Fund Facts  

Inception Date: Jun 28, 1996
CUSIP: 09661K106
Ticker Symbol: DRFMX
Morningstar Category:Diversified Emerging Mkts
As of Sep 30, 2020
Fund Net Assets ($millions) $76

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks long-term capital growth.

Principal Investment Strategies  

To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in the stocks of companies organized, or with a majority of assets or business, in emerging market countries. In selecting stocks, the portfolio manager identifies potential investments through extensive quantitative and fundamental research using a value-oriented, research-driven approach. The fund's manager considers emerging market countries to be generally all countries represented by the Morgan Stanley Capital International (MSCI) Emerging Markets Index. The fund is non-diversified.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Sep 30, 2020
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
BNY Mellon Emerging Mkts Sec Aa9.48%-5.25%7.32%-0.94%7.24%0.00%6.58%
MSCI Emerging Markets Index (Net)a,b9.56%-1.16%10.54%2.42%8.97%2.50%N/A
Morningstar Diversified Emerging Mktsa,c8.87%-1.43%9.11%1.73%8.08%2.46%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, participants or plan sponsors in an ICMA-RC administered account can log in at www.icmarc.org, or institutions can go to www.vantagepointfunds.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Fund Expensesa,d
Gross Expenses2.10%
Net Expenses2.00%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2020 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The MSCI Emerging Markets Index (Net) is a free float-adjusted market capitalization index of equity securities that is designed to measure the equity market performance of emerging markets. The net version of this index reinvests dividends after the deduction of withholding taxes, using a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties.

c. The Morningstar category represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

d. Differences between the net and gross expense ratios of a fund are typically due to fee waivers, expense reimbursements, and/or expense limits.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Dec 27, 2019Dec 27, 2019$0.114800000
Dec 27, 2018Dec 27, 2018$0.034400000
Dec 28, 2017Dec 28, 2017$0.107000000
Dec 29, 2016Dec 29, 2016$0.066300000
Dec 30, 2015Dec 30, 2015$0.185000000
 

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2020
Period Stars Category Size
Overall 2 Stars695
3-Year 2 Stars695
5-Year 2 Stars590
10-Year 1 Stars264

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating/40% three–year rating for 60–119 months of total returns, and 50% 10–year rating/30% five–year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Sep 30, 2020
Equity Stylebox
Large Blend
Allocation of Assets As of Aug 31, 2020
Type of Asset Percent
Equity99%
Fixed Income0%
Cash/Other1%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Aug 31, 2020
Asset ClassPercent
Domestic Stock0.0%
Foreign Stock98.8%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash1.2%
Other0.0%

Due to rounding, percentages shown may not add up to 100%.

 

Equity Sector As of Aug 31, 2020
SectorPercent
Technology19.6%
Financial Services18.3%
Consumer Cyclical17.9%
Communication Services14.5%
Consumer Defensive8.3%
Basic Materials7.0%
Energy4.0%
Healthcare3.2%
Utilities2.9%
Industrials2.1%
Real Estate1.0%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Top Ten Country Exposure As of Aug 31, 2020
CountryPercent
China42.3%
Taiwan16.6%
South Korea9.1%
India8.0%
Brazil3.9%
Russia3.0%
Mexico2.8%
South Africa2.8%
Turkey1.6%
Thailand1.1%
Top Ten Holdings As of Aug 31, 2020
Holding NamePercent
Tencent Holdings Ltd11.5%
Taiwan Semiconductor Manufacturing Co Ltd10.0%
Alibaba Group Holding Ltd ADR9.8%
Samsung Electronics Co Ltd3.7%
Ping An Insurance (Group) Co. of China Ltd Class H2.9%
Meituan Dianping2.6%
Chailease Holding Co Ltd2.3%
China Construction Bank Corp Class H2.2%
MediaTek Inc2.1%
Sibanye Stillwater Ltd Ordinary Shares1.9%
 

Statistics

Portfolio Statistics As of Sep 30, 2020
Statistic3-Year5-Year
Beta1.071.08
Alpha-3.17-2.00
Standard Deviation20.5319.05
 
 

Trading Restrictions

Redemption Fee  
Holding PeriodFee
60 days2.0%
 

Footnotes

1.

Please read the fund's prospectus or disclosure materials carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, or log in at www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2020 Morningstar, Inc.™ All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.