STATEMENT OF INVESTMENTS
BNY Mellon Stock Index Fund, Inc.
September 30, 2022 (Unaudited)
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Description | | | | Shares | | Value ($) | |
Common Stocks - 99.7% | | | | | |
Automobiles & Components - 2.7% | | | | | |
Aptiv PLC | | | | 21,779 | a | 1,703,336 | |
BorgWarner Inc. | | | | 18,564 | | 582,910 | |
Ford Motor Co. | | | | 313,099 | | 3,506,709 | |
General Motors Co. | | | | 115,392 | | 3,702,929 | |
Tesla Inc. | | | | 213,650 | a | 56,670,662 | |
| | | | 66,166,546 | |
Banks - 3.7% | | | | | |
Bank of America Corp. | | | | 562,480 | | 16,986,896 | |
Citigroup Inc. | | | | 156,603 | | 6,525,647 | |
Citizens Financial Group Inc. | | | | 39,459 | | 1,355,811 | |
Comerica Inc. | | | | 10,425 | | 741,218 | |
Fifth Third Bancorp | | | | 55,089 | | 1,760,644 | |
First Republic Bank | | | | 14,179 | | 1,851,068 | |
Huntington Bancshares Inc. | | | | 118,030 | | 1,555,635 | |
JPMorgan Chase & Co. | | | | 234,909 | | 24,547,990 | |
KeyCorp | | | | 75,990 | | 1,217,360 | |
M&T Bank Corp. | | | | 14,116 | | 2,488,933 | |
Regions Financial Corp. | | | | 74,933 | | 1,503,905 | |
Signature Bank | | | | 4,710 | | 711,210 | |
SVB Financial Group | | | | 4,723 | a | 1,585,889 | |
The PNC Financial Services Group Inc. | | | | 33,113 | | 4,947,744 | |
Truist Financial Corp. | | | | 104,929 | | 4,568,609 | |
U.S. Bancorp | | | | 107,073 | | 4,317,183 | |
Wells Fargo & Co. | | | | 302,680 | | 12,173,790 | |
Zions Bancorp NA | | | | 12,083 | | 614,541 | |
| | | | 89,454,073 | |
Capital Goods - 5.3% | | | | | |
3M Co. | | | | 43,997 | | 4,861,668 | |
A.O. Smith Corp. | | | | 10,282 | | 499,500 | |
Allegion PLC | | | | 7,290 | | 653,767 | |
AMETEK Inc. | | | | 18,565 | | 2,105,457 | |
Carrier Global Corp. | | | | 67,157 | | 2,388,103 | |
Caterpillar Inc. | | | | 42,460 | | 6,966,837 | |
Cummins Inc. | | | | 11,230 | | 2,285,417 | |
Deere & Co. | | | | 22,447 | | 7,494,829 | |
Dover Corp. | | | | 11,392 | | 1,328,079 | |
Eaton Corp. | | | | 31,542 | | 4,206,441 | |
Emerson Electric Co. | | | | 47,127 | | 3,450,639 | |
Fastenal Co. | | | | 46,163 | | 2,125,345 | |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
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Description | | | | Shares | | Value ($) | |
Common Stocks - 99.7% (continued) | | | | | |
Capital Goods - 5.3% (continued) | | | | | |
Fortive Corp. | | | | 28,116 | | 1,639,163 | |
Fortune Brands Home & Security Inc. | | | | 10,778 | | 578,671 | |
Generac Holdings Inc. | | | | 5,026 | a | 895,332 | |
General Dynamics Corp. | | | | 18,214 | | 3,864,464 | |
General Electric Co. | | | | 87,280 | | 5,403,505 | |
Honeywell International Inc. | | | | 54,028 | | 9,021,055 | |
Howmet Aerospace Inc. | | | | 30,024 | | 928,642 | |
Huntington Ingalls Industries Inc. | | | | 3,023 | | 669,595 | |
IDEX Corp. | | | | 5,733 | | 1,145,740 | |
Illinois Tool Works Inc. | | | | 22,701 | | 4,100,936 | |
Ingersoll Rand Inc. | | | | 32,289 | | 1,396,822 | |
Johnson Controls International PLC | | | | 56,152 | | 2,763,801 | |
L3Harris Technologies Inc. | | | | 15,599 | | 3,241,940 | |
Lockheed Martin Corp. | | | | 18,894 | | 7,298,563 | |
Masco Corp. | | | | 19,393 | | 905,459 | |
Nordson Corp. | | | | 4,312 | | 915,308 | |
Northrop Grumman Corp. | | | | 11,643 | | 5,475,936 | |
Otis Worldwide Corp. | | | | 34,161 | | 2,179,472 | |
PACCAR Inc. | | | | 27,872 | | 2,332,608 | |
Parker-Hannifin Corp. | | | | 10,388 | | 2,517,116 | |
Pentair PLC | | | | 12,887 | | 523,599 | |
Quanta Services Inc. | | | | 11,598 | | 1,477,469 | |
Raytheon Technologies Corp. | | | | 118,933 | | 9,735,855 | |
