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    BNY Mellon Natural Resources Fund

    Overview

    Why invest in this Fund?

    The fund seeks long-term capital appreciation. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in stocks of companies in the natural resources and natural resources related sectors. Generally, these are companies principally engaged in owning or developing natural resources, or supplying goods, technology and services relating to natural resources.
    Min. Class Investment
    $1,000,000
    Class Inception Date
    09/01/15
    Class Status
    Not available for purchase by individual investors.
    Fund Assets
    $992,529,053  As of  09/15/25
    Class Assets
    $57,350,287  As of  09/15/25
    Portfolio Turnover Rate
    103.94% As of fiscal year end  09/30/24
    Morningstar Category
    Natural Resources
    Benchmark
    S&P Global Natural Resources Index
    Morningstar Overall Rating
    Fund Holdings
    43 As of 08/31/25

    Morningstar Rating™ as of August 31, 2025 for the Class Y 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 (113 funds rated); 3 Yrs. 2 Stars (113 funds rated); 5 Yrs. 4 Stars (105 funds rated); 10 Yrs. 3 Stars (89 funds rated).

    Portfolio Managers

    • David Intoppa

      David Intoppa

      Research Analyst, Newton Investment Management North America, LLC

      Managing Fund Since 2020

      Joined Firm in 2006

      Joined Industry in 2000
    • Brock Campbell

      Brock Campbell, CFA

      Portfolio Manager, Newton Investment Management North America, LLC

      Managing Fund Since 2023

      Joined Firm in 2005

      Joined Industry in 2005
    Performance

    Total Returns

    Month End

    Average Annual
    As of 08/31/25
    Name 3 MO
    08/31/25     		YTD
    08/31/25     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Natural Resources Fund
    DLDYX
    		11.31 3.84 -1.79 3.21 18.54 10.33 9.41
    S&P Global Natural Resources Index
    		11.19 18.94 7.29 6.81 12.66 9.08 -

    Quarter End

    Average Annual
    As of 06/30/25
    Name 3 MO
    06/30/25     		YTD
    06/30/25     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Natural Resources Fund
    DLDYX
    		3.56 -0.96 -7.57 5.59 20.17 8.60 9.25
    S&P Global Natural Resources Index
    		3.42 10.78 1.22 5.75 12.70 6.66 -

    The performance data quotes represents past performance, which is no guarantee of future results. Yield, share price and investment return fluctuate and an investor's shares may be worth more or less than original cost upon redemption. Current performance may be lower or higher than the performance quoted. Click above for month-end returns.

    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.

    The total return performance figures presented for Class Y shares of the fund represent the performance of the fund's Class I for periods prior to September 01, 2015, 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

    Past performance is no guarantee of future results.

    Historical Performance

      Not available for purchase by individual investors.

       

      Past performance is no guarantee of future results.

      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  01/31/25 Fee Description Expense Ratio (%)
      Management Fee 0.75%
      Other Expenses 0.05%
      Total Expenses 0.80%
      Net Expenses 0.80%
      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. NIMNA has entered into a sub-sub-investment advisory agreement with its affiliate, Newton Investment Management Limited (NIM), to enable NIM to provide certain advisory services to NIMNA for the benefit of the fund. David S. Intoppa and Brock Campbell, CFA are the fund's primary portfolio managers, positions they have held since November 2020 and August 2023, respectively, and are jointly and primarily responsible for managing the fund's portfolio. Mr. Intoppa is a portfolio manager at NIMNA. He has been employed by NIMNA or a predecessor company of NIMNA since 2006. Mr. Campbell is the head of global equity research at NIMNA. He has been employed by NIMNA or a predecessor company of NIMNA since 2005.

      Top Holdings

      Download Total Holdings
      As of 08/31/25

      Asset Allocation

          Stats & Risks

          Daily Statistics

          As of 09/15/25 Name NAV Change 11/22/24  12 Month 
          High Nav           		04/08/25  12 Month 
          Low Nav           		YTD Return
          DLDYX
          		$45.82
          $0.13
          0.28%
          		$51.97 $33.65 4.64%

          Performance Metrics

          Overall Morningstar Rating

          MORNINGSTAR CATEGORY Natural Resources

          Morningstar Rating™ as of 08/31/25 for the Class Y shares; other classes may have different performance characteristics. Overall rating for the Natural Resources. Fund ratings are out of 5 Stars: Overall 3 Stars (113 funds rated); 3 Yrs. 2 Stars (113 funds rated); 5 Yrs. 4 Stars (105 funds rated); 10 Yrs. 3 Stars (89 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 68
          • 3 Year
            49 out of 63
          • 5 Year
            43 out of 62
          • 10 Year
            out of

          LIPPER CLASSIFICATION Natural Resources Funds

          Lipper Category returns and rankings as of 08/31/25, 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  08/31/25  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DLDYX
          		22.34 -12.95 1.09 47.45 0.03

          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.


