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Form NPORT-P BNY MELLON VARIABLE INVE For: Sep 30

November 29, 2021 7:27 AM EST

	
		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
			2021-12-31
			2021-09-30
			N
		
		
			106567380.84
			349644.62
			106217736.22
			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
					
				
			
			
				
					
					
				
				
				
				
			
			
			
			
		
		
			
				ZOOM VIDEO COMMUNICATIONS INC
				549300T9GCHU0ODOM055
				ZOOM VIDEO COMMUNICATIONS INC
				98980L101
				
					
					
				
				1927.00
				NS
				USD
				503910.50
				0.4744127656385
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ZEBRA TECHNOLOGIES CORP
				PO0I32GKZ3HZMMDPZZ08
				ZEBRA TECHNOLOGIES CORP
				989207105
				
					
					
				
				1820.00
				NS
				USD
				938064.40
				0.8831523184198
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				PINTEREST INC
				N/A
				PINTEREST INC
				72352L106
				
					
					
				
				11001.00
				NS
				USD
				560500.95
				0.5276905439211
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				UBER TECHNOLOGIES INC
				549300B2FTG34FILDR98
				UBER TECHNOLOGIES INC
				90353T100
				
					
					
				
				13646.00
				NS
				USD
				611340.80
				0.5755543487895
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				CHARLES SCHWAB CORP
				549300VSGCJ7E698NM85
				CHARLES SCHWAB CORP/THE
				808513105
				
					
					
				
				17343.00
				NS
				USD
				1263264.12
				1.1893156123978
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				CLEARWAY ENERGY INC
				549300LHAZ9HA9G3XC48
				CLEARWAY ENERGY INC
				18539C204
				
					
					
				
				24424.00
				NS
				USD
				739314.48
				0.6960367508385
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				NORTHROP GRUMMAN CORP
				RIMU48P07456QXSO0R61
				NORTHROP GRUMMAN CORP
				666807102
				
					
					
				
				1803.00
				NS
				USD
				649350.45
				0.611339003361
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				INTUITIVE SURGICAL INC
				54930052SRG011710797
				INTUITIVE SURGICAL INC
				46120E602
				
					
					
				
				937.00
				NS
				USD
				931518.55
				0.8769896470685
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				SQUARE INC
				549300OHIIUWSTIZME52
				SQUARE INC
				852234103
				
					
					
				
				3447.00
				NS
				USD
				826728.48
				0.778333741069
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					
				
			
			
				DEXCOM INC
				549300YSK3QDSFR5EU59
				DEXCOM INC
				252131107
				
					
					
				
				1394.00
				NS
				USD
				762322.84
				0.7176982556105
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				MASIMO CORP
				549300Q4A8JK0PIYCU29
				MASIMO CORP
				574795100
				
					
					
				
				1808.00
				NS
				USD
				489443.68
				0.4607927992235
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				WILLIS TOWERS WATSON PLC
				549300WHC56FF48KL350
				WILLIS TOWERS WATSON PLC
				N/A
				
					
					
				
				3795.00
				NS
				USD
				882185.70
				0.8305446259679
				Long
				EC
				CORP
				IE
				
				N
				
				1
				
					N
					N
					N
				
			
			
				AMETEK INC
				549300WZDEF9KKE40E98
				AMETEK INC
				031100100
				
					
					
				
				5975.00
				NS
				USD
				740959.75
				0.6975857106061
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				STATE STREET CORP
				549300ZFEEJ2IP5VME73
				STATE STREET CORP
				857477103
				
					
					
				
				3104.00
				NS
				USD
				262970.88
				0.2475771837721
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				CONOCOPHILLIPS
				WPTL2Z3FIYTHSP5V2253
				CONOCOPHILLIPS
				20825C104
				
					
					
				
				4087.00
				NS
				USD
				276975.99
				0.2607624676036
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				PHILIP MORRIS INTERNATIONAL INC
				HL3H1H2BGXWVG3BSWR90
				PHILIP MORRIS INTERNATIONAL INC
				718172109
				
					
					
				
				7829.00
				NS
				USD
				742110.91
				0.6986694844097
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				VODAFONE GROUP PLC
				213800TB53ELEUKM7Q61
				VODAFONE GROUP PLC
				92857W308
				
					
					
				
				43490.00
				NS
				USD
				671920.50
				0.6325878557685
				Long
				EC
				CORP
				GB
				
				N
				
				1
				
					N
					N
					
				
			
			
				BOOKING HOLDINGS INC
				FXM8FAOHMYDIPD38UZ17
				BOOKING HOLDINGS INC
				09857L108
				
					
					
