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    BNY Mellon Global Dynamic Bond Income Fund

    Why invest in this Fund?

    The fund seeks total return (consisting of income and capital appreciation).

    Accordingly, the fund normally invests at least 80% of its net assets, plus any borrowings, in bonds and other instruments that provide investment exposure to global bond and currency markets in seeking to produce absolute or real returns across economic cycles.

    The fund's portfolio managers employ a dynamic approach in allocating the fund's assets globally, principally among government bonds, emerging market sovereign debt, investment grade and high yield corporate instruments, and currencies.
    Min. class investment
    $1,000
    Class Inception Date
    03/25/11
    Fund Assets
    $118,989,292  As of  02/28/24
    Class Assets
    $4,159,785  As of  02/28/24
    Portfolio Turnover Rate
    123.10% As of fiscal year end  10/31/23
    Morningstar Category
    Nontraditional Bond
    Benchmark
    FTSE One-Month U.S. Treasury Bill Index
    Fund Holdings
    151 As of 01/31/24
    AVERAGE EFFECTIVE MATURITY
    6.63 yr(s).  As of  01/31/24
    AVERAGE EFFECTIVE DURATION
    4.24 yr(s).   As of  01/31/24

    Yields and Expense Ratio

    30-DAY SEC YIELD
    as of 02/28/24
    ANNUALIZED
    DISTRIBUTION RATE
    as of 01/31/24
    PROSPECTUS FEE TABLE EXPENSE RATIO (%)
    as of 03/01/23
    Subsidized Unsubsidized Net Gross Contractual
    Fee Waiver End Date
    3.60 3.60 0.00 1.07 1.22 03/01/24

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

    The SEC 30-day Yield is calculated by dividing the net investment income per share earned during the period (calculated in accordance with regulatory guidelines) by the maximum offering price per share on the last day of the period.

    Unsubsidized yield displays what the fund's 30-Day SEC Yield would have been had no fee waiver or expense reimbursement been in place during the period.

     

     

    Portfolio Turnover Rate - It is a measure of how quickly securities in a fund are either bought or sold by the fund's managers, over a given period of time.

    Average Effective Maturity (AEM) - is a measure of maturity that takes into account the possibility that a bond might be called back by the issuer. For a portfolio of bonds, average effective maturity is the weighted average of the maturities of the underlying bonds.

    Average Effective Duration - It is used to measure the market price sensitivity of the fund’s portfolio holdings to changes in interest-rates. Duration is not a complete measure of bond risk and may not be successful.

    Portfolio Managers

    • Ella Hoxha

      Ella Hoxha

      Portfolio Manager, Newton Investment Management

      Since December 2023

    • Howard Cunningham

      Howard Cunningham

      Portfolio Manager, Newton

      12 yr(s). on fund

    • Parmeshwar  Chadha

      Parmeshwar Chadha

      Portfolio Manager,

      7 yr(s). on fund


    Total Returns

    Click here to see SALES CHARGE  Max Sales Charge:  4.50%  Front End Load
    Average Annual
    As of 01/31/24
    Name 3 MO
    01/31/24
    YTD
    01/31/24
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Global Dynamic Bond Income Fund
    DGDAX
    3.77 0.00 1.45 -2.08 1.08 1.47 2.06
    FTSE One-Month U.S. Treasury Bill Index
    1.38 0.46 5.25 2.35 1.90 1.25 -
    Average Annual
    As of 12/31/23
    Name 3 MO
    12/31/23
    YTD
    12/31/23
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Global Dynamic Bond Income Fund
    DGDAX
    2.95 4.19 4.19 -2.26 1.35 1.49 2.07
    FTSE One-Month U.S. Treasury Bill Index
    1.38 5.13 5.13 2.19 1.84 1.21 -

    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. Click above for month-end returns.

    The FTSE One-Month U.S.Treasury Bill Index consists of the last one-month Treasury bill month-end rates. The FTSE One-Month U.S. Treasury Bill Index measures return equivalents of yield averages. The instruments are not marked to market. 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.

    When applicable, returns reflect a contractual expense reduction, without which returns would have been lower. Please see contractual expense reduction information, if any, in the Prospectus Fee Table below.

    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.

    Past performance is no guarantee of future results.

    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.

      Past performance is no guarantee of future results.

