Historical Prices

Start Date End Date

BNY Mellon Tax Managed Growth Fund

Overview

Why invest in this Fund?

The fund seeks long-term capital appreciation consistent with minimizing realized capital gains. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in common stocks and employs a tax-managed strategy. The fund focuses on 'blue-chip' companies with market capitalizations exceeding $5 billion at the time of purchase, including multinational companies.

The fund employs a 'buy-and-hold' investment strategy, which generally has resulted in an annual portfolio turnover of below 15%.

Min. class investment
$1,000
Class Inception Date
11/04/97
Fund Assets
$131,775,569  As of  01/26/21
Class Assets
$102,143,169  As of  01/26/21
Portfolio Turnover Rate
9.68%  As of fiscal year end  10/31/20
Morningstar Category
Large Blend
Benchmark
S&P 500(r) Index
Morningstar Overall Rating
Fund Holdings
45  As of  12/31/20

Morningstar Rating™ as of December 31, 2020 for the Class A class shares; other classes may have different performance characteristics. Overall rating for the Large Blend category. Fund ratings are out of 5 Stars: Overall 4 Stars (1232 funds rated); 3 Yrs. 5 Stars (1232 funds rated); 5 Yrs. 5 Stars (1072 funds rated); 10 Yrs. 3 Stars (814 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

  • Sarofim, Fayez

    Fayez Sarofim

    Portfolio Manager

    24 yr(s). on fund

  • Crain, Catherine

    Catherine Crain

    21 yr(s). on fund

  • Lee, Gentry

    Gentry Lee

    11 yr(s). on fund

  • Sarofim, Christopher

    Christopher Sarofim

    Portfolio Manager

    24 yr(s). on fund

  • Sheedy, Charles

    Charles Sheedy

    Portfolio Manager

    21 yr(s). on fund

  • Christensen, Alan R.

    Alan R. Christensen

    Portfolio Manager

    1 yr(s). on fund

Performance

Average Annual Returns

Click here to see SALES CHARGE  Max Sales Charge:  5.75% Front End Load

Month End

As of  12/31/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Tax Managed Growth Fund
DTMGX
 23.65 15.69 15.54 11.89 7.15 11/04/97
S&P 500(r) Index
 18.40 14.18 15.22 13.88 - -

Quarter End

As of  12/31/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Tax Managed Growth Fund
DTMGX
 23.65 15.69 15.54 11.89 7.15 11/04/97
S&P 500(r) Index
 18.40 14.18 15.22 13.88 - -

Cumulative Returns

Click here to see SALES CHARGE  Max Sales Charge:  5.75% Front End Load

Month End

As of  12/31/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Tax Managed Growth Fund
DTMGX
 23.65 54.83 105.89 207.56 395.10 11/04/97
S&P 500(r) Index
 18.40 48.85 103.04 267.00 - -

Quarter End

As of  12/31/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Tax Managed Growth Fund
DTMGX
 23.65 54.83 105.89 207.56 395.10 11/04/97
S&P 500(r) Index
 18.40 48.85 103.04 267.00 - -
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.

Average Annual Returns After Taxes

As of  12/31/20 1 YR 5 YRS 10 YRS
Return after taxes on distributions 14.74% 12.63% 10.13%
Return after taxes on distributions and sale of fund shares 10.99% 11.06% 9.03%

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 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
    DTMGX
    		 23.65% 35.02% -7.26% 25.48% 5.97% -2.96% 7.49% 20.83% 8.52% 9.22%

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

    Fees & Expenses

    Prospectus Fee Table Expense Ratios

    As of  02/28/20 Fee Description Expense Ratio (%)
    Management Fee 0.95%
    12B-1 Fee 0.25%
    Other Expenses 0.01%
    Total Expenses 1.21%
    Expenses Reimbursed 0.01%
    Net Expenses 1.20%
    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.
    The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has agreed in its investment management agreement with the fund to: (1) pay all of the fund's expenses, except management fees, Rule 12b-1 fees and certain other expenses, including the fees and expenses of the non-interested board members and their counsel, and (2) reduce its fees pursant to the investment management agreement in an amount equal to the fund's allocable portion of the fees and expenses of the non-interested board members and their counsel (in the amount of .01% for the past fiscal year). These provisions in the investment management agreement may not be amended without the approval of the fund's shareholders.

