STATEMENT
OF INVESTMENTS
BNY Mellon S&P 500 Index Fund
January 31, 2023 (Unaudited)
Description | Shares | Value ($) | |||||
Common Stocks - 99.1% | |||||||
Automobiles & Components - 1.8% | |||||||
Aptiv PLC | 15,727 | a | 1,778,566 | ||||
BorgWarner, Inc. | 13,420 | 634,498 | |||||
Ford Motor Co. | 225,952 | 3,052,612 | |||||
General Motors Co. | 82,239 | 3,233,637 | |||||
Tesla, Inc. | 153,997 | a | 26,675,360 | ||||
35,374,673 | |||||||
Banks - 3.9% | |||||||
Bank of America Corp. | 400,444 | 14,207,753 | |||||
Citigroup, Inc. | 110,835 | 5,787,804 | |||||
Citizens Financial Group, Inc. | 28,146 | 1,219,285 | |||||
Comerica, Inc. | 7,275 | 533,330 | |||||
Fifth Third Bancorp | 39,658 | 1,439,189 | |||||
First Republic Bank | 10,589 | 1,491,778 | |||||
Huntington Bancshares, Inc. | 83,822 | 1,271,580 | |||||
JPMorgan Chase & Co. | 168,290 | 23,553,868 | |||||
KeyCorp | 52,515 | 1,007,763 | |||||
M&T Bank Corp. | 9,920 | 1,547,520 | |||||
Regions Financial Corp. | 53,860 | 1,267,864 | |||||
Signature Bank | 3,540 | 456,483 | |||||
SVB Financial Group | 3,439 | a | 1,040,091 | ||||
The PNC Financial Services Group, Inc. | 23,324 | 3,858,489 | |||||
Truist Financial Corp. | 76,062 | 3,756,702 | |||||
U.S. Bancorp | 77,028 | 3,835,994 | |||||
Wells Fargo & Co. | 218,624 | 10,246,907 | |||||
Zions Bancorp NA | 8,354 | 444,099 | |||||
76,966,499 | |||||||
Capital Goods - 5.8% | |||||||
3M Co. | 31,917 | 3,673,008 | |||||
A.O. Smith Corp. | 7,659 | 518,514 | |||||
Allegion PLC | 4,919 | 578,228 | |||||
AMETEK, Inc. | 13,027 | 1,887,873 | |||||
Carrier Global Corp. | 47,301 | 2,153,615 | |||||
Caterpillar, Inc. | 29,858 | 7,532,875 | |||||
Cummins, Inc. | 8,017 | 2,000,562 | |||||
Deere & Co. | 15,753 | 6,660,999 | |||||
Dover Corp. | 8,244 | 1,251,687 | |||||
Eaton Corp. | 22,721 | 3,685,573 | |||||
Emerson Electric Co. | 33,899 | 3,058,368 | |||||
Fastenal Co. | 33,353 | 1,685,994 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||
Common Stocks - 99.1% (continued) | |||||||
Capital Goods - 5.8% (continued) | |||||||
Fortive Corp. | 20,637 | 1,403,935 | |||||
Generac Holdings, Inc. | 3,844 | a | 463,586 | ||||
General Dynamics Corp. | 12,883 | 3,002,512 | |||||
General Electric Co. | 62,438 | 5,025,010 | |||||
Honeywell International, Inc. | 38,574 | 8,041,908 | |||||
Howmet Aerospace, Inc. | 20,890 | 850,014 | |||||
Huntington Ingalls Industries, Inc. | 2,391 | 527,311 | |||||
IDEX Corp. | 4,311 | 1,033,260 | |||||
Illinois Tool Works, Inc. | 15,917 | 3,757,049 | |||||
Ingersoll Rand, Inc. | 23,236 | 1,301,216 | |||||
Johnson Controls International PLC | 39,449 | 2,744,467 | |||||
L3Harris Technologies, Inc. | 10,922 | 2,346,264 | |||||
Lockheed Martin Corp. | 13,365 | 6,191,470 | |||||
Masco Corp. | 13,253 | 705,060 | |||||
Nordson Corp. | 3,004 | 730,873 | |||||
Northrop Grumman Corp. | 8,328 | 3,731,277 | |||||
Otis Worldwide Corp. | 23,788 | 1,956,087 | |||||
PACCAR, Inc. | 19,904 | 2,175,706 | |||||
Parker-Hannifin Corp. | 7,350 | 2,396,100 | |||||
Pentair PLC | 9,594 | 531,316 | |||||
Quanta Services, Inc. | 8,154 | 1,240,957 | |||||
Raytheon Technologies Corp. | 84,343 | 8,421,649 | |||||
Rockwell Automation, Inc. | 6,538 | 1,843,912 | |||||
Snap-on, Inc. | 2,953 | 734,500 | |||||
Stanley Black & Decker, Inc. | 8,777 | 783,874 | |||||
Textron, Inc. | 11,757 | 856,497 | |||||
The Boeing Company | 32,123 | a | 6,842,199 | ||||
Trane Technologies PLC | 13,161 | 2,357,398 | |||||
TransDigm Group, Inc. | 2,951 | a | 2,118,080 | ||||
United Rentals, Inc. | 4,041 | 1,781,879 | |||||
W.W. Grainger, Inc. | 2,602 | 1,533,827 | |||||
Westinghouse Air Brake Technologies Corp. | 10,342 | 1,073,603 | |||||
Xylem, Inc. | 10,410 | 1,082,744 | |||||
114,272,836 | |||||||
Commercial & Professional Services - .8% | |||||||
Cintas Corp. | 4,981 | 2,210,269 | |||||
Copart, Inc. | 24,606 | a | 1,639,006 | ||||
