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    BNY Mellon Tax Managed Growth Fund

    Overview

    Why invest in this Fund?

    The fund seeks long-term capital appreciation consistent with minimizing realized capital gains. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in common stocks and employs a tax-managed strategy. The fund focuses on 'blue-chip' companies with market capitalizations exceeding $5 billion at the time of purchase, including multinational companies.

    The fund employs a 'buy-and-hold' investment strategy, which generally has resulted in an annual portfolio turnover of below 15%.

    Min. class investment
    $1,000
    Class Inception Date
    11/04/97
    Fund Assets
    $134,407,755  As of  04/18/24
    Class Assets
    $3,029,386  As of  04/18/24
    Portfolio Turnover Rate
    1.73% As of fiscal year end  10/31/23
    Morningstar Category
    Large Growth
    Benchmark
    S&P 500® Index
    Morningstar Overall Rating
    Fund Holdings
    49 As of 03/31/24

    Morningstar Rating™ as of March 31, 2024 for the Class C 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 (1111 funds rated); 3 Yrs. 3 Stars (1111 funds rated); 5 Yrs. 3 Stars (1037 funds rated); 10 Yrs. 2 Stars (807 funds rated).

    Portfolio Managers

    • Alan R. Christensen

      Alan R. Christensen, CFA

      Portfolio Manager,

      Managing Fund Since 2020

      Joined Firm in 2005

      Joined Industry in 1995
    • Catherine Crain

      Catherine Crain, CFA

      Portfolio Manager,

      Managing Fund Since 2000

      Joined Firm in 1993

      Joined Industry in 1989
    • Gentry Lee

      Gentry Lee, CFA

      Chief Executive Officer and Chief Investment Officer,

      Managing Fund Since 2010

      Joined Firm in 1998

      Joined Industry in 1994
    • Christopher Sarofim

      Christopher Sarofim

      Portfolio Manager,

      Managing Fund Since 1997

      Joined Firm in 1988

      Joined Industry in 1986
    • Charles E. Sheedy

      Charles E. Sheedy, CFA

      Portfolio Manager,

      Managing Fund Since 2000

      Joined Firm in 1971

      Joined Industry in 1971
    Performance

    Total Returns

    Click here to see SALES CHARGE  Max Sales Charge:  1.00%  CDSC Load

    Month End

    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 Tax Managed Growth Fund
    DPTAX
    		5.30 5.30 18.78 7.61 13.30 10.18 6.58
    S&P 500® Index
    		10.56 10.56 29.88 11.49 15.05 12.96 -

    Quarter End

    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 Tax Managed Growth Fund
    DPTAX
    		5.30 5.30 18.78 7.61 13.30 10.18 6.58
    S&P 500® Index
    		10.56 10.56 29.88 11.49 15.05 12.96 -

    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 S&P 500® Index is widely regarded as the best single gauge of large-cap U.S. equities. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization. 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

      These figures do not reflect the maximum sales charge which, if included, would reduce return.

      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

      Redemption Charge

      As of    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  03/01/24 Fee Description Expense Ratio (%)
      Management Fee 0.95%
      12B-1 Fee 0.75%
      Service Fee 0.25%
      Other Expenses 0.01%
      Total Expenses 1.96%
      Expenses Reimbursed 0.11%
      Net Expenses 1.85%
      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 agreed in its investment management agreement with the fund to: (1) pay all of the fund's direct expenses, except management fees, Rule 12b-1 fees and certain other expenses, including the fees and expenses of the non-interested board members and their counsel, and (2) reduce its fees pursuant to the investment management agreement in an amount equal to the fund's allocable portion of the fees and expenses of the non-interested board members and their counsel (in the amount of .01% for the past fiscal year). These provisions in the investment management agreement may not be amended without the approval of the fund's shareholders. In addition, BNY Mellon Investment Adviser, Inc. has contractually agreed to waive a portion of the fund's management fee in the amount of .10% of the fund's average daily net assets until March 1, 2025. On or after March 1, 2025, BNY Mellon Investment Adviser, Inc. may terminate this waiver agreement at any time.
      Portfolio

