Form NPORT-P BNY Mellon Investment For: Jul 31

September 28, 2021 6:51 AM EDT

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		NPORT-P
		false
		
			
			
				
					0000881773
					XXXXXXXX
				
			
			
			
			
				S000019790
				C000055458
				C000055459
				C000055460
				C000130451
			
			
			
		
	
	
		
			BNY Mellon Investment Funds V, Inc.
			811-06490
			0000881773
			549300E6YYE1FQWV1O19
			240 Greenwich Street
			New York
			
			10286
			212 495 1784
			BNY Mellon Global Real Estate Securities Fund
			S000019790
			549300ZNDDIWU1ZNWJ83
			2021-10-31
			2021-07-31
			N
		
		
			530309135.00
			2912249.13
			527396885.87
			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
			574044.33
			
				
				
				
				
			
			
				
					
						UST
					
				
			
			
				
					
					
					
					
				
				
					
						
						
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
					
					
						
						
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
					
					
						
						
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
					
					
						
						
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
					
					
						
						
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
					
					
						
						
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
					
				
				
				
				
			
			
			
			
		
		
			
				RIOCAN REAL ESTATE INVESTMENT TRUST
				549300S8HVUSEU3JBY60
				RIOCAN REAL ESTATE INVESTMENT TRUST
				N/A
				
					
					
				
				167360.00
				NS
				
				3030348.19
				0.5745859088646
				Long
				EC
				CORP
				CA
				
				N
				
				1
				
					N
					N
					N
				
			
			
				KUNGSLEDEN AB
				5493005OXRTBK0WSJN46
				KUNGSLEDEN AB
				N/A
				
					
					
				
				362450.00
				NS
				
				4895050.02
				0.9281530003585
				Long
				EC
				CORP
				SE
				
				N
				
				2
				
					N
					N
					N
				
			
			
				MITSUI FUDOSAN LOGISTICS PARK INC
				353800DN63EIYS760S59
				MITSUI FUDOSAN LOGISTICS PARK INC
				N/A
				
					
					
				
				1034.00
				NS
				
				5789990.42
				1.0978431187451
				Long
				EC
				CORP
				JP
				
				N
				
				2
				
					N
					N
					N
				
			
			
				GRAINGER PLC
				2138007CEIRKZMNI2979
				GRAINGER PLC
				N/A
				
					
					
				
				547019.00
				NS
				
				2306030.88
				0.4372477240164
				Long
				EC
				CORP
				GB
				
				N
				
				2
				
					N
					N
					N
				
			
			
				SABRA HEALTH CARE REIT INC
				549300E3BC7GU7TAZ621
				SABRA HEALTH CARE REIT INC
				78573L106
				
					
					
				
				295239.00
				NS
				USD
				5488493.01
				1.0406760367851
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				DIGITAL REALTY TRUST INC
				549300HKCZ31D08NEI41
				DIGITAL REALTY TRUST INC
				253868103
				
					
					
				
				48410.00
				NS
				USD
				7462885.60
				1.4150416507843
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				COLUMBIA PROPERTY TRUST INC
				549300J5GYF2C9BGCC39
				COLUMBIA PROPERTY TRUST INC
				198287203
				
					
					
				
				209487.00
				NS
				USD
				3492148.29
				0.6621480679089
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				IRISH RESIDENTIAL PROPERTIES REIT PLC
				635400EOPACLULRENY18
				IRISH RESIDENTIAL PROPERTIES REIT PLC
				N/A
				
					
					
				
				1151900.00
				NS
				
				2103671.59
				0.3988782729594
				Long
				EC
				CORP
				IE
				
				N
				
				2
				
					N
					N
					
				
			
			
				HYSAN DEVELOPMENT CO LTD
				5299007BABFLKIH9HL03
				HYSAN DEVELOPMENT CO LTD
				N/A
				
					
					
				
				530000.00
				NS
				
				2087721.98
				0.3958540590462
				Long
				EC
				CORP
				HK
				
				N
				
				2
				
					N
					N
					N
				
			
			
				LIFE STORAGE INC
				W9EE01AFDDF9DQCQZC68
				LIFE STORAGE INC
				53223X107
				
					
					
				
				120410.00
				NS
				USD
				14131317.60
				2.6794465380069
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				HUDSON PACIFIC PROPERTIES INC
				5493007NTUGLGZ8T3526
				HUDSON PACIFIC PROPERTIES INC
				444097109
				
					
					
				
				94270.00
				NS
				USD
				2569800.20
				0.4872611630538
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				H&R REAL ESTATE INVESTMENT TRUST
				549300TGNP6B6GUVGW10
				H&R REAL ESTATE INVESTMENT TRUST
				N/A
				
					
					
				
				130340.00
				NS
				
				1758273.65
				0.3333871884926
				Long
				EC
				CORP
				CA
				
				N
				
				1
				
					N
					N
					N
				
			
			
				JBG SMITH PROPERTIES
				N/A
				JBG SMITH PROPERTIES
				46590V100
				
					
					
				
				199473.00
				NS
				USD
				6508803.99
				1.2341377365668
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				SUMMIT INDUSTRIAL INCOME REIT
				2549002JNRHTJ9H0MR86
				SUMMIT INDUSTRIAL INCOME REIT
				N/A
				
					
					
				
				224660.00
				NS
				
				3415998.88
				0.64770933836
				Long
				EC
				CORP
				CA
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ASCOTT RESIDENCE TRUST
				549300W6RTG7Y32IWY65
				ASCOTT RESIDENCE TRUST
				N/A
				
					
					
				
				1372500.00
				NS
				
				1043297.26
				0.1978201403823
				Long
				EC
				CORP
				SG
				
				N
				
				2
				
					N
					N
					N
				
			
			
