STATEMENT OF INVESTMENTS
BNY Mellon Select Managers Small Cap Growth Fund
February 28, 2022 (Unaudited)
Description | Shares | Value ($) | |||||
Common Stocks - 96.9% | |||||||
Automobiles & Components - 2.5% | |||||||
Dana | 26,055 | 485,144 | |||||
Dorman Products | 16,045 | a | 1,498,924 | ||||
Fox Factory Holding | 55,566 | a | 6,557,899 | ||||
Gentherm | 10,642 | a | 902,867 | ||||
LCI Industries | 20,034 | 2,494,634 | |||||
Visteon | 21,132 | a | 2,539,432 | ||||
14,478,900 | |||||||
Banks - 5.7% | |||||||
Axos Financial | 134,427 | a | 7,358,534 | ||||
Banc of California | 55,470 | 1,089,986 | |||||
Bank OZK | 27,816 | 1,307,908 | |||||
Central Pacific Financial | 44,703 | 1,304,881 | |||||
ConnectOne Bancorp | 22,477 | 741,741 | |||||
Cullen/Frost Bankers | 5,992 | 843,254 | |||||
Customers Bancorp | 11,783 | a | 725,244 | ||||
Federal Agricultural Mortgage, Cl. C | 7,042 | 871,095 | |||||
First Bancorp | 60,343 | 852,043 | |||||
First Financial Bankshares | 27,892 | 1,336,585 | |||||
First Interstate BancSystem, Cl. A | 25,313 | 1,027,708 | |||||
Heritage Commerce | 98,914 | 1,176,087 | |||||
Metropolitan Bank Holding | 6,996 | a | 715,341 | ||||
Mr. Cooper Group | 17,965 | a | 913,161 | ||||
National Bank Holdings, Cl. A | 31,060 | 1,378,443 | |||||
Nicolet Bankshares | 9,402 | a | 895,635 | ||||
Pacific Premier Bancorp | 36,197 | 1,401,186 | |||||
PacWest Bancorp | 39,986 | 1,976,108 | |||||
Popular | 11,141 | 1,023,301 | |||||
ServisFirst Bancshares | 9,557 | 835,091 | |||||
Silvergate Capital, Cl. A | 6,118 | a | 783,593 | ||||
The Bancorp | 17,390 | a | 509,527 | ||||
Triumph Bancorp | 5,755 | a | 577,342 | ||||
Walker & Dunlop | 6,695 | 926,253 | |||||
Wintrust Financial | 22,181 | 2,203,904 | |||||
32,773,951 | |||||||
Capital Goods - 12.1% | |||||||
AAON | 33,949 | 1,988,053 | |||||
AeroVironment | 17,486 | a | 1,242,380 | ||||
Alamo Group | 10,682 | 1,485,973 | |||||
Ameresco, Cl. A | 19,942 | a | 1,281,274 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||
Common Stocks - 96.9% (continued) | |||||||
Capital Goods - 12.1% (continued) | |||||||
Arcosa | 21,297 | 1,121,713 | |||||
Armstrong World Industries | 19,967 | 1,765,083 | |||||
Astec Industries | 46,875 | 2,334,375 | |||||
Atkore | 11,578 | a | 1,177,598 | ||||
Barnes Group | 20,447 | 949,763 | |||||
Beacon Roofing Supply | 28,801 | a | 1,719,132 | ||||
BlueLinx Holdings | 9,355 | a | 836,150 | ||||
Boise Cascade | 11,758 | 939,935 | |||||
Construction Partners, Cl. A | 76,027 | a | 2,034,483 | ||||
Curtiss-Wright | 6,067 | 895,004 | |||||
Donaldson | 22,400 | 1,215,648 | |||||
Dycom Industries | 12,815 | a | 1,115,674 | ||||
Energy Recovery | 16,379 | a | 311,201 | ||||
EnPro Industries | 8,461 | 934,433 | |||||
ESCO Technologies | 26,979 | 1,876,929 | |||||
Evoqua Water Technologies | 57,357 | a | 2,446,849 | ||||
Federal Signal | 17,842 | 644,275 | |||||
Fluor | 72,456 | a | 1,569,397 | ||||
