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    BNY Mellon Global Dynamic Bond Income Fund

    Why invest in this Fund?

    The fund seeks total return (consisting of income and capital appreciation).

    Accordingly, the fund normally invests at least 80% of its net assets, plus any borrowings, in bonds and other instruments that provide investment exposure to global bond and currency markets in seeking to produce absolute or real returns across economic cycles.

    The fund's portfolio managers employ a dynamic approach in allocating the fund's assets globally, principally among government bonds, emerging market sovereign debt, investment grade and high yield corporate instruments, and currencies.
    Min. Class Investment
    $1,000,000
    Class Inception Date
    07/01/13
    Fund Assets
    $97,681,423  As of  06/13/24
    Class Assets
    $74,095,993  As of  06/13/24
    Portfolio Turnover Rate
    123.10% As of fiscal year end  10/31/23
    Morningstar Category
    Nontraditional Bond
    Benchmark
    FTSE One-Month U.S. Treasury Bill Index
    Morningstar Overall Rating
    Fund Holdings
    137 As of 05/31/24
    AVERAGE EFFECTIVE MATURITY
    yr(s).  As of  05/31/24
    AVERAGE EFFECTIVE DURATION
    yr(s).   As of  05/31/24

    Morningstar Rating™ as of May 31, 2024 for the Class Y class shares; other classes may have different performance characteristics. Overall rating for the Nontraditional Bond category. Fund ratings are out of 5 Stars: Overall 3 Stars (279 funds rated); 3 Yrs. 2 Stars (279 funds rated); 5 Yrs. 2 Stars (249 funds rated); 10 Yrs. 3 Stars (176 funds rated).

    Yields and Expense Ratio

    30-DAY SEC YIELD
    as of 06/13/24
    ANNUALIZED
    DISTRIBUTION RATE
    as of 05/31/24
    PROSPECTUS FEE TABLE EXPENSE RATIO (%)
    as of 03/01/24
    Subsidized Unsubsidized Net Gross Contractual
    Fee Waiver End Date
    4.97 4.97 0.00 0.69 0.69 03/01/25

    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 Turnover Rate - It is a measure of how quickly securities in a fund are either bought or sold by the fund's managers, over a given period of time.

    Average Effective Maturity (AEM) - is a measure of maturity that takes into account the possibility that a bond might be called back by the issuer. For a portfolio of bonds, average effective maturity is the weighted average of the maturities of the underlying bonds.

    Average Effective Duration - It is used to measure the market price sensitivity of the fund’s portfolio holdings to changes in interest-rates. Duration is not a complete measure of bond risk and may not be successful.

    Portfolio Managers

    • Ella Hoxha

      Ella Hoxha

      Portfolio Manager, Newton Investment Management

      Managing Fund Since December 2023

      Joined Firm in July 2023

      Joined Industry in 2003

    • Scott Freedman

      Scott Freedman

      Portfolio Manager, Newton Investment Management

      Managing Fund Since April 2024

      Joined Firm in 2009

      Joined Industry in 2002

    • Howard Cunningham

      Howard Cunningham

      Portfolio Manager, Newton

      Managing Fund Since 2011

      Joined Firm in 2000

      Joined Industry in 1988


    Total Returns

    Average Annual
    As of 05/31/24
    Name 3 MO
    05/31/24
    YTD
    05/31/24
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Global Dynamic Bond Income Fund
    DGDYX
    0.19 0.48 2.49 -1.40 0.91 1.64 2.29
    FTSE One-Month U.S. Treasury Bill Index
    1.37 2.28 5.54 2.96 2.10 1.43 -
    Average Annual
    As of 03/31/24
    Name 3 MO
    03/31/24
    YTD
    03/31/24
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Global Dynamic Bond Income Fund
    DGDYX
    1.34 1.34 3.17 -0.83 1.33 1.83 2.39
    FTSE One-Month U.S. Treasury Bill Index
    1.36 1.36 5.40 2.65 2.00 1.34 -

    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 FTSE One-Month U.S.Treasury Bill Index consists of the last one-month Treasury bill month-end rates. The FTSE One-Month U.S. Treasury Bill Index measures return equivalents of yield averages. The instruments are not marked to market. Investors cannot invest directly in any index.