    Sales Charge

    Investment Amount Sales Charge
    Less than $50,000 5.75%
    Less than $100,000 4.50%
    Less than $250,000 3.50%
    Less than $500,000 2.50%
    Less than $1,000,000 2.00%
    Over $1,000,000 0.00%
    There is a 1% CDSC for purchases of $1,000,000 and over if redeemed within one year of purchase.
    Portfolio

    Portfolio Manager/Sub-Investment Adviser

    BNY Mellon Investment Adviser, Inc., the fund's investment adviser, has engaged Fayez Sarofim & Co. ("Sarofim & Co."), to serve as the fund's sub-investment adviser. Sarofim & Co., subject to BNY Mellon Investment Adviser, Inc.?s supervision and approval, provides investment advisory assistance, research and the day-to-day management of the fund's investments. The fund is managed by a team of portfolio managers employed by Sarofim & Co., consisting of Fayez Sarofim, Alan R. Christensen, CFA, Catherine Crain, Gentry Lee, Christopher Sarofim and Charles Sheedy. The team is supported by Sarofim & Co.?s Investment Committee, all the members of which are senior investment professionals at Sarofim & Co. Mr. Fayez Sarofim, Co-Chief Investment Officer and Chairman of the Board, founded Sarofim & Co. in 1958 and has been a portfolio manager of the fund since 1990.

    Top Holdings

    As of 12/31/20
    Holdings % Portfolio Weight
    Apple 7.99
    Microsoft 7.51
    Amazon.com 5.45
    Facebook, Cl. A 5.05
    Alphabet, Cl. C 4.58
    Estee Lauder, Cl. A 4.57
    Texas Instruments 4.33
    Visa, Cl. A 3.96
    BlackRock 3.08
    ASML Holding 3.02

    Asset Allocation

        Stats & Risks

        Daily Statistics

        As of  01/26/21 Name NAV Change 12/04/20  12 Month 
        High Nav        		 03/23/20  12 Month 
        Low Nav        		 YTD Return
        DTMGX
        		 $36.43
        $0.01
        0.03%
        		 $37.55 $22.72 0.69%

        Performance Metrics

        Overall Morningstar Rating

        MORNINGSTAR CATEGORY Large Blend

        Morningstar Rating™ as of 12/31/20 for the Class A shares; other classes may have different performance characteristics. Overall rating for the Large Blend. Fund ratings are out of 5 Stars: Overall 4 Stars (3118 funds rated); 3 Yrs. 5 Stars (1232 funds rated); 5 Yrs. 5 Stars (1072 funds rated); 10 Yrs. 3 Stars (814 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
          62 out of 637
        • 3 Year
          70 out of 577
        • 5 Year
          75 out of 515
        • 10 Year
          275 out of 405

        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.
        Investing in foreign denominated and/or domiciled securities involves special risks, including changes in currencyexchange 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.
        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  12/31/20, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DTMGX
        		 17.45 2.23 0.92 97.12 0.84
        Distributions

        Dividend Schedule

        Declared
        Qtry (May, Aug, Nov, Dec)
        Distributed
        Qtry (May, Aug, Nov, Dec)
        Paid
        Qtry (May, Aug, Nov, Dec)
        Fiscal Year End
        Oct 31
        Year Dividend ($) Capital Gains ($)
        2020 0.1270 2.2815
        2019 0.2414 1.3434
        2018 0.2957 2.7081
        2017 0.2285 1.3528
        2016 0.2562 0.0118
        2015 0.2979 1.3170
        2014 0.2891 0.6614
        2013 0.3387 0.0000
        2012 0.2770 0.0000
        2011 0.2410 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
        DTMGX
        		 0.0000 0.0061 0.0000 0.0018 2.2797 2.2876 35.30
        Record Date Ex-Dividend Date Payable Date
        DTMGX
        		 12/04/20 12/07/20 12/07/20
        (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
        DTMGX
        		 Final 0.0000 0.0061 0.0000 0.0018 2.2797 2.2876 35.30
        Record Date Ex-Dividend Date Payable Date
        DTMGX
        		 12/04/20 12/07/20 12/07/20
        Literature