H&E Equipment Services | 52,370 | 2,186,971 | |||||
Herc Holdings | 3,832 | 609,748 | |||||
John Bean Technologies | 7,182 | 814,223 | |||||
Kornit Digital | 33,236 | a | 3,151,770 | ||||
Kratos Defense & Security Solutions | 67,999 | a | 1,422,539 | ||||
Masonite International | 34,298 | a | 3,235,330 | ||||
MSC Industrial Direct, Cl. A | 4,826 | 373,918 | |||||
PGT Innovations | 49,985 | a | 1,075,177 | ||||
RADA Electronic Industries | 104,973 | a | 1,374,097 | ||||
RBC Bearings | 16,933 | a | 3,282,462 | ||||
Regal Rexnord | 8,008 | 1,284,083 | |||||
Rush Enterprises, Cl. A | 33,369 | 1,733,186 | |||||
Simpson Manufacturing | 24,615 | 2,917,124 | |||||
SiteOne Landscape Supply | 15,773 | a,b | 2,719,738 | ||||
Trex | 36,031 | a | 3,309,087 | ||||
Triton International | 13,386 | 879,193 | |||||
Univar Solutions | 51,939 | a | 1,595,047 | ||||
Veritiv | 5,546 | a | 594,365 | ||||
Vicor | 16,682 | a | 1,247,313 | ||||
Watts Water Technologies, Cl. A | 5,889 | 847,722 | |||||
WESCO International | 9,319 | a | 1,134,402 | ||||
WillScot Mobile Mini Holdings | 96,649 | a | 3,433,939 | ||||
Zurn Water Solutions | 19,369 | 629,880 | |||||
69,736,636 | |||||||
Commercial & Professional Services - 2.8% | |||||||
CACI International, Cl. A | 3,610 | a | 1,010,042 |
Description | Shares | Value ($) | |||||
Common Stocks - 96.9% (continued) | |||||||
Commercial & Professional Services - 2.8% (continued) | |||||||
Casella Waste Systems, Cl. A | 18,405 | a | 1,387,737 | ||||
CBIZ | 46,637 | a | 1,814,646 | ||||
Exponent | 39,191 | 3,713,739 | |||||
Franklin Covey | 12,112 | a | 558,363 | ||||
FTI Consulting | 7,639 | a | 1,115,294 | ||||
IAA | 32,629 | a | 1,198,789 | ||||
KBR | 23,393 | 1,161,229 | |||||
Montrose Environmental Group | 29,877 | a | 1,317,874 | ||||
The Brink's Company | 27,388 | 1,918,803 | |||||
Willdan Group | 25,567 | a | 825,814 | ||||
16,022,330 | |||||||
Consumer Durables & Apparel - 1.5% | |||||||
Cavco Industries | 2,942 | a | 802,077 | ||||
Clarus | 55,540 | 1,264,646 | |||||
Crocs | 933 | a | 78,120 | ||||
Mattel | 35,964 | a | 898,381 | ||||
Movado Group | 23,327 | 919,550 | |||||
Skyline Champion | 34,576 | a | 2,324,890 | ||||
Steven Madden | 33,629 | 1,434,613 | |||||
Vizio Holding, Cl. A | 58,022 | a,b | 787,939 | ||||
8,510,216 | |||||||
Consumer Services - 5.3% | |||||||
Boyd Gaming | 57,275 | 4,063,088 | |||||
Bright Horizons Family Solutions | 18,258 | a | 2,385,225 | ||||
Carriage Services | 11,690 | 575,265 | |||||
Century Casinos | 77,179 | a | 949,302 | ||||
Choice Hotels International | 7,011 | 1,012,038 | |||||
Chuy's Holdings | 34,629 | a | 1,128,905 | ||||
Dutch Bros, CI. A | 13,936 | a,b | 671,855 | ||||
European Wax Center, Cl. A | 40,155 | a | 998,655 | ||||
Golden Entertainment | 9,565 | a | 544,535 | ||||
Hilton Grand Vacations | 44,694 | a | 2,317,831 | ||||
Hyatt Hotels, Cl. A | 8,160 | a | 792,418 | ||||
Kura Sushi USA, Cl. A | 6,843 | a | 360,626 | ||||