				MGM GROWTH PROPERTIES LLC
				549300E2UGIBHWE12262
				MGM GROWTH PROPERTIES LLC
				55303A105
				
					
					
				
				91870.00
				NS
				USD
				3472686.00
				0.6584578128995
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				SBA COMMUNICATIONS CORP
				5299001HX8ZN8Y8QIT49
				SBA COMMUNICATIONS CORP
				78410G104
				
					
					
				
				30320.00
				NS
				USD
				10338816.80
				1.9603484732271
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				AMERICAN CAMPUS COMMUNITIES INC
				529900MR3ZXRO3W6UX26
				AMERICAN CAMPUS COMMUNITIES INC
				024835100
				
					
					
				
				258001.00
				NS
				USD
				12980030.31
				2.4611503514261
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ASCENDAS REAL ESTATE INVESTMENT TRUST
				549300ILIBAEMQZK3L20
				ASCENDAS REAL ESTATE INVESTMENT TRUST
				N/A
				
					
					
				
				1477200.00
				NS
				
				3401334.49
				0.6449288156848
				Long
				EC
				CORP
				SG
				
				N
				
				2
				
					N
					N
					N
				
			
			
				NEW WORLD DEVELOPMENT CO LTD
				2549008GWMWXTIRL4S48
				NEW WORLD DEVELOPMENT CO LTD
				N/A
				
					
					
				
				683000.00
				NS
				
				3242651.32
				0.6148408166367
				Long
				EC
				CORP
				HK
				
				N
				
				2
				
					N
					N
					N
				
			
			
				REXFORD INDUSTRIAL REALTY INC
				549300MSLO0DF0EMX355
				REXFORD INDUSTRIAL REALTY INC
				76169C100
				
					
					
				
				112776.00
				NS
				USD
				6937979.52
				1.315513933791
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					
				
			
			
				DEUTSCHE EUROSHOP AG
				529900Y9QTEFHFEKQ736
				DEUTSCHE EUROSHOP AG
				N/A
				
					
					
				
				184140.00
				NS
				
				4376094.53
				0.8297535778545
				Long
				EC
				CORP
				DE
				
				N
				
				2
				
					N
					N
					N
				
			
			
				DIVERSIFIED HEALTHCARE TRUST
				N/A
				DIVERSIFIED HEALTHCARE TRUST
				25525P107
				
					
					
				
				384560.00
				NS
				USD
				1499784.00
				0.2843748304516
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				JAPAN PRIME REALTY INVESTMENT CORP
				353800NJOQJAY1ODEX72
				JAPAN PRIME REALTY INVESTMENT CORP
				N/A
				
					
					
				
				752.00
				NS
				
				2940626.39
				0.5575737113329
				Long
				EC
				CORP
				JP
				
				N
				
				2
				
					N
					N
					N
				
			
			
				ALSTRIA OFFICE REIT-AG
				529900QIJIGPI0DRL085
				ALSTRIA OFFICE REIT-AG
				N/A
				
					
					
				
				177723.00
				NS
				
				3764490.41
				0.7137870000483
				Long
				EC
				CORP
				DE
				
				N
				
				2
				
					N
					N
					N
				
			
			
				FIRST INDUSTRIAL REALTY TRUST
				86MKNB3IKYZZT3E3OV11
				FIRST INDUSTRIAL REALTY TRUST INC
				32054K103
				
					
					
				
				60523.00
				NS
				USD
				3315449.94
				0.6286442011372
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				SEGRO PLC
				213800XC35KGM9NFC641
				SEGRO PLC
				N/A
				
					
					
				
				448267.00
				NS
				
				7584298.66
				1.4380628447376
				Long
				EC
				CORP
				GB
				
				N
				
				2
				
					N
					N
					N
				
			
			
				PROLOGIS INC
				529900DFH19P073LZ636
				PROLOGIS INC
				74340W103
				
					
					
				
				219430.00
				NS
				USD
				28095817.20
				5.327262627585
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				EMPIRIC STUDENT PROPERTY PLC
				213800FPF38IBPRFPU87
				EMPIRIC STUDENT PROPERTY PLC
				N/A
				
					
					
				
				1724390.00
				NS
				
				2319741.83
				0.4398474644334
				Long
				EC
				CORP
				GB
				
				N
				
				2
				
					N
					N
					N
				
			
			
				CAPITALAND INTEGRATED COMMERCIAL TRUST
				54930031292WUTXF0L29
				CAPITALAND INTEGRATED COMMERCIAL TRUST
				N/A
				
					
					
				
				2166400.00
				NS
				
				3437402.47
				0.65176768428
				Long
				EC
				CORP
				SG
				
				N
				
				2
				
					N
					N
					N
				
			
			
				BOARDWALK REAL ESTATE INVESTME
				N/A
				BOARDWALK REAL ESTATE INVESTMENT TRUST
				N/A
				
					
					
				
				43380.00
				NS
				
				1588328.31
				0.3011637634871
				Long
				EC
				CORP
				CA
				
				N
				
				1
				
					N
					N
					N
				
			
			
				PARK HOTELS & RESORTS INC
				5493005UZ5TQN0H6HS73
				PARK HOTELS & RESORTS INC
				700517105
				
					
					
				
				246020.00
				NS
				USD
				4551370.00
				0.8629876516035
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				CK ASSET HOLDINGS LTD
				5299006GJZSGP78B8S35
				CK ASSET HOLDINGS LTD
				N/A
				
					
					
				
				309000.00
				NS
				
				2107034.73
				0.3995159596978
				Long
				EC
				CORP
				KY
				
				N
				
				2
				
					N
					N
					N
				
			
			
				INVITATION HOMES INC
				N/A
				INVITATION HOMES INC
				46187W107
				
					
					
