STATEMENT OF INVESTMENTS
BNY Mellon Select Managers Small Cap Growth Fund
August 31, 2022 (Unaudited)
Description | Shares | Value ($) | |||||
Common Stocks - 96.4% | |||||||
Automobiles & Components - 2.5% | |||||||
Dana Inc. | 33,855 | 523,737 | |||||
Dorman Products Inc. | 11,537 | a | 1,045,829 | ||||
Fox Factory Holding Corp. | 41,634 | a | 3,880,705 | ||||
LCI Industries | 14,876 | 1,723,682 | |||||
Visteon Corp. | 11,359 | a | 1,361,149 | ||||
XPEL Inc. | 6,000 | a | 411,180 | ||||
8,946,282 | |||||||
Banks - 3.3% | |||||||
Axos Financial Inc. | 89,518 | a | 3,740,062 | ||||
BancFirst | 3,669 | 395,738 | |||||
Bank OZK | 22,752 | 922,139 | |||||
CVB Financial Corp. | 20,281 | 532,173 | |||||
Eastern Bankshares Inc. | 42,615 | 826,731 | |||||
Federal Agricultural Mortgage Corp., Cl. C | 5,759 | 629,113 | |||||
First Financial Bankshares Inc. | 18,561 | 789,028 | |||||
Heritage Commerce Corp. | 68,871 | 777,554 | |||||
National Bank Holdings Corp., Cl. A | 21,156 | 848,990 | |||||
Pacific Premier Bancorp Inc. | 26,026 | 852,612 | |||||
Texas Capital Bancshares Inc. | 18,624 | a | 1,099,375 | ||||
Wintrust Financial Corp. | 8,250 | 695,805 | |||||
12,109,320 | |||||||
Capital Goods - 11.1% | |||||||
AAON Inc. | 24,409 | 1,403,029 | |||||
AeroVironment Inc. | 11,819 | a | 1,047,754 | ||||
Alamo Group Inc. | 7,435 | 972,201 | |||||
Ameresco Inc., Cl. A | 7,666 | a,b | 527,804 | ||||
Arcosa Inc. | 11,618 | 679,072 | |||||
Armstrong World Industries Inc. | 16,362 | 1,374,244 | |||||
Array Technologies Inc. | 24,950 | a | 521,455 | ||||
Barnes Group Inc. | 14,702 | 456,497 | |||||
Chart Industries Inc. | 19,018 | a | 3,686,829 | ||||
Comfort Systems USA Inc. | 5,911 | 593,110 | |||||
Construction Partners Inc., Cl. A | 54,663 | a | 1,599,439 | ||||
Donaldson Co. | 16,105 | 826,992 | |||||
Dycom Industries Inc. | 14,299 | a | 1,603,204 | ||||
Energy Recovery Inc. | 10,932 | a | 250,780 | ||||
Enovix Corp. | 19,228 | a,b | 425,323 | ||||
ESCO Technologies Inc. | 19,398 | 1,579,579 | |||||
Evoqua Water Technologies Corp. | 39,026 | a | 1,369,032 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||
Common Stocks - 96.4% (continued) | |||||||
Capital Goods - 11.1% (continued) | |||||||
Fluence Energy Inc. | 24,510 | a,b | 488,975 | ||||
Fluor Corp. | 28,258 | a | 747,142 | ||||
Griffon Corp. | 17,858 | 559,848 | |||||
Hudson Technologies Inc. | 41,573 | a | 345,056 | ||||
Kornit Digital Ltd. | 16,822 | a,b | 522,828 | ||||
Kratos Defense & Security Solutions Inc. | 46,425 | a | 582,169 | ||||
Masonite International Corp. | 28,083 | a | 2,297,751 | ||||
MSC Industrial Direct Co., Cl. A | 3,955 | 313,276 | |||||
Mueller Industries Inc. | 8,062 | 509,277 | |||||
NOW Inc. | 42,864 | a | 519,512 | ||||
NV5 Global Inc. | 7,938 | a | 1,117,353 | ||||
PGT Innovations Inc. | 40,948 | a | 856,632 | ||||
RBC Bearings Inc. | 14,937 | a | 3,595,038 | ||||
