BNY Mellon Investment Portfolios, Technology Growth Portfolio
- Fund Code 0422
- CUSIP 05587P401
- SHARE CLASS
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Why invest in this Fund?
The fund seeks capital appreciation.
To pursue this goal, the fund normally invests at least 80% of its assets in the stocks of growth companies of any size that the manager believes to be leading producers or beneficiaries of technological innovation. Up to 25% of the fund's assets may be invested in foreign securities. The fund's stock investments may include common stocks, preferred stocks and convertible securities of both U.S. and foreign issuers, including those purchased in initial public offerings.
In choosing stocks, the fund looks for technology companies with the potential for strong earnings or revenue growth rates, although some of the fund's investments may currently be experiencing losses. The fund's investment process centers on a multi-dimensional approach that look for opportunities across emerging growth, cyclical or stable growth companies. The fund's investment approach seeks companies that appear to have strong earnings momentum, positive earnings revisions, favorable growth, product or market cycles and/or favorable valuations.
The fund typically sells a stock when the manager believes there is a more attractive alternative, or there are deteriorating fundamentals, such as a loss of competitive advantage, a failure in management execution or deteriorating capital structure. The fund also may sell stocks when the manager's evaluation of a sector has changed.
To pursue this goal, the fund normally invests at least 80% of its assets in the stocks of growth companies of any size that the manager believes to be leading producers or beneficiaries of technological innovation. Up to 25% of the fund's assets may be invested in foreign securities. The fund's stock investments may include common stocks, preferred stocks and convertible securities of both U.S. and foreign issuers, including those purchased in initial public offerings.
In choosing stocks, the fund looks for technology companies with the potential for strong earnings or revenue growth rates, although some of the fund's investments may currently be experiencing losses. The fund's investment process centers on a multi-dimensional approach that look for opportunities across emerging growth, cyclical or stable growth companies. The fund's investment approach seeks companies that appear to have strong earnings momentum, positive earnings revisions, favorable growth, product or market cycles and/or favorable valuations.
The fund typically sells a stock when the manager believes there is a more attractive alternative, or there are deteriorating fundamentals, such as a loss of competitive advantage, a failure in management execution or deteriorating capital structure. The fund also may sell stocks when the manager's evaluation of a sector has changed.
Min. class investment
$1,000
Class Inception Date
12/31/00
Fund Assets
$796,925,949
As of 03/24/23
Class Assets
$600,126,959
As of 03/24/23
Portfolio Turnover Rate
51.13%
As of fiscal year end 12/31/22
Benchmark
NYSE® Technology Index
Fund Holdings
38
As of 02/28/23
FUND STATUS
Open
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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Robert Zeuthen, CFA
Research Analyst, Newton Investment Management North America, LLC
1 yr(s). on fund
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Jonathan J. Piskorowski, CFA
Research Analyst, Newton Investment Management North America, LLC
Since October 2022
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
The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). BNYM Investment Adviser has engaged its affiliate, Newton Investment Management North America, LLC (Newton), to serve as the fund's sub-investment adviser. James Boyd, CFA and Robert C. Zeuthen, CFA are the fund's primary portfolio managers, positions they have each held since March 2022. Messrs. Boyd and Zeuthen are research analysts at NIMNA.
James Boyd, CFA and Robert C. Zeuthen, CFA are the fund's primary portfolio managers, positions they have each held since March 2022. Messrs. Boyd and Zeuthen are a research analysts at NIMNA. Mr. Boyd has been employed by NIMNA or a predecessor company of NIMNA since 2005. Mr. Zeuthen has been
employed by NIMNA or a predecessor company of NIMNA since 2006.
Asset Allocation
Main Risks
An investment in the fund is not a bank deposit. It is not insured or guaranteed by the FDIC or any other government agency. It is not a complete investment program. The fund's share price fluctuates, sometimes dramatically, which means you could lose money.
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.
Technology companies involve greater risk because their earnings tend to be less predictable, their share prices more volatile, and their securities less liquid than larger, more established companies. Some of the fund'sinvestments in technology companies will rise and fall based on investor perceptions rather than economics. Certain technology companies may have limited product lines, markets or financial resources. Investor perception may play a greater role in determining the day-to-day value of tech stocks than it does in other sectors.
The fund's share price is likely to be more volatile than other funds that do not concentrate in one sector. The technology sector involves special risks, such as the faster rate of change and obsolescence of technological advances, and has been among the most volatile sectors of the stock market.
The technology sector has been among the most volatile sectors of the stock market. Becausethe fund's investments are concentrated in the technology sector, its performance will be affected dramatically by developments in that sector.
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.
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.
Technology companies involve greater risk because their earnings tend to be less predictable, their share prices more volatile, and their securities less liquid than larger, more established companies. Some of the fund'sinvestments in technology companies will rise and fall based on investor perceptions rather than economics. Certain technology companies may have limited product lines, markets or financial resources. Investor perception may play a greater role in determining the day-to-day value of tech stocks than it does in other sectors.
The fund's share price is likely to be more volatile than other funds that do not concentrate in one sector. The technology sector involves special risks, such as the faster rate of change and obsolescence of technological advances, and has been among the most volatile sectors of the stock market.
The technology sector has been among the most volatile sectors of the stock market. Becausethe fund's investments are concentrated in the technology sector, its performance will be affected dramatically by developments in that sector.
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.
Literature
Factsheet, Prospectus and Reports
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