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Trending ETFs

BNY Mellon Tax Managed Growth Fund

mutual fund
DPTRX
Payout Change
Pending
Price as of:
$38.38 -5.52 -12.57%
primary theme
U.S. Large-Cap Growth Equity
share class
C (DPTAX) A (DTMGX) I (DPTRX)
DPTRX (Mutual Fund)

BNY Mellon Tax Managed Growth Fund

Payout Change
Pending
Price as of:
$38.38 -5.52 -12.57%
primary theme
U.S. Large-Cap Growth Equity
share class
C (DPTAX) A (DTMGX) I (DPTRX)
DPTRX (Mutual Fund)

BNY Mellon Tax Managed Growth Fund

Payout Change
Pending
Price as of:
$38.38 -5.52 -12.57%
primary theme
U.S. Large-Cap Growth Equity
share class
C (DPTAX) A (DTMGX) I (DPTRX)

Name

As of 12/09/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BNY Mellon Tax Managed Growth Fund

DPTRX | Fund

$38.38

$138 M

0.31%

$0.12

0.96%

Vitals

YTD Return

2.5%

1 yr return

5.6%

3 Yr Avg Return

0.4%

5 Yr Avg Return

10.4%

Net Assets

$138 M

Holdings in Top 10

53.4%

52 WEEK LOW AND HIGH

$43.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.96%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 4.27%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/09/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BNY Mellon Tax Managed Growth Fund

DPTRX | Fund

$38.38

$138 M

0.31%

$0.12

0.96%

DPTRX - Profile

Distributions

  • YTD Total Return 2.5%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return 10.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.36%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    BNY Mellon Tax Managed Growth Fund
  • Fund Family Name
    Dreyfus
  • Inception Date
    Jun 28, 2004
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Christopher Sarofim

Fund Description

To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in common stocks and employs a tax-managed strategy, which is an approach to managing a fund that seeks to minimize capital gains tax liabilities. For example, when selling securities, the fund generally will select those shares bought at the highest price to minimize capital gains. When this would produce short-term capital gains, however, the fund may sell those highest-cost shares with a long-term holding period.

The fund focuses on "blue chip" companies with market capitalizations exceeding $5 billion at the time of purchase, including multinational companies. Blue chip, multinational companies are large, established, globally managed companies that may be subject to certain of the risks involved in investing in foreign securities. In choosing stocks, the fund's sub-adviser, Fayez Sarofim & Co., LLC, first identifies economic sectors that it believes will expand over the next three to five years or longer. Using fundamental analysis, the fund's sub-adviser then seeks companies within these sectors that have dominant positions in their industries and that have demonstrated sustained patterns of profitability, strong balance sheets, an expanding global presence and the potential to achieve predictable, above-average earnings growth. The fund's sub-adviser also is alert to companies which it considers undervalued in terms of current earnings, assets or growth prospects. As a supplement to its primarily qualitative approach to risk, the fund's sub-adviser utilizes attribution software and equity risk factor models to conduct scenario analysis to enhance its understanding and management of the risk profile of the fund's portfolio.

The fund also may invest in U.S. dollar-denominated American Depositary Receipts (ADRs).

The fund's sub-adviser attempts to enhance the fund's after-tax returns by minimizing its annual taxable distributions to shareholders. To do so, the sub-adviser employs a "buy-and hold" investment strategy for the fund, which generally has resulted in an annual portfolio turnover rate of below 15%.

The fund typically sells a stock when the fund's sub-adviser believes there is a significant adverse change in the company's business fundamentals that may lead to a sustained impairment in earnings power.

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DPTRX - Performance

Return Ranking - Trailing

Period DPTRX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% 0.0% 60.1% 99.82%
1 Yr 5.6% 3.4% 82.4% 99.73%
3 Yr 0.4%* -20.7% 35.7% 95.17%
5 Yr 10.4%* -12.6% 30.6% 94.73%
10 Yr 10.1%* -4.3% 21.2% 93.38%

* Annualized

Return Ranking - Calendar

Period DPTRX Return Category Return Low Category Return High Rank in Category (%)
2023 11.9% -74.1% 72.4% 94.89%
2022 -24.2% -85.9% 4.7% 11.77%
2021 22.1% -52.4% 60.5% 10.38%
2020 15.7% -34.3% 145.0% 83.80%
2019 28.2% -6.9% 49.4% 30.48%

