BNY Mellon Variable Investment Fund, Appreciation Portfolio
- Fund Code 0112
- CUSIP 05589U861
- SHARE CLASS
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Why invest in this Fund?
The fund seeks long-term capital growth consistent with the preservation of capital. A secondary goal is current income.
To pursue these goals, the fund normally invests at least 80% of its assets in common stock. The fund focuses on 'blue-chip' companies with total market capitalizations of more than $5 billion at the time of purchase, including multinational companies.
In choosing stocks, the fund first identifies economic sectors it believes will expand over the next three to five years or longer. Using fundamental analysis, the fund then seeks companies within these sectors that have proven track records and dominant positions in their industries. The fund also may invest in companies which it considers undervalued in terms of earnings, assets or growth prospects. The fund employs a 'buy-and-hold' investment strategy, which generally has resulted in an annual fund turnover of below 15%.
In addition to direct investments, the fund may invest in securities of foreign companies in the form of U.S. dollar-denominated American Depositary Receipts ('ADRs'). ADRs typically are issued by an American bank or trust company and evidence ownership of, and may be converted into an underlying foreign security. ADRs are traded in the United States on national securities exchanges and in the over-the counter market. The fund may purchase ADRs through 'sponsored' or 'unsponsored' facilities. A sponsored facility is established jointly by the issuer of the underlying security and a depositary. A depositary may establish an unsponsored facility without participation by the issuer of the deposited security.
Portfolio Managers
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Alan R. Christensen, CFA
Portfolio Manager,
Managing Fund Since 2020
Joined Firm in 2005
Joined Industry in 1995
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Catherine Crain, CFA
Portfolio Manager,
Managing Fund Since 1998
Joined Firm in 1993
Joined Industry in 1989
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Gentry Lee, CFA
Chief Executive Officer and Chief Investment Officer,
Managing Fund Since 2010
Joined Firm in 1998
Joined Industry in 1994
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Christopher Sarofim
Portfolio Manager,
Managing Fund Since 2000
Joined Firm in 1988
Joined Industry in 1986
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Charles E. Sheedy, CFA
Portfolio Manager,
Managing Fund Since 2000
Joined Firm in 1971
Joined Industry in 1971
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.
ADR risk. ADRs may be subject to certain of the risks associated with direct investment in foreign companies, such as currency risk, political and economic risk and market risk, because their values depend on the performance of the non-dollar denominated underlying foreign securities. For further information, see Fund Details - Investment Risks in the prospectus.
Please refer to the prospectus for a more complete discussion of the fund's main risks.
Risk Metrics
| As of 06/30/24 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
|---|---|---|---|---|---|
|
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|
17.98 | -4.31 | 0.98 | 94.72 | 0.18 |
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
PRODUCT MATERIALS
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Factsheet, Prospectus and Reports
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