NPORT-EX 2 c10850bnymellonac-march20211.htm Untitled Document

STATEMENT OF INVESTMENTS
BNY Mellon Active Midcap Fund

March 31, 2021 (Unaudited)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 99.8%

     

Automobiles & Components - .8%

     

BorgWarner

   

24,200

 

1,121,912

 

The Goodyear Tire & Rubber Company

   

59,350

a

1,042,780

 

Thor Industries

   

9,800

 

1,320,452

 
    

3,485,144

 

Banks - 2.8%

     

Associated Banc-Corp

   

180,780

 

3,857,845

 

KeyCorp

   

22,380

 

447,152

 

MGIC Investment

   

59,540

 

824,629

 

New York Community Bancorp

   

109,760

 

1,385,171

 

Regions Financial

   

171,760

 

3,548,562

 

Western Alliance Bancorp

   

31,120

 

2,938,973

 
    

13,002,332

 

Capital Goods - 8.8%

     

A.O. Smith

   

15,660

 

1,058,773

 

AGCO

   

19,520

 

2,804,048

 

Dover

   

11,500

 

1,576,995

 

EMCOR Group

   

12,700

 

1,424,432

 

Fastenal

   

46,040

 

2,314,891

 

Fortive

   

32,410

 

2,289,442

 

Fortune Brands Home & Security

   

26,570

 

2,545,937

 

Generac Holdings

   

6,760

a

2,213,562

 

Hubbell

   

6,880

 

1,285,803

 

Lennox International

   

5,910

 

1,841,497

 

Masco

   

38,310

 

2,294,769

 

Parker-Hannifin

   

21,820

 

6,882,683

 

Pentair

   

21,250

 

1,324,300

 

Rockwell Automation

   

1,850

 

491,064

 

Simpson Manufacturing

   

7,130

 

739,595

 

Stanley Black & Decker

   

19,260

 

3,845,644

 

The Middleby

   

6,910

a

1,145,333

 

Trane Technologies

   

9,520

 

1,576,131

 

United Rentals

   

3,320

a

1,093,309

 

W.W. Grainger

   

4,570

 

1,832,250

 
    

40,580,458

 

Commercial & Professional Services - 1.4%

     

CACI International, Cl. A

   

5,060

a

1,248,100

 

Cintas

   

6,640

 

2,266,298

 

Clean Harbors

   

12,940

a

1,087,736

 

CoreLogic

   

3,770

 

298,773

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 99.8% (continued)

     

Commercial & Professional Services - 1.4% (continued)

     

Republic Services

   

7,650

 

760,028

 

Tetra Tech

   

5,370

 

728,816

 

TransUnion

   

2,620

 

235,800

 
    

6,625,551

 

Consumer Durables & Apparel - 4.4%

     

Brunswick

   

14,370

 

1,370,467

 

D.R. Horton

   

7,960

 

709,395

 

Deckers Outdoor

   

9,090

a

3,003,518

 

Hanesbrands

   

54,270

 

1,067,491

 

Lululemon Athletica

   

2,720

a

834,251

 

Mohawk Industries

   

7,140

a

1,373,093

 

NVR

   

240

a

1,130,623

 

Peloton Interactive, Cl. A

   

14,280

a

1,605,643

 

Polaris

   

7,590

 

1,013,265

 

PulteGroup

   

45,620

 

2,392,313

 

PVH

   

15,760

a

1,665,832

 

Tempur Sealy International

   

45,260

 

1,654,706

 

Tri Pointe Homes

   

39,050

a

795,058

 

Whirlpool

   

7,310

 

1,610,758

 
    

20,226,413

 

Consumer Services - 1.9%

     

Chipotle Mexican Grill

   

1,600

a

2,273,312

 

Domino's Pizza

   

3,890

 

1,430,703

 

Penn National Gaming

   

10,170

a

1,066,223

 

Planet Fitness, Cl. A

   

9,320

a

720,436

 

Royal Caribbean Cruises

   

13,040

a

1,116,354

 

Service Corp. International

   

39,930

 

2,038,426

 
    

8,645,454

 

Diversified Financials - 5.3%

     

Ameriprise Financial

   

5,880

 

1,366,806

 

Credit Acceptance

   

2,310

a

832,131

 

Discover Financial Services

   

24,530

 

2,330,105

 

FactSet Research Systems

   

7,680

 

2,369,971

 

LPL Financial Holdings

   

13,515

 

1,921,292

 

MSCI

   

4,590

 

1,924,495

 

OneMain Holdings

   

