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Financial Professionals

    BNY Mellon Balanced Opportunity Fund

    Why invest in this Fund?

    The fund seeks high total return through a combination of capital appreciation and current income. To pursue this goal, the fund invests in a diversified mix of stocks and fixed-income securities. The fund selects securities that, in the portfolio managers' judgment, will result in the highest total return consistent with preservation of principal. The fund normally will allocate between 25% and 50% of its assets to fixed-income securities.

    Min. class investment
    $1,000
    Class Inception Date
    01/30/04
    Fund Assets
    $279,261,487  As of  02/03/23
    Class Assets
    $216,823,275  As of  02/03/23
    Portfolio Turnover Rate
    68.43% As of fiscal year end  11/30/22
    Morningstar Category
    Allocation--50% to 70% Equity
    Benchmark
    Customized Blended Index (Balanced Opportunity)
    Morningstar Overall Rating
    Fund Holdings
    563 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 Allocation--50% to 70% Equity category. Fund ratings are out of 5 Stars: Overall 3 Stars (697 funds rated); 3 Yrs. 2 Stars (697 funds rated); 5 Yrs. 3 Stars (657 funds rated); 10 Yrs. 3 Stars (490 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

      1 yr(s). on fund

    • Karen Behr

      Karen Behr

      Portfolio Manager,

      1 yr(s). on fund

    • David R. Bowser

      David R. Bowser, CFA

      Senior Portfolio Manager, Insight North America, LLC

      14 yr(s). on fund

    • James  Stavena

      James Stavena, CFA

      Portfolio Manager, Newton Investment Management North America, LLC

      Since June 2022

    • Brian C. Ferguson

      Brian C. Ferguson

      Portfolio Manager, Newton Investment Management North America, LLC

      15 yr(s). on fund

    • Keith Howell

      Keith Howell

      Portfolio Manager,

      1 yr(s). on fund

    • Matthew T.  Jenkin

      Matthew T. Jenkin

      Research Analyst, Newton Investment Management North America, LLC

      2 yr(s). on fund

    • James A. Lydotes

      James A. Lydotes, CFA

      Deputy CIO, Newton Investment Management North America, LLC

      6 yr(s). on fund

    • Torrey Zaches

      Torrey Zaches, CFA

      Portfolio Manager, Newton Investment Management North America, LLC

      4 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 Balanced Opportunity Fund
    DBOAX
    1.51 -0.24 -11.70 2.17 3.33 6.37 7.66
    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 Balanced Opportunity Fund
    DBOAX
    0.85 -20.77 -20.77 0.07 2.87 6.21 7.51
    Customized Blended Index (Balanced Opportunity)
    5.39 -15.79 -15.79 3.83 5.96 8.08 -

    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. The Bloomberg Barclays U.S. Aggregate Bond Index is a broad-based flagship benchmark that measures the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM pass-throughs), ABS and CMBS (agency and nonagency). 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 J for periods prior to January 30, 2004, 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.


    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.


      Prospectus Fee Table Expense Ratios

      As of  03/31/22 Fee Description Expense Ratio (%)
      Management Fee 0.80%
      Service Fee 0.25%
      Other Expenses 0.17%
      Total Expenses 1.22%
      Expenses Reimbursed 0.07%
      Net Expenses 1.15%
      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 March 31, 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 .90%. On or after March 31, 2023, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.

      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

      Investment Management North America, LLC (NIMNA), to serve as the fund's sub-adviser responsible for overall asset allocation for the fund and for the fund's assets allocated to equity investments, and its affiliate, Insight North America LLC (INA), to serve as the fund's sub-adviser responsible for the fund's assets allocated to fixedincome investments. Torrey Zaches, CFA and James Stavena are the fund's primary portfolio managers responsible for overall asset allocation for the fund, positions they have held since November 2018 and June 2022, respectively. Messrs. Zaches and Stavena are employed by NIMNA. Mr. Zaches is a portfolio manager at NIMNA. Mr. Stavena is Head of Portfolio Management, Multi-Asset Solutions at NIMNA. Messrs. Zaches and Stavena allocate the fund's assets among equity portfolio managers employed by NIMNA and fixed-income portfolio managers employed by INA. The fund's primary portfolio managers responsible for the portion of the fund's assets allocated to equity investments (and when they first held such position) are: Brian C. Ferguson (March 2007), John C. Bailer, CFA (December 2015), James A. Lydotes, CFA (September 2016), Matthew T. Jenkin (July 2020), Karen Behr (September 2021), Keith Howell (September 2021) and John R. Porter III (October 2021). David Bowser, CFA is the fund's primary portfolio manager responsible for the portion of the fund's assets allocated to fixed-income investments, a position he has held since March 2008.

