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Address And Details

255 Liberty Street , New York, NY 10286
Fund Manager Jeffrey Mortimer
Manager Tenure 7 Years 10 Months

Strategy And Objective

The Fund seeks long-term capital appreciation.To pursue its goal, the fund normally allocates its assets across non-traditional or "alternative" asset classes and investment strategies. The fund is designed to complement and diversify traditional stock and bond portfolios. The fund normally allocates its assets among other investment companies (the underlying funds) that employ alternative investment strategies. Underlying funds may include other funds in the BNY Mellon Family of Funds and unaffiliated open-end funds, closed-end funds and exchange-traded funds (ETFs). The fund generally will allocate its assets to other funds managed by BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser), and will allocate its assets to unaffiliated funds generally when the desired economic exposure to a particular alternative investment strategy is not available through a fund managed by BNYM Investment Adviser, the fund's investment adviser, or its affiliates or for diversification purposes.The fund seeks to achieve its investment objective long-term capital appreciation by allocating its assets among asset classes and investment strategies that typically have had a low correlation to each other and to traditional equity and fixed-income asset classes. The fund uses a "fund of funds" approach by investing in underlying funds. The fund currently intends to allocate its assets among underlying funds that employ the following alternative investment strategies:Long/short strategies generally maintain long and short positions primarily in equity securities and equity derivatives, including futures, options, swap agreements and contracts for difference. Long/short strategies can be broadly diversified or narrowly focused on specific sectors and can range broadly in terms of levels of net exposure, holding period and market capitalizations. Long/short strategies generally seek lower volatility than, and low to moderate correlation to, major equity market indices and typically will have significant short positions. Although the fund intends to maintain an overall long position in the fund's assets allocated to long/short strategies, in certain circumstances, the short positions in that portion of its assets may approach or reach the size of the fund's overall long positions in that portion of its assets. A short sale involves the sale of a security that the fund or underlying fund does not own in the expectation of purchasing the same security (or a security exchangeable therefor) at a later date and at a lower price. The fund currently may allocate up to 55% of its assets to long/short strategies.Absolute return hedge strategies employ a wide range of investment tools in seeking to achieve positive returns with low correlation to traditional performance benchmarks even in declining market conditions. Absolute return hedge strategies have the flexibility to allocate investments among global equities and fixed-income securities and other asset classes, including alternative or non-traditional asset classes, and use derivative instruments. The fund currently may allocate up to 40% of its assets to absolute return hedge strategies.

Net Asset Value

as of 6:44 PM ET 01/13/2022

Performance

  • 1 Week
  • +0.07%
  • 1 Month
  • -0.36%
  • 3 Months
  • +1.24%
  • 1 Yr Return
  • +8.83%
  • 5 Yr Return
  • +13.53%

Equity Sector Breakdown

Finance 99.14%
ConsumerDurables n/a
Energy n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Other 99.14%
Stocks 0.86%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 30.00 K

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -3.35 -4.40 n/a
Beta 0.43 0.42 n/a
R Squared 0.86 0.86 n/a
Std Deviation 8.02 7.05 n/a
Sharpe Ratio 0.88 0.40 n/a

Purchase Information

as of 6:47 PM ET 01/12/2022
Minimum Initial $1000
Minimum Additional $100
Minimum Initial IRA $750

Performance

Timeframe Average Annual Current Performance Monthly As Of 12/31/2021 Average Annual Current Performance Quarterly As Of 12/31/2021 Avg Annual Current Performance Monthly As Of 12/31/2021 Avg Annual Current Performance Quarterly As Of 12/31/2021
1 Year
  • +11.43%
  • +11.43%
+11.43% +11.43%
3 Year
  • +7.61%
  • +7.61%
+7.61% +7.61%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +2.03%
  • +2.03%
+2.03% +2.03%

Top 10 Holdings

Symbol Company Name % Of Assets
DCMSX DFA COMMODITY STRATEGY PTF 2.79%
NLSAX NEUBERGER BERMAN LONG SHORT F 16.69%
BPIRX BOSTON PARTNERS LONG SHORT R 16.55%
DRRAX BNY MELLON GL REAL RETURN A 15.30%
GAFAX ASG GLOBAL ALTERNATIVES FD 14.40%
AGAZX 361 GLOBAL LONG SHORT EQUITY 11.40%
GATEX GATEWAY FUND 11.27%
DRLYX BNY MELLON GLOBAL REAL EST Y 10.69%
CASH TOTAL*CASH 0.90%

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