Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print BNY Mellon VIF Apprec Port Initl Release date as of 2024-03-31. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Morningstar Report Overall Morningstar Rating™ What is this? As of 2024-03-31 Out of 1111 Large Growth Funds Morningstar® Style Box™ What is this? As of 2024-03-31 Total Fund Assets ($ Mil) 192.12 View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy   The investment seeks long-term capital growth consistent with the preservation of capital; its secondary goal is current income. The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in common stocks. It focuses on "blue chip" companies with total market capitalizations of more than $5 billion at the time of purchase, including multinational companies.

Morningstar Category: Large Growth Large-growth portfolios invest primarily in big U.S. companies that are projected to grow faster than other large-cap stocks. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap. Growth is defined based on fast growth (high growth rates for earnings, sales, book value, and cash flow) and high valuations (high price ratios and low dividend yields). Most of these portfolios focus on companies in rapidly expanding industries.

Investment Risks There are no additional fund specific investment risks (e.g. liquidity risk, currency risk, foreign investment risk, etc.) associated with this fund beyond the normal risks generally associated with investing in a mutual fund.

Portfolio Profile Asset Allocation % of Net Assets U.S. Stocks 83.5 Non-U.S. Stocks 15.8 Bonds 0.0 Cash 0.7 Other 0.0 Data through 2024-03-31 Morningstar Equity Sectors % of Stocks Cyclical 32.31 Basic Materials 2.96 Consumer Cyclical 13.87 Financial Services 15.48 Real Estate 0.00 Sensitive 48.32 Communication Services 5.13 Energy 7.83 Industrials 7.51 Technology 27.85 Defensive 19.36 Consumer Defensive 4.49 Healthcare 14.87 Utilities 0.00 Data through 2024-03-31 Holding Status Total Number of Stock Holdings 47 Total Number of Bond Holdings 0 % of Net Assets in Top 10 Holdings 46.16 Turnover % (as of 2023-12-31) 3.73 30 Day SEC Yield % 0.00 Top Holdings Sector P/E % of Net Assets Microsoft Corp 38.04 9.74 Apple Inc 26.67 5.89 Amazon.com Inc 62.20 5.43 Novo Nordisk A/S ADR --- 5.17 Visa Inc Class A 32.15 3.95 Alphabet Inc Class C 26.25 3.83 UnitedHealth Group Inc 20.73 3.18 Chevron Corp 13.89 3.04 Hess Corp 34.00 3.03 ASML Holding NV ADR --- 2.90 Data through 2024-03-31

Principal Risks    Foreign Securities, Loss of Money, Not FDIC Insured, Value Investing, Market/Market Volatility, Depositary Receipts, Equity Securities, Management, Large Cap Show Risk Definitions

Other Information Inception Date: 1993-04-05 Portfolio Manager(s) Catherine P. Crain   (1998-03-31) Catherine P. Crain is a Vice President at Fayez Sarofim & Co. and a co-manager of the mutual funds that Fayez Sarofim & Co. manages for BNY Mellon. She is also a portfolio manager for a variety of institutional and high net worth clients. Ms. Crain joined the Firm in 1993 as an Associate. Over the years, areas of research responsibility have included transportation, media and entertainment, and consumer products. Ms. Crain received a M.B.A. from the University of Texas in 1993 and a B.A. with Highest Honors in the Plan II Liberal Arts Honors Program at the University of Texas at Austin in 1989, where she was elected to Phi Beta Kappa. Prior to joining Fayez Sarofim & Co., she was employed at Merrill Lynch & Co. as a Financial Analyst in the Investment Banking Division in New York and Houston. Ms. Crain is a life member of the University of Texas McCombs School of Business Advisory Council. She also serves as a member of The Joy School Board of Trustees. Christopher B. Sarofim   (2000-10-31) Christopher B. Sarofim is Vice Chairman of Fayez Sarofim & Co., President of Sarofim International Management Company and a Director of The Sarofim Group. He is a member of Fayez Sarofim & Co.’s Executive, Investment and Finance Committees, a co-manager of the mutual funds that Fayez Sarofim & Co. manages for BNY Mellon and a portfolio manager for a variety of institutional and high net worth clients. Mr. Sarofim joined the Firm in 1988 as an Associate. Mr. Sarofim received an A.B. in History from Princeton University in 1986. Prior to joining Fayez Sarofim & Co., he worked in corporate finance at Goldman, Sachs & Co. Mr. Sarofim is a member of the Board of Trustees for The Brown Foundation, Inc. He also serves on the boards of Kemper Corp. and Wood Partners and is on the Advisory Committee of the MD Anderson Cancer Center Board of Visitors. Alan R. Christensen   (2020-03-04) Alan R. Christensen is the President and Head of Investment Risk at Fayez Sarofim & Co. Mr. Christensen oversees the Firm’s marketing, client service, operations and technology initiatives and is a member of the Investment Committee. He is also a portfolio manager for a variety of institutional and high net worth clients. Mr. Christensen joined the Firm in 2005 as an Associate. Mr. Christensen received a M.B.A. with Distinction from Cornell University in 2005, where he was a Park Fellow and a B.A. in Economics and History from Washington & Lee University in 1995, where he graduated cum laude. Prior to joining Fayez Sarofim & Co., he was employed with Alvarez & Marsal as a Director and Accenture as a Senior Manager in Capital Markets. W. Gentry Lee   (2010-12-14) William ("Gentry”) Lee, Jr. is the Chief Executive Officer and Co-Chief Investment Officer of Fayez Sarofim & Co., a Director of The Sarofim Group and a member of Fayez Sarofim & Co.’s Executive and Investment Committees. In addition to overseeing the Firm’s investment, client service and business operations, he is a co-manager of the mutual funds that Fayez Sarofim & Co. manages for BNY Mellon. He is also a portfolio manager for a variety of institutional and high net worth clients. Mr. Lee joined the Firm in 1998 as an Associate. Over the years, areas of research responsibility have included beverages, technology and transportation. Mr. Lee received a M.B.A. with High Distinction from Harvard Business School in 1998, where he was a Baker Scholar, and a B.A. with High Honors in Economics from Vanderbilt University in 1994, where he graduated summa cum laude. He was also elected to Phi Beta Kappa. Prior to attending business school and joining Fayez Sarofim & Co., he was employed as a Financial Analyst with Enron Capital & Trade Resources. Mr. Lee serves on the board of directors of Wood Partners and St. John’s School. Previously, he was a board member of the Carruth Foundation and Memorial Park Conservancy and Co-President of the Houston Vanderbilt University Alumni Chapter. Charles E. Sheedy   (2000-10-31) Charles E. Sheedy is a Senior Vice President at Fayez Sarofim & Co. and a member of the Firm’s Investment Committee. He is co-manager of the mutual funds that Fayez Sarofim & Co. manages for BNY Mellon and serves on the board of Sarofim Trust Co. Additionally, he is a portfolio manager for a variety of institutional and high net worth clients. Mr. Sheedy joined the Firm 1971 as an Associate. Over the years, areas of responsibility have included retail, electrical equipment, consumer staples, basic industries and health care. Mr. Sheedy received a M.B.A. from Harvard Business School in 1971 and graduated cum laude from the University of Notre Dame in 1969. Mr. Sheedy is a member of the Notre Dame Arts & Letters Advisory Counsel. Investment Advisor(s) BNY Mellon Investment Adviser, Inc Issuer BNY Mellon Subadvisor(s) Fayez Sarofim & Company

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