      Portfolio Manager/Sub-Investment Adviser

      The fund's investment adviser is BNY Mellon Investment Adviser, Inc., and the fund's sub-investment adviser is Fayez Sarofim & Co. (Sarofim & Co.). The fund is managed by a team of portfolio managers employed by Sarofim & Co., consisting of Alan R. Christensen, CFA, Catherine Crain, CFA, Gentry Lee, CFA; Christopher Sarofim and Charles Sheedy, CFA. The team is supported by Sarofim & Co.'s Investment Committee, all the members of which are senior investment professionals at Sarofim & Co. The team members hold the following positions at Sarofim & Co.: Mr. Sarofim is Chairman, Mr. Christensen is the President and Head of Investment Risk, Mr. Lee is Chief Executive Officer and Chief Investment Officer, Mr. Sheedy is a Senior Vice President and Ms. Crain is a Vice President and Director of Marketing and Client Services. Mr. Sarofim has been a portfolio manager of the fund since its inception in September 1998. Mr. Sheedy and Ms. Crain have been portfolio managers of the fund since October 2000. Mr. Lee has been a portfolio manager of the fund since November 2010. Mr. Christensen has been a portfolio manager of the fund since March 2020.

      Top Holdings

      Download Total Holdings
      As of 03/31/24

      Asset Allocation

          Stats & Risks

          Daily Statistics

          As of 04/18/24 Name NAV Change 03/21/24  12 Month 
          High Nav           		10/27/23  12 Month 
          Low Nav           		YTD Return
          DPTAX
          		$34.12
          -$0.15
          -0.44%
          		$35.54 $31.63 2.31%

          Performance Metrics

          Overall Morningstar Rating

          MORNINGSTAR CATEGORY Large Growth

          Morningstar Rating™ as of 03/31/24 for the Class C shares; other classes may have different performance characteristics. Overall rating for the Large Growth. Fund ratings are out of 5 Stars: Overall 3 Stars (1111 funds rated); 3 Yrs. 3 Stars (1111 funds rated); 5 Yrs. 3 Stars (1037 funds rated); 10 Yrs. 2 Stars (807 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
            629 out of 666
          • 3 Year
            577 out of 612
          • 5 Year
            407 out of 554
          • 10 Year
            396 out of 428

          LIPPER CLASSIFICATION Large-Cap Core Funds

          Lipper Category returns and rankings as of 03/31/24, 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.
          Investing in foreign denominated and/or domiciled securities involves special risks, including changes in currencyexchange 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  03/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DPTAX
          		17.84 -3.44 0.99 95.19 0.34

          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
          Qtry (May, Aug, Nov, Dec)
          Distributed
          Qtry (May, Aug, Nov, Dec)
          Paid
          Qtry (May, Aug, Nov, Dec)
          Fiscal Year End
          Oct 31
          Year Dividend ($) Capital Gains ($)
          2023 0.0000 2.5280
          2022 0.0000 2.5420
          2021 0.0000 1.7165
          2020 0.0167 2.2815
          2019 0.0471 1.3434
          2018 0.0870 2.7081
          2017 0.0321 1.3528
          2016 0.0888 0.0118
          2015 0.1168 1.3170
          2014 0.1160 0.6614

