0001775697-23-000226.txt : 20230324 0001775697-23-000226.hdr.sgml : 20230324 20230324113330 ACCESSION NUMBER: 0001775697-23-000226 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230131 FILED AS OF DATE: 20230324 DATE AS OF CHANGE: 20230324 PERIOD START: 20231031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BNY MELLON MIDCAP INDEX FUND, INC. CENTRAL INDEX KEY: 0000875732 IRS NUMBER: 133618129 STATE OF INCORPORATION: NY FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-06325 FILM NUMBER: 23758662 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 MIDCAP INDEX FUND, INC. DATE OF NAME CHANGE: 20181030 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS MIDCAP INDEX FUND INC DATE OF NAME CHANGE: 20020514 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS MIDCAP INDEX FUND DATE OF NAME CHANGE: 19951228 0000875732 S000000078 BNY Mellon Midcap Index Fund, Inc. C000000115 Investor Shares PESPX C000172470 Class I DMIDX NPORT-P 1 primary_doc.xml NPORT-P false 0000875732 XXXXXXXX S000000078 C000000115 C000172470 BNY Mellon Midcap Index Fund, Inc. 811-06325 0000875732 549300YR5HQUSPUKYA70 240 Greenwich Street New York 10286 212 495 1784 BNY Mellon Midcap Index Fund, Inc. 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US N 1 N N N RENAISSANCERE HOLDINGS LTD EK6GB9U3U58PDI411C94 RENAISSANCERE HOLDINGS LTD N/A 33121.00 NS USD 6481448.49 0.3793175782147 Long EC CORP BM N 1 N N N PILGRIM'S PRIDE CORP 549300ZSLGV64ZL3HD75 PILGRIM'S PRIDE CORP 72147K108 32956.00 NS USD 800171.68 0.0468289124386 Long EC CORP US N 1 N N HIGHWOODS PROPERTIES INC ZIIGTYKL9T0X3HLTDX53 HIGHWOODS PROPERTIES INC 431284108 78764.00 NS USD 2392062.68 0.1399920749374 Long EC CORP US N 1 N N N CURTISS-WRIGHT CORP TEL51ETZWP7D0ZM4X325 CURTISS-WRIGHT CORP 231561101 28758.00 NS USD 4768076.40 0.2790449072581 Long EC CORP US N 1 N N N AMERICAN FINANCIAL GROUP INC/OH 549300AFOM7IVKIU1G39 AMERICAN FINANCIAL GROUP INC/OH 025932104 52454.00 NS USD 7479415.86 0.4377222028151 Long EC CORP US N 1 N N N IRIDIUM COMMUNICATIONS INC 549300U620NVQ4J1CT96 IRIDIUM COMMUNICATIONS INC 46269C102 95139.00 NS USD 5693117.76 0.3331816405771 Long EC CORP US N 1 N N N PEBBLEBROOK HOTEL TRUST 5493004Q1NNH6JXCSI52 PEBBLEBROOK HOTEL TRUST 70509V100 102433.00 NS USD 1679901.20 0.0983138346014 Long EC CORP US N 1 N N GSI GROUP INC N/A NOVANTA INC 67000B104 26679.00 NS USD 4307858.13 0.2521112858777 Long EC CORP CA N 1 N N HELEN OF TROY LTD N/A HELEN OF TROY LTD N/A 17868.00 NS USD 2021049.48 0.1182790537313 Long EC CORP BM N 1 N N ESSENTIAL UTILITIES INC 549300ILTEOF3E3QY357 ESSENTIAL UTILITIES INC 29670G102 179576.00 NS USD 8391586.48 0.4911056943342 Long EC CORP US N 1 N N N EXELIXIS INC 254900PJQB59O2O95R37 EXELIXIS INC 30161Q104 245083.00 NS USD 4318362.46 0.2527260368894 Long EC CORP US N 1 N N N MASIMO CORP 549300Q4A8JK0PIYCU29 MASIMO CORP 574795100 36224.00 NS USD 6160977.92 0.3605624927289 Long EC CORP US N 1 N N N HANESBRANDS INC GX5LWVWZLL5S4W1L2F20 HANESBRANDS INC 410345102 257647.00 NS USD 2174540.68 0.1272619084668 Long EC CORP US N 1 N N CACI INTERNATIONAL INC SYRPI2D1O9WRTS2WX210 CACI INTERNATIONAL INC 127190304 17798.00 NS USD 5483385.82 0.3209073763169 Long EC CORP US N 1 N N N GROCERY OUTLET HOLDING CORP N/A GROCERY OUTLET HOLDING CORP 39874R101 66223.00 NS USD 2012516.97 0.1177797006879 Long EC CORP US N 1 N N N CRACKER BARREL OLD COUNTRY STORE INC 8P4PHQIUWPIECBFBW745 CRACKER BARREL OLD COUNTRY STORE INC 22410J106 17011.00 NS USD 1898087.38 0.1110828712643 Long EC CORP US N 1 N N N TEXAS ROADHOUSE INC 5299002Y1CNRPDGXTQ75 TEXAS ROADHOUSE INC 882681109 50652.00 NS USD 5086980.36 0.297708309116 Long EC CORP US N 1 N N N ACADIA HEALTHCARE CO INC 