STATEMENT
OF INVESTMENTS
BNY Mellon Asset Allocation Fund
May 31, 2021 (Unaudited)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Bonds and Notes - 11.8% | |||||||||
Aerospace & Defense - .1% | |||||||||
Northrop Grumman, Sr. Unscd. Notes | 2.93 | 1/15/2025 | 235,000 | 251,519 | |||||
The Boeing Company, Sr. Unscd. Notes | 1.95 | 2/1/2024 | 300,000 | 308,388 | |||||
559,907 | |||||||||
Airlines - .2% | |||||||||
American Airlines Pass Through Trust, Ser. 2015-1, Cl. A | 3.38 | 5/1/2027 | 270,132 | 270,865 | |||||
Delta Air Lines Pass Through Trust, Ser. 2019-1, Cl. AA | 3.20 | 4/25/2024 | 250,000 | 262,634 | |||||
United Airlines Pass Through Trust, Ser. 2019-1, Cl. AA | 4.15 | 8/25/2031 | 332,820 | 360,798 | |||||
United Airlines Pass Through Trust, Ser. 2019-2, Cl. AA | 2.70 | 5/1/2032 | 259,498 | 258,616 | |||||
1,152,913 | |||||||||
Automobiles & Components - .1% | |||||||||
General Motors, Sr. Unscd. Notes | 5.40 | 10/2/2023 | 150,000 | 165,977 | |||||
General Motors Financial, Sr. Unscd. Notes | 1.70 | 8/18/2023 | 150,000 | 153,464 | |||||
Volkswagen Group of America Finance, Gtd. Notes | 2.90 | 5/13/2022 | 300,000 | a | 307,241 | ||||
626,682 | |||||||||
Banks - .8% | |||||||||
Banco Santander, Sr. Unscd. Notes | 2.75 | 5/28/2025 | 200,000 | 212,083 | |||||
Bank of America, Sub. Notes, Ser. L | 3.95 | 4/21/2025 | 495,000 | 546,701 | |||||
Citigroup, Sub. Notes | 4.45 | 9/29/2027 | 435,000 | 498,260 | |||||
Citizens Bank, Sr. Unscd. Notes | 2.25 | 4/28/2025 | 310,000 | 324,439 | |||||
HSBC Holdings, Sr. Unscd. Notes | 4.95 | 3/31/2030 | 175,000 | 207,589 | |||||
JPMorgan Chase & Co., Jr. Sub. Bonds, Ser. II | 4.00 | 4/1/2025 | 290,000 | b | 290,544 | ||||
Lloyds Bank, Jr. Sub. Notes | 12.00 | 12/16/2024 | 200,000 | a,b | 217,723 | ||||
Morgan Stanley, Sub. Notes | 4.88 | 11/1/2022 | 500,000 | 531,103 | |||||
NatWest Group, Sr. Unscd. Notes | 5.08 | 1/27/2030 | 260,000 | 304,433 | |||||
Nordea Bank, Jr. Sub. Notes | 6.63 | 3/26/2026 | 255,000 | a,b | 293,305 | ||||
Societe Generale, Sub. Notes | 4.75 | 11/24/2025 | 250,000 | a | 280,241 | ||||
The Goldman Sachs Group, Sub. Notes | 6.75 | 10/1/2037 | 395,000 | 564,228 | |||||
4,270,649 | |||||||||
Beverage Products - .1% | |||||||||
Anheuser-Busch InBev Worldwide, Gtd. Notes | 4.90 | 2/1/2046 | 320,000 | 384,293 | |||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Bonds and Notes - 11.8% (continued) | |||||||||
Chemicals - .1% | |||||||||
Huntsman International, Sr. Unscd. Notes | 4.50 | 5/1/2029 | 375,000 | 423,837 | |||||
Yara International, Sr. Unscd. Notes | 3.15 | 6/4/2030 | 230,000 | a | 242,041 | ||||
665,878 | |||||||||
Commercial & Professional Services - .2% | |||||||||
Global Payments, Sr. Unscd. Notes | 4.80 | 4/1/2026 | 320,000 | 368,288 | |||||
Novant Health, Unscd. Bonds | 2.64 | 11/1/2036 | 200,000 | 200,782 | |||||
The George Washington University, Unscd. Bonds, Ser. 2018 | 4.13 | 9/15/2048 | 325,000 | 390,075 | |||||
959,145 | |||||||||
Commercial Mortgage Pass-Through Certificates - .2% | |||||||||
UBS Commercial Mortgage Trust, Ser. 2012-C1, Cl. A3 | 3.40 | 5/10/2045 | 253,045 | 255,398 | |||||
WFRBS Commercial Mortgage Trust, Ser. 2013-C12, CI. A4 | 3.20 | 3/15/2048 | 308,096 | 318,053 | |||||
WFRBS Commercial Mortgage Trust, Ser. 2013-C13, Cl. A4 | 3.00 | 5/15/2045 | 540,000 | 562,370 | |||||
1,135,821 | |||||||||
Diversified Financials - .2% | |||||||||
AerCap Global Aviation Trust, Gtd. Notes | 1.75 | 1/30/2026 | 225,000 | 221,681 | |||||
Aircastle, Sr. Unscd. Notes | 2.85 | 1/26/2028 | 500,000 | a | 491,988 | ||||
Goldman Sachs BDC, Sr. Unscd. Notes | 3.75 | 2/10/2025 | 200,000 | 215,461 | |||||
929,130 | |||||||||
Electronic Components - .1% | |||||||||
Jabil, Sr. Unscd. Notes | 3.60 | 1/15/2030 | 300,000 | c | 322,639 | ||||
Energy - .4% | |||||||||
BP Capital Markets, Gtd. Notes | 2.50 | 11/6/2022 | 255,000 | 263,173 | |||||
Cheniere Corpus Christi Holdings, Sr. Scd. Notes | 5.13 | 6/30/2027 | 250,000 | 290,309 | |||||
Diamondback Energy, Gtd. Notes | 3.13 | 3/24/2031 | 200,000 | 204,807 | |||||
Diamondback Energy, Gtd. Notes | 3.50 | 12/1/2029 | 215,000 | 228,067 | |||||
Energy Transfer, Sr. Unscd. Notes | 5.25 | 4/15/2029 | 440,000 | 512,972 | |||||
Marathon Petroleum, Sr. Unscd. Notes | 3.80 | 4/1/2028 | 175,000 | 193,248 | |||||
Sabine Pass Liquefaction, Sr. Scd. Notes | 4.50 | 5/15/2030 | 200,000 | 226,943 | |||||
Spectra Energy Partners, Gtd. Notes | 3.50 | 3/15/2025 | 195,000 | 211,297 | |||||
2,130,816 | |||||||||
Environmental Control - .0% | |||||||||
Waste Connections, Sr. Unscd. Notes | 3.50 | 5/1/2029 | 225,000 | 245,319 | |||||
Financials - .1% | |||||||||
Apollo Management Holdings, Gtd. Notes | 4.87 | 2/15/2029 | 225,000 | a | 261,505 | ||||
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Bonds and Notes - 11.8% (continued) | |||||||||
Food Products - .1% | |||||||||
The Kroger Company, Sr. Unscd. Notes | 1.70 | 1/15/2031 | 300,000 | c | 283,153 | ||||
Health Care - .3% | |||||||||
