Close

Form NPORT-P BNY MELLON VARIABLE INVE For: Mar 31

May 26, 2022 12:35 PM EDT

	
		NPORT-P
		false
		
			
			
				
					0000813383
					XXXXXXXX
				
			
			
			
			
				S000001919
				C000005064
				C000005065
			
			
			
		
	
	
		
			BNY Mellon Variable Investment Fund
			811-05125
			0000813383
			549300WX7KVU2RWH5052
			240 Greenwich Street
			New York
			
			10286
			212 495 1784
			Growth and Income Portfolio
			S000001919
			549300R1KCD1DI7SQR26
			2022-12-31
			2022-03-31
			N
		
		
			105247299.34
			19061293.66
			86186005.68
			0.00
			0.00
			0.00
			0.00
			0.00
			0.00
			0.00
			0.00
			0.00
			0.00
			0.00
			0.00
			0.00
			0.00
			
				
				
				
				
				
				
				
			
			
				
					
						UST
					
				
			
			
				
					
					
				
				
				
				
			
			
			
			
		
		
			
				BERKSHIRE HATHAWAY INC
				5493000C01ZX7D35SD85
				BERKSHIRE HATHAWAY INC
				084670702
				
					
					
				
				6542.00
				NS
				USD
				2308737.22
				2.6787843360233
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				HORIZON THERAPEUTICS PLC
				529900P0GSQ79OOZEV53
				HORIZON THERAPEUTICS PLC
				N/A
				
					
					
				
				6258.00
				NS
				USD
				658404.18
				0.7639339760617
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				BANK OF AMERICA CORP
				9DJT3UXIJIZJI4WXO774
				BANK OF AMERICA CORP
				060505104
				
					
					
				
				19398.00
				NS
				USD
				799585.56
				0.9277440736362
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				STATE STREET CORP
				549300ZFEEJ2IP5VME73
				STATE STREET CORP
				857477103
				
					
					
				
				6565.00
				NS
				USD
				571942.80
				0.6636144644219
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				MORGAN STANLEY
				IGJSJL3JD5P30I6NJZ34
				MORGAN STANLEY
				617446448
				
					
					
				
				14969.00
				NS
				USD
				1308290.60
				1.5179849555362
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				FARFETCH LTD
				549300QFQ74Z0F96NS78
				FARFETCH LTD
				30744W107
				
					
					
				
				9658.00
				NS
				USD
				146028.96
				0.1694346533962
				Long
				EC
				CORP
				KY
				
				N
				
				1
				
					N
					N
					N
				
			
			
				PINTEREST INC
				N/A
				PINTEREST INC
				72352L106
				
					
					
				
				10243.00
				NS
				USD
				252080.23
				0.2924839456372
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				SALESFORCE.COM INC
				RCGZFPDMRW58VJ54VR07
				SALESFORCE.COM INC
				79466L302
				
					
					
				
				4155.00
				NS
				USD
				882189.60
				1.0235879862857
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				HALLIBURTON CO
				ENYF8GB5SMQZ25S06U51
				HALLIBURTON CO
				406216101
				
					
					
				
				9996.00
				NS
				USD
				378548.52
				0.4392227218482
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				UBER TECHNOLOGIES INC
				549300B2FTG34FILDR98
				UBER TECHNOLOGIES INC
				90353T100
				
					
					
				
				12707.00
				NS
				USD
				453385.76
				0.5260549626622
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				APPLE INC
				HWUPKR0MPOU8FGXBT394
				APPLE INC
				037833100
				
					
					
				
				21353.00
				NS
				USD
				3728447.33
				4.3260472516191
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				METLIFE INC
				C4BXATY60WC6XEOZDX54
				METLIFE INC
				59156R108
				
					
					
				
				18838.00
				NS
				USD
				1323934.64
				1.5361364406602
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				CINTAS CORP
				549300QVUQTTKMTE0G41
				CINTAS CORP
				172908105
				
					
					
				
				1517.00
				NS
				USD
				645316.63
				0.7487487381605
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				NEWELL BRANDS INC
				549300LWGYFM1TVO1Z12
				NEWELL BRANDS INC
				651229106
				
					
					
				
				13772.00
				NS
				USD
				294858.52
				0.3421187902532
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				CISCO SYSTEMS INC
				8E6NF1YAL0WT6CWXXV93
				CISCO SYSTEMS INC
				17275R102
				
					
					
				
				26951.00
				NS
				USD
				1502787.76
				1.7436563490129
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				EXXON MOBIL CORP
				J3WHBG0MTS7O8ZVMDC91
				EXXON MOBIL CORP
				30231G102
				
					
					
				
				12217.00
				NS
				USD
				1009002.03
				1.1707260616605
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ZOOM VIDEO COMMUNICATIONS INC
				549300T9GCHU0ODOM055
				ZOOM VIDEO COMMUNICATIONS INC
				98980L101
				
					
					
				
				1795.00
				NS
				USD
				210427.85
				0.2441554731997
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				NETFLIX INC
				549300Y7VHGU0I7CE873
				NETFLIX INC
				64110L106
				
