About AVGRX
The BNY Mellon Dynamic Total Return Fund is an actively managed mutual fund designed to provide investors with total return by seeking investment opportunities across global asset classes. Its primary objective is to achieve returns through diversified exposure to equity, bond, currency, and commodity markets, utilizing both long and short positions, particularly through derivatives such as futures contracts. The fund employs a flexible macro trading approach, enabling it to dynamically adjust allocations in response to changing market conditions and macroeconomic themes.
While its core holdings are focused on fixed income, which typically comprises a significant portion of its asset allocation, the fund also maintains smaller allocations to cash, global equities, and alternative assets. Its sector exposure within equities is diversified, spanning technology, financial services, healthcare, consumer cyclicals, and other industries. The fund may invest in securities from developed markets, as well as selectively in emerging markets, enhancing diversification and tactical opportunities. Launched in 2006 and managed by Dreyfus under the BNY Mellon umbrella, this fund plays a distinctive role in the market as a multi-asset alternative macro strategy, catering to investors seeking a diversified, non-traditional return profile focused on risk-adjusted performance over varying market cycles.
Fund Family BNY Mellon
Category Macro Trading
Stock Exchange NASDAQ
Ticker Symbol AVGRX
Share Class Class I
Index MSCI World NR USD
AVGRX had a total return of -0.35% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.42%.
