BNY Mellon Balanced Opportunity Fund
- TICKER DBOAX
- Fund Code 6000
- CUSIP 09662F106
- SHARE CLASS
-
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Why invest in this Fund?
The fund seeks high total return through a combination of capital appreciation and current income. To pursue this goal, the fund invests in a diversified mix of stocks and fixed-income securities. The fund selects securities that, in the portfolio managers' judgment, will result in the highest total return consistent with preservation of principal. The fund normally will allocate between 25% and 50% of its assets to fixed-income securities.
Morningstar Rating™ as of February 28, 2023 for the Class A class shares; other classes may have different performance characteristics. Overall rating for the Allocation--50% to 70% Equity category. Fund ratings are out of 5 Stars: Overall 3 Stars (683 funds rated); 3 Yrs. 3 Stars (683 funds rated); 5 Yrs. 3 Stars (655 funds rated); 10 Yrs. 3 Stars (485 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.
Portfolio Managers
-
John Porter
CIO, Head of Equity, Newton Investment Management North America, LLC
1 yr(s). on fund
-
John Bailer, CFA
Deputy Head of Equity Income, Portfolio Manager, Newton Investment Management North America, LLC
7 yr(s). on fund
-
Karen Behr
Portfolio Manager,
1 yr(s). on fund
-
David R. Bowser, CFA
Senior Portfolio Manager, Insight North America, LLC
14 yr(s). on fund
-
James Stavena, CFA
Portfolio Manager, Newton Investment Management North America, LLC
Since June 2022
-
Brian C. Ferguson
Portfolio Manager, Newton Investment Management North America, LLC
16 yr(s). on fund
-
Keith Howell
Portfolio Manager,
1 yr(s). on fund
-
Matthew T. Jenkin
Research Analyst, Newton Investment Management North America, LLC
2 yr(s). on fund
-
James A. Lydotes, CFA
Deputy CIO, Newton Investment Management North America, LLC
6 yr(s). on fund
-
Torrey Zaches, CFA
Portfolio Manager, Newton Investment Management North America, LLC
4 yr(s). on fund
Total Returns
Month End
Average Annual As of 02/28/23 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 02/28/23 |
YTD 02/28/23 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Balanced Opportunity Fund
DBOAX |
0.37 | 3.76 | -7.64 | 5.51 | 4.77 | 6.76 | 7.76 |
Customized Blended Index (Balanced Opportunity)
|
-1.35 | 2.38 | -8.16 | 5.90 | 6.39 | 7.93 | - |
Quarter End
Average Annual As of 12/31/22 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 12/31/22 |
YTD 12/31/22 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Balanced Opportunity Fund
DBOAX |
7.01 | -15.93 | -15.93 | 2.06 | 4.10 | 6.84 | 7.69 |
Customized Blended Index (Balanced Opportunity)
|
5.39 | -15.79 | -15.79 | 3.83 | 5.96 | 8.08 | - |
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. The Bloomberg Barclays U.S. Aggregate Bond Index is a broad-based flagship benchmark that measures the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM pass-throughs), ABS and CMBS (agency and nonagency). Investors cannot invest directly in any index.
The total return performance figures presented for Class A shares of the fund represent the performance of the fund's Class J for periods prior to January 30, 2004, the inception date for Class A shares, and the performance of Class A, 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
Yearly
Investment return fluctuates and past performance is no guarantee of future results.
Prospectus Fee Table Expense Ratios
As of 03/31/22 Fee Description | Expense Ratio (%) |
---|---|
Management Fee | 0.80% |
Service Fee | 0.25% |
Other Expenses | 0.17% |
Total Expenses | 1.22% |
Expenses Reimbursed | 0.07% |
Net Expenses | 1.15% |
The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until March 31, 2023, 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 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 March 31, 2023, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.
Sales Charge
There is a 1% CDSC for purchases of $1,000,000 and over if redeemed within one year of purchase.
