Historical Prices

Start Date End Date

BNY Mellon Short Term Income Fund

  • TICKER DSTIX
  • Fund Code 0083
  • CUSIP 05600G107
  • SHARE CLASS
Overview

Why invest in this Fund?

The fund seeks to maximize total return, consisting of capital appreciation and current income.

Accordingly, the fund invests at least 80% of its net assets in investment grade fixed-income securities of U.S. and foreign issuers. The fund may invest up to 20% of its assets in fixed-income securities rated below investment grade ("high yield" or "junk" bonds) to as low as Caa/CCC. The fund may invest up to 30% of total assets in fixed-income securities of foreign issuers, including emerging markets.

Min. class investment
$1,000
Class Inception Date
08/18/92
Fund Assets
$131,786,937  As of  10/19/20
Class Assets
$131,268,165  As of  10/19/20
Portfolio Turnover Rate
98.18%  As of fiscal year end  07/31/20
Morningstar Category
Short-Term Bond
Benchmark
ICE BofA Merrill Lynch 1-5 Year U.S. Corporate/Government Index
Fund Holdings
292  As of  09/30/20
Average Effective Maturity
2.69  yr(s).  As of  09/30/20
Average Effective Duration
2.51  yr(s).  As of  09/30/20

Morningstar Rating™ as of September 30, 2020 for the Class D class shares; other classes may have different performance characteristics. Overall rating for the Short-Term Bond category. Fund ratings are out of 5 Stars: Overall 2 Stars (515 funds rated); 3 Yrs. 2 Stars (515 funds rated); 5 Yrs. 2 Stars (459 funds rated); 10 Yrs. 2 Stars (297 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

  • Bowser, David R.

    David R. Bowser

    Portfolio Manager, Mellon Investments Corporation

    12 yr(s). on fund

  • Zaleski, Scott

    Scott Zaleski

    Portfolio Manager, Mellon Investments Corporation

    1 yr(s). on fund

  • Hyde, Nathaniel

    Nathaniel Hyde

    Portfolio Manager, Mellon Investments Corporation

    2 yr(s). on fund

Performance

Average Annual Returns

Month End

As of  09/30/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Short Term Income Fund
DSTIX
 4.18 2.53 1.94 1.65 3.73 08/18/92
ICE BofA Merrill Lynch 1-5 Year U.S. Corporate/Government Index
 4.82 3.47 2.60 2.14 - -

Quarter End

As of  09/30/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Short Term Income Fund
DSTIX
 4.18 2.53 1.94 1.65 3.73 08/18/92
ICE BofA Merrill Lynch 1-5 Year U.S. Corporate/Government Index
 4.82 3.47 2.60 2.14 - -

Cumulative Returns

Month End

As of  09/30/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Short Term Income Fund
DSTIX
 4.18 7.78 10.10 17.77 179.97 08/18/92
ICE BofA Merrill Lynch 1-5 Year U.S. Corporate/Government Index
 4.82 10.79 13.71 23.59 - -

Quarter End

As of  09/30/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Short Term Income Fund
DSTIX
 4.18 7.78 10.10 17.77 179.97 08/18/92
ICE BofA Merrill Lynch 1-5 Year U.S. Corporate/Government Index
 4.82 10.79 13.71 23.59 - -
The ICE BofA Merrill Lynch 1-5 Year U.S. Corporate/Government Index tracks the performance of U.S. dollar-denominated investment-grade debt publicly issued in the U.S. domestic market, including U.S. Treasury, U.S. agency, foreign government, supranational and corporate securities, including all securities with a remaining term to final maturity less than five years. 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

    Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

    Monthly

    Fund 09/20 08/20 07/20 06/20 05/20 04/20 03/20 02/20 01/20 12/19 11/19 10/19
    DSTIX
    		 1.84% 1.96% 1.85% 2.13% 2.52% 2.53% 2.57% 2.64% 2.52% 2.54% 2.69% 2.37%

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

    Monthly yield history is the annualized distribution rate that is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.

