Please ensure Javascript is enabled for purposes of website accessibility

    BNY Mellon Natural Resources Fund

    Overview

    Why invest in this Fund?

    The fund seeks long-term growth of capital. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in common stocks or securities convertible into common stocks (such as convertible preferred stocks, warrants and convertible bonds) of foreign companies and depositary receipts evidencing ownership in such securities. At least 75% of the fund’s net assets will be invested in countries represented in the MSCI EAFE Index.
    Min. class investment
    $1,000
    Class Inception Date
    10/31/03
    Fund Assets
    $1,121,068,321  As of  05/26/23
    Class Assets
    $30,493,438  As of  05/26/23
    Portfolio Turnover Rate
    76.19% As of fiscal year end  09/30/22
    Morningstar Category
    Natural Resources
    Benchmark
    S&P Global Natural Resources Index
    Morningstar Overall Rating
    Fund Holdings
    45 As of 04/30/23

    Morningstar Rating™ as of April 30, 2023 for the Class C class shares; other classes may have different performance characteristics. Overall rating for the Natural Resources category. Fund ratings are out of 5 Stars: Overall 3 Stars (108 funds rated); 3 Yrs. 5 Stars (108 funds rated); 5 Yrs. 3 Stars (101 funds rated); 10 Yrs. 3 Stars (88 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

    • Albert Chu

      Albert Chu

      Research Analyst, Newton Investment Management North America, LLC

      3 yr(s). on fund
    • David Intoppa

      David Intoppa

      Research Analyst, Newton Investment Management North America, LLC

      2 yr(s). on fund
    Performance

    Total Returns

    Click here to see SALES CHARGE  Max Sales Charge:  1.00%  CDSC Load

    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 Natural Resources Fund
    DLDCX
    		-10.10 -3.71 -0.11 36.53 11.50 7.65 8.94
    S&P Global Natural Resources Index
    		-6.68 0.36 -0.89 22.25 6.73 5.23 -

    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 Natural Resources Fund
    DLDCX
    		-3.73 -3.73 -4.35 43.24 12.70 7.25 8.98
    S&P Global Natural Resources Index
    		0.57 0.57 -5.01 27.73 7.82 5.11 -

    The S&P Global Natural Resources Index includes 90 of the largest publicly traded companies in natural resources and commodities businesses that meet specific investability requirements, offering investors diversified and investable equity exposure across three primary commodity-related sectors: agribusiness, energy, and metals & mining. Investors cannot invest directly in any index.

    Growth of $10,000 Investment

    Historical Performance

      These figures do not reflect the maximum sales charge which, if included, would reduce return.

      Yearly Total Return

      Yearly

      Investment return fluctuates and past performance is no guarantee of future results.

      Fees & Expenses

      Redemption Charge

      As of    REDEMPTION YEAR CDSC
      Year  1 1.00

      Class C shares are subject to a contingent deferred sales charge (CDSC) imposed on Class C shares redeemed within one year of purchase.

      Prospectus Fee Table Expense Ratios

      As of  02/01/23 Fee Description Expense Ratio (%)
      Management Fee 0.75%
      12B-1 Fee 0.75%
      Service Fee 0.25%
      Other Expenses 0.12%
      Total Expenses 1.87%
      Total Expenses is the total annual operating expense ratio for the fund, before any fee waivers or expense reimbursements. Net Expenses is the total annual operating expense ratio for the fund, after any applicable fee waivers or expense reimbursements. The Total Expenses, or Net Expenses (if including fee waivers or expense reimbursements) is the actual fund expense ratio applicable to investors.
      Portfolio

      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. Albert Chu, CFA and David S. Intoppa are the fund's primary portfolio managers, positions they have held since October 2019 and November 2020, respectively. Mr. Chu is a vice president and senior research analyst on the Global Equity Research team at Newton Investment Management North America LLC (Newton), an affiliate of BNYM Investment Adviser. Mr. Intoppa is a director and senior research analyst on the Dynamic Large Cap Value Strategy at Newton.

