Please ensure Javascript is enabled for purposes of website accessibility

    BNY Mellon Appreciation Fund, Inc.

    Overview

    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
    $2,500
    Class Inception Date
    01/18/84
    Fund Assets
    $2,230,204,810  As of  04/15/24
    Class Assets
    $1,704,856,942  As of  04/15/24
    Portfolio Turnover Rate
    3.76% As of fiscal year end  12/31/23
    Morningstar Category
    Large Growth
    Benchmark
    S&P 500® Index
    Morningstar Overall Rating
    Fund Holdings
    49 As of 03/31/24

    Morningstar Rating™ as of March 31, 2024 for the Investor Shares 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 (1111 funds rated); 3 Yrs. 3 Stars (1111 funds rated); 5 Yrs. 3 Stars (1037 funds rated); 10 Yrs. 2 Stars (807 funds rated).

    Portfolio Managers

    • Alan R. Christensen

      Alan R. Christensen, CFA

      Portfolio Manager,

      Managing Fund Since 2020

      Joined Firm in 2005

      Joined Industry in 1995
    • Catherine Crain

      Catherine Crain, CFA

      Portfolio Manager,

      Managing Fund Since 2000

      Joined Firm in 1993

      Joined Industry in 1989
    • Gentry Lee

      Gentry Lee, CFA

      Chief Executive Officer and Chief Investment Officer,

      Managing Fund Since 2010

      Joined Firm in 1998

      Joined Industry in 1994
    • Christopher Sarofim

      Christopher Sarofim

      Portfolio Manager,

      Managing Fund Since 2000

      Joined Firm in 1988

      Joined Industry in 1986
    • Charles E. Sheedy

      Charles E. Sheedy, CFA

      Portfolio Manager,

      Managing Fund Since 2000

      Joined Firm in 1971

      Joined Industry in 1971
    Performance

    Total Returns

    Month End

    Average Annual
    As of 03/31/24
    Name 3 MO
    03/31/24     		YTD
    03/31/24     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Appreciation Fund, Inc.
    DGAGX
    		6.69 6.69 21.84 9.14 14.68 11.68 10.99
    S&P 500® Index
    		10.56 10.56 29.88 11.49 15.05 12.96 -

    Quarter End

    Average Annual
    As of 03/31/24
    Name 3 MO
    03/31/24     		YTD
    03/31/24     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Appreciation Fund, Inc.
    DGAGX
    		6.69 6.69 21.84 9.14 14.68 11.68 10.99
    S&P 500® Index
    		10.56 10.56 29.88 11.49 15.05 12.96 -

    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 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 cannot invest directly in any index.

    Growth of $10,000 Investment

    Past performance is no guarantee of future results.

    Historical Performance

       

      Past performance is no guarantee of future results.

      Yearly Total Return

      Yearly

      Fees & Expenses

      Prospectus Fee Table Expense Ratios

      As of  05/01/23 Fee Description Expense Ratio (%)
      Management Fee 0.55%
      Service Fee 0.25%
      Other Expenses 0.08%
      Total Expenses 0.88%
      Net Expenses 0.88%
      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.
      Portfolio

      Portfolio Manager/Sub-Investment Adviser

      The fund's investment adviser is BNY Mellon Investment Adviser, Inc., and the fund's sub-investment adviser is Fayez Sarofim & Co. (Sarofim & Co.). The fund is managed by a team of portfolio managers employed by Sarofim & Co., consisting of Alan R. Christensen, CFA, Catherine Crain, CFA, Gentry Lee, CFA, Christopher Sarofim and Charles Sheedy, CFA. The team is supported by Sarofim & Co.'s Investment Committee, all the members of which are senior investment professionals at Sarofim & Co. The team members hold the following positions at Sarofim & Co.: Mr. Christensen is the President and Head of Investment Risk, Ms. Crain is a Vice President and Director of Marketing and Client Services, Mr. Lee is Chief Executive Officer and Chief Investment Officer, Mr. Sarofim is Chairman, and Mr. Sheedy is a Senior Vice President. Mr. Sarofim has been a portfolio manager of the fund since October 2000. Ms. Crain and Mr. Sheedy have been portfolio managers of the fund since October 2000. Mr. Lee has been a portfolio manager of the fund since November 2010. Mr. Christensen has been a portfolio manager of the fund since March 2020.

