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Financial Professionals

    BNY Mellon Appreciation Fund, Inc.

    Why invest in this Fund?

    The fund seeks long-term capital growth consistent with the preservation of capital. Its secondary goal is current income. To pursue these goals, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in common stock. The fund focuses on “blue-chip” companies with total market capitalizations of more than $5 billion at the time of purchase, including multinational companies.
    Min. class investment
    $1,000
    Class Inception Date
    01/18/84
    Fund Assets
    $2,088,312,609  As of  02/03/23
    Class Assets
    $1,588,036,283  As of  02/03/23
    Portfolio Turnover Rate
    4.43% As of fiscal year end  12/31/21
    Morningstar Category
    Large Growth
    Benchmark
    S&P 500® Index
    Morningstar Overall Rating
    Fund Holdings
    49 As of 12/31/22

    Morningstar Rating™ as of December 31, 2022 for the Investor Shares class shares; other classes may have different performance characteristics. Overall rating for the Large Growth category. Fund ratings are out of 5 Stars: Overall 4 Stars (1131 funds rated); 3 Yrs. 5 Stars (1131 funds rated); 5 Yrs. 4 Stars (1054 funds rated); 10 Yrs. 3 Stars (804 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

    • Alan R.  Christensen

      Alan R. Christensen, CFA

      Portfolio Manager,

      2 yr(s). on fund

    • Catherine Crain

      Catherine Crain, CFA

      22 yr(s). on fund

    • Gentry  Lee

      Gentry Lee, CFA

      12 yr(s). on fund

    • Christopher  Sarofim

      Christopher Sarofim

      Portfolio Manager,

      22 yr(s). on fund

    • Charles E. Sheedy

      Charles E. Sheedy, CFA

      Portfolio Manager,

      22 yr(s). on fund


    Total Returns

    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 Appreciation Fund, Inc.
    DGAGX
    8.49 5.55 -7.52 10.64 10.45 11.14 10.75
    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 Appreciation Fund, Inc.
    DGAGX
    11.71 -17.95 -17.95 8.93 10.34 11.03 10.63
    S&P 500® Index
    7.56 -18.11 -18.11 7.66 9.42 12.56 -

    The S&P 500® Index is widely regarded as the best single gauge of large-cap U.S. equities. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization. Investors cannot invest directly in any index.

    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

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

    Historical Performance

      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  04/29/22 Fee Description Expense Ratio (%)
      Management Fee 0.55%
      Service Fee 0.25%
      Other Expenses 0.08%
      Total Expenses 0.88%
      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., and the fund's sub-investment adviser is Fayez Sarofim & Co. (Sarofim & Co.). The fund is managed by a team of portfolio managers employed by Sarofim & Co., consisting of Alan R. Christensen, Catherine Crain, Gentry Lee, Christopher Sarofim and Charles Sheedy. The team is supported by Sarofim & Co.'s Investment Committee, all the members of which are senior investment professionals at Sarofim & Co. The team members hold the following positions at Sarofim & Co.: Mr. Christensen is the President and Head of Investment Risk, Ms. Crain is a Vice President and Director of Marketing and Client Services, Mr. Lee is Chief Executive Officer and Chief Investment Officer, Mr. Sarofim is Chairman, and Mr. Sheedy is a Senior Vice President. Mr. Sarofim has been a portfolio manager of the fund since October 2000. Ms. Crain and Mr. Sheedy have been portfolio managers of the fund since October 2000. Mr. Lee has been a portfolio manager of the fund since November 2010. Mr. Christensen has been a portfolio manager of the fund since March 2020.

