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Individual Investors

    BNY Mellon Opportunistic Midcap Value Fund

    Why invest in this Fund?

    The fund seeks to surpass the performance of the Russell Midcap® Value Index. To pursue this goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of mid-cap companies. The fund currently considers mid-cap companies to be those with market capitalizations, at the time of purchase, within the market capitalization range of companies comprising the Russell Midcap® Value Index. The fund's portfolio managers identify potential investments through extensive quantitative and fundamental research. The fund focuses on individual stock selection (a "bottom-up" approach), emphasizing three key factors: relative value, business health, and business momentum.
    Min. class investment
    $1,000
    Class Inception Date
    05/30/08
    Fund Assets
    $427,532,646  As of  02/03/23
    Class Assets
    $6,655,913  As of  02/03/23
    Portfolio Turnover Rate
    28.31% As of fiscal year end  08/31/22
    Morningstar Category
    Mid-Cap Blend
    Benchmark
    Russell Midcap Value Index
    Fund Holdings
    62 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. 4 Stars (370 funds rated); 5 Yrs. 2 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

    • Patrick  Kent

      Patrick Kent, CFA

      Deputy Head of Equity Opportunities, Portfolio Manager, Newton Investment Management North America, LLC

      3 yr(s). on fund

    • Andrew Leger

      Andrew Leger

      Portfolio Manager, Mellon Investments Corporation

      1 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 Opportunistic Midcap Value Fund
    DVLCX
    7.66 6.90 0.89 9.98 5.40 8.43 11.02
    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 Opportunistic Midcap Value Fund
    DVLCX
    9.43 -8.73 -8.73 7.29 4.91 8.55 10.78
    Russell Midcap Value Index
    10.45 -12.03 -12.03 5.82 5.72 10.11 -

    The Russell Midcap® Value Index measures the performance of the mid-cap value segment of the U.S. equity universe. It includes those Russell Midcap® Index companies that are considered more value-oriented relative to the overall market as defined by Russell’s leading style methodology. The Russell Midcap® Value Index is constructed to provide a comprehensive and unbiased barometer of the mid-cap value market. The index is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true mid-cap value market. 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 May 30, 2008, 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  12/30/22 Fee Description Expense Ratio (%)
      Management Fee 0.75%
      12B-1 Fee 0.75%
      Service Fee 0.25%
      Other Expenses 0.19%
      Total Expenses 1.94%
      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.

      Portfolio Manager/Sub-Investment Adviser

      The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). BNYM Investment Adviser has engaged its affiliate, Newton Investment Management North America, LLC (Newton), to serve as the fund's sub-investment. Investment decisions for the fund are made by a team of investment professionals employed by Newton. The team members who are jointly and primarily responsible for managing the fund's portfolio are Patrick Kent, CFA, CMT and Andrew Leger. Mr. Kent has served as lead portfolio manager of the fund since March 2019. Mr. Leger has been a portfolio manager of the fund since September 2021. Mr. Kent is Deputy Head of Equity Opportunities and a portfolio manager at Newton. Mr. Leger is a portfolio manager at Newton.

      Top Holdings

      As of 12/31/22

      Asset Allocation


          Daily Statistics

          As of 02/03/23 Name NAV Change 04/20/22  12 Month 
          High Nav
          12/19/22  12 Month 
          Low Nav
          YTD Return
          DVLCX
          $22.78
          -$0.30
          -1.30%
          $26.76 $21.01 6.15%

          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
          DVLCX
          23.19 0.15 1.00 83.16 0.38

          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
          Aug 31
          Year Dividend ($) Capital Gains ($)
          2022 0.0000 1.8222
          2021 0.0000 4.1287
          2020 0.0002 0.0000
          2018 0.0000 6.9275
          2017 0.0000 4.3746
          2016 0.0000 1.5001
          2015 0.0000 6.1013
          2014 0.0000 4.3436
          2013 0.0000 4.2548
          2012 0.0130 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
          12/07/22 12/08/22 12/08/22 0.0000 0.0000 0.0000 0.0000 1.8222 1.8222 21.67
          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
          12/07/21 12/08/21 12/08/21 0.0000 0.0000 0.0000 0.0000 4.1287 4.1287 -
          03/25/20 03/26/20 03/26/20 0.0000 0.0002 0.0000 0.0000 0.0000 0.0002 -
          12/10/18 12/11/18 12/11/18 0.0000 0.0000 2.7974 0.4080 3.7221 6.9275 -
          12/11/17 12/12/17 12/12/17 0.0000 0.0000 0.7383 0.4191 3.2172 4.3746 -
          12/12/16 12/13/16 12/13/16 0.0000 0.0000 0.0000 0.2311 1.2690 1.5001 -
          12/14/15 12/15/15 12/15/15 0.0000 0.0000 0.0000 0.5587 5.5426 6.1013 -
          12/03/14 12/04/14 12/04/14 0.0000 0.0000 0.6065 0.4924 3.2447 4.3436 -
          12/03/13 12/04/13 12/04/13 0.0000 0.0000 0.1916 0.2886 3.7746 4.2548 -
          05/10/12 05/11/12 05/11/12 0.0130 0.0000 0.0000 0.0000 0.0000 0.0130 -
          12/15/11 12/16/11 12/16/11 0.0398 0.1062 0.1115 0.2973 4.4916 5.0464 -
          03/19/10 03/22/10 03/22/10 0.0000 0.0070 0.0000 0.0000 0.0000 0.0070 -
          12/09/09 12/10/09 12/10/09 0.0000 0.1030 0.0000 0.0000 0.0000 0.1030 -
          12/09/08 12/10/08 12/10/08 0.0000 0.0780 0.0000 0.0000 0.0000 0.0780 -
          See all rows...

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