NPORT-EX 2 c10220bnymello-february20231.htm Untitled Document

STATEMENT OF INVESTMENTS
BNY Mellon Select Managers Small Cap Value Fund

February 28, 2023 (Unaudited)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 96.5%

     

Automobiles & Components - 1.1%

     

Fox Factory Holding Corp.

   

2,920

a 

343,100

 

Harley-Davidson, Inc.

   

28,491

 

1,354,747

 

LCI Industries

   

10,700

b 

1,207,067

 

Visteon Corp.

   

2,995

a 

500,285

 
    

3,405,199

 

Banks - 11.6%

     

1st Source Corp.

   

15,400

 

767,228

 

Atlantic Union Bankshares Corp.

   

32,900

 

1,232,434

 

Banc of California, Inc.

   

11,330

 

198,842

 

BankUnited, Inc.

   

25,100

 

889,042

 

Banner Corp.

   

25,780

 

1,623,624

 

Brookline Bancorp, Inc.

   

47,565

 

616,442

 

Columbia Banking System, Inc.

   

30,645

b 

911,076

 

Columbia Financial, Inc.

   

4,900

a 

103,390

 

Enact Holdings, Inc.

   

4,000

 

97,000

 

Enterprise Financial Services Corp.

   

4,300

 

234,178

 

Essent Group Ltd.

   

11,300

 

485,335

 

Federal Agricultural Mortgage Corp., Cl. C

   

3,150

 

446,859

 

First Busey Corp.

   

4,600

 

111,044

 

Glacier Bancorp, Inc.

   

28,279

 

1,339,859

 

Hancock Whitney Corp.

   

5,277

 

259,206

 

Heartland Financial USA, Inc.

   

25,760

 

1,273,574

 

Hilltop Holdings, Inc.

   

38,500

 

1,277,045

 

Hope Bancorp, Inc.

   

28,200

 

361,242

 

Huntington Bancshares, Inc.

   

60,156

 

921,590

 

Independent Bank Corp.

   

50,371

 

4,013,561

 

International Bancshares Corp.

   

18,800

 

912,364

 

Merchants Bancorp

   

20,900

 

632,225

 

NBT Bancorp, Inc.

   

13,470

 

546,747

 

NMI Holdings, Inc., Cl. A

   

41,890

a 

977,713

 

OceanFirst Financial Corp.

   

6,300

 

149,436

 

Old National Bancorp

   

69,967

 

1,236,317

 

Pacific Premier Bancorp, Inc.

   

24,978

 

809,787

 

Park National Corp.

   

2,500

 

319,425

 

Pennymac Financial Services, Inc.

   

9,400

b 

568,418

 

Preferred Bank

   

2,400

 

168,960

 

Premier Financial Corp.

   

5,800

 

143,956

 

Provident Financial Services, Inc.

   

30,900

b 

721,515

 

Republic Bancorp, Inc., Cl. A

   

4,200

 

186,900

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 96.5% (continued)

     

Banks - 11.6% (continued)

     

Sandy Spring Bancorp, Inc.

   

26,200

 

863,290

 

Seacoast Banking Corp. of Florida

   

60,243

 

1,838,014

 

SouthState Corp.

   

22,211

 

1,791,983

 

Texas Capital Bancshares, Inc.

   

49,529

a 

3,280,305

 

The Bank of NT Butterfield & Son Ltd.

   

39,900

 

1,442,385

 

Towne Bank

   

42,000

 

1,273,860

 

Walker & Dunlop, Inc.

   

4,540

 

396,024

 

Wintrust Financial Corp.

   

9,570

 

881,684

 
    

36,303,879

 

Capital Goods - 12.6%

     

AAON, Inc.

   

4,225

a 

384,306

 

AerCap Holdings NV

   

18,282

a 

1,141,528

 

Albany International Corp., Cl. A

   

6,300

 

635,796

 

Arcosa, Inc.

   

4,510

 

273,306

 

Astec Industries, Inc.

   

23,741

 

1,069,057

 

Atkore, Inc.

   

2,370

a 

346,067

 

Babcock & Wilcox Enterprises, Inc.

   

104,321

a,b 

677,043

 

Bloom Energy Corp., Cl. A

   

21,043

a 

456,423

 

BlueLinx Holdings, Inc.

