BNY Mellon Research Growth Fund, Inc.

Why invest in this Fund?

The fund seeks long-term capital growth consistent with the preservation of capital. Current income is a secondary goal. To pursue these goals, the fund invests at least 80% of its net assets in common stocks. The fund may invest up to 25% of its assets in foreign securities. The fund's stock investments may include common stocks, preferred stocks and convertible securities.

Min. class investment
$1,000
Class Inception Date
09/30/08
Class Status
Not available for purchase by individual investors.
Fund Assets
$1,664,952,567  As of  08/22/19
Class Assets
$291,284,759  As of  08/22/19
Portfolio Turnover Rate
42.75%  As of fiscal year end  02/28/19
Morningstar Category
Large Growth
Benchmark
Russell 1000(r) Growth Index
Morningstar Overall Rating
Fund Holdings
63  As of  07/31/19

Morningstar Rating™ as of July 31, 2019 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 (1237 funds rated); 3 Yrs. 2 Stars (1237 funds rated); 5 Yrs. 3 Stars (1108 funds rated); 10 Yrs. 3 Stars (819 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

  • Sealy, David

    David Sealy

    Portfolio Manager, Mellon Investments Corporation

    11 yr(s). on fund

  • Todd, Leigh

    Leigh Todd

    Investment Analyst, Mellon Investments Corporation

    0 yr(s). on fund

  • Mills, Barry K.

    Barry K. Mills

    Portfolio Manager, Mellon Investments Corporation

    11 yr(s). on fund

  • Kori, Monty A.

    Monty A. Kori

    Portfolio Manager

    0 yr(s). on fund

  • Jenkin, Matthew T.

    Matthew T. Jenkin

    Portfolio Manager

    0 yr(s). on fund

  • Swords, Erik

    Erik Swords

    Portfolio Manager, Mellon Investments Corporation

    0 yr(s). on fund


As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Research Growth Fund, Inc.
DWOIX
9.10 14.20 11.95 14.65 9.49 09/30/08
Russell 1000(r) Growth Index
10.82 17.13 14.25 15.74 - -
As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Research Growth Fund, Inc.
DWOIX
11.00 15.67 11.40 15.45 9.50 09/30/08
Russell 1000(r) Growth Index
11.56 18.07 13.39 16.28 - -
As of  07/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Research Growth Fund, Inc.
DWOIX
9.10 48.95 75.81 292.51 7,312.74 09/30/08
Russell 1000(r) Growth Index
10.82 60.71 94.67 331.42 - -
As of  06/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Research Growth Fund, Inc.
DWOIX
11.00 54.76 71.54 320.79 7,274.03 09/30/08
Russell 1000(r) Growth Index
11.56 64.58 87.46 351.86 - -

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® Growth Index measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000 companies with higher growth earning potential as defined by Russell's leading style methodology. The Russell 1000® Growth Index is constructed to provide a comprehensive and unbiased barometer for the large-cap growth segment. The index is completely reconstituted annually to ensure new and growing equities are included and that the represented companies continue to reflect growth characteristics.

The total return performance figures presented for Class I shares of the fund represent the performance of the fund's Class Z for periods prior to September 30, 2008, 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

Historical Performance

    Not available for purchase by individual investors.

    Yearly Total Return

    Fund 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
    DWOIX
    0.92% 23.80% 2.19% 6.51% 8.33% 35.88% 17.88% -3.18% 22.36% 36.79%

    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%
    Other Expenses 0.09%
    Total Expenses 0.84%
    Expenses Reimbursed 0.06%
    Net Expenses 0.78%

    Prospectus Fee Table Expense Ratios

    As of  06/28/19 Fee Description Expense Ratio (%)
    Management Fee 0.75%
    Other Expenses 0.10%
    Total Expenses 0.85%
    Expenses Reimbursed 0.07%
    Net Expenses 0.78%
    The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until June 30, 2020, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of its classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed 0.78%. On or after June 30, 2020, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation at this time.

    Portfolio Manager/Sub-Investment Advisor

    The fund's investment adviser is BNY Mellon Investment Adviser, Inc. Investment decisions for the fund are made by members of the core research team at Mellon Investments Corporation, an affiliate of BNY Mellon Investment Adviser, Inc. The team members primarily responsible for managing the fund are Leigh N. Todd, David Sealy and Barry Mills. Ms. Todd has been the lead portfolio manager of the fund since March 2019. She is a managing director at Mellon. Messrs. Sealy and Mills have been portfolio managers of the fund since September 2008. They are analysts on the core research team at Mellon. 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
    Amazon.com 6.61
    Microsoft 6.13
    Alphabet 5.51
    Apple 4.72
    Visa 4.46
    Merck & Co. 2.53
    PepsiCo 2.41
    Netflix 2.19
    Union Pacific 2.19
    Honeywell International 2.18

    Asset Allocation


        Daily Statistics

        As of  08/22/19 Name NAV Change 10/01/18  12 Month 
        High Nav
        12/24/18  12 Month 
        Low Nav
        YTD Return
        DWOIX
        $15.01
        -$0.06
        -0.40%
        $17.32 $12.08 19.28%

        Performance Metrics

        Overall Morningstar Rating


        MORNINGSTAR CATEGORY Large Growth


        Morningstar Rating™ as of 07/31/19 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 (3164 funds rated); 3 Yrs. 2 Stars (1237 funds rated); 5 Yrs. 3 Stars (1108 funds rated); 10 Yrs. 3 Stars (819 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
          376 out of 641
        • 3 Year
          492 out of 578
        • 5 Year
          387 out of 523
        • 10 Year
          181 out of 409

        LIPPER CLASSIFICATION Large-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.

        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
        DWOIX
        13.72 0.25 1.06 87.59 0.93

        Dividend Schedule

        Declared
        Annually
        Distributed
        Annually
        Paid
        Annually
        Fiscal Year End
        Feb 28

        BNY Mellon Research Growth Special Announcement

        BNY Mellon Research Growth Fund is expected to pay out its fiscal year end undistributed ordinary income and capital gains next month.  The fund is estimated to pay out approximately $0.0206 per share at the fund level in ordinary income. The fund is estimated to pay out approximately $0.4339 per share at the fund level in long-term capital gains.  The declared and record date is expected to be June 19, 2019 and the ex-dividend and payable date is expected to be June 20, 2019.

        Year Dividend ($) Capital Gains ($)
        2019 0.0360 0.4358
        2018 0.0385 2.4498
        2017 0.0402 1.4391
        2016 0.0873 0.7079
        2015 0.0647 0.8965
        2014 0.0074 1.0347
        2013 0.0811 0.0529
        2012 0.0587 0.0000
        2011 0.0420 0.0000
        2010 0.0240 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
        DWOIX
        0.0000 0.0360 0.0000 0.0000 0.4358 0.4718 15.37
        Record Date Ex-Dividend Date Payable Date
        DWOIX
        06/19/19 06/20/19 06/20/19
        (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
        DWOIX
        Final 0.0000 0.0000 0.0000 0.0221 1.4722 1.4943 13.06
        Record Date Ex-Dividend Date Payable Date
        DWOIX
        12/14/18 12/17/18 12/17/18