5493005CW985Y9D0NC11 ACADIA HEALTHCARE CO INC 00404A109 68413.00 NS USD 5748060.26 0.3363970724475 Long EC CORP US N 1 N N N MEDICAL PROPERTIES TRUST INC 254900U6E39J1MQCCY14 MEDICAL PROPERTIES TRUST INC 58463J304 447562.00 NS USD 5795927.90 0.3391984581728 Long EC CORP US N 1 N N JABIL INC 5493000CGCQY2OQU7669 JABIL INC 466313103 101117.00 NS USD 7950829.71 0.4653110296329 Long EC CORP US N 1 N N N AGCO CORP LYOM0B2GCF1JWXK5ZG04 AGCO CORP 001084102 46471.00 NS USD 6419039.23 0.3756651648077 Long EC CORP US N 1 N N N OLIN CORP 549300GKK294V7W57P06 OLIN CORP 680665205 96223.00 NS USD 6215043.57 0.363726608197 Long EC CORP US N 1 N N N ONE GAS INC 549300HXDWI0LATTX840 ONE GAS INC 68235P108 41230.00 NS USD 3395702.80 0.1987286891842 Long EC CORP US N 1 N N N TORO CO/THE YJKE4YIT6BWQHVEW0D14 TORO CO/THE 891092108 78376.00 NS USD 8740491.52 0.5115248668392 Long EC CORP US N 1 N N N VONTIER CORP 549300VVSQLG4P5K4639 VONTIER CORP 928881101 117140.00 NS USD 2697734.20 0.157881067016 Long EC CORP US N 1 N N N PENN ENTERTAINMENT INC N/A PENN ENTERTAINMENT INC 707569109 116706.00 NS USD 4137227.70 0.2421253820203 Long EC CORP US N 1 N N N FIRST AMERICAN FINANCIAL CORP 549300B6VEZK3N0A1P55 FIRST AMERICAN FINANCIAL CORP 31847R102 77819.00 NS USD 4814661.53 0.2817712359051 Long EC CORP US N 1 N N INGREDION INC PKSTQ48QDN0XSVS7YK88 INGREDION INC 457187102 49543.00 NS USD 5093020.40 0.2980617938886 Long EC CORP US N 1 N N N CULLEN/FROST BANKERS INC 529900V2E9G9AY665O34 CULLEN/FROST BANKERS INC 229899109 48260.00 NS USD 6287312.80 0.3679560623607 Long EC CORP US N 1 N N N BRINK'S CO/THE XFP140TFNOQMIVFTVQ13 BRINK'S CO/THE 109696104 34794.00 NS USD 2282486.40 0.1335792785967 Long EC CORP US N 1 N N N ENVESTNET INC 549300HLWZ5OKIDM8737 ENVESTNET INC 29404K106 41786.00 NS USD 2716090.00 0.1589553141713 Long EC CORP US N 1 N N N H&R BLOCK INC 549300CE3KUCWLZBG404 H&R BLOCK INC 093671105 117826.00 NS USD 4592857.48 0.2687904685328 Long EC CORP US N 1 N N N POST HOLDINGS INC JM1I5YUAURL6DC8N1468 POST HOLDINGS INC 737446104 40917.00 NS USD 3885069.15 0.2273681605968 Long EC CORP US N 1 N N N JETBLUE AIRWAYS CORP 54930070J9H97ZO93T57 JETBLUE AIRWAYS CORP 477143101 241563.00 NS USD 1932504.00 0.113097055126 Long EC CORP US N 1 N N N LANTHEUS HOLDINGS INC 5299005HUB5IOJGO7S39 LANTHEUS HOLDINGS INC 516544103 52191.00 NS USD 3000982.50 0.1756282435818 Long EC CORP US N 1 N N N INTEGRA LIFESCIENCES HOLDINGS CORP WB7IJCYY8YFTENS4O147 INTEGRA LIFESCIENCES HOLDINGS CORP 457985208 55326.00 NS USD 3170179.80 0.1855302755389 Long EC CORP US N 1 N N N VALVOLINE INC 549300CMHPBEY6VPOT75 VALVOLINE INC 92047W101 133362.00 NS USD 4889050.92 0.2861247694252 Long EC CORP US N 1 N N N AVIS BUDGET GROUP INC 529900E95812SYWMCE44 AVIS BUDGET GROUP INC 053774105 18591.00 NS USD 3718943.64 0.2176459007918 Long EC CORP US N 1 N N N HUBBELL INC 54930088VDQ6840Y6597 HUBBELL INC 443510607 40431.00 NS USD 9255060.21 0.541639269448 Long EC CORP US N 1 N N N FAH3 INDEX N/A S&P MID 400 EMINI MAR23 N/A 85.00 NC USD 22634650.00 1.3246607814571 Long DE US N 1 N/A N/A Long FAH3 INDEX_REF S&P MID 400 EMINI MAR23 2023-03-17 22634650.00 USD 756975.64 N N N DREYFUS INSTITUTIONAL PREFERRE 549300RBWL04JG8SIX57 Dreyfus Institutional Preferred Government Plus Money Market Fund N/A 19823803.59 OU Other Units USD 19823803.59 1.1601599828131 Long STIV RF US N 1 2099-12-01 Variable 4.404325 N N N N N N 99VVB9HH4 N/A DREYFUS INST PREF GOVT PLUS-SL #4134 99VVB9HH4 10831544.30 OU Other Units USD 10831544.30 0.6339007643955 Long RF US N 1 N N 2023-03-23 BNY Mellon Advantage Funds, Inc. James Windels James Windels Fund Treasurer XXXX NPORT-EX 2 c10520bnymellon-january20232.htm Untitled Document

