diff --git a/spring-data-mongodb/src/main/java/org/springframework/data/mongodb/core/convert/MappingMongoConverter.java b/spring-data-mongodb/src/main/java/org/springframework/data/mongodb/core/convert/MappingMongoConverter.java
index 049aa57e9..045181476 100644
--- a/spring-data-mongodb/src/main/java/org/springframework/data/mongodb/core/convert/MappingMongoConverter.java
+++ b/spring-data-mongodb/src/main/java/org/springframework/data/mongodb/core/convert/MappingMongoConverter.java
@@ -38,6 +38,7 @@ import org.bson.codecs.DecoderContext;
 import org.bson.conversions.Bson;
 import org.bson.json.JsonReader;
 import org.bson.types.ObjectId;
+
 import org.springframework.beans.BeansException;
 import org.springframework.beans.factory.BeanClassLoaderAware;
 import org.springframework.context.ApplicationContext;
@@ -415,8 +416,8 @@ public class MappingMongoConverter extends AbstractMongoConverter implements App
 
 			EntityProjection<?, ?> property = returnedTypeDescriptor.findProperty(name);
 			if (property == null) {
-				return new ConversionContext(sourceConverter, conversions, path, MappingMongoConverter.this::readDocument, collectionConverter,
-						mapConverter, dbRefConverter, elementConverter);
+				return new ConversionContext(sourceConverter, conversions, path, MappingMongoConverter.this::readDocument,
+						collectionConverter, mapConverter, dbRefConverter, elementConverter);
 			}
 
 			return new ProjectingConversionContext(sourceConverter, conversions, path, collectionConverter, mapConverter,
@@ -966,8 +967,8 @@ public class MappingMongoConverter extends AbstractMongoConverter implements App
 		TypeInformation<?> type = prop.getTypeInformation();
 
 		if (conversions.getPropertyValueConversions().hasValueConverter(prop)) {
-			accessor.put(prop,
-					conversions.getPropertyValueConversions().getValueConverter(prop).write(obj, new MongoConversionContext(prop, this)));
+			accessor.put(prop, conversions.getPropertyValueConversions().getValueConverter(prop).write(obj,
+					new MongoConversionContext(prop, this)));
 			return;
 		}
 
@@ -1302,9 +1303,8 @@ public class MappingMongoConverter extends AbstractMongoConverter implements App
 		DocumentAccessor accessor = new DocumentAccessor(bson);
 
 		if (conversions.getPropertyValueConversions().hasValueConverter(property)) {
-			accessor.put(property,
-					conversions.getPropertyValueConversions().getValueConverter(property)
-							.write(value, new MongoConversionContext(property, this)));
+			accessor.put(property, conversions.getPropertyValueConversions().getValueConverter(property).write(value,
+					new MongoConversionContext(property, this)));
 			return;
 		}
 
@@ -1971,12 +1971,15 @@ public class MappingMongoConverter extends AbstractMongoConverter implements App
 				return null;
 			}
 
-			if (context.conversions.getPropertyValueConversions().hasValueConverter(property)) {
-				return (T) context.conversions.getPropertyValueConversions().getValueConverter(property).read(value,
+			CustomConversions conversions = context.conversions;
+			if (conversions.getPropertyValueConversions().hasValueConverter(property)) {
+				return (T) conversions.getPropertyValueConversions().getValueConverter(property).read(value,
 						new MongoConversionContext(property, context.sourceConverter));
 			}
 
-			return (T) context.convert(value, property.getTypeInformation());
+			ConversionContext contextToUse = context.forProperty(property.getName());
+
+			return (T) contextToUse.convert(value, property.getTypeInformation());
 		}
 
 		public MongoDbPropertyValueProvider withContext(ConversionContext context) {
diff --git a/spring-data-mongodb/src/test/java/org/springframework/data/mongodb/core/convert/MappingMongoConverterUnitTests.java b/spring-data-mongodb/src/test/java/org/springframework/data/mongodb/core/convert/MappingMongoConverterUnitTests.java
index 6852cb2cc..4a8602f35 100644
--- a/spring-data-mongodb/src/test/java/org/springframework/data/mongodb/core/convert/MappingMongoConverterUnitTests.java
+++ b/spring-data-mongodb/src/test/java/org/springframework/data/mongodb/core/convert/MappingMongoConverterUnitTests.java
@@ -44,6 +44,7 @@ import org.junit.jupiter.api.extension.ExtendWith;
 import org.mockito.Mock;
 import org.mockito.Mockito;
 import org.mockito.junit.jupiter.MockitoExtension;
+
 import org.springframework.aop.framework.ProxyFactory;
 import org.springframework.beans.ConversionNotSupportedException;
 import org.springframework.beans.factory.annotation.Autowired;
@@ -2734,6 +2735,23 @@ class MappingMongoConverterUnitTests {
 		assertThat(projection.getName()).isEqualTo("my-book by Walter White");
 	}
 
+	@Test // GH-4120
+	void shouldReadDtoProjection() {
+
+		org.bson.Document author = new org.bson.Document("firstName", "Walter").append("lastName", "White");
+		org.bson.Document book = new org.bson.Document("_id", "foo").append("name", "my-book").append("author", author);
+
+		EntityProjectionIntrospector introspector = EntityProjectionIntrospector.create(converter.getProjectionFactory(),
+				EntityProjectionIntrospector.ProjectionPredicate.typeHierarchy()
+						.and((target, underlyingType) -> !converter.conversions.isSimpleType(target)),
+				mappingContext);
+
+		AuthorOnly projection = converter.project(introspector.introspect(AuthorOnly.class, Book.class), book);
+
+		assertThat(projection.getAuthor().getFirstName()).isEqualTo("Walter");
+		assertThat(projection.getAuthor().getLastName()).isEqualTo("White");
+	}
+
 	@Test // GH-3596
 	void simpleConverter() {
 
@@ -3637,6 +3655,21 @@ class MappingMongoConverterUnitTests {
 		String getName();
 	}
 
+	@lombok.Value
+	static class AuthorOnly {
+
+		AuthorNameOnly author;
+	}
+
+	@lombok.Value
+	static class AuthorNameOnly {
+
+		String firstName;
+
+		String lastName;
+
+	}
+
 	@Data
 	static class Book {