Please ensure Javascript is enabled for purposes of website accessibility

    BNY Mellon Short Term Income Fund

    Overview

    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
    08/18/92
    Fund Assets
    $94,045,501  As of  09/22/23
    Class Assets
    $87,415,518  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
    Morningstar Overall Rating
    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

    Morningstar Rating™ as of August 31, 2023 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 (488 funds rated); 10 Yrs. 2 Stars (354 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

    • 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
    Performance

    Total Returns

    Month End

    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
    DSTIX
    		0.61 2.77 2.43 -0.77 1.24 0.93 3.30
    ICE BofA Merrill Lynch 1-5 Year U.S. Corporate/Government Index
    		0.06 1.88 1.21 -1.44 1.21 1.24 -

    Quarter End

    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
    DSTIX
    		-0.22 1.77 1.72 -0.71 1.09 0.85 3.29
    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.


    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.

      Monthly

      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.

      Yearly

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

      Fees & Expenses

      Prospectus Fee Table Expense Ratios

      As of  12/01/22 Fee Description Expense Ratio (%)
      Management Fee 0.30%
      Service Fee 0.20%
      Other Expenses 0.61%
      Total Expenses 1.11%
      Expenses Reimbursed 0.51%
      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, 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.
      Portfolio

      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

      Download Total Holdings
      As of 08/31/23

      Asset Allocation

          Stats & Risks

          Daily Statistics

          As of 09/22/23 Name 30-Day Sec Yield
          (WITHOUT WAIVER)           		30-Day Sec Yield
          (WITH WAIVER)           		NAV Change 05/04/23  12 Month 
          High Nav           		10/20/22  12 Month 
          Low Nav           		YTD Return
          DSTIX
          		4.10% 4.40% $9.42
          $0.01
          0.11%
          		$9.60 $9.27 2.46%

          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 Short-Term Bond

          Morningstar Rating™ as of 08/31/23 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 (488 funds rated); 10 Yrs. 2 Stars (354 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
            187 out of 381
          • 3 Year
            261 out of 347
          • 5 Year
            190 out of 313
          • 10 Year
            182 out of 229

          LIPPER CLASSIFICATION Short Investment Grade Debt 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.

          Risk Metrics

          As of  08/31/23  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DSTIX
          		2.72 -0.16 0.40 82.35 -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.

          Distributions

          Dividend Schedule

          Declared
          Daily
          Distributed
          Monthly
          Paid
          Monthly
          Fiscal Year End
          Jul 31
          Annualized Distribution Rate
          3.61%
          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 0.029041188
          07/2023 0.023986307
          06/2023 0.024674879
          05/2023 0.030371053
          04/2023 0.024394878
          03/2023 0.028358367
          02/2023 0.022992426
          01/2023 0.025637778
          12/2022 0.023520678
          11/2022 0.023091355
          10/2022 0.021455284
          09/2022 0.019839015

          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
          12/01/21 12/02/21 12/02/21 0.0000 0.0000 0.0074 0.0000 0.0000 0.0074 10.18
          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
          12/02/20 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

          Literature

          Factsheet, Prospectus and Reports

          • Download
          • Share
          • Subscribe
          • Order
          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.