AbbVie, Sr. Unscd. Notes | 3.20 | 11/21/2029 | 325,000 | 348,866 | |||||
Amgen, Sr. Unscd. Notes | 5.65 | 6/15/2042 | 230,000 | 308,300 | |||||
CVS Health, Sr. Unscd. Notes | 4.78 | 3/25/2038 | 405,000 | 482,958 | |||||
The Johns Hopkins Health System, Unscd. Bonds | 3.84 | 5/15/2046 | 195,000 | 223,219 | |||||
1,363,343 | |||||||||
Industrial - .0% | |||||||||
John Deere Capital, Sr. Unscd. Notes | 0.45 | 1/17/2024 | 225,000 | c | 225,334 | ||||
Information Technology - .3% | |||||||||
Adobe, Sr. Unscd. Notes | 3.25 | 2/1/2025 | 305,000 | 331,999 | |||||
Fidelity National Information Services, Sr. Unscd. Notes | 3.10 | 3/1/2041 | 225,000 | 221,620 | |||||
Fiserv, Sr. Unscd. Notes | 4.40 | 7/1/2049 | 275,000 | 318,245 | |||||
Microsoft, Sr. Unscd. Notes | 2.53 | 6/1/2050 | 360,000 | 335,950 | |||||
Oracle, Sr. Unscd. Notes | 3.90 | 5/15/2035 | 275,000 | 301,090 | |||||
1,508,904 | |||||||||
Insurance - .1% | |||||||||
MetLife, Jr. Sub. Notes, Ser. G | 3.85 | 9/15/2025 | 100,000 | b | 104,500 | ||||
Prudential, Sr. Unscd. Notes | 3.13 | 4/14/2030 | 250,000 | 266,705 | |||||
371,205 | |||||||||
Internet Software & Services - .2% | |||||||||
Amazon.com, Sr. Unscd. Notes | 1.00 | 5/12/2026 | 350,000 | 350,000 | |||||
Arrow Electronics, Sr. Unscd. Notes | 3.50 | 4/1/2022 | 315,000 | 321,482 | |||||
eBay, Sr. Unscd. Notes | 1.90 | 3/11/2025 | 320,000 | 331,991 | |||||
Tencent Holdings, Sr. Unscd. Notes | 3.98 | 4/11/2029 | 280,000 | a | 308,366 | ||||
1,311,839 | |||||||||
Media - .1% | |||||||||
Sky, Gtd. Notes | 3.75 | 9/16/2024 | 425,000 | a | 466,982 | ||||
The Walt Disney Company, Gtd. Notes | 2.65 | 1/13/2031 | 145,000 | 149,794 | |||||
616,776 | |||||||||
Municipal Securities - .8% | |||||||||
Buckeye Tobacco Settlement Financing Authority, Revenue Bonds, Refunding, Ser. B1 | 1.85 | 6/1/2029 | 500,000 | 500,000 | |||||
California, GO | 3.38 | 4/1/2025 | 175,000 | 193,465 | |||||
California Educational Facilities Authority, Revenue Bonds, Refunding (The Leland Stanford Junior University) Ser. U2 | 5.00 | 10/1/2032 | 375,000 | 524,845 | |||||
JobsOhio Beverage System, Revenue Bonds, Refunding, Ser. A | 2.83 | 1/1/2038 | 150,000 | 155,611 | |||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Bonds and Notes - 11.8% (continued) | |||||||||
Municipal Securities - ..8% (continued) | |||||||||
Massachusetts, GO (Build America Bonds) | 4.91 | 5/1/2029 | 325,000 | 399,793 | |||||
New Jersey Transportation Trust Fund Authority, Revenue Bonds, Refunding | 4.13 | 6/15/2042 | 310,000 | 337,801 | |||||
New Jersey Turnpike Authority, Revenue Bonds, Refunding, Ser. B | 1.48 | 1/1/2028 | 200,000 | 197,929 | |||||
New York City, GO, Refunding Ser. D | 1.92 | 8/1/2031 | 175,000 | 170,796 | |||||
Ohio Turnpike & Infrastructure Commission, Revenue Bonds, Refunding, Ser. A | 3.22 | 2/15/2048 | 250,000 | 251,994 | |||||
Port Authority of New York & New Jersey, Revenue Bonds, Ser. AAA | 1.09 | 7/1/2023 | 255,000 | 258,383 | |||||
State Board of Administration Finance Corp., Revenue Bonds, Ser. A | 2.15 | 7/1/2030 | 280,000 | 282,426 | |||||
Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds (North Tarrant Express Mobility Partners) Ser. B | 3.92 | 12/31/2049 | 250,000 | 269,687 | |||||
Texas Public Finance Authority, Revenue Bonds | 8.25 | 7/1/2024 | 210,000 | 211,790 | |||||
University of California, Revenue Bonds, Refunding (Limited Project) Ser. J | 4.13 | 5/15/2045 | 340,000 | 389,214 | |||||
University of California, Revenue Bonds, Ser. BG | 1.61 | 5/15/2030 | 160,000 | 155,506 | |||||
4,299,240 | |||||||||
Real Estate - .3% | |||||||||
Alexandria Real Estate Equities, Gtd. Notes | 4.30 | 1/15/2026 | 265,000 | 298,404 | |||||
American Homes 4 Rent, Sr. Unscd. Notes | 4.90 | 2/15/2029 | 400,000 | 461,833 | |||||
Brandywine Operating Partnership, Gtd. Notes | 4.10 | 10/1/2024 | 200,000 | 217,722 | |||||
Hudson Pacific Properties, Gtd. Notes | 3.25 | 1/15/2030 | 265,000 | 275,190 | |||||
Life Storage, Gtd. Notes | 4.00 | 6/15/2029 | 160,000 | 176,834 | |||||
Spirit Realty, Gtd. Notes | 2.10 | 3/15/2028 | 225,000 | 222,339 | |||||
1,652,322 | |||||||||
Retailing - .2% | |||||||||
7-Eleven, Sr. Unscd. Notes | 1.80 | 2/10/2031 | 275,000 | a | 258,276 | ||||
Ross Stores, Sr. Unscd. Notes | 4.60 | 4/15/2025 | 225,000 | 254,810 | |||||
The Home Depot, Sr. Unscd. Notes | 1.38 | 3/15/2031 | 280,000 | c | 262,607 | ||||
The TJX Companies, Sr. Unscd. Notes | 3.75 | 4/15/2027 | 200,000 | 224,686 | |||||
1,000,379 | |||||||||
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Bonds and Notes - 11.8% (continued) | |||||||||
Semiconductors & Semiconductor Equipment - .3% | |||||||||
Broadcom, Gtd. Notes | 3.75 | 2/15/2051 | 150,000 | a | 145,980 | ||||
Broadcom Cayman Finance, Gtd. Notes | 3.50 | 1/15/2028 | 300,000 | c | 323,217 | ||||
KLA, Sr. Unscd. Notes | 4.10 | 3/15/2029 | 225,000 | 256,196 | |||||
Lam Research, Sr. Unscd. Notes | 4.00 | 3/15/2029 | 315,000 | 360,324 | |||||
