- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Bny Mellon Investment Adviser, Inc. New York NY United States of America 10286
- IPO Date
- Dec 29, 1993
- Business
- BNY Mellon Opportunistic Small Cap Fund, Inc. (ticker: DSCVX) is an open-end mutual fund that seeks capital appreciation by normally investing at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of small-cap companies, defined as those with market capitalizations within the range of the Russell 2000 Index, its benchmark; the portfolio may include common stocks, preferred stocks, and convertible securities of both U.S. and foreign issuers, with a focus on the small blend category targeting growth opportunities across sectors. Investor shares (DSCVX), Class I shares (DOPIX), and Class Y shares (DSCYX) are offered, managed by Andrew Leger of Newton Investment Management North America, LLC since 2021, with net assets under management of approximately $209 million, a net expense ratio of 1.06% after fee waivers through December 31, 2025, and a minimum initial investment of $2,500 for investor shares. The fund operates primarily in the U.S. market for individual and intermediary investors, domiciled in the United States with headquarters aligned to BNY Mellon Investment Adviser, Inc. in New York, and was incepted on December 29, 1993.
In a significant strategic reorganization, the fund is scheduled to merge into BNY Mellon Small Cap Value Fund on or about February 13, 2026, as announced on the BNY Investments website, reflecting a shift toward value-oriented small-cap strategies amid recent performance challenges relative to the Russell 2000 Index. This follows ongoing fee waivers by the investment adviser through at least December 31, 2025, and annual dividend distributions, including a 2025 qualified dividend of $0.3500 and long-term capital gain of $0.1424 payable December 3, 2025. No major partnerships, acquisitions, or new product launches were reported in the last 1-2 years, though the fund remains closed to new investments.