Name
As of 11/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
14.5%
1 yr return
24.5%
3 Yr Avg Return
4.0%
5 Yr Avg Return
8.2%
Net Assets
$289 M
Holdings in Top 10
22.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.12%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 79.60%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DBOZX - Profile
Distributions
- YTD Total Return 14.5%
- 3 Yr Annualized Total Return 4.0%
- 5 Yr Annualized Total Return 8.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.40%
- Dividend Yield 1.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBNY Mellon Balanced Opportunity Fund
-
Fund Family NameDreyfus
-
Inception DateJan 07, 2005
-
Shares OutstandingN/A
-
Share ClassZ
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrian Ferguson
Fund Description
To pursue its goal, the fund invests in a diversified mix of stocks and fixed-income securities. Newton Investment Management North America, LLC (NIMNA), an affiliate of BNY Mellon Investment Adviser Inc., the fund's investment adviser, serves as the fund's sub-adviser responsible for overall asset allocation for the fund and for the portion of the fund's assets allocated to equity investments and fixed-income investments. NIMNA has engaged its affiliate, Newton Investment Management Limited (NIM), to provides the day-to-day management of the portion of the fund's assets allocated to fixed-income investments. NIMNA and NIM select securities for the fund that, in their judgment, will result in the highest total return consistent with preservation of principal. The mix of stocks and bonds varies from time to time, but normally the fund allocates between 75% to 50% of its assets to equities and between 25% and 50% of its assets to fixed-income securities. NIMNA allocates the fund's assets between equity and fixed-income securities, based on an assessment of the relative return and risk of each asset class, analyzing several factors, including
general economic conditions, anticipated future changes in interest rates and the outlook for stocks and fixed-income securities generally.
In seeking to achieve a high relative risk-adjusted return on the fund's equity investments, NIMNA creates a broadly diversified equity portfolio for the fund that includes a blend of growth stocks and value stocks. Stock selection is made through extensive quantitative and fundamental research. The fund may invest up to 20% of its assets in foreign equity securities.
For the fixed-income portion of the fund's portfolio, NIM combines a top-down approach, emphasizing economic trends and current investment themes, with bottom-up security selection based on fundamental research to allocate the fund's investments among and within fixed-income asset classes. In constructing the fixed-income portion of the fund's portfolio, NIM looks for what it considers to be the best opportunities in the fixed-income markets at any given time.
DBOZX - Performance
Return Ranking - Trailing
Period | DBOZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 14.5% | -3.9% | 67.7% | 28.49% |
1 Yr | 24.5% | -3.6% | 78.2% | 28.78% |
3 Yr | 4.0%* | -5.6% | 15.8% | 29.76% |
5 Yr | 8.2%* | -2.9% | 20.9% | 32.96% |
10 Yr | 7.5%* | 0.9% | 12.5% | 25.32% |
* Annualized
Return Ranking - Calendar
Period | DBOZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.2% | -12.2% | 23.9% | 42.75% |
2022 | -20.5% | -34.7% | 2.8% | 72.31% |
2021 | 1.8% | -11.9% | 18.1% | 73.14% |
2020 | 6.0% | -20.9% | 39.7% | 65.24% |
2019 | 16.1% | 0.8% | 25.7% | 26.63% |
Total Return Ranking - Trailing
