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    BNY Mellon Dynamic Value Fund

    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
    $5,196,673,284  As of  04/22/24
    Class Assets
    $3,613,616,664  As of  04/22/24
    Portfolio Turnover Rate
    106.44% As of fiscal year end  08/31/23
    Morningstar Category
    Large Value
    Benchmark
    Russell 1000® Value Index
    Morningstar Overall Rating
    Fund Holdings
    73 As of 03/31/24

    Morningstar Rating™ as of March 31, 2024 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 (1118 funds rated); 3 Yrs. 5 Stars (1118 funds rated); 5 Yrs. 5 Stars (1058 funds rated); 10 Yrs. 4 Stars (816 funds rated).

    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,

      Managing Fund Since 2021

      Joined Firm in 2006

      Joined Industry in 2004


    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 Dynamic Value Fund
    DRGVX
    9.55 9.55 23.05 14.50 15.36 11.28 11.52
    Russell 1000® Value Index
    8.99 8.99 20.27 8.11 10.32 9.01 -
    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 Dynamic Value Fund
    DRGVX
    9.55 9.55 23.05 14.50 15.36 11.28 11.52
    Russell 1000® Value Index
    8.99 8.99 20.27 8.11 10.32 9.01 -

    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  12/29/23 Fee Description Expense Ratio (%)
      Management Fee 0.60%
      Other Expenses 0.12%
      Total Expenses 0.72%
      Expenses Reimbursed 0.04%
      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 29, 2024, 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 29, 2024, 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 03/31/24

      Asset Allocation


          Daily Statistics

          As of 04/22/24 Name NAV Change 03/28/24  12 Month 
          High Nav
          05/31/23  12 Month 
          Low Nav
          YTD Return
          DRGVX
          $43.62
          $0.36
          0.83%
          $45.30 $37.96 5.49%

          Performance Metrics

          Overall Morningstar Rating


          MORNINGSTAR CATEGORY Large Value


          Morningstar Rating™ as of 03/31/24 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 (1118 funds rated); 3 Yrs. 5 Stars (1118 funds rated); 5 Yrs. 5 Stars (1058 funds rated); 10 Yrs. 4 Stars (816 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
            257 out of 673
          • 3 Year
            8 out of 620
          • 5 Year
            25 out of 585
          • 10 Year
            22 out of 423

          LIPPER CLASSIFICATION Multi-Cap Value 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 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  03/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DRGVX
          15.84 4.30 0.80 78.40 0.75

          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
          Year Dividend ($) Capital Gains ($)
          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
          2014 0.4776 4.1586

          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
          12/05/23 12/06/23 12/06/23 0.0000 0.4226 0.0000 0.0000 1.7741 2.1967
          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
          12/05/22 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 - Whats in a Name Download
          BNY Mellon Dynamic Value Fund - Finding Value 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
          Insider - BNY Mellon Dynamic Value Fund Article Reprint Download

          Factsheet, Prospectus and Reports

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          Factsheet Download
          Prospectus Download
          Summary Prospectus Download
          SAI Download
          Annual Report Download
          Semi Annual Report 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.