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BNY Mellon Small/Mid Cap Growth Fund Q3 2024 Commentary

The BNY Mellon Small/Mid Cap Growth Fund's Q3 2024 commentary discusses the fund's performance and market conditions. The fund experienced a slight decline of -0.3% in the third quarter, underperforming the Russell 2500 Growth Index which fell by -6.8%. Despite this, the fund's year-to-date performance was strong at 13.9% compared to the index's 7.9%. Key contributors to the fund's performance included positive stock selection in sectors like Information Technology, Industrials, and Health Care. However, the fund faced challenges from its lack of exposure to Energy and underweight in Financials. The commentary also highlights the fund's strategy of focusing on high-quality, growth-oriented companies with strong fundamentals, which has helped navigate the volatile market environment characterized by concerns over inflation, interest rates, and economic growth. The fund's managers remain optimistic about the growth prospects of their holdings, emphasizing a long-term investment approach amidst short-term market fluctuations.

Read the Full Seeking Alpha Article at:
[ https://seekingalpha.com/article/4743224-bny-mellon-small-mid-cap-growth-fund-q3-2024-commentary ]