NPORT-EX 2 c10272bnymellonlarg-may20211.htm Untitled Document

STATEMENT OF INVESTMENTS
BNY Mellon Large Cap Stock Fund

May 31, 2021 (Unaudited)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 99.1%

     

Automobiles & Components - 1.6%

     

Harley-Davidson

   

1,789

 

86,713

 

Tesla

   

1,260

a 

787,777

 
    

874,490

 

Banks - 4.9%

     

Bank of America

   

12,507

 

530,172

 

BOK Financial

   

1,128

 

102,693

 

Citigroup

   

324

 

25,502

 

JPMorgan Chase & Co.

   

7,443

 

1,222,438

 

Regions Financial

   

32,339

 

757,056

 
    

2,637,861

 

Capital Goods - 5.7%

     

3M

   

1,644

 

333,798

 

AMETEK

   

273

 

36,882

 

Carlisle

   

1,243

 

239,054

 

Crane

   

168

 

16,042

 

Dover

   

1,822

 

274,211

 

Eaton

   

473

 

68,703

 

Fortive

   

3,709

 

268,977

 

Generac Holdings

   

556

a 

182,768

 

Illinois Tool Works

   

1,611

 

373,365

 

Lockheed Martin

   

1,122

 

428,828

 

Northrop Grumman

   

222

 

81,223

 

Parker-Hannifin

   

836

 

257,613

 

Pentair

   

1,636

 

112,835

 

Stanley Black & Decker

   

661

 

143,305

 

Trane Technologies

   

1,293

 

241,015

 

W.W. Grainger

   

85

 

39,284

 
    

3,097,903

 

Commercial & Professional Services - .1%

     

CACI International, Cl. A

   

151

a 

38,499

 

Cintas

   

114

 

40,304

 
    

78,803

 

Consumer Durables & Apparel - .6%

     

Carter's

   

1,094

 

111,851

 

NVR

   

25

a 

122,181

 

Polaris

   

265

 

34,773

 

Tempur Sealy International

   

1,884

 

72,534

 
    

341,339

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 99.1% (continued)

     

Consumer Services - .7%

     

Domino's Pizza

   

197

 

84,093

 

Hilton Worldwide Holdings

   

114

a 

14,281

 

McDonald's

   

759

 

177,522

 

Service Corp. International

   

1,682

 

89,180

 

Starbucks

   

71

 

8,085

 
    

373,161

 

Diversified Financials - 5.8%

     

Ameriprise Financial

   

907

 

235,675

 

Berkshire Hathaway, Cl. B

   

878

a 

254,128

 

Capital One Financial

   

1,405

 

225,896

 

Moody's

   

526

 

176,394

 

Morgan Stanley

   

6,142

 

558,615

 

OneMain Holdings

   

1,166

 

67,441

 

S&P Global

   

1,363

 

517,218

 

State Street

   

1,453

 

126,382

 

Synchrony Financial

   

4,956

 

234,964

 

T. Rowe Price Group

   

1,036

 

198,239

 

The Goldman Sachs Group

   

1,493

 

555,426

 
    

3,150,378

 

Energy - 2.6%

     

Cabot Oil & Gas

   

1,491

 

24,452

 

Chevron

   

1,865

 

193,568

 

ConocoPhillips

   

2,827

 

157,577

 

Devon Energy

   

7,475

 

198,536

 

Equitrans Midstream

   

2,049

 

16,884

 

Halliburton

   

2,873

 

64,499

 

Kinder Morgan

   

12,602

 

231,121

 

Marathon Oil

   

25,609

 

310,125

 

Murphy Oil

   

2,831

 

61,404

 

NOV

   

1,905

a 

30,709

 

Valero Energy

   

1,706

 

137,162

 
    

1,426,037

 

Food & Staples Retailing - 1.4%

     

Casey's General Stores

   

76

 

16,784

 

Costco Wholesale

   

1,281

 

484,564

 

Walmart

   

1,695

 

240,741

 
    

742,089

 

Food, Beverage & Tobacco - 2.2%

     

Altria Group

   

5,710

 

281,046

 

Conagra Brands

   

2,860

 

108,966

 

PepsiCo

   

954

 

141,135

 

Philip Morris International

   

3,731

 

359,780

 

The Coca-Cola Company

   

3,978

 

219,944

 

The Hershey Company

   

113

 

19,555

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 99.1% (continued)

     

Food, Beverage & Tobacco - 2.2% (continued)

     

The Kraft Heinz Company

   

2,169

 

94,547

 
    

1,224,973

 