CoStar Group, Inc. | 23,298 | a | 1,814,914 | ||||
Equifax, Inc. | 6,958 | 1,546,068 | |||||
Jacobs Solutions, Inc. | 7,392 | 913,282 | |||||
Leidos Holdings, Inc. | 7,788 | 769,766 | |||||
Republic Services, Inc. | 11,728 | 1,463,889 | |||||
Robert Half International, Inc. | 6,500 | 545,740 |
Description | Shares | Value ($) | |||||
Common Stocks - 99.1% (continued) | |||||||
Commercial & Professional Services - .8% (continued) | |||||||
Rollins, Inc. | 13,215 | 481,026 | |||||
Verisk Analytics, Inc. | 8,971 | 1,630,838 | |||||
Waste Management, Inc. | 21,382 | 3,308,437 | |||||
16,323,235 | |||||||
Consumer Durables & Apparel - .9% | |||||||
D.R. Horton, Inc. | 17,689 | 1,745,727 | |||||
Garmin Ltd. | 8,944 | 884,383 | |||||
Hasbro, Inc. | 7,493 | 443,361 | |||||
Lennar Corp., Cl. A | 14,819 | 1,517,466 | |||||
Mohawk Industries, Inc. | 2,847 | a | 341,811 | ||||
Newell Brands, Inc. | 19,922 | b | 317,955 | ||||
NIKE, Inc., Cl. B | 72,273 | 9,202,521 | |||||
NVR, Inc. | 169 | a | 890,630 | ||||
PulteGroup, Inc. | 12,848 | 730,923 | |||||
Ralph Lauren Corp. | 2,448 | b | 303,185 | ||||
Tapestry, Inc. | 13,298 | 605,990 | |||||
VF Corp. | 19,505 | 603,485 | |||||
Whirlpool Corp. | 3,044 | 473,616 | |||||
18,061,053 | |||||||
Consumer Services - 2.1% | |||||||
Booking Holdings, Inc. | 2,243 | a | 5,459,686 | ||||
Caesars Entertainment, Inc. | 12,568 | a | 654,290 | ||||
Carnival Corp. | 55,187 | a,b | 597,123 | ||||
Chipotle Mexican Grill, Inc. | 1,578 | a | 2,597,988 | ||||
Darden Restaurants, Inc. | 7,122 | 1,053,842 | |||||
Domino's Pizza, Inc. | 2,008 | 708,824 | |||||
Expedia Group, Inc. | 8,394 | a | 959,434 | ||||
Hilton Worldwide Holdings, Inc. | 15,423 | 2,237,723 | |||||
Las Vegas Sands Corp. | 18,683 | a | 1,102,297 | ||||
Marriott International, Inc., Cl. A | 15,559 | 2,710,067 | |||||
McDonald's Corp. | 42,022 | 11,236,683 | |||||
MGM Resorts International | 18,720 | 775,195 | |||||
Norwegian Cruise Line Holdings Ltd. | 23,855 | a | 362,835 | ||||
Royal Caribbean Cruises Ltd. | 12,441 | a | 807,919 | ||||
Starbucks Corp. | 65,860 | 7,187,960 | |||||
Wynn Resorts Ltd. | 5,843 | a,b | 605,569 | ||||
Yum! Brands, Inc. | 16,204 | 2,114,784 | |||||
41,172,219 | |||||||
Diversified Financials - 5.4% | |||||||
American Express Co. | 34,297 | 5,999,574 | |||||
Ameriprise Financial, Inc. | 6,122 | 2,143,435 | |||||
Berkshire Hathaway, Inc., Cl. B | 103,372 | a | 32,202,445 | ||||
BlackRock, Inc. | 8,611 | 6,537,557 | |||||
Capital One Financial Corp. | 21,955 | 2,612,645 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||
Common Stocks - 99.1% (continued) | |||||||
Diversified Financials - 5.4% (continued) | |||||||
Cboe Global Markets, Inc. | 6,064 | 745,144 | |||||
CME Group, Inc. | 20,631 | 3,644,672 | |||||
Discover Financial Services | 15,772 | 1,841,066 | |||||
FactSet Research Systems, Inc. | 2,139 | 904,669 | |||||
Franklin Resources, Inc. | 15,386 | b | 480,043 | ||||
Intercontinental Exchange, Inc. | 31,941 | 3,435,255 | |||||
Invesco Ltd. | 24,999 | 462,731 | |||||
MarketAxess Holdings, Inc. | 2,090 | 760,447 | |||||
Moody's Corp. | 9,075 | 2,928,956 | |||||
Morgan Stanley | 75,600 | 7,358,148 | |||||
MSCI, Inc. | 4,560 | 2,423,914 | |||||
Nasdaq, Inc. | 19,316 | 1,162,630 | |||||
Northern Trust Corp. | 11,726 | 1,137,070 | |||||
Raymond James Financial, Inc. | 11,022 | 1,242,951 | |||||
S&P Global, Inc. | 19,097 | 7,160,229 | |||||
State Street Corp. | 21,075 | 1,924,780 | |||||
Synchrony Financial | 26,054 | 956,963 | |||||
T. Rowe Price Group, Inc. | 12,662 | 1,474,743 | |||||
The Bank of New York Mellon Corp. | 42,607 | 2,154,636 | |||||
The Charles Schwab Corp. | 87,513 | 6,775,256 | |||||
The Goldman Sachs Group, Inc. | 19,425 | 7,105,859 | |||||
105,575,818 | |||||||
Energy - 5.0% | |||||||
APA Corp. | 19,040 | 844,043 | |||||
Baker Hughes Co. | 57,914 | 1,838,190 | |||||