				
				399.00
				NS
				USD
				947174.13
				0.8917287862718
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				NEXTERA ENERGY PARTNERS LP
				5493008F4ZOQFNG3WN54
				NEXTERA ENERGY PARTNERS LP
				65341B106
				
					
					
				
				8452.00
				NS
				USD
				636942.72
				0.5996575926648
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				HORIZON THERAPEUTICS PLC
				529900P0GSQ79OOZEV53
				HORIZON THERAPEUTICS PLC
				N/A
				
					
					
				
				6722.00
				NS
				USD
				736327.88
				0.6932249793715
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				SEAGEN INC
				N/A
				SEAGEN INC
				81181C104
				
					
					
				
				3029.00
				NS
				USD
				514324.20
				0.4842168721565
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				DOLBY LABORATORIES INC
				549300X04FB2QPCJ5J24
				DOLBY LABORATORIES INC
				25659T107
				
					
					
				
				5703.00
				NS
				USD
				501864.00
				0.4724860629307
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				APPLIED MATERIALS INC
				41BNNE1AFPNAZELZ6K07
				APPLIED MATERIALS INC
				038222105
				
					
					
				
				11448.00
				NS
				USD
				1473701.04
				1.3874340505126
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				TRANE TECHNOLOGIES PLC
				549300BURLR9SLYY2705
				TRANE TECHNOLOGIES PLC
				N/A
				
					
					
				
				4481.00
				NS
				USD
				773644.65
				0.728357313507
				Long
				EC
				CORP
				IE
				
				N
				
				1
				
					N
					N
					N
				
			
			
				MICROCHIP TECHNOLOGY INC
				5493007PTFULNYZJ1R12
				MICROCHIP TECHNOLOGY INC
				595017104
				
					
					
				
				3289.00
				NS
				USD
				504828.61
				0.4752771316406
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				TELEFLEX INC
				UUL85LWXB4NGSWWXIQ25
				TELEFLEX INC
				879369106
				
					
					
				
				1057.00
				NS
				USD
				398013.35
				0.3747145854959
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				EXELON CORP
				3SOUA6IRML7435B56G12
				EXELON CORP
				30161N101
				
					
					
				
				30803.00
				NS
				USD
				1489017.02
				1.4018534691004
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				SNAP INC
				549300JNC0L6VP8A2Q35
				SNAP INC
				83304A106
				
					
					
				
				11641.00
				NS
				USD
				859920.67
				0.8095829384076
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				INGERSOLL RAND INC
				5299004C02FMZCUOIR50
				INGERSOLL RAND INC
				45687V106
				
					
					
				
				27329.00
				NS
				USD
				1377654.89
				1.2970102160213
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				SNOWFLAKE INC
				254900CJNSY1K7T53Z16
				SNOWFLAKE INC
				833445109
				
					
					
				
				1757.00
				NS
				USD
				531369.51
				0.5002643898373
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					
				
			
			
				CORNING INC
				549300X2937PB0CJ7I56
				CORNING INC
				219350105
				
					
					
				
				17165.00
				NS
				USD
				626350.85
				0.5896857457992
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				SYSCO CORP
				5RGWIFLMGH3YS7KWI652
				SYSCO CORP
				871829107
				
					
					
				
				8854.00
				NS
				USD
				695039.00
				0.6543530532042
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				PAYPAL HOLDINGS INC
				5493005X2GO78EFZ3E94
				PAYPAL HOLDINGS INC
				70450Y103
				
					
					
				
				4552.00
				NS
				USD
				1184475.92
				1.1151394881422
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ABBVIE INC
				FR5LCKFTG8054YNNRU85
				ABBVIE INC
				00287Y109
				
					
					
				
				20563.00
				NS
				USD
				2218130.81
				2.088286654317
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				VF CORP
				CWAJJ9DJ5Z7P057HV541
				VF CORP
				918204108
				
					
					
				
				5163.00
				NS
				USD
				345869.37
				0.3256229913275
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				EATON CORP PLC
				549300VDIGTMXUNT7H71
				EATON CORP PLC
				N/A
				
					
					
				
				5184.00
				NS
				USD
				774023.04
				0.7287135534472
				Long
				EC
				CORP
				IE
				
				N
				
				1
				
					N
					N
					N
				
			
			
				BERKSHIRE HATHAWAY INC
				5493000C01ZX7D35SD85
				BERKSHIRE HATHAWAY INC
				084670702
				
					
					
				
				5508.00
				NS
				USD
				1503353.52
				1.4153507441414
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				AMERIPRISE FINANCIAL INC
				6ZLKQF7QB6JAEKQS5388
				AMERIPRISE FINANCIAL INC
				03076C106
				
					
					