Period | DBOZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 14.5% | -3.9% | 67.7% | 28.49% |
1 Yr | 24.5% | -3.6% | 78.2% | 28.78% |
3 Yr | 4.0%* | -5.6% | 15.8% | 29.76% |
5 Yr | 8.2%* | -2.9% | 20.9% | 32.96% |
10 Yr | 7.5%* | 0.9% | 12.5% | 25.32% |
* Annualized
Total Return Ranking - Calendar
Period | DBOZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 17.6% | -12.2% | 26.8% | 13.19% |
2022 | -15.8% | -29.0% | 10.9% | 65.10% |
2021 | 14.8% | -3.0% | 27.3% | 30.35% |
2020 | 14.1% | -19.5% | 40.6% | 37.30% |
2019 | 31.9% | 2.2% | 32.7% | 0.65% |
NAV & Total Return History
DBOZX - Holdings
Concentration Analysis
DBOZX | Category Low | Category High | DBOZX % Rank | |
---|---|---|---|---|
Net Assets | 289 M | 789 K | 230 B | 73.24% |
Number of Holdings | 512 | 2 | 16015 | 23.62% |
Net Assets in Top 10 | 63.4 M | 859 K | 69.8 B | 81.30% |
Weighting of Top 10 | 21.96% | 10.8% | 122.7% | 90.29% |
Top 10 Holdings
- NVIDIA CORP 3.92%
- APPLE INC 2.88%
- Dreyfus Institutional Preferred Government Plus Money Market Fund 2.71%
- MICROSOFT CORP 2.61%
- AMAZON.COM INC 2.56%
- ALPHABET INC 2.36%
- UNITED STATES TREASURY NOTE/BOND 1.27%
- UNITED STATES TREASURY NOTE/BOND 1.25%
- BERKSHIRE HATHAWAY INC 1.24%
- UNITED STATES TREASURY NOTE/BOND 1.16%
Asset Allocation
Weighting | Return Low | Return High | DBOZX % Rank | |
---|---|---|---|---|
Stocks | 61.05% | 0.00% | 100.16% | 70.29% |
Bonds | 35.94% | 0.00% | 74.58% | 18.84% |
Cash | 2.71% | -7.92% | 100.00% | 35.36% |
Convertible Bonds | 0.44% | 0.00% | 23.84% | 55.77% |
Preferred Stocks | 0.07% | 0.00% | 23.91% | 18.41% |
Other | 0.00% | -42.55% | 113.97% | 51.01% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DBOZX % Rank | |
---|---|---|---|---|
Technology | 23.70% | 0.00% | 44.21% | 17.13% |
Healthcare | 19.99% | 0.00% | 29.35% | 4.54% |
Financial Services | 15.39% | 0.00% | 38.77% | 39.53% |
Industrials | 10.28% | 0.00% | 24.37% | 46.71% |
Consumer Cyclical | 8.94% | 0.00% | 19.36% | 65.15% |
Energy | 6.88% | 0.00% | 85.65% | 23.43% |
Communication Services | 6.52% | 0.00% | 38.10% | 63.54% |
Utilities | 4.00% | 0.00% | 99.55% | 25.18% |
Basic Materials | 2.03% | 0.00% | 25.57% | 84.48% |
Consumer Defense | 1.76% | 0.00% | 15.14% | 95.02% |
Real Estate | 0.52% | 0.00% | 65.01% | 89.60% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DBOZX % Rank | |
---|---|---|---|---|
US | 56.02% | 0.00% | 100.16% | 75.36% |
Non US | 5.03% | 0.00% | 39.06% | 11.01% |
Bond Sector Breakdown
Weighting | Return Low | Return High | DBOZX % Rank | |
---|---|---|---|---|
Corporate | 31.53% | 0.00% | 98.21% | 44.53% |
Securitized | 31.03% | 0.00% | 92.13% | 11.53% |
Government | 30.29% | 0.00% | 97.26% | 50.07% |
Cash & Equivalents | 2.71% | 0.00% | 99.92% | 35.94% |
Municipal | 1.58% | 0.00% | 24.80% | 10.07% |
Derivative | 0.00% | -2.87% | 42.43% | 36.09% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | DBOZX % Rank | |
---|---|---|---|---|
US | 35.94% | 0.00% | 74.58% | 16.52% |
Non US | 0.00% | 0.00% | 15.37% | 23.91% |
DBOZX - Expenses
Operational Fees
DBOZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.12% | 0.03% | 17.63% | 38.62% |
Management Fee | 0.80% | 0.00% | 1.83% | 90.22% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.83% | N/A |
Sales Fees
DBOZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
DBOZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
DBOZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 79.60% | 0.83% | 343.00% | 79.26% |
DBOZX - Distributions
Dividend Yield Analysis
