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Why invest in this Fund?

The fund seeks capital appreciation. To pursue this goal, the fund normally invests at least 80% of its net assets in stocks. The fund's stock investments may include common stocks, preferred stocks and convertible securities, including those purchased in initial public offerings. The fund may invest up to 30% of its assets in foreign securities.

Min. Class Investment
$1,000
Class Inception Date
05/31/01
Class Status
Not available for purchase by individual investors.
Fund Assets
$8,122,768,654  As of  05/16/25
Class Assets
$6,127,977,679  As of  05/16/25
Portfolio Turnover Rate
90.65% As of fiscal year end  08/31/24
Morningstar Category
Large Value
Benchmark
Russell 1000® Value Index
Morningstar Overall Rating
Fund Holdings
69 As of 04/30/25

Morningstar Rating™ as of April 30, 2025 for the Class I class shares; other classes may have different performance characteristics. Overall rating for the Large Value category. Fund ratings are out of 5 Stars: Overall 5 Stars (1089 funds rated); 3 Yrs. 5 Stars (1089 funds rated); 5 Yrs. 5 Stars (1027 funds rated); 10 Yrs. 4 Stars (814 funds rated).

ALSO AVAILABLE AS
AN ETF

Portfolio Managers

  • Brian C. Ferguson

    Brian C. Ferguson

    Portfolio Manager, Newton Investment Management North America, LLC

    Managing Fund Since 2003

    Joined Firm in 1997

    Joined Industry in 1990

  • John Bailer

    John Bailer, CFA

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

    Managing Fund Since 2004

    Joined Firm in 1992

    Joined Industry in 1992

  • Keith Howell

    Keith Howell

    Portfolio Manager, Newton Investment Management North America, LLC

    Managing Fund Since 2021

    Joined Firm in 2006

    Joined Industry in 2004


Total Returns

Average Annual
As of 04/30/25
Name 3 MO
04/30/25
YTD
04/30/25
1 YR 3 YRS 5 YRS 10 YRS Since Inception
BNY Mellon Dynamic Value Fund
DRGVX
-5.95 -1.35 8.80 10.96 18.95 10.70 11.25
Russell 1000® Value Index
-5.36 -0.98 8.55 7.61 13.00 8.36 -
Average Annual
As of 03/31/25
Name 3 MO
03/31/25
YTD
03/31/25
1 YR 3 YRS 5 YRS 10 YRS Since Inception
BNY Mellon Dynamic Value Fund
DRGVX
2.70 2.70 8.82 10.17 22.65 11.17 11.43
Russell 1000® Value Index
2.14 2.14 7.18 6.64 16.15 8.79 -

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 1000® Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000 companies that are considered more value-oriented relative to the overall market as defined by Russell's leading style methodology. The Russell 1000® Value Index is constructed to provide a comprehensive and unbiased barometer for the large-cap value segment. The index is completely reconstituted annually to ensure new and growing equities are included and that the represented companies continue to reflect value characteristics. 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 May 31, 2001, 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  12/31/24 Fee Description Expense Ratio (%)
    Management Fee 0.60%
    Other Expenses 0.13%
    Total Expenses 0.73%
    Expenses Reimbursed 0.05%
    Net Expenses 0.68%
    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 December 31, 2025, 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 .68%. On or after December 31, 2025, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.

    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. Brian C. Ferguson, John C. Bailer, CFA and Keith Howell, CFA are the fund's primary portfolio managers. Mr. Ferguson has been the fund's lead portfolio manager since September 2003. Messrs. Bailer and Howell have been primary portfolio managers of the fund since December 2004 and September 2021, respectively. Mr. Ferguson is a portfolio manager at NIMNA. He has been employed by NIMNA or a predecessor company of NIMNA since 1997. Mr. Bailer is Deputy Head of Equity Income and a portfolio manager at NIMNA. He has been employed by NIMNA or a predecessor company of NIMNA since 1992. Mr. Howell is a portfolio manager at NIMNA. He has been employed by NIMNA or a predecessor company of NIMNA since 2006.

