BNY Mellon Active MidCap Fund

    Overview

    Why invest in this Fund?

    The fund seeks to maximize capital appreciation by normally investing at least 80% of its assets, plus any borrowings for investment purposes, in the stocks of midsized companies. The fund defines "midsized companies" as companies included in the Russell Midcap Index at the time of purchase. The fund's portfolio managers apply a systematic, quantitative investment approach designed to identify and exploit relative misvaluations primarily within mid-cap stocks in the U.S. stock market.
    Min. Class Investment
    $1,000
    Class Inception Date
    11/27/02
    Class Status
    Not available for purchase by individual investors.
    Fund Assets
    $455,302,550  As of  08/30/24
    Class Assets
    $18,607,510  As of  08/30/24
    Portfolio Turnover Rate
    57.46% As of fiscal year end  12/31/23
    Morningstar Category
    Mid-Cap Blend
    Benchmark
    Russell Midcap Index
    Morningstar Overall Rating
    Fund Holdings
    238 As of 07/31/24

    Morningstar Rating™ as of July 31, 2024 for the Class I class shares; other classes may have different performance characteristics. Overall rating for the Mid-Cap Blend category. Fund ratings are out of 5 Stars: Overall 3 Stars (399 funds rated); 3 Yrs. 3 Stars (399 funds rated); 5 Yrs. 3 Stars (365 funds rated); 10 Yrs. 3 Stars (253 funds rated).

    Portfolio Managers

    • Peter Goslin

      Peter Goslin, CFA

      Portfolio Manager, Newton Investment Management North America, LLC

      Managing Fund Since 2015

      Joined Firm in 1999

      Joined Industry in 1988
    Performance

    Total Returns

    Month End

    Average Annual
    As of 07/31/24
    Name 3 MO
    07/31/24     		YTD
    07/31/24     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Active MidCap Fund
    DNLRX
    		5.58 9.43 13.08 5.52 9.37 8.25 10.19
    Russell Midcap Index
    		6.99 9.91 13.69 3.69 10.16 9.88 -

    Quarter End

    Average Annual
    As of 06/30/24
    Name 3 MO
    06/30/24     		YTD
    06/30/24     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Active MidCap Fund
    DNLRX
    		-4.81 4.96 12.78 4.57 8.47 7.48 10.10
    Russell Midcap Index
    		-3.35 4.96 12.88 2.37 9.46 9.04 -

    The performance data quotes represents past performance, which is no guarantee of future results. Yield, share price and investment return fluctuate and an investor's shares may be worth more or less than original cost upon redemption. Current performance may be lower or higher than the performance quoted. Click above for month-end returns.

    The Russell Midcap® Index measures the performance of the mid-cap segment of the U.S. equity universe. The Russell Midcap® Index is a subset of the Russell 1000® Index. It includes approximately 800 of the smallest securities based on a combination of their market cap and current index membership. The Russell Midcap® Index represents approximately 31% of the total market capitalization of the Russell 1000 companies. The Russell Midcap® Index is constructed to provide a comprehensive and unbiased barometer for the mid-cap segment. The index is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true mid-cap opportunity set. Investors cannot invest directly in any index.

    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 November 27, 2002, 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

    Past performance is no guarantee of future results.

    Historical Performance

      Not available for purchase by individual investors.

       

      Past performance is no guarantee of future results.

      Yearly Total Return

      Yearly

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

      Fees & Expenses

      Prospectus Fee Table Expense Ratios

      As of  05/01/24 Fee Description Expense Ratio (%)
      Management Fee 0.75%
      Other Expenses 0.20%
      Total Expenses 0.95%
      Expenses Reimbursed 0.20%
      Net Expenses 0.75%
      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 contractually agreed, until May 1, 2025, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of the fund's share classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest expense, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed .75%. On or after May 1, 2025, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.
      Portfolio

      Portfolio Manager/Sub-Investment Adviser

      The primary portfolio manager of the fund is Peter D. Goslin, CFA. Mr. Goslin has been a primary portfolio manager of the fund since March 2017. Mr. Goslin is a portfolio manager at NIMNA. He has been employed by NIMNA or a predecessor company of NIMNA since 1999.

