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Individual Investors

    BNY Mellon Active MidCap Fund

    Why invest in this Fund?

    The fund seeks to maximize capital appreciation by normally investing at least 80% of its assets, plus any borrowings for investment purposes, in the stocks of midsized companies. The fund defines "midsized companies" as companies included in the Russell Midcap Index at the time of purchase. The fund's portfolio managers apply a systematic, quantitative investment approach designed to identify and exploit relative misvaluations primarily within mid-cap stocks in the U.S. stock market.
    Min. class investment
    $1,000
    Class Inception Date
    11/27/02
    Fund Assets
    $434,110,419  As of  02/03/23
    Class Assets
    $1,617,921  As of  02/03/23
    Portfolio Turnover Rate
    90.53% As of fiscal year end  12/31/21
    Morningstar Category
    Mid-Cap Blend
    Benchmark
    Russell Midcap Index
    Fund Holdings
    246 As of 12/31/22

    Morningstar Rating™ as of December 31, 2022 for the Class C class shares; other classes may have different performance characteristics. Overall rating for the Mid-Cap Blend category. Fund ratings are out of 5 Stars: Overall 2 Stars (370 funds rated); 3 Yrs. 3 Stars (370 funds rated); 5 Yrs. 1 Stars (342 funds rated); 10 Yrs. 2 Stars (219 funds rated). The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance (not including the effects of sales charges, loads and redemption fees if applicable), placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. 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 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. © 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. Past performance is no guarantee of future results. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.

     

    Portfolio Managers

    • Peter  Goslin

      Peter Goslin, CFA

      Portfolio Manager, Newton Investment Management North America, LLC

      8 yr(s). on fund


    Total Returns

    Click here to see SALES CHARGE  Max Sales Charge:  1.00%  CDSC Load
    Average Annual
    As of 01/31/23
    Name 3 MO
    01/31/23
    YTD
    01/31/23
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Active MidCap Fund
    DNLCX
    8.28 7.76 -2.23 8.42 3.49 8.15 9.56
    Average Annual
    As of 12/31/22
    Name 3 MO
    12/31/22
    YTD
    12/31/22
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Active MidCap Fund
    DNLCX
    10.15 -14.87 -14.87 4.95 2.63 8.14 9.37
    Russell Midcap Index
    9.18 -17.32 -17.32 5.88 7.10 10.96 -

    The Russell Midcap® Index measures the performance of the mid-cap segment of the U.S. equity universe. The Russell Midcap® Index is a subset of the Russell 1000® Index. It includes approximately 800 of the smallest securities based on a combination of their market cap and current index membership. The Russell Midcap® Index represents approximately 31% of the total market capitalization of the Russell 1000 companies. The Russell Midcap® Index is constructed to provide a comprehensive and unbiased barometer for the mid-cap segment. The index is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true mid-cap opportunity set. Investors cannot invest directly in any index.

    The total return performance figures presented for Class C shares of the fund represent the performance of the fund's Class A for periods prior to November 27, 2002, the inception date for Class C shares, and the performance of Class C, respectively, from that inception date. Performance reflects the applicable class' distribution/servicing fees since the inception date. Had these fees and expenses been reflected for periods prior, performance would have been different.


    Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

    Growth of $10,000 Investment

    Historical Performance

      These figures do not reflect the maximum sales charge which, if included, would reduce return.

      Yearly Total Return

      Investment return fluctuates and past performance is no guarantee of future results.


      Redemption Charge

      As of    REDEMPTION YEAR CDSC
      Year  1 1.00

      Class C shares are subject to a contingent deferred sales charge (CDSC) imposed on Class C shares redeemed within one year of purchase.

      Prospectus Fee Table Expense Ratios

      As of  04/29/22 Fee Description Expense Ratio (%)
      Management Fee 0.75%
      12B-1 Fee 0.75%
      Service Fee 0.25%
      Other Expenses 0.27%
      Total Expenses 2.02%
      Expenses Reimbursed 0.27%
      Net Expenses 1.75%
      Total Expenses is the total annual operating expense ratio for the fund, before any fee waivers or expense reimbursements. Net Expenses is the total annual operating expense ratio for the fund, after any applicable fee waivers or expense reimbursements. The Total Expenses, or Net Expenses (if including fee waivers or expense reimbursements) is the actual fund expense ratio applicable to investors.
      The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until April 29, 2023, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of the fund's classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed 0.75%. On or after April 29, 2023, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.

      Portfolio Manager/Sub-Investment Adviser

      The primary portfolio manager of the fund is Peter D. Goslin, CFA. Mr. Goslin has been a primary portfolio manager of the fund since March 2017. Mr. Goslin is a portfolio manager at NIMNA. He has been employed by NIMNA or a predecessor company of NIMNA since 1999.

      Top Holdings

      As of 12/31/22

      Asset Allocation


          Daily Statistics

          As of 02/03/23 Name NAV Change 03/29/22  12 Month 
          High Nav
          09/26/22  12 Month 
          Low Nav
          YTD Return
          DNLCX
          $46.50
          -$0.58
          -1.23%
          $53.41 $40.38 9.72%

          Main Risks

          Equities are subject to market, market sector, market liquidity, issuer, and investment style risks to varying degrees.
          Small and midsized company stocks tend to be more volatile and less liquid than larger company stocks as these companies are less established and have more volatile earnings histories.
          Investing in foreign denominated and/or domiciled securities involves special risks, including changes in currency exchange rates, political, economic, and social instability, limited company information, differing auditing and legal standards, and less market liquidity. These risks generally are greater with emerging market countries.
          Recent market risks include pandemic risks related to COVID-19. The effects of COVID-19 have contributed to increased volatility in global markets and will likely affect certain countries, companies, industries and market sectors more dramatically than others. To the extent the fund may overweight its investments in certain countries, companies, industries or market sectors, such positions will increase the fund's exposure to risk of loss from adverse developments affecting those countries, companies, industries or sectors.

