STATEMENT OF INVESTMENTS
BNY Mellon Select Managers Small Cap Growth Fund
February 28, 2023 (Unaudited)
Description | Shares | Value ($) | |||||
Common Stocks - 94.9% | |||||||
Automobiles & Components - 2.8% | |||||||
Dorman Products, Inc. | 8,745 | a | 813,547 | ||||
Fox Factory Holding Corp. | 25,453 | a | 2,990,727 | ||||
LCI Industries | 10,228 | b | 1,153,821 | ||||
Modine Manufacturing Co. | 14,025 | a | 342,350 | ||||
Visteon Corp. | 8,848 | a | 1,477,969 | ||||
6,778,414 | |||||||
Banks - 3.0% | |||||||
Axos Financial, Inc. | 60,393 | a | 2,862,025 | ||||
Bank OZK | 15,687 | b | 722,073 | ||||
Eastern Bankshares, Inc. | 28,203 | 442,223 | |||||
Federal Agricultural Mortgage Corp., Cl. C | 3,968 | 562,900 | |||||
Heritage Commerce Corp. | 45,518 | 551,223 | |||||
MGIC Investment Corp. | 16,955 | 233,301 | |||||
Pacific Premier Bancorp, Inc. | 17,348 | 562,422 | |||||
Texas Capital Bancshares, Inc. | 9,540 | a | 631,834 | ||||
Wintrust Financial Corp. | 7,643 | 704,150 | |||||
7,272,151 | |||||||
Capital Goods - 13.6% | |||||||
AAON, Inc. | 20,077 | 1,826,204 | |||||
AeroVironment, Inc. | 7,763 | a | 665,600 | ||||
Alamo Group, Inc. | 6,278 | 1,145,045 | |||||
Albany International Corp., Cl. A | 7,098 | 716,330 | |||||
Applied Industrial Technologies, Inc. | 8,933 | 1,276,169 | |||||
Armstrong World Industries, Inc. | 11,229 | 885,407 | |||||
Atkore, Inc. | 3,132 | a | 457,335 | ||||
Barnes Group, Inc. | 9,800 | 412,972 | |||||
Chart Industries, Inc. | 5,832 | a,b | 778,572 | ||||
Comfort Systems USA, Inc. | 2,921 | 424,830 | |||||
Construction Partners Inc., Cl. A | 40,497 | a | 1,095,444 | ||||
Crane Holdings Co. | 2,550 | 305,439 | |||||
Donaldson Co., Inc. | 10,735 | 678,989 | |||||
EMCOR Group, Inc. | 2,866 | 479,253 | |||||
Energy Recovery, Inc. | 6,995 | a | 154,380 | ||||
EnPro Industries, Inc. | 4,556 | 489,770 | |||||
Esab Corp. | 9,619 | 564,154 | |||||
ESCO Technologies, Inc. | 12,930 | 1,204,947 | |||||
Evoqua Water Technologies Corp. | 26,013 | a | 1,263,191 | ||||
Federal Signal Corp. | 6,677 | 352,345 | |||||
Fluence Energy, Inc. | 10,709 | a | 199,937 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||
Common Stocks - 94.9% (continued) | |||||||
Capital Goods - 13.6% (continued) | |||||||
Fluor Corp. | 28,384 | a,b | 1,040,841 | ||||
Griffon Corp. | 7,367 | 268,674 | |||||
H&E Equipment Services, Inc. | 11,104 | 616,272 | |||||
Hayward Holdings Inc. | 47,664 | a,b | 586,744 | ||||
Hudson Technologies, Inc. | 19,356 | a | 196,076 | ||||
Kornit Digital Ltd. | 9,003 | a | 184,562 | ||||
Kratos Defense & Security Solutions, Inc. | 30,729 | a | 388,722 | ||||
Masonite International Corp. | 19,271 | a | 1,711,265 | ||||
MasTec, Inc. | 2,333 | a | 227,981 | ||||
McGrath RentCorp | 2,207 | 226,968 | |||||
MSC Industrial Direct Co., Inc., Cl. A | 2,724 | 230,232 | |||||
NOW, Inc. | 23,878 | a | 306,832 | ||||
nVent Electric PLC | 6,758 | 309,787 | |||||
PGT Innovations, Inc. | 26,577 | a | 562,104 | ||||