				
				6701.00
				NS
				USD
				1769868.12
				1.6662642068874
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ROCKWELL AUTOMATION INC
				VH3R4HHBHH12O0EXZJ88
				ROCKWELL AUTOMATION INC
				773903109
				
					
					
				
				1769.00
				NS
				USD
				520156.76
				0.4897080078252
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				L3HARRIS TECHNOLOGIES INC
				549300UTE50ZMDBG8A20
				L3HARRIS TECHNOLOGIES INC
				502431109
				
					
					
				
				6308.00
				NS
				USD
				1389273.92
				1.3079490953587
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				MARATHON PETROLEUM CORP
				3BNYRYQHD39K4LCKQF12
				MARATHON PETROLEUM CORP
				56585A102
				
					
					
				
				12965.00
				NS
				USD
				801366.65
				0.7544565328903
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				COMCAST CORP
				51M0QTTNCGUN7KFCFZ59
				COMCAST CORP
				20030N101
				
					
					
				
				15095.00
				NS
				USD
				844263.35
				0.7948421610599
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				CARRIER GLOBAL CORP
				549300JE3W6CWY2NAN77
				CARRIER GLOBAL CORP
				14448C104
				
					
					
				
				4765.00
				NS
				USD
				246636.40
				0.2321988857766
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				FACEBOOK INC
				BQ4BKCS1HXDV9HN80Z93
				FACEBOOK INC
				30303M102
				
					
					
				
				4352.00
				NS
				USD
				1477025.28
				1.390563697329
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				BANK OF AMERICA CORP
				9DJT3UXIJIZJI4WXO774
				BANK OF AMERICA CORP
				060505104
				
					
					
				
				19986.00
				NS
				USD
				848405.70
				0.7987420276428
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				JPMORGAN CHASE & CO
				8I5DZWZKVSZI1NUHU748
				JPMORGAN CHASE & CO
				46625H100
				
					
					
				
				10656.00
				NS
				USD
				1744280.64
				1.6421745577284
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				NEWMONT CORP
				549300VSP3RIX7FGDZ51
				NEWMONT CORP
				651639106
				
					
					
				
				9025.00
				NS
				USD
				490057.50
				0.4613706876457
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				UNITEDHEALTH GROUP INC
				549300GHBMY8T5GXDE41
				UNITEDHEALTH GROUP INC
				91324P102
				
					
					
				
				2824.00
				NS
				USD
				1103449.76
				1.0388564087964
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ALLY FINANCIAL INC
				549300JBN1OSM8YNAI90
				ALLY FINANCIAL INC
				02005N100
				
					
					
				
				5318.00
				NS
				USD
				271483.90
				0.2555918716227
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				NVIDIA CORP
				549300S4KLFTLO7GSQ80
				NVIDIA CORP
				67066G104
				
					
					
				
				9212.00
				NS
				USD
				1908357.92
				1.7966471400288
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ELI LILLY & CO
				FRDRIPF3EKNDJ2CQJL29
				ELI LILLY & CO
				532457108
				
					
					
				
				6448.00
				NS
				USD
				1489810.40
				1.4026004065029
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				BECTON DICKINSON AND CO
				ICE2EP6D98PQUILVRZ91
				BECTON DICKINSON AND CO
				075887109
				
					
					
				
				3111.00
				NS
				USD
				764746.02
				0.719979588358
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				EDWARDS LIFESCIENCES CORP
				YA13X31F3V31L8TMPR58
				EDWARDS LIFESCIENCES CORP
				28176E108
				
					
					
				
				5438.00
				NS
				USD
				615635.98
				0.579598099064
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				MCKESSON CORP
				549300WZWOM80UCFSF54
				MCKESSON CORP
				58155Q103
				
					
					
				
				2799.00
				NS
				USD
				558064.62
				0.5253968309436
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ALPHABET INC
				5493006MHB84DD0ZWV18
				ALPHABET INC
				02079K305
				
					
					
				
				1022.00
				NS
				USD
				2732337.44
				2.5723928387446
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				CAPITAL ONE FINANCIAL CORP
				ZUE8T73ROZOF6FLBAR73
				CAPITAL ONE FINANCIAL CORP
				14040H105
				
					
					
				
				5885.00
				NS
				USD
				953193.45
				0.8973957494497
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				FREEPORT-MCMORAN INC
				549300IRDTHJQ1PVET45
				FREEPORT-MCMORAN INC
				35671D857
				
					
					
				
				14841.00
				NS
				USD
				482777.73
				0.4545170582435
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				MEDTRONIC PLC
				549300GX3ZBSQWUXY261
				MEDTRONIC PLC
				N/A
				
					
					
