Name
As of 11/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
16.9%
1 yr return
31.3%
3 Yr Avg Return
6.4%
5 Yr Avg Return
12.1%
Net Assets
$410 M
Holdings in Top 10
22.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.97%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 63.23%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DVLIX - Profile
Distributions
- YTD Total Return 16.9%
- 3 Yr Annualized Total Return 6.4%
- 5 Yr Annualized Total Return 12.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.24%
- Dividend Yield 0.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBNY Mellon Opportunistic Midcap Value Fund
-
Fund Family NameDreyfus
-
Inception DateJun 09, 2008
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJames Boyd
Fund Description
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 mid-cap companies. The fund currently considers mid-cap companies to be those companies with market capitalizations, at the time of purchase, within the market capitalization range of companies comprising the Russell Midcap® Value Index, the fund's benchmark index. As of November 30, 2023, the market capitalizations of the smallest and largest companies included in the index were approximately $239 million and $65.3 billion, respectively, and the weighted average and median market capitalizations of the index were approximately $21.8 billion and $9.4 billion, respectively. The fund's sub-adviser identifies potential investments through extensive quantitative and fundamental research. The fund focuses on individual stock selection (a "bottom-up" approach), emphasizing three key factors: relative value, business health, and business momentum.
In constructing the fund's portfolio, the fund's sub-adviser uses an opportunistic value approach to identify stocks whose current market prices trade at a large discount to their intrinsic value, as calculated by the sub-adviser. Intrinsic value is based on the combination of the valuation assessment of the company's operating divisions with its economic balance sheet. The opportunistic value style attempts to benefit from valuation inefficiencies and underappreciated fundamental prospects present in the marketplace. Mid-cycle estimates, growth prospects and identification of competitive advantages are used to calculate a stock's intrinsic value. The strategy invests in stocks priced in the market at a discount to intrinsic value which have a catalyst present to enable higher revaluation. Additionally, a company's stated and hidden liabilities and assets are included in the sub-adviser's economic balance sheet calculation for the company.
The fund typically sells a stock when, in the sub-adviser's view, it approaches intrinsic value, a significant deterioration of fundamental expectations develops, the revaluation catalyst becomes impaired based on subsequent events or a better risk/reward opportunity is presented in the marketplace.
DVLIX - Performance
Return Ranking - Trailing
Period | DVLIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 16.9% | -8.3% | 48.7% | 72.27% |
1 Yr | 31.3% | 9.9% | 65.0% | 78.15% |
3 Yr | 6.4%* | -21.4% | 22.7% | 26.70% |
5 Yr | 12.1%* | 0.3% | 25.5% | 28.66% |
10 Yr | 8.3%* | 2.9% | 14.0% | 64.02% |
* Annualized
Return Ranking - Calendar
Period | DVLIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.0% | -12.9% | 28.8% | 80.00% |
2022 | -13.9% | -52.6% | 20.1% | 14.77% |
2021 | 2.3% | -43.8% | 32.4% | 84.35% |
2020 | 18.7% | -10.6% | 82.1% | 11.11% |
2019 | 27.2% | -8.5% | 37.5% | 19.75% |
Total Return Ranking - Trailing
Period | DVLIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 16.9% | -8.3% | 48.7% | 72.27% |
1 Yr | 31.3% | 9.9% | 65.0% | 78.15% |
3 Yr | 6.4%* | -21.4% | 22.7% | 26.70% |
5 Yr | 12.1%* | 0.3% | 25.5% | 28.66% |
10 Yr | 8.3%* | 2.9% | 14.0% | 64.02% |
* Annualized
Total Return Ranking - Calendar
Period | DVLIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.6% | 1.2% | 31.3% | 76.34% |
2022 | -7.8% | -45.7% | 21.1% | 9.38% |
2021 | 16.0% | -30.2% | 52.8% | 88.12% |
