BNY Mellon Select Managers Small Cap Value Fund

Overview

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
Class Inception Date
12/17/08
Fund Assets
$557,720,969  As of  08/23/19
Class Assets
$506,634  As of  08/23/19
Portfolio Turnover Rate
58.85%  As of fiscal year end  11/30/18
Morningstar Category
Small Blend
Benchmark
Russell 2000(r) Value Index
Fund Holdings
319  As of  07/31/19

Morningstar Rating™ as of July 31, 2019 for the Class C class shares; other classes may have different performance characteristics. Overall rating for the Small Blend category. Fund ratings are out of 5 Stars: Overall 2 Stars (633 funds rated); 3 Yrs. 2 Stars (633 funds rated); 5 Yrs. 2 Stars (518 funds rated); 10 Yrs. 2 Stars (371 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

Performance

Average Annual Returns

Click here to see SALES CHARGE  Max Sales Charge:  1.00% CDSC Load

Month End

As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Select Managers Small Cap Value Fund
DMECX
 -4.82 7.53 5.13 10.68 11.43 12/17/08
Russell 2000(r) Value Index
 -7.71 7.96 6.74 11.19 - -

Quarter End

As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Select Managers Small Cap Value Fund
DMECX
 -3.50 8.76 3.64 11.51 11.41 12/17/08
Russell 2000(r) Value Index
 -6.24 9.81 5.39 12.40 - -

Cumulative Returns

Click here to see SALES CHARGE  Max Sales Charge:  1.00% CDSC Load

Month End

As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Select Managers Small Cap Value Fund
DMECX
 -4.82 24.34 28.44 175.88 215.61 12/17/08
Russell 2000(r) Value Index
 -7.71 25.83 38.58 188.91 - -

Quarter End

As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Select Managers Small Cap Value Fund
DMECX
 -3.50 28.63 19.59 197.29 212.04 12/17/08
Russell 2000(r) Value Index
 -6.24 32.41 29.99 221.80 - -
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.

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

    Yearly

    Fund 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
    DMECX
    		 -15.77% 11.26% 20.91% -8.48% 2.25% 37.99% 16.80% -6.02% 26.69% 28.59%

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

    Fees & Expenses

    Monthly Expense Ratios (Annualized)

    As of  07/31/19 Fee Description Expense Ratio (%)
    Management Fee 0.90%
    12B-1 Fee 0.75%
    Service Fee 0.25%
    Other Expenses 0.21%
    Total Expenses 2.11%
    Expenses Reimbursed 0.06%
    Net Expenses 2.05%

    Redemption Charge

    As of  08/25/19  Redemption Year CDSC
    Year 1 1.00
    Class C shares are subject to a contingent deferred sales charge (CDSC) imposed on Class C shares redeemed within one year of purchase.

    Prospectus Fee Table Expense Ratios

    As of  03/29/19 Fee Description Expense Ratio (%)
    Management Fee 0.90%
    12B-1 Fee 0.75%
    Service Fee 0.25%
    Other Expenses 0.25%
    Total Expenses 2.15%
    Expenses Reimbursed 0.10%
    Net Expenses 2.05%
    The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until March 29, 2020, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of the 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 29, 2020, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation at any time.
    Portfolio

    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 perform their responsibilities for the fund in their capacity as employees of BNY Mellon Investment Adviser, Inc. Currently, management of the fund's assets is under six sub-advisers-Thompson, Siegel and Walmsley LLC, Neuberger Berman Investment Advisers LLC, Kayne Anderson Rudnick Investment Management LLC, Channing Capital Management LLC, Eastern Shore Capital Management and Walthausen & Co. LLC.

    Top Holdings

    As of  07/31/19   Holdings % Portfolio  Weight
    Terreno Realty 1.36
    Charles River Laboratories International 1.23
    RBC Bearings 1.15
    Scotts Miracle-Gro, Cl. A 1.15
    Primerica 1.14
    Meredith 1.02
    QTS Realty Trust 1.02
    Independent Bank 0.97
    South Jersey Industries 0.94
    CoreLogic 0.94

    Asset Allocation

        Stats & Risks

        Daily Statistics

        As of  08/23/19 Name NAV Change 09/14/18  12 Month 
        High Nav        		 01/03/19  12 Month 
        Low Nav        		 YTD Return
        DMECX
        		 $17.95
        -$0.57
        -3.08%
        		 $24.51 $16.26 8.85%

        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
        DMECX
        		 17.14 -7.39 1.24 76.13 0.42
        Distributions

        Dividend Schedule

        Declared
        Annually
        Distributed
        Annually
        Paid
        Annually
        Fiscal Year End
        Nov 30
        Year Dividend ($) Capital Gains ($)
        2018 0.0000 2.6920
        2017 0.0000 1.4849
        2016 0.0000 0.0202
        2015 0.0551 1.2792
        2014 0.0000 2.9193
        2013 0.0000 2.1364
        2012 0.0000 0.9914
        2011 0.0000 1.6202
        2010 0.0000 1.1648
        2009 0.0000 0.0312
        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
        DMECX
        		 0.0000 0.0000 0.0256 0.2822 2.3635 2.6713 16.49
        Record Date Ex-Dividend Date Payable Date
        DMECX
        		 12/28/18 12/31/18 12/31/18
        (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
        DMECX
        		 Final 0.0000 0.0000 0.0256 0.2822 2.3635 2.6713 16.49
        Record Date Ex-Dividend Date Payable Date
        DMECX
        		 12/28/18 12/31/18 12/31/18
        Literature