				
				480130.00
				NS
				USD
				19531688.40
				3.7034136763588
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				VENTAS INC
				ORQTRC074CWLT3DKHT41
				VENTAS INC
				92276F100
				
					
					
				
				193310.00
				NS
				USD
				11556071.80
				2.1911528318823
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				AVALONBAY COMMUNITIES INC
				K9G90K85RBWD2LAGQX17
				AVALONBAY COMMUNITIES INC
				053484101
				
					
					
				
				56990.00
				NS
				USD
				12984031.70
				2.4619090570816
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				FABEGE AB
				549300JNPI46XNH0PM97
				FABEGE AB
				N/A
				
					
					
				
				231108.00
				NS
				
				4010058.47
				0.7603492886358
				Long
				EC
				CORP
				SE
				
				N
				
				2
				
					N
					N
					N
				
			
			
				WIHLBORGS FASTIGHETER AB
				549300RC1YDJPITF8X06
				WIHLBORGS FASTIGHETER AB
				N/A
				
					
					
				
				67720.00
				NS
				
				1576552.06
				0.2989308625513
				Long
				EC
				CORP
				SE
				
				N
				
				2
				
					N
					N
					N
				
			
			
				KILROY REALTY CORP
				549300CXXI18B214UN80
				KILROY REALTY CORP
				49427F108
				
					
					
				
				68690.00
				NS
				USD
				4758156.30
				0.9021965103474
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ASSURA PLC
				21380026T19N2Y52XF72
				ASSURA PLC
				N/A
				
					
					
				
				2056226.00
				NS
				
				2227700.62
				0.4223954823557
				Long
				EC
				CORP
				GB
				
				N
				
				2
				
					N
					N
					N
				
			
			
				SUN COMMUNITIES INC
				549300H5GEOJYN41ZG57
				SUN COMMUNITIES INC
				866674104
				
					
					
				
				47510.00
				NS
				USD
				9317186.10
				1.7666365406443
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				UDR INC
				P3CH2EG5X6Z1XWU1OO74
				UDR INC
				902653104
				
					
					
				
				189890.00
				NS
				USD
				10442051.10
				1.9799227829672
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				TRITAX BIG BOX REIT PLC
				213800L6X88MIYPVR714
				TRITAX BIG BOX REIT PLC
				N/A
				
					
					
				
				965960.00
				NS
				
				2826647.10
				0.5359620384062
				Long
				EC
				CORP
				GB
				
				N
				
				2
				
					N
					N
					N
				
			
			
				MERLIN PROPERTIES SOCIMI SA
				959800L8KD863DP30X04
				MERLIN PROPERTIES SOCIMI SA
				N/A
				
					
					
				
				199300.00
				NS
				
				2237153.64
				0.4241878744334
				Long
				EC
				CORP
				ES
				
				N
				
				2
				
					N
					N
					N
				
			
			
				EXTRA SPACE STORAGE INC
				549300YNKSKNZFR8UC42
				EXTRA SPACE STORAGE INC
				30225T102
				
					
					
				
				40880.00
				NS
				USD
				7118843.20
				1.3498075909676
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				AEDIFICA SA
				529900DTKNXL0AXQFN28
				AEDIFICA SA
				N/A
				
					
					
				
				26440.00
				NS
				
				3788170.09
				0.7182769165864
				Long
				EC
				CORP
				BE
				
				N
				
				2
				
					N
					N
					N
				
			
			
				GOODMAN GROUP
				N/A
				GOODMAN GROUP
				N/A
				
					
					
				
				124360.00
				NS
				
				2069941.32
				0.3924826587827
				Long
				EC
				CORP
				AU
				
				N
				
				2
				
					N
					N
					N
				
			
			
				SUNTEC REAL ESTATE INVESTMENT TRUST
				549300C46QFXSI2F4K13
				SUNTEC REAL ESTATE INVESTMENT TRUST
				N/A
				
					
					
				
				2273600.00
				NS
				
				2449741.13
				0.4644966998542
				Long
				EC
				CORP
				SG
				
				N
				
				2
				
					N
					N
					N
				
			
			
				MITSUBISHI ESTATE CO LTD
				353800KOFMRGOXSJ5Z65
				MITSUBISHI ESTATE CO LTD
				N/A
				
					
					
				
				324200.00
				NS
				
				5087079.64
				0.9645638372718
				Long
				EC
				CORP
				JP
				
				N
				
				2
				
					N
					N
					N
				
			
			
				VONOVIA SE
				5299005A2ZEP6AP7KM81
				VONOVIA SE
				N/A
				
					
					
				
				207214.00
				NS
				
				13814567.08
				2.6193873058638
				Long
				EC
				CORP
				DE
				
				N
				
				2
				
					N
					N
					N
				
			
			
				LAND SECURITIES GROUP PLC
				213800V8IAVKS37D6B88
				LAND SECURITIES GROUP PLC
				N/A
				
					
					
				
				552661.6364
				NS
				
				5447656.16
				1.0329329402492
				Long
				EC
				CORP
				GB
				
				N
				
				2
				
					N
					N
					N
				
			
			
				MITSUI FUDOSAN CO LTD
				353800ND4ZKNZDYKMF33
				MITSUI FUDOSAN CO LTD
				N/A
				
					
					
				
				357900.00
				NS
				
				8380524.96
				1.5890357308756
				Long
				EC
				CORP
				JP
				
				N
				
				2
				
					N
					N
					N
				
			
			
				DEUTSCHE WOHNEN SE
				529900QE24Q67I3FWZ10
				DEUTSCHE WOHNEN SE
				N/A
				
					
					
				
				35990.00
				NS
				
				2247948.83
				0.4262347560683
				Long
				EC
				CORP
				DE
				
				N
				
				2
				
					N
					N
					N
				
			
			