      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
          10/14/22  12 Month 
          Low Nav
          YTD Return
          DBOAX
          $21.31
          -$0.23
          -1.07%
          $24.11 $19.46 6.76%

          Performance Metrics

          Overall Morningstar Rating


          MORNINGSTAR CATEGORY Allocation--50% to 70% Equity


          Morningstar Rating™ as of 12/31/22 for the Class A shares; other classes may have different performance characteristics. Overall rating for the Allocation--50% to 70% Equity. Fund ratings are out of 5 Stars: Overall 3 Stars (697 funds rated); 3 Yrs. 2 Stars (697 funds rated); 5 Yrs. 3 Stars (657 funds rated); 10 Yrs. 3 Stars (490 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
            231 out of 468
          • 3 Year
            339 out of 434
          • 5 Year
            266 out of 417
          • 10 Year
            205 out of 338

          LIPPER CLASSIFICATION Mixed-Asset Target Alloc 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.
          Bonds are subject to interest rate, credit, liquidity, call and market risks, to varying degrees. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines.
          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
          DBOAX
          15.80 0.18 1.12 94.96 0.15

          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 Morningstar Moderate Target Risk Index.


          Dividend Schedule

          Declared
          Annually
          Distributed
          Annually
          Paid
          Annually
          Fiscal Year End
          Nov 30
          Year Dividend ($) Capital Gains ($)
          2022 0.1668 0.9749
          2021 0.0551 3.0304
          2020 0.1613 0.8030
          2019 0.3016 0.4717
          2018 0.2561 1.6300
          2017 0.2040 0.9310
          2016 0.2330 0.0000
          2015 0.1880 0.9769
          2014 0.1830 1.7169
          2013 0.1850 0.2787

          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
          12/13/22 12/14/22 12/14/22 0.0000 0.1554 0.0000 0.0000 0.7576 0.9130 20.57
          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
          03/28/22 03/29/22 03/29/22 0.0114 0.0000 - 0.0000 0.2173 0.2287 -
          12/14/21 12/15/21 12/15/21 0.0398 0.0153 0.4451 0.1712 2.2887 2.9601 -
          03/26/21 03/29/21 03/29/21 - 0.0000 0.0313 0.0000 0.0941 0.1254 -
          12/15/20 12/16/20 12/16/20 0.0675 0.0938 0.0835 0.1160 0.4988 0.8596 -
          03/24/20 03/25/20 03/25/20 0.0000 0.0000 0.0110 0.0042 0.0895 0.1047 -
          12/30/19 12/31/19 12/31/19 0.0000 0.3016 0.0000 0.0199 0.3912 0.7127 -
          03/19/19 03/20/19 03/20/19 0.0000 0.0000 0.0013 0.0000 0.0593 0.0606 -
          12/28/18 12/31/18 12/31/18 0.1055 0.1506 0.0991 0.1414 1.3895 1.8861 -
          12/28/17 12/29/17 12/29/17 0.0591 0.1449 0.0475 0.1165 0.7670 1.1350 -
          12/29/16 12/30/16 12/30/16 0.0000 0.2330 0.0000 0.0000 0.0000 0.2330 -
          12/30/15 12/31/15 12/31/15 0.0000 0.1880 0.0000 0.0000 0.9769 1.1649 -
          12/30/14 12/31/14 12/31/14 0.0548 0.1282 0.0554 0.1295 1.5320 1.8999 -
          12/30/13 12/31/13 12/31/13 0.0000 0.1850 0.0000 0.0000 0.2787 0.4637 -
          12/28/12 12/31/12 12/31/12 0.0000 0.2340 0.0000 0.0000 0.0000 0.2340 -
          12/29/11 12/30/11 12/30/11 0.0008 0.2332 0.0000 0.0000 0.0000 0.2340 -
          12/30/10 12/31/10 12/31/10 0.0035 0.2335 0.0000 0.0000 0.0000 0.2370 -
          12/30/09 12/31/09 12/31/09 0.0341 0.2209 0.0000 0.0000 0.0000 0.2550 -
          12/30/08 12/31/08 12/31/08 0.0940 0.2880 0.0000 0.0000 0.0000 0.3820 -
          12/28/07 12/31/07 12/31/07 0.1968 0.1972 0.1009 0.1011 2.9350 3.5310 -
          12/28/06 12/29/06 12/29/06 0.0005 0.3225 0.0000 0.0000 0.0000 0.3230 -
          06/28/06 06/29/06 06/29/06 0.0000 0.0000 0.0000 0.0000 0.0036 0.0036 -
          12/29/05 12/30/05 12/30/05 0.0007 0.2923 0.0000 0.0000 0.1520 0.4450 -
          12/29/04 12/30/04 12/30/04 0.0134 0.1748 0.0000 0.0000 0.1167 0.3049 -
          See all rows...

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