Chevron Corp. | 102,066 | 17,761,525 | |||||
ConocoPhillips | 71,492 | 8,712,730 | |||||
Coterra Energy, Inc. | 44,375 | 1,110,706 | |||||
Devon Energy Corp. | 37,186 | 2,351,643 | |||||
Diamondback Energy, Inc. | 9,974 | 1,457,401 | |||||
EOG Resources, Inc. | 33,968 | 4,492,268 | |||||
EQT Corp. | 21,380 | 698,485 | |||||
Exxon Mobil Corp. | 236,283 | 27,411,191 | |||||
Halliburton Co. | 51,810 | 2,135,608 | |||||
Hess Corp. | 15,874 | 2,383,640 | |||||
Kinder Morgan, Inc. | 112,649 | 2,061,477 | |||||
Marathon Oil Corp. | 36,144 | 992,876 | |||||
Marathon Petroleum Corp. | 26,725 | 3,434,697 | |||||
Occidental Petroleum Corp. | 41,589 | 2,694,551 | |||||
ONEOK, Inc. | 25,809 | 1,767,400 | |||||
Phillips 66 | 27,332 | 2,740,580 | |||||
Pioneer Natural Resources Co. | 13,660 | 3,146,581 | |||||
Schlumberger Ltd. | 81,777 | 4,659,653 | |||||
Targa Resources Corp. | 12,747 | 956,280 |
Description | Shares | Value ($) | |||||
Common Stocks - 99.1% (continued) | |||||||
Energy - 5.0% (continued) | |||||||
The Williams Companies, Inc. | 70,436 | 2,270,857 | |||||
Valero Energy Corp. | 22,022 | 3,083,741 | |||||
99,006,123 | |||||||
Food & Staples Retailing - 1.5% | |||||||
Costco Wholesale Corp. | 25,394 | 12,979,889 | |||||
Sysco Corp. | 29,028 | 2,248,509 | |||||
The Kroger Company | 36,902 | 1,646,936 | |||||
Walgreens Boots Alliance, Inc. | 41,243 | 1,520,217 | |||||
Walmart, Inc. | 80,978 | 11,650,305 | |||||
30,045,856 | |||||||
Food, Beverage & Tobacco - 3.5% | |||||||
Altria Group, Inc. | 102,175 | 4,601,962 | |||||
Archer-Daniels-Midland Co. | 31,698 | 2,626,179 | |||||
Brown-Forman Corp., Cl. B | 10,814 | 719,996 | |||||
Campbell Soup Co. | 11,789 | 612,203 | |||||
Conagra Brands, Inc. | 27,739 | 1,031,613 | |||||
Constellation Brands, Inc., Cl. A | 9,293 | 2,151,515 | |||||
General Mills, Inc. | 33,930 | 2,658,755 | |||||
Hormel Foods Corp. | 16,907 | 766,056 | |||||
Kellogg Co. | 14,717 | 1,009,292 | |||||
Keurig Dr. Pepper, Inc. | 49,373 | 1,741,879 | |||||
Lamb Weston Holdings, Inc. | 8,173 | 816,401 | |||||
McCormick & Co. | 14,687 | 1,103,287 | |||||
Molson Coors Beverage Co., Cl. B | 11,017 | 579,274 | |||||
Mondelez International, Inc., Cl. A | 78,134 | 5,113,089 | |||||
Monster Beverage Corp. | 21,845 | a | 2,273,628 | ||||
PepsiCo, Inc. | 79,045 | 13,518,276 | |||||
Philip Morris International, Inc. | 88,941 | 9,271,210 | |||||
The Coca-Cola Company | 223,304 | 13,693,001 | |||||
The Hershey Company | 8,403 | 1,887,314 | |||||
The J.M. Smucker Company | 6,262 | 956,834 | |||||
The Kraft Heinz Company | 45,045 | 1,825,674 | |||||
Tyson Foods, Inc., Cl. A | 16,292 | 1,071,199 | |||||
70,028,637 | |||||||
Health Care Equipment & Services - 6.1% | |||||||
Abbott Laboratories | 100,036 | 11,058,980 | |||||
Align Technology, Inc. | 4,271 | a | 1,152,017 | ||||
AmerisourceBergen Corp. | 9,193 | 1,553,249 | |||||
Baxter International, Inc. | 29,491 | 1,347,444 | |||||
Becton, Dickinson and Co. | 16,271 | 4,103,872 | |||||
Boston Scientific Corp. | 81,795 | a | 3,783,019 | ||||
Cardinal Health, Inc. | 14,818 | 1,144,690 | |||||
Centene Corp. | 32,746 | a | 2,496,555 | ||||
Cigna Corp. | 17,542 | 5,555,025 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||
Common Stocks - 99.1% (continued) | |||||||
Health Care Equipment & Services - 6.1% (continued) | |||||||
CVS Health Corp. | 75,252 | 6,638,731 | |||||
DaVita, Inc. | 3,169 | a | 261,094 | ||||
Dentsply Sirona, Inc. | 12,936 | 476,433 | |||||
DexCom, Inc. | 22,162 | a | 2,373,329 | ||||
Edwards Lifesciences Corp. | 35,398 | a | 2,715,027 | ||||
Elevance Health, Inc. | 13,691 | 6,845,363 | |||||
GE HealthCare Technologies, Inc. | 21,062 | a,b | 1,464,230 | ||||
HCA Healthcare, Inc. | 12,238 | 3,121,547 | |||||
Henry Schein, Inc. | 7,726 | a | 665,595 | ||||
Hologic, Inc. | 14,117 | a | 1,148,700 | ||||
Humana, Inc. | 7,227 | 3,698,056 | |||||
