NPORT-EX 2 c10236bnymellong-august20211.htm Untitled Document

STATEMENT OF INVESTMENTS
BNY Mellon Global Stock Fund

August 31, 2021 (Unaudited)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.5%

     

Australia - 2.1%

     

CSL

   

141,100

 

 32,198,979

 

Canada - 3.3%

     

Alimentation Couche-Tard, Cl. B

   

829,500

 

33,517,941

 

Canadian National Railway

   

156,400

 

18,396,354

 
    

51,914,295

 

Denmark - 2.8%

     

Novo Nordisk, Cl. B

   

436,800

 

 43,532,971

 

Finland - 1.4%

     

Kone, Cl. B

   

273,000

 

 22,641,495

 

France - 4.6%

     

L'Oreal

   

76,500

 

35,796,739

 

LVMH

   

49,200

 

36,412,630

 
    

72,209,369

 

Hong Kong - 4.2%

     

AIA Group

   

3,262,800

 

38,994,434

 

CLP Holdings

   

1,301,000

 

13,005,902

 

Jardine Matheson Holdings

   

264,500

 

14,367,640

 
    

66,367,976

 

Ireland - 2.0%

     

Experian

   

714,500

 

 31,473,864

 

Japan - 8.4%

     

FANUC

   

119,200

 

25,992,892

 

Keyence

   

95,328

 

57,301,646

 

Shin-Etsu Chemical

   

177,700

 

29,405,340

 

SMC

   

29,600

 

18,971,013

 
    

131,670,891

 

Spain - 1.9%

     

Industria de Diseno Textil

   

865,000

 

 29,527,193

 

Switzerland - 6.8%

     

Nestle

   

215,100

 

27,186,103

 

Novartis

   

165,800

 

15,351,550

 

Roche Holding

   

96,100

 

38,592,165

 

SGS

   

7,900

 

24,827,955

 
    

105,957,773

 

Taiwan - 2.9%

     

Taiwan Semiconductor Manufacturing, ADR

   

376,300

 

 44,783,463

 

United Kingdom - 5.5%

     

Compass Group

   

1,470,900

 

30,344,114

 

Linde

   

110,400

 

34,730,736

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.5% (continued)

     

United Kingdom - 5.5% (continued)

     

Reckitt Benckiser Group

   

267,400

 

20,363,297

 
    

85,438,147

 

United States - 52.6%

     

Adobe

   

71,600

a 

47,520,920

 

Alphabet, Cl. C

   

15,897

a 

46,248,188

 

Amphenol, Cl. A

   

497,600

 

38,131,088

 

Automatic Data Processing

   

168,300

 

35,181,432

 

Booking Holdings

   

11,510

a 

26,469,202

 

Cisco Systems

   

576,000

 

33,995,520

 

Cognizant Technology Solutions, Cl. A

   

396,100

 

30,226,391

 

Colgate-Palmolive

   

241,700

 

18,840,515

 

Edwards Lifesciences

   

350,400

a 

41,059,872

 

Fastenal

   

544,600

 

30,415,910

 

Fortinet

   

89,400

a 

28,173,516

 

Illumina

   

50,500

a 

23,086,580

 

Intuitive Surgical

   

38,600

a 

40,667,416

 

IPG Photonics

   

78,700

a 

13,432,516

 

Johnson & Johnson

   

121,100

 

20,966,043

 

Mastercard, Cl. A

   

99,100

 

34,311,393

 

Microsoft

   

198,600

 

59,953,368

 

NIKE, Cl. B

   

231,000

 

38,054,940

 

Oracle

   

362,700

 

32,327,451

 

Paychex

   

148,100

 

16,953,007

 

Stryker

   

113,000

 

31,312,300

 

Texas Instruments

   

176,100

 

33,619,251

 

The TJX Companies

   

476,200

 

34,629,264

 

The Walt Disney Company

   

171,600

a 

31,111,080

 

Waters

   

83,400

a 

34,529,268

 
    

821,216,431

 

Total Common Stocks (cost $573,749,017)

   

1,538,932,847

 
  

1-Day
Yield (%)

     

Investment Companies - 1.3%

     

Registered Investment Companies - 1.3%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares
(cost $20,386,310)

 

0.06

 

20,386,310

b 

 20,386,310

 

Total Investments (cost $594,135,327)

 

99.8%

 

1,559,319,157

 

Cash and Receivables (Net)

 

.2%

 

2,503,733

 

Net Assets

 

100.0%

 

1,561,822,890

 

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

August 31, 2021 (Unaudited)

The following is a summary of the inputs used as of August 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

1,538,932,847

  

-

1,538,932,847

Investment Companies

20,386,310

-

 

-

20,386,310

      

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:

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 August 31, 2021, accumulated net unrealized appreciation on investments was $965,183,830, consisting of $965,244,235 gross unrealized appreciation and $60,405 gross unrealized depreciation.

At August 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.