Investment objective & strategy
As of Jan. 4, 2023 · prospectusObjective. The fund seeks 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 equity securities. The fund invests, under normal circumstances, in approximately 25-30 companies that are considered by BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser) to be positioned for long-term earnings growth. The fund may hold growth or value stocks or a blend of both. The fund may invest in the stocks of companies of any market capitalization, although it focuses on large-cap companies (generally, those companies with market capitalizations of $5 billion or more at the time of purchase). The fund invests primarily in equity securities of U.S. issuers, but may invest up to 25% of its net … To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. The fund invests, under normal circumstances, in approximately 25-30 companies that are considered by BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser) to be positioned for long-term earnings growth. The fund may hold growth or value stocks or a blend of both. The fund may invest in the stocks of companies of any market capitalization, although it focuses on large-cap companies (generally, those companies with market capitalizations of $5 billion or more at the time of purchase). The fund invests primarily in equity securities of U.S. issuers, but may invest up to 25% of its net assets in the equity securities of foreign issuers, including those in emerging market countries. The fund's portfolio managers monitor sector and security weightings and regularly evaluate the fund's risk-adjusted returns to manage the risk profile of the fund's portfolio. The portfolio managers adjust exposure limits as necessary. The fund typically sells a security when the fund's portfolio managers believe that the investment themes have changed or there has been a negative change in the fundamental factors surrounding the company, sector weights change to reflect a revised macro-economic view, the company has become fully valued or a more attractive opportunity has been identified.
Top holdings
As of May 31, 2023 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| MICROSOFT CORP | — | $9.31M | 5.87% |
| AMERICAN INTERNATIONAL GROUP | — | $7.70M | 4.86% |
| T-MOBILE US INC | — | $7.51M | 4.74% |
| BOSTON SCIENTIFIC CORP | — | $7.33M | 4.63% |
| MERCK & CO | — | $7.25M | 4.58% |
| ORACLE CORP | — | $6.99M | 4.41% |
| LAS VEGAS SANDS CORP | — | $6.60M | 4.17% |
| LAM RESEARCH CORP | — | $6.42M | 4.05% |
| MASTERCARD INC CL A | — | $6.04M | 3.81% |
| EATON CORP PLC | — | $6.04M | 3.81% |
Portfolio moves
Feb 28, 2023 → May 31, 2023How 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. |
|---|---|---|
| JPMorgan Insurance Trust U.S. Equity Portfolio | 35% | 0.74% |
| JPMorgan Tax Aware Equity Fund | 31% | 0.44% |
| Ziegler FAMCO Hedged Equity Fund | 29% | 0.70% |
Footnotes
- Net assets and holdings count as of May 31, 2023, from the fund's N-PORT filing.
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