Please ensure Javascript is enabled for purposes of website accessibility

    BNY Mellon Balanced Opportunity Fund

    Overview

    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.

    Min. class investment
    $1,000
    Class Inception Date
    01/30/04
    Fund Assets
    $267,776,842  As of  09/22/23
    Class Assets
    $205,885,995  As of  09/22/23
    Portfolio Turnover Rate
    68.43% As of fiscal year end  11/30/22
    Morningstar Category
    Moderate Allocation
    Benchmark
    Customized Blended Index (Balanced Opportunity)
    Morningstar Overall Rating
    Fund Holdings
    550 As of 08/31/23

    Morningstar Rating™ as of August 31, 2023 for the Class A class shares; other classes may have different performance characteristics. Overall rating for the Moderate Allocation category. Fund ratings are out of 5 Stars: Overall 3 Stars (686 funds rated); 3 Yrs. 3 Stars (686 funds rated); 5 Yrs. 3 Stars (653 funds rated); 10 Yrs. 3 Stars (487 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

      John Porter

      CIO, Head of Equity, Newton Investment Management North America, LLC

      1 yr(s). on fund
    • John Bailer

      John Bailer, CFA

      Deputy Head of Equity Income, Portfolio Manager, Newton Investment Management North America, LLC

      7 yr(s). on fund
    • Karen Miki Behr

      Karen Miki Behr

      Portfolio Manager, Newton Investment Management North America, LLC

      2 yr(s). on fund
    • James Stavena

      James Stavena, CFA

      Portfolio Manager, Newton Investment Management North America, LLC

      1 yr(s). on fund
    • Brian C. Ferguson

      Brian C. Ferguson

      Portfolio Manager, Newton Investment Management North America, LLC

      16 yr(s). on fund
    • Keith Howell

      Keith Howell

      Portfolio Manager,

      2 yr(s). on fund
    • James A. Lydotes

      James A. Lydotes, CFA

      Deputy CIO, Newton Investment Management North America, LLC

      6 yr(s). on fund
    • Torrey Zaches

      Torrey Zaches, CFA

      Portfolio Manager, Newton Investment Management North America, LLC

      4 yr(s). on fund
    • Martin Chambers

      Martin Chambers

      Portfolio Manager, Newton Investment Management North America, LLC

      Since September 2023
    • Howard Cunningham

      Howard Cunningham

      Portfolio Manager, Newton

      Since September 2023
    Performance

    Total Returns

    Click here to see SALES CHARGE  Max Sales Charge:  5.75%  Front End Load

    Month End

    Average Annual
    As of 08/31/23
    Name 3 MO
    08/31/23     		YTD
    08/31/23     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Balanced Opportunity Fund
    DBOAX
    		4.47 12.09 11.42 5.09 5.30 7.01 7.88
    Customized Blended Index (Balanced Opportunity)
    		4.51 11.55 9.04 4.57 7.14 8.41 -

    Quarter End

    Average Annual
    As of 06/30/23
    Name 3 MO
    06/30/23     		YTD
    06/30/23     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Balanced Opportunity Fund
    DBOAX
    		4.27 11.03 13.79 7.68 6.06 7.08 7.89
    Customized Blended Index (Balanced Opportunity)
    		4.86 10.81 11.24 7.09 7.94 8.45 -

    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. 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

    Past performance is no guarantee of future results.

    Historical Performance

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

      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  03/31/23 Fee Description Expense Ratio (%)
      Management Fee 0.80%
      Service Fee 0.25%
      Other Expenses 0.19%
      Total Expenses 1.24%
      Expenses Reimbursed 0.09%
      Net Expenses 1.15%
      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 March 31, 2024, 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 .90%.  On or after March 31, 2024, 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