Rockwell Automation Inc. | | | | 9,326 | | 2,006,116 | |
Snap-on Inc. | | | | 4,241 | | 853,925 | |
Stanley Black & Decker Inc. | | | | 11,615 | | 873,564 | |
Textron Inc. | | | | 17,341 | | 1,010,287 | |
The Boeing Company | | | | 44,727 | a | 5,415,545 | |
Trane Technologies PLC | | | | 18,187 | | 2,633,659 | |
TransDigm Group Inc. | | | | 4,207 | | 2,207,918 | |
United Rentals Inc. | | | | 5,765 | a | 1,557,242 | |
W.W. Grainger Inc. | | | | 3,611 | | 1,766,465 | |
Westinghouse Air Brake Technologies Corp. | | | | 14,575 | | 1,185,676 | |
Xylem Inc. | | | | 14,933 | | 1,304,547 | |
| | | | 128,192,077 | |
Commercial & Professional Services - .9% | | | | | |
Cintas Corp. | | | | 7,042 | | 2,733,634 | |
Copart Inc. | | | | 16,784 | a | 1,785,818 | |
CoStar Group Inc. | | | | 31,291 | a | 2,179,418 | |
Equifax Inc. | | | | 9,786 | | 1,677,614 | |
Jacobs Solutions Inc. | | | | 10,755 | | 1,166,810 | |
Leidos Holdings Inc. | | | | 10,845 | | 948,612 | |
Nielsen Holdings PLC | | | | 27,117 | | 751,683 | |
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Description | | | | Shares | | Value ($) | |
Common Stocks - 99.7% (continued) | | | | | |
Commercial & Professional Services - .9% (continued) | | | | | |
Republic Services Inc. | | | | 16,275 | | 2,214,051 | |
Robert Half International Inc. | | | | 9,117 | | 697,451 | |
Rollins Inc. | | | | 17,773 | | 616,368 | |
Verisk Analytics Inc. | | | | 12,715 | | 2,168,289 | |
Waste Management Inc. | | | | 30,592 | | 4,901,144 | |
| | | | 21,840,892 | |
Consumer Durables & Apparel - .7% | | | | | |
D.R. Horton Inc. | | | | 26,174 | | 1,762,819 | |
Garmin Ltd. | | | | 12,052 | | 967,896 | |
Hasbro Inc. | | | | 10,469 | | 705,820 | |
Lennar Corp., Cl. A | | | | 19,374 | | 1,444,332 | |
Mohawk Industries Inc. | | | | 4,226 | a | 385,369 | |
Newell Brands Inc. | | | | 29,134 | | 404,671 | |
NIKE Inc., Cl. B | | | | 101,572 | | 8,442,665 | |
NVR Inc. | | | | 254 | a | 1,012,718 | |
PulteGroup Inc. | | | | 20,245 | | 759,188 | |
Ralph Lauren Corp. | | | | 4,228 | | 359,084 | |
Tapestry Inc. | | | | 21,671 | | 616,107 | |
VF Corp. | | | | 25,911 | | 774,998 | |
Whirlpool Corp. | | | | 4,903 | | 660,973 | |
| | | | 18,296,640 | |
Consumer Services - 1.9% | | | | | |
Booking Holdings Inc. | | | | 3,188 | a | 5,238,553 | |
Caesars Entertainment Inc. | | | | 17,488 | a | 564,163 | |
Carnival Corp. | | | | 82,569 | a | 580,460 | |
Chipotle Mexican Grill Inc. | | | | 2,263 | a | 3,400,746 | |
Darden Restaurants Inc. | | | | 10,283 | | 1,298,949 | |
Domino's Pizza Inc. | | | | 2,901 | | 899,890 | |
Expedia Group Inc. | | | | 11,984 | a | 1,122,781 | |
Hilton Worldwide Holdings Inc. | | | | 22,428 | | 2,705,265 | |
Las Vegas Sands Corp. | | | | 26,587 | a | 997,544 | |
Marriott International Inc., Cl. A | | | | 21,926 | | 3,072,710 | |
McDonald's Corp. | | | | 58,794 | | 13,566,128 | |
MGM Resorts International | | | | 26,244 | | 779,972 | |
Norwegian Cruise Line Holdings Ltd. | | | | 29,372 | a,b | 333,666 | |
Royal Caribbean Cruises Ltd. | | | | 17,751 | a,b | 672,763 | |
Starbucks Corp. | | | | 91,666 | | 7,723,777 | |
Wynn Resorts Ltd. | | | | 8,257 | a,b | 520,439 | |
Yum! Brands Inc. | | | | 23,048 | | 2,450,924 | |
| | | | 45,928,730 | |
Diversified Financials - 5.1% | | | | | |
American Express Co. | | | | 48,281 | | 6,513,590 | |
Ameriprise Financial Inc. | | | | 8,929 | | 2,249,662 | |
Berkshire Hathaway Inc., Cl. B | | | | 144,620 | a | 38,616,432 | |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
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Description | | | | Shares | | Value ($) | |
