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    BNY Mellon Emerging Markets Fund

    Overview

    Why invest in this Fund?

    The fund seeks long-term capital growth.

    To pursue its goal, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies organized, or with a majority of assets or operations, in countries considered to be emerging markets. Normally, the fund will invest in a broad range of (and in any case at least five different) emerging market countries. The fund may invest in companies of any size.

    The fund’s cash inflows are invested in equity securities of companies located in the foreign countries represented in the Morgan Stanley Capital International Emerging Markets (Free) Index (the “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 Emerging Markets Index, has a below-average price/earnings ratio and an above-average earnings growth trend.
    Class Inception Date
    07/11/01
    Fund Assets
    $305,572,445  As of  09/22/23
    Class Assets
    $19,268,035  As of  09/22/23
    Portfolio Turnover Rate
    60.15% As of fiscal year end  08/31/22
    Morningstar Category
    Diversified Emerging Markets
    Benchmark
    MSCI Emerging Markets Index
    Morningstar Overall Rating
    Fund Holdings
    78 As of 08/31/23

    Morningstar Rating™ as of August 31, 2023 for the Investor Shares class shares; other classes may have different performance characteristics. Overall rating for the Diversified Emerging Markets category. Fund ratings are out of 5 Stars: Overall 3 Stars (718 funds rated); 3 Yrs. 3 Stars (718 funds rated); 5 Yrs. 3 Stars (644 funds rated); 10 Yrs. 2 Stars (389 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.

     

    Portfolio Managers

    • Paul Birchenough

      Paul Birchenough

      Co-Lead Portfolio Manager, Newton Investment Management Limited

      Since October 2022
    • Ian Smith

      Ian Smith

      Co-Lead Portfolio Manager, Newton Investment Management Limited

      Since October 2022
    • Alex Khosla

      Alex Khosla

      Portfolio Manager, Newton Investment Management Limited

      Since October 2022
    Performance

    Total Returns

    Month End

    Average Annual
    As of 08/31/23
    Name 3 MO
    08/31/23     		YTD
    08/31/23     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Emerging Markets Fund
    MIEGX
    		1.44 4.00 0.87 -0.52 1.09 2.60 7.07
    MSCI Emerging Markets Index
    		3.47 4.55 1.25 -1.39 0.98 2.99 -

    Quarter End

    Average Annual
    As of 06/30/23
    Name 3 MO
    06/30/23     		YTD
    06/30/23     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Emerging Markets Fund
    MIEGX
    		1.90 7.05 4.40 4.12 1.17 2.87 7.27
    MSCI Emerging Markets Index
    		0.90 4.89 1.75 2.32 0.93 2.95 -

    The MSCI Emerging Markets Index is a free float-adjusted market capitalization-weighted index that is designed to measure equity market performance of emerging markets. Reflects reinvestment of net dividends and, where applicable, capital gain distributions. 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.

      Fees & Expenses

      Prospectus Fee Table Expense Ratios

      As of  04/01/23 Fee Description Expense Ratio (%)
      Management Fee 1.15%
      Service Fee 0.25%
      Administration Fee 0.13%
      Other Expenses 0.15%
      Total Expenses 1.68%
      Expenses Reimbursed 0.25%
      Net Expenses 1.43%
      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 .25% of the value of the fund's average daily net assets until April 1, 2024. On or after April 1, 2024, BNY Mellon Investment Adviser, Inc. may terminate this waiver agreement at any time.
      Portfolio

      Portfolio Manager/Sub-Investment Adviser

      The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser) and the fund's sub-adviser is Newton Investment Management Limited (NIM), an affiliate of BNYM Investment Adviser. Paul Birchenough, Alex Khosla and Ian Smith are the fund's primary portfolio managers, positions they have held since October 2022. Messrs. Birchenough and Smith are the co-lead portfolio managers of the fund. Each portfolio manager is an investment manager on the emerging markets equity team at NIM.

