NPORT-EX 2 c10743bnymello-february20231.htm Untitled Document

STATEMENT OF INVESTMENTS
BNY Mellon Sustainable U.S. Equity Fund, Inc.

February 28, 2023 (Unaudited)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 97.9%

     

Banks - 4.7%

     

First Republic Bank

   

46,412

 

5,709,140

 

JPMorgan Chase & Co.

   

83,511

 

11,971,302

 
    

17,680,442

 

Capital Goods - 5.9%

     

Ingersoll Rand, Inc.

   

201,157

 

11,681,187

 

Trane Technologies PLC

   

57,878

 

10,705,694

 
    

22,386,881

 

Consumer Durables & Apparel - 2.9%

     

NIKE, Inc., Cl. B

   

92,843

 

 11,028,820

 

Diversified Financials - 2.6%

     

The Goldman Sachs Group, Inc.

   

27,588

 

 9,701,320

 

Food & Staples Retailing - 2.7%

     

Costco Wholesale Corp.

   

21,173

 

 10,251,543

 

Food, Beverage & Tobacco - 4.9%

     

Darling Ingredients, Inc.

   

101,812

a 

6,441,645

 

PepsiCo, Inc.

   

70,417

 

12,219,462

 
    

18,661,107

 

Health Care Equipment & Services - 7.1%

     

Edwards Lifesciences Corp.

   

92,853

a 

7,469,095

 

Medtronic PLC

   

115,505

 

9,563,814

 

The Cooper Companies, Inc.

   

30,267

 

9,896,401

 
    

26,929,310

 

Insurance - 4.9%

     

Chubb Ltd.

   

41,716

 

8,802,910

 

The Progressive Corp.

   

67,754

 

9,724,054

 
    

18,526,964

 

Materials - 4.8%

     

Albemarle Corp.

   

31,202

 

7,934,981

 

CF Industries Holdings, Inc.

   

62,995

 

5,410,641

 

Ecolab, Inc.

   

29,648

 

4,725,002

 
    

18,070,624

 

Media & Entertainment - 3.7%

     

Alphabet, Inc., Cl. A

   

154,139

a 

 13,881,758

 

Pharmaceuticals Biotechnology & Life Sciences - 8.8%

     

AbbVie, Inc.

   

56,811

 

8,743,213

 

Danaher Corp.

   

37,372

 

9,250,691

 

Eli Lilly & Co.

   

30,824

 

9,593,045

 

Merck & Co., Inc.

   

52,669

 

5,595,555

 
    

33,182,504

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 97.9% (continued)

     

Retailing - 4.1%

     

Amazon.com, Inc.

   

166,455

a 

 15,685,055

 

Semiconductors & Semiconductor Equipment - 5.0%

     

Applied Materials, Inc.

   

40,442

 

4,697,338

 

SolarEdge Technologies, Inc.

   

19,134

a 

6,083,081

 

Texas Instruments, Inc.

   

47,604

 

8,161,706

 
    

18,942,125

 

Software & Services - 19.0%

     

Accenture PLC, Cl. A

   

34,252

 

9,095,619

 

Fidelity National Information Services, Inc.

   

93,185

 

5,905,134

 

Intuit, Inc.

   

25,395

 

10,340,336

 

Mastercard, Inc., Cl. A

   

38,163

 

13,558,932

 

Microsoft Corp.

   

105,745

 

26,374,918

 

Salesforce, Inc.

   

39,941

a 

6,534,747

 
    

71,809,686

 

Technology Hardware & Equipment - 8.8%

     

Apple, Inc.

   

180,636

 

26,627,553

 

TE Connectivity Ltd.

   

52,398

 

6,671,313

 
    

33,298,866

 

Telecommunication Services - 2.2%

     

Verizon Communications, Inc.

   

211,624

 

 8,213,128

 

Transportation - 1.9%

     

Norfolk Southern Corp.

   

32,009

 

 7,196,263

 

Utilities - 3.9%

     

CMS Energy Corp.

   

114,756

 

6,767,161

 

NextEra Energy, Inc.

   

114,264

 

8,116,172

 
    

14,883,333

 

Total Common Stocks (cost $280,761,330)

   

370,329,729

 
  

1-Day
Yield (%)

     

Investment Companies - 2.1%

     

Registered Investment Companies - 2.1%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares
(cost $7,999,395)

 

4.65

 

7,999,395

b 

 7,999,395

 

Total Investments (cost $288,760,725)

 

100.0%

 

378,329,124

 

Liabilities, Less Cash and Receivables

 

(.0%)

 

(80,124)

 

Net Assets

 

100.0%

 

378,249,000

 

a Non-income producing security.

b 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
BNY Mellon Sustainable U.S. Equity Fund, Inc.

February 28, 2023 (Unaudited)

The following is a summary of the inputs used as of February 28, 2023 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

370,329,729

-

 

-

370,329,729

 

Investment Companies

7,999,395

-

 

-

7,999,395

 

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


The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 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 SEC under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. 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:

The fund’s Board of Directors (the “Board”) has designated the Adviser as the fund’s valuation designee to make all fair value determinations with respect to the fund’s portfolio investments, subject to the Board’s oversight and pursuant to Rule 2a-5 under the Act.


Investments in equity 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 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 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 February 28, 2023, accumulated net unrealized appreciation on investments was $89,568,399, consisting of $107,790,756 gross unrealized appreciation and $18,222,357 gross unrealized depreciation.


At February 28, 2023, 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.