BNY Mellon Opportunistic Small Cap Fund

Overview

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
$1,000,000
Class Inception Date
09/30/16
Class Status
Not available for purchase by individual investors.
Fund Assets
$526,720,525  As of  08/22/19
Class Assets
$210,241,463  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

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

Performance

Average Annual Returns

Month End

As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Opportunistic Small Cap Fund
DSCYX
 -13.25 8.99 6.32 11.95 11.14 09/30/16
Russell 2000(r) Index
 -4.42 10.36 8.53 12.47 - -

Quarter End

As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Opportunistic Small Cap Fund
DSCYX
 -13.79 10.91 4.78 13.03 11.15 09/30/16
Russell 2000(r) Index
 -3.31 12.30 7.06 13.45 - -

Cumulative Returns

Month End

As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Opportunistic Small Cap Fund
DSCYX
 -13.25 29.48 35.87 209.16 1,392.75 09/30/16
Russell 2000(r) Index
 -4.42 34.43 50.60 223.96 - -

Quarter End

As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Opportunistic Small Cap Fund
DSCYX
 -13.79 36.43 26.27 240.49 1,381.99 09/30/16
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.

The total return performance figures presented for Class Y shares of the fund represent the performance of the fund's Investor Shares for periods prior to September 30, 2016, the inception date for Class Y shares, and the performance of Class Y, 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

    Yearly

    Fund 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
    DSCYX
    		 -19.25% 24.50% 16.51% -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.

    Fees & Expenses

    Monthly Expense Ratios (Annualized)

    As of  07/31/19 Fee Description Expense Ratio (%)
    Management Fee 0.75%
    Other Expenses 0.06%
    Total Expenses 0.81%

    Prospectus Fee Table Expense Ratios

    As of  12/31/18 Fee Description Expense Ratio (%)
    Management Fee 0.75%
    Other Expenses 0.04%
    Total Expenses 0.79%
    Portfolio

    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

        Stats & Risks

        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
        DSCYX
        		 $25.41
        -$0.06
        -0.24%
        		 $40.16 $22.01 9.34%

        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
        DSCYX
        		 18.79 -6.56 1.31 70.75 0.47
        Distributions

        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
        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
        DSCYX
        		 0.0000 0.0000 1.2654 0.2799 5.2419 6.7872 24.23
        Record Date Ex-Dividend Date Payable Date
        DSCYX
        		 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
        DSCYX
        		 Final 0.0000 0.0000 1.2654 0.2799 5.2419 6.7872 24.23
        Record Date Ex-Dividend Date Payable Date
        DSCYX
        		 12/13/18 12/14/18 12/14/18
        Literature