      Top Holdings

      Download Total Holdings
      As of 08/31/23

      Asset Allocation

          Stats & Risks

          Daily Statistics

          As of 09/22/23 Name NAV Change 12/01/22  12 Month 
          High Nav           		12/28/22  12 Month 
          Low Nav           		YTD Return
          MIEGX
          		$9.63
          $0.10
          1.05%
          		$11.08 $9.46 1.37%

          Performance Metrics

          Overall Morningstar Rating

          MORNINGSTAR CATEGORY Diversified Emerging Markets

          Morningstar Rating™ as of 08/31/23 for the Investor Shares shares; other classes may have different performance characteristics. Overall rating for the Diversified Emerging Markets. Fund ratings are out of 5 Stars: Overall 3 Stars (718 funds rated); 3 Yrs. 3 Stars (718 funds rated); 5 Yrs. 3 Stars (644 funds rated); 10 Yrs. 2 Stars (389 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
            596 out of 792
          • 3 Year
            266 out of 698
          • 5 Year
            325 out of 623
          • 10 Year
            220 out of 374

          LIPPER CLASSIFICATION

          Lipper Category returns and rankings 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

          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 denominated 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 and less liquid 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  08/31/23  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          MIEGX
          		18.00 -4.02 0.93 78.01 -0.05

          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.


          Distributions

          Dividend Schedule

          Declared
          Annually
          Distributed
          Annually
          Paid
          Annually
          Fiscal Year End
          Aug 31
          Year Dividend ($) Capital Gains ($)
          2022 1.2459 0.0000
          2021 0.2431 0.0000
          2020 0.1279 0.0000
          2019 0.1074 0.0000
          2018 0.0489 0.0000
          2017 0.0720 0.0000
          2016 0.0500 0.0000
          2015 0.0370 0.0000
          2014 0.1150 0.0000
          2013 0.0830 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           		Reinvest 
          NAV
          12/13/22 12/14/22 12/14/22 0.4151 0.8308 0.0000 0.0000 0.0000 1.2459 9.72
          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
          12/14/21 12/15/21 12/15/21 0.0000 0.2431 0.0000 0.0000 0.0000 0.2431 -
          12/14/20 12/15/20 12/15/20 0.0170 0.1109 0.0000 0.0000 0.0000 0.1279 -
          12/12/19 12/13/19 12/13/19 0.0000 0.1074 0.0000 0.0000 0.0000 0.1074 -
          12/12/18 12/13/18 12/13/18 0.0000 0.0489 0.0000 0.0000 0.0000 0.0489 -
          12/13/17 12/14/17 12/14/17 0.0000 0.0720 0.0000 0.0000 0.0000 0.0720 -
          12/14/16 12/15/16 12/15/16 0.0000 0.0500 0.0000 0.0000 0.0000 0.0500 -
          12/15/15 12/16/15 12/16/15 0.0000 0.0370 0.0000 0.0000 0.0000 0.0370 -
          12/16/14 12/17/14 12/17/14 0.0000 0.1150 0.0000 0.0000 0.0000 0.1150 -
          12/17/13 12/18/13 12/18/13 0.0000 0.0830 0.0000 0.0000 0.0000 0.0830 -
          12/18/12 12/19/12 12/19/12 0.0000 0.0690 0.0000 0.0000 0.0000 0.0690 -
          12/19/11 12/20/11 12/20/11 0.0000 0.0946 0.0000 0.0000 0.3113 0.4059 -
          12/20/10 12/21/10 12/21/10 0.0000 0.0400 0.0000 0.0000 0.0000 0.0400 -
          12/21/09 12/22/09 12/22/09 0.0000 0.0600 0.0000 0.0000 0.0000 0.0600 -
          12/19/08 12/22/08 12/22/08 0.1390 0.2100 0.3958 0.5982 3.3280 4.6710 -
          12/20/07 12/21/07 12/21/07 0.1044 0.0486 0.9986 0.4644 4.6360 6.2520 -
          12/21/06 12/22/06 12/22/06 0.0878 0.0640 0.6970 0.5085 6.1126 7.4699 -
          12/27/05 12/28/05 12/28/05 0.1417 0.2463 0.1932 0.3356 2.4390 3.3558 -
          12/30/04 12/31/04 12/31/04 0.0554 0.0426 0.4674 0.3589 0.7497 1.6740 -
          12/29/03 12/30/03 12/30/03 0.0220 0.0600 0.1760 0.0000 0.0540 0.3120 -
          12/27/02 12/30/02 12/30/02 0.0890 0.0000 0.2420 0.0000 0.0000 0.3690 -
          12/26/01 12/27/01 12/27/01 0.1800 0.0000 0.3260 0.0000 0.0000 0.5060 -
          See all rows...
          Literature

          Literature

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