BNY Mellon Income Stock Fund
- TICKER BMIYX
- Fund Code 0019
- CUSIP 05569M319
- SHARE CLASS
-
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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.
Morningstar Rating™ as of February 28, 2023 for the Class Y class shares; other classes may have different performance characteristics. Overall rating for the Large Value category. Fund ratings are out of 5 Stars: Overall 4 Stars (1149 funds rated); 3 Yrs. 5 Stars (1149 funds rated); 5 Yrs. 4 Stars (1100 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
-
John Bailer, CFA
Deputy Head of Equity Income, Portfolio Manager, Newton Investment Management North America, LLC
11 yr(s). on fund
-
Brian C. Ferguson
Portfolio Manager, Newton Investment Management North America, LLC
7 yr(s). on fund
-
David Intoppa
Research Analyst, Newton Investment Management North America, LLC
7 yr(s). on fund
-
Keith Howell
Portfolio Manager,
1 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 Income Stock Fund
BMIYX |
-1.75 | 1.59 | 4.07 | 16.71 | 9.82 | 11.69 | 10.84 |
Dow Jones U.S. Select Dividend Index
|
-2.66 | 0.40 | 1.58 | 14.13 | 8.94 | 11.25 | - |
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 Income Stock Fund
BMIYX |
14.97 | 4.41 | 4.41 | 10.21 | 9.50 | 12.23 | 10.84 |
Dow Jones U.S. Select Dividend Index
|
13.77 | 2.31 | 2.31 | 8.89 | 8.38 | 11.92 | - |
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 Y 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 Y shares, and the performance of Class Y, 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
Yearly
Prospectus Fee Table Expense Ratios
As of 12/30/22 Fee Description | Expense Ratio (%) |
---|---|
Management Fee | 0.65% |
Administration Fee | 0.13% |
Other Expenses | 0.05% |
Total Expenses | 0.83% |
The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until December 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 Class A, C, I or Y shares (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest, brokerage commissions, commitment fees on borrowing and extraordinary expenses) exceed .90%. On or after December 30, 2023, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.
Portfolio Manager/Sub-Investment Adviser
Asset Allocation
Daily Statistics
As of 03/27/23 Name | NAV | Change |
04/20/22 12 Month High Nav |
03/17/23 12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|
BMIYX
|
$7.22 |
$0.08
1.12%
|
$9.67 | $7.04 | -4.43% |
Performance Metrics
Overall Morningstar Rating
MORNINGSTAR CATEGORY Large Value
Morningstar Rating™ as of 02/28/23 for the Class Y shares; other classes may have different performance
characteristics. Overall rating for the Large Value. Fund ratings are out of 5 Stars: Overall
4 Stars (1149 funds rated); 3 Yrs.
5 Stars (1149 funds rated); 5 Yrs.
4 Stars (1100 funds rated); 10 Yrs.
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
7 out of 467 -
3 Year
5 out of 441 -
5 Year
27 out of 421 -
10 Year
out of
LIPPER CLASSIFICATION Equity Income Funds
Main Risks
Equities are subject to market, market sector, market liquidity, issuer, and investment style risks to varying degrees, all of which are more fully described in the fund's prospectus.
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.
The fund's focus on dividend-paying stocks could cause the fund to underperform similar funds that invest without consideration of a company's track record of paying dividends or ability to pay dividends in the future. Dividend-paying stocks may not participate in a broad market advance to the same degree as other stocks, and a sharp rise in interest rates or economic downturn could cause a company to unexpectedly reduce or eliminate its dividend. Please refer to the prospectus for a more complete discussion of the fund’s 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 |
---|---|---|---|---|---|
BMIYX
|
22.49 | 5.11 | 0.95 | 77.21 | 0.76 |
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 | 0.0192 | 0.0000 |
2022 | 0.1837 | 1.8285 |
2021 | 0.1833 | 1.7590 |
2020 | 0.1902 | 0.0000 |
2019 | 0.1915 | 0.7069 |
2018 | 0.2049 | 0.7568 |
2017 | 0.1868 | 0.6891 |
2016 | 0.1326 | 0.2809 |
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 |
---|---|---|---|---|---|---|---|---|---|
02/27/23 | 02/28/23 | 02/28/23 | - | 0.0127 | - | 0.0000 | 0.0000 | 0.0127 | 7.59 |
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 |
---|---|---|---|---|---|---|---|---|---|
01/30/23 | 01/31/23 | 01/31/23 | - | 0.0065 | - | 0.0000 | 0.0000 | 0.0065 | - |
12/06/22 | 12/07/22 | 12/07/22 | 0.0185 | 0.0029 | 0.2759 | 0.0433 | 1.5093 | 1.8499 | - |
11/29/22 | 11/30/22 | 11/30/22 | - | 0.0220 | - | 0.0000 | 0.0000 | 0.0220 | - |
10/28/22 | 10/31/22 | 10/31/22 | - | 0.0062 | - | 0.0000 | 0.0000 | 0.0062 | - |
09/29/22 | 09/30/22 | 09/30/22 | - | 0.0175 | - | 0.0000 | 0.0000 | 0.0175 | - |
08/30/22 | 08/31/22 | 08/31/22 | - | 0.0183 | - | 0.0000 | 0.0000 | 0.0183 | - |
07/28/22 | 07/29/22 | 07/29/22 | - | 0.0084 | - | 0.0000 | 0.0000 | 0.0084 | - |
06/29/22 | 06/30/22 | 06/30/22 | - | 0.0179 | - | 0.0000 | 0.0000 | 0.0179 | - |
05/27/22 | 05/31/22 | 05/31/22 | - | 0.0236 | - | 0.0000 | 0.0000 | 0.0236 | - |
04/28/22 | 04/29/22 | 04/29/22 | - | 0.0066 | - | 0.0000 | 0.0000 | 0.0066 | - |
03/30/22 | 03/31/22 | 03/31/22 | - | 0.0175 | - | 0.0000 | 0.0000 | 0.0175 | - |
02/25/22 | 02/28/22 | 02/28/22 | - | 0.0169 | - | 0.0000 | 0.0000 | 0.0169 | - |
See all rows... |
Literature
Factsheet, Prospectus and Reports
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