   

14,300

a 

1,206,777

 

Boise Cascade Co.

   

4,800

 

331,728

 

BWX Technologies, Inc.

   

19,585

 

1,196,839

 

Chart Industries, Inc.

   

3,535

a,b 

471,923

 

Comfort Systems USA, Inc.

   

5,145

 

748,289

 

Douglas Dynamics, Inc.

   

31,021

 

1,156,773

 

Enerpac Tool Group Corp.

   

69,655

a 

1,875,809

 

Franklin Electric Co., Inc.

   

4,530

 

432,932

 

Global Industrial Co.

   

9,600

 

270,048

 

GrafTech International Ltd.

   

168,900

 

954,285

 

Granite Construction, Inc.

   

44,854

b 

1,937,693

 

Griffon Corp.

   

10,675

 

389,317

 

H&E Equipment Services, Inc.

   

10,370

 

575,535

 

Herc Holdings, Inc.

   

10,904

 

1,565,705

 

Hexcel Corp.

   

34,309

 

2,502,842

 

Hillenbrand, Inc.

   

49,827

 

2,348,845

 

Markforged Holding Corp.

   

44,967

a 

59,806

 

McGrath RentCorp

   

6,300

 

647,892

 

Mercury Systems, Inc.

   

6,171

a 

322,990

 

Mueller Industries, Inc.

   

18,800

 

1,390,636

 

Park Aerospace Corp.

   

116,301

b 

1,909,662

 

Parsons Corp.

   

39,987

a 

1,800,615

 

Powell Industries, Inc.

   

66,399

 

2,944,796

 

RBC Bearings, Inc.

   

1,920

a,b 

441,235

 

Resideo Technologies, Inc.

   

59,399

a 

1,089,378

 

Rush Enterprises Inc., Cl. A

   

23,800

 

1,348,984

 

        
 

Description

   

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Value ($)

 

Common Stocks - 96.5% (continued)

     

Capital Goods - 12.6% (continued)

     

SPX Technologies, Inc.

   

29,060

a 

2,046,986

 

Terex Corp.

   

9,525

 

563,975

 

The AZEK Company, Inc.

   

9,295

a 

223,917

 

Twin Disc, Inc.

   

9,446

a 

103,528

 

Valmont Industries, Inc.

   

2,129

 

675,596

 

WillScot Mobile Mini Holdings Corp.

   

17,435

a 

896,159

 
    

39,415,021

 

Commercial & Professional Services - 4.2%

     

ASGN, Inc.

   

3,485

a 

309,468

 

Brady Corp., Cl. A

   

11,554

 

637,319

 

CACI International, Inc., Cl. A

   

2,610

a 

764,730

 

Clean Harbors, Inc.

   

10,558

a 

1,394,395

 

CoreCivic, Inc.

   

86,003

a 

835,089

 

Harsco Corp.

   

46,408

a 

392,612

 

Healthcare Services Group, Inc.

   

68,622

 

910,614

 

ICF International, Inc.

   

5,620

 

559,134

 

KAR Auction Services, Inc.

   

45,288

a 

647,166

 

KBR, Inc.

   

30,890

 

1,702,348

 

MSA Safety, Inc.

   

15,421

 

2,071,811

 

Stericycle, Inc.

   

14,590

a 

695,651

 

The Brink's Company

   

33,382

 

2,178,175

 

The GEO Group, Inc.

   

21,700

a 

190,092

 
    

13,288,604

 

Consumer Durables & Apparel - 3.3%

     

Beazer Homes USA, Inc.

   

11,000

a 

164,010

 

Carter's, Inc.

   

28,112

b 

2,119,364

 

Century Communities, Inc.

   

20,100

 

1,202,181

 

Helen of Troy Ltd.

   

3,765

a 

424,278

 

Johnson Outdoors, Inc., Cl. A

   

1,200

 

77,832

 

M.D.C. Holdings, Inc.

   

71,218

 

2,635,066

 

M/I Homes, Inc.

   

21,400

a 

1,237,776

 

Meritage Homes Corp.

   

3,070

 

335,336

 

Smith & Wesson Brands, Inc.

   

11,200

 

122,528

 

Sturm Ruger & Co., Inc.

   

4,500

b 

262,215

 

Tempur Sealy International, Inc.

   

13,515

 

577,631

 

TopBuild Corp.

