BNY Mellon Dynamic Value Fund (Class A shares at NAV) outperformed its benchmark, the Russell 1000 Value Index, during the first quarter of 2026.
An overweight to the energy sector added the most to relative returns; stock selection in the industrials sector was also beneficial.
Conversely, an underweight and stock selection in the consumer staples and utilities sectors detracted.
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Market Review
Equity performance was broadly negative across developed and emerging markets. Heightened geopolitical tensions involving Iran and the subsequent spike in oil prices weighed on risk sentiment despite resilient, albeit slowing, global growth and moderating inflation. The
