# PFG BNY Mellon Diversifier Strategy Fund (PFADX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pfadx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: BNY Mellon · Asset class: Equity - Strategy: Thematic · Inception: 2017-12-11 The PFG BNY Mellon Diversifier Strategy Fund endeavors to achieve its investment mandate by allocating a minimum of 80% of its capital, including any funds obtained through borrowing, into mutual funds and exchange-traded funds (ETFs) overseen by BNY Mellon. These constituent underlying funds—both those managed by BNY Mellon and other underlying funds—principally invest in a diverse range of equity securities, spanning all market capitalizations and global geographies, and/or various fixed-income instruments. Such debt holdings originate from domestic and international corporations and gove... ## Key Facts | Metric | Value | |---|---| | Price | $9.89 | | Expense Ratio | 2.56% | | Assets Under Management | $114.8M | | NAV | $9.89 | | Holdings Count | — | | Distribution Yield (TTM) | 2.43% | | Annual Distribution (TTM) | $0.24 /share | | Distribution Frequency | Annual | | 52-Week Range | $9.75 – $10.18 | | Beta | 0.59 | ## Latest Distribution - Amount: $0.2401 /share - Ex-date: 2025-12-30 - Pay date: 2025-12-31 ## Frequently Asked Questions ### What does PFADX invest in? The PFG BNY Mellon Diversifier Strategy Fund endeavors to achieve its investment mandate by allocating a minimum of 80% of its capital, including any funds obtained through borrowing, into mutual funds and exchange-traded funds (ETFs) overseen by BNY Mellon. These constituent underlying funds—both those managed by BNY Mellon and other underlying funds—principally invest in a diverse range of equity securities, spanning all market capitalizations and global geographies, and/or various fixed-income instruments. Such debt holdings originate from domestic and international corporations and government entities, possessing a full spectrum of maturities and credit qualities, and may include speculative-grade debt (often referred to as 'junk bonds'). ### What is the expense ratio of PFADX? PFG BNY Mellon Diversifier Strategy Fund (PFADX) charges an expense ratio of 2.56%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is PFADX? PFG BNY Mellon Diversifier Strategy Fund (PFADX) manages $114.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is PFADX actively managed or an index fund? PFADX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was PFADX launched? PFG BNY Mellon Diversifier Strategy Fund (PFADX) launched in December 2017 and is managed by BNY Mellon. ### How has PFADX performed? PFADX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does PFADX pay a dividend? PFG BNY Mellon Diversifier Strategy Fund (PFADX) currently distributes little or no income. Trailing-twelve-month yield is 2.43%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PFADX pay dividends? PFG BNY Mellon Diversifier Strategy Fund pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PFADX's dividend yield? PFADX's trailing-twelve-month yield is 2.43%, calculated from the sum of dividends over the past year divided by the current price. ### When is PFADX's next ex-dividend date? The most recently announced ex-dividend date for PFADX was 2025-12-30. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will PFADX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 2.56% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PFADX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PFADX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PFADX cost more than a fund like VOO? PFADX's strategy (current expense ratio 2.56%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where PFADX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to PFADX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PFADX (2.56%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/pfadx - Distribution history: https://www.dividenddata.com/funds/pfadx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pfadx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pfadx/expenses - Peer comparison: https://www.dividenddata.com/funds/pfadx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.