				
				13444.00
				NS
				USD
				1685205.40
				1.5865574432028
				Long
				EC
				CORP
				IE
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ASSURANT INC
				H3F39CAXWQRVWURFXL38
				ASSURANT INC
				04621X108
				
					
					
				
				8418.00
				NS
				USD
				1327939.50
				1.2502050479117
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				HUBSPOT INC
				529900BLNVEW0MVKJB37
				HUBSPOT INC
				443573100
				
					
					
				
				1245.00
				NS
				USD
				841732.05
				0.7924590374027
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				CINTAS CORP
				549300QVUQTTKMTE0G41
				CINTAS CORP
				172908105
				
					
					
				
				1628.00
				NS
				USD
				619714.48
				0.5834378532756
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				QUALCOMM INC
				H1J8DDZKZP6H7RWC0H53
				QUALCOMM INC
				747525103
				
					
					
				
				12486.00
				NS
				USD
				1610444.28
				1.5161726631646
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				GENERAL MOTORS CO
				54930070NSV60J38I987
				GENERAL MOTORS CO
				37045V100
				
					
					
				
				7336.00
				NS
				USD
				386680.56
				0.3640451903428
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				CVS HEALTH CORP
				549300EJG376EN5NQE29
				CVS HEALTH CORP
				126650100
				
					
					
				
				12157.00
				NS
				USD
				1031643.02
				0.9712530663082
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				WELLS FARGO & CO
				PBLD0EJDB5FWOLXP3B76
				WELLS FARGO & CO
				949746101
				
					
					
				
				11466.00
				NS
				USD
				532137.06
				0.5009870092672
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ALPHABET INC
				5493006MHB84DD0ZWV18
				ALPHABET INC
				02079K107
				
					
					
				
				1064.00
				NS
				USD
				2835889.84
				2.6698835250322
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				CISCO SYSTEMS INC
				8E6NF1YAL0WT6CWXXV93
				CISCO SYSTEMS INC
				17275R102
				
					
					
				
				25530.00
				NS
				USD
				1389597.90
				1.3082541103322
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				PPL CORP
				9N3UAJSNOUXFKQLF3V18
				PPL CORP
				69351T106
				
					
					
				
				9348.00
				NS
				USD
				260622.24
				0.2453660276285
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				VULCAN MATERIALS CO
				549300Q8LSNHAVWBNI21
				VULCAN MATERIALS CO
				929160109
				
					
					
				
				1483.00
				NS
				USD
				250864.28
				0.2361792756347
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				AMAZON.COM INC
				ZXTILKJKG63JELOEG630
				AMAZON.COM INC
				023135106
				
					
					
				
				1161.00
				NS
				USD
				3813931.44
				3.5906728722786
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				APPLE INC
				HWUPKR0MPOU8FGXBT394
				APPLE INC
				037833100
				
					
					
				
				28520.00
				NS
				USD
				4035580.00
				3.7993466473823
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				PEPSICO INC
				FJSUNZKFNQ5YPJ5OT455
				PEPSICO INC
				713448108
				
					
					
				
				2637.00
				NS
				USD
				396631.17
				0.3734133150592
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				SALESFORCE.COM INC
				RCGZFPDMRW58VJ54VR07
				SALESFORCE.COM INC
				79466L302
				
					
					
				
				4463.00
				NS
				USD
				1210454.86
				1.1395976821544
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				AES CORP/THE
				2NUNNB7D43COUIRE5295
				AES CORP/THE
				00130H105
				
					
					
				
				23797.00
				NS
				USD
				543285.51
				0.51148285525
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				VISA INC
				549300JZ4OKEHW3DPJ59
				VISA INC
				92826C839
				
					
					
				
				8343.00
				NS
				USD
				1858403.25
				1.7496166988071
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					
				
			
			
				HUBBELL INC
				54930088VDQ6840Y6597
				HUBBELL INC
				443510607
				
					
					
				
				2522.00
				NS
				USD
				455649.74
				0.4289770769132
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				MICROSOFT CORP
				INR2EJN1ERAN0W5ZP974
				MICROSOFT CORP
				594918104
				
					
					
				
				15373.00
				NS
				USD
				4333956.16
				4.0802565694145
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				US BANCORP
				N1GZ7BBF3NP8GI976H15
				US BANCORP
				902973304
				
					
					
				
				16092.00
				NS
				USD
				956508.48
				0.9005167253977
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				TWILIO INC
				5493004W8TRGD63APX93
				TWILIO INC
				90138F102
				
					
					
				
				1441.00
				NS
				USD
				459751.05
				0.4328383058811
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				EQT CORP
				4NT01YGM4X7ZX86ISY52
				EQT CORP
				26884L109
				
