BNY Mellon Short-Term U.S. Government Securities Fund
- TICKER MPSUX
- Fund Code 0963
- CUSIP 05569M780
- SHARE CLASS
-
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Why invest in this Fund?
To pursue its goal, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and in repurchase agreements in respect of such securities. The fund may invest up to 35% of its net assets in mortgage-related securities issued by U.S. government agencies or instrumentalities, such as mortgage passthrough securities issued by the Government National Mortgage Association, the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. The fund also may invest in collateralized mortgage obligations (CMOs), including stripped mortgage-backed securities. Typically in choosing securities, the portfolio manager first examines U.S. and global economic conditions and other market factors in order to estimate long- and short-term interest rates. Using a research-driven investment process, generally the portfolio manager then seeks to identify potentially profitable sectors before they are widely perceived by the market, and seeks underpriced or mispriced securities that appear likely to perform well over time.
Generally, the fund's average effective portfolio maturity and its average effective portfolio duration will be less than three years. The fund may invest in individual bonds of any maturity or duration. In calculating average effective portfolio maturity and average effective portfolio duration, the fund may treat a security that can be repurchased by its issuer on an earlier date (known as a "call date") as maturing on the call date rather than on its stated maturity date.
Morningstar Rating™ as of July 31, 2024 for the Class M class shares; other classes may have different performance characteristics. Overall rating for the Short Government category. Fund ratings are out of 5 Stars: Overall 4 Stars (90 funds rated); 3 Yrs. 4 Stars (90 funds rated); 5 Yrs. 4 Stars (84 funds rated); 10 Yrs. 3 Stars (76 funds rated).
Yields and Expense Ratio
30-DAY SEC YIELD as of 08/30/24 |
ANNUALIZED DISTRIBUTION RATE as of 07/31/24 |
PROSPECTUS FEE TABLE EXPENSE RATIO (%) as of 12/29/23 |
|||
---|---|---|---|---|---|
Subsidized | Unsubsidized | Net | Gross | Contractual Fee Waiver End Date |
|
2.85 | 2.77 | 2.99 | 0.50 | 0.59 | - |
Yield fluctuates and past performance is no guarantee of future results.
The SEC 30-day Yield is calculated by dividing the net investment income per share earned during the period (calculated in accordance with regulatory guidelines) by the maximum offering price per share on the last day of the period.
Unsubsidized yield displays what the fund's 30-Day SEC Yield would have been had no fee waiver or expense reimbursement been in place during the period.
Portfolio Managers
-
Lawrence R. Dunn
Portfolio Manager,
Managing Fund Since 2000
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 Short-Term U.S. Government Securities Fund
MPSUX |
2.05 | 2.57 | 5.24 | 0.72 | 1.15 | 0.98 | 3.61 |
Bloomberg U.S. Government 1-3 Year Bond Index
|
2.46 | 2.37 | 5.37 | 0.67 | 1.29 | 1.25 | - |
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 Short-Term U.S. Government Securities Fund
MPSUX |
0.84 | 1.56 | 4.64 | 0.46 | 0.95 | 0.86 | 3.59 |
Bloomberg U.S. Government 1-3 Year Bond Index
|
0.91 | 1.20 | 4.53 | 0.34 | 1.03 | 1.13 | - |
The Bloomberg U.S. Government 1-3 Year Bond Index comprises the U.S. Treasury and U.S. Agency Indices. The index includes U.S. dollar-denominated, fixed-rate, nominal U.S. Treasuries and U.S. agency debentures, which reach maturity in 1-3 years. Investors cannot invest directly in any index.