DBOZX | Category Low | Category High | DBOZX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.31% | 0.00% | 17.90% | 11.37% |
Dividend Distribution Analysis
DBOZX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
DBOZX | Category Low | Category High | DBOZX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.40% | -2.34% | 13.92% | 84.37% |
Capital Gain Distribution Analysis
DBOZX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 26, 2024 | $0.001 | CapitalGainShortTerm |
Mar 26, 2024 | $0.038 | CapitalGainLongTerm |
Dec 14, 2023 | $0.329 | OrdinaryDividend |
Dec 14, 2023 | $0.014 | CapitalGainShortTerm |
Dec 14, 2023 | $0.745 | CapitalGainLongTerm |
Mar 28, 2023 | $0.151 | CapitalGainLongTerm |
Dec 14, 2022 | $0.955 | OrdinaryDividend |
Mar 29, 2022 | $0.057 | OrdinaryDividend |
Mar 29, 2022 | $0.217 | CapitalGainLongTerm |
Dec 15, 2021 | $3.012 | OrdinaryDividend |
Mar 29, 2021 | $0.031 | CapitalGainShortTerm |
Mar 29, 2021 | $0.094 | CapitalGainLongTerm |
Dec 16, 2020 | $0.906 | OrdinaryDividend |
Mar 25, 2020 | $0.105 | OrdinaryDividend |
Dec 31, 2019 | $0.334 | OrdinaryDividend |
Dec 31, 2019 | $0.020 | CapitalGainShortTerm |
Dec 31, 2019 | $0.391 | CapitalGainLongTerm |
Mar 20, 2019 | $0.001 | CapitalGainShortTerm |
Mar 20, 2019 | $0.059 | CapitalGainLongTerm |
Dec 31, 2018 | $0.241 | CapitalGainShortTerm |
Dec 31, 2018 | $1.390 | CapitalGainLongTerm |
Dec 31, 2018 | $0.300 | OrdinaryDividend |
Dec 29, 2017 | $0.767 | CapitalGainLongTerm |
Dec 29, 2017 | $0.234 | OrdinaryDividend |
Dec 29, 2017 | $0.164 | CapitalGainShortTerm |
Dec 30, 2016 | $0.269 | OrdinaryDividend |
Dec 31, 2015 | $0.977 | CapitalGainLongTerm |
Dec 31, 2015 | $0.223 | OrdinaryDividend |
Dec 31, 2014 | $0.185 | CapitalGainShortTerm |
Dec 31, 2014 | $1.532 | CapitalGainLongTerm |
Dec 31, 2014 | $0.227 | OrdinaryDividend |
Dec 31, 2013 | $0.279 | CapitalGainLongTerm |
Dec 31, 2013 | $0.207 | OrdinaryDividend |
Dec 31, 2012 | $0.220 | OrdinaryDividend |
Dec 30, 2011 | $0.232 | OrdinaryDividend |
Dec 31, 2010 | $0.239 | OrdinaryDividend |
Dec 31, 2009 | $0.257 | OrdinaryDividend |
Dec 31, 2008 | $0.418 | OrdinaryDividend |
Dec 31, 2007 | $0.202 | CapitalGainShortTerm |
Dec 31, 2007 | $2.935 | CapitalGainLongTerm |
Dec 31, 2007 | $0.457 | OrdinaryDividend |
Dec 29, 2006 | $0.357 | OrdinaryDividend |
Jun 29, 2006 | $0.004 | CapitalGainLongTerm |
Dec 30, 2005 | $0.152 | CapitalGainLongTerm |
Dec 30, 2005 | $0.320 | OrdinaryDividend |
Dec 30, 2004 | $0.215 | OrdinaryDividend |
Dec 30, 2004 | $0.117 | CapitalGainLongTerm |
DBOZX - Fund Manager Analysis
Managers
Brian Ferguson
Start Date
Tenure
Tenure Rank
Mar 31, 2007
15.18
15.2%
Brian is a member of Newton’s equity income team. In his current role, Brian is the senior portfolio manager on the Dynamic Large Cap Value Equity strategy, a position he has held since 2003. Brian joined Newton in September 2021, following the integration of Mellon Investments Corporation’s equity and multi-asset capabilities into the Newton Investment Management Group. Before joining Newton, Brian was a senior portfolio manager and research analyst at Mellon Investments Corporation and The Boston Company Asset Management (both BNY Mellon group companies). Before joining BNY Mellon, Brian was a research analyst at Wellington Management. Prior to that, he was an assistant directorofGeneral Electric Capital Corporation’s corporate treasury group and graduated from GE's Financial Management Program. Brian has a BA in Economics and International Relations from Bucknell University and an MBA with a concentration in Finance from Columbia Business School.
