Investment objective & strategy
As of April 24, 2025 · prospectusObjective. The investment objective of the Fund is to seek total return (consisting of capital appreciation and income).
Strategy. Under normal market conditions, the Fund invests at least 80% of its assets (net assets plus the amount of any borrowings made for investment purposes) in equity securities. The Fund seeks to focus on dividend-paying stocks and other investments and investment techniques that provide income, including covered call strategies. Newton Investment Management North America, LLC, the Funds sub-adviser (the Sub-Adviser), chooses stocks through a disciplined investment process that combines computer modeling techniques, fundamental analysis, and risk management. The Fund will emphasize those stocks with value characteristics, although it also may purchase growth stocks. The Sub-Advisers investment process is designed to provide investors with investment exposure to sector weightings and risk characteristics generally similar to those of the S&P 500 Value … Under normal market conditions, the Fund invests at least 80% of its assets (net assets plus the amount of any borrowings made for investment purposes) in equity securities. The Fund seeks to focus on dividend-paying stocks and other investments and investment techniques that provide income, including covered call strategies. Newton Investment Management North America, LLC, the Funds sub-adviser (the Sub-Adviser), chooses stocks through a disciplined investment process that combines computer modeling techniques, fundamental analysis, and risk management. The Fund will emphasize those stocks with value characteristics, although it also may purchase growth stocks. The Sub-Advisers investment process is designed to provide investors with investment exposure to sector weightings and risk characteristics generally similar to those of the S&P 500 Value Index. The Funds equity investments may include common stocks, preferred stocks, convertible securities, and American Depositary Receipts (ADRs), including those purchased in initial public offerings. The Fund may also invest in fixed income securities and money market instruments. The Fund may, but is not required to, use derivatives, such as options, futures, and options on futures (including those relating to stocks, indices, and interest rates), as a substitute for investing directly in an underlying asset, to increase returns or income, or as a part of a hedging strategy. The Fund may invest in securities issued by companies in the financial services sector. The Fund primarily invests in securities of U.S. companies and does not currently intend to invest more than 15% in foreign securities.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| CISCO SYSTEMS INC | — | $157.80M | 3.95% |
| EXXON MOBIL CORP | — | $132.48M | 3.32% |
| JOHNSON&JOHNSON | — | $129.01M | 3.23% |
| BERKSHIRE HATH-B | — | $124.04M | 3.10% |
| JPMORGAN CHASE and CO | — | $121.34M | 3.04% |
| JNL Government Money Market Fund | — | $120.60M | 3.02% |
| ASSURANT INC | — | $109.67M | 2.74% |
| APPLIED MATERIALS INC | — | $105.25M | 2.63% |
| TEXAS INSTRUMENTS INC | — | $99.01M | 2.48% |
| OMNICOM GROUP INC | — | $97.26M | 2.43% |
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. |
|---|---|---|
| NVIT BNY Mellon Dynamic U.S. Equity Income Fund | 96% | 0.51% |
| Nationwide BNY Mellon Dynamic U.S. Equity Income Fund · NWAPX, NWAOX, NWALX, NWAMX, NWANX | 84% | 0.60% |
| BNY Mellon Dynamic Value Fund · DAGVX, DCGVX, DRGVX, DRGYX | 82% | 0.63% |
Advisers
| Firm | Role |
|---|---|
| Newton Investment Management North America, LLC | Sub-adviser |
| Jackson National Asset Management, LLC | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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