2020 | 19.1% | -8.4% | 84.3% | 16.52% |
2019 | 27.8% | 1.0% | 43.4% | 44.59% |
NAV & Total Return History
DVLIX - Holdings
Concentration Analysis
DVLIX | Category Low | Category High | DVLIX % Rank | |
---|---|---|---|---|
Net Assets | 410 M | 728 K | 168 B | 56.02% |
Number of Holdings | 72 | 1 | 2780 | 56.30% |
Net Assets in Top 10 | 92.2 M | 399 K | 13.2 B | 51.26% |
Weighting of Top 10 | 22.49% | 0.5% | 100.0% | 42.13% |
Top 10 Holdings
- ARAMARK 2.66%
- NEWMONT CORP 2.59%
- BURLINGTON STORES INC 2.52%
- CONSTELLATION ENERGY CORP 2.27%
- DOMINION ENERGY INC 2.20%
- JOHNSON CONTROLS INTERNATIONAL PLC 2.15%
- RENTOKIL INITIAL PLC 2.09%
- DIGITAL REALTY TRUST INC 2.08%
- DREYFUS INSTITUTIONAL PREFERRED PL 2.03%
- RENAISSANCERE HOLDINGS LTD 1.90%
Asset Allocation
Weighting | Return Low | Return High | DVLIX % Rank | |
---|---|---|---|---|
Stocks | 98.03% | 0.86% | 100.67% | 68.07% |
Cash | 1.88% | 0.00% | 99.07% | 38.66% |
Preferred Stocks | 0.00% | 0.00% | 11.46% | 55.18% |
Other | 0.00% | -0.01% | 51.08% | 66.67% |
Convertible Bonds | 0.00% | 0.00% | 1.78% | 55.18% |
Bonds | 0.00% | 0.00% | 72.71% | 59.94% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DVLIX % Rank | |
---|---|---|---|---|
Healthcare | 16.10% | 0.00% | 24.06% | 7.87% |
Financial Services | 12.84% | 0.00% | 46.10% | 64.89% |
Industrials | 12.39% | 0.00% | 45.89% | 82.87% |
Technology | 11.69% | 0.00% | 40.65% | 85.39% |
Consumer Cyclical | 10.74% | 2.49% | 46.48% | 67.70% |
Consumer Defense | 7.88% | 0.00% | 32.18% | 12.64% |
Real Estate | 7.43% | 0.00% | 25.82% | 55.34% |
Utilities | 7.29% | 0.00% | 18.97% | 12.64% |
Energy | 6.90% | 0.00% | 58.13% | 26.69% |
Basic Materials | 4.77% | 0.00% | 16.35% | 67.98% |
Communication Services | 1.98% | 0.00% | 30.98% | 59.55% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DVLIX % Rank | |
---|---|---|---|---|
US | 98.03% | 0.86% | 100.25% | 60.22% |
Non US | 0.00% | 0.00% | 10.11% | 61.90% |
DVLIX - Expenses
Operational Fees
DVLIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.97% | 0.03% | 19.40% | 51.27% |
Management Fee | 0.75% | 0.00% | 1.50% | 72.11% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
DVLIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
DVLIX 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.
DVLIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 63.23% | 0.00% | 304.00% | 72.64% |
DVLIX - Distributions
Dividend Yield Analysis
DVLIX | Category Low | Category High | DVLIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.72% | 0.00% | 29.78% | 15.69% |
Dividend Distribution Analysis
DVLIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
DVLIX | Category Low | Category High | DVLIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.24% | -2.06% | 3.38% | 58.59% |
Capital Gain Distribution Analysis
DVLIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 12, 2023 | $0.251 | OrdinaryDividend |
Dec 12, 2023 | $0.990 | CapitalGainLongTerm |
Dec 08, 2022 | $1.969 | OrdinaryDividend |
Dec 08, 2021 | $4.204 | OrdinaryDividend |
Dec 08, 2020 | $0.091 | OrdinaryDividend |
Mar 26, 2020 | $0.000 | OrdinaryDividend |
Dec 10, 2019 | $0.116 | OrdinaryDividend |
Dec 11, 2018 | $3.205 | CapitalGainShortTerm |
Dec 11, 2018 | $3.722 | CapitalGainLongTerm |
Dec 11, 2018 | $0.005 | OrdinaryDividend |
Dec 12, 2017 | $3.217 | CapitalGainLongTerm |
Dec 12, 2017 | $0.146 | OrdinaryDividend |
Dec 12, 2017 | $1.157 | CapitalGainShortTerm |
Dec 13, 2016 | $0.231 | CapitalGainShortTerm |
Dec 13, 2016 | $1.269 | CapitalGainLongTerm |
Dec 13, 2016 | $0.121 | OrdinaryDividend |
Dec 15, 2015 | $0.559 | CapitalGainShortTerm |
Dec 15, 2015 | $5.543 | CapitalGainLongTerm |
Dec 15, 2015 | $0.024 | OrdinaryDividend |
Dec 04, 2014 | $1.099 | CapitalGainShortTerm |
Dec 04, 2014 | $3.245 | CapitalGainLongTerm |
Dec 04, 2014 | $0.146 | OrdinaryDividend |
Dec 04, 2013 | $0.480 | CapitalGainShortTerm |
Dec 04, 2013 | $3.775 | CapitalGainLongTerm |
Dec 04, 2013 | $0.076 | OrdinaryDividend |
Dec 24, 2012 | $0.125 | OrdinaryDividend |
May 11, 2012 | $0.013 | ExtraDividend |
