Investment objective & strategy
As of April 24, 2025 · prospectusObjective. The fund seeks to maximize 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 the stocks of midsize companies. The fund currently defines "midsize companies" as companies included in the Russell Midcap Index. The fund's sub-adviser, Newton Investment Management North America, LLC, an affiliate of BNY Mellon Investment Adviser, Inc., applies a systematic, quantitative investment approach designed to identify and exploit relative misvaluations primarily within mid-cap stocks in the U.S. stock market. The fund's sub-adviser uses a proprietary valuation model that identifies and ranks stocks to construct the fund's portfolio. The sub-adviser constructs the fund's portfolio through a systematic structured approach, focusing on stock selection as opposed to making proactive decisions as … To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in the stocks of midsize companies. The fund currently defines "midsize companies" as companies included in the Russell Midcap Index. The fund's sub-adviser, Newton Investment Management North America, LLC, an affiliate of BNY Mellon Investment Adviser, Inc., applies a systematic, quantitative investment approach designed to identify and exploit relative misvaluations primarily within mid-cap stocks in the U.S. stock market. The fund's sub-adviser uses a proprietary valuation model that identifies and ranks stocks to construct the fund's portfolio. The sub-adviser constructs the fund's portfolio through a systematic structured approach, focusing on stock selection as opposed to making proactive decisions as to industry or sector exposure. Within each sector and style subset, the fund overweights the most attractive stocks and underweights or zero weights the stocks that have been ranked least attractive. The fund typically will hold between 100 and 250 securities. The fund's sub-adviser monitors the holdings in the fund's portfolio and considers selling a security if the company's relative attractiveness deteriorates or if valuation becomes excessive. The fund also may sell a security if an event occurs that contradicts the sub-adviser's rationale for purchasing it, such as deterioration in the company's financial fundamentals. In addition, the fund may sell a security if the sub-adviser determines that better investment opportunities emerge elsewhere.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| HALLIBURTON CO | — | $7.89M | 1.70% |
| VERTIV HOLDINGS CO | — | $7.79M | 1.67% |
| VALERO ENERGY CORP | — | $7.01M | 1.51% |
| EMCOR GROUP INC | — | $6.65M | 1.43% |
| LOEWS CORP | — | $6.61M | 1.42% |
| ALLSTATE CORPORATION | — | $5.88M | 1.26% |
| AMERIPRISE FINANCIAL INC | — | $5.81M | 1.25% |
| CORTEVA INC | — | $5.68M | 1.22% |
| EDISON INTL | — | $5.55M | 1.19% |
| SIMON PROPERTY | — | $5.30M | 1.14% |
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. |
|---|---|---|
| Columbia Research Enhanced Mid Cap ETF · REMC | 39% | 0.32% |
| Venerable Mid Cap Index Fund | 36% | 0.40% |
| PD Mid-Cap Index Portfolio | 36% | 0.19% |
Advisers
| Firm | Role |
|---|---|
| BNY Mellon Investment Adviser, Inc. | Adviser |
| Newton Investment Management North America, LLC | Sub-adviser |
| Newton Investment Management Limited | Sub-adviser |
Footnotes
- Expense ratio as of April 24, 2025, 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).
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