RBC Bearings, Inc. | 9,192 | a,b | 2,112,414 | ||||
Regal Rexnord Corp. | 1,823 | 287,378 | |||||
Rush Enterprises Inc., Cl. A | 11,958 | 677,779 | |||||
SiteOne Landscape Supply, Inc. | 7,559 | a,b | 1,121,302 | ||||
SPX Technologies, Inc. | 3,287 | a | 231,536 | ||||
Standex International Corp. | 1,537 | 177,800 | |||||
Sterling Infrastructure, Inc. | 8,726 | a | 335,602 | ||||
Symbotic, Inc. | 21,457 | a | 350,822 | ||||
Terex Corp. | 11,327 | 670,671 | |||||
The AZEK Company, Inc. | 23,581 | a | 568,066 | ||||
The Timken Company | 3,436 | 293,606 | |||||
Thermon Group Holdings, Inc. | 9,529 | a | 252,042 | ||||
Titan Machinery, Inc. | 5,930 | a | 271,535 | ||||
Trex Co., Inc. | 20,414 | a | 1,043,768 | ||||
Valmont Industries, Inc. | 618 | 196,110 | |||||
Wabash National Corp. | 10,464 | 286,714 | |||||
WESCO International, Inc. | 1,783 | a | 295,229 | ||||
WillScot Mobile Mini Holdings Corp. | 28,452 | a | 1,462,433 | ||||
32,868,180 | |||||||
Commercial & Professional Services - 4.7% | |||||||
CACI International, Inc., Cl. A | 2,870 | a | 840,910 | ||||
Casella Waste Systems Inc., Cl. A | 12,269 | a | 954,774 | ||||
CBIZ, Inc. | 25,238 | a | 1,264,172 | ||||
Clean Harbors, Inc. | 3,598 | a | 475,188 | ||||
Exponent, Inc. | 20,472 | 2,106,569 | |||||
Fiverr International Ltd. | 9,582 | a | 379,543 | ||||
Franklin Covey Co. | 10,597 | a | 496,681 | ||||
Heritage-Crystal Clean, Inc. | 15,672 | a | 563,878 | ||||
Huron Consulting Group, Inc. | 2,825 | a | 198,287 | ||||
IAA, Inc. | 18,312 | a | 749,144 |
Description | Shares | Value ($) | |||||
Common Stocks - 94.9% (continued) | |||||||
Commercial & Professional Services - 4.7% (continued) | |||||||
ICF International, Inc. | 4,446 | 442,333 | |||||
Montrose Environmental Group, Inc. | 13,542 | a | 659,360 | ||||
MSA Safety, Inc. | 4,163 | 559,299 | |||||
NV5 Global, Inc. | 6,683 | a | 703,185 | ||||
The Brink's Company | 11,973 | 781,238 | |||||
Willdan Group Inc. | 14,418 | a | 260,389 | ||||
11,434,950 | |||||||
Consumer Durables & Apparel - 1.1% | |||||||
Crocs, Inc. | 3,774 | a | 459,334 | ||||
Deckers Outdoor Corp. | 769 | a | 320,173 | ||||
Peloton Interactive, Inc., Cl. A | 15,755 | a | 203,555 | ||||
Skyline Champion Corp. | 8,972 | a | 613,775 | ||||
Taylor Morrison Home Corp. | 12,874 | a | 461,275 | ||||
Topgolf Callaway Brands Corp. | 30,074 | a,b | 697,115 | ||||
2,755,227 | |||||||
Consumer Services - 3.8% | |||||||
Boyd Gaming Corp. | 12,119 | 789,310 | |||||
Bright Horizons Family Solutions, Inc. | 8,750 | a | 689,850 | ||||
Century Casinos Inc. | 43,528 | a | 403,069 | ||||
Hilton Grand Vacations, Inc. | 16,623 | a | 793,582 | ||||
Strategic Education, Inc. | 1,388 | b | 118,327 | ||||
Stride, Inc. | 45,014 | a | 1,911,745 | ||||
Sweetgreen, Inc., Cl. A | 13,572 | a | 118,348 | ||||
Target Hospitality Corp. | 13,421 | a | 199,033 | ||||
Texas Roadhouse, Inc. | 21,894 | 2,223,117 | |||||
Vail Resorts Inc. | 3,246 | 757,909 | |||||