Common Stocks - 99.7% (continued) | | | | | |
Diversified Financials - 5.1% (continued) | | | | | |
BlackRock Inc. | | | | 12,109 | | 6,663,341 | |
Capital One Financial Corp. | | | | 30,374 | | 2,799,572 | |
Cboe Global Markets Inc. | | | | 8,317 | | 976,166 | |
CME Group Inc. | | | | 28,511 | | 5,050,153 | |
Discover Financial Services | | | | 22,403 | | 2,036,881 | |
FactSet Research Systems Inc. | | | | 3,029 | | 1,211,933 | |
Franklin Resources Inc. | | | | 23,704 | | 510,110 | |
Intercontinental Exchange Inc. | | | | 44,658 | | 4,034,850 | |
Invesco Ltd. | | | | 35,556 | | 487,117 | |
MarketAxess Holdings Inc. | | | | 2,971 | | 661,018 | |
Moody's Corp. | | | | 12,637 | | 3,072,181 | |
Morgan Stanley | | | | 107,715 | | 8,510,562 | |
MSCI Inc. | | | | 6,473 | | 2,730,247 | |
Nasdaq Inc. | | | | 27,680 | | 1,568,902 | |
Northern Trust Corp. | | | | 16,506 | | 1,412,253 | |
Raymond James Financial Inc. | | | | 15,739 | | 1,555,328 | |
S&P Global Inc. | | | | 27,478 | | 8,390,407 | |
State Street Corp. | | | | 29,396 | | 1,787,571 | |
Synchrony Financial | | | | 39,328 | | 1,108,656 | |
T. Rowe Price Group Inc. | | | | 17,762 | | 1,865,188 | |
The Bank of New York Mellon Corp. | | | | 59,556 | | 2,294,097 | |
The Charles Schwab Corp. | | | | 122,593 | | 8,810,759 | |
The Goldman Sachs Group Inc. | | | | 27,211 | | 7,974,184 | |
| | | | 122,891,160 | |
Energy - 4.6% | | | | | |
APA Corp. | | | | 27,113 | | 926,993 | |
Baker Hughes Co. | | | | 81,966 | | 1,718,007 | |
Chevron Corp. | | | | 144,514 | | 20,762,326 | |
ConocoPhillips | | | | 101,952 | | 10,433,768 | |
Coterra Energy Inc. | | | | 64,618 | | 1,687,822 | |
Devon Energy Corp. | | | | 52,202 | | 3,138,906 | |
Diamondback Energy Inc. | | | | 14,083 | | 1,696,438 | |
EOG Resources Inc. | | | | 47,027 | | 5,254,327 | |
EQT Corp. | | | | 26,577 | | 1,083,013 | |
Exxon Mobil Corp. | | | | 334,091 | | 29,169,485 | |
Halliburton Co. | | | | 70,594 | | 1,738,024 | |
Hess Corp. | | | | 22,160 | | 2,415,218 | |
Kinder Morgan Inc. | | | | 156,530 | | 2,604,659 | |
Marathon Oil Corp. | | | | 56,889 | | 1,284,554 | |
Marathon Petroleum Corp. | | | | 39,632 | | 3,936,647 | |
Occidental Petroleum Corp. | | | | 59,779 | b | 3,673,420 | |
ONEOK Inc. | | | | 35,420 | | 1,814,921 | |
Phillips 66 | | | | 38,252 | | 3,087,701 | |
Pioneer Natural Resources Co. | | | | 19,044 | | 4,123,597 | |
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Description | | | | Shares | | Value ($) | |
Common Stocks - 99.7% (continued) | | | | | |
Energy - 4.6% (continued) | | | | | |
Schlumberger NV | | | | 112,565 | | 4,041,084 | |
The Williams Companies | | | | 97,591 | | 2,794,030 | |
Valero Energy Corp. | | | | 32,220 | | 3,442,707 | |
| | | | 110,827,647 | |
Food & Staples Retailing - 1.6% | | | | | |
Costco Wholesale Corp. | | | | 35,492 | | 16,761,807 | |
Sysco Corp. | | | | 41,172 | | 2,911,272 | |
The Kroger Company | | | | 52,262 | | 2,286,463 | |
Walgreens Boots Alliance Inc. | | | | 57,746 | | 1,813,224 | |
Walmart Inc. | | | | 113,765 | | 14,755,320 | |
| | | | 38,528,086 | |
Food, Beverage & Tobacco - 3.7% | | | | | |
Altria Group Inc. | | | | 145,226 | | 5,864,226 | |
Archer-Daniels-Midland Co. | | | | 44,945 | | 3,615,825 | |
Brown-Forman Corp., Cl. B | | | | 14,327 | | 953,748 | |
Campbell Soup Co. | | | | 15,491 | | 729,936 | |
Conagra Brands Inc. | | | | 37,367 | | 1,219,285 | |
Constellation Brands Inc., Cl. A | | | | 13,057 | | 2,998,932 | |
General Mills Inc. | | | | 48,735 | | 3,733,588 | |
Hormel Foods Corp. | | | | 22,048 | | 1,001,861 | |
Kellogg Co. | | | | 21,103 | | 1,470,035 | |