STATEMENT OF INVESTMENTS
BNY Mellon Midcap Index Fund, Inc.

January 31, 2023 (Unaudited)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.7%

     

Automobiles & Components - 2.0%

     

Adient PLC

   

71,816

a 

3,233,156

 

Dana, Inc.

   

96,822

 

1,756,351

 

Fox Factory Holding Corp.

   

31,496

a 

3,719,363

 

Gentex Corp.

   

177,784

 

5,246,406

 

Harley-Davidson, Inc.

   

100,338

 

4,618,558

 

Lear Corp.

   

44,496

 

6,486,627

 

The Goodyear Tire & Rubber Company

   

213,540

a 

2,402,325

 

Thor Industries, Inc.

   

40,748

b 

3,884,507

 

Visteon Corp.

   

21,250

a 

3,322,225

 
    

34,669,518

 

Banks - 7.5%

     

Associated Banc-Corp

   

113,792

 

2,550,079

 

Bank of Hawaii Corp.

   

29,920

 

2,288,581

 

Bank OZK

   

83,128

 

3,796,456

 

Cadence Bank

   

138,955

 

3,554,469

 

Cathay General Bancorp

   

55,235

 

2,428,131

 

Commerce Bancshares, Inc.

   

86,052

 

5,727,621

 

Cullen/Frost Bankers, Inc.

   

48,260

 

6,287,313

 

East West Bancorp, Inc.

   

106,107

 

8,331,522

 

Essent Group Ltd.

   

81,962

 

3,608,787

 

F.N.B. Corp.

   

262,281

 

3,742,750

 

First Financial Bankshares, Inc.

   

98,784

 

3,518,686

 

First Horizon Corp.

   

403,968

 

9,990,129

 

Fulton Financial Corp.

   

126,126

 

2,110,088

 

Glacier Bancorp, Inc.

   

83,948

 

3,827,189

 

Hancock Whitney Corp.

   

65,278

 

3,360,511

 

Home BancShares, Inc.

   

141,770

 

3,384,050

 

International Bancshares Corp.

   

39,607

a 

1,856,380

 

MGIC Investment Corp.

   

224,724

 

3,173,103

 

New York Community Bancorp, Inc.

   

508,258

 

5,077,497

 

Old National Bancorp

   

219,554

 

3,842,195

 

PacWest Bancorp

   

88,721

 

2,454,023

 

Pinnacle Financial Partners, Inc.

   

57,724

 

4,544,611

 

Prosperity Bancshares, Inc.

   

69,201

 

5,249,588

 

Synovus Financial Corp.

   

109,661

 

4,600,279

 

Texas Capital Bancshares Inc.

   

37,561

a 

2,481,655

 

UMB Financial Corp.

   

32,817

 

2,959,765

 

Umpqua Holdings Corp.

   

165,000

 

3,003,000

 

United Bankshares, Inc.

   

100,935

b 

4,057,587

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.7% (continued)

     

Banks - 7.5% (continued)

     

Valley National Bancorp

   

314,481

 

3,736,034

 

Washington Federal, Inc.

   

48,527

 

1,720,767

 

Webster Financial Corp.

   

130,547

 

6,873,300

 

Wintrust Financial Corp.

   

45,509

 

4,162,708

 
    

128,298,854

 

Capital Goods - 14.0%

     

Acuity Brands, Inc.

   

24,168

 

4,556,151

 

AECOM

   

105,093

 

9,171,466

 

AGCO Corp.

   

46,471

 

6,419,039

 

Axon Enterprise, Inc.

   

50,857

a 

9,939,492

 

Builders FirstSource, Inc.

   

111,541

a 

8,889,818

 

Carlisle Cos., Inc.

   

38,926

 

9,764,976

 

Chart Industries, Inc.

   

31,335

a,b 

4,198,263

 

Crane Holdings Co.

   

36,313

 

4,209,040

 

Curtiss-Wright Corp.

   

28,758

 

4,768,076

 

Donaldson Co., Inc.

   

92,700

 

5,779,845

 

Dycom Industries, Inc.

   

22,190

a 

2,116,260

 

EMCOR Group, Inc.

   

35,692

 

5,291,339

 

EnerSys

   

30,760

 

2,553,695

 

Esab Corp.

   

38,996

 

2,254,359

 

Flowserve Corp.

   

98,631

 

3,394,879

 

Fluor Corp.

   

106,605

a,b 

3,917,734

 

Fortune Brands Innovations, Inc.

   

95,300

 

6,147,803

 

GATX Corp.

   

26,837

b 

3,071,495

 

Graco, Inc.

   

126,789

 

8,662,224

 

Hexcel Corp.

   

62,979

 

4,445,058

 

Hubbell, Inc.

   

40,431

 

9,255,060

 

ITT, Inc.

   

62,204

 

5,697,264

 

Kennametal, Inc.

   

60,486

 

1,723,851

 

Lennox International, Inc.

   

24,178

 

6,301,270

 

Lincoln Electric Holdings, Inc.

   

43,466

 

7,253,171

 

MasTec, Inc.

   

44,298

a,b 

4,351,393

 

MDU Resources Group, Inc.

   

152,789

 

4,722,708

 

Mercury Systems, Inc.

   

43,139

a 

2,156,303

 

MSC Industrial Direct Co., Inc., Cl. A

   

35,219

 

2,912,611

 

nVent Electric PLC

   

125,922

 

5,005,400

 

Oshkosh Corp.

   

48,846

 

4,922,700

 

Owens Corning

   

70,758

 

6,838,761

 

Regal Rexnord Corp.

   

49,610

 

6,905,712

 

Simpson Manufacturing Co., Inc.

   

32,068

 

3,434,803

 

SunPower Corp.

