NPORT-EX 2 c10227bnymellone-august20211.htm Untitled Document

STATEMENT OF INVESTMENTS
BNY Mellon Emerging Markets Securities Fund

August 31, 2021 (Unaudited)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 97.3%

     

Brazil - 5.4%

     

Banco do Brasil

   

88,100

 

516,422

 

Cia de Saneamento de Minas Gerais-COPASA

   

241,200

 

653,052

 

Cyrela Brazil Realty Empreendimentos e Participacoes

   

260,800

a 

1,021,351

 

Minerva

   

306,400

a 

488,268

 

Petroleo Brasileiro, ADR

   

204,992

 

2,222,113

 
    

4,901,206

 

China - 24.7%

     

Agile Group Holdings

   

444,000

 

509,226

 

Agricultural Bank of China, Cl. H

   

1,727,000

 

579,556

 

Alibaba Group Holding, ADR

   

4,740

a 

791,533

 

China CITIC Bank, Cl. H

   

1,768,000

 

813,819

 

China Construction Bank, Cl. H

   

2,570,399

 

1,857,375

 

China Galaxy Securities, Cl. H

   

1,049,000

 

589,413

 

China Shenhua Energy, Cl. H

   

621,500

 

1,376,059

 

Cosco Shipping Holdings, Cl. H

   

756,600

a 

1,430,034

 

ENN Energy Holdings

   

79,100

 

1,565,229

 

Industrial Bank, Cl. A

   

168,500

 

482,308

 

Lonking Holdings

   

1,815,000

a 

569,415

 

NetDragon Websoft Holdings

   

265,000

 

592,868

 

NetEase, ADR

   

6,086

 

592,898

 

New China Life Insurance, Cl. H

   

194,400

 

572,393

 

NIO, ADR

   

10,506

a 

412,991

 

Ping An Insurance Group Company of China, Cl. H

   

147,500

 

1,145,491

 

Shanghai Pharmaceuticals Holding, Cl. H

   

362,600

 

719,843

 

Sinotruk Hong Kong

   

217,000

 

427,446

 

Tencent Holdings

   

109,850

a 

6,796,549

 

Zoomlion Heavy Industry Science & Technology, Cl. A

   

406,600

 

495,731

 
    

22,320,177

 

Hong Kong - 3.5%

     

Bosideng International Holdings

   

1,646,000

 

1,346,014

 

Shimao Group Holdings

   

241,000

 

498,271

 

SITC International Holdings

   

296,000

 

1,290,192

 
    

3,134,477

 

India - 9.6%

     

Chennai Super Kings Cricket

   

5,440,206

a,b 

0

 

Colgate-Palmolive India

   

20,542

a 

476,441

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 97.3% (continued)

     

India - 9.6% (continued)

     

Glenmark Pharmaceuticals

   

75,490

 

548,332

 

Indus Towers

   

186,561

a 

550,298

 

Infosys

   

33,127

 

774,298

 

Mindtree

   

30,080

 

1,494,472

 

Motherson Sumi Systems

   

329,140

 

985,515

 

Power Grid Corporation of India

   

269,490

 

647,263

 

REC

   

284,327

 

590,794

 

Shriram Transport Finance

   

30,756

 

569,854

 

Tata Steel

   

53,856

 

1,069,817

 

Tech Mahindra

   

47,995

 

951,683

 
    

8,658,767

 

Indonesia - .7%

     

Indofood Sukses Makmur

   

1,378,000

 

 596,610

 

Philippines - 1.1%

     

International Container Terminal Services

   

258,930

 

 968,580

 

Russia - 4.1%

     

Lukoil

   

18,831

c 

1,609,807

 

Sberbank of Russia

   

318,035

c 

1,428,107

 

X5 Retail Group, GDR

   

20,807

 

689,336

 
    

3,727,250

 

Saudi Arabia - .7%

     

Jarir Marketing

   

10,572

 

 610,525

 

South Africa - 5.8%

     

Impala Platinum Holdings

   

71,496

a 

1,097,080

 

MTN Group

   

54,919

 

504,493

 

MultiChoice Group

   

74,417

 

588,625

 

Sibanye Stillwater

   

