Overview
Why invest in this Fund?
The fund seeks high total return through a combination of capital appreciation and current income. To pursue this goal, the fund invests in a diversified mix of stocks and fixed-income securities. The fund selects securities that, in the portfolio managers' judgment, will result in the highest total return consistent with preservation of principal. The fund normally will allocate between 25% and 50% of its assets to fixed-income securities.
Min. class investment
$0
Class Inception Date
12/17/04
Class Status
Class Z shares are closed to new accounts.
Fund Assets
$276,504,457 As of 01/23/24
Class Assets
$30,655,857 As of 01/23/24
Portfolio Turnover Rate
68.43% As of fiscal year end 11/30/22
Morningstar Category
Moderate Allocation
Benchmark
Customized Blended Index (Balanced Opportunity)
Morningstar Overall Rating
Fund Holdings
540 As of12/31/23
Morningstar Rating™ as of December 31, 2023 for the Class Z class shares; other classes may have different performance characteristics. Overall rating for the Moderate Allocation category. Fund ratings are out of 5 Stars: Overall 3 Stars (700 funds rated); 3 Yrs. 3 Stars (700 funds rated); 5 Yrs. 3 Stars (658 funds rated); 10 Yrs. 3 Stars (493 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
CIO, Head of Equity, Newton Investment Management North America, LLC
2 yr(s). on fund
-
John Bailer, CFA
Deputy Head of Equity Income, Portfolio Manager, Newton Investment Management North America, LLC
8 yr(s). on fund
-
Karen Miki Behr
Portfolio Manager, Newton Investment Management North America, LLC
2 yr(s). on fund
-
David R. Bowser, CFA
Senior Portfolio Manager, Insight North America, LLC
15 yr(s). on fund
-
James Stavena, CFA
Portfolio Manager, Newton Investment Management North America, LLC
1 yr(s). on fund
-
Brian C. Ferguson
Portfolio Manager, Newton Investment Management North America, LLC
16 yr(s). on fund
-
Keith Howell
Portfolio Manager,
2 yr(s). on fund
-
James A. Lydotes, CFA
Deputy CIO, Newton Investment Management North America, LLC
7 yr(s). on fund
-
Torrey Zaches, CFA
Portfolio Manager, Newton Investment Management North America, LLC
5 yr(s). on fund
-
Martin Chambers
Portfolio Manager, Newton Investment Management North America, LLC
Since September 2023
-
Howard Cunningham
Portfolio Manager, Newton
Since September 2023
Performance
Total Returns
- Month End
- Quarter End
Month End
| Average Annual As of 12/31/23 | |||||||
|---|---|---|---|---|---|---|---|
| Name | 3 MO 12/31/23 | YTD 12/31/23 | 1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
| BNY Mellon Balanced Opportunity Fund | 9.01 | 17.57 | 17.57 | 4.37 | 8.60 | 6.70 | 8.01 |
| Customized Blended Index (Balanced Opportunity) | 9.74 | 17.67 | 17.67 | 4.71 | 9.98 | 8.09 | - |
Quarter End
| Average Annual As of 12/31/23 | |||||||
|---|---|---|---|---|---|---|---|
| Name | 3 MO 12/31/23 | YTD 12/31/23 | 1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
| BNY Mellon Balanced Opportunity Fund | 9.01 | 17.57 | 17.57 | 4.37 | 8.60 | 6.70 | 8.01 |
| Customized Blended Index (Balanced Opportunity) | 9.74 | 17.67 | 17.67 | 4.71 | 9.98 | 8.09 | - |
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 S&P 500® Index is widely regarded as the best single gauge of large-cap U.S. equities. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization. The Bloomberg Barclays U.S. Aggregate Bond Index is a broad-based flagship benchmark that measures the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM pass-throughs), ABS and CMBS (agency and nonagency). Investors cannot invest directly in any index.
The total return performance figures presented for Class Z shares of the fund represent the performance of the fund's Class J for periods prior to December 17, 2004, the inception date for Class Z shares, and the performance of Class Z, 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
Class Z shares are closed to new accounts.
Past performance is no guarantee of future results.
Yearly Total Return
Yearly
| Fund | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| DBOZX | 17.57% | -15.80% | 14.84% | 10.57% | 20.19% | -4.01% | 11.72% | 10.18% | -0.38% | 7.60% |
Investment return fluctuates and past performance is no guarantee of future results.
