BNY Mellon Global Fixed Income Fund

TICKER SDGIX
Fund Code 6934
CUSIP 05586X801
SHARE CLASS
- Class A
- Class C
- Class I
- Class Y

Why invest in this Fund?

The fund seeks to maximize total return while realizing a market level of income consistent with preserving principal and liquidity. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in U.S. dollar and non-U.S. dollar-denominated fixed-income securities of governments and companies located in various countries, including emerging markets. The fund generally invests in eight or more countries, but always invests in at least three countries, one of which may be the United States. The fund may invest up to 25% of its net assets in emerging markets generally and up to 7% of its assets in any single emerging market country.

Min. class investment

$1,000

Class Inception Date

01/01/94

Class Status

Not available for purchase by individual investors.

Fund Assets

$3,203,705,175 As of 10/21/19

Class Assets

$2,742,711,916 As of 10/21/19

Portfolio Turnover Rate

99.05% As of fiscal year end 12/31/18

Morningstar Category

World Bond-USD Hedged

Benchmark

Bloomberg Barclays Global Aggregate Index (Hedged)

Morningstar Overall Rating

Fund Holdings

370 As of 09/30/19

Average Effective Maturity

8.03 yr(s). As of 09/30/19

Average Effective Duration

7.06 yr(s). As of 09/30/19

Morningstar Rating™ as of September 30, 2019 for the Class I class shares; other classes may have different performance characteristics. Overall rating for the World Bond-USD Hedged category. Fund ratings are out of 5 Stars: Overall 3 Stars (69 funds rated); 3 Yrs. 3 Stars (69 funds rated); 5 Yrs. 3 Stars (58 funds rated); 10 Yrs. 3 Stars (36 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.

Inverted Yield Curve? Not a Problem
CNBC, 5/29/19

Portfolio Managers

David C. Leduc

Portfolio Manager, Mellon Investments Corporation

13 yr(s). on fund
Brendan Murphy

Portfolio Manager, Mellon Investments Corporation

8 yr(s). on fund
Scott Zaleski

Portfolio Manager, Mellon Investments Corporation

1 yr(s). on fund

Performance

Average Annual Returns

Month End

As of 09/30/19 Name	1 YR	3 YRS	5 YRS	10 YRS	Since Inception	Inception Date
BNY Mellon Global Fixed Income Fund SDGIX	8.88 8.88	3.37 3.37	3.24 3.24	4.29 4.29	5.79 5.79	01/01/94
Bloomberg Barclays Global Aggregate Index (Hedged)	10.65	3.65	4.12	4.17	-	-

Quarter End

As of 09/30/19 Name	1 YR	3 YRS	5 YRS	10 YRS	Since Inception	Inception Date
BNY Mellon Global Fixed Income Fund SDGIX	8.88 8.88	3.37 3.37	3.24 3.24	4.29 4.29	5.79 5.79	01/01/94
Bloomberg Barclays Global Aggregate Index (Hedged)	10.65	3.65	4.12	4.17	-	-

Cumulative Returns

Month End

As of 09/30/19 Name	1 YR	3 YRS	5 YRS	10 YRS	Since Inception	Inception Date
BNY Mellon Global Fixed Income Fund SDGIX	8.88 8.88	10.44 10.44	17.30 17.30	52.27 52.27	325.58 325.58	01/01/94
Bloomberg Barclays Global Aggregate Index (Hedged)	10.65	11.36	22.37	50.39	-	-

Quarter End

As of 09/30/19 Name	1 YR	3 YRS	5 YRS	10 YRS	Since Inception	Inception Date
BNY Mellon Global Fixed Income Fund SDGIX	8.88 8.88	10.44 10.44	17.30 17.30	52.27 52.27	325.58 325.58	01/01/94
Bloomberg Barclays Global Aggregate Index (Hedged)	10.65	11.36	22.37	50.39	-	-

The Bloomberg Barclays Global Aggregate Index (Hedged) is a flagship measure of global investment-grade debt from 24 local currency markets. This multi-currency benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging market issuers. Currency exposure is hedged to the U.S. dollar. 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

Not available for purchase by individual investors.

