Historical Prices

Start Date End Date

BNY Mellon Inflation Adjusted Securities Fund

Why invest in this Fund?

The fund seeks returns that exceed the rate of inflation.

Accordingly, the fund normally invests at least 80% of its assets in inflation-indexed securities. These are fixed-income securities designed to protect investors from a loss of value due to inflation by periodically adjusting their principal and/or coupon according to the rate of inflation. The fund primarily invests in high-quality U.S. dollar-denominated inflation-indexed securities. However, the fund may invest in foreign currency-denominated inflation-protected securities and other fixed-income securities not adjusted for inflation. The fund seeks to keep the average effective duration of its portfolio at two to ten years.

Min. class investment
$10,000
Class Inception Date
10/31/02
Fund Assets
$68,771,644  As of  06/02/20
Class Assets
$8,434,780  As of  06/02/20
Portfolio Turnover Rate
91.84%  As of fiscal year end  07/31/19
Morningstar Category
Inflation-Protected Bond
Fund Holdings
18  As of  04/30/20
Average Effective Maturity
5.19  yr(s).  As of  04/30/20
Average Effective Duration
4.98  yr(s).  As of  04/30/20

Morningstar Rating™ as of April 30, 2020 for the Investor Shares class shares; other classes may have different performance characteristics. Overall rating for the Inflation-Protected Bond category. Fund ratings are out of 5 Stars: Overall 2 Stars (196 funds rated); 3 Yrs. 2 Stars (196 funds rated); 5 Yrs. 2 Stars (167 funds rated); 10 Yrs. 2 Stars (114 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

  • Bayston, Robert M.

    Robert M. Bayston

    Portfolio Manager, Mellon Investments Corporation

    15 yr(s). on fund

  • Pearson, Nate

    Nate Pearson

    Portfolio Manager, Mellon Investments Corporation

    8 yr(s). on fund


As of  05/31/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Inflation Adjusted Securities Fund
DIAVX
4.89 2.59 1.95 2.40 3.70 10/31/02
As of  03/31/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Inflation Adjusted Securities Fund
DIAVX
3.78 1.83 1.49 2.38 3.59 10/31/02
As of  05/31/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Inflation Adjusted Securities Fund
DIAVX
4.89 7.99 10.12 26.71 89.48 10/31/02
As of  03/31/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Inflation Adjusted Securities Fund
DIAVX
3.78 5.60 7.67 26.45 84.81 10/31/02

DUE TO HIGH MARKET VOLATILITY IN MARCH 2020, CURRENT PERFORMANCE MAY BE LOWER THAN THE FIGURES SHOWN.


Growth of $10,000 Investment

Historical Performance

    Fund 05/20 04/20 03/20 02/20 01/20 12/19 11/19 10/19 09/19 08/19 07/19 06/19
    DIAVX
    0.03% 0.04% 0.15% 0.21% 0.16% 0.25% 0.06% 0.18% 0.80% 0.57% 5.29% 6.53%

    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.

    Fund 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
    DIAVX
    5.91% -1.04% 1.36% 3.37% -1.28% 1.58% -9.11% 6.16% 12.84% 5.42%

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


    Prospectus Fee Table Expense Ratios

    As of  11/29/19 Fee Description Expense Ratio (%)
    Management Fee 0.30%
    Service Fee 0.25%
    Other Expenses 0.25%
    Total Expenses 0.80%
    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.

    Portfolio Manager/Sub-Investment Advisor

    The fund's investment adviser is BNY Mellon Investment Adviser, Inc. Investment decisions for the fund are made by a team of portfolio managers from Mellon Investments Corporation (Mellon), an affiliate of BNY Mellon Investment Adviser, Inc. The team members are Robert Bayston and Nate Pearson, CFA, each of whom also is an employee of BNY Mellon Investment Adviser, Inc. Mr. Bayston has been a primary portfolio manager of the fund since January 2005 and is responsible for treasury inflation protected securities and derivative strategies with Mellon. Mr. Pearson has been a primary portfolio manager of the fund since July 2012 and is an interest rate and derivatives strategist responsible for researching U.S. government securities at Mellon. Mellon investment professionals manage the fund in their capacity as employees of BNY Mellon Investment Adviser, Inc.

    Asset Allocation


        Daily Statistics

        As of  06/02/20 Name 30-Day Sec Yield 
        (WITHOUT WAIVER)
        30-Day Sec Yield 
        (WITH WAIVER)
        NAV Change 06/01/20  12 Month 
        High Nav
        03/19/20  12 Month 
        Low Nav
        YTD Return
        DIAVX
        -4.23% -4.23% $13.02
        -$0.01
        -0.08%
        $13.03 $12.17 2.89%

        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 declines.
        Interest payments on inflation-linked bonds (ILB) will vary as the principal and/or interest is periodically adjusted based on the rate of inflation. If inflation falls, the interest payable on ILBs will be reduced. Treasury Inflation-Protected Securities (TIPS) are ILBs issued by the U.S. Government. While the U.S. Government guarantees the timely payment of principal and interest on its securities, portfolios that invest in such securities are not guaranteed and will fluctuate in value.
        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  04/30/20, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DIAVX
        2.53 -1.58 0.64 69.92 0.23

        Dividend Schedule

        Declared
        Daily
        Distributed
        Monthly
        Paid
        Monthly
        Fiscal Year End
        Jul 31
        Annualized Distribution Rate
        0.03%
        As of  05/2020
        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 ($)
        05/2020 0.000275046
        04/2020 0.000435445
        03/2020 0.001645869
        02/2020 0.002115008
        01/2020 0.001737347
        12/2019 0.002765172
        11/2019 0.000554021
        10/2019 0.001964196
        09/2019 0.008543571
        08/2019 0.005918973
        07/2019 0.060043030
        06/2019 0.063122871
        All figures as of month-end. Dividend history does not reflect any capital gains that may have been paid.

        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
        DIAVX
        0.0000 0.0000 0.0366 0.0000 0.0000 0.0366 12.08
        Record Date Ex-Dividend Date Payable Date
        DIAVX
        12/17/18 12/18/18 12/18/18