BNY Mellon Investment Portfolios, Small Cap Stock Index Portfolio
- Fund Code 0410
- CUSIP 05587P302
- SHARE CLASS Service Shares
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Why invest in this Fund?
The fund seeks to match the performance of the Standard & Poor's SmallCap 600 Index.
To pursue this goal, the fund invests in a representative sample of stocks included in the S&P SmallCap 600 Index, and in futures whose performance is related to the index, rather than attempt to replicate the index.
The fund attempts to have a correlation between its performance and that of the index of at least .95, before expenses. A correlation of 1.00 would mean that the fund and the index were perfectly correlated.
The fund's portfolio investments are selected by a 'sampling' process based on market capitalization, industry representation and other means. Sampling is a statistical process used to select stocks so that the portfolio has investment characteristics that closely approximate those of the index. The fund expects to invest in approximately 500 or more of the stocks in the S&P SmallCap 600 Index. However, at times, the fund may be fully invested in all the stocks that comprise the index. Under these circumstances, the fund maintains approximately the same weighting for each stock as the index does.
Morningstar Rating™ as of February 28, 2023 for the Service Shares class shares; other classes may have different performance characteristics. Overall rating for the Small Blend category. Fund ratings are out of 5 Stars: Overall 4 Stars (585 funds rated); 3 Yrs. 3 Stars (585 funds rated); 5 Yrs. 3 Stars (543 funds rated); 10 Yrs. 4 Stars (367 funds rated). The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance (not including the effects of sales charges, loads and redemption fees if applicable), placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. © Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.
This fund is only offered as an underlying investment option for variable annuity contracts and variable life insurance policies and is not sold directly to the general public. Please refer investors to the applicable variable annuity or variable life insurance prospectus as well as the underlying fund prospectus for more detailed information and other important considerations, which should be read carefully before investing.
Portfolio Managers
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David France, CFA
Portfolio Manager, Mellon Investments Corporation
2 yr(s). on fund
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Todd Frysinger, CFA
Portfolio Manager, Mellon Investments Corporation
2 yr(s). on fund
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Vlasta Sheremeta, CFA
Portfolio Manager, Mellon Investments Corporation
2 yr(s). on fund
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Michael Stoll
Portfolio Manager, Mellon Investments Corporation
2 yr(s). on fund
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Marlene Walker Smith
Portfolio Manager, Mellon Investments Corporation
2 yr(s). on fund
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
While stocks have historically been a leading choice of long-term investors, they do fluctuate in price. The value of your investment in the fund will go up and down, which means that you could lose money.
Compared to larger, more established companies, smaller companies are subject to more erratic market movements and carry additional risks because their earnings tend to be less predictable and their stocks less liquid and more volatile.
The fund does not attempt to manage market volatility, use defensive strategies or reduce the effects of any long-term periods of poor stock performance.
Please refer to the prospectus for a more complete discussion of the fund's main risks.
Recent market risks include pandemic risks related to COVID-19. The effects of COVID-19 have contributed to increased volatility in global markets and will likely affect certain countries, companies, industries and market sectors more dramatically than others. To the extent the fund may overweight its investments in certain countries, companies, industries or market sectors, such positions will increase the fund's exposure to risk of loss from adverse developments affecting those countries, companies, industries or sectors.
Risk Metrics
| As of 02/28/23 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
|---|---|---|---|---|---|
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25.99 | 0.80 | 1.11 | 79.26 | 0.57 |
All risk metrics are provided by Morningstar. The index used in the calculations are determined by Morningstar which may not be the funds primary benchmark. The index Morningstar used for this analysis is S&P 500® Index.
Literature
Factsheet, Prospectus and Reports
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