Wingstop, Inc. | 3,101 | 528,255 | |||||
Wynn Resorts Ltd. | 3,022 | a,b | 327,494 | ||||
Xponential Fitness Inc., Cl. A | 9,225 | a | 234,223 | ||||
9,094,262 | |||||||
Diversified Financials - 1.8% | |||||||
Donnelley Financial Solutions, Inc. | 41,137 | a | 1,740,506 | ||||
Enova International, Inc. | 4,763 | a | 232,196 | ||||
Evercore, Inc., Cl. A | 1,289 | 169,091 | |||||
FirstCash Holdings, Inc. | 4,923 | 434,455 | |||||
Hercules Capital, Inc. | 24,007 | b | 378,110 | ||||
Moelis & Co., Cl. A | 7,594 | 325,251 | |||||
NerdWallet, Inc., Cl. A | 13,383 | a | 276,225 | ||||
PJT Partners, Inc., Cl. A | 5,420 | 427,530 | |||||
Voya Financial, Inc. | 3,844 | b | 286,340 | ||||
4,269,704 | |||||||
Energy - 3.5% | |||||||
Archrock, Inc. | 23,715 | 262,525 | |||||
Borr Drilling Ltd. | 41,153 | a | 297,536 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||
Common Stocks - 94.9% (continued) | |||||||
Energy - 3.5% (continued) | |||||||
Cactus Inc., Cl. A | 13,213 | 607,137 | |||||
ChampionX Corp. | 19,196 | 586,822 | |||||
Earthstone Energy Inc., Cl. A | 38,300 | a | 534,285 | ||||
Helix Energy Solutions Group, Inc. | 44,297 | a | 366,779 | ||||
Helmerich & Payne, Inc. | 18,322 | 770,990 | |||||
Matador Resources Co. | 8,089 | 435,107 | |||||
Noble Corp. PLC | 28,062 | a | 1,169,905 | ||||
Nordic American Tankers Ltd. | 60,278 | 267,032 | |||||
Oceaneering International, Inc. | 14,962 | a | 312,556 | ||||
Par Pacific Holdings, Inc. | 12,647 | a | 351,334 | ||||
Permian Resources Corp. | 19,686 | 212,806 | |||||
Ranger Oil Corp., Cl. A | 17,577 | 729,445 | |||||
TechnipFMC PLC | 60,765 | a | 929,097 | ||||
Tidewater, Inc. | 5,551 | a | 271,111 | ||||
Weatherford International PLC | 4,401 | a | 293,195 | ||||
8,397,662 | |||||||
Food & Staples Retailing - .6% | |||||||
BJ's Wholesale Club Holdings, Inc. | 11,608 | a | 833,455 | ||||
Performance Food Group Co. | 10,358 | a | 586,159 | ||||
1,419,614 | |||||||
Food, Beverage & Tobacco - 1.7% | |||||||
Celsius Holdings, Inc. | 7,054 | a | 640,504 | ||||
Freshpet, Inc. | 24,907 | a,b | 1,548,717 | ||||
J&J Snack Foods Corp. | 7,599 | 1,073,055 | |||||
MGP Ingredients, Inc. | 7,774 | 788,595 | |||||
4,050,871 | |||||||
Health Care Equipment & Services - 7.9% | |||||||
Addus HomeCare Corp. | 7,087 | a | 769,932 | ||||
AMN Healthcare Services, Inc. | 4,618 | a | 415,666 | ||||
AtriCure, Inc. | 11,733 | a | 451,720 | ||||
Axonics, Inc. | 13,354 | a | 802,442 | ||||
Certara, Inc. | 49,956 | a | 905,203 | ||||
Doximity, Inc., Cl. A | 32,914 | a,b | 1,106,898 | ||||
Establishment Labs Holdings, Inc. | 6,060 | a,b | 434,260 | ||||
Globus Medical, Inc., Cl. A | 21,113 | a | 1,231,732 | ||||
HealthEquity, Inc. | 22,577 | a | 1,471,343 | ||||
Hims & Hers Health, Inc. | 27,542 | a | 310,398 | ||||
Inari Medical, Inc. | 3,524 | a | 198,260 | ||||
Inmode Ltd. | 20,419 | a | 720,995 | ||||
Inspire Medical Systems, Inc. | 6,090 | a | 1,582,974 | ||||
Insulet Corp. | 964 | a | 266,411 | ||||
