BNY Mellon Personal Bond 2025 Fund 

This fund aims to provide investors with both current income and long-term capital appreciation. It employs an active management approach, constructing a diversified portfolio that includes equities, fixed-income instruments, and money market securities. The management team seeks to identify and capitalize on investment opportunities that arise from perceived mispricings in the market. Typically, the fund allocates a significant portion—between 45% and 70%—of its total assets to stocks and other equity-linked securities. Under normal market conditions, 30% to 55% of the portfolio is dedicated to fixed-income investments. The fund also maintains the flexibility to invest up to 15% of its total assets in equity-related securities issued by smaller companies.