					
					
				
				1251.00
				NS
				USD
				468612.09
				0.5437217867363
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				FREEPORT-MCMORAN INC
				549300IRDTHJQ1PVET45
				FREEPORT-MCMORAN INC
				35671D857
				
					
					
				
				14200.00
				NS
				USD
				706308.00
				0.8195158766522
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				EXELON CORP
				3SOUA6IRML7435B56G12
				EXELON CORP
				30161N101
				
					
					
				
				28656.00
				NS
				USD
				1364885.28
				1.5836506973854
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				REPLIGEN CORP
				54930006QJ0T5AUO1E71
				REPLIGEN CORP
				759916109
				
					
					
				
				1220.00
				NS
				USD
				229469.80
				0.2662494893335
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				COMCAST CORP
				51M0QTTNCGUN7KFCFZ59
				COMCAST CORP
				20030N101
				
					
					
				
				13295.00
				NS
				USD
				622471.90
				0.7222424279774
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				AES CORP/THE
				2NUNNB7D43COUIRE5295
				AES CORP/THE
				00130H105
				
					
					
				
				23888.00
				NS
				USD
				614638.24
				0.7131531797425
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				HESS CORP
				UASVRYNXNK17ULIGK870
				HESS CORP
				42809H107
				
					
					
				
				5800.00
				NS
				USD
				620832.00
				0.7203396828773
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				AMERIPRISE FINANCIAL INC
				6ZLKQF7QB6JAEKQS5388
				AMERIPRISE FINANCIAL INC
				03076C106
				
					
					
				
				6135.00
				NS
				USD
				1842708.60
				2.1380601008959
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				INTUITIVE SURGICAL INC
				54930052SRG011710797
				INTUITIVE SURGICAL INC
				46120E602
				
					
					
				
				2620.00
				NS
				USD
				790401.60
				0.9170880977297
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				BRITISH AMERICAN TOBACCO PLC
				213800FKA5MF17RJKT63
				BRITISH AMERICAN TOBACCO PLC
				110448107
				
					
					
				
				8371.00
				NS
				USD
				352921.36
				0.4094880105134
				Long
				EC
				CORP
				GB
				
				N
				
				1
				
					N
					N
					N
				
			
			
				LULULEMON ATHLETICA INC
				549300D9GZ4BMLDW5T40
				LULULEMON ATHLETICA INC
				550021109
				
					
					
				
				743.00
				NS
				USD
				271365.89
				0.3148607338963
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				GENERAL MOTORS CO
				54930070NSV60J38I987
				GENERAL MOTORS CO
				37045V100
				
					
					
				
				12593.00
				NS
				USD
				550817.82
				0.6391035477907
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				SS&C TECHNOLOGIES HOLDINGS INC
				529900POY8H7NPPNKK71
				SS&C TECHNOLOGIES HOLDINGS INC
				78467J100
				
					
					
				
				5747.00
				NS
				USD
				431139.94
				0.500243556478
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				COMERICA INC
				I9Q57JVPWHHZ3ZGBW498
				COMERICA INC
				200340107
				
					
					
				
				10168.00
				NS
				USD
				919492.24
				1.0668695372819
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				DOLBY LABORATORIES INC
				549300X04FB2QPCJ5J24
				DOLBY LABORATORIES INC
				25659T107
				
					
					
				
				6803.00
				NS
				USD
				532130.66
				0.6174211878152
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ASSURANT INC
				H3F39CAXWQRVWURFXL38
				ASSURANT INC
				04621X108
				
					
					
				
				8338.00
				NS
				USD
				1516098.54
				1.7591005964809
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				VODAFONE GROUP PLC
				213800TB53ELEUKM7Q61
				VODAFONE GROUP PLC
				92857W308
				
					
					
				
				32148.00
				NS
				USD
				534299.76
				0.6199379537135
				Long
				EC
				CORP
				GB
				
				N
				
				1
				
					N
					N
					N
				
			
			
				WALT DISNEY CO/THE
				549300GZKULIZ0WOW665
				WALT DISNEY CO/THE
				254687106
				
					
					
				
				1741.00
				NS
				USD
				238795.56
				0.2770699931107
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				DANAHER CORP
				S4BKK9OTCEWQ3YHPFM11
				DANAHER CORP
				235851102
				
					
					
				
				4818.00
				NS
				USD
				1413263.94
				1.6397835458894
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				LABORATORY CORP OF AMERICA HOLDINGS
				OZ7UA8IXAIFILY2VZH07
				LABORATORY CORP OF AMERICA HOLDINGS
				50540R409
				
					
					
				
				1472.00
				NS
				USD
				388107.52
				0.4503138496068
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ARMSTRONG WORLD INDUSTRIES INC
				KXMRXXOJ88Q45Y45MG74
				ARMSTRONG WORLD INDUSTRIES INC
				04247X102
				
					
					
				
				4837.00
				NS
				USD
				435378.37
				0.5051613270216
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				CHUBB LTD
				E0JAN6VLUDI1HITHT809
				CHUBB LTD
				N/A
				
