BNY Mellon Global Emerging Markets Fund

Why invest in this Fund?

The fund seeks long-term capital appreciation. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in common stocks and other equity securities of companies organized or with their principal place of business, or majority of assets or business, in emerging market countries. The fund considers emerging market countries to be all countries represented in the MSCI Emerging Markets Index. Newton Investment Management (North America) Limited ("Newton") employs a fundamental bottom-up investment process that emphasizes quality, return on capital employed and governance. The process of identifying investment ideas begins by identifying a core list of investment themes. These themes are based primarily on observable global economic, industrial, or social trends that Newton believes will positively affect certain sectors or industries and cause stocks within these sectors or industries to outperform others.

Min. class investment
$1,000
Class Inception Date
02/03/14
Class Status
Not available for purchase by individual investors.
Fund Assets
$276,139,804  As of  12/05/19
Class Assets
$48,144,225  As of  12/05/19
Portfolio Turnover Rate
41.94%  As of fiscal year end  10/31/18
Morningstar Category
Diversified Emerging Markets
Benchmark
MSCI Emerging Markets Index
Morningstar Overall Rating
Fund Holdings
49  As of  10/31/19

Morningstar Rating™ as of October 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 (700 funds rated); 3 Yrs. 2 Stars (700 funds rated); 5 Yrs. 3 Stars (562 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.


As of  11/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Global Emerging Markets Fund
DGIEX
12.04 8.28 2.54 - 5.49 02/03/14
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Global Emerging Markets Fund
DGIEX
0.24 3.10 1.99 - 4.62 02/03/14
MSCI Emerging Markets Index
-2.02 5.97 2.33 3.37 - -
As of  11/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Global Emerging Markets Fund
DGIEX
12.04 26.95 13.36 - 36.49 02/03/14
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Global Emerging Markets Fund
DGIEX
0.24 9.59 10.37 - 29.09 02/03/14
MSCI Emerging Markets Index
-2.02 19.02 12.19 39.28 - -
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.

Growth of $10,000 Investment

Historical Performance

    Not available for purchase by individual investors.

    Yearly Total Return

    Fund 2018 2017 2016 2015
    DGIEX
    -23.67% 46.02% 1.52% -8.08%

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


    Prospectus Fee Table Expense Ratios

    As of  03/01/19 Fee Description Expense Ratio (%)
    Management Fee 0.75%
    Other Expenses 0.31%
    Total Expenses 1.06%
    Expenses Reimbursed 0.06%
    Net Expenses 1.00%
    The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until March 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 1.00%. On or after March 1, 2020, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation at this 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, Newton Investment Management (North America) Limited ("Newton"), to serve as the fund's sub-adviser. Robert Marshall-Lee, Naomi Waistell and Sophia Whitbread, CFA are the fund's primary portfolio managers, positions Mr. Marshall-Lee and Ms. Whitbread have held since the fund's inception in February 2014 and Ms. Waistell has held since November 2015. Mr. Marshall-Lee, the lead portfolio manager, is the investment leader of the Emerging and Asian equity team at Newton. Ms. Waistell is an investment manager on the Emerging and Asian equity team at Newton. Ms. Whitbread is an investment manager on the Emerging and Asian equity team at Newton.

    Top Holdings

    As of  10/31/19   Holdings % Portfolio  Weight
    New Oriental Education & Technology 5.86
    Taiwan Semiconductor Manufacturing 5.67
    Samsung SDI 5.57
    Alibaba Group Holding, ADR 5.52
    Housing Development Finance 4.55
    AIA Group 4.40
    Maruti Suzuki India 3.89
    Autohome 3.86
    Tencent Holdings 3.45
    Titan 3.36

    Asset Allocation


        Daily Statistics

        As of  12/05/19 Name NAV Change 11/27/19  12 Month 
        High Nav
        01/03/19  12 Month 
        Low Nav
        YTD Return
        DGIEX
        $16.29
        $0.09
        0.56%
        $16.64 $13.74 14.96%

        Performance Metrics

        Overall Morningstar Rating


        MORNINGSTAR CATEGORY Diversified Emerging Markets


        Morningstar Rating™ as of 10/31/19 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 (1501 funds rated); 3 Yrs. 2 Stars (700 funds rated); 5 Yrs. 3 Stars (562 funds rated); 10 Yrs. Stars (239 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
          244 out of 794
        • 3 Year
          357 out of 672
        • 5 Year
          302 out of 538
        • 10 Year
          out of

        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.

        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  10/31/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DGIEX
        15.86 -2.92 1.16 70.63 0.31

        Dividend Schedule

        Declared
        Annually
        Distributed
        Annually
        Paid
        Annually
        Fiscal Year End
        Oct 31
        Year Dividend ($) Capital Gains ($)
        2018 0.1870 0.0000
        2017 0.2282 0.0000
        2016 0.0048 0.0000
        2014 0.0470 0.1204
        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
        DGIEX
        0.0812 0.1058 0.0000 0.0000 0.0000 0.1870 14.05
        Record Date Ex-Dividend Date Payable Date
        DGIEX
        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
        DGIEX
        Estimated 0.3865 0.0000 0.0000 0.0000 0.0000 0.3865 -
        Record Date Ex-Dividend Date Payable Date
        DGIEX
        12/26/19 12/27/19 12/27/19