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    BNY Mellon U.S. Equity Fund

    Overview

    Why invest in this Fund?

    The fund seeks long-term total return. To pursue this goal, the fund normally invests at least 80% of its net assets in equity securities of companies located in the United States. The fund may invest in the securities of companies of any market capitalization. The fund's sub-investment adviser, Walter Scott & Partners Limited (Walter Scott), seeks investment opportunities in companies with fundamental strengths that indicate the potential for sustainable growth. Walter Scott does not use benchmark indices as a tool for active portfolio management.
    Min. class investment
    $1,000
    Class Inception Date
    05/30/08
    Class Status
    Not available for purchase by individual investors.
    Fund Assets
    $255,377,786  As of  09/22/23
    Class Assets
    $17,614,021  As of  09/22/23
    Portfolio Turnover Rate
    10.61% As of fiscal year end  11/30/22
    Morningstar Category
    Large Growth
    Benchmark
    MSCI USA Index
    Morningstar Overall Rating
    Fund Holdings
    49 As of 08/31/23

    Morningstar Rating™ as of August 31, 2023 for the Class I 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 (1122 funds rated); 3 Yrs. 4 Stars (1122 funds rated); 5 Yrs. 3 Stars (1035 funds rated); 10 Yrs. 2 Stars (803 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

    • Jane Henderson

      Jane Henderson

      Portfolio Manager, Walter Scott & Partners Limited

      15 yr(s). on fund
    • Roy Leckie

      Roy Leckie

      Portfolio Manager, Walter Scott & Partners Limited

      15 yr(s). on fund
    • Charlie Macquaker

      Charlie Macquaker

      Portfolio Manager, Walter Scott & Partners Limited

      15 yr(s). on fund
    • Fraser Fox

      Fraser Fox, CFA

      Investment Manager, Walter Scott & Partners Limited

      1 yr(s). on fund
    • Maxim Skorniakov

      Maxim Skorniakov, CFA

      Investment Manager, Walter Scott & Partners Limited

      1 yr(s). on fund
    Performance

    Total Returns

    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 U.S. Equity Fund
    DPUIX
    		5.05 15.03 16.31 8.22 8.89 10.62 9.60
    MSCI USA Index
    		8.35 18.73 15.19 9.39 10.48 12.09 -

    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 U.S. Equity Fund
    DPUIX
    		6.18 16.92 22.51 12.02 10.66 11.15 9.83
    MSCI USA Index
    		8.60 16.84 18.98 13.59 11.61 12.16 -

    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 MSCI USA Index is designed to measure the performance of the large- and mid-cap segments of the U.S. 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

      Not available for purchase by individual investors.

       

      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 0.75%
      Other Expenses 0.08%
      Total Expenses 0.83%
      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.
      Portfolio

      Portfolio Manager/Sub-Investment Adviser

      The fund's investment adviser is BNY Mellon Investment Adviser, Inc., BNY Mellon Investment Adviser, Inc. has engaged its affiliate, Walter Scott & Partners Limited, to serve as the fund's subinvestment adviser. Investment decisions for the fund have been made since the fund's inception in 2008 by Walter Scott's Investment Team, which is overseen by Walter Scott's Investment Management Committee (IMC). The members of the Investment Team with the most significant responsibility for day-to-day management of the fund, who also are the members of Walter Scott's Investment Executive group are: Roy Leckie, a director of Walter Scott and co-chair of the IMC; Charlie Macquaker, a director of Walter Scott and co-chair of the IMC; Jane Henderson, Managing Director of Walter Scott; Fraser Fox, CFA, an investment manager at Walter Scott; and Maxim Skorniakov, CFA, an investment manager at Walter Scott.

      Top Holdings

      Download Total Holdings
      As of 08/31/23

      Asset Allocation

          Stats & Risks

          Daily Statistics

          As of 09/22/23 Name NAV Change 12/02/22  12 Month 
          High Nav           		12/28/22  12 Month 
          Low Nav           		YTD Return
          DPUIX
          		$17.71
          -$0.01
          -0.06%
          		$22.43 $17.17 7.62%

          Performance Metrics

          Overall Morningstar Rating

          MORNINGSTAR CATEGORY Large Growth

          Morningstar Rating™ as of 08/31/23 for the Class I shares; other classes may have different performance characteristics. Overall rating for the Large Growth. Fund ratings are out of 5 Stars: Overall 3 Stars (1122 funds rated); 3 Yrs. 4 Stars (1122 funds rated); 5 Yrs. 3 Stars (1035 funds rated); 10 Yrs. 2 Stars (803 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
            193 out of 424
          • 3 Year
            49 out of 390
          • 5 Year
            170 out of 364
          • 10 Year
            180 out of 270

          LIPPER CLASSIFICATION Multi-Cap 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.

          Risk Metrics

          As of  08/31/23  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DPUIX
          		19.22 -2.30 1.04 93.00 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
          Annually
          Distributed
          Annually
          Paid
          Annually
          Fiscal Year End
          Nov 30
          Year Dividend ($) Capital Gains ($)
          2023 0.0000 1.0590
          2022 0.0271 4.6479
          2021 0.0098 2.9473
          2020 0.0869 0.2005
          2019 0.1129 0.1874
          2018 0.1070 1.8975
          2017 0.1210 2.1677
          2016 0.1454 1.3967
          2015 0.1906 2.6313
          2014 0.1701 0.9449

          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 1.0590 1.0590 17.54
          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
          12/12/22 12/13/22 12/13/22 0.0101 0.0170 0.0000 0.0000 4.0231 4.0502 -
          03/28/22 03/29/22 03/29/22 - 0.0000 0.1658 0.0000 0.4590 0.6248 -
          12/13/21 12/14/21 12/14/21 0.0005 0.0093 0.0142 0.2606 2.6234 2.9080 -
          03/26/21 03/29/21 03/29/21 - 0.0000 - 0.0093 0.0398 0.0491 -
          12/11/20 12/14/20 12/14/20 0.0000 0.0869 0.0000 0.0003 0.2002 0.2874 -
          12/30/19 12/31/19 12/31/19 0.0000 0.1129 0.0000 0.0000 0.1874 0.3003 -
          12/28/18 12/31/18 12/31/18 0.0000 0.1070 0.0000 0.0000 1.8975 2.0045 -
          12/28/17 12/29/17 12/29/17 0.0035 0.1175 0.0046 0.1530 2.0101 2.2887 -
          12/29/16 12/30/16 12/30/16 0.0000 0.1454 0.0000 0.0006 1.3961 1.5421 -
          12/30/15 12/31/15 12/31/15 0.0000 0.1906 0.0000 0.0810 2.5503 2.8219 -
          12/30/14 12/31/14 12/31/14 0.0000 0.1701 0.0000 0.0588 0.8861 1.1150 -
          12/30/13 12/31/13 12/31/13 0.0000 0.1201 0.0000 0.0000 0.0808 0.2009 -
          12/27/12 12/28/12 12/28/12 0.0000 0.1540 0.0000 0.0000 0.0000 0.1540 -
          12/28/11 12/29/11 12/29/11 0.0000 0.0700 0.0000 0.0000 0.0000 0.0700 -
          12/29/10 12/30/10 12/30/10 0.0044 0.0174 0.0121 0.0476 0.0000 0.0815 -
          12/29/09 12/30/09 12/30/09 0.0000 0.0420 0.0000 0.0000 0.0000 0.0420 -
          12/30/08 12/31/08 12/31/08 0.0000 0.0450 0.0000 0.0000 0.0000 0.0450 -
          See all rows...
          Literature

          Literature

          Factsheet, Prospectus and Reports

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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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