NPORT-EX 2 c10850bnymell-september20211.htm Untitled Document

STATEMENT OF INVESTMENTS
BNY Mellon Active Midcap Fund

September 30, 2021 (Unaudited)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 99.6%

     

Automobiles & Components - .8%

     

Aptiv

   

13,490

a 

2,009,605

 

Harley-Davidson

   

19,220

 

703,644

 

The Goodyear Tire & Rubber Company

   

67,745

a 

1,199,087

 
    

3,912,336

 

Banks - 1.4%

     

MGIC Investment

   

58,220

 

870,971

 

New York Community Bancorp

   

107,380

 

1,381,981

 

Regions Financial

   

211,220

 

4,501,098

 
    

6,754,050

 

Capital Goods - 8.9%

     

A.O. Smith

   

15,310

 

934,982

 

Acuity Brands

   

8,010

 

1,388,694

 

AGCO

   

19,100

 

2,340,323

 

Dover

   

11,240

 

1,747,820

 

EMCOR Group

   

12,410

 

1,431,866

 

Fastenal

   

21,275

 

1,098,003

 

Fortive

   

11,990

 

846,134

 

Fortune Brands Home & Security

   

25,990

 

2,324,026

 

Generac Holdings

   

6,060

a 

2,476,540

 

Howmet Aerospace

   

31,060

 

969,072

 

Huntington Ingalls Industries

   

6,430

 

1,241,376

 

Lennox International

   

5,790

 

1,703,244

 

Masco

   

37,520

 

2,084,236

 

Parker-Hannifin

   

21,360

 

5,972,683

 

Pentair

   

25,100

 

1,823,013

 

Stanley Black & Decker

   

18,840

 

3,302,840

 

Terex

   

33,835

 

1,424,454

 

Textron

   

34,995

 

2,443,001

 

The Middleby

   

5,155

a 

878,979

 

The Toro Company

   

9,235

 

899,581

 

Trane Technologies

   

14,400

 

2,486,160

 

United Rentals

   

3,990

a 

1,400,211

 

W.W. Grainger

   

2,500

 

982,650

 
    

42,199,888

 

Commercial & Professional Services - 1.2%

     

Booz Allen Hamilton Holding

   

17,460

 

1,385,451

 

Clean Harbors

   

19,735

a 

2,049,874

 

Jacobs Engineering Group

   

6,840

 

906,505

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 99.6% (continued)

     

Commercial & Professional Services - 1.2% (continued)

     

ManpowerGroup

   

11,240

 

1,217,067

 
    

5,558,897

 

Consumer Durables & Apparel - 3.8%

     

Brunswick

   

14,060

 

1,339,496

 

Deckers Outdoor

   

5,260

a 

1,894,652

 

Hanesbrands

   

53,080

 

910,853

 

Mattel

   

65,965

a 

1,224,310

 

Mohawk Industries

   

6,970

a 

1,236,478

 

Peloton Interactive, Cl. A

   

13,910

a 

1,210,866

 

Polaris

   

7,410

 

886,681

 

PulteGroup

   

44,650

 

2,050,328

 

Tapestry

   

55,600

 

2,058,312

 

Tempur Sealy International

   

22,230

 

1,031,694

 

Under Armour, Cl. A

   

87,245

a 

1,760,604

 

Whirlpool

   

7,140

 

1,455,560

 

YETI Holdings

   

10,760

a 

922,024

 
    

17,981,858

 

Consumer Services - 2.6%

     

Chipotle Mexican Grill

   

1,570

a 

2,853,506

 

Expedia Group

   

11,620

a 

1,904,518

 

Norwegian Cruise Line Holdings

   

28,060

a 

749,483

 

Planet Fitness, Cl. A

   

9,100

a 

714,805

 

Royal Caribbean Cruises

   

12,750

a 

1,134,113

 

Service Corp. International

   

39,110

 

2,356,769

 

Wyndham Hotels & Resorts

   

33,270

 

2,568,111

 
    

12,281,305

 

Diversified Financials - 4.6%

     

Affiliated Managers Group

   

9,355

 

1,413,447

 

Ally Financial

   

16,310

 

832,626

 

Credit Acceptance

   

2,260

a 

1,322,778

 

Discover Financial Services

   

24,030

 

2,952,085

 

Evercore, Cl. A

   

9,400

 

1,256,498

 

LPL Financial Holdings

   

13,215

 

2,071,583

 

MSCI

   

4,510

 

2,743,613

 

OneMain Holdings

   

24,100

 

1,333,453

 

Stifel Financial

   

32,835

 

2,231,467

 

Synchrony Financial

   

38,490

 

