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
Class Status
Not available for purchase by individual investors.
Fund Assets
$561,195,304  As of  08/22/19
Class Assets
$14,772,936  As of  08/22/19
Portfolio Turnover Rate
101.14%  As of fiscal year end  05/31/19
Morningstar Category
Small Growth
Benchmark
Russell 2000(r) Growth Index
Morningstar Overall Rating
Fund Holdings
363  As of  07/31/19

Morningstar Rating™ as of July 31, 2019 for the Class I class shares; other classes may have different performance characteristics. Overall rating for the Small Growth category. Fund ratings are out of 5 Stars: Overall 3 Stars (582 funds rated); 3 Yrs. 3 Stars (582 funds rated); 5 Yrs. 3 Stars (520 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


As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Select Managers Small Cap Growth Fund
DSGIX
3.15 14.98 10.52 - 14.00 07/01/10
Russell 2000(r) Growth Index
-1.22 12.66 10.21 13.67 - -
As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Select Managers Small Cap Growth Fund
DSGIX
2.16 16.32 8.54 - 13.89 07/01/10
Russell 2000(r) Growth Index
-0.49 14.69 8.63 14.41 - -
As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Select Managers Small Cap Growth Fund
DSGIX
3.15 52.02 64.92 - 228.67 07/01/10
Russell 2000(r) Growth Index
-1.22 42.98 62.58 260.05 - -
As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Select Managers Small Cap Growth Fund
DSGIX
2.16 57.37 50.67 - 222.40 07/01/10
Russell 2000(r) Growth Index
-0.49 50.86 51.25 284.21 - -
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.

Growth of $10,000 Investment

Historical Performance

    Not available for purchase by individual investors.

    Yearly Total Return

    Fund 2018 2017 2016 2015 2014 2013 2012 2011
    DSGIX
    -5.17% 24.97% 5.87% -2.62% -0.94% 45.44% 13.97% 1.28%

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


    Monthly Expense Ratios (Annualized)

    As of  07/31/19 Fee Description Expense Ratio (%)
    Management Fee 0.90%
    Other Expenses 0.10%
    Total Expenses 1.00%

    Prospectus Fee Table Expense Ratios

    As of  09/28/18 Fee Description Expense Ratio (%)
    Management Fee 0.90%
    Other Expenses 0.09%
    Total Expenses 0.99%
    The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until September 30, 2019, 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, 2019, BNY Mellon Investment Adviser, Inc. may terminate these expense limitations at any time

    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  07/31/19   Holdings % Portfolio  Weight
    Strategic Education 1.07
    Medidata Solutions 1.04
    Simply Goods Foods Co/The 0.94
    Novocure 0.89
    Wix.Com 0.89
    The Trade Desk, Cl. A 0.86
    Monolithic Power Systems 0.86
    Pool 0.84
    Premier, Cl. A 0.82
    Bright Horizons Family Solutions 0.81

    Asset Allocation


        Daily Statistics

        As of  08/22/19 Name NAV Change 09/04/18  12 Month 
        High Nav
        12/24/18  12 Month 
        Low Nav
        YTD Return
        DSGIX
        $25.68
        -$0.02
        -0.08%
        $33.41 $19.93 20.45%

        Performance Metrics

        Overall Morningstar Rating


        MORNINGSTAR CATEGORY Small Growth


        Morningstar Rating™ as of 07/31/19 for the Class I shares; other classes may have different performance characteristics. Overall rating for the Small Growth. Fund ratings are out of 5 Stars: Overall 3 Stars (1501 funds rated); 3 Yrs. 3 Stars (582 funds rated); 5 Yrs. 3 Stars (520 funds rated); 10 Yrs. Stars (399 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
          363 out of 605
        • 3 Year
          276 out of 525
        • 5 Year
          290 out of 468
        • 10 Year
          out of

        LIPPER CLASSIFICATION Small-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.

        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  07/31/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DSGIX
        16.25 0.22 1.15 73.66 0.85

        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
        DSGIX
        0.0000 0.0000 1.1347 0.2120 2.9566 4.3033 21.27
        Record Date Ex-Dividend Date Payable Date
        DSGIX
        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
        DSGIX
        Final 0.0000 0.0000 1.1347 0.2120 2.9566 4.3033 21.27
        Record Date Ex-Dividend Date Payable Date
        DSGIX
        12/18/18 12/19/18 12/19/18