Keurig Dr. Pepper Inc. | | | | 66,439 | | 2,379,845 | |
Lamb Weston Holdings Inc. | | | | 11,241 | | 869,829 | |
McCormick & Co. | | | | 19,667 | | 1,401,667 | |
Molson Coors Beverage Co., Cl. B | | | | 16,469 | | 790,347 | |
Mondelez International Inc., Cl. A | | | | 110,890 | | 6,080,099 | |
Monster Beverage Corp. | | | | 30,748 | a | 2,673,846 | |
PepsiCo Inc. | | | | 110,386 | | 18,021,618 | |
Philip Morris International Inc. | | | | 124,005 | | 10,293,655 | |
The Coca-Cola Company | | | | 311,770 | | 17,465,355 | |
The Hershey Company | | | | 11,572 | | 2,551,279 | |
The J.M. Smucker Company | | | | 9,002 | | 1,236,965 | |
The Kraft Heinz Company | | | | 63,255 | | 2,109,554 | |
Tyson Foods Inc., Cl. A | | | | 23,437 | | 1,545,201 | |
| | | | 89,006,696 | |
Health Care Equipment & Services - 6.3% | | | | | |
Abbott Laboratories | | | | 140,564 | | 13,600,973 | |
ABIOMED Inc. | | | | 3,536 | a | 868,654 | |
Align Technology Inc. | | | | 5,758 | a | 1,192,539 | |
AmerisourceBergen Corp. | | | | 12,396 | | 1,677,551 | |
Baxter International Inc. | | | | 40,223 | | 2,166,411 | |
Becton Dickinson & Co. | | | | 22,755 | | 5,070,497 | |
Boston Scientific Corp. | | | | 114,490 | a | 4,434,198 | |
Cardinal Health Inc. | | | | 22,408 | | 1,494,165 | |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
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Description | | | | Shares | | Value ($) | |
Common Stocks - 99.7% (continued) | | | | | |
Health Care Equipment & Services - 6.3% (continued) | | | | | |
Centene Corp. | | | | 45,931 | a | 3,573,891 | |
Cigna Corp. | | | | 24,541 | | 6,809,391 | |
CVS Health Corp. | | | | 104,926 | | 10,006,793 | |
DaVita Inc. | | | | 4,579 | a | 379,004 | |
Dentsply Sirona Inc. | | | | 17,927 | | 508,230 | |
DexCom Inc. | | | | 31,175 | a | 2,510,835 | |
Edwards Lifesciences Corp. | | | | 49,465 | a | 4,087,293 | |
Elevance Health Inc. | | | | 19,270 | | 8,753,205 | |
HCA Healthcare Inc. | | | | 17,252 | | 3,170,745 | |
Henry Schein Inc. | | | | 11,438 | a | 752,277 | |
Hologic Inc. | | | | 19,950 | a | 1,287,174 | |
Humana Inc. | | | | 10,137 | | 4,918,371 | |
IDEXX Laboratories Inc. | | | | 6,688 | a | 2,178,950 | |
Intuitive Surgical Inc. | | | | 28,371 | a | 5,317,860 | |
Laboratory Corp. of America Holdings | | | | 7,166 | | 1,467,668 | |
McKesson Corp. | | | | 11,665 | | 3,964,584 | |
Medtronic PLC | | | | 106,984 | | 8,638,958 | |
Molina Healthcare Inc. | | | | 4,654 | a | 1,535,075 | |
Quest Diagnostics Inc. | | | | 9,613 | | 1,179,419 | |
ResMed Inc. | | | | 11,693 | | 2,552,582 | |
Steris PLC | | | | 7,922 | | 1,317,270 | |
Stryker Corp. | | | | 27,140 | | 5,496,936 | |
Teleflex Inc. | | | | 3,733 | | 752,050 | |
The Cooper Companies | | | | 4,058 | | 1,070,906 | |
UnitedHealth Group Inc. | | | | 74,890 | | 37,822,446 | |
Universal Health Services Inc., Cl. B | | | | 5,847 | | 515,588 | |
Zimmer Biomet Holdings Inc. | | | | 16,633 | | 1,738,980 | |
| | | | 152,811,469 | |
Household & Personal Products - 1.6% | | | | | |
Church & Dwight Co. | | | | 18,960 | | 1,354,502 | |
Colgate-Palmolive Co. | | | | 66,807 | | 4,693,192 | |
Kimberly-Clark Corp. | | | | 27,059 | | 3,045,220 | |
The Clorox Company | | | | 9,690 | | 1,244,099 | |
The Estee Lauder Companies Inc., Cl. A | | | | 18,740 | | 4,045,966 | |
The Procter & Gamble Company | | | | 191,702 | | 24,202,377 | |
| | | | 38,585,356 | |
Insurance - 2.2% | | | | | |
Aflac Inc. | | | | 46,408 | | 2,608,130 | |
American International Group Inc. | | | | 60,198 | | 2,858,201 | |
Aon PLC, Cl. A | | | | 17,118 | | 4,585,399 | |
Arthur J. Gallagher & Co. | | | | 17,273 | | 2,957,483 | |