          Alpha - Alpha is a measure of a security's or portfolio's excess return.

          Beta - Beta is a measure of a security’s or portfolio’s volatility, or systematic risk.

          R-Squared - R-squared is a statistical measure that represents the percentage of a fund’s or security’s movements that are explained by movements in a benchmark index.

          Sharpe Ratio - Sharpe ratio is a risk-adjusted measure that measures reward per unit of risk. The higher the Sharpe ratio, the better.

          Standard Deviation - Standard deviation is a statistical measure of the degree to which an individual portfolio return tends to vary from the mean, based on the entire population. The greater the degree of dispersion, the greater the degree of risk. In mutual funds, the standard deviation tells us how much the return on the fund is deviating from the expected normal returns.

          Distributions

          Dividend Schedule

          Declared
          Annually
          Distributed
          Annually
          Paid
          Annually
          Fiscal Year End
          Sep 30
          Annualized Distribution Rate
          %
          As of 
          Year Dividend ($) Capital Gains ($)
          2024 0.7002 2.6171
          2023 1.2509 4.5708
          2022 0.8110 4.2238
          2021 0.5939 1.5704
          2020 0.3886 0.0000
          2019 0.6958 0.0000
          2018 0.5358 0.0000
          2017 0.2470 0.0000
          2016 0.4327 0.0000
          2015 0.2989 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
          12/05/24 12/06/24 12/06/24 0.2124 0.4878 0.1316 0.3023 2.1832 3.3173
          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
          12/05/23 12/06/23 12/06/23 0.0404 1.2105 0.0045 0.1363 4.4300 5.8217
          12/02/22 12/05/22 12/05/22 0.0000 0.8110 0.0000 0.0000 4.2238 5.0348
          11/30/21 12/01/21 12/01/21 0.0000 0.5939 0.0000 0.0812 1.4892 2.1643
          11/30/20 12/01/20 12/01/20 0.0000 0.3886 0.0000 0.0000 0.0000 0.3886
          12/02/19 12/03/19 12/03/19 0.0000 0.6958 0.0000 0.0000 0.0000 0.6958
          11/30/18 12/03/18 12/03/18 0.0000 0.5358 0.0000 0.0000 0.0000 0.5358
          11/30/17 12/01/17 12/01/17 0.0000 0.2470 0.0000 0.0000 0.0000 0.2470
          11/30/16 12/01/16 12/01/16 0.0000 0.4327 0.0000 0.0000 0.0000 0.4327
          12/01/15 12/02/15 12/02/15 0.0000 0.2989 0.0000 0.0000 0.0000 0.2989
          Literature

          Literature

          PRODUCT MATERIALS

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          BNY Mellon Natural Resources Fund - Unpacking The Natural Resources Portfolio Download
          BNY Mellon Natural Resources Fund - Enhanced Factsheet Download
          BNY Mellon Natural Resources Fund - Presentation Download
          BNY Mellon Natural Resources Fund - Commentary Download

          Factsheet, Prospectus and Reports

          • Download
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          Prospectus Download
          Summary Prospectus Download
          SAI Download
          Annual Report - Class Y Download
          Semi Annual Report - Class Y Download
          Annual Financials and Other Information Download
          Semi Annual Financials and Other Information Download
          1Q Fiscal Holdings Download
          3Q Fiscal Holdings Download

          Investors should consider the investment objectives, risks, charges, and expenses of a mutual fund carefully before investing. Download a prospectus, or summary prospectus, if available, that contains this and other information about the fund, and read it carefully before investing.

          This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular investment, strategy, investment manager or account arrangement and should not serve as a primary basis for investment decisions.

          Please consult a legal, tax or investment professional in order to determine whether an investment product or service is appropriate for a particular situation.

           

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