Investment objective & strategy
As of Jan. 26, 2026 · prospectusObjective. The fund seeks long-term capital appreciation.
Strategy. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in stocks of companies in the natural resources and natural resources related sectors. Generally, these are companies principally engaged in owning or developing natural resources, or supplying goods, technology and services relating to natural resources. The fund invests in growth and value stocks and typically will maintain exposure to the major natural resources sectors. Using fundamental research and direct management contact, the fund's sub-adviser, Newton Investment Management North America, LLC, an affiliate of BNY Mellon Investment Adviser, Inc., seeks stocks of companies with strong positions in such company's natural resources sector, sustained achievement records and strong financial condition. Although … To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in stocks of companies in the natural resources and natural resources related sectors. Generally, these are companies principally engaged in owning or developing natural resources, or supplying goods, technology and services relating to natural resources. The fund invests in growth and value stocks and typically will maintain exposure to the major natural resources sectors. Using fundamental research and direct management contact, the fund's sub-adviser, Newton Investment Management North America, LLC, an affiliate of BNY Mellon Investment Adviser, Inc., seeks stocks of companies with strong positions in such company's natural resources sector, sustained achievement records and strong financial condition. Although the fund has no limits on the weightings of securities in any particular natural resources sector or in any individual company, the fund's sub-adviser typically does not intend to invest more than 5% of the fund's net assets in any individual company. The fund may invest in companies of any market capitalization. The fund may invest in foreign securities, including emerging markets securities, without limitation. The fund typically sells a stock when, in the sub-adviser's view, the reasons for buying it no longer apply or when the company begins to show deteriorating fundamentals or poor relative performance or when a stock is fully valued by the market. The fund may also sell a stock to secure gains, limit losses or redeploy assets into more promising opportunities.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| BP PLC | — | $58.61M | 4.81% |
| EXXON MOBIL CORP | — | $57.54M | 4.72% |
| SUNCOR ENERGY INC | — | $55.69M | 4.57% |
| CONOCOPHILLIPS | — | $54.82M | 4.50% |
| SLB LTD | — | $53.11M | 4.36% |
| FREEPORT MCMORAN INC | — | $47.65M | 3.91% |
| DIAMONDBACK ENERGY INC | — | $46.67M | 3.83% |
| NEWMONT CORP | — | $45.34M | 3.72% |
| AGNICO EAGLE MINES LTD | — | $43.65M | 3.58% |
| RIO TINTO PLC | — | $39.89M | 3.27% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| NYLI VP Natural Resources Portfolio | 98% | 0.84% |
| SPDR S&P North American Natural Resources ETF · NANR | 42% | 0.35% |
| BlackRock Natural Resources Trust | 42% | 0.91% |
Footnotes
- Expense ratio as of January 26, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.