BNY Mellon Appreciation Fund, Inc.

Why invest in this Fund?

The fund seeks long-term capital growth consistent with the preservation of capital. Its secondary goal is current income. To pursue these goals, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in common stock. The fund focuses on “blue-chip” companies with total market capitalizations of more than $5 billion at the time of purchase, including multinational companies.
Min. class investment
$1,000
Class Inception Date
08/31/16
Class Status
Not available for purchase by individual investors.
Fund Assets
$1,655,133,869  As of  08/19/19
Class Assets
$129,929,750  As of  08/19/19
Portfolio Turnover Rate
5.12%  As of fiscal year end  12/31/18
Morningstar Category
Large Blend
Benchmark
S&P 500(r) Index
Fund Holdings
50  As of  07/31/19

As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Appreciation Fund, Inc.
DGIGX
11.29 13.90 9.84 12.03 10.64 08/31/16
S&P 500(r) Index
7.99 13.36 11.34 14.03 - -
As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Appreciation Fund, Inc.
DGIGX
12.18 14.11 8.75 12.55 10.59 08/31/16
S&P 500(r) Index
10.42 14.19 10.71 14.70 - -
As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Appreciation Fund, Inc.
DGIGX
11.29 47.77 59.88 211.52 3,529.34 08/31/16
S&P 500(r) Index
7.99 45.66 71.08 271.71 - -
As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Appreciation Fund, Inc.
DGIGX
12.18 48.58 52.12 226.09 3,449.55 08/31/16
S&P 500(r) Index
10.42 48.89 66.33 294.16 - -
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.

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

Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

Historical Performance

    Not available for purchase by individual investors.

    Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

    Yearly Total Return

    Fund 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
    DGIGX
    -6.16% 26.91% 7.32% -2.51% 8.27% 21.44% 10.18% 7.62% 15.26% 21.01%

    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 0.55%
    Other Expenses 0.11%
    Total Expenses 0.66%

    Prospectus Fee Table Expense Ratios

    As of  05/01/19 Fee Description Expense Ratio (%)
    Management Fee 0.55%
    Other Expenses 0.11%
    Total Expenses 0.66%

    Portfolio Manager/Sub-Investment Advisor

    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, 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  07/31/19   Holdings % Portfolio  Weight
    Microsoft 6.94
    Apple 5.35
    Facebook, Cl. A 5.35
    Visa, Cl. A 4.25
    Alphabet, Cl. C 4.22
    Texas Instruments 3.35
    Estee Lauder, Cl. A 3.07
    JPMorgan Chase & Co. 3.02
    Amazon.com 2.92
    Comcast, Cl. A 2.69

    Asset Allocation


        Daily Statistics

        As of  08/19/19 Name NAV Change 09/21/18  12 Month 
        High Nav
        12/24/18  12 Month 
        Low Nav
        YTD Return
        DGIGX
        $32.59
        $0.45
        1.40%
        $37.47 $25.95 22.94%

        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 currency exchange 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.

        Risk Metrics

        As of  07/31/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DGIGX
        11.31 1.58 0.90 92.71 1.08

        Dividend Schedule

        Declared
        Quarterly
        Distributed
        Quarterly
        Paid
        Quarterly
        Fiscal Year End
        Dec 31
        Year Dividend ($) Capital Gains ($)
        2019 0.2413 0.9519
        2018 0.4971 5.6036
        2017 0.6300 5.4055
        2016 0.2980 5.3339
        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
        DGIGX
        0.0000 0.1088 0.0000 0.0000 0.0000 0.1088 32.03
        Record Date Ex-Dividend Date Payable Date
        DGIGX
        06/27/19 06/28/19 06/28/19
        (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
        DGIGX
        Final 0.0000 0.1184 0.0000 0.0000 4.9688 5.0872 27.10
        Record Date Ex-Dividend Date Payable Date
        DGIGX
        12/19/18 12/20/18 12/20/18