BNY Mellon Natural Resources Fund
DNLAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- New York, NY 10166 New York NY United States of America 10166
- IPO Date
- Oct 31, 2003
- CIK
- 0001111178
- Website
- bny.com
- Similar Companies
- Business
- BNY Mellon Natural Resources Fund (DNLAX) is an open-end mutual fund that seeks long-term capital appreciation by investing at least 80% of its net assets in equity securities of companies in the natural resources and related sectors, including energy, materials, metals and mining, chemicals, forest products, and agribusiness; it employs both growth and value investment styles across companies of any market capitalization, with significant exposure to U.S. (approximately 62%) and non-U.S. stocks (approximately 37%), including emerging markets, and maintains a portfolio turnover rate of around 104% with total net assets exceeding $940 million. The fund offers Class A shares with a front-end sales load of 5.75%, a net expense ratio of 1.16% (comprising a 0.75% management fee, 0.25% service fee, and 0.16% other expenses), and minimum initial investments starting at $1,000 for retail accounts; it benchmarks performance against the S&P Global Natural Resources Index and distributes annual dividends and capital gains, with recent payouts including $3.1393 per share in December 2024 and $1.0354 in December 2025. Launched on October 31, 2003, and domiciled in the United States with administrative operations at 255 Liberty Street, New York, NY, the fund targets institutional and retail investors seeking commodity-based sector exposure. Managed by David Intoppa since November 2020 and Brock Campbell, CFA, since August 2023—both from Newton Investment Management North America, LLC—the fund received a Morningstar 3-star overall rating (as of November 30, 2025) in the Natural Resources category, reflecting strong 5-year performance amid sector volatility. Recent developments include sustained portfolio management continuity under the current team, with year-to-date NAV returns reaching 13.51% as of December 15, 2025 (NAV $46.71), a 52-week range from $32.30 to $47.39, and asset allocation emphasizing materials (52%) and energy (43%) sectors as of late 2025, alongside annual capital gains distributions supporting shareholder returns.