				ACTIVIA PROPERTIES INC
				353800RPGYN3ML8CXV54
				ACTIVIA PROPERTIES INC
				N/A
				
					
					
				
				691.00
				NS
				
				3138418.40
				0.5950771580349
				Long
				EC
				CORP
				JP
				
				N
				
				2
				
					N
					N
					N
				
			
			
				CAPITALAND LTD
				2549006LYGY45GHGWZ89
				CAPITALAND LTD
				N/A
				
					
					
				
				976200.00
				NS
				
				2904847.57
				0.5507896705169
				Long
				EC
				CORP
				SG
				
				N
				
				2
				
					N
					N
					N
				
			
			
				LINK REIT
				529900XUE70U36QX5M62
				LINK REIT
				N/A
				
					
					
				
				535700.00
				NS
				
				5125507.58
				0.9718501791198
				Long
				EC
				CORP
				HK
				
				N
				
				2
				
					N
					N
					N
				
			
			
				KENEDIX OFFICE INVESTMENT CORP
				353800FFT483NCIHFY42
				KENEDIX OFFICE INVESTMENT CORP
				N/A
				
					
					
				
				567.00
				NS
				
				4177185.17
				0.7920382698334
				Long
				EC
				CORP
				JP
				
				N
				
				2
				
					N
					N
					N
				
			
			
				SUN HUNG KAI PROPERTIES LTD
				529900LUMD393RD3S874
				SUN HUNG KAI PROPERTIES LTD
				N/A
				
					
					
				
				621000.00
				NS
				
				8899674.52
				1.687471951094
				Long
				EC
				CORP
				HK
				
				N
				
				2
				
					N
					N
					N
				
			
			
				AMERICOLD REALTY TRUST
				549300R7N1V5YV8MWH02
				AMERICOLD REALTY TRUST
				03064D108
				
					
					
				
				143600.00
				NS
				USD
				5578860.00
				1.0578105691308
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					
				
			
			
				SCENTRE GROUP
				549300VRF0U0JH8TBJ74
				SCENTRE GROUP
				N/A
				
					
					
				
				2251120.00
				NS
				
				4314775.46
				0.8181268368474
				Long
				EC
				CORP
				AU
				
				N
				
				2
				
					N
					N
					N
				
			
			
				SWIRE PROPERTIES LTD
				5299001L12PHYVQ92465
				SWIRE PROPERTIES LTD
				N/A
				
					
					
				
				1021800.00
				NS
				
				2907911.06
				0.5513705404617
				Long
				EC
				CORP
				HK
				
				N
				
				2
				
					N
					N
					N
				
			
			
				CHARTWELL RETIREMENT RESIDENCES
				549300M7UBEIZBWP4069
				CHARTWELL RETIREMENT RESIDENCES
				N/A
				
					
					
				
				423630.00
				NS
				
				4451578.47
				0.8440661272879
				Long
				EC
				CORP
				CA
				
				N
				
				1
				
					N
					N
					N
				
			
			
				HONGKONG LAND HOLDINGS LTD
				213800XCHYNRPAYGXW28
				HONGKONG LAND HOLDINGS LTD
				N/A
				
					
					
				
				451500.00
				NS
				USD
				2049842.80
				0.3886717678695
				Long
				EC
				CORP
				BM
				
				N
				
				2
				
					N
					N
					N
				
			
			
				LEG IMMOBILIEN SE
				391200SO40AKONBO0Z96
				LEG IMMOBILIEN SE
				N/A
				
					
					
				
				47790.00
				NS
				
				7561718.06
				1.4337813253345
				Long
				EC
				CORP
				DE
				
				N
				
				2
				
					N
					N
					N
				
			
			
				AROUNDTOWN SA
				529900H4DWG3KWMBMQ39
				AROUNDTOWN SA
				N/A
				
					
					
				
				530733.00
				NS
				
				4161480.97
				0.789060588239
				Long
				EC
				CORP
				LU
				
				N
				
				2
				
					N
					N
					N
				
			
			
				AEON MALL CO LTD
				353800IDE3ULLSB2R846
				AEON MALL CO LTD
				N/A
				
					
					
				
				123456.00
				NS
				
				1880030.78
				0.356473621739
				Long
				EC
				CORP
				JP
				
				N
				
				2
				
					N
					N
					N
				
			
			
				ORIX JREIT INC
				N/A
				ORIX JREIT INC
				N/A
				
					
					
				
				3320.00
				NS
				
				6340445.91
				1.2022152727619
				Long
				EC
				CORP
				JP
				
				N
				
				2
				
					N
					N
					N
				
			
			
				TOKYU FUDOSAN HOLDINGS CORP
				N/A
				TOKYU FUDOSAN HOLDINGS CORP
				N/A
				
					
					
				
				393200.00
				NS
				
				2217702.84
				0.4204997980489
				Long
				EC
				CORP
				JP
				
				N
				
				2
				
					N
					N
					N
				
			
			
				SAFESTORE HOLDINGS PLC
				213800WGA3YSJC1YOH73
				SAFESTORE HOLDINGS PLC
				N/A
				
					
					
				
				207203.00
				NS
				
				3037083.63
				0.5758630191738
				Long
				EC
				CORP
				GB
				
				N
				
				2
				
					N
					N
					N
				
			
			
				COUSINS PROPERTIES INC
				5493007XPYD5EJABN062
				COUSINS PROPERTIES INC
				222795502
				
					
					
				
				119590.00
				NS
				USD
				4750114.80
				0.9006717573169
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				WP CAREY INC
				54930042CRNE713E3Q67
				WP CAREY INC
				92936U109
				
					
					
				
				29310.00
				NS
				USD
				2365023.90
				0.4484334214637
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				WAREHOUSES DE PAUW CVA
				549300HWDYC5JXC85138
				WAREHOUSES DE PAUW CVA
				N/A
				
