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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
    05/06/22
    Fund Assets
    $98,779,378  As of  03/27/24
    Class Assets
    $211,771  As of  03/27/24
    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
    Fund Holdings
    300 As of 02/29/24
    AVERAGE EFFECTIVE MATURITY
    3.11 yr(s).  As of  02/29/24
    AVERAGE EFFECTIVE DURATION
    2.48 yr(s).   As of  02/29/24
    Yield To Maturity
    5.95 %  As of 02/29/24

    Yields and Expense Ratio

    30-DAY SEC YIELD
    as of 03/27/24
    ANNUALIZED
    DISTRIBUTION RATE
    as of 02/29/24
    PROSPECTUS FEE TABLE EXPENSE RATIO (%)
    as of 12/01/23
    Subsidized Unsubsidized Net Gross Contractual
    Fee Waiver End Date
    4.24 3.86 3.79 0.65 0.94 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 02/29/24
    Name 3 MO
    02/29/24
    YTD
    02/29/24
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Short Term Income Fund
    BYSAX
    -0.71 -2.44 2.60 -1.05 0.98 0.79 3.25
    ICE BofA 1-5 Year U.S. Corporate/Government Index
    1.33 -0.24 4.62 -0.55 1.36 1.36 -
    Average Annual
    As of 12/31/23
    Name 3 MO
    12/31/23
    YTD
    12/31/23
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Short Term Income Fund
    BYSAX
    0.87 2.89 2.89 -1.12 1.22 0.83 3.27
    ICE BofA 1-5 Year U.S. Corporate/Government Index
    3.34 4.89 4.89 -0.60 1.55 1.46 -

    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.

    The total return performance figures presented for Class A shares of the fund represent the performance of the fund's Class D for periods prior to May 06, 2022, the inception date for Class A shares, and the performance of Class A, 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

    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.

      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.

      Investment return fluctuates and 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 0.25%
      Other Expenses 0.39%
      Total Expenses 0.94%
      Expenses Reimbursed 0.29%
      Net Expenses 0.65%
      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.

      Sales Charge

      There is a 1% CDSC for purchases of $1,000,000 and over if redeemed within one year of purchase.


      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 02/29/24

      Asset Allocation


          Daily Statistics

          As of 03/27/24 Name NAV Change 02/01/24  12 Month 
          High Nav
          10/18/23  12 Month 
          Low Nav
          YTD Return
          BYSAX
          $9.60
          $0.01
          0.10%
          $9.64 $9.31 0.79%

          Past performance is no guarantee of future results.

          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  02/29/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          BYSAX
          3.12 -0.73 0.38 86.18 -0.99

          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

          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 ($)
          02/2024 0.029568209
          01/2024 0.030021545
          12/2023 0.031958340
          11/2023 0.029282304
          10/2023 0.030873563
          09/2023 0.027340796
          08/2023 0.028587121
          07/2023 0.023461779
          06/2023 0.023734910
          05/2023 0.028586190
          04/2023 0.023953705
          03/2023 0.025628626

          All figures as of month-end. Dividend history does not reflect any capital gains that may have been paid

          Literature

          Factsheet, Prospectus and Reports

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          Summary Prospectus Download
          Summary Prospectus Download
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          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.

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