Portfolio Manager/Sub-Investment Adviser
Asset Allocation
Daily Statistics
As of 03/17/23 Name | NAV | Change |
04/04/22 12 Month High Nav |
10/14/22 12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|
DBOAX
|
$20.60 |
-$0.08
-0.39%
|
$23.96 | $19.46 | 3.21% |
Performance Metrics
Overall Morningstar Rating
MORNINGSTAR CATEGORY Allocation--50% to 70% Equity
Morningstar Rating™ as of 02/28/23 for the Class A shares; other classes may have different performance
characteristics. Overall rating for the Allocation--50% to 70% Equity. Fund ratings are out of 5 Stars: Overall
3 Stars (683 funds rated); 3 Yrs.
3 Stars (683 funds rated); 5 Yrs.
3 Stars (655 funds rated); 10 Yrs.
3 Stars (485 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
222 out of 476 -
3 Year
301 out of 435 -
5 Year
248 out of 419 -
10 Year
194 out of 338
LIPPER CLASSIFICATION Mixed-Asset Target Alloc Growth Funds
Main Risks
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.
Bonds are subject to interest rate, credit, liquidity, call and market risks, to varying degrees. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines.
Recent market risks include pandemic risks related to COVID-19. The effects of COVID-19 have contributed to increased volatility in global markets and will likely affect certain countries, companies, industries and market sectors more dramatically than others. To the extent the fund may overweight its investments in certain countries, companies, industries or market sectors, such positions will increase the fund's exposure to risk of loss from adverse developments affecting those countries, companies, industries or sectors.
Risk Metrics
As of 02/28/23 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
---|---|---|---|---|---|
DBOAX
|
15.79 | 0.86 | 1.10 | 94.82 | 0.35 |
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 Morningstar Moderate Target Risk Index.
Dividend Schedule
Year | Dividend ($) | Capital Gains ($) |
---|---|---|
2022 | 0.1668 | 0.9749 |
2021 | 0.0551 | 3.0304 |
2020 | 0.1613 | 0.8030 |
2019 | 0.3016 | 0.4717 |
2018 | 0.2561 | 1.6300 |
2017 | 0.2040 | 0.9310 |
2016 | 0.2330 | 0.0000 |
2015 | 0.1880 | 0.9769 |
2014 | 0.1830 | 1.7169 |
2013 | 0.1850 | 0.2787 |
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 |
Reinvest NAV |
---|---|---|---|---|---|---|---|---|---|
12/13/22 | 12/14/22 | 12/14/22 | 0.0000 | 0.1554 | 0.0000 | 0.0000 | 0.7576 | 0.9130 | 20.57 |
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 |
Reinvest NAV |
---|---|---|---|---|---|---|---|---|---|
03/28/22 | 03/29/22 | 03/29/22 | 0.0114 | 0.0000 | - | 0.0000 | 0.2173 | 0.2287 | - |
12/14/21 | 12/15/21 | 12/15/21 | 0.0398 | 0.0153 | 0.4451 | 0.1712 | 2.2887 | 2.9601 | - |
03/26/21 | 03/29/21 | 03/29/21 | - | 0.0000 | 0.0313 | 0.0000 | 0.0941 | 0.1254 | - |
12/15/20 | 12/16/20 | 12/16/20 | 0.0675 | 0.0938 | 0.0835 | 0.1160 | 0.4988 | 0.8596 | - |
03/24/20 | 03/25/20 | 03/25/20 | 0.0000 | 0.0000 | 0.0110 | 0.0042 | 0.0895 | 0.1047 | - |
12/30/19 | 12/31/19 | 12/31/19 | 0.0000 | 0.3016 | 0.0000 | 0.0199 | 0.3912 | 0.7127 | - |
03/19/19 | 03/20/19 | 03/20/19 | 0.0000 | 0.0000 | 0.0013 | 0.0000 | 0.0593 | 0.0606 | - |
12/28/18 | 12/31/18 | 12/31/18 | 0.1055 | 0.1506 | 0.0991 | 0.1414 | 1.3895 | 1.8861 | - |
12/28/17 | 12/29/17 | 12/29/17 | 0.0591 | 0.1449 | 0.0475 | 0.1165 | 0.7670 | 1.1350 | - |
12/29/16 | 12/30/16 | 12/30/16 | 0.0000 | 0.2330 | 0.0000 | 0.0000 | 0.0000 | 0.2330 | - |
12/30/15 | 12/31/15 | 12/31/15 | 0.0000 | 0.1880 | 0.0000 | 0.0000 | 0.9769 | 1.1649 | - |
12/30/14 | 12/31/14 | 12/31/14 | 0.0548 | 0.1282 | 0.0554 | 0.1295 | 1.5320 | 1.8999 | - |
See all rows... |
Literature
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