- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 240 Greenwich Street New York NY United States of America 10286
- IPO Date
- Dec 20, 1996
- Business
- BNY Mellon Growth Fund Class I (SSETX) is an open-ended investment company that seeks long-term capital appreciation by investing primarily in a diversified portfolio of small-cap growth stocks, with a focus on equity securities of companies demonstrating strong growth potential; it primarily allocates to U.S. stocks (approximately 93%), supplemented by non-U.S. stocks (about 6%), across sectors including healthcare (28.92%), industrials (23.35%), and technology (16.30%). The fund offers Class I shares with a net expense ratio of 1.00%, daily pricing, no front-end or deferred loads, a minimum initial investment of $1,000, and is available for sale in the United States, targeting institutional and qualified individual investors seeking exposure to the small growth category as classified by Morningstar. Launched on December 23, 1996, and domiciled in the United States, the fund is managed by BNY Mellon Investment Adviser, Inc., a subsidiary of BNY Mellon, with headquarters in New York, New York; portfolio management is led by Karen Miki Behr (since September 22, 2021) and Monty Kori (since February 11, 2025). As of the latest reporting, total net assets stand at approximately $7.99 million, with top holdings including Construction Partners Inc. (4.36%), Curtiss-Wright Corp. (3.57%), and Casella Waste Systems Inc. (3.12%). Recent major changes include the appointment of Monty Kori as co-manager on February 11, 2025, enhancing the fund's management team amid ongoing portfolio adjustments, while the broader BNY Mellon organization has pursued strategic initiatives such as a July 2025 collaboration with Goldman Sachs to launch tokenized money market funds solutions using blockchain technology, involving platforms like LiquidityDirectSM and GS DAP® for improved MMF share ownership records and transferability, in partnership with fund managers including BlackRock, BNY Investments Dreyfus, Federated Hermes, Fidelity Investments, and Goldman Sachs Asset Management. The fund operates within BNY Mellon Investment Funds I, with no reported acquisitions, funding rounds, or name changes specific to SSETX in the last 1-2 years, though BNY Mellon's asset management division continues to emphasize growth-oriented strategies and technological innovation in fund servicing.