      Portfolio Manager/Sub-Investment Adviser

      The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). BNYM Investment Adviser has engaged its affiliate, Newton Investment Management North America, LLC (NIMNA), to serve as the fund's sub-adviser responsible for overall asset allocation for the fund and for the fund's assets allocated to equity investments, and its affiliate, Insight North America LLC (INA), to serve as the fund's sub-adviser responsible for the fund's assets allocated to fixed income investments. NIMNA has entered into a sub sub-investment advisory agreement with its affiliate, Newton Investment Management Limited (NIM), to enable NIM to provide certain advisory services to NIMNA for the benefit of the fund. Torrey Zaches, CFA and James Stavena are the fund's primary portfolio managers responsible for overall asset allocation for the fund, positions they have held since November 2018 and June 2022, respectively. Messrs. Zaches and Stavena are employed by NIMNA. Mr. Zaches is a portfolio manager at NIMNA. Mr. Stavena is Head of Portfolio Management, Multi Asset Solutions at NIMNA. Messrs. Zaches and Stavena allocate the fund's assets among equity portfolio managers employed by NIMNA and fixed income portfolio managers employed by INA. The fund's primary portfolio managers responsible for the portion of the fund's assets allocated to equity investments (and when they first held such position) are: Brian C. Ferguson (March 2007), John C. Bailer, CFA (December 2015), James A. Lydotes, CFA (September 2016), Karen Behr (September 2021), Keith Howell (September 2021) and John R. Porter III (October 2021). Howard Cunningham and Martin Chambers are the fund's primary portfolio managers responsible for the portion of the fund's assets allocated to fixed-income investments, positions they have held since September 2023.

      Top Holdings

      Download Total Holdings
      As of 08/31/23

      Asset Allocation

          Stats & Risks

          Daily Statistics

          As of 09/22/23 Name NAV Change 07/31/23  12 Month 
          High Nav           		10/14/22  12 Month 
          Low Nav           		YTD Return
          DBOAX
          		$21.47
          $0.01
          0.05%
          		$22.44 $19.46 8.35%

          Performance Metrics

          Overall Morningstar Rating

          MORNINGSTAR CATEGORY Moderate Allocation

          Morningstar Rating™ as of 08/31/23 for the Class A shares; other classes may have different performance characteristics. Overall rating for the Moderate Allocation. Fund ratings are out of 5 Stars: Overall 3 Stars (686 funds rated); 3 Yrs. 3 Stars (686 funds rated); 5 Yrs. 3 Stars (653 funds rated); 10 Yrs. 3 Stars (487 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
            64 out of 472
          • 3 Year
            189 out of 437
          • 5 Year
            261 out of 418
          • 10 Year
            188 out of 340

          LIPPER CLASSIFICATION Mixed-Asset Target Alloc 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.
          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.

          Risk Metrics

          As of  08/31/23  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DBOAX
          		13.30 2.19 1.05 92.69 0.30

          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.


          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
          Nov 30
          Year Dividend ($) Capital Gains ($)
          2023 0.0000 0.1507
          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

          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
          03/27/23 03/28/23 03/28/23 - 0.0000 - 0.0000 0.1507 0.1507 20.63
          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 -
          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 -
          12/30/13 12/31/13 12/31/13 0.0000 0.1850 0.0000 0.0000 0.2787 0.4637 -
          12/28/12 12/31/12 12/31/12 0.0000 0.2340 0.0000 0.0000 0.0000 0.2340 -
          12/29/11 12/30/11 12/30/11 0.0008 0.2332 0.0000 0.0000 0.0000 0.2340 -
          12/30/10 12/31/10 12/31/10 0.0035 0.2335 0.0000 0.0000 0.0000 0.2370 -
          12/30/09 12/31/09 12/31/09 0.0341 0.2209 0.0000 0.0000 0.0000 0.2550 -
          12/30/08 12/31/08 12/31/08 0.0940 0.2880 0.0000 0.0000 0.0000 0.3820 -
          12/28/07 12/31/07 12/31/07 0.1968 0.1972 0.1009 0.1011 2.9350 3.5310 -
          12/28/06 12/29/06 12/29/06 0.0005 0.3225 0.0000 0.0000 0.0000 0.3230 -
          06/28/06 06/29/06 06/29/06 0.0000 0.0000 0.0000 0.0000 0.0036 0.0036 -
          12/29/05 12/30/05 12/30/05 0.0007 0.2923 0.0000 0.0000 0.1520 0.4450 -
          12/29/04 12/30/04 12/30/04 0.0134 0.1748 0.0000 0.0000 0.1167 0.3049 -
          See all rows...
          Literature

          Literature

          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.