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Individual Investors

    BNY Mellon Small/Mid Cap Growth Fund

    Why invest in this Fund?

    The fund seeks long-term growth of capital. To pursue this goal, the fund invests, under normal circumstances, at least 80% of its assets in equity securities of small-cap and mid-cap U.S. companies. The fund currently considers small-cap and mid-cap companies to be those with total market capitalizations that are equal to or less than the total market capitalization of the largest company included in the Russell 2500 ® Growth Index.

    Min. class investment
    $1,000
    Class Inception Date
    03/31/09
    Fund Assets
    $2,721,941,031  As of  02/03/23
    Class Assets
    $464,399,901  As of  02/03/23
    Portfolio Turnover Rate
    28.58% As of fiscal year end  09/30/22
    Morningstar Category
    Mid-Cap Growth
    Benchmark
    Russell 2500® Growth Index
    Morningstar Overall Rating
    Fund Holdings
    86 As of 12/31/22

    Morningstar Rating™ as of December 31, 2022 for the Class A class shares; other classes may have different performance characteristics. Overall rating for the Mid-Cap Growth category. Fund ratings are out of 5 Stars: Overall 3 Stars (534 funds rated); 3 Yrs. 2 Stars (534 funds rated); 5 Yrs. 3 Stars (499 funds rated); 10 Yrs. 3 Stars (389 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

    • John Porter

      John Porter

      CIO, Head of Equity, Newton Investment Management North America, LLC

      5 yr(s). on fund

    • Todd Wakefield

      Todd Wakefield, CFA

      Research Analyst, Newton Investment Management North America, LLC

      17 yr(s). on fund

    • Robert Zeuthen

      Robert Zeuthen, CFA

      Research Analyst, Newton Investment Management North America, LLC

      9 yr(s). on fund

    • Karen Behr

      Karen Behr

      Portfolio Manager,

      1 yr(s). on fund


    Total Returns

    Click here to see SALES CHARGE  Max Sales Charge:  5.75%  Front End 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 Small/Mid Cap Growth Fund
    DBMAX
    8.73 9.84 -14.86 4.16 8.63 11.54 11.79
    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 Small/Mid Cap Growth Fund
    DBMAX
    6.42 -33.31 -33.31 2.35 7.89 11.20 11.52
    Russell 2500® Growth Index
    4.72 -26.21 -26.21 2.88 5.97 10.62 -

    The Russell 2500™ Growth Index measures the performance of the small- to mid-cap growth segment of the U.S. equity universe. It includes those Russell 2500 companies with higher growth earning potential as defined by Russell's leading style methodology. The Russell 2500 Growth Index is constructed to provide a comprehensive and unbiased barometer of the small- to mid-cap growth market. The index is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true small- to mid-cap opportunity set and that the represented companies continue to reflect growth characteristics. Investors cannot invest directly in any index.

    The total return performance figures presented for Class A shares of the fund represent the performance of the fund's Class I for periods prior to March 31, 2009, the inception date for Class A shares, and the performance of Class A, 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.


    On March 31, 2009, existing shares were designated Class I shares and the fund began to offer Class A and C shares. The total return performance figures for Class A and C shares presented for periods prior to March 31, 2009, reflect the performance of the fund’s Class I shares, adjusted to reflect the applicable sales load for that class. Performance has not been adjusted to reflect any class-specific distribution or servicing fees or any differences in operating expenses but these fees and expenses are reflected in returns for periods after March 31, 2009. Had these fees and expenses been reflected for periods prior to the fund’s reorganization, performance would have been lower. 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.


      On March 31, 2009, existing shares were designated Class I shares and the fund began to offer Class A and C shares. The total return performance figures for Class A and C shares presented for periods prior to March 31, 2009, reflect the performance of the fund’s Class I shares, adjusted to reflect the applicable sales load for that class. Performance has not been adjusted to reflect any class-specific distribution or servicing fees or any differences in operating expenses but these fees and expenses are reflected in returns for periods after March 31, 2009. Had these fees and expenses been reflected for periods prior to the fund’s reorganization, performance would have been lower. Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

      Yearly Total Return

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


      Prospectus Fee Table Expense Ratios

      As of  02/01/23 Fee Description Expense Ratio (%)
      Management Fee 0.60%
      Service Fee 0.25%
      Administration Fee 0.01%
      Other Expenses 0.12%
      Total Expenses 0.98%
      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.

      Sales Charge

      There is a 1% CDSC for purchases of $1,000,000 and over if redeemed within one year of purchase.