    Yearly

    Fund 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
    DSTIX
    		 4.62% -0.48% 1.47% 1.32% -0.33% 0.30% 0.87% 3.91% 1.61% 4.73%

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

    Fees & Expenses

    Prospectus Fee Table Expense Ratios

    As of  11/29/19 Fee Description Expense Ratio (%)
    Management Fee 0.50%
    Service Fee 0.20%
    Other Expenses 0.37%
    Total Expenses 1.07%
    Expenses Reimbursed 0.42%
    Net Expenses 0.65%
    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 November 29, 2020, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of the fund (excluding shareholder services fees, taxes, interest, brokerage commissions, commitment fees on borrowings and extraordinary expenses) do not exceed 0.45%. On or after November 29, 2020, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.
    Portfolio

    Portfolio Manager/Sub-Investment Advisor

    The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). David Bowser, CFA, Nathaniel Hyde, CFA, and Scott Zaleski, CFA, are the fund's primary portfolio managers, positions they have held since July 2008, March 2018 and July 2019, respectively. Mr. Bowser is a director and senior portfolio manager on the Global Multi-Sector Investment team at Mellon Investments Corporation (Mellon), an affiliate of BNYM Investment Adviser. Mr. Hyde is a vice president and portfolio manager on the Global Multi-Sector Fixed Income team at Mellon. Mr. Zaleski is a director and senior portfolio manager on the Global Multi-Sector Fixed Income team at Mellon. Messrs. Bowser, Hyde and Zaleski are also employees of BNYM Investment Adviser.

    Top Holdings

    As of  09/30/20   Holdings % Portfolio  Weight
    United States Treasury Note/Bond, 0.125%, 05/15/2023 4.38
    FNMA, 2%, 10/01/2050 4.37
    United States Treasury Note/Bond, 0.375%, 04/30/2025 2.38
    FNMA, 2.5%, 10/01/2050 1.86
    FNMA, 2%, 07/01/2035 1.20
    Goldman Sachs Group, 3.2%, 02/23/2023 1.03
    Dominion Energy, 2%, 08/15/2021 0.92
    Berkshire Hathaway, 0.0924%, 03/12/2025 0.73
    COMM 2016-COR1 Mortgage Trust, 2.499%, 10/01/2049 0.72
    AT&T, 4.05%, 12/15/2023 0.69

    Asset Allocation

        Stats & Risks

        Daily Statistics

        As of  10/19/20 Name 30-Day Sec Yield 
        (WITHOUT WAIVER)        		 30-Day Sec Yield 
        (WITH WAIVER)        		 NAV Change 08/05/20  12 Month 
        High Nav        		 03/24/20  12 Month 
        Low Nav        		 YTD Return
        DSTIX
        		 0.37% 0.89% $10.37
        $0.00
        0.00%
        		 $10.40 $9.52 3.82%

        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.
        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  09/30/20, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DSTIX
        		 3.21 -0.87 0.51 27.92 0.29
        Distributions

        Dividend Schedule

        Declared
        Daily
        Distributed
        Monthly
        Paid
        Monthly
        Fiscal Year End
        Jul 31
        Annualized Distribution Rate
        1.84%
        As of  09/2020
        Annualized distribution rate is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.
        Month/Year Dividend ($)
        09/2020 0.015708698
        08/2020 0.017323989
        07/2020 0.016293049
        06/2020 0.019221348
        05/2020 0.020419453
        04/2020 0.020995635
        03/2020 0.022181913
        02/2020 0.020820579
        01/2020 0.021942720
        12/2019 0.022682294
        11/2019 0.021688327
        10/2019 0.020483483
        All figures as of month-end. Dividend history does not reflect any capital gains that may have been paid.

        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
        DSTIX
        		 0.0000 0.0000 0.0790 0.0000 0.0000 0.0790 9.89
        Record Date Ex-Dividend Date Payable Date
        DSTIX
        		 12/03/18 12/04/18 12/04/18
        Literature