					
					
				
				119866.00
				NS
				
				5150370.05
				0.9765643650898
				Long
				EC
				CORP
				BE
				
				N
				
				2
				
					N
					N
					N
				
			
			
				CITY DEVELOPMENTS LTD
				254900BPLPJS0RJ72373
				CITY DEVELOPMENTS LTD
				N/A
				
					
					
				
				352100.00
				NS
				
				1778377.80
				0.3371991469131
				Long
				EC
				CORP
				SG
				
				N
				
				2
				
					N
					N
					N
				
			
			
				SIMON PROPERTY GROUP INC
				529900GQL5X8H7AO3T64
				SIMON PROPERTY GROUP INC
				828806109
				
					
					
				
				64590.00
				NS
				USD
				8171926.80
				1.5494833244074
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				AGREE REALTY CORP
				549300DXY3G299V1BO77
				AGREE REALTY CORP
				008492100
				
					
					
				
				126580.00
				NS
				USD
				9512487.00
				1.8036676466733
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				NOMURA REAL ESTATE MASTER FUND INC
				353800TNNZOQ1CPZE086
				NOMURA REAL ESTATE MASTER FUND INC
				N/A
				
					
					
				
				3139.00
				NS
				
				4990462.43
				0.9462441974354
				Long
				EC
				CORP
				JP
				
				N
				
				2
				
					N
					N
					N
				
			
			
				RETAIL PROPERTIES OF AMERICA INC
				549300OVTYLM7DH6CM14
				RETAIL PROPERTIES OF AMERICA INC
				76131V202
				
					
					
				
				443916.00
				NS
				USD
				5597780.76
				1.061398144353
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				NIPPON BUILDING FUND INC
				52990053R8NL2MB32172
				NIPPON BUILDING FUND INC
				N/A
				
					
					
				
				595.00
				NS
				
				3844853.33
				0.7290246554371
				Long
				EC
				CORP
				JP
				
				N
				
				2
				
					N
					N
					N
				
			
			
				ACADIA REALTY TRUST
				N/A
				ACADIA REALTY TRUST
				004239109
				
					
					
				
				225980.00
				NS
				USD
				4835972.00
				0.9169511860166
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				EPR PROPERTIES
				549300YSSXFHMPOWZ492
				EPR PROPERTIES
				26884U109
				
					
					
				
				28064.00
				NS
				USD
				1411619.20
				0.2676578565061
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				BRIXMOR PROPERTY GROUP INC
				5299007UXW6Y0W2EGZ95
				BRIXMOR PROPERTY GROUP INC
				11120U105
				
					
					
				
				364887.00
				NS
				USD
				8399698.74
				1.5926712813527
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				VEREIT INC
				5493002H54FNIBW75H44
				VEREIT INC
				92339V308
				
					
					
				
				87617.00
				NS
				USD
				4290604.49
				0.8135437665548
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				EQUITY RESIDENTIAL
				5493008RACSH5EP3PI59
				EQUITY RESIDENTIAL
				29476L107
				
					
					
				
				144530.00
				NS
				USD
				12159308.90
				2.3055329346402
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				HOST HOTELS & RESORTS INC
				N6EL63S0K3PB1YFTDI24
				HOST HOTELS & RESORTS INC
				44107P104
				
					
					
				
				404476.00
				NS
				USD
				6443302.68
				1.2217179988408
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				HIBERNIA REIT PLC
				635400MHRA4QVVFTON18
				HIBERNIA REIT PLC
				N/A
				
					
					
				
				1506422.00
				NS
				
				2332867.79
				0.4423362845898
				Long
				EC
				CORP
				IE
				
				N
				
				2
				
					N
					N
					N
				
			
			
				MIRVAC GROUP
				549300IZVATGO3EBSH35
				MIRVAC GROUP
				N/A
				
					
					
				
				2382525.00
				NS
				
				5008110.40
				0.9495904382784
				Long
				EC
				CORP
				AU
				
				N
				
				2
				
					N
					N
					N
				
			
			
				JAPAN HOTEL REIT INVESTMENT CORP
				353800L8KG849FP1JI68
				JAPAN HOTEL REIT INVESTMENT CORP
				N/A
				
					
					
				
				4683.00
				NS
				
				2851741.01
				0.540720107836
				Long
				EC
				CORP
				JP
				
				N
				
				2
				
					N
					N
					N
				
			
			
				LENDLEASE CORP LTD
				549300MQ0F0TIIEK5592
				LENDLEASE CORP LTD
				N/A
				
					
					
				
				61454.00
				NS
				
				551695.76
				0.1046073222616
				Long
				EC
				CORP
				AU
				
				N
				
				2
				
					N
					N
					N
				
			
			
				DEXUS PROPERTY GROUP
				N/A
				DEXUS
				N/A
				
					
					
				
				449370.00
				NS
				
				3390037.39
				0.6427867666316
				Long
				EC
				CORP
				AU
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ABACUS PROPERTY GROUP
				2138009R3Y4TK4IZDW59
				ABACUS PROPERTY GROUP
				N/A
				
					
					
				
				423504.00
				NS
				
				988453.37
				0.1874211616493
				Long
				EC
				CORP
				AU
				
				N
				
				2
				
					N
					N
					N
				
			
			
				SOSILA LOGISTICS REIT INC
				N/A
				SOSILA LOGISTICS REIT INC
				N/A
				
					
					
				
				697.00
				NS
				
				1094071.40
				0.2074474516843
				Long
				EC
				CORP
				JP
				
				N
				
				2
				
					N
					N
					N
				
			
			
				EAN12E3Q8B65IJJK_1046500_L
				N/A
				NOK/USD SPOT 20210802 00189
				N/A
				
					
					
				
				1393284.00
				NC
				
				157706.35
				0.0299027836957
				Long
				DFE
				
				NO
				
				N
				
				2
				
					
						
