0001775697-23-000432.txt : 20230526 0001775697-23-000432.hdr.sgml : 20230526 20230526082627 ACCESSION NUMBER: 0001775697-23-000432 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230331 FILED AS OF DATE: 20230526 DATE AS OF CHANGE: 20230526 PERIOD START: 20231231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BNY MELLON STOCK INDEX FUND, INC. CENTRAL INDEX KEY: 0000846800 IRS NUMBER: 133537664 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-05719 FILM NUMBER: 23963170 BUSINESS ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10286 BUSINESS PHONE: 2129226400 MAIL ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10286 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS STOCK INDEX FUND, INC. DATE OF NAME CHANGE: 20181030 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS STOCK INDEX FUND INC DATE OF NAME CHANGE: 20020514 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS LIFE & ANNUITY INDEX FUND INC DATE OF NAME CHANGE: 19920703 0000846800 S000001911 BNY Mellon Stock Index Fund, Inc. C000005028 BNY Mellon Stock Index Fund, Inc. - Initial Shares C000005029 BNY Mellon Stock Index Fund, Inc. - Service Shares NPORT-P 1 primary_doc.xml NPORT-P false 0000846800 XXXXXXXX S000001911 C000005028 C000005029 BNY Mellon Stock Index Fund, Inc. 811-05719 0000846800 549300TUUWM9ZQT5RB19 240 Greenwich Street New York 10286 212 495 1784 BNY Mellon Stock Index Fund, Inc. 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N N N UNION PACIFIC CORP 549300LMMRSZZCZ8CL11 UNION PACIFIC CORP 907818108 47792.00 NS USD 9618617.92 0.3700743234915 Long EC CORP US N 1 N N N MARTIN MARIETTA MATERIALS INC 5299005MZ4WZECVATV08 MARTIN MARIETTA MATERIALS INC 573284106 4900.00 NS USD 1739794.00 0.0669382122171 Long EC CORP US N 1 N N N TRAVELERS COS INC/THE 549300Y650407RU8B149 TRAVELERS COS INC/THE 89417E109 18112.00 NS USD 3104577.92 0.1194479896203 Long EC CORP US N 1 N N N TRANE TECHNOLOGIES PLC 549300BURLR9SLYY2705 TRANE TECHNOLOGIES PLC N/A 18018.00 NS USD 3314951.64 0.1275420747329 Long EC CORP IE N 1 N N N REPUBLIC SERVICES INC NKNQHM6BLECKVOQP7O46 REPUBLIC SERVICES INC 760759100 16125.00 NS USD 2180422.50 0.0838913020898 Long EC CORP US N 1 N N N HILTON WORLDWIDE HOLDINGS INC 549300HVGPK36ICB0B89 HILTON WORLDWIDE HOLDINGS INC 43300A203 20977.00 NS USD 2955029.99 0.1136941641244 Long EC CORP US N 1 N N N REALTY INCOME CORP 549300CUWDAUZSH43859 REALTY INCOME CORP 756109104 49057.00 NS USD 3106289.24 0.1195138323013 Long EC CORP US N 1 N N N VERISK ANALYTICS INC 549300I1YSWNIRKBWP67 VERISK ANALYTICS INC 92345Y106 12160.00 NS USD 2333017.60 0.0897623668176 Long EC CORP US N 1 N N N CROWN CASTLE INC 54930012H97VSM0I2R19 CROWN CASTLE INC 22822V101 33953.00 NS USD 4544269.52 0.1748398244284 Long EC CORP US N 1 N N N PUBLIC SERVICE ENTERPRISE GROUP INC PUSS41EMO3E6XXNV3U28 PUBLIC SERVICE ENTERPRISE GROUP INC 744573106 38908.00 NS USD 2429804.60 0.0934862265078 Long EC CORP US N 1 N N N SIMON PROPERTY GROUP INC 529900GQL5X8H7AO3T64 SIMON PROPERTY GROUP INC 828806109 25605.00 NS USD 2866991.85 0.1103069150026 Long EC CORP US N 1 N N N M&T BANK CORPORATION 549300WYXDDBYRASEG81 M&T BANK CORP 55261F104 13460.00 NS USD 1609412.20 0.0619217995857 Long EC CORP US N 1 N N N BANK OF AMERICA CORP 9DJT3UXIJIZJI4WXO774 BANK OF AMERICA CORP 060505104 542559.00 NS USD 15517187.40 0.5970205571432 Long EC CORP US N 1 N N N ROSS STORES INC 549300ENZFLPGRDFZQ60 ROSS STORES INC 778296103 26908.00 NS USD 2855746.04 0.1098742348023 Long EC CORP US N 1 N N N RAYMOND JAMES FINANCIAL INC RGUZHJ05YTITL6D76949 RAYMOND JAMES FINANCIAL INC 754730109 14841.00 NS USD 1384220.07 0.0532575792311 Long EC CORP US N 1 N N N ESM3 INDEX N/A S&P500 EMINI FUT JUN23 N/A 183.00 NC USD 37860412.50 1.4566714947595 Long DE US N 1 N/A N/A Long ESM3 INDEX_REF S&P500 EMINI FUT JUN23 2023-06-16 37860412.50 USD 2117719.21 N N N DREYFUS INSTITUTIONAL PREFERRE 549300RBWL04JG8SIX57 Dreyfus Institutional Preferred Government Plus Money Market Fund N/A 31481403.87 OU Other Units USD 31481403.87 1.2112404647582 Long STIV RF US N 1 2099-12-01 Variable 4.890409 N N N N N N 99VVB9HH4 N/A DREYFUS INST PREF GOVT PLUS #4134 99VVB9HH4 1782157.22 OU Other Units USD 1782157.22 0.0685681282937 Long RF US N 1 N N 2023-05-25 BNY Mellon Advantage Funds, Inc. James Windels James Windels Fund Treasurer XXXX NPORT-EX 2 c10730bnymellonst-march20231.htm Untitled Document

STATEMENT OF INVESTMENTS
BNY Mellon Stock Index Fund, Inc.

