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    BNY Mellon Balanced Opportunity Fund

    Why invest in this Fund?

    The fund seeks high total return through a combination of capital appreciation and current income. To pursue this goal, the fund invests in a diversified mix of stocks and fixed-income securities. The fund selects securities that, in the portfolio managers' judgment, will result in the highest total return consistent with preservation of principal. The fund normally will allocate between 25% and 50% of its assets to fixed-income securities.

    Min. class investment
    $0
    Class Inception Date
    12/17/04
    Class Status
    Class Z shares are closed to new accounts.
    Fund Assets
    $275,612,757  As of  04/22/24
    Class Assets
    $30,649,482  As of  04/22/24
    Portfolio Turnover Rate
    71.50% As of fiscal year end  11/30/23
    Morningstar Category
    Moderate Allocation
    Benchmark
    Customized Blended Index (Balanced Opportunity)
    Morningstar Overall Rating
    Fund Holdings
    533 As of 03/31/24

    Morningstar Rating™ as of March 31, 2024 for the Class Z class shares; other classes may have different performance characteristics. Overall rating for the Moderate Allocation category. Fund ratings are out of 5 Stars: Overall 3 Stars (686 funds rated); 3 Yrs. 4 Stars (686 funds rated); 5 Yrs. 3 Stars (646 funds rated); 10 Yrs. 3 Stars (487 funds rated).

    Portfolio Managers

    • John Porter

      John Porter

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

      Managing Fund Since 2021

      Joined Firm in 2016

      Joined Industry in 1994

    • John Bailer

      John Bailer, CFA

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

      Managing Fund Since 2015

      Joined Firm in 1992

      Joined Industry in 1992

    • 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

    • James  Stavena

      James Stavena, CFA

      Portfolio Manager, Newton Investment Management North America, LLC

      Managing Fund Since 2022

      Joined Firm in 1998

      Joined Industry in 1991

    • Brian C. Ferguson

      Brian C. Ferguson

      Portfolio Manager, Newton Investment Management North America, LLC

      Managing Fund Since 2007

      Joined Firm in 1997

      Joined Industry in 1990

    • Keith Howell

      Keith Howell

      Portfolio Manager,

      Managing Fund Since 2021

      Joined Firm in 2006

      Joined Industry in 2004

    • James A. Lydotes

      James A. Lydotes, CFA

      Deputy CIO, Newton Investment Management North America, LLC

      Managing Fund Since 2016

      Joined Firm in 1998

      Joined Industry in 1998

    • Torrey Zaches

      Torrey Zaches, CFA

      Portfolio Manager, Newton Investment Management North America, LLC

      Managing Fund Since 2018

      Joined Firm in 1998

      Joined Industry in 1994

    • Martin Chambers

      Martin Chambers

      Portfolio Manager, Newton Investment Management North America, LLC

      Managing Fund Since September 2023

      Joined Firm in 2010

      Joined Industry in 2006

    • Howard Cunningham

      Howard Cunningham

      Portfolio Manager, Newton

      Managing Fund Since September 2023

      Joined Firm in 2000

      Joined Industry in 1988


    Total Returns

    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 Balanced Opportunity Fund
    DBOZX
    5.95 5.95 16.92 5.43 8.10 7.16 8.12
    Customized Blended Index (Balanced Opportunity)
    5.94 5.94 17.97 5.94 9.30 8.52 -
    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 Balanced Opportunity Fund
    DBOZX
    5.95 5.95 16.92 5.43 8.10 7.16 8.12
    Customized Blended Index (Balanced Opportunity)
    5.94 5.94 17.97 5.94 9.30 8.52 -

    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. The Bloomberg U.S. Aggregate Bond Index is a broad-based flagship benchmark that measures the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM pass-throughs), ABS and CMBS (agency and nonagency). Investors cannot invest directly in any index.

    The total return performance figures presented for Class Z shares of the fund represent the performance of the fund's Class J for periods prior to December 17, 2004, the inception date for Class Z shares, and the performance of Class Z, 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

      Class Z shares are closed to new accounts.

       

      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  03/29/24 Fee Description Expense Ratio (%)
      Management Fee 0.80%
      Shareholder Service Fees 0.08%
      Other Expenses 0.24%
      Total Expenses 1.12%
      Expenses Reimbursed 0.14%
      Net Expenses 0.98%
      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 March 29, 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 .90%. On or after March 29, 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 responsible for overall asset allocation for the fund and for the fund's assets allocated to equity investments, and its affiliate, Insight North America LLC (INA), to serve as the fund's sub-adviser responsible for the fund's assets allocated to fixed income investments. 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. Torrey Zaches, CFA and James Stavena are the fund's primary portfolio managers responsible for overall asset allocation for the fund, positions they have held since November 2018 and June 2022, respectively. Messrs. Zaches and Stavena are employed by NIMNA. Mr. Zaches is a portfolio manager at NIMNA. Mr. Stavena is Head of Portfolio Management, Multi Asset Solutions at NIMNA. Messrs. Zaches and Stavena allocate the fund's assets among equity portfolio managers employed by NIMNA and fixed income portfolio managers employed by INA. The fund's primary portfolio managers responsible for the portion of the fund's assets allocated to equity investments (and when they first held such position) are: Brian C. Ferguson (March 2007), John C. Bailer, CFA (December 2015), James A. Lydotes, CFA (September 2016), Karen Behr (September 2021), Keith Howell (September 2021) and John R. Porter III (October 2021). Howard Cunningham and Martin Chambers are the fund's primary portfolio managers responsible for the portion of the fund's assets allocated to fixed-income investments, positions they have held since September 2023.

