Investment objective & strategy
As of Dec. 27, 2023 · prospectusObjective. 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| Security | Ticker | Value | % 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% |
Portfolio moves
Aug 31, 2023 → Nov 30, 2023How 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.
Similar funds
Funds whose portfolios most overlap this one, by weightFootnotes
- Net assets and holdings count as of November 30, 2023, from the fund's N-PORT filing.
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