Regal Rexnord Corp. | 4,514 | 621,081 | |||||
Rush Enterprises Inc., Cl. A | 22,210 | 1,045,203 | |||||
Simpson Manufacturing Co. | 4,869 | 451,064 | |||||
SiteOne Landscape Supply Inc. | 11,341 | a | 1,419,440 | ||||
Standex International Corp. | 1,961 | 177,294 | |||||
The AZEK Company | 42,712 | a | 779,494 | ||||
Trex Co. | 25,906 | a | 1,212,142 | ||||
UFP Industries Inc. | 7,804 | 619,560 | |||||
Valmont Industries Inc. | 1,966 | 544,228 | |||||
WillScot Mobile Mini Holdings Corp. | 43,226 | a | 1,735,092 | ||||
39,975,799 | |||||||
Commercial & Professional Services - 4.0% | |||||||
CACI International Inc., Cl. A | 4,493 | a | 1,261,949 | ||||
Casella Waste Systems Inc., Cl. A | 17,280 | a | 1,415,751 | ||||
CBIZ Inc. | 44,486 | a | 1,942,258 | ||||
Clean Harbors Inc. | 7,246 | a | 850,825 | ||||
Exponent Inc. | 30,713 | 2,882,722 | |||||
Franklin Covey Co. | 10,490 | a | 499,009 | ||||
FTI Consulting Inc. | 5,061 | a | 812,797 | ||||
Heritage-Crystal Clean Inc. | 1,941 | a | 63,218 | ||||
Huron Consulting Group Inc. | 9,249 | a | 618,758 | ||||
IAA Inc. | 26,672 | a | 993,799 | ||||
KBR Inc. | 7,211 | 348,291 | |||||
Montrose Environmental Group Inc. | 20,414 | a | 820,847 | ||||
Resources Connection Inc. | 22,819 | 445,883 | |||||
The Brink's Company | 18,204 | 1,006,317 | |||||
Willdan Group Inc. | 21,220 | a,b | 482,967 | ||||
14,445,391 | |||||||
Consumer Durables & Apparel - .9% | |||||||
Clarus Corp. | 20,767 | b | 315,035 | ||||
Oxford Industries Inc. | 4,918 | 524,898 |
Description | Shares | Value ($) | |||||
Common Stocks - 96.4% (continued) | |||||||
Consumer Durables & Apparel - .9% (continued) | |||||||
Skyline Champion Corp. | 19,192 | a | 1,087,611 | ||||
Taylor Morrison Home Corp. | 13,535 | a | 339,864 | ||||
Topgolf Callaway Brands Corp. | 36,095 | a | 798,782 | ||||
3,066,190 | |||||||
Consumer Services - 4.0% | |||||||
Boyd Gaming Corp. | 14,900 | 811,007 | |||||
Bright Horizons Family Solutions Inc. | 13,128 | a | 895,330 | ||||
Century Casinos Inc. | 63,112 | a | 465,135 | ||||
European Wax Center Inc., Cl. A | 37,491 | a | 810,930 | ||||
H&R Block Inc. | 13,241 | 595,845 | |||||
Hilton Grand Vacations Inc. | 25,225 | a | 1,028,675 | ||||
Jack in the Box Inc. | 8,504 | b | 679,129 | ||||
Kura Sushi USA Inc., Cl. A | 6,266 | a | 468,446 | ||||
Papa John's International Inc. | 4,039 | b | 326,472 | ||||
Strategic Education Inc. | 5,668 | 366,720 | |||||
Stride Inc. | 71,582 | a | 2,730,138 | ||||
Target Hospitality Corp. | 46,115 | a,b | 612,868 | ||||
Texas Roadhouse Inc. | 33,801 | 3,000,177 | |||||
Udemy Inc. | 27,919 | a | 414,876 | ||||
Vail Resorts Inc. | 4,716 | 1,059,591 | |||||
Wingstop Inc. | 2,065 | 235,121 | |||||
14,500,460 | |||||||
Diversified Financials - 1.4% | |||||||
Donnelley Financial Solutions Inc. | 58,780 | a | 2,495,211 | ||||
Encore Capital Group Inc. | 3,122 | a | 170,711 | ||||
Hercules Capital Inc. | 36,286 | b | 510,544 | ||||