Assurant Inc. | | | | 4,521 | | 656,766 | |
Brown & Brown Inc. | | | | 18,212 | | 1,101,462 | |
Chubb Ltd. | | | | 33,373 | | 6,069,881 | |
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Description | | | | Shares | | Value ($) | |
Common Stocks - 99.7% (continued) | | | | | |
Insurance - 2.2% (continued) | | | | | |
Cincinnati Financial Corp. | | | | 12,600 | | 1,128,582 | |
Everest Re Group Ltd. | | | | 3,082 | | 808,840 | |
Globe Life Inc. | | | | 7,155 | | 713,354 | |
Lincoln National Corp. | | | | 12,612 | | 553,793 | |
Loews Corp. | | | | 15,607 | | 777,853 | |
Marsh & McLennan Cos. | | | | 40,133 | | 5,991,456 | |
MetLife Inc. | | | | 54,018 | | 3,283,214 | |
Principal Financial Group Inc. | | | | 18,415 | | 1,328,642 | |
Prudential Financial Inc. | | | | 30,047 | | 2,577,432 | |
The Allstate Corp. | | | | 21,532 | | 2,681,380 | |
The Hartford Financial Services Group Inc. | | | | 25,833 | | 1,600,096 | |
The Progressive Corp. | | | | 46,791 | | 5,437,582 | |
The Travelers Companies | | | | 19,445 | | 2,978,974 | |
W.R. Berkley Corp. | | | | 16,693 | | 1,078,034 | |
Willis Towers Watson PLC | | | | 8,936 | | 1,795,600 | |
| | | | 53,572,154 | |
Materials - 2.5% | | | | | |
Air Products & Chemicals Inc. | | | | 17,509 | | 4,074,870 | |
Albemarle Corp. | | | | 9,296 | | 2,458,234 | |
Amcor PLC | | | | 119,541 | | 1,282,675 | |
Avery Dennison Corp. | | | | 6,526 | | 1,061,780 | |
Ball Corp. | | | | 26,045 | | 1,258,494 | |
Celanese Corp. | | | | 7,818 | | 706,278 | |
CF Industries Holdings Inc. | | | | 15,903 | | 1,530,664 | |
Corteva Inc. | | | | 56,918 | | 3,252,864 | |
Dow Inc. | | | | 56,696 | | 2,490,655 | |
DuPont de Nemours Inc. | | | | 40,915 | | 2,062,116 | |
Eastman Chemical Co. | | | | 10,280 | | 730,394 | |
Ecolab Inc. | | | | 19,860 | | 2,868,181 | |
FMC Corp. | | | | 10,043 | | 1,061,545 | |
Freeport-McMoRan Inc. | | | | 115,908 | | 3,167,766 | |
International Flavors & Fragrances Inc. | | | | 20,005 | | 1,817,054 | |
International Paper Co. | | | | 27,990 | | 887,283 | |
Linde PLC | | | | 39,952 | | 10,770,660 | |
LyondellBasell Industries NV, Cl. A | | | | 19,924 | | 1,499,879 | |
Martin Marietta Materials Inc. | | | | 4,946 | | 1,593,057 | |
Newmont Corp. | | | | 64,345 | | 2,704,420 | |
Nucor Corp. | | | | 20,849 | | 2,230,635 | |
Packaging Corp. of America | | | | 7,570 | | 850,035 | |
PPG Industries Inc. | | | | 19,077 | | 2,111,633 | |
Sealed Air Corp. | | | | 12,499 | | 556,330 | |
The Mosaic Company | | | | 28,714 | | 1,387,748 | |
The Sherwin-Williams Company | | | | 19,174 | | 3,925,877 | |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
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Description | | | | Shares | | Value ($) | |
Common Stocks - 99.7% (continued) | | | | | |
Materials - 2.5% (continued) | | | | | |
Vulcan Materials Co. | | | | 10,285 | | 1,622,047 | |
WestRock Co. | | | | 20,824 | | 643,253 | |
| | | | 60,606,427 | |
Media & Entertainment - 6.9% | | | | | |
Activision Blizzard Inc. | | | | 57,039 | | 4,240,279 | |
Alphabet Inc., Cl. A | | | | 480,436 | a | 45,953,703 | |
Alphabet Inc., Cl. C | | | | 430,120 | a | 41,356,038 | |
Charter Communications Inc., Cl. A | | | | 8,970 | a | 2,721,050 | |
Comcast Corp., Cl. A | | | | 353,727 | | 10,374,813 | |
DISH Network Corp., Cl. A | | | | 20,137 | a | 278,495 | |
Electronic Arts Inc. | | | | 21,141 | | 2,446,225 | |
Fox Corp., Cl. A | | | | 24,578 | | 754,053 | |
Fox Corp., Cl. B | | | | 10,742 | | 306,147 | |
Live Nation Entertainment Inc. | | | | 10,616 | a | 807,241 | |
Match Group Inc. | | | | 22,439 | a | 1,071,462 | |
Meta Platforms Inc., Cl. A | | | | 183,366 | a | 24,879,099 | |