					
					
				
				27162.00
				NS
				USD
				555734.52
				0.5232031295121
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				MORGAN STANLEY
				IGJSJL3JD5P30I6NJZ34
				MORGAN STANLEY
				617446448
				
					
					
				
				10274.00
				NS
				USD
				999762.94
				0.9412391711392
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				LAS VEGAS SANDS CORP
				549300DUOO1KXOHPM605
				LAS VEGAS SANDS CORP
				517834107
				
					
					
				
				5045.00
				NS
				USD
				184647.00
				0.1738381993168
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				AON PLC
				635400FALWQYX5E6QC64
				AON PLC
				N/A
				
					
					
				
				2918.00
				NS
				USD
				833876.86
				0.7850636717326
				Long
				EC
				CORP
				IE
				
				N
				
				1
				
					N
					N
					N
				
			
			
				QUANTA SERVICES INC
				SHVRXXEACT60MMH07S24
				QUANTA SERVICES INC
				74762E102
				
					
					
				
				5053.00
				NS
				USD
				575132.46
				0.5414655597712
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ZIMMER BIOMET HOLDINGS INC
				2P2YLDVPES3BXQ1FRB91
				ZIMMER BIOMET HOLDINGS INC
				98956P102
				
					
					
				
				8151.00
				NS
				USD
				1192980.36
				1.1231460982458
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				EXXON MOBIL CORP
				J3WHBG0MTS7O8ZVMDC91
				EXXON MOBIL CORP
				30231G102
				
					
					
				
				24704.00
				NS
				USD
				1453089.28
				1.3680288544187
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				DANAHER CORP
				S4BKK9OTCEWQ3YHPFM11
				DANAHER CORP
				235851102
				
					
					
				
				4543.00
				NS
				USD
				1383070.92
				1.3021092043755
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				HCA HEALTHCARE INC
				529900PH4ZGUH2MNEU89
				HCA HEALTHCARE INC
				40412C101
				
					
					
				
				1030.00
				NS
				USD
				250001.60
				0.235367094891
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				FARFETCH LTD
				549300QFQ74Z0F96NS78
				FARFETCH LTD
				30744W107
				
					
					
				
				10364.00
				NS
				USD
				388442.72
				0.3657041976449
				Long
				EC
				CORP
				KY
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ANSYS INC
				549300VJV8H15Z5FJ571
				ANSYS INC
				03662Q105
				
					
					
				
				1683.00
				NS
				USD
				572977.35
				0.5394366048371
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				LPL FINANCIAL HOLDINGS INC
				549300XROQ4Y8G2L7682
				LPL FINANCIAL HOLDINGS INC
				50212V100
				
					
					
				
				2890.00
				NS
				USD
				453036.40
				0.4265167156845
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ORGANON & CO
				549300AMCKY57OK2CO56
				ORGANON & CO
				68622V106
				
					
					
				
				16606.00
				NS
				USD
				544510.74
				0.5126363631702
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				VIATRIS INC
				254900ZZTSW7NL773X71
				VIATRIS INC
				92556V106
				
					
					
				
				29037.00
				NS
				USD
				393451.35
				0.3704196342361
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				PRINCIPAL FINANCIAL GROUP INC
				CUMYEZJOAF02RYZ1JJ85
				PRINCIPAL FINANCIAL GROUP INC
				74251V102
				
					
					
				
				4365.00
				NS
				USD
				281106.00
				0.2646507165411
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				HESS CORP
				UASVRYNXNK17ULIGK870
				HESS CORP
				42809H107
				
					
					
				
				8244.00
				NS
				USD
				643938.84
				0.6062441762703
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ARAMARK
				549300MR6PG2DWZUIL39
				ARAMARK
				03852U106
				
					
					
				
				23002.00
				NS
				USD
				755845.72
				0.7116002909669
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				HOWMET AEROSPACE INC
				549300HO5WFZUT5N2T22
				HOWMET AEROSPACE INC
				443201108
				
					
					
				
				38044.00
				NS
				USD
				1186972.80
				1.1174902066652
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				MARVELL TECHNOLOGY INC
				N/A
				MARVELL TECHNOLOGY INC
				573874104
				
					
					
				
				9339.00
				NS
				USD
				563235.09
				0.5302646338022
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				EQUITABLE HOLDINGS INC
				549300FIBAKMNHPZ4009
				EQUITABLE HOLDINGS INC
				29452E101
				
					
					
				
				8638.00
				NS
				USD
				256030.32
				0.241042907815
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				NORFOLK SOUTHERN CORP
				54930036C8MWP850MI84
				NORFOLK SOUTHERN CORP
				655844108
				
