BNY Mellon Technology Growth Fund

Why invest in this Fund?

The fund seeks capital appreciation. To pursue this goal, the fund normally invests at least 80% of its assets in the stocks of growth companies of any size that Dreyfus believes to be leading producers or beneficiaries of technological innovation. Up to 25% of the fund's assets may be invested in foreign securities. In choosing stocks, the fund looks for technology companies with the potential for strong earnings or revenue growth rates.

Min. class investment
$1,000
Class Inception Date
04/15/99
Class Status
Not available for purchase by individual investors.
Fund Assets
$299,921,094  As of  08/22/19
Class Assets
$24,875,484  As of  08/22/19
Portfolio Turnover Rate
49.14%  As of fiscal year end  08/31/18
Morningstar Category
Technology
Morningstar Overall Rating
Fund Holdings
36  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 Technology category. Fund ratings are out of 5 Stars: Overall 3 Stars (190 funds rated); 3 Yrs. 3 Stars (190 funds rated); 5 Yrs. 2 Stars (176 funds rated); 10 Yrs. 3 Stars (151 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

  • Mills, Barry K.

    Barry K. Mills

    Portfolio Manager, Mellon Investments Corporation

    12 yr(s). on fund

  • Swords, Erik

    Erik Swords

    Portfolio Manager, Mellon Investments Corporation

    11 yr(s). on fund


As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Technology Growth Fund
DGVRX
7.16 19.99 15.21 16.43 10.06 04/15/99
As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Technology Growth Fund
DGVRX
4.61 21.85 14.33 16.96 9.99 04/15/99
As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Technology Growth Fund
DGVRX
7.16 72.77 103.01 357.91 708.11 04/15/99
As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Technology Growth Fund
DGVRX
4.61 80.90 95.33 378.96 689.91 04/15/99

The total return performance figures presented for Class I shares of the fund represent the performance of the fund's Class A for periods prior to April 15, 1999, the inception date for Class I shares, and the performance of Class I, 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

    Not available for purchase by individual investors.

    Yearly Total Return

    Fund 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
    DGVRX
    -1.31% 42.93% 5.15% 5.91% 6.96% 32.95% 15.90% -7.73% 29.95% 56.02%

    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 0.75%
    Other Expenses 0.22%
    Total Expenses 0.97%

    Prospectus Fee Table Expense Ratios

    As of  12/31/18 Fee Description Expense Ratio (%)
    Management Fee 0.75%
    Other Expenses 0.24%
    Total Expenses 0.99%

    Portfolio Manager/Sub-Investment Advisor

    The fund's investment adviser is BNY Mellon Investment Adviser, Inc. The fund is managed by a team of portfolio managers employed by Mellon Investments Corporation (Mellon), an affiliate of BNY Mellon Investment Adviser, Inc. The team consists of Barry Mills and Erik Swords. Mr. Mills, a director and senior research analyst with Mellon, has been a primary portfolio manager of the fund since September 2007. Mr. Swords, a director and senior research analyst and portfolio manager with Mellon, has been a primary portfolio manager of the fund since December 2008. Mellon investment professionals manage the fund in their capacity as employees of BNY Mellon Investment Adviser, Inc.

    Top Holdings

    As of  07/31/19   Holdings % Portfolio  Weight
    Square 5.27
    Amazon.com 5.05
    Adobe Systems 5.01
    Salesforce.com 4.67
    ServiceNow 4.39
    PayPal Holdings 4.23
    QUALCOMM 4.14
    Visa 4.02
    International Business Machines 3.93
    Microsoft 3.91

    Asset Allocation


        Daily Statistics

        As of  08/22/19 Name NAV Change 10/01/18  12 Month 
        High Nav
        12/24/18  12 Month 
        Low Nav
        YTD Return
        DGVRX
        $50.21
        -$0.30
        -0.59%
        $65.68 $39.59 17.95%

        Performance Metrics

        Overall Morningstar Rating


        MORNINGSTAR CATEGORY Technology


        Morningstar Rating™ as of 07/31/19 for the Class I shares; other classes may have different performance characteristics. Overall rating for the Technology. Fund ratings are out of 5 Stars: Overall 3 Stars (517 funds rated); 3 Yrs. 3 Stars (190 funds rated); 5 Yrs. 2 Stars (176 funds rated); 10 Yrs. 3 Stars (151 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
          143 out of 178
        • 3 Year
          102 out of 153
        • 5 Year
          90 out of 137
        • 10 Year
          58 out of 117

        LIPPER CLASSIFICATION Science & Technology 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.

        The technology sector involves special risks, such as the faster rate of change and obsolescence of technological advances, and has been among the most volatile sectors of the stock market.

        Risk Metrics

        As of  07/31/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DGVRX
        17.09 6.81 1.30 72.02 1.07

        Dividend Schedule

        Declared
        Annually
        Distributed
        Annually
        Paid
        Annually
        Fiscal Year End
        Aug 31
        Year Dividend ($) Capital Gains ($)
        2018 0.0000 11.2834
        2017 0.0000 4.8540
        2016 0.0000 3.8502
        2015 0.0000 2.5838
        2014 0.0000 7.7359
        2013 0.0000 0.8369
        1999 0.0000 0.2510
        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
        DGVRX
        0.0000 0.0000 0.2943 0.4709 10.5182 11.2834 44.31
        Record Date Ex-Dividend Date Payable Date
        DGVRX
        12/10/18 12/11/18 12/11/18
        (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
        DGVRX
        Final 0.0000 0.0000 0.2943 0.4709 10.5182 11.2834 44.31
        Record Date Ex-Dividend Date Payable Date
        DGVRX
        12/10/18 12/11/18 12/11/18