BNY Mellon Diversified Emerging Markets Fund

Why invest in this Fund?

The fund seeks long-term growth of capital. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies located, organized, or with a majority of assets or business in emerging market countries, including underlying funds that invest in such securities. The fund uses a 'manager of managers' approach by selecting one or more investment managers to serve as subadvisers to the fund. The fund also uses a 'fund of funds' approach by investing in one or more underlying funds.
Min. class investment
$1,000
Class Inception Date
07/10/06
Class Status
Not available for purchase by individual investors.
Fund Assets
$205,777,601  As of  08/22/19
Class Assets
$4,495,088  As of  08/22/19
Portfolio Turnover Rate
41.37%  As of fiscal year end  09/30/18
Morningstar Category
Diversified Emerging Markets
Benchmark
MSCI Emerging Markets Index
Morningstar Overall Rating
Fund Holdings
203  As of  07/31/19

Morningstar Rating™ as of July 31, 2019 for the Class I class shares; other classes may have different performance characteristics. Overall rating for the Diversified Emerging Markets category. Fund ratings are out of 5 Stars: Overall 3 Stars (713 funds rated); 3 Yrs. 3 Stars (713 funds rated); 5 Yrs. 3 Stars (565 funds rated); 10 Yrs. 3 Stars (240 funds rated). The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance (not including the effects of sales charges, loads and redemption fees if applicable), placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. ©2018 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.

Portfolio Managers

  • McHugh, Julianne D.

    Julianne D. McHugh

    Portfolio Manager, Mellon Investments Corporation

    4 yr(s). on fund

  • Goslin, Peter

    Peter Goslin

    Portfolio Manager, Mellon Investments Corporation

    5 yr(s). on fund

  • Boggs, Wesley

    Wesley Boggs

    Portfolio Manager, Mellon Investments Corporation

    2 yr(s). on fund

  • Zamil, Syed A.

    Syed A. Zamil

    CFA, Portfolio Manager, Mellon Investments Corporation

    2 yr(s). on fund

  • Cazalet, William

    William Cazalet

    CAIA, Managing Director, Head of Active Equity Strategies, Mellon Investments Corporation

    3 yr(s). on fund


As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Diversified Emerging Markets Fund
SBCEX
-5.04 6.70 1.53 4.09 4.95 07/10/06
MSCI Emerging Markets Index
-2.18 8.42 1.84 4.56 - -
As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Diversified Emerging Markets Fund
SBCEX
-1.51 8.89 2.05 5.56 5.13 07/10/06
MSCI Emerging Markets Index
1.21 10.66 2.49 5.81 - -
As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Diversified Emerging Markets Fund
SBCEX
-5.04 21.48 7.91 49.36 87.91 07/10/06
MSCI Emerging Markets Index
-2.18 27.44 9.57 56.16 - -
As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Diversified Emerging Markets Fund
SBCEX
-1.51 29.12 10.68 71.74 91.25 07/10/06
MSCI Emerging Markets Index
1.21 35.51 13.07 75.87 - -
The MSCI Emerging Markets Index is a free float-adjusted market capitalization-weighted index that is designed to measure equity market performance of emerging markets. Reflects reinvestment of net dividends and, where applicable, capital gain distributions. Investors cannot invest directly in any index.

Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

Growth of $10,000 Investment

Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

Historical Performance

    Not available for purchase by individual investors.

    Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

    Yearly Total Return

    Fund 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
    SBCEX
    -19.19% 39.76% 7.77% -13.23% -0.41% 0.07% 17.14% -21.81% 18.05% 76.24%

    Investment return fluctuates and past performance is no guarantee of future results.


    Monthly Expense Ratios (Annualized)

    As of  07/31/19 Fee Description Expense Ratio (%)
    Management Fee 0.60%
    Other Expenses 0.66%
    Total Expenses 1.26%

    Prospectus Fee Table Expense Ratios

    As of  02/01/19 Fee Description Expense Ratio (%)
    Management Fee 0.59%
    Other Expenses 0.30%
    Acquired Fund Fees & Expenses 0.51%
    Total Expenses 1.40%
    The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed until February 1, 2020, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of the classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed 1.30%. On or after February 1, 2020, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation at any time.

    Portfolio Manager/Sub-Investment Advisor

    The fund's investment adviser is BNY Mellon Investment Adviser, Inc. BNY Mellon Investment Adviser, Inc., has engaged its affiliate, Mellon, to serve as the fund's subadviser. The day-to-day management of the portion of the fund's portfolio allocated to the Active Equity Strategy is the responsibility of the Active Equity portfolio management team at Mellon. The team member primarily responsible for managing this portion of the fund's portfolio is Julianne McHugh. Ms. McHugh has served as a primary portfolio manager of the fund since November 2015, and is a director and a senior research analyst on the Active Equity Global Research team at Mellon. The day-to-day management of the portion of the fund's portfolio allocated to the Multi-Factor Equity Strategy is the responsibility of the Multi-Factor Equity portfolio management team at Mellon. The team members who are jointly and primarily responsible for managing this portion of the fund's portfolio are C. Wesley Boggs, William S. Cazalet, CAIA, Peter D. Goslin, CFA and Syed A. Zamil, CFA. Mr. Boggs has served as a primary portfolio manager of the fund since March 2017, and is a director and senior portfolio manager on the Multi-Factor Equity team at Mellon. Mr. Cazalet has served as a primary portfolio manager of the fund since February 2015, and is a managing director and head of the Multi-Factor Equity team at Mellon. Mr. Goslin has served as a primary portfolio manager of the fund since January 2014, and is a director and senior portfolio manager on the Multi-Factor Equity team at Mellon. Mr. Zamil has served as a primary portfolio manager of the fund since March 2017, and is a managing director and global investment strategist for index, multi-asset and multifactor strategies at Mellon.