Planet Fitness, Cl. A | 11,263 | a | 953,188 | ||||
Red Rock Resorts, Cl. A | 51,502 | 2,589,521 | |||||
SeaWorld Entertainment | 15,506 | a | 1,075,961 | ||||
Strategic Education | 14,618 | 862,754 | |||||
Stride | 79,687 | a | 2,675,889 | ||||
Texas Roadhouse | 53,010 | 5,031,179 | |||||
Vail Resorts | 5,771 | 1,503,634 | |||||
30,491,869 | |||||||
Diversified Financials - 1.9% | |||||||
Donnelley Financial Solutions | 71,711 | a | 2,301,923 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||
Common Stocks - 96.9% (continued) | |||||||
Diversified Financials - 1.9% (continued) | |||||||
Enova International | 30,736 | a | 1,253,106 | ||||
Evercore, Cl. A | 13,861 | 1,760,486 | |||||
Green Dot, Cl. A | 31,633 | a | 906,285 | ||||
PJT Partners, Cl. A | 32,664 | 2,084,617 | |||||
Stifel Financial | 10,703 | 786,671 | |||||
StoneX Group | 10,627 | a | 801,807 | ||||
Virtu Financial, Cl. A | 23,747 | 833,045 | |||||
10,727,940 | |||||||
Energy - 3.2% | |||||||
Cactus, Cl. A | 17,956 | 909,651 | |||||
California Resources | 16,624 | 685,408 | |||||
Centennial Resource Development, Cl. A | 104,173 | a | 914,639 | ||||
Chesapeake Energy | 21,158 | b | 1,634,456 | ||||
Enviva | 16,589 | 1,156,253 | |||||
Helmerich & Payne | 53,858 | 1,951,275 | |||||
Magnolia Oil & Gas, CI. A | 35,579 | b | 795,191 | ||||
Matador Resources | 41,442 | 2,055,523 | |||||
Nextier Oilfield Solutions | 133,323 | a | 1,061,251 | ||||
Northern Oil & Gas | 33,825 | 848,331 | |||||
Oasis Petroleum | 6,878 | 911,404 | |||||
Ovintiv | 27,177 | 1,246,065 | |||||
Patterson-UTI Energy | 70,330 | 1,014,862 | |||||
PDC Energy | 13,723 | 885,408 | |||||
RPC | 106,103 | a | 930,523 | ||||
Select Energy Services, Cl. A | 88,013 | a | 728,748 | ||||
Whiting Petroleum | 12,398 | 915,592 | |||||
18,644,580 | |||||||
Food & Staples Retailing - 1.2% | |||||||
BJ's Wholesale Club Holdings | 58,976 | a | 3,707,821 | ||||
Performance Food Group | 38,257 | a | 2,143,922 | ||||
The Andersons | 20,919 | 953,906 | |||||
6,805,649 | |||||||
Food, Beverage & Tobacco - 1.5% | |||||||
Flowers Foods | 31,886 | 873,995 | |||||
Freshpet | 18,484 | a | 1,760,231 | ||||
Hostess Brands | 47,532 | a | 1,023,839 | ||||
J&J Snack Foods | 13,300 | 2,177,476 | |||||
MGP Ingredients | 12,118 | 964,714 | |||||
The Hain Celestial Group | 36,633 | a | 1,331,976 | ||||
The Simply Good Foods Company | 16,896 | a | 669,588 | ||||
8,801,819 | |||||||
Health Care Equipment & Services - 8.3% | |||||||
Allscripts Healthcare Solutions | 41,396 | a | 805,566 | ||||
AMN Healthcare Services | 22,974 | a | 2,438,460 |
Description | Shares | Value ($) | |||||
Common Stocks - 96.9% (continued) | |||||||
Health Care Equipment & Services - 8.3% (continued) | |||||||
Axonics | 29,004 | a | 1,646,267 | ||||
BioLife Solutions | 48,231 | a | 1,133,429 | ||||
Castle Biosciences | 39,010 | a | 1,688,743 | ||||
CryoPort | 89,527 | a | 3,073,462 | ||||
