M&A - BNY Mellon Absolute Insight Funds, Inc.

Form Type: N-CSR

Filing Date: 2025-06-27

Corporate Action: Merger

Type: Update

Accession Number: 000163529525000007

Filing Summary: This document details the annual shareholder report for BNY Mellon Core Plus Fund for the period ending April 30, 2025. A significant event occurred on March 28, 2025, when BNY Mellon U.S. Mortgage Fund's assets were merged into the BNY Mellon Core Plus Fund in a tax-free exchange. This merger involved transferring assets from the Acquired Fund to the Core Plus Fund, aimed at combining two funds with similar investment objectives. The report includes performance metrics for the fund over the last year, showing a return of 7.86% for Class A shares compared to 8.02% for the Bloomberg U.S. Aggregate Bond Index. It discusses the impact of market conditions on performance, highlighting areas of strength and weakness in the fund's strategy, including security selections in capital goods and the challenges faced due to lower commodity prices. The total fund size is reported at $2,421 million with 617 holdings, and the document emphasizes that past performance is not indicative of future results.

Form Type: N-CSRS

Filing Date: 2024-12-30

Corporate Action: Merger

Type: New

Accession Number: 000163529524000030

Filing Summary: The document pertains to a semi-annual shareholder report for BNY Mellon Core Plus Fund, revealing an important planned reorganization. The Fund's Board has approved an Agreement and Plan of Reorganization between the BNY Mellon U.S Mortgage Fund (the 'Acquired Fund') and BNY Mellon Core Plus Fund (the 'Acquiring Fund'). The plan involves transferring the Acquired Fund's assets to the Acquiring Fund in a tax-free exchange for shares corresponding to the various classes of the Acquiring Fund. It also includes the assumption of the Acquired Fund's liabilities by the Acquiring Fund and indicates that if approved, the reorganization will take place on or about March 28, 2025, subject to shareholder approval in a meeting slated for February 13, 2025. Additionally, the report outlines key fund statistics, advisor agreements pertaining to fee waivers, and emphasizes the necessity for shareholder notification and approval as essential components of the planned changes.