Please ensure Javascript is enabled for purposes of website accessibility

    BNY Mellon Small/Mid Cap Growth Fund

    Overview

    Why invest in this Fund?

    The fund seeks long-term growth of capital. To pursue this goal, the fund invests, under normal circumstances, at least 80% of its assets in equity securities of small-cap and mid-cap U.S. companies. The fund currently considers small-cap and mid-cap companies to be those with total market capitalizations that are equal to or less than the total market capitalization of the largest company included in the Russell 2500 ® Growth Index.

    Min. class investment
    $1,000
    Class Inception Date
    03/31/09
    Fund Assets
    $2,119,259,973  As of  12/01/23
    Class Assets
    $387,816,665  As of  12/01/23
    Portfolio Turnover Rate
    36.02% As of fiscal year end  09/30/23
    Morningstar Category
    Mid-Cap Growth
    Benchmark
    Russell 2500® Growth Index
    Fund Holdings
    86 As of 10/31/23

    Morningstar Rating™ as of October 31, 2023 for the Class A class shares; other classes may have different performance characteristics. Overall rating for the Mid-Cap Growth category. Fund ratings are out of 5 Stars: Overall 2 Stars (521 funds rated); 3 Yrs. 1 Stars (521 funds rated); 5 Yrs. 2 Stars (493 funds rated); 10 Yrs. 2 Stars (396 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

    • John Porter

      John Porter

      CIO, Head of Equity, Newton Investment Management North America, LLC

      6 yr(s). on fund
    • Karen Miki Behr

      Karen Miki Behr

      Portfolio Manager, Newton Investment Management North America, LLC

      2 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 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 Small/Mid Cap Growth Fund
    DBMAX
    		-10.85 -2.19 -7.49 -12.50 5.37 7.59 11.15

    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 Small/Mid Cap Growth Fund
    DBMAX
    		-12.85 -4.11 2.05 -9.15 2.17 7.79 11.14
    Russell 2500® Growth Index
    		-6.84 5.63 10.61 1.01 4.05 8.37 -

    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 2500™ Growth Index measures the performance of the small- to mid-cap growth segment of the U.S. equity universe. It includes those Russell 2500 companies with higher growth earning potential as defined by Russell's leading style methodology. The Russell 2500 Growth Index is constructed to provide a comprehensive and unbiased barometer of the small- to mid-cap growth market. The index is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true small- to mid-cap opportunity set and that the represented companies continue to reflect growth characteristics. Investors cannot invest directly in any index.

    The total return performance figures presented for Class A shares of the fund represent the performance of the fund's Class I for periods prior to March 31, 2009, the inception date for Class A shares, and the performance of Class A, 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

       

      Yearly Total Return

      Yearly

      Fees & Expenses

      Prospectus Fee Table Expense Ratios

      As of  02/01/23 Fee Description Expense Ratio (%)
      Management Fee 0.60%
      Service Fee 0.25%
      Administration Fee 0.01%
      Other Expenses 0.12%
      Total Expenses 0.98%
      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.

      Sales Charge

      Portfolio

      Portfolio Manager/Sub-Investment Adviser

      Newton Investment Management North America, LLC (NIMNA), the fund's sub-adviser, 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, including, but not limited to, portfolio management services. NIM is subject to the supervision of NIMNA and BNY Mellon Investment Adviser, Inc., the fund's investment adviser. 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 John Porter, the lead portfolio manager, and Karen Behr. Mr. Porter has been a primary portfolio manager of the fund since March 2017, and is Chief Investment Officer and Head of Equity at NIMNA. He has been employed by NIMNA or a predecessor company of NIMNA since August 2016. Ms. Behr has been a primary portfolio manager of the fund since September 2021, and is a portfolio manager at NIMNA. She has been employed by NIMNA or a predecessor company of NIMNA since 2008.

      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           		10/30/23  12 Month 
          Low Nav           		YTD Return
          DBMAX
          		$22.89
          $0.54
          2.42%
          		$24.70 $19.98 6.27%

          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.

          Risk Metrics

          As of  10/31/23  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DBMAX
          		23.67 -20.31 1.12 71.54 -0.42

          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
          Sep 30
          Year Dividend ($) Capital Gains ($)
          2021 0.0000 3.1308
          2020 0.0000 3.0865
          2018 0.0000 1.5708
          2017 0.0000 1.8050
          2016 0.0000 0.3764
          2015 0.0000 1.0304
          2014 0.0000 1.8123
          2013 0.0000 2.0995
          2012 0.0000 1.1980
          2011 0.0000 1.1540

          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
          11/30/21 12/01/21 12/01/21 0.0000 0.0000 0.6602 0.0421 2.4285 3.1308 31.23
          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
          11/30/20 12/01/20 12/01/20 0.0000 0.0000 0.0000 0.0000 3.0865 3.0865 -
          11/30/18 12/03/18 12/03/18 0.0000 0.0000 0.2349 0.0585 1.2774 1.5708 -
          12/06/17 12/07/17 12/07/17 0.0000 0.0000 0.1536 0.0679 1.5835 1.8050 -
          12/06/16 12/07/16 12/07/16 0.0000 0.0000 0.0000 0.0000 0.3764 0.3764 -
          12/07/15 12/08/15 12/08/15 0.0000 0.0000 0.0000 0.0000 1.0304 1.0304 -
          12/16/14 12/17/14 12/17/14 0.0000 0.0000 0.2665 0.0836 1.4622 1.8123 -
          12/03/13 12/04/13 12/04/13 0.0000 0.0000 0.4434 0.0799 1.5762 2.0995 -
          12/03/12 12/04/12 12/04/12 0.0000 0.0000 0.3101 0.0889 0.7990 1.1980 -
          12/02/11 12/05/11 12/05/11 0.0000 0.0000 0.0000 0.0430 1.1110 1.1540 -
          Literature

          Literature

          PRODUCT MATERIALS

          • Download
          • Share
          • Subscribe
          • Order
          BNY Mellon Small/Mid Cap Growth Fund - Investment Report Download
          BNY Mellon Small/Mid Cap Growth Fund - Presentation Download
          BNY Mellon Small/Mid Cap Growth Fund - Top 10 Rationale Download
          BNY Mellon Small/Mid Cap Growth Fund - Commentary Download
          Re-Entry Point: Current Volatility Provides Opportunity for SMID Growth Download
          Small Caps, Big Opportunities? - White Paper Download

          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.