   

66,472

a 

1,158,607

 

Sunrun, Inc.

   

160,483

a 

4,217,493

 

Terex Corp.

   

51,302

 

2,614,863

 

The Middleby Corp.

   

40,368

a 

6,275,206

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.7% (continued)

     

Capital Goods - 14.0% (continued)

     

The Timken Company

   

49,786

 

4,099,877

 

The Toro Company

   

78,376

 

8,740,492

 

Trex Co., Inc.

   

83,169

a 

4,384,670

 

Univar Solutions, Inc.

   

122,432

a 

4,221,455

 

Valmont Industries, Inc.

   

16,060

 

5,295,464

 

Vicor Corp.

   

16,120

a 

1,119,212

 

Watsco, Inc.

   

24,957

 

7,171,893

 

Watts Water Technologies, Inc., Cl. A

   

20,361

 

3,329,431

 

Woodward, Inc.

   

45,597

b 

4,662,749

 
    

238,323,431

 

Commercial & Professional Services - 3.2%

     

ASGN, Inc.

   

37,257

a 

3,388,524

 

CACI International, Inc., Cl. A

   

17,798

a 

5,483,386

 

Clean Harbors, Inc.

   

37,926

a 

4,941,758

 

FTI Consulting, Inc.

   

25,909

a,b 

4,133,004

 

IAA, Inc.

   

100,282

a 

4,184,768

 

Insperity, Inc.

   

26,663

 

2,947,595

 

KBR, Inc.

   

102,785

 

5,265,676

 

ManpowerGroup, Inc.

   

37,699

 

3,285,845

 

MSA Safety, Inc.

   

27,571

 

3,760,409

 

Science Applications International Corp.

   

41,695

 

4,327,107

 

Stericycle, Inc.

   

68,939

a 

3,709,608

 

Tetra Tech, Inc.

   

40,081

 

6,233,397

 

The Brink's Company

   

34,794

 

2,282,486

 
    

53,943,563

 

Consumer Durables & Apparel - 5.1%

     

Brunswick Corp.

   

54,952

 

4,634,102

 

Capri Holdings Ltd.

   

97,333

a 

6,471,671

 

Carter's, Inc.

   

28,516

b 

2,377,379

 

Columbia Sportswear Co.

   

26,716

 

2,562,064

 

Crocs, Inc.

   

46,368

a 

5,646,231

 

Deckers Outdoor Corp.

   

19,901

a 

8,507,279

 

Hanesbrands, Inc.

   

257,647

b 

2,174,541

 

Helen of Troy Ltd.

   

17,868

a,b 

2,021,049

 

KB Home

   

61,775

 

2,375,249

 

Leggett & Platt, Inc.

   

100,998

 

3,692,487

 

Mattel, Inc.

   

265,478

a 

5,431,680

 

Polaris, Inc.

   

41,081

 

4,717,742

 

PVH Corp.

   

48,906

 

4,396,649

 

Skechers USA, Inc., Cl. A

   

101,037

a 

4,864,932

 

Taylor Morrison Home Corp.

   

81,090

a 

2,903,022

 

Tempur Sealy International, Inc.

   

128,462

 

5,234,827

 

Toll Brothers, Inc.

   

79,326

 

4,719,104

 

TopBuild Corp.

   

24,162

a 

4,833,850

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.7% (continued)

     

Consumer Durables & Apparel - 5.1% (continued)

     

Topgolf Callaway Brands Corp.

   

103,768

a 

2,541,278

 

Under Armour, Inc., Cl. A

   

144,189

a 

1,786,502

 

Under Armour, Inc., Cl. C

   

146,281

a 

1,594,463

 

YETI Holdings, Inc.

   

65,523

a 

2,932,809

 
    

86,418,910

 

Consumer Services - 3.9%

     

Boyd Gaming Corp.

   

59,632

 

3,715,670

 

Choice Hotels International, Inc.

   

20,710

b 

2,545,052

 

Churchill Downs, Inc.

   

24,891

 

6,175,457

 

Cracker Barrel Old Country Store, Inc.

   

17,011

 

1,898,087

 

Graham Holdings Co., Cl. B

   

2,900

 

1,894,599

 

Grand Canyon Education, Inc.

   

22,940

a 

2,673,886

 

H&R Block, Inc.

   

117,826

 

4,592,857

 

Light & Wonder, Inc.

   

70,370

a 

4,591,643

 

Marriott Vacations Worldwide Corp.

   

28,710

 

4,594,748

 

Papa John's International, Inc.

   

24,054

b 

2,157,403

 

Penn Entertainment, Inc.

   

116,706

a 

4,137,228

 

Service Corp. International

   

115,655

 

8,575,818

 

Texas Roadhouse, Inc.

   

50,652

 

5,086,980

 

The Wendy's Company

   

129,456

 

2,886,869

 

Travel + Leisure Co.

   

61,134

 

2,590,248

 

Wingstop, Inc.

   

22,324

b 

3,537,684

 

Wyndham Hotels & Resorts, Inc.

   

66,447

 

5,150,307

 
    

66,804,536

 

Diversified Financials - 3.3%

     

Affiliated Managers Group, Inc.

   

28,549

 

4,931,554

 

Annaly Capital Management, Inc.

   

351,314

c 

8,245,340

 

Evercore, Inc., Cl. A

   

27,012

 

3,506,428

 

Federated Hermes, Inc.

   

63,530

 

2,496,729

 

FirstCash Holdings, Inc.

