BNY Mellon Sustainable Balanced Fund
- TICKER DRASX
- Fund Code 4120
- CUSIP 05587N554
- SHARE CLASS
Why invest in this Fund?
The fund changed its investment objective and strategy on April 1, 2019. Prior to April 1, 2019, the fund's investment objective was to provide current income, while maintaining the potential for long-term capital appreciation. To pursue these goals, until April 1, 2019, the fund used an actively-managed global multi-asset strategy that focused on income generation. In addition, until April 1, 2019, Newton was the sole sub-adviser for the fund. Newton allocated the fund's investments among equity and equity-related securities, debt and debt-related securities, and, generally to a lesser extent, real estate, commodities and infrastructure in developed and emerging markets.
Effective April 1, 2019, Dreyfus Global Multi-Asset Income Fund was renamed BNY Mellon Sustainable Balanced Fund. The fund's Class Y shares and Class A shares were renamed Class K shares and Service Class shares, respectively, effective April 1, 2019. As of March 31, 2019, Class K shares are not available for purchase by individual investors. Class K shares are generally only offered to state-sponsored and/or state-administered retirement savings plans. Investors should discuss with their advisor the eligibility requirements for Class K and Service Class shares and the historical results achieved by the fund's respective share classes.
Morningstar Rating™ as of October 31, 2022 for the Service Class class shares; other classes may have different performance characteristics. Overall rating for the Allocation--50% to 70% Equity category. Fund ratings are out of 5 Stars: Overall 2 Stars (691 funds rated); 3 Yrs. 2 Stars (691 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.
Total Returns
Month End
Average Annual As of 10/31/22 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 10/31/22 |
YTD 10/31/22 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Sustainable Balanced Fund
DRASX |
-8.14 | -19.19 | -18.76 | 2.07 | - | - | 2.13 |
Customized Blended Index (Sustainable Balanced)
|
-7.80 | -18.74 | -17.97 | 1.73 | 3.24 | 5.26 | - |
Quarter End
Average Annual As of 09/30/22 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 09/30/22 |
YTD 09/30/22 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Sustainable Balanced Fund
DRASX |
-6.73 | -21.91 | -18.74 | 1.53 | - | - | 1.45 |
Customized Blended Index (Sustainable Balanced)
|
-5.95 | -21.19 | -18.03 | 1.28 | 2.87 | 4.90 | - |
The Bloomberg Barclays MSCI US Aggregate ESG Select Sector Index is a fixed-rate, investment grade bond benchmark that follows the rules of the Bloomberg Barclays US Aggregate Index and applies additional sector and ESG criteria forsecurity eligibility. In addition, treasury, securitized, and class 2 government-related (agency, local authority, sovereign, supranational) and corporate (industrial, utility, and financial) sectors are weighted to match the individual sector exposures of the Bloomberg Barclays US Aggregate Index. Investors cannot invest directly in any index.
Growth of $10,000 Investment
Historical Performance
Yearly Total Return
Yearly
Prospectus Fee Table Expense Ratios
As of 03/01/22 Fee Description | Expense Ratio (%) |
---|---|
Management Fee | 0.11% |
Service Fee | 0.25% |
Other Expenses | 1.23% |
Total Expenses | 1.59% |
Expenses Reimbursed | 1.19% |
Net Expenses | 0.40% |
Portfolio Manager/Sub-Investment Adviser
Asset Allocation
Daily Statistics
As of 11/15/22 Name | NAV | Change |
03/29/22 12 Month High Nav |
10/14/22 12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|
DRASX
|
$12.69 |
$0.00
0.00%
|
$14.92 | $12.23 | -19.63% |
Main Risks
Equities are subject to market, market sector, market liquidity, issuer, and investment style risks, to varying degrees.
Currencies are subject to the risk that those currencies will decline in value relative to a local currency, or, in the case ofhedged positions, that the local currency will decline relative to the currency being hedged. Each of these risks could increase the fund?s volatility.
Investing in foreign denominated and/or domiciled securities involves special risks, including changes in currency exchange rates, political, economic, and social instability, limited company information, differing auditing and legal standards, and less market liquidity. These risks generally are greater with emerging market countries.
Impact investing and/or Environmental, Social and Governance (ESG) managers may take into consideration factors beyond traditional financial information to select securities, which could result in relative investment performance deviating from other strategies or broad market benchmarks, depending on whether such sectors or investments are in or out of favor in the market. Further, ESG strategies may rely on certain values based criteria to eliminate exposures found in similar strategies or broad marketbenchmarks, which could also result in relative investment performance deviating.
Recent market risks include pandemic risks related to COVID-19. The effects of COVID-19 have contributed to increased volatility in global markets and will likely affect certain countries, companies, industries and market sectors more dramatically than others. To the extent the fund may overweight its investments in certain countries, companies, industries or market sectors, such positions will increase the fund's exposure to risk of loss from adverse developments affecting those countries, companies, industries or sectors.
Dividend Schedule
As of
Year | Dividend ($) | Capital Gains ($) |
---|---|---|
2021 | 0.2126 | 0.0000 |
2020 | 0.2344 | 0.0000 |
2019 | 0.1862 | 0.0000 |
2018 | 0.4235 | 0.0000 |
2017 | 0.0360 | 0.0000 |
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 |
Reinvest NAV |
---|---|---|---|---|---|---|---|---|---|
12/21/21 | 12/22/21 | 12/22/21 | 0.0781 | 0.1345 | 0.0000 | 0.0000 | 0.0000 | 0.2126 | 15.64 |
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 |
Reinvest NAV |
---|---|---|---|---|---|---|---|---|---|
12/29/20 | 12/30/20 | 12/30/20 | 0.1237 | 0.1107 | 0.0000 | 0.0000 | 0.0000 | 0.2344 | - |
12/27/19 | 12/30/19 | 12/30/19 | 0.0609 | 0.1253 | 0.0000 | 0.0000 | 0.0000 | 0.1862 | - |
12/27/18 | 12/28/18 | 12/28/18 | 0.1709 | 0.0344 | 0.0000 | 0.0000 | 0.0000 | 0.2053 | - |
11/30/18 | 12/03/18 | 12/03/18 | 0.0000 | 0.0117 | 0.0000 | 0.0000 | 0.0000 | 0.0117 | - |
10/31/18 | 11/01/18 | 11/01/18 | 0.0000 | 0.0107 | 0.0000 | 0.0000 | 0.0000 | 0.0107 | - |
09/28/18 | 10/01/18 | 10/01/18 | 0.0000 | 0.0103 | 0.0000 | 0.0000 | 0.0000 | 0.0103 | - |
08/31/18 | 09/04/18 | 09/04/18 | 0.0000 | 0.0230 | 0.0000 | 0.0000 | 0.0000 | 0.0230 | - |
07/31/18 | 08/01/18 | 08/01/18 | 0.0000 | 0.0129 | 0.0000 | 0.0000 | 0.0000 | 0.0129 | - |
06/29/18 | 07/02/18 | 07/02/18 | 0.0000 | 0.0429 | 0.0000 | 0.0000 | 0.0000 | 0.0429 | - |
05/31/18 | 06/01/18 | 06/01/18 | 0.0000 | 0.0578 | 0.0000 | 0.0000 | 0.0000 | 0.0578 | - |
04/30/18 | 05/01/18 | 05/01/18 | 0.0000 | 0.0279 | 0.0000 | 0.0000 | 0.0000 | 0.0279 | - |
03/29/18 | 04/02/18 | 04/02/18 | 0.0000 | 0.0210 | 0.0000 | 0.0000 | 0.0000 | 0.0210 | - |
See all rows... |