March 31, 2023 (Unaudited)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 102.9%

     

Automobiles & Components - 2.1%

     

Aptiv PLC

   

20,887

a 

2,343,313

 

BorgWarner, Inc.

   

18,391

 

903,182

 

Ford Motor Co.

   

304,110

 

3,831,786

 

General Motors Co.

   

108,506

 

3,980,000

 

Tesla, Inc.

   

209,545

a 

43,472,206

 
    

54,530,487

 

Banks - 3.2%

     

Bank of America Corp.

   

542,559

 

15,517,187

 

Citigroup, Inc.

   

150,271

 

7,046,207

 

Citizens Financial Group, Inc.

   

39,097

 

1,187,376

 

Comerica, Inc.

   

10,329

 

448,485

 

Fifth Third Bancorp

   

52,442

 

1,397,055

 

First Republic Bank

   

14,045

b 

196,490

 

Huntington Bancshares, Inc.

   

111,668

 

1,250,682

 

JPMorgan Chase & Co.

   

228,584

 

29,786,781

 

KeyCorp

   

71,204

 

891,474

 

M&T Bank Corp.

   

13,460

 

1,609,412

 

Regions Financial Corp.

   

74,250

 

1,378,080

 

The PNC Financial Services Group, Inc.

   

31,133

 

3,957,004

 

Truist Financial Corp.

   

103,959

 

3,545,002

 

U.S. Bancorp

   

106,506

 

3,839,541

 

Wells Fargo & Co.

   

296,212

 

11,072,405

 

Zions Bancorp NA

   

11,973

 

358,352

 
    

83,481,533

 

Capital Goods - 5.9%

     

3M Co.

   

42,904

 

4,509,639

 

A.O. Smith Corp.

   

10,188

 

704,500

 

Allegion PLC

   

6,569

 

701,109

 

AMETEK, Inc.

   

17,827

 

2,590,798

 

Carrier Global Corp.

   

64,796

a 

2,964,417

 

Caterpillar, Inc.

   

40,454

 

9,257,493

 

Cummins, Inc.

   

10,811

 

2,582,532

 

Deere & Co.

   

21,085

 

8,705,575

 

Dover Corp.

   

10,769

 

1,636,242

 

Eaton Corp. PLC

   

30,756

 

5,269,733

 

Emerson Electric Co.

   

44,776

 

3,901,781

 

Fastenal Co.

   

44,255

 

2,387,115

 

Fortive Corp.

   

27,856

 

1,898,944

 

Generac Holdings, Inc.

   

4,979

a 

537,782

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 102.9% (continued)

     

Capital Goods - 5.9% (continued)

     

General Dynamics Corp.

   

17,651

 

4,028,135

 

General Electric Co.

   

84,512

 

8,079,347

 

Honeywell International, Inc.

   

52,264

 

9,988,696

 

Howmet Aerospace, Inc.

   

27,728

 

1,174,835

 

Huntington Ingalls Industries, Inc.

   

2,994

 

619,818

 

IDEX Corp.

   

6,013

 

1,389,183

 

Illinois Tool Works, Inc.

   

21,589

 

5,255,842

 

Ingersoll Rand, Inc.

   

31,994

 

1,861,411

 

Johnson Controls International PLC

   

53,997

 

3,251,699

 

L3Harris Technologies, Inc.

   

14,928

 

2,929,471

 

Lockheed Martin Corp.

   

17,863

 

8,444,376

 

Masco Corp.

   

17,682

 

879,149

 

Nordson Corp.

   

4,272

 

949,495

 

Northrop Grumman Corp.

   

11,159

 

5,152,333

 

Otis Worldwide Corp.

   

32,662

 

2,756,673

 

PACCAR, Inc.

   

40,327

 

2,951,936

 

Parker-Hannifin Corp.

   

10,050

 

3,377,905

 

Pentair PLC

   

12,767

 

705,632

 

Quanta Services, Inc.

   

10,950

 

1,824,708

 

Raytheon Technologies Corp.

   

114,277

 

11,191,147

 

Rockwell Automation, Inc.

   

8,959

 

2,629,019

 

Snap-on, Inc.

   

4,202

 

1,037,432

 

Stanley Black & Decker, Inc.

   

11,507

 

927,234

 

Textron, Inc.

   

16,099

 

1,137,072

 

The Boeing Company

   

43,532

a 

9,247,503

 

Trane Technologies PLC

   

18,018

 

3,314,952

 

TransDigm Group, Inc.

   

4,050

a 

2,985,052

 

United Rentals, Inc.

   

5,434

 

2,150,560

 

W.W. Grainger, Inc.

   

3,458

 

2,381,905

 

Wabtec Corp.

   

14,442

 

1,459,509

 

Xylem, Inc.

   

14,024

 

1,468,313

 
    

153,198,002

 

Commercial & Professional Services - 1.3%

     

Automatic Data Processing, Inc.

   

32,165

 

7,160,894

 

Broadridge Financial Solutions, Inc.

   

9,084

 

1,331,442

 

Cintas Corp.

   

6,767

 

3,130,956

 

Copart, Inc.

   

33,256

a 

2,501,184

 

CoStar Group, Inc.

   

31,659

a 

2,179,722

 

Equifax, Inc.

   

9,339

 

1,894,323

 

Jacobs Solutions, Inc.

   

10,005

 

1,175,688

 

Leidos Holdings, Inc.

   

10,745

 

989,185

 

Paychex, Inc.

   

24,853

 

2,847,905

 

Republic Services, Inc.

   

16,125

 

2,180,422

 

Robert Half International, Inc.

   

8,109

 

653,342

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 102.9% (continued)

     

Commercial & Professional Services - 1.3% (continued)

     

Rollins, Inc.

   

17,604

 

660,678

 

Verisk Analytics, Inc.

   

12,160

 

2,333,018

 

Waste Management, Inc.