   

5,837

a 

1,211,703

 
    

10,369,920

 

Consumer Services - 3.7%

     

Boyd Gaming Corp.

   

31,997

 

2,083,965

 

Graham Holdings Co., Cl. B

   

2,000

 

1,253,320

 

Hilton Grand Vacations, Inc.

   

16,460

a 

785,800

 

International Game Technology PLC

   

55,116

 

1,463,881

 

Marriott Vacations Worldwide Corp.

   

12,605

 

1,928,439

 

OneSpaWorld Holdings Ltd.

   

169,133

a 

1,960,251

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 96.5% (continued)

     

Consumer Services - 3.7% (continued)

     

Perdoceo Education Corp.

   

79,500

a 

1,095,907

 

SeaWorld Entertainment, Inc.

   

8,265

a 

533,919

 

Stride, Inc.

   

8,835

a 

375,222

 

The Cheesecake Factory, Inc.

   

3,335

b 

124,862

 
    

11,605,566

 

Diversified Financials - 4.2%

     

Artisan Partners Asset Management Inc., Cl. A

   

53,111

 

1,751,070

 

Atlanticus Holdings Corp.

   

2,500

a 

80,125

 

B. Riley Financial, Inc.

   

21,645

b 

861,038

 

Bread Financial Holdings, Inc.

   

40,015

 

1,643,416

 

Cohen & Steers, Inc.

   

2,995

 

216,718

 

Enova International, Inc.

   

21,300

a 

1,038,375

 

Evercore, Inc., Cl. A

   

13,067

 

1,714,129

 

Focus Financial Partners Inc., Cl. A

   

14,595

a 

756,897

 

KKR Real Estate Finance Trust, Inc.

   

10,200

c 

147,900

 

Nelnet Inc., Cl. A

   

12,300

 

1,154,601

 

Oppenheimer Holdings, Inc., Cl. A

   

4,000

 

176,360

 

Stifel Financial Corp.

   

34,362

 

2,296,412

 

StoneX Group, Inc.

   

7,300

a 

736,059

 

Victory Capital Holdings Inc., Cl. A

   

14,200

 

482,232

 
    

13,055,332

 

Energy - 6.0%

     

Cactus Inc., Cl. A

   

49,385

 

2,269,240

 

Callon Petroleum Co.

   

44,307

a,b 

1,717,339

 

ChampionX Corp.

   

54,982

 

1,680,800

 

Chord Energy Corp.

   

5,070

 

682,523

 

CNX Resources Corp.

   

26,060

a,b 

400,021

 

Comstock Resources, Inc.

   

66,821

b 

811,207

 

Devon Energy Corp.

   

22,702

 

1,224,092

 

Dril-Quip, Inc.

   

67,142

a,b 

2,299,614

 

FLEX LNG Ltd.

   

10,600

b 

367,714

 

Green Plains, Inc.

   

17,590

a,b 

609,845

 

Helmerich & Payne, Inc.

   

12,675

 

533,364

 

HighPeak Energy, Inc.

   

16,300

b 

436,025

 

ION Geophysical Corp.

   

12,608

a,d 

0

 

National Energy Services Reunited Corp.

   

49,000

a 

316,540

 

Oil States International, Inc.

   

39,440

a 

360,087

 

Patterson-UTI Energy, Inc.

   

19,126

 

262,026

 

PBF Energy, Inc., Cl. A

   

23,200

 

1,014,072

 

PDC Energy, Inc.

   

25,517

 

1,712,446

 

Ranger Oil Corp., Cl. A

   

5,095

a 

211,443

 

Scorpio Tankers, Inc.

   

8,850

 

534,186

 

Sitio Royalties Corp., Cl. A

   

15,200

a 

357,352

 

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 96.5% (continued)

     

Energy - 6.0% (continued)

     

TechnipFMC PLC

   

48,977

a 

748,858

 

TETRA Technologies, Inc.

   

81,728

a 

290,952

 

World Fuel Services Corp.

   

2,900

 

79,605

 
    

18,919,351

 

Food & Staples Retailing - .7%

     

BJ's Wholesale Club Holdings, Inc.

   

9,305

a 

668,099

 

Ingles Markets, Inc., Cl. A

   

13,500

 

1,206,900

 

Weis Markets, Inc.

