BNY Mellon Opportunistic Small Cap Fund

Why invest in this Fund?

The fund seeks capital appreciation.

To pursue this goal, the fund normally invests at least 80% of its net assets in the stocks of small-cap companies with market capitalizations within the range of companies in the Russell 2000 Index at the time of purchase. The fund's stock investments may include common stocks, preferred stocks and convertible securities of both U.S. and foreign issuers. Stocks are selected for the fund's portfolio based primarily on bottom-up fundamental analysis.

Min. class investment
$1,000
Class Inception Date
12/29/93
Fund Assets
$526,720,525  As of  08/22/19
Class Assets
$287,178,708  As of  08/22/19
Portfolio Turnover Rate
74.02%  As of fiscal year end  08/31/18
Morningstar Category
Small Blend
Benchmark
Russell 2000(r) Index
Fund Holdings
80  As of  07/31/19

Morningstar Rating™ as of July 31, 2019 for the Investor Shares 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. 3 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

  • Duncan, Brian R.

    Brian R. Duncan

    Senior Research Analyst, Mellon Investments Corporation

    2 yr(s). on fund

  • Boyd, James

    James Boyd

    Portfolio Manager, Mellon Investments Corporation

    11 yr(s). on fund

  • Dutile, Dale

    Dale Dutile

    Portfolio Manager, Mellon Investments Corporation

    11 yr(s). on fund

  • Kent, Patrick

    Patrick Kent

    Portfolio Manager, Mellon

    0 yr(s). on fund


As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Opportunistic Small Cap Fund
DSCVX
-13.54 8.70 6.15 11.86 11.11 12/29/93
Russell 2000(r) Index
-4.42 10.36 8.53 12.47 - -
As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Opportunistic Small Cap Fund
DSCVX
-14.10 10.62 4.61 12.95 11.12 12/29/93
Russell 2000(r) Index
-3.31 12.30 7.06 13.45 - -
As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Opportunistic Small Cap Fund
DSCVX
-13.54 28.43 34.77 206.65 1,380.69 12/29/93
Russell 2000(r) Index
-4.42 34.43 50.60 223.96 - -
As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Opportunistic Small Cap Fund
DSCVX
-14.10 35.37 25.28 237.84 1,370.46 12/29/93
Russell 2000(r) Index
-3.31 41.64 40.67 253.13 - -
The Russell 2000® Index measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000 Index is a subset of the Russell 3000® Index representing approximately 10% of the total market capitalization of that index. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership. The Russell 2000 is constructed to provide a comprehensive and unbiased small-cap barometer and is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true small-cap opportunity set.

Growth of $10,000 Investment

Historical Performance

    Yearly Total Return

    Fund 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
    DSCVX
    -19.50% 24.18% 16.48% -2.71% 1.02% 47.79% 20.73% -14.35% 32.35% 64.33%

    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%
    Service Fee 0.25%
    Other Expenses 0.15%
    Total Expenses 1.15%

    Prospectus Fee Table Expense Ratios

    As of  12/31/18 Fee Description Expense Ratio (%)
    Management Fee 0.75%
    Service Fee 0.25%
    Other Expenses 0.09%
    Total Expenses 1.09%

    Portfolio Manager/Sub-Investment Advisor

    The investment adviser for the fund is BNY Mellon Fund Advisers, a division of BNY Mellon Investment Adviser, Inc. The fund is managed by a team of portfolio managers employed by BNY Mellon Investment Adviser, Inc. and Mellon Investments Corporation (Mellon), an affiliate of BNY Mellon Investment Adviser, Inc. The team consists of Patrick Kent, CFA, CMT, the lead portfolio manager, James Boyd, Brian Duncan and Dale Dutile. Mr. Kent, the lead portfolio manager for the opportunistic value strategies and head of the opportunistic value investment team at Mellon, has been the fund's primary or lead portfolio manager since March 2019. Prior to joining Mellon, Mr. Kent was a portfolio manager at Wellington Management, which he joined in 2011. Messrs. Boyd and Dutile are each managing directors, equity research analysts and portfolio managers at Mellon. Messrs. Boyd and Dutile have been portfolio managers of the fund since December 2008. Mr. Duncan is a director at Mellon and has been a portfolio manager of the fund since November 2017. 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
    SkyWest 2.99
    Cabot 2.77
    Ciena 2.76
    First BanCorp 2.76
    Werner Enterprises 2.72
    Alamos Gold 2.59
    Dave & Buster's Entertainment 2.48
    Delek US Holdings 2.46
    Cardtronics 2.40
    Knight-Swift Transportation Holdings 2.11

    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
        DSCVX
        $25.14
        -$0.07
        -0.28%
        $39.95 $21.83 9.07%

        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.

        A significant overweight or underweight of companies, industries, or market sectors could cause performance to be more or less sensitive to developments affecting those sectors.

        Risk Metrics

        As of  07/31/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DSCVX
        18.79 -6.82 1.31 70.66 0.46

        Dividend Schedule

        Declared
        Annually
        Distributed
        Annually
        Paid
        Annually
        Fiscal Year End
        Aug 31
        Year Dividend ($) Capital Gains ($)
        2018 0.0000 6.7872
        2017 0.0000 4.5552
        2016 0.0000 0.1368
        2015 0.1025 1.0722
        2014 0.0000 5.4634
        2013 0.0000 4.4040
        2011 0.0000 3.0192
        2010 0.0030 0.4920
        2008 0.1570 0.1180
        2007 0.1040 5.3060
        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
        DSCVX
        0.0000 0.0000 1.2654 0.2799 5.2419 6.7872 24.03
        Record Date Ex-Dividend Date Payable Date
        DSCVX
        12/13/18 12/14/18 12/14/18
        (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
        DSCVX
        Final 0.0000 0.0000 1.2654 0.2799 5.2419 6.7872 24.03
        Record Date Ex-Dividend Date Payable Date
        DSCVX
        12/13/18 12/14/18 12/14/18