BNY Mellon Broad Opportunities Fund

Why invest in this Fund?

The fund seeks total return (consisting of capital appreciation and income). To pursue its goal, the fund normally allocates its assets among a broad range of asset classes, including equities, fixed income, currencies, real estate, listed infrastructure and commodities, in developed and emerging markets. The fund will seek to gain exposure to various asset classes, including real estate, listed infrastructure and commodities, through direct investments in securities or derivative instruments and by investing in other investment companies (underlying funds), including exchange-traded funds (ETFs).

The fund's sub-adviser dynamically adjusts the allocation of the fund's investments in seeking to opportunistically take advantage of investment strategies that are particularly attractive at the time of implementation, while limiting downside risk and volatility over a market cycle (typically five years).
Min. class investment
$1,000
Class Inception Date
11/27/17
Class Status
Not available for purchase by individual investors.
Fund Assets
$30,816,597  As of  10/18/19
Class Assets
$14,384,722  As of  10/18/19
Portfolio Turnover Rate
8.67%  As of fiscal year end  10/31/18
Morningstar Category
Multialternative
Benchmark
FTSE One-Month U.S. Treasury Bill Index

As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Broad Opportunities Fund
DIOIX
6.72 - - - 4.09 11/27/17
FTSE One-Month U.S. Treasury Bill Index
2.33 1.48 0.92 0.49 - -
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Broad Opportunities Fund
DIOIX
6.72 - - - 4.09 11/27/17
FTSE One-Month U.S. Treasury Bill Index
2.33 1.48 0.92 0.49 - -
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Broad Opportunities Fund
DIOIX
6.72 - - - 7.66 11/27/17
FTSE One-Month U.S. Treasury Bill Index
2.33 4.51 4.69 4.99 - -
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Broad Opportunities Fund
DIOIX
6.72 - - - 7.66 11/27/17
FTSE One-Month U.S. Treasury Bill Index
2.33 4.51 4.69 4.99 - -
The FTSE One-Month U.S.Treasury Bill Index consists of the last one-month Treasury bill month-end rates. The FTSE One-Month U.S. Treasury Bill Index measures return equivalents of yield averages. The instruments are not marked to market. 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
    DIOIX
    -4.35%

    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 0.75%
    Other Expenses 1.35%
    Acquired Fund Fees & Expenses 0.08%
    Total Expenses 2.18%
    Expenses Reimbursed 1.15%
    Net Expenses 1.03%
    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 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 .95%. 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. and the fund's sub-adviser is Insight Investment International Limited, an affiliate of BNY Mellon Investment Adviser, Inc. and a subsidiary of Insight Investment Management Limited. Matthew Merritt, Steve Waddington and Michael Ford are the fund's primary portfolio managers, positions they have held since the fund's inception in November 2017. Messrs. Merritt, Waddington and Ford are portfolio managers on the sub-adviser's multi-asset strategy team, of which Mr. Merritt is the head.

    Asset Allocation


        Daily Statistics

        As of  10/18/19 Name NAV Change 09/30/19  12 Month 
        High Nav
        12/27/18  12 Month 
        Low Nav
        YTD Return
        DIOIX
        $12.84
        -$0.02
        -0.16%
        $12.90 $11.52 10.88%

        Main Risks

        Bonds are subject to interest rate, credit, liquidity, call and market risks, to varying degrees. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines.

        Commodities contain heightened risk including market, political, regulatory, and natural conditions, and may not be suitable for all investors.

        Derivatives and commodity-linked derivatives involve risks different from, or possibly greater than, the risks associated with investing directly in the underlying assets. Derivatives can be highly volatile, illiquid, and difficult to value and there is the risk that changes in the value of a derivative held by the portfolio will not correlate with the underlying instruments or the portfolio's other investments. Commodity-linked derivative instruments may involve additional costs and risks such as commodity index volatility or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments.

        The use of derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in the underlying assets. Derivatives can be highly volatile, illiquid, and difficult to value and there is the risk that changes in the value of a derivative held by the portfolio will not correlate with the underlying instruments or the portfolio's other investments. 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.

        Equities are subject to market, market sector, market liquidity, issuer, and investment style risks, to varying degrees.

        Currencies are can decline in value relative to a local currency, or, in the case of hedged positions, the local currency will decline relative to the currency being hedged. These risks may increase fund volatility.

        High yield bonds involve increased credit and liquidity risk than higher rated bonds and are considered speculative in terms of the issuer's ability to pay interest and repay principal on a timely basis.

        Stocks that invest predominantly in infrastructure sectors and projects may be subject to a variety of factors that may adversely affect their development, including high amounts of leverage and high interest costs due to capital construction and improvement programs; difficulty in raising adequate capital on reasonable terms in periods of high inflation and unsettled capital markets; and costs associated with changes in environmental and other regulations. Funds that focus on a single sector or asset class may also experience higher volatility than funds that have more diversified portfolios.

        Investing in real estate securities is similar to direct investments in real estate, including falling property values due to increasing vacancies or declining rents resulting from economic, legal, political or technological developments, lack of liquidity, limited diversification and sensitivity to certain economic factors such as interest rate changes and market recessions.

        Risk Metrics

        As of  09/30/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DIOIX
        - - - - -

        Dividend Schedule

        Declared
        Annually
        Distributed
        Annually
        Paid
        Annually
        Fiscal Year End
        Oct 31

        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
        DIOIX
        0.2768 0.2219 0.0000 0.0000 0.0000 0.4987 11.53
        Record Date Ex-Dividend Date Payable Date
        DIOIX
        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
        DIOIX
        Final 0.2768 0.2219 0.0000 0.0000 0.0000 0.4987 11.53
        Record Date Ex-Dividend Date Payable Date
        DIOIX
        12/24/18 12/26/18 12/26/18