- ISIN
- US05587A8348
- CUSIP
- 05587A834
- Issuer
- BNY Mellon
- Inception Date
- Oct 31, 2003
- Category
- Energy Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
DNLAX Performance Chart
BNY Mellon Natural Resources Fund Class A (DNLAX) is up 16.4% since the beginning of the year. DNLAX is currently trading at $55 per share. Investors who bought $1,000 worth of DNLAX shares 5 years ago would now be looking at an investment worth $2,003.
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Returns By Period
BNY Mellon Natural Resources Fund Class A (DNLAX) has returned 16.40% so far this year and 35.43% over the past 12 months. Over the last ten years, DNLAX has returned 13.00% per year, falling short of the S&P 500 Index benchmark, which averaged 13.70% annually.
BNY Mellon Natural Resources Fund Class A
- 1D
- -1.70%
- 1M
- -6.33%
- YTD
- 16.40%
- 6M
- 15.81%
- 1Y
- 35.43%
- 3Y*
- 13.37%
- 5Y*
- 14.90%
- 10Y*
- 13.00%
Benchmark (S&P 500 Index)
- 1D
- -0.10%
- 1M
- -1.54%
- YTD
- 7.49%
- 6M
- 6.15%
- 1Y
- 20.78%
- 3Y*
- 19.17%
- 5Y*
- 11.44%
- 10Y*
- 13.70%
DNLAX Monthly Returns History
Based on dividend-adjusted daily data since Oct 31, 2003, DNLAX's average daily return is +0.05%, while the average monthly return is +1.02%. At this rate, an investment would double in approximately 5.7 years.
Historically, 59% of months were positive and 41% were negative. The best month was Oct 2011 with a return of +17.6%, while the worst month was Oct 2008 at -27.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, DNLAX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +20.5%, while the worst single day was Oct 15, 2008 at -16.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 12.99% | 10.07% | 0.19% | 0.56% | -0.90% | -6.26% | 16.40% | ||||||
| 2025 | 1.90% | -3.50% | -2.83% | -8.51% | 6.53% | 6.15% | 0.00% | 4.78% | 3.33% | -2.07% | 6.26% | 3.02% | 14.75% |
| 2024 | -3.91% | 0.88% | 11.46% | 0.56% | 3.93% | -4.28% | 0.85% | -2.21% | 0.10% | -2.24% | 5.89% | -8.69% | 0.86% |
| 2023 | 7.18% | -4.72% | -4.60% | 0.08% | -9.79% | 10.33% | 10.86% | -2.27% | -0.34% | -6.19% | -0.39% | 3.48% | 1.33% |
| 2022 | 5.05% | 12.41% | 13.92% | -4.17% | 10.34% | -18.07% | 7.78% | 4.10% | -11.08% | 16.86% | 5.79% | -6.89% | 33.83% |
| 2021 | 1.76% | 11.44% | 1.92% | 3.47% | 6.01% | -1.39% | -6.16% | 0.14% | 6.55% | 9.28% | -5.91% | 7.22% | 38.00% |
Benchmark Metrics
BNY Mellon Natural Resources Fund Class A has an annualized alpha of 1.54%, beta of 1.14, and R2 of 0.58 versus S&P 500 Index. Calculated based on daily prices since October 31, 2003.
- This fund captured 105.87% of S&P 500 Index gains and 101.80% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.14 and R2 of 0.58, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.54%
- Beta
- 1.14
- R²
- 0.58
- Upside Capture
- 105.87%
- Downside Capture
- 101.80%
Expense Ratio
DNLAX has a high expense ratio of 1.14%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DNLAX ranks 60 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BNY Mellon Natural Resources Fund Class A (DNLAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DNLAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | 2.29 | +1.71 |
| Martin ratioReturn relative to average drawdown | 13.14 | 10.15 | +3.00 |
Dividends
Dividend History
BNY Mellon Natural Resources Fund Class A provided a 1.88% dividend yield over the last twelve months, with an annual payout of $1.04 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.04 | $1.04 | $3.26 | $5.61 | $4.90 | $2.06 | $0.28 | $0.58 | $0.40 | $0.13 | $0.36 | $0.22 |
Dividend yield | 1.88% | 2.19% | 7.75% | 12.54% | 9.80% | 5.04% | 0.91% | 1.95% | 1.53% | 0.40% | 1.26% | 0.98% |
Monthly Dividends
The table displays the monthly dividend distributions for BNY Mellon Natural Resources Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.04 | $1.04 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.26 | $3.26 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.61 | $5.61 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.90 | $4.90 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.06 | $2.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BNY Mellon Natural Resources Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BNY Mellon Natural Resources Fund Class A was 69.14%, occurring on Nov 20, 2008. Recovery took 3095 trading sessions.
The current BNY Mellon Natural Resources Fund Class A drawdown is 8.83%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -69.14%Nov 2008 | 4mo 29d | 12y 3mo | 12y 8moJun 2008 - Mar 2021 |
2025 selloff2025 | -32.37%Apr 2025 | 10mo 22d | 8mo 6d | 1y 6moMay 2024 - Dec 2025 |
Bear market2022 | -27.66%Jul 2022 | 1mo 6d | 1y 8mo | 1y 9moJun 2022 - Apr 2024 |
2006 bear market2006 | -22.85%Oct 2006 | 4mo 25d | 6mo 11d | 11mo 6dMay 2006 - Apr 2007 |
2021 correction2021 | -17.99%Aug 2021 | 2mo 17d | 1mo 20d | 4mo 7dJun 2021 - Oct 2021 |
Drawdown Indicators
| DNLAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.14% | -56.78% | -12.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.83% | -9.10% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -32.37% | -18.90% | -13.47% |
Max Drawdown (5Y)Largest decline over 5 years | -32.37% | -25.43% | -6.94% |
Max Drawdown (10Y)Largest decline over 10 years | -54.45% | -33.92% | -20.53% |
Current DrawdownCurrent decline from peak | -8.83% | -3.31% | -5.52% |
Average DrawdownAverage peak-to-trough decline | -21.51% | -10.71% | -10.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 2.05% | +0.64% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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