Total Return Ranking - Trailing

Period DPTRX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% 0.0% 60.1% 99.82%
1 Yr 5.6% 3.4% 82.4% 99.73%
3 Yr 0.4%* -20.7% 35.7% 95.17%
5 Yr 10.4%* -12.6% 30.6% 94.73%
10 Yr 10.1%* -4.3% 21.2% 93.38%

* Annualized

Total Return Ranking - Calendar

Period DPTRX Return Category Return Low Category Return High Rank in Category (%)
2023 20.5% -4.6% 72.4% 92.61%
2022 -18.2% -61.7% 5.6% 6.67%
2021 27.2% -39.8% 118.1% 18.05%
2020 24.0% 2.8% 149.2% 85.06%
2019 35.3% -5.2% 49.4% 31.19%

NAV & Total Return History

DPTRX - Holdings

Concentration Analysis

DPTRX Category Low Category High DPTRX % Rank
Net Assets 138 M 296 K 287 B 87.13%
Number of Holdings 47 2 3061 68.87%
Net Assets in Top 10 76.5 M 126 K 150 B 86.66%
Weighting of Top 10 53.37% 0.7% 205.0% 50.96%

Top 10 Holdings

  1. MICROSOFT CORP 9.33%
  2. APPLE INC 7.97%
  3. NOVO NORDISK A/S 6.25%
  4. AMAZON.COM INC 5.58%
  5. ASML HOLDING NV 4.66%
  6. ALPHABET INC 4.36%
  7. TEXAS INSTRUMENTS INC 4.29%
  8. VISA INC 4.18%
  9. UNITEDHEALTH GROUP INC 3.72%
  10. BLACKROCK INC 3.04%

Asset Allocation

Weighting Return Low Return High DPTRX % Rank
Stocks 		99.52% 0.00% 123.52% 28.49%
Cash 		0.49% 0.00% 173.52% 66.33%
Preferred Stocks 		0.00% 0.00% 8.45% 76.41%
Other 		0.00% -36.56% 50.35% 77.95%
Convertible Bonds 		0.00% 0.00% 1.94% 72.82%
Bonds 		0.00% 0.00% 102.71% 73.77%

Stock Sector Breakdown

Weighting Return Low Return High DPTRX % Rank
Technology 		26.12% 0.00% 65.70% 79.82%
Financial Services 		13.58% 0.00% 43.06% 18.45%
Consumer Defense 		13.48% 0.00% 25.50% 2.09%
Healthcare 		10.54% 0.00% 39.76% 70.73%
Communication Services 		9.63% 0.00% 66.40% 61.64%
Consumer Cyclical 		9.44% 0.00% 62.57% 87.64%
Energy 		7.95% 0.00% 41.09% 4.64%
Industrials 		6.27% 0.00% 30.65% 52.27%
Basic Materials 		3.00% 0.00% 18.91% 17.18%
Utilities 		0.00% 0.00% 16.07% 80.36%
Real Estate 		0.00% 0.00% 16.05% 90.00%

Stock Geographic Breakdown

Weighting Return Low Return High DPTRX % Rank
US 		99.52% 0.00% 123.52% 20.60%
Non US 		0.00% 0.00% 75.46% 82.30%

DPTRX - Expenses

Operational Fees

DPTRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% 0.01% 28.71% 49.27%
Management Fee 0.95% 0.00% 1.50% 93.78%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.02% N/A

Sales Fees

DPTRX 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

DPTRX 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.

DPTRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 4.27% 0.00% 316.74% 1.85%

DPTRX - Distributions

Dividend Yield Analysis

DPTRX Category Low Category High DPTRX % Rank
Dividend Yield 0.31% 0.00% 27.58% 5.81%

Dividend Distribution Analysis

DPTRX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Annual Annual

Net Income Ratio Analysis

DPTRX Category Low Category High DPTRX % Rank
Net Income Ratio 0.36% -6.13% 3.48% 10.30%

Capital Gain Distribution Analysis

DPTRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

DPTRX - Fund Manager Analysis

Managers

Christopher Sarofim

Start Date

Tenure

Tenure Rank

Nov 04, 1997

24.59

24.6%

Christopher B. Sarofim is Vice Chairman of Fayez Sarofim & Co., President of Sarofim International Management Company and a Director of The Sarofim Group. He is a member of Fayez Sarofim & Co.’s Executive, Investment and Finance Committees, a co-manager of the mutual funds that Fayez Sarofim & Co. manages for BNY Mellon and a portfolio manager for a variety of institutional and high net worth clients. Mr. Sarofim joined the Firm in 1988 as an Associate. Mr. Sarofim received an A.B. in History from Princeton University in 1986. Prior to joining Fayez Sarofim & Co., he worked in corporate finance at Goldman, Sachs & Co. Mr. Sarofim is a member of the Board of Trustees for The Brown Foundation, Inc. He also serves on the boards of Kemper Corp. and Wood Partners and is on the Advisory Committee of the MD Anderson Cancer Center Board of Visitors.

