BNY Mellon Emerging Markets Securities Fund

Why invest in this Fund?

The fund seeks long-term capital growth.

To pursue this goal, the fund normally invests at least 80% of its net assets in the stocks of companies organized, or with a majority of assets or business, in emerging market countries.

Min. class investment
$1,000
Class Inception Date
06/28/96
Fund Assets
$95,632,568  As of  08/23/19
Class Assets
$37,662,772  As of  08/23/19
Portfolio Turnover Rate
107.25%  As of fiscal year end  05/31/19
Morningstar Category
Diversified Emerging Markets
Benchmark
MSCI Emerging Markets Index
Fund Holdings
84  As of  07/31/19

Morningstar Rating™ as of July 31, 2019 for the Class A 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 1 Stars (713 funds rated); 3 Yrs. 2 Stars (713 funds rated); 5 Yrs. 1 Stars (565 funds rated); 10 Yrs. 1 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

  • Fitzgibbon, Sean P.

    Sean P. Fitzgibbon

    Portfolio Manager, Mellon Investments Corporation

    0 yr(s). on fund

  • McHugh, Julianne D.

    Julianne D. McHugh

    Portfolio Manager, Mellon Investments Corporation

    0 yr(s). on fund


Click here to see SALES CHARGE  Max Sales Charge:  5.75% Front End Load
As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Emerging Markets Securities Fund
DRFMX
-3.23 5.15 -0.63 1.87 6.72 06/28/96
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 Emerging Markets Securities Fund
DRFMX
1.28 7.71 -0.08 3.12 6.80 06/28/96
MSCI Emerging Markets Index
1.21 10.66 2.49 5.81 - -
Click here to see SALES CHARGE  Max Sales Charge:  5.75% Front End Load
As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Emerging Markets Securities Fund
DRFMX
-3.23 16.26 -3.12 20.37 348.78 06/28/96
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 Emerging Markets Securities Fund
DRFMX
1.28 24.95 -0.37 36.00 354.65 06/28/96
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

    These figures do not reflect the maximum sales charge which, if included, would reduce return.

    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
    DRFMX
    -17.16% 27.27% 19.08% -16.87% -4.14% -5.26% 16.05% -24.14% 15.39% 75.46%

    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 1.25%
    Service Fee 0.25%
    Other Expenses 0.57%
    Total Expenses 2.07%
    Expenses Reimbursed 0.07%
    Net Expenses 2.00%

    Prospectus Fee Table Expense Ratios

    As of  09/28/18 Fee Description Expense Ratio (%)
    Management Fee 1.25%
    Service Fee 0.25%
    Other Expenses 0.48%
    Total Expenses 1.98%
    The fund's investment adviser, BNY Mellon Investment Adviser, Inc. has contractually agreed, until September 30, 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 1.75%. On or after September 30, 2019, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation at any time.

    Sales Charge

    Investment Amount Sales Charge
    Less than $50,000 5.75%
    Less than $100,000 4.50%
    Less than $250,000 3.50%
    Less than $500,000 2.50%
    Less than $1,000,000 2.00%
    Over $1,000,000 0.00%
    There is a 1% CDSC for purchases of $1,000,000 and over if redeemed within one year of purchase.

    Portfolio Manager/Sub-Investment Advisor

    The fund's investment adviser is BNY Mellon Investment Adviser, Inc. Julianne D. McHugh and Sean P. Fitzgibbon, CFA are the fund's co-primary portfolio managers, a position each has held since March 2019. Ms. McHugh is a director and a senior research analyst on the Active Equity Global Research team at Mellon Investments Corporation (Mellon), an affiliate of BNY Mellon Investment Adviser, Inc. Mr. Fitzgibbon is the lead portfolio manager of the Thematic Active Equity and Emerging Markets Equity strategies at Mellon. Mellon investment professionals manage the fund in their capacity as employees of BNY Mellon Investment Adviser, Inc.

    Top Holdings

    As of  07/31/19   Holdings % Portfolio  Weight
    Tencent Holdings 7.30
    Alibaba Group Holding 5.83
    Taiwan Semiconductor Manufacturing 5.65
    Ping An Insurance Group Co Of China 3.81
    Samsung Electronics 2.92
    China Construction Bank 2.74
    Naspers 2.47
    LUKOIL 1.97
    Chailease Holding 1.96
    Gazprom 1.92

    Asset Allocation


        Daily Statistics

        As of  08/23/19 Name NAV Change 04/17/19  12 Month 
        High Nav
        12/24/18  12 Month 
        Low Nav
        YTD Return
        DRFMX
        $9.27
        -$0.15
        -1.59%
        $10.47 $9.06 0.11%

        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  07/31/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DRFMX
        13.84 -2.31 1.11 80.84 0.32

        Dividend Schedule

        Declared
        Annually
        Distributed
        Annually
        Paid
        Annually
        Fiscal Year End
        May 31
        Year Dividend ($) Capital Gains ($)
        2018 0.0344 0.0000
        2017 0.1070 0.0000
        2016 0.0663 0.0000
        2015 0.1850 0.0000
        2014 0.0860 0.0000
        2013 0.0640 0.0000
        2012 0.0860 0.0000
        2011 0.1180 1.0701
        2010 0.0516 0.0000
        2009 0.1190 0.0000
        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
        DRFMX
        0.0000 0.0344 0.0000 0.0000 0.0000 0.0344 9.20
        Record Date Ex-Dividend Date Payable Date
        DRFMX
        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
        DRFMX
        Final 0.0000 0.0344 0.0000 0.0000 0.0000 0.0344 9.20
        Record Date Ex-Dividend Date Payable Date
        DRFMX
        12/26/18 12/27/18 12/27/18