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    BNY Mellon Variable Investment Fund, Opportunistic Small Cap Portfolio

    Overview

    Why invest in this Fund?

    The fund seeks capital growth.

    To pursue this goal, the fund normally invests at least 80% of its net assets in the stocks of small-cap companies with market capitalizations within the range of companies in the Russell 2000 Index at the time of purchase. The fund's stock investments may include common stocks, preferred stocks and convertible securities of both U.S. and foreign issuers. Stocks are selected for the fund's portfolio based primarily on bottom-up fundamental analysis.

    Min. class investment
    $1,000
    Class Inception Date
    12/31/00
    Fund Assets
    $268,528,576  As of  09/22/23
    Class Assets
    $17,165,760  As of  09/22/23
    Portfolio Turnover Rate
    37.56% As of fiscal year end  12/31/22
    Benchmark
    Russell 2000® Index
    Fund Holdings
    75 As of 08/31/23
    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

    • Patrick Kent

      Patrick Kent, CFA

      Deputy Head of Equity Opportunities, Portfolio Manager, Newton Investment Management North America, LLC

      4 yr(s). on fund
    • Andrew Leger

      Andrew Leger

      Portfolio Manager, Mellon Investments Corporation

      2 yr(s). on fund
    Fees & Expenses

    Fees & Expenses

    Variable insurance products have additional fees, charges and expenses. Please consult the applicable variable contract prospectus for more detailed information.

    Portfolio

    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 (NIMNA), to serve as the fund's sub-adviser. NIMNA has entered into a sub-sub-investment advisory agreement with its affiliate, Newton Investment Management Limited (NIM), to enable NIM to provide certain advisory services to NIMNA for the benefit of the fund.The fund is managed by a team of investment professionals employed by NIMNA. The team members who are jointly and primarily responsible for managing the fund's portfolio are Patrick Kent, CFA, CMT and Andrew Leger. Mr. Kent has served as lead portfolio manager of the fund since March 2019. Mr. Leger has been a portfolio manager of the fund since September 2021. Mr. Kent is Deputy Head of Equity Opportunities and a portfolio manager at NIMNA. Mr. Leger is a portfolio manager at NIMNA.

    Top Holdings

    Download Total Holdings
    As of 08/31/23

    Asset Allocation

        Stats & Risks

        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.
        While stocks have historically been a leading choice of long-term investors, they do fluctuate in price. The value of a shareholder's investment in the fund will go up and down, sometimes dramatically, which means that shareholders could lose money.
        Small companies carry additional risks 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's investments are made in anticipation of future products and services that if delayed or cancelled could cause the company's stock price to drop. The fund may purchase securities of companies in initial public offerings (IPOs). The prices of securities purchased in IPOs can be very volatile.
        Please refer to the prospectus for a more complete discussion of the fund's main risks.
        Literature

        Literature

        Factsheet, Prospectus and Reports

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        Factsheet Download
        Prospectus Download
        Summary Prospectus Download
        SAI Download
        Annual Report Download
        Semi Annual Report Download
        1Q Fiscal Holdings Download
        3Q Fiscal Holdings Download