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    BNY Mellon Select Managers Small Cap Growth Fund

    Overview

    Why invest in this Fund?

    The fund seeks capital appreciation.

    To pursue its goal, the fund normally invests at least 80% of its net assets in the stocks of small cap companies. The fund currently considers small cap companies to be those companies with market capitalizations that fall within the range of companies in the Russell 2000® Growth Index at the time of purchase.

    Min. class investment
    $1,000
    Class Inception Date
    07/01/10
    Fund Assets
    $194,339,375  As of  09/22/23
    Class Assets
    $1,051,112  As of  09/22/23
    Portfolio Turnover Rate
    90.57% As of fiscal year end  05/31/23
    Morningstar Category
    Small Growth
    Benchmark
    Russell 2000® Growth Index
    Morningstar Overall Rating
    Fund Holdings
    365 As of 08/31/23

    Morningstar Rating™ as of August 31, 2023 for the Class A class shares; other classes may have different performance characteristics. Overall rating for the Small Growth category. Fund ratings are out of 5 Stars: Overall 3 Stars (562 funds rated); 3 Yrs. 3 Stars (562 funds rated); 5 Yrs. 3 Stars (526 funds rated); 10 Yrs. 2 Stars (393 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

    • Elena Goncharova

      Elena Goncharova, CFA

      Lead Portfolio Manager,

      4 yr(s). on fund
    Performance

    Total Returns

    Click here to see SALES CHARGE  Max Sales Charge:  5.75%  Front End Load

    Month End

    Average Annual
    As of 08/31/23
    Name 3 MO
    08/31/23     		YTD
    08/31/23     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Select Managers Small Cap Growth Fund
    DSGAX
    		0.64 2.56 -2.47 0.30 1.51 6.70 10.35
    Russell 2000® Growth Index
    		7.45 12.68 6.78 2.67 2.46 8.17 -

    Quarter End

    Average Annual
    As of 06/30/23
    Name 3 MO
    06/30/23     		YTD
    06/30/23     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Select Managers Small Cap Growth Fund
    DSGAX
    		-1.63 2.96 3.45 3.77 3.56 7.34 10.53
    Russell 2000® Growth Index
    		7.05 13.55 18.53 6.10 4.22 8.83 -

    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® Growth Index measures the performance of the small-cap growth segment of the U.S. equity universe. It includes those Russell 2000 companies with higher growth earning potential as defined by Russell's leading style methodology. The Russell 2000® Growth Index is constructed to provide a comprehensive and unbiased barometer for the small-cap growth segment. The index is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true small-cap opportunity set and that the represented companies continue to reflect growth characteristics. 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

      These figures do not reflect the maximum sales charge which, if included, would reduce return.

      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  09/30/22 Fee Description Expense Ratio (%)
      Management Fee 0.90%
      Service Fee 0.25%
      Other Expenses 0.20%
      Total Expenses 1.35%
      Expenses Reimbursed 0.05%
      Net Expenses 1.30%
      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 September 30, 2023, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of Class A, C, I and Y shares of the fund (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest, brokerage commissions, commitment fees on borrowings and extraordinary expenses) do not exceed 1.05%, 1.05%, 1.05% and .98%, respectively. On or after September 30, 2023, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.

      Sales Charge

      There is a 1% CDSC for purchases of $1,000,000 and over if redeemed within one year of purchase.

