BNY Mellon Short-Term U.S. Government Securities Fund
- TICKER MISTX
- Fund Code 0970
- CUSIP 05569M772
- 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 May 31, 2023 for the Investor Shares class shares; other classes may have different performance characteristics. Overall rating for the Short Government category. Fund ratings are out of 5 Stars: Overall 3 Stars (82 funds rated); 3 Yrs. 3 Stars (82 funds rated); 5 Yrs. 3 Stars (79 funds rated); 10 Yrs. 2 Stars (68 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.
Portfolio Managers
-
Lawrence R. Dunn
Portfolio Manager,
22 yr(s). on fund
Total Returns
Month End
Average Annual As of 05/31/23 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 05/31/23 |
YTD 05/31/23 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Short-Term U.S. Government Securities Fund
MISTX |
1.08 | 1.18 | -0.20 | -1.19 | 0.48 | 0.20 | 1.42 |
Bloomberg U.S. Government 1-3 Year Bond Index
|
1.55 | 1.51 | 0.04 | -0.93 | 1.04 | 0.80 | - |
Quarter End
Average Annual As of 03/31/23 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 03/31/23 |
YTD 03/31/23 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Short-Term U.S. Government Securities Fund
MISTX |
1.23 | 1.23 | -0.24 | -1.09 | 0.50 | 0.19 | 1.43 |
Bloomberg U.S. Government 1-3 Year Bond Index
|
1.59 | 1.59 | 0.23 | -0.83 | 1.09 | 0.81 | - |
The performance data quotes represents past performance, which is no guarantee of future results. Yield, share price and investment return fluctuate and an investor’s shares may be worth more or less than original cost upon redemption. Current performance may be lower or higher than the performance quoted. Click above for month-end returns.
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
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
Investment return fluctuates and past performance is no guarantee of future results.
Prospectus Fee Table Expense Ratios
As of 12/30/22 Fee Description | Expense Ratio (%) |
---|---|
Management Fee | 0.35% |
Service Fee | 0.25% |
Administration Fee | 0.13% |
Other Expenses | 0.11% |
Total Expenses | 0.84% |
Expenses Reimbursed | 0.09% |
Net Expenses | 0.75% |
Portfolio Manager/Sub-Investment Adviser
Asset Allocation
Daily Statistics
As of 06/07/23 Name |
30-Day Sec Yield (WITHOUT WAIVER) |
30-Day Sec Yield (WITH WAIVER) |
NAV | Change |
07/28/22 12 Month High Nav |
11/03/22 12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|---|---|
MISTX
|
2.55% | 2.63% | $10.83 |
$0.00
0.00%
|
$11.07 | $10.76 | 1.00% |
Performance Metrics
Overall Morningstar Rating
MORNINGSTAR CATEGORY Short Government
Morningstar Rating™ as of 05/31/23 for the Investor Shares shares; other classes may have different performance
characteristics. Overall rating for the Short Government. Fund ratings are out of 5 Stars: Overall
3 Stars (82 funds rated); 3 Yrs.
3 Stars (82 funds rated); 5 Yrs.
3 Stars (79 funds rated); 10 Yrs.
2 Stars (68 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
21 out of 66 -
3 Year
34 out of 63 -
5 Year
36 out of 62 -
10 Year
38 out of 52
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 05/31/23 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
---|---|---|---|---|---|
MISTX
|
1.52 | -1.62 | 0.20 | 68.85 | -1.75 |
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
As of 05/2023
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 ($) |
---|---|
05/2023 | 0.023000000 |
04/2023 | 0.022000000 |
03/2023 | 0.022000000 |
02/2023 | 0.020000000 |
01/2023 | 0.021000000 |
12/2022 | 0.020000000 |
11/2022 | 0.019000000 |
10/2022 | 0.017000000 |
09/2022 | 0.016000000 |
08/2022 | 0.015000000 |
07/2022 | 0.015000000 |
06/2022 | 0.016000000 |
All figures as of month-end. Dividend history does not reflect any capital gains that may have been paid.
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 |
Reinvest NAV |
---|---|---|---|---|---|---|---|---|---|
05/30/23 | 05/31/23 | 05/31/23 | 0.0230 | 0.0000 | - | 0.0000 | 0.0000 | 0.0230 | 10.85 |
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 |
Reinvest NAV |
---|---|---|---|---|---|---|---|---|---|
04/27/23 | 04/28/23 | 04/28/23 | 0.0220 | 0.0000 | - | 0.0000 | 0.0000 | 0.0220 | - |
03/30/23 | 03/31/23 | 03/31/23 | 0.0220 | 0.0000 | - | 0.0000 | 0.0000 | 0.0220 | - |
02/27/23 | 02/28/23 | 02/28/23 | 0.0200 | 0.0000 | - | 0.0000 | 0.0000 | 0.0200 | - |
01/30/23 | 01/31/23 | 01/31/23 | 0.0210 | 0.0000 | - | 0.0000 | 0.0000 | 0.0210 | - |
12/06/22 | 12/07/22 | 12/07/22 | 0.0200 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0200 | - |
11/29/22 | 11/30/22 | 11/30/22 | 0.0190 | 0.0000 | - | 0.0000 | 0.0000 | 0.0190 | - |
10/28/22 | 10/31/22 | 10/31/22 | 0.0170 | 0.0000 | - | 0.0000 | 0.0000 | 0.0170 | - |
09/29/22 | 09/30/22 | 09/30/22 | 0.0160 | 0.0000 | - | 0.0000 | 0.0000 | 0.0160 | - |
08/30/22 | 08/31/22 | 08/31/22 | 0.0150 | 0.0000 | - | 0.0000 | 0.0000 | 0.0150 | - |
07/28/22 | 07/29/22 | 07/29/22 | 0.0150 | 0.0000 | - | 0.0000 | 0.0000 | 0.0150 | - |
06/29/22 | 06/30/22 | 06/30/22 | 0.0160 | 0.0000 | - | 0.0000 | 0.0000 | 0.0160 | - |
05/27/22 | 05/31/22 | 05/31/22 | 0.0180 | 0.0000 | - | 0.0000 | 0.0000 | 0.0180 | - |
See all rows... |
Literature
Factsheet, Prospectus and Reports
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