   

5,700

 

435,708

 
    

2,310,707

 

Food, Beverage & Tobacco - 2.6%

     

Darling Ingredients, Inc.

   

24,912

a 

1,576,182

 

National Beverage Corp.

   

21,100

a 

984,315

 

Seneca Foods Corp., Cl. A

   

5,200

a 

289,120

 

Sovos Brands, Inc.

   

23,989

a 

313,536

 

The Hain Celestial Group, Inc.

   

18,098

a 

322,687

 

The Simply Good Foods Company

   

12,595

a 

482,263

 

Tootsie Roll Industries, Inc.

   

14,784

b 

650,940

 

TreeHouse Foods, Inc.

   

69,400

a 

3,386,026

 
    

8,005,069

 

Health Care Equipment & Services - 6.8%

     

Acadia Healthcare Co., Inc.

   

20,354

a 

1,475,869

 

Accuray, Inc.

   

93,779

a,b 

271,959

 

AngioDynamics, Inc.

   

84,094

a 

1,041,084

 

AtriCure, Inc.

   

11,301

a 

435,089

 

Avanos Medical, Inc.

   

78,117

a 

2,192,745

 

Axonics, Inc.

   

6,605

a 

396,894

 

Cardiovascular Systems, Inc.

   

11,386

a 

224,418

 

CONMED Corp.

   

3,685

b 

354,460

 

Cytosorbents Corp.

   

23,416

a 

72,121

 

Enovis Corp.

   

34,292

a 

1,975,905

 

Haemonetics Corp.

   

35,220

a 

2,739,060

 

HealthEquity, Inc.

   

6,220

a 

405,357

 

HealthStream, Inc.

   

48,595

 

1,246,462

 

Integer Holdings Corp.

   

28,023

a 

2,101,165

 

Lantheus Holdings, Inc.

   

3,765

a 

278,459

 

Merit Medical Systems, Inc.

   

25,907

a 

1,828,516

 

Molina Healthcare, Inc.

   

3,293

a 

906,662

 

National HealthCare Corp.

   

11,700

 

651,924

 

Omnicell, Inc.

   

3,910

a 

212,860

 

Option Care Health, Inc.

   

14,440

a 

442,875

 

OraSure Technologies, Inc.

   

45,406

a 

286,512

 

Patterson Cos., Inc.

   

12,062

 

319,884

 

Select Medical Holdings Corp.

   

25,100

b 

682,469

 

Shockwave Medical, Inc.

   

1,765

a 

335,774

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 96.5% (continued)

     

Health Care Equipment & Services - 6.8% (continued)

     

TransMedics Group, Inc.

   

2,650

a 

212,186

 

Varex Imaging Corp.

   

15,742

a 

278,476

 
    

21,369,185

 

Household & Personal Products - 1.4%

     

BellRing Brands, Inc.

   

22,350

a 

690,168

 

Oil-Dri Corp. of America

   

29,794

 

1,115,189

 

Spectrum Brands Holdings, Inc.

   

26,545

 

1,699,411

 

USANA Health Sciences, Inc.

   

15,100

a 

917,778

 
    

4,422,546

 

Insurance - 3.1%

     

American Equity Investment Life Holding Co.

   

21,100

a 

878,815

 

Horace Mann Educators Corp.

   

44,183

 

1,633,004

 

Kinsale Capital Group, Inc.

   

2,690

 

857,303

 

Selective Insurance Group, Inc.

   

17,446

 

1,771,292

 

Stewart Information Services Corp.

   

27,590

 

1,172,299

 

The Hanover Insurance Group, Inc.

   

23,696

 

3,305,118

 
    

9,617,831

 

Materials - 7.3%

     

American Vanguard Corp.

   

98,026

 

2,045,803

 

ATI, Inc.

   

53,514

a 

2,175,344

 

Avery Dennison Corp.

   

7,259

 

1,322,517

 

Avient, Corp.

   

52,257

 

2,279,973

 

Balchem Corp.

   

5,300

 

689,000

 

Cleveland-Cliffs, Inc.

   

61,575

a,b 

1,313,395

 

Crown Holdings, Inc.

   

15,007

 

1,298,256

 

Element Solutions, Inc.

   

22,505

 

462,253

 

Greif, Inc., Cl. A

   

18,200

 

1,293,110

 

Kronos Worldwide, Inc.