Envista Holdings | 17,926 | a | 860,448 | ||||
Establishment Labs Holdings | 8,596 | a,b | 519,456 | ||||
Globus Medical, Cl. A | 39,203 | a | 2,756,755 | ||||
Guardant Health | 4,646 | a | 307,890 | ||||
HealthEquity | 40,402 | a | 2,169,991 | ||||
HealthStream | 47,849 | a | 980,426 | ||||
Inari Medical | 6,698 | a,b | 589,290 | ||||
Inmode | 34,773 | a | 1,484,459 | ||||
Inspire Medical Systems | 6,604 | a | 1,611,772 | ||||
Insulet | 1,383 | a | 366,066 | ||||
Lantheus Holdings | 21,601 | a | 1,032,960 | ||||
LeMaitre Vascular | 27,855 | b | 1,322,277 | ||||
LHC Group | 18,637 | a | 2,537,800 | ||||
Masimo | 11,147 | a | 1,755,095 | ||||
MEDNAX | 36,801 | a | 863,719 | ||||
Neogen | 50,740 | a | 1,811,418 | ||||
Omnicell | 41,144 | a | 5,319,097 | ||||
OptimizeRx | 26,432 | a | 1,197,105 | ||||
Option Care Health | 29,220 | a | 750,954 | ||||
PetIQ | 40,575 | a,b | 805,008 | ||||
Premier, Cl. A | 64,902 | 2,332,578 | |||||
STAAR Surgical | 29,251 | a | 2,320,189 | ||||
Tactile Systems Technology | 44,788 | a | 911,884 | ||||
Tandem Diabetes Care | 16,293 | a | 1,835,081 | ||||
Tenet Healthcare | 10,256 | a | 881,913 | ||||
48,109,558 | |||||||
Household & Personal Products - 1.3% | |||||||
Inter Parfums | 35,994 | 3,343,123 | |||||
Medifast | 17,287 | 3,215,382 | |||||
WD-40 | 5,585 | 1,183,406 | |||||
7,741,911 | |||||||
Insurance - 1.4% | |||||||
Goosehead Insurance, Cl. A | 15,033 | a | 1,307,570 | ||||
Kinsale Capital Group | 27,641 | 5,797,976 | |||||
Palomar Holdings | 10,768 | a | 693,782 | ||||
7,799,328 | |||||||
Materials - 5.0% | |||||||
Balchem | 20,601 | 2,849,942 | |||||
Cabot | 15,555 | 1,138,004 | |||||
Century Aluminum | 43,152 | a | 1,019,250 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||
Common Stocks - 96.9% (continued) | |||||||
Materials - 5.0% (continued) | |||||||
Element Solutions | 101,804 | 2,502,342 | |||||
Huntsman | 28,986 | 1,172,194 | |||||
Ingevity | 27,085 | a | 1,848,010 | ||||
Kaiser Aluminum | 16,736 | 1,615,024 | |||||
Livent | 108,479 | a,b | 2,554,680 | ||||
LSB Industries | 52,040 | a | 900,292 | ||||
Materion | 16,783 | 1,402,220 | |||||
Methanex | 44,042 | 2,298,552 | |||||
MP Materials | 28,399 | a,b | 1,295,562 | ||||
Olin | 12,820 | 660,358 | |||||
Ranpak Holdings | 119,960 | a | 2,903,032 | ||||
Reliance Steel & Aluminum | 5,090 | 971,528 | |||||
Sealed Air | 16,319 | 1,095,494 | |||||
Silgan Holdings | 18,786 | 786,758 | |||||
Tronox Holdings, Cl. A | 61,826 | 1,255,068 | |||||
Warrior Met Coal | 27,113 | 854,060 | |||||
29,122,370 | |||||||
Media & Entertainment - 2.1% | |||||||
Clear Channel Outdoor Holdings | 235,088 | a | 879,229 | ||||
Lions Gate Entertainment, Cl. A | 109,500 | a,b | 1,681,920 | ||||
TechTarget | 42,158 | a | 3,304,344 | ||||
World Wrestling Entertainment, Cl. A | 41,350 | b | 2,450,401 | ||||
Ziff Davis | 35,585 | a | 3,579,851 | ||||
11,895,745 | |||||||
Pharmaceuticals Biotechnology & Life Sciences - 10.0% | |||||||