      Portfolio

      Portfolio Manager/Sub-Investment Adviser

      BNYM Investment Adviser serves as the fund's portfolio allocation manager. BNYM Investment Adviser is responsible for evaluating and recommending sub-advisers for the fund and determining the portion of the fund's assets to be managed by each sub-adviser. BNYM Investment Adviser also is responsible for monitoring and evaluating the performance of the sub-advisers for the fund and recommending to the fund's board whether a sub-adviser should be terminated. Elena Goncharova is primarily responsible for the evaluation, recommendation and monitoring of sub-advisers for the fund. Ms. Goncharova is a portfolio manager and investment strategist with BNY Mellon Wealth Management's Investment Strategy and Solutions Group (ISSG), a registered investment adviser. She has been employed by BNY Mellon since 2012. Ms. Goncharova also is an employee of BNYM Investment. Adviser, since 2018, and performs her responsibilities for the fund in her capacity as an employee of BNYM Investment Adviser. The fund’s sub-advisers are EAM Investors, LLC, Geneva Capital Management LLC, Granite Investment Partners, LLC, Nicholas Investment Partners, L.P., Redwood Investments, LLC and Rice Hall James & Associates, LLC.

      Top Holdings

      Download Total Holdings
      As of 08/31/23

      Asset Allocation

          Stats & Risks

          Daily Statistics

          As of 09/22/23 Name NAV Change 12/02/22  12 Month 
          High Nav           		12/28/22  12 Month 
          Low Nav           		YTD Return
          DSGAX
          		$19.15
          $0.01
          0.05%
          		$22.05 $18.44 1.86%

          Performance Metrics

          Overall Morningstar Rating

          MORNINGSTAR CATEGORY Small Growth

          Morningstar Rating™ as of 08/31/23 for the Class A shares; other classes may have different performance characteristics. Overall rating for the Small Growth. Fund ratings are out of 5 Stars: Overall 3 Stars (562 funds rated); 3 Yrs. 3 Stars (562 funds rated); 5 Yrs. 3 Stars (526 funds rated); 10 Yrs. 2 Stars (393 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
            516 out of 657
          • 3 Year
            383 out of 625
          • 5 Year
            443 out of 582
          • 10 Year
            361 out of 425

          LIPPER CLASSIFICATION Small-Cap Growth Funds

          Lipper Category returns and rankings 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.
          Multi-manager risk means each sub adviser makes investment decisions independently, and it is possible that the investment styles of the sub advisers may not complement one another. Consequently, the fund's exposure to a given stock, industry or investment style could be greater or smaller than if the fund had a single adviser.

          Risk Metrics

          As of  08/31/23  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DSGAX
          		20.04 -7.12 0.98 74.40 0.12

          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
          May 31
          Year Dividend ($) Capital Gains ($)
          2022 0.0000 1.8100
          2021 0.0000 5.5308
          2020 0.0000 2.4978
          2019 0.0000 1.2617
          2018 0.0000 4.3033
          2017 0.0000 1.8111
          2015 0.0000 1.5206
          2014 0.0000 1.9618
          2013 0.0000 1.3186
          2010 0.0000 0.0480

          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
          12/14/22 12/15/22 12/15/22 0.0000 0.0000 0.0000 0.0000 1.8100 1.8100 18.96
          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
          12/15/21 12/16/21 12/16/21 0.0000 0.0000 2.2484 0.1532 3.1292 5.5308 -
          12/16/20 12/17/20 12/17/20 0.0000 0.0000 0.9314 0.0909 1.4755 2.4978 -
          12/18/19 12/19/19 12/19/19 0.0000 0.0000 0.0000 0.0000 1.2617 1.2617 -
          12/18/18 12/19/18 12/19/18 0.0000 0.0000 1.1347 0.2120 2.9566 4.3033 -
          12/19/17 12/20/17 12/20/17 0.0000 0.0000 0.0494 0.1097 1.6520 1.8111 -
          12/21/15 12/22/15 12/22/15 0.0000 0.0000 0.0000 0.0000 1.5206 1.5206 -
          12/17/14 12/18/14 12/18/14 0.0000 0.0000 0.0306 0.0840 1.8472 1.9618 -
          12/03/13 12/04/13 12/04/13 0.0000 0.0000 0.4397 0.0712 0.8077 1.3186 -
          12/15/10 12/16/10 12/16/10 0.0000 0.0000 0.0238 0.0242 0.0000 0.0480 -
          Literature

          Literature

          Factsheet, Prospectus and Reports

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          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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