					
					
				
				5615.00
				NS
				USD
				1201048.50
				1.3935539656627
				Long
				EC
				CORP
				CH
				
				N
				
				1
				
					N
					N
					N
				
			
			
				HUBBELL INC
				54930088VDQ6840Y6597
				HUBBELL INC
				443510607
				
					
					
				
				3945.00
				NS
				USD
				724972.65
				0.8411721186984
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				HEWLETT PACKARD ENTERPRISE CO
				549300BX44RGX6ANDV88
				HEWLETT PACKARD ENTERPRISE CO
				42824C109
				
					
					
				
				51491.00
				NS
				USD
				860414.61
				0.9983228752874
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				INTERNATIONAL GAME TECHNOLOGY PLC
				549300UQ6KHRCZDRGZ76
				INTERNATIONAL GAME TECHNOLOGY PLC
				N/A
				
					
					
				
				39141.00
				NS
				USD
				965999.88
				1.1208314765005
				Long
				EC
				CORP
				GB
				
				N
				
				1
				
					N
					N
					
				
			
			
				CME GROUP INC
				LCZ7XYGSLJUHFXXNXD88
				CME GROUP INC
				12572Q105
				
					
					
				
				2336.00
				NS
				USD
				555640.96
				0.6446997463405
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				TWILIO INC
				5493004W8TRGD63APX93
				TWILIO INC
				90138F102
				
					
					
				
				6517.00
				NS
				USD
				1074066.77
				1.2462194546849
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ELI LILLY & CO
				FRDRIPF3EKNDJ2CQJL29
				ELI LILLY & CO
				532457108
				
					
					
				
				7276.00
				NS
				USD
				2083628.12
				2.4175944848126
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				VOYA FINANCIAL INC
				549300T065Z4KJ686G75
				VOYA FINANCIAL INC
				929089100
				
					
					
				
				12280.00
				NS
				USD
				814778.00
				0.9453715757813
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					
				
			
			
				ALCOA CORP
				549300T12EZ1F6PWWU29
				ALCOA CORP
				013872106
				
					
					
				
				9886.00
				NS
				USD
				890036.58
				1.0326926894658
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				NORTHROP GRUMMAN CORP
				RIMU48P07456QXSO0R61
				NORTHROP GRUMMAN CORP
				666807102
				
					
					
				
				1039.00
				NS
				USD
				464661.58
				0.5391380843489
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				CLEARWAY ENERGY INC
				549300LHAZ9HA9G3XC48
				CLEARWAY ENERGY INC
				18539C204
				
					
					
				
				16864.00
				NS
				USD
				615704.64
				0.7143905035883
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					
				
			
			
				APPLIED MATERIALS INC
				41BNNE1AFPNAZELZ6K07
				APPLIED MATERIALS INC
				038222105
				
					
					
				
				9664.00
				NS
				USD
				1273715.20
				1.4778677697736
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ROCKWELL AUTOMATION INC
				VH3R4HHBHH12O0EXZJ88
				ROCKWELL AUTOMATION INC
				773903109
				
					
					
				
				1649.00
				NS
				USD
				461769.47
				0.5357824235578
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				MARATHON PETROLEUM CORP
				3BNYRYQHD39K4LCKQF12
				MARATHON PETROLEUM CORP
				56585A102
				
					
					
				
				15763.00
				NS
				USD
				1347736.50
				1.5637532907651
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				TESLA INC
				54930043XZGB27CTOV49
				TESLA INC
				88160R101
				
					
					
				
				757.00
				NS
				USD
				815743.20
				0.9464914791721
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				DEXCOM INC
				549300YSK3QDSFR5EU59
				DEXCOM INC
				252131107
				
					
					
				
				2171.00
				NS
				USD
				1110683.60
				1.288705273248
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				WEYERHAEUSER CO
				08IRJODWFYBI7QWRGS31
				WEYERHAEUSER CO
				962166104
				
					
					
				
				10761.00
				NS
				USD
				407841.90
				0.4732112792351
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				HARTFORD FINANCIAL SERVICES GROUP INC/THE
				IU7C3FTM7Y3BQM112U94
				HARTFORD FINANCIAL SERVICES GROUP INC/THE
				416515104
				
					
					
				
				5643.00
				NS
				USD
				405223.83
				0.4701735818974
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ALPHABET INC
				5493006MHB84DD0ZWV18
				ALPHABET INC
				02079K107
				
					
					
				
				992.00
				NS
				USD
				2770646.08
				3.2147284911742
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				BLOCK INC
				549300OHIIUWSTIZME52
				BLOCK INC
				852234103
				
					
					
				
				13376.00
				NS
				USD
				1813785.60
				2.1045012884509
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					
				
			
			
				QUANTA SERVICES INC
				SHVRXXEACT60MMH07S24
				QUANTA SERVICES INC
				74762E102
				
					
					
				
				4911.00
				NS
				USD
				646336.71
				0.7499323177822
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				TELADOC HEALTH INC
				549300I2PVFBC9MFAC61
				TELADOC HEALTH INC
				87918A105
				