Growth of $10,000 Investment
Historical Performance
Monthly
Yearly
Prospectus Fee Table Expense Ratios
As of 12/29/23 Fee Description | Expense Ratio (%) |
---|---|
Management Fee | 0.35% |
Administration Fee | 0.14% |
Other Expenses | 0.10% |
Total Expenses | 0.59% |
Expenses Reimbursed | 0.09% |
Net Expenses | 0.50% |
Portfolio Manager/Sub-Investment Adviser
Asset Allocation
Daily Statistics
As of 08/30/24 Name | NAV | Change |
08/29/24 12 Month High Nav |
10/03/23 12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|
MPSUX
|
$11.10 |
-$0.03
-0.27%
|
$11.13 | $10.75 | 3.38% |
Performance Metrics
Overall Morningstar Rating
MORNINGSTAR CATEGORY Short Government
Morningstar Rating™ as of 07/31/24 for the Class M shares; other classes may have different performance
characteristics. Overall rating for the Short Government. Fund ratings are out of 5 Stars: Overall
4 Stars (90 funds rated); 3 Yrs.
4 Stars (90 funds rated); 5 Yrs.
4 Stars (84 funds rated); 10 Yrs.
3 Stars (76 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
37 out of 67 -
3 Year
18 out of 66 -
5 Year
25 out of 62 -
10 Year
26 out of 55
LIPPER CLASSIFICATION Short U.S. Government Funds
Main Risks
Not all obligations of the U.S. government, its agencies and instrumentalities are backed by the full faith and credit of the U.S. Treasury. Some obligations are backed only by the credit of the issuing agency or instrumentality, and in some cases, there may be some risk of default by the issuer. Any guarantee by the U.S. government or its agencies or instrumentalities of a security held by the fund does not apply to the market value of such security or to shares of the fund itself.
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 |
---|---|---|---|---|---|
MPSUX
|
1.96 | -1.59 | 0.20 | 78.19 | -1.64 |
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 Bloomberg U.S. Aggregate Bond Index.
Dividend Schedule
Month/Year | Dividend ($) |
---|---|
08/2024 | 0.028000000 |
07/2024 | 0.028000000 |
06/2024 | 0.027000000 |
05/2024 | 0.028000000 |
04/2024 | 0.027000000 |
03/2024 | 0.026000000 |
02/2024 | 0.026000000 |
01/2024 | 0.026000000 |
12/2023 | 0.027000000 |
11/2023 | 0.027000000 |
10/2023 | 0.025000000 |
09/2023 | 0.025000000 |
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 | 0.0280 | 0.0000 | - | 0.0000 | 0.0000 | 0.0280 |
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 | 0.0280 | 0.0000 | - | 0.0000 | 0.0000 | 0.0280 |
06/27/24 | 06/28/24 | 06/28/24 | 0.0270 | 0.0000 | - | 0.0000 | 0.0000 | 0.0270 |
05/30/24 | 05/31/24 | 05/31/24 | 0.0280 | 0.0000 | - | 0.0000 | 0.0000 | 0.0280 |
04/29/24 | 04/30/24 | 04/30/24 | 0.0270 | 0.0000 | - | 0.0000 | 0.0000 | 0.0270 |
03/27/24 | 03/28/24 | 03/28/24 | 0.0260 | 0.0000 | - | 0.0000 | 0.0000 | 0.0260 |
02/28/24 | 02/29/24 | 02/29/24 | 0.0260 | 0.0000 | - | 0.0000 | 0.0000 | 0.0260 |
01/30/24 | 01/31/24 | 01/31/24 | 0.0260 | 0.0000 | - | 0.0000 | 0.0000 | 0.0260 |
12/06/23 | 12/07/23 | 12/07/23 | 0.0270 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0270 |
11/29/23 | 11/30/23 | 11/30/23 | 0.0270 | 0.0000 | - | 0.0000 | 0.0000 | 0.0270 |
10/30/23 | 10/31/23 | 10/31/23 | 0.0250 | 0.0000 | - | 0.0000 | 0.0000 | 0.0250 |
09/28/23 | 09/29/23 | 09/29/23 | 0.0250 | 0.0000 | - | 0.0000 | 0.0000 | 0.0250 |
08/30/23 | 08/31/23 | 08/31/23 | 0.0250 | 0.0000 | - | 0.0000 | 0.0000 | 0.0250 |
See all rows... |
Literature
Factsheet, Prospectus and Reports
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