Please ensure Javascript is enabled for purposes of website accessibility

    BNY Mellon Opportunistic Small Cap Fund

    Overview

    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
    09/30/16
    Fund Assets
    $300,643,701  As of  12/01/23
    Class Assets
    $19,589,859  As of  12/01/23
    Portfolio Turnover Rate
    38.26% As of fiscal year end  08/31/23
    Morningstar Category
    Small Blend
    Benchmark
    Russell 2000® Index
    Fund Holdings
    82 As of 10/31/23

    Morningstar Rating™ as of October 31, 2023 for the Class I class shares; other classes may have different performance characteristics. Overall rating for the Small Blend category. Fund ratings are out of 5 Stars: Overall 1 Stars (595 funds rated); 3 Yrs. 1 Stars (595 funds rated); 5 Yrs. 1 Stars (556 funds rated); 10 Yrs. 1 Stars (387 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.

     

    Portfolio Managers

    • Patrick Kent

      Patrick Kent, CFA

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

      4 yr(s). on fund
    • Andrew Leger

      Andrew Leger

      Portfolio Manager, Newton Investment Management North America, LLC

      2 yr(s). on fund
    Performance

    Total Returns

    Month End

    Average Annual
    As of 11/30/23
    Name 3 MO
    11/30/23     		YTD
    11/30/23     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Opportunistic Small Cap Fund
    DOPIX
    		-7.37 -0.72 -6.18 1.56 3.45 5.03 10.17

    Quarter End

    Average Annual
    As of 09/30/23
    Name 3 MO
    09/30/23     		YTD
    09/30/23     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Opportunistic Small Cap Fund
    DOPIX
    		-6.64 -0.07 7.44 6.79 1.05 5.77 10.26
    Russell 2000® Index
    		-5.13 2.54 8.93 7.16 2.40 6.65 -

    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.

    The total return performance figures presented for Class I shares of the fund represent the performance of the fund's Investor Shares for periods prior to September 30, 2016, 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

      Past performance is no guarantee of future results.

      Yearly Total Return

      Yearly

      Investment return fluctuates and past performance is no guarantee of future results.

      Fees & Expenses

      Prospectus Fee Table Expense Ratios

      As of  12/30/22 Fee Description Expense Ratio (%)
      Management Fee 0.75%
      Other Expenses 0.18%
      Total Expenses 0.93%
      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

      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 fund is managed 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 NIMNA. Mr. Leger is a portfolio manager at NIMNA.

      Top Holdings

      Download Total Holdings
      As of 10/31/23

      Asset Allocation

          Stats & Risks

          Daily Statistics

          As of 12/01/23 Name NAV Change 02/02/23  12 Month 
          High Nav           		10/27/23  12 Month 
          Low Nav           		YTD Return
          DOPIX
          		$28.51
          $0.71
          2.55%
          		$32.17 $25.52 1.82%

          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  10/31/23  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DOPIX
          		22.93 -5.93 1.10 73.01 0.19

          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.

          Distributions

          Dividend Schedule

          Declared
          Annually
          Distributed
          Annually
          Paid
          Annually
          Fiscal Year End
          Aug 31
          Year Dividend ($) Capital Gains ($)
          2022 0.0000 1.1210
          2021 0.0000 3.4046
          2020 0.1059 0.0000
          2019 0.1204 0.0000
          2018 0.0000 6.7872
          2017 0.0000 4.5552
          2016 0.0000 0.1368

          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           		Reinvest 
          NAV
          12/08/22 12/09/22 12/09/22 0.0000 0.0000 0.0000 0.0000 1.1210 1.1210 28.17
          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           		Reinvest 
          NAV
          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 0.1059 0.0000 0.0000 0.0000 0.1059 -
          12/13/19 12/16/19 12/16/19 0.0000 0.1204 0.0000 0.0000 0.0000 0.1204 -
          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 -
          Literature

          Literature

          Factsheet, Prospectus and Reports

          • Download
          • Share
          • Subscribe
          • Order
          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.