					
					
				
				10318.00
				NS
				USD
				744237.34
				0.8635245758612
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					
				
			
			
				NEXTERA ENERGY PARTNERS LP
				5493008F4ZOQFNG3WN54
				NEXTERA ENERGY PARTNERS LP
				65341B106
				
					
					
				
				7363.00
				NS
				USD
				613779.68
				0.7121570087363
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				MCKESSON CORP
				549300WZWOM80UCFSF54
				MCKESSON CORP
				58155Q103
				
					
					
				
				3534.00
				NS
				USD
				1081863.42
				1.2552657609134
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				HUBSPOT INC
				529900BLNVEW0MVKJB37
				HUBSPOT INC
				443573100
				
					
					
				
				1335.00
				NS
				USD
				634044.90
				0.7356703620239
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				CHARLES SCHWAB CORP/THE
				549300VSGCJ7E698NM85
				CHARLES SCHWAB CORP/THE
				808513105
				
					
					
				
				4657.00
				NS
				USD
				392631.67
				0.4555631356879
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				BOOKING HOLDINGS INC
				FXM8FAOHMYDIPD38UZ17
				BOOKING HOLDINGS INC
				09857L108
				
					
					
				
				408.00
				NS
				USD
				958167.60
				1.1117438294536
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				L3HARRIS TECHNOLOGIES INC
				549300UTE50ZMDBG8A20
				L3HARRIS TECHNOLOGIES INC
				502431109
				
					
					
				
				2780.00
				NS
				USD
				690746.60
				0.8014602771645
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				AMAZON.COM INC
				ZXTILKJKG63JELOEG630
				AMAZON.COM INC
				023135106
				
					
					
				
				1319.00
				NS
				USD
				4299874.05
				4.9890629181319
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				NORFOLK SOUTHERN CORP
				54930036C8MWP850MI84
				NORFOLK SOUTHERN CORP
				655844108
				
					
					
				
				2875.00
				NS
				USD
				820007.50
				0.9514392661896
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				JPMORGAN CHASE & CO
				8I5DZWZKVSZI1NUHU748
				JPMORGAN CHASE & CO
				46625H100
				
					
					
				
				8006.00
				NS
				USD
				1091377.92
				1.2663052561597
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				BIO-TECHNE CORP
				54930073RLKQ51TILZ35
				BIO-TECHNE CORP
				09073M104
				
					
					
				
				776.00
				NS
				USD
				336039.04
				0.3898997724151
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ANSYS INC
				549300VJV8H15Z5FJ571
				ANSYS INC
				03662Q105
				
					
					
				
				1866.00
				NS
				USD
				592734.90
				0.6877391466553
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ALPHABET INC
				5493006MHB84DD0ZWV18
				ALPHABET INC
				02079K305
				
					
					
				
				795.00
				NS
				USD
				2211173.25
				2.5655826982049
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				CORNING INC
				549300X2937PB0CJ7I56
				CORNING INC
				219350105
				
					
					
				
				12017.00
				NS
				USD
				443547.47
				0.514639779974
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				QUALCOMM INC
				H1J8DDZKZP6H7RWC0H53
				QUALCOMM INC
				747525103
				
					
					
				
				11659.00
				NS
				USD
				1781728.38
				2.0673058995393
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				MICROSOFT CORP
				INR2EJN1ERAN0W5ZP974
				MICROSOFT CORP
				594918104
				
					
					
				
				13561.00
				NS
				USD
				4180991.91
				4.851126208962
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				EDWARDS LIFESCIENCES CORP
				YA13X31F3V31L8TMPR58
				EDWARDS LIFESCIENCES CORP
				28176E108
				
					
					
				
				6497.00
				NS
				USD
				764826.84
				0.8874141851285
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				UNITEDHEALTH GROUP INC
				549300GHBMY8T5GXDE41
				UNITEDHEALTH GROUP INC
				91324P102
				
					
					
				
				2811.00
				NS
				USD
				1433525.67
				1.6632928497957
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ABBVIE INC
				FR5LCKFTG8054YNNRU85
				ABBVIE INC
				00287Y109
				
					
					
				
				8614.00
				NS
				USD
				1396415.54
				1.6202346645286
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				AON PLC
				635400FALWQYX5E6QC64
				AON PLC
				N/A
				
					
					
				
				2755.00
				NS
				USD
				897110.65
				1.0409005997225
				Long
				EC
				CORP
				IE
				
				N
				
				1
				
					N
					N
					N
				
			
			
				EQUITABLE HOLDINGS INC
				549300FIBAKMNHPZ4009
				EQUITABLE HOLDINGS INC
				29452E101
				
					
					
				
				9041.00
				NS
				USD
				279457.31
				0.3242490562071
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ZEBRA TECHNOLOGIES CORP
				PO0I32GKZ3HZMMDPZZ08
				ZEBRA TECHNOLOGIES CORP
				989207105
				
					
					