IDEXX Laboratories, Inc. | 4,812 | a | 2,312,166 | ||||
Intuitive Surgical, Inc. | 20,227 | a | 4,969,572 | ||||
Laboratory Corp. of America Holdings | 4,999 | 1,260,348 | |||||
McKesson Corp. | 8,200 | 3,105,176 | |||||
Medtronic PLC | 76,696 | 6,418,688 | |||||
Molina Healthcare, Inc. | 3,329 | a | 1,038,082 | ||||
Quest Diagnostics, Inc. | 6,748 | 1,001,943 | |||||
ResMed, Inc. | 8,498 | 1,940,688 | |||||
Steris PLC | 5,694 | 1,175,868 | |||||
Stryker Corp. | 19,431 | 4,931,782 | |||||
Teleflex, Inc. | 2,731 | 664,780 | |||||
The Cooper Companies | 2,763 | 964,094 | |||||
UnitedHealth Group, Inc. | 53,607 | 26,760,078 | |||||
Universal Health Services, Inc., Cl. B | 3,821 | 566,310 | |||||
Zimmer Biomet Holdings, Inc. | 12,086 | 1,539,031 | |||||
120,251,562 | |||||||
Household & Personal Products - 1.6% | |||||||
Church & Dwight Co. | 13,907 | 1,124,520 | |||||
Colgate-Palmolive Co. | 48,127 | 3,586,905 | |||||
Kimberly-Clark Corp. | 19,389 | 2,520,764 | |||||
The Clorox Company | 7,221 | 1,044,806 | |||||
The Estee Lauder Companies, Cl. A | 13,202 | 3,658,010 | |||||
The Procter & Gamble Company | 135,959 | 19,357,842 | |||||
31,292,847 | |||||||
Insurance - 2.4% | |||||||
Aflac, Inc. | 32,721 | 2,404,993 | |||||
American International Group, Inc. | 42,966 | 2,716,311 | |||||
Aon PLC, Cl. A | 11,962 | 3,812,050 | |||||
Arch Capital Group Ltd. | 21,679 | a | 1,395,044 | ||||
Arthur J. Gallagher & Co. | 12,114 | 2,370,952 | |||||
Assurant, Inc. | 3,051 | 404,532 | |||||
Brown & Brown, Inc. | 13,451 | 787,691 | |||||
Chubb Ltd. | 23,750 | 5,402,887 |
Description | Shares | Value ($) | |||||
Common Stocks - 99.1% (continued) | |||||||
Insurance - 2.4% (continued) | |||||||
Cincinnati Financial Corp. | 9,147 | 1,034,983 | |||||
Everest Re Group Ltd. | 2,183 | 763,373 | |||||
Globe Life, Inc. | 5,046 | 609,809 | |||||
Lincoln National Corp. | 9,397 | 332,936 | |||||
Loews Corp. | 11,133 | 684,457 | |||||
Marsh & McLennan Cos. | 28,639 | 5,009,247 | |||||
MetLife, Inc. | 38,113 | 2,783,011 | |||||
Principal Financial Group, Inc. | 13,159 | 1,217,865 | |||||
Prudential Financial, Inc. | 21,281 | 2,233,228 | |||||
The Allstate Corp. | 15,337 | 1,970,344 | |||||
The Hartford Financial Services Group, Inc. | 18,235 | 1,415,218 | |||||
The Progressive Corp. | 33,568 | 4,576,997 | |||||
The Travelers Companies, Inc. | 13,497 | 2,579,547 | |||||
W.R. Berkley Corp. | 11,675 | 818,885 | |||||
Willis Towers Watson PLC | 6,171 | 1,568,606 | |||||
46,892,966 | |||||||
Materials - 2.8% | |||||||
Air Products & Chemicals, Inc. | 12,718 | 4,076,246 | |||||
Albemarle Corp. | 6,682 | 1,880,649 | |||||
Amcor PLC | 85,161 | 1,027,042 | |||||
Avery Dennison Corp. | 4,785 | 906,470 | |||||
Ball Corp. | 18,753 | 1,092,175 | |||||
Celanese Corp. | 5,858 | a | 721,706 | ||||
CF Industries Holdings, Inc. | 11,142 | 943,727 | |||||
Corteva, Inc. | 40,644 | 2,619,506 | |||||
Dow, Inc. | 40,698 | 2,415,426 | |||||
DuPont de Nemours, Inc. | 28,345 | 2,096,113 | |||||
Eastman Chemical Co. | 6,811 | 600,526 | |||||
Ecolab, Inc. | 14,238 | 2,204,470 | |||||
FMC Corp. | 7,252 | 965,459 | |||||
Freeport-McMoRan, Inc. | 82,206 | 3,668,032 | |||||
International Flavors & Fragrances, Inc. | 14,465 | 1,626,734 | |||||
International Paper Co. | 20,169 | 843,468 | |||||
Linde PLC | 28,365 | 9,387,113 | |||||
LyondellBasell Industries NV, Cl. A | 14,480 | 1,400,071 | |||||
Martin Marietta Materials, Inc. | 3,619 | 1,301,537 | |||||
Newmont Corp. | 45,480 | 2,407,256 | |||||
Nucor Corp. | 14,836 | 2,507,581 | |||||
Packaging Corp. of America | 5,194 | 741,184 | |||||
PPG Industries, Inc. | 13,648 | 1,778,880 | |||||
Sealed Air Corp. | 7,853 | 430,030 | |||||
Steel Dynamics, Inc. | 8,731 | 1,053,308 | |||||
The Mosaic Company | 20,290 | 1,005,167 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||
Common Stocks - 99.1% (continued) | |||||||
Materials - 2.8% (continued) | |||||||
