Fund Evaluator:
BNY Mellon Asset Allocation Inv (MIBLX)
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Best Performing in Moderate Allocation Over the Last Year
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Fund Details
BNY Mellon Asset Allocation Inv Overview
BNY Mellon Asset Allocation Inv (MIBLX) is an actively managed Allocation Moderate Allocation fund. BNY Mellon Funds launched the fund in 2001.
The investment seeks long-term growth of principal in conjunction with current income. The advisor currently intends to allocate its assets, directly and/or through investment in the underlying funds, to gain investment exposure to the following asset classes: Large Cap Equities, Small Cap and Mid Cap Equities, Developed International and Global Equities, Emerging Markets Equities, Investment Grade Bonds, High Yield Bonds, Emerging Markets Debt, Diversifying Strategies and Money Market Instruments. The fund may invest in both individual securities and other investment companies.
About BNY Mellon Asset Allocation Inv (MIBLX)
There are 5 members of the management team with an average tenure of 1.71 years: Brendan Murphy (2026), Donald Sauber (2025), Michael Mongelluzzo (2019), Craig Prokopchak (2025), Kevin Shea (2026). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and S&P 500 (TR) (1970) index with a weighting of 100%. BNY Mellon Asset Allocation Inv has 580 securities in its portfolio. The top 10 holdings constitute 43.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
BNY Mellon Asset Allocation Inv is part of the Allocation global asset class and is within the Allocation fund group. BNY Mellon Asset Allocation Inv has 22.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 54.6%. There is 20.7% allocated to foreign stock, and 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 22.3% (20.5% domestic bond, 1.8% foreign bond and 0.0% convertible bond). BNY Mellon Asset Allocation Inv has 2.1% of the portfolio in cash.
Assets Under Management
The fund has $12 million in total assets, which is below the $2 billion average for the Moderate Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MIBLX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The BNY Mellon Asset Allocation Inv expense ratio is high compared to funds in the Moderate Allocation category. BNY Mellon Asset Allocation Inv has an expense ratio of 1.12%, which is 13% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. BNY Mellon Asset Allocation Inv has a portfolio turnover rate of 27%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 52% for the Moderate Allocation category.
Recently, in the month of June 2026, BNY Mellon Asset Allocation Inv returned 0.2%, which earned it a grade of C, as the Moderate Allocation category had an average return of 0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
BNY Mellon Asset Allocation Inv has a trailing yield of 2.62%, which is above the 1.97% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
BNY Mellon Asset Allocation Inv Grades
Year to date, the fund has returned 7.8%, 1.1 percentage points better than the category, which translates into a grade of B. The fund has returned 16.3% over the past year (grade of B), 13.8% over the past three years (grade of B) and 7.1% per year over the past five years (grade of C) and 9.2% per year over the past 10 years (grade of C).
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MIBLX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MIBLX Return (NAV) | 0.2% | 10.2% | 16.3% | 13.8% | 7.1% | 9.2% |
| MIBLX Grade | C | A | B | B | C | C |
| +/- Category | 0.2% | 2.0% | 2.1% | 0.9% | 0.2% | 0.5% |
| Moderate Allocation Avg | 0.1% | 8.3% | 14.2% | 12.9% | 6.9% | 8.7% |
| MIBLX Tax Cost Ratio | na | na | 1.8% | 1.3% | 1.6% | 1.4% |
MIBLX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MIBLX Return (NAV) | 7.8% | 14.5% | 13.1% | 14.4% | -15.9% | 15.7% | 14.5% | 19.9% | -7.2% | 16.7% | 5.9% |
| MIBLX Grade | B | B | B | C | D | B | B | C | D | A | D |
| +/- Category | 1.1% | 1.2% | 0.9% | -0.0% | -1.9% | 1.4% | 1.6% | 0.1% | -2.1% | 3.0% | -1.8% |
| Moderate Allocation Avg | 6.7% | 13.3% | 12.2% | 14.4% | -14.0% | 14.4% | 12.8% | 19.8% | -5.1% | 13.7% | 7.7% |
| Risk Measures | |
| Standard Deviation: | 9.9% |
| Total Risk Index: | 0.82 - Average |
| Category Risk Index: | 1.08 - High |
| Category Risk Grade: | F (93% Rank) |
| Beta: | 1.02 |
| R-Squared: | 91% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 2.6% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $471 Mil |
| Fund Total Assets: | $ 13 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 27% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 6.6 years | |||
| Average Tenure: 1.7 years | |||
| Managers (Year): Mongelluzzo Michael (2019), Sauber Donald (2025), Prokopchak Craig (2025), Murphy Brendan (2026), Shea Kevin (2026) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 580 |
| % in Top 10 Holdings: | 43.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 22.5% |
Portfolio Allocation |
|
| Domestic Stock: | 54.6% |
| Foreign Stock: | 20.7% |
| Preferred Stock: | 0.2% |
| Domestic Bond: | 20.5% |
| Foreign Bond: | 1.8% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.1% |
Purchase Information
| Fund Family: | BNY Mellon Funds |
| Phone Number: | 800-373-9387 |
| Website: | www.bnymellon.com |
| Status: | Open |
| Inception Date: | July 11, 2001 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.12% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.99% |
| Share Class: | BNY Mellon Asset Allocation M |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