Lantheus Holdings, Inc. | 6,637 | a | 490,873 | ||||
LeMaitre Vascular, Inc. | 13,350 | 668,968 | |||||
Masimo Corp. | 4,520 | a | 756,241 |
Description | Shares | Value ($) | |||||
Common Stocks - 94.9% (continued) | |||||||
Health Care Equipment & Services - 7.9% (continued) | |||||||
Mesa Laboratories, Inc. | 2,909 | b | 513,497 | ||||
Neogen Corp. | 45,332 | a | 801,923 | ||||
Omnicell, Inc. | 14,643 | a | 797,165 | ||||
Penumbra, Inc. | 965 | a | 250,890 | ||||
Phreesia, Inc. | 8,560 | a | 315,008 | ||||
Premier, Inc., Cl. A | 36,588 | 1,177,768 | |||||
Silk Road Medical, Inc. | 4,367 | a | 231,407 | ||||
STAAR Surgical Co. | 14,019 | a | 776,512 | ||||
The Ensign Group, Inc. | 8,538 | 763,980 | |||||
TransMedics Group, Inc. | 8,633 | a | 691,245 | ||||
UFP Technologies, Inc. | 2,705 | a | 318,433 | ||||
19,222,144 | |||||||
Household & Personal Products - 1.3% | |||||||
Coty, Inc., Cl. A | 29,685 | a | 335,440 | ||||
e.l.f. Beauty, Inc. | 4,002 | a | 299,149 | ||||
Inter Parfums, Inc. | 12,731 | 1,532,940 | |||||
Medifast, Inc. | 5,598 | 627,704 | |||||
WD-40 Co. | 2,677 | 464,272 | |||||
3,259,505 | |||||||
Insurance - 2.7% | |||||||
Assured Guaranty Ltd. | 3,227 | 201,397 | |||||
BRP Group, Inc., Cl. A | 20,709 | a,b | 595,177 | ||||
Kemper Corp. | 3,657 | 225,271 | |||||
Kinsale Capital Group, Inc. | 12,139 | 3,868,698 | |||||
Palomar Holdings, Inc. | 17,120 | a | 1,027,200 | ||||
RenaissanceRe Holdings Ltd. | 1,590 | 341,691 | |||||
RLI Corp. | 1,661 | 229,069 | |||||
6,488,503 | |||||||
Materials - 3.4% | |||||||
Aspen Aerogels, Inc. | 30,007 | a | 325,576 | ||||
ATI, Inc. | 9,430 | a | 383,329 | ||||
Balchem Corp. | 11,093 | 1,442,090 | |||||
Carpenter Technology Corp. | 22,721 | 1,098,106 | |||||
Commercial Metals Co. | 5,131 | 265,529 | |||||
Ingevity Corp. | 19,947 | a | 1,646,824 | ||||
Livent Corp. | 56,013 | a,b | 1,313,504 | ||||
Materion Corp. | 2,843 | 317,506 | |||||
Methanex Corp. | 15,083 | b | 760,636 | ||||
O-I Glass, Inc. | 16,288 | a | 361,919 | ||||
Silgan Holdings, Inc. | 5,607 | 299,414 | |||||
8,214,433 | |||||||
Media & Entertainment - 2.5% | |||||||
Bumble Inc., CI. A | 11,596 | a | 280,391 | ||||
Cars.com, Inc. | 13,333 | a | 255,994 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||
Common Stocks - 94.9% (continued) | |||||||
Media & Entertainment - 2.5% (continued) | |||||||
Shutterstock, Inc. | 17,751 | 1,335,231 | |||||
TechTarget, Inc. | 16,366 | a | 617,490 | ||||
World Wrestling Entertainment, Inc., Cl. A | 23,307 | 1,957,788 | |||||
Ziff Davis, Inc. | 19,949 | a | 1,575,572 | ||||
6,022,466 | |||||||
Pharmaceuticals Biotechnology & Life Sciences - 11.7% | |||||||
ACADIA Pharmaceuticals, Inc. | 37,137 | a | 768,365 | ||||
ADMA Biologics, Inc. | 66,484 | a | 236,018 | ||||
Akero Therapeutics, Inc. | 6,289 | a | 286,212 | ||||
Amicus Therapeutics, Inc. | 26,622 | a | 351,144 | ||||
Amphastar Pharmaceuticals, Inc. | 11,794 | a | 375,757 | ||||
