NPORT-EX 2 c10236bnymello-february20211.htm Untitled Document

STATEMENT OF INVESTMENTS
BNY Mellon Global Stock Fund

February 28, 2021 (Unaudited)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.0%

     

Australia - 1.7%

     

CSL

   

115,300

 

23,296,351

 

Canada - 2.9%

     

Alimentation Couche-Tard, Cl. B

   

874,700

 

26,290,488

 

Canadian National Railway

   

134,200

 

14,648,532

 
    

40,939,020

 

Denmark - 2.2%

     

Novo Nordisk, Cl. B

   

436,800

 

31,038,512

 

Finland - 1.3%

     

Kone, Cl. B

   

235,400

 

18,768,165

 

France - 4.1%

     

L'Oreal

   

76,600

 

27,985,300

 

LVMH

   

46,000

 

29,138,183

 
    

57,123,483

 

Hong Kong - 5.1%

     

AIA Group

   

3,621,800

a

45,316,567

 

CLP Holdings

   

1,301,000

 

12,688,878

 

Jardine Matheson Holdings

   

264,500

a

13,838,640

 
    

71,844,085

 

Ireland - 1.6%

     

Experian

   

714,500

 

22,626,383

 

Japan - 9.4%

     

FANUC

   

119,200

 

29,454,740

 

Keyence

   

105,328

 

49,959,038

 

Shin-Etsu Chemical

   

177,700

 

28,923,449

 

SMC

   

41,500

 

24,488,484

 
    

132,825,711

 

Spain - 2.0%

     

Industria de Diseno Textil

   

865,000

a

28,502,512

 

Switzerland - 6.9%

     

Nestle

   

215,100

 

22,464,135

 

Novartis

   

310,000

 

26,646,402

 

Roche Holding

   

80,300

a

26,301,748

 

SGS

   

7,900

 

22,536,690

 
    

97,948,975

 

Taiwan - 4.3%

     

Taiwan Semiconductor Manufacturing, ADR

   

475,600

 

59,897,064

 

United Kingdom - 5.2%

     

Compass Group

   

1,018,000

a

20,635,939

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.0% (continued)

     

United Kingdom - 5.2% (continued)

     

Linde

   

126,500

 

30,900,155

 

Reckitt Benckiser Group

   

267,400

 

22,352,501

 
    

73,888,595

 

United States - 51.3%

     

Adobe

   

61,300

a

28,177,771

 

Alphabet, Cl. C

   

18,397

a

37,472,113

 

Amphenol, Cl. A

   

277,500

 

34,876,200

 

Automatic Data Processing

   

156,300

 

27,199,326

 

Booking Holdings

   

13,110

a

30,526,766

 

Cerner

   

177,648

 

12,282,583

 

Cisco Systems

   

576,000

 

25,845,120

 

Cognizant Technology Solutions, Cl. A

   

396,100

 

29,105,428

 

Colgate-Palmolive

   

358,100

 

26,929,120

 

Edwards Lifesciences

   

361,500

a

30,040,650

 

Fastenal

   

544,600

 

25,253,102

 

Fortinet

   

58,196

a

9,826,395

 

Illumina

   

50,500

a

22,190,205

 

Intuitive Surgical

   

41,500

a

30,577,200

 

IPG Photonics

   

78,700

a

17,892,445

 

Johnson & Johnson

   

186,200

 

29,505,252

 

Mastercard, Cl. A

   

124,000

 

43,877,400

 

Microsoft

   

198,600

 

46,150,668

 

NIKE, Cl. B

   

231,000

 

31,134,180

 

Oracle

   

451,700

 

29,139,167

 

Stryker

   

128,200

 

31,112,858

 

Texas Instruments

   

176,100

 

30,336,747

 

The TJX Companies

   

440,000

 

29,035,600

 

The Walt Disney Company

   

190,400

a

35,993,216

 

Waters

   

106,900

a

29,277,772

 
    

723,757,284

 

Total Common Stocks (cost $565,597,032)

   

1,382,456,140

 
  

1-Day
Yield (%)

     

Investment Companies - 1.9%

     

Registered Investment Companies - 1.9%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares
(cost $27,280,701)

 

0.07

 

27,280,701

b

27,280,701

 

Total Investments (cost $592,877,733)

 

99.9%

 

1,409,736,841

 

Cash and Receivables (Net)

 

.1%

 

1,627,587

 

Net Assets

 

100.0%

 

1,411,364,428

 

ADR—American Depository Receipt

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 Global Stock Fund

February 28, 2021 (Unaudited)

The following is a summary of the inputs used as of February 28, 2021 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

1,382,456,140

  

-

1,382,456,140

Investment Companies

27,280,701

-

 

-

27,280,701

      

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 Securities and Exchange Commission (“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:

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.

Pursuant to a securities lending agreement with The Bank of New York Mellon, a subsidiary of BNY Mellon and an affiliate of BNY Mellon Investment Adviser, Inc., the fund may lend securities to qualified institutions. It is the fund’s policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral equivalent to at least 100% of the market value of securities on loan is maintained at all times. Collateral is either in the form of cash, which can be invested in certain money market mutual funds managed by BNY Mellon Investment Adviser Inc., or U.S. Government and Agency securities. The fund is entitled to receive all dividends, interest and distributions on securities loaned, in addition to income earned as a


result of the lending transaction. Should a borrower fail to return the securities in a timely manner, The Bank of New York Mellon is required to replace the securities for the benefit of the fund or credit the fund with the market value of the unreturned securities and is subrogated to the fund’s rights against the borrower and the collateral. Additionally, the contractual maturity of security lending transactions are on an overnight and continuous basis.

At February 28, 2021, accumulated net unrealized appreciation on investments was $816,859,108, consisting of $817,509,804 gross unrealized appreciation and $650,696 gross unrealized depreciation.

At February 28, 2021, 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.