PJT Partners Inc., Cl. A | 13,767 | 952,952 | |||||
PRA Group Inc. | 5,477 | a | 202,320 | ||||
StoneX Group Inc. | 6,246 | a | 579,879 | ||||
4,911,617 | |||||||
Energy - 3.4% | |||||||
Antero Resources Corp. | 9,731 | a | 390,018 | ||||
California Resources Corp. | 10,692 | 534,172 | |||||
Centrus Energy Corp., Cl. A | 9,528 | a,b | 474,590 | ||||
Chesapeake Energy Corp. | 15,841 | b | 1,591,862 | ||||
Earthstone Energy Inc., Cl. A | 56,393 | a | 857,174 | ||||
Enviva Inc. | 4,324 | b | 300,604 | ||||
Helmerich & Payne Inc. | 37,584 | 1,606,716 | |||||
HF Sinclair Corp. | 7,472 | 393,251 | |||||
International Seaways Inc. | 18,128 | b | 535,320 | ||||
Matador Resources Co. | 22,426 | 1,336,589 | |||||
New Fortress Energy Inc. | 8,518 | 488,507 | |||||
Nextier Oilfield Solutions Inc. | 16,652 | a | 156,029 | ||||
Northern Oil & Gas Inc. | 16,334 | 516,808 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||
Common Stocks - 96.4% (continued) | |||||||
Energy - 3.4% (continued) | |||||||
Range Resources Corp. | 14,109 | 463,622 | |||||
Ranger Oil Corp., Cl. A | 26,168 | 1,020,290 | |||||
Scorpio Tankers Inc. | 12,391 | b | 515,466 | ||||
TechnipFMC PLC | 65,393 | a | 534,915 | ||||
Teekay Tankers Ltd., Cl. A | 20,445 | a | 502,947 | ||||
12,218,880 | |||||||
Food & Staples Retailing - 1.3% | |||||||
BJ's Wholesale Club Holdings Inc. | 35,655 | a | 2,655,941 | ||||
Grocery Outlet Holding Corp. | 14,157 | a | 567,979 | ||||
Performance Food Group Co. | 25,141 | a | 1,256,547 | ||||
The Chefs' Warehouse Inc. | 10,952 | a | 365,140 | ||||
4,845,607 | |||||||
Food, Beverage & Tobacco - 2.9% | |||||||
Celsius Holdings Inc. | 11,119 | a | 1,150,705 | ||||
Freshpet Inc. | 31,350 | a | 1,364,665 | ||||
Hostess Brands Inc. | 23,615 | a | 547,396 | ||||
J&J Snack Foods Corp. | 9,563 | 1,425,174 | |||||
MGP Ingredients Inc. | 22,992 | 2,516,705 | |||||
Post Holdings Inc. | 6,827 | a | 605,965 | ||||
The Duckhorn Portfolio Inc. | 20,319 | a | 370,619 | ||||
The Hain Celestial Group Inc. | 25,123 | a | 508,992 | ||||
The Vita Coco Co. | 32,450 | a | 486,426 | ||||
TreeHouse Foods Inc. | 35,026 | a | 1,632,211 | ||||
10,608,858 | |||||||
Health Care Equipment & Services - 10.7% | |||||||
Acadia Healthcare Co. | 8,809 | a | 721,721 | ||||
AMN Healthcare Services Inc. | 13,692 | a | 1,405,347 | ||||
AtriCure Inc. | 17,567 | a | 801,407 | ||||
Axonics Inc. | 28,734 | a | 2,076,032 | ||||
BioLife Solutions Inc. | 34,678 | a,b | 818,748 | ||||
Certara Inc. | 65,383 | a | 1,024,552 | ||||
CryoPort Inc. | 81,117 | a | 2,649,281 | ||||
Cutera Inc. | 14,657 | a,b | 699,872 | ||||
Establishment Labs Holdings Inc. | 8,952 | a | 556,635 | ||||
Evolent Health Inc., Cl. A | 16,757 | a | 615,820 | ||||
Globus Medical Inc., Cl. A | 31,675 | a | 1,874,843 | ||||
Haemonetics Corp. | 9,623 | a | 722,014 | ||||
HealthEquity Inc. | 33,968 | a | 2,244,605 | ||||
