MainStay VP Mellon Natural Resources Portfolio
Data updated: 2026-08-24
C000104625 — MainStay VP Mellon Natural Resources Portfolio. Global (incl. US) Mid Cap Blend / Core Equity. Holdings, fees, performance and SEC filings.
C000104625 Fund Overview
MainStay VP Mellon Natural Resources Portfolio is a US mutual fund managed by Mainstay Vp Funds Trust, categorised as Global (incl. US) Mid Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Mainstay Vp Funds Trust
- Category: Global (incl. US) Mid Cap Blend / Core Equity
- Assets under management: $324.40M
- 1-year return: 33.3%
- SEC CIK: 0000887340
- SEC series ID: S000033927
- Share class ID: C000104625
C000104625 Investment Objective and Strategy
MainStay VP Mellon Natural Resources Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Mainstay Vp Funds Trust.
Investment objective
The Portfolio seeks long-term capital appreciation.
Principal investment strategy
"The Portfolio normally invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in the stocks of companies in the natural resources and natural resources related sectors. Generally, these are companies principally engaged in owning or developing natural resources, or principally engaged in supplying goods, technology and services relating to natural resources. These companies may include, for example, companies involved in exploring, mining, drilling, refining, processing, transporting, distributing, fabricating, dealing in, or owning natural resources, and companies providing environmental services. Natural resources include, but are not limited to, precious metals (e.g., gold, platinum and silver), ferrous and non-ferrous metals (e.g., iron, aluminum and copper), strategic metals (e.g., uranium and titanium), hydrocarbons (e.g., coal, oil and natural gases) and other sources (including alternative sources) of energy, chemicals, paper and forest products, farming products, real estate, food, textile and tobacco products, and other basic commodities.
The Portfolio will invest at least 25% of its total assets (concentrate its investments) in the securities of hard assets companies and instruments that derive their value from hard assets. A hard assets company is a company that derives directly or indirectly, at least 50% of its revenues from exploration, development, production, distribution or facilitation of processes relating to hard assets, which are (i) precious metals, (ii) base and industrial metals, (iii) energy, or (iv) other commodities. The Portfolio invests principally in common stocks, but may also invest in preferred stocks, warrants and convertible securities, including those purchased in initial public offerings, and American Depositary Receipts. The Portfolio may invest in securities issued by exchange-traded funds (ETFs).
The Portfolio may invest in foreign securities (i.e., securities issued by companies organized under the laws of countries other than the U.S.), including emerging markets securities. An issuer of a security is considered to be a U.S. or foreign issuer based on the issuer's ""country of risk"" (or similar designation) as determined by a third-party such as Bloomberg. The Portfolio may also invest in options, futures and options on futures (including those relating to stocks, indexes, foreign currencies and interest rates) and forward contracts, as a substitute for investing directly in an underlying asset, to increase returns, or as part of a hedging strategy. The Portfolio also may engage in short-selling, typically for hedging purposes, such as to limit exposure to a possible market decline in the value of its portfolio securities.
Investment Process : Using fundamental research, the Portfolios Subadvisor, Newton Investment Management North America, LLC, seeks stocks of companies with strong positions in their natural resources sector, sustained achievement records and strong financial condition. There are no prescribed limits on the weightings of securities in any particular natural resources sector or in any individual company, and the Portfolio may invest in companies of any market capitalization. The Subadvisor typically sells a stock when the reasons for buying it no longer apply or when the company begins to show deteriorating fundamentals or poor relative performance or when a stock is fully valued by the market. The Subadvisor may also sell a stock to secure gains, limit losses or redeploy assets into more promising opportunities."
C000104625 Holdings
Top 10 holdings of MainStay VP Mellon Natural Resources Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Freeport-McMoRan, Inc. | 4.49% |
| International Paper Co. | 4.34% |
| Exxon Mobil Corp. | 4.19% |
| BP plc | 4.14% |
| Newmont Corp. | 4.11% |
| SLB Ltd. | 4.01% |
| Diamondback Energy, Inc. | 3.99% |
| ConocoPhillips | 3.88% |
| Suncor Energy, Inc. | 3.85% |
| Agnico Eagle Mines Ltd. | 3.64% |
C000104625 Portfolio Allocation
Asset-class allocation of MainStay VP Mellon Natural Resources Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.0% |
| Cash & Equivalents | 3.6% |
C000104625 Performance
Total returns for C000104625 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 14.7% |
| 1 year | 33.3% |
| 3 years (annualised) | 11.8% |
| 5 years (annualised) | 15.2% |
C000104625 Risk Information
Risk metrics for C000104625, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 19.3%
C000104625 Costs and Fees
C000104625 costs about $85 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.85%
- Gross expense ratio: 0.85%
- Portfolio turnover: 88%
- Brokerage commissions: 13.73 bps of average net assets (SEC N-CEN)
C000104625 Cashflows
Over the 12 months to 2026-06, MainStay VP Mellon Natural Resources Portfolio had net outflows of $47.95M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$3.66M |
| 2026-05 | −$5.86M |
| 2026-04 | −$4.68M |
| 2026-03 | −$2.57M |
| 2026-02 | −$4.98M |
| 2026-01 | −$4.89M |
C000104625 Debt Constituents
No individual debt constituents are reported in MainStay VP Mellon Natural Resources Portfolio's latest SEC N-PORT filing.
C000104625 Prospectus and SEC Filings
Official MainStay VP Mellon Natural Resources Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-16
- Prospectus (485BPOS) — filed 2025-04-16
- Prospectus (485BPOS) — filed 2024-04-19
- Portfolio holdings (N-PORT) — filed 2026-08-24
- Portfolio holdings (N-PORT) — filed 2026-05-26
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-03-13
- Annual census (N-CEN) — filed 2025-03-14
Related Funds
Other Global (incl. US) Mid Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.