BNY Mellon Income Stock Fund

Why invest in this Fund?

The fund seeks total return (consisting of capital appreciation and income). To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in stocks. The fund seeks to focus on dividend-paying stocks and other investments and investment techniques that provide income. The investment adviser chooses stocks through a disciplined investment process that combines computer modeling techniques, fundamental analysis and risk management.

Min. class investment
$1,000
Class Inception Date
05/31/16
Class Status
Not available for purchase by individual investors.
Fund Assets
$13,334,447  As of  05/24/19
Class Assets
$9,138,429  As of  05/24/19
Portfolio Turnover Rate
67.57%  As of fiscal year end  08/31/18
Morningstar Category
Large Value
Benchmark
Dow Jones U.S. Select Dividend Index
Fund Holdings
49  As of  04/30/19

Portfolio Managers

  • Ferguson, Brian C.

    Brian C. Ferguson

    Portfolio Manager, Mellon Investments Corporation

    4 yr(s). on fund

  • Bailer, John

    John Bailer

    Senior Portfolio Manager, Mellon Investments Corporation

    27 yr(s). in industry

    8 yr(s). on fund

  • Intoppa, David S.

    David S. Intoppa

    Senior Research Analyst, Mellon Investments Corporation

    4 yr(s). on fund


As of  04/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Income Stock Fund
BMIIX
8.49 11.36 9.19 14.38 10.80 05/31/16
Dow Jones U.S. Select Dividend Index
9.04 11.20 10.17 15.59 - -
As of  03/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Income Stock Fund
BMIIX
3.99 10.33 8.14 14.82 10.66 05/31/16
Dow Jones U.S. Select Dividend Index
7.20 10.30 9.98 16.46 - -
As of  04/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Income Stock Fund
BMIIX
8.49 38.10 55.24 283.28 3,278.09 05/31/16
Dow Jones U.S. Select Dividend Index
9.04 37.51 62.28 325.78 - -
As of  03/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Income Stock Fund
BMIIX
3.99 34.31 47.90 298.15 3,106.49 05/31/16
Dow Jones U.S. Select Dividend Index
7.20 34.19 60.90 358.90 - -
The Dow Jones U.S. Select DividendTM Index is defined as all dividend-paying companies in the Dow Jones U.S. Index, excluding REITs, that have a non-negative historical five-year dividend-per-share growth rate, a five-year average dividend coverage ratio of greater than or equal to 167%, paid dividends in each of the previous five years, non-negative trailing 12-month earnings-per-share (EPS), a float-adjusted market capitalization of at least US$1 billion, and three-month average daily trading volume of 200,000 shares. Investors cannot invest directly in any index.

The total return performance figures presented for Class I shares of the fund represent the performance of the fund's Class M for periods prior to May 31, 2016, the inception date for Class I shares, and the performance of Class I, respectively, from that inception date. Performance reflects the applicable class' distribution/servicing fees since the inception date. Had these fees and expenses been reflected for periods prior, performance would have been different. Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

Growth of $10,000 Investment

Historical Performance

    Not available for purchase by individual investors.

    Yearly Total Return

    Fund 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
    BMIIX
    -8.35% 15.06% 17.03% 0.66% 10.64% 34.24% 14.86% 3.61% 14.27% 23.07%

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

    -

    Monthly Expense Ratios (Annualized)

    As of  04/30/19 Fee Description Expense Ratio (%)
    Management Fee 0.65%
    Other Expenses 0.18%
    Total Expenses 0.83%

    Prospectus Fee Table Expense Ratios

    As of  12/31/18 Fee Description Expense Ratio (%)
    Management Fee 0.65%
    Administration Fee 0.12%
    Other Expenses 0.06%
    Total Expenses 0.83%
    The investment adviser has contractually agreed, until June 1, 2019 to waive receipt of its fees and/or assume the expenses of the fund so that the expenses of none of Class A, C, I or Y shares (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed .90%.

    Portfolio Manager/Sub-Investment Advisor

    The fund's investment adviser is BNY Mellon Fund Advisers, a division of The Dreyfus Corporation. John C. Bailer, Brian C. Ferguson and David S. Intoppa are the fund's primary portfolio managers. Mr. Bailer has held that position since December 2011, and Messrs. Ferguson and Intoppa have held that position since December 2015. Mr. Bailer is a chartered financial analyst, senior managing director and senior portfolio manager of the U.S. dividend-oriented High Dividend Income and Equity Income strategies of Mellon Investments Corporation (Mellon), an affiliate of The Dreyfus Corporation. Mr. Ferguson is a senior managing director and senior portfolio manager of U.S. Large Capitalization Value Equity strategies of Mellon. Mr. Intoppa is a director and senior research analyst for the Dynamic Large Cap Value strategy at Mellon. Messrs. Bailer, Ferguson and Intoppa also are employees of The Dreyfus Corporation and manage the fund in their capacity as employees of The Dreyfus Corporation. Mellon investment professionals manage Dreyfus-managed funds pursuant to a dual-employee arrangement, under Dreyfus' supervision, and apply Mellon's proprietary investment process in managing the funds.

    Top Holdings

    As of  04/30/19   Holdings % Portfolio  Weight
    JPMorgan Chase & Co. 5.06
    Bank Of America 4.92
    US Bancorp 4.64
    Cisco Systems 4.31
    AT&T 3.84
    Citigroup 3.58
    Merck & Co. 3.34
    Morgan Stanley 3.22
    Marathon Petroleum 2.95
    Honeywell International 2.65

    Asset Allocation


        Daily Statistics

        As of  05/24/19 Name NAV Change 09/21/18  12 Month 
        High Nav
        12/24/18  12 Month 
        Low Nav
        YTD Return
        BMIIX
        $8.51
        $0.05
        0.59%
        $9.92 $7.23 11.69%

        Main Risks

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

        Investing in foreign denominated and/or domiciled securities involves special risks, including changes in currency exchange rates, political, economic, and social instability, limited company information, differing auditing and legal standards, and less market liquidity. These risks generally are greater with emerging market countries.

        Risk Metrics

        As of  04/30/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        BMIIX
        11.15 -2.90 0.98 91.75 0.90

        Dividend Schedule

        Declared
        Monthly
        Distributed
        Monthly
        Paid
        Monthly
        Fiscal Year End
        Aug 31
        Year Dividend ($) Capital Gains ($)
        2019 0.0557 0.0000
        2018 0.2049 0.7568
        2017 0.1864 0.6891
        2016 0.1326 0.2809
        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
        BMIIX
        0.0000 0.0106 0.0000 0.0000 0.0000 0.0106 8.86
        Record Date Ex-Dividend Date Payable Date
        BMIIX
        04/29/19 04/30/19 04/30/19
        (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
        BMIIX
        Final 0.0162 0.0205 0.0475 0.0602 0.6491 0.7935 8.05
        Record Date Ex-Dividend Date Payable Date
        BMIIX
        12/10/18 12/11/18 12/11/18