          Risk Metrics

          As of  12/31/22  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DNLCX
          23.00 -2.54 1.05 93.02 0.29

          All risk metrics are provided by Morningstar. The index used in the calculations are determined by Morningstar which may not be the funds primary benchmark. The index Morningstar used for this analysis is S&P 500® Index.


          Dividend Schedule

          Declared
          Annually
          Distributed
          Annually
          Paid
          Annually
          Fiscal Year End
          Dec 31
          Year Dividend ($) Capital Gains ($)
          2022 0.0000 3.9630
          2021 0.0000 10.6790
          2020 0.0000 1.2147
          2019 0.0000 1.2592
          2018 0.0000 5.0985
          2017 0.0000 6.8221
          2016 0.0000 0.4160
          2015 0.0000 1.3999
          2012 0.0720 0.0000
          2009 0.0100 0.0000

          There is no guarantee that the fund will distribute any level annually. Capital gains may be short-term, long-term, or both.

          Distributions History

          Record Date Ex-Dividend Date Payable Date Ordinary 
          Non-Qualified 
          Dividends
          Qualified 
          Dividends
          Non-Qualified 
          Short-Term 
          Capital Gain
          Qualified 
          Short-Term 
          Capital Gain
          Long-Term 
          Capital Gain
          Total 
          Distribution
          Reinvest 
          NAV
          12/14/22 12/15/22 12/15/22 0.0000 0.0000 0.0000 0.0000 2.1748 2.1748 42.82
          Record Date Ex-Dividend Date Payable Date Ordinary 
          Non-Qualified 
          Dividends
          Qualified 
          Dividends
          Non-Qualified 
          Short-Term 
          Capital Gain
          Qualified 
          Short-Term 
          Capital Gain
          Long-Term 
          Capital Gain
          Total 
          Distribution
          Reinvest 
          NAV
          03/29/22 03/30/22 03/30/22 - 0.0000 0.3794 0.0000 1.4088 1.7882 -
          12/15/21 12/16/21 12/16/21 0.0000 0.0000 3.7191 0.6843 5.4708 9.8742 -
          03/29/21 03/30/21 03/30/21 - 0.0000 - 0.0000 0.8048 0.8048 -
          12/16/20 12/17/20 12/17/20 0.0000 0.0000 0.0000 0.0000 0.6887 0.6887 -
          03/25/20 03/26/20 03/26/20 0.0000 0.0000 0.0000 0.0000 0.5260 0.5260 -
          12/18/19 12/19/19 12/19/19 0.0000 0.0000 0.0000 0.0000 1.2397 1.2397 -
          03/20/19 03/21/19 03/21/19 0.0000 0.0000 0.0000 0.0000 0.0195 0.0195 -
          12/19/18 12/20/18 12/20/18 0.0000 0.0000 0.0000 0.0000 4.2820 4.2820 -
          03/21/18 03/22/18 03/22/18 0.0000 0.0000 0.0000 0.2207 0.5958 0.8165 -
          12/21/17 12/22/17 12/22/17 0.0000 0.0000 0.0000 0.3181 5.9616 6.2797 -
          03/22/17 03/23/17 03/23/17 0.0000 0.0000 0.0000 0.0000 0.5424 0.5424 -
          03/23/16 03/24/16 03/24/16 0.0000 0.0000 0.0000 0.0000 0.4160 0.4160 -
          12/22/15 12/23/15 12/23/15 0.0000 0.0000 0.0000 0.0000 1.3999 1.3999 -
          12/21/12 12/24/12 12/24/12 0.0000 0.0720 0.0000 0.0000 0.0000 0.0720 -
          12/23/09 12/24/09 12/24/09 0.0000 0.0100 0.0000 0.0000 0.0000 0.0100 -
          03/26/08 03/27/08 03/27/08 0.0000 0.0000 0.0000 0.0000 0.0040 0.0040 -
          12/19/07 12/20/07 12/20/07 0.0000 0.0000 0.0000 0.0000 6.4840 6.4840 -
          03/27/07 03/28/07 03/28/07 0.0000 0.0000 0.0000 0.0165 0.7315 0.7480 -
          12/20/06 12/21/06 12/21/06 0.0000 0.0000 0.0000 0.0460 4.2760 4.3220 -
          03/28/06 03/29/06 03/29/06 0.0000 0.0000 0.1329 0.2681 0.5970 0.9980 -
          12/20/05 12/21/05 12/21/05 0.0000 0.0000 0.0000 0.1140 1.6510 1.7650 -
          03/30/05 03/31/05 03/31/05 0.0000 0.0000 0.2724 0.2026 1.2290 1.7040 -
          12/16/04 12/17/04 12/17/04 0.0000 0.0000 0.1200 0.3540 2.5860 3.0600 -
          03/30/04 03/31/04 03/31/04 0.0000 0.0000 0.7240 0.0000 0.0000 0.7240 -
          12/16/03 12/17/03 12/17/03 0.0000 0.3907 0.3180 0.0000 1.8453 3.9470 -
          See all rows...

          Literature

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