BNY Mellon Large Cap Growth 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, plus any borrowings for investment purposes, in equity securities of large capitalization companies.

The fund's investment philosophy is based on the premise that earnings growth is the primary determinant of long-term stock appreciation. With this, the fund’s manager uses an approach that combines top-down and bottom-up analysis. The fund focuses on 'growth' stocks.

Min. class investment
$1,000
Class Inception Date
09/13/08
Fund Assets
$69,888,098  As of  08/20/19
Class Assets
$1,725,544  As of  08/20/19
Portfolio Turnover Rate
68.61%  As of fiscal year end  12/31/18
Morningstar Category
Large Growth
Benchmark
Russell 1000(r) Growth Index
Morningstar Overall Rating
Fund Holdings
80  As of  07/31/19

Morningstar Rating™ as of July 31, 2019 for the Class C 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 (1237 funds rated); 3 Yrs. 3 Stars (1237 funds rated); 5 Yrs. 3 Stars (1108 funds rated); 10 Yrs. 3 Stars (819 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

    2 yr(s). on fund

  • Sauber, Donald

    Donald Sauber

    1 yr(s). on fund


Click here to see SALES CHARGE  Max Sales Charge:  1.00% CDSC Load
As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Large Cap Growth Fund
DGTCX
5.49 14.96 11.93 13.59 9.06 09/13/08
Russell 1000(r) Growth Index
10.82 17.13 14.25 15.74 - -
As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Large Cap Growth Fund
DGTCX
7.08 16.18 11.12 14.24 9.03 09/13/08
Russell 1000(r) Growth Index
11.56 18.07 13.39 16.28 - -
Click here to see SALES CHARGE  Max Sales Charge:  1.00% CDSC Load
As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Large Cap Growth Fund
DGTCX
5.49 51.91 75.65 257.60 1,587.36 09/13/08
Russell 1000(r) Growth Index
10.82 60.71 94.67 331.42 - -
As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Large Cap Growth Fund
DGTCX
7.08 56.80 69.41 278.67 1,561.36 09/13/08
Russell 1000(r) Growth Index
11.56 64.58 87.46 351.86 - -
The Russell 1000® Growth Index measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000 companies with higher growth earning potential as defined by Russell's leading style methodology. The Russell 1000® Growth Index is constructed to provide a comprehensive and unbiased barometer for the large-cap growth segment. The index is completely reconstituted annually to ensure new and growing equities are included and that the represented companies continue to reflect growth characteristics.

The total return performance figures presented for Class C shares of the fund represent the performance of the fund's Class A for periods prior to September 13, 2008, the inception date for Class C shares, and the performance of Class C, 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

    These figures do not reflect the maximum sales charge which, if included, would reduce return.

    Yearly Total Return

    Fund 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
    DGTCX
    -4.19% 27.56% 5.84% 2.71% 13.66% 34.92% 13.80% -5.56% 15.10% 34.09%

    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 0.70%
    12B-1 Fee 0.75%
    Service Fee 0.25%
    Other Expenses 0.38%
    Total Expenses 2.08%
    Expenses Reimbursed 0.18%
    Net Expenses 1.90%

    Redemption Charge

    As of  08/21/19  Redemption Year CDSC
    Year 1 1.00
    Class C shares are subject to a contingent deferred sales charge (CDSC) imposed on Class C shares redeemed within one year of purchase.

    Prospectus Fee Table Expense Ratios

    As of  05/01/19 Fee Description Expense Ratio (%)
    Management Fee 0.70%
    12B-1 Fee 0.75%
    Service Fee 0.25%
    Other Expenses 0.43%
    Total Expenses 2.13%
    Expenses Reimbursed 0.23%
    Net Expenses 1.90%
    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 fund's investment adviser is BNY Mellon Investment Adviser, Inc. Thomas Lee and Donald Sauber are the fund's primary portfolio managers, positions they have held since November 2017 and February 2018, respectively. 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 and BNY Mellon Investment Adviser, Inc.

    Top Holdings

    As of  07/31/19   Holdings % Portfolio  Weight
    Microsoft 6.20
    Amazon.com 5.99
    Apple 5.60
    Alphabet, Cl. A 4.97
    Facebook, Cl. A 3.90
    Visa, Cl. A 3.13
    Merck & Co. 1.94
    Ingersoll-Rand 1.87
    NIKE, Cl. B 1.77
    UnitedHealth Group 1.71

    Asset Allocation


        Daily Statistics

        As of  08/20/19 Name NAV Change 10/01/18  12 Month 
        High Nav
        12/24/18  12 Month 
        Low Nav
        YTD Return
        DGTCX
        $12.07
        -$0.08
        -0.66%
        $13.49 $9.58 19.96%

        Performance Metrics

        Overall Morningstar Rating


        MORNINGSTAR CATEGORY Large Growth


        Morningstar Rating™ as of 07/31/19 for the Class C shares; other classes may have different performance characteristics. Overall rating for the Large Growth. Fund ratings are out of 5 Stars: Overall 3 Stars (3164 funds rated); 3 Yrs. 3 Stars (1237 funds rated); 5 Yrs. 3 Stars (1108 funds rated); 10 Yrs. 3 Stars (819 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
          574 out of 641
        • 3 Year
          423 out of 578
        • 5 Year
          391 out of 523
        • 10 Year
          313 out of 409

        LIPPER CLASSIFICATION Large-Cap Growth 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.

        Risk Metrics

        As of  07/31/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DGTCX
        14.39 0.23 1.13 89.60 0.94

        Dividend Schedule

        Declared
        Annually
        Distributed
        Annually
        Paid
        Annually
        Fiscal Year End
        Dec 31
        Year Dividend ($) Capital Gains ($)
        2019 0.0000 0.2715
        2018 0.0000 0.6454
        2017 0.0000 0.3795
        2015 0.0000 0.1057
        2014 0.0000 1.4124
        2013 0.0000 1.0469
        2010 0.0060 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
        DGTCX
        0.0000 0.0000 0.0000 0.0000 0.2715 0.2715 11.46
        Record Date Ex-Dividend Date Payable Date
        DGTCX
        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
        DGTCX
        Final 0.0000 0.0000 0.0000 0.1019 0.4759 0.5778 10.41
        Record Date Ex-Dividend Date Payable Date
        DGTCX
        12/14/18 12/17/18 12/17/18