BNY Mellon Structured Midcap Fund Class C (DPSCX) is a mutual fund that seeks long-term capital growth and preservation by investing primarily in mid-cap U.S. equities selected through a bottom-up, quantitative structured approach to identify undervalued securities. The fund, part of BNY Mellon Advantage Funds, Inc., normally allocates at least 80% of its net assets plus borrowings to common stocks of mid-capitalization companies, focusing on equity long strategies within the mid-cap blend category; it offers Class C shares characterized by a contingent deferred sales charge and higher expense ratios compared to other classes like A (DPSAX), R (DPSRX), and Y (DPSYX). Managed by BNY Mellon Investment Adviser, Inc., a subsidiary of The Bank of New York Mellon Corporation headquartered in New York, New York, the fund targets institutional and retail investors seeking diversified exposure to U.S. mid-cap stocks.
Incepted on June 29, 2001, the fund maintains net assets around $112 million, with operations centered in the United States and portfolio holdings diversified across sectors such as industrials, financials, consumer discretionary, information technology, and health care. Geographically, it focuses on domestic U.S. markets without significant international allocations.
No major strategic changes, such as acquisitions, partnerships, funding rounds, or new product launches, have been reported for the fund in the last 1-2 years; it continues its established quantitative stock selection process amid ongoing market volatility. Recent performance reflects year-to-date returns of approximately 26-27% as of late 2025, driven by mid-cap equity appreciation, though subject to class-specific fees impacting net yields near 0%.