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    BNY Mellon Technology Growth Fund

    Why invest in this Fund?

    The fund seeks capital appreciation. To pursue this goal, the fund normally invests at least 80% of its assets in the stocks of growth companies of any size that the manager believes to be leading producers or beneficiaries of technological innovation. Up to 25% of the fund's assets may be invested in foreign securities. In choosing stocks, the fund looks for technology companies with the potential for strong earnings or revenue growth rates.
    Min. Class Investment
    $1,000
    Class Inception Date
    04/15/99
    Class Status
    Not available for purchase by individual investors.
    Fund Assets
    $395,735,276  As of  06/13/24
    Class Assets
    $30,540,724  As of  06/13/24
    Portfolio Turnover Rate
    54.77% As of fiscal year end  08/31/23
    Morningstar Category
    Technology
    Benchmark
    NYSE® Technology Index
    Morningstar Overall Rating
    Fund Holdings
    40 As of 05/31/24

    Morningstar Rating™ as of May 31, 2024 for the Class I class shares; other classes may have different performance characteristics. Overall rating for the Technology category. Fund ratings are out of 5 Stars: Overall 3 Stars (227 funds rated); 3 Yrs. 3 Stars (227 funds rated); 5 Yrs. 3 Stars (200 funds rated); 10 Yrs. 3 Stars (155 funds rated).

    Portfolio Managers

    • Brian Byrnes

      Brian Byrnes, CFA

      Portfolio Manager, Newton Investment Management North America, LLC

      Managing Fund Since May 2024

      Joined Firm in 2022

      Joined Industry in 2013

    • Robert Zeuthen

      Robert Zeuthen, CFA

      Portfolio Manager, Newton Investment Management North America, LLC

      Managing Fund Since 2022

      Joined Firm in 2006

      Joined Industry in 1990


    Total Returns

    Average Annual
    As of 05/31/24
    Name 3 MO
    05/31/24
    YTD
    05/31/24
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Technology Growth Fund
    DGVRX
    -0.10 11.91 36.10 1.55 15.78 14.74 10.78
    NYSE® Technology Index
    1.60 11.19 40.92 7.88 23.13 18.89 -
    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 Technology Growth Fund
    DGVRX
    14.50 14.50 52.11 3.49 15.09 14.66 10.94
    NYSE® Technology Index
    11.19 11.19 51.44 8.97 21.72 19.03 -

    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 NYSE® Technology Index is an equal-dollar weighted index designed to objectively represent the technology sector by holding 35 of the leading U.S. technology-related companies. 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 April 15, 1999, 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

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


      Prospectus Fee Table Expense Ratios

      As of  12/29/23 Fee Description Expense Ratio (%)
      Management Fee 0.75%
      Other Expenses 0.28%
      Total Expenses 1.03%
      Net Expenses 1.03%
      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 Manager/Sub-Investment Adviser

      The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). Newton Investment Management North America, LLC (NIMNA), the fund's sub-adviser, 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, including, but not limited to, portfolio management services. NIM is subject to the supervision of NIMNA and BNYM Investment Adviser. NIM is also an affiliate of BNYM Investment Adviser. Robert C. Zeuthen and Brian Byrnes are the fund's primary portfolio managers, positions they have held since March 2022 and May 2024, respectively. Messrs. Zeuthen and Byrnes are jointly and primarily responsible for managing the fund's portfolio. Mr. Zeuthen is a research analyst at NIMNA and has been employed by NIMNA or a predecessor company of NIMNA since 2006. Mr. Byrnes is a research analyst at NIMNA and has been employed by NIMNA since 2022. Prior to joining NIMNA, Mr. Byrnes was a research analyst, among other positions, at Eaton Vance from 2018 to 2022

      Top Holdings

      As of 05/31/24

      Asset Allocation


          Daily Statistics

          As of 06/13/24 Name NAV Change 06/12/24  12 Month 
          High Nav
          10/26/23  12 Month 
          Low Nav
          YTD Return
          DGVRX
          $74.98
          -$0.26
          -0.35%
          $75.24 $48.93 20.32%

          Performance Metrics

          Overall Morningstar Rating


          MORNINGSTAR CATEGORY Technology


          Morningstar Rating™ as of 05/31/24 for the Class I shares; other classes may have different performance characteristics. Overall rating for the Technology. Fund ratings are out of 5 Stars: Overall 3 Stars (227 funds rated); 3 Yrs. 3 Stars (227 funds rated); 5 Yrs. 3 Stars (200 funds rated); 10 Yrs. 3 Stars (155 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
            70 out of 185
          • 3 Year
            125 out of 165
          • 5 Year
            102 out of 148
          • 10 Year
            75 out of 125

          LIPPER CLASSIFICATION Science & Technology Funds


          Lipper Category returns and rankings as of 05/31/24, 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.
          The technology sector involves special risks, such as the faster rate of change and obsolescence of technological advances, and has been among the most volatile sectors of the stock market.

          Risk Metrics

          As of  05/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DGVRX
          28.41 -2.31 1.45 72.76 0.08

          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 MSCI ACWI 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.


          Dividend Schedule

          Declared
          Annually
          Distributed
          Annually
          Paid
          Annually
          Fiscal Year End
          Aug 31
          Year Dividend ($) Capital Gains ($)
          2021 0.0000 12.8795
          2020 0.0000 3.6766
          2019 0.0000 6.8131
          2018 0.0000 11.2834
          2017 0.0000 4.8540
          2016 0.0000 3.8502
          2015 0.0000 2.5838
          2014 0.0000 7.7359
          2013 0.0000 0.8369
          1999 0.0000 0.2510

          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
          12/07/21 12/08/21 12/08/21 0.0000 0.0000 4.5612 0.1552 8.1631 12.8795
          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
          12/07/20 12/08/20 12/08/20 0.0000 0.0000 0.0000 0.0000 3.6766 3.6766
          12/09/19 12/10/19 12/10/19 0.0000 0.0000 0.0000 0.0000 6.8131 6.8131
          12/10/18 12/11/18 12/11/18 0.0000 0.0000 0.2943 0.4709 10.5182 11.2834
          12/11/17 12/12/17 12/12/17 0.0000 0.0000 0.4808 0.3692 4.0040 4.8540
          12/12/16 12/13/16 12/13/16 0.0000 0.0000 0.0000 0.0000 3.8502 3.8502
          12/16/15 12/17/15 12/17/15 0.0000 0.0000 0.0000 0.1332 2.4506 2.5838
          12/16/14 12/17/14 12/17/14 0.0000 0.0000 0.8238 0.3704 6.5417 7.7359
          12/03/13 12/04/13 12/04/13 0.0000 0.0000 0.0000 0.0000 0.8369 0.8369
          12/08/99 12/09/99 12/09/99 0.0000 0.0000 0.2410 0.0000 0.0000 0.2510

          Literature

          PRODUCT MATERIALS

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          BNY Mellon Technology Growth Fund - Presentation Download

          Factsheet, Prospectus and Reports

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          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.

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