Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.6%
1 yr return
17.3%
3 Yr Avg Return
3.0%
5 Yr Avg Return
10.5%
Net Assets
$317 M
Holdings in Top 10
43.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.77%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 35.32%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DLQIX - Profile
Distributions
- YTD Total Return 0.6%
- 3 Yr Annualized Total Return 3.0%
- 5 Yr Annualized Total Return 10.5%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.49%
- Dividend Yield 0.8%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameBNY Mellon Large Cap Equity Fund
-
Fund Family NameDreyfus
-
Inception DateSep 15, 2008
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerThomas Lee
Fund Description
The following information supersedes and replaces the information in the sections "Principal Investment Strategy" in the fund's summary prospectus and "Fund Summary – Principal Investment Strategy" in the fund's prospectus:
To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of large capitalization companies. The fund considers large-cap companies to be those companies with market capitalizations of $5 billion or more at the time of purchase. The fund invests in growth-oriented stocks and value-oriented stocks. The fund invests primarily in equity securities of U.S. issuers, but may invest in the equity securities of foreign issuers, including those in emerging market countries.
The fund is designed to provide investment exposure to the Equity Income Strategy and the Growth Strategy employed by Newton Investment Management North America, LLC, the fund's sub-adviser. The fund's portfolio manager responsible for portfolio construction uses a collaborative process, engaging with the portfolio managers responsible for the Equity Income Strategy and the Growth Strategy to select the best opportunities from the companies identified and recommended from the strategies. Although there is no target or limitation on the amount of fund assets to be allocated to stocks of companies included in either investment strategy, the fund typically invests in stocks selected from both the Equity Income Strategy and the Growth Strategy.
Description of the Equity Income Strategy and the Growth Strategy
The following describes the investment strategies employed by the portfolio managers responsible for the Equity Income Strategy and the Growth Strategy in identifying investment opportunities for the fund.
Equity Income Strategy
The portfolio managers responsible for the Equity Income Strategy focus on dividend-paying stocks and other investments that provide income. The portfolio managers responsible for the Equity Income Strategy identify stocks through a disciplined investment process that combines computer modeling techniques and fundamental analysis. The Equity Income Strategy emphasizes those stocks with value characteristics, although the portfolio managers for the strategy also may identify for investment stocks with growth characteristics.
The portfolio managers responsible for the Equity Income Strategy may recommend selling a security held in the Equity Income Strategy when the buy rationale has changed. This might be because the target price has been reached or the portfolio managers responsible for the Equity Income Strategy believe that there has been a negative change in the fundamental factors surrounding the company.
Growth Strategy
Theportfolio managers responsible for the Growth Strategy employ a growth-oriented investment style, which means that they seek to identify stocks of companies that are experiencing or are expected to experience rapid earnings or revenue growth. The portfolio managers responsible for the Growth Strategy focus on high quality companies, especially those with products or services that are believed to be leaders in their market niches. The portfolio managers responsible for the Growth Strategy focus on individual stock selection, instead of trying to predict which industries or sectors will perform best. The Growth Strategy portfolio managers use fundamental research complemented by "thematic insights" to
identify companies considered to have attractive investment characteristics, such as strong business models and competitive positions, solid cash flows and balance sheets, high quality management and high sustainable earnings growth.
The portfolio managers responsible for the Growth Strategy may recommend selling a security held in the Growth Strategy if the company's business momentum deteriorates or valuation becomes excessive. The portfolio managers responsible for the Growth Strategy also may recommend selling a security in the Growth Strategy if an event occurs that contradicts their rationale for purchasing it, such as deterioration in the company's financial fundamentals. In addition, the portfolio managers responsible for the Growth Strategy may recommend selling a security if better investment opportunities emerge elsewhere.