      Top Holdings

      Download Total Holdings
      As of 07/31/24

      Asset Allocation

          Stats & Risks

          Daily Statistics

          As of 08/30/24 Name NAV Change 08/30/24  12 Month 
          High Nav           		10/27/23  12 Month 
          Low Nav           		YTD Return
          DNLRX
          		$62.22
          $0.47
          0.76%
          		$62.22 $47.88 11.35%

          Performance Metrics

          Overall Morningstar Rating

          MORNINGSTAR CATEGORY Mid-Cap Blend

          Morningstar Rating™ as of 07/31/24 for the Class I shares; other classes may have different performance characteristics. Overall rating for the Mid-Cap Blend. Fund ratings are out of 5 Stars: Overall 3 Stars (399 funds rated); 3 Yrs. 3 Stars (399 funds rated); 5 Yrs. 3 Stars (365 funds rated); 10 Yrs. 3 Stars (253 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
            87 out of 366
          • 3 Year
            11 out of 345
          • 5 Year
            94 out of 320
          • 10 Year
            211 out of 262

          LIPPER CLASSIFICATION Mid-Cap Growth Funds

          Lipper Category returns and rankings as of 07/31/24, 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.
          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.
          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  07/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DNLRX
          		19.41 -3.70 1.02 87.80 0.19

          All risk metrics are provided by Morningstar. The index used in the calculations are determined by Morningstar which may not be the funds primary benchmark. The index Morningstar used for this analysis is S&P 500® Index.


          Alpha - Alpha is a measure of a security's or portfolio's excess return.

          Beta - Beta is a measure of a security’s or portfolio’s volatility, or systematic risk.

          R-Squared - R-squared is a statistical measure that represents the percentage of a fund’s or security’s movements that are explained by movements in a benchmark index.

          Sharpe Ratio - Sharpe ratio is a risk-adjusted measure that measures reward per unit of risk. The higher the Sharpe ratio, the better.

          Standard Deviation - Standard deviation is a statistical measure of the degree to which an individual portfolio return tends to vary from the mean, based on the entire population. The greater the degree of dispersion, the greater the degree of risk. In mutual funds, the standard deviation tells us how much the return on the fund is deviating from the expected normal returns.

          Distributions

          Dividend Schedule

          Declared
          Annually
          Distributed
          Annually
          Paid
          Annually
          Fiscal Year End
          Dec 31
          Annualized Distribution Rate
          %
          As of 
          Year Dividend ($) Capital Gains ($)
          2024 0.1591 0.6520
          2023 0.6834 0.5331
          2022 0.6479 3.9630
          2021 0.5218 10.6790
          2020 0.5460 1.2147
          2019 0.2980 1.2592
          2018 0.2177 5.0985
          2017 0.5449 6.8221
          2016 0.3429 0.4160
          2015 0.6182 1.3999

          There is no guarantee that the fund will distribute any level annually. Capital gains may be short-term, long-term, or both.

