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BNY Mellon Technology Growth Fund
- TICKER DTGCX
- Fund Code 0261
- CUSIP 05587N570
- SHARE CLASS
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 the manager 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
Fund Assets
$423,294,686
As of
10/26/20
Class Assets
$7,018,464
As of
10/26/20
Portfolio Turnover Rate
69.92%
As of fiscal year end
08/31/19
Morningstar Category
Technology
Morningstar Overall Rating
Fund Holdings
37 As of
09/30/20
Morningstar Rating™ as of September 30, 2020 for the Class C 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 (195 funds rated); 3 Yrs. 3 Stars (195 funds rated); 5 Yrs. 3 Stars (176 funds rated); 10 Yrs. 2 Stars (156 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
-
Erik Swords
Portfolio Manager, Mellon Investments Corporation
12 yr(s). on fund
-
Matthew Griffin
Portfolio Manager, Mellon Investments Corporation
0 yr(s). on fund
-
Justin Sumner
Portfolio Manager, Mellon Investments Corporation
0 yr(s). on fund
Average Annual Returns
Click here to see SALES CHARGE
Max Sales Charge:
1.00% CDSC Load
Month End
| As of 09/30/20 Name | 1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception | Inception Date |
|---|---|---|---|---|---|---|
|
BNY Mellon Technology Growth Fund
DTGCX | 62.99 | 24.49 | 23.02 | 16.17 | 10.32 | 04/15/99 |
Quarter End
| As of 09/30/20 Name | 1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception | Inception Date |
|---|---|---|---|---|---|---|
|
BNY Mellon Technology Growth Fund
DTGCX | 62.99 | 24.49 | 23.02 | 16.17 | 10.32 | 04/15/99 |
Cumulative Returns
Click here to see SALES CHARGE
Max Sales Charge:
1.00% CDSC Load
Month End
| As of 09/30/20 Name | 1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception | Inception Date |
|---|---|---|---|---|---|---|
|
BNY Mellon Technology Growth Fund DTGCX |
62.99 | 92.93 | 181.78 | 347.59 | 855.22 | 04/15/99 |
Quarter End
| As of 09/30/20 Name | 1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception | Inception Date |
|---|---|---|---|---|---|---|
|
BNY Mellon Technology Growth Fund
DTGCX | 62.99 | 92.93 | 181.78 | 347.59 | 855.22 | 04/15/99 |
The total return performance figures presented for Class C 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 C shares, and the performance of Class C, 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
These figures do not reflect the maximum sales charge which, if included, would reduce return.
Yearly Total Return
Yearly
| Fund | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|
|
DTGCX
|
24.63% | -2.23% | 41.42% | 4.02% | 4.79% | 5.84% | 31.50% | 14.52% | -8.82% | 28.30% |
Investment return fluctuates and past performance is no guarantee of future results.
Redemption Charge
| As of 10/27/20 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 12/31/19 Fee Description | Expense Ratio (%) |
|---|---|
| Management Fee | 0.75% |
| 12B-1 Fee | 0.75% |
| Service Fee | 0.25% |
| Other Expenses | 0.17% |
| Total Expenses | 1.92% |
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.
Portfolio Manager/Sub-Investment Advisor
The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). The fund is managed by a team of portfolio managers employed by BNYM Investment Adviser and Mellon Investments Corporation (Mellon), an affiliate of BNYM Investment Adviser. Erik Swords, Matthew Griffin and Justin Sumner are the team members primarily responsible for managing the fund's portfolio. Mr. Swords is a director and senior research analyst and portfolio manager with Mellon, and has been a primary portfolio manager of the fund since December 2008. Mr. Griffin is the head of global equity research and lead portfolio manager for the "Internet of Things" strategy at Mellon, and has been a primary portfolio manager of the fund since April 2020. Mr. Sumner is a senior research analyst on the Global Research team at Mellon, and has been a primary portfolio manager of the fund since July 2020.
Top Holdings
| As of 09/30/20 Holdings | % Portfolio Weight |
|---|---|
| NVIDIA Corporate | 5.94 |
| Apple Inc | 5.45 |
| JD.com Inc | 5.40 |
| Tesla Inc | 5.09 |
| Advanced Micro Devices Inc | 5.00 |
| Salesforce.com Inc | 4.69 |
| QUALCOMM Inc | 4.68 |
| Taiwan Semiconductor Manufacturing Co Ltd | 4.58 |
| Facebook Inc | 4.57 |
| Shopify Inc | 4.41 |
Asset Allocation
Daily Statistics
| As of 10/26/20 Name | NAV | Change | 09/02/20
12 Month High Nav |
03/16/20
12 Month Low Nav |
YTD Return |
|---|---|---|---|---|---|
|
DTGCX
|
$39.12 |
-$0.69
-1.73%
|
$40.66 | $20.05 | 53.35% |
Performance Metrics
Overall Morningstar Rating
MORNINGSTAR CATEGORY Technology
Morningstar Rating™ as of 09/30/20 for the Class C shares; other classes may have different performance characteristics. Overall rating for the Technology.
Fund ratings are out of 5 Stars: Overall 3 Stars (527 funds rated); 3 Yrs. 3 Stars (195
funds rated); 5 Yrs. 3 Stars (176 funds rated); 10 Yrs. 2 Stars (156 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
14 out of 174 - 3 Year
52 out of 157 - 5 Year
76 out of 141 - 10 Year
83 out of 121
LIPPER CLASSIFICATION Science & Technology Funds
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 ofchange and obsolescence of technological advances, and has been among the most volatile sectors of the stock market.
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.
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 ofchange and obsolescence of technological advances, and has been among the most volatile sectors of the stock market.
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 09/30/20, 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
|---|---|---|---|---|---|
|
DTGCX
|
23.57 | 15.06 | 1.21 | 75.06 | 0.98 |
Dividend Schedule
Declared
Annually
Distributed
Annually
Paid
Annually
Fiscal Year End
Aug 31
| Year | Dividend ($) | Capital Gains ($) |
|---|---|---|
| 2019 | 0.0000 | 6.8131 |
| 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 |
|---|---|---|---|---|---|---|---|
|
DTGCX
|
0.0000 | 0.0000 | 0.0000 | 0.0000 | 6.8131 | 6.8131 | 24.29 |
| Record Date | Ex-Dividend Date | Payable Date | |
|---|---|---|---|
|
DTGCX
|
12/09/19 | 12/10/19 | 12/10/19 |
| (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 |
|---|---|---|---|---|---|---|---|---|
|
DTGCX
| Final | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 6.8131 | 6.8131 | 24.29 |
| Record Date | Ex-Dividend Date | Payable Date | |
|---|---|---|---|
|
DTGCX
|
12/09/19 | 12/10/19 | 12/10/19 |
