0001775697-19-000822.txt : 20191025 0001775697-19-000822.hdr.sgml : 20191025 20191025115003 ACCESSION NUMBER: 0001775697-19-000822 CONFORMED SUBMISSION TYPE: NPORT-EX PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190831 FILED AS OF DATE: 20191025 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BNY Mellon Sustainable U.S. Equity Fund, Inc. CENTRAL INDEX KEY: 0000030167 IRS NUMBER: 132691318 STATE OF INCORPORATION: MD FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: NPORT-EX SEC ACT: 1940 Act SEC FILE NUMBER: 811-02192 FILM NUMBER: 191168714 BUSINESS ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10286 BUSINESS PHONE: 2129226400 MAIL ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10286 FORMER COMPANY: FORMER CONFORMED NAME: Dreyfus Sustainable U.S. Equity Fund, Inc. DATE OF NAME CHANGE: 20170501 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS THIRD CENTURY FUND, INC DATE OF NAME CHANGE: 20161220 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS THIRD CENTURY FUND INC DATE OF NAME CHANGE: 20081201 0000030167 S000000095 BNY Mellon Sustainable U.S. Equity Fund, Inc. C000000149 Class A DTCAX C000000151 Class C DTCCX C000000152 Class I DRTCX C000000154 Class Z DRTHX C000174003 Class Y DTCYX ACCESSION NUMBER: 0001775697-19-000798 NPORT-EX 1 c10743bnymellons-august20191.htm Untitled Document

STATEMENT OF INVESTMENTS
The Dreyfus Sustainable U.S. Equity Fund, Inc.

August 31, 2019 (Unaudited)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.2%

     

Banks - 4.4%

     

Citigroup

   

128,671

 

8,279,979

 

First Republic Bank

   

67,542

 

6,059,868

 
    

14,339,847

 

Capital Goods - 3.4%

     

Acuity Brands

   

23,515

 

2,949,016

 

Ferguson

   

50,175

a

3,690,040

 

General Electric

   

514,628

 

4,245,681

 
    

10,884,737

 

Consumer Durables & Apparel - 6.4%

     

Lennar, Cl. A

   

91,877

 

4,685,727

 

NIKE, Cl. B

   

96,782

 

8,178,079

 

PulteGroup

   

152,290

 

5,147,402

 

Under Armour, Cl. A

   

149,376

a

2,779,887

 
    

20,791,095

 

Diversified Financials - 3.5%

     

Redwood Trust

   

232,296

b

3,856,114

 

The Goldman Sachs Group

   

36,436

 

7,429,665

 
    

11,285,779

 

Food & Staples Retailing - 3.4%

     

Costco Wholesale

   

24,192

 

7,130,834

 

Walgreens Boots Alliance

   

78,167

 

4,001,369

 
    

11,132,203

 

Food, Beverage & Tobacco - 4.0%

     

PepsiCo

   

95,096

 

13,002,476

 

Health Care Equipment & Services - 7.7%

     

Abbott Laboratories

   

151,045

 

12,887,159

 

Medtronic

   

111,066

 

11,982,911

 
    

24,870,070

 

Household & Personal Products - 3.6%

     

Colgate-Palmolive

   

136,218

 

10,100,565

 

Coty, Cl. A

   

170,096

 

1,624,417

 
    

11,724,982

 

Insurance - 4.4%

     

Intact Financial

   

146,824

 

14,349,361

 

Materials - 2.6%

     

Ecolab

   

18,060

 

3,725,959

 

International Flavors & Fragrances

   

42,107

 

4,621,243

 
    

8,347,202

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.2% (continued)

     

Media & Entertainment - 5.8%

     

Alphabet, Cl. A

   

15,786

a

18,793,706

 

Pharmaceuticals Biotechnology & Life Sciences - 7.1%

     

Gilead Sciences

   

124,117

 

7,886,394

 

Merck & Co.