   

28,164

 

2,596,158

 

Interactive Brokers Group, Inc., Cl. A

   

77,964

 

6,232,442

 

Janus Henderson Group PLC

   

99,728

 

2,584,950

 

Jefferies Financial Group, Inc.

   

137,910

 

5,417,105

 

Navient Corp.

   

80,168

 

1,520,787

 

SEI Investments Co.

   

77,095

 

4,813,041

 

SLM Corp.

   

186,654

 

3,279,511

 

Stifel Financial Corp.

   

79,754

 

5,376,217

 

Voya Financial, Inc.

   

73,287

 

5,113,234

 
    

56,113,496

 

Energy - 3.7%

     

Antero Midstream Corp.

   

250,454

 

2,729,949

 

Antero Resources Corp.

   

207,237

a 

5,976,715

 

ChampionX Corp.

   

150,778

 

4,978,690

 

CNX Resources Corp.

   

136,779

a,b 

2,288,313

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.7% (continued)

     

Energy - 3.7% (continued)

     

DT Midstream, Inc.

   

72,529

 

3,964,435

 

Equitrans Midstream Corp.

   

327,005

 

2,370,786

 

HF Sinclair Corp.

   

100,701

 

5,729,887

 

Matador Resources Co.

   

84,355

 

5,580,927

 

Murphy Oil Corp.

   

109,353

 

4,768,884

 

NOV, Inc.

   

295,710

 

7,227,152

 

PBF Energy, Inc., Cl. A

   

85,963

 

3,609,586

 

PDC Energy, Inc.

   

68,843

 

4,662,736

 

Range Resources Corp.

   

182,524

 

4,566,750

 

Southwestern Energy Co.

   

837,043

a 

4,620,477

 
    

63,075,287

 

Food & Staples Retailing - 1.5%

     

BJ's Wholesale Club Holdings, Inc.

   

101,763

a 

7,374,765

 

Casey's General Stores, Inc.

   

28,235

 

6,660,919

 

Grocery Outlet Holding Corp.

   

66,223

a 

2,012,517

 

Performance Food Group Co.

   

117,911

a 

7,230,303

 

Sprouts Farmers Market, Inc.

   

79,200

a 

2,530,440

 
    

25,808,944

 

Food, Beverage & Tobacco - 1.9%

     

Celsius Holdings, Inc.

   

30,351

a 

3,044,812

 

Coca-Cola Consolidated, Inc.

   

3,442

 

1,744,337

 

Darling Ingredients, Inc.

   

120,461

a 

7,985,360

 

Flowers Foods, Inc.

   

144,639

 

4,005,054

 

Ingredion, Inc.

   

49,543

 

5,093,020

 

Lancaster Colony Corp.

   

15,064

 

2,890,932

 

Pilgrim's Pride Corp.

   

32,956

a,b 

800,172

 

Post Holdings, Inc.

   

40,917

a 

3,885,069

 

The Boston Beer Company, Cl. A

   

7,144

a 

2,776,230

 
    

32,224,986

 

Health Care Equipment & Services - 5.8%

     

Acadia Healthcare Co.

   

68,413

a 

5,748,060

 

Amedisys, Inc.

   

24,626

a 

2,380,349

 

Chemed Corp.

   

11,146

 

5,630,290

 

Encompass Health Corp.

   

74,574

 

4,657,146

 

Enovis Corp.

   

35,473

a 

2,233,025

 

Envista Holdings Corp.

   

122,566

a 

4,778,848

 

Globus Medical, Inc., Cl. A

   

58,492

a 

4,416,146

 

Haemonetics Corp.

   

38,091

a 

3,222,499

 

HealthEquity, Inc.

   

64,004

a 

3,894,643

 

ICU Medical, Inc.

   

15,254

a,b 

2,947,530

 

Inari Medical, Inc.

   

36,183

a 

2,064,240

 

Integra LifeSciences Holdings Corp.

   

55,326

a 

3,170,180

 

Lantheus Holdings, Inc.

   

52,191

a 

3,000,983

 

LHC Group, Inc.

   

23,373

a 

3,706,958

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.7% (continued)

     

Health Care Equipment & Services - 5.8% (continued)

     

LivaNova PLC

   

40,153

a 

2,256,599

 

Masimo Corp.

   

36,224

a 

6,160,978

 

Neogen Corp.

   

162,235

a 

3,473,451

 

Omnicell, Inc.

   

33,105

a 

1,836,334

 

Option Care Health, Inc.

   

117,722

a 

3,398,634

 

Patterson Cos.

   

65,600

 

1,980,464

 

Penumbra, Inc.

   

28,500

a 

7,136,685

 

Progyny, Inc.

   

55,858

a 

1,920,957

 

QuidelOrtho Corp.

   

40,526

a 

3,469,431

 

R1 RCM, Inc.

   

101,865

a,b 

1,457,688

 

Shockwave Medical, Inc.

   

27,364

a 

5,142,517

 

STAAR Surgical Co.

   

36,220

a 

2,555,321

 

Tandem Diabetes Care, Inc.

   

48,978

a 

1,995,364

 

Tenet Healthcare Corp.

   

81,920

a 

4,493,312

 
    

99,128,632

 

Household & Personal Products - .4%

     

BellRing Brands, Inc.

   

102,434

a 

2,905,028

 

Coty, Inc., Cl. A

   

272,789

a 

2,716,978

 

Energizer Holdings, Inc.

   

49,487

b 

1,835,968

 
    

7,457,974

 

Insurance - 3.9%

     

American Financial Group, Inc.

   

52,454

 

7,479,416

 

Brighthouse Financial, Inc.

   

52,392

a 

2,948,098

 

CNO Financial Group, Inc.

