0001775697-20-000510.txt : 20200415 0001775697-20-000510.hdr.sgml : 20200415 20200415071124 ACCESSION NUMBER: 0001775697-20-000510 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200229 FILED AS OF DATE: 20200415 PERIOD START: 20200531 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BNY Mellon Sustainable U.S. Equity Fund, Inc. CENTRAL INDEX KEY: 0000030167 IRS NUMBER: 132691318 STATE OF INCORPORATION: MD FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-02192 FILM NUMBER: 20792578 BUSINESS ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10286 BUSINESS PHONE: 2129226400 MAIL ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10286 FORMER COMPANY: FORMER CONFORMED NAME: Dreyfus Sustainable U.S. Equity Fund, Inc. DATE OF NAME CHANGE: 20170501 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS THIRD CENTURY FUND, INC DATE OF NAME CHANGE: 20161220 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS THIRD CENTURY FUND INC DATE OF NAME CHANGE: 20081201 0000030167 S000000095 BNY Mellon Sustainable U.S. Equity Fund, Inc. C000000149 Class A DTCAX C000000151 Class C DTCCX C000000152 Class I DRTCX C000000154 Class Z DRTHX C000174003 Class Y DTCYX NPORT-P 1 primary_doc.xml NPORT-P false 0000030167 XXXXXXXX S000000095 C000000149 C000000151 C000000152 C000000154 C000174003 BNY Mellon Sustainable U.S. Equity Fund, Inc. 811-02192 0000030167 549300QQ876PDFBOND85 240 Greenwich Street New York 10286 212 495 1784 BNY Mellon Sustainable U.S. Equity Fund, Inc. S000000095 549300QQ876PDFBOND85 2020-05-31 2020-02-29 N 340351378.15 368165.14 339983213.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 N ABBOTT LABORATORIES HQD377W2YR662HK5JX27 ABBOTT LABORATORIES 002824100 121972.00 NS USD 9395503.16 2.7635197269941 Long EC CORP US N 1 N N N APPLE INC HWUPKR0MPOU8FGXBT394 APPLE INC 037833100 84723.00 NS USD 23159879.28 6.8120655355177 Long EC CORP US N 1 N N N COSTCO WHOLESALE CORP 29DX7H14B9S6O3FD6V18 COSTCO WHOLESALE CORP 22160K105 25266.00 NS USD 7103283.24 2.0893041091976 Long EC CORP US N 1 N N N GENERAL ELECTRIC CO 3C7474T6CDKPR9K6YT90 GENERAL ELECTRIC CO 369604103 665411.00 NS USD 7239671.68 2.129420336935 Long EC CORP US N 1 N N N CISCO SYSTEMS INC 8E6NF1YAL0WT6CWXXV93 CISCO SYSTEMS INC 17275R102 175289.00 NS USD 6999289.77 2.0587162842637 Long EC CORP US N 1 N N N GILEAD SCIENCES INC 549300WTZWR07K8MNV44 GILEAD SCIENCES INC 375558103 126700.00 NS USD 8787912.00 2.584807620999 Long EC CORP US N 1 N N N QUALCOMM INC 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BRANDS INC 00508Y102 20639.00 NS USD 2122927.54 0.6244212828053 Long EC CORP US N 1 N N N AMAZON.COM INC ZXTILKJKG63JELOEG630 AMAZON.COM INC 023135106 8595.00 NS USD 16190831.25 4.7622443198463 Long EC CORP US N 1 N N N TJX COS INC/THE V167QI9I69W364E2DY52 TJX COS INC/THE 872540109 63485.00 NS USD 3796403.00 1.1166442502819 Long EC CORP US N 1 N N N CMS ENERGY CORP 549300IA9XFBAGNIBW29 CMS ENERGY CORP 125896100 81645.00 NS USD 4932990.9 1.4509513150153 Long EC CORP US N 1 N N N PULTEGROUP INC N/A PULTEGROUP INC 745867101 114181.00 NS USD 4590076.2 1.3500890703874 Long EC CORP US N 1 N N N ALBEMARLE CORP HDBLS2Q6GV1LSKQPBS54 ALBEMARLE CORP 012653101 85138.00 NS USD 6968545.3 2.0496733466058 Long EC CORP US N 1 N N N INTERNATIONAL FLAVORS & FRAGRANCES INC BZLRL03D3GPGMOGFO832 INTERNATIONAL FLAVORS & FRAGRANCES INC 459506101 42983.00 NS USD 5148503.74 1.5143405741766 Long EC CORP US N 1 N N N REDWOOD TRUST INC DRBV4N1ERQLEMIF11G78 REDWOOD TRUST INC 758075402 237130.00 NS USD 4050180.4 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213800DU1LGY3R2S2X42 FERGUSON PLC N/A 52610.00 NS 4595399.22 1.3516547418077 Long EC CORP JE N 2 N N N DREYFUS INSTITUTIONAL PREFERRED GOVERNMENT MONEY MARKET N/A Dreyfus Institutional Preferred Government Plus Money Market Fund N/A 12334192.27 OU Other Units USD 12334192.27 3.6278827300915 Long STIV RF US N 1 2099-12-01 Variable 1.591512 N N N N N N 2020-04-14 BNY Mellon Advantage Funds, Inc. James Windels James Windels Fund Treasurer XXXX NPORT-EX 2 c10743bnymello-february20201.htm Untitled Document

STATEMENT OF INVESTMENTS
BNY Mellon Sustainable U.S. Equity Fund, Inc.