1,881,391

 

T. Rowe Price Group

   

20,070

 

3,947,769

 
    

21,986,710

 

Energy - 3.7%

     

APA

   

42,770

 

916,561

 

ChampionX

   

35,380

a 

791,097

 

Continental Resources

   

43,580

 

2,011,217

 

Hess

   

50,055

 

3,909,796

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 99.6% (continued)

     

Energy - 3.7% (continued)

     

Marathon Oil

   

328,390

 

4,489,091

 

Murphy Oil

   

79,615

 

1,987,987

 

Occidental Petroleum

   

75,430

 

2,231,219

 

ONEOK

   

25,785

 

1,495,272

 
    

17,832,240

 

Food & Staples Retailing - .5%

     

The Kroger Company

   

54,920

 

 2,220,416

 

Food, Beverage & Tobacco - 2.7%

     

Darling Ingredients

   

21,935

a 

1,577,127

 

Kellogg

   

27,700

 

1,770,584

 

Pilgrim's Pride

   

76,485

a 

2,224,184

 

The Hain Celestial Group

   

26,530

a 

1,134,953

 

The Hershey Company

   

10,690

 

1,809,282

 

The J.M. Smucker Company

   

28,570

 

3,429,257

 

Tyson Foods, Cl. A

   

13,270

 

1,047,534

 
    

12,992,921

 

Health Care Equipment & Services - 6.8%

     

Acadia Healthcare

   

17,000

a 

1,084,260

 

Amedisys

   

7,780

a 

1,159,998

 

AmerisourceBergen

   

9,610

 

1,147,915

 

Cerner

   

37,580

 

2,650,142

 

Chemed

   

5,490

 

2,553,509

 

DaVita

   

9,410

a 

1,094,007

 

Dentsply Sirona

   

45,440

 

2,637,792

 

Hologic

   

26,430

a 

1,950,798

 

ICU Medical

   

7,835

a 

1,828,532

 

IDEXX Laboratories

   

8,090

a 

5,031,171

 

Integra LifeSciences Holdings

   

22,680

a 

1,553,126

 

McKesson

   

12,020

 

2,396,548

 

Teladoc Health

   

8,320

a 

1,055,059

 

Veeva Systems, Cl. A

   

9,050

a 

2,607,938

 

West Pharmaceutical Services

   

1,580

 

670,773

 

Zimmer Biomet Holdings

   

22,105

 

3,235,288

 
    

32,656,856

 

Household & Personal Products - .4%

     

The Clorox Company

   

12,230

 

 2,025,410

 

Insurance - 5.3%

     

Alleghany

   

2,485

a 

1,551,659

 

American Financial Group

   

13,195

 

1,660,327

 

Arch Capital Group

   

56,640

a 

2,162,515

 

Cincinnati Financial

   

15,360

 

1,754,419

 

Everest Re Group

   

11,475

 

2,877,700

 

Fidelity National Financial

   

21,310

 

966,195

 

First American Financial

   

19,210

 

1,288,031

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 99.6% (continued)

     

Insurance - 5.3% (continued)

     

Globe Life

   

26,735

 

2,380,217

 

Primerica

   

18,840

 

2,894,389

 

Reinsurance Group of America

   

20,975

 

2,333,678

 

The Hanover Insurance Group

   

13,370

 

1,733,019

 

The Hartford Financial Services Group

   

31,015

 

2,178,804

 

Unum Group

   

63,930

 

1,602,086

 
    

25,383,039

 

Materials - 4.6%

     

Avery Dennison

   

7,555

 

1,565,472

 

CF Industries Holdings

   

50,230

 

2,803,839

 

Corteva

   

18,830

 

792,366

 

Crown Holdings

   

23,020

 

2,319,956

 

Eagle Materials

   

11,980

 

1,571,297

 

Ingevity

   

22,730

a 

1,622,240

 

Minerals Technologies

   

18,990

 

1,326,262

 

Nucor

   

30,580

 

3,011,824

 

RPM International

   

13,765

 

1,068,852

 

The Mosaic Company

   

43,450

 

1,552,034

 

Westlake Chemical

   

21,950

 

2,000,523

 

WestRock

   

50,740

 

2,528,374

 
    

22,163,039

 

Media & Entertainment - 5.8%

     

Discovery, Cl. A

   

27,760

a 

704,549

 

DISH Network, Cl. A

   

15,695

a 

682,105

 

Fox, Cl. A

   

62,680

 

2,514,095

 

Match Group

   

6,485

a 

1,018,080

 

News Corporation, Cl. A

   

80,585

 

1,896,165

 

Omnicom Group

   

27,030

 

1,958,594

 