Portfolio Construction
The portfolio manager responsible for portfolio construction collaborates with both the portfolio managers responsible for the Equity Income Strategy and the portfolio managers responsible for the Growth Strategy to construct a high conviction portfolio, while seeking to manage risk. At the security level, the portfolio manager responsible for portfolio construction considers for investment by the fund those securities recommended by the portfolio managers responsible for the Equity Income Strategy and the Growth Strategy. With the universe identified, portfolio construction targets preserving the main investment exposures that the portfolio managers for the separate strategies are seeking to provide. At the sector level, portfolio construction will tilt the fund's portfolio to reflect the preferences of the portfolio managers responsible for the Equity Income Strategy and the Growth Strategy. The portfolio manager responsible for portfolio construction monitors security and sector weightings and regularly evaluates the fund's risk-adjusted returns to manage the risk profile of the fund's portfolio and adjust exposure limits as necessary.
DLQIX - Performance
Return Ranking - Trailing
Period | DLQIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.6% | -9.6% | 28.7% | 52.95% |
1 Yr | 17.3% | -11.6% | 75.4% | 88.86% |
3 Yr | 3.0%* | -26.6% | 33.9% | 69.18% |
5 Yr | 10.5%* | -14.4% | 30.8% | 78.58% |
10 Yr | 10.6%* | -5.3% | 19.1% | 74.97% |
* Annualized
Return Ranking - Calendar
Period | DLQIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -12.1% | -74.1% | 72.4% | 99.23% |
2022 | -32.5% | -85.9% | 4.7% | 40.21% |
2021 | 12.1% | -52.4% | 60.5% | 35.63% |
2020 | 18.6% | -34.3% | 145.0% | 74.91% |
2019 | 23.5% | -21.8% | 49.4% | 59.04% |
Total Return Ranking - Trailing
Period | DLQIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.6% | -9.6% | 28.7% | 52.95% |
1 Yr | 17.3% | -11.6% | 75.4% | 88.86% |
3 Yr | 3.0%* | -26.6% | 33.9% | 69.18% |
5 Yr | 10.5%* | -14.4% | 30.8% | 78.58% |
10 Yr | 10.6%* | -5.3% | 19.1% | 74.97% |
* Annualized
Total Return Ranking - Calendar
Period | DLQIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 16.9% | -4.6% | 72.4% | 96.39% |
2022 | -23.5% | -61.7% | 5.6% | 18.53% |
2021 | 27.8% | -39.8% | 118.1% | 14.15% |
2020 | 23.8% | 2.8% | 149.2% | 85.53% |
2019 | 29.7% | -5.2% | 49.4% | 79.13% |
NAV & Total Return History
DLQIX - Holdings
Concentration Analysis
DLQIX | Category Low | Category High | DLQIX % Rank | |
---|---|---|---|---|
Net Assets | 317 M | 242 K | 222 B | 66.47% |
Number of Holdings | 62 | 1 | 3217 | 49.92% |
Net Assets in Top 10 | 146 M | 104 K | 111 B | 70.15% |
Weighting of Top 10 | 43.39% | 0.7% | 205.0% | 75.32% |
Top 10 Holdings
- MICROSOFT CORP 8.26%
- APPLE INC 6.11%
- ALPHABET INC 6.04%
- AMAZON.COM INC 4.70%
- NVIDIA CORP 3.89%
- ELI LILLY CO 3.04%
- Dreyfus Institutional Preferred Government Plus Money Market Fund 2.94%
- BERKSHIRE HATHAWAY INC 2.93%
- JPMORGAN CHASE CO 2.89%
- EXXON MOBIL CORP 2.59%
Asset Allocation
Weighting | Return Low | Return High | DLQIX % Rank | |
---|---|---|---|---|
Stocks | 97.13% | 0.00% | 130.05% | 79.43% |
Cash | 2.94% | -1.50% | 173.52% | 18.38% |
Preferred Stocks | 0.00% | 0.00% | 7.84% | 98.15% |
Other | 0.00% | -43.49% | 59.52% | 91.48% |
Convertible Bonds | 0.00% | 0.00% | 1.94% | 96.45% |
Bonds | 0.00% | 0.00% | 104.15% | 97.47% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DLQIX % Rank | |
---|---|---|---|---|
Technology | 24.32% | 0.00% | 65.70% | 86.57% |
Healthcare | 15.52% | 0.00% | 39.76% | 23.99% |
