BNY Mellon Sustainable Balanced Fund

Why invest in this Fund?

The fund seeks long-term capital appreciation. The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in the equity securities of issuers that demonstrate attractive investment attributes and sustainable business practices and have no material unresolvable environmental, social and governance (ESG) issues and in debt securities included in the Bloomberg Barclays MSCI U.S. Aggregate ESG-Weighted Select Sector Neutral Index. The fund's investments are allocated among equity and equity-related securities and debt and debt-related securities. Under normal market conditions, generally 60% of the fund's net assets will be allocated to equity and equity-related investments and 40% of the fund's net assets will be allocated to debt and debt-related securities.

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.

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.

Investors should discuss with their advisor the eligibility requirements for Class K shares and the historical results achieved by the fund's respective share classes.
Min. class investment
$50,000,000
Class Inception Date
11/30/17
Class Status
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.
Fund Assets
$12,300,193  As of  08/22/19
Class Assets
$11,332,173  As of  08/22/19
Portfolio Turnover Rate
81.07%  As of fiscal year end  10/31/18
Morningstar Category
World Allocation
Fund Holdings
263  As of  07/31/19

As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Sustainable Balanced Fund
DRAKX
-0.62 - - - 0.96 11/30/17
As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Sustainable Balanced Fund
DRAKX
0.69 - - - 0.70 11/30/17
As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Sustainable Balanced Fund
DRAKX
-0.62 - - - 1.60 11/30/17
As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Sustainable Balanced Fund
DRAKX
0.69 - - - 1.10 11/30/17

Growth of $10,000 Investment

Historical Performance

    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.

    Yearly Total Return

    Fund 2018
    DRAKX
    -10.27%

    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 0.11%
    Other Expenses 1.80%
    Total Expenses 1.91%
    Expenses Reimbursed 1.76%
    Net Expenses 0.15%

    Prospectus Fee Table Expense Ratios

    As of  05/08/19 Fee Description Expense Ratio (%)
    Management Fee 0.11%
    Other Expenses 1.64%
    Total Expenses 1.75%
    Expenses Reimbursed 1.60%
    Net Expenses 0.15%
    The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until April 1, 2020, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of neither class (excluding shareholder services fees, taxes, interest, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed .15%. On or after April 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, BNY Mellon Investment Adviser, Inc. has engaged its affiliate, Newton, to serve as the fund's sub-adviser responsible for the portion of the fund's assets allocated to equity and equity-related investments and overall asset allocation for the fund. BNY Mellon Investment Adviser, Inc. has engaged its affiliate, Mellon, to serve as the fund's sub-adviser responsible for the portion of the fund's assets allocated to debt and debt-related investments. Yuko Takano and Rob Stewart are the fund's primary portfolio managers responsible for the portion of the fund's assets allocated to Newton and for overall asset allocation for the fund, positions they have held since April 2019. Ms. Takano is a member of the Global Equity team and a portfolio manager on the Sustainable Global Equity strategy at Newton. Mr. Stewart is Head of Responsible Research at Newton. Newton's Responsible Research team is responsible for fundamental ESG research and analysis, controversy monitoring, company engagement and active proxy voting. Paul Benson, Karen Wong and Nancy Rogers are the fund's primary portfolio managers for the portion of the fund's assets allocated to Mellon, positions they have held since April 2019. Mr. Benson is Managing Director - Head of Fixed Income Index and Multi-Factor Fixed Income at Mellon. Ms. Wong is a Managing Director - Head of Index Investments at Mellon. Ms. Rogers is a Director - Senior Portfolio Manager at Mellon.

    Top Holdings

    As of  07/31/19   Holdings % Portfolio  Weight
    Fannie Mae, 3.5%, 08/01/2049 2.05
    Fannie Mae, 4%, 08/01/2049 1.69
    Microsoft 1.61
    Apple 1.36
    Fannie Mae, 3%, 08/01/2049 1.28
    Ginnie Mae, 3.5%, 08/20/2049 1.13
    United States Treasury Note/Bond, 2.25%, 07/31/2021 1.10
    Amazon.com 0.91
    United States Treasury Note/Bond, 1.125%, 07/31/2021 0.90
    United States Treasury Note/Bond, 1.25%, 10/31/2021 0.79

    Asset Allocation


        Daily Statistics

        As of  08/22/19 Name NAV Change 09/21/18  12 Month 
        High Nav
        01/03/19  12 Month 
        Low Nav
        YTD Return
        DRAKX
        $12.12
        -$0.02
        -0.16%
        $12.38 $10.83 11.00%

        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.

        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 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.

        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 market benchmarks, which could also result in relative investment performance deviating.

        Risk Metrics

        As of  07/31/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DRAKX
        - - - - -

        Dividend Schedule

        Declared
        Annually
        Distributed
        Annually
        Paid
        Annually
        Fiscal Year End
        Oct 31
        Year Dividend ($) Capital Gains ($)
        2019 0.0012 0.0000
        2018 0.4524 0.0000
        2017 0.0380 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

        (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
        DRAKX
        0.0000 0.0012 0.0000 0.0000 0.0000 0.0012 11.66
        Record Date Ex-Dividend Date Payable Date
        DRAKX
        01/31/19 02/01/19 02/01/19
        (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
        DRAKX
        Final 0.1731 0.0349 0.0000 0.0000 0.0000 0.2080 10.89
        Record Date Ex-Dividend Date Payable Date
        DRAKX
        12/27/18 12/28/18 12/28/18