HealthStream Inc. | 32,897 | a | 728,011 | ||||
Inari Medical Inc. | 15,187 | a | 1,053,218 | ||||
Inmode Ltd. | 31,469 | a | 1,005,120 | ||||
Inspire Medical Systems Inc. | 6,262 | a | 1,199,111 | ||||
Insulet Corp. | 1,083 | a | 276,674 | ||||
iRhythm Technologies Inc. | 3,010 | a | 443,825 |
Description | Shares | Value ($) | |||||
Common Stocks - 96.4% (continued) | |||||||
Health Care Equipment & Services - 10.7% (continued) | |||||||
Lantheus Holdings Inc. | 15,422 | a | 1,215,254 | ||||
LeMaitre Vascular Inc. | 20,028 | b | 988,983 | ||||
LHC Group Inc. | 6,645 | a | 1,072,968 | ||||
Masimo Corp. | 6,781 | a | 996,061 | ||||
Mesa Laboratories Inc. | 2,412 | 412,114 | |||||
Neogen Corp. | 36,482 | a,b | 762,474 | ||||
Omnicell Inc. | 30,803 | a | 3,150,839 | ||||
Option Care Health Inc. | 20,858 | a | 645,764 | ||||
PetIQ Inc. | 29,173 | a | 272,476 | ||||
Premier Inc., Cl. A | 53,036 | 1,868,989 | |||||
Privia Health Group Inc. | 15,815 | a | 629,279 | ||||
PROCEPT BioRobotics Corp. | 10,034 | a | 406,176 | ||||
Shockwave Medical Inc. | 5,510 | 1,635,698 | |||||
STAAR Surgical Co. | 23,863 | a | 2,257,201 | ||||
Tandem Diabetes Care Inc. | 12,261 | a | 560,818 | ||||
TransMedics Group Inc. | 18,868 | a | 981,702 | ||||
38,773,632 | |||||||
Household & Personal Products - 1.3% | |||||||
e.l.f. Beauty Inc. | 16,322 | a | 622,358 | ||||
Inter Parfums Inc. | 15,150 | 1,189,578 | |||||
Medifast Inc. | 14,150 | 1,775,542 | |||||
Veru Inc. | 28,730 | a | 439,569 | ||||
WD-40 Co. | 4,016 | b | 759,667 | ||||
4,786,714 | |||||||
Insurance - 2.1% | |||||||
Goosehead Insurance Inc., Cl. A | 13,627 | a | 708,604 | ||||
Kinsale Capital Group Inc. | 24,271 | 6,154,641 | |||||
Palomar Holdings Inc. | 9,216 | a | 730,736 | ||||
7,593,981 | |||||||
Materials - 3.4% | |||||||
Aspen Aerogels Inc. | 35,446 | a | 461,152 | ||||
ATI Inc. | 15,486 | a | 463,496 | ||||
Balchem Corp. | 16,063 | a | 2,117,425 | ||||
Cabot Corp. | 6,921 | 498,104 | |||||
Carpenter Technology Corp. | 25,907 | 880,061 | |||||
Element Solutions Inc. | 18,373 | 343,024 | |||||
Graphic Packaging Holding Co. | 17,867 | 397,898 | |||||
Ingevity Corp. | 22,151 | a | 1,553,671 | ||||
Kaiser Aluminum Corp. | 3,761 | 269,889 | |||||
Livent Corp. | 71,082 | a,b | 2,287,419 | ||||
LSB Industries Inc. | 14,432 | a | 227,737 | ||||
Materion Corp. | 13,732 | 1,185,209 | |||||
Methanex Corp. | 30,004 | 1,083,144 | |||||
MP Materials Corp. | 7,404 | a | 259,066 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||
Common Stocks - 96.4% (continued) | |||||||
Materials - 3.4% (continued) | |||||||
Reliance Steel & Aluminum Co. | 2,141 | 402,465 | |||||
12,429,760 | |||||||
Media & Entertainment - 2.8% | |||||||
Lions Gate Entertainment Corp., Cl. A | 63,128 | a | 621,811 | ||||
Nexstar Media Group Inc. | 2,710 | 518,477 | |||||
Scholastic Corp. | 10,914 | 501,062 | |||||
Shutterstock Inc. | 20,241 | 1,121,554 | |||||
