BNY Mellon Equity Income Fund (Class A at NAV) returned 0.33% during Q1 2026. In comparison, the fund's benchmark, the S&P 500 Index, returned -4.33% for the same period.
On a sector basis, security selection in energy, health care, and communication services were among the positive contributors, offset by weaker selection in industrials.
The fund maintained a modest overweight in financials, energy, and communication services, and a modest underweight in industrials, consumer discretionary, and technology.
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Market Review
Equity performance was broadly negative across developed and emerging markets. Heightened geopolitical tensions involving Iran, and the subsequent spike in oil prices, weighed on risk sentiment despite resilient, albeit slowing, global growth and moderating inflation. The S&P 500® Index