David Bowser
Start Date
Tenure
Tenure Rank
Mar 31, 2008
14.18
14.2%
David R. Bowser, CFA Director, Senior Portfolio Manager David is a senior portfolio manager for the Global Multi-Sector team. He is responsible for managing multi-sector Core and Core Plus portfolios. David was previously a US select credit portfolio manager and investment-grade credit sector strategist. His previous portfolio management responsibilities involved managing custom investment grade and high yield credit portfolios. Prior to joining the firm in 2000, David spent seven years as an investment grade and high yield credit analyst at Loomis, Sayles & Company, L.P. David has been in the investment industry since 1987. David obtained an MBA from Boston University and a BA from Rollins College. He holds the CFA® designation and is a member of the CFA Institute.
John Bailer
Start Date
Tenure
Tenure Rank
Dec 21, 2015
6.45
6.5%
John is a member of Newton’s equity income team and is the lead portfolio manager for dividend-focused Large Cap Value strategies. John is responsible for creating the Income Stock strategy to meet demand from clients seeking attractively valued higher dividend income while not sacrificing dividend growth. He is also the lead portfolio manager for the Equity Income strategy, which emphasizes dividend growth stocks, and a senior research analyst on the Dynamic Large Cap Value strategy. John joined Newton in September 2021, following the integration of Mellon Investments Corporation’s equity and multi-asset capabilities into the Newton Investment Management Group. Before joining Newton, John was a senior portfolio manager and analyst at Mellon Investments Corporation and The Boston Company Asset Management (both BNY Mellon group companies). He has managed dividend strategies for the firm since 2005. Previously, John was Chair of Mellon’s Proxy & Governance committee. John began his investment career in 1992 and has spent his entire career with BNY Mellon. John has a BS with distinction in Accounting and Information Management Systems from Babson College and an MS in Finance from Boston College. He received his CFA designation in 1997 and is a member of the CFA Institute and the CFA Society Boston.
James Lydotes
Start Date
Tenure
Tenure Rank
Sep 08, 2016
5.73
5.7%
Jim is Newton’s deputy chief investment officer of equity. He is the lead portfolio manager for the Global Infrastructure Dividend Focus Equity, International Equity, International Small Cap Equity and Global Healthcare REIT strategies. Jim has been the lead portfolio manager on the Global Infrastructure Dividend Focus Equity and Global Healthcare REITs strategies since their inceptions in 2011 and 2015 respectively, engineering both outcome-oriented income strategies to provide exposure to distinct themes in a risk-aware framework.
Torrey Zaches
Start Date
Tenure
Tenure Rank
Nov 09, 2018
3.56
3.6%
Torrey is a member of Newton’s asset allocation portfolio management team. In his current role, Torrey is responsible for overseeing a team of portfolio managers covering multi-asset strategies, with a focus on global total return and tail-risk hedging portfolios. Torrey is responsible for the implementation of these strategies, including strategy refinements, risk management and portfolio management efficiencies. Torrey joined Newton in September 2021, following the integration of Mellon Investments Corporation’s equity and multi-asset capabilities into the Newton Investment Management Group. Before joining Newton, Torrey was a portfolio manager and senior portfolio manager at Mellon Investments Corporation and Mellon Capitol (both BNY Mellon group companies). Prior to joining BNY Mellon, Torrey worked at Mercer Global Advisors providing global asset allocation investment solutions to small businesses and high net worth clients. Torrey has a BA in Economics from the University of California at Santa Barbara and an MBA from the University of Southern California. He received his CFA designation in 1997 and is a member of the CFA Institute.
