BNY Mellon Natural Resources 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 common stocks or securities convertible into common stocks (such as convertible preferred stocks, warrants and convertible bonds) of foreign companies and depositary receipts evidencing ownership in such securities. At least 75% of the fund’s net assets will be invested in countries represented in the MSCI EAFE Index.
Min. class investment
$1,000
Class Inception Date
10/31/03
Class Status
Not available for purchase by individual investors.
Fund Assets
$328,622,269  As of  08/16/19
Class Assets
$253,223,485  As of  08/16/19
Portfolio Turnover Rate
55.65%  As of fiscal year end  09/30/18
Morningstar Category
Natural Resources
Benchmark
S&P 500(r) Index
Morningstar Overall Rating
Fund Holdings
39  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 Natural Resources category. Fund ratings are out of 5 Stars: Overall 3 Stars (113 funds rated); 3 Yrs. 3 Stars (113 funds rated); 5 Yrs. 3 Stars (109 funds rated); 10 Yrs. 3 Stars (79 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

  • Wehbe, Robin

    Robin Wehbe

    Portfolio Manager, Mellon Investments Corporation

    10 yr(s). on fund


As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Natural Resources Fund
DLDRX
-13.49 4.14 -1.57 4.71 7.57 10/31/03
S&P 500(r) Index
7.99 13.36 11.34 14.03 - -
As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Natural Resources Fund
DLDRX
-10.07 6.19 -1.78 5.64 7.74 10/31/03
S&P 500(r) Index
10.42 14.19 10.71 14.70 - -
As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Natural Resources Fund
DLDRX
-13.49 12.94 -7.60 58.40 215.45 10/31/03
S&P 500(r) Index
7.99 45.66 71.08 271.71 - -
As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Natural Resources Fund
DLDRX
-10.07 19.74 -8.61 73.06 221.22 10/31/03
S&P 500(r) Index
10.42 48.89 66.33 294.16 - -
The S&P 500® Index is widely regarded as the best single gauge of large-cap U.S. equities. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization.

Growth of $10,000 Investment

Historical Performance

    Not available for purchase by individual investors.

    Yearly Total Return

    Fund 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
    DLDRX
    -17.60% 14.05% 28.11% -22.72% -3.05% 18.63% 4.49% -9.24% 20.93% 42.67%

    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 0.75%
    Other Expenses 0.23%
    Total Expenses 0.98%

    Prospectus Fee Table Expense Ratios

    As of  02/01/19 Fee Description Expense Ratio (%)
    Management Fee 0.75%
    Other Expenses 0.25%
    Total Expenses 1.00%
    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 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 1.10%. 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. Robin Wehbe, CFA, CMT is the fund's primary portfolio manager, a position he has held since January 2009. Mr. Wehbe is a director, equity research analyst and member of the Global Equity Research team at Mellon Investments Corporation (Mellon), an affiliate of BNY Mellon Investment Adviser, Inc. 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
    Nutrien 6.72
    Total S.A. 6.40
    BP 4.82
    Newcrest Mining 4.72
    CF Industries Holdings 4.13
    Anglo American 4.10
    Barrick Gold 4.07
    Ball 3.93
    FMC 3.73
    Archer-Daniels-Midland 3.34

    Asset Allocation


        Daily Statistics

        As of  08/16/19 Name NAV Change 10/03/18  12 Month 
        High Nav
        12/24/18  12 Month 
        Low Nav
        YTD Return
        DLDRX
        $27.73
        $0.22
        0.80%
        $34.72 $25.40 3.94%

        Performance Metrics

        Overall Morningstar Rating


        MORNINGSTAR CATEGORY Natural Resources


        Morningstar Rating™ as of 07/31/19 for the Class I shares; other classes may have different performance characteristics. Overall rating for the Natural Resources. Fund ratings are out of 5 Stars: Overall 3 Stars (301 funds rated); 3 Yrs. 3 Stars (113 funds rated); 5 Yrs. 3 Stars (109 funds rated); 10 Yrs. 3 Stars (79 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
          17 out of 89
        • 3 Year
          10 out of 82
        • 5 Year
          9 out of 76
        • 10 Year
          5 out of 54

        LIPPER CLASSIFICATION Natural Resources Funds


        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.

        Currencies are subject to the risk that those currencies will decline in value relative to a local currency, or, in the case of hedged positions, that the local currency will decline relative to the currency being hedged. Each of these risks could increase the fund's volatility.

        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 natural resources sector can be affected by events occurring in nature, inflation, and domestic and international politics. Interest rates, commodity prices, economic, tax, and energy developments, and government regulations may affect the natural resources sector and the share prices of the companies in the sector.

        Risk Metrics

        As of  07/31/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DLDRX
        16.65 -6.59 1.19 63.33 0.23

        Dividend Schedule

        Declared
        Annually
        Distributed
        Annually
        Paid
        Annually
        Fiscal Year End
        Sep 30
        Year Dividend ($) Capital Gains ($)
        2018 0.5000 0.0000
        2017 0.2090 0.0000
        2016 0.4194 0.0000
        2015 0.2875 0.0000
        2014 0.2852 0.2754
        2012 0.1300 0.0000
        2007 0.0000 2.5160
        2006 0.0000 0.9100
        2005 0.3734 1.2383
        2004 0.0780 0.5270
        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
        DLDRX
        0.0000 0.5000 0.0000 0.0000 0.0000 0.5000 29.94
        Record Date Ex-Dividend Date Payable Date
        DLDRX
        11/30/18 12/03/18 12/03/18
        (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
        DLDRX
        Final 0.0000 0.5000 0.0000 0.0000 0.0000 0.5000 29.94
        Record Date Ex-Dividend Date Payable Date
        DLDRX
        11/30/18 12/03/18 12/03/18