TechTarget Inc. | 37,329 | a | 2,422,653 | ||||
World Wrestling Entertainment Inc., Cl. A | 42,148 | 2,866,485 | |||||
Ziff Davis Inc. | 29,113 | a | 2,249,853 | ||||
10,301,895 | |||||||
Pharmaceuticals Biotechnology & Life Sciences - 12.4% | |||||||
ACADIA Pharmaceuticals Inc. | 25,919 | a | 425,849 | ||||
Aerie Pharmaceuticals Inc. | 71,275 | a | 1,076,252 | ||||
Albireo Pharma Inc. | 15,727 | a,b | 275,223 | ||||
Altimmune Inc. | 21,489 | a | 467,274 | ||||
Amicus Therapeutics Inc. | 92,047 | a | 1,033,688 | ||||
Apellis Pharmaceuticals Inc. | 19,305 | a | 1,168,145 | ||||
Arcellx Inc. | 27,526 | a | 494,642 | ||||
Arcutis Biotherapeutics Inc. | 17,797 | a | 479,629 | ||||
argenx SE, ADR | 1,939 | a | 732,690 | ||||
Ascendis Pharma A/S, ADR | 9,240 | a,b | 827,627 | ||||
Avid Bioservices Inc. | 85,626 | a,b | 1,474,480 | ||||
Axsome Therapeutics Inc. | 10,714 | a | 683,553 | ||||
Azenta Inc. | 16,880 | a | 889,745 | ||||
Biohaven Pharmaceutical Holding Co. | 12,213 | a | 1,824,012 | ||||
Bio-Techne Corp. | 5,649 | 1,874,395 | |||||
Catalyst Pharmaceuticals Inc. | 31,214 | a | 422,638 | ||||
Chinook Therapeutics Inc. | 41,912 | a | 871,769 | ||||
CinCor Pharma Inc. | 12,578 | a | 424,759 | ||||
Cogent Biosciences Inc. | 40,139 | a | 661,892 | ||||
Collegium Pharmaceutical Inc. | 1,967 | a | 34,580 | ||||
Concert Pharmaceuticals Inc. | 112,929 | a | 743,073 | ||||
Corcept Therapeutics Inc. | 19,801 | a | 511,262 | ||||
CTI BioPharma Corp. | 68,795 | a | 432,033 | ||||
Cytokinetics Inc. | 27,449 | a | 1,453,699 | ||||
Day One Biopharmaceuticals Inc. | 15,470 | a | 363,390 | ||||
Dynavax Technologies Corp. | 29,688 | a | 340,521 | ||||
Emergent BioSolutions Inc. | 3,713 | a | 89,186 | ||||
Fate Therapeutics Inc. | 10,842 | a | 283,410 | ||||
Gossamer Bio Inc. | 46,783 | a | 652,623 | ||||
Halozyme Therapeutics Inc. | 75,955 | a,b | 3,093,647 | ||||
Insmed Inc. | 12,851 | a | 316,392 |
Description | Shares | Value ($) | |||||
Common Stocks - 96.4% (continued) | |||||||
Pharmaceuticals Biotechnology & Life Sciences - 12.4% (continued) | |||||||
Intra-Cellular Therapies Inc. | 17,783 | a | 893,774 | ||||
Ionis Pharmaceuticals Inc. | 10,255 | a | 436,043 | ||||
Iovance Biotherapeutics Inc. | 63,842 | a | 684,386 | ||||
IVERIC bio Inc. | 24,278 | a | 238,896 | ||||
Karuna Therapeutics Inc. | 4,935 | a | 1,258,721 | ||||
Karyopharm Therapeutics Inc. | 46,758 | a | 236,595 | ||||
Kiniksa Pharmaceuticals Ltd., CI. A | 32,667 | a | 382,857 | ||||
Krystal Biotech Inc. | 14,259 | a,b | 999,698 | ||||
LAVA Therapeutics NV | 13,373 | a | 34,703 | ||||
Legend Biotech Corp., ADR | 7,324 | a | 340,493 | ||||
Ligand Pharmaceuticals Inc. | 13,379 | a | 1,236,086 | ||||
Medpace Holdings Inc. | 12,254 | a | 1,808,813 | ||||
Mirum Pharmaceuticals Inc. | 17,706 | a | 442,296 | ||||
Neurocrine Biosciences Inc. | 13,772 | a | 1,440,964 | ||||
Optinose Inc. | 32,861 | a | 119,943 | ||||