The Sherwin-Williams Company | 13,627 | 3,224,012 | |||||
Vulcan Materials Co. | 7,766 | 1,423,741 | |||||
WestRock Co. | 13,947 | 547,280 | |||||
54,894,909 | |||||||
Media & Entertainment - 6.6% | |||||||
Activision Blizzard, Inc. | 40,815 | a | 3,125,205 | ||||
Alphabet, Inc., Cl. A | 342,696 | a | 33,872,073 | ||||
Alphabet, Inc., Cl. C | 303,786 | a | 30,339,108 | ||||
Charter Communications, Inc., Cl. A | 6,212 | a | 2,387,334 | ||||
Comcast Corp., Cl. A | 247,510 | 9,739,518 | |||||
DISH Network Corp., Cl. A | 15,713 | a | 226,110 | ||||
Electronic Arts, Inc. | 14,838 | 1,909,354 | |||||
Fox Corp., Cl. A | 18,108 | a | 614,586 | ||||
Fox Corp., Cl. B | 8,667 | a | 274,744 | ||||
Live Nation Entertainment, Inc. | 8,270 | a | 665,652 | ||||
Match Group, Inc. | 16,582 | a | 897,418 | ||||
Meta Platforms, Inc., Cl. A | 129,016 | a | 19,219,514 | ||||
Netflix, Inc. | 25,533 | a | 9,035,107 | ||||
News Corporation, Cl. A | 23,170 | a | 469,424 | ||||
News Corporation, Cl. B | 5,460 | a | 111,602 | ||||
Omnicom Group, Inc. | 11,453 | 984,843 | |||||
Paramount Global, Cl. B | 29,711 | b | 688,107 | ||||
Take-Two Interactive Software, Inc. | 8,994 | a | 1,018,391 | ||||
The Interpublic Group of Companies | 22,301 | 813,094 | |||||
The Walt Disney Company | 104,596 | a | 11,347,620 | ||||
Warner Bros Discovery, Inc. | 123,866 | a | 1,835,694 | ||||
129,574,498 | |||||||
Pharmaceuticals Biotechnology & Life Sciences - 8.4% | |||||||
AbbVie, Inc. | 101,465 | 14,991,454 | |||||
Agilent Technologies, Inc. | 16,869 | 2,565,438 | |||||
Amgen, Inc. | 30,614 | 7,726,974 | |||||
Biogen, Inc. | 8,212 | a | 2,388,871 | ||||
Bio-Rad Laboratories Inc., Cl. A | 1,294 | a | 604,893 | ||||
Bio-Techne Corp. | 8,864 | 706,106 | |||||
Bristol-Myers Squibb Co. | 121,987 | 8,862,356 | |||||
Catalent, Inc. | 10,332 | a | 553,279 | ||||
Charles River Laboratories International, Inc. | 2,798 | a | 680,614 | ||||
Danaher Corp. | 37,590 | 9,938,044 | |||||
Eli Lilly & Co. | 45,248 | 15,572,099 | |||||
Gilead Sciences, Inc. | 71,884 | 6,033,943 | |||||
Illumina, Inc. | 8,916 | a | 1,909,807 | ||||
Incyte Corp. | 10,510 | a | 894,821 | ||||
IQVIA Holdings, Inc. | 10,592 | a | 2,429,911 |
Description | Shares | Value ($) | |||||
Common Stocks - 99.1% (continued) | |||||||
Pharmaceuticals Biotechnology & Life Sciences - 8.4% (continued) | |||||||
Johnson & Johnson | 150,004 | 24,513,654 | |||||
Merck & Co., Inc. | 145,466 | 15,624,503 | |||||
Mettler-Toledo International, Inc. | 1,299 | a | 1,991,263 | ||||
Moderna, Inc. | 19,046 | a | 3,353,239 | ||||
Organon & Co. | 14,390 | 433,571 | |||||
PerkinElmer, Inc. | 7,217 | 992,554 | |||||
Pfizer, Inc. | 322,059 | 14,222,125 | |||||
Regeneron Pharmaceuticals, Inc. | 6,143 | a | 4,659,281 | ||||
Thermo Fisher Scientific, Inc. | 22,502 | 12,833,566 | |||||
Vertex Pharmaceuticals, Inc. | 14,681 | a | 4,743,431 | ||||
Viatris, Inc. | 67,183 | 816,945 | |||||
Waters Corp. | 3,400 | a | 1,117,172 | ||||
West Pharmaceutical Services, Inc. | 4,285 | 1,138,096 | |||||
Zoetis, Inc. | 26,587 | 4,399,883 | |||||
166,697,893 | |||||||
Real Estate - 2.8% | |||||||
Alexandria Real Estate Equities, Inc. | 8,548 | c | 1,374,006 | ||||
American Tower Corp. | 26,630 | c | 5,948,876 | ||||
AvalonBay Communities, Inc. | 7,952 | c | 1,411,003 | ||||
Boston Properties, Inc. | 8,556 | c | 637,764 | ||||
Camden Property Trust | 6,185 | c | 762,054 | ||||
CBRE Group, Inc., Cl. A | 17,886 | a | 1,529,432 | ||||
Crown Castle, Inc. | 24,821 | c | 3,676,238 | ||||
Digital Realty Trust, Inc. | 16,456 | c | 1,886,187 | ||||
Equinix, Inc. | 5,269 | c | 3,889,207 | ||||
Equity Residential | 19,619 | c | 1,248,749 | ||||
Essex Property Trust, Inc. | 3,784 | c | 855,449 | ||||
Extra Space Storage, Inc. | 7,657 | c | 1,208,504 | ||||
Federal Realty Investment Trust | 4,235 | c | 472,330 | ||||
