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    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
    $1,000,000
    Class Inception Date
    05/06/22
    Class Status
    Not available for purchase by individual investors.
    Fund Assets
    $107,833,099  As of  05/26/23
    Class Assets
    $48,833  As of  05/26/23
    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 04/30/23
    AVERAGE EFFECTIVE MATURITY
    2.36 yr(s).  As of  04/30/23
    AVERAGE EFFECTIVE DURATION
    2.42 yr(s).   As of  04/30/23

     

    Portfolio Managers

    • David R. Bowser

      David R. Bowser, CFA

      Senior Portfolio Manager, Insight North America, LLC

      14 yr(s). on fund
    • Scott Zaleski

      Scott Zaleski, CFA

      Senior Portfolio Manager, Insight North America, LLC

      3 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 04/30/23
    Name 3 MO
    04/30/23     		YTD
    04/30/23     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Short Term Income Fund
    BYSYX
    		0.95 2.74 1.53 0.50 1.24 0.84 3.34
    ICE BofA Merrill Lynch 1-5 Year U.S. Corporate/Government Index
    		1.10 2.31 1.13 -0.86 1.48 1.18 -

    Quarter End

    Average Annual
    As of 03/31/23
    Name 3 MO
    03/31/23     		YTD
    03/31/23     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Short Term Income Fund
    BYSYX
    		2.03 2.03 -0.38 1.11 1.05 0.81 3.33
    ICE BofA Merrill Lynch 1-5 Year U.S. Corporate/Government Index
    		1.79 1.79 -0.38 -0.73 1.32 1.16 -

    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.

    Growth of $10,000 Investment

    Historical Performance

      Not available for purchase by individual investors.

      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%
      Other Expenses 0.42%
      Total Expenses 0.72%
      Expenses Reimbursed 0.32%
      Net Expenses 0.40%
      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 04/30/23

      Asset Allocation

          Stats & Risks

          Daily Statistics

          As of 05/26/23 Name 30-Day Sec Yield
          (WITHOUT WAIVER)           		30-Day Sec Yield
          (WITH WAIVER)           		NAV Change 06/01/22  12 Month 
          High Nav           		10/20/22  12 Month 
          Low Nav           		YTD Return
          BYSYX
          		4.11% 4.39% $9.45
          -$0.01
          -0.11%
          		$9.67 $9.28 1.75%

          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.
          Distributions

          Dividend Schedule

          Declared
          Daily
          Distributed
          Monthly
          Paid
          Monthly
          Fiscal Year End
          Jul 31
          Annualized Distribution Rate
          3.67%
          As of  04/2023

          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 ($)
          04/2023 0.026962672
          03/2023 0.028501792
          02/2023 0.024774992
          01/2023 0.027305344
          12/2022 0.025094432
          11/2022 0.024618176
          10/2022 0.023042272
          09/2022 0.021392800
          08/2022 0.020242816
          07/2022 0.010276288
          06/2022 0.012494944
          05/2022 0.014996256

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

          Literature

          Literature

          Factsheet, Prospectus and Reports

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          Factsheet Download
          Prospectus Download
          Summary Prospectus Download
          Summary Prospectus Download
          SAI Download
          Annual Report Download
          Semi Annual Report Download
          1Q Fiscal Holdings Download
          3Q Fiscal Holdings Download