Fayez Sarofim, who founded his eponymous investment firm in 1958, has died at age 93. Sarofim was still listed as a manager on BNY Mellon Appreciation and BNY Mellon Worldwide Growth but had long ago built out the team that runs these strategies on a day-to-day basis. As a result, their Above Average People rating and overall Morningstar Analyst Ratings are not impacted.
BNY Mellon Appreciation Investor DGAGX
NAV / 1-Day Return
38.19
/
0.39
%
Total Assets
2.1 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.880%
Expense Ratio
0.880%
Fee Level
Average
Longest Manager Tenure
21.65
years
Category
Large Blend
Investment Style
Large GrowthMin. Initial Investment
2,500
Status
Open
TTM Yield
0.25%
Turnover
4%
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will DGAGX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DGAGX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the DGAGX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of DGAGX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Fayez Sarofim Dies at 93