   

79,600

 

898,684

 

Livent Corp.

   

15,705

a,b 

368,282

 

Materion Corp.

   

3,692

 

412,323

 

MP Materials Corp.

   

9,360

a,b 

327,600

 

Piedmont Lithium, Inc.

   

5,395

a 

350,136

 

Royal Gold, Inc.

   

13,761

 

1,634,669

 

Ryerson Holding Corp.

   

32,900

 

1,182,097

 

Schnitzer Steel Industries, Inc., Cl. A

   

45,167

 

1,476,509

 

Sensient Technologies Corp.

   

11,959

 

901,589

 

Summit Materials Inc., Cl. A

   

19,203

a 

567,257

 

Sylvamo Corp.

   

8,800

 

434,104

 

Worthington Industries, Inc.

   

22,000

 

1,329,680

 
    

22,762,581

 

Media & Entertainment - 2.9%

     

AMC Networks, Inc., Cl. A

   

21,700

a 

485,212

 

Criteo SA, ADR

   

51,941

a 

1,721,844

 

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 96.5% (continued)

     

Media & Entertainment - 2.9% (continued)

     

Gray Television, Inc.

   

223,344

 

2,613,125

 

Lions Gate Entertainment Corp., Cl. B

   

99,685

a 

991,866

 

Madison Square Garden Entertainment Corp.

   

29,108

a,b 

1,761,907

 

TEGNA, Inc.

   

31,645

 

550,623

 

The E.W. Scripps Company, Cl. A

   

14,000

a 

176,680

 

Thryv Holdings, Inc.

   

35,600

a 

848,704

 
    

9,149,961

 

Pharmaceuticals Biotechnology & Life Sciences - 2.8%

     

Akero Therapeutics, Inc.

   

1,845

a 

83,966

 

Amneal Pharmaceuticals, Inc.

   

61,810

a 

127,329

 

Amylyx Pharmaceuticals, Inc.

   

3,455

a,b 

120,303

 

Axsome Therapeutics, Inc.

   

4,455

a,b 

303,786

 

Charles River Laboratories International, Inc.

   

3,187

a 

699,037

 

CryoPort, Inc.

   

24,302

a 

526,381

 

Cytokinetics, Inc.

   

7,910

a 

342,978

 

Day One Biopharmaceuticals, Inc.

   

11,080

a 

204,094

 

Innoviva, Inc.

   

101,000

a 

1,219,070

 

Karuna Therapeutics, Inc.

   

1,535

a 

306,110

 

Medpace Holdings, Inc.

   

8,062

a 

1,563,061

 

Phibro Animal Health Corp., Cl. A

   

98,128

 

1,541,591

 

Prometheus Biosciences, Inc.

   

1,150

a 

140,749

 

Prothena Corp.

   

3,535

a 

197,112

 

Replimune Group, Inc.

   

8,295

a 

181,661

 

Standard Biotools, Inc.

   

84,060

a,b 

152,989

 

Ventyx Biosciences, Inc.

   

5,300

a 

229,225

 

Verona Pharma PLC, ADR

   

22,350

a,b 

479,184

 

Viking Therapeutics, Inc.

   

13,825

a 

152,213

 

Viridian Therapeutics, Inc.

   

9,370

a 

306,961

 
    

8,877,800

 

Real Estate - 4.2%

     

Alexander's, Inc.

   

600

b,c 

131,346

 

Chatham Lodging Trust

   

17,149

c 

209,389

 

Corporate Office Properties Trust

   

78,816

c 

2,004,291

 

DiamondRock Hospitality Co.

   

22,610

c 

197,159

 

Farmland Partners, Inc.

   

69,525

c 

745,308

 

Forestar Group, Inc.

   

16,000

a 

228,320

 

Independence Realty Trust, Inc.

   

29,430

b,c 

532,389

 

Kennedy-Wilson Holdings, Inc.

   

73,200

 

1,223,172

 

Lamar Advertising Co., Cl. A

   

10,462

c 

1,093,907

 

Newmark Group, Inc., Cl. A

   

131,700

 

1,056,234

 

Physicians Realty Trust

   

133,991

c 

1,987,087

 

Potlatchdeltic Corp.