    Top Holdings

    As of  07/31/19   Holdings % Portfolio  Weight
    BNY Mellon Global Emerging Markets Fund, Cl. Y 32.83
    BNY Mellon Strategic Beta Emerging Markets Equity Fund, Cl. Y 8.19
    Tencent Holdings 3.64
    Taiwan Semiconductor Manufacturing 2.85
    Alibaba Group Holding, ADR 2.84
    Samsung Electronics 2.16
    Ping An Insurance Group Company Of China, Cl. H 1.69
    Naspers, Cl. N 1.35
    China Construction Bank, Cl. H 1.09
    Chailease Holding 0.98

    Asset Allocation


        Daily Statistics

        As of  08/22/19 Name NAV Change 04/17/19  12 Month 
        High Nav
        10/29/18  12 Month 
        Low Nav
        YTD Return
        SBCEX
        $21.40
        -$0.24
        -1.11%
        $23.63 $19.94 4.39%

        Performance Metrics

        Overall Morningstar Rating


        MORNINGSTAR CATEGORY Diversified Emerging Markets


        Morningstar Rating™ as of 07/31/19 for the Class I shares; other classes may have different performance characteristics. Overall rating for the Diversified Emerging Markets. Fund ratings are out of 5 Stars: Overall 3 Stars (1518 funds rated); 3 Yrs. 3 Stars (713 funds rated); 5 Yrs. 3 Stars (565 funds rated); 10 Yrs. 3 Stars (240 funds rated).
        The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance (not including the effects of sales charges, loads and redemption fees if applicable), placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. © Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.

        Lipper Rankings

        • 1 Year
          620 out of 790
        • 3 Year
          378 out of 676
        • 5 Year
          287 out of 537
        • 10 Year
          148 out of 241

        LIPPER CLASSIFICATION


        Lipper Category returns and rankings are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns. Rankings do not reflect sales loads

        Main Risks

        Equities are subject to market, market sector, market liquidity, issuer, and investment style risks to varying degrees.

        Small and midsized company stocks tend to be more volatile and less liquid than larger company stocks as these companies are less established and have more volatile earnings histories.

        Investing in foreign denominated and/or domiciled securities involves special risks, including changes in currency exchange rates, political, economic, and social instability, limited company information, differing auditing and legal standards, and less market liquidity. These risks generally are greater with emerging market countries.

        Risk Metrics

        As of  07/31/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        SBCEX
        14.08 -1.01 1.15 83.22 0.42

        Dividend Schedule

        Declared
        Annually
        Distributed
        Annually
        Paid
        Annually
        Fiscal Year End
        Sep 30
        Year Dividend ($) Capital Gains ($)
        2018 0.2436 0.0000
        2017 0.2690 0.0000
        2016 0.0830 0.0000
        2015 0.0970 0.0000
        2014 0.1750 0.2007
        2013 0.3410 0.0000
        2011 0.3360 4.2211
        2010 0.1110 0.0000
        2009 0.3760 0.0000
        2008 0.2980 0.8460
        There is no guarantee that the fund will distribute any level annually. Capital gains may be short-term, long-term, or both.

        Distributions History

        (Values Listed In $) Ordinary 
        Non-Qualified 
        Dividends
        Qualified 
        Dividends
        Non-Qualified 
        Short-Term 
        Capital Gain
        Qualified 
        Short-Term 
        Capital Gain
        Long-Term 
        Capital Gain
        Total 
        Distribution
        Reinvest 
        NAV
        SBCEX
        0.0000 0.2436 0.0000 0.0000 0.0000 0.2436 20.38
        Record Date Ex-Dividend Date Payable Date
        SBCEX
        12/26/18 12/27/18 12/27/18
        (Values Listed In $) Distribution Status Ordinary 
        Non-Qualified 
        Dividends
        Qualified 
        Dividends
        Non-Qualified 
        Short-Term 
        Capital Gain
        Qualified 
        Short-Term 
        Capital Gain
        Long-Term 
        Capital Gain
        Total 
        Distribution
        Reinvest 
        NAV
        SBCEX
        Final 0.0000 0.2436 0.0000 0.0000 0.0000 0.2436 20.38
        Record Date Ex-Dividend Date Payable Date
        SBCEX
        12/26/18 12/27/18 12/27/18