   

175,972

 

15,216,299

 
    

23,102,693

 

Retailing - 10.5%

     

Amazon.com

   

7,374

a

13,098,362

 

Dollar General

   

67,019

 

10,460,996

 

eBay

   

176,863

 

7,125,810

 

The TJX Companies

   

62,190

 

3,418,584

 
    

34,103,752

 

Semiconductors & Semiconductor Equipment - 3.8%

     

Applied Materials

   

139,855

 

6,715,837

 

Qualcomm

   

70,492

 

5,482,163

 
    

12,198,000

 

Software & Services - 12.8%

     

Accenture, Cl. A

   

66,956

a

13,268,670

 

Intuit

   

15,418

 

4,445,934

 

Microsoft

   

173,944

 

23,979,920

 
    

41,694,524

 

Technology Hardware & Equipment - 6.6%

     

Apple

   

63,881

 

13,334,520

 

Cisco Systems

   

171,716

 

8,038,026

 
    

21,372,546

 

Telecommunication Services - 3.7%

     

Verizon Communications

   

209,349

 

12,175,738

 

Utilities - 4.5%

     

CMS Energy

   

102,841

 

6,484,125

 

Eversource Energy

   

101,334

a

8,119,893

 
    

14,604,018

 

Total Common Stocks (cost $254,297,052)

   

318,772,729

 
  

1-Day
Yield (%)

     

Investment Companies - 1.8%

     

Registered Investment Companies - 1.8%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund
(cost $5,833,112)

 

2.09

 

5,833,112

c

5,833,112

 

Total Investments (cost $260,130,164)

 

100.0%

 

324,605,841

 

Liabilities, Less Cash and Receivables

 

.0%

 

(55,345)

 

Net Assets

 

100.0%

 

324,550,496

 

a Non-income producing security.

b Investment in real estate investment trust within the United States.


c Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company’s prospectus.


STATEMENT OF INVESTMENTS
The Dreyfus Sustainable U.S. Equity Fund, Inc.

August 31, 2019 (Unaudited)

The following is a summary of the inputs used as of August 31, 2019 in valuing the fund’s investments:

      
 

Level 1 - Unadjusted Quoted Prices

Level 2 - Other Significant Observable Inputs

 

Level 3 -Significant Unobservable Inputs

Total

Assets ($)

 

 

 

 

 

Investments in Securities:

 

 

 

 

 

Equity Securities - Common Stocks

318,772,729

-

 

-

318,772,729

Investment Companies

5,833,112

-

 

-

5,833,112

See Statement of Investments for additional detailed categorizations, if any.


NOTES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund’s financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund’s investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

Level 1—unadjusted quoted prices in active markets for identical investments.

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

Level 3—significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund’s investments are as follows:

Investments in securities are valued at the last sales price on the securities exchange or national securities market on which such securities are primarily traded. Securities listed on the National Market System for which market quotations are available are valued at the official closing price or, if there is no official closing price that day, at the last sales price. For open short positions, asked prices are used for valuation purposes. Bid price is used when no asked price is available. Registered investment companies that are not


NOTES

traded on an exchange are valued at their net asset value. All of the preceding securities are generally categorized within Level 1 of the fair value hierarchy.

Securities not listed on an exchange or the national securities market, or securities for which there were no transactions, are valued at the average of the most recent bid and asked prices. U.S. Treasury Bills are valued at the mean price between quoted bid prices and asked prices by an independent pricing service (the “Service”) approved by the Board Members (“Board”). These securities are generally categorized within Level 2 of the fair value hierarchy.

The Service’s procedures are reviewed by BNY Mellon under the general supervision of the Board.

Fair valuing of securities may be determined with the assistance of a pricing service using calculations based on indices of domestic securities and other appropriate indicators, such as prices of relevant American Depository Receipts and futures. Utilizing these techniques may result in transfers between Level 1 and Level 2 of the fair value hierarchy.

When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market), but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

For restricted securities where observable inputs are limited, assumptions about market activity and risk are used and such securities are generally categorized within Level 3 of the fair value hierarchy.

At August 31, 2019, accumulated net unrealized appreciation on investments was $64,475,677, consisting of $71,909,908 gross unrealized appreciation and $7,434,231 gross unrealized depreciation..

At August 31, 2019, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement of Investments).

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.