Amylyx Pharmaceuticals, Inc. | 5,874 | a,b | 204,533 | ||||
Apellis Pharmaceuticals, Inc. | 3,001 | a | 196,505 | ||||
Arcellx, Inc. | 12,040 | a | 337,240 | ||||
argenx SE, ADR | 1,236 | a | 452,401 | ||||
Ascendis Pharma A/S, ADR | 7,482 | a,b | 831,175 | ||||
Avid Bioservices, Inc. | 46,278 | a,b | 761,736 | ||||
Axsome Therapeutics, Inc. | 3,192 | a,b | 217,662 | ||||
Azenta, Inc. | 11,251 | a | 493,806 | ||||
BioLife Solutions, Inc. | 23,115 | a,b | 537,655 | ||||
Bio-Techne Corp. | 15,062 | 1,094,104 | |||||
Celldex Therapeutics, Inc. | 4,820 | a | 206,248 | ||||
Chinook Therapeutics, Inc. | 20,338 | a | 443,775 | ||||
Collegium Pharmaceutical, Inc. | 9,666 | a | 256,439 | ||||
Corcept Therapeutics, Inc. | 24,950 | a | 519,708 | ||||
CryoPort, Inc. | 41,202 | a | 892,436 | ||||
Cytokinetics, Inc. | 7,301 | a,b | 316,571 | ||||
Day One Biopharmaceuticals, Inc. | 10,246 | a,b | 188,731 | ||||
Halozyme Therapeutics, Inc. | 38,685 | a | 1,856,494 | ||||
Harrow Health, Inc. | 14,076 | a | 252,242 | ||||
Insmed, Inc. | 8,850 | a | 180,363 | ||||
Iovance Biotherapeutics, Inc. | 59,896 | a | 436,642 | ||||
IVERIC bio, Inc. | 9,619 | a,b | 199,883 | ||||
Karuna Therapeutics, Inc. | 2,649 | a | 528,263 | ||||
Kiniksa Pharmaceuticals Ltd., CI. A | 22,457 | a | 288,797 | ||||
Krystal Biotech, Inc. | 8,092 | a,b | 662,815 | ||||
Legend Biotech Corp., ADR | 4,686 | a,b | 216,399 | ||||
Ligand Pharmaceuticals, Inc. | 9,958 | a | 718,370 | ||||
Madrigal Pharmaceuticals, Inc. | 1,910 | a | 517,629 | ||||
MannKind Corp. | 47,930 | a | 253,070 | ||||
Medpace Holdings, Inc. | 11,876 | a | 2,302,519 | ||||
Neurocrine Biosciences, Inc. | 6,154 | a | 634,477 | ||||
OmniAb, Inc. | 4,894 | a,c | 0 |
Description | Shares | Value ($) | |||||
Common Stocks - 94.9% (continued) | |||||||
Pharmaceuticals Biotechnology & Life Sciences - 11.7% (continued) | |||||||
OmniAb, Inc. | 92,644 | a | 386,325 | ||||
OmniAb, Inc. | 4,894 | a,c | 0 | ||||
Optinose, Inc. | 23,003 | a | 41,405 | ||||
Pacira Biosciences, Inc. | 19,844 | a | 844,759 | ||||
Pliant Therapeutics, Inc. | 7,132 | a | 227,226 | ||||
Prestige Consumer Healthcare, Inc. | 28,461 | a | 1,714,775 | ||||
Prometheus Biosciences, Inc. | 7,436 | a | 910,092 | ||||
Prothena Corp. PLC | 4,363 | a | 243,281 | ||||
Provention Bio, Inc. | 23,661 | a | 196,386 | ||||
PTC Therapeutics, Inc. | 11,751 | a | 513,166 | ||||
Puma Biotechnology, Inc. | 9,263 | a | 35,755 | ||||
Revance Therapeutics, Inc. | 34,372 | a | 1,192,708 | ||||
Rhythm Pharmaceuticals Inc. | 7,261 | a | 176,515 | ||||
Supernus Pharmaceuticals, Inc. | 22,076 | a | 829,837 | ||||
TG Therapeutics, Inc. | 14,360 | a | 230,047 | ||||
Twist Bioscience Corp. | 21,607 | a | 420,472 | ||||
Vaxcyte, Inc. | 10,523 | a | 431,127 | ||||
Ventyx Biosciences, Inc. | 6,121 | a | 264,733 | ||||
Verona Pharma PLC, ADR | 2,705 | a,b | 57,995 | ||||
Viking Therapeutics, Inc. | 23,874 | a | 262,853 | ||||
Viridian Therapeutics, Inc. | 8,152 | a | 267,060 | ||||