Vassilis Dagioglu
Start Date
Tenure
Tenure Rank
Nov 09, 2018
3.56
3.6%
Vassilis is the head of portfolio management for multi-asset solutions. In his current role, he oversees the portfolio management team responsible for global multi-asset strategies including Dynamic Total Return, Dynamic Equity, Dynamic Growth, Active Commodities and SmartPath Target Date Funds. Vassilis and his team leverage their long experience in designing and implementing systematic multi-asset products and tailored solutions to help clients achieve a variety of investment objectives. Vassilis joined Newton in September 2021, following the integration of Mellon Investments Corporation’s equity and multi-asset capabilities into the Newton Investment Management Group. Before joining Newton, Vassilis was the head of portfolio management for multi-asset solutions, a senior portfolio manager and portfolio manager at Mellon Investments Corporation and Mellon Capital (both BNY Mellon group companies). Prior to joining BNY Mellon, Vassilis designed and implemented financial information systems and consulted on enterprise-information application development at IBM Global Services and Sybase. Vassilis has a BS in Computer Science from the University of Athens and an MBA in Finance from the University of California at Berkeley.
Matthew Jenkin
Start Date
Tenure
Tenure Rank
Jul 29, 2020
1.84
1.8%
Matt is a member of Newton’s equity research team. Matt is responsible for covering the healthcare sector, specifically biopharmaceutical and medical-technology companies, and managing portfolios in the Smart Cures Innovation strategy. Matt joined Newton in September 2021, following the integration of Mellon Investments Corporation’s equity and multi-asset capabilities into the Newton Investment Management Group. Before joining Newton, Matt was a senior research analyst at Mellon Investments Corporation and The Boston Company Asset Management (both BNY Mellon group companies). Prior to joining BNY Mellon, Matt served as a portfolio manager and analyst covering the healthcare sector at Balyasny Asset Management. Prior to that, he managed global long/short equity healthcare hedge funds and covered the pharmaceuticals, biotechnology and healthcare services industries at Lehman Brothers/Barclays Capital. Prior to joining the investment industry, Matt was a senior research scientist at SmithKline Beecham.
Keith Howell
Start Date
Tenure
Tenure Rank
Sep 22, 2021
0.69
0.7%
Keith is a member of Newton’s equity income team. In his current role, he is a portfolio manager for the Dynamic Large Cap Value Equity, Income Stock and Equity Income strategies. Keith joined Newton in September 2021, following the integration of Mellon Investments Corporation’s equity and multi-asset capabilities into the Newton Investment Management Group. Before joining Newton, Keith was a senior research analyst at Mellon Investments Corporation and The Boston Company Asset Management (both BNY Mellon group companies). Keith began his investment career in 2006 with BNY Mellon and has covered the financials, technology and industrials sectors. Keith earned an AB in Economics from Harvard University. He holds the CFA designation and is a member of the CFA Institute.
Karen Miki Behr
Start Date
Tenure
Tenure Rank
Sep 22, 2021
0.69
0.7%
Miki is a member of Newton’s equity opportunities team. In her current role, she is a portfolio manager on the growth funds. Miki joined Newton in September 2021, following the integration of Mellon Investments Corporation’s equity and multi-asset capabilities into the Newton Investment Management Group. Before joining Newton, Miki was a senior research analyst at Mellon Investments Corporation and The Boston Company Asset Management (both BNY Mellon group companies). Previously, she was a research analyst with a focus on healthcare. Over her 14 years at the firm, she covered the consumer staples, consumer discretionary and healthcare sectors across EM, EAFE and the US. Prior to joining BNY Mellon, Miki worked at Leerink Swann & Co., a healthcare investment bank, advising venture capital and private equity firms as well as pharmaceutical, biotech and medical-device companies on strategic growth opportunities.
John Porter
Start Date
Tenure
Tenure Rank
Oct 04, 2021
0.65
0.7%
John is Newton’s chief investment officer and head of equity. John is responsible for overseeing all equity strategies. He is also lead portfolio manager for the US Small, Mid and Large Cap Growth Equity strategies. John joined Newton in September 2021, following the integration of Mellon Investments Corporation’s equity and multi-asset capabilities into the Newton Investment Management Group. Before joining Newton, John was chief investment officer at Mellon Investments Incorporation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 34.51 | 6.37 | 2.41 |