      Top Holdings

      Download Total Holdings
      As of 04/30/23

      Asset Allocation

          Stats & Risks

          Daily Statistics

          As of 05/26/23 Name NAV Change 06/07/22  12 Month 
          High Nav           		07/14/22  12 Month 
          Low Nav           		YTD Return
          DLDCX
          		$41.06
          $0.20
          0.49%
          		$55.51 $40.14 -9.42%

          Performance Metrics

          Overall Morningstar Rating

          MORNINGSTAR CATEGORY Natural Resources

          Morningstar Rating™ as of 04/30/23 for the Class C shares; other classes may have different performance characteristics. Overall rating for the Natural Resources. Fund ratings are out of 5 Stars: Overall 3 Stars (108 funds rated); 3 Yrs. 5 Stars (108 funds rated); 5 Yrs. 3 Stars (101 funds rated); 10 Yrs. 3 Stars (88 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
            47 out of 56
          • 3 Year
            32 out of 56
          • 5 Year
            5 out of 55
          • 10 Year
            3 out of 45

          LIPPER CLASSIFICATION Natural Resources Funds

          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

          Equities are subject to market, market sector, market liquidity, issuer, and investment style risks to varying degrees.
          Small and midsized company stocks tend to be more volatile and less liquid than larger company stocks as these companies are less established and have more volatile earnings histories.
          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.
          The natural resources sector can be affected by events occurring in nature, inflation, and domestic and international politics. Interest rates, commodity prices, economic, tax, and energy developments, and government regulations may affect the natural resources sector and the share prices of the companies in the sector.

          Risk Metrics

          As of  04/30/23  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DLDCX
          		26.36 21.95 1.01 43.10 1.27

          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.


          Distributions

          Dividend Schedule

          Declared
          Annually
          Distributed
          Annually
          Paid
          Annually
          Fiscal Year End
          Sep 30
          Year Dividend ($) Capital Gains ($)
          2022 0.3534 4.2238
          2021 0.2427 1.5704
          2020 0.1792 0.0000
          2019 0.3207 0.0000
          2018 0.2135 0.0000
          2016 0.1879 0.0000
          2015 0.0623 0.0000
          2014 0.0454 0.2754
          2007 0.0000 2.5160
          2006 0.0000 0.9100

          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
          12/02/22 12/05/22 12/05/22 0.0000 0.3534 0.0000 0.0000 4.2238 4.5772 46.31
          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
          11/30/21 12/01/21 12/01/21 0.0000 0.2427 0.0000 0.0812 1.4892 1.8131 -
          11/30/20 12/01/20 12/01/20 0.0000 0.1792 0.0000 0.0000 0.0000 0.1792 -
          12/02/19 12/03/19 12/03/19 0.0000 0.3207 0.0000 0.0000 0.0000 0.3207 -
          11/30/18 12/03/18 12/03/18 0.0000 0.2135 0.0000 0.0000 0.0000 0.2135 -
          11/30/16 12/01/16 12/01/16 0.0000 0.1879 0.0000 0.0000 0.0000 0.1879 -
          12/01/15 12/02/15 12/02/15 0.0000 0.0623 0.0000 0.0000 0.0000 0.0623 -
          12/02/14 12/03/14 12/03/14 0.0000 0.0454 0.0000 0.0000 0.2754 0.3208 -
          12/14/07 12/17/07 12/17/07 0.0000 0.0000 0.0000 0.0450 2.4710 2.5160 -
          12/15/06 12/18/06 12/18/06 0.0000 0.0000 0.0815 0.2475 0.5810 0.9100 -
          12/16/05 12/19/05 12/19/05 0.2191 0.0560 0.5795 0.1482 0.5106 1.5134 -
          12/15/04 12/16/04 12/16/04 0.0000 0.0000 0.3840 0.1430 0.0000 0.5270 -
          Literature

          Literature

          PRODUCT MATERIALS

          • Download
          • Share
          • Subscribe
          • Order
          BNY Mellon Natural Resources Fund - Investment Report Download
          BNY Mellon Natural Resources Fund - Quarterly Commentary Download
          BNY Mellon Natural Resources Fund - Presentation Download
          Natural Resources the case for Asset Allocation Download
          A Resurgent Commodities Sector Offers New Portfolio Opportunity Download

          Factsheet, Prospectus and Reports

          • Download
          • Share
          • Subscribe
          • Order
          Factsheet Download
          Prospectus Download
          Summary Prospectus Download
          SAI Download
          Annual Report Download
          Semi Annual Report Download
          1Q Fiscal Holdings Download
          3Q Fiscal Holdings Download