Pinterest, Cl. A

   

35,440

a 

1,805,668

 

Playtika Holding

   

53,415

a 

1,475,856

 

Roku

   

8,095

a 

2,536,568

 

Sirius XM Holdings

   

275,210

 

1,678,781

 

Spotify Technology

   

7,500

a 

1,690,050

 

Take-Two Interactive Software

   

14,145

a 

2,179,320

 

The Interpublic Group of Companies

   

95,310

 

3,495,018

 

The New York Times Company, Cl. A

   

38,480

 

1,895,910

 

Yelp

   

29,145

a 

1,085,360

 

Zillow Group, Cl. C

   

11,290

a 

995,101

 
    

27,611,220

 

Pharmaceuticals Biotechnology & Life Sciences - 6.4%

     

Agilent Technologies

   

33,100

 

5,214,243

 

Avantor

   

40,280

a 

1,647,452

 

Bio-Rad Laboratories, Cl. A

   

3,370

a 

2,513,851

 

Bruker

   

10,785

 

842,309

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 99.6% (continued)

     

Pharmaceuticals Biotechnology & Life Sciences - 6.4% (continued)

     

Charles River Laboratories International

   

3,950

a 

1,630,046

 

Incyte

   

23,220

a 

1,597,072

 

IQVIA Holdings

   

12,410

a 

2,972,691

 

Mettler-Toledo International

   

2,775

a 

3,822,174

 

Novavax

   

3,560

a 

738,024

 

PerkinElmer

   

15,680

 

2,717,187

 

Repligen

   

4,560

a 

1,317,794

 

Royalty Pharma, CI. A

   

73,270

 

2,647,978

 

Sage Therapeutics

   

25,400

a 

1,125,474

 

Seagen

   

9,000

a 

1,528,200

 
    

30,314,495

 

Real Estate - 8.6%

     

AvalonBay Communities

   

11,245

b 

2,492,342

 

Boston Properties

   

9,445

b 

1,023,366

 

CubeSmart

   

33,860

b 

1,640,517

 

Extra Space Storage

   

17,860

b 

3,000,301

 

First Industrial Realty Trust

   

110,260

b 

5,742,341

 

Gaming & Leisure Properties

   

27,583

b 

1,277,645

 

Kimco Realty

   

102,135

b 

2,119,301

 

Mid-America Apartment Communities

   

36,575

b 

6,830,381

 

National Retail Properties

   

61,670

b 

2,663,527

 

PS Business Parks

   

13,385

b 

2,097,965

 

Regency Centers

   

23,805

b 

1,602,791

 

SBA Communications

   

6,470

b 

2,138,788

 

Simon Property Group

   

22,890

b 

2,975,013

 

SL Green Realty

   

6,710

b 

475,336

 

Urban Edge Properties

   

53,630

b 

981,965

 

Vornado Realty Trust

   

53,640

b 

2,253,416

 

Weyerhaeuser

   

50,860

b 

1,809,090

 
    

41,124,085

 

Retailing - 4.9%

     

Advance Auto Parts

   

3,610

 

754,093

 

AutoZone

   

2,590

a 

4,397,794

 

Best Buy

   

9,135

 

965,661

 

Dick's Sporting Goods

   

11,655

 

1,395,919

 

Dollar Tree

   

13,560

a 

1,297,963

 

Etsy

   

5,235

a 

1,088,671

 

Floor & Decor Holdings, Cl. A

   

8,110

a 

979,607

 

Foot Locker

   

20,520

 

936,943

 

Kohl's

   

32,565

 

1,533,486

 

LKQ

   

37,920

a 

1,908,134

 

O'Reilly Automotive

   

3,840

a 

2,346,470

 

Ulta Beauty

   

7,285

a 

2,629,302

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 99.6% (continued)

     

Retailing - 4.9% (continued)

     

Wayfair, Cl. A

   

4,890

a 

1,249,444

 

Williams-Sonoma

   

10,950

 

1,941,763

 
    

23,425,250

 

Semiconductors & Semiconductor Equipment - 3.1%

     

Enphase Energy

   

7,860

a 

1,178,764

 

Entegris

   

5,680

 

715,112

 

Microchip Technology

   

16,620

 

2,551,004

 

ON Semiconductor

   

66,030

a 

3,022,193

 

Qorvo

   

12,820

a 

2,143,376

 

Skyworks Solutions

   

12,610

 

2,077,876

 

Teradyne

   

16,940

 

1,849,340

 

Xilinx

   

8,240

 

1,244,158

 
    

14,781,823

 

Software & Services - 12.2%

     

ACI Worldwide

   

66,450

a 

2,042,008

 