ACADIA Pharmaceuticals | 21,411 | a | 544,054 | ||||
Aerie Pharmaceuticals | 61,078 | a,b | 506,947 | ||||
Albireo Pharma | 17,877 | a | 596,019 | ||||
Alpha Teknova | 25,054 | a | 425,918 | ||||
Amicus Therapeutics | 47,271 | a | 384,786 | ||||
Amphastar Pharmaceuticals | 33,684 | a | 933,384 | ||||
Amylyx Pharmaceuticals | 15,128 | a | 497,711 | ||||
Arcus Biosciences | 21,620 | a | 804,264 | ||||
Arena Pharmaceuticals | 13,825 | a | 1,312,960 | ||||
argenx, ADR | 4,578 | a | 1,317,136 | ||||
Ascendis Pharma, ADR | 9,387 | a | 1,055,005 | ||||
Avantor | 27,317 | a | 947,627 | ||||
Avid Bioservices | 112,204 | a | 2,297,938 | ||||
BioCryst Pharmaceuticals | 49,307 | a,b | 818,989 | ||||
Biohaven Pharmaceutical Holding | 27,038 | a | 3,209,680 | ||||
Bio-Techne | 7,857 | 3,295,304 | |||||
CareDx | 49,000 | a | 1,880,621 | ||||
Catalyst Pharmaceuticals | 89,135 | a | 695,253 | ||||
Collegium Pharmaceutical | 24,909 | a | 484,978 |
Description | Shares | Value ($) | |||||
Common Stocks - 96.9% (continued) | |||||||
Pharmaceuticals Biotechnology & Life Sciences - 10.0% (continued) | |||||||
Cytokinetics | 20,054 | a,b | 708,307 | ||||
Emergent BioSolutions | 17,326 | a | 716,950 | ||||
Fate Therapeutics | 13,236 | a | 457,304 | ||||
Global Blood Therapeutics | 17,134 | a | 517,447 | ||||
Halozyme Therapeutics | 84,601 | a | 3,000,797 | ||||
Insmed | 14,685 | a | 350,972 | ||||
Instil Bio | 39,150 | a,b | 420,080 | ||||
Intra-Cellular Therapies | 49,215 | a | 2,730,448 | ||||
Iovance Biotherapeutics | 50,819 | a | 796,334 | ||||
iTeos Therapeutics | 18,354 | a | 663,130 | ||||
IVERIC bio | 77,695 | a | 1,246,228 | ||||
Karyopharm Therapeutics | 124,018 | a,b | 1,281,106 | ||||
Kezar Life Sciences | 48,662 | a | 722,631 | ||||
Kiniksa Pharmaceuticals, CI. A | 39,979 | a | 409,385 | ||||
Krystal Biotech | 19,764 | a,b | 1,256,003 | ||||
LAVA Therapeutics | 17,647 | a | 84,529 | ||||
Ligand Pharmaceuticals | 16,143 | a | 1,633,994 | ||||
Medpace Holdings | 26,553 | a | 4,061,813 | ||||
NeoGenomics | 52,417 | a,b | 1,122,248 | ||||
Neurocrine Biosciences | 10,456 | a | 939,681 | ||||
Optinose | 40,185 | a | 117,742 | ||||
Pacira Biosciences | 19,635 | a | 1,309,458 | ||||
Prestige Consumer Healthcare | 50,506 | a | 3,006,622 | ||||
Prometheus Biosciences | 22,370 | a | 973,990 | ||||
PTC Therapeutics | 36,942 | a | 1,297,403 | ||||
Puma Biotechnology | 16,500 | a | 37,950 | ||||
Repligen | 3,346 | a | 658,158 | ||||
Revance Therapeutics | 46,355 | a,b | 629,037 | ||||
Sierra Oncology | 25,466 | a | 787,154 | ||||
Singular Genomics Systems | 23,118 | a | 190,261 | ||||
SomaLogic | 64,282 | a | 584,323 | ||||
Supernus Pharmaceuticals | 33,384 | a | 1,066,619 | ||||
Twist Bioscience | 8,319 | a | 465,365 | ||||
Veracyte | 34,967 | a | 972,083 | ||||
Verve Therapeutics | 15,556 | a,b | 507,903 | ||||
VistaGen Therapeutics | 198,610 | a | 278,054 | ||||
58,010,083 | |||||||