      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
          09/30/22  12 Month 
          Low Nav
          YTD Return
          DGAGX
          $38.21
          -$0.38
          -0.98%
          $45.20 $34.88 5.55%

          Performance Metrics

          Overall Morningstar Rating


          MORNINGSTAR CATEGORY Large Growth


          Morningstar Rating™ as of 12/31/22 for the Investor Shares shares; other classes may have different performance characteristics. Overall rating for the Large Growth. Fund ratings are out of 5 Stars: Overall 4 Stars (1131 funds rated); 3 Yrs. 5 Stars (1131 funds rated); 5 Yrs. 4 Stars (1054 funds rated); 10 Yrs. 3 Stars (804 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
            277 out of 628
          • 3 Year
            62 out of 563
          • 5 Year
            57 out of 510
          • 10 Year
            292 out of 408

          LIPPER CLASSIFICATION Large-Cap Core 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.
          Investing in foreign denominated and/or domiciled securities involves special risks, including changes in currencyexchange 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
          DGAGX
          21.34 1.26 1.00 97.50 0.47

          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
          Quarterly
          Distributed
          Quarterly
          Paid
          Quarterly
          Fiscal Year End
          Dec 31
          Year Dividend ($) Capital Gains ($)
          2022 0.2250 3.0895
          2021 0.1551 1.7239
          2020 0.2327 1.8501
          2019 0.3244 3.2203
          2018 0.4120 5.6036
          2017 0.4272 5.4055
          2016 0.5674 8.7017
          2015 0.8788 11.8660
          2014 0.9046 1.9470
          2013 0.8433 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
          12/20/22 12/21/22 12/21/22 0.0000 0.0712 0.0000 0.0000 2.7106 2.7818 36.43
          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
          09/29/22 09/30/22 09/30/22 - 0.0647 - 0.0000 0.0000 0.0647 -
          06/29/22 06/30/22 06/30/22 - 0.0610 - 0.0000 0.0000 0.0610 -
          03/30/22 03/31/22 03/31/22 - 0.0281 - 0.0000 0.3789 0.4070 -
          12/20/21 12/21/21 12/21/21 0.0000 0.0221 0.0000 0.0050 1.6171 1.6442 -
          09/29/21 09/30/21 09/30/21 - 0.0148 - 0.0000 0.0000 0.0148 -
          06/29/21 06/30/21 06/30/21 - 0.0414 - 0.0000 0.0000 0.0414 -
          03/30/21 03/31/21 03/31/21 0.0000 0.0768 0.0000 0.0000 0.1018 0.1786 -
          12/18/20 12/21/20 12/21/20 0.0000 0.0419 0.0000 0.0000 1.4228 1.4647 -
          09/29/20 09/30/20 09/30/20 0.0000 0.0433 0.0000 0.0000 0.0000 0.0433 -
          06/29/20 06/30/20 06/30/20 0.0000 0.0615 0.0000 0.0000 0.0000 0.0615 -
          03/30/20 03/31/20 03/31/20 0.0000 0.0860 0.0000 0.0000 0.4273 0.5133 -
          12/19/19 12/20/19 12/20/19 0.0000 0.0556 0.0000 0.0000 2.2684 2.3240 -