Netflix Inc. | | | | 35,826 | a | 8,434,873 | |
News Corp., Cl. A | | | | 29,994 | | 453,209 | |
News Corporation, Cl. B | | | | 9,486 | | 146,274 | |
Omnicom Group Inc. | | | | 17,561 | | 1,107,923 | |
Paramount Global, Cl. B | | | | 40,445 | | 770,073 | |
Take-Two Interactive Software Inc. | | | | 12,858 | a | 1,401,522 | |
The Interpublic Group of Companies | | | | 30,746 | | 787,098 | |
The Walt Disney Company | | | | 145,872 | a | 13,760,106 | |
Twitter Inc. | | | | 54,052 | a | 2,369,640 | |
Warner Bros Discovery Inc. | | | | 177,630 | a | 2,042,745 | |
| | | | 166,462,068 | |
Pharmaceuticals Biotechnology & Life Sciences - 8.7% | | | | | |
AbbVie Inc. | | | | 141,416 | | 18,979,441 | |
Agilent Technologies Inc. | | | | 23,781 | | 2,890,581 | |
Amgen Inc. | | | | 42,988 | | 9,689,495 | |
Biogen Inc. | | | | 11,575 | a | 3,090,525 | |
Bio-Rad Laboratories Inc., Cl. A | | | | 1,685 | a | 702,881 | |
Bio-Techne Corp. | | | | 2,971 | | 843,764 | |
Bristol-Myers Squibb Co. | | | | 171,128 | | 12,165,490 | |
Catalent Inc. | | | | 14,504 | a | 1,049,509 | |
Charles River Laboratories International Inc. | | | | 3,972 | a | 781,690 | |
Danaher Corp. | | | | 52,581 | | 13,581,146 | |
Eli Lilly & Co. | | | | 63,163 | | 20,423,756 | |
Gilead Sciences Inc. | | | | 99,703 | | 6,150,678 | |
Illumina Inc. | | | | 12,538 | a | 2,392,125 | |
Incyte Corp. | | | | 14,583 | a | 971,811 | |
IQVIA Holdings Inc. | | | | 15,061 | a | 2,728,150 | |
| | | | | | | |
|
Description | | | | Shares | | Value ($) | |
Common Stocks - 99.7% (continued) | | | | | |
Pharmaceuticals Biotechnology & Life Sciences - 8.7% (continued) | | | | | |
Johnson & Johnson | | | | 210,648 | | 34,411,457 | |
Merck & Co. | | | | 203,379 | | 17,514,999 | |
Mettler-Toledo International Inc. | | | | 1,797 | a | 1,948,164 | |
Moderna Inc. | | | | 27,003 | a | 3,193,105 | |
Organon & Co. | | | | 21,939 | | 513,373 | |
PerkinElmer Inc. | | | | 10,247 | | 1,233,022 | |
Pfizer Inc. | | | | 450,456 | | 19,711,955 | |
Regeneron Pharmaceuticals Inc. | | | | 8,652 | a | 5,960,103 | |
Thermo Fisher Scientific Inc. | | | | 31,332 | | 15,891,277 | |
Vertex Pharmaceuticals Inc. | | | | 20,581 | a | 5,959,023 | |
Viatris Inc. | | | | 95,071 | | 810,005 | |
Waters Corp. | | | | 4,964 | a | 1,337,947 | |
West Pharmaceutical Services Inc. | | | | 5,937 | | 1,460,977 | |
Zoetis Inc. | | | | 37,607 | | 5,576,742 | |
| | | | 211,963,191 | |
Real Estate - 2.8% | | | | | |
Alexandria Real Estate Equities Inc. | | | | 11,792 | c | 1,653,120 | |
American Tower Corp. | | | | 37,177 | c | 7,981,902 | |
AvalonBay Communities Inc. | | | | 11,213 | c | 2,065,322 | |
Boston Properties Inc. | | | | 11,157 | c | 836,440 | |
Camden Property Trust | | | | 8,095 | c | 966,948 | |
CBRE Group Inc., Cl. A | | | | 26,081 | a | 1,760,728 | |
Crown Castle International Corp. | | | | 34,625 | c | 5,005,044 | |
Digital Realty Trust Inc. | | | | 22,745 | c | 2,255,849 | |
Duke Realty Corp. | | | | 30,002 | c | 1,446,096 | |
Equinix Inc. | | | | 7,277 | c | 4,139,449 | |
Equity Residential | | | | 27,344 | c | 1,838,064 | |
Essex Property Trust Inc. | | | | 4,999 | c | 1,210,908 | |
Extra Space Storage Inc. | | | | 10,646 | c | 1,838,671 | |
Federal Realty Investment Trust | | | | 5,688 | c | 512,603 | |
Healthpeak Properties Inc. | | | | 44,332 | c | 1,016,089 | |
Host Hotels & Resorts Inc. | | | | 55,663 | c | 883,928 | |
Invitation Homes Inc. | | | | 45,697 | c | 1,543,188 | |
Iron Mountain Inc. | | | | 24,005 | c | 1,055,500 | |
Kimco Realty Corp. | | | | 51,486 | c | 947,857 | |