Microchip Technology, Sr. Scd. Notes | 0.97 | 2/15/2024 | 350,000 | a | 350,801 | ||||
Microchip Technology, Sr. Scd. Notes | 0.98 | 9/1/2024 | 115,000 | a | 115,190 | ||||
NXP Funding, Gtd. Notes | 2.70 | 5/1/2025 | 100,000 | a | 105,788 | ||||
1,657,496 | |||||||||
Technology Hardware & Equipment - .1% | |||||||||
Apple, Sr. Unscd. Notes | 4.38 | 5/13/2045 | 255,000 | 312,102 | |||||
Telecommunication Services - .3% | |||||||||
AT&T, Sr. Unscd. Notes | 4.55 | 3/9/2049 | 345,000 | 390,480 | |||||
Telefonica Emisiones, Gtd. Notes | 4.10 | 3/8/2027 | 300,000 | 338,421 | |||||
T-Mobile USA, Sr. Scd. Notes | 3.00 | 2/15/2041 | 325,000 | 305,591 | |||||
Verizon Communications, Sr. Unscd. Notes | 3.40 | 3/22/2041 | 140,000 | 142,544 | |||||
Verizon Communications, Sr. Unscd. Notes | 5.50 | 3/16/2047 | 310,000 | 419,068 | |||||
1,596,104 | |||||||||
Transportation - .2% | |||||||||
J.B. Hunt Transport Services, Gtd. Notes | 3.88 | 3/1/2026 | 310,000 | 346,271 | |||||
Ryder System, Sr. Unscd. Notes | 3.35 | 9/1/2025 | 290,000 | 316,054 | |||||
Union Pacific, Sr. Unscd. Notes | 3.15 | 3/1/2024 | 320,000 | 343,654 | |||||
1,005,979 | |||||||||
U.S. Government Agencies Mortgage-Backed - 3.2% | |||||||||
Federal Home Loan Mortgage Corp.: | |||||||||
1.50%, 1/1/2036-10/1/2050 | 727,263 | d | 724,675 | ||||||
2.00%, 1/1/2041-6/1/2041 | 792,573 | d | 811,394 | ||||||
2.50%, 4/1/2036-5/1/2051 | 1,141,128 | d | 1,186,505 | ||||||
3.00%, 7/1/2050 | 467,413 | d | 489,671 | ||||||
3.50%, 5/1/2051 | 570,000 | d | 607,141 | ||||||
4.00%, 11/1/2049 | 218,347 | d | 233,372 | ||||||
5.00%, 8/1/2049 | 149,490 | d | 164,833 | ||||||
Federal National Mortgage Association: | |||||||||
2.00%, 3/1/2036-3/1/2051 | 1,995,592 | d | 2,028,947 | ||||||
2.50%, 10/1/2050-6/1/2051 | 1,452,760 | d | 1,507,237 | ||||||
3.00%, 1/1/2035-5/1/2051 | 2,089,139 | d | 2,194,030 | ||||||
3.50%, 5/1/2051 | 419,524 | d | 445,409 | ||||||
4.00%, 11/1/2049-2/1/2050 | 642,236 | d | 687,107 | ||||||
4.50%, 3/1/2050 | 330,218 | d | 358,604 | ||||||
Government National Mortgage Association I: | |||||||||
4.00%, 7/15/2049 | 162,915 | 174,647 | |||||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Bonds and Notes - 11.8% (continued) | |||||||||
U.S. Government Agencies Mortgage-Backed - 3.2% (continued) | |||||||||
Government National Mortgage Association II: | |||||||||
2.50%, 1/20/2051-5/20/2051 | 1,254,166 | 1,295,218 | |||||||
3.00%, 6/20/2050-10/20/2050 | 902,069 | 938,181 | |||||||
3.50%, 1/20/2048-12/20/2050 | 1,245,902 | 1,315,246 | |||||||
4.00%, 7/20/2050-5/20/2051 | 1,319,160 | 1,383,215 | |||||||
4.50%, 2/20/2050 | 369,042 | 396,257 | |||||||
16,941,689 | |||||||||
U.S. Treasury Securities - 2.5% | |||||||||
U.S. Treasury Bonds | 1.13 | 8/15/2040 | 305,000 | 253,537 | |||||
U.S. Treasury Bonds | 1.88 | 2/15/2041 | 780,000 | c | 738,928 | ||||
U.S. Treasury Inflation Indexed Notes, US CPI Urban Consumers Not Seasonally Adjusted | 0.13 | 10/15/2024 | 309,720 | e | 337,271 | ||||
U.S. Treasury Inflation Indexed Notes, US CPI Urban Consumers Not Seasonally Adjusted | 0.13 | 4/15/2025 | 1,004,951 | e | 1,096,553 | ||||
U.S. Treasury Inflation Indexed Notes, US CPI Urban Consumers Not Seasonally Adjusted | 0.38 | 7/15/2025 | 631,077 | e | 701,449 | ||||
U.S. Treasury Inflation Indexed Notes, US CPI Urban Consumers Not Seasonally Adjusted | 0.38 | 1/15/2027 | 307,028 | e | 343,487 | ||||
U.S. Treasury Notes | 0.13 | 1/31/2023 | 1,095,000 | 1,095,086 | |||||
U.S. Treasury Notes | 0.13 | 12/15/2023 | 180,000 | 179,603 | |||||
U.S. Treasury Notes | 0.13 | 12/31/2022 | 540,000 | 540,127 | |||||
U.S. Treasury Notes | 0.13 | 2/28/2023 | 390,000 | 390,015 | |||||
U.S. Treasury Notes | 0.25 | 10/31/2025 | 595,000 | c | 584,123 | ||||
U.S. Treasury Notes | 0.25 | 8/31/2025 | 250,000 | 246,001 | |||||
U.S. Treasury Notes | 0.50 | 8/31/2027 | 625,000 | 601,917 | |||||
U.S. Treasury Notes | 0.63 | 5/15/2030 | 755,000 | 697,682 | |||||
U.S. Treasury Notes | 0.63 | 12/31/2027 | 200,000 | c | 192,906 | ||||
U.S. Treasury Notes | 1.13 | 2/15/2031 | 475,000 | c | 454,887 | ||||
U.S. Treasury Notes | 1.50 | 2/15/2030 | 620,000 | c | 620,254 | ||||
U.S. Treasury Notes | 1.63 | 8/15/2029 | 205,000 | 208,095 | |||||
U.S. Treasury Notes | 1.75 | 11/15/2029 | 665,000 | c | 681,054 | ||||
U.S. Treasury Notes | 1.75 | 12/31/2026 | 255,000 | c | 266,286 | ||||
U.S. Treasury Notes | 2.00 | 11/15/2026 | 525,000 | 555,157 | |||||
U.S. Treasury Notes | 2.13 | 7/31/2024 | 200,000 | 211,180 | |||||
U.S. Treasury Notes | 2.25 | 11/15/2027 | 120,000 | 128,266 | |||||
U.S. Treasury Notes | 2.38 | 5/15/2027 | 605,000 | 651,947 | |||||
U.S. Treasury Notes | 2.50 | 2/28/2026 | 345,000 | 373,274 | |||||
U.S. Treasury Notes | 2.50 | 1/31/2024 | 210,000 | 222,649 | |||||
U.S. Treasury Notes | 2.63 | 1/31/2026 | 120,000 | 130,477 | |||||
U.S. Treasury Notes | 2.63 | 12/31/2023 | 305,000 | 323,836 | |||||
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Bonds and Notes - 11.8% (continued) | |||||||||
