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    BNY Mellon Opportunistic Midcap Value Fund

    Overview

    Why invest in this Fund?

    The fund seeks to surpass the performance of the Russell Midcap® Value Index. To pursue this goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of mid-cap companies. The fund currently considers mid-cap companies to be those with market capitalizations, at the time of purchase, within the market capitalization range of companies comprising the Russell Midcap® Value Index. The fund's portfolio managers identify potential investments through extensive quantitative and fundamental research. The fund focuses on individual stock selection (a "bottom-up" approach), emphasizing three key factors: relative value, business health, and business momentum.
    Min. class investment
    $1,000
    Class Inception Date
    09/29/95
    Fund Assets
    $382,951,815  As of  09/22/23
    Class Assets
    $275,046,307  As of  09/22/23
    Portfolio Turnover Rate
    28.31% As of fiscal year end  08/31/22
    Morningstar Category
    Mid-Cap Blend
    Benchmark
    Russell Midcap Value Index
    Morningstar Overall Rating
    Fund Holdings
    63 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 Mid-Cap Blend category. Fund ratings are out of 5 Stars: Overall 3 Stars (382 funds rated); 3 Yrs. 3 Stars (382 funds rated); 5 Yrs. 3 Stars (357 funds rated); 10 Yrs. 2 Stars (238 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

    • Patrick Kent

      Patrick Kent, CFA

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

      4 yr(s). on fund
    • Andrew Leger

      Andrew Leger

      Portfolio Manager, Mellon Investments Corporation

      2 yr(s). on fund
    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 Opportunistic Midcap Value Fund
    DMCVX
    		9.57 6.58 6.56 10.26 5.92 8.12 11.22
    Russell Midcap Value Index
    		9.39 5.93 5.65 12.07 6.12 8.93 -

    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 Opportunistic Midcap Value Fund
    DMCVX
    		4.77 4.13 9.41 12.92 6.28 8.16 11.20
    Russell Midcap Value Index
    		3.86 5.23 10.50 15.04 6.84 9.03 -

    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® Value Index measures the performance of the mid-cap value segment of the U.S. equity universe. It includes those Russell Midcap® Index companies that are considered more value-oriented relative to the overall market as defined by Russell’s leading style methodology. The Russell Midcap® Value Index is constructed to provide a comprehensive and unbiased barometer of the mid-cap value market. The index is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true mid-cap value market. Investors cannot invest directly in any index.


    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

       

      Yearly Total Return

      Yearly

      Fees & Expenses

      Prospectus Fee Table Expense Ratios

      As of  12/30/22 Fee Description Expense Ratio (%)
      Management Fee 0.75%
      Service Fee 0.25%
      Other Expenses 0.14%
      Total Expenses 1.14%
      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.

      Sales Charge

      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. 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. Investment decisions for the fund are made by a team of investment professionals employed by NIMNA. The team members who are jointly and primarily responsible for managing the fund's portfolio are Patrick Kent, CFA, CMT and Andrew Leger. Mr. Kent has served as lead portfolio manager of the fund since March 2019. Mr. Leger has been a portfolio manager of the fund since September 2021. Mr. Kent is Deputy Head of Equity Opportunities and a portfolio manager at Newton. Mr. Leger is a portfolio manager at NIMNA.

      Top Holdings

      Download Total Holdings
      As of 08/31/23

      Asset Allocation

          Stats & Risks

          Daily Statistics

          As of 09/22/23 Name NAV Change 12/01/22  12 Month 
          High Nav           		03/17/23  12 Month 
          Low Nav           		YTD Return
          DMCVX
          		$28.93
          -$0.10
          -0.34%
          		$30.94 $26.13 3.92%

          Performance Metrics

          Overall Morningstar Rating

          MORNINGSTAR CATEGORY Mid-Cap Blend

          Morningstar Rating™ as of 08/31/23 for the Class A 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 (382 funds rated); 3 Yrs. 3 Stars (382 funds rated); 5 Yrs. 3 Stars (357 funds rated); 10 Yrs. 2 Stars (238 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
            234 out of 354
          • 3 Year
            242 out of 336
          • 5 Year
            201 out of 318
          • 10 Year
            146 out of 221