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

Fund	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
SDGIX	-0.79%	4.35%	2.41%	-0.28%	7.85%	0.11%	9.55%	3.72%	6.02%	15.48%

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

Fees & Expenses

Prospectus Fee Table Expense Ratios

As of 05/01/19 Fee Description	Expense Ratio (%)
Management Fee	0.40%
Other Expenses	0.12%
Total Expenses	0.52%

Portfolio

Portfolio Manager/Sub-Investment Advisor

The fund's investment adviser is BNY Mellon Investment Adviser, Inc. BNY Mellon Investment Adviser, Inc. has engaged its affiliate, Mellon Investments Corporation (Mellon), to serve as the fund's subadviser. David Leduc, CFA, Brendan Murphy, CFA and Scott Zaleski are the fund's primary portfolio managers, positions they have held since August 2006, May 2011 and February 2018, respectively. Mr. Leduc is Active Fixed Income Chief Investment Officer at Mellon. Mr. Murphy is Head of Global and Multi-Sector Fixed Income at Mellon. Mr. Zaleski is a senior portfolio manager at Mellon.

Top Holdings

As of 09/30/19 Holdings	% Portfolio Weight
Korea Treasury Bond	2.78
China Government Bond	2.66
Japan Government Cpi Linked	2.61
Japan (20 Year Issue)	2.27
UK TSY, 3 1/4%, 2044	2.01
Japan Government Cpi Linked	1.99
GNMA II, 3.0%, 10/01/2049	1.98
Japan Government Cpi Linked	1.83
Japan Government Cpi Linked	1.80
Russian Government Bond	1.61

Asset Allocation

Stats & Risks

Daily Statistics

As of 10/21/19 Name	30-Day Sec Yield (Unsubsidized)	30-Day Sec Yield (Subsidized)	NAV	Change	09/03/19 12 Month High Nav	12/31/18 12 Month Low Nav	YTD Return
SDGIX	1.43%	1.43%	$22.01	-$0.04 -0.18%	$22.30	$20.39	7.95%

Performance Metrics

Overall Morningstar Rating

MORNINGSTAR CATEGORY World Bond-USD Hedged

Morningstar Rating™ as of 09/30/19 for the Class I shares; other classes may have different performance characteristics. Overall rating for the World Bond-USD Hedged. Fund ratings are out of 5 Stars: Overall 3 Stars (163 funds rated); 3 Yrs. 3 Stars (69 funds rated); 5 Yrs. 3 Stars (58 funds rated); 10 Yrs. 3 Stars (36 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
51 out of 205
3 Year
40 out of 171
5 Year
31 out of 159
10 Year
18 out of 94

LIPPER CLASSIFICATION Global 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

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 highly volatile, 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 09/30/19, 3-Year Trailing	Standard Deviation	Alpha	Beta	R-Squared	Sharpe Ratio
SDGIX	2.85	0.88	0.65	56.98	0.62

Distributions

Dividend Schedule

Declared

Quarterly

Distributed

Quarterly

Paid

Quarterly

Fiscal Year End

Dec 31

Month/Year	Dividend ($)
12/2018	0.6089
09/2018	0.1840
06/2018	0.0132
03/2018	0.0140

All figures as of month-end. Dividend history does not reflect any capital gains that may have been paid.

(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
SDGIX	0.6089	0.0000	0.0000	0.0000	0.0000	0.6089	20.39

	Record Date	Ex-Dividend Date	Payable Date
SDGIX	12/28/18	12/31/18	12/31/18

(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
SDGIX	Final	0.6089	0.0000	0.0000	0.0000	0.0000	0.6089	20.39

	Record Date	Ex-Dividend Date	Payable Date
SDGIX	12/28/18	12/31/18	12/31/18

Literature

Solutions for

BNY Mellon Global Fixed Income Fund