528,882

 

2,144,473

 

The Foschini Group

   

91,044

 

935,745

 
    

5,270,416

 

South Korea - 16.6%

     

CJ CheilJedang

   

1,273

a 

497,913

 

DB Insurance

   

16,144

a 

817,330

 

DGB Financial Group

   

58,663

a 

460,419

 

Hana Financial Group

   

17,772

 

690,525

 

Hyundai Mobis

   

7,689

 

1,840,267

 

KB Financial Group

   

17,596

 

802,819

 

Kia Motors

   

6,134

a 

450,216

 

Korea Investment Holdings

   

10,198

a 

838,216

 

Kumho Petrochemical

   

7,182

a 

1,204,795

 

LG Electronics

   

10,786

a 

1,320,982

 

Osstem Implant

   

5,350

a 

739,665

 

POSCO, ADR

   

16,702

 

1,192,523

 

Samsung Electronics

   

51,304

 

3,393,865

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 97.3% (continued)

     

South Korea - 16.6% (continued)

     

Shinhan Financial Group

   

21,412

 

717,458

 
    

14,966,993

 

Taiwan - 21.1%

     

Chailease Holding

   

348,017

 

3,346,619

 

EVA Airways

   

662,000

a 

458,636

 

Evergreen Marine

   

316,000

 

1,550,724

 

MediaTek

   

81,000

 

2,633,410

 

momo.com

   

53,700

 

3,323,128

 

Taiwan Semiconductor Manufacturing

   

351,638

 

7,790,634

 
    

19,103,151

 

Thailand - 1.1%

     

Sri Trang Gloves Thailand

   

495,600

 

568,904

 

Thanachart Capital

   

400,300

 

456,404

 
    

1,025,308

 

Turkey - 1.9%

     

BIM Birlesik Magazalar

   

73,592

 

635,795

 

Eregli Demir ve Celik Fabrikalari

   

498,263

a 

1,125,158

 
    

1,760,953

 

Uruguay - 1.0%

     

Globant

   

2,832

a 

 912,697

 

Total Common Stocks (cost $61,743,026)

   

87,957,110

 
        

Exchange-Traded Funds - .8%

     

United States - .8%

     

iShares MSCI Emerging Markets ETF
(cost $753,791)

   

14,174

 

 742,859

 
  

Preferred Dividend
Yield (%)

     

Preferred Stocks - .6%

     

Brazil - .6%

     

Cia Energetica de Minas Gerais
(cost $494,745)

 

6.19

 

214,625

 

 556,195

 
  

1-Day
Yield (%)

     

Investment Companies - .5%

     

Registered Investment Companies - .5%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares
(cost $468,132)

 

0.06

 

468,132

d 

 468,132

 

Total Investments (cost $63,459,694)

 

99.2%

 

89,724,296

 

Cash and Receivables (Net)

 

.8%

 

684,512

 

Net Assets

 

100.0%

 

90,408,808

 

ADR—American Depository Receipt


STATEMENT OF INVESTMENTS (Unaudited) (continued)

ETF—Exchange-Traded Fund

GDR—Global Depository Receipt

a Non-income producing security.

b The fund held Level 3 securities at August 31, 2021. These securities were valued at $0 or .0% of net assets.

c The valuation of this security has been determined in good faith by management under the direction of the Board of Directors. At August 31, 2021, the value of these securities amounted to $3,037,914 or 3.36% of net assets.

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


STATEMENT OF INVESTMENTS
BNY Mellon Emerging Markets Securities Fund

August 31, 2021 (Unaudited)

The following is a summary of the inputs used as of August 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

84,919,196

3,037,914††

-

87,957,110

Equity Securities - Preferred Stocks

556,195

-

-

556,195

Exchange-Traded Funds

742,859

-

-

742,859

Investment Companies

468,132

-

-

468,132

 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.


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. These securities are generally categorized within Level 2 of the fair value hierarchy.

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 fund's Board Members (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 August 31, 2021, accumulated net unrealized appreciation on investments was $26,264,603, consisting of $29,729,743 gross unrealized appreciation and $3,465,140 gross unrealized depreciation.

At August 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.