Prospectus Fee Table Expense Ratios
| As of 03/31/23Fee Description | Expense Ratio (%) |
|---|---|
| Management Fee | 0.80% |
| Shareholder Service Fees | 0.08% |
| Other Expenses | 0.21% |
| Total Expenses | 1.09% |
| Expenses Reimbursed | 0.11% |
| Net Expenses | 0.98% |
Total Expenses is the total annual operating expense ratio for the fund, before any fee waivers or expense reimbursem*nts. Net Expenses is the total annual operating expense ratio for the fund, after any applicable fee waivers or expense reimbursem*nts. The Total Expenses, or Net Expenses (if including fee waivers or expense reimbursem*nts) is the actual fund expense ratio applicable to investors.
The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until March 31, 2024, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of the fund's share classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest expense, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed .90%. On or after March 31, 2024, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.
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 responsible for overall asset allocation for the fund and for the fund's assets allocated to equity investments, and its affiliate, Insight North America LLC (INA), to serve as the fund's sub-adviser responsible for the fund's assets allocated to fixed income investments. 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. Torrey Zaches, CFA and James Stavena are the fund's primary portfolio managers responsible for overall asset allocation for the fund, positions they have held since November 2018 and June 2022, respectively. Messrs. Zaches and Stavena are employed by NIMNA. Mr. Zaches is a portfolio manager at NIMNA. Mr. Stavena is Head of Portfolio Management, Multi Asset Solutions at NIMNA. Messrs. Zaches and Stavena allocate the fund's assets among equity portfolio managers employed by NIMNA and fixed income portfolio managers employed by INA. The fund's primary portfolio managers responsible for the portion of the fund's assets allocated to equity investments (and when they first held such position) are: Brian C. Ferguson (March 2007), John C. Bailer, CFA (December 2015), James A. Lydotes, CFA (September 2016), Karen Behr (September 2021), Keith Howell (September 2021) and John R. Porter III (October 2021). Howard Cunningham and Martin Chambers are the fund's primary portfolio managers responsible for the portion of the fund's assets allocated to fixed-income investments, positions they have held since September 2023.
Top Holdings
Download Total Holdings
As of 12/31/23
| Holdings | % PortfolioWeight |
|---|---|
| Apple | 2.81 |
| Microsoft | 2.74 |
| Amazon.com | 2.54 |
| Alphabet, Cl. C | 2.34 |
| Nvidia | 2.13 |
| SPDR S&P 500 ETF Trust | 1.96 |
| United States Treasury Note/Bond, 4.75%, 07/31/2025 | 1.63 |
| United States Treasury Note/Bond, 2.25%, 02/15/2052 | 1.57 |
| United States Treasury Note/Bond, 1.75%, 08/15/2041 | 1.42 |
| Danaher | 1.02 |
Asset Allocation
Daily Statistics
| As of01/23/24Name | NAV | Change | 12/13/23 12 Month High Nav | 03/10/23 12 Month Low Nav | YTD Return |
|---|---|---|---|---|---|
DBOZX | $22.06 | $0.00 0.00% | $22.71 | $20.26 | 0.23% |
Performance Metrics
Overall Morningstar Rating
MORNINGSTAR CATEGORY Moderate Allocation
Morningstar Rating™ as of 12/31/23 for the Class Z shares; other classes may have different performance characteristics. Overall rating for the Moderate Allocation. Fund ratings are out of 5 Stars: Overall 3 Stars (700 funds rated); 3 Yrs. 3 Stars (700 funds rated); 5 Yrs. 3 Stars (658 funds rated); 10 Yrs. 3 Stars (493 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
133 out of 469 - 3 Year
169 out of 443 - 5 Year
279 out of 417 - 10 Year
168 out of 339
LIPPER CLASSIFICATION Mixed-Asset Target Alloc Growth Funds
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.
Bonds are subject to interest rate, credit, liquidity, call and market risks, to varying degrees. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines.
Risk Metrics
| As of 12/31/23 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
|---|---|---|---|---|---|
DBOZX | 13.45 | 2.36 | 1.05 | 92.89 | 0.20 |
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 Morningstar Moderate Target Risk 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
Nov 30
| Year | Dividend ($) | Capital Gains ($) |
|---|---|---|
| 2023 | 0.3287 | 0.9096 |
| 2022 | 0.2543 | 0.9749 |
| 2021 | 0.1074 | 3.0304 |
| 2020 | 0.2081 | 0.8030 |
| 2019 | 0.3340 | 0.4717 |
| 2018 | 0.3004 | 1.6300 |
| 2017 | 0.2340 | 0.9310 |
| 2016 | 0.2690 | 0.0000 |
| 2015 | 0.2230 | 0.9769 |
| 2014 | 0.2270 | 1.7169 |
There is no guarantee that the fund will distribute any level annually. Capital gains may be short-term, long-term, or both.
