BNY Mellon International Equity Income Fund
BNY MELLON FUNDS TRUST
Expense ratio
Net assets1
$28.08M
Holdings1
139
Category
International Equity
Return

Investment objective & strategy

As of Dec. 27, 2023 · prospectus

Objective. The fund seeks total return (consisting of capital appreciation and income).

Strategy. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. The fund focuses on dividend-paying stocks of foreign companies, including those in emerging market countries. The fund normally invests substantially all of its assets in the equity securities of issuers located outside the United States and diversifies broadly among developed and emerging market countries. The fund may invest in the stocks of companies of any market capitalization. The fund's sub-adviser, Newton Investment Management North America, LLC (NIMNA), an affiliate of BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser), selects stocks through a disciplined investment process using proprietary quantitative computer models that analyze a diverse set of … To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. The fund focuses on dividend-paying stocks of foreign companies, including those in emerging market countries. The fund normally invests substantially all of its assets in the equity securities of issuers located outside the United States and diversifies broadly among developed and emerging market countries. The fund may invest in the stocks of companies of any market capitalization. The fund's sub-adviser, Newton Investment Management North America, LLC (NIMNA), an affiliate of BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser), selects stocks through a disciplined investment process using proprietary quantitative computer models that analyze a diverse set of stock characteristics to identify and rank stocks based on earnings quality. Based on this analysis, the sub-adviser generally selects from the higher ranked dividend-paying securities those stocks that it believes will continue to pay above-average dividends. The fund will seek to overweight higher dividend-paying stocks, while maintaining country and sector weights generally similar to those of the Morgan Stanley Capital International All Country World Ex-U.S.A. Index (MSCI ACWI Ex-USA), an unmanaged index that measures the equity market performance of developed and emerging market countries, excluding the United States. The fund typically sells a stock when, in the view of the fund's sub-adviser, it becomes less attractive based on the stock's dividend yield and/or earnings quality. The fund's sub-adviser also may reduce the weighting of a stock held by the fund if it or the country in which the issuer is located becomes overweighted as determined by the sub-adviser.

Top holdings

As of Nov. 30, 2023 · N-PORT
SecurityTickerValue% of fund
ISHARES MSCI EAFE ETF MUTUAL FUND EFA $835.15K 2.97%
AXA $748.35K 2.67%
WESFARMERS LTD $706.97K 2.52%
SUMCO CORP $611.46K 2.18%
IMPERIAL BRANDS $566.95K 2.02%
SPARK NEW ZEALAN $559.03K 1.99%
CEZ AS $545.23K 1.94%
SWISS RE AG $542.01K 1.93%
ENI SPA $528.68K 1.88%
TAKEDA PHARMACEU $519.71K 1.85%
View all holdings →

Allocation by sector

As of November 30, 2023 · N-PORT
View portfolio breakdown →

Portfolio moves

Aug 31, 2023 → Nov 30, 2023
Opened
3
Exited
2
Increased
5
Decreased
130
Unchanged
1

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

Footnotes

  1. Net assets and holdings count as of November 30, 2023, from the fund's N-PORT filing.

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