   

29,286

 

4,778,597

 
    

33,817,356

 

Consumer Discretionary Distribution - 5.3%

     

Advance Auto Parts, Inc.

   

4,435

 

539,340

 

Amazon.com, Inc.

   

694,970

a 

71,783,451

 

AutoZone, Inc.

   

1,456

a 

3,579,066

 

Bath & Body Works, Inc.

   

17,962

 

657,050

 

Best Buy Co., Inc.

   

15,469

 

1,210,759

 

CarMax, Inc.

   

12,714

a 

817,256

 

eBay, Inc.

   

42,109

 

1,868,376

 

Etsy, Inc.

   

9,593

a 

1,067,989

 

Genuine Parts Co.

   

10,758

 

1,799,921

 

LKQ Corp.

   

19,977

 

1,133,895

 

Lowe's Cos., Inc.

   

47,200

 

9,438,584

 

O'Reilly Automotive, Inc.

   

4,874

a 

4,137,929

 

Pool Corp.

   

3,056

 

1,046,497

 

Ross Stores, Inc.

   

26,908

 

2,855,746

 

The Home Depot, Inc.

   

79,312

 

23,406,557

 

The TJX Companies, Inc.

   

89,876

 

7,042,683

 

Tractor Supply Co.

   

8,655

 

2,034,271

 

Ulta Beauty, Inc.

   

3,999

a 

2,182,134

 
    

136,601,504

 

Consumer Durables & Apparel - .9%

     

D.R. Horton, Inc.

   

23,999

 

2,344,462

 

Garmin Ltd.

   

11,939

 

1,204,884

 

Hasbro, Inc.

   

10,374

 

556,980

 

Lennar Corp., Cl. A

   

20,069

 

2,109,453

 

Mohawk Industries, Inc.

   

4,187

a 

419,621

 

Newell Brands, Inc.

   

28,859

b 

359,006

 

NIKE, Inc., Cl. B

   

97,094

 

11,907,608

 

NVR, Inc.

   

236

a 

1,315,037

 

PulteGroup, Inc.

   

17,126

 

998,103

 

Ralph Lauren Corp.

   

3,442

b 

401,578

 

Tapestry, Inc.

   

19,385

 

835,687

 

VF Corp.

   

25,670

 

588,100

 

Whirlpool Corp.

   

4,271

 

563,857

 
    

23,604,376

 

Consumer Services - 2.2%

     

Booking Holdings, Inc.

   

3,008

a 

7,978,449

 

Caesars Entertainment, Inc.

   

17,331

a 

845,926

 

Carnival Corp.

   

75,006

a,b 

761,311

 

Chipotle Mexican Grill, Inc.

   

2,173

a 

3,712,114

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 102.9% (continued)

     

Consumer Services - 2.2% (continued)

     

Darden Restaurants, Inc.

   

9,596

 

1,488,915

 

Domino's Pizza, Inc.

   

2,650

 

874,155

 

Expedia Group, Inc.

   

11,873

a 

1,152,037

 

Hilton Worldwide Holdings, Inc.

   

20,977

 

2,955,030

 

Las Vegas Sands Corp.

   

24,957

a 

1,433,780

 

Marriott International, Inc., Cl. A

   

20,632

 

3,425,737

 

McDonald's Corp.

   

56,936

 

15,919,875

 

MGM Resorts International

   

24,017

 

1,066,835

 

Norwegian Cruise Line Holdings Ltd.

   

29,064

a,b 

390,911

 

Royal Caribbean Cruises Ltd.

   

17,591

a,b 

1,148,692

 

Starbucks Corp.

   

89,225

 

9,290,999

 

Wynn Resorts Ltd.

   

8,181

a 

915,536

 

Yum! Brands, Inc.

   

22,085

 

2,916,987

 
    

56,277,289

 

Consumer Staples Distribution - 2.0%

     

Costco Wholesale Corp.

   

34,630

 

17,206,608

 

Dollar General Corp.

   

17,374

 

3,656,532

 

Dollar Tree, Inc.

   

16,158

a 

2,319,481

 

Sysco Corp.

   

39,732

 

3,068,502

 

Target Corp.

   

36,026

 

5,966,986

 

The Kroger Company

   

49,968

 

2,466,920

 

Walgreens Boots Alliance, Inc.

   

55,045

 

1,903,456

 

Walmart, Inc.

   

109,717

 

16,177,772

 
    

52,766,257

 

Energy - 4.7%

     

APA Corp.

   

24,931

 

899,012

 

Baker Hughes Co.

   

78,519

 

2,266,058

 

Chevron Corp.

   

138,288

 

22,563,070

 

ConocoPhillips

   

95,939

 

9,518,108

 

Coterra Energy, Inc.

   

60,709

 

1,489,799

 

Devon Energy Corp.

   

50,396

 

2,550,542

 

Diamondback Energy, Inc.

   

14,374

 

1,942,934

 

EOG Resources, Inc.

   

45,939

 

5,265,988

 

EQT Corp.

   

29,308

 

935,218

 

Exxon Mobil Corp.

   

320,139

 

35,106,443

 

Halliburton Co.

   

69,986

 

2,214,357

 

Hess Corp.

   

21,369

 

2,827,973

 

Kinder Morgan, Inc.

   

155,081

 

2,715,468

 

Marathon Oil Corp.

   

51,310

 

1,229,388

 

Marathon Petroleum Corp.

   

35,701

 

4,813,566

 

Occidental Petroleum Corp.

   

56,661

 

3,537,346

 

ONEOK, Inc.

   

35,093

 

2,229,809

 

Phillips 66

   

36,239

 

3,673,910

 

Pioneer Natural Resources Co.

   

18,496

 

3,777,623

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 102.9% (continued)

     

Energy - 4.7% (continued)

     

Schlumberger NV

   

109,997

 

5,400,853

 

Targa Resources Corp.

   

17,442

 

1,272,394

 

The Williams Companies, Inc.

   

94,183

 

2,812,304

 

Valero Energy Corp.

