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
$2,500
Class Inception Date
12/29/93
Fund Assets
$522,806,670  As of  12/04/19
Class Assets
$289,498,858  As of  12/04/19
Portfolio Turnover Rate
83.97%  As of fiscal year end  08/31/19
Morningstar Category
Small Blend
Benchmark
Russell 2000(r) Index
Fund Holdings
78  As of  10/31/19

Morningstar Rating™ as of October 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 (640 funds rated); 3 Yrs. 3 Stars (640 funds rated); 5 Yrs. 2 Stars (510 funds rated); 10 Yrs. 1 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

  • Boyd, James

    James Boyd

    Portfolio Manager, Mellon Investments Corporation

    11 yr(s). on fund

  • Kent, Patrick

    Patrick Kent

    Portfolio Manager, Mellon

    0 yr(s). on fund


As of  11/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Opportunistic Small Cap Fund
DSCVX
1.04 6.70 6.89 11.71 11.13 12/29/93
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Opportunistic Small Cap Fund
DSCVX
-14.91 6.95 6.71 10.45 11.00 12/29/93
Russell 2000(r) Index
-8.89 8.23 8.19 11.19 - -
As of  11/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Opportunistic Small Cap Fund
DSCVX
1.04 21.46 39.54 202.64 1,440.32 12/29/93
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Opportunistic Small Cap Fund
DSCVX
-14.91 22.32 38.38 170.19 1,368.19 12/29/93
Russell 2000(r) Index
-8.89 26.77 48.20 188.94 - -
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.


    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 fund's investment adviser for the fund is BNY Mellon Investment Adviser, Inc (BNYM Investment Adviser). The fund is managed by a team of portfolio managers employed by BNY Mellon Investment Adviser and Mellon Investments Corporation (Mellon), an affiliate of BNYM Investment Adviser. The team members who are jointly and primarily responsible for managing the fund's portfolio are Patrick Kent, CFA, CMT and James Boyd. Mr. Kent has served as lead portfolio manager of the fund since March 2019. Mr. Boyd has been a portfolio manager of the fund since 2010. Mr. Kent is the lead portfolio manager for the opportunistic value strategies and head of the opportunistic value investment team at Mellon, an affiliate of BNYM Investment Adviser. Mr. Boyd is a managing director, equity research analyst and portfolio manager at Mellon. Mellon investment professionals manage the fund in their capacity as employees of BNY Mellon Investment Adviser, Inc.

    Top Holdings

    As of  10/31/19   Holdings % Portfolio  Weight
    SkyWest 2.96
    PBF Energy 2.93
    Werner Enterprises 2.70
    Cabot 2.61
    Louisiana-Pacific 2.58
    Knight-Swift Transportation Holdings 2.53
    Ciena 2.40
    Clarivate Analytics 2.23
    Flexion Therapeutics 2.12
    Alamos Gold 2.07

    Asset Allocation


        Daily Statistics

        As of  12/04/19 Name NAV Change 04/29/19  12 Month 
        High Nav
        01/03/19  12 Month 
        Low Nav
        YTD Return
        DSCVX
        $26.87
        $0.08
        0.30%
        $27.35 $23.11 16.57%

        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  10/31/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DSCVX
        18.52 -7.79 1.30 72.05 0.50

        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
        Estimated 0.0967 0.0000 0.0000 0.0000 0.0000 0.0967 -
        Record Date Ex-Dividend Date Payable Date
        DSCVX
        12/13/19 12/16/19 12/16/19