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    BNY Mellon Natural Resources 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 stocks of companies in the natural resources and natural resources related sectors. Generally, these are companies principally engaged in owning or developing natural resources, or supplying goods, technology and services relating to natural resources.
    Min. class investment
    $1,000
    Class Inception Date
    10/31/03
    Fund Assets
    $1,284,390,187  As of  02/27/24
    Class Assets
    $143,144,049  As of  02/27/24
    Portfolio Turnover Rate
    89.32% As of fiscal year end  09/30/23
    Morningstar Category
    Natural Resources
    Benchmark
    S&P Global Natural Resources Index
    Morningstar Overall Rating
    Fund Holdings
    42 As of 01/31/24

    Morningstar Rating™ as of January 31, 2024 for the Class A class shares; other classes may have different performance characteristics. Overall rating for the Natural Resources category. Fund ratings are out of 5 Stars: Overall 4 Stars (110 funds rated); 3 Yrs. 5 Stars (110 funds rated); 5 Yrs. 5 Stars (105 funds rated); 10 Yrs. 3 Stars (91 funds rated).

    Portfolio Managers

    • David Intoppa

      David Intoppa

      Research Analyst, Newton Investment Management North America, LLC

      3 yr(s). on fund

    • Brock Campbell

      Brock Campbell, CFA

      Portfolio Manager, Newton Investment Management North America, LLC

      Since August 2023


    Total Returns

    Click here to see SALES CHARGE  Max Sales Charge:  5.75%  Front End Load
    Average Annual
    As of 01/31/24
    Name 3 MO
    01/31/24
    YTD
    01/31/24
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Natural Resources Fund
    DNLAX
    -0.73 -3.91 -8.95 21.16 15.34 7.56 9.37
    S&P Global Natural Resources Index
    3.24 -5.31 -8.36 10.69 7.94 5.19 -
    Average Annual
    As of 12/31/23
    Name 3 MO
    12/31/23
    YTD
    12/31/23
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Natural Resources Fund
    DNLAX
    -3.08 1.56 1.56 23.50 18.43 7.56 9.62
    S&P Global Natural Resources Index
    3.58 4.08 4.08 12.86 11.15 5.15 -

    The performance data quotes represents past performance, which is no guarantee of future results. Yield, share price and investment return fluctuate and an investor's shares may be worth more or less than original cost upon redemption. Current performance may be lower or higher than the performance quoted. Click above for month-end returns.

    The S&P Global Natural Resources Index includes 90 of the largest publicly traded companies in natural resources and commodities businesses that meet specific investability requirements, offering investors diversified and investable equity exposure across three primary commodity-related sectors: agribusiness, energy, and metals & mining. 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

    Past performance is no guarantee of future results.

    Historical Performance

       

      Yearly Total Return


      Prospectus Fee Table Expense Ratios

      As of  02/01/24 Fee Description Expense Ratio (%)
      Management Fee 0.75%
      Service Fee 0.25%
      Other Expenses 0.15%
      Total Expenses 1.15%
      Net Expenses 1.15%
      Total Expenses is the total annual operating expense ratio for the fund, before any fee waivers or expense reimbursements. Net Expenses is the total annual operating expense ratio for the fund, after any applicable fee waivers or expense reimbursements. The Total Expenses, or Net Expenses (if including fee waivers or expense reimbursements) is the actual fund expense ratio applicable to investors.

      Sales Charge


      Portfolio Manager/Sub-Investment Adviser

      The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). BNYM Investment Adviser has engaged its affiliate, Newton Investment Management North America, LLC (Newton), to serve as the fund's sub-investment adviser. NIMNA has entered into a sub-sub-investment advisory agreement with its affiliate, Newton Investment Management Limited (NIM), to enable NIM to provide certain advisory services to NIMNA for the benefit of the fund. David S. Intoppa and Brock Campbell, CFA are the fund's primary portfolio managers, positions they have held since November 2020 and August 2023, respectively, and are jointly and primarily responsible for managing the fund's portfolio. Mr. Intoppa is a portfolio manager at NIMNA. He has been employed by NIMNA or a predecessor company of NIMNA since 2006. Mr. Campbell is the head of global equity research at NIMNA. He has been employed by NIMNA or a predecessor company of NIMNA since 2005.

      Top Holdings

      As of 01/31/24

      Asset Allocation


          Daily Statistics

          As of 02/27/24 Name NAV Change 09/14/23  12 Month 
          High Nav
          12/06/23  12 Month 
          Low Nav
          YTD Return
          DNLAX
          $43.50
          $0.05
          0.12%
          $54.50 $41.64 -2.77%

          Performance Metrics

          Overall Morningstar Rating


          MORNINGSTAR CATEGORY Natural Resources


          Morningstar Rating™ as of 01/31/24 for the Class A shares; other classes may have different performance characteristics. Overall rating for the Natural Resources. Fund ratings are out of 5 Stars: Overall 4 Stars (110 funds rated); 3 Yrs. 5 Stars (110 funds rated); 5 Yrs. 5 Stars (105 funds rated); 10 Yrs. 3 Stars (91 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
            49 out of 57
          • 3 Year
            40 out of 55
          • 5 Year
            3 out of 55
          • 10 Year
            2 out of 48

          LIPPER CLASSIFICATION Natural Resources Funds


          Lipper Category returns and rankings as of 01/31/24, 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  01/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DNLAX
          27.17 15.88 0.96 32.94 0.74

          All risk metrics are provided by Morningstar. The index used in the calculations are determined by Morningstar which may not be the funds primary benchmark. The index Morningstar used for this analysis is MSCI ACWI Index.