Pacira Biosciences Inc. | 19,779 | a | 1,038,002 | ||||
Pliant Therapeutics Inc. | 20,852 | a | 402,027 | ||||
Prestige Consumer Healthcare Inc. | 45,910 | a | 2,322,128 | ||||
Prometheus Biosciences Inc. | 11,499 | a | 601,513 | ||||
PTC Therapeutics Inc. | 28,075 | a | 1,402,065 | ||||
Puma Biotechnology Inc. | 13,523 | a | 36,242 | ||||
Repligen Corp. | 2,234 | a | 490,073 | ||||
Revance Therapeutics Inc. | 37,997 | a,b | 756,140 | ||||
Rhythm Pharmaceuticals Inc. | 20,440 | a | 461,944 | ||||
Sarepta Therapeutics Inc. | 4,557 | a | 498,445 | ||||
SpringWorks Therapeutics Inc. | 6,922 | a | 192,224 | ||||
Supernus Pharmaceuticals Inc. | 27,370 | a | 936,875 | ||||
Twist Bioscience Corp. | 7,857 | a | 315,223 | ||||
United Therapeutics Corp. | 1,805 | a | 409,049 | ||||
44,838,296 | |||||||
Real Estate - .8% | |||||||
Farmland Partners Inc. | 25,348 | c | 367,799 | ||||
Retail Opportunity Investments Corp. | 56,313 | c | 943,243 | ||||
Tanger Factory Outlet Centers Inc. | 41,870 | c | 645,635 | ||||
Terreno Realty Corp. | 15,631 | c | 953,335 | ||||
2,910,012 | |||||||
Retailing - 3.0% | |||||||
American Eagle Outfitters Inc. | 22,631 | b | 254,825 | ||||
Asbury Automotive Group Inc. | 6,641 | a | 1,158,722 | ||||
AutoNation Inc. | 4,146 | a | 516,592 | ||||
Dick's Sporting Goods Inc. | 5,678 | b | 603,969 | ||||
Funko Inc., Cl. A | 9,159 | a | 203,971 | ||||
Leslie's Inc. | 99,737 | a | 1,414,270 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||
Common Stocks - 96.4% (continued) | |||||||
Retailing - 3.0% (continued) | |||||||
Murphy USA Inc. | 1,720 | 499,092 | |||||
Ollie's Bargain Outlet Holdings Inc. | 39,188 | a | 2,167,488 | ||||
Overstock.com Inc. | 39,842 | a | 1,039,876 | ||||
Penske Automotive Group Inc. | 4,654 | 548,753 | |||||
Pool Corp. | 2,661 | 902,585 | |||||
Signet Jewelers Ltd. | 14,265 | 932,503 | |||||
Sleep Number Corp. | 10,303 | a | 426,853 | ||||
10,669,499 | |||||||
Semiconductors & Semiconductor Equipment - 3.4% | |||||||
Aehr Test Systems | 32,654 | a | 474,789 | ||||
Axcelis Technologies Inc. | 7,263 | a | 486,185 | ||||
CEVA Inc. | 27,196 | a,b | 796,027 | ||||
Impinj Inc. | 5,863 | a | 523,449 | ||||
Lattice Semiconductor Corp. | 12,291 | a | 662,485 | ||||
Monolithic Power Systems Inc. | 1,867 | 846,087 | |||||
Onto Innovation Inc. | 45,215 | a | 3,209,813 | ||||
Photronics Inc. | 21,726 | a | 364,997 | ||||
Semtech Corp. | 48,843 | a | 2,256,058 | ||||
Silicon Motion Technology Corp., ADR | 6,439 | 496,511 | |||||
SiTime Corp. | 5,229 | a | 556,418 | ||||
SunPower Corp. | 20,614 | a,b | 494,736 | ||||
Synaptics Inc. | 8,295 | a | 958,985 | ||||
12,126,540 | |||||||
Software & Services - 13.5% | |||||||
ACI Worldwide Inc. | 90,106 | a | 2,135,512 | ||||
Agilysys Inc. | 31,192 | a | 1,614,810 | ||||
Alarm.com Holdings Inc. | 28,629 | a | 1,906,691 | ||||
Amdocs Ltd. | 5,945 | 508,119 | |||||
