BNY Mellon Opportunistic Midcap Value Fund

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
05/30/08
Fund Assets
$565,760,662  As of  08/23/19
Class Assets
$29,086,867  As of  08/23/19
Portfolio Turnover Rate
100.55%  As of fiscal year end  08/31/18
Morningstar Category
Mid-Cap Blend
Benchmark
Russell Midcap Value Index
Fund Holdings
70  As of  07/31/19

Morningstar Rating™ as of July 31, 2019 for the Class C 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 2 Stars (359 funds rated); 3 Yrs. 2 Stars (359 funds rated); 5 Yrs. 1 Stars (312 funds rated); 10 Yrs. 2 Stars (233 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. ©2018 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

  • Duncan, Brian R.

    Brian R. Duncan

    Senior Research Analyst, Mellon Investments Corporation

    2 yr(s). on fund

  • Boyd, James

    James Boyd

    Portfolio Manager, Mellon Investments Corporation

    11 yr(s). on fund

  • Dutile, Dale

    Dale Dutile

    Portfolio Manager, Mellon Investments Corporation

    11 yr(s). on fund

  • Kent, Patrick

    Patrick Kent

    Portfolio Manager, Mellon

    0 yr(s). on fund


Click here to see SALES CHARGE  Max Sales Charge:  1.00% CDSC Load
As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Opportunistic Midcap Value Fund
DVLCX
-7.75 6.29 3.82 10.85 11.12 05/30/08
Russell Midcap Value Index
1.78 7.75 7.53 13.59 - -
As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Opportunistic Midcap Value Fund
DVLCX
-6.77 7.71 3.03 11.87 11.10 05/30/08
Russell Midcap Value Index
3.68 8.95 6.72 14.56 - -
Click here to see SALES CHARGE  Max Sales Charge:  1.00% CDSC Load
As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Opportunistic Midcap Value Fund
DVLCX
-7.75 20.09 20.63 180.18 1,133.87 05/30/08
Russell Midcap Value Index
1.78 25.10 43.76 257.46 - -
As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Opportunistic Midcap Value Fund
DVLCX
-6.77 24.97 16.07 206.85 1,117.06 05/30/08
Russell Midcap Value Index
3.68 29.32 38.42 289.30 - -
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.

The total return performance figures presented for Class C shares of the fund represent the performance of the fund's Class A for periods prior to May 30, 2008, the inception date for Class C shares, and the performance of Class C, 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

    Fund 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
    DVLCX
    -18.66% 14.79% 16.62% -11.13% 8.41% 38.61% 18.45% -6.58% 24.00% 60.49%

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


    Monthly Expense Ratios (Annualized)

    As of  07/31/19 Fee Description Expense Ratio (%)
    Management Fee 0.75%
    12B-1 Fee 0.75%
    Service Fee 0.25%
    Other Expenses 0.20%
    Total Expenses 1.95%

    Redemption Charge

    As of  08/26/19  Redemption Year CDSC
    Year 1 1.00
    Class C shares are subject to a contingent deferred sales charge (CDSC) imposed on Class C shares redeemed within one year of purchase.

    Prospectus Fee Table Expense Ratios

    As of  12/31/18 Fee Description Expense Ratio (%)
    Management Fee 0.75%
    12B-1 Fee 0.75%
    Service Fee 0.25%
    Other Expenses 0.16%
    Total Expenses 1.91%

    Portfolio Manager/Sub-Investment Advisor

    The fund's investment adviser is BNY Mellon Investment Adviser, Inc. The fund is managed by a team of portfolio managers employed by BNY Mellon Investment Adviser, Inc. and Mellon Investments Corporation (Mellon), an affiliate of BNY Mellon Investment Adviser, Inc. The team consists of Patrick Kent, CFA, CMT, the lead portfolio manager, James Boyd, Brian Duncan and Dale Dutile. Mr. Kent, the lead portfolio manager for the opportunistic value strategies and head of the opportunistic value investment team at Mellon, has been the fund's primary or lead portfolio manager since March 2019. Prior to joining Mellon, Mr. Kent was a portfolio manager at Wellington Management, which he joined in 2011. Messrs. Boyd and Dutile are each managing directors, equity research analysts and portfolio managers at Mellon. Messrs. Boyd and Dutile have been portfolio managers of the fund since December 2008. Mr. Duncan is a director at Mellon and has been a portfolio manager of the fund since November 2017. Mellon investment professionals manage the fund in their capacity as employees of BNY Mellon Investment Adviser, Inc.

    Top Holdings

    As of  07/31/19   Holdings % Portfolio  Weight
    Equifax 2.96
    Activision Blizzard 2.73
    Zimmer Biomet Holdings 2.64
    PRA Health Sciences 2.56
    Skechers U.S.A. 2.54
    Jazz Pharmaceuticals 2.52
    Teradyne 2.43
    D. R. Horton 2.42
    Boston Properties 2.38
    Newmont Goldcorp 2.36

    Asset Allocation


        Daily Statistics

        As of  08/23/19 Name NAV Change 09/20/18  12 Month 
        High Nav
        12/24/18  12 Month 
        Low Nav
        YTD Return
        DVLCX
        $19.29
        -$0.53
        -2.67%
        $31.09 $16.43 11.12%

        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  07/31/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DVLCX
        18.07 -9.78 1.35 82.17 0.34

        Dividend Schedule

        Declared
        Annually
        Distributed
        Annually
        Paid
        Annually
        Fiscal Year End
        Aug 31
        Year Dividend ($) Capital Gains ($)
        2018 0.0000 6.9275
        2017 0.0000 4.3746
        2016 0.0000 1.5001
        2015 0.0000 6.1013
        2014 0.0000 4.3436
        2013 0.0000 4.2548
        2012 0.0130 0.0000
        2011 0.1460 4.9004
        2010 0.0070 0.0000
        2009 0.1030 0.0000
        There is no guarantee that the fund will distribute any level annually. Capital gains may be short-term, long-term, or both.

        Distributions History

        (Values Listed In $) 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
        DVLCX
        0.0000 0.0000 2.7974 0.4080 3.7221 6.9275 18.58
        Record Date Ex-Dividend Date Payable Date
        DVLCX
        12/10/18 12/11/18 12/11/18
        (Values Listed In $) Distribution Status 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
        DVLCX
        Final 0.0000 0.0000 2.7974 0.4080 3.7221 6.9275 18.58
        Record Date Ex-Dividend Date Payable Date
        DVLCX
        12/10/18 12/11/18 12/11/18