       

      Yearly Total Return

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


      Prospectus Fee Table Expense Ratios

      As of  03/01/23 Fee Description Expense Ratio (%)
      Management Fee 0.40%
      Service Fee 0.25%
      Other Expenses 0.55%
      Acquired Fund Fees & Expenses 0.02%
      Total Expenses 1.22%
      Expenses Reimbursed 0.15%
      Net Expenses 1.07%
      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 March 1, 2024, 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 classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest expense, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed .80%. On or after March 1, 2024, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time. Because "acquired fund fees and expenses" are incurred indirectly by the fund, as a result of its investments in underlying funds, such fees and expenses are not included in the expense limitation.

      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

      The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). BNYM Investment Adviser has engaged its affiliate, Newton Investment Management Limited (NIM), to serve as the fund's sub-adviser. NIM has entered into a sub-sub-investment advisory agreement with its affiliate, Newton Investment Management North America, LLC (NIMNA), to enable NIMNA to provide certain advisory services to NIM for the benefit of the fund. Paul Brain, Howard Cunningham and Parmeshwar Chadha are the fund's primary portfolio managers. Messrs. Brain and Cunningham have held that position since the fund's inception in 2011, and Mr. Chadha has held that position since December 2016. Mr. Brain is the lead portfolio manager for the fund and is the investment leader of the fixed income team and chairman of the bond/FX strategy group at NIM. Mr. Cunningham is a credit analyst and investment manager and serves as chairman of the credit group at NIM. Mr. Chadha is a fixed income fund manager and the lead manager on all of NIM's high yield positions, as well as a member of NIM's bond/FX and credit strategy group.

      Top Holdings

      As of 01/31/24

      Asset Allocation


          Daily Statistics

          As of 02/28/24 Name NAV Change 02/28/24  12 Month 
          High Nav
          10/06/23  12 Month 
          Low Nav
          YTD Return
          DGDAX
          $10.36
          $0.00
          0.00%
          $10.36 $10.01 0.10%

          Past performance is no guarantee of future results.

          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.
          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.
          High yield bonds involve increased credit and liquidity risk than higher rated bonds and are considered speculative in terms of the issuer's ability to pay interest and repay principal on a timely basis.
          The use of derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in the underlying assets. Derivatives can be highlyvolatile, illiquid, and difficult to value and there is the risk that changes in the value of a derivative held by the portfolio will not correlate with the underlying instruments or the portfolio's other investments.

          Risk Metrics

          As of  01/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DGDAX
          5.09 -1.30 0.59 71.89 -0.93

          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.


          Alpha - Alpha is a measure of a security's or portfolio's excess return.

          Beta - Beta is a measure of a security’s or portfolio’s volatility, or systematic risk.

          R-Squared - R-squared is a statistical measure that represents the percentage of a fund’s or security’s movements that are explained by movements in a benchmark index.

          Sharpe Ratio - Sharpe ratio is a risk-adjusted measure that measures reward per unit of risk. The higher the Sharpe ratio, the better.

          Standard Deviation - Standard deviation is a statistical measure of the degree to which an individual portfolio return tends to vary from the mean, based on the entire population. The greater the degree of dispersion, the greater the degree of risk. In mutual funds, the standard deviation tells us how much the return on the fund is deviating from the expected normal returns.


          Dividend Schedule

          Declared
          Qtry (May, Aug, Nov, Dec)
          Distributed
          Qtry (May, Aug, Nov, Dec)
          Paid
          Qtry (May, Aug, Nov, Dec)
          Fiscal Year End
          Oct 31
          Month/Year Dividend ($)
          12/2023 0.0579
          12/2022 0.7160
          10/2022 0.1190
          07/2022 0.0530