          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
          12/06/23 12/07/23 12/07/23 0.0000 0.0000 0.0000 0.0000 2.5280 2.5280
          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
          12/06/22 12/07/22 12/07/22 0.0000 0.0000 0.0000 0.0000 2.5420 2.5420
          12/06/21 12/07/21 12/07/21 0.0000 0.0000 0.0000 0.0000 1.7165 1.7165
          12/04/20 12/07/20 12/07/20 0.0000 0.0000 0.0000 0.0018 2.2797 2.2815
          05/01/20 05/04/20 05/04/20 0.0000 0.0167 0.0000 0.0000 0.0000 0.0167
          12/06/19 12/09/19 12/09/19 0.0000 0.0148 0.0000 0.0000 1.3434 1.3582
          08/01/19 08/02/19 08/02/19 0.0000 0.0161 0.0000 0.0000 0.0000 0.0161
          05/01/19 05/02/19 05/02/19 0.0000 0.0162 0.0000 0.0000 0.0000 0.0162
          12/07/18 12/10/18 12/10/18 0.0000 0.0400 0.0000 0.0126 2.6955 2.7481
          11/01/18 11/02/18 11/02/18 0.0000 0.0211 0.0000 0.0000 0.0000 0.0211
          08/01/18 08/02/18 08/02/18 0.0000 0.0122 0.0000 0.0000 0.0000 0.0122
          05/01/18 05/02/18 05/02/18 0.0000 0.0137 0.0000 0.0000 0.0000 0.0137
          12/05/17 12/06/17 12/06/17 0.0000 0.0080 0.0000 0.0373 1.3155 1.3608
          08/01/17 08/02/17 08/02/17 0.0000 0.0050 0.0000 0.0000 0.0000 0.0050
          05/01/17 05/02/17 05/02/17 0.0000 0.0191 0.0000 0.0000 0.0000 0.0191
          12/01/16 12/02/16 12/02/16 0.0000 0.0180 0.0000 0.0000 0.0118 0.0298
          11/01/16 11/02/16 11/02/16 0.0000 0.0050 0.0000 0.0000 0.0000 0.0050
          08/01/16 08/02/16 08/02/16 0.0000 0.0250 0.0000 0.0000 0.0000 0.0250
          05/02/16 05/03/16 05/03/16 0.0000 0.0408 0.0000 0.0000 0.0000 0.0408
          12/03/15 12/04/15 12/04/15 0.0000 0.0158 0.0000 0.0154 1.3016 1.3328
          11/02/15 11/03/15 11/03/15 0.0000 0.0250 0.0000 0.0000 0.0000 0.0250
          08/03/15 08/04/15 08/04/15 0.0000 0.0290 0.0000 0.0000 0.0000 0.0290
          05/01/15 05/04/15 05/04/15 0.0000 0.0470 0.0000 0.0000 0.0000 0.0470
          12/05/14 12/08/14 12/08/14 0.0000 0.0290 0.0000 0.0000 0.6614 0.6904
          11/03/14 11/04/14 11/04/14 0.0000 0.0220 0.0000 0.0000 0.0000 0.0220
          08/01/14 08/04/14 08/04/14 0.0000 0.0280 0.0000 0.0000 0.0000 0.0280
          05/01/14 05/02/14 05/02/14 0.0000 0.0370 0.0000 0.0000 0.0000 0.0370
          12/06/13 12/09/13 12/09/13 0.0000 0.0427 0.0000 0.0000 0.0000 0.0427
          11/01/13 11/04/13 11/04/13 0.0000 0.0370 0.0000 0.0000 0.0000 0.0370
          08/01/13 08/02/13 08/02/13 0.0000 0.0510 0.0000 0.0000 0.0000 0.0510
          05/01/13 05/02/13 05/02/13 0.0000 0.0450 0.0000 0.0000 0.0000 0.0450
          12/05/12 12/06/12 12/06/12 0.0000 0.0430 0.0000 0.0000 0.0000 0.0430
          11/01/12 11/02/12 11/02/12 0.0000 0.0300 0.0000 0.0000 0.0000 0.0300
          08/01/12 08/02/12 08/02/12 0.0000 0.0370 0.0000 0.0000 0.0000 0.0370
          05/01/12 05/02/12 05/02/12 0.0000 0.0240 0.0000 0.0000 0.0000 0.0240
          12/02/11 12/05/11 12/05/11 0.0000 0.1110 0.0000 0.0000 0.0000 0.1110
          12/06/10 12/07/10 12/07/10 0.0000 0.1190 0.0000 0.0000 0.0000 0.1190
          12/07/09 12/08/09 12/08/09 0.0000 0.1770 0.0000 0.0000 0.0000 0.1770
          12/04/08 12/05/08 12/05/08 0.0000 0.1390 0.0000 0.0000 0.0000 0.1390
          12/07/07 12/10/07 12/10/07 0.0000 0.0890 0.0000 0.0000 0.0000 0.0890
          12/01/06 12/04/06 12/04/06 0.0000 0.0970 0.0000 0.0000 0.0000 0.0970
          12/02/05 12/05/05 12/05/05 0.0000 0.1030 0.0000 0.0000 0.0000 0.1030
          12/02/04 12/03/04 12/03/04 0.0000 0.0596 0.0000 0.0000 0.0000 0.0596
          12/03/03 12/04/03 12/04/03 0.0000 0.0088 0.0000 0.0000 0.0000 0.0088
          See all rows...
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