				
				1906.00
				NS
				USD
				788512.20
				0.9148958624764
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				MATCH GROUP INC
				15OMOPB0A8K0EFUVD031
				MATCH GROUP INC
				57667L107
				
					
					
				
				2954.00
				NS
				USD
				321217.96
				0.3727031522874
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				SYSCO CORP
				5RGWIFLMGH3YS7KWI652
				SYSCO CORP
				871829107
				
					
					
				
				8251.00
				NS
				USD
				673694.15
				0.7816746404298
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				US BANCORP
				N1GZ7BBF3NP8GI976H15
				US BANCORP
				902973304
				
					
					
				
				15079.00
				NS
				USD
				801448.85
				0.9299060139481
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				CROWDSTRIKE HOLDINGS INC
				549300YBY08K9KM4HX32
				CROWDSTRIKE HOLDINGS INC
				22788C105
				
					
					
				
				2119.00
				NS
				USD
				481182.52
				0.5583070200359
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				DATADOG INC
				549300F6JNO0KRPO1K63
				DATADOG INC
				23804L103
				
					
					
				
				3765.00
				NS
				USD
				570284.55
				0.6616904281623
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				MERCK & CO INC
				4YV9Y5M8S0BRK1RP0397
				MERCK & CO INC
				58933Y105
				
					
					
				
				10313.00
				NS
				USD
				846181.65
				0.9818086397248
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				HOWMET AEROSPACE INC
				549300HO5WFZUT5N2T22
				HOWMET AEROSPACE INC
				443201108
				
					
					
				
				38006.00
				NS
				USD
				1365935.64
				1.5848694103211
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				MARVELL TECHNOLOGY INC
				N/A
				MARVELL TECHNOLOGY INC
				573874104
				
					
					
				
				8704.00
				NS
				USD
				624163.84
				0.7242055541098
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				RAYTHEON TECHNOLOGIES CORP
				I07WOS4YJ0N7YRFE7309
				RAYTHEON TECHNOLOGIES CORP
				75513E101
				
					
					
				
				8429.00
				NS
				USD
				835061.03
				0.9689055936766
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				CONSTELLATION ENERGY CORP
				S2PEWKCZFFECR4533P43
				CONSTELLATION ENERGY CORP
				21037T109
				
					
					
				
				12524.00
				NS
				USD
				704475.00
				0.8173890812571
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				CONOCOPHILLIPS
				WPTL2Z3FIYTHSP5V2253
				CONOCOPHILLIPS
				20825C104
				
					
					
				
				7909.00
				NS
				USD
				790900.00
				0.9176663818677
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				INGERSOLL RAND INC
				5299004C02FMZCUOIR50
				INGERSOLL RAND INC
				45687V106
				
					
					
				
				27329.00
				NS
				USD
				1376015.15
				1.5965644760345
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ORGANON & CO
				549300AMCKY57OK2CO56
				ORGANON & CO
				68622V106
				
					
					
				
				15379.00
				NS
				USD
				537188.47
				0.6232896695485
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				SNOWFLAKE INC
				254900CJNSY1K7T53Z16
				SNOWFLAKE INC
				833445109
				
					
					
				
				1637.00
				NS
				USD
				375085.81
				0.4352050046183
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				SEAGEN INC
				N/A
				SEAGEN INC
				81181C104
				
					
					
				
				2819.00
				NS
				USD
				406076.95
				0.471163440974
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				DEVON ENERGY CORP
				54930042348RKR3ZPN35
				DEVON ENERGY CORP
				25179M103
				
					
					
				
				9685.00
				NS
				USD
				572674.05
				0.6644629200316
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				PEPSICO INC
				FJSUNZKFNQ5YPJ5OT455
				PEPSICO INC
				713448108
				
					
					
				
				2550.00
				NS
				USD
				426819.00
				0.4952300511346
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				MEDTRONIC PLC
				549300GX3ZBSQWUXY261
				MEDTRONIC PLC
				N/A
				
					
					
				
				9847.00
				NS
				USD
				1092524.65
				1.2676357853923
				Long
				EC
				CORP
				IE
				
				N
				
				1
				
					N
					N
					N
				
			
			
				BECTON DICKINSON AND CO
				ICE2EP6D98PQUILVRZ91
				BECTON DICKINSON AND CO
				075887109
				
					
					
				
				3702.00
				NS
				USD
				984732.00
				1.1425660027176
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				CVS HEALTH CORP
				549300EJG376EN5NQE29
				CVS HEALTH CORP
				126650100
				
					
					
				
				7421.00
				NS
				USD
				751079.41
				0.8714633008851
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				VISTRA CORP
				549300KP43CPCUJOOG15
				VISTRA ENERGY CORP COM
				92840M102
				
					
					
				
				21578.00
				NS
				USD
				501688.50
				0.5820997226193
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				AMETEK INC
				549300WZDEF9KKE40E98
				AMETEK INC
				031100100
				
					
					
				
				5563.00
				NS
				USD
				740880.34
				0.8596295119544
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				TRANE TECHNOLOGIES PLC
				549300BURLR9SLYY2705
				TRANE TECHNOLOGIES PLC
				N/A
				
