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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
    $102,884,282  As of  12/01/23
    Class Assets
    $49,314  As of  12/01/23
    Portfolio Turnover Rate
    46.00% As of fiscal year end  07/31/23
    Morningstar Category
    Short-Term Bond
    Benchmark
    ICE BofA Merrill Lynch 1-5 Year U.S. Corporate/Government Index
    Morningstar Overall Rating
    Fund Holdings
    293 As of 10/31/23
    AVERAGE EFFECTIVE MATURITY
    2.17 yr(s).  As of  10/31/23
    AVERAGE EFFECTIVE DURATION
    2.44 yr(s).   As of  10/31/23

    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

      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
    • James DiChiaro

      James DiChiaro

      Senior Portfolio Manager,

      Since November 2023
    Performance

    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.

      Fees & Expenses

      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%
      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.
      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, Gautam Khanna, CFA and James DiChiaro are the fund's primary portfolio managers, positions they have held since July 2008, July 2019, May 2022 and November 2023, respectively. Messrs. Bowser, Zaleski, Khanna and DiChiaro are senior portfolio managers at INA.

      Top Holdings

      Download Total Holdings
      As of 10/31/23

      Asset Allocation

          Stats & Risks

          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

          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  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.

          Distributions

          Dividend Schedule

          Declared
          Daily
          Distributed
          Monthly
          Paid
          Monthly
          Fiscal Year End
          Jul 31
          Annualized Distribution Rate
          4.00%
          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

          Literature

          Factsheet, Prospectus and Reports

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          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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