Morningstar® Investment Profile™   Morningstar®
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BNY Mellon IP Technology Growth Init
Release date as of 2024-04-30. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
What is this?
As of 2024-04-30
Out of 230
Technology Funds
Style Box™
What is this?
As of 2024-03-31
Total Fund Assets ($ Mil)
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks capital appreciation.
The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in the stocks of growth companies of any size that the adviser believes to be leading producers or beneficiaries of technological innovation. Up to 25% of the fund's assets may be invested in foreign securities. In choosing stocks, the fund looks for technology companies with the potential for strong earnings or revenue growth rates.
  Morningstar Category: Technology
Technology portfolios buy high-tech businesses in the U.S. or outside of the U.S. Most concentrate on computer, semiconductor, software, networking, and Internet stocks. A few also buy medical-device and biotechnology stocks, and some concentrate on a single technology industry. 
  Investment Risks
Sector Funds: Funds that invest exclusively in one sector or industry involve risks due to the lack of industry diversification and expose the investor to increased industry-specific risks.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 88.0
Bullet Non-U.S. Stocks Non-U.S. Stocks 10.9
Bullet Bonds Bonds 0.0
Bullet Cash Cash 0.5
Bullet Other Other 0.6
Asset Allocation Rescaled Graph
Data through 2024-03-31
Morningstar Equity Sectors
% of Stocks
Cyclical 10.09
Basic Materials 0.00
Consumer Cyclical 8.48
Financial Services 0.00
Real Estate 1.61
Sensitive 88.28
Communication Services 16.27
Energy 0.00
Industrials 0.00
Technology 72.01
Defensive 1.63
Consumer Defensive 0.00
Healthcare 1.63
Utilities 0.00
Data through 2024-03-31
Holding Status
Total Number of Stock Holdings 36
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 54.15
Turnover % (as of 2023-12-31) 36.88
30 Day SEC Yield % 0.00
Top Holdings
Sector P/E % of Net
NVIDIA Corp 72.42 8.27
Uber Technologies Inc 76.17 6.26
Applied Materials Inc 23.37 6.00
Meta Platforms Inc Class A 24.75 5.78
Microsoft Corp 33.74 5.23
ServiceNow Inc 74.07 4.76
Shopify Inc Registered Shs -A- Subord Vtg 702.00 4.63
Netflix Inc 38.16 4.54
Taiwan Semiconductor Manufacturing Co Ltd ADR --- 4.37 Inc 49.02 4.31
Data through 2024-03-31
  Principal Risks   
Foreign Securities, Loss of Money, Not FDIC Insured, Growth Investing, Market/Market Volatility, Equity Securities, Restricted/Illiquid Securities, Management, Small Cap, Mid-Cap, Technology Sector
Show Risk Definitions
  Other Information
Inception Date: 1999-08-31
Portfolio Manager(s)
Robert C. Zeuthen   (2022-03-09)
Rob is a member of Newton’s equity research team and is a senior portfolio manager on the small mid cap equity team and the lead portfolio manager for the Mobility Innovation strategy. In addition to portfolio management duties, he is responsible for research coverage of the information technology sector. Rob joined Newton in September 2021, following the integration of Mellon Investments Corporation’s equity and multi-asset capabilities into the Newton Investment Management Group. Before joining Newton, Rob was a senior portfolio manager at Mellon Investments Corporation and The Boston Company Asset Management (both BNY Mellon group companies). Prior to joining BNY Mellon, Rob worked at Bricoleur Capital leading technology investing for its long/short hedge fund. Rob began his career at Prudential and its subsidiary Jennison Associates, where he helped launch a US small-cap fund and served as an analyst and portfolio manager for global small-cap equities. Rob has a BS with honors in Finance from Boston College. He holds the CFA designation and is a member of the CFA Institute.
Brian Byrnes   (2024-05-07)
Mr. Byrnes is a research analyst at NIMNA and has been employed by NIMNA since 2022. Prior to joining NIMNA, Mr. Byrnes was a research analyst, among other positions, at Eaton Vance from 2018 to 2022.
Investment Advisor(s)
BNY Mellon Investment Adviser, Inc
BNY Mellon
Newton Investment Management North America, LLC
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