    The total return performance figures presented for Class Y shares of the fund represent the performance of the fund's Class A for periods prior to July 01, 2013, the inception date for Class Y shares, and the performance of Class Y, 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.

    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

    The total return performance figures presented for Class Y shares of the fund represent the performance of the fund’s Class A shares for periods prior to Jul 01, 2013, the inception date for Class Y shares, and the performance of Class Y, respectively, from that inception date. Performance reflects the applicable class’ sales load and distribution/servicing fees since the inception date. Had these fees and expenses been reflected for periods prior, performance would have been lower. Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

    Past performance is no guarantee of future results.

    Historical Performance

      The total return performance figures presented for Class Y shares of the fund represent the performance of the fund’s Class A shares for periods prior to Jul 01, 2013, the inception date for Class Y shares, and the performance of Class Y, respectively, from that inception date. Performance reflects the applicable class’ sales load and distribution/servicing fees since the inception date. Had these fees and expenses been reflected for periods prior, performance would have been lower. Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

      Not available for purchase by individual investors.

       

      Past performance is no guarantee of future results.

      Yearly Total Return

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


      Prospectus Fee Table Expense Ratios

      As of  03/01/24 Fee Description Expense Ratio (%)
      Management Fee 0.40%
      Other Expenses 0.28%
      Acquired Fund Fees & Expenses 0.01%
      Total Expenses 0.69%
      Net Expenses 0.69%
      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 March 1, 2025, 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 .80%. On or after March 1, 2025, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time. Because "acquired fund fees and expenses" are incurred indirectly by the fund, as a result of its investments in underlying funds, such fees and expenses are not included in the expense limitation.

      Portfolio Manager/Sub-Investment Adviser

      The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). BNYM Investment Adviser has engaged its affiliate, Newton Investment Management Limited (NIM), to serve as the fund's sub-adviser. NIM has entered into a sub-sub-investment advisory agreement with its affiliate, Newton Investment Management North America, LLC (NIMNA), to enable NIMNA to provide certain advisory services to NIM for the benefit of the fund. Ella Hoxha, Howard Cunningham and Scott Freedman are the fund's primary portfolio managers. Mr. Cunningham has been a primary portfolio manager of the fund since the fund's inception in 2011. Ms. Hoxha and Mr. Freedman have been primary portfolio managers of the fund since December 2023 and April 2024, respectively. Ms. Hoxha is head of the fixed-income team at NIM. Mr. Cunningham is a credit analyst and investment manager and serves as head of credit at NIM. Mr. Freedman is a portfolio manager and credit analyst and a member of the fixed-income team at NIM.

      Top Holdings

      As of 05/31/24

      Asset Allocation


          Daily Statistics

          As of 06/13/24 Name NAV Change 04/01/24  12 Month 
          High Nav
          10/19/23  12 Month 
          Low Nav
          YTD Return
          DGDYX
          $10.52
          $0.03
          0.29%
          $10.61 $10.11 0.38%

          Past performance is no guarantee of future results.

          Performance Metrics

          Overall Morningstar Rating


          MORNINGSTAR CATEGORY Nontraditional Bond


          Morningstar Rating™ as of 05/31/24 for the Class Y shares; other classes may have different performance characteristics. Overall rating for the Nontraditional Bond. Fund ratings are out of 5 Stars: Overall 3 Stars (279 funds rated); 3 Yrs. 2 Stars (279 funds rated); 5 Yrs. 2 Stars (249 funds rated); 10 Yrs. 3 Stars (176 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
            83 out of 90
          • 3 Year
            65 out of 87
          • 5 Year
            49 out of 80
          • 10 Year
            32 out of 59

          LIPPER CLASSIFICATION Alternative Credit Focus Funds


          Lipper Category returns and rankings as of 05/31/24, 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 declines.
          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.
          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.
          The use of derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in the underlying assets. Derivatives can be highlyvolatile, 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  05/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DGDYX
          5.09 -1.10 0.56 68.78 -0.91

          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
          Qtry (May, Aug, Nov, Dec)
          Distributed
          Qtry (May, Aug, Nov, Dec)
          Paid
          Qtry (May, Aug, Nov, Dec)
          Fiscal Year End
          Oct 31
          Month/Year Dividend ($)
          12/2023 0.0661
          12/2022 0.7240
          10/2022 0.1270
          07/2022 0.0650