          09/27/19 09/30/19 09/30/19 0.0000 0.0637 0.0000 0.0000 0.0000 0.0637 -
          06/27/19 06/28/19 06/28/19 0.0000 0.0899 0.0000 0.0000 0.0000 0.0899 -
          03/28/19 03/29/19 03/29/19 0.0000 0.1152 0.0000 0.0000 0.9519 1.0671 -
          12/19/18 12/20/18 12/20/18 0.0000 0.0962 0.0000 0.0000 4.9688 5.0650 -
          09/27/18 09/28/18 09/28/18 0.0000 0.0879 0.0000 0.0000 0.0000 0.0879 -
          06/28/18 06/29/18 06/29/18 0.0000 0.1133 0.0000 0.0000 0.0000 0.1133 -
          03/28/18 03/29/18 03/29/18 0.0000 0.1146 0.0000 0.0296 0.6052 0.7494 -
          12/21/17 12/22/17 12/22/17 0.0000 0.0540 0.0000 0.0000 3.1765 3.2305 -
          09/28/17 09/29/17 09/29/17 0.0000 0.0850 0.0000 0.0000 0.0000 0.0850 -
          06/29/17 06/30/17 06/30/17 0.0000 0.1200 0.0000 0.0000 0.0000 0.1200 -
          03/30/17 03/31/17 03/31/17 0.0000 0.1682 0.0000 0.0243 2.2047 2.3972 -
          12/21/16 12/22/16 12/22/16 0.0000 0.1102 0.0000 0.0000 5.3339 5.4441 -
          09/29/16 09/30/16 09/30/16 0.0000 0.1180 0.0000 0.0000 0.0000 0.1180 -
          06/29/16 06/30/16 06/30/16 0.0000 0.1530 0.0000 0.0000 0.0000 0.1530 -
          03/30/16 03/31/16 03/31/16 0.0000 0.1862 0.0000 0.0000 3.3678 3.5540 -
          12/22/15 12/23/15 12/23/15 0.0000 0.2008 0.0000 0.0000 10.8267 11.0275 -
          09/29/15 09/30/15 09/30/15 0.0000 0.1990 0.0000 0.0000 0.0000 0.1990 -
          06/29/15 06/30/15 06/30/15 0.0000 0.2190 0.0000 0.0000 0.0000 0.2190 -
          03/30/15 03/31/15 03/31/15 0.0000 0.2600 0.0000 0.0000 1.0393 1.2993 -
          12/29/14 12/30/14 12/30/14 0.0000 0.2106 0.0000 0.0000 1.9470 2.1576 -
          09/29/14 09/30/14 09/30/14 0.0000 0.2060 0.0000 0.0000 0.0000 0.2060 -
          06/27/14 06/30/14 06/30/14 0.0000 0.2340 0.0000 0.0000 0.0000 0.2340 -
          03/28/14 03/31/14 03/31/14 0.0000 0.2540 0.0000 0.0000 0.0000 0.2540 -
          12/20/13 12/23/13 12/23/13 0.0000 0.2023 0.0000 0.0000 0.0000 0.2023 -
          09/27/13 09/30/13 09/30/13 0.0000 0.2020 0.0000 0.0000 0.0000 0.2020 -
          06/27/13 06/28/13 06/28/13 0.0000 0.2260 0.0000 0.0000 0.0000 0.2260 -
          03/27/13 03/28/13 03/28/13 0.0000 0.2130 0.0000 0.0000 0.0000 0.2130 -
          12/20/12 12/21/12 12/21/12 0.0000 0.1992 0.0000 0.0000 0.0000 0.1992 -
          09/27/12 09/28/12 09/28/12 0.0000 0.1670 0.0000 0.0000 0.0000 0.1670 -
          06/28/12 06/29/12 06/29/12 0.0000 0.1870 0.0000 0.0000 0.0000 0.1870 -
          04/02/12 04/03/12 04/03/12 0.0000 0.1707 0.0000 0.0000 0.0000 0.1707 -
          12/21/11 12/22/11 12/22/11 0.0000 0.5725 0.0000 0.0000 0.0000 0.5725 -
          03/23/11 03/24/11 03/24/11 0.0000 0.0063 0.0000 0.0000 0.0000 0.0063 -
          12/27/10 12/28/10 12/28/10 0.0000 0.4203 0.0000 0.0000 0.0000 0.4203 -
          03/19/10 03/22/10 03/22/10 0.0000 0.0123 0.0000 0.0000 0.0000 0.0123 -
          12/23/09 12/24/09 12/24/09 0.0000 0.6213 0.0000 0.0000 0.0000 0.6213 -