Xenon Pharmaceuticals, Inc. | 1,634 | a | 64,478 | ||||
28,327,179 | |||||||
Real Estate - .5% | |||||||
Retail Opportunity Investments Corp. | 37,274 | d | 530,409 | ||||
Terreno Realty Corp. | 10,298 | d | 640,639 | ||||
1,171,048 | |||||||
Retailing - 3.1% | |||||||
Academy Sports & Outdoors, Inc. | 8,837 | 522,709 | |||||
American Eagle Outfitters, Inc. | 39,543 | a | 568,233 | ||||
Arhaus, Inc. | 17,894 | a,b | 259,642 | ||||
Asbury Automotive Group, Inc. | 1,236 | a | 280,696 | ||||
AutoNation, Inc. | 1,911 | a | 260,871 | ||||
Boot Barn Holdings, Inc. | 6,280 | a | 486,386 | ||||
Dick's Sporting Goods, Inc. | 3,171 | 407,886 | |||||
Dillard's Inc., Cl. A | 655 | b | 233,449 | ||||
Foot Locker, Inc. | 6,832 | b | 298,695 | ||||
Leslie's, Inc. | 15,515 | a | 195,644 | ||||
Ollie's Bargain Outlet Holdings, Inc. | 21,599 | a | 1,242,807 | ||||
Overstock.com, Inc. | 29,973 | a | 580,577 | ||||
Pool Corp. | 1,836 | 655,195 | |||||
RH | 862 | a,b | 257,764 | ||||
Signet Jewelers Ltd. | 4,232 | b | 303,096 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||
Common Stocks - 94.9% (continued) | |||||||
Retailing - 3.1% (continued) | |||||||
Sleep Number Corp. | 7,139 | a | 284,561 | ||||
The Buckle, Inc. | 4,829 | 196,975 | |||||
Urban Outfitters, Inc. | 16,286 | a | 438,907 | ||||
7,474,093 | |||||||
Semiconductors & Semiconductor Equipment - 3.7% | |||||||
Aehr Test Systems | 6,928 | a | 231,049 | ||||
Allegro MicroSystems, Inc. | 20,240 | a | 884,083 | ||||
Amkor Technology, Inc. | 7,872 | 202,783 | |||||
Axcelis Technologies, Inc. | 3,305 | a | 424,825 | ||||
CEVA, Inc. | 18,586 | a | 586,574 | ||||
Cirrus Logic, Inc. | 2,925 | a | 300,544 | ||||
Impinj Inc. | 5,665 | a | 751,292 | ||||
indie Semiconductor, Inc. | 25,522 | a | 266,960 | ||||
Lattice Semiconductor Corp. | 13,059 | a | 1,109,493 | ||||
Monolithic Power Systems, Inc. | 1,522 | 737,089 | |||||
Onto Innovation, Inc. | 23,747 | a | 1,958,415 | ||||
Rambus, Inc. | 7,164 | a | 316,864 | ||||
Semtech Corp. | 33,282 | a | 1,025,418 | ||||
Silicon Motion Technology Corp., ADR | 4,426 | 297,516 | |||||
9,092,905 | |||||||
Software & Services - 14.4% | |||||||
ACI Worldwide, Inc. | 69,422 | a | 1,794,559 | ||||
Agilysys, Inc. | 11,470 | a | 916,567 | ||||
Alarm.com Holdings, Inc. | 19,083 | a | 969,989 | ||||
Altair Engineering, Inc., Cl. A | 5,334 | a | 341,696 | ||||
Blackbaud, Inc. | 13,338 | a | 742,793 | ||||
BlackLine, Inc. | 12,618 | a | 862,566 | ||||
Box Inc., Cl. A | 22,244 | a | 741,837 | ||||
Consensus Cloud Solutions, Inc. | 6,161 | a,b | 252,847 | ||||
CyberArk Software Ltd. | 572 | a | 82,808 | ||||
Digital Turbine, Inc. | 68,974 | a,b | 740,781 | ||||
DoubleVerify Holdings, Inc. | 41,468 | a,b | 1,089,364 | ||||
Elastic NV | 4,586 | a | 270,666 | ||||
Envestnet, Inc. | 16,060 | a | 1,003,911 | ||||
Euronet Worldwide, Inc. | 18,795 | a | 2,045,836 | ||||
Evo Payments Inc., Cl. A | 9,379 | a | 317,479 | ||||
ExlService Holdings, Inc. | 12,493 | a | 2,055,223 | ||||