Health Care Equipment & Services - 5.2%

     

Abbott Laboratories

   

2,501

 

291,742

 

Align Technology

   

278

a 

164,062

 

Cerner

   

500

 

39,125

 

Chemed

   

14

 

6,879

 

CVS Health

   

157

 

13,571

 

Danaher

   

648

 

165,979

 

DaVita

   

971

a 

116,588

 

Edwards Lifesciences

   

2,211

a 

212,035

 

Globus Medical, Cl. A

   

54

a 

3,891

 

Hill-Rom Holdings

   

278

 

30,936

 

Humana

   

696

 

304,639

 

IDEXX Laboratories

   

166

a 

92,646

 

McKesson

   

651

 

125,246

 

ResMed

   

454

 

93,456

 

Steris

   

748

 

142,763

 

Stryker

   

443

 

113,085

 

UnitedHealth Group

   

2,163

 

890,983

 

Zimmer Biomet Holdings

   

113

 

19,021

 
    

2,826,647

 

Household & Personal Products - 2.5%

     

Colgate-Palmolive

   

1,342

 

112,433

 

The Estee Lauder Companies, Cl. A

   

740

 

226,825

 

The Procter & Gamble Company

   

7,648

 

1,031,333

 
    

1,370,591

 

Insurance - 4.2%

     

Aflac

   

3,197

 

181,206

 

Arch Capital Group

   

5,553

a 

221,509

 

Everest Re Group

   

784

 

203,809

 

Fidelity National Financial

   

1,711

 

80,400

 

Globe Life

   

3,229

 

340,401

 

Markel

   

182

a 

223,039

 

MetLife

   

1,129

 

73,791

 

The Allstate

   

1,261

 

172,265

 

The Hanover Insurance Group

   

1,204

 

167,946

 

The Progressive

   

2,493

 

247,006

 

The Travelers Companies

   

750

 

119,775

 

Unum Group

   

7,321

 

226,731

 
    

2,257,878

 

Materials - 2.3%

     

Cabot

   

870

 

55,315

 

Celanese

   

487

 

80,574

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 99.1% (continued)

     

Materials - 2.3% (continued)

     

CF Industries Holdings

   

783

 

41,632

 

Corteva

   

1,167

 

53,098

 

Dow

   

1,899

 

129,930

 

Freeport-McMoRan

   

5,754

 

245,811

 

Huntsman

   

464

 

13,168

 

PPG Industries

   

1,079

 

193,918

 

Reliance Steel & Aluminum

   

735

 

123,531

 

Silgan Holdings

   

1,081

 

45,543

 

The Mosaic Company

   

3,513

 

126,960

 

The Sherwin-Williams Company

   

520

 

147,436

 

Valvoline

   

73

 

2,409

 
    

1,259,325

 

Media & Entertainment - 11.1%

     

Alphabet, Cl. A

   

556

a 

1,310,409

 

Alphabet, Cl. C

   

532

a 

1,282,950

 

Charter Communications, Cl. A

   

736

a 

511,174

 

Comcast, Cl. A

   

6,118

 

350,806

 

DISH Network, Cl. A

   

2,470

a 

107,494

 

Facebook, Cl. A

   

5,397

a 

1,774,156

 

John Wiley & Sons, Cl. A

   

720

 

45,634

 

Netflix

   

770

a 

387,164

 

Sirius XM Holdings

   

23,725

 

148,281

 

The Interpublic Group of Companies

   

3,480

 

117,241

 
    

6,035,309

 

Pharmaceuticals Biotechnology & Life Sciences - 6.3%

     

AbbVie

   

1,288

 

145,802

 

Alexion Pharmaceuticals

   

1,349

a 

238,166

 

Amgen

   

1,029

 

244,840

 

Bio-Rad Laboratories, Cl. A

   

114

a 

68,670

 

Bristol-Myers Squibb

   

732

 

48,107

 

Eli Lilly & Co.