U.S. Treasury Securities - 2.5% (continued) | |||||||||
U.S. Treasury Notes | 2.88 | 11/30/2025 | 175,000 | 191,987 | |||||
U.S. Treasury Notes | 3.13 | 11/15/2028 | 50,000 | 56,382 | |||||
13,074,416 | |||||||||
Utilities - .2% | |||||||||
Appalachian Power, Sr. Unscd. Notes, Ser. AA | 2.70 | 4/1/2031 | 280,000 | 285,699 | |||||
Black Hills, Sr. Unscd. Notes | 4.35 | 5/1/2033 | 160,000 | 182,993 | |||||
CenterPoint Energy, Sr. Unscd. Notes | 4.25 | 11/1/2028 | 275,000 | 311,828 | |||||
NiSource, Sr. Unscd. Notes | 3.95 | 3/30/2048 | 290,000 | 317,485 | |||||
1,098,005 | |||||||||
Total Bonds and Notes | 61,962,983 | ||||||||
Description | Shares | Value ($) | |||||||
Common Stocks - 25.4% | |||||||||
Advertising - .0% | |||||||||
Omnicom Group | 1,955 | 160,779 | |||||||
Aerospace & Defense - .4% | |||||||||
Howmet Aerospace | 2,805 | f | 99,521 | ||||||
L3Harris Technologies | 814 | 177,501 | |||||||
Lockheed Martin | 1,379 | 527,054 | |||||||
Northrop Grumman | 592 | 216,595 | |||||||
Raytheon Technologies | 5,029 | 446,123 | |||||||
Teledyne Technologies | 259 | f | 108,643 | ||||||
The Boeing Company | 1,859 | f | 459,210 | ||||||
2,034,647 | |||||||||
Agriculture - .2% | |||||||||
Altria Group | 7,361 | 362,308 | |||||||
Archer-Daniels-Midland | 960 | 63,869 | |||||||
Philip Morris International | 6,759 | 651,770 | |||||||
1,077,947 | |||||||||
Airlines - .1% | |||||||||
Delta Air Lines | 4,090 | f | 195,011 | ||||||
Southwest Airlines | 2,875 | f | 176,697 | ||||||
371,708 | |||||||||
Automobiles & Components - .5% | |||||||||
BorgWarner | 4,815 | 246,961 | |||||||
Ford Motor | 21,775 | f | 316,391 | ||||||
General Motors | 4,685 | f | 277,867 | ||||||
Tesla | 2,575 | f | 1,609,941 | ||||||
2,451,160 | |||||||||
Banks - 1.3% | |||||||||
Bank of America | 37,348 | 1,583,182 | |||||||
Citigroup | 5,056 | 397,958 | |||||||
Citizens Financial Group | 4,435 | 221,306 | |||||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||||
Common Stocks - 25.4% (continued) | |||||||||
Banks - 1.3% (continued) | |||||||||
Comerica | 2,895 | 227,229 | |||||||
Huntington Bancshares | 9,280 | 147,181 | |||||||
JPMorgan Chase & Co. | 9,979 | 1,638,951 | |||||||
M&T Bank | 623 | 100,110 | |||||||
People's United Financial | 5,885 | 111,285 | |||||||
Regions Financial | 11,540 | 270,151 | |||||||
The PNC Financial Services Group | 2,230 | 434,136 | |||||||
Truist Financial | 5,473 | 338,122 | |||||||
U.S. Bancorp | 8,125 | 493,837 | |||||||
Wells Fargo & Co. | 11,244 | 525,320 | |||||||
Zions Bancorp | 2,290 | 132,545 | |||||||
6,621,313 | |||||||||
Beverage Products - .5% | |||||||||
CVS Health | 4,335 | 374,717 | |||||||
Molson Coors Beverage, Cl. B | 1,840 | f | 107,309 | ||||||
Monster Beverage | 3,998 | f | 376,891 | ||||||
PepsiCo | 5,010 | 741,179 | |||||||
The Coca-Cola Company | 13,663 | 755,427 | |||||||
2,355,523 | |||||||||
Building Materials - .1% | |||||||||
Carrier Global | 4,240 | 194,743 | |||||||
Johnson Controls International | 3,162 | 210,399 | |||||||
405,142 | |||||||||
Chemicals - .5% | |||||||||
Air Products & Chemicals | 767 | 229,839 | |||||||
Albemarle | 805 | 134,499 | |||||||
Celanese | 773 | 127,893 | |||||||
Dow | 3,055 | 209,023 | |||||||
DuPont de Nemours | 3,360 | 284,222 | |||||||
Eastman Chemical | 1,785 | 223,839 | |||||||
Ecolab | 553 | 118,939 | |||||||
FMC | 345 | 40,258 | |||||||
Linde | 1,988 | 597,593 | |||||||
LyondellBasell Industries, Cl. A | 1,455 | 163,862 | |||||||
PPG Industries | 880 | 158,154 | |||||||
The Sherwin-Williams Company | 759 | 215,199 | |||||||
Vulcan Materials | 628 | 115,125 | |||||||
2,618,445 | |||||||||
Commercial & Professional Services - .3% | |||||||||
Automatic Data Processing | 1,940 | 380,279 | |||||||
Cintas | 455 | 160,861 | |||||||
Equifax | 579 | 136,088 | |||||||
FLEETCOR Technologies | 295 | f | 80,960 | ||||||
IHS Markit | 1,430 | 150,593 | |||||||
Description | Shares | Value ($) | |||||||
Common Stocks - 25.4% (continued) | |||||||||
Commercial & Professional Services - .3% (continued) | |||||||||
Nielsen Holdings | 3,950 | 107,480 | |||||||
S&P Global | 1,756 | 666,349 | |||||||
1,682,610 | |||||||||
Consumer Discretionary - .4% | |||||||||
Chipotle Mexican Grill | 116 | f | 159,150 | ||||||
D.R. Horton | 1,990 | 189,627 | |||||||
Darden Restaurants | 970 | 138,933 | |||||||
Hasbro | 793 | 76,104 | |||||||
Hilton Worldwide Holdings | 1,111 | f | 139,175 | ||||||
Las Vegas Sands | 1,245 | f | 71,899 | ||||||
Lennar, Cl. A | 1,875 | 185,644 | |||||||
Marriott International, Cl. A | 1,376 | f | 197,566 | ||||||
MGM Resorts International | 3,600 | 154,332 | |||||||
Royal Caribbean Cruises | 718 | f | 66,968 | ||||||
Starbucks | 4,622 | 526,353 | |||||||
Whirlpool | 646 | 153,160 | |||||||
Wynn Resorts | 770 | f | 101,540 | ||||||
Yum! Brands | 695 | 83,379 | |||||||
2,243,830 | |||||||||
Consumer Durables & Apparel - .2% | |||||||||
NIKE, Cl. B | 6,011 | 820,261 | |||||||
Tapestry | 4,150 | f | 186,293 | ||||||