Fair Isaac Corp. | 3,913 | a | 2,650,627 | ||||
Fastly, Inc., CI. A | 15,216 | a | 211,350 | ||||
Five9, Inc. | 12,831 | a | 846,846 | ||||
I3 Verticals Inc., Cl. A | 27,578 | a,b | 678,695 | ||||
Intapp, Inc. | 9,550 | a | 377,989 | ||||
MAXIMUS, Inc. | 10,749 | 882,278 | |||||
nCino, Inc. | 22,637 | a,b | 616,858 |
Description | Shares | Value ($) | |||||
Common Stocks - 94.9% (continued) | |||||||
Software & Services - 14.4% (continued) | |||||||
New Relic, Inc. | 3,633 | a | 265,100 | ||||
Nutanix, Inc., Cl. A | 22,636 | a | 639,467 | ||||
Paycor HCM, Inc. | 20,658 | a | 511,699 | ||||
Perficient, Inc. | 19,055 | a | 1,349,094 | ||||
PowerSchool Holdings Inc., Cl. A | 10,973 | a | 251,830 | ||||
Q2 Holdings Inc. | 11,546 | a | 372,705 | ||||
Qualys, Inc. | 4,584 | a | 541,600 | ||||
Remitly Global, Inc | 20,585 | a | 301,159 | ||||
Shift4 Payments, Inc., Cl. A | 4,571 | a | 294,830 | ||||
Smartsheet, Inc., Cl. A | 12,066 | a | 531,145 | ||||
SolarWinds Corp. | 6,023 | a | 51,316 | ||||
Sprout Social, Inc., Cl. A | 23,212 | a | 1,415,468 | ||||
SPS Commerce, Inc. | 6,771 | a | 1,019,983 | ||||
The Descartes Systems Group, Inc. | 36,173 | a,b | 2,665,226 | ||||
Tyler Technologies, Inc. | 1,435 | a | 460,994 | ||||
Wix.com Ltd. | 6,414 | a | 580,659 | ||||
WNS Holdings Ltd., ADR | 26,446 | a | 2,298,686 | ||||
Workiva, Inc. | 9,176 | a | 818,499 | ||||
34,863,025 | |||||||
Technology Hardware & Equipment - 4.0% | |||||||
Arlo Technologies, Inc. | 109,570 | a | 416,366 | ||||
Badger Meter, Inc. | 3,097 | 376,657 | |||||
Belden, Inc. | 13,314 | 1,123,435 | |||||
Calix, Inc. | 18,920 | a | 967,758 | ||||
Cambium Networks Corp. | 22,175 | a | 445,052 | ||||
Clearfield, Inc. | 9,399 | a | 589,224 | ||||
ePlus, Inc. | 22,962 | a | 1,243,852 | ||||
Extreme Networks, Inc. | 11,274 | a | 211,049 | ||||
Insight Enterprises, Inc. | 2,568 | a | 343,907 | ||||
Ituran Location & Control Ltd. | 4,410 | 98,519 | |||||
Napco Security Technologies, Inc. | 27,012 | a | 853,579 | ||||
Novanta, Inc. | 9,731 | a | 1,526,891 | ||||
Plexus Corp. | 3,062 | a | 293,615 | ||||
Radware, Ltd. | 31,627 | a | 658,790 | ||||
Sanmina Corp. | 3,529 | a | 213,363 | ||||
Super Micro Computer, Inc. | 3,183 | a | 311,839 | ||||
9,673,896 | |||||||
Telecommunication Services - .5% | |||||||
Iridium Communications, Inc. | 18,061 | 1,108,404 | |||||
Transportation - 2.2% | |||||||
Allegiant Travel Co. | 5,461 | a | 560,026 | ||||
ArcBest Corp. | 1,760 | 169,312 | |||||
Copa Holdings SA, Cl. A | 2,055 | a | 189,779 | ||||
GXO Logistics, Inc. | 5,141 | a | 254,839 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Shares | Value ($) | |||||
Common Stocks - 94.9% (continued) | |||||||
Transportation - 2.2% (continued) | |||||||
Marten Transport Ltd. | 76,984 | 1,699,037 | |||||
RXO, Inc. | 14,029 | a,b | 288,577 | ||||
Saia, Inc. | 3,080 | a | 834,280 | ||||
TFI International, Inc. | 7,367 | b | 899,069 | ||||
XPO, Inc. | 14,117 | a | 470,943 | ||||