          LIPPER CLASSIFICATION Mid-Cap Core 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.
          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  08/31/23  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DMCVX
          		18.18 0.89 0.89 74.87 0.52

          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
          Aug 31
          Year Dividend ($) Capital Gains ($)
          2022 0.0800 1.8222
          2021 0.0055 4.1287
          2020 0.0327 0.0000
          2019 0.0680 0.0000
          2018 0.0000 6.9275
          2017 0.0000 4.3746
          2016 0.0065 1.5001
          2015 0.0000 6.1013
          2014 0.0480 4.3436
          2013 0.0000 4.2548

          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
          12/07/22 12/08/22 12/08/22 0.0000 0.0800 0.0000 0.0000 1.8222 1.9022 28.09
          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
          12/07/21 12/08/21 12/08/21 0.0000 0.0055 0.0000 0.0000 4.1287 4.1342 -
          12/07/20 12/08/20 12/08/20 0.0000 0.0325 0.0000 0.0000 0.0000 0.0325 -
          03/25/20 03/26/20 03/26/20 0.0000 0.0002 0.0000 0.0000 0.0000 0.0002 -
          12/09/19 12/10/19 12/10/19 0.0000 0.0680 0.0000 0.0000 0.0000 0.0680 -
          12/10/18 12/11/18 12/11/18 0.0000 0.0000 2.7974 0.4080 3.7221 6.9275 -
          12/11/17 12/12/17 12/12/17 0.0000 0.0000 0.7383 0.4191 3.2172 4.3746 -
          12/12/16 12/13/16 12/13/16 0.0000 0.0065 0.0000 0.2311 1.2690 1.5066 -
          12/14/15 12/15/15 12/15/15 0.0000 0.0000 0.0000 0.5587 5.5426 6.1013 -
          12/03/14 12/04/14 12/04/14 0.0265 0.0215 0.6065 0.4924 3.2447 4.3916 -
          12/03/13 12/04/13 12/04/13 0.0000 0.0000 0.1916 0.2886 3.7746 4.2548 -
          12/21/12 12/24/12 12/24/12 0.0000 0.0620 0.0000 0.0000 0.0000 0.0620 -
          05/10/12 05/11/12 05/11/12 0.0130 0.0000 0.0000 0.0000 0.0000 0.0130 -
          12/15/11 12/16/11 12/16/11 0.0594 0.1586 0.1115 0.2973 4.4916 5.1184 -
          12/09/09 12/10/09 12/10/09 0.0000 0.0690 0.0000 0.0000 0.0000 0.0690 -
          12/09/08 12/10/08 12/10/08 0.0000 0.0320 0.0000 0.0000 0.0000 0.0320 -
          12/07/07 12/10/07 12/10/07 0.0453 0.0067 2.8239 0.4197 2.4244 5.7200 -
          12/08/06 12/11/06 12/11/06 0.0308 0.0282 0.3743 0.3432 2.1645 2.9410 -
          12/13/05 12/14/05 12/14/05 0.0000 0.0000 0.4237 0.1513 2.8060 3.3810 -
          12/07/01 12/10/01 12/10/01 0.0000 0.0000 1.7100 0.0000 0.0000 1.7100 -
          12/01/00 12/04/00 12/04/00 0.0000 0.0000 2.9120 0.0000 0.0000 3.2800 -
          12/06/99 12/07/99 12/07/99 0.0000 0.0000 1.2400 0.0000 0.0000 1.2400 -
          12/03/98 12/04/98 12/04/98 0.0000 0.0000 1.6900 0.0000 0.0000 1.7820 -
          12/04/97 12/05/97 12/05/97 0.0000 0.0000 1.0300 0.0000 0.0000 1.0450 -
          12/06/96 12/09/96 12/09/96 0.0400 0.0000 1.7500 0.0000 0.0000 1.7900 -
          12/11/95 12/12/95 12/12/95 0.0350 0.0000 0.0150 0.0000 0.0000 0.0500 -
          See all rows...
          Literature

          Literature

          PRODUCT MATERIALS

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          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.

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