					
					
				
				1656.00
				NS
				USD
				396198.00
				0.3730055018112
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				MEDICAL PROPERTIES TRUST INC
				254900U6E39J1MQCCY14
				MEDICAL PROPERTIES TRUST INC
				58463J304
				
					
					
				
				12896.00
				NS
				USD
				258822.72
				0.2436718472929
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				DEVON ENERGY CORP
				54930042348RKR3ZPN35
				DEVON ENERGY CORP
				25179M103
				
					
					
				
				39147.00
				NS
				USD
				1390109.97
				1.3087362049599
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				DATADOG INC
				549300F6JNO0KRPO1K63
				DATADOG INC
				23804L103
				
					
					
				
				4039.00
				NS
				USD
				570912.65
				0.5374927675143
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				NEWELL BRANDS INC
				549300LWGYFM1TVO1Z12
				NEWELL BRANDS INC
				651229106
				
					
					
				
				11981.00
				NS
				USD
				265259.34
				0.2497316827112
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ALCOA CORP
				549300T12EZ1F6PWWU29
				ALCOA CORP
				013872106
				
					
					
				
				16624.00
				NS
				USD
				813578.56
				0.7659535864282
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				CROWDSTRIKE HOLDINGS INC
				549300YBY08K9KM4HX32
				CROWDSTRIKE HOLDINGS INC
				22788C105
				
					
					
				
				2275.00
				NS
				USD
				559149.50
				0.5264182046225
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					
				
			
			
				MATCH GROUP INC
				15OMOPB0A8K0EFUVD031
				MATCH GROUP INC
				57667L107
				
					
					
				
				3174.00
				NS
				USD
				498286.26
				0.4691177554075
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ARMSTRONG WORLD INDUSTRIES INC
				KXMRXXOJ88Q45Y45MG74
				ARMSTRONG WORLD INDUSTRIES INC
				04247X102
				
					
					
				
				5011.00
				NS
				USD
				478400.17
				0.4503957503002
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				VISTRA CORP
				549300KP43CPCUJOOG15
				VISTRA ENERGY CORP COM
				92840M102
				
					
					
				
				18132.00
				NS
				USD
				310057.20
				0.2919071814501
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				TESLA INC
				54930043XZGB27CTOV49
				TESLA INC
				88160R101
				
					
					
				
				1905.00
				NS
				USD
				1477289.40
				1.3908123563659
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				CF INDUSTRIES HOLDINGS INC
				529900CG8YAQFZ2JMV97
				CF INDUSTRIES HOLDINGS INC
				125269100
				
					
					
				
				16132.00
				NS
				USD
				900488.24
				0.8477757783642
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				HARTFORD FINANCIAL SERVICES GROUP INC/THE
				IU7C3FTM7Y3BQM112U94
				HARTFORD FINANCIAL SERVICES GROUP INC/THE
				416515104
				
					
					
				
				3847.00
				NS
				USD
				270251.75
				0.254431848783
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				VOYA FINANCIAL INC
				549300T065Z4KJ686G75
				VOYA FINANCIAL INC
				929089100
				
					
					
				
				13187.00
				NS
				USD
				809549.93
				0.7621607829442
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					
				
			
			
				DREYFUS INSTITUTIONAL PREFERRE
				549300RBWL04JG8SIX57
				Dreyfus Institutional Preferred Government Plus Money Market Fund
				N/A
				
					
					
				
				2176461.68
				OU
				Other Units
				USD
				2176461.68
				2.0490567370896
				Long
				STIV
				RF
				US
				
				N
				
				1
				
					2099-12-01
					Variable
					0.061343
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				99VVB9HH4
				N/A
				DREYFUS INST PREF GOVT PLUS MMF - SL #4134
				99VVB9HH4
				
					
					
				
				699643.77
				OU
				Other Units
				USD
				699643.77
				0.658688270809
				Long
				
				RF
				US
				
				N
				1
				
					
					N
					N
				
			
		
		
			2021-11-23
			BNY Mellon Advantage Funds, Inc.
			James Windels
			James Windels
			Fund Treasurer
		
	
	XXXX



STATEMENT OF INVESTMENTS
Growth and Income Portfolio

September 30, 2021 (Unaudited)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.3%

     

Automobiles & Components - 1.8%

     

General Motors

   

7,336

a 

386,681

 

Tesla

   

1,905

a 

1,477,289

 
    

1,863,970

 

Banks - 3.8%

     

Bank of America

   

19,986

 

848,406

 

JPMorgan Chase & Co.

   

10,656

 

1,744,281

 

U.S. Bancorp

   

16,092

 

956,508

 

Wells Fargo & Co.