5,365,862 | |||||||
Utilities - .4% | |||||||
California Water Service Group | 9,656 | 552,709 | |||||
Portland General Electric Co. | 10,606 | b | 506,967 | ||||
1,059,676 | |||||||
Total Common Stocks (cost $169,264,297) | 229,684,174 | ||||||
Exchange-Traded Funds - .1% | |||||||
Registered Investment Companies - .1% | |||||||
iShares Russell 2000 Growth ETF | 1,626 | b | 378,956 | ||||
1-Day | |||||||
Investment Companies - 5.2% | |||||||
Registered Investment Companies - 5.2% | |||||||
Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares | 4.65 | 12,497,197 | e | 12,497,197 | |||
Investment of Cash Collateral for Securities Loaned - 1.4% | |||||||
Registered Investment Companies - 1.4% | |||||||
Dreyfus Institutional Preferred Government Plus Money Market Fund, SL Shares | 4.65 | 3,293,684 | e | 3,293,684 | |||
Total Investments (cost $185,452,466) | 101.6% | 245,854,011 | |||||
Liabilities, Less Cash and Receivables | (1.6%) | (3,759,072) | |||||
Net Assets | 100.0% | 242,094,939 |
ADR—American Depository Receipt
ETF—Exchange-Traded Fund
a Non-income producing security.
b Security, or portion thereof, on loan. At February 28, 2023, the value of the fund’s securities on loan was $17,702,510 and the value of the collateral was $18,642,856, consisting of cash collateral of $3,293,684 and U.S. Government & Agency securities valued at $15,349,172. In addition, the value of collateral may include pending sales that are also on loan.
c The fund held Level 3 securities at February 28, 2023. These securities were valued at $0 or .0% of net assets.
d Investment in real estate investment trust within the United States.
e Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company’s prospectus.
STATEMENT OF INVESTMENTS
BNY Mellon Select Managers Small Cap Growth Fund
February 28, 2023 (Unaudited)
The following is a summary of the inputs used as of February 28, 2023 in valuing the fund’s investments:
Level 1-Unadjusted Quoted Prices | Level 2- Other Significant Observable Inputs | Level 3-Significant Unobservable Inputs | Total | |||
Assets ($) | ||||||
Investments in Securities:† | ||||||
Equity Securities - Common Stocks | 229,684,174 | - | 0 | 229,684,174 | ||
Exchange-Traded Funds | 378,956 | - | - | 378,956 | ||
Investment Companies | 15,790,881 | - | - | 15,790,881 |
† 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:
The Company’s Board of Directors (the “Board”) has designated the Adviser as the fund’s valuation designee to make all fair value determinations with respect to the fund’s portfolio investments, subject to the Board’s oversight and pursuant to Rule 2a-5 under the Act.
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, 2023, accumulated net unrealized appreciation on investments was $60,401,545, consisting of $69,939,667 gross unrealized appreciation and $9,538,122 gross unrealized depreciation.
At February 28, 2023, 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.