Financial Services | 13.94% | 0.00% | 43.06% | 17.57% |
Consumer Cyclical | 9.66% | 0.00% | 62.57% | 87.42% |
Industrials | 9.58% | 0.00% | 30.65% | 14.61% |
Communication Services | 8.98% | 0.00% | 66.40% | 67.65% |
Consumer Defense | 6.12% | 0.00% | 25.50% | 16.89% |
Energy | 5.16% | 0.00% | 41.09% | 8.61% |
Basic Materials | 2.39% | 0.00% | 18.91% | 25.25% |
Utilities | 2.21% | 0.00% | 16.07% | 7.43% |
Real Estate | 2.10% | 0.00% | 16.05% | 27.03% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DLQIX % Rank | |
---|---|---|---|---|
US | 97.13% | 0.00% | 130.05% | 65.01% |
Non US | 0.00% | 0.00% | 78.10% | 98.48% |
DLQIX - Expenses
Operational Fees
DLQIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.77% | 0.01% | 19.54% | 67.71% |
Management Fee | 0.70% | 0.00% | 1.50% | 70.03% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 1.02% | N/A |
Sales Fees
DLQIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 8.50% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
DLQIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
DLQIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 35.32% | 0.00% | 316.74% | 54.39% |
DLQIX - Distributions
Dividend Yield Analysis
DLQIX | Category Low | Category High | DLQIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.85% | 0.00% | 28.41% | 0.17% |
Dividend Distribution Analysis
DLQIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annually | SemiAnnual | Annual |
Net Income Ratio Analysis
DLQIX | Category Low | Category High | DLQIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.49% | -6.13% | 3.48% | 6.82% |
Capital Gain Distribution Analysis
DLQIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 27, 2024 | $0.070 | OrdinaryDividend |
Dec 18, 2023 | $4.162 | OrdinaryDividend |
Mar 30, 2023 | $1.327 | OrdinaryDividend |
Dec 16, 2022 | $1.411 | OrdinaryDividend |
Dec 17, 2020 | $0.172 | OrdinaryDividend |
Dec 17, 2019 | $0.523 | OrdinaryDividend |
Dec 17, 2018 | $0.143 | OrdinaryDividend |
Dec 19, 2017 | $0.152 | OrdinaryDividend |
Dec 19, 2016 | $0.168 | OrdinaryDividend |
Dec 18, 2015 | $0.174 | OrdinaryDividend |
Dec 19, 2014 | $0.164 | OrdinaryDividend |
Mar 17, 2014 | $0.113 | OrdinaryDividend |
Mar 26, 2012 | $0.100 | OrdinaryDividend |
Mar 25, 2011 | $0.102 | ExtraDividend |
Mar 25, 2010 | $0.122 | OrdinaryDividend |
DLQIX - Fund Manager Analysis
Managers
Thomas Lee
Start Date
Tenure
Tenure Rank
Feb 22, 2018
4.27
4.3%
Mr. Lee is a portfolio manager and senior equity analyst at BNY Mellon Wealth Management, which he joined in 2005. Mr. Lee is a member of the Large Cap Equity Team at BNY Mellon Wealth Management, and is a senior analyst for the Technology and Telecommunications sectors.
Donald Sauber
Start Date
Tenure
Tenure Rank
Feb 22, 2018
4.27
4.3%
Donald M. Sauber has been a primary portfolio manager of BNY Mellon Large Cap Market Opportunities Fund with respect to the Focused Equity Strategy, the Large Cap Growth Strategy and the Large Cap Dividend Strategy, of BNY Mellon Tax-Sensitive Large Cap Multi-Strategy Fund with respect to the Large Cap Core Strategy, the Focused Equity Strategy, the Large Cap Growth Strategy and the Large Cap Dividend Strategy, and of BNY Mellon Focused Equity Opportunities Fund since March 2018. Mr. Sauber is a portfolio manager and senior equity analyst at BNY Mellon Wealth Management, which he joined in 2006. Mr. Sauber is a member of the Large Cap Equity Team at BNY Mellon Wealth Management, and is a senior analyst for the Financial Services sector.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 54.45 | 8.21 | 3.08 |