          03/25/09 03/26/09 03/26/09 0.0000 0.0192 0.0000 0.0000 0.0000 0.0192 -
          12/19/08 12/22/08 12/22/08 0.0000 0.7000 0.0000 0.0000 1.1923 1.8923 -
          03/27/08 03/28/08 03/28/08 0.0000 0.0210 0.0000 0.0071 0.0281 0.0562 -
          12/19/07 12/20/07 12/20/07 0.0000 0.6150 0.0000 0.0539 1.2434 1.9123 -
          03/28/07 03/29/07 03/29/07 0.0000 0.0236 0.0000 0.0000 0.0000 0.0236 -
          12/20/06 12/21/06 12/21/06 0.0000 0.6140 0.0000 0.0100 1.7390 2.3630 -
          03/29/06 03/30/06 03/30/06 0.0000 0.0070 0.0000 0.0000 0.0440 0.0510 -
          12/27/05 12/28/05 12/28/05 0.0000 0.5370 0.0000 0.0000 0.0000 0.5370 -
          03/30/05 03/31/05 03/31/05 0.0000 0.0077 0.0000 0.0000 0.0000 0.0077 -
          12/22/04 12/23/04 12/23/04 0.0000 0.5115 0.0000 0.0000 0.0000 0.5115 -
          03/30/04 03/31/04 03/31/04 0.0000 0.0067 0.0000 0.0000 0.0000 0.0067 -
          12/18/03 12/19/03 12/19/03 0.0000 0.4059 0.0000 0.0000 0.0000 0.4059 -
          03/25/03 03/26/03 03/26/03 0.0052 0.0000 0.0000 0.0000 0.0000 0.0052 -
          12/16/02 12/17/02 12/17/02 0.2940 0.0000 0.0000 0.0000 0.0000 0.2940 -
          03/27/02 03/28/02 03/28/02 0.0015 0.0000 0.0000 0.0000 0.0000 0.0169 -
          12/18/01 12/19/01 12/19/01 0.2760 0.0000 0.0000 0.0000 0.0000 0.2760 -
          03/27/01 03/28/01 03/28/01 0.0290 0.0000 0.0000 0.0000 0.0000 0.0290 -
          12/19/00 12/20/00 12/20/00 0.2800 0.0000 0.4070 0.0000 0.0000 3.0830 -
          03/29/00 03/30/00 03/30/00 0.0060 0.0000 0.1010 0.0000 0.0000 0.4260 -
          12/22/99 12/23/99 12/23/99 0.2310 0.0000 0.0000 0.0000 0.0000 0.5340 -
          03/30/99 03/31/99 03/31/99 0.0000 0.0000 0.0000 0.0000 0.0000 0.0030 -
          12/23/98 12/24/98 12/24/98 0.2270 0.0000 0.0000 0.0000 0.0000 0.2940 -
          09/11/98 09/14/98 09/14/98 0.0000 0.0000 0.0000 0.0000 0.0000 0.0041 -
          12/26/97 12/29/97 12/29/97 0.2500 0.0000 0.0000 0.0000 0.0000 0.3108 -
          08/21/97 08/22/97 08/22/97 0.0100 0.0000 0.0000 0.0000 0.0000 0.0100 -
          12/27/96 12/30/96 12/30/96 0.2500 0.0000 0.0000 0.0000 0.0000 0.2500 -
          12/18/95 12/19/95 12/19/95 0.3300 0.0000 0.0000 0.0000 0.0000 0.3300 -
          08/29/95 08/30/95 08/30/95 0.0050 0.0000 0.0000 0.0000 0.0000 0.0300 -
          12/13/94 12/14/94 12/14/94 0.2750 0.0000 0.0000 0.0000 0.0000 0.2825 -
          08/31/94 09/01/94 09/01/94 0.0020 0.0000 0.0020 0.0000 0.0000 0.0040 -
          12/14/93 12/15/93 12/15/93 0.2400 0.0000 0.0450 0.0000 0.0000 0.3000 -
          06/22/93 06/23/93 06/24/93 0.0270 0.0000 0.0030 0.0000 0.0000 0.0300 -
          12/21/92 12/22/92 12/23/92 0.1000 0.0000 0.0050 0.0000 0.0000 0.1500 -
          09/10/92 09/11/92 09/14/92 0.0250 0.0000 0.0000 0.0000 0.0000 0.0500 -
          See all rows...

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          PRODUCT MATERIALS

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