Dec 16, 2011 | $0.409 | CapitalGainShortTerm |
Dec 16, 2011 | $4.492 | CapitalGainLongTerm |
Dec 16, 2011 | $0.381 | OrdinaryDividend |
Mar 22, 2010 | $0.030 | ExtraDividend |
Dec 10, 2009 | $0.130 | OrdinaryDividend |
Dec 10, 2008 | $0.096 | OrdinaryDividend |
DVLIX - Fund Manager Analysis
Managers
James Boyd
Start Date
Tenure
Tenure Rank
Dec 02, 2008
13.5
13.5%
Jim is a member of Newton’s equity research team, primarily responsible for covering secular growth companies with an emphasis on the fintech, payments and software industries. Jim joined Newton in September 2021, following the integration of Mellon Investments Corporation’s equity and multi-asset capabilities into the Newton Investment Management Group. Before joining Newton, Jim was a senior portfolio manager of the Small and Mid-cap Opportunistic strategies at Mellon Investments Corporation and The Boston Company Asset Management (both BNY Mellon group companies). During his time at Mellon, Jim served as the team’s financial services, real estate, and business services analyst. Before joining BNY Mellon, Jim was a senior equity research analyst at State Street Global Advisors. Earlier in his career, Jim was an assistant portfolio manager and a senior research analyst at Harbor Capital Management. Jim started his career at John Hancock Advisors, where he received three years of detailed, income statement and balance-sheet analysis training from a former FDIC bank examiner. Jim has a BA in Economics and History from Colgate University, where he graduated magna cum laude, and a master’s degree in Finance from Boston College. He received his CFA designation in 1999 and is a member of the CFA Institute.
Patrick Kent
Start Date
Tenure
Tenure Rank
Mar 13, 2019
3.22
3.2%
Patrick is head of small cap equities team and the lead portfolio manager for US Opportunistic Equity strategies and head of the small mid cap equity research team. Patrick joined Newton in September 2021, following the integration of Mellon Investments Corporation’s equity and multi-asset capabilities into the Newton Investment Management Group. Before joining Newton, Patrick was a senior portfolio manager at Mellon Investments Corporation (a BNY Mellon group company). Earlier in his career, Patrick was a portfolio manager at Wellington. There, he co-managed the firm’s global all-cap impact investing strategy. Prior to Wellington, Patrick was an equity analyst with Alydar Capital, CR Intrinsic Investors and Schroders. He also spent four years with The Boston Company Asset Management, a BNY Mellon group company, on the Opportunistic Equity team. Patrick has a BA from Bowdoin College and an MBA from Babson College’s Franklin W. Olin Graduate School of Business. He received his CFA designation in 2001 and is a member of the CFA Institute and the CFA Society Boston. Patrick holds the Chartered Market Technician designation and is a member of the CMT Association.
Andrew Leger
Start Date
Tenure
Tenure Rank
Sep 22, 2021
0.69
0.7%
Andrew is a member of Newton’s small cap equities team. In his current role, Andrew is a senior portfolio manager. He is primarily responsible for research coverage of the non-US energy, materials and industrials sectors. Andrew joined Newton in September 2021, following the integration of Mellon Investments Corporation’s equity and multi-asset capabilities into the Newton Investment Management Group. Before joining Newton, Andrew was a senior portfolio manager and senior research analyst at Mellon Investments Corporation and The Boston Company Asset Management (both BNY Mellon group companies). Prior to joining BNY Mellon, Andrew worked at BlackRock Inc., where he co-managed the Small Cap Growth and Mid Cap Growth funds and conducted research on industrial, energy, materials and consumer stocks. Previously, he served in analyst roles at Schroders Investment Management and Delphi Management. Andrew has a BA in Economics and Communications from Wake Forest University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.25 | 38.44 | 7.29 | 5.78 |