Real Estate - 2.5% | |||||||
American Assets Trust | 27,958 | c | 1,022,145 | ||||
Apple Hospitality REIT | 37,483 | c | 663,074 | ||||
DigitalBridge Group | 310,414 | a,c | 2,250,502 | ||||
EastGroup Properties | 4,628 | c | 882,837 | ||||
First Industrial Realty Trust | 11,157 | c | 642,420 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||
Common Stocks - 96.9% (continued) | |||||||
Real Estate - 2.5% (continued) | |||||||
Gladstone Land | 23,768 | b,c | 710,426 | ||||
Independence Realty Trust | 28,184 | c | 712,210 | ||||
Innovative Industrial Properties | 7,707 | b,c | 1,452,461 | ||||
National Storage Affiliates Trust | 12,996 | c | 757,277 | ||||
NexPoint Residential Trust | 12,635 | c | 1,073,596 | ||||
Park Hotels & Resorts | 29,276 | a,c | 551,560 | ||||
Retail Opportunity Investments | 82,329 | c | 1,495,095 | ||||
Rexford Industrial Realty | 9,952 | c | 697,934 | ||||
Terreno Realty | 17,299 | c | 1,189,998 | ||||
UMH Properties | 24,202 | c | 558,098 | ||||
14,659,633 | |||||||
Retailing - 3.3% | |||||||
Asbury Automotive Group | 13,643 | a | 2,648,243 | ||||
Boot Barn Holdings | 19,580 | a | 1,703,852 | ||||
CarGurus | 18,131 | a | 878,447 | ||||
Leslie's | 95,434 | a | 2,033,699 | ||||
Macy's | 30,944 | 802,068 | |||||
Murphy USA | 3,773 | 681,932 | |||||
Ollie's Bargain Outlet Holdings | 28,754 | a | 1,241,598 | ||||
Overstock.com | 52,622 | a | 2,994,192 | ||||
Points.com | 20,338 | a | 367,304 | ||||
Pool | 3,249 | 1,489,926 | |||||
Shutterstock | 19,798 | 1,792,313 | |||||
Signet Jewelers | 20,478 | 1,443,699 | |||||
Sleep Number | 12,601 | a | 827,886 | ||||
18,905,159 | |||||||
Semiconductors & Semiconductor Equipment - 6.3% | |||||||
Ambarella | 5,086 | a | 710,565 | ||||
Axcelis Technologies | 13,563 | a | 938,831 | ||||
Azenta | 23,477 | 2,054,707 | |||||
CEVA | 33,271 | a | 1,356,459 | ||||
Diodes | 7,207 | a | 645,675 | ||||
Impinj | 8,361 | a | 574,819 | ||||
Lattice Semiconductor | 39,615 | a | 2,480,691 | ||||
MaxLinear | 14,424 | a | 884,912 | ||||
Monolithic Power Systems | 5,459 | 2,504,043 | |||||
Onto Innovation | 73,904 | a | 6,371,265 | ||||
PDF Solutions | 21,813 | a | 596,804 | ||||
Photronics | 55,956 | a | 1,030,710 | ||||
Rambus | 39,152 | a | 1,057,104 | ||||
Semtech | 61,996 | a | 4,301,283 | ||||
Silicon Laboratories | 3,864 | a | 593,935 | ||||
Silicon Motion Technology, ADR | 36,173 | 2,623,989 | |||||
SiTime | 11,305 | a | 2,285,193 |
Description | Shares | Value ($) | |||||
Common Stocks - 96.9% (continued) | |||||||
Semiconductors & Semiconductor Equipment - 6.3% (continued) | |||||||
SMART Global Holdings | 21,521 | a,b | 590,751 | ||||
Synaptics | 17,100 | a | 3,906,153 | ||||
Veeco Instruments | 32,705 | a,b | 934,382 | ||||
36,442,271 | |||||||
Software & Services - 12.0% | |||||||
A10 Networks | 43,764 | 623,199 | |||||
ACI Worldwide | 109,485 | a | 3,669,937 | ||||
Agilysys | 33,008 | a | 1,387,326 | ||||