Healthpeak Properties, Inc. | 30,864 | c | 848,143 | ||||
Host Hotels & Resorts, Inc. | 41,345 | c | 779,353 | ||||
Invitation Homes, Inc. | 33,887 | c | 1,101,327 | ||||
Iron Mountain, Inc. | 17,157 | c | 936,429 | ||||
Kimco Realty Corp. | 35,531 | c | 798,026 | ||||
Mid-America Apartment Communities, Inc. | 6,484 | c | 1,081,012 | ||||
Prologis, Inc. | 52,894 | c | 6,838,136 | ||||
Public Storage | 9,071 | c | 2,760,668 | ||||
Realty Income Corp. | 36,292 | c | 2,461,686 | ||||
Regency Centers Corp. | 8,808 | c | 586,877 | ||||
SBA Communications Corp. | 6,183 | c | 1,839,628 | ||||
Simon Property Group, Inc. | 18,583 | c | 2,387,172 | ||||
UDR, Inc. | 17,484 | c | 744,644 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||
Common Stocks - 99.1% (continued) | |||||||
Real Estate - 2.8% (continued) | |||||||
Ventas, Inc. | 23,077 | c | 1,195,619 | ||||
VICI Properties, Inc. | 54,795 | c | 1,872,893 | ||||
Welltower, Inc. | 27,277 | c | 2,046,866 | ||||
Weyerhaeuser Co. | 42,562 | c | 1,465,410 | ||||
54,643,688 | |||||||
Retailing - 5.7% | |||||||
Advance Auto Parts, Inc. | 3,494 | 532,066 | |||||
Amazon.com, Inc. | 509,220 | a | 52,515,859 | ||||
AutoZone, Inc. | 1,094 | a | 2,668,102 | ||||
Bath & Body Works, Inc. | 12,599 | 579,680 | |||||
Best Buy Co. | 11,327 | 1,004,931 | |||||
CarMax, Inc. | 8,875 | a,b | 625,244 | ||||
Dollar General Corp. | 13,045 | 3,047,312 | |||||
Dollar Tree, Inc. | 12,093 | a | 1,816,127 | ||||
eBay, Inc. | 30,661 | 1,517,719 | |||||
Etsy, Inc. | 7,067 | a | 972,278 | ||||
Genuine Parts Co. | 8,019 | 1,345,749 | |||||
LKQ Corp. | 14,809 | 873,139 | |||||
Lowe's Cos. | 35,612 | 7,416,199 | |||||
O'Reilly Automotive, Inc. | 3,606 | a | 2,857,214 | ||||
Pool Corp. | 2,278 | 878,420 | |||||
Ross Stores, Inc. | 20,127 | 2,378,810 | |||||
Target Corp. | 26,617 | 4,581,850 | |||||
The Home Depot, Inc. | 58,735 | 19,040,125 | |||||
The TJX Companies | 66,458 | 5,440,252 | |||||
Tractor Supply Co. | 6,264 | 1,428,129 | |||||
Ulta Beauty, Inc. | 2,961 | a | 1,521,836 | ||||
113,041,041 | |||||||
Semiconductors & Semiconductor Equipment - 5.5% | |||||||
Advanced Micro Devices, Inc. | 93,117 | a | 6,997,743 | ||||
Analog Devices, Inc. | 29,410 | 5,042,933 | |||||
Applied Materials, Inc. | 49,228 | 5,488,430 | |||||
Broadcom, Inc. | 23,237 | 13,593,877 | |||||
Enphase Energy, Inc. | 7,886 | a | 1,745,803 | ||||
First Solar, Inc. | 5,562 | a | 987,811 | ||||
Intel Corp. | 236,743 | 6,690,357 | |||||
KLA Corp. | 8,144 | 3,196,357 | |||||
Lam Research Corp. | 7,784 | 3,892,778 | |||||
Microchip Technology, Inc. | 31,781 | 2,466,841 | |||||
Micron Technology, Inc. | 62,359 | 3,760,248 | |||||
Monolithic Power Systems, Inc. | 2,560 | 1,091,994 | |||||
NVIDIA Corp. | 142,862 | 27,910,949 | |||||
NXP Semiconductors NV | 14,799 | 2,727,604 | |||||
ON Semiconductor Corp. | 25,254 | a | 1,854,906 |
Description | Shares | Value ($) | |||||
Common Stocks - 99.1% (continued) | |||||||
Semiconductors & Semiconductor Equipment - 5.5% (continued) | |||||||
Qorvo, Inc. | 5,630 | a | 611,756 | ||||
Qualcomm, Inc. | 64,316 | 8,567,534 | |||||
Skyworks Solutions, Inc. | 8,925 | 978,805 | |||||
SolarEdge Technologies, Inc. | 3,302 | a | 1,053,767 | ||||
Teradyne, Inc. | 8,850 | 900,045 | |||||
Texas Instruments, Inc. | 52,071 | 9,227,502 | |||||
108,788,040 | |||||||
Software & Services - 12.7% | |||||||
Accenture PLC, Cl. A | 36,150 | 10,087,657 | |||||
Adobe, Inc. | 26,673 | a | 9,878,079 | ||||
Akamai Technologies, Inc. | 8,787 | a | 781,604 | ||||
Ansys, Inc. | 4,981 | a | 1,326,739 | ||||
Autodesk, Inc. | 12,298 | a | 2,646,038 | ||||
Automatic Data Processing, Inc. | 23,721 | 5,356,439 | |||||
Broadridge Financial Solutions, Inc. | 6,778 | 1,019,140 | |||||
Cadence Design Systems, Inc. | 15,626 | a | 2,856,902 | ||||
Ceridian HCM Holding, Inc. | 8,993 | a | 650,014 | ||||
Cognizant Technology Solutions Corp., Cl. A | 29,700 | 1,982,475 | |||||