Bill.com Holdings Inc. | 8,121 | a | 1,314,627 | ||||
Blackbaud Inc. | 15,995 | a | 836,538 | ||||
BlackLine Inc. | 18,930 | a,b | 1,286,104 | ||||
Cerence Inc. | 7,955 | a,b | 159,180 | ||||
Consensus Cloud Solutions Inc. | 8,949 | a | 450,582 | ||||
Digital Turbine Inc. | 84,476 | a,b | 1,560,272 | ||||
DigitalOcean Holdings Inc. | 23,116 | a,b | 972,953 | ||||
DoubleVerify Holdings Inc. | 30,930 | a | 799,540 | ||||
Elastic NV | 9,952 | a | 835,072 | ||||
Envestnet Inc. | 24,094 | a | 1,261,803 | ||||
Euronet Worldwide Inc. | 25,811 | a | 2,288,403 | ||||
Evo Payments Inc., Cl. A | 43,467 | a | 1,448,320 | ||||
ExlService Holdings Inc. | 22,711 | a | 3,808,862 | ||||
Fair Isaac Corp. | 5,870 | a | 2,637,978 | ||||
Five9 Inc. | 9,023 | a | 885,247 | ||||
Gitlab Inc., Cl. A | 8,922 | a | 534,160 |
Description | Shares | Value ($) | |||||
Common Stocks - 96.4% (continued) | |||||||
Software & Services - 13.5% (continued) | |||||||
I3 Verticals Inc., Cl. A | 41,374 | a | 966,497 | ||||
International Money Express Inc. | 30,023 | a | 672,515 | ||||
MAXIMUS Inc. | 15,630 | 947,022 | |||||
Paycor HCM Inc. | 31,216 | a | 924,930 | ||||
Perficient Inc. | 26,690 | a | 2,084,489 | ||||
Q2 Holdings Inc. | 17,322 | a | 688,030 | ||||
Qualys Inc. | 10,971 | a | 1,666,494 | ||||
Rackspace Technology Inc. | 117,274 | a,b | 523,042 | ||||
SolarWinds Corp. | 8,742 | a | 79,290 | ||||
Sprout Social Inc., Cl. A | 25,828 | a | 1,550,713 | ||||
SPS Commerce Inc. | 7,215 | a | 881,096 | ||||
Squarespace Inc., Cl. A | 2,478 | a | 52,038 | ||||
The Descartes Systems Group Inc. | 54,705 | a | 3,851,232 | ||||
Tyler Technologies Inc. | 2,152 | a | 799,490 | ||||
Verra Mobility Corp. | 65,573 | a | 1,045,234 | ||||
Wix.com Ltd. | 6,520 | a | 412,651 | ||||
WNS Holdings Ltd., ADR | 40,567 | a | 3,417,770 | ||||
Workiva Inc. | 14,060 | a | 954,533 | ||||
48,761,839 | |||||||
Technology Hardware & Equipment - 4.9% | |||||||
ADTRAN Holdings Inc. | 24,520 | 569,845 | |||||
Arlo Technologies Inc. | 74,130 | a | 451,452 | ||||
Belden Inc. | 22,695 | 1,486,069 | |||||
Calix Inc. | 35,103 | a | 2,065,812 | ||||
Cambium Networks Corp. | 31,780 | a,b | 618,439 | ||||
Clearfield Inc. | 14,571 | a,b | 1,691,839 | ||||
CTS Corp. | 12,974 | 549,060 | |||||
Digi International Inc. | 23,198 | a | 768,086 | ||||
ePlus Inc. | 34,448 | a | 1,623,190 | ||||
Extreme Networks Inc. | 40,653 | a | 582,557 | ||||
Fabrinet | 5,705 | a | 586,702 | ||||
Harmonic Inc. | 49,809 | a | 560,849 | ||||
Ituran Location & Control Ltd. | 6,413 | 159,427 | |||||
Napco Security Technologies Inc. | 16,304 | a | 483,577 | ||||
Novanta Inc. | 14,600 | a,b | 1,951,874 | ||||
PAR Technology Corp. | 23,457 | a,b | 825,686 | ||||
Radware Ltd. | 46,148 | a | 990,336 | ||||
Sanmina Corp. | 12,562 | a | 609,508 | ||||
Super Micro Computer Inc. | 11,818 | a | 769,115 | ||||
TTM Technologies Inc. | 32,566 | a | 512,263 | ||||
17,855,686 | |||||||
