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    BNY Mellon Small Cap Multi-Strategy Fund

    Why invest in this Fund?

    The fund seeks capital appreciation.

    The fund's investment strategy provides exposure to various small cap equity portfolio managers, investment strategies and styles. The fund's investment adviser has allocated the fund's assets among multiple investment strategies employed by the fund's investment adviser that invest primarily in equity securities issued by small cap companies. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of small cap companies. The fund currently considers small cap companies to be those companies with market capitalizations that are equal to or less than the market capitalization of the largest company included in the Russell2000® Index, the fund's primary benchmark index. The fund may also invest in publicly-traded REITs and ETFs and similarly structured pooled investments. The fund may invest up to 15% of its assets in the equity securities of foreign issuers, including up to 10% of its assets in the equity securities of issuers located in emerging market countries. The fund's investment adviser determines the investment strategies and sets the target allocations and ranges. Allocations, which may be changed without shareholder approval or prior notice, include the following underlying strategies:

    1. Opportunistic Small Cap Strategy (Target: 40%; Range: 0% to 50%). For this portion of the portfolio, the fund generally seeks exposure to securities and sectors that the portfolio managers perceive to be attractive from a valuation and fundamental standpoint. A team of portfolio managers employed by BNY Mellon Investment Adviser, Inc. and Mellon Investments Corporation is responsible for managing the strategy. The team consists of David Daglio, James Boyd and Dale Dutile.

    2. Small Cap Value Strategy (Target: 35%; Range: 0% to 40%). In constructing this portion of the fund's portfolio, the portfolio managers employ a value-based investment style, which means that they seek to identify those companies with stocks trading at prices below what are believed to be their intrinsic value. Joseph M. Corrado, CFA, Stephanie K. Brandaleone, CFA, and Edward R. Walter, CFA, all employees of both BNY Mellon Investment Adviser, Inc. and Mellon Investments Corporation, are the strategy's portfolio managers.

    3. Small Cap Growth Strategy (Target: 25%; Range: 0% to 40%). In constructing this portion of the fund's portfolio, the portfolio managers employ a growth-oriented investment style in which they seek to identify those small cap companies that are experiencing or are expected to experience rapid earnings or revenue growth. Todd W. Wakefield, CFA and Robert C. Zeuthen, CFA, and John R. Porter since March 2017, employees of both BNY Mellon Investment Adviser, Inc. and Mellon Investments Corporation, are the strategy's portfolio managers.
    Class Inception Date
    01/01/98
    Fund Assets
    $330,531,876  As of  06/13/24
    Class Assets
    $304,982,500  As of  06/13/24
    Portfolio Turnover Rate
    56.56% As of fiscal year end  08/31/23
    Morningstar Category
    Small Growth
    Benchmark
    Russell 2000® Index
    Morningstar Overall Rating
    Fund Holdings
    227 As of 05/31/24

    Morningstar Rating™ as of May 31, 2024 for the Class M class shares; other classes may have different performance characteristics. Overall rating for the Small Growth category. Fund ratings are out of 5 Stars: Overall 3 Stars (552 funds rated); 3 Yrs. 3 Stars (552 funds rated); 5 Yrs. 3 Stars (523 funds rated); 10 Yrs. 2 Stars (399 funds rated).

    Portfolio Managers

    • John Porter

      John Porter

      CIO, Head of Equity, Newton Investment Management North America, LLC

      Managing Fund Since 2017

      Joined Firm in 2016

      Joined Industry in 1994

    • Joseph M. Corrado

      Joseph M. Corrado, CFA

      Porfolio Manager, Newton Investment Management North America, LLC

      Managing Fund Since 2012

      Joined Firm in 1986

      Joined Industry in 1977

    • Alicia Levine

      Alicia Levine

      Head of Equities, Capital Markets Advisory

      Managing Fund Since 2021

    • Andrew Leger

      Andrew Leger

      Portfolio Manager, Newton Investment Management North America, LLC

      Managing Fund Since 2021

      Joined Firm in 2014

      Joined Industry in 1998

    • Karen Miki Behr

      Karen Miki Behr

      Portfolio Manager, Newton Investment Management North America, LLC

      Managing Fund Since 2021

      Joined Firm in 2007

      Joined Industry in 1999


    Total Returns

    Average Annual
    As of 05/31/24
    Name 3 MO
    05/31/24
    YTD
    05/31/24
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Small Cap Multi-Strategy Fund
    MPSSX
    2.82 1.70 12.70 -2.91 8.54 7.83 7.18
    Russell 2000® Index
    1.12 2.68 20.12 -1.65 8.61 7.66 -
    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 Small Cap Multi-Strategy Fund
    MPSSX
    1.89 1.89 8.69 -2.21 7.48 7.25 7.23
    Russell 2000® Index
    5.18 5.18 19.71 -0.10 8.10 7.58 -

    The Russell 2000® Index measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000® Index is a subset of the Russell 3000® Index representing approximately 10% of the total market capitalization of that index. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership. The Russell 2000® is constructed to provide a comprehensive and unbiased small-cap barometer and is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true small-cap opportunity set. Investors cannot invest directly in any index.