Charles Sheedy

Start Date

Tenure

Tenure Rank

Oct 01, 2000

21.68

21.7%

Charles E. Sheedy is a Senior Vice President at Fayez Sarofim & Co. and a member of the Firm’s Investment Committee. He is co-manager of the mutual funds that Fayez Sarofim & Co. manages for BNY Mellon and serves on the board of Sarofim Trust Co. Additionally, he is a portfolio manager for a variety of institutional and high net worth clients. Mr. Sheedy joined the Firm 1971 as an Associate. Over the years, areas of responsibility have included retail, electrical equipment, consumer staples, basic industries and health care. Mr. Sheedy received a M.B.A. from Harvard Business School in 1971 and graduated cum laude from the University of Notre Dame in 1969. Mr. Sheedy is a member of the Notre Dame Arts & Letters Advisory Counsel.

Catherine Crain

Start Date

Tenure

Tenure Rank

Oct 01, 2000

21.68

21.7%

Catherine P. Crain is a Vice President at Fayez Sarofim & Co. and a co-manager of the mutual funds that Fayez Sarofim & Co. manages for BNY Mellon. She is also a portfolio manager for a variety of institutional and high net worth clients. Ms. Crain joined the Firm in 1993 as an Associate. Over the years, areas of research responsibility have included transportation, media and entertainment, and consumer products. Ms. Crain received a M.B.A. from the University of Texas in 1993 and a B.A. with Highest Honors in the Plan II Liberal Arts Honors Program at the University of Texas at Austin in 1989, where she was elected to Phi Beta Kappa. Prior to joining Fayez Sarofim & Co., she was employed at Merrill Lynch & Co. as a Financial Analyst in the Investment Banking Division in New York and Houston. Ms. Crain is a life member of the University of Texas McCombs School of Business Advisory Council. She also serves as a member of The Joy School Board of Trustees.

W. Gentry Lee

Start Date

Tenure

Tenure Rank

Nov 02, 2010

11.58

11.6%

William ("Gentry”) Lee, Jr. is the Chief Executive Officer and Co-Chief Investment Officer of Fayez Sarofim & Co., a Director of The Sarofim Group and a member of Fayez Sarofim & Co.’s Executive and Investment Committees. In addition to overseeing the Firm’s investment, client service and business operations, he is a co-manager of the mutual funds that Fayez Sarofim & Co. manages for BNY Mellon. He is also a portfolio manager for a variety of institutional and high net worth clients. Mr. Lee joined the Firm in 1998 as an Associate. Over the years, areas of research responsibility have included beverages, technology and transportation. Mr. Lee received a M.B.A. with High Distinction from Harvard Business School in 1998, where he was a Baker Scholar, and a B.A. with High Honors in Economics from Vanderbilt University in 1994, where he graduated summa cum laude. He was also elected to Phi Beta Kappa. Prior to attending business school and joining Fayez Sarofim & Co., he was employed as a Financial Analyst with Enron Capital & Trade Resources. Mr. Lee serves on the board of directors of Wood Partners and St. John’s School. Previously, he was a board member of the Carruth Foundation and Memorial Park Conservancy and Co-President of the Houston Vanderbilt University Alumni Chapter.

Alan Christensen

Start Date

Tenure

Tenure Rank

Mar 04, 2020

2.24

2.2%

Alan R. Christensen is the President and Head of Investment Risk at Fayez Sarofim & Co. Mr. Christensen oversees the Firm’s marketing, client service, operations and technology initiatives and is a member of the Investment Committee. He is also a portfolio manager for a variety of institutional and high net worth clients. Mr. Christensen joined the Firm in 2005 as an Associate. Mr. Christensen received a M.B.A. with Distinction from Cornell University in 2005, where he was a Park Fellow and a B.A. in Economics and History from Washington & Lee University in 1995, where he graduated cum laude. Prior to joining Fayez Sarofim & Co., he was employed with Alvarez & Marsal as a Director and Accenture as a Senior Manager in Capital Markets.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.25 3.08

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