Telecommunication Services - .3% | |||||||
Iridium Communications Inc. | 26,341 | a | 1,169,277 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||
Common Stocks - 96.4% (continued) | |||||||
Transportation - 2.4% | |||||||
Air Transport Services Group Inc. | 53,449 | a | 1,610,418 | ||||
Allegiant Travel Co. | 8,193 | a | 790,624 | ||||
GXO Logistics Inc. | 7,495 | a | 332,628 | ||||
Marten Transport Ltd. | 144,153 | 2,855,670 | |||||
Saia Inc. | 4,692 | a | 970,446 | ||||
TFI International Inc. | 11,551 | 1,152,674 | |||||
XPO Logistics Inc. | 20,562 | a | 1,077,860 | ||||
8,790,320 | |||||||
Utilities - .6% | |||||||
California Water Service Group | 14,588 | 853,836 | |||||
Clearway Energy Inc., Cl. C | 15,727 | 583,472 | |||||
Portland General Electric Co. | 16,081 | 830,905 | |||||
2,268,213 | |||||||
Total Common Stocks (cost $279,495,035) | 348,904,068 | ||||||
1-Day | |||||||
Investment Companies - 3.5% | |||||||
Registered Investment Companies - 3.5% | |||||||
Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares | 2.34 | 12,498,314 | d | 12,498,314 | |||
Investment of Cash Collateral for Securities Loaned - .8% | |||||||
Registered Investment Companies - .8% | |||||||
Dreyfus Institutional Preferred Government Plus Money Market Fund, SL Shares | 2.34 | 2,780,041 | d | 2,780,041 | |||
Total Investments (cost $294,773,390) | 100.7% | 364,182,423 | |||||
Liabilities, Less Cash and Receivables | (.7%) | (2,371,838) | |||||
Net Assets | 100.0% | 361,810,585 |
ADR—American Depository Receipt
a Non-income producing security.
b Security, or portion thereof, on loan. At August 31, 2022, the value of the fund’s securities on loan was $22,318,760 and the value of the collateral was $22,816,396, consisting of cash collateral of $2,780,041 and U.S. Government & Agency securities valued at $20,036,355. In addition, the value of collateral may include pending sales that are also on loan.
c Investment in real estate investment trust within the United States.
d Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company’s prospectus.
STATEMENT OF INVESTMENTS
BNY Mellon Select Managers Small Cap Growth Fund
August 31, 2022 (Unaudited)
The following is a summary of the inputs used as of August 31, 2022 in valuing the fund’s investments:
Level 1-Unadjusted Quoted Prices | Level 2- Other Significant Observable Inputs | Level 3-Significant Unobservable Inputs | Total | |||
Assets ($) | ||||||
Investments in Securities:† | ||||||
Equity Securities - Common Stocks | 348,904,068 | - | - | 348,904,068 | ||
Investment Companies | 15,278,355 | - | - | 15,278,355 |
† 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 August 31, 2022, accumulated net unrealized appreciation on investments was $69,409,033, consisting of $91,355,099 gross unrealized appreciation and $21,946,066 gross unrealized depreciation.
At August 31, 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.