DOFIX — Dreyfus Strategic Beta Emerging Markets Equity Fund
Data updated: 2020-06-24
DOFIX — Dreyfus Strategic Beta Emerging Markets Equity Fund. Latin America Blend / Core Equity · $19.17M AUM. Holdings, fees, performance and SEC filings.
DOFIX Fund Overview
DOFIX — Dreyfus Strategic Beta Emerging Markets Equity Fund is a US mutual fund managed by Bny Mellon Opportunity Funds, categorised as Latin America Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Bny Mellon Opportunity Funds
- Category: Latin America Blend / Core Equity
- Assets under management: $19.17M
- Ticker: DOFIX
- SEC CIK: 0001111178
- SEC series ID: S000045827
- Share class ID: C000142854
DOFIX Investment Objective and Strategy
Dreyfus Strategic Beta Emerging Markets Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Bny Mellon Opportunity Funds.
Investment objective
The fund seeks long-term capital appreciation.
Principal investment strategy
"To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in common stocks and other equity securities of companies organized or with their principal place of business, or majority of assets or business, in emerging market countries. The fund considers emerging market countries to be all countries represented in the fund's benchmark index, the Morgan Stanley Capital International (MSCI ) Emerging Markets Index (MSCI EM Index), a free float-adjusted, market capitalization-weighted index designed to measure the equity performance of emerging market countries in Africa, Asia, Europe, Latin America, and the Middle East. The fund may invest in equity securities of companies with any market capitalization. BNY Mellon Asset Management North America Corporation (BNY Mellon AMNA), an affiliate of The Dreyfus Corporation, is the fund's subadviser through Mellon Capital Management.
BNY Mellon AMNA applies a systematic, quantitative investment approach designed to identify and exploit relative misvaluations of the stock prices of emerging market companies based on their economic fundamentals. The fund's portfolio managers use a proprietary methodology designed to rank and select stocks of emerging market companies based on fundamental company information. In this manner, the portfolio managers employ a ""strategic beta"" strategy to select and weight stocks for the fund's portfolio using characteristics other than market capitalization. ""Beta"" is a measure of risk, specifically of the difference between a security's return and that of a benchmark such as the fund's benchmark index. The portfolio managers first weight each stock based on the company's economic size determined by a combination of accounting metrics, including sales, earnings before interest, taxation, depreciation and amortization (EBITDA) and net total payout (including dividends and share repurchases).
By weighting stocks based on the company's economic size instead of market capitalization, the fund's portfolio managers seek to focus on companies with more attractive valuations for inclusion in the fund's portfolio. Next, companies are ranked based on the quality and growth of their earnings. These metrics seek to identify high quality companies with sustainable and growing earnings and consistency of performance relative to the stocks of emerging market companies in general. A company's sales and earnings and earnings quality and earnings growth contribute, in part, to its overall beta. The final step in the portfolio construction process is to exclude companies with the lowest expected performance based on the above metrics of earnings quality and earnings growth. The weights of the excluded companies are then reallocated to the remaining companies in the portfolio.
Limitations may be placed on the weight of an individual stock in the fund's portfolio for diversification purposes. The fund's portfolio managers manage risk by diversifying across companies and industries, seeking to limit the potential adverse impact from any one stock or industry. The fund's portfolio is rebalanced semi-annually, using the above-described construction methodology."
DOFIX Costs and Fees
DOFIX costs about $79 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.79%
- Gross expense ratio: 1.94%
- Portfolio turnover: 79%
- Brokerage commissions: 12.03 bps of average net assets (SEC N-CEN)
DOFIX Cashflows
Over the 12 months to 2020-04, Dreyfus Strategic Beta Emerging Markets Equity Fund had net outflows of $6.98M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-04 | −$640.54K |
| 2020-03 | −$1.50M |
| 2020-02 | −$854.20K |
| 2020-01 | −$270.65K |
| 2019-12 | −$23.16K |
| 2019-11 | −$31.58K |
DOFIX Debt Constituents
No individual debt constituents are reported in Dreyfus Strategic Beta Emerging Markets Equity Fund's latest SEC N-PORT filing.
DOFIX Prospectus and SEC Filings
Official Dreyfus Strategic Beta Emerging Markets Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-03-10
- Prospectus (485BPOS) — filed 2019-03-08
- Prospectus (485BPOS) — filed 2018-03-08
- Portfolio holdings (N-PORT) — filed 2020-06-24
- Portfolio holdings (N-PORT) — filed 2020-03-20
- Portfolio holdings (N-PORT) — filed 2019-12-20
- Annual census (N-CEN) — filed 2020-01-13
- Annual census (N-CEN) — filed 2019-01-03
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.