BNY Mellon Select Managers Small Cap Growth 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 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® Growth Index at the time of purchase.

Min. class investment
$1,000
Class Inception Date
07/01/10
Fund Assets
$532,914,130  As of  10/11/19
Class Assets
$1,591,841  As of  10/11/19
Portfolio Turnover Rate
101.14%  As of fiscal year end  05/31/19
Morningstar Category
Small Growth
Benchmark
Russell 2000(r) Growth Index
Fund Holdings
354  As of  09/30/19

Morningstar Rating™ as of September 30, 2019 for the Class A class shares; other classes may have different performance characteristics. Overall rating for the Small Growth category. Fund ratings are out of 5 Stars: Overall 2 Stars (584 funds rated); 3 Yrs. 3 Stars (584 funds rated); 5 Yrs. 2 Stars (519 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. ©2018 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

  • Kolano, Stephen

    Stephen Kolano

    Head of Multi-Asset Solutions, BNY Investment Strategy & Solutions Group

    1 yr(s). on fund

  • Goncharova, Elena

    Elena Goncharova

    1 yr(s). on fund


Click here to see SALES CHARGE  Max Sales Charge:  5.75% Front End Load
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Select Managers Small Cap Growth Fund
DSGAX
-10.26 11.41 8.55 - 12.62 07/01/10
Russell 2000(r) Growth Index
-9.63 9.79 9.08 12.25 - -
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Select Managers Small Cap Growth Fund
DSGAX
-10.26 11.41 8.55 - 12.62 07/01/10
Russell 2000(r) Growth Index
-9.63 9.79 9.08 12.25 - -
Click here to see SALES CHARGE  Max Sales Charge:  5.75% Front End Load
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Select Managers Small Cap Growth Fund
DSGAX
-10.26 38.30 50.72 - 200.16 07/01/10
Russell 2000(r) Growth Index
-9.63 32.36 54.40 217.53 - -
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Select Managers Small Cap Growth Fund
DSGAX
-10.26 38.30 50.72 - 200.16 07/01/10
Russell 2000(r) Growth Index
-9.63 32.36 54.40 217.53 - -
The Russell 2000® Growth Index measures the performance of the small-cap growth segment of the U.S. equity universe. It includes those Russell 2000 companies with higher growth earning potential as defined by Russell's leading style methodology. The Russell 2000® Growth Index is constructed to provide a comprehensive and unbiased barometer for the small-cap growth 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 growth characteristics.

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

    These figures do not reflect the maximum sales charge which, if included, would reduce return.

    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

    Fund 2018 2017 2016 2015 2014 2013 2012 2011
    DSGAX
    -5.42% 24.60% 5.57% -2.96% -1.23% 45.04% 13.60% 1.04%

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


    Prospectus Fee Table Expense Ratios

    As of  09/30/19 Fee Description Expense Ratio (%)
    Management Fee 0.90%
    Service Fee 0.25%
    Other Expenses 0.25%
    Total Expenses 1.40%
    Expenses Reimbursed 0.10%
    Net Expenses 1.30%
    The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until September 30, 2020, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of Class A, C, I and Y shares of the fund (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest, brokerage commissions, commitment fees on borrowings and extraordinary expenses) do not exceed 1.05%, 1.05%, 1.05% and .98%, respectively. On or after September 30, 2020, BNY Mellon Investment Adviser, Inc. may terminate these expense limitations at any time.

    Sales Charge

    Investment Amount Sales Charge
    Less than $50,000 5.75%
    Less than $100,000 4.50%
    Less than $250,000 3.50%
    Less than $500,000 2.50%
    Less than $1,000,000 2.00%
    Over $1,000,000 0.00%
    There is a 1% CDSC for purchases of $1,000,000 and over if redeemed within one year of purchase.

    Portfolio Manager/Sub-Investment Advisor

    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. Stephen Kolano and Elena Goncharova are jointly and primarily responsible for the evaluation, recommendation and monitoring of subadvisers for the fund. Mr. Kolano is the Director of Quantitative Research & Analysis for BNY Mellon Wealth Management and President of BNY Mellon Wealth Management's Investment Strategy and Solutions Group ("ISSG"), a registered investment adviser. Ms. Goncharova is a portfolio manager and investment strategist with ISSG. Mr. Kolano and Ms. Goncharova have been employed by The Bank of New York Mellon Corporation since 2002 and 2012, respectively. Mr. Kolano and Ms. Goncharova manage the fund in their capacity as employees of BNY Mellon Investment Adviser, Inc.

    Top Holdings

    As of  09/30/19   Holdings % Portfolio  Weight
    Pool 0.97
    Simply Good Foods 0.96
    Trex 0.92
    Bright Horizons Family Solutions 0.85
    Medidata Solutions 0.83
    Armstrong World Industries 0.82
    Kinsale Capital Group 0.80
    Monolithic Power Systems 0.79
    Masimo 0.77
    Terreno Realty 0.76

    Asset Allocation


        Daily Statistics

        As of  10/11/19 Name NAV Change 11/07/18  12 Month 
        High Nav
        12/24/18  12 Month 
        Low Nav
        YTD Return
        DSGAX
        $23.74
        $0.38
        1.63%
        $29.02 $19.23 15.41%

        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 single adviser.

        Risk Metrics

        As of  09/30/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DSGAX
        16.61 -2.92 1.15 71.28 0.64

        Dividend Schedule

        Declared
        Annually
        Distributed
        Annually
        Paid
        Annually
        Fiscal Year End
        May 31
        Year Dividend ($) Capital Gains ($)
        2018 0.0000 4.3033
        2017 0.0000 1.8111
        2015 0.0000 1.5206
        2014 0.0000 1.9618
        2013 0.0000 1.3186
        2010 0.0000 0.0480
        There is no guarantee that the fund will distribute any level annually. Capital gains may be short-term, long-term, or both.

        Distributions History

        (Values Listed In $) 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
        DSGAX
        0.0000 0.0000 1.1347 0.2120 2.9566 4.3033 20.52
        Record Date Ex-Dividend Date Payable Date
        DSGAX
        12/18/18 12/19/18 12/19/18
        (Values Listed In $) Distribution Status 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
        DSGAX
        Final 0.0000 0.0000 1.1347 0.2120 2.9566 4.3033 20.52
        Record Date Ex-Dividend Date Payable Date
        DSGAX
        12/18/18 12/19/18 12/19/18