Fund Evaluator:
BNY Mellon Active MidCap A (DNLDX)
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Best Performing in Mid-Cap Blend Over the Last Year
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Fund Details
BNY Mellon Active MidCap A Overview
BNY Mellon Active MidCap A (DNLDX) is an actively managed U.S. Equity Mid-Cap Blend fund. BNY Mellon launched the fund in 1985.
The investment seeks to maximize capital appreciation. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in the stocks of midsize companies. The advisor currently defines "midsize companies" as companies included in the Russell Midcap® Index. Its portfolio managers apply a systematic, quantitative investment approach designed to identify and exploit relative misvaluations primarily within mid-cap stocks in the U.S. stock market. The fund typically will hold between 100 and 250 securities.
About BNY Mellon Active MidCap A (DNLDX)
There are 1 members of the management team with an average tenure of 11.43 years: Peter Goslin (2015). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell Mid Cap TR USD index with a weighting of 100%. BNY Mellon Active MidCap A has 239 securities in its portfolio. The top 10 holdings constitute 15.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
BNY Mellon Active MidCap A is part of the Equity global asset class and is within the U.S. Equity fund group. BNY Mellon Active MidCap A has 2.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.3%. There is 2.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). BNY Mellon Active MidCap A has 0.8% of the portfolio in cash.
Assets Under Management
The fund has $474 million in total assets, which is below the $1 billion average for the Mid-Cap Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DNLDX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The BNY Mellon Active MidCap A expense ratio is high compared to funds in the Mid-Cap Blend category. BNY Mellon Active MidCap A has an expense ratio of 1.00%, which is 2% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. BNY Mellon Active MidCap A has a portfolio turnover rate of 65%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Mid-Cap Blend category.
Recently, in the month of July 2026, BNY Mellon Active MidCap A returned -0.8%, which earned it a grade of B, as the Mid-Cap Blend category had an average return of -1.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
BNY Mellon Active MidCap A has a trailing yield of 0.46%, which is below the 0.48% category average. The fund normally distributes its income none.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
BNY Mellon Active MidCap A Grades
Year to date, the fund has returned 14.4%, 1.4 percentage points better than the category, which translates into a grade of C. The fund has returned 18.6% over the past year (grade of C), 14.9% over the past three years (grade of B) and 9.4% per year over the past five years (grade of B) and 9.5% per year over the past 10 years (grade of D).
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DNLDX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DNLDX Return (NAV) | -0.8% | 5.9% | 18.6% | 14.9% | 9.4% | 9.5% |
| DNLDX Grade | B | B | C | B | B | D |
| +/- Category | 1.1% | 2.0% | 0.9% | 2.2% | 1.8% | -0.8% |
| Mid-Cap Blend Avg | -1.8% | 3.9% | 17.8% | 12.7% | 7.6% | 10.3% |
| DNLDX Tax Cost Ratio | na | na | 3.2% | 2.1% | 2.6% | 2.0% |
DNLDX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DNLDX Return (NAV) | 14.4% | 11.9% | 14.8% | 17.0% | -14.2% | 26.7% | 9.2% | 16.9% | -14.3% | 16.6% | 8.8% |
| DNLDX Grade | C | A | B | B | C | B | D | F | F | C | F |
| +/- Category | 1.4% | 4.0% | 1.3% | 0.6% | 0.9% | 2.4% | -4.1% | -11.5% | -4.0% | 0.5% | -5.8% |
| Mid-Cap Blend Avg | 13.0% | 7.9% | 13.5% | 16.4% | -15.1% | 24.3% | 13.3% | 28.5% | -10.3% | 16.1% | 14.6% |
| Risk Measures | |
| Standard Deviation: | 14.9% |
| Total Risk Index: | 1.21 - Above Average |
| Category Risk Index: | 0.94 - Below Average |
| Category Risk Grade: | B (30% Rank) |
| Beta: | 0.96 |
| R-Squared: | 71% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.5% |
| Dividend Distribution: | None |
| Cap Gains Distribution: | None |
| Total Assets: | $512 Mil |
| Fund Total Assets: | $ 474 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 65% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 11.4 years | |||
| Average Tenure: 11.4 years | |||
| Managers (Year): Goslin Peter (2015) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 239 |
| % in Top 10 Holdings: | 15.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.0% |
Portfolio Allocation |
|
| Domestic Stock: | 97.3% |
| Foreign Stock: | 2.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.8% |
Purchase Information
| Fund Family: | BNY Mellon |
| Phone Number: | 800-373-9387 |
| Website: | www.dreyfus.com |
| Status: | Open |
| Inception Date: | January 29, 1985 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 5.75% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.00% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.98% |
| Share Class: | BNY Mellon Active MidCap A |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