   

30,137

 

4,207,125

 
    

123,249,288

 

Equity Real Estate Investment - 2.6%

     

Alexandria Real Estate Equities, Inc.

   

12,877

c 

1,617,222

 

American Tower Corp.

   

36,141

c 

7,385,052

 

AvalonBay Communities, Inc.

   

10,663

c 

1,792,024

 

Boston Properties, Inc.

   

11,053

c 

598,188

 

Camden Property Trust

   

8,017

c 

840,502

 

Crown Castle, Inc.

   

33,953

c 

4,544,270

 

Digital Realty Trust, Inc.

   

22,543

c 

2,216,202

 

Equinix, Inc.

   

7,255

c 

5,231,145

 

Equity Residential

   

25,849

c 

1,550,940

 

Essex Property Trust, Inc.

   

4,951

c 

1,035,452

 

Extra Space Storage, Inc.

   

10,548

c 

1,718,586

 

Federal Realty Investment Trust

   

5,635

c 

556,907

 

Healthpeak Properties, Inc.

   

41,016

c 

901,122

 

Host Hotels & Resorts, Inc.

   

55,140

c 

909,259

 

Invitation Homes, Inc.

   

45,273

c 

1,413,876

 

Iron Mountain, Inc.

   

22,339

c 

1,181,956

 

Kimco Realty Corp.

   

47,468

c 

927,050

 

Mid-America Apartment Communities, Inc.

   

9,135

c 

1,379,750

 

Prologis, Inc.

   

71,756

c 

8,952,996

 

Public Storage

   

12,368

c 

3,736,868

 

Realty Income Corp.

   

49,057

c 

3,106,289

 

Regency Centers Corp.

   

11,470

c 

701,735

 

SBA Communications Corp.

   

8,459

c 

2,208,391

 

Simon Property Group, Inc.

   

25,605

c 

2,866,992

 

UDR, Inc.

   

23,607

c 

969,303

 

Ventas, Inc.

   

31,010

c 

1,344,283

 

VICI Properties, Inc.

   

80,570

c 

2,628,193

 

Welltower, Inc.

   

36,737

c 

2,633,676

 

Weyerhaeuser Co.

   

56,712

c 

1,708,733

 
    

66,656,962

 

Financial Services - 7.9%

     

American Express Co.

   

46,417

 

7,656,484

 

Ameriprise Financial, Inc.

   

8,314

 

2,548,241

 

Berkshire Hathaway, Inc., Cl. B

   

140,390

a 

43,348,220

 

BlackRock, Inc.

   

11,669

 

7,807,961

 

Capital One Financial Corp.

   

29,428

 

2,829,796

 

Cboe Global Markets, Inc.

   

8,239

 

1,106,003

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 102.9% (continued)

     

Financial Services - 7.9% (continued)

     

CME Group, Inc.

   

27,790

 

5,322,341

 

Discover Financial Services

   

21,422

 

2,117,350

 

FactSet Research Systems, Inc.

   

3,001

 

1,245,685

 

Fidelity National Information Services, Inc.

   

46,523

 

2,527,595

 

Fiserv, Inc.

   

49,788

a 

5,627,538

 

FLEETCOR Technologies, Inc.

   

5,759

a 

1,214,285

 

Franklin Resources, Inc.

   

21,069

b 

567,599

 

Global Payments, Inc.

   

21,200

 

2,231,088

 

Intercontinental Exchange, Inc.

   

43,490

 

4,535,572

 

Invesco Ltd.

   

35,223

 

577,657

 

Jack Henry & Associates, Inc.

   

5,578

 

840,716

 

MarketAxess Holdings, Inc.

   

2,943

 

1,151,566

 

Mastercard, Inc., Cl. A

   

65,772

 

23,902,203

 

Moody's Corp.

   

12,272

 

3,755,477

 

Morgan Stanley

   

102,478

 

8,997,568

 

MSCI, Inc.

   

6,269

 

3,508,697

 

Nasdaq, Inc.

   

26,073

 

1,425,411

 

Northern Trust Corp.

   

16,354

 

1,441,278

 

PayPal Holdings, Inc.

   

88,438

a 

6,715,982

 

Raymond James Financial, Inc.

   

14,841

 

1,384,220

 

S&P Global, Inc.

   

25,630

 

8,836,455

 

State Street Corp.

   

26,912

 

2,036,969

 

Synchrony Financial

   

36,049

 

1,048,305

 

T. Rowe Price Group, Inc.

   

17,597

 

1,986,701

 

The Bank of New York Mellon Corp.

   

57,378

 

2,607,256

 

The Charles Schwab Corp.

   

118,568

 

6,210,592

 

The Goldman Sachs Group, Inc.

   

26,324

 

8,610,844

 

Visa, Inc., Cl. A

   

126,749

b 

28,576,830

 
    

204,300,485

 

Food, Beverage & Tobacco - 3.7%

     

Altria Group, Inc.

   

138,792

 

6,192,899

 

Archer-Daniels-Midland Co.

   

43,070

 

3,430,956

 

Brown-Forman Corp., Cl. B

   

14,193

 

912,184

 

Bunge Ltd.

   

11,610

 

1,108,987

 

Campbell Soup Co.

   

15,344

 

843,613

 

Conagra Brands, Inc.

   

37,016

 

1,390,321

 

Constellation Brands, Inc., Cl. A

   

12,587

 

2,843,277

 

General Mills, Inc.

   

46,300

 

3,956,798

 

Hormel Foods Corp.

   

21,836

 

870,820

 

Kellogg Co.

   

19,700

 

1,319,112

 

Keurig Dr. Pepper, Inc.

   

65,818

 

2,322,059

 

Lamb Weston Holdings, Inc.

   

11,136

 

1,163,935

 

McCormick & Co., Inc.

   

19,484

 

1,621,264

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 102.9% (continued)

     

Food, Beverage & Tobacco - 3.7% (continued)

     

Molson Coors Beverage Co., Cl. B

   

14,740

 

761,763

 

Mondelez International, Inc., Cl. A

   

107,069

 

7,464,851

 

Monster Beverage Corp.