24,610

 

1,322,049

 

Raymond James Financial

   

9,570

 

1,172,899

 

SEI Investments

   

34,675

a

2,112,748

 

State Street

   

19,040

 

1,599,550

 

Synchrony Financial

   

93,740

 

3,811,468

 

T. Rowe Price Group

   

20,490

 

3,516,084

 
    

24,279,598

 

Energy - 3.3%

     

Devon Energy

   

100,550

 

2,197,017

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 99.8% (continued)

     

Energy - 3.3% (continued)

     

Halliburton

   

83,540

 

1,792,768

 

Marathon Oil

   

222,590

 

2,377,261

 

Marathon Petroleum

   

27,890

 

1,491,836

 

Murphy Oil

   

121,580

 

1,995,128

 

Pioneer Natural Resources

   

9,270

 

1,472,261

 

The Williams Companies

   

157,560

 

3,732,596

 
    

15,058,867

 

Food & Staples Retailing - .4%

     

The Kroger Company

   

47,150

 

1,696,928

 

Food, Beverage & Tobacco - 1.6%

     

Conagra Brands

   

57,150

 

2,148,840

 

Kellogg

   

28,300

 

1,791,390

 

McCormick & Co.

   

12,100

a

1,078,836

 

The Hain Celestial Group

   

27,110

a

1,181,996

 

Tyson Foods, Cl. A

   

13,570

 

1,008,251

 
    

7,209,313

 

Health Care Equipment & Services - 7.6%

     

ABIOMED

   

2,170

a

691,644

 

Acadia Healthcare

   

17,400

a

994,236

 

Align Technology

   

4,800

a

2,599,344

 

Amedisys

   

4,630

a

1,225,978

 

AmerisourceBergen

   

12,190

 

1,439,273

 

Cerner

   

20,440

 

1,469,227

 

Chemed

   

2,700

 

1,241,514

 

DaVita

   

9,640

a

1,038,903

 

Hologic

   

30,350

a

2,257,433

 

IDEXX Laboratories

   

8,270

a

4,046,594

 

McKesson

   

12,290

 

2,397,042

 

Novocure

   

7,870

a

1,040,257

 

ResMed

   

13,280

 

2,576,586

 

Steris

   

24,410

 

4,649,617

 

Teladoc Health

   

8,520

a

1,548,510

 

Veeva Systems, Cl. A

   

9,270

a

2,421,695

 

West Pharmaceutical Services

   

11,790

 

3,322,186

 
    

34,960,039

 

Household & Personal Products - 1.2%

     

Nu Skin Enterprises, Cl. A

   

14,560

 

770,078

 

The Clorox Company

   

25,580

 

4,933,870

 
    

5,703,948

 

Insurance - 4.1%

     

Arch Capital Group

   

48,890

a

1,875,909

 

Brown & Brown

   

48,160

 

2,201,394

 

Everest Re Group

   

7,530

 

1,866,009

 

Fidelity National Financial

   

21,760

 

884,762

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 99.8% (continued)

     

Insurance - 4.1% (continued)

     

First American Financial

   

19,630

 

1,112,040

 

Globe Life

   

27,335

 

2,641,381

 

Markel

   

1,510

a

1,720,826

 

Primerica

   

19,260

 

2,847,013

 

The Hanover Insurance Group

   

13,680

 

1,771,013

 

Unum Group

   

65,360

 

1,818,969

 
    

18,739,316

 

Materials - 4.6%

     

Ashland Global Holdings

   

28,130

 

2,497,100

 

Corteva

   

19,240

 

896,969

 

Crown Holdings

   

33,200

 

3,221,728

 

Eagle Materials

   

9,650

a

1,297,056

 

Eastman Chemical

   

13,780

 

1,517,454

 

Freeport-McMoRan

   

38,240

 

1,259,243

 

Minerals Technologies

   

19,400

 

1,461,208

 

Nucor

   

31,250

 

2,508,437

 

RPM International

   

27,520

 

2,527,712

 

Silgan Holdings

   

46,180

 

1,940,945

 

The Mosaic Company

   

60,960

 

1,926,946

 
    

21,054,798

 

Media & Entertainment - 5.8%

     

Discovery, Cl. A

   

28,360

a

1,232,526

 

DISH Network, Cl. A

   

37,180

a

1,345,916

 

Fox, Cl. A

   

64,080

 

2,313,929

 

Match Group

   

6,625

a

910,143

 

News Corporation, Cl. A

   

64,830

 

1,648,627

 

Omnicom Group

   

27,630

 

