The most notable companies in this group are Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG), Amazon.com (NASDAQ:AMZN), VISA (NYSE:V), Unitedhealth Group (NYSE:UNH), Chevron Corp (NYSE:CVX), Texas Instruments (NASDAQ:TXN), Hess Corp (NYSE:HES).
The investment seeks long-term capital appreciation consistent with minimizing realized capital gains.
To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in common stocks and employs a tax-managed strategy, which is an approach to managing a fund that seeks to minimize capital gains tax liabilities. The fund focuses on "blue chip" companies with market capitalizations exceeding $5 billion at the time of purchase, including multinational companies.
The average market capitalization across the BNY Mellon Tax Managed Growth I MF is 879.02B. The market cap for tickers in the group ranges from 44.39B to 2.96T. AAPL holds the highest valuation in this group at 2.96T. The lowest valued company is HES at 44.39B.
The average weekly volume growth across all stocks in the BNY Mellon Tax Managed Growth I MF was 120%. For the same stocks of the MF, the average monthly volume growth was -22% and the average quarterly volume growth was -12%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 67
P/E Growth Rating: 37
Price Growth Rating: 38
SMR Rating: 37
Profit Risk Rating: 22
Seasonality Score: 13 (-100 ... +100)