BNY Mellon Income Stock Fund
- TICKER MPISX
- Fund Code 0956
- CUSIP 05569M301
- SHARE CLASS
-
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Why invest in this Fund?
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. The fund emphasizes those stocks with value characteristics, although it may also purchase growth stocks. The fund may invest in the stocks of any companies of any size, although it focuses on large-cap companies. The fund's investment process is designed to provide investors with investment exposure to sector weightings and risk characteristics generally similar to those of the Dow Jones U.S. Select Dividend IndexSM. The fund's stock investments may include common stocks, preferred stocks, convertible securities and American Depositary Receipts (ADRs), including those purchased in initial public offerings. The fund also may invest in fixed-income securities and money market instruments.
In selecting securities, the investment adviser uses a computer model to identify and rank stocks within an industry or sector, based on their value, earnings growth and financial profile. Then fundamental analysis is used to select the most attractive of the higher ranked securities. The investment adviser manages risk by diversifying across companies and industries, limiting the potential adverse impact from any one stock or industry. The fund may at times overweight certain sectors in attempting to achieve higher yields.
The fund may, but is not required to, use exchange-traded derivatives, such as futures and options, as a substitute for taking a position in an underlying asset, to increase returns or income, to manage interest rate risk, or as part of a hedging strategy.
Morningstar Rating™ as of July 31, 2024 for the Class M 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 (1093 funds rated); 3 Yrs. 5 Stars (1093 funds rated); 5 Yrs. 3 Stars (1040 funds rated); 10 Yrs. 4 Stars (810 funds rated).
Portfolio Managers
-
John Bailer, CFA
Deputy Head of Equity Income, Portfolio Manager, Newton Investment Management North America, LLC
Managing Fund Since 2011
Joined Firm in 1992
Joined Industry in 1992
-
Brian C. Ferguson
Portfolio Manager, Newton Investment Management North America, LLC
Managing Fund Since 2015
Joined Firm in 1997
Joined Industry in 1990
-
Keith Howell
Portfolio Manager,
Managing Fund Since 2021
Joined Firm in 2006
Joined Industry in 2004
Total Returns
Month End
Average Annual As of 07/31/24 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 07/31/24 |
YTD 07/31/24 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Income Stock Fund
MPISX |
5.99 | 10.65 | 14.14 | 11.61 | 11.95 | 10.53 | 10.93 |
Dow Jones U.S. Select Dividend Index
|
9.90 | 13.00 | 15.10 | 8.18 | 9.74 | 10.05 | - |
Quarter End
Average Annual As of 06/30/24 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 06/30/24 |
YTD 06/30/24 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Income Stock Fund
MPISX |
-2.09 | 6.49 | 14.29 | 10.18 | 11.62 | 9.87 | 10.85 |
Dow Jones U.S. Select Dividend Index
|
-1.01 | 5.03 | 11.44 | 5.27 | 8.33 | 8.77 | - |
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.
Growth of $10,000 Investment
Historical Performance
Yearly Total Return
Yearly
Prospectus Fee Table Expense Ratios
As of 12/29/23 Fee Description | Expense Ratio (%) |
---|---|
Management Fee | 0.65% |
Administration Fee | 0.14% |
Other Expenses | 0.07% |
Total Expenses | 0.86% |
Net Expenses | 0.86% |
Portfolio Manager/Sub-Investment Adviser
Asset Allocation
Daily Statistics
As of 08/30/24 Name | NAV | Change |
08/30/24 12 Month High Nav |
12/07/23 12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|
MPISX
|
$8.20 |
$0.04
0.49%
|
$8.20 | $6.98 | 14.40% |
Performance Metrics
Overall Morningstar Rating
MORNINGSTAR CATEGORY Large Value
Morningstar Rating™ as of 07/31/24 for the Class M shares; other classes may have different performance
characteristics. Overall rating for the Large Value. Fund ratings are out of 5 Stars: Overall
4 Stars (1093 funds rated); 3 Yrs.
5 Stars (1093 funds rated); 5 Yrs.
3 Stars (1040 funds rated); 10 Yrs.
4 Stars (810 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
270 out of 457 -
3 Year
11 out of 429 -
5 Year
97 out of 410 -
10 Year
58 out of 312
LIPPER CLASSIFICATION Equity Income Funds
Main Risks
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.
Please refer to the prospectus for a more complete discussion of the fund's main risks.
Risk Metrics
As of 07/31/24 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
---|---|---|---|---|---|
MPISX
|
15.58 | 3.40 | 0.73 | 69.07 | 0.56 |
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
As of
Year | Dividend ($) | Capital Gains ($) |
---|---|---|
2024 | 0.0882 | 0.0000 |
2023 | 0.1696 | 0.7823 |
2022 | 0.1845 | 1.8285 |
2021 | 0.1840 | 1.7590 |
2020 | 0.1910 | 0.0000 |
2019 | 0.1915 | 0.7069 |
2018 | 0.2049 | 0.7568 |
2017 | 0.1868 | 0.6891 |
2016 | 0.2032 | 0.2809 |
2015 | 0.1868 | 0.7854 |
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 |
---|---|---|---|---|---|---|---|---|
08/29/24 | 08/30/24 | 08/30/24 | - | 0.0090 | - | 0.0000 | 0.0000 | 0.0090 |
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 |
---|---|---|---|---|---|---|---|---|
07/30/24 | 07/31/24 | 07/31/24 | - | 0.0086 | - | 0.0000 | 0.0000 | 0.0086 |
06/27/24 | 06/28/24 | 06/28/24 | - | 0.0117 | - | 0.0000 | 0.0000 | 0.0117 |
05/30/24 | 05/31/24 | 05/31/24 | - | 0.0197 | - | 0.0000 | 0.0000 | 0.0197 |
04/29/24 | 04/30/24 | 04/30/24 | - | 0.0045 | - | 0.0000 | 0.0000 | 0.0045 |
03/27/24 | 03/28/24 | 03/28/24 | - | 0.0170 | - | 0.0000 | 0.0000 | 0.0170 |
02/28/24 | 02/29/24 | 02/29/24 | - | 0.0092 | - | 0.0000 | 0.0000 | 0.0092 |
01/30/24 | 01/31/24 | 01/31/24 | - | 0.0085 | - | 0.0000 | 0.0000 | 0.0085 |
12/06/23 | 12/07/23 | 12/07/23 | 0.0000 | 0.0309 | 0.0000 | 0.0000 | 0.7823 | 0.8132 |
11/29/23 | 11/30/23 | 11/30/23 | - | 0.0174 | - | 0.0000 | 0.0000 | 0.0174 |
10/30/23 | 10/31/23 | 10/31/23 | - | 0.0081 | - | 0.0000 | 0.0000 | 0.0081 |
09/28/23 | 09/29/23 | 09/29/23 | - | 0.0122 | - | 0.0000 | 0.0000 | 0.0122 |
08/30/23 | 08/31/23 | 08/31/23 | - | 0.0138 | - | 0.0000 | 0.0000 | 0.0138 |
See all rows... |
Literature
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