2,048,764

 

Pinterest, Cl. A

   

31,690

a

2,346,011

 

Roku

   

4,810

a

1,566,954

 

Sirius XM Holdings

   

281,540

 

1,714,579

 

Spotify Technology

   

7,680

a

2,057,856

 

Take-Two Interactive Software

   

18,090

a

3,196,503

 

The Interpublic Group of Companies

   

97,430

 

2,844,956

 

The New York Times Company, Cl. A

   

31,950

 

1,617,309

 

Zillow Group, Cl. C

   

15,790

a

2,047,016

 
    

26,891,089

 

Pharmaceuticals Biotechnology & Life Sciences - 6.1%

     

Agilent Technologies

   

33,800

 

4,297,332

 

Alexion Pharmaceuticals

   

9,660

a

1,477,111

 

Avantor

   

41,120

a

1,189,602

 

Bio-Rad Laboratories, Cl. A

   

3,420

a

1,953,401

 

Catalent

   

15,030

a

1,582,809

 

Charles River Laboratories International

   

4,030

a

1,168,015

 

IQVIA Holdings

   

12,700

a

2,452,878

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 99.8% (continued)

     

Pharmaceuticals Biotechnology & Life Sciences - 6.1% (continued)

     

Jazz Pharmaceuticals

   

8,160

a

1,341,259

 

Mettler-Toledo International

   

3,045

a

3,519,077

 

Moderna

   

22,880

a

2,996,136

 

PerkinElmer

   

16,040

 

2,057,772

 

PRA Health Sciences

   

7,760

a

1,189,841

 

Repligen

   

4,640

a

902,062

 

Royalty Pharma, CI. A

   

15,790

 

688,760

 

Seagen

   

9,220

a

1,280,289

 
    

28,096,344

 

Real Estate - 7.6%

     

Boston Properties

   

17,360

b

1,757,874

 

Brandywine Realty Trust

   

281,520

b

3,634,423

 

Corporate Office Properties Trust

   

53,140

b

1,399,176

 

CubeSmart

   

34,570

b

1,307,783

 

Equity Lifestyle Properties

   

29,530

b

1,879,289

 

Extra Space Storage

   

18,250

b

2,419,037

 

First Industrial Realty Trust

   

112,690

b

5,160,075

 

Gaming & Leisure Properties

   

28,183

b

1,195,805

 

Healthcare Realty Trust

   

46,480

b

1,409,274

 

Lamar Advertising, Cl. A

   

32,230

b

3,027,042

 

Mid-America Apartment Communities

   

41,820

b

6,037,135

 

Omega Healthcare Investors

   

27,010

b

989,376

 

PS Business Parks

   

8,030

b

1,241,277

 

Simon Property Group

   

13,770

b

1,566,613

 

Weyerhaeuser

   

51,980

b

1,850,488

 
    

34,874,667

 

Retailing - 4.6%

     

AutoZone

   

2,630

a

3,693,309

 

Best Buy

   

9,355

 

1,074,048

 

Dick's Sporting Goods

   

14,150

 

1,077,523

 

Dollar Tree

   

13,870

a

1,587,560

 

Etsy

   

10,180

a

2,053,001

 

Foot Locker

   

20,950

 

1,178,437

 

Kohl's

   

26,620

 

1,586,818

 

LKQ

   

38,720

a

1,639,018

 

O'Reilly Automotive

   

3,910

a

1,983,347

 

Tractor Supply

   

9,860

 

1,746,009

 

Wayfair, Cl. A

   

4,980

a

1,567,455

 

Williams-Sonoma

   

11,210

 

2,008,832

 
    

21,195,357

 

Semiconductors & Semiconductor Equipment - 4.6%

     

Enphase Energy

   

8,660

a

1,404,306

 

First Solar

   

10,890

a

950,697

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 99.8% (continued)

     

Semiconductors & Semiconductor Equipment - 4.6% (continued)

     

KLA

   

12,110

 

4,001,144

 

Marvell Technology Group

   

40,430

 

1,980,261

 

Microchip Technology

   

16,990

 

2,637,188

 

Monolithic Power Systems

   

5,720

 

2,020,361

 

Qorvo

   

14,330

a

2,618,091

 

Skyworks Solutions

   

12,890

 

2,365,057

 

Teradyne

   

17,330

 

2,108,714

 

Xilinx

   

8,500

 

1,053,150

 
    

21,138,969

 

Software & Services - 10.6%

     

Cadence Design Systems

   

45,430

a

6,223,456

 

Citrix Systems

   