					
					
				
				5164.00
				NS
				USD
				788542.80
				0.9149313670803
				Long
				EC
				CORP
				IE
				
				N
				
				1
				
					N
					N
					N
				
			
			
				EATON CORP PLC
				549300VDIGTMXUNT7H71
				EATON CORP PLC
				N/A
				
					
					
				
				4083.00
				NS
				USD
				619636.08
				0.7189520794137
				Long
				EC
				CORP
				IE
				
				N
				
				1
				
					N
					N
					N
				
			
			
				PELOTON INTERACTIVE INC
				5493002YS021166W0339
				PELOTON INTERACTIVE INC
				70614W100
				
					
					
				
				26771.00
				NS
				USD
				707289.82
				0.8206550639161
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				BILL.COM HOLDINGS INC
				549300IBF9VZZIGOZW63
				BILL.COM HOLDINGS INC
				090043100
				
					
					
				
				2703.00
				NS
				USD
				613013.37
				0.7112678736685
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				EQT CORP
				4NT01YGM4X7ZX86ISY52
				EQT CORP
				26884L109
				
					
					
				
				48861.00
				NS
				USD
				1681307.01
				1.9507888742895
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				NVIDIA CORP
				549300S4KLFTLO7GSQ80
				NVIDIA CORP
				67066G104
				
					
					
				
				7433.00
				NS
				USD
				2028168.38
				2.3532455924809
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				VALERO ENERGY CORP
				549300XTO5VR8SKV1V74
				VALERO ENERGY CORP
				91913Y100
				
					
					
				
				6005.00
				NS
				USD
				609747.70
				0.7074787782414
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				CF INDUSTRIES HOLDINGS INC
				529900CG8YAQFZ2JMV97
				CF INDUSTRIES HOLDINGS INC
				125269100
				
					
					
				
				8123.00
				NS
				USD
				837156.38
				0.9713367888381
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				DREYFUS INSTITUTIONAL PREFERRE
				549300RBWL04JG8SIX57
				Dreyfus Institutional Preferred Government Plus Money Market Fund
				N/A
				
					
					
				
				1702538.96
				OU
				Other Units
				USD
				1702538.96
				1.9754239061981
				Long
				STIV
				RF
				US
				
				N
				
				1
				
					2099-12-01
					Variable
					0.305872
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				99VVB9HH4
				N/A
				DREYFUS INST PREF GOVT PLUS-SL #4134
				99VVB9HH4
				
					
					
				
				1841541.01
				OU
				Other Units
				USD
				1841541.01
				2.136705368198
				Long
				
				RF
				US
				
				N
				1
				
					
					N
					N
				
			
		
		
			2022-05-25
			BNY Mellon Advantage Funds, Inc.
			James Windels
			James Windels
			Fund Treasurer
		
	
	XXXX



STATEMENT OF INVESTMENTS
Growth and Income Portfolio

March 31, 2022 (Unaudited)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 119.2%

     

Automobiles & Components - 1.6%

     

General Motors

   

12,593

a 

550,818

 

Tesla

   

757

a 

815,743

 
    

1,366,561

 

Banks - 4.3%

     

Bank of America

   

19,398

 

799,586

 

Comerica

   

10,828

 

979,176

 

JPMorgan Chase & Co.

   

8,006

 

1,091,378

 

U.S. Bancorp

   

15,079

 

801,449

 
    

3,671,589

 

Capital Goods - 10.6%

     

AMETEK

   

5,563

 

740,880

 

Armstrong World Industries

   

4,837

 

435,378

 

Eaton

   

4,083

 

619,636

 

Howmet Aerospace

   

38,006

 

1,365,936

 

Hubbell

   

3,945

 

724,973

 

Ingersoll Rand

   

27,329

 

1,376,015

 

L3Harris Technologies

   

2,780

 

690,747

 

Northrop Grumman

   

1,039

 

464,662

 

Quanta Services

   

4,911

 

646,337

 

Raytheon Technologies

   

8,429

 

835,061

 

Rockwell Automation

   

1,649

 

461,769

 

Trane Technologies

   

5,164

 

788,543

 
    

9,149,937

 

Commercial & Professional Services - .7%

     

Cintas

   

1,517

 

 645,317

 

Consumer Durables & Apparel - 1.3%

     

Lululemon Athletica

   

743

a 

271,366

 

Newell Brands

   

6,558

 

140,407

 

Peloton Interactive, Cl. A

   

26,771

a 

707,290

 
    

1,119,063

 

Consumer Services - 2.2%

     

Booking Holdings

   

408

a 

958,168

 

International Game Technology

   

39,141

b 

966,000

 
    

1,924,168

 

Diversified Financials - 9.2%

     

Ameriprise Financial

   

6,135

 

1,842,709

 

Berkshire Hathaway, Cl. B

   

6,542

a 

2,308,737

 

CME Group

   

2,336

 

555,641

 

Equitable Holdings

   

9,041

 

279,457

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 119.2% (continued)

     

