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    BNY Mellon Core Plus Fund

    Why invest in this Fund?

    The fund seeks high total return consistent with preservation of capital. To pursue its goal, the fund normally invests in a diversified portfolio of fixed-income securities of U.S. and foreign issuers. Typically, the fund's portfolio can be expected to have an average effective duration ranging between three and eight years.
    Min. class investment
    $1,000
    Class Inception Date
    02/02/18
    Fund Assets
    $1,578,338,511  As of  11/30/23
    Class Assets
    $18,633,445  As of  11/30/23
    Portfolio Turnover Rate
    57.85% As of fiscal year end  04/30/23
    Morningstar Category
    Intermediate Core-Plus Bond
    Benchmark
    Bloomberg U.S. Aggregate Bond Index
    Morningstar Overall Rating
    Fund Holdings
    509 As of 10/31/23
    AVERAGE EFFECTIVE MATURITY
    9.24 yr(s).  As of  10/31/23
    AVERAGE EFFECTIVE DURATION
    6.12 yr(s).   As of  10/31/23

    Morningstar Rating™ as of October 31, 2023 for the Class C class shares; other classes may have different performance characteristics. Overall rating for the Intermediate Core-Plus Bond category. Fund ratings are out of 5 Stars: Overall 3 Stars (567 funds rated); 3 Yrs. 2 Stars (567 funds rated); 5 Yrs. 3 Stars (532 funds rated); 10 Yrs. 3 Stars (375 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

    • Scott  Zaleski

      Scott Zaleski, CFA

      Senior Portfolio Manager, Insight North America, LLC

      Since November 2023

    • Gautam  Khanna

      Gautam Khanna

      Head of US Multi Sector Fixed Income,

      5 yr(s). on fund

    • James DiChiaro

      James DiChiaro

      Senior Portfolio Manager,

      4 yr(s). on fund


    Total Returns

    Click here to see SALES CHARGE  Max Sales Charge:  1.00%  CDSC Load
    Average Annual
    As of 10/31/23
    Name 3 MO
    10/31/23
    YTD
    10/31/23
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Core Plus Fund
    DCPCX
    -6.02 -3.61 -0.30 -5.53 -0.17 1.22 1.87
    Bloomberg U.S. Aggregate Bond Index
    -4.69 -2.77 0.36 -5.57 -0.06 0.88 -
    Average Annual
    As of 09/30/23
    Name 3 MO
    09/30/23
    YTD
    09/30/23
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Core Plus Fund
    DCPCX
    -4.09 -1.86 0.25 -5.10 0.01 1.56 2.02
    Bloomberg U.S. Aggregate Bond Index
    -3.23 -1.21 0.64 -5.21 0.10 1.13 -

    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. Aggregate Total Return Index is designed to measure the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, mortgage-backed pass-through securities (agency fixed-rate), commercial mortgage-backed securities (agency and non-agency) and other asset-backed securities having at least one year until final maturity. To be included in the index, securities must be rated investment grade (Baa3/BBB-/BBB- or higher) using the middle rating of Moody’s, S&P and Fitch. Investors cannot invest directly in an index.

    The total return performance figures presented for Class C shares of the fund represent the performance of the fund's Class Y for periods prior to February 02, 2018, the inception date for Class C shares, and the performance of Class C, respectively, from that inception date. Performance reflects the applicable class' distribution/servicing fees since the inception date. Had these fees and expenses been reflected for periods prior, performance would have been different.


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

    For periods prior to February 5, 2018, the information for the fund’s Class C shares represents the performance of a predecessor fund's Institutional share.  Such performance figures have not been adjusted to reflect applicable class fees and expenses; if such fees and expenses had been reflected, the performance shown for Class C shares for such periods may have been lower.

    When applicable, returns reflect a contractual expense reduction, without which returns would have been lower. Please see contractual expense reduction information, if any, in the Prospectus Fee Table below.

    Growth of $10,000 Investment

    Past performance is no guarantee of future results.

    Historical Performance

      These figures do not reflect the maximum sales charge which, if included, would reduce return.

      For periods prior to February 5, 2018, the information for the fund’s Class C shares represents the performance of a predecessor fund's Institutional share.  Such performance figures have not been adjusted to reflect applicable class fees and expenses; if such fees and expenses had been reflected, the performance shown for Class C shares for such periods may have been lower.

      Past performance is no guarantee of future results.

       

      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.


      Redemption Charge

      As of    REDEMPTION YEAR CDSC
      Year  1 1.00

      Class C shares are subject to a contingent deferred sales charge (CDSC) imposed on Class C shares redeemed within one year of purchase.

      Prospectus Fee Table Expense Ratios

      As of  09/01/23 Fee Description Expense Ratio (%)
      Management Fee 0.35%
      12B-1 Fee 0.75%
      Service Fee 0.25%
      Other Expenses 0.19%
      Total Expenses 1.54%
      Expenses Reimbursed 0.09%
      Net Expenses 1.45%
      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 September 1, 2024, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of the fund's share classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest expense, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed .45%. On or after September 1, 2024, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.