   

38,307

b,c 

1,768,251

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 96.5% (continued)

     

Real Estate - 4.2% (continued)

     

RLJ Lodging Trust

   

17,003

c 

192,814

 

STAG Industrial, Inc.

   

15,055

b,c 

506,450

 

Terreno Realty Corp.

   

15,715

c 

977,630

 

The Howard Hughes Corp.

   

2,225

a 

184,942

 
    

13,038,689

 

Retailing - 1.7%

     

Asbury Automotive Group, Inc.

   

11,301

a 

2,566,457

 

Caleres, Inc.

   

13,248

b 

345,905

 

Chico's FAS, Inc.

   

40,624

a 

233,588

 

Dillard's Inc., Cl. A

   

500

b 

178,205

 

Haverty Furniture Cos., Inc.

   

2,300

 

86,802

 

Leslie's, Inc.

   

25,960

a 

327,356

 

The Buckle, Inc.

   

17,900

 

730,141

 

The Children's Place, Inc.

   

6,189

a,b 

259,133

 

The ODP Corp.

   

9,935

a 

449,857

 
    

5,177,444

 

Semiconductors & Semiconductor Equipment - 3.4%

     

Ambarella, Inc.

   

1,950

a 

183,905

 

Amkor Technology, Inc.

   

38,100

 

981,456

 

CEVA, Inc.

   

11,438

a 

360,983

 

Diodes, Inc.

   

19,045

a 

1,746,236

 

MACOM Technology Solutions Holdings, Inc.

   

24,076

a 

1,650,169

 

MaxLinear, Inc.

   

39,353

a 

1,346,266

 

MKS Instruments, Inc.

   

8,915

b 

864,131

 

Power Integrations, Inc.

   

2,225

 

183,006

 

Rambus, Inc.

   

34,784

a 

1,538,496

 

Silicon Laboratories, Inc.

   

1,210

a 

216,021

 

SiTime Corp.

   

1,000

a,b 

124,150

 

Synaptics, Inc.

   

2,390

a 

281,088

 

Veeco Instruments, Inc.

   

49,487

a 

1,052,588

 
    

10,528,495

 

Software & Services - 2.6%

     

Adeia, Inc.

   

47,364

 

467,009

 

BlackLine, Inc.

   

2,995

a 

204,738

 

Box Inc., Cl. A

   

13,738

a 

458,162

 

Cognyte Software Ltd.

   

70,215

a 

259,796

 

Conduent, Inc.

   

201,518

a 

802,042

 

Ebix, Inc.

   

10,200

 

177,276

 

Kyndryl Holdings, Inc.

   

59,522

a 

933,900

 

New Relic, Inc.

   

11,273

a 

822,591

 

OneSpan, Inc.

   

24,123

a 

326,143

 

Qualys, Inc.

   

1,535

a 

181,360

 

SPS Commerce, Inc.

   

2,260

a 

340,446

 

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 96.5% (continued)

     

Software & Services - 2.6% (continued)

     

TTEC Holdings, Inc.

   

8,500

 

342,210

 

Unisys Corp.

   

83,526

a 

415,959

 

Varonis Systems, Inc.

   

17,816

a 

482,457

 

Verint Systems, Inc.

   

19,705

a 

736,573

 

Wix.com Ltd.

   

4,327

a 

391,723

 

Workiva, Inc.

   

2,470

a 

220,324

 

Xperi, Inc.

   

38,138

a 

445,833

 
    

8,008,542

 

Technology Hardware & Equipment - 5.2%

     

Belden, Inc.

   

20,448

 

1,725,402

 

Calix, Inc.

   

4,180

a 

213,807

 

Ciena Corp.

   

26,675

a 

1,286,268

 

Coherent Corp.

   

45,201

a,b 

1,949,519

 

EMCORE Corp.

   

35,385

a 

50,777

 

Extreme Networks, Inc.

   

10,755

a 

201,334

 

Infinera Corp.

   

40,808

a,b 

288,513

 

Innoviz Technologies Ltd.

   

44,889

a,b 

213,223

 

Itron, Inc.

   

12,068

a 

673,032

 

Knowles Corp.

   

68,057

a,b 

1,155,608

 

Methode Electronics, Inc.

   

42,870

 

2,089,055

 

nLight, Inc.

   

15,389

a 

173,896

 

Novanta, Inc.

   

1,685

a 

264,393

 

OSI Systems, Inc.

