BNY Mellon Large Cap Equity Fund

Why invest in this Fund?

The fund seeks to provide long-term capital appreciation. To pursue this goal, the fund normally invests at least 80% of its net assets in equity securities of large capitalization companies. The fund invests primarily in large, established companies that the portfolio manager believes have proven track records and the potential for superior relative earnings growth. The investment process begins with a top-down assessment of broad economic, political and social trends and their implications for different market and industry sectors.

Min. class investment
$1,000
Class Inception Date
04/01/97
Class Status
Not available for purchase by individual investors.
Fund Assets
$642,490,513  As of  10/21/19
Class Assets
$51,547,688  As of  10/21/19
Portfolio Turnover Rate
56.74%  As of fiscal year end  12/31/18
Morningstar Category
Large Growth
Benchmark
S&P 500(r) Index
Morningstar Overall Rating
Fund Holdings
80  As of  09/30/19

Morningstar Rating™ as of September 30, 2019 for the Class I class shares; other classes may have different performance characteristics. Overall rating for the Large Growth category. Fund ratings are out of 5 Stars: Overall 3 Stars (1243 funds rated); 3 Yrs. 3 Stars (1243 funds rated); 5 Yrs. 3 Stars (1110 funds rated); 10 Yrs. 3 Stars (822 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

  • Lee, Thomas

    Thomas Lee

    Senior Analyst

    1 yr(s). on fund

  • Sauber, Donald

    Donald Sauber

    1 yr(s). on fund


As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Large Cap Equity Fund
DLQIX
-0.06 13.62 10.61 12.58 8.11 04/01/97
S&P 500(r) Index
4.25 13.39 10.84 13.24 - -
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Large Cap Equity Fund
DLQIX
-0.06 13.62 10.61 12.58 8.11 04/01/97
S&P 500(r) Index
4.25 13.39 10.84 13.24 - -
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Large Cap Equity Fund
DLQIX
-0.06 46.68 65.55 226.96 728.94 04/01/97
S&P 500(r) Index
4.25 45.80 67.27 246.74 - -
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Large Cap Equity Fund
DLQIX
-0.06 46.68 65.55 226.96 728.94 04/01/97
S&P 500(r) Index
4.25 45.80 67.27 246.74 - -
The S&P 500® Index is widely regarded as the best single gauge of large-cap U.S. equities. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization.

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 01, 1997, 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
    DLQIX
    -5.54% 24.95% 11.23% 2.91% 9.95% 34.12% 17.46% -5.46% 16.09% 29.05%

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


    Prospectus Fee Table Expense Ratios

    As of  05/01/19 Fee Description Expense Ratio (%)
    Management Fee 0.70%
    Other Expenses 0.08%
    Total Expenses 0.78%
    The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until May 1, 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 .90%. On or after May 1, 2020, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.

    Portfolio Manager/Sub-Investment Advisor

    The investment adviser for the fund is BNY Mellon Investment Adviser, Inc. Thomas Lee and Donald Sauber are the fund's primary portfolio managers, positions they have held since February 2018. Messrs. Lee and Sauber are senior analysts at BNY Mellon Wealth Management and are employees of The Bank of New York Mellon, an affiliate of BNY Mellon Investment Adviser, Inc. Messrs. Lee and Sauber manage the fund in their capacity as employees of BNY Mellon Investment Adviser, Inc.

    Top Holdings

    As of  09/30/19   Holdings % Portfolio  Weight
    Microsoft 4.23
    Amazon.com 3.03
    Apple 2.86
    Alphabet, Cl. A 2.76
    Facebook, Cl. A 2.51
    JPMorgan Chase & Co. 2.44
    Visa, Cl. A 2.44
    Comcast, Cl. A 2.04
    NIKE, Cl. B 1.92
    NextEra Energy 1.91

    Asset Allocation


        Daily Statistics

        As of  10/21/19 Name NAV Change 11/07/18  12 Month 
        High Nav
        12/24/18  12 Month 
        Low Nav
        YTD Return
        DLQIX
        $21.02
        $0.13
        0.62%
        $22.40 $16.64 20.11%

        Performance Metrics

        Overall Morningstar Rating


        MORNINGSTAR CATEGORY Large Growth


        Morningstar Rating™ as of 09/30/19 for the Class I shares; other classes may have different performance characteristics. Overall rating for the Large Growth. Fund ratings are out of 5 Stars: Overall 3 Stars (3175 funds rated); 3 Yrs. 3 Stars (1243 funds rated); 5 Yrs. 3 Stars (1110 funds rated); 10 Yrs. 3 Stars (822 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
          570 out of 681
        • 3 Year
          131 out of 601
        • 5 Year
          107 out of 530
        • 10 Year
          127 out of 423

        LIPPER CLASSIFICATION Large-Cap Core 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.

        The use of derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in the underlying assets. Derivatives can be highly volatile, illiquid, and difficult to value and there is the risk that changes in the value of a derivative held by the portfolio will not correlate with the underlying instruments or the portfolio's other investments.

        Risk Metrics

        As of  09/30/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DLQIX
        13.33 -0.58 1.08 97.14 0.91

        Dividend Schedule

        Declared
        Annually
        Distributed
        Annually
        Paid
        Annually
        Fiscal Year End
        Dec 31
        Year Dividend ($) Capital Gains ($)
        2019 0.0110 0.3065
        2018 0.1459 2.5089
        2017 0.1520 0.6971
        2016 0.1680 0.2054
        2015 0.1800 0.7338
        2014 0.2770 0.1799
        2013 0.1769 0.0000
        2012 0.1000 0.0000
        2011 0.1024 0.0000
        2010 0.1228 0.0000
        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
        DLQIX
        0.0000 0.0110 0.0000 0.0000 0.3065 0.3175 19.87
        Record Date Ex-Dividend Date Payable Date
        DLQIX
        03/15/19 03/18/19 03/18/19
        (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
        DLQIX
        Final 0.0000 0.1429 0.0000 0.0000 2.1674 2.3103 18.01
        Record Date Ex-Dividend Date Payable Date
        DLQIX
        12/14/18 12/17/18 12/17/18