      Top Holdings

      As of 03/31/24

      Asset Allocation


          Daily Statistics

          As of 04/22/24 Name NAV Change 03/28/24  12 Month 
          High Nav
          10/27/23  12 Month 
          Low Nav
          YTD Return
          DBOZX
          $22.40
          $0.14
          0.63%
          $23.28 $20.53 1.94%

          Performance Metrics

          Overall Morningstar Rating


          MORNINGSTAR CATEGORY Moderate Allocation


          Morningstar Rating™ as of 03/31/24 for the Class Z shares; other classes may have different performance characteristics. Overall rating for the Moderate Allocation. Fund ratings are out of 5 Stars: Overall 3 Stars (686 funds rated); 3 Yrs. 4 Stars (686 funds rated); 5 Yrs. 3 Stars (646 funds rated); 10 Yrs. 3 Stars (487 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
            248 out of 464
          • 3 Year
            143 out of 437
          • 5 Year
            258 out of 412
          • 10 Year
            173 out of 332

          LIPPER CLASSIFICATION Mixed-Asset Target Alloc Growth 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.
          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.
          Bonds are subject to interest rate, credit, liquidity, call and market risks, to varying degrees. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines.

          Risk Metrics

          As of  03/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DBOZX
          13.49 2.81 1.05 93.50 0.24

          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 Morningstar Moderate Target Risk 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
          Nov 30
          Year Dividend ($) Capital Gains ($)
          2024 0.0000 0.0382
          2023 0.3287 0.9096
          2022 0.2543 0.9749
          2021 0.1074 3.0304
          2020 0.2081 0.8030
          2019 0.3340 0.4717
          2018 0.3004 1.6300
          2017 0.2340 0.9310
          2016 0.2690 0.0000
          2015 0.2230 0.9769

          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
          03/25/24 03/26/24 03/26/24 - 0.0000 0.0006 0.0000 0.0376 0.0382
          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
          12/13/23 12/14/23 12/14/23 0.1538 0.1749 0.0066 0.0076 0.7447 1.0876
          03/27/23 03/28/23 03/28/23 - 0.0000 - 0.0000 0.1507 0.1507
          12/13/22 12/14/22 12/14/22 0.0000 0.1976 0.0000 0.0000 0.7576 0.9552
          03/28/22 03/29/22 03/29/22 0.0567 0.0000 - 0.0000 0.2173 0.2740
          12/14/21 12/15/21 12/15/21 0.0776 0.0298 0.4451 0.1712 2.2887 3.0124
          03/26/21 03/29/21 03/29/21 - 0.0000 0.0313 0.0000 0.0941 0.1254
          12/15/20 12/16/20 12/16/20 0.0871 0.1210 0.0835 0.1160 0.4988 0.9064
          03/24/20 03/25/20 03/25/20 0.0000 0.0000 0.0110 0.0042 0.0895 0.1047
          12/30/19 12/31/19 12/31/19 0.0000 0.3340 0.0000 0.0199 0.3912 0.7451
          03/19/19 03/20/19 03/20/19 0.0000 0.0000 0.0013 0.0000 0.0593 0.0606
          12/28/18 12/31/18 12/31/18 0.1237 0.1767 0.0991 0.1414 1.3895 1.9304
          12/28/17 12/29/17 12/29/17 0.0678 0.1662 0.0475 0.1165 0.7670 1.1650
          12/29/16 12/30/16 12/30/16 0.0000 0.2690 0.0000 0.0000 0.0000 0.2690
          12/30/15 12/31/15 12/31/15 0.0000 0.2230 0.0000 0.0000 0.9769 1.1999
          12/30/14 12/31/14 12/31/14 0.0680 0.1590 0.0554 0.1295 1.5320 1.9439
          12/30/13 12/31/13 12/31/13 0.0000 0.2070 0.0000 0.0000 0.2787 0.4857
          12/28/12 12/31/12 12/31/12 0.0000 0.2200 0.0000 0.0000 0.0000 0.2200
          12/29/11 12/30/11 12/30/11 0.0008 0.2312 0.0000 0.0000 0.0000 0.2320
          12/30/10 12/31/10 12/31/10 0.0035 0.2355 0.0000 0.0000 0.0000 0.2390
          12/30/09 12/31/09 12/31/09 0.0344 0.2226 0.0000 0.0000 0.0000 0.2570
          12/30/08 12/31/08 12/31/08 0.1028 0.3152 0.0000 0.0000 0.0000 0.4180
          12/28/07 12/31/07 12/31/07 0.2282 0.2288 0.1009 0.1011 2.9350 3.5940
          12/28/06 12/29/06 12/29/06 0.0006 0.3564 0.0000 0.0000 0.0000 0.3570
          06/28/06 06/29/06 06/29/06 0.0000 0.0000 0.0000 0.0000 0.0036 0.0036
          12/29/05 12/30/05 12/30/05 0.0008 0.3192 0.0000 0.0000 0.1520 0.4720
          12/29/04 12/30/04 12/30/04 0.0153 0.1994 0.0000 0.0000 0.1167 0.3314
          See all rows...

          Literature

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          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.

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