   

85,707

 

2,207,812

 

First American Financial Corp.

   

77,819

b 

4,814,662

 

Kemper Corp.

   

48,347

 

2,839,419

 

Kinsale Capital Group, Inc.

   

16,264

 

4,528,548

 

Old Republic International Corp.

   

213,049

 

5,622,363

 

Primerica, Inc.

   

27,681

 

4,477,402

 

Reinsurance Group of America, Inc.

   

50,210

 

7,620,372

 

RenaissanceRe Holdings Ltd.

   

33,121

 

6,481,448

 

RLI Corp.

   

30,270

 

4,009,262

 

Selective Insurance Group, Inc.

   

45,501

b 

4,322,595

 

The Hanover Insurance Group, Inc.

   

26,672

 

3,589,518

 

Unum Group

   

141,241

 

5,936,359

 
    

66,877,274

 

Materials - 6.6%

     

Alcoa Corp.

   

133,677

 

6,983,286

 

AptarGroup, Inc.

   

49,147

 

5,683,359

 

Ashland, Inc.

   

37,526

 

4,100,466

 

Avient, Corp.

   

64,015

 

2,593,888

 

Cabot Corp.

   

41,901

 

3,156,402

 

Cleveland-Cliffs, Inc.

   

386,628

a 

8,254,508

 

Commercial Metals Co.

   

87,628

 

4,755,572

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.7% (continued)

     

Materials - 6.6% (continued)

     

Eagle Materials, Inc.

   

27,924

 

4,079,138

 

Greif, Inc., Cl. A

   

19,746

 

1,410,457

 

Ingevity Corp.

   

26,855

a 

2,213,926

 

Louisiana-Pacific Corp.

   

53,665

 

3,654,050

 

MP Materials Corp.

   

69,805

a,b 

2,269,361

 

NewMarket Corp.

   

5,128

 

1,766,647

 

Olin Corp.

   

96,223

 

6,215,044

 

Reliance Steel & Aluminum Co.

   

44,132

 

10,037,823

 

Royal Gold, Inc.

   

49,192

b 

6,248,860

 

RPM International, Inc.

   

97,188

 

8,738,173

 

Sensient Technologies Corp.

   

32,013

 

2,423,064

 

Silgan Holdings, Inc.

   

62,603

 

3,373,676

 

Sonoco Products Co.

   

72,851

 

4,451,925

 

The Chemours Company

   

112,989

 

4,111,670

 

The Scotts Miracle-Gro Company

   

31,219

b 

2,253,700

 

United States Steel Corp.

   

176,628

 

5,032,132

 

Valvoline, Inc.

   

133,362

 

4,889,051

 

Westlake Corp.

   

26,079

 

3,201,197

 

Worthington Industries, Inc.

   

23,539

b 

1,338,663

 
    

113,236,038

 

Media & Entertainment - 1.5%

     

Cable One, Inc.

   

3,616

 

2,856,206

 

John Wiley & Sons, Inc., Cl. A

   

33,156

 

1,518,545

 

Nexstar Media Group, Inc.

   

28,495

 

5,834,921

 

TEGNA, Inc.

   

166,940

 

3,327,114

 

The New York Times Company, Cl. A

   

123,612

 

4,306,642

 

TripAdvisor, Inc.

   

80,760

a 

1,881,708

 

World Wrestling Entertainment, Inc., Cl. A

   

32,680

 

2,765,382

 

Ziff Davis, Inc.

   

35,364

a 

3,164,371

 
    

25,654,889

 

Pharmaceuticals Biotechnology & Life Sciences - 3.8%

     

Arrowhead Pharmaceuticals, Inc.

   

80,201

a 

2,806,233

 

Azenta, Inc.

   

56,051

a 

3,133,251

 

Bruker Corp.

   

75,542

 

5,297,005

 

Exelixis, Inc.

   

245,083

a 

4,318,362

 

Halozyme Therapeutics, Inc.

   

101,368

a 

5,247,821

 

Jazz Pharmaceuticals PLC

   

47,721

a 

7,475,972

 

Medpace Holdings, Inc.

   

18,902

a 

4,178,665

 

Neurocrine Biosciences, Inc.

   

72,331

a 

8,023,678

 

Perrigo Co. PLC

   

101,175

 

3,785,969

 

Repligen Corp.

   

38,763

a 

7,182,784

 

Sotera Health Co.

   

77,160

a 

1,330,238

 

Syneos Health, Inc.

   

77,876

a 

2,797,306

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.7% (continued)

     

Pharmaceuticals Biotechnology & Life Sciences - 3.8% (continued)

     

United Therapeutics Corp.

   

34,312

a 

9,029,889

 
    

64,607,173

 

Real Estate - 8.3%

     

Apartment Income REIT Corp.

   

113,627

c 

4,347,369

 

Brixmor Property Group, Inc.

   

225,370

c 

5,302,956

 

Corporate Office Properties Trust

   

85,780

c 

2,407,845

 

Cousins Properties, Inc.

   

114,513

c 

3,139,946

 

CubeSmart

   

168,249

b,c 

7,704,122

 

Douglas Emmett, Inc.

   

132,010

c 

2,211,168

 

EastGroup Properties, Inc.

   

32,598

c 

5,484,614

 

EPR Properties

   

56,629

c 

2,405,600

 

First Industrial Realty Trust, Inc.

   

99,886

c 

5,328,918

 

Healthcare Realty Trust, Inc.

   

286,452

c 

6,167,312

 

Highwoods Properties, Inc.

