BNY Mellon Equity Income Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, BNY Mellon Equity Income Fund held 116 positions with $2.34B in net assets. Its ten largest holdings made up 39.4% of the fund. The DQIAX share class costs 1.02% a year. Over the 12 months to May 2026, DQIAX returned 34.9%, with dividends reinvested. In 2026 Q2 it added 15 new positions and exited 11.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA CORP | 7.24% | $169.61M | 803.3K | $211.14 |
AAPLAPPLE INC | 6.20% | $145.31M | 465.6K | $312.06 |
AVGOBROADCOM INC | 5.29% | $123.87M | 277.3K | $446.77 |
MSFTMICROSOFT CORP | 4.53% | $106.18M | 235.8K | $450.24 |
AMZNAMAZON.COM INC | 3.49% | $81.86M | 302.5K | $270.64 |
GOOGLALPHABET INC | 3.17% | $74.16M | 195.0K | $380.34 |
2.56% | $60.01M | 200.5K | $299.31 | |
GOOGALPHABET INC | 2.47% | $57.85M | 153.7K | $376.43 |
2.25% | $52.72M | 1.1M | $47.81 | |
SEAGATE TECHNOLOGY HOLDINGS PLC | 2.24% | $52.48M | 59.6K | $879.80 |
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.
All 116 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.43% |
| Cash & short-term | 0.55% |
By sector
- Information Technology
- 33.9%
- Financials
- 12.8%
- Communication Services
- 12.0%
- Consumer Discretionary
- 7.4%
- 9 other sectors
- 34.0%
- Information Technology
- 33.9%
- Financials
- 12.8%
- Communication Services
- 12.0%
- Consumer Discretionary
- 7.4%
- Consumer Staples
- 6.3%
- Health Care
- 6.0%
- Industrials
- 4.9%
- Energy
- 4.5%
- International
- 4.4%
- Utilities
- 3.2%
- Materials
- 2.8%
- Real Estate
- 1.4%
- Cash
- 0.5%
How it has done
DQIAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 10.93%. Past returns are a record, not a forecast.
The 4 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.02% | +34.91% | +99.42% | +107.77% | -7.80% | |
| 1.78% | +33.93% | +95.00% | +100.13% | -7.95% | |
| 0.78% | +35.27% | +100.81% | +110.23% | -7.75% | |
| 0.75% | +35.30% | +101.10% | +110.61% | -7.74% |
These classes hold the same portfolio, so the 10.48pp spread over 5 years is the cost difference between them — roughly 2.10pp a year — not a difference in what they own.
Fees & fund details
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
- Expense ratio, by class
- 0.75% – 1.78%· DQIAX 1.02%
- Portfolio turnover
- 28.38% a year · as of 2025 Q3
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
15 new· the largest 8
11 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — DQIAX, QQQ and the fund in my 401(k)?”
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