BNY Mellon Investment Portfolios, MidCap Stock Portfolio
- Fund Code 0421
- CUSIP 05587P500
- SHARE CLASS
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Why invest in this Fund?
The fund seeks investment results that are greater than the total return performance of publicly traded common stocks of medium-size domestic companies in the aggregate, as represented by the Standard & Poor's MidCap 400® Index (S&P 400).
To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in stocks of mid-cap companies. The fund invests in growth and value stocks, which are chosen through a disciplined investment process that combines computer modeling techniques, fundamental analysis and risk management. Consistency of returns compared to the S&P 400 Index, the fund's benchmark, is a primary goal of the investment process.
The fund invests principally in common stocks, but its stock investments also may include preferred stocks, convertible securities and depositary receipts, including those issued in initial public offerings (IPOs) or shortly thereafter. The portfolio managers will select stocks through a 'bottom-up,' structured approach that seeks to identify undervalued securities using a quantitative ranking process. The process is driven by a proprietary quantitative model which measures a diverse set of corporate characteristics to identify and rank stocks based on:
- valuation, such as current and forecasted price-to-earnings ratios, yields, dividend discount models, and other price sensitive data for a stock compared to its past, its peers, and the model's overall stock universe;
- momentum and sentiment, meaning measures that reflect the changes in short-term earnings outlook through factors such as revised earnings estimates and earnings surprises; and
- earnings quality measures, such as accruals compared to cash earnings, changes in inventory to sales ratio, and return on equity.
Portfolio Managers
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Peter Goslin, CFA
Portfolio Manager, Newton Investment Management North America, LLC
Managing Fund Since 2017
Joined Firm in 1999
Joined Industry in 1988
Fees & Expenses
Variable insurance products have additional fees, charges and expenses. Please consult the applicable variable contract prospectus for more detailed information.
Portfolio Manager/Sub-Investment Adviser
Asset Allocation
Main Risks
Equity funds are subject generally to market, market sector, market liquidity, issuer, and investment style risks, among other factors, to varying degrees, all of which are more fully described in the fund's prospectus.
Midsize companies carry additional risks because their earnings and revenues tend to be less predictable, and their share prices more volatile than those of larger, more established companies. Some of the fund's investments will rise and fall based on investor perception rather than economics.
Literature
Factsheet, Prospectus and Reports
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