      Top Holdings

      Download Total Holdings
      As of 03/31/24

      Asset Allocation

          Stats & Risks

          Daily Statistics

          As of 04/15/24 Name NAV Change 03/21/24  12 Month 
          High Nav           		10/27/23  12 Month 
          Low Nav           		YTD Return
          DGAGX
          		$41.18
          -$0.37
          -0.89%
          		$43.59 $37.68 3.55%

          Performance Metrics

          Overall Morningstar Rating

          MORNINGSTAR CATEGORY Large Growth

          Morningstar Rating™ as of 03/31/24 for the Investor Shares shares; other classes may have different performance characteristics. Overall rating for the Large Growth. Fund ratings are out of 5 Stars: Overall 3 Stars (1111 funds rated); 3 Yrs. 3 Stars (1111 funds rated); 5 Yrs. 3 Stars (1037 funds rated); 10 Yrs. 2 Stars (807 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
            595 out of 666
          • 3 Year
            468 out of 612
          • 5 Year
            206 out of 554
          • 10 Year
            255 out of 428

          LIPPER CLASSIFICATION Large-Cap Core Funds

          Lipper Category returns and rankings as of 03/31/24, 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.
          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  03/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DGAGX
          		18.11 -2.10 1.00 95.06 0.41

          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
          Quarterly
          Distributed
          Quarterly
          Paid
          Quarterly
          Fiscal Year End
          Dec 31
          Year Dividend ($) Capital Gains ($)
          2024 0.0453 1.0125
          2023 0.2579 2.7738
          2022 0.2250 3.0895
          2021 0.1551 1.7239
          2020 0.2327 1.8501
          2019 0.3244 3.2203
          2018 0.4120 5.6036
          2017 0.4272 5.4055
          2016 0.5674 8.7017
          2015 0.8788 11.8660

