BNY Mellon Variable Investment Fund, Opportunistic Small Cap Portfolio
- Fund Code 0121
- CUSIP 05589U507
- SHARE CLASS
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Why invest in this Fund?
The fund seeks capital growth.
To pursue this goal, the fund normally invests at least 80% of its net assets in the stocks of small-cap companies with market capitalizations within the range of companies in the Russell 2000 Index at the time of purchase. The fund's stock investments may include common stocks, preferred stocks and convertible securities of both U.S. and foreign issuers. Stocks are selected for the fund's portfolio based primarily on bottom-up fundamental analysis.
Yields and Expense Ratio
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30-DAY SEC YIELD as of 11/21/25 |
PROSPECTUS FEE TABLE EXPENSE RATIO (%) as of 05/01/25 |
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|---|---|---|---|---|
| Subsidized | Unsubsidized | Net | Gross | Contractual Fee Waiver End Date |
| 0.00 | 0.00 | 0.74 | 0.84 | 05/01/26 |
Yield fluctuates and past performance is no guarantee of future results.
The SEC 30-day Yield is calculated by dividing the net investment income per share earned during the period (calculated in accordance with regulatory guidelines) by the maximum offering price per share on the last day of the period.
Unsubsidized yield displays what the fund's 30-Day SEC Yield would have been had no fee waiver or expense reimbursement been in place during the period.
Gross Expenses is the total annual operating expense ratio for the fund, before any fee waivers or expense reimbursements. Net Expenses is the total annual operating expense ratio for the fund, after any applicable fee waivers or expense reimbursements. The Gross Expenses, or Net Expenses (if including fee waivers or expense reimbursements) is the actual fund expense ratio applicable to investors.
Portfolio Managers
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Andrew Leger
Portfolio Manager, Newton Investment Management North America, LLC
Managing Fund Since 2021
Joined Firm in 2014
Joined Industry in 1998
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Gregory P. Manley
Portfolio Manager, Newton Investment Management North America, LLC
Managing Fund Since July 2025
Joined Firm in February 2025
Joined Industry in 2000
Fees & Expenses
Variable insurance products have additional fees, charges and expenses. Please consult the applicable variable contract prospectus for more detailed information.
Portfolio Manager/Sub-Investment Adviser
Andrew Leger and Gregory P. Manley, CFA, are the fund's primary portfolio managers and are jointly and primarily responsible for managing the fund's portfolio. Mr. Leger has been a portfolio manager of the fund since September 2021 and is a portfolio manager at NIMNA. He has been employed by NIMNA or a predecessor company of NIMNA since 2014. Mr. Manley has been a portfolio manager of the fund since July 2025 and is a portfolio manager at NIMNA. He has been employed by NIMNA since February 2025.
Asset Allocation
Main Risks
While stocks have historically been a leading choice of long-term investors, they do fluctuate in price. The value of a shareholder's investment in the fund will go up and down, sometimes dramatically, which means that shareholders could lose money.
Small companies carry additional risks because their earnings tend to be less predictable, their share prices more volatile and their securities less liquid than larger, more established companies. Some of the fund's investments are made in anticipation of future products and services that if delayed or cancelled could cause the company's stock price to drop. The fund may purchase securities of companies in initial public offerings (IPOs). The prices of securities purchased in IPOs can be very volatile.
Please refer to the prospectus for a more complete discussion of the fund's main risks.
Risk Metrics
| As of 10/31/25 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
|---|---|---|---|---|---|
|
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|
20.00 | -18.61 | 1.24 | 63.74 | 0.09 |
All risk metrics are provided by Morningstar. The index used in the calculations are determined by Morningstar which may not be the funds primary benchmark. The index Morningstar used for this analysis is S&P 500® Index.
Literature
Factsheet, Prospectus and Reports
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