   

5,399

a 

499,677

 

PC Connection, Inc.

   

16,800

 

735,840

 

Quantum Corp.

   

443,734

a 

501,419

 

Radware Ltd.

   

15,837

a 

329,885

 

Ribbon Communications, Inc.

   

255,751

a 

1,140,649

 

Rogers Corp.

   

1,590

a 

234,048

 

Stratasys Ltd.

   

44,491

a 

576,158

 

Teledyne Technologies, Inc.

   

1,187

a 

510,493

 

Viasat, Inc.

   

28,854

a,b 

916,403

 

Viavi Solutions, Inc.

   

46,540

a 

509,148

 

Vishay Intertechnology, Inc.

   

5,300

 

112,519

 
    

16,351,066

 

Telecommunication Services - .6%

     

ATN International, Inc.

   

32,719

 

1,375,834

 

U.S. Cellular Corp.

   

27,700

a,b 

668,401

 
    

2,044,235

 

Transportation - 1.9%

     

Costamare, Inc.

   

121,500

 

1,275,750

 

Heartland Express, Inc.

   

99,992

 

1,612,871

 

Matson, Inc.

   

4,700

b 

312,597

 

Universal Logistics Holdings, Inc.

   

13,500

 

400,950

 

Werner Enterprises, Inc.

   

11,880

 

551,826

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 96.5% (continued)

     

Transportation - 1.9% (continued)

     

XPO, Inc.

   

54,407

a 

1,815,018

 
    

5,969,012

 

Utilities - 2.6%

     

American States Water Co.

   

3,225

 

287,993

 

Chesapeake Utilities Corp.

   

5,530

 

708,338

 

New Jersey Resources Corp.

   

8,450

 

431,204

 

Ormat Technologies, Inc.

   

16,124

b 

1,362,800

 

Portland General Electric Co.

   

48,335

b 

2,310,413

 

Southwest Gas Holdings, Inc.

   

37,769

 

2,379,825

 

Vistra Corp.

   

36,068

 

793,135

 
    

8,273,708

 

Total Common Stocks (cost $251,850,278)

   

302,269,743

 
        

Exchange-Traded Funds - .9%

     

Registered Investment Companies - .9%

     

iShares Russell 2000 ETF
(cost $2,701,149)

   

14,700

b 

 2,766,246

 
 

Coupon Rate (%)

Maturity Date

 

Principal Amount ($)

   

Escrow Bonds - .0%

     

Energy - .0%

     

Ion Geophysical Escrow Bond
(cost $19,550)

8.00

12/15/2025

 

48,000

d 

 0

 
  

1-Day
Yield (%)

     

Investment Companies - 2.6%

     

Registered Investment Companies - 2.6%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares
(cost $8,313,273)

 

4.65

 

8,313,272

e 

 8,313,273

 
        

Investment of Cash Collateral for Securities Loaned - 1.3%

     

Registered Investment Companies - 1.3%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund, SL Shares
(cost $4,093,445)

 

4.65

 

4,093,445

e 

 4,093,445

 

Total Investments (cost $266,977,695)

 

101.3%

 

317,442,707

 

Liabilities, Less Cash and Receivables

 

(1.3%)

 

(4,134,048)

 

Net Assets

 

100.0%

 

313,308,659

 

ADR—American Depository Receipt

ETF—Exchange-Traded Fund

a Non-income producing security.

b Security, or portion thereof, on loan. At February 28, 2023, the value of the fund’s securities on loan was $30,135,542 and the value of the collateral was $31,067,155, consisting of cash collateral of $4,093,445 and U.S. Government & Agency securities valued at $26,973,710. In addition, the value of collateral may include pending sales that are also on loan.

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

d The fund held Level 3 securities at February 28, 2023. These securities were valued at $0 or .0% of net assets.

e 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 Select Managers Small Cap Value Fund

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

302,269,743

-

 

-

302,269,743

 

Escrow Bonds

-

-

 

0

0

 

Exchange-Traded Funds

2,766,246

-

 

-

2,766,246

 

Investment Companies

12,406,718

-

 

-

12,406,718

 

† 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 Company’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.

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, 2023, accumulated net unrealized appreciation on investments was $50,465,012, consisting of $64,139,479 gross unrealized appreciation and $13,674,467 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.