Alliance Data Systems

   

12,365

 

1,247,505

 

Aspen Technology

   

9,030

a 

1,108,884

 

Cadence Design Systems

   

12,035

a 

1,822,580

 

Concentrix

   

7,115

 

1,259,355

 

CrowdStrike Holdings, CI. A

   

10,900

a 

2,679,002

 

Datadog, Cl. A

   

8,750

a 

1,236,813

 

DocuSign

   

16,440

a 

4,232,149

 

Dolby Laboratories, Cl. A

   

19,305

 

1,698,840

 

EPAM Systems

   

2,510

a 

1,431,905

 

Fair Isaac

   

4,660

a 

1,854,354

 

FLEETCOR Technologies

   

11,430

a 

2,986,316

 

Gartner

   

12,750

a 

3,874,470

 

HubSpot

   

2,930

a 

1,980,944

 

Jack Henry & Associates

   

10,060

 

1,650,444

 

Manhattan Associates

   

5,330

a 

815,650

 

Medallia

   

15,450

a 

523,292

 

NortonLifeLock

   

42,460

 

1,074,238

 

Nuance Communications

   

22,220

a 

1,222,989

 

Okta

   

3,370

a 

799,836

 

Palantir Technologies, Cl. A

   

44,375

a 

1,066,775

 

Palo Alto Networks

   

5,660

a 

2,711,140

 

Paychex

   

9,030

 

1,015,424

 

Paycom Software

   

2,630

a 

1,303,823

 

PTC

   

18,860

a 

2,259,239

 

Qualys

   

12,205

a 

1,358,294

 

Splunk

   

9,690

a 

1,402,240

 

Synopsys

   

14,555

a 

4,357,913

 

Teradata

   

31,010

a 

1,778,423

 

The Trade Desk, Cl. A

   

38,710

a 

2,721,313

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 99.6% (continued)

     

Software & Services - 12.2% (continued)

     

The Western Union Company

   

31,100

 

628,842

 

Verisign

   

10,300

a 

2,111,603

 
    

58,256,603

 

Technology Hardware & Equipment - 4.4%

     

Amphenol, Cl. A

   

71,690

 

5,249,859

 

Arista Networks

   

5,895

a 

2,025,758

 

Avnet

   

41,540

 

1,535,734

 

CDW

   

12,005

 

2,185,150

 

Ciena

   

18,710

a 

960,759

 

Corning

   

97,505

 

3,557,957

 

Keysight Technologies

   

14,870

a 

2,442,992

 

Motorola Solutions

   

6,090

 

1,414,829

 

Zebra Technologies, Cl. A

   

3,385

a 

1,744,697

 
    

21,117,735

 

Transportation - 2.4%

     

Delta Air Lines

   

53,490

a 

2,279,209

 

Kirby

   

26,750

a 

1,282,930

 

Old Dominion Freight Line

   

18,710

 

5,350,686

 

United Airlines Holdings

   

50,770

a 

2,415,129

 
    

11,327,954

 

Utilities - 4.5%

     

ALLETE

   

34,045

 

2,026,358

 

Black Hills

   

24,740

 

1,552,682

 

DTE Energy

   

43,510

 

4,860,502

 

FirstEnergy

   

23,380

 

832,796

 

Hawaiian Electric Industries

   

37,855

 

1,545,620

 

IDACORP

   

34,000

 

3,514,920

 

MDU Resources Group

   

53,315

 

1,581,856

 

PPL

   

69,950

 

1,950,206

 

Public Service Enterprise Group

   

56,255

 

3,425,929

 
    

21,290,869

 

Total Common Stocks (cost $388,813,626)

   

475,198,999

 
  

1-Day
Yield (%)

     

Investment Companies - .4%

     

Registered Investment Companies - .4%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares
(cost $1,806,821)

 

0.06

 

1,806,821

c 

 1,806,821

 

Total Investments (cost $390,620,447)

 

100.0%

 

477,005,820

 

Liabilities, Less Cash and Receivables

 

(.0%)

 

(29,069)

 

Net Assets

 

100.0%

 

476,976,751

 

a Non-income producing security.


STATEMENT OF INVESTMENTS (Unaudited) (continued)

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
BNY Mellon Active Midcap Fund

September 30, 2021 (Unaudited)

The following is a summary of the inputs used as of September 30, 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

475,198,999

-

-

475,198,999

Investment Companies

1,806,821

-

-

1,806,821

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 September 30, 2021, accumulated net unrealized appreciation on investments was $86,385,373, consisting of $99,265,582 gross unrealized appreciation and $12,880,209 gross unrealized depreciation.

At September 30, 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.