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    BNY Mellon Short Term Income Fund

    Why invest in this Fund?

    The fund seeks to maximize total return, consisting of capital appreciation and current income. To pursue its goal, the fund normally invests principally in fixed-income securities of U.S. and foreign issuers. These securities include: U.S. government bonds and notes, corporate bonds, municipal securities (limited to up to 25% of the fund's net assets), convertible securities, preferred stocks, inflation-indexed securities, asset-backed securities, mortgage-related securities (including CMOs), floating rate loans (limited to up to 20% of the fund's net assets) and other floating rate securities and foreign bonds. Typically, the fund's portfolio can be expected to have a dollar-weighted average maturity and an average effective duration of three years or less. The fund invests primarily in fixed-income securities rated, at the time of purchase, investment grade or the unrated equivalent as determined by the fund's sub-adviser. For additional yield, the fund may invest up to 35% of its net assets in fixed-income securities rated, at the time of purchase, below investment grade ("high yield" or "junk" bonds) to as low as Caa/CCC or the unrated equivalent as determined by the fund's sub-adviser.
    Min. class investment
    $1,000
    Class Inception Date
    08/18/92
    Fund Assets
    $95,539,075  As of  05/24/24
    Class Assets
    $89,479,764  As of  05/24/24
    Portfolio Turnover Rate
    46.00% As of fiscal year end  07/31/23
    Morningstar Category
    Short-Term Bond
    Benchmark
    ICE BofA 1-5 Year U.S. Corporate/Government Index
    Morningstar Overall Rating
    Fund Holdings
    311 As of 04/30/24
    AVERAGE EFFECTIVE MATURITY
    3.20 yr(s).  As of  04/30/24
    AVERAGE EFFECTIVE DURATION
    2.48 yr(s).   As of  04/30/24
    Yield To Maturity
    6.62 %  As of 04/30/24

    Morningstar Rating™ as of April 30, 2024 for the Class D class shares; other classes may have different performance characteristics. Overall rating for the Short-Term Bond category. Fund ratings are out of 5 Stars: Overall 3 Stars (532 funds rated); 3 Yrs. 3 Stars (532 funds rated); 5 Yrs. 3 Stars (492 funds rated); 10 Yrs. 2 Stars (358 funds rated).

    Yields and Expense Ratio

    30-DAY SEC YIELD
    as of 05/24/24
    ANNUALIZED
    DISTRIBUTION RATE
    as of 04/30/24
    PROSPECTUS FEE TABLE EXPENSE RATIO (%)
    as of 12/01/23
    Subsidized Unsubsidized Net Gross Contractual
    Fee Waiver End Date
    4.76 4.40 3.92 0.60 0.91 12/01/24

    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.

    Yield to Maturity (YTM) - is the expected annual rate of return earned on a bond assuming the debt security is held until maturity.

    Portfolio Managers

    • David R. Bowser

      David R. Bowser, CFA

      Senior Portfolio Manager, Insight North America, LLC

      Managing Fund Since 2008

      Joined Firm in 2000

      Joined Industry in 1987

    • Scott  Zaleski

      Scott Zaleski, CFA

      Senior Portfolio Manager, Insight North America, LLC

      Managing Fund Since 2019

      Joined Firm in 2014

      Joined Industry in 1990

    • James DiChiaro

      James DiChiaro

      Senior Portfolio Manager,

      Managing Fund Since November 2023

      Joined Firm in 1999

      Joined Industry in 1998


    Total Returns

    Average Annual
    As of 04/30/24
    Name 3 MO
    04/30/24
    YTD
    04/30/24
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Short Term Income Fund
    DSTIX
    -0.40 0.02 3.43 -0.11 1.40 1.08 3.33
    ICE BofA 1-5 Year U.S. Corporate/Government Index
    -0.90 -0.51 2.00 -0.68 1.07 1.33 -
    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 Short Term Income Fund
    DSTIX
    0.64 0.64 4.67 0.19 1.59 1.17 3.36
    ICE BofA 1-5 Year U.S. Corporate/Government Index
    0.20 0.20 3.26 -0.36 1.26 1.44 -

    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 ICE BofA 1-5 Year U.S. Corporate/Government Index tracks the performance of U.S. dollar-denominated investment-grade debt publicly issued in the U.S. domestic market, including U.S. Treasury, U.S. agency, foreign government, supranational and corporate securities, including all securities with a remaining term to final maturity less than five years. Investors cannot invest directly in any index.