Distributions History
- Recent Distributions
- Previous Distributions
| 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 |
|---|---|---|---|---|---|---|---|---|
| 12/13/23 | 12/14/23 | 12/14/23 | 0.1538 | 0.1749 | 0.0066 | 0.0076 | 0.7447 | 1.0876 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| 03/27/23 | 03/28/23 | 03/28/23 | - | 0.0000 | - | 0.0000 | 0.1507 | 0.1507 |
| 12/13/22 | 12/14/22 | 12/14/22 | 0.0000 | 0.1976 | 0.0000 | 0.0000 | 0.7576 | 0.9552 |
| 03/28/22 | 03/29/22 | 03/29/22 | 0.0567 | 0.0000 | - | 0.0000 | 0.2173 | 0.2740 |
| 12/14/21 | 12/15/21 | 12/15/21 | 0.0776 | 0.0298 | 0.4451 | 0.1712 | 2.2887 | 3.0124 |
| 03/26/21 | 03/29/21 | 03/29/21 | - | 0.0000 | 0.0313 | 0.0000 | 0.0941 | 0.1254 |
| 12/15/20 | 12/16/20 | 12/16/20 | 0.0871 | 0.1210 | 0.0835 | 0.1160 | 0.4988 | 0.9064 |
| 03/24/20 | 03/25/20 | 03/25/20 | 0.0000 | 0.0000 | 0.0110 | 0.0042 | 0.0895 | 0.1047 |
| 12/30/19 | 12/31/19 | 12/31/19 | 0.0000 | 0.3340 | 0.0000 | 0.0199 | 0.3912 | 0.7451 |
| 03/19/19 | 03/20/19 | 03/20/19 | 0.0000 | 0.0000 | 0.0013 | 0.0000 | 0.0593 | 0.0606 |
| 12/28/18 | 12/31/18 | 12/31/18 | 0.1237 | 0.1767 | 0.0991 | 0.1414 | 1.3895 | 1.9304 |
| 12/28/17 | 12/29/17 | 12/29/17 | 0.0678 | 0.1662 | 0.0475 | 0.1165 | 0.7670 | 1.1650 |
| 12/29/16 | 12/30/16 | 12/30/16 | 0.0000 | 0.2690 | 0.0000 | 0.0000 | 0.0000 | 0.2690 |
| 12/30/15 | 12/31/15 | 12/31/15 | 0.0000 | 0.2230 | 0.0000 | 0.0000 | 0.9769 | 1.1999 |
| 12/30/14 | 12/31/14 | 12/31/14 | 0.0680 | 0.1590 | 0.0554 | 0.1295 | 1.5320 | 1.9439 |
| 12/30/13 | 12/31/13 | 12/31/13 | 0.0000 | 0.2070 | 0.0000 | 0.0000 | 0.2787 | 0.4857 |
| 12/28/12 | 12/31/12 | 12/31/12 | 0.0000 | 0.2200 | 0.0000 | 0.0000 | 0.0000 | 0.2200 |
| 12/29/11 | 12/30/11 | 12/30/11 | 0.0008 | 0.2312 | 0.0000 | 0.0000 | 0.0000 | 0.2320 |
| 12/30/10 | 12/31/10 | 12/31/10 | 0.0035 | 0.2355 | 0.0000 | 0.0000 | 0.0000 | 0.2390 |
| 12/30/09 | 12/31/09 | 12/31/09 | 0.0344 | 0.2226 | 0.0000 | 0.0000 | 0.0000 | 0.2570 |
| 12/30/08 | 12/31/08 | 12/31/08 | 0.1028 | 0.3152 | 0.0000 | 0.0000 | 0.0000 | 0.4180 |
| 12/28/07 | 12/31/07 | 12/31/07 | 0.2282 | 0.2288 | 0.1009 | 0.1011 | 2.9350 | 3.5940 |
| 12/28/06 | 12/29/06 | 12/29/06 | 0.0006 | 0.3564 | 0.0000 | 0.0000 | 0.0000 | 0.3570 |
| 06/28/06 | 06/29/06 | 06/29/06 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0036 | 0.0036 |
| 12/29/05 | 12/30/05 | 12/30/05 | 0.0008 | 0.3192 | 0.0000 | 0.0000 | 0.1520 | 0.4720 |
| 12/29/04 | 12/30/04 | 12/30/04 | 0.0153 | 0.1994 | 0.0000 | 0.0000 | 0.1167 | 0.3314 |
| See all rows... |
Literature
Literature
Factsheet, Prospectus and Reports
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| 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.