							STATE STREET GLOBAL MARKETS LLC
							N/A
						
						157706.35
						USD
						1393284.00
						NOK
						2021-08-02
						-1670.00
					
				
				
					N
					N
					N
				
			
			
				UJS22L0OP9HII92S_1046500_S
				N/A
				EUR/USD SPOT 20210802 00189
				N/A
				
					
					
				
				-222456.00
				NC
				
				-263903.68
				-0.0500389151074
				Short
				DFE
				
				XX
				
				N
				
				2
				
					
						
							STATE STREET GLOBAL MARKETS LLC
							N/A
						
						222456.00
						EUR
						263903.68
						USD
						2021-08-02
						578.71
					
				
				
					N
					N
					N
				
			
			
				ENTRA ASA
				549300APU14LQKTYCH34
				ENTRA ASA
				N/A
				
					
					
				
				58015.00
				NS
				
				1414454.97
				0.2681955483424
				Long
				EC
				CORP
				NO
				
				Y
				
				2
				
					N
					N
					N
				
			
			
				GAMING AND LEISURE PROPERTIES INC
				5493006GWRDBCZYWTM57
				GAMING AND LEISURE PROPERTIES INC
				36467J108
				
					
					
				
				44224.00
				NS
				USD
				2093564.16
				0.3969617978586
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				BROADSTONE NET LEASE INC
				N/A
				BROADSTONE NET LEASE INC
				11135E203
				
					
					
				
				133040.00
				NS
				USD
				3461700.80
				0.6563749033689
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					
				
			
			
				OMEGA HEALTHCARE INVESTORS INC
				549300OJ7ENK42CZ8E73
				OMEGA HEALTHCARE INVESTORS INC
				681936100
				
					
					
				
				62890.00
				NS
				USD
				2281649.20
				0.4326247008903
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				MEDICAL PROPERTIES TRUST INC
				254900U6E39J1MQCCY14
				MEDICAL PROPERTIES TRUST INC
				58463J304
				
					
					
				
				281510.00
				NS
				USD
				5920155.30
				1.1225237498765
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				ESSEX PROPERTY TRUST INC
				549300TR2H2VEFX0NC60
				ESSEX PROPERTY TRUST INC
				297178105
				
					
					
				
				17678.00
				NS
				USD
				5800151.80
				1.0997698233337
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				WELLTOWER INC
				T6IZ0MBEG5ACZDTR7D06
				WELLTOWER INC
				95040Q104
				
					
					
				
				154060.00
				NS
				USD
				13381651.60
				2.5373019747595
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				EQUINIX INC
				549300EVUN2BTLJ3GT74
				EQUINIX INC
				29444U700
				
					
					
				
				17240.00
				NS
				USD
				14143868.40
				2.6818263017742
				Long
				EC
				CORP
				US
				
				N
				
				1
				
					N
					N
					N
				
			
			
				DREYFUS INSTITUTIONAL PREFERRE
				549300RBWL04JG8SIX57
				Dreyfus Institutional Preferred Government Plus Money Market Fund
				N/A
				
					
					
				
				4402187.30
				OU
				Other Units
				USD
				4402187.30
				0.8347010416525
				Long
				STIV
				RF
				US
				
				N
				
				1
				
					2099-12-01
					Variable
					0.05358
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				99VVB9HH4
				N/A
				DREYFUS INST PREF GOVT PLUS MMF - SL #4134
				99VVB9HH4
				
					
					
				
				262856.40
				OU
				Other Units
				USD
				262856.40
				0.0498403397976
				Long
				
				RF
				US
				
				N
				1
				
					
					N
					N
				
			
		
		
			2021-09-27
			BNY Mellon Advantage Funds, Inc.
			James Windels
			James Windels
			Fund Treasurer
		
	
	XXXX



STATEMENT OF INVESTMENTS
BNY Mellon Global Real Estate Securities Fund

July 31, 2021 (Unaudited)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.1%

     

Australia - 3.1%

     

Abacus Property Group

   

413,004

 

963,947

 

Dexus

   

449,370

 

3,390,037

 

Goodman Group

   

121,860

 

2,028,329

 

LendLease Group

   

102,375

 

919,059

 

Mirvac Group

   

2,213,080

 

4,651,934

 

Scentre Group

   

2,251,120

 

4,314,775

 
    

16,268,081

 

Belgium - 1.7%

     

Aedifica

   

26,240

 

3,759,515

 

Warehouses De Pauw, CVA

   

115,766

 

4,974,202

 
    

8,733,717

 

Canada - 2.7%

     

Boardwalk Real Estate Investment Trust

   

42,980

 

1,573,683

 

Chartwell Retirement Residences

   

423,630

 

4,451,578

 

H&R Real Estate Investment Trust

   

128,040

 

1,727,247

 

RioCan Real Estate Investment Trust

   

165,860

 

3,003,188

 

Summit Industrial Income REIT

   

222,660

 

3,385,589

 
    

14,141,285

 

Germany - 5.9%

     

alstria office REIT

   

177,723

 

3,764,490

 

Deutsche EuroShop

   

183,140

 

4,352,330

 

Deutsche Wohnen

   

25,190

 

1,573,377

 

LEG Immobilien

   

47,790

 

7,561,718

 

Vonovia

   

207,214

 

13,814,567

 
    

31,066,482

 

Hong Kong - 5.0%

     

CK Asset Holdings

   

301,000

 

2,052,484

 

Hongkong Land Holdings

   

451,500

 

2,049,843

 

Hysan Development

   

525,000

 

2,068,027

 

Link REIT

   

530,700

 

5,077,668

 

New World Development

   

683,000

 

3,242,651

 

Sun Hung Kai Properties

   

615,000

 