Alarm.com Holdings | 39,818 | a | 2,621,219 | ||||
Asana, Cl. A | 10,348 | a,b | 566,967 | ||||
Bill.com Holdings | 5,161 | a | 1,227,699 | ||||
Blackbaud | 22,246 | a | 1,390,153 | ||||
BlackLine | 26,328 | a | 1,982,762 | ||||
Bottomline Technologies | 31,902 | a | 1,806,929 | ||||
Cerence | 11,064 | a | 399,521 | ||||
Concentrix | 4,383 | 876,118 | |||||
Consensus Cloud Solutions | 10,940 | a | 608,920 | ||||
CSG Systems International | 14,604 | 901,359 | |||||
Digital Turbine | 14,165 | a,b | 686,719 | ||||
DigitalOcean Holdings | 22,492 | a | 1,334,225 | ||||
Domo, Cl. B | 18,322 | a | 815,329 | ||||
Envestnet | 33,511 | a | 2,507,293 | ||||
Euronet Worldwide | 26,444 | a | 3,390,914 | ||||
Evo Payments, Cl. A | 60,455 | a | 1,457,570 | ||||
ExlService Holdings | 23,938 | a | 2,891,471 | ||||
Fair Isaac | 8,165 | a | 3,847,266 | ||||
I3 Verticals, Cl. A | 57,544 | a | 1,519,162 | ||||
Limelight Networks | 178,987 | a,b | 699,839 | ||||
MAXIMUS | 19,086 | 1,505,122 | |||||
Mimecast | 18,640 | a | 1,482,439 | ||||
Perficient | 22,506 | a | 2,293,361 | ||||
Q2 Holdings | 24,092 | a,b | 1,567,185 | ||||
Qualys | 8,157 | a | 1,022,154 | ||||
Rackspace Technology | 143,060 | a,b | 1,592,258 | ||||
Rapid7 | 11,640 | a | 1,204,274 | ||||
Smartsheet, Cl. A | 8,216 | a | 436,845 | ||||
SolarWinds | 10,691 | a,b | 144,863 | ||||
Sprout Social, Cl. A | 32,195 | a | 2,096,216 | ||||
SPS Commerce | 8,153 | a | 1,058,667 | ||||
Switch, Cl. A | 24,031 | 625,287 | |||||
The Descartes Systems Group | 74,155 | a | 5,284,286 | ||||
Tyler Technologies | 2,994 | a | 1,282,210 | ||||
Varonis Systems | 6,776 | a | 295,434 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||
Common Stocks - 96.9% (continued) | |||||||
Software & Services - 12.0% (continued) | |||||||
Verra Mobility | 146,898 | a | 2,467,886 | ||||
Wix.com | 6,574 | a | 602,047 | ||||
WNS Holdings, ADR | 50,332 | a | 4,158,933 | ||||
Workiva | 19,193 | a | 2,021,023 | ||||
Zeta Global Holdings, Cl. A | 68,495 | a,b | 891,120 | ||||
69,243,507 | |||||||
Technology Hardware & Equipment - 3.7% | |||||||
908 Devices | 13,902 | a,b | 231,190 | ||||
Belden | 27,603 | 1,555,429 | |||||
Calix | 57,369 | a | 3,117,431 | ||||
Cambium Networks | 20,066 | a | 558,035 | ||||
Ciena | 14,072 | a | 962,806 | ||||
Clearfield | 26,541 | a,b | 1,701,544 | ||||
ePlus | 37,392 | a | 1,753,685 | ||||
Extreme Networks | 50,723 | a | 582,807 | ||||
Ituran Location & Control | 7,828 | 161,022 | |||||
Juniper Networks | 29,168 | 985,587 | |||||
nLight | 46,788 | a | 762,644 | ||||
Novanta | 17,016 | a | 2,324,896 | ||||
PAR Technology | 24,870 | a,b | 1,043,048 | ||||
Pure Storage, Cl. A | 28,905 | a | 749,796 | ||||
Radware | 56,372 | a | 1,939,761 | ||||
Rogers | 9,029 | a | 2,464,917 | ||||
Super Micro Computer | 17,944 | a | 705,020 | ||||
21,599,618 | |||||||
Transportation - 3.1% | |||||||
Air Transport Services Group | 62,228 | a | 1,960,804 | ||||