    Top Holdings

    As of 04/30/25

    Asset Allocation


        Daily Statistics

        As of 05/16/25 Name NAV Change 11/29/24  12 Month 
        High Nav
        04/08/25  12 Month 
        Low Nav
        YTD Return
        DRGVX
        $46.18
        $0.43
        0.94%
        $51.56 $40.23 3.96%

        Performance Metrics

        Overall Morningstar Rating


        MORNINGSTAR CATEGORY Large Value


        Morningstar Rating™ as of 04/30/25 for the Class I shares; other classes may have different performance characteristics. Overall rating for the Large Value. Fund ratings are out of 5 Stars: Overall 5 Stars (1089 funds rated); 3 Yrs. 5 Stars (1089 funds rated); 5 Yrs. 5 Stars (1027 funds rated); 10 Yrs. 4 Stars (814 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. © 2025 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
          163 out of 645
        • 3 Year
          38 out of 608
        • 5 Year
          12 out of 567
        • 10 Year
          15 out of 421

        LIPPER CLASSIFICATION Multi-Cap Value Funds


        Lipper Category returns and rankings as of 04/30/25, 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.
        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  04/30/25  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DRGVX
        15.89 0.08 0.85 75.92 0.45

        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.


        Dividend Schedule

        Declared
        Annually
        Distributed
        Annually
        Paid
        Annually
        Fiscal Year End
        Aug 31
        Annualized Distribution Rate
        %
        As of 
        Year Dividend ($) Capital Gains ($)
        2024 0.5503 3.2504
        2023 0.4226 1.7741
        2022 0.3782 3.2626
        2021 0.5728 9.1319
        2020 0.3086 0.7814
        2019 0.6610 0.6711
        2018 0.6736 4.8412
        2017 0.4926 3.9062
        2016 0.5572 0.5637
        2015 0.4875 4.9261

        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
        12/03/24 12/04/24 12/04/24 0.1669 0.3834 0.1582 0.3635 2.7287 3.8007
        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
        12/05/23 12/06/23 12/06/23 0.0000 0.4226 0.0000 0.0000 1.7741 2.1967
        12/05/22 12/06/22 12/06/22 0.1173 0.2609 0.1293 0.2877 2.8456 3.6408
        12/07/21 12/08/21 12/08/21 0.4232 0.1496 1.7866 0.6313 6.7140 9.7047
        12/07/20 12/08/20 12/08/20 0.0000 0.3086 0.0000 0.0000 0.7814 1.0900
        12/09/19 12/10/19 12/10/19 0.0000 0.6610 0.0000 0.1051 0.5660 1.3321
        12/04/18 12/06/18 12/06/18 0.2071 0.4665 0.2584 0.5820 4.0008 5.5148
        12/04/17 12/05/17 12/05/17 0.2455 0.2471 0.6193 0.6233 2.6636 4.3988
        12/02/16 12/05/16 12/05/16 0.0000 0.5572 0.0000 0.0000 0.5637 1.1209
        12/07/15 12/08/15 12/08/15 0.0000 0.4875 0.0000 0.2233 4.7028 5.4136
        12/09/14 12/10/14 12/10/14 0.1810 0.2966 0.2982 0.4887 3.3717 4.6362
        12/17/13 12/18/13 12/18/13 0.0721 0.2870 0.1090 0.4335 1.5034 2.4050
        12/19/12 12/20/12 12/20/12 0.0000 0.4530 0.0000 0.0000 0.0000 0.4530
        12/13/11 12/14/11 12/14/11 0.0000 0.2310 0.0000 0.0000 0.0000 0.2310
        12/08/10 12/09/10 12/09/10 0.0000 0.2340 0.0000 0.0000 0.0000 0.2340
        12/03/09 12/04/09 12/04/09 0.0000 0.1720 0.0000 0.0000 0.0000 0.1720
        12/01/08 12/02/08 12/02/08 0.0000 0.3130 0.0000 0.0000 0.0000 0.3130
        12/03/07 12/04/07 12/04/07 0.1031 0.2309 0.1737 0.3889 1.3512 2.2478
        12/04/06 12/05/06 12/05/06 0.1463 0.1467 0.4047 0.4059 1.0824 2.1860
        12/02/05 12/05/05 12/05/05 0.0940 0.0470 0.7230 0.3630 1.1580 2.3850
        11/27/01 11/28/01 11/28/01 0.0810 0.0000 0.3370 0.0000 0.0000 0.7040
        See all rows...

        Literature

        PRODUCT MATERIALS

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        BNY Mellon Dynamic Value Fund - Finding Value Download
        BNY Mellon Dynamic Value Fund - Whats in a Name Download
        BNY Mellon Dynamic Value Fund - Investment Report Download
        BNY Mellon Dynamic Value Fund - Presentation Download
        BNY Mellon Dynamic Value Fund - Top 10 Rationale Download
        BNY Mellon Dynamic Value Fund - Commentary Download

        Factsheet, Prospectus and Reports

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        Factsheet Download
        Prospectus Download
        Summary Prospectus Download
        SAI Download
        Annual Report Download
        Annual Report - Class I Download
        Semi Annual Report - Class I Download
        Annual Financials and Other Information Download
        Semi Annual Financials and Other Information 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.