   

11,466

 

532,137

 
    

4,081,332

 

Capital Goods - 8.6%

     

AMETEK

   

5,975

 

740,960

 

Armstrong World Industries

   

5,011

 

478,400

 

Carrier Global

   

4,765

 

246,636

 

Eaton

   

5,184

 

774,023

 

Howmet Aerospace

   

38,044

 

1,186,973

 

Hubbell

   

2,522

 

455,650

 

Ingersoll Rand

   

27,329

a 

1,377,655

 

L3Harris Technologies

   

6,308

 

1,389,274

 

Northrop Grumman

   

1,803

 

649,350

 

Quanta Services

   

5,053

 

575,132

 

Rockwell Automation

   

1,769

 

520,157

 

Trane Technologies

   

4,481

 

773,645

 
    

9,167,855

 

Commercial & Professional Services - .6%

     

Cintas

   

1,628

 

 619,714

 

Consumer Durables & Apparel - .6%

     

Newell Brands

   

11,981

 

265,259

 

VF

   

5,163

 

345,869

 
    

611,128

 

Consumer Services - 1.8%

     

Aramark

   

23,002

 

755,846

 

Booking Holdings

   

399

a 

947,174

 

Las Vegas Sands

   

5,045

a 

184,647

 
    

1,887,667

 

Diversified Financials - 8.0%

     

Ally Financial

   

5,318

 

271,484

 

Ameriprise Financial

   

6,701

 

1,769,868

 

Berkshire Hathaway, Cl. B

   

5,508

a 

1,503,354

 

Capital One Financial

   

5,885

 

953,193

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.3% (continued)

     

Diversified Financials - 8.0% (continued)

     

Equitable Holdings

   

8,638

 

256,030

 

LPL Financial Holdings

   

2,890

 

453,036

 

Morgan Stanley

   

10,274

 

999,763

 

State Street

   

3,104

 

262,971

 

The Charles Schwab

   

17,343

 

1,263,264

 

Voya Financial

   

13,187

b 

809,550

 
    

8,542,513

 

Energy - 4.8%

     

ConocoPhillips

   

4,087

 

276,976

 

Devon Energy

   

39,147

 

1,390,110

 

EQT

   

27,162

a 

555,735

 

Exxon Mobil

   

24,704

 

1,453,089

 

Hess

   

8,244

 

643,939

 

Marathon Petroleum

   

12,965

 

801,367

 
    

5,121,216

 

Food & Staples Retailing - .7%

     

Sysco

   

8,854

 

 695,039

 

Food, Beverage & Tobacco - 1.1%

     

PepsiCo

   

2,637

 

396,631

 

Philip Morris International

   

7,829

 

742,111

 
    

1,138,742

 

Health Care Equipment & Services - 10.5%

     

Becton Dickinson & Co.

   

3,111

 

764,746

 

CVS Health

   

12,157

 

1,031,643

 

Danaher

   

4,543

 

1,383,071

 

DexCom

   

1,394

a 

762,323

 

Edwards Lifesciences

   

5,438

a 

615,636

 

HCA Healthcare

   

1,030

 

250,002

 

Intuitive Surgical

   

937

a 

931,519

 

Masimo

   

1,808

a 

489,444

 

McKesson

   

2,799

 

558,065

 

Medtronic

   

13,444

 

1,685,205

 

Teleflex

   

1,057

 

398,013

 

UnitedHealth Group

   

2,824

 

1,103,450

 

Zimmer Biomet Holdings

   

8,151

 

1,192,980

 
    

11,166,097

 

Insurance - 3.5%

     

Aon, Cl. A

   

2,918

 

833,877

 

Assurant

   

8,418

 

1,327,939

 

Principal Financial Group

   

4,365

 

281,106

 

The Hartford Financial Services Group

   

3,847

 

270,252

 

Willis Towers Watson

   

4,251

 

988,187

 
    

3,701,361

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.3% (continued)

     

Materials - 2.8%

     

Alcoa

   

16,624

a 

813,579

 

CF Industries Holdings

   

16,132

 

900,488

 

Freeport-McMoRan

   

14,841

 

482,778

 

Newmont

   

9,025

 

490,058

 

Vulcan Materials

   

1,483

 

250,864

 
    

2,937,767

 

Media & Entertainment - 9.2%

     

Alphabet, Cl. A

   

1,022

a 

2,732,337

 

Alphabet, Cl. C

   

1,064

a 

2,835,890

 

Comcast, Cl. A

   

15,095

 

844,263

 

Facebook, Cl. A

   

4,352

a 

1,477,025

 

Match Group

   

3,174

a 

498,286

 

Pinterest, Cl. A

   

11,001

a 

560,501

 

Snap, Cl. A

   

11,641

a 

859,921

 
    

9,808,223

 

Pharmaceuticals Biotechnology & Life Sciences - 5.6%

     

AbbVie

   

20,563

 

2,218,131

 

Eli Lilly & Co.