Allegiant Travel | 11,395 | a | 1,983,756 | ||||
Atlas Air Worldwide Holdings | 9,254 | a | 725,143 | ||||
Daseke | 68,495 | a | 859,612 | ||||
Eagle Bulk Shipping | 14,168 | 747,079 | |||||
Forward Air | 9,877 | 1,019,109 | |||||
Genco Shipping & Trading | 40,450 | 779,876 | |||||
GXO Logistics | 9,142 | a | 767,288 | ||||
Knight-Swift Transportation Holdings | 10,990 | 598,735 | |||||
Marten Transport | 173,255 | 2,988,649 | |||||
Matson | 7,871 | 871,871 | |||||
Saia | 6,824 | a | 1,960,058 | ||||
TFI International | 15,606 | 1,627,550 | |||||
XPO Logistics | 14,690 | a | 1,067,669 | ||||
17,957,199 | |||||||
Utilities - .2% | |||||||
California Water Service Group | 16,312 | 928,642 | |||||
Total Common Stocks (cost $434,994,086) | 559,408,914 |
1-Day | |||||||
Investment Companies - 2.3% | |||||||
Registered Investment Companies - 2.3% | |||||||
Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares | 0.10 | 13,417,214 | d | 13,417,214 | |||
Investment of Cash Collateral for Securities Loaned - 1.6% | |||||||
Registered Investment Companies - 1.6% | |||||||
Dreyfus Institutional Preferred Government Plus Money Market Fund, SL Shares | 0.10 | 9,446,112 | d | 9,446,112 | |||
Total Investments (cost $457,857,412) | 100.8% | 582,272,240 | |||||
Liabilities, Less Cash and Receivables | (.8%) | (4,670,619) | |||||
Net Assets | 100.0% | 577,601,621 |
ADR—American Depository Receipt
REIT—Real Estate Investment Trust
a Non-income producing security.
b Security, or portion thereof, on loan. At February 28, 2022, the value of the fund’s securities on loan was $24,375,180 and the value of the collateral was $24,680,624, consisting of cash collateral of $9,446,112 and U.S. Government & Agency securities valued at $15,234,512. In addition, the value of collateral may include pending sales that are also on loan.
c Investment in real estate investment trust within the United States.
d Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company’s prospectus.
STATEMENT OF INVESTMENTS
BNY Mellon Select Managers Small Cap Growth Fund
February 28, 2022 (Unaudited)
The following is a summary of the inputs used as of February 28, 2022 in valuing the fund’s investments:
Level 1-Unadjusted Quoted Prices | Level 2- Other Significant Observable Inputs | Level 3-Significant Unobservable Inputs | Total | |||
Assets ($) | ||||||
Investments in Securities:† | ||||||
Equity Securities - Common Stocks | 559,408,914 | - | - | 559,408,914 | ||
Investment Companies | 22,863,326 | - | - | 22,863,326 |
† 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. 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.
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 February 28, 2022, accumulated net unrealized appreciation on investments was $124,414,828, consisting of $150,527,106 gross unrealized appreciation and $26,112,278 gross unrealized depreciation.
At February 28, 2022, 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.