1,006,554 | |||||||||
Consumer Staples - .3% | |||||||||
Church & Dwight | 1,145 | 98,161 | |||||||
Colgate-Palmolive | 3,460 | 289,879 | |||||||
The Estee Lauder Companies, Cl. A | 756 | 231,729 | |||||||
The Procter & Gamble Company | 8,699 | 1,173,060 | |||||||
1,792,829 | |||||||||
Diversified Financials - 1.3% | |||||||||
American Express | 4,598 | 736,278 | |||||||
BlackRock | 577 | 506,052 | |||||||
Capital One Financial | 1,865 | 299,855 | |||||||
CME Group | 1,114 | 243,699 | |||||||
Discover Financial Services | 1,760 | 206,378 | |||||||
Intercontinental Exchange | 1,845 | 208,264 | |||||||
Invesco | 8,985 | 256,342 | |||||||
Mastercard, Cl. A | 3,061 | 1,103,735 | |||||||
Moody's | 692 | 232,062 | |||||||
Morgan Stanley | 4,770 | 433,831 | |||||||
Northern Trust | 1,381 | 167,363 | |||||||
State Street | 940 | 81,761 | |||||||
T. Rowe Price Group | 856 | 163,796 | |||||||
The Charles Schwab | 3,505 | 258,844 | |||||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||||
Common Stocks - 25.4% (continued) | |||||||||
Diversified Financials - 1.3% (continued) | |||||||||
The Goldman Sachs Group | 787 | 292,780 | |||||||
Visa, Cl. A | 7,693 | 1,748,619 | |||||||
6,939,659 | |||||||||
Electronic Components - .5% | |||||||||
AMETEK | 1,235 | 166,848 | |||||||
Amphenol, Cl. A | 1,756 | 118,109 | |||||||
Emerson Electric | 2,845 | 272,238 | |||||||
Fastenal | 3,550 | 188,292 | |||||||
Fortive | 1,255 | 91,013 | |||||||
Garmin | 1,168 | 166,136 | |||||||
Honeywell International | 2,989 | 690,190 | |||||||
PACCAR | 2,645 | 242,176 | |||||||
Quanta Services | 2,165 | 206,433 | |||||||
TE Connectivity | 1,585 | 215,053 | |||||||
United Rentals | 611 | f | 204,050 | ||||||
2,560,538 | |||||||||
Energy - .7% | |||||||||
Baker Hughes | 3,415 | 83,326 | |||||||
Chevron | 6,067 | 629,694 | |||||||
ConocoPhillips | 7,062 | 393,636 | |||||||
Devon Energy | 5,325 | 141,432 | |||||||
Diamondback Energy | 1,550 | 124,108 | |||||||
EOG Resources | 4,635 | 372,376 | |||||||
Exxon Mobil | 12,036 | 702,541 | |||||||
Halliburton | 4,010 | 90,025 | |||||||
Hess | 1,685 | 141,237 | |||||||
Kinder Morgan | 6,852 | 125,666 | |||||||
Marathon Oil | 11,755 | 142,353 | |||||||
Marathon Petroleum | 1,585 | 97,953 | |||||||
Occidental Petroleum | 2,750 | 71,390 | |||||||
ONEOK | 1,930 | 101,788 | |||||||
Phillips 66 | 1,480 | 124,646 | |||||||
Pioneer Natural Resources | 471 | 71,681 | |||||||
Schlumberger | 7,885 | 247,037 | |||||||
The Williams Companies | 1,775 | 46,754 | |||||||
Valero Energy | 1,086 | 87,314 | |||||||
3,794,957 | |||||||||
Environmental Control - .0% | |||||||||
Waste Management | 1,115 | 156,858 | |||||||
Food & Staples Retailing - .4% | |||||||||
Costco Wholesale | 1,496 | 565,892 | |||||||
Sysco | 1,860 | 150,660 | |||||||
The Kroger Company | 3,210 | 118,706 | |||||||
Walgreens Boots Alliance | 2,465 | 129,807 | |||||||
Description | Shares | Value ($) | |||||||
Common Stocks - 25.4% (continued) | |||||||||
Food & Staples Retailing - .4% (continued) | |||||||||
Walmart | 7,242 | 1,028,581 | |||||||
1,993,646 | |||||||||
Food Products - .2% | |||||||||
Campbell Soup | 1,540 | 74,952 | |||||||
Conagra Brands | 2,645 | 100,775 | |||||||
General Mills | 3,390 | 213,095 | |||||||
McCormick & Co. | 535 | 47,647 | |||||||
Mondelez International, Cl. A | 4,860 | 308,756 | |||||||
The Hershey Company | 673 | 116,463 | |||||||
The J.M. Smucker Company | 720 | 95,969 | |||||||
Tyson Foods, Cl. A | 1,210 | 96,195 | |||||||
1,053,852 | |||||||||
Forest Products & Paper - .0% | |||||||||
International Paper | 2,340 | 147,654 | |||||||
Health Care - 3.3% | |||||||||
Abbott Laboratories | 6,330 | 738,394 | |||||||
AbbVie | 6,780 | 767,496 | |||||||
ABIOMED | 235 | f | 66,876 | ||||||
Agilent Technologies | 3,667 | 506,523 | |||||||
Align Technology | 292 | f | 172,324 | ||||||
Amgen | 3,439 | 818,276 | |||||||
Anthem | 836 | 332,912 | |||||||
Baxter International | 655 | 53,789 | |||||||
Becton Dickinson & Co. | 324 | 78,372 | |||||||
Biogen | 439 | f | 117,424 | ||||||
Boston Scientific | 5,510 | f | 234,450 | ||||||
Bristol-Myers Squibb | 7,588 | 498,683 | |||||||
Centene | 1,855 | f | 136,528 | ||||||
Cigna | 1,108 | 286,806 | |||||||
Corteva | 2,493 | 113,431 | |||||||
Danaher | 3,704 | 948,743 | |||||||
DexCom | 203 | f | 74,986 | ||||||
Edwards Lifesciences | 1,846 | f | 177,031 | ||||||
Eli Lilly & Co. | 2,634 | 526,115 | |||||||
Gilead Sciences | 4,680 | 309,395 | |||||||
HCA Healthcare | 1,394 | 299,417 | |||||||
Henry Schein | 830 | f | 63,113 | ||||||
Hologic | 820 | f | 51,709 | ||||||
Humana | 547 | 239,422 | |||||||
IDEXX Laboratories | 678 | f | 378,399 | ||||||
Illumina | 338 | f | 137,106 | ||||||
Intuitive Surgical | 434 | f | 365,506 | ||||||
Johnson & Johnson | 11,838 | 2,003,581 | |||||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||||
Common Stocks - 25.4% (continued) | |||||||||
Health Care - 3.3% (continued) | |||||||||
Laboratory Corp. of America Holdings | 610 | f | 167,433 | ||||||