   

78,764

c 

2,392,063

 

Independence Realty Trust, Inc.

   

167,756

c 

3,158,845

 

JBG SMITH Properties

   

73,366

c 

1,477,591

 

Jones Lang LaSalle, Inc.

   

35,576

a 

6,576,935

 

Kilroy Realty Corp.

   

78,898

c 

3,237,974

 

Kite Realty Group Trust

   

164,285

c 

3,564,985

 

Lamar Advertising Co., Cl. A

   

65,467

c 

6,974,854

 

Life Storage, Inc.

   

64,419

c 

6,959,829

 

Medical Properties Trust, Inc.

   

447,562

b,c 

5,795,928

 

National Retail Properties, Inc.

   

135,181

c 

6,400,820

 

National Storage Affiliates Trust

   

63,026

c 

2,571,461

 

Omega Healthcare Investors, Inc.

   

177,323

b,c 

5,220,389

 

Park Hotels & Resorts, Inc.

   

167,563

c 

2,464,852

 

Pebblebrook Hotel Trust

   

102,433

b,c 

1,679,901

 

Physicians Realty Trust

   

171,305

c 

2,716,897

 

Potlatchdeltic Corp.

   

61,225

b,c 

2,996,964

 

Rayonier, Inc.

   

111,509

c 

4,057,813

 

Rexford Industrial Realty, Inc.

   

137,914

c 

8,753,402

 

Sabra Health Care REIT, Inc.

   

172,901

c 

2,334,164

 

SL Green Realty Corp.

   

47,947

c 

1,973,019

 

Spirit Realty Capital, Inc.

   

104,869

c 

4,601,652

 

STORE Capital Corp.

   

200,042

a,c 

6,443,353

 

The Macerich Company

   

161,421

c 

2,217,925

 

Vornado Realty Trust

   

117,295

b,c 

2,860,825

 
    

141,932,291

 

Retailing - 3.6%

     

AutoNation, Inc.

   

25,522

a 

3,234,148

 

Dick's Sporting Goods, Inc.

   

41,859

 

5,473,483

 

Five Below, Inc.

   

41,711

a 

8,222,489

 

Foot Locker, Inc.

   

59,075

b 

2,570,353

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.7% (continued)

     

Retailing - 3.6% (continued)

     

GameStop Corp., Cl. A

   

189,073

a,b 

4,135,027

 

Kohl's Corp.

   

87,066

 

2,818,326

 

Lithia Motors, Inc.

   

20,562

 

5,411,918

 

Macy's, Inc.

   

204,006

 

4,820,662

 

Murphy USA, Inc.

   

15,678

 

4,264,886

 

Nordstrom, Inc.

   

82,825

b 

1,618,401

 

Ollie's Bargain Outlet Holdings, Inc.

   

43,869

a 

2,402,266

 

RH

   

14,498

a,b 

4,523,231

 

The Gap, Inc.

   

160,954

b 

2,184,146

 

Victoria's Secret & Co.

   

61,822

a 

2,605,797

 

Williams-Sonoma, Inc.

   

50,559

b 

6,822,431

 
    

61,107,564

 

Semiconductors & Semiconductor Equipment - 2.7%

     

Allegro MicroSystems, Inc.

   

47,951

a 

1,830,290

 

Amkor Technology, Inc.

   

74,477

 

2,179,197

 

Cirrus Logic, Inc.

   

41,570

a 

3,757,512

 

Lattice Semiconductor Corp.

   

102,903

a 

7,799,018

 

MACOM Technology Solutions Holdings, Inc.

   

38,747

a 

2,596,824

 

MKS Instruments, Inc.

   

43,348

b 

4,435,367

 

Power Integrations, Inc.

   

42,669

 

3,673,374

 

Silicon Laboratories, Inc.

   

24,989

a 

3,921,024

 

SiTime Corp.

   

12,439

a,b 

1,433,346

 

Synaptics, Inc.

   

30,267

a 

3,784,283

 

Universal Display Corp.

   

32,560

 

4,315,177

 

Wolfspeed, Inc.

   

93,226

a 

7,179,334

 
    

46,904,746

 

Software & Services - 5.1%

     

ACI Worldwide, Inc.

   

85,501

a 

2,388,043

 

Aspen Technology, Inc.

   

21,963

a 

4,365,146

 

Blackbaud, Inc.

   

33,964

a 

2,112,900

 

Commvault Systems, Inc.

   

33,664

a 

2,094,911

 

Concentrix Corp.

   

31,899

 

4,523,597

 

Dynatrace, Inc.

   

151,043

a 

5,804,582

 

Envestnet, Inc.

   

41,786

a 

2,716,090

 

Euronet Worldwide, Inc.

   

35,372

a 

3,985,717

 

ExlService Holdings, Inc.

   

24,807

a 

4,232,074

 

Fair Isaac Corp.

   

18,802

a 

12,521,192

 

Genpact Ltd.

   

126,417

 

5,976,996

 

Kyndryl Holdings, Inc.

   

152,107

a 

2,036,713

 

Manhattan Associates, Inc.

   

46,974

a 

6,123,531

 

MAXIMUS, Inc.

   

46,113

 

3,451,558

 

NCR Corp.

   

102,858

a 

2,820,366

 

Paylocity Holding Corp.

   

31,139

a 

6,485,942

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.7% (continued)

     

Software & Services - 5.1% (continued)

     

Qualys, Inc.

   

25,872

a 

2,984,594

 

Teradata Corp.

   

76,421

a 

2,665,564

 

The Western Union Company

   

293,768

 

4,162,693

 

WEX, Inc.