   

6,448

 

1,489,810

 

Horizon Therapeutics

   

6,722

a 

736,328

 

Organon & Co.

   

16,606

 

544,511

 

Seagen

   

3,029

a 

514,324

 

Viatris

   

29,037

 

393,451

 
    

5,896,555

 

Real Estate - .2%

     

Medical Properties Trust

   

12,896

c 

 258,823

 

Retailing - 4.0%

     

Amazon.com

   

1,161

a 

3,813,931

 

Farfetch, Cl. A

   

10,364

a 

388,443

 
    

4,202,374

 

Semiconductors & Semiconductor Equipment - 5.7%

     

Applied Materials

   

11,448

 

1,473,701

 

Marvell Technology

   

9,339

 

563,235

 

Microchip Technology

   

3,289

 

504,829

 

NVIDIA

   

9,212

 

1,908,358

 

Qualcomm

   

12,486

 

1,610,444

 
    

6,060,567

 

Software & Services - 13.1%

     

Ansys

   

1,683

a 

572,977

 

CrowdStrike Holdings, CI. A

   

2,275

a,b 

559,150

 

Datadog, Cl. A

   

4,039

a 

570,913

 

Dolby Laboratories, Cl. A

   

5,703

 

501,864

 

HubSpot

   

1,245

a 

841,732

 

Microsoft

   

15,373

 

4,333,956

 

PayPal Holdings

   

4,552

a 

1,184,476

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.3% (continued)

     

Software & Services - 13.1% (continued)

     

salesforce.com

   

4,463

a 

1,210,455

 

Snowflake, Cl. A

   

1,757

a,b 

531,370

 

Square, Cl. A

   

3,447

a,b 

826,728

 

Twilio, Cl. A

   

1,441

a 

459,751

 

Visa, Cl. A

   

8,343

b 

1,858,403

 

Zoom Video Communications, CI. A

   

1,927

a 

503,911

 
    

13,955,686

 

Technology Hardware & Equipment - 6.6%

     

Apple

   

28,520

 

4,035,580

 

Cisco Systems

   

25,530

 

1,389,598

 

Corning

   

17,165

 

626,351

 

Zebra Technologies, Cl. A

   

1,820

a 

938,064

 
    

6,989,593

 

Telecommunication Services - .6%

     

Vodafone Group, ADR

   

43,490

b 

 671,920

 

Transportation - 1.0%

     

Norfolk Southern

   

1,656

 

396,198

 

Uber Technologies

   

13,646

a 

611,341

 
    

1,007,539

 

Utilities - 3.7%

     

Clearway Energy, Cl. C

   

24,424

 

739,314

 

Exelon

   

30,803

 

1,489,017

 

NextEra Energy Partners

   

8,452

 

636,943

 

PPL

   

9,348

 

260,622

 

The AES

   

23,797

 

543,286

 

Vistra Energy

   

18,132

 

310,057

 
    

3,979,239

 

Total Common Stocks (cost $68,437,374)

   

104,364,920

 
  

1-Day
Yield (%)

     

Investment Companies - 2.0%

     

Registered Investment Companies - 2.0%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares
(cost $2,176,462)

 

0.06

 

2,176,462

d 

 2,176,462

 
        

Investment of Cash Collateral for Securities Loaned - .7%

     

Registered Investment Companies - .7%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund, SL Shares
(cost $699,644)

 

0.02

 

699,644

d 

 699,644

 

Total Investments (cost $71,313,480)

 

101.0%

 

107,241,026

 

Liabilities, Less Cash and Receivables

 

(1.0%)

 

(1,023,290)

 


      

Net Assets

 

100.0%

 

106,217,736

 

ADR—American Depository Receipt

a Non-income producing security.

b Security, or portion thereof, on loan. At September 30, 2021, the value of the fund’s securities on loan was $4,961,966 and the value of the collateral was $5,073,390, consisting of cash collateral of $699,644 and U.S. Government & Agency securities valued at $4,373,746.

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

September 30, 2021 (Unaudited)

The following is a summary of the inputs used as of September 30, 2021 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

104,364,920

-

-

104,364,920

Investment Companies

2,876,106

-

-

2,876,106

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 September 30, 2021, accumulated net unrealized appreciation on investments was $35,927,546, consisting of $37,473,268 gross unrealized appreciation and $1,545,722 gross unrealized depreciation.

At September 30, 2021, 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.




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