McKesson | 503 | 96,772 | |||||||
Medtronic | 3,667 | 464,206 | |||||||
Merck & Co. | 7,375 | 559,689 | |||||||
Pfizer | 28,956 | 1,121,466 | |||||||
Quest Diagnostics | 804 | 105,863 | |||||||
Regeneron Pharmaceuticals | 328 | f | 164,797 | ||||||
ResMed | 547 | 112,600 | |||||||
Steris | 559 | 106,691 | |||||||
Stryker | 716 | 182,773 | |||||||
Teleflex | 189 | 76,014 | |||||||
The Cooper Companies | 379 | 149,118 | |||||||
Thermo Fisher Scientific | 2,123 | 996,748 | |||||||
UnitedHealth Group | 3,713 | 1,529,459 | |||||||
Universal Health Services, Cl. B | 906 | 144,625 | |||||||
Viatris | 3,599 | 54,849 | |||||||
Zimmer Biomet Holdings | 1,042 | 175,400 | |||||||
Zoetis | 2,677 | 472,972 | |||||||
17,178,282 | |||||||||
Household & Personal Products - .1% | |||||||||
Kimberly-Clark | 2,190 | 286,080 | |||||||
The Clorox Company | 668 | 118,056 | |||||||
404,136 | |||||||||
Industrial - .7% | |||||||||
3M | 1,628 | 330,549 | |||||||
Caterpillar | 1,778 | 428,640 | |||||||
Copart | 965 | f | 124,495 | ||||||
Deere & Co. | 1,345 | 485,679 | |||||||
Dover | 1,264 | 190,232 | |||||||
Eaton | 1,820 | 264,355 | |||||||
General Electric | 27,450 | 385,947 | |||||||
Huntington Ingalls Industries | 459 | 99,240 | |||||||
Illinois Tool Works | 995 | 230,601 | |||||||
Ingersoll Rand | 1,960 | f | 97,294 | ||||||
Otis Worldwide | 714 | 55,928 | |||||||
Parker-Hannifin | 660 | 203,379 | |||||||
Snap-on | 691 | 175,942 | |||||||
Stanley Black & Decker | 547 | 118,590 | |||||||
Textron | 1,495 | 102,363 | |||||||
Trane Technologies | 1,630 | 303,832 | |||||||
Westinghouse Air Brake Technologies | 990 | 81,932 | |||||||
3,678,998 | |||||||||
Description | Shares | Value ($) | |||||||
Common Stocks - 25.4% (continued) | |||||||||
Information Technology - 2.7% | |||||||||
Activision Blizzard | 2,530 | 246,042 | |||||||
Adobe | 2,114 | f | 1,066,682 | ||||||
Autodesk | 1,103 | f | 315,304 | ||||||
Cadence Design Systems | 3,250 | f | 412,717 | ||||||
Cognizant Technology Solutions, Cl. A | 2,265 | 162,083 | |||||||
eBay | 2,567 | 156,279 | |||||||
Electronic Arts | 688 | 98,336 | |||||||
Fidelity National Information Services | 1,257 | 187,268 | |||||||
Fiserv | 881 | f | 101,491 | ||||||
Global Payments | 521 | 100,923 | |||||||
International Business Machines | 2,267 | 325,859 | |||||||
Intuit | 1,192 | 523,395 | |||||||
Microsoft | 29,174 | 7,284,164 | |||||||
MSCI | 369 | 172,740 | |||||||
Oracle | 7,188 | 565,983 | |||||||
Paychex | 1,685 | 170,421 | |||||||
PayPal Holdings | 4,278 | f | 1,112,366 | ||||||
Roper Technologies | 373 | 167,854 | |||||||
salesforce.com | 2,941 | f | 700,252 | ||||||
ServiceNow | 645 | f | 305,653 | ||||||
14,175,812 | |||||||||
Insurance - .9% | |||||||||
Aflac | 3,260 | 184,777 | |||||||
American International Group | 4,230 | 223,513 | |||||||
Aon, Cl. A | 550 | 139,353 | |||||||
Berkshire Hathaway, Cl. B | 6,470 | f | 1,872,677 | ||||||
Chubb | 913 | 155,201 | |||||||
Cincinnati Financial | 1,075 | 130,838 | |||||||
Lincoln National | 2,170 | 151,444 | |||||||
Marsh & McLennan | 1,500 | 207,525 | |||||||
Prudential Financial | 2,335 | 249,775 | |||||||
The Allstate | 1,955 | 267,073 | |||||||
The Progressive | 4,773 | 472,909 | |||||||
The Travelers Companies | 1,223 | 195,313 | |||||||
Unum Group | 4,510 | 139,675 | |||||||
Willis Towers Watson | 447 | 116,828 | |||||||
4,506,901 | |||||||||
Internet Software & Services - 2.7% | |||||||||
Alphabet, Cl. A | 1,168 | f | 2,752,801 | ||||||
Alphabet, Cl. C | 1,217 | f | 2,934,869 | ||||||
Amazon.com | 1,580 | f | 5,092,451 | ||||||
Booking Holdings | 121 | f | 285,748 | ||||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||||
Common Stocks - 25.4% (continued) | |||||||||
Internet Software & Services - 2.7% (continued) | |||||||||
Facebook, Cl. A | 8,983 | f | 2,952,982 | ||||||
14,018,851 | |||||||||
Materials - .1% | |||||||||
Amcor | 6,985 | 82,423 | |||||||
Ball | 1,424 | 116,996 | |||||||
WestRock | 3,225 | 188,082 | |||||||
387,501 | |||||||||
Media - .7% | |||||||||
Charter Communications, Cl. A | 890 | f | 618,132 | ||||||
Comcast, Cl. A | 14,751 | 845,822 | |||||||
Fox, Cl. A | 1,795 | 67,043 | |||||||
Live Nation Entertainment | 1,050 | f | 94,616 | ||||||
Netflix | 1,796 | f | 903,047 | ||||||
The Walt Disney Company | 6,359 | f | 1,136,035 | ||||||
ViacomCBS, Cl. B | 3,680 | 156,106 | |||||||
3,820,801 | |||||||||
Metals & Mining - .1% | |||||||||
Freeport-McMoRan | 4,920 | 210,182 | |||||||
Newmont | 3,695 | 271,509 | |||||||
481,691 | |||||||||
Real Estate - .6% | |||||||||
Alexandria Real Estate Equities | 704 | g | 125,495 | ||||||
American Tower | 637 | g | 162,728 | ||||||
AvalonBay Communities | 590 | g | 122,095 | ||||||
Crown Castle International | 1,443 | g | 273,448 | ||||||
Digital Realty Trust | 1,044 | g | 158,229 | ||||||
Equinix | 285 | g | 209,965 | ||||||
Equity Residential | 1,390 | g | 107,656 | ||||||
Essex Property Trust | 641 | g | 189,281 | ||||||