          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
          12/18/23 12/19/23 12/19/23 0.0661 0.0000 0.0000 0.0000 0.0000 0.0661
          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
          12/19/22 12/20/22 12/20/22 0.7240 0.0000 0.0000 0.0000 0.0000 0.7240
          10/31/22 11/01/22 11/01/22 0.1270 0.0000 - 0.0000 0.0000 0.1270
          07/29/22 08/01/22 08/01/22 0.0650 0.0000 - 0.0000 0.0000 0.0650
          04/29/22 05/02/22 05/02/22 0.0400 0.0000 - 0.0000 0.0000 0.0400
          12/20/21 12/21/21 12/21/21 0.1181 0.0000 0.0000 0.0000 0.1562 0.2743
          10/29/21 11/01/21 11/01/21 0.0550 0.0000 - 0.0000 0.0000 0.0550
          12/18/20 12/21/20 12/21/20 0.1854 0.0190 0.0000 0.0000 0.0000 0.2044
          10/30/20 11/02/20 11/02/20 0.0894 0.0066 0.0000 0.0000 0.0000 0.0960
          07/31/20 08/03/20 08/03/20 0.0797 0.0103 0.0000 0.0000 0.0000 0.0900
          04/30/20 05/01/20 05/01/20 0.0811 0.0039 0.0000 0.0000 0.0000 0.0850
          12/27/19 12/30/19 12/30/19 0.2210 0.0000 0.0000 0.0000 0.0000 0.2210
          10/31/19 11/01/19 11/01/19 0.0960 0.0000 0.0000 0.0000 0.0000 0.0960
          07/31/19 08/01/19 08/01/19 0.1110 0.0000 0.0000 0.0000 0.0000 0.1110
          04/30/19 05/01/19 05/01/19 0.0776 0.0044 0.0000 0.0000 0.0000 0.0820
          12/26/18 12/27/18 12/27/18 0.3044 0.0025 0.0000 0.0000 0.0000 0.3069
          10/31/18 11/01/18 11/01/18 0.0877 0.0003 0.0000 0.0000 0.0000 0.0880
          07/31/18 08/01/18 08/01/18 0.0880 0.0000 0.0000 0.0000 0.0000 0.0880
          04/30/18 05/01/18 05/01/18 0.0490 0.0000 0.0000 0.0000 0.0000 0.0490
          12/27/17 12/28/17 12/28/17 0.0685 0.0115 0.0000 0.0000 0.0000 0.0800
          12/28/16 12/29/16 12/29/16 0.3128 0.0000 0.0043 0.0000 0.0000 0.3171
          10/31/16 11/01/16 11/01/16 0.0594 0.0026 0.0000 0.0000 0.0000 0.0620
          07/29/16 08/01/16 08/01/16 0.0536 0.0024 0.0000 0.0000 0.0000 0.0560
          12/29/15 12/30/15 12/30/15 0.1080 0.0000 0.0000 0.0000 0.0184 0.1264
          10/30/15 11/02/15 11/02/15 0.0510 0.0000 0.0000 0.0000 0.0000 0.0510
          07/31/15 08/03/15 08/03/15 0.0557 0.0003 0.0000 0.0000 0.0000 0.0560
          04/30/15 05/01/15 05/01/15 0.0943 0.0017 0.0000 0.0000 0.0000 0.0960
          12/29/14 12/30/14 12/30/14 0.2790 0.0000 0.0194 0.0000 0.0436 0.3420
          10/31/14 11/03/14 11/03/14 0.0900 0.0000 0.0000 0.0000 0.0000 0.0900
          04/30/14 05/01/14 05/01/14 0.0472 0.0058 0.0000 0.0000 0.0000 0.0530
          12/26/13 12/27/13 12/27/13 0.0730 0.0000 0.0000 0.0000 0.0000 0.0730
          10/31/13 11/01/13 11/01/13 0.0550 0.0000 0.0000 0.0000 0.0000 0.0550
          07/31/13 08/01/13 08/01/13 0.1064 0.0046 0.0000 0.0000 0.0000 0.1110
          See all rows...

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