   

32,758

a 

6,059,247

 
    

87,511,456

 

Technology Hardware & Equipment - 4.3%

     

Arrow Electronics, Inc.

   

46,331

a 

5,443,429

 

Avnet, Inc.

   

69,360

 

3,182,237

 

Belden, Inc.

   

32,115

 

2,604,205

 

Calix, Inc.

   

43,326

a 

2,280,681

 

Ciena Corp.

   

112,273

a 

5,840,441

 

Cognex Corp.

   

129,723

 

7,101,037

 

Coherent Corp.

   

104,152

a 

4,520,197

 

IPG Photonics Corp.

   

24,372

a 

2,732,101

 

Jabil, Inc.

   

101,117

 

7,950,830

 

Littelfuse, Inc.

   

18,762

 

4,816,018

 

Lumentum Holdings, Inc.

   

51,219

a 

3,082,359

 

National Instruments Corp.

   

99,141

 

5,353,614

 

Novanta, Inc.

   

26,679

a,b 

4,307,858

 

Super Micro Computer, Inc.

   

34,467

a,b 

2,492,998

 

TD SYNNEX Corp.

   

31,429

 

3,210,472

 

Viasat, Inc.

   

55,996

a,b 

1,929,062

 

Vishay Intertechnology, Inc.

   

98,548

 

2,255,764

 

Vontier Corp.

   

117,140

 

2,697,734

 

Xerox Holdings Corp.

   

81,906

 

1,341,620

 
    

73,142,657

 

Telecommunication Services - .6%

     

Frontier Communications Parent, Inc.

   

167,308

a 

4,953,990

 

Iridium Communications, Inc.

   

95,139

 

5,693,118

 
    

10,647,108

 

Transportation - 2.3%

     

Avis Budget Group, Inc.

   

18,591

a 

3,718,944

 

GXO Logistics, Inc.

   

89,891

a 

4,703,996

 

JetBlue Airways Corp.

   

241,563

a 

1,932,504

 

Kirby Corp.

   

45,292

a 

3,205,768

 

Knight-Swift Transportation Holdings, Inc.

   

120,974

 

7,149,563

 

Landstar System, Inc.

   

27,227

 

4,705,642

 

Ryder System, Inc.

   

37,704

 

3,559,635

 

Saia, Inc.

   

19,954

a 

5,443,052

 

Werner Enterprises, Inc.

   

44,256

 

2,078,704

 

XPO Logistics, Inc.

   

85,718

a 

3,416,719

 
    

39,914,527

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.7% (continued)

     

Utilities - 3.7%

     

ALLETE, Inc.

   

42,683

 

2,640,370

 

Black Hills Corp.

   

48,667

 

3,522,517

 

Essential Utilities, Inc.

   

179,576

 

8,391,586

 

Hawaiian Electric Industries, Inc.

   

81,863

 

3,460,349

 

IDACORP, Inc.

   

38,320

 

4,054,639

 

National Fuel Gas Co.

   

68,335

 

3,967,530

 

New Jersey Resources Corp.

   

72,135

 

3,600,979

 

NorthWestern Corp.

   

43,500

 

2,470,800

 

OGE Energy Corp.

   

150,716

 

5,926,153

 

ONE Gas, Inc.

   

41,230

 

3,395,703

 

Ormat Technologies, Inc.

   

36,792

b 

3,405,100

 

PNM Resources, Inc.

   

65,353

 

3,233,666

 

Portland General Electric Co.

   

67,964

b 

3,233,727

 

Southwest Gas Holdings, Inc.

   

46,596

 

3,118,670

 

Spire, Inc.

   

39,629

 

2,862,006

 

UGI Corp.

   

157,626

 

6,278,244

 
    

63,562,039

 

Total Common Stocks (cost $1,072,154,700)

   

1,687,365,893

 
  

1-Day
Yield (%)

     

Investment Companies - 1.2%

     

Registered Investment Companies - 1.2%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares
(cost $19,823,804)

 

4.41

 

19,823,804

d 

 19,823,804

 
        

Investment of Cash Collateral for Securities Loaned - .6%

     

Registered Investment Companies - .6%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund, SL Shares
(cost $10,831,544)

 

4.41

 

10,831,544

d 

 10,831,544

 

Total Investments (cost $1,102,810,048)

 

100.5%

 

1,718,021,241

 

Liabilities, Less Cash and Receivables

 

(.5%)

 

(9,308,315)

 

Net Assets

 

100.0%

 

1,708,712,926

 

REIT—Real Estate Investment Trust

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 $95,902,100 and the value of the collateral was $95,774,572, consisting of cash collateral of $10,831,544 and U.S. Government & Agency securities valued at $84,943,028. 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 (Unaudited) (continued)

       

Futures

   

Description

Number of
Contracts

Expiration

Notional
Value ($)

Market
Value ($)

Unrealized Appreciation ($)

 

Futures Long

  

Standard & Poor's Midcap 400 E-mini

82

3/17/2023

21,144,592

21,835,780

691,188

 

Gross Unrealized Appreciation

 

691,188

 

See notes to financial statements.


STATEMENT OF INVESTMENTS
BNY Mellon Midcap Index Fund, Inc.

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

1,687,365,893

-

 

-

1,687,365,893

 

Investment Companies

30,655,348

-

 

-

30,655,348

 

Other Financial Instruments:

  

Futures††

691,188

-

 

-

691,188

 

 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, 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.

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 $615,211,193, consisting of $697,444,930 gross unrealized appreciation and $82,233,737 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.