BNY Mellon Opportunistic Small Cap 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 the stocks of small-cap companies with market capitalizations within the range of companies in the Russell 2000 Index at the time of purchase. The fund's stock investments may include common stocks, preferred stocks and convertible securities of both U.S. and foreign issuers. Stocks are selected for the fund's portfolio based primarily on bottom-up fundamental analysis.

    Min. Class Investment
    $1,000
    Class Inception Date
    12/29/93
    Fund Assets
    $261,083,214  As of  07/18/24
    Class Assets
    $218,366,774  As of  07/18/24
    Portfolio Turnover Rate
    38.26% As of fiscal year end  08/31/23
    Morningstar Category
    Small Blend
    Benchmark
    Russell 2000® Index
    Fund Holdings
    75 As of 06/30/24

    Portfolio Managers

    • 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 06/30/24
    Name 3 MO
    06/30/24
    YTD
    06/30/24
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Opportunistic Small Cap Fund
    DSCVX
    0.84 0.54 2.49 -3.18 6.12 5.36 10.28
    Russell 2000® Index
    -3.28 1.73 10.06 -2.58 6.94 7.00 -
    Average Annual
    As of 06/30/24
    Name 3 MO
    06/30/24
    YTD
    06/30/24
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Opportunistic Small Cap Fund
    DSCVX
    0.84 0.54 2.49 -3.18 6.12 5.36 10.28
    Russell 2000® Index
    -3.28 1.73 10.06 -2.58 6.94 7.00 -

    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 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.


    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

      Past performance is no guarantee of future results.

      Yearly Total Return


      Prospectus Fee Table Expense Ratios

      As of  04/01/24 Fee Description Expense Ratio (%)
      Management Fee 0.75%
      Service Fee 0.25%
      Other Expenses 0.14%
      Total Expenses 1.14%
      Expenses Reimbursed 0.05%
      Net Expenses 1.09%
      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.
      Effective on April 1, 2024, the fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed to waive receipt of a portion of its management fee in the amount of .05% of the value of the fund's average daily net assets until December 29, 2024. On or after December 29, 2024, BNY Mellon Investment Adviser, Inc. may terminate this waiver 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. Andrew Leger is the fund's primary portfolio manager. Mr. Leger has been a portfolio manager of the fund since September 2021 and is a portfolio manager at NIMNA.

      Top Holdings

      As of 06/30/24

      Asset Allocation


          Daily Statistics

          As of 07/18/24 Name NAV Change 07/16/24  12 Month 
          High Nav
          10/27/23  12 Month 
          Low Nav
          YTD Return
          DSCVX
          $31.34
          -$0.56
          -1.76%
          $32.23 $25.20 7.23%

          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.
          A significant overweight or underweight of companies, industries, or market sectors could cause performance to be more or less sensitive to developments affecting those sectors.

          Risk Metrics

          As of  06/30/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DSCVX
          21.86 -12.42 1.05 72.60 -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.


          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 0.1148 0.2909
          2022 0.0000 1.1210
          2021 0.0000 3.4046
          2020 0.0672 0.0000
          2019 0.0457 0.0000
          2018 0.0000 6.7872
          2017 0.0000 4.5552
          2016 0.0000 0.1368
          2015 0.1025 1.0722
          2014 0.0000 5.4634

          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 0.1148 0.0000 0.0000 0.2909 0.4057
          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
          12/08/22 12/09/22 12/09/22 0.0000 0.0000 0.0000 0.0000 1.1210 1.1210
          12/09/21 12/10/21 12/10/21 0.0000 0.0000 0.0000 0.0000 3.4046 3.4046
          12/09/20 12/10/20 12/10/20 0.0000 0.0672 0.0000 0.0000 0.0000 0.0672
          12/13/19 12/16/19 12/16/19 0.0000 0.0457 0.0000 0.0000 0.0000 0.0457
          12/13/18 12/14/18 12/14/18 0.0000 0.0000 1.2654 0.2799 5.2419 6.7872
          12/14/17 12/15/17 12/15/17 0.0000 0.0000 0.3462 0.1518 4.0572 4.5552
          12/15/16 12/16/16 12/16/16 0.0000 0.0000 0.0000 0.0000 0.1368 0.1368
          12/15/15 12/16/15 12/16/15 0.0000 0.1025 0.0000 0.0000 1.0722 1.1747
          12/17/14 12/18/14 12/18/14 0.0000 0.0000 1.2336 0.2724 3.9574 5.4634
          12/10/13 12/11/13 12/11/13 0.0000 0.0000 0.2146 0.2051 3.9843 4.4040
          12/07/11 12/08/11 12/08/11 0.0000 0.0000 1.0252 0.1648 1.8292 3.0192
          12/13/10 12/14/10 12/14/10 0.0000 0.0030 0.0000 0.1630 0.3290 0.4950
          12/02/08 12/03/08 12/03/08 0.0800 0.0770 0.0601 0.0579 0.0000 0.2750
          12/04/07 12/05/07 12/05/07 0.0788 0.0252 2.8846 0.9214 1.5000 5.4100
          12/05/06 12/06/06 12/06/06 0.0000 0.0000 0.4832 0.1868 0.3610 1.0310
          12/12/05 12/13/05 12/13/05 0.0000 0.0000 0.1055 0.1035 2.1830 2.3920
          12/10/01 12/11/01 12/11/01 0.0000 0.0000 6.1200 0.0000 0.0000 7.0580
          11/29/00 11/30/00 11/30/00 0.0000 0.0000 1.6100 0.0000 0.0000 1.6100
          11/30/99 12/01/99 12/01/99 0.0000 0.0000 1.4090 0.0000 0.0000 1.4090
          12/08/97 12/09/97 12/09/97 0.0150 0.0000 0.3400 0.0000 0.0000 0.4000
          12/13/96 12/16/96 12/16/96 0.0400 0.0000 1.9100 0.0000 0.0000 2.1350
          12/07/95 12/08/95 12/08/95 0.0900 0.0000 1.0100 0.0000 0.0000 1.1000
          12/02/94 12/05/94 12/05/94 0.3300 0.0000 0.5300 0.0000 0.0000 0.8600
          See all rows...

          Literature

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