   

59,330

a 

3,204,413

 

PepsiCo, Inc.

   

107,098

 

19,523,965

 

Philip Morris International, Inc.

   

120,506

 

11,719,208

 

The Coca-Cola Company

   

302,553

 

18,767,363

 

The Hershey Company

   

11,465

 

2,916,811

 

The J.M. Smucker Company

   

8,354

 

1,314,669

 

The Kraft Heinz Company

   

62,673

 

2,423,565

 

Tyson Foods, Inc., Cl. A

   

21,964

 

1,302,904

 
    

97,375,737

 

Health Care Equipment & Services - 6.1%

     

Abbott Laboratories

   

135,538

 

13,724,578

 

Align Technology, Inc.

   

5,705

a 

1,906,269

 

AmerisourceBergen Corp.

   

12,766

 

2,043,964

 

Baxter International, Inc.

   

39,855

 

1,616,519

 

Becton, Dickinson and Co.

   

22,170

 

5,487,962

 

Boston Scientific Corp.

   

111,731

a 

5,589,902

 

Cardinal Health, Inc.

   

19,996

 

1,509,698

 

Centene Corp.

   

43,242

a 

2,733,327

 

CVS Health Corp.

   

100,311

 

7,454,110

 

DaVita, Inc.

   

4,538

a 

368,077

 

Dentsply Sirona, Inc.

   

15,670

 

615,518

 

DexCom, Inc.

   

30,126

a 

3,500,039

 

Edwards Lifesciences Corp.

   

48,038

a 

3,974,184

 

Elevance Health, Inc.

   

18,556

 

8,532,234

 

GE HealthCare Technologies, Inc.

   

28,826

a 

2,364,597

 

HCA Healthcare, Inc.

   

16,625

 

4,383,680

 

Henry Schein, Inc.

   

10,414

a 

849,158

 

Hologic, Inc.

   

19,767

a 

1,595,197

 

Humana, Inc.

   

9,876

 

4,794,403

 

IDEXX Laboratories, Inc.

   

6,463

a 

3,232,017

 

Insulet Corp.

   

5,473

a 

1,745,668

 

Intuitive Surgical, Inc.

   

27,390

a 

6,997,323

 

Laboratory Corp. of America Holdings

   

6,776

 

1,554,550

 

McKesson Corp.

   

10,807

 

3,847,832

 

Medtronic PLC

   

103,283

 

8,326,675

 

Molina Healthcare, Inc.

   

4,612

a 

1,233,664

 

Quest Diagnostics, Inc.

   

8,929

 

1,263,275

 

ResMed, Inc.

   

11,226

 

2,458,382

 

Steris PLC

   

7,849

 

1,501,357

 

Stryker Corp.

   

26,121

 

7,456,762

 

Teleflex, Inc.

   

3,699

 

936,994

 

The Cigna Group

   

23,392

 

5,977,358

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 102.9% (continued)

     

Health Care Equipment & Services - 6.1% (continued)

     

The Cooper Companies, Inc.

   

3,795

 

1,416,901

 

UnitedHealth Group, Inc.

   

72,633

 

34,325,629

 

Universal Health Services, Inc., Cl. B

   

5,136

 

652,786

 

Zimmer Biomet Holdings, Inc.

   

16,480

 

2,129,216

 
    

158,099,805

 

Household & Personal Products - 1.7%

     

Church & Dwight Co., Inc.

   

18,782

 

1,660,517

 

Colgate-Palmolive Co.

   

64,926

 

4,879,189

 

Kimberly-Clark Corp.

   

26,197

 

3,516,161

 

The Clorox Company

   

9,600

 

1,519,104

 

The Estee Lauder Companies, Inc., Cl. A

   

18,132

 

4,468,813

 

The Procter & Gamble Company

   

184,211

 

27,390,334

 
    

43,434,118

 

Insurance - 2.2%

     

Aflac, Inc.

   

44,363

 

2,862,301

 

American International Group, Inc.

   

58,248

 

2,933,369

 

Aon PLC, Cl. A

   

15,960

 

5,032,028

 

Arch Capital Group Ltd.

   

29,305

a 

1,988,930

 

Arthur J. Gallagher & Co.

   

16,113

 

3,082,578

 

Assurant, Inc.

   

3,877

 

465,511

 

Brown & Brown, Inc.

   

18,041

 

1,035,914

 

Chubb Ltd.

   

32,156

 

6,244,052

 

Cincinnati Financial Corp.

   

12,484

 

1,399,207

 

Everest Re Group Ltd.

   

3,053

 

1,093,035

 

Globe Life, Inc.

   

7,089

 

779,932

 

Lincoln National Corp.

   

12,499

 

280,853

 

Loews Corp.

   

15,461

 

897,047

 

Marsh & McLennan Cos., Inc.

   

38,419

 

6,398,684

 

MetLife, Inc.

   

50,508

 

2,926,434

 

Principal Financial Group, Inc.

   

17,371

 

1,291,013

 

Prudential Financial, Inc.

   

28,853

 

2,387,297

 

The Allstate Corp.

   

20,710

 

2,294,875

 

The Hartford Financial Services Group, Inc.

   

24,491

 

1,706,778

 

The Progressive Corp.

   

45,753

 

6,545,424

 

The Travelers Companies, Inc.

   

18,112

 

3,104,578

 

W.R. Berkley Corp.

   

16,544

 

1,030,029

 

Willis Towers Watson PLC

   

8,486

 

1,971,977

 
    

57,751,846

 

Materials - 2.7%

     

Air Products & Chemicals, Inc.

   

17,328

 

4,976,775

 

Albemarle Corp.

   

9,210

 

2,035,778

 

Amcor PLC

   

118,442

 

1,347,870

 

Avery Dennison Corp.

