BNY Mellon International Fund
- TICKER MIINX
- Fund Code 0907
- CUSIP 05569M863
- SHARE CLASS
-
Literature Download
Why invest in this Fund?
The fund seeks long-term capital growth.
To pursue its goal, the fund normally invests at least 65% of its total assets in equity securities of foreign issuers. Foreign issuers are companies organized under the laws of a foreign country, whose principal trading market is in a foreign country or with a majority of their assets or business outside the United States. The fund invests principally in common stocks, but the fund’s equity investments also may included preferred stocks and convertible securities, including those purchased in initial public offerings (IPOs) or shortly thereafter. The fund may invest in companies of any size and will limit its investments in any single company to no more than 5% of the fund’s assets at the time of purchase. The fund may also invest in American Depository Receipts (ADRs), which are U.S. dollardenominated securities that represent indirect ownership of securities issued by foreign companies, as well as in exchangetraded funds (ETFs) and similarly structured pooled investments in order to provide exposure to certain equity markets while maintaining liquidity.
The fund’s cash inflows are invested in equity securities of companies located in the foreign countries represented in the Morgan Stanley Capital International Europe, Australia and Far East Index (MSCI EAFE Index).
The stocks purchased may have value and/or growth characteristics. The portfolio managers employ a bottom-up investment approach which emphasizes individual stock selection. The stock selection process is designed to produce a diversified portfolio that, relative to the MSCI EAFE Index, has a below-average price/earnings ratio and an above-average earnings growth trend.
To pursue its goal, the fund normally invests at least 65% of its total assets in equity securities of foreign issuers. Foreign issuers are companies organized under the laws of a foreign country, whose principal trading market is in a foreign country or with a majority of their assets or business outside the United States. The fund invests principally in common stocks, but the fund’s equity investments also may included preferred stocks and convertible securities, including those purchased in initial public offerings (IPOs) or shortly thereafter. The fund may invest in companies of any size and will limit its investments in any single company to no more than 5% of the fund’s assets at the time of purchase. The fund may also invest in American Depository Receipts (ADRs), which are U.S. dollardenominated securities that represent indirect ownership of securities issued by foreign companies, as well as in exchangetraded funds (ETFs) and similarly structured pooled investments in order to provide exposure to certain equity markets while maintaining liquidity.
The fund’s cash inflows are invested in equity securities of companies located in the foreign countries represented in the Morgan Stanley Capital International Europe, Australia and Far East Index (MSCI EAFE Index).
The stocks purchased may have value and/or growth characteristics. The portfolio managers employ a bottom-up investment approach which emphasizes individual stock selection. The stock selection process is designed to produce a diversified portfolio that, relative to the MSCI EAFE Index, has a below-average price/earnings ratio and an above-average earnings growth trend.
Class Inception Date
07/11/01
Fund Assets
$253,344,757
As of 04/18/24
Class Assets
$15,294,213
As of 04/18/24
Portfolio Turnover Rate
63.06%
As of fiscal year end 08/31/23
Morningstar Category
Foreign Large Blend
Benchmark
MSCI EAFE® Index
Fund Holdings
72
As of 03/31/24
Portfolio Managers
-
James A. Lydotes, CFA
Deputy CIO, Newton Investment Management North America, LLC
Managing Fund Since 2015
Joined Firm in 1998
Joined Industry in 1998
Total Returns
Month End
|
Average Annual As of 03/31/24 |
|||||||
|---|---|---|---|---|---|---|---|
| Name |
3 MO 03/31/24 |
YTD 03/31/24 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
|
BNY Mellon International Fund
MIINX |
4.39 | 4.39 | 11.15 | 2.51 | 5.62 | 3.44 | 4.87 |
|
MSCI EAFE® Index
|
5.78 | 5.78 | 15.32 | 4.78 | 7.33 | 4.80 | - |
Quarter End
|
Average Annual As of 03/31/24 |
|||||||
|---|---|---|---|---|---|---|---|
| Name |
3 MO 03/31/24 |
YTD 03/31/24 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
|
BNY Mellon International Fund
MIINX |
4.39 | 4.39 | 11.15 | 2.51 | 5.62 | 3.44 | 4.87 |
|
MSCI EAFE® Index
|
5.78 | 5.78 | 15.32 | 4.78 | 7.33 | 4.80 | - |
The MSCI EAFE Index (Europe, Australasia, Far East) is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of developed markets, excluding the U.S. and Canada. Investors cannot invest directly in any index.
Growth of $10,000 Investment
Historical Performance
Yearly Total Return
Yearly
Investment return fluctuates and past performance is no guarantee of future results.
Prospectus Fee Table Expense Ratios
| As of 12/29/23 Fee Description | Expense Ratio (%) |
|---|---|
| Management Fee | 0.85% |
| Service Fee | 0.25% |
| Administration Fee | 0.14% |
| Other Expenses | 0.08% |
| Total Expenses | 1.32% |
| Expenses Reimbursed | 0.20% |
| Net Expenses | 1.12% |
The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed to waive receipt of a portion of its management fee in the amount of .20% of the value of the fund's average daily net assets until December 29, 2024. On or after December 29, 2024, BNY Mellon Investment Adviser, Inc. may terminate this waiver agreement at any time.