          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
          03/27/24 03/28/24 03/28/24 - 0.0453 - 0.0000 1.0125 1.0578
          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
          12/19/23 12/20/23 12/20/23 0.0000 0.0644 0.0000 0.0000 1.9798 2.0442
          09/28/23 09/29/23 09/29/23 - 0.0536 - 0.0000 0.0000 0.0536
          06/29/23 06/30/23 06/30/23 - 0.0769 - 0.0000 0.0000 0.0769
          03/30/23 03/31/23 03/31/23 - 0.0630 - 0.0000 0.7940 0.8570
          12/20/22 12/21/22 12/21/22 0.0000 0.0712 0.0000 0.0000 2.7106 2.7818
          09/29/22 09/30/22 09/30/22 - 0.0647 - 0.0000 0.0000 0.0647
          06/29/22 06/30/22 06/30/22 - 0.0610 - 0.0000 0.0000 0.0610
          03/30/22 03/31/22 03/31/22 - 0.0281 - 0.0000 0.3789 0.4070
          12/20/21 12/21/21 12/21/21 0.0000 0.0221 0.0000 0.0050 1.6171 1.6442
          09/29/21 09/30/21 09/30/21 - 0.0148 - 0.0000 0.0000 0.0148
          06/29/21 06/30/21 06/30/21 - 0.0414 - 0.0000 0.0000 0.0414
          03/30/21 03/31/21 03/31/21 0.0000 0.0768 0.0000 0.0000 0.1018 0.1786
          12/18/20 12/21/20 12/21/20 0.0000 0.0419 0.0000 0.0000 1.4228 1.4647
          09/29/20 09/30/20 09/30/20 0.0000 0.0433 0.0000 0.0000 0.0000 0.0433
          06/29/20 06/30/20 06/30/20 0.0000 0.0615 0.0000 0.0000 0.0000 0.0615
          03/30/20 03/31/20 03/31/20 0.0000 0.0860 0.0000 0.0000 0.4273 0.5133
          12/19/19 12/20/19 12/20/19 0.0000 0.0556 0.0000 0.0000 2.2684 2.3240
          09/27/19 09/30/19 09/30/19 0.0000 0.0637 0.0000 0.0000 0.0000 0.0637
          06/27/19 06/28/19 06/28/19 0.0000 0.0899 0.0000 0.0000 0.0000 0.0899
          03/28/19 03/29/19 03/29/19 0.0000 0.1152 0.0000 0.0000 0.9519 1.0671
          12/19/18 12/20/18 12/20/18 0.0000 0.0962 0.0000 0.0000 4.9688 5.0650
          09/27/18 09/28/18 09/28/18 0.0000 0.0879 0.0000 0.0000 0.0000 0.0879
          06/28/18 06/29/18 06/29/18 0.0000 0.1133 0.0000 0.0000 0.0000 0.1133
          03/28/18 03/29/18 03/29/18 0.0000 0.1146 0.0000 0.0296 0.6052 0.7494
          12/21/17 12/22/17 12/22/17 0.0000 0.0540 0.0000 0.0000 3.1765 3.2305
          09/28/17 09/29/17 09/29/17 0.0000 0.0850 0.0000 0.0000 0.0000 0.0850
          06/29/17 06/30/17 06/30/17 0.0000 0.1200 0.0000 0.0000 0.0000 0.1200
          03/30/17 03/31/17 03/31/17 0.0000 0.1682 0.0000 0.0243 2.2047 2.3972
          12/21/16 12/22/16 12/22/16 0.0000 0.1102 0.0000 0.0000 5.3339 5.4441
          09/29/16 09/30/16 09/30/16 0.0000 0.1180 0.0000 0.0000 0.0000 0.1180
          06/29/16 06/30/16 06/30/16 0.0000 0.1530 0.0000 0.0000 0.0000 0.1530
          03/30/16 03/31/16 03/31/16 0.0000 0.1862 0.0000 0.0000 3.3678 3.5540
          12/22/15 12/23/15 12/23/15 0.0000 0.2008 0.0000 0.0000 10.8267 11.0275
          09/29/15 09/30/15 09/30/15 0.0000 0.1990 0.0000 0.0000 0.0000 0.1990
          06/29/15 06/30/15 06/30/15 0.0000 0.2190 0.0000 0.0000 0.0000 0.2190
          03/30/15 03/31/15 03/31/15 0.0000 0.2600 0.0000 0.0000 1.0393 1.2993
          12/29/14 12/30/14 12/30/14 0.0000 0.2106 0.0000 0.0000 1.9470 2.1576
          09/29/14 09/30/14 09/30/14 0.0000 0.2060 0.0000 0.0000 0.0000 0.2060
          06/27/14 06/30/14 06/30/14 0.0000 0.2340 0.0000 0.0000 0.0000 0.2340
          03/28/14 03/31/14 03/31/14 0.0000 0.2540 0.0000 0.0000 0.0000 0.2540
          12/20/13 12/23/13 12/23/13 0.0000 0.2023 0.0000 0.0000 0.0000 0.2023
          09/27/13 09/30/13 09/30/13 0.0000 0.2020 0.0000 0.0000 0.0000 0.2020
          06/27/13 06/28/13 06/28/13 0.0000 0.2260 0.0000 0.0000 0.0000 0.2260
          03/27/13 03/28/13 03/28/13 0.0000 0.2130 0.0000 0.0000 0.0000 0.2130
          12/20/12 12/21/12 12/21/12 0.0000 0.1992 0.0000 0.0000 0.0000 0.1992
          09/27/12 09/28/12 09/28/12 0.0000 0.1670 0.0000 0.0000 0.0000 0.1670
          06/28/12 06/29/12 06/29/12 0.0000 0.1870 0.0000 0.0000 0.0000 0.1870
          04/02/12 04/03/12 04/03/12 0.0000 0.1707 0.0000 0.0000 0.0000 0.1707
          12/21/11 12/22/11 12/22/11 0.0000 0.5725 0.0000 0.0000 0.0000 0.5725
          03/23/11 03/24/11 03/24/11 0.0000 0.0063 0.0000 0.0000 0.0000 0.0063
          12/27/10 12/28/10 12/28/10 0.0000 0.4203 0.0000 0.0000 0.0000 0.4203
          03/19/10 03/22/10 03/22/10 0.0000 0.0123 0.0000 0.0000 0.0000 0.0123
          12/23/09 12/24/09 12/24/09 0.0000 0.6213 0.0000 0.0000 0.0000 0.6213