    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

    Past performance is no guarantee of future results.

    Historical Performance

      Past performance is no guarantee of future results.


      Prospectus Fee Table Expense Ratios

      As of  12/01/23 Fee Description Expense Ratio (%)
      Management Fee 0.30%
      Service Fee 0.20%
      Other Expenses 0.41%
      Total Expenses 0.91%
      Expenses Reimbursed 0.31%
      Net Expenses 0.60%
      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 December 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 shareholder services fees, taxes, interest expense, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed .40%. On or after December 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 (INA), an affiliate of BNYM Investment Adviser. David Bowser, CFA, Scott Zaleski, CFA and James DiChiaro are the fund's primary portfolio managers, positions they have held since July 2008, July 2019 and November 2023, respectively. Messrs. Bowser and DiChiaro are senior portfolio managers at INA. Mr. Zaleski is Head of US Multi-Sector Fixed Income at INA.

      Top Holdings

      As of 04/30/24

      Asset Allocation


          Daily Statistics

          As of 05/24/24 Name NAV Change 02/01/24  12 Month 
          High Nav
          10/17/23  12 Month 
          Low Nav
          YTD Return
          DSTIX
          $9.59
          $0.00
          0.00%
          $9.68 $9.35 0.96%

          Past performance is no guarantee of future results.

          Performance Metrics

          Overall Morningstar Rating


          MORNINGSTAR CATEGORY Short-Term Bond


          Morningstar Rating™ as of 04/30/24 for the Class D shares; other classes may have different performance characteristics. Overall rating for the Short-Term Bond. Fund ratings are out of 5 Stars: Overall 3 Stars (532 funds rated); 3 Yrs. 3 Stars (532 funds rated); 5 Yrs. 3 Stars (492 funds rated); 10 Yrs. 2 Stars (358 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
            274 out of 379
          • 3 Year
            273 out of 355
          • 5 Year
            206 out of 326
          • 10 Year
            198 out of 241

          LIPPER CLASSIFICATION Short Investment Grade Debt Funds


          Lipper Category returns and rankings as of 04/30/24, 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 decline.

          Risk Metrics

          As of  04/30/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DSTIX
          3.10 -0.73 0.38 87.51 -1.08

          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
          Jul 31
          Month/Year Dividend ($)
          04/2024 0.030734276
          03/2024 0.030594509
          02/2024 0.030052257
          01/2024 0.030712251
          12/2023 0.032491463
          11/2023 0.029771754
          10/2023 0.031392743
          09/2023 0.027807962
          08/2023 0.029041188
          07/2023 0.023986307
          06/2023 0.024674879
          05/2023 0.030371053

          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
          12/01/21 12/02/21 12/02/21 0.0000 0.0000 0.0074 0.0000 0.0000 0.0074
          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
          12/02/20 12/03/20 12/03/20 0.0000 0.0000 0.0213 0.0000 0.0000 0.0213
          12/03/18 12/04/18 12/04/18 0.0000 0.0000 0.0790 0.0000 0.0000 0.0790
          12/04/17 12/05/17 12/05/17 0.0000 0.0000 0.0400 0.0000 0.0000 0.0400
          12/04/13 12/05/13 12/05/13 0.0000 0.0000 0.0089 0.0000 0.0000 0.0089
          12/05/12 12/06/12 12/06/12 0.0000 0.0000 0.0237 0.0000 0.0000 0.0237
          12/20/07 12/21/07 12/21/07 0.0000 0.0000 0.0065 0.0000 0.0000 0.0065
          12/21/05 12/22/05 12/22/05 0.0000 0.0000 0.0150 0.0000 0.0000 0.0150
          12/21/04 12/22/04 12/22/04 0.0000 0.0000 0.0090 0.0000 0.0000 0.0090
          12/19/03 12/22/03 12/22/03 0.0000 0.0000 0.0069 0.0000 0.0000 0.0069
          12/29/92 12/30/92 12/31/92 0.0000 0.0000 0.0240 0.0000 0.0000 0.0240

          Literature

          Factsheet, Prospectus and Reports

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          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.

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