Mid-America Apartment Communities Inc. | | | | 9,219 | c | 1,429,590 | |
Prologis Inc. | | | | 59,326 | c | 6,027,522 | |
Public Storage | | | | 12,748 | c | 3,732,742 | |
Realty Income Corp. | | | | 50,721 | c | 2,951,962 | |
Regency Centers Corp. | | | | 12,792 | c | 688,849 | |
SBA Communications Corp. | | | | 8,538 | c | 2,430,342 | |
Simon Property Group Inc. | | | | 26,469 | c | 2,375,593 | |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
| | | | | | | |
|
Description | | | | Shares | | Value ($) | |
Common Stocks - 99.7% (continued) | | | | | |
Real Estate - 2.8% (continued) | | | | | |
UDR Inc. | | | | 23,830 | c | 993,949 | |
Ventas Inc. | | | | 32,855 | c | 1,319,785 | |
VICI Properties Inc. | | | | 77,086 | b,c | 2,301,017 | |
Vornado Realty Trust | | | | 13,729 | c | 317,964 | |
Welltower Inc. | | | | 36,194 | c | 2,327,998 | |
Weyerhaeuser Co. | | | | 59,542 | c | 1,700,520 | |
| | | | 67,555,539 | |
Retailing - 6.3% | | | | | |
Advance Auto Parts Inc. | | | | 5,010 | | 783,263 | |
Amazon.com Inc. | | | | 710,870 | a | 80,328,310 | |
AutoZone Inc. | | | | 1,580 | a | 3,384,249 | |
Bath & Body Works Inc. | | | | 18,129 | | 591,005 | |
Best Buy Co. | | | | 15,615 | | 989,054 | |
CarMax Inc. | | | | 12,830 | a,b | 847,037 | |
Dollar General Corp. | | | | 18,217 | | 4,369,530 | |
Dollar Tree Inc. | | | | 16,851 | a | 2,293,421 | |
eBay Inc. | | | | 44,104 | | 1,623,468 | |
Etsy Inc. | | | | 10,242 | a | 1,025,531 | |
Genuine Parts Co. | | | | 11,788 | | 1,760,184 | |
LKQ Corp. | | | | 20,168 | | 950,921 | |
Lowe's Cos. | | | | 50,905 | | 9,560,468 | |
O'Reilly Automotive Inc. | | | | 5,024 | a | 3,533,630 | |
Pool Corp. | | | | 3,085 | | 981,678 | |
Ross Stores Inc. | | | | 27,873 | | 2,348,858 | |
Target Corp. | | | | 36,820 | | 5,463,720 | |
The Home Depot Inc. | | | | 82,489 | | 22,762,015 | |
The TJX Companies | | | | 93,874 | | 5,831,453 | |
Tractor Supply Co. | | | | 9,093 | | 1,690,207 | |
Ulta Beauty Inc. | | | | 4,195 | a | 1,682,992 | |
| | | | 152,800,994 | |
Semiconductors & Semiconductor Equipment - 4.8% | | | | | |
Advanced Micro Devices Inc. | | | | 130,338 | a | 8,258,216 | |
Analog Devices Inc. | | | | 41,864 | | 5,833,330 | |
Applied Materials Inc. | | | | 69,474 | | 5,692,005 | |
Broadcom Inc. | | | | 32,341 | | 14,359,727 | |
Enphase Energy Inc. | | | | 10,808 | a | 2,998,896 | |
Intel Corp. | | | | 328,948 | | 8,476,990 | |
KLA Corp. | | | | 11,276 | | 3,412,456 | |
Lam Research Corp. | | | | 10,942 | | 4,004,772 | |
Microchip Technology Inc. | | | | 44,104 | | 2,691,667 | |
Micron Technology Inc. | | | | 88,591 | | 4,438,409 | |
Monolithic Power Systems Inc. | | | | 3,526 | | 1,281,348 | |
NVIDIA Corp. | | | | 200,198 | | 24,302,035 | |
NXP Semiconductors NV | | | | 21,360 | | 3,150,814 | |
| | | | | | | |
|
Description | | | | Shares | | Value ($) | |
Common Stocks - 99.7% (continued) | | | | | |
Semiconductors & Semiconductor Equipment - 4.8% (continued) | | | | | |
ON Semiconductor Corp. | | | | 34,028 | a | 2,120,965 | |
Qorvo Inc. | | | | 8,736 | a | 693,726 | |
Qualcomm Inc. | | | | 89,812 | | 10,146,960 | |
Skyworks Solutions Inc. | | | | 13,147 | | 1,121,045 | |
SolarEdge Technologies Inc. | | | | 4,441 | a | 1,027,914 | |
Teradyne Inc. | | | | 13,110 | | 985,217 | |
Texas Instruments Inc. | | | | 73,672 | | 11,402,952 | |
| | | | 116,399,444 | |
Software & Services - 12.9% | | | | | |
Accenture PLC, Cl. A | | | | 50,641 | | 13,029,929 | |
Adobe Inc. | | | | 37,587 | a | 10,343,942 | |
Akamai Technologies Inc. | | | | 12,265 | a | 985,125 | |
Ansys Inc. | | | | 6,853 | a | 1,519,310 | |
Autodesk Inc. | | | | 17,376 | a | 3,245,837 | |