8,813,687

 

Swire Properties

   

1,021,800

 

2,907,911

 
    

26,212,271

 

Ireland - .8%

     

Hibernia REIT

   

1,486,922

 

2,302,670

 

Irish Residential Properties REIT

   

1,151,900

a 

2,103,672

 
    

4,406,342

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.1% (continued)

     

Japan - 9.9%

     

Activia Properties

   

691

 

3,138,418

 

AEON Mall

   

123,456

 

1,880,031

 

Japan Hotel REIT Investment

   

4,683

 

2,851,741

 

Japan Prime Realty Investment

   

752

 

2,940,626

 

Kenedix Office Investment

   

567

 

4,177,185

 

Mitsubishi Estate

   

324,200

 

5,087,080

 

Mitsui Fudosan

   

352,900

 

8,263,446

 

Mitsui Fudosan Logistics Park

   

1,014

 

5,677,998

 

Nippon Building Fund

   

595

 

3,844,853

 

Nomura Real Estate Master Fund

   

3,139

 

4,990,462

 

Orix JREIT

   

3,320

 

6,340,446

 

SOSiLA Logistics REIT

   

609

 

955,939

 

Tokyu Fudosan Holdings

   

393,200

 

2,217,703

 
    

52,365,928

 

Luxembourg - .8%

     

Aroundtown

   

530,733

 

 4,161,481

 

Norway - .3%

     

Entra

   

68,541

b 

 1,671,088

 

Singapore - 2.8%

     

Ascendas Real Estate Investment Trust

   

1,462,200

 

3,366,796

 

Ascott Residence Trust

   

1,372,500

 

1,043,297

 

CapitaLand

   

976,200

 

2,904,848

 

CapitaLand Integrated Commercial Trust

   

2,166,400

 

3,437,402

 

City Developments

   

352,100

 

1,778,378

 

Suntec Real Estate Investment Trust

   

2,273,600

 

2,449,741

 
    

14,980,462

 

Spain - .4%

     

Merlin Properties Socimi

   

199,300

 

 2,237,154

 

Sweden - 2.0%

     

Fabege

   

228,908

 

3,971,885

 

Kungsleden

   

361,350

 

4,880,194

 

Wihlborgs Fastigheter

   

67,220

 

1,564,912

 
    

10,416,991

 

United Kingdom - 4.8%

     

Assura

   

2,056,226

 

2,227,701

 

Empiric Student Property

   

1,705,090

c 

2,293,778

 

Grainger

   

543,119

 

2,289,590

 

Land Securities Group

   

552,662

 

5,447,656

 

Safestore Holdings

   

203,603

 

2,984,317

 

Segro

   

443,667

 

7,506,471

 

Tritax Big Box REIT

   

962,360

 

2,816,113

 
    

25,565,626

 

United States - 57.9%

     

Acadia Realty Trust

   

225,980

d 

4,835,972

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.1% (continued)

     

United States - 57.9% (continued)

     

Agree Realty

   

126,580

d 

9,512,487

 

American Campus Communities

   

256,001

d 

12,879,410

 

Americold Realty Trust

   

143,600

a,d 

5,578,860

 

AvalonBay Communities

   

56,990

d 

12,984,032

 

Brixmor Property Group

   

364,887

d 

8,399,699

 

Broadstone Net Lease

   

112,460

a,d 

2,926,209

 

Columbia Property Trust

   

212,218

d 

3,537,674

 

Cousins Properties

   

119,590

d 

4,750,115

 

Digital Realty Trust

   

48,410

d 

7,462,886

 

Diversified Healthcare Trust

   

384,560

d 

1,499,784

 

EPR Properties

   

28,064

d 

1,411,619

 

Equinix

   

17,240

d 

14,143,868

 

Equity Residential

   

149,570

d 

12,583,324

 

Essex Property Trust

   

16,098

d 

5,281,754

 

Extra Space Storage

   

40,880

d 

7,118,843

 

First Industrial Realty Trust

   

60,523

d 

3,315,450

 

Gaming & Leisure Properties

   

44,224

d 

2,093,564

 

Host Hotels & Resorts

   

404,476

c,d 

6,443,303

 

Hudson Pacific Properties

   

94,270

d 

2,569,800

 

Invitation Homes

   

480,130

d 

19,531,688

 

JBG SMITH Properties

   

199,473

d 

6,508,804

 

Kilroy Realty

   

68,690

d 

4,758,156

 

Life Storage

   

120,410

d 

14,131,318

 

Medical Properties Trust

   

281,510

d 

5,920,155

 

MGM Growth Properties, Cl. A

   

91,870

d 

3,472,686

 

Omega Healthcare Investors

   

62,890

d 

2,281,649

 

Park Hotels & Resorts

   

246,020

c,d 

4,551,370

 

Prologis

   

219,430

d 

28,095,817

 

Retail Properties of America, Cl. A

   

443,916

d 

5,597,781

 

Rexford Industrial Realty

   

112,776

a,d 

6,937,980

 

Sabra Health Care REIT

   

295,239

d 

5,488,493

 

SBA Communications

   

28,200

d 

9,615,918

 

Simon Property Group

   

67,410

d 

8,528,713

 

Sun Communities

   

47,510

d 

9,317,186

 

UDR

   

188,290

d 

10,354,067

 

Ventas

   

190,910

d 

11,412,600

 

VEREIT

   

87,617

d 

4,290,605

 

Welltower

   

154,060

d 

13,381,652

 

WP Carey

   

22,770

d 

1,837,311

 
    

305,342,602

 

Total Common Stocks (cost $388,640,809)

   

517,569,510

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 
  

1-Day
Yield (%)

     

Investment Companies - .8%

     

Registered Investment Companies - .8%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares
(cost $4,402,187)

 

0.05

 