Extra Space Storage | 696 | g | 104,268 | ||||||
Federal Realty Investment Trust | 1,140 | g | 130,348 | ||||||
Iron Mountain | 2,760 | g | 120,170 | ||||||
Prologis | 2,419 | g | 285,055 | ||||||
Public Storage | 1,223 | g | 345,473 | ||||||
Regency Centers | 1,970 | g | 127,262 | ||||||
SBA Communications | 249 | g | 74,232 | ||||||
Simon Property Group | 1,240 | g | 159,328 | ||||||
SL Green Realty | 1,372 | g | 108,690 | ||||||
UDR | 3,160 | g | 150,511 | ||||||
Ventas | 1,715 | g | 95,097 | ||||||
Welltower | 1,950 | g | 145,801 | ||||||
Weyerhaeuser | 3,365 | g | 127,735 | ||||||
3,322,867 | |||||||||
Description | Shares | Value ($) | |||||||
Common Stocks - 25.4% (continued) | |||||||||
Retailing - .8% | |||||||||
AutoZone | 128 | f | 180,045 | ||||||
Best Buy | 700 | 81,368 | |||||||
Dollar General | 999 | 202,757 | |||||||
Dollar Tree | 1,125 | f | 109,688 | ||||||
Expedia Group | 657 | f | 116,256 | ||||||
Lowe's | 3,142 | 612,156 | |||||||
McDonald's | 2,597 | 607,412 | |||||||
O'Reilly Automotive | 302 | f | 161,606 | ||||||
Ross Stores | 1,641 | 207,406 | |||||||
Target | 2,038 | 462,463 | |||||||
The Gap | 3,420 | 114,399 | |||||||
The Home Depot | 3,878 | 1,236,733 | |||||||
The TJX Companies | 2,512 | 169,660 | |||||||
Tractor Supply | 840 | 152,628 | |||||||
4,414,577 | |||||||||
Semiconductors & Semiconductor Equipment - 1.2% | |||||||||
Advanced Micro Devices | 4,585 | f | 367,167 | ||||||
Analog Devices | 1,429 | 235,213 | |||||||
Applied Materials | 3,365 | 464,807 | |||||||
Broadcom | 1,604 | 757,617 | |||||||
Intel | 13,953 | 796,995 | |||||||
KLA | 775 | 245,590 | |||||||
Lam Research | 480 | 311,928 | |||||||
Maxim Integrated Products | 1,925 | f | 196,369 | ||||||
Microchip Technology | 1,198 | 188,026 | |||||||
Micron Technology | 1,490 | f | 125,369 | ||||||
NVIDIA | 2,474 | 1,607,556 | |||||||
Qorvo | 750 | f | 137,040 | ||||||
Skyworks Solutions | 913 | 155,210 | |||||||
Texas Instruments | 2,939 | 557,881 | |||||||
Xilinx | 1,198 | 152,146 | |||||||
6,298,914 | |||||||||
Technology Hardware & Equipment - 2.0% | |||||||||
Accenture, Cl. A | 3,479 | 981,635 | |||||||
Apple | 60,707 | 7,564,699 | |||||||
Corning | 3,035 | 132,417 | |||||||
DXC Technology | 2,550 | f | 96,696 | ||||||
F5 Networks | 686 | f | 127,205 | ||||||
Fortinet | 1,045 | f | 228,374 | ||||||
HP | 5,166 | 151,002 | |||||||
Juniper Networks | 5,265 | 138,627 | |||||||
Keysight Technologies | 945 | f | 134,549 | ||||||
MarketAxess Holdings | 161 | 75,113 | |||||||
Qualcomm | 4,075 | 548,250 | |||||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||||
Common Stocks - 25.4% (continued) | |||||||||
Technology Hardware & Equipment - 2.0% (continued) | |||||||||
Seagate Technology Holdings | 2,080 | 199,160 | |||||||
Zebra Technologies, Cl. A | 296 | f | 147,127 | ||||||
10,524,854 | |||||||||
Telecommunication Services - .5% | |||||||||
Arista Networks | 340 | f | 115,389 | ||||||
AT&T | 27,345 | 804,763 | |||||||
Cisco Systems | 12,005 | 635,064 | |||||||
Lumen Technologies | 2,969 | 41,091 | |||||||
T-Mobile US | 1,669 | f | 236,080 | ||||||
Verizon Communications | 15,928 | 899,773 | |||||||
2,732,160 | |||||||||
Transportation - .5% | |||||||||
CSX | 1,721 | 172,307 | |||||||
FedEx | 795 | 250,274 | |||||||
Norfolk Southern | 2,160 | 606,744 | |||||||
Union Pacific | 3,968 | 891,729 | |||||||
United Parcel Service, Cl. B | 2,610 | 560,106 | |||||||
2,481,160 | |||||||||
Utilities - .6% | |||||||||
Ameren | 1,795 | 151,139 | |||||||
American Electric Power | 2,230 | 191,780 | |||||||
Atmos Energy | 628 | 62,279 | |||||||
CenterPoint Energy | 5,215 | 131,939 | |||||||
CMS Energy | 2,980 | 186,965 | |||||||
Dominion Energy | 1,685 | 128,296 | |||||||
DTE Energy | 1,045 | 144,200 | |||||||
Duke Energy | 1,580 | 158,348 | |||||||
Edison International | 3,500 | 195,545 | |||||||
Entergy | 961 | 101,155 | |||||||
Evergy | 3,065 | 189,999 | |||||||
Exelon | 6,025 | 271,848 | |||||||
FirstEnergy | 4,175 | 158,274 | |||||||
NextEra Energy | 6,872 | 503,168 | |||||||
NiSource | 3,490 | 88,995 | |||||||
NRG Energy | 2,295 | 73,784 | |||||||
Pinnacle West Capital | 1,735 | 146,746 | |||||||
Public Service Enterprise Group | 2,960 | 183,875 | |||||||
Sempra Energy | 1,011 | 136,980 | |||||||
The AES | 4,010 | 101,894 | |||||||
3,307,209 | |||||||||
Total Common Stocks | 133,204,365 | ||||||||
Preferred Stocks - .1% | |||||||||
Telecommunication Services - .1% | |||||||||
AT&T,
Ser. A | 5.00 | 15,000 | 395,100 | ||||||
Description | 1-Day | Shares | Value ($) | ||||||
Investment Companies - 62.7% | |||||||||
Registered Investment Companies - 62.7% | |||||||||
BNY Mellon Corporate Bond Fund, Cl. M | 1,109,071 | h | 15,205,366 | ||||||
BNY Mellon Emerging Markets Fund, Cl. M | 2,460,868 | h | 35,042,755 | ||||||
BNY Mellon Floating Rate Income Fund, Cl. Y | 1,035,364 | h | 11,885,976 | ||||||
BNY Mellon Focused Equity Opportunities Fund, Cl. M | 3,313,103 | h | 65,930,759 | ||||||
BNY Mellon Global Real Estate Securities Fund, CI. Y | 1,067,617 | h | 10,708,198 | ||||||
