BNY Mellon Japan Womenomics Fund

Overview

Why invest in this Fund?

The fund seeks long-term capital growth. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies listed or principally traded on a recognized stock exchange in Japan that, in the view of the fund's sub-adviser, benefit from the "Womenomics" initiative in Japan. This initiative seeks to enhance economic growth through the general economic empowerment of women and includes efforts to ease barriers to female employment outside the home, promote women to leadership positions, and close the gender pay gap. The fund invests principally in common stocks, and may invest in the stocks of companies with any market capitalization.
Min. class investment
$1,000
Class Inception Date
09/13/18
Class Status
Not available for purchase by individual investors.
Fund Assets
$2,190,624  As of  08/23/19
Class Assets
$880,800  As of  08/23/19
Morningstar Category
Japan Stock
Fund Holdings
51  As of  07/31/19
Performance

Average Annual Returns

Month End

As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Japan Womenomics Fund
DJWIX
 - - - - - 09/13/18

Quarter End

As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Japan Womenomics Fund
DJWIX
 - - - - - 09/13/18

Cumulative Returns

Month End

As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Japan Womenomics Fund
DJWIX
 - - - - -10.24 09/13/18

Quarter End

As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Japan Womenomics Fund
DJWIX
 - - - - -9.36 09/13/18
Fees & Expenses

Monthly Expense Ratios (Annualized)

As of  07/31/19 Fee Description Expense Ratio (%)
Management Fee 0.75%
Other Expenses 13.46%
Total Expenses 14.21%
Expenses Reimbursed 13.21%
Net Expenses 1.00%

Prospectus Fee Table Expense Ratios

As of  09/12/18 Fee Description Expense Ratio (%)
Management Fee 0.75%
Other Expenses 0.40%
Total Expenses 1.15%
Expenses Reimbursed 0.15%
Net Expenses 1.00%
The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until September 1, 2019, 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 1.00%. On or after September 1, 2019, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation at any time.
Portfolio

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, BNY Mellon Asset Management Japan Limited (BNYMAM Japan), to serve as the fund's sub-investment adviser. The fund is managed by a team of investment professionals employed by BNYMAM Japan, consisting of Makiko Togari, Miyuki Kashima, Masafumi Oshiden, Kazuya Kurosawa and Yoshihiro Aoyama. Mses. Togari and Kashima and Messers. Oshiden and Kurosawa have managed the fund since the fund's inception in August 2018, and Mr. Aoyama has managed the fund since March 2019. Ms. Togari is the lead portfolio manager of the fund and the Japan Equity Womenomics Strategy at BNYMAM Japan. Ms. Kashima is head of the Japan Equity Investment Division at BNYMAM Japan. Messrs. Oshiden and Kurosawa are investment managers and Mr. Aoyama is an analyst at BNYMAM Japan.

Top Holdings

As of  07/31/19   Holdings % Portfolio  Weight
Nidec 3.72
Daikin Industries 3.44
Hitachi 3.12
Nippon Telegraph And Telephone 3.11
Santen Pharmaceutical 2.97
Penta-Ocean Construction 2.95
Tokyu Corporation 2.74
Kitanotatsujin 2.72
Nippon Gas 2.72
KYOWA EXEO 2.66

Asset Allocation

      Stats & Risks

      Daily Statistics

      As of  08/23/19 Name NAV Change 09/26/18  12 Month 
      High Nav      		 12/24/18  12 Month 
      Low Nav      		 YTD Return
      DJWIX
      		 $10.94
      -$0.13
      -1.17%
      		 $13.17 $10.41 0.92%

      Main Risks

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

      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.

      The fund's performance will be influenced by political, social and economic factors affecting Japan.

      As a result, the fund's performance could be more volatile than that of more geographically diversified mutual funds. The sub-adviser's investment approach may cause the fund to perform differently than mutual funds that invest in equity securities of Japanese companies, but that do not take into consideration the initiative in Japan to promote the general economic empowerment of women when selecting stocks for investment.

      Risk Metrics

      As of  07/31/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
      DJWIX
      		 - - - - -
      Distributions

      Dividend Schedule

      Declared
      Annually
      Distributed
      Annually
      Paid
      Annually
      Fiscal Year End
      Jul 31
      Literature