    Growth of $10,000 Investment

    Historical Performance

      Yearly Total Return


      Prospectus Fee Table Expense Ratios

      As of  12/29/23 Fee Description Expense Ratio (%)
      Management Fee 0.85%
      Administration Fee 0.14%
      Other Expenses 0.05%
      Total Expenses 1.04%
      Net Expenses 1.04%

      Portfolio Manager/Sub-Investment Adviser

      The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). Newton Investment Management North America, LLC (NIMNA), the fund's sub-adviser, 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. Alicia Levine is the fund's primary portfolio manager responsible for investment allocation decisions, a position she has held since September 2021. Ms. Levine is Head of Equities, Capital Markets Advisory for BNY Mellon Wealth Management and Chair of BNY Mellon Wealth Management's Investment Strategy Committee. She also is an employee of BNYM Investment Adviser and manages the fund in her capacity as an employee of BNYM Investment Adviser.

      Top Holdings

      As of 05/31/24

      Asset Allocation


          Daily Statistics

          As of 06/13/24 Name NAV Change 07/31/23  12 Month 
          High Nav
          10/27/23  12 Month 
          Low Nav
          YTD Return
          MPSSX
          $20.22
          -$0.22
          -1.08%
          $20.55 $16.88 1.84%

          Performance Metrics

          Overall Morningstar Rating


          MORNINGSTAR CATEGORY Small Growth


          Morningstar Rating™ as of 05/31/24 for the Class M shares; other classes may have different performance characteristics. Overall rating for the Small Growth. Fund ratings are out of 5 Stars: Overall 3 Stars (552 funds rated); 3 Yrs. 3 Stars (552 funds rated); 5 Yrs. 3 Stars (523 funds rated); 10 Yrs. 2 Stars (399 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
            940 out of 998
          • 3 Year
            895 out of 958
          • 5 Year
            683 out of 898
          • 10 Year
            301 out of 670

          LIPPER CLASSIFICATION Small-Cap Core Funds


          Lipper Category returns and rankings as of 05/31/24, 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

          Equity funds are subject generally to market, market sector, market liquidity, issuer, and investment style risks, among other factors, to varying degrees, all of which are more fully described in the fund's prospectus.
          Small companies carry additional risks because their operating histories tend to be more limited, their earnings and revenues less predictable, and their share prices more volatile than those of larger, more established companies. The shares of smaller companies tend to trade less frequently than those of larger, more established companies.
          Please refer to the prospectus for a more complete discussion of the fund's main risks.

          Risk Metrics

          As of  05/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          MPSSX
          20.56 -11.64 1.00 75.00 -0.20

          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.



          Dividend Schedule

          Declared
          Annually
          Distributed
          Annually
          Paid
          Annually
          Fiscal Year End
          Aug 31
          Year Dividend ($) Capital Gains ($)
          2023 0.0333 0.0752
          2022 0.0000 0.5121
          2021 0.0000 2.9410
          2020 0.0000 0.1451
          2018 0.0000 2.8976
          2017 0.0000 1.7033
          2016 0.0000 0.0973
          2015 0.0000 0.6263
          2014 0.0000 0.7594
          2012 0.0423 0.0000

          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
          12/15/23 12/18/23 12/18/23 0.0000 0.0333 0.0000 0.0000 0.0752 0.1085
          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
          12/15/22 12/16/22 12/16/22 0.0000 0.0000 0.0000 0.0000 0.5121 0.5121
          12/16/21 12/17/21 12/17/21 0.0000 0.0000 0.8531 0.1319 1.9560 2.9410
          12/16/20 12/17/20 12/17/20 0.0000 0.0000 0.0000 0.0000 0.1451 0.1451
          12/14/18 12/17/18 12/17/18 0.0000 0.0000 0.3626 0.1211 2.4139 2.8976
          12/18/17 12/19/17 12/19/17 0.0000 0.0000 0.1749 0.1430 1.3854 1.7033
          12/16/16 12/19/16 12/19/16 0.0000 0.0000 0.0000 0.0000 0.0973 0.0973
          12/17/15 12/18/15 12/18/15 0.0000 0.0000 0.0000 0.0000 0.6263 0.6263
          12/18/14 12/19/14 12/19/14 0.0000 0.0000 0.0000 0.0000 0.7594 0.7594
          12/28/12 12/31/12 12/31/12 0.0000 0.0084 0.0000 0.0000 0.0000 0.0084
          12/04/12 12/05/12 12/05/12 0.0000 0.0208 0.0000 0.0000 0.0000 0.0208
          05/10/12 05/11/12 05/11/12 0.0131 0.0000 0.0000 0.0000 0.0000 0.0131
          12/06/11 12/07/11 12/07/11 0.2685 0.0225 0.0000 0.0000 0.0000 0.2910
          12/07/09 12/08/09 12/08/09 0.0000 0.0114 0.0000 0.0000 0.0000 0.0114
          03/26/09 03/27/09 03/27/09 0.0000 0.0000 0.0000 0.0000 0.0019 0.0019
          12/02/08 12/03/08 12/03/08 0.0410 0.0410 0.0030 0.0030 0.0070 0.0950
          12/04/07 12/05/07 12/05/07 0.0000 0.0000 0.7729 0.0174 1.4687 2.2590
          12/05/06 12/06/06 12/06/06 0.0000 0.0000 0.0382 0.0618 2.2970 2.3970
          12/06/05 12/07/05 12/07/05 0.0000 0.0000 0.0000 0.0750 2.5030 2.5780
          12/07/04 12/08/04 12/08/04 0.0000 0.0000 0.0000 0.0000 0.3915 0.3915
          See all rows...

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