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. James A. Lydotes, CFA is the fund's primary portfolio manager of the fund since December 2015. Mr. Lydotes is a managing director and senior portfolio manager for the Global Equity team at Newton.
Asset Allocation
Daily Statistics
| As of 04/18/24 Name | NAV | Change |
03/27/24 12 Month High Nav |
10/27/23 12 Month Low Nav |
YTD Return |
|---|---|---|---|---|---|
|
MIINX
|
$14.92 |
$0.04
0.27%
|
$15.51 | $13.56 | 0.67% |
Main Risks
Equity funds are subject generally to market, market sector, market liquidity, issuer, and investment style risks, among other factors, to varying degrees, all of which are more fully described in the fund's prospectus.
The fund's performance will be influenced by political, social and economic factors affecting investments in foreign issuers. These special risks include exposure to currency fluctuations, less liquidity, less developed or less efficient trading markets, lack of comprehensive company information, political and economic instability and differing auditing and legal standards. Investments in foreign currencies are subject to the risk that those currencies will decline in value relative to the U.S. dollar, or, in the case of hedged positions, that the U.S. dollar will decline relative to the currency being hedged.
Emerging markets tend to be more volatile than the markets of more mature economies, and generally have less diverse and less mature economic structures and less stable political systems than those of developed countries.
Please refer to the prospectus for a more complete discussion of the fund's main risks.
The fund's performance will be influenced by political, social and economic factors affecting investments in foreign issuers. These special risks include exposure to currency fluctuations, less liquidity, less developed or less efficient trading markets, lack of comprehensive company information, political and economic instability and differing auditing and legal standards. Investments in foreign currencies are subject to the risk that those currencies will decline in value relative to the U.S. dollar, or, in the case of hedged positions, that the U.S. dollar will decline relative to the currency being hedged.
Emerging markets tend to be more volatile than the markets of more mature economies, and generally have less diverse and less mature economic structures and less stable political systems than those of developed countries.
Please refer to the prospectus for a more complete discussion of the fund's main risks.
Risk Metrics
| As of 03/31/24 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
|---|---|---|---|---|---|
|
MIINX
|
17.61 | 0.76 | 1.02 | 90.64 | 0.06 |
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 ex USA Index.
Dividend Schedule
Declared
Annually
Distributed
Annually
Paid
Annually
Fiscal Year End
Aug 31
| Year | Dividend ($) | Capital Gains ($) |
|---|---|---|
| 2023 | 0.4866 | 0.0000 |
| 2022 | 0.5238 | 0.0000 |
| 2021 | 0.2536 | 0.0000 |
| 2020 | 0.2721 | 0.0000 |
| 2019 | 0.3054 | 0.0000 |
| 2018 | 0.2234 | 0.0000 |
| 2017 | 0.1810 | 0.0000 |
| 2016 | 0.1950 | 0.0000 |
| 2015 | 0.1230 | 0.0000 |
| 2014 | 0.1720 | 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
| 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 |
|---|---|---|---|---|---|---|---|---|
| 12/13/23 | 12/14/23 | 12/14/23 | 0.0000 | 0.4866 | 0.0000 | 0.0000 | 0.0000 | 0.4866 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| 12/13/22 | 12/14/22 | 12/14/22 | 0.0000 | 0.5238 | 0.0000 | 0.0000 | 0.0000 | 0.5238 |
| 12/14/21 | 12/15/21 | 12/15/21 | 0.0000 | 0.2536 | 0.0000 | 0.0000 | 0.0000 | 0.2536 |
| 12/14/20 | 12/15/20 | 12/15/20 | 0.0000 | 0.2721 | 0.0000 | 0.0000 | 0.0000 | 0.2721 |
| 12/12/19 | 12/13/19 | 12/13/19 | 0.0000 | 0.3054 | 0.0000 | 0.0000 | 0.0000 | 0.3054 |
| 12/12/18 | 12/13/18 | 12/13/18 | 0.0000 | 0.2234 | 0.0000 | 0.0000 | 0.0000 | 0.2234 |
| 12/13/17 | 12/14/17 | 12/14/17 | 0.0000 | 0.1810 | 0.0000 | 0.0000 | 0.0000 | 0.1810 |
| 12/14/16 | 12/15/16 | 12/15/16 | 0.0000 | 0.1950 | 0.0000 | 0.0000 | 0.0000 | 0.1950 |
| 12/14/15 | 12/15/15 | 12/15/15 | 0.0000 | 0.1230 | 0.0000 | 0.0000 | 0.0000 | 0.1230 |
| 12/15/14 | 12/16/14 | 12/16/14 | 0.0000 | 0.1720 | 0.0000 | 0.0000 | 0.0000 | 0.1720 |
| 12/16/13 | 12/17/13 | 12/17/13 | 0.0000 | 0.1810 | 0.0000 | 0.0000 | 0.0000 | 0.1810 |
| 12/17/12 | 12/18/12 | 12/18/12 | 0.0000 | 0.2860 | 0.0000 | 0.0000 | 0.0000 | 0.2860 |
| 12/14/11 | 12/15/11 | 12/15/11 | 0.0000 | 0.3090 | 0.0000 | 0.0000 | 0.0000 | 0.3090 |
| See all rows... |
Literature
Factsheet, Prospectus and Reports
- Download
- Share
- Subscribe
- Order
