BNY Mellon Dynamic Total Return Fund
- TICKER AVGYX
- Fund Code 0206
- CUSIP 05587N505
- SHARE CLASS
-
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Why invest in this Fund?
The fund seeks total return. The fund pursues its goal by normally investing in instruments that provide investment exposure to global equity, bond, currency and commodity markets, and in fixed-income securities. The fund may invest in instruments that provide economic exposure to developed and, to a limited extent, emerging market issuers. The fund may invest up to 30% of its net assets in emerging market issuers and considers emerging market countries to be those included in the Morgan Stanley Capital International Emerging Markets Index.
Morningstar Rating™ as of April 30, 2023 for the Class Y class shares; other classes may have different performance characteristics. Overall rating for the Macro Trading category. Fund ratings are out of 5 Stars: Overall 3 Stars (68 funds rated); 3 Yrs. 3 Stars (68 funds rated); 5 Yrs. 3 Stars (61 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
-
James Stavena, CFA
Portfolio Manager, Newton Investment Management North America, LLC
12 yr(s). on fund
-
Dimitri Curtil
Leader, Systematic Multi-asset Products and Solutions, Newton Investment Management North America, LLC
3 yr(s). on fund
-
Torrey Zaches, CFA
Portfolio Manager, Newton Investment Management North America, LLC
12 yr(s). on fund
-
Roberto Croce
Portfolio Manager, Newton Investment Management North America, LLC
Since June 2022
Total Returns
Month End
Average Annual As of 04/30/23 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 04/30/23 |
YTD 04/30/23 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Dynamic Total Return Fund
AVGYX |
0.42 | 2.91 | 2.56 | 4.49 | 2.96 | 3.71 | 3.16 |
Customized Blended Index (Dynamic Total Return)
|
1.71 | 7.33 | 0.67 | 5.49 | 4.34 | 5.10 | - |
Quarter End
Average Annual As of 03/31/23 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 03/31/23 |
YTD 03/31/23 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Dynamic Total Return Fund
AVGYX |
3.40 | 3.40 | -2.95 | 6.00 | 3.32 | 3.90 | 3.20 |
Customized Blended Index (Dynamic Total Return)
|
6.04 | 6.04 | -7.83 | 7.48 | 4.08 | 5.21 | - |
The MSCI World Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of developed markets. Investors cannot invest directly in any index. The FTSE World Government Bond Index (the "WGB Index") measures the performance of fixed-rate, local currency, investment-grade sovereign bonds. The WGB Index is a widely used benchmark that currently comprises sovereign debt from over 20 countries, denominated in a variety of currencies, and has more than 25 years of history available. The WGB Index provides a broad benchmark for the global sovereign fixed income market. Investors cannot invest directly in any index.
The total return performance figures presented for Class Y shares of the fund represent the performance of the fund's Class A for periods prior to July 01, 2013, the inception date for Class Y shares, and the performance of Class Y, respectively, from that inception date. Performance reflects the applicable class' distribution/servicing fees since the inception date. Had these fees and expenses been reflected for periods prior, performance would have been different.
Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.
Growth of $10,000 Investment
Historical Performance
Not available for purchase by individual investors.
Yearly Total Return
Yearly
Investment return fluctuates and past performance is no guarantee of future results.
Prospectus Fee Table Expense Ratios
As of 03/01/23 Fee Description | Expense Ratio (%) |
---|---|
Management Fee | 1.10% |
Other Expenses | 0.25% |
Total Expenses | 1.35% |
Expenses Reimbursed | 0.20% |
Net Expenses | 1.15% |
The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, for so long as the fund invests in the subsidiary, to waive the management fee it receives from the fund in the amount equal to the management fee paid to BNY Mellon Investment Adviser, Inc. by the subsidiary. In addition, BNY Mellon Investment Adviser, Inc. has also contractually agreed, until March 1, 2024, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of the fund's classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest expense, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed 1.15%. On or after March 1, 2024, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.
Portfolio Manager/Sub-Investment Adviser
Asset Allocation
Daily Statistics
As of 05/26/23 Name | NAV | Change |
08/16/22 12 Month High Nav |
06/17/22 12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|
AVGYX
|
$14.45 |
$0.03
0.21%
|
$14.84 | $13.12 | 2.41% |
Performance Metrics
Overall Morningstar Rating
MORNINGSTAR CATEGORY Macro Trading
Morningstar Rating™ as of 04/30/23 for the Class Y shares; other classes may have different performance
characteristics. Overall rating for the Macro Trading. Fund ratings are out of 5 Stars: Overall
3 Stars (68 funds rated); 3 Yrs.
3 Stars (68 funds rated); 5 Yrs.
3 Stars (61 funds rated); 10 Yrs.
Stars (29 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
66 out of 158 -
3 Year
80 out of 151 -
5 Year
68 out of 147 -
10 Year
out of
LIPPER CLASSIFICATION Alternative Global Macro Funds
Main Risks
Equities are subject to market, market sector, market liquidity, issuer, and investment style risks to varying degrees.
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. Short sales involve selling a security the portfolio does not own in anticipation that the security's price will decline. Short sales may involve risk and leverage, and expose the portfolio to the risk that it will be required to buy the security sold short at a time when the security has appreciated in value, thus resulting in a loss.
Commodities contain heightened risk including market, political, regulatory, and natural conditions, and may not be suitable for all investors.
Derivatives and commodity-linked 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. 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.
Risk Metrics
As of 04/30/23 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
---|---|---|---|---|---|
AVGYX
|
10.53 | -2.36 | 0.52 | 71.70 | 0.35 |
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 Index.
Dividend Schedule
Year | Dividend ($) | Capital Gains ($) |
---|---|---|
2022 | 0.2220 | 0.0000 |
2021 | 0.1169 | 2.7426 |
2019 | 0.2271 | 0.3310 |
2018 | 0.2288 | 0.0000 |
2017 | 0.0000 | 0.8172 |
2016 | 0.0000 | 0.0294 |
2014 | 0.0296 | 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 |
---|---|---|---|---|---|---|---|---|---|
12/19/22 | 12/20/22 | 12/20/22 | 0.2220 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.2220 | 14.12 |
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 |
---|---|---|---|---|---|---|---|---|---|
12/17/21 | 12/20/21 | 12/20/21 | 0.1169 | 0.0000 | 1.1668 | 0.0000 | 1.5758 | 2.8595 | - |
12/20/19 | 12/23/19 | 12/23/19 | 0.2271 | 0.0000 | 0.2282 | 0.0000 | 0.1028 | 0.5581 | - |
12/19/18 | 12/20/18 | 12/20/18 | 0.2035 | 0.0253 | 0.0000 | 0.0000 | 0.0000 | 0.2288 | - |
12/21/17 | 12/22/17 | 12/22/17 | 0.0000 | 0.0000 | 0.4630 | 0.0275 | 0.3267 | 0.8172 | - |
12/22/16 | 12/23/16 | 12/23/16 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0294 | 0.0294 | - |
03/28/14 | 03/31/14 | 03/31/14 | 0.0000 | 0.0296 | 0.0000 | 0.0000 | 0.0000 | 0.0296 | - |
Literature
PRODUCT MATERIALS
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BNY Mellon Dynamic Total Return Fund - Investment Report | Download | Share | ||
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Factsheet, Prospectus and Reports
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