          Alpha - Alpha is a measure of a security's or portfolio's excess return.

          Beta - Beta is a measure of a security’s or portfolio’s volatility, or systematic risk.

          R-Squared - R-squared is a statistical measure that represents the percentage of a fund’s or security’s movements that are explained by movements in a benchmark index.

          Sharpe Ratio - Sharpe ratio is a risk-adjusted measure that measures reward per unit of risk. The higher the Sharpe ratio, the better.

          Standard Deviation - Standard deviation is a statistical measure of the degree to which an individual portfolio return tends to vary from the mean, based on the entire population. The greater the degree of dispersion, the greater the degree of risk. In mutual funds, the standard deviation tells us how much the return on the fund is deviating from the expected normal returns.


          Dividend Schedule

          Declared
          Annually
          Distributed
          Annually
          Paid
          Annually
          Fiscal Year End
          Sep 30
          Year Dividend ($) Capital Gains ($)
          2023 1.0404 4.5708
          2022 0.6752 4.2238
          2021 0.4866 1.5704
          2020 0.2840 0.0000
          2019 0.5765 0.0000
          2018 0.3977 0.0000
          2017 0.1270 0.0000
          2016 0.3557 0.0000
          2015 0.2196 0.0000
          2014 0.2171 0.2754

          Distributions History

          Record Date Ex-Dividend Date Payable Date Ordinary 
          Non-Qualified 
          Dividends
          Qualified 
          Dividends
          Non-Qualified 
          Short-Term 
          Capital Gain
          Qualified 
          Short-Term 
          Capital Gain
          Long-Term 
          Capital Gain
          Total 
          Distribution
          12/05/23 12/06/23 12/06/23 0.0336 1.0068 0.0045 0.1363 4.4300 5.6112
          Record Date Ex-Dividend Date Payable Date Ordinary 
          Non-Qualified 
          Dividends
          Qualified 
          Dividends
          Non-Qualified 
          Short-Term 
          Capital Gain
          Qualified 
          Short-Term 
          Capital Gain
          Long-Term 
          Capital Gain
          Total 
          Distribution
          12/02/22 12/05/22 12/05/22 0.0000 0.6752 0.0000 0.0000 4.2238 4.8990
          11/30/21 12/01/21 12/01/21 0.0000 0.4866 0.0000 0.0812 1.4892 2.0570
          11/30/20 12/01/20 12/01/20 0.0000 0.2840 0.0000 0.0000 0.0000 0.2840
          12/02/19 12/03/19 12/03/19 0.0000 0.5765 0.0000 0.0000 0.0000 0.5765
          11/30/18 12/03/18 12/03/18 0.0000 0.3977 0.0000 0.0000 0.0000 0.3977
          11/30/17 12/01/17 12/01/17 0.0000 0.1270 0.0000 0.0000 0.0000 0.1270
          11/30/16 12/01/16 12/01/16 0.0000 0.3557 0.0000 0.0000 0.0000 0.3557
          12/01/15 12/02/15 12/02/15 0.0000 0.2196 0.0000 0.0000 0.0000 0.2196
          12/02/14 12/03/14 12/03/14 0.0000 0.2171 0.0000 0.0000 0.2754 0.4925
          11/30/12 12/03/12 12/03/12 0.0000 0.0640 0.0000 0.0000 0.0000 0.0640
          12/14/07 12/17/07 12/17/07 0.0000 0.0000 0.0000 0.0450 2.4710 2.5160
          12/15/06 12/18/06 12/18/06 0.0000 0.0000 0.0815 0.2475 0.5810 0.9100
          12/16/05 12/19/05 12/19/05 0.2760 0.0706 0.5795 0.1482 0.5106 1.5849
          12/15/04 12/16/04 12/16/04 0.0460 0.0170 0.3840 0.1430 0.0000 0.5900
          See all rows...

          Literature

          PRODUCT MATERIALS

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          BNY Mellon Natural Resources Fund - A Resurgent Commodities Sector Offers New Portfolio Opportunity Download
          BNY Mellon Natural Resources Fund - Investment Report Download
          BNY Mellon Natural Resources Fund - Presentation Download
          BNY Mellon Natural Resources Fund - Commentary Download

          Factsheet, Prospectus and Reports

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          Factsheet Download
          Prospectus Download
          Summary Prospectus Download
          SAI Download
          Annual Report Download
          Semi Annual Report Download
          1Q Fiscal Holdings Download
          3Q Fiscal Holdings Download

          Investors should consider the investment objectives, risks, charges, and expenses of a mutual fund carefully before investing. Download a prospectus, or summary prospectus, if available, that contains this and other information about the fund, and read it carefully before investing.

          This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular investment, strategy, investment manager or account arrangement and should not serve as a primary basis for investment decisions.

          Please consult a legal, tax or investment professional in order to determine whether an investment product or service is appropriate for a particular situation.