18,060

 

2,534,902

 

Crowdstrike Holdings, CI. A

   

8,170

a

1,491,107

 

Datadog, Cl. A

   

8,970

a

747,560

 

DocuSign

   

12,900

a

2,611,605

 

EPAM Systems

   

3,130

a

1,241,640

 

Fair Isaac

   

4,740

a

2,303,877

 

FLEETCOR Technologies

   

11,690

a

3,140,285

 

Fortinet

   

4,070

a

750,589

 

Gartner

   

13,040

a

2,380,452

 

HubSpot

   

2,970

a

1,349,004

 

Jack Henry & Associates

   

10,290

 

1,561,199

 

Manhattan Associates

   

5,430

a

637,373

 

Medallia

   

15,810

a

440,941

 

NortonLifeLock

   

43,370

 

922,046

 

Nuance Communications

   

22,910

a

999,792

 

Okta

   

3,440

a

758,279

 

Palo Alto Networks

   

5,760

a

1,855,066

 

Paycom Software

   

2,670

a

988,060

 

Paylocity Holding

   

6,360

a

1,143,719

 

PTC

   

17,500

a

2,408,875

 

Splunk

   

9,920

a

1,343,962

 

The Trade Desk, Cl. A

   

3,950

a

2,574,057

 

The Western Union Company

   

31,760

 

783,202

 

Twilio, Cl. A

   

7,630

a

2,599,999

 

Verisign

   

13,930

a

2,768,727

 

WEX

   

9,270

a

1,939,469

 
    

48,499,243

 

Technology Hardware & Equipment - 4.1%

     

Amphenol, Cl. A

   

24,120

 

1,591,196

 

Arista Networks

   

3,090

a

932,840

 

Avnet

   

42,430

 

1,761,269

 

CDW

   

12,265

 

2,032,924

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 99.8% (continued)

     

Technology Hardware & Equipment - 4.1% (continued)

     

Ciena

   

26,280

a

1,438,042

 

Corning

   

87,600

 

3,811,476

 

HP

   

43,000

 

1,365,250

 

Keysight Technologies

   

15,210

a

2,181,114

 

Lumentum Holdings

   

7,710

a

704,309

 

Motorola Solutions

   

6,210

 

1,167,791

 

Zebra Technologies, Cl. A

   

3,435

a

1,666,593

 
    

18,652,804

 

Telecommunication Services - .2%

     

U.S. Cellular

   

25,290

a

922,579

 

Transportation - 3.0%

     

Delta Air Lines

   

54,680

a

2,639,950

 

Expeditors International of Washington

   

15,030

a

1,618,581

 

Old Dominion Freight Line

   

26,715

 

6,422,553

 

United Airlines Holdings

   

51,860

a

2,984,024

 
    

13,665,108

 

Utilities - 5.0%

     

Black Hills

   

25,270

 

1,687,278

 

CMS Energy

   

56,140

 

3,436,891

 

DTE Energy

   

36,540

 

4,864,936

 

IDACORP

   

17,870

 

1,786,464

 

MDU Resources Group

   

69,090

 

2,183,935

 

NRG Energy

   

38,580

 

1,455,623

 

OGE Energy

   

7,340

 

237,522

 

ONE Gas

   

18,070

 

1,389,764

 

PPL

   

32,700

 

943,068

 

Public Service Enterprise Group

   

74,000

 

4,455,540

 

WEC Energy Group

   

8,040

 

752,464

 
    

23,193,485

 

Total Common Stocks (cost $357,730,697)

   

458,397,804

 
  

1-Day
Yield (%)

     

Investment Companies - .2%

     

Registered Investment Companies - .2%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares
(cost $1,049,625)

 

0.06

 

1,049,625

c

1,049,625

 

Total Investments (cost $358,780,322)

 

100.0%

 

459,447,429

 

Liabilities, Less Cash and Receivables

 

(.0%)

 

(10,361)

 

Net Assets

 

100.0%

 

459,437,068

 

a Non-income producing security.

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


STATEMENT OF INVESTMENTS (Unaudited) (continued)

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
BNY Mellon Active Midcap Fund

March 31, 2021 (Unaudited)

The following is a summary of the inputs used as of March 31, 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

458,397,804

-

-

458,397,804

Investment Companies

1,049,625

-

-

1,049,625

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.

At March 31, 2021, accumulated net unrealized appreciation on investments was $100,667,107, consisting of $107,392,415 gross unrealized appreciation and $6,725,308 gross unrealized depreciation.

At March 31, 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.