Diversified Financials - 9.2% (continued)

     

Morgan Stanley

   

14,969

 

1,308,291

 

State Street

   

4,676

 

407,373

 

The Charles Schwab

   

4,657

 

392,632

 

Voya Financial

   

12,280

b 

814,778

 
    

7,909,618

 

Energy - 8.1%

     

ConocoPhillips

   

7,909

 

790,900

 

Devon Energy

   

8,723

 

515,791

 

EQT

   

47,242

 

1,625,597

 

Exxon Mobil

   

12,217

 

1,009,002

 

Halliburton

   

11,478

 

434,672

 

Hess

   

5,800

 

620,832

 

Marathon Petroleum

   

15,763

 

1,347,736

 

Valero Energy

   

6,576

 

667,727

 
    

7,012,257

 

Food & Staples Retailing - .8%

     

Sysco

   

8,251

 

 673,694

 

Food, Beverage & Tobacco - 1.0%

     

British American Tobacco, ADR

   

9,694

 

408,699

 

PepsiCo

   

2,550

 

426,819

 
    

835,518

 

Health Care Equipment & Services - 10.8%

     

Becton Dickinson & Co.

   

3,702

 

984,732

 

CVS Health

   

7,421

 

751,079

 

DexCom

   

2,171

a 

1,110,684

 

Edwards Lifesciences

   

6,497

a 

764,827

 

Intuitive Surgical

   

2,620

a 

790,402

 

Laboratory Corp. of America Holdings

   

1,472

a 

388,107

 

McKesson

   

3,534

 

1,081,863

 

Medtronic

   

11,133

 

1,235,206

 

Teladoc Health

   

10,318

a,b 

744,237

 

UnitedHealth Group

   

2,811

 

1,433,526

 
    

9,284,663

 

Insurance - 6.2%

     

Aon, Cl. A

   

2,755

 

897,111

 

Assurant

   

8,338

 

1,516,098

 

Chubb

   

5,615

 

1,201,048

 

MetLife

   

18,838

 

1,323,935

 

The Hartford Financial Services Group

   

5,643

 

405,224

 
    

5,343,416

 

Materials - 2.8%

     

Alcoa

   

9,886

 

890,037

 

CF Industries Holdings

   

8,123

 

837,156

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 119.2% (continued)

     

Materials - 2.8% (continued)

     

Freeport-McMoRan

   

14,200

 

706,308

 
    

2,433,501

 

Media & Entertainment - 8.0%

     

Alphabet, Cl. A

   

795

a 

2,211,173

 

Alphabet, Cl. C

   

992

a 

2,770,646

 

Comcast, Cl. A

   

13,295

 

622,472

 

Match Group

   

2,954

a 

321,218

 

Netflix

   

1,251

a 

468,612

 

Pinterest, Cl. A

   

10,243

a 

252,080

 

The Walt Disney Company

   

1,741

a 

238,796

 
    

6,884,997

 

Pharmaceuticals Biotechnology & Life Sciences - 9.2%

     

AbbVie

   

8,614

 

1,396,415

 

Bio-Techne

   

776

 

336,039

 

Danaher

   

4,818

 

1,413,264

 

Eli Lilly & Co.

   

7,276

 

2,083,628

 

Horizon Therapeutics

   

6,258

a 

658,404

 

Merck & Co.

   

10,313

 

846,182

 

Organon & Co.

   

15,379

 

537,188

 

Repligen

   

1,220

a 

229,470

 

Seagen

   

2,819

a 

406,077

 
    

7,906,667

 

Real Estate - .5%

     

Weyerhaeuser

   

10,761

c 

 407,842

 

Retailing - 5.1%

     

Amazon.com

   

1,319

a 

4,299,874

 

Farfetch, Cl. A

   

9,658

a 

146,029

 
    

4,445,903

 

Semiconductors & Semiconductor Equipment - 6.6%

     

Applied Materials

   

9,664

 

1,273,715

 

Marvell Technology

   

8,704

 

624,164

 

NVIDIA

   

7,433

 

2,028,168

 

Qualcomm

   

11,659

 

1,781,728

 
    

5,707,775

 

Software & Services - 14.4%

     

Ansys

   

1,866

a 

592,735

 

Bill.com Holdings

   

2,703

a 

613,013

 

Block

   

13,376

a,b 

1,813,786

 

CrowdStrike Holdings, CI. A

   

2,119

a 

481,182

 

Datadog, Cl. A

   

3,765

a 

570,284

 

Dolby Laboratories, Cl. A

   

6,803

 

532,131

 

HubSpot

   

1,335

a 

634,045

 

Microsoft

   

13,561

 

4,180,992

 

Salesforce

   

4,155

a 

882,190

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 119.2% (continued)

     

Software & Services - 14.4% (continued)

     

Snowflake, Cl. A

   

1,637

a 

375,086

 

SS&C Technologies Holdings

   

5,747

 

431,140

 

Twilio, Cl. A

   

6,517

a 

1,074,067

 

Zoom Video Communications, CI. A

   

1,795

a 

210,428

 
    

