shares; other classes may have different performance characteristics. Overall rating for the Large Value. Fund ratings are out of 5 Stars: Overall 3 Stars (2711 funds rated); 3 Yrs. 4 Stars (1082 funds rated); 5 Yrs. 3 Stars (944 funds rated); 10 Yrs. 3 Stars (685 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.

        Lipper Rankings

        • 1 Year
          387 out of 527
        • 3 Year
          174 out of 467
        • 5 Year
          203 out of 410
        • 10 Year
          108 out of 243

        LIPPER CLASSIFICATION Equity Income Funds


        Lipper Category returns and rankings are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns. Rankings do not reflect sales loads

        Main Risks

        Equities are subject to market, market sector, market liquidity, issuer, and investment style risks to varying degrees.

        Risk Metrics

        As of  11/30/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DQICX
        12.15 -3.14 0.97 92.36 0.78

        Dividend Schedule

        Declared
        Monthly
        Distributed
        Monthly
        Paid
        Monthly
        Fiscal Year End
        May 31
        Year Dividend ($) Capital Gains ($)
        2019 0.3431 0.0000
        2018 0.3119 0.4247
        2017 0.3101 1.1157
        2016 0.3430 0.1256
        2015 0.3518 1.0716
        2014 0.3338 0.4847
        2013 0.3159 0.1759
        2012 0.3680 0.1505
        2011 0.2289 0.1054
        2010 0.1099 0.0000
        There is no guarantee that the fund will distribute any level annually. Capital gains may be short-term, long-term, or both.

        Distributions History

        (Values Listed In $) 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
        DQICX
        0.0000 0.0640 0.0000 0.0000 0.0000 0.0640 20.20
        Record Date Ex-Dividend Date Payable Date
        DQICX
        12/03/19 12/04/19 12/04/19
        (Values Listed In $) Distribution Status 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
        DQICX
        Final 0.0000 0.0640 0.0000 0.0000 0.0000 0.0640 20.20
        Record Date Ex-Dividend Date Payable Date
        DQICX
        12/03/19 12/04/19 12/04/19