BNY Mellon Short Term Income Fund
- TICKER BYSYX
- Fund Code 0581
- CUSIP 05600G800
- SHARE CLASS
-
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Why invest in this Fund?
Morningstar Rating™ as of October 31, 2023 for the Class Y 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 (535 funds rated); 3 Yrs. 3 Stars (535 funds rated); 5 Yrs. 3 Stars (484 funds rated); 10 Yrs. 2 Stars (349 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, CFA
Senior Portfolio Manager, Insight North America, LLC
15 yr(s). on fund
-
Scott Zaleski, CFA
Senior Portfolio Manager, Insight North America, LLC
4 yr(s). on fund
-
Gautam Khanna
Head of US Multi Sector Fixed Income,
1 yr(s). on fund
-
James DiChiaro
Senior Portfolio Manager,
Since November 2023
Total Returns
Month End
Average Annual As of 11/30/23 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 11/30/23 |
YTD 11/30/23 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Short Term Income Fund
BYSYX |
1.42 | 4.48 | 4.65 | -0.36 | 1.67 | 1.00 | 3.33 |
Quarter End
Average Annual As of 09/30/23 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 09/30/23 |
YTD 09/30/23 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Short Term Income Fund
BYSYX |
0.59 | 2.57 | 4.03 | -0.75 | 1.23 | 0.87 | 3.29 |
ICE BofA Merrill Lynch 1-5 Year U.S. Corporate/Government Index
|
0.29 | 1.50 | 2.73 | -1.56 | 1.17 | 1.14 | - |
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 Y 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 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
Past performance is no guarantee of future results.
Historical Performance
Not available for purchase by individual investors.
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.
Prospectus Fee Table Expense Ratios
As of 12/01/23 Fee Description | Expense Ratio (%) |
---|---|
Management Fee | 0.30% |
Other Expenses | 0.39% |
Total Expenses | 0.69% |
Expenses Reimbursed | 0.29% |
Net Expenses | 0.40% |
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
Asset Allocation
Daily Statistics
As of 12/01/23 Name |
30-Day Sec Yield (WITHOUT WAIVER) |
30-Day Sec Yield (WITH WAIVER) |
NAV | Change |
05/04/23 12 Month High Nav |
10/18/23 12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|---|---|
BYSYX
|
4.43% | 4.73% | $9.55 |
$0.03
0.32%
|
$9.61 | $9.35 | 4.84% |
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 10/31/23 for the Class Y 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 (535 funds rated); 3 Yrs.
3 Stars (535 funds rated); 5 Yrs.
3 Stars (484 funds rated); 10 Yrs.
2 Stars (349 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
175 out of 382 -
3 Year
out of -
5 Year
out of -
10 Year
out of
LIPPER CLASSIFICATION Short Investment Grade Debt Funds
Main Risks
Risk Metrics
As of 10/31/23 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
---|---|---|---|---|---|
BYSYX
|
2.80 | 0.16 | 0.40 | 82.42 | -1.06 |
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
As of 11/2023
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 ($) |
---|---|
11/2023 | 0.031326416 |
10/2023 | 0.033033968 |
09/2023 | 0.029299424 |
08/2023 | 0.030691408 |
07/2023 | 0.025539712 |
06/2023 | 0.026242480 |
05/2023 | 0.032135664 |
04/2023 | 0.026962672 |
03/2023 | 0.028501792 |
02/2023 | 0.024774992 |
01/2023 | 0.027305344 |
12/2022 | 0.025094432 |
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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