      Portfolio Manager/Sub-Investment Adviser

      The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser), and the fund's sub-adviser is Insight North America LLC, an affiliate of BNYM Investment Adviser. Gautam Khanna, CFA, James DiChiaro and Scott Zaleski, CFA are the fund's primary portfolio managers. Mr. Khanna has served as a primary portfolio manager of the fund since the fund commenced operations on February 2, 2018. Mr. DiChiaro has served as a primary portfolio manager of the fund since August 1, 2019. Mr. Zaleski has served as a primary portfolio manager of the fund since November 1, 2023. Mr. Khanna also was the predecessor fund's primary portfolio manager since its inception in December 2010. Messrs. Khanna, DiChiaro and Zaleski are senior portfolio managers at the sub-adviser.

      Top Holdings

      As of 10/31/23

      Asset Allocation


          Daily Statistics

          As of 11/30/23 Name 30-Day Sec Yield
          (WITHOUT WAIVER)
          30-Day Sec Yield
          (WITH WAIVER)
          NAV Change 02/02/23  12 Month 
          High Nav
          10/19/23  12 Month 
          Low Nav
          YTD Return
          DCPCX
          3.87% 3.94% $8.96
          -$0.03
          -0.33%
          $9.41 $8.52 2.38%

          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.

          Performance Metrics

          Overall Morningstar Rating


          MORNINGSTAR CATEGORY Intermediate Core-Plus Bond


          Morningstar Rating™ as of 10/31/23 for the Class C shares; other classes may have different performance characteristics. Overall rating for the Intermediate Core-Plus Bond. Fund ratings are out of 5 Stars: Overall 3 Stars (567 funds rated); 3 Yrs. 2 Stars (567 funds rated); 5 Yrs. 3 Stars (532 funds rated); 10 Yrs. 3 Stars (375 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
            176 out of 329
          • 3 Year
            180 out of 302
          • 5 Year
            183 out of 276
          • 10 Year
            out of

          LIPPER CLASSIFICATION Core Plus Bond 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 decline. 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.
          Mortgage-backed securities: Ginnie Maes and other securities backed by the full faith and credit of the United States are guaranteed only as to the timely payment of interest and principal when held to maturity. The market prices for such mortgage-backed securities are not guaranteed and will fluctuate. Privately issued mortgage related securities also are subject to credit risks associated with the underlying mortgage properties. These securities may be more volatile and less liquid than more traditional, government backed debt securities. Privately issued mortgage related securities also are subject to credit risks associated with the underlying mortgage properties.
          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.
          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.
          The fund may, but is not required to, use derivatives which 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  10/31/23  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DCPCX
          6.73 0.49 1.06 95.54 -1.13

          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.


          Alpha - Alpha is a measure of a security's or portfolio's excess return.

          Beta - Beta is a measure of a security’s or portfolio’s volatility, or systematic risk.

          R-Squared - R-squared is a statistical measure that represents the percentage of a fund’s or security’s movements that are explained by movements in a benchmark index.

          Sharpe Ratio - Sharpe ratio is a risk-adjusted measure that measures reward per unit of risk. The higher the Sharpe ratio, the better.

          Standard Deviation - Standard deviation is a statistical measure of the degree to which an individual portfolio return tends to vary from the mean, based on the entire population. The greater the degree of dispersion, the greater the degree of risk. In mutual funds, the standard deviation tells us how much the return on the fund is deviating from the expected normal returns.


          Dividend Schedule

          Declared
          Daily
          Distributed
          Monthly
          Paid
          Monthly
          Fiscal Year End
          Apr 30

          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 ($)
          11/2023 0.023595652
          10/2023 0.024502034
          09/2023 0.021817062
          08/2023 0.022856814
          07/2023 0.022388842
          06/2023 0.021622043
          05/2023 0.023252296
          04/2023 0.020154252
          03/2023 0.022002926
          02/2023 0.019834234
          01/2023 0.021404628
          12/2022 0.019975241

          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
          12/08/21 12/09/21 12/09/21 0.0000 0.0000 0.0985 0.0000 0.0000 0.0985 10.77
          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
          12/08/20 12/09/20 12/09/20 0.0000 0.0000 0.0242 0.0000 0.0000 0.0242 -

          Literature

          PRODUCT MATERIALS

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          GOING THE DISTANCE WITH CORE PLUS Download
          BNY Mellon Core Plus Fund - No shortcuts to Success Download
          BNY Mellon Core Plus Fund - Investment Report Download
          BNY Mellon Core Plus Fund - Presentation Download
          BNY Mellon Core Plus Fund - Commentary Download

          Factsheet, Prospectus and Reports

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          Factsheet Download
          Prospectus Download
          Summary Prospectus Download
          SAI Download
          Annual Report Download
          Semi Annual Report Download
          1Q Fiscal Holdings Download
          3Q Fiscal Holdings Download

          Investors should consider the investment objectives, risks, charges, and expenses of a mutual fund carefully before investing. Download a prospectus, or summary prospectus, if available, that contains this and other information about the fund, and read it carefully before investing.

          This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular investment, strategy, investment manager or account arrangement and should not serve as a primary basis for investment decisions.

          Please consult a legal, tax or investment professional in order to determine whether an investment product or service is appropriate for a particular situation.