12,391,079

 

Technology Hardware & Equipment - 8.6%

     

Apple

   

21,353

 

3,728,447

 

Cisco Systems

   

28,176

 

1,571,094

 

Corning

   

12,017

 

443,547

 

Hewlett Packard Enterprise

   

51,491

 

860,415

 

Zebra Technologies, Cl. A

   

1,906

a 

788,512

 
    

7,392,015

 

Telecommunication Services - .6%

     

Vodafone Group, ADR

   

32,148

 

 534,300

 

Transportation - 1.5%

     

Norfolk Southern

   

2,875

 

820,007

 

Uber Technologies

   

12,707

a 

453,386

 
    

1,273,393

 

Utilities - 5.1%

     

Clearway Energy, Cl. C

   

16,864

b 

615,705

 

Constellation Energy

   

12,524

 

704,475

 

Exelon

   

28,656

 

1,364,885

 

NextEra Energy Partners

   

7,363

 

613,780

 

The AES

   

23,888

 

614,638

 

Vistra Energy

   

21,578

 

501,688

 
    

4,415,171

 

Total Common Stocks (cost $70,588,820)

   

102,728,444

 
  

1-Day
Yield (%)

     

Investment Companies - 2.0%

     

Registered Investment Companies - 2.0%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares
(cost $1,702,539)

 

0.31

 

1,702,539

d 

 1,702,539

 
        

Investment of Cash Collateral for Securities Loaned - 2.1%

     

Registered Investment Companies - 2.1%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund, SL Shares
(cost $1,841,541)

 

0.31

 

1,841,541

d 

 1,841,541

 

Total Investments (cost $74,132,900)

 

123.3%

 

106,272,524

 

Liabilities, Less Cash and Receivables

 

(23.3%)

 

(20,086,518)

 

Net Assets

 

100.0%

 

86,186,006

 


ADR—American Depository Receipt

a Non-income producing security.

b Security, or portion thereof, on loan. At March 31, 2022, the value of the fund’s securities on loan was $4,731,522 and the value of the collateral was $4,932,257, consisting of cash collateral of $1,841,541 and U.S. Government & Agency securities valued at $3,090,716. 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
Growth and Income Portfolio

March 31, 2022 (Unaudited)

The following is a summary of the inputs used as of March 31, 2022 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

102,728,444

-

 

-

102,728,444

 

Investment Companies

3,544,080

-

 

-

3,544,080

 

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


The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the SEC under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund’s financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund’s investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

Level 1—unadjusted quoted prices in active markets for identical investments.

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

Level 3—significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund’s investments are as follows:

Investments in equity securities are valued at the last sales price on the securities exchange or national securities market on which such securities are primarily traded. Securities listed on the National Market System for which market quotations are available are valued at the official closing price or, if there is no official closing price that day, at the last sales price. For open short positions, asked prices are used for valuation


purposes. Bid price is used when no asked price is available. Registered investment companies that are not traded on an exchange are valued at their net asset value. All of the preceding securities are generally categorized within Level 1 of the fair value hierarchy.

Securities not listed on an exchange or the national securities market, or securities for which there were no transactions, are valued at the average of the most recent bid and asked prices. U.S. Treasury Bills are valued at the mean price between quoted bid prices and asked prices by an independent pricing service (the “Service”) approved by the Board Members (“Board”). These securities are generally categorized within Level 2 of the fair value hierarchy.

The Service’s procedures are reviewed by BNY Mellon under the general supervision of the Board.

Fair valuing of securities may be determined with the assistance of a pricing service using calculations based on indices of domestic securities and other appropriate indicators, such as prices of relevant American Depository Receipts and futures. Utilizing these techniques may result in transfers between Level 1 and Level 2 of the fair value hierarchy.

When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market), but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

For securities where observable inputs are limited, assumptions about market activity and risk are used and such securities are generally categorized within Level 3 of the fair value hierarchy.

Pursuant to a securities lending agreement with The Bank of New York Mellon, a subsidiary of BNY Mellon and an affiliate of BNY Mellon Investment Adviser, Inc., the fund may lend securities to qualified institutions. It is the fund’s policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral equivalent to at least 100% of the market value of securities on loan is maintained at all times. Collateral is either in the form of cash, which can be invested in certain money market mutual funds managed by BNY Mellon Investment Adviser Inc., or U.S. Government and Agency securities. The fund is entitled to receive all dividends, interest and distributions on securities loaned, in addition to income earned as a


result of the lending transaction. Should a borrower fail to return the securities in a timely manner, The Bank of New York Mellon is required to replace the securities for the benefit of the fund or credit the fund with the market value of the unreturned securities and is subrogated to the fund’s rights against the borrower and the collateral. Additionally, the contractual maturity of security lending transactions are on an overnight and continuous basis.

At March 31, 2022, accumulated net unrealized appreciation on investments was $32,139,624, consisting of $35,025,128 gross unrealized appreciation and $2,885,504 gross unrealized depreciation.

At March 31, 2022, 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.




Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

SEC Filings