          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
          12/18/23 12/19/23 12/19/23 0.0579 0.0000 0.0000 0.0000 0.0000 0.0579
          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
          12/19/22 12/20/22 12/20/22 0.7160 0.0000 0.0000 0.0000 0.0000 0.7160
          10/31/22 11/01/22 11/01/22 0.1190 0.0000 - 0.0000 0.0000 0.1190
          07/29/22 08/01/22 08/01/22 0.0530 0.0000 - 0.0000 0.0000 0.0530
          04/29/22 05/02/22 05/02/22 0.0260 0.0000 - 0.0000 0.0000 0.0260
          12/20/21 12/21/21 12/21/21 0.1083 0.0000 0.0000 0.0000 0.1562 0.2645
          10/29/21 11/01/21 11/01/21 0.0430 0.0000 - 0.0000 0.0000 0.0430
          12/18/20 12/21/20 12/21/20 0.1731 0.0178 0.0000 0.0000 0.0000 0.1909
          10/30/20 11/02/20 11/02/20 0.0754 0.0056 0.0000 0.0000 0.0000 0.0810
          07/31/20 08/03/20 08/03/20 0.0699 0.0091 0.0000 0.0000 0.0000 0.0790
          04/30/20 05/01/20 05/01/20 0.0754 0.0036 0.0000 0.0000 0.0000 0.0790
          12/27/19 12/30/19 12/30/19 0.2141 0.0000 0.0000 0.0000 0.0000 0.2141
          10/31/19 11/01/19 11/01/19 0.0930 0.0000 0.0000 0.0000 0.0000 0.0930
          07/31/19 08/01/19 08/01/19 0.1040 0.0000 0.0000 0.0000 0.0000 0.1040
          04/30/19 05/01/19 05/01/19 0.0681 0.0039 0.0000 0.0000 0.0000 0.0720
          12/26/18 12/27/18 12/27/18 0.2950 0.0024 0.0000 0.0000 0.0000 0.2974
          10/31/18 11/01/18 11/01/18 0.0797 0.0003 0.0000 0.0000 0.0000 0.0800
          07/31/18 08/01/18 08/01/18 0.0820 0.0000 0.0000 0.0000 0.0000 0.0820
          04/30/18 05/01/18 05/01/18 0.0400 0.0000 0.0000 0.0000 0.0000 0.0400
          12/27/17 12/28/17 12/28/17 0.0668 0.0112 0.0000 0.0000 0.0000 0.0780
          12/28/16 12/29/16 12/29/16 0.3028 0.0000 0.0043 0.0000 0.0000 0.3071
          10/31/16 11/01/16 11/01/16 0.0517 0.0023 0.0000 0.0000 0.0000 0.0540
          07/29/16 08/01/16 08/01/16 0.0441 0.0019 0.0000 0.0000 0.0000 0.0460
          12/29/15 12/30/15 12/30/15 0.1020 0.0000 0.0000 0.0000 0.0184 0.1204
          10/30/15 11/02/15 11/02/15 0.0460 0.0000 0.0000 0.0000 0.0000 0.0460
          07/31/15 08/03/15 08/03/15 0.0457 0.0003 0.0000 0.0000 0.0000 0.0460
          04/30/15 05/01/15 05/01/15 0.0884 0.0016 0.0000 0.0000 0.0000 0.0900
          12/29/14 12/30/14 12/30/14 0.2720 0.0000 0.0194 0.0000 0.0436 0.3350
          10/31/14 11/03/14 11/03/14 0.0830 0.0000 0.0000 0.0000 0.0000 0.0830
          04/30/14 05/01/14 05/01/14 0.0338 0.0042 0.0000 0.0000 0.0000 0.0380
          12/26/13 12/27/13 12/27/13 0.0670 0.0000 0.0000 0.0000 0.0000 0.0670
          10/31/13 11/01/13 11/01/13 0.0440 0.0000 0.0000 0.0000 0.0000 0.0440
          07/31/13 08/01/13 08/01/13 0.1026 0.0044 0.0000 0.0000 0.0000 0.1070
          04/30/13 05/01/13 05/01/13 0.1259 0.0141 0.0000 0.0000 0.0000 0.1400
          12/26/12 12/27/12 12/27/12 0.1426 0.0014 0.2006 0.0020 0.0066 0.3532
          10/31/12 11/01/12 11/01/12 0.1073 0.0067 0.0000 0.0000 0.0000 0.1140
          07/31/12 08/01/12 08/01/12 0.1221 0.0059 0.0000 0.0000 0.0000 0.1280
          04/30/12 05/01/12 05/01/12 0.0759 0.0111 0.0000 0.0000 0.0000 0.0870
          12/27/11 12/28/11 12/28/11 0.2846 0.0084 0.0110 0.0003 0.0022 0.3065
          10/31/11 11/01/11 11/01/11 0.0755 0.0105 0.0000 0.0000 0.0000 0.0860
          07/29/11 08/01/11 08/01/11 0.0153 0.0157 0.0000 0.0000 0.0000 0.0310
          See all rows...

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