Investment objective & strategy
As of March 28, 2024 · prospectusObjective. The fund seeks long-term total return.
Strategy. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies located in the United States. The fund may invest in the securities of companies of any market capitalization. The fund's sub-adviser, Walter Scott & Partners Limited (Walter Scott), an affiliate of BNY Mellon Investment Adviser, Inc., seeks investment opportunities in companies with fundamental strengths that indicate the potential for sustainable long-term growth, thereby benefitting from the power of compounding. Walter Scott focuses on individual stock selection, building the fund's portfolio from the bottom up through extensive fundamental research. The investment process begins with the screening of reported company financials. Companies that meet certain broad … To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies located in the United States. The fund may invest in the securities of companies of any market capitalization. The fund's sub-adviser, Walter Scott & Partners Limited (Walter Scott), an affiliate of BNY Mellon Investment Adviser, Inc., seeks investment opportunities in companies with fundamental strengths that indicate the potential for sustainable long-term growth, thereby benefitting from the power of compounding. Walter Scott focuses on individual stock selection, building the fund's portfolio from the bottom up through extensive fundamental research. The investment process begins with the screening of reported company financials. Companies that meet certain broad absolute and trend criteria are candidates for more detailed analysis. Sector and industry allocations, as well as allocations to equity securities of companies with varying market capitalizations, are the results of, not part of, the investment process, because Walter Scott's sole focus is on the analysis of and investment in individual companies. The fund typically sells a security when it no longer possesses the characteristics that caused Walter Scott to purchase the security for the fund's portfolio. A security may be a sell candidate when its valuation reaches or exceeds its calculated fair value, or there are deteriorating fundamentals. Walter Scott may reduce the weighting of a security held by the fund if it becomes overweighted as determined by Walter Scott.
Top holdings
As of Feb. 29, 2024 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| MICROSOFT CORP | — | $2.28M | 4.36% |
| ALPHABET INC CL C | — | $2.17M | 4.14% |
| MASTERCARD INC CL A | — | $1.77M | 3.38% |
| AMPHENOL CORPORATION CL A | — | $1.76M | 3.36% |
| LILLY ELI and CO | — | $1.67M | 3.18% |
| INTUITIVE SURGICAL INC | — | $1.62M | 3.10% |
| METTLER-TOLEDO INTL INC | — | $1.62M | 3.10% |
| WEST PHARMACEUTICAL SVCS INC | — | $1.62M | 3.10% |
| OLD DOMINION FRT | — | $1.61M | 3.07% |
| STRYKER CORP | — | $1.56M | 2.98% |
Portfolio moves
Nov 30, 2023 → Feb 29, 2024How 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. |
|---|---|---|
| VP Ultra Fund | 24% | 0.75% |
| Barrett Growth Fund | 24% | 1.25% |
| Mirova U.S. Sustainable Equity Fund | 23% | 0.75% |
Footnotes
- Net assets and holdings count as of February 29, 2024, from the fund's N-PORT filing.
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