   

6,467

 

1,157,140

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 102.9% (continued)

     

Materials - 2.7% (continued)

     

Ball Corp.

   

24,463

b 

1,348,156

 

Celanese Corp.

   

7,745

 

843,353

 

CF Industries Holdings, Inc.

   

15,757

 

1,142,225

 

Corteva, Inc.

   

55,080

 

3,321,875

 

Dow, Inc.

   

54,798

 

3,004,026

 

DuPont de Nemours, Inc.

   

35,796

 

2,569,079

 

Eastman Chemical Co.

   

9,290

 

783,519

 

Ecolab, Inc.

   

19,152

 

3,170,231

 

FMC Corp.

   

9,951

 

1,215,316

 

Freeport-McMoRan, Inc.

   

110,193

 

4,507,996

 

International Flavors & Fragrances, Inc.

   

19,819

 

1,822,555

 

International Paper Co.

   

27,725

 

999,763

 

Linde PLC

   

38,431

 

13,659,915

 

LyondellBasell Industries NV, Cl. A

   

19,738

 

1,853,201

 

Martin Marietta Materials, Inc.

   

4,900

 

1,739,794

 

Newmont Corp.

   

62,195

 

3,048,799

 

Nucor Corp.

   

19,660

 

3,036,880

 

Packaging Corp. of America

   

7,501

 

1,041,364

 

PPG Industries, Inc.

   

18,293

 

2,443,579

 

Sealed Air Corp.

   

10,925

 

501,567

 

Steel Dynamics, Inc.

   

12,729

 

1,439,141

 

The Mosaic Company

   

26,695

 

1,224,767

 

The Sherwin-Williams Company

   

18,155

 

4,080,699

 

Vulcan Materials Co.

   

10,188

 

1,747,853

 

WestRock Co.

   

20,638

 

628,840

 
    

70,692,056

 

Media & Entertainment - 7.2%

     

Activision Blizzard, Inc.

   

55,452

a 

4,746,137

 

Alphabet, Inc., Cl. A

   

463,502

a 

48,079,062

 

Alphabet, Inc., Cl. C

   

405,343

a 

42,155,672

 

Charter Communications, Inc., Cl. A

   

8,418

a 

3,010,361

 

Comcast Corp., Cl. A

   

329,786

 

12,502,187

 

DISH Network Corp., Cl. A

   

19,954

a,b 

186,171

 

Electronic Arts, Inc.

   

20,238

 

2,437,667

 

Fox Corp., Cl. A

   

24,354

 

829,254

 

Fox Corp., Cl. B

   

10,639

 

333,107

 

Live Nation Entertainment, Inc.

   

10,512

a 

735,840

 

Match Group, Inc.

   

22,232

a 

853,486

 

Meta Platforms, Inc., Cl. A

   

173,421

a 

36,754,847

 

Netflix, Inc.

   

34,594

a 

11,951,535

 

News Corporation, Cl. A

   

29,712

 

513,126

 

News Corporation, Cl. B

   

9,399

 

163,825

 

Omnicom Group, Inc.

   

15,541

 

1,466,138

 

Paramount Global, Cl. B

   

40,076

b 

894,096

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 102.9% (continued)

     

Media & Entertainment - 7.2% (continued)

     

Take-Two Interactive Software, Inc.

   

12,004

a 

1,432,077

 

The Interpublic Group of Companies, Inc.

   

30,460

 

1,134,330

 

The Walt Disney Company

   

141,717

a 

14,190,123

 

Warner Bros Discovery, Inc.

   

170,780

a 

2,578,778

 
    

186,947,819

 

Pharmaceuticals Biotechnology & Life Sciences - 8.5%

     

AbbVie, Inc.

   

138,283

 

22,038,162

 

Agilent Technologies, Inc.

   

23,033

 

3,186,385

 

Amgen, Inc.

   

41,478

 

10,027,306

 

Biogen, Inc.

   

11,182

a 

3,108,931

 

Bio-Rad Laboratories, Inc., Cl. A

   

1,669

a 

799,484

 

Bio-Techne Corp.

   

11,768

 

873,068

 

Bristol-Myers Squibb Co.

   

165,279

 

11,455,487

 

Catalent, Inc.

   

14,373

a 

944,450

 

Charles River Laboratories International, Inc.

   

3,935

a 

794,162

 

Danaher Corp.

   

50,930

 

12,836,397

 

Eli Lilly & Co.

   

61,306

 

21,053,707

 

Gilead Sciences, Inc.

   

97,381

 

8,079,702

 

Illumina, Inc.

   

12,385

a 

2,880,132

 

Incyte Corp.

   

14,448

a 

1,044,157

 

IQVIA Holdings, Inc.

   

14,563

a 

2,896,435

 

Johnson & Johnson

   

204,197

 

31,650,535

 

Merck & Co., Inc.

   

197,091

 

20,968,511

 

Mettler-Toledo International, Inc.

   

1,729

a 

2,645,733

 

Moderna, Inc.

   

25,904

a 

3,978,336

 

Organon & Co.

   

19,047

 

447,985

 

PerkinElmer, Inc.

   

9,585

 

1,277,297

 

Pfizer, Inc.

   

438,275

 

17,881,620

 

Regeneron Pharmaceuticals, Inc.

   

8,292

a 

6,813,288

 

Thermo Fisher Scientific, Inc.

   

30,488

 

17,572,369

 

Vertex Pharmaceuticals, Inc.

   

19,854

a 

6,255,400

 

Viatris, Inc.

   

94,185

 

906,060

 

Waters Corp.

   

4,658

a 

1,442,257

 

West Pharmaceutical Services, Inc.

   

5,883

 

2,038,283

 

Zoetis, Inc.

   

36,060

 

6,001,826

 
    

221,897,465

 

Real Estate Management & Development - .1%

     

CBRE Group, Inc., Cl. A

   

24,772

a 

 1,803,649

 

Semiconductors & Semiconductor Equipment - 6.6%

     

Advanced Micro Devices, Inc.

