Growth and Income Portfolio
BNY MELLON VARIABLE INVESTMENT FUND
Expense ratio
Net assets1
$91.50M
Holdings1
122
Category
US Equity
Return

Investment objective & strategy

As of April 25, 2025 · prospectus

Objective. The fund seeks long-term capital growth, current income and growth of income consistent with reasonable investment risk.

Strategy. To pursue its goal, the fund normally invests primarily in common stocks of domestic and foreign issuers. The fund's sub-adviser, Newton Investment Management North America, LLC, an affiliate of BNY Mellon Investment Adviser, Inc., seeks to create a portfolio for the fund that includes a blend of growth and dividend-paying stocks, as well as other investments that provide income. The sub-adviser chooses stocks through a disciplined investment process that combines computer modeling techniques, bottom-up fundamental analysis and risk management. The fund's investment process is designed to provide investors with investment exposure to sector weightings and risk characteristics similar to those of the S&P 500 Index. In selecting securities, the fund's sub-adviser seeks companies that possess some or all of the … To pursue its goal, the fund normally invests primarily in common stocks of domestic and foreign issuers. The fund's sub-adviser, Newton Investment Management North America, LLC, an affiliate of BNY Mellon Investment Adviser, Inc., seeks to create a portfolio for the fund that includes a blend of growth and dividend-paying stocks, as well as other investments that provide income. The sub-adviser chooses stocks through a disciplined investment process that combines computer modeling techniques, bottom-up fundamental analysis and risk management. The fund's investment process is designed to provide investors with investment exposure to sector weightings and risk characteristics similar to those of the S&P 500 Index. In selecting securities, the fund's sub-adviser seeks companies that possess some or all of the following characteristics: growth of earnings potential; operating margin improvement; revenue growth prospects; business improvement; good business fundamentals; dividend yield consistent with the fund's strategy pertaining to income; value, or how a stock is priced relative to its perceived intrinsic worth; and healthy financial profile, which measures the financial wellbeing of the company. The fund's sub-adviser monitors the positions in the fund's portfolio, and considers selling a security if the company's business momentum deteriorates or valuation becomes excessive. The fund also may sell a security if an event occurs that contradicts the sub-adviser's rationale for owning it, such as deterioration in the company's financial fundamentals. In addition, the fund may sell a security if the sub-adviser determines a better investment opportunity emerges elsewhere, or if the sub-adviser changes the fund's industry or sector weightings.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
NVIDIA CORP $8.86M 9.69%
APPLE INC $5.38M 5.89%
AMAZON.COM INC $4.77M 5.21%
MICROSOFT CORP $3.97M 4.34%
ALPHABET INC CL C $3.96M 4.33%
TEXAS INSTRUMENTS INC $2.03M 2.22%
META PLATFORMS INC CL A $2.00M 2.19%
Dreyfus Institutional Preferred Government Plus Money Market Fund $1.87M 2.05%
CISCO SYSTEMS INC $1.82M 1.99%
EXXON MOBIL CORP $1.53M 1.67%
View all holdings →

Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
17
Exited
15
Increased
28
Decreased
76
Unchanged
1

How 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.

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Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
BNY Mellon Large Cap Equity Fund · DLQAX, DEYCX, DLQIX, DLACX 76% 0.75%
BNY Mellon Research Growth Fund, Inc. · DREQX, DWOAX, DWOCX, DWOIX, DRYQX 58% 0.75%
BNY Mellon Large Cap Securities Fund, Inc. · DREVX 57% 0.69%
View all similar funds →

Advisers

As of December 31, 2025 · N-CEN
FirmRole
BNY Mellon Investment Adviser, Inc. Adviser
Newton Investment Management North America, LLC Sub-adviser
Newton Investment Management Limited Sub-adviser

Footnotes

  1. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.

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