   

3,037

 

606,610

 

Johnson & Johnson

   

2,097

 

354,917

 

Mettler-Toledo International

   

114

a 

148,308

 

Pfizer

   

8,984

 

347,950

 

Repligen

   

200

a 

36,522

 

Thermo Fisher Scientific

   

757

 

355,411

 

Vertex Pharmaceuticals

   

996

a 

207,795

 

Waters

   

519

a 

167,248

 

Zoetis

   

2,523

 

445,764

 
    

3,416,110

 

Real Estate - 2.7%

     

American Tower

   

1,528

b 

390,343

 

Boston Properties

   

1,710

b 

201,028

 

Brandywine Realty Trust

   

3,848

b 

54,103

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 99.1% (continued)

     

Real Estate - 2.7% (continued)

     

Corporate Office Properties Trust

   

1,636

b 

45,154

 

Lamar Advertising, Cl. A

   

225

b 

23,584

 

Mid-America Apartment Communities

   

3,103

b 

498,652

 

Public Storage

   

574

b 

162,143

 

Weyerhaeuser

   

2,958

b 

112,286

 
    

1,487,293

 

Retailing - 7.5%

     

Amazon.com

   

710

a 

2,288,380

 

AutoZone

   

167

a 

234,902

 

Dollar General

   

455

 

92,347

 

Etsy

   

507

a 

83,518

 

Foot Locker

   

1,079

 

68,290

 

Genuine Parts

   

665

 

87,195

 

LKQ

   

2,587

a 

131,833

 

Lowe's

   

1,285

 

250,357

 

The Home Depot

   

2,039

 

650,257

 

Tractor Supply

   

748

 

135,912

 

Wayfair, Cl. A

   

116

a 

35,559

 
    

4,058,550

 

Semiconductors & Semiconductor Equipment - 5.6%

     

Advanced Micro Devices

   

2,624

a 

210,130

 

Applied Materials

   

4,869

 

672,555

 

Broadcom

   

802

 

378,809

 

Lam Research

   

174

 

113,074

 

Micron Technology

   

1,656

a 

139,336

 

NVIDIA

   

1,144

 

743,348

 

Qorvo

   

570

a 

104,150

 

Qualcomm

   

2,732

 

367,563

 

Texas Instruments

   

1,676

 

318,138

 
    

3,047,103

 

Software & Services - 12.9%

     

Accenture, Cl. A

   

189

 

53,328

 

Adobe

   

669

a 

337,564

 

Autodesk

   

395

a 

112,915

 

Cadence Design Systems

   

701

a 

89,020

 

FLEETCOR Technologies

   

150

a 

41,166

 

Mastercard, Cl. A

   

1,012

 

364,907

 

Microsoft

   

14,038

 

3,505,008

 

PayPal Holdings

   

4,183

a 

1,087,664

 

salesforce.com

   

1,620

a 

385,722

 

ServiceNow

   

398

a 

188,604

 

Square, Cl. A

   

648

a 

144,193

 

Twilio, Cl. A

   

116

a 

38,976

 

Verisign

   

577

a 

126,894

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 99.1% (continued)

     

Software & Services - 12.9% (continued)

     

Visa, Cl. A

   

2,359

 

536,201

 
    

7,012,162

 

Technology Hardware & Equipment - 7.8%

     

Apple

   

27,455

 

3,421,168

 

Cisco Systems

   

11,177

 

591,263

 

Corning

   

3,627

 

158,246

 

HP

   

1,052

 

30,750

 

Vontier

   

166

 

5,823

 

Xerox Holdings

   

460

 

10,787

 
    

4,218,037

 

Telecommunication Services - 1.0%

     

Verizon Communications

   

9,647

 

544,959

 

Transportation - 1.6%

     

CSX

   

2,939

 

294,253

 

Expeditors International of Washington

   

949

 

119,280

 

Norfolk Southern

   

383

 

107,585

 

United Airlines Holdings

   

2,884

a 

168,281

 

United Parcel Service, Cl. B

   

726

 

155,800

 
    

845,199

 

Utilities - 2.8%

     

American Water Works

   

1,111

 

172,227

 

DTE Energy

   

1,845

 

254,592

 

Hawaiian Electric Industries

   

1,439

 

61,949

 

IDACORP

   

1,391

 

136,248

 

MDU Resources Group

   

4,772

 

160,625

 

OGE Energy

   

6,803

 

234,703

 

PPL

   

9,370

 

272,761

 

Public Service Enterprise Group

   

1,243

 

77,215

 

Sempra Energy

   

1,049

 

142,129

 
    

1,512,449

 

Total Investments (cost $29,841,988)

 

99.1%

 

53,838,646

 

Cash and Receivables (Net)

 

.9%

 

495,650

 

Net Assets

 

100.0%

 

54,334,296

 

a Non-income producing security.

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


STATEMENT OF INVESTMENTS
BNY Mellon Large Cap Stock 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:

     
 

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

53,838,646

-

-

53,838,646

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


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

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

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

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

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

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

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

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

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

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


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

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

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

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

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

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

At May 31, 2021, accumulated net unrealized appreciation on investments was $23,996,658, consisting of $24,274,582 gross unrealized appreciation and $277,924 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.