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    BNY Mellon Opportunistic Midcap Value Fund

    Why invest in this Fund?

    The fund seeks to surpass the performance of the Russell Midcap® Value Index. To pursue this goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of mid-cap companies. The fund currently considers mid-cap companies to be those with market capitalizations, at the time of purchase, within the market capitalization range of companies comprising the Russell Midcap® Value Index. The fund's portfolio managers identify potential investments through extensive quantitative and fundamental research. The fund focuses on individual stock selection (a "bottom-up" approach), emphasizing three key factors: relative value, business health, and business momentum.
    Min. class investment
    $1,000
    Class Inception Date
    05/30/08
    Class Status
    Not available for purchase by individual investors.
    Fund Assets
    $397,904,462  As of  04/16/24
    Class Assets
    $104,388,076  As of  04/16/24
    Portfolio Turnover Rate
    32.73% As of fiscal year end  08/31/23
    Morningstar Category
    Mid-Cap Blend
    Benchmark
    Russell Midcap Value Index
    Morningstar Overall Rating
    Fund Holdings
    67 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 Mid-Cap Blend category. Fund ratings are out of 5 Stars: Overall 3 Stars (392 funds rated); 3 Yrs. 3 Stars (392 funds rated); 5 Yrs. 3 Stars (360 funds rated); 10 Yrs. 2 Stars (252 funds rated).

    Portfolio Managers

    • Patrick  Kent

      Patrick Kent, CFA

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

      Managing Fund Since 2019

      Joined Firm in 2019

      Joined Industry in 1998

    • Andrew Leger

      Andrew Leger

      Portfolio Manager, Newton Investment Management North America, LLC

      Managing Fund Since 2021

      Joined Firm in 2014

      Joined Industry in 1998


    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 Opportunistic Midcap Value Fund
    DVLIX
    9.18 9.18 23.62 6.20 11.03 7.84 11.67
    Russell Midcap Value Index
    8.23 8.23 20.40 6.80 9.94 8.57 -
    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 Opportunistic Midcap Value Fund
    DVLIX
    9.18 9.18 23.62 6.20 11.03 7.84 11.67
    Russell Midcap Value Index
    8.23 8.23 20.40 6.80 9.94 8.57 -

    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 Midcap® Value Index measures the performance of the mid-cap value segment of the U.S. equity universe. It includes those Russell Midcap® Index companies that are considered more value-oriented relative to the overall market as defined by Russell’s leading style methodology. The Russell Midcap® Value Index is constructed to provide a comprehensive and unbiased barometer of the mid-cap value market. The index is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true mid-cap value market. 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 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

    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 0.75%
      Other Expenses 0.22%
      Total Expenses 0.97%
      Net Expenses 0.97%
      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.

      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. Investment decisions for the fund are made by a team of investment professionals employed by NIMNA. The team members who are jointly and primarily responsible for managing the fund's portfolio are Patrick Kent, CFA, CMT and Andrew Leger. Mr. Kent has served as lead portfolio manager of the fund since March 2019. Mr. Leger has been a portfolio manager of the fund since September 2021. Mr. Kent is Deputy Head of Equity Opportunities and a portfolio manager at Newton. Mr. Leger is a portfolio manager at NIMNA.

      Top Holdings

      As of 03/31/24

      Asset Allocation


          Daily Statistics

          As of 04/16/24 Name NAV Change 03/28/24  12 Month 
          High Nav
          05/04/23  12 Month 
          Low Nav
          YTD Return
          DVLIX
          $30.95
          -$0.18
          -0.58%
          $32.59 $26.76 4.29%

          Performance Metrics

          Overall Morningstar Rating


          MORNINGSTAR CATEGORY Mid-Cap Blend


          Morningstar Rating™ as of 03/31/24 for the Class I shares; other classes may have different performance characteristics. Overall rating for the Mid-Cap Blend. Fund ratings are out of 5 Stars: Overall 3 Stars (392 funds rated); 3 Yrs. 3 Stars (392 funds rated); 5 Yrs. 3 Stars (360 funds rated); 10 Yrs. 2 Stars (252 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
            104 out of 336
          • 3 Year
            223 out of 316
          • 5 Year
            138 out of 298
          • 10 Year
            156 out of 218

          LIPPER CLASSIFICATION Mid-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.
          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.
          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
          DVLIX
          17.31 -3.60 0.86 75.81 0.26

          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 0.2506 0.9896
          2022 0.1470 1.8222
          2021 0.0757 4.1287
          2020 0.0907 0.0000
          2019 0.1157 0.0000
          2018 0.0048 6.9275
          2017 0.1458 4.3746
          2016 0.1208 1.5001
          2015 0.0241 6.1013
          2014 0.1460 4.3436

          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
          12/11/23 12/12/23 12/12/23 0.0000 0.2506 0.0000 0.0000 0.9896 1.2402
          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
          12/07/22 12/08/22 12/08/22 0.0000 0.1470 0.0000 0.0000 1.8222 1.9692
          12/07/21 12/08/21 12/08/21 0.0000 0.0757 0.0000 0.0000 4.1287 4.2044
          12/07/20 12/08/20 12/08/20 0.0000 0.0905 0.0000 0.0000 0.0000 0.0905
          03/25/20 03/26/20 03/26/20 0.0000 0.0002 0.0000 0.0000 0.0000 0.0002
          12/09/19 12/10/19 12/10/19 0.0000 0.1157 0.0000 0.0000 0.0000 0.1157
          12/10/18 12/11/18 12/11/18 0.0042 0.0006 2.7974 0.4080 3.7221 6.9323
          12/11/17 12/12/17 12/12/17 0.0930 0.0528 0.7383 0.4191 3.2172 4.5204
          12/12/16 12/13/16 12/13/16 0.0000 0.1208 0.0000 0.2311 1.2690 1.6209
          12/14/15 12/15/15 12/15/15 0.0000 0.0241 0.0000 0.5587 5.5426 6.1254
          12/03/14 12/04/14 12/04/14 0.0806 0.0654 0.6065 0.4924 3.2447 4.4896
          12/03/13 12/04/13 12/04/13 0.0303 0.0457 0.1916 0.2886 3.7746 4.3308
          12/21/12 12/24/12 12/24/12 0.0000 0.1250 0.0000 0.0000 0.0000 0.1250
          05/10/12 05/11/12 05/11/12 0.0130 0.0000 0.0000 0.0000 0.0000 0.0130
          12/15/11 12/16/11 12/16/11 0.1039 0.2771 0.1115 0.2973 4.4916 5.2814
          03/19/10 03/22/10 03/22/10 0.0000 0.0300 0.0000 0.0000 0.0000 0.0300
          12/09/09 12/10/09 12/10/09 0.0000 0.1300 0.0000 0.0000 0.0000 0.1300
          12/09/08 12/10/08 12/10/08 0.0000 0.0960 0.0000 0.0000 0.0000 0.0960
          See all rows...

          Literature

          PRODUCT MATERIALS

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          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.

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