BNY Mellon Equity Income Fund outperforms benchmark in Q4 2025.

BNY Mellon Equity Income Fund outperforms benchmark in Q4 2025. The fund returned 2.86% during the fourth quarter, surpassing the S&P 500 Index's 2.66% return. Cooling inflation, resilient economic growth and improving corporate earnings visibility drove investor confidence across global equities despite geopolitical uncertainties. Strong security selection in financials and technology sectors boosted performance, while staples and communication services lagged. Cisco emerged as a top performer, driven by surging artificial intelligence infrastructure demand, delivering 7.6% year-over-year revenue growth and 13.8% EPS growth with positive forward guidance. The fund maintains a strategic tilt toward less expensive, higher quality securities with positive earnings momentum, positioning it well for the current market environment and economic outlook.