4,402,187

e 

 4,402,187

 
        

Investment of Cash Collateral for Securities Loaned - .1%

     

Registered Investment Companies - .1%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund, SL Shares
(cost $262,856)

 

0.01

 

262,856

e 

 262,856

 

Total Investments (cost $393,305,852)

 

99.0%

 

522,234,553

 

Cash and Receivables (Net)

 

1.0%

 

5,162,333

 

Net Assets

 

100.0%

 

527,396,886

 

CVA—Company Voluntary Arrangement

a Security, or portion thereof, on loan. At July 31, 2021, the value of the fund’s securities on loan was $10,281,303 and the value of the collateral was $10,466,033, consisting of cash collateral of $262,856 and U.S. Government & Agency securities valued at $10,203,177.

b Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2021, these securities were valued at $1,671,088 or .32% of net assets.

c Non-income producing security.

d Investment in real estate investment trust within the United States.

e Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company’s prospectus.


STATEMENT OF INVESTMENTS
BNY Mellon Global Real Estate Securities Fund

July 31, 2021 (Unaudited)

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

319,483,887

198,085,623

†† 

-

517,569,510

Investment Companies

4,665,043

-

 

-

4,665,043

Other Financial Instruments:

     

Forward Foreign Currency Exchange Contracts†††

-

579

 

-

579

Liabilities ($)

     

Other Financial Instruments:

     

Forward Foreign Currency Exchange Contracts†††

-

(2,076)

 

-

(2,076)

      

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

†† Securities classified within Level 2 at period end as the values were determined pursuant to the fund’s fair valuation procedures.

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


STATEMENT OF FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS
BNY Mellon Global Real Estate Securities Fund

July 31, 2021 (Unaudited)

      

Counterparty/ Purchased
Currency

Purchased Currency
Amounts

Currency
Sold

Sold
Currency
Amounts

Settlement Date

Unrealized Appreciation (Depreciation) ($)

State Street Bank and Trust Company

United States Dollar

1,031,959

Euro

870,000

8/3/2021

(158)

Norwegian Krone

1,393,284

United States Dollar

159,376

8/2/2021

(1,670)

Norwegian Krone

2,299,515

United States Dollar

260,386

8/3/2021

(102)

United States Dollar

364,478

Japanese Yen

40,000,000

8/3/2021

(146)

United States Dollar

264,483

Euro

222,456

8/2/2021

579

Gross Unrealized Appreciation

  

579

Gross Unrealized Depreciation

  

(2,076)

See notes to financial statements.


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.

Investments denominated in foreign currencies are translated to U.S. dollars at the prevailing rates of exchange.

Financial futures and options, which are traded on an exchange, are valued at the last sales price on the securities exchange on which such securities are primarily traded or at the last sales price on the national securities market on each business day and are generally categorized within Level 1 of the fair value hierarchy. Options traded over-the-counter (“OTC”) are valued at the mean between the bid and asked price and are generally categorized within Level 2 of the fair value hierarchy. Investments in swap


transactions are valued each business day by the Service. Swaps are valued by the Service by using a swap pricing model which incorporates among other factors, default probabilities, recovery rates, credit curves of the underlying issuer and swap spreads on interest rates and are generally categorized within Level 2 of the fair value hierarchy. Forward contracts are valued at the forward rate and are generally categorized within Level 2 of the fair value hierarchy.

Pursuant to a securities lending agreement with The Bank of New York Mellon, a subsidiary of BNY Mellon and an affiliate of BNY Mellon Investment Adviser, Inc., the fund may lend securities to qualified institutions. It is the fund’s policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral equivalent to at least 100% of the market value of securities on loan is maintained at all times. Collateral is either in the form of cash, which can be invested in certain money market mutual funds managed by BNY Mellon Investment Adviser Inc., or U.S. Government and Agency securities. The fund is entitled to receive all dividends, interest and distributions on securities loaned, in addition to income earned as a result of the lending transaction. Should a borrower fail to return the securities in a timely manner, The Bank of New York Mellon is required to replace the securities for the benefit of the fund or credit the fund with the market value of the unreturned securities and is subrogated to the fund’s rights against the borrower and the collateral. Additionally, the contractual maturity of security lending transactions are on an overnight and continuous basis.

Derivatives: A derivative is a financial instrument whose performance is derived from the performance of another asset. Each type of derivative instrument that was held by the fund at July 31, 2021 is discussed below.

Forward Foreign Currency Exchange Contracts: The fund enters into forward contracts in order to hedge its exposure to changes in foreign currency exchange rates on its foreign portfolio holdings, to settle foreign currency transactions or as a part of its investment strategy. When executing forward contracts, the fund is obligated to buy or sell a foreign currency at a specified rate on a certain date in the future. With respect to sales of forward contracts, the fund incurs a loss if the value of the contract increases between the date the forward contract is opened and the date the forward contract is closed. The fund realizes a gain if the value of the contract decreases between those dates. With respect to purchases of forward contracts, the fund incurs a loss if the value of the contract decreases between the date the forward contract is opened and the date the forward contract is closed. The fund realizes a gain if the value of the contract increases between those dates. Any realized or unrealized gains or losses which occurred during the period are reflected in the Statement of Operations. The fund is exposed to foreign currency risk as a result of changes in value of underlying financial instruments. The fund is also exposed to credit risk associated with counterparty nonperformance on these forward contracts, which is generally limited to the unrealized gain on each open contract. This risk may be mitigated by Master Agreements, if any, between the fund and the counterparty and the posting of collateral, if any, by the counterparty to the fund to cover the fund’s exposure to the counterparty.


At July 31, 2021, accumulated net unrealized appreciation on investments was $128,928,701, consisting of $132,292,641 gross unrealized appreciation and $3,363,940 gross unrealized depreciation.

At July 31, 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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