          03/25/09 03/26/09 03/26/09 0.0000 0.0192 0.0000 0.0000 0.0000 0.0192
          12/19/08 12/22/08 12/22/08 0.0000 0.7000 0.0000 0.0000 1.1923 1.8923
          03/27/08 03/28/08 03/28/08 0.0000 0.0210 0.0000 0.0071 0.0281 0.0562
          12/19/07 12/20/07 12/20/07 0.0000 0.6150 0.0000 0.0539 1.2434 1.9123
          03/28/07 03/29/07 03/29/07 0.0000 0.0236 0.0000 0.0000 0.0000 0.0236
          12/20/06 12/21/06 12/21/06 0.0000 0.6140 0.0000 0.0100 1.7390 2.3630
          03/29/06 03/30/06 03/30/06 0.0000 0.0070 0.0000 0.0000 0.0440 0.0510
          12/27/05 12/28/05 12/28/05 0.0000 0.5370 0.0000 0.0000 0.0000 0.5370
          03/30/05 03/31/05 03/31/05 0.0000 0.0077 0.0000 0.0000 0.0000 0.0077
          12/22/04 12/23/04 12/23/04 0.0000 0.5115 0.0000 0.0000 0.0000 0.5115
          03/30/04 03/31/04 03/31/04 0.0000 0.0067 0.0000 0.0000 0.0000 0.0067
          12/18/03 12/19/03 12/19/03 0.0000 0.4059 0.0000 0.0000 0.0000 0.4059
          03/25/03 03/26/03 03/26/03 0.0052 0.0000 0.0000 0.0000 0.0000 0.0052
          12/16/02 12/17/02 12/17/02 0.2940 0.0000 0.0000 0.0000 0.0000 0.2940
          03/27/02 03/28/02 03/28/02 0.0015 0.0000 0.0000 0.0000 0.0000 0.0169
          12/18/01 12/19/01 12/19/01 0.2760 0.0000 0.0000 0.0000 0.0000 0.2760
          03/27/01 03/28/01 03/28/01 0.0290 0.0000 0.0000 0.0000 0.0000 0.0290
          12/19/00 12/20/00 12/20/00 0.2800 0.0000 0.4070 0.0000 0.0000 3.0830
          03/29/00 03/30/00 03/30/00 0.0060 0.0000 0.1010 0.0000 0.0000 0.4260
          12/22/99 12/23/99 12/23/99 0.2310 0.0000 0.0000 0.0000 0.0000 0.5340
          03/30/99 03/31/99 03/31/99 0.0000 0.0000 0.0000 0.0000 0.0000 0.0030
          12/23/98 12/24/98 12/24/98 0.2270 0.0000 0.0000 0.0000 0.0000 0.2940
          09/11/98 09/14/98 09/14/98 0.0000 0.0000 0.0000 0.0000 0.0000 0.0041
          12/26/97 12/29/97 12/29/97 0.2500 0.0000 0.0000 0.0000 0.0000 0.3108
          08/21/97 08/22/97 08/22/97 0.0100 0.0000 0.0000 0.0000 0.0000 0.0100
          12/27/96 12/30/96 12/30/96 0.2500 0.0000 0.0000 0.0000 0.0000 0.2500
          12/18/95 12/19/95 12/19/95 0.3300 0.0000 0.0000 0.0000 0.0000 0.3300
          08/29/95 08/30/95 08/30/95 0.0050 0.0000 0.0000 0.0000 0.0000 0.0300
          12/13/94 12/14/94 12/14/94 0.2750 0.0000 0.0000 0.0000 0.0000 0.2825
          08/31/94 09/01/94 09/01/94 0.0020 0.0000 0.0020 0.0000 0.0000 0.0040
          12/14/93 12/15/93 12/15/93 0.2400 0.0000 0.0450 0.0000 0.0000 0.3000
          06/22/93 06/23/93 06/24/93 0.0270 0.0000 0.0030 0.0000 0.0000 0.0300
          12/21/92 12/22/92 12/23/92 0.1000 0.0000 0.0050 0.0000 0.0000 0.1500
          09/10/92 09/11/92 09/14/92 0.0250 0.0000 0.0000 0.0000 0.0000 0.0500
          See all rows...
          Literature

          Literature

          PRODUCT MATERIALS

          • Download
          • Share
          • Subscribe
          • Order
          BNY Mellon Appreciation Fund, Inc. - Quality on Defense and Offense Download
          BNY Mellon Appreciation Fund, Inc. - Investment Report Download
          BNY Mellon Appreciation Fund, Inc. - Presentation Download
          BNY Mellon Appreciation Fund, Inc. - Commentary Download
          Looking To The Long Term Download

          Factsheet, Prospectus and Reports

          • Download
          • Share
          • Subscribe
          • Order
          Factsheet Download
          Prospectus Download
          Summary Prospectus Download
          SAI Download
          Annual Report Download
          Semi Annual Report Download
          1Q Fiscal Holdings Download
          3Q Fiscal Holdings Download

          Investors should consider the investment objectives, risks, charges, and expenses of a mutual fund carefully before investing. Download a prospectus, or summary prospectus, if available, that contains this and other information about the fund, and read it carefully before investing.

          This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular investment, strategy, investment manager or account arrangement and should not serve as a primary basis for investment decisions.

          Please consult a legal, tax or investment professional in order to determine whether an investment product or service is appropriate for a particular situation.