BNY Mellon Technology Growth Fund (DTGRX)
The investment seeks 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 growth companies of any size that the sub-advise believes to be leading producers or beneficiaries of technological innovation. Up to 25% of the fund's assets may be invested in foreign securities. In choosing stocks, the fund's portfolio managers looks for technology companies with the potential for strong earnings or revenue growth rates.
Fund Info
| ISIN | US05587N5885 |
|---|---|
| CUSIP | 05587N588 |
| Issuer | BNY Mellon |
| Inception Date | Oct 12, 1997 |
| Category | Technology Equities |
| Min. Investment | $1,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
DTGRX has a high expense ratio of 1.16%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: DTGRX vs. FAGAX, DTGRX vs. FDFIX, DTGRX vs. SMH, DTGRX vs. QQQ, DTGRX vs. SPY
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BNY Mellon Technology Growth Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
BNY Mellon Technology Growth Fund had a return of 27.56% year-to-date (YTD) and 39.66% in the last 12 months. Over the past 10 years, BNY Mellon Technology Growth Fund had an annualized return of 3.01%, while the S&P 500 had an annualized return of 11.39%, indicating that BNY Mellon Technology Growth Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 27.56% | 25.48% |
| 1 month | 2.94% | 2.14% |
| 6 months | 12.00% | 12.76% |
| 1 year | 39.66% | 33.14% |
| 5 years (annualized) | 8.16% | 13.96% |
| 10 years (annualized) | 3.01% | 11.39% |
Monthly Returns
The table below presents the monthly returns of DTGRX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 3.91% | 7.77% | 2.20% | -6.03% | 3.96% | 8.06% | -5.23% | 1.42% | 2.53% | -0.31% | 27.56% | ||
| 2023 | 16.46% | -4.08% | 7.98% | -2.23% | 11.70% | 5.44% | 6.24% | -3.35% | -6.80% | -3.67% | 16.79% | 6.99% | 59.98% |
| 2022 | -13.83% | -4.65% | -0.35% | -16.50% | -4.36% | -11.53% | 12.54% | -6.00% | -11.97% | 4.17% | 5.23% | -9.31% | -46.44% |
| 2021 | 2.07% | 2.06% | -3.76% | 4.12% | -0.67% | 7.69% | -0.29% | 3.22% | -5.94% | 6.14% | 2.06% | -20.22% | -6.59% |
| 2020 | 5.18% | -3.92% | -11.37% | 15.26% | 10.25% | 9.56% | 10.28% | 13.43% | -4.51% | 2.41% | 9.11% | -3.55% | 60.54% |
| 2019 | 9.22% | 5.51% | 2.25% | 5.95% | -10.49% | 7.54% | 2.29% | -4.81% | -2.67% | 0.02% | 6.01% | -11.89% | 6.39% |
| 2018 | 11.31% | -0.81% | -3.62% | -0.40% | 6.95% | 0.02% | -0.14% | 6.44% | 0.12% | -14.38% | 2.43% | -27.84% | -23.66% |
| 2017 | 7.09% | 4.20% | 2.85% | 3.81% | 4.07% | -1.84% | 5.09% | 2.77% | 1.25% | 7.02% | 0.35% | -9.28% | 29.67% |
| 2016 | -7.42% | -1.80% | 9.27% | -1.68% | 4.78% | -3.75% | 7.10% | 1.82% | 0.12% | -1.50% | -0.33% | -9.68% | -4.64% |
| 2015 | -3.83% | 9.63% | -2.11% | 1.48% | 1.27% | -1.96% | 3.47% | -6.84% | -0.87% | 7.43% | 1.52% | -8.46% | -0.80% |
| 2014 | 0.29% | 6.40% | -4.66% | -6.53% | 3.89% | 4.63% | -1.60% | 3.68% | -2.01% | 2.05% | 3.24% | -18.19% | -10.93% |
| 2013 | 4.73% | -1.05% | -0.20% | -1.15% | 3.46% | -0.99% | 7.61% | -1.83% | 8.88% | 1.56% | 1.97% | 4.21% | 30.01% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DTGRX is 38, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BNY Mellon Technology Growth Fund (DTGRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the BNY Mellon Technology Growth Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BNY Mellon Technology Growth Fund was 83.23%, occurring on Oct 7, 2002. Recovery took 4799 trading sessions.
The current BNY Mellon Technology Growth Fund drawdown is 16.98%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -83.23% | Mar 10, 2000 | 643 | Oct 7, 2002 | 4799 | Nov 4, 2021 | 5442 |
| -60.95% | Nov 22, 2021 | 226 | Oct 14, 2022 | — | — | — |
| -30.64% | Jul 21, 1998 | 58 | Oct 8, 1998 | 29 | Nov 18, 1998 | 87 |
| -13.03% | Jul 19, 1999 | 17 | Aug 10, 1999 | 18 | Sep 3, 1999 | 35 |
| -11.89% | Jan 4, 2000 | 3 | Jan 6, 2000 | 8 | Jan 19, 2000 | 11 |
Volatility
Volatility Chart
The current BNY Mellon Technology Growth Fund volatility is 5.35%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.