BNY Mellon Equity Income Fund
BNY Mellon Investment Funds III · 4 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
BNY Mellon Equity Income Fund is an actively managed U.S. equity fund. 15% of DQIAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 95% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2025 Q3
The fund seeks total return (consisting of capital appreciation and income).
The fund invests at least 80% of assets in equity securities selected by a sub-adviser using a proprietary computer model combined with fundamental analysis to identify and rank stocks, with emphasis on dividend-paying companies across S&P 500 sectors and market segments. The sub-adviser may also hold low- or non-dividend-paying stocks to manage risk or for potential future dividend growth, and sells holdings when relative attractiveness deteriorates, valuations become excessive, or better opportunities emerge. Because security selection depends on the sub-adviser's model rankings and fundamental judgments, fund returns may diverge from broad equity market returns.
| Share class | Gross | Net |
|---|---|---|
| DQIAX | 1.02% | 1.02% |
| DQICX | 1.79% | 1.78% |
| DQIRX | 0.79% | 0.78% |
| DQIYX | 0.75% | 0.75% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 28.38% · as of 2025 Q3
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.43% |
| Cash & short-term | 0.55% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Information Technology | 33.9% |
| Financials | 12.8% |
| Communication Services | 12.0% |
| Consumer Discretionary | 7.4% |
| 9 smaller | 34.0% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +38.68% | +89.76% | +103.88% | 11.76% | -7.80% | |
| +37.61% | +85.51% | +96.42% | 11.73% | -7.95% | |
| +39.03% | +91.10% | +106.40% | 11.75% | -7.75% | |
| +39.09% | +91.39% | +106.75% | 11.72% | -7.74% |
These classes hold the same portfolio, so the 10.33pp spread over 5 years is the cost difference between them — roughly 2.07pp a year — not a difference in what they own.
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| NVDA | NVIDIA CORPNVDA | 7.24% | $211.14 | $169.61M | 803.3K |
| AAPL | APPLE INCAAPL | 6.20% | $312.06 | $145.31M | 465.6K |
| AVGO | BROADCOM INCAVGO | 5.29% | $446.77 | $123.87M | 277.3K |
| MSFT | MICROSOFT CORPMSFT | 4.53% | $450.24 | $106.18M | 235.8K |
| AMZN | AMAZON.COM INCAMZN | 3.49% | $270.64 | $81.86M | 302.5K |
| GOOGL | ALPHABET INCGOOGL | 3.17% | $380.34 | $74.16M | 195.0K |
| JPM | JP MORGAN CHASE & COMPANYJPM | 2.56% | $299.31 | $60.01M | 200.5K |
| GOOG | ALPHABET INCGOOG | 2.47% | $376.43 | $57.85M | 153.7K |
| VZ | VERIZON COMMUNICATIONS INCVZ | 2.25% | $47.81 | $52.72M | 1.1M |
| — | SEAGATE TECHNOLOGY HOLDINGS PLC | 2.24% | $879.80 | $52.48M | 59.6K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
Top 10 positions are 39.43% of net assets, top 25 63.56%, across 115 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
Sign in free