BNY Mellon Equity Income Fund
- TICKER DQIAX
- Fund Code 6144
- CUSIP 05588E801
- SHARE CLASS
-
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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.
Morningstar Rating™ as of February 28, 2023 for the Class A 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 (1149 funds rated); 3 Yrs. 3 Stars (1149 funds rated); 5 Yrs. 3 Stars (1100 funds rated); 10 Yrs. 3 Stars (818 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
-
Peter Goslin, CFA
Portfolio Manager, Newton Investment Management North America, LLC
8 yr(s). on fund
Total Returns
Month End
Average Annual As of 02/28/23 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 02/28/23 |
YTD 02/28/23 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Equity Income Fund
DQIAX |
-2.94 | 2.17 | -5.56 | 11.60 | 7.54 | 10.08 | 7.98 |
S&P 500® Index
|
-2.28 | 3.69 | -7.69 | 12.15 | 9.82 | 12.25 | - |
Quarter End
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 Equity Income Fund
DQIAX |
11.02 | -9.59 | -9.59 | 6.38 | 7.61 | 10.71 | 7.92 |
S&P 500® Index
|
7.56 | -18.11 | -18.11 | 7.66 | 9.42 | 12.56 | - |
The performance data quotes represents past performance, which is no guarantee of future results. Yield, share price and investment return fluctuate and an investor's shares may be worth more or less than original cost upon redemption. Current performance may be lower or higher than the performance quoted.
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. Investors cannot invest directly in any index.
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
Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.
Historical Performance
These figures do not reflect the maximum sales charge which, if included, would reduce return.
Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.
Yearly Total Return
Yearly
Investment return fluctuates and past performance is no guarantee of future results.
Prospectus Fee Table Expense Ratios
As of 09/30/22 Fee Description | Expense Ratio (%) |
---|---|
Management Fee | 0.70% |
Service Fee | 0.25% |
Other Expenses | 0.11% |
Total Expenses | 1.06% |
Expenses Reimbursed | 0.03% |
Net Expenses | 1.03% |
The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until September 30, 2023, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of the fund's share 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, 2023, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.
Sales Charge
There is a 1% CDSC for purchases of $1,000,000 and over if redeemed within one year of purchase.
Portfolio Manager/Sub-Investment Adviser
Asset Allocation
Daily Statistics
As of 03/17/23 Name | NAV | Change |
04/04/22 12 Month High Nav |
09/30/22 12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|
DQIAX
|
$22.64 |
-$0.27
-1.18%
|
$27.05 | $21.60 | -0.74% |
Performance Metrics
Overall Morningstar Rating
MORNINGSTAR CATEGORY Large Value
Morningstar Rating™ as of 02/28/23 for the Class A shares; other classes may have different performance
characteristics. Overall rating for the Large Value. Fund ratings are out of 5 Stars: Overall
3 Stars (1149 funds rated); 3 Yrs.
3 Stars (1149 funds rated); 5 Yrs.
3 Stars (1100 funds rated); 10 Yrs.
3 Stars (818 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 467 -
3 Year
214 out of 441 -
5 Year
238 out of 421 -
10 Year
78 out of 285
LIPPER CLASSIFICATION Equity Income Funds
Main Risks
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 02/28/23 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
---|---|---|---|---|---|
DQIAX
|
20.37 | 0.11 | 0.95 | 93.73 | 0.59 |
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 S&P 500® Index.
Dividend Schedule
Year | Dividend ($) | Capital Gains ($) |
---|---|---|
2023 | 0.0626 | 0.0000 |
2022 | 0.5104 | 0.9264 |
2021 | 0.4211 | 0.2200 |
2020 | 0.4695 | 0.0000 |
2019 | 0.4866 | 0.0000 |
2018 | 0.4505 | 0.4247 |
2017 | 0.4464 | 1.1157 |
2016 | 0.5042 | 0.1256 |
2015 | 0.4742 | 1.0716 |
2014 | 0.4571 | 0.4847 |
There is no guarantee that the fund will distribute any level annually. Capital gains may be short-term, long-term, or both.
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 |
---|---|---|---|---|---|---|---|---|---|
02/28/23 | 03/01/23 | 03/01/23 | - | 0.0354 | - | 0.0000 | 0.0000 | 0.0354 | 23.29 |
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 |
---|---|---|---|---|---|---|---|---|---|
01/31/23 | 02/01/23 | 02/01/23 | - | 0.0272 | - | 0.0000 | 0.0000 | 0.0272 | - |
12/08/22 | 12/09/22 | 12/09/22 | 0.0000 | 0.0575 | 0.0000 | 0.0000 | 0.9264 | 0.9839 | - |
11/30/22 | 12/01/22 | 12/01/22 | - | 0.0455 | - | 0.0000 | 0.0000 | 0.0455 | - |
10/31/22 | 11/01/22 | 11/01/22 | - | 0.0270 | - | 0.0000 | 0.0000 | 0.0270 | - |
09/30/22 | 10/03/22 | 10/03/22 | - | 0.0649 | - | 0.0000 | 0.0000 | 0.0649 | - |
08/31/22 | 09/01/22 | 09/01/22 | - | 0.0371 | - | 0.0000 | 0.0000 | 0.0371 | - |
07/29/22 | 08/01/22 | 08/01/22 | - | 0.0222 | - | 0.0000 | 0.0000 | 0.0222 | - |
06/30/22 | 07/01/22 | 07/01/22 | - | 0.0861 | - | 0.0000 | 0.0000 | 0.0861 | - |
05/31/22 | 06/01/22 | 06/01/22 | - | 0.0274 | - | 0.0000 | 0.0000 | 0.0274 | - |
04/29/22 | 05/02/22 | 05/02/22 | - | 0.0210 | - | 0.0000 | 0.0000 | 0.0210 | - |
03/31/22 | 04/01/22 | 04/01/22 | - | 0.0650 | - | 0.0000 | 0.0000 | 0.0650 | - |
02/28/22 | 03/01/22 | 03/01/22 | - | 0.0222 | - | 0.0000 | 0.0000 | 0.0222 | - |
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Literature
Factsheet, Prospectus and Reports
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