DRNIX Performance — BNY Mellon Alternative Diversifier Strategies Fund, Class I
Data updated: 2023-06-28
DRNIX returned −3.34% over one year to Apr 2023. The annualised 3-year return is +5.51%. The fund trailed its Global Multi-Cap Blend category average: $100 invested three years ago grew to $117, against $133 for the category, and to $97 over one year, against $102. Volatility over the past three years was 8.27% a year. In the 12 months to Apr 2023 the fund lost a net $61.2M, and assets reached $37.93M.
DRNIX Growth of $100
What $100 invested in BNY Mellon Alternative Diversifier Strategies Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Multi-Cap Blend category average over the same months.
| Period | DRNIX | Category average |
|---|---|---|
| 1 year (May 2022 – Apr 2023) | $97 | $102 |
| 3 years (May 2020 – Apr 2023) | $117 | $133 |
| Since data start (Aug 2019 – Apr 2023) | $111 | $125 |
DRNIX Trailing Returns
Total returns to Apr 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −3.34% |
| 3 years (annualised) | +5.51% |
DRNIX Annual Returns
Calendar-year total returns of BNY Mellon Alternative Diversifier Strategies Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 (Jan–Apr) | +0.97% |
| 2022 | −7.57% |
| 2021 | +12.74% |
| 2020 | +2.52% |
| 2019 (Aug–Dec) | +3.04% |
DRNIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | +1.8% | −2.3% | +0.8% | +0.7% | — | — | — | — | — | — | — | — |
| 2022 | −1.6% | −0.9% | +1.1% | −2.2% | +0.6% | −4.7% | +2.7% | −1.9% | −5.5% | +2.9% | +3.6% | −1.5% |
| 2021 | −1.2% | +1.3% | +2.9% | +3.4% | +1.5% | −0.1% | +1.0% | +1.1% | −2.2% | +3.2% | −1.9% | +3.4% |
| 2020 | −0.5% | −4.0% | −7.0% | +3.4% | +1.2% | +0.8% | +2.7% | +2.4% | −1.5% | −1.1% | +4.3% | +2.5% |
| 2019 | — | — | — | — | — | — | — | +0.3% | +0.4% | +0.5% | +0.5% | +1.3% |
DRNIX Risk
Risk measures from monthly returns over May 2020 – Apr 2023.
- 3-year volatility (annualised): 8.27%
- 3-year Sharpe ratio: 0.12 (vs 4.5% risk-free rate)
- Best month: +4.33% (Nov 2020)
- Worst month: −5.51% (Sep 2022)
DRNIX Fund Flows
Monthly money in and out of BNY Mellon Alternative Diversifier Strategies Fund, from SEC Form N-PORT.
- 12-month net flow: −$61.2M
- 12-month gross sales (incl. reinvestments): $28.4M
- Sales ÷ redemptions: 0.32×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Apr 2023 | $84K | $22.1M | −$22.0M |
| Mar 2023 | $183K | $23.3M | −$23.1M |
| Feb 2023 | $766K | $1.8M | −$999K |
| Jan 2023 | $11.5M | $1.8M | $9.7M |
| Dec 2022 | $46K | $20.5M | −$20.4M |
| Nov 2022 | $839K | $4.9M | −$4.0M |
| Oct 2022 | $1.1M | $3.2M | −$2.1M |
| Sep 2022 | $966K | $2.9M | −$1.9M |
| Aug 2022 | $2.0M | $3.0M | −$958K |
| Jul 2022 | $1.8M | $2.1M | −$261K |
| Jun 2022 | $5.5M | $1.8M | $3.7M |
| May 2022 | $3.6M | $2.5M | $1.1M |
DRNIX Assets Under Management
Net assets of BNY Mellon Alternative Diversifier Strategies Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2023-04-30 | $37.93M |
| 2023-01-31 | $85.23M |
| 2022-10-31 | $115.24M |
| 2022-07-31 | $125.90M |
| 2022-04-30 | $123.34M |
| 2022-01-31 | $131.01M |
| 2021-10-31 | $275.87M |
| 2021-07-31 | $274.97M |
| 2021-04-30 | $278.76M |
| 2021-01-31 | $271.66M |
| 2020-10-31 | $313.68M |
| 2020-07-31 | $353.46M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.