BNY Mellon Strategic Beta Emerging Markets Equity 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 Morgan Stanley Capital International Emerging Markets Index.
Min. class investment
$1,000
Class Inception Date
09/15/14
Class Status
Not available for purchase by individual investors.
Fund Assets
$28,051,463  As of  12/12/19
Class Assets
$2,270,267  As of  12/12/19
Portfolio Turnover Rate
35.64%  As of fiscal year end  10/31/18
Morningstar Category
Diversified Emerging Markets
Benchmark
MSCI Emerging Markets Index
Morningstar Overall Rating
Fund Holdings
673  As of  11/30/19

Morningstar Rating™ as of November 30, 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 (706 funds rated); 3 Yrs. 3 Stars (706 funds rated); 5 Yrs. 3 Stars (566 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

  • Wang, Tao

    Tao Wang

    Mellon Investments Corporation

    0 yr(s). on fund

  • Goslin, Peter

    Peter Goslin

    Portfolio Manager, Mellon Investments Corporation

    5 yr(s). on fund

  • Zamil, Syed A.

    Syed A. Zamil

    CFA, Portfolio Manager, Mellon Investments Corporation

    2 yr(s). on fund


As of  11/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Strategic Beta Emerging Markets Equity Fund
DOFIX
3.57 7.54 3.35 - 2.13 09/15/14
MSCI Emerging Markets Index
7.28 9.01 3.12 3.33 - -
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Strategic Beta Emerging Markets Equity Fund
DOFIX
-4.38 5.72 2.70 - 1.58 09/15/14
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 Strategic Beta Emerging Markets Equity Fund
DOFIX
3.57 24.38 17.91 - 11.59 09/15/14
MSCI Emerging Markets Index
7.28 29.53 16.63 38.82 - -
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Strategic Beta Emerging Markets Equity Fund
DOFIX
-4.38 18.15 14.24 - 8.21 09/15/14
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
    DOFIX
    -11.60% 30.61% 17.52% -14.56%

    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 0.60%
    Other Expenses 2.00%
    Acquired Fund Fees & Expenses 0.05%
    Total Expenses 2.65%
    Expenses Reimbursed 1.85%
    Net Expenses 0.80%
    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 .75%. On or after March 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. (BNYM Investment Adviser). BNYM Investment Adviser has engaged its affiliate, Mellon Investments Corporation (Mellon), to serve as the fund's subadviser. The fund is managed by a team of portfolio managers employed by Mellon. The team members who are jointly and primarily responsible for managing the fund's portfolio are Peter D. Goslin, CFA, Syed A. Zamil, CFA and Tao Wang. Messrs. Goslin, Zamil and Wang have been primary portfolio managers of the fund since September 2014, March 2017 and December 2019, respectively. Mr. Goslin is a director and senior portfolio manager at Mellon, where he leads the Multi-Factor Equity team. Mr. Zamil is a managing director and global investment strategist for the Multi-Factor Equity team at Mellon. Mr. Wang is a director and senior research analyst focusing on quantitative equity models and portfolios at Mellon.

    Top Holdings

    As of  11/30/19   Holdings % Portfolio  Weight
    IShares MSCI India ETF 4.88
    Samsung Electronics 4.09
    Hon Hai Precision 2.75
    IShares MSCI Emerging Markets ETF 2.51
    Gazprom 2.44
    Lukoil 2.43
    KraneShares Bosera MSCI China A 1.57
    China Construction Bank, Cl. H 1.45
    Taiwan Semiconductor Manufacturing 1.39
    Nornickel 1.26

    Asset Allocation


        Daily Statistics

        As of  12/12/19 Name NAV Change 04/17/19  12 Month 
        High Nav
        08/14/19  12 Month 
        Low Nav
        YTD Return
        DOFIX
        $13.30
        $0.21
        1.60%
        $13.46 $11.77 10.65%

        Performance Metrics

        Overall Morningstar Rating


        MORNINGSTAR CATEGORY Diversified Emerging Markets


        Morningstar Rating™ as of 11/30/19 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 (1511 funds rated); 3 Yrs. 3 Stars (706 funds rated); 5 Yrs. 3 Stars (566 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
          685 out of 794
        • 3 Year
          431 out of 672
        • 5 Year
          204 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  11/30/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DOFIX
        13.70 -2.04 1.09 82.58 0.48

        Dividend Schedule

        Declared
        Annually
        Distributed
        Annually
        Paid
        Annually
        Fiscal Year End
        Oct 31
        Year Dividend ($) Capital Gains ($)
        2018 0.2930 0.0000
        2017 0.2760 0.0000
        2016 0.2335 0.0000
        2015 0.1030 0.0000
        2014 0.0550 0.0018
        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
        DOFIX
        0.0628 0.2302 0.0000 0.0000 0.0000 0.2930 11.98
        Record Date Ex-Dividend Date Payable Date
        DOFIX
        12/24/18 12/26/18 12/26/18
        (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
        DOFIX
        Estimated 0.3080 0.0000 0.0000 0.0000 0.0000 0.3080 -
        Record Date Ex-Dividend Date Payable Date
        DOFIX
        12/24/19 12/26/19 12/26/19