DXC Technology Co. | 13,294 | a | 381,937 | ||||
EPAM Systems, Inc. | 3,266 | a | 1,086,435 | ||||
Fidelity National Information Services, Inc. | 34,315 | 2,574,998 | |||||
Fiserv, Inc. | 36,164 | a | 3,857,976 | ||||
FLEETCOR Technologies, Inc. | 4,268 | a | 891,201 | ||||
Fortinet, Inc. | 37,298 | a | 1,952,177 | ||||
Gartner, Inc. | 4,574 | a | 1,546,652 | ||||
Gen Digital, Inc. | 33,822 | 778,244 | |||||
Global Payments, Inc. | 15,496 | 1,746,709 | |||||
International Business Machines Corp. | 51,873 | 6,988,849 | |||||
Intuit, Inc. | 16,276 | 6,879,377 | |||||
Jack Henry & Associates, Inc. | 4,242 | 763,942 | |||||
Mastercard, Inc., Cl. A | 48,704 | 18,049,702 | |||||
Microsoft Corp. | 427,694 | 105,986,850 | |||||
Oracle Corp. | 88,173 | 7,799,784 | |||||
Paychex, Inc. | 18,533 | 2,147,233 | |||||
Paycom Software, Inc. | 2,747 | a | 889,863 | ||||
PayPal Holdings, Inc. | 65,202 | a | 5,313,311 | ||||
PTC, Inc. | 6,142 | a | 828,433 | ||||
Roper Technologies, Inc. | 6,144 | 2,621,952 | |||||
Salesforce, Inc. | 57,374 | a | 9,637,111 | ||||
ServiceNow, Inc. | 11,532 | a | 5,248,559 | ||||
Synopsys, Inc. | 8,746 | a | 3,093,897 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||
Common Stocks - 99.1% (continued) | |||||||
Software & Services - 12.7% (continued) | |||||||
Tyler Technologies, Inc. | 2,439 | a | 787,236 | ||||
Verisign, Inc. | 5,206 | a | 1,135,168 | ||||
Visa, Inc., Cl. A | 93,808 | b | 21,595,540 | ||||
251,168,223 | |||||||
Technology Hardware & Equipment - 8.0% | |||||||
Amphenol Corp., Cl. A | 34,188 | 2,727,177 | |||||
Apple, Inc. | 857,951 | 123,793,750 | |||||
Arista Networks, Inc. | 14,085 | a | 1,774,992 | ||||
CDW Corp. | 7,892 | 1,547,069 | |||||
Cisco Systems, Inc. | 235,576 | 11,465,484 | |||||
Corning, Inc. | 44,012 | 1,523,255 | |||||
F5, Inc. | 3,627 | a | 535,563 | ||||
Hewlett Packard Enterprise Co. | 72,796 | 1,174,199 | |||||
HP, Inc. | 50,985 | 1,485,703 | |||||
Juniper Networks, Inc. | 18,260 | 589,798 | |||||
Keysight Technologies, Inc. | 10,351 | a | 1,856,452 | ||||
Motorola Solutions, Inc. | 9,668 | 2,484,773 | |||||
NetApp, Inc. | 12,729 | 843,042 | |||||
Seagate Technology Holdings PLC | 10,506 | 712,097 | |||||
TE Connectivity Ltd. | 18,123 | 2,304,339 | |||||
Teledyne Technologies, Inc. | 2,643 | a | 1,121,319 | ||||
Trimble, Inc. | 13,697 | a | 795,248 | ||||
Western Digital Corp. | 18,708 | a | 822,217 | ||||
Zebra Technologies Corp., Cl. A | 2,866 | a | 906,172 | ||||
158,462,649 | |||||||
Telecommunication Services - 1.2% | |||||||
AT&T, Inc. | 408,905 | 8,329,395 | |||||
Lumen Technologies, Inc. | 53,418 | 280,445 | |||||
T-Mobile US, Inc. | 34,157 | a | 5,099,982 | ||||
Verizon Communications, Inc. | 240,961 | 10,016,749 | |||||
23,726,571 | |||||||
Transportation - 1.7% | |||||||
Alaska Air Group, Inc. | 7,750 | a | 397,885 | ||||
American Airlines Group, Inc. | 37,613 | a | 607,074 | ||||
C.H. Robinson Worldwide, Inc. | 6,447 | 645,796 | |||||
CSX Corp. | 121,207 | 3,747,720 | |||||
Delta Air Lines, Inc. | 37,482 | a | 1,465,546 | ||||
Expeditors International of Washington, Inc. | 9,150 | 989,573 | |||||
FedEx Corp. | 13,834 | 2,681,859 | |||||
J.B. Hunt Transport Services, Inc. | 4,694 | 887,401 | |||||
Norfolk Southern Corp. | 13,340 | 3,279,105 | |||||
Old Dominion Freight Line, Inc. | 5,235 | 1,744,511 | |||||
Southwest Airlines Co. | 33,991 | 1,215,858 |
Description | Shares | Value ($) | |||||
Common Stocks - 99.1% (continued) | |||||||
Transportation - 1.7% (continued) | |||||||
Union Pacific Corp. | 35,274 | 7,202,598 | |||||
United Airlines Holdings, Inc. | 18,303 | a | 896,115 | ||||
United Parcel Service, Inc., Cl. B | 41,873 | 7,756,136 | |||||
33,517,177 | |||||||
Utilities - 2.9% | |||||||
Alliant Energy Corp. | 14,836 | 801,589 | |||||
Ameren Corp. | 14,922 | 1,296,274 | |||||