   

125,338

a 

12,284,377

 

Analog Devices, Inc.

   

39,552

 

7,800,445

 

Applied Materials, Inc.

   

65,416

 

8,035,047

 

Broadcom, Inc.

   

32,544

 

20,878,278

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 102.9% (continued)

     

Semiconductors & Semiconductor Equipment - 6.6% (continued)

     

Enphase Energy, Inc.

   

10,709

a 

2,251,889

 

First Solar, Inc.

   

7,920

a 

1,722,600

 

Intel Corp.

   

320,816

 

10,481,059

 

KLA Corp.

   

10,772

 

4,299,859

 

Lam Research Corp.

   

10,536

 

5,585,344

 

Microchip Technology, Inc.

   

42,754

 

3,581,930

 

Micron Technology, Inc.

   

85,016

 

5,129,865

 

Monolithic Power Systems, Inc.

   

3,494

 

1,748,887

 

NVIDIA Corp.

   

191,651

 

53,234,898

 

NXP Semiconductors NV

   

20,282

 

3,782,086

 

ON Semiconductor Corp.

   

33,711

a 

2,775,090

 

Qorvo, Inc.

   

7,891

a 

801,489

 

Qualcomm, Inc.

   

87,142

 

11,117,576

 

Skyworks Solutions, Inc.

   

12,304

 

1,451,626

 

SolarEdge Technologies, Inc.

   

4,400

a 

1,337,380

 

Teradyne, Inc.

   

12,212

b 

1,312,912

 

Texas Instruments, Inc.

   

70,551

 

13,123,192

 
    

172,735,829

 

Software & Services - 11.0%

     

Accenture PLC, Cl. A

   

48,980

 

13,998,974

 

Adobe, Inc.

   

35,733

a 

13,770,426

 

Akamai Technologies, Inc.

   

12,149

a 

951,267

 

Ansys, Inc.

   

6,789

a 

2,259,379

 

Autodesk, Inc.

   

16,856

a 

3,508,745

 

Cadence Design Systems, Inc.

   

21,494

a 

4,515,674

 

Ceridian HCM Holding, Inc.

   

12,225

a 

895,114

 

Cognizant Technology Solutions Corp., Cl. A

   

39,658

 

2,416,362

 

DXC Technology Co.

   

17,969

a 

459,288

 

EPAM Systems, Inc.

   

4,511

a 

1,348,789

 

Fair Isaac Corp.

   

1,950

a 

1,370,245

 

Fortinet, Inc.

   

50,495

a 

3,355,898

 

Gartner, Inc.

   

6,196

a 

2,018,471

 

Gen Digital, Inc.

   

45,004

 

772,269

 

International Business Machines Corp.

   

70,283

 

9,213,398

 

Intuit, Inc.

   

21,909

 

9,767,689

 

Microsoft Corp.

   

580,254

 

167,287,228

 

Oracle Corp.

   

119,466

 

11,100,781

 

Paycom Software, Inc.

   

3,782

a 

1,149,766

 

PTC, Inc.

   

7,994

a 

1,025,071

 

Roper Technologies, Inc.

   

8,224

 

3,624,235

 

Salesforce, Inc.

   

77,736

a 

15,530,098

 

ServiceNow, Inc.

   

15,667

a 

7,280,768

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 102.9% (continued)

     

Software & Services - 11.0% (continued)

     

Synopsys, Inc.

   

11,887

a 

4,591,354

 

Tyler Technologies, Inc.

   

3,209

a 

1,138,040

 

Verisign, Inc.

   

7,231

a 

1,528,127

 
    

284,877,456

 

Technology Hardware & Equipment - 9.2%

     

Amphenol Corp., Cl. A

   

45,669

 

3,732,071

 

Apple, Inc.

   

1,159,031

 

191,124,212

 

Arista Networks, Inc.

   

19,430

a 

3,261,520

 

CDW Corp.

   

10,287

 

2,004,833

 

Cisco Systems, Inc.

   

321,631

 

16,813,261

 

Corning, Inc.

   

58,891

 

2,077,674

 

F5, Inc.

   

4,423

a 

644,387

 

Hewlett Packard Enterprise Co.

   

100,882

 

1,607,050

 

HP, Inc.

   

68,791

 

2,019,016

 

Juniper Networks, Inc.

   

24,841

 

855,027

 

Keysight Technologies, Inc.

   

14,018

a 

2,263,627

 

Motorola Solutions, Inc.

   

12,817

 

3,667,328

 

NetApp, Inc.

   

17,042

 

1,088,132

 

Seagate Technology Holdings PLC

   

14,788

b 

977,783

 

TE Connectivity Ltd.

   

24,939

 

3,270,750

 

Teledyne Technologies, Inc.

   

3,644

a 

1,630,180

 

Trimble, Inc.

   

18,657

a 

978,000

 

Western Digital Corp.

   

23,826

a 

897,525

 

Zebra Technologies Corp., Cl. A

   

4,012

a 

1,275,816

 
    

240,188,192

 

Telecommunication Services - 1.2%

     

AT&T, Inc.

   

554,024

 

10,664,962

 

T-Mobile US, Inc.

   

46,266

a 

6,701,167

 

Verizon Communications, Inc.

   

326,477

 

12,696,691

 
    

30,062,820

 

Transportation - 1.7%

     

Alaska Air Group, Inc.

   

9,367

a,b 

393,039

 

American Airlines Group, Inc.

   

50,066

a 

738,474

 

C.H. Robinson Worldwide, Inc.

   

8,843

 

878,729

 

CSX Corp.

   

164,836

 

4,935,190

 

Delta Air Lines, Inc.

   

50,184

a 

1,752,425

 

Expeditors International of Washington, Inc.

   

12,646

a 

1,392,578

 

FedEx Corp.

   

17,987

 

4,109,850

 

J.B. Hunt Transport Services, Inc.

   

6,542

 

1,147,859

 

Norfolk Southern Corp.

   

17,831

 

3,780,172

 

Old Dominion Freight Line, Inc.

