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Financial Professionals

    BNY Mellon Select Managers Small Cap Value Fund

    Why invest in this Fund?

    The fund seeks capital appreciation. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in the stocks of small cap companies. The fund currently considers small cap companies to be those companies with market capitalizations that fall within the range of companies in the Russell 2000 Value Index at the time of purchase.
    Min. class investment
    $1,000,000
    Class Inception Date
    07/01/13
    Class Status
    Not available for purchase by individual investors.
    Fund Assets
    $327,766,345  As of  02/03/23
    Class Assets
    $309,509,725  As of  02/03/23
    Portfolio Turnover Rate
    70.59% As of fiscal year end  11/30/22
    Morningstar Category
    Small Blend
    Benchmark
    Russell 2000® Value Index
    Morningstar Overall Rating
    Fund Holdings
    351 As of 12/31/22

    Morningstar Rating™ as of December 31, 2022 for the Class Y class shares; other classes may have different performance characteristics. Overall rating for the Small Blend category. Fund ratings are out of 5 Stars: Overall 3 Stars (585 funds rated); 3 Yrs. 4 Stars (585 funds rated); 5 Yrs. 3 Stars (543 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

    • Elena  Goncharova

      Elena Goncharova, CFA

      Lead Portfolio Manager,

      4 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 Select Managers Small Cap Value Fund
    DMVYX
    7.53 9.30 -2.65 11.02 6.69 9.40 11.92
    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 Select Managers Small Cap Value Fund
    DMVYX
    9.99 -16.36 -16.36 6.62 5.23 9.08 11.28
    Russell 2000® Value Index
    8.42 -14.48 -14.48 4.70 4.13 8.48 -

    The Russell 2000® Value Index measures the performance of the small-cap value segment of the U.S. equity universe. It includes those Russell 2000 companies that are considered more value-oriented relative to the overall market as defined by Russell’s leading style methodology. The Russell 2000® Value Index is constructed to provide a comprehensive and unbiased barometer for the small-cap value segment. The index is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true small-cap opportunity set and that the represented companies continue to reflect value characteristics. Investors cannot invest directly in any index.

    The total return performance figures presented for Class Y shares of the fund represent the performance of the fund's Class A for periods prior to July 01, 2013, the inception date for Class Y shares, and the performance of Class Y, 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


    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.

      Not available for purchase by individual investors.

      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 0.90%
      Other Expenses 0.06%
      Total Expenses 0.96%
      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 1.05%. On or after March 31, 2023, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.

      Portfolio Manager/Sub-Investment Adviser

      BNY Mellon Investment Adviser, Inc., the fund's investment adviser, assumes the portfolio allocation management responsibilities for evaluating and recommending subadvisers for the fund and determining the portion of the fund's assets to be managed by each subadviser. BNY Mellon Investment Adviser, Inc. also is responsible for monitoring and evaluating the performance of the subadvisers for the fund and recommending to the fund's board whether a subadviser should be terminated. Elena Goncharova is primarily responsible for the evaluation, recommendation and monitoring of subadvisers for the fund. Ms. Goncharova is a portfolio manager with BNY Mellon Investor Solutions, LLC. Ms. Goncharova has been employed by The Bank of New York Mellon Corporation since 2012. Ms. Goncharova performs her responsibilities for the fund in her capacity as employee of BNY Mellon Investment Adviser, Inc. The fund's sub-advisers are Channing Capital Management, LLC, Denali Advisors, LLC, Eastern Shore Capital Management, Neuberger Berman Investment Advisers LLC, and Heartland Advisors, Inc.

      Top Holdings

      As of 12/31/22

      Asset Allocation


          Daily Statistics

          As of 02/03/23 Name NAV Change 03/22/22  12 Month 
          High Nav
          09/30/22  12 Month 
          Low Nav
          YTD Return
          DMVYX
          $22.96
          -$0.13
          -0.56%
          $25.96 $20.08 11.78%

          Performance Metrics

          Overall Morningstar Rating


          MORNINGSTAR CATEGORY Small Blend


          Morningstar Rating™ as of 12/31/22 for the Class Y shares; other classes may have different performance characteristics. Overall rating for the Small Blend. Fund ratings are out of 5 Stars: Overall 3 Stars (585 funds rated); 3 Yrs. 4 Stars (585 funds rated); 5 Yrs. 3 Stars (543 funds rated); 10 Yrs. Stars (363 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
            599 out of 909
          • 3 Year
            275 out of 865
          • 5 Year
            310 out of 804
          • 10 Year
            out of

          LIPPER CLASSIFICATION Small-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.
          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.
          Multi-manager risk means each sub adviser makes investment decisions independently, and it is possible that the investment styles of the sub advisers may not complement one another. Consequently, the fund's exposure to a given stock, industry or investment style could be greater or smaller than if the fund had a singleadviser.
          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
          DMVYX
          25.26 -0.61 1.07 80.20 0.35

          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
          Nov 30
          Year Dividend ($) Capital Gains ($)
          2022 0.1410 1.9086
          2021 0.0403 4.2457
          2020 0.1468 1.1186
          2019 0.0808 0.3889
          2018 0.0997 2.6920
          2017 0.0591 1.4849
          2016 0.1390 0.0202
          2015 0.2513 1.2792
          2014 0.0000 2.9193
          2013 0.1460 2.1274

          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 0.1380 0.0000 0.0000 1.4101 1.5481 20.56
          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 0.0030 0.0000 0.0307 0.0000 0.4678 0.5015 -
          12/21/21 12/22/21 12/22/21 0.0337 0.0066 1.2775 0.2522 2.4587 4.0287 -
          03/26/21 03/29/21 03/29/21 - 0.0000 - 0.0000 0.2573 0.2573 -
          12/29/20 12/30/20 12/30/20 0.0000 0.1072 0.0000 0.0000 1.0741 1.1813 -
          03/23/20 03/24/20 03/24/20 0.0000 0.0396 0.0000 0.0000 0.0445 0.0841 -
          12/30/19 12/31/19 12/31/19 0.0000 0.0783 0.0000 0.0000 0.3889 0.4672 -
          03/18/19 03/19/19 03/19/19 0.0025 0.0000 0.0000 0.0000 0.0000 0.0025 -
          12/28/18 12/31/18 12/31/18 0.0083 0.0914 0.0256 0.2822 2.3635 2.7710 -
          03/19/18 03/20/18 03/20/18 0.0000 0.0000 0.0015 0.0000 0.0192 0.0207 -
          12/28/17 12/29/17 12/29/17 0.0061 0.0530 0.0304 0.2659 1.1886 1.5440 -
          12/29/16 12/30/16 12/30/16 0.0000 0.1390 0.0000 0.0000 0.0000 0.1390 -
          03/22/16 03/23/16 03/23/16 0.0000 0.0000 0.0000 0.0037 0.0165 0.0202 -
          12/30/15 12/31/15 12/31/15 0.0000 0.1876 0.0000 0.1390 1.1368 1.4634 -
          03/24/15 03/25/15 03/25/15 0.0637 0.0000 0.0000 0.0000 0.0034 0.0671 -
          12/30/14 12/31/14 12/31/14 0.0000 0.0000 0.7319 0.2405 1.9415 2.9139 -
          03/18/14 03/19/14 03/19/14 0.0000 0.0000 0.0005 0.0000 0.0049 0.0054 -
          12/30/13 12/31/13 12/31/13 0.1148 0.0312 0.7988 0.2170 1.1116 2.2734 -
          See all rows...

          Literature

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