          Distributions History

          Record Date Ex-Dividend Date Payable Date Ordinary 
          Non-Qualified 
          Dividends           		Qualified 
          Dividends           		Non-Qualified 
          Short-Term 
          Capital Gain           		Qualified 
          Short-Term 
          Capital Gain           		Long-Term 
          Capital Gain           		Total 
          Distribution
          03/26/24 03/27/24 03/27/24 - 0.1591 - 0.0000 0.6520 0.8111
          Record Date Ex-Dividend Date Payable Date Ordinary 
          Non-Qualified 
          Dividends           		Qualified 
          Dividends           		Non-Qualified 
          Short-Term 
          Capital Gain           		Qualified 
          Short-Term 
          Capital Gain           		Long-Term 
          Capital Gain           		Total 
          Distribution
          12/13/23 12/14/23 12/14/23 0.0000 0.5064 0.0000 0.0000 0.3381 0.8445
          03/29/23 03/30/23 03/30/23 - 0.1770 - 0.0000 0.1950 0.3720
          12/14/22 12/15/22 12/15/22 0.0000 0.4220 0.0000 0.0000 2.1748 2.5968
          03/29/22 03/30/22 03/30/22 0.2259 0.0000 0.3794 0.0000 1.4088 2.0141
          12/15/21 12/16/21 12/16/21 0.3943 0.0725 3.7191 0.6843 5.4708 10.3410
          03/29/21 03/30/21 03/30/21 - 0.0550 - 0.0000 0.8048 0.8598
          12/16/20 12/17/20 12/17/20 0.0000 0.4180 0.0000 0.0000 0.6887 1.1067
          03/25/20 03/26/20 03/26/20 0.0000 0.1280 0.0000 0.0000 0.5260 0.6540
          12/18/19 12/19/19 12/19/19 0.0000 0.2980 0.0000 0.0000 1.2397 1.5377
          03/20/19 03/21/19 03/21/19 0.0000 0.0000 0.0000 0.0000 0.0195 0.0195
          12/19/18 12/20/18 12/20/18 0.0000 0.0438 0.0000 0.0000 4.2820 4.3258
          03/21/18 03/22/18 03/22/18 0.0000 0.1739 0.0000 0.2207 0.5958 0.9904
          12/21/17 12/22/17 12/22/17 0.0000 0.2771 0.0000 0.3181 5.9616 6.5568
          03/22/17 03/23/17 03/23/17 0.0000 0.2678 0.0000 0.0000 0.5424 0.8102
          12/21/16 12/22/16 12/22/16 0.0000 0.3079 0.0000 0.0000 0.0000 0.3079
          03/23/16 03/24/16 03/24/16 0.0000 0.0350 0.0000 0.0000 0.4160 0.4510
          12/22/15 12/23/15 12/23/15 0.0000 0.4722 0.0000 0.0000 1.3999 1.8721
          03/25/15 03/26/15 03/26/15 0.0000 0.1460 0.0000 0.0000 0.0000 0.1460
          12/22/14 12/23/14 12/23/14 0.0000 0.2611 0.0000 0.0000 0.0000 0.2611
          03/19/14 03/20/14 03/20/14 0.0000 0.0816 0.0000 0.0000 0.0000 0.0816
          12/20/13 12/23/13 12/23/13 0.0000 0.3683 0.0000 0.0000 0.0000 0.3683
          03/20/13 03/21/13 03/21/13 0.0000 0.0730 0.0000 0.0000 0.0000 0.0730
          12/21/12 12/24/12 12/24/12 0.0000 0.4770 0.0000 0.0000 0.0000 0.4770
          03/28/12 03/29/12 03/29/12 0.0000 0.0320 0.0000 0.0000 0.0000 0.0320
          12/21/11 12/22/11 12/22/11 0.0000 0.0516 0.0000 0.0000 0.0000 0.0516
          03/24/11 03/25/11 03/25/11 0.0000 0.0320 0.0000 0.0000 0.0000 0.0320
          12/27/10 12/28/10 12/28/10 0.0000 0.1085 0.0000 0.0000 0.0000 0.1085
          12/23/09 12/24/09 12/24/09 0.0000 0.1300 0.0000 0.0000 0.0000 0.1300
          12/19/08 12/22/08 12/22/08 0.0000 0.0200 0.0000 0.0000 0.0000 0.0200
          03/26/08 03/27/08 03/27/08 0.0000 0.0550 0.0000 0.0000 0.0040 0.0590
          12/19/07 12/20/07 12/20/07 0.0000 0.2190 0.0000 0.0000 6.4840 6.7030
          03/27/07 03/28/07 03/28/07 0.0000 0.0610 0.0000 0.0165 0.7315 0.8090
          12/20/06 12/21/06 12/21/06 0.0000 0.1030 0.0000 0.0460 4.2760 4.4250
          03/28/06 03/29/06 03/29/06 0.0162 0.0328 0.1329 0.2681 0.5970 1.0470
          12/20/05 12/21/05 12/21/05 0.0000 0.1180 0.0000 0.1140 1.6510 1.8830
          03/30/05 03/31/05 03/31/05 0.0000 0.0000 0.2724 0.2026 1.2290 1.7040
          12/16/04 12/17/04 12/17/04 0.0000 0.0000 0.1200 0.3540 2.5860 3.0600
          03/30/04 03/31/04 03/31/04 0.0000 0.0000 0.7240 0.0000 0.0000 0.7240
          12/16/03 12/17/03 12/17/03 0.0000 0.3907 0.3180 0.0000 1.8453 3.9470
          See all rows...
          Literature

          Literature

          Factsheet, Prospectus and Reports

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