BNY Mellon Income Stock Fund

Overview

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
$1,000,000
Class Inception Date
05/31/16
Class Status
Not available for purchase by individual investors.
Fund Assets
$13,083,979  As of  08/16/19
Class Assets
$375,819  As of  08/16/19
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
Morningstar Overall Rating
Fund Holdings
50  As of  07/31/19

Morningstar Rating™ as of July 31, 2019 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 (1094 funds rated); 3 Yrs. 4 Stars (1094 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

  • 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

Performance

Average Annual Returns

Month End

As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Income Stock Fund
BMIYX
 4.96 10.41 9.09 12.92 10.78 05/31/16
Dow Jones U.S. Select Dividend Index
 4.25 8.77 10.35 14.26 - -

Quarter End

As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Income Stock Fund
BMIYX
 6.50 10.79 8.11 13.50 10.74 05/31/16
Dow Jones U.S. Select Dividend Index
 5.80 9.21 9.22 15.23 - -

Cumulative Returns

Month End

As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Income Stock Fund
BMIYX
 4.96 34.61 54.52 236.91 3,350.36 05/31/16
Dow Jones U.S. Select Dividend Index
 4.25 28.69 63.62 279.31 - -

Quarter End

As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Income Stock Fund
BMIYX
 6.50 36.00 47.67 254.73 3,269.68 05/31/16
Dow Jones U.S. Select Dividend Index
 5.80 30.25 55.44 312.85 - -
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

    Fund 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
    BMIYX
    		 -8.35% 15.20% 16.90% 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.

    Fees & Expenses

    Monthly Expense Ratios (Annualized)

    As of  07/31/19 Fee Description Expense Ratio (%)
    Management Fee 0.65%
    Other Expenses 0.15%
    Total Expenses 0.80%

    Prospectus Fee Table Expense Ratios

    As of  12/31/18 Fee Description Expense Ratio (%)
    Management Fee 0.65%
    Administration Fee 0.12%
    Other Expenses 0.03%
    Total Expenses 0.80%
    The investment adviser has contractually agreed, until June 1, 2020, 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

    Portfolio Manager/Sub-Investment Advisor

    The fund's investment adviser is BNY Mellon Fund Advisers, a division of BNY Mellon Investment Adviser, Inc. 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 senior managing director and senior portfolio manager of U.S. dividend-oriented and large-cap strategies at Mellon Investments Corporation (Mellon), an affiliate of BNY Mellon Investment Adviser, Inc. Mr. Ferguson is a senior managing director and senior portfolio manager of the U.S. Large Capitalization Value Equity Team of Mellon. Mr. Intoppa is a senior research analyst on Mellon's Dynamic Large Cap Value strategy. Mellon investment professionals manage the fund in their capacity as employees of BNY Mellon Investment Adviser, Inc.

    Top Holdings

    As of  07/31/19   Holdings % Portfolio  Weight
    Bank Of America 4.95
    AT&T 4.63
    JPMorgan Chase & Co. 4.43
    US Bancorp 4.11
    Citigroup 3.55
    Cisco Systems 3.49
    Medtronic 3.19
    Marathon Petroleum 2.80
    Honeywell International 2.63
    Merck & Co. 2.45

    Asset Allocation

        Stats & Risks

        Daily Statistics

        As of  08/16/19 Name NAV Change 09/21/18  12 Month 
        High Nav        		 12/24/18  12 Month 
        Low Nav        		 YTD Return
        BMIYX
        		 $8.58
        $0.13
        1.54%
        		 $9.91 $7.23 13.21%

        Performance Metrics

        Overall Morningstar Rating

        MORNINGSTAR CATEGORY Large Value

        Morningstar Rating™ as of 07/31/19 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 (2747 funds rated); 3 Yrs. 4 Stars (1094 funds rated); 5 Yrs. Stars (956 funds rated); 10 Yrs. Stars (697 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
          243 out of 542
        • 3 Year
          144 out of 472
        • 5 Year
          out of
        • 10 Year
          out of

        LIPPER CLASSIFICATION Equity Income Funds

        Lipper Category returns and rankings are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns. Rankings do not reflect sales loads

        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  07/31/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        BMIYX
        		 12.55 -2.59 1.00 92.74 0.73
        Distributions

        Dividend Schedule

        Declared
        Monthly
        Distributed
        Monthly
        Paid
        Monthly
        Fiscal Year End
        Aug 31
        Year Dividend ($) Capital Gains ($)
        2019 0.1017 0.0000
        2018 0.2049 0.7568
        2017 0.1868 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
        BMIYX
        		 0.0000 0.0107 0.0000 0.0000 0.0000 0.0107 9.00
        Record Date Ex-Dividend Date Payable Date
        BMIYX
        		 07/30/19 07/31/19 07/31/19
        (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
        BMIYX
        		 Final 0.0162 0.0205 0.0475 0.0602 0.6491 0.7935 8.05
        Record Date Ex-Dividend Date Payable Date
        BMIYX
        		 12/10/18 12/11/18 12/11/18
        Literature