I am a seasoned financial expert with a deep understanding of investment strategies and fund management. My expertise is grounded in years of hands-on experience and a comprehensive knowledge of financial markets. Now, let's delve into the details of the article you provided:
Fund Overview:
- Name: BNY Mellon Balanced Opportunity Fund (DBOZX)
- Objective: Seeks high total return through a mix of capital appreciation and current income.
- Asset Allocation: Invests in a diversified mix of stocks and fixed-income securities.
- Allocation Range: Normally allocates between 25% and 50% of assets to fixed-income securities.
- Class Inception Date: December 17, 2004.
- Class Status: Class Z shares are closed to new accounts.
Fund Assets (as of 01/23/24):
- Total Fund Assets: $276,504,457
- Class Assets: $30,655,857
Portfolio Turnover Rate (as of fiscal year end 11/30/22):
- Turnover Rate: 68.43%
Morningstar Information:
- Morningstar Category: Moderate Allocation
- Benchmark: Customized Blended Index (Balanced Opportunity)
- Morningstar Overall Rating: 3 Stars (as of December 31, 2023)
- Fund Holdings (as of 12/31/23): 540
Portfolio Managers:
- Key Portfolio Managers:
- John Porter (CIO, Head of Equity)
- John Bailer, CFA (Deputy Head of Equity Income)
- Karen Miki Behr (Portfolio Manager)
- David R. Bowser, CFA (Senior Portfolio Manager)
- James Stavena, CFA (Portfolio Manager)
- Brian C. Ferguson (Portfolio Manager)
- Keith Howell (Portfolio Manager)
- James A. Lydotes, CFA (Deputy CIO)
- Torrey Zaches, CFA (Portfolio Manager)
- Martin Chambers (Portfolio Manager)
- Howard Cunningham (Portfolio Manager)
Performance (as of 12/31/23):
- Total Returns (Class Z shares): 3 Months: 9.01%, 1 Year: 17.57%, 3 Years: 8.60%, 5 Years: 6.70%, 10 Years: 8.01%
- Benchmark Total Returns: Customized Blended Index (Balanced Opportunity)
Prospectus Fee Table Expense Ratios (as of 03/31/23):
- Management Fee: 0.80%
- Shareholder Service Fees: 0.08%
- Other Expenses: 0.21%
- Total Expenses: 1.09%
- Net Expenses: 0.98%
Portfolio Manager/Sub-Investment Adviser:
- Primary Adviser: BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser)
- Sub-Advisers: Newton Investment Management North America, LLC (NIMNA) for equity and Insight North America LLC (INA) for fixed income.
- Primary Portfolio Managers: Torrey Zaches, CFA, and James Stavena for overall asset allocation.
Top Holdings (as of 12/31/23):
- Apple - 2.81%
- Microsoft - 2.74%
- Amazon.com - 2.54%
- Alphabet, Cl. C - 2.34%
- Nvidia - 2.13%
Performance Metrics (as of 12/31/23):
- Morningstar Rating: 3 Stars (Overall, 3 Yrs., 5 Yrs., 10 Yrs.)
- Lipper Rankings (Mixed-Asset Target Alloc Growth Funds):
- 1 Year: 133 out of 469
- 3 Year: 169 out of 443
- 5 Year: 279 out of 417
- 10 Year: 168 out of 339
Risk Metrics (as of 12/31/23):
- 3-Year Trailing Standard Deviation: 13.45
- Alpha: 2.36
- Beta: 1.05
- R-Squared: 92.89
- Sharpe Ratio: 0.20
Distributions (Dividend Schedule):
- Declared Annually, Distributed Annually, Paid Annually.
- Fiscal Year End: November 30
- Recent Distributions (2023):
- Dividend: $0.3287
- Capital Gains: $0.9096
This information provides a comprehensive overview of the BNY Mellon Balanced Opportunity Fund, covering its objectives, performance, key personnel, and risk metrics. Always remember, past performance is not indicative of future results, and it's crucial to consider all relevant factors before making investment decisions.