American Electric Power Co. | 29,198 | 2,743,444 | |||||
American Water Works Co. | 10,490 | 1,641,580 | |||||
Atmos Energy Corp. | 8,065 | 947,960 | |||||
CenterPoint Energy, Inc. | 35,792 | 1,078,055 | |||||
CMS Energy Corp. | 16,578 | 1,047,564 | |||||
Consolidated Edison, Inc. | 20,529 | 1,956,619 | |||||
Constellation Energy Corp. | 18,873 | 1,610,999 | |||||
Dominion Energy, Inc. | 47,967 | 3,052,620 | |||||
DTE Energy Co. | 11,292 | 1,314,050 | |||||
Duke Energy Corp. | 44,338 | 4,542,428 | |||||
Edison International | 21,585 | 1,487,206 | |||||
Entergy Corp. | 11,507 | 1,245,978 | |||||
Evergy, Inc. | 12,872 | 806,431 | |||||
Eversource Energy | 19,889 | 1,637,461 | |||||
Exelon Corp. | 57,039 | 2,406,475 | |||||
FirstEnergy Corp. | 31,351 | 1,283,823 | |||||
NextEra Energy, Inc. | 114,012 | 8,508,716 | |||||
NiSource, Inc. | 23,675 | 656,981 | |||||
NRG Energy, Inc. | 13,543 | 463,441 | |||||
PG&E Corp. | 91,229 | a,b | 1,450,541 | ||||
Pinnacle West Capital Corp. | 6,640 | 495,012 | |||||
PPL Corp. | 43,245 | 1,280,052 | |||||
Public Service Enterprise Group, Inc. | 28,451 | 1,761,970 | |||||
Sempra Energy | 17,887 | 2,867,823 | |||||
The AES Corp. | 38,060 | 1,043,225 | |||||
The Southern Company | 62,163 | 4,207,192 | |||||
WEC Energy Group, Inc. | 18,286 | 1,718,701 | |||||
Xcel Energy, Inc. | 31,187 | 2,144,730 | |||||
57,498,940 | |||||||
Total Common Stocks (cost $433,610,220) | 1,957,277,953 | ||||||
1-Day | |||||||
Investment Companies - .8% | |||||||
Registered Investment Companies - .8% | |||||||
Dreyfus Institutional Preferred Government
Plus Money Market Fund, Institutional Shares | 4.41 | 15,449,933 | d | 15,449,933 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Investment of Cash Collateral for Securities Loaned - .0% | |||||||
Registered Investment Companies - .0% | |||||||
Dreyfus
Institutional Preferred Government Plus Money Market Fund, SL Shares | 4.41 | 1,092,942 | d | 1,092,942 | |||
Total Investments (cost $450,153,095) | 99.9% | 1,973,820,828 | |||||
Cash and Receivables (Net) | .1% | 994,156 | |||||
Net Assets | 100.0% | 1,974,814,984 |
a Non-income producing security.
b Security, or portion thereof, on loan. At January 31, 2023, the value of the fund’s securities on loan was $27,313,001 and the value of the collateral was $27,751,628, consisting of cash collateral of $1,092,942 and U.S. Government & Agency securities valued at $26,658,686. In addition, the value of collateral may include pending sales that are also on loan.
c Investment in real estate investment trust within the United States.
d Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company’s prospectus.
Futures | ||||||
Description | Number
of | Expiration | Notional | Market | Unrealized Appreciation ($) | |
Futures Long | ||||||
Standard & Poor's 500 E-mini | 89 | 3/17/2023 | 17,731,528 | 18,200,500 | 468,972 | |
Gross Unrealized Appreciation | 468,972 |
See notes to financial statements.
STATEMENT
OF INVESTMENTS
BNY Mellon S&P 500 Index Fund
January 31, 2023 (Unaudited)
The following is a summary of the inputs used as of January 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 | 1,957,277,953 | - | - | 1,957,277,953 | ||
Investment Companies | 16,542,875 | - | - | 16,542,875 | ||
Other Financial Instruments: | ||||||
Futures†† | 468,972 | - | - | 468,972 |
† 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 Company’s Board of Directors (the “Board”) has designated the Adviser as the fund’s valuation designee, effective September 8, 2022, 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 January 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 January 31, 2023, accumulated net unrealized appreciation on investments was $1,523,667,733, consisting of $1,550,885,574 gross unrealized appreciation and $27,217,841 gross unrealized depreciation.
At January 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.