BNY Mellon High Yield Fund, Cl. I | 1,986,782 | h | 12,198,843 | ||||||
BNY Mellon Income Stock Fund, Cl. M | 1,648,012 | h | 16,842,680 | ||||||
BNY Mellon Intermediate Bond Fund, Cl. M | 2,077,437 | h | 26,882,035 | ||||||
BNY Mellon International Equity Fund, Cl. Y | 863,661 | h | 22,230,641 | ||||||
BNY Mellon International Fund, Cl. M | 18,933 | h | 296,496 | ||||||
BNY Mellon International Small Cap Fund, Cl. Y | 900,734 | h | 14,997,224 | ||||||
BNY Mellon Mid Cap Multi-Strategy Fund, Cl. M | 333,642 | h | 7,900,637 | ||||||
BNY Mellon Research Growth Fund, Cl. Y | 836,792 | h | 17,882,239 | ||||||
BNY Mellon Select Managers Small Cap Growth Fund, Cl. Y | 779,099 | h | 27,237,290 | ||||||
BNY Mellon Select Managers Small Cap Value Fund, Cl. Y | 645,791 | h | 19,696,615 | ||||||
BNY Mellon Small Cap Multi-Strategy Fund, Cl. M | 215,892 | f,h | 5,630,453 | ||||||
BNY Mellon Small/Mid Cap Multi-Strategy Fund, Cl. M | 1,047,128 | h | 17,612,695 | ||||||
Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares | 0.04 | 1,350,138 | h | 1,350,138 | |||||
Total Investment
Companies | 329,531,040 | ||||||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Investment of Cash Collateral for Securities Loaned - .2% | |||||||||
Registered Investment Companies - .2% | |||||||||
Dreyfus
Institutional Preferred Government Plus Money Market Fund, SL Shares | 0.01 | 1,259,850 | h | 1,259,850 | |||||
Total Investments (cost $374,036,867) | 100.2% | 526,353,338 | |||||||
Liabilities, Less Cash and Receivables | (0.2%) | (843,189) | |||||||
Net Assets | 100.0% | 525,510,149 | |||||||
GO—General Obligation
a 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 May 31, 2021, these securities were valued at $3,845,427 or .73% of net assets.
b Security is a perpetual bond with no specified maturity date. Maturity date shown is next reset date of the bond.
c Security, or portion thereof, on loan. At May 31, 2021, the value of the fund’s securities on loan was $4,955,387 and the value of the collateral was $5,103,969, consisting of cash collateral of $1,259,850 and U.S. Government & Agency securities valued at $3,844,119.
d The Federal Housing Finance Agency (“FHFA”) placed the Federal Home Loan Mortgage Corporation and Federal National Mortgage Association into conservatorship with FHFA as the conservator. As such, the FHFA oversees the continuing affairs of these companies.
e Principal amount for accrual purposes is periodically adjusted based on changes in the Consumer Price Index.
f Non-income producing security.
g Investment in real estate investment trust within the United States.
h Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company’s prospectus.
STATEMENT
OF INVESTMENTS
BNY Mellon Asset Allocation Fund
May 31, 2021 (Unaudited)
The following is a summary of the inputs used as of May 31, 2021 in valuing the fund’s investments:
Assets ($) | Level 1 - Unadjusted Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total |
Investments in Securities: † | ||||
Commercial Mortgage-Backed | − | 1,135,821 | − | 1,135,821 |
Corporate Bonds | − | 26,511,817 | − | 26,511,817 |
Equity Securities―Common Stocks | 133,204,365 | − | − | 133,204,365 |
Equity Securities―Preferred Stocks | 395,100 | − | − | 395,100 |
Investment Companies | 330,790,890 | − | − | 330,790,890 |
Municipal Securities | − | 4,299,240 | − | 4,299,240 |
U.S. Government Agencies Mortgage-Backed | − | 16,941,689 | − | 16,941,689 |
U.S. Treasury Securities | − | 13,074,416 | − | 13,074,416 |
† 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 debt securities excluding short-term investments (other than U.S. Treasury Bills), are valued each business day by one or more independent pricing services (each, a “Service”) approved by the Board Memebers (“Board”). Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of a Service are valued at the mean between the quoted bid
prices (as obtained by the Service from dealers in such securities) and asked prices (as calculated by a Service based upon its evaluation of the market for such securities). Securities are valued as determined by a Service, based on methods which include consideration of the following: yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. These securities are generally categorized within Level 2 of the fair value hierarchy.
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. These securities are generally categorized within Level 2 of the fair value hierarchy.
Each Service and independent valuation firm is engaged under the general oversight of the Board.
Fair valuing of securities may be determined with the assistance of a 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 May 31, 2021, accumulated net unrealized appreciation on investments was $152,316,471, consisting of $153,903,662 gross unrealized appreciation and $1,587,191 gross unrealized depreciation
At May 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.