February 29, 2020 (Unaudited)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 96.4%

     

Banks - 4.6%

     

Citigroup

   

134,218

 

8,517,474

 

First Republic Bank

   

70,632

 

7,103,460

 
    

15,620,934

 

Capital Goods - 4.1%

     

Acuity Brands

   

20,639

 

2,122,928

 

Ferguson

   

52,610

 

4,595,399

 

General Electric

   

665,411

 

7,239,672

 
    

13,957,999

 

Consumer Durables & Apparel - 5.8%

     

Lennar, Cl. A

   

93,790

 

5,659,289

 

NIKE, Cl. B

   

107,573

 

9,614,875

 

PulteGroup

   

114,181

 

4,590,076

 
    

19,864,240

 

Diversified Financials - 4.0%

     

Redwood Trust

   

237,130

a

4,050,180

 

The Goldman Sachs Group

   

47,862

 

9,609,254

 
    

13,659,434

 

Food & Staples Retailing - 2.1%

     

Costco Wholesale

   

25,266

 

7,103,283

 

Food, Beverage & Tobacco - 3.2%

     

PepsiCo

   

81,832

 

10,804,279

 

Health Care Equipment & Services - 6.2%

     

Abbott Laboratories

   

121,972

 

9,395,503

 

Medtronic

   

116,156

 

11,693,425

 
    

21,088,928

 

Insurance - 3.3%

     

Intact Financial

   

103,162

 

11,182,000

 

Materials - 4.5%

     

Albemarle

   

85,138

 

6,968,545

 

Ecolab

   

18,435

 

3,326,596

 

International Flavors & Fragrances

   

42,983

 

5,148,504

 
    

15,443,645

 

Media & Entertainment - 7.1%

     

Alphabet, Cl. A

   

18,050

b

24,173,462

 

Pharmaceuticals Biotechnology & Life Sciences - 5.4%

     

Gilead Sciences

   

126,700

 

8,787,912

 

Merck & Co.

   

126,612

 

9,693,415

 
    

18,481,327

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 96.4% (continued)

     

Retailing - 9.9%

     

Amazon.com

   

8,595

b

16,190,831

 

Dollar General

   

47,525

 

7,143,007

 

eBay

   

184,486

 

6,390,595

 

The TJX Companies

   

63,485

 

3,796,403

 
    

33,520,836

 

Semiconductors & Semiconductor Equipment - 5.1%

     

Applied Materials

   

163,613

 

9,509,188

 

Qualcomm

   

97,773

 

7,655,626

 
    

17,164,814

 

Software & Services - 16.4%

     

Accenture, Cl. A

   

70,085

 

12,656,650

 

Fidelity National Information Services

   

38,857

 

5,429,100

 

Intuit

   

24,090

 

6,404,327

 

Mastercard, Cl. A

   

24,468

 

7,101,837

 

Microsoft

   

148,311

 

24,027,865

 
    

55,619,779

 

Technology Hardware & Equipment - 8.9%

     

Apple

   

84,723

 

23,159,879

 

Cisco Systems

   

175,289

 

6,999,290

 
    

30,159,169

 

Telecommunication Services - 2.5%

     

Verizon Communications

   

159,396

 

8,632,887

 

Utilities - 3.3%

     

CMS Energy

   

81,645

 

4,932,991

 

Eversource Energy

   

72,884

 

6,301,551

 
    

11,234,542

 

Total Common Stocks (cost $255,680,318)

   

327,711,558

 
  

1-Day
Yield (%)

     

Investment Companies - 3.6%

     

Registered Investment Companies - 3.6%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund
(cost $12,334,192)

 

1.59

 

12,334,192

c

12,334,192

 

Total Investments (cost $268,014,510)

 

100.0%

 

340,045,750

 

Liabilities, Less Cash and Receivables

 

(.0%)

 

(62,537)

 

Net Assets

 

100.0%

 

339,983,213

 

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

b Non-income producing security.

c 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 Sustainable U.S. Equity Fund, Inc.

February 29, 2020 (Unaudited)

The following is a summary of the inputs used as of February 29, 2020 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

323,116,159

4,595,399

††

-

327,711,558

Investment Companies

12,334,192

-

 

-

12,334,192

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.


NOTES

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 Securities and Exchange Commission (“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


NOTES

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 February 29, 2020, accumulated net unrealized appreciation on investments was $72,031,240, consisting of $76,239,902 gross unrealized appreciation and $4,208,662 gross unrealized depreciation.

At February 29, 2020, 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.