   

6,980

 

2,379,063

 

Southwest Airlines Co.

   

46,719

 

1,520,236

 

Union Pacific Corp.

   

47,792

 

9,618,618

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 102.9% (continued)

     

Transportation - 1.7% (continued)

     

United Airlines Holdings, Inc.

   

25,858

a 

1,144,216

 

United Parcel Service, Inc., Cl. B

   

56,733

 

11,005,635

 
    

44,796,084

 

Utilities - 2.9%

     

Alliant Energy Corp.

   

19,357

 

1,033,664

 

Ameren Corp.

   

20,446

 

1,766,330

 

American Electric Power Co., Inc.

   

39,794

 

3,620,856

 

American Water Works Co., Inc.

   

15,591

 

2,283,926

 

Atmos Energy Corp.

   

10,784

 

1,211,690

 

CenterPoint Energy, Inc.

   

50,093

 

1,475,740

 

CMS Energy Corp.

   

22,562

 

1,384,856

 

Consolidated Edison, Inc.

   

27,352

 

2,616,766

 

Constellation Energy Corp.

   

25,041

 

1,965,718

 

Dominion Energy, Inc.

   

64,901

 

3,628,615

 

DTE Energy Co.

   

15,190

 

1,663,913

 

Duke Energy Corp.

   

59,573

 

5,747,007

 

Edison International

   

29,202

 

2,061,369

 

Entergy Corp.

   

15,698

 

1,691,303

 

Evergy, Inc.

   

17,768

 

1,085,980

 

Eversource Energy

   

27,127

 

2,122,959

 

Exelon Corp.

   

76,055

 

3,185,944

 

FirstEnergy Corp.

   

42,405

 

1,698,744

 

NextEra Energy, Inc.

   

154,474

 

11,906,856

 

NiSource, Inc.

   

30,322

 

847,803

 

NRG Energy, Inc.

   

18,788

 

644,241

 

PG&E Corp.

   

123,634

a,b 

1,999,162

 

Pinnacle West Capital Corp.

   

8,714

 

690,497

 

PPL Corp.

   

56,327

 

1,565,327

 

Public Service Enterprise Group, Inc.

   

38,908

 

2,429,805

 

Sempra Energy

   

24,511

 

3,705,083

 

The AES Corp.

   

52,964

 

1,275,373

 

The Southern Company

   

85,356

 

5,939,070

 

WEC Energy Group, Inc.

   

24,899

 

2,360,176

 

Xcel Energy, Inc.

   

42,906

 

2,893,581

 
    

76,502,354

 

Total Common Stocks (cost $692,579,081)

   

2,675,648,769

 
  

1-Day
Yield (%)

     

Investment Companies - 1.2%

     

Registered Investment Companies - 1.2%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares
(cost $31,481,404)

 

4.89

 

31,481,404

d 

 31,481,404

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 
        

Investment of Cash Collateral for Securities Loaned - .1%

     

Registered Investment Companies - .1%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund, SL Shares
(cost $1,782,157)

 

4.89

 

1,782,157

d 

 1,782,157

 

Total Investments (cost $725,842,642)

 

104.2%

 

2,708,912,330

 

Liabilities, Less Cash and Receivables

 

(4.2%)

 

(109,807,958)

 

Net Assets

 

100.0%

 

2,599,104,372

 

a Non-income producing security.

b Security, or portion thereof, on loan. At March 31, 2023, the value of the fund’s securities on loan was $37,403,134 and the value of the collateral was $37,655,163, consisting of cash collateral of $1,782,157 and U.S. Government & Agency securities valued at $35,873,006. 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 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 Stock Index Fund, Inc.

March 31, 2023 (Unaudited)

       

Futures

   

Description

Number of
Contracts

Expiration

Notional
Value ($)

Market
Value ($)

Unrealized Appreciation ($)

 

Futures Long

  

Standard & Poor's 500 E-mini

173

6/16/2023

33,795,187

35,791,538

1,996,351

 

Gross Unrealized Appreciation

 

1,996,351

 

See notes to financial statements.


STATEMENT OF INVESTMENTS
BNY Mellon Stock Index Fund, Inc.

March 31, 2023 (Unaudited)

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

2,675,648,769

-

 

-

2,675,648,769

 

Investment Companies

33,263,561

-

 

-

33,263,561

 

Other Financial Instruments:

  

Futures††

1,996,351

-

 

-

1,996,351

 

 See Statement of Investments for additional detailed categorizations, if any.

†† Amount shown represents unrealized appreciation (depreciation) at period end.


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 fund’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.

Financial futures, which are traded on an exchange, are valued at the last sales price on the securities exchange on which such securities are primarily traded or at the last sales price on the national securities market on each business day and are generally categorized within Level 1 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.

Derivatives: A derivative is a financial instrument whose performance is derived from the performance of another asset. Each type of derivative instrument that was held by the fund at March 31, 2023 is discussed below.

Futures: In the normal course of pursuing its investment objective, the fund is exposed to market risk, including interest rate risk as a result of changes in value of underlying financial instruments. The fund invests in futures in order to manage its exposure to or protect against changes in the market. A futures contract represents a commitment for the future purchase or a sale of an asset at a specified date. Upon entering into such contracts, these investments require initial margin deposits with a counterparty, which consist of cash or cash equivalents. The amount of these deposits is determined by the exchange or Board of Trade on which the contract is traded and is subject to change. Accordingly, variation margin payments are received or made to reflect daily unrealized gains or losses which are recorded in the Statement of Operations. When the contracts are closed, the fund recognizes a realized gain or loss which is reflected in the Statement of Operations. There is minimal counterparty credit risk to the fund with futures since they are exchange traded, and the exchange guarantees the futures against default.

At March 31, 2023, accumulated net unrealized appreciation on investments was $1,983,069,688, consisting of $2,019,688,309 gross unrealized appreciation and $36,618,621 gross unrealized depreciation.

At March 31, 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.