      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 adviser. The fund is managed 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 John Porter, the lead portfolio manager, Karen Behr, Todd W. Wakefield, CFA, and Robert C. Zeuthen, CFA. Mr. Porter has been a primary portfolio manager of the fund since March 2017, and is Chief Investment Officer and Head of Equity at Newton. Ms. Behr has been a primary portfolio manager of the fund since September 2021. She is a portfolio manager at Newton. Mr. Wakefield has been a primary portfolio manager of the fund since September 2005. He is a research analyst at Newton. Mr. Zeuthen has been a primary portfolio manager of the fund since April 2013. He is a research analyst at Newton.

      Top Holdings

      As of 12/31/22

      Asset Allocation


          Daily Statistics

          As of 02/03/23 Name NAV Change 04/04/22  12 Month 
          High Nav
          06/16/22  12 Month 
          Low Nav
          YTD Return
          DBMAX
          $24.16
          -$0.54
          -2.19%
          $29.28 $19.75 12.16%

          Performance Metrics

          Overall Morningstar Rating


          MORNINGSTAR CATEGORY Mid-Cap Growth


          Morningstar Rating™ as of 12/31/22 for the Class A shares; other classes may have different performance characteristics. Overall rating for the Mid-Cap Growth. Fund ratings are out of 5 Stars: Overall 3 Stars (534 funds rated); 3 Yrs. 2 Stars (534 funds rated); 5 Yrs. 3 Stars (499 funds rated); 10 Yrs. 3 Stars (389 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.

          Lipper Rankings

          • 1 Year
            294 out of 390
          • 3 Year
            251 out of 348
          • 5 Year
            128 out of 325
          • 10 Year
            92 out of 260

          LIPPER CLASSIFICATION Mid-Cap Growth Funds


          Lipper Category returns and rankings are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns. Rankings do not reflect sales loads

          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.
          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
          DBMAX
          27.94 -4.40 1.10 70.35 0.19

          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
          Sep 30
          Year Dividend ($) Capital Gains ($)
          2021 0.0000 3.1308
          2020 0.0000 3.0865
          2018 0.0000 1.5708
          2017 0.0000 1.8050
          2016 0.0000 0.3764
          2015 0.0000 1.0304
          2014 0.0000 1.8123
          2013 0.0000 2.0995
          2012 0.0000 1.1980
          2011 0.0000 1.1540

          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
          11/30/21 12/01/21 12/01/21 0.0000 0.0000 0.6602 0.0421 2.4285 3.1308 31.23
          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
          11/30/20 12/01/20 12/01/20 0.0000 0.0000 0.0000 0.0000 3.0865 3.0865 -
          11/30/18 12/03/18 12/03/18 0.0000 0.0000 0.2349 0.0585 1.2774 1.5708 -
          12/06/17 12/07/17 12/07/17 0.0000 0.0000 0.1536 0.0679 1.5835 1.8050 -
          12/06/16 12/07/16 12/07/16 0.0000 0.0000 0.0000 0.0000 0.3764 0.3764 -
          12/07/15 12/08/15 12/08/15 0.0000 0.0000 0.0000 0.0000 1.0304 1.0304 -
          12/16/14 12/17/14 12/17/14 0.0000 0.0000 0.2665 0.0836 1.4622 1.8123 -
          12/03/13 12/04/13 12/04/13 0.0000 0.0000 0.4434 0.0799 1.5762 2.0995 -
          12/03/12 12/04/12 12/04/12 0.0000 0.0000 0.3101 0.0889 0.7990 1.1980 -
          12/02/11 12/05/11 12/05/11 0.0000 0.0000 0.0000 0.0430 1.1110 1.1540 -

          Literature

          PRODUCT MATERIALS

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          FUND UPDATE Q AND A Download
          INVESTMENT REPORT Download
          QUARTERLY COMMENTARY Download
          PRESENTATION Download
          RE-ENTRY POINT: CURRENT VOLATILITY PROVIDES OPPORTUNITY FOR SMID GROWTH Download
          BUYING HABITS CHANGE: TAPPING NEW MARKETS FOR EVOLVING CONSUMERS Download

          Factsheet, Prospectus and Reports

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          Factsheet Download
          Prospectus Download
          Summary Prospectus Download
          SAI Download
          Annual Report Download
          Semi Annual Report Download
          1Q Fiscal Holdings Download
          3Q Fiscal Holdings Download