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    BNY Mellon Short Term Income Fund

    Why invest in this Fund?

    Effective May 6, 2022 (the "Effective Date"), the fund's policy to invest at least 80% of its net assets, plus any borrowings for investment purposes, in fixed-income securities of U.S. and foreign issuers rated investment grade or the unrated equivalent as determined by the fund's sub-adviser will be terminated. The fund, however, will continue to invest principally in fixed-income securities of U.S. and foreign issuers after the Effective Date. o pursue its goal, the fund normally invests principally in fixed-income securities of U.S. and foreign issuers. Typically, the fund's portfolio can be expected to have an average effective maturity and an average effective duration of three and one-half years or less.For additional yield, the fund may invest up to 35% of its assets in fixed-income securities rated 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
    $94,045,501  As of  09/22/23
    Class Assets
    $333,025  As of  09/22/23
    Portfolio Turnover Rate
    43.43% As of fiscal year end  07/31/22
    Morningstar Category
    Short-Term Bond
    Benchmark
    ICE BofA Merrill Lynch 1-5 Year U.S. Corporate/Government Index
    Fund Holdings
    296 As of 08/31/23
    AVERAGE EFFECTIVE MATURITY
    2.29 yr(s).  As of  08/31/23
    AVERAGE EFFECTIVE DURATION
    2.42 yr(s).   As of  08/31/23

     

    Portfolio Managers

    • David R. Bowser

      David R. Bowser, CFA

      Senior Portfolio Manager, Insight North America, LLC

      15 yr(s). on fund

    • Scott  Zaleski

      Scott Zaleski, CFA

      Senior Portfolio Manager, Insight North America, LLC

      4 yr(s). on fund

    • Gautam  Khanna

      Gautam Khanna

      Head of US Multi Sector Fixed Income,

      1 yr(s). on fund


    Total Returns

    Average Annual
    As of 08/31/23
    Name 3 MO
    08/31/23
    YTD
    08/31/23
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Short Term Income Fund
    BYSAX
    -1.90 -0.19 -0.59 -1.76 0.64 0.64 3.20
    ICE BofA Merrill Lynch 1-5 Year U.S. Corporate/Government Index
    0.06 1.88 1.21 -1.44 1.21 1.24 -
    Average Annual
    As of 06/30/23
    Name 3 MO
    06/30/23
    YTD
    06/30/23
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Short Term Income Fund
    BYSAX
    -2.71 -1.16 -1.16 -1.66 0.50 0.55 3.19
    ICE BofA Merrill Lynch 1-5 Year U.S. Corporate/Government Index
    -0.57 1.21 0.18 -1.52 1.17 1.18 -

    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 Merrill Lynch 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  12/01/22 Fee Description Expense Ratio (%)
      Management Fee 0.30%
      Service Fee 0.25%
      Other Expenses 0.38%
      Total Expenses 0.93%
      Expenses Reimbursed 0.28%
      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, 2023, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of its classes (excluding shareholder services fees, taxes, interest, brokerage Commissions, commitment fees on borrowings and extraordinary expenses) exceed 0.40%.  On or after December 1, 2023, 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 Gautam Khanna, CFA are the fund's primary portfolio managers, positions they have held since July 2008, July 2019 and May2022, respectively. Messrs. Bowser, Zaleski and Khanna are senior portfolio managers at INA.

      Top Holdings

      As of 08/31/23

      Asset Allocation


          Daily Statistics

          As of 09/22/23 Name 30-Day Sec Yield
          (WITHOUT WAIVER)
          30-Day Sec Yield
          (WITH WAIVER)
          NAV Change 02/02/23  12 Month 
          High Nav
          10/20/22  12 Month 
          Low Nav
          YTD Return
          BYSAX
          3.91% 4.24% $9.38
          $0.01
          0.11%
          $9.59 $9.27 1.92%

          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.

          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.

          Dividend Schedule

          Declared
          Daily
          Distributed
          Monthly
          Paid
          Monthly
          Fiscal Year End
          Jul 31
          Annualized Distribution Rate
          3.48%
          As of  08/2023

          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 ($)
          08/2023 0.028587121
          07/2023 0.023461779
          06/2023 0.023734910
          05/2023 0.028586190
          04/2023 0.023953705
          03/2023 0.025628626
          02/2023 0.021928841
          01/2023 0.024013580
          12/2022 0.021728597
          11/2022 0.023856792
          10/2022 0.022303065
          09/2022 0.020592193

          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
          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.