Automatic Data Processing Inc. | | | | 33,463 | | 7,568,996 | |
Broadridge Financial Solutions Inc. | | | | 9,170 | | 1,323,414 | |
Cadence Design Systems Inc. | | | | 22,288 | a | 3,642,528 | |
Ceridian HCM Holding Inc. | | | | 12,337 | a | 689,392 | |
Citrix Systems Inc. | | | | 10,412 | a | 1,082,848 | |
Cognizant Technology Solutions Corp., Cl. A | | | | 41,221 | | 2,367,734 | |
DXC Technology Co. | | | | 18,137 | a | 443,994 | |
EPAM Systems Inc. | | | | 4,553 | a | 1,649,051 | |
Fidelity National Information Services Inc. | | | | 48,399 | | 3,657,512 | |
Fiserv Inc. | | | | 51,210 | a | 4,791,720 | |
FLEETCOR Technologies Inc. | | | | 6,186 | a | 1,089,788 | |
Fortinet Inc. | | | | 52,501 | a | 2,579,374 | |
Gartner Inc. | | | | 6,538 | a | 1,808,999 | |
Global Payments Inc. | | | | 22,257 | | 2,404,869 | |
International Business Machines Corp. | | | | 71,841 | | 8,535,429 | |
Intuit Inc. | | | | 22,454 | | 8,696,883 | |
Jack Henry & Associates Inc. | | | | 6,082 | | 1,108,566 | |
Mastercard Inc., Cl. A | | | | 68,414 | | 19,452,837 | |
Microsoft Corp. | | | | 598,122 | | 139,302,614 | |
NortonLifeLock Inc. | | | | 45,437 | | 915,101 | |
Oracle Corp. | | | | 121,749 | | 7,435,211 | |
Paychex Inc. | | | | 25,768 | | 2,891,427 | |
Paycom Software Inc. | | | | 3,818 | a | 1,259,902 | |
PayPal Holdings Inc. | | | | 93,192 | a | 8,021,035 | |
PTC Inc. | | | | 8,071 | a | 844,227 | |
Roper Technologies Inc. | | | | 8,489 | | 3,052,984 | |
Salesforce Inc. | | | | 79,790 | a | 11,476,994 | |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
| | | | | | | |
|
Description | | | | Shares | | Value ($) | |
Common Stocks - 99.7% (continued) | | | | | |
Software & Services - 12.9% (continued) | | | | | |
ServiceNow Inc. | | | | 16,220 | a | 6,124,834 | |
Synopsys Inc. | | | | 12,249 | a | 3,742,192 | |
Tyler Technologies Inc. | | | | 3,239 | a | 1,125,553 | |
Verisign Inc. | | | | 7,729 | a | 1,342,527 | |
Visa Inc., Cl. A | | | | 131,135 | b | 23,296,133 | |
| | | | 312,848,811 | |
Technology Hardware & Equipment - 8.6% | | | | | |
Amphenol Corp., Cl. A | | | | 48,169 | | 3,225,396 | |
Apple Inc. | | | | 1,210,962 | | 167,354,948 | |
Arista Networks Inc. | | | | 19,610 | a | 2,213,773 | |
CDW Corp. | | | | 10,788 | | 1,683,791 | |
Cisco Systems Inc. | | | | 332,845 | | 13,313,800 | |
Corning Inc. | | | | 61,706 | | 1,790,708 | |
F5 Inc. | | | | 4,467 | a | 646,509 | |
Hewlett Packard Enterprise Co. | | | | 107,586 | | 1,288,880 | |
HP Inc. | | | | 72,128 | | 1,797,430 | |
Juniper Networks Inc. | | | | 25,077 | | 655,011 | |
Keysight Technologies Inc. | | | | 14,800 | a | 2,328,928 | |
Motorola Solutions Inc. | | | | 13,254 | | 2,968,498 | |
NetApp Inc. | | | | 18,421 | | 1,139,339 | |
Seagate Technology Holdings PLC | | | | 16,068 | | 855,300 | |
TE Connectivity Ltd. | | | | 25,819 | | 2,849,385 | |
Teledyne Technologies Inc. | | | | 3,678 | a | 1,241,215 | |
Trimble Inc. | | | | 20,177 | a | 1,095,006 | |
Western Digital Corp. | | | | 24,055 | a | 782,990 | |
Zebra Technologies Corp., Cl. A | | | | 4,289 | a | 1,123,761 | |
| | | | 208,354,668 | |
Telecommunication Services - 1.2% | | | | | |
AT&T Inc. | | | | 569,251 | | 8,732,311 | |
Lumen Technologies Inc. | | | | 77,785 | | 566,275 | |
T-Mobile US Inc. | | | | 48,346 | a | 6,486,583 | |
Verizon Communications Inc. | | | | 337,425 | | 12,812,027 | |
| | | | 28,597,196 | |
Transportation - 1.6% | | | | | |
Alaska Air Group Inc. | | | | 9,460 | a | 370,359 | |
American Airlines Group Inc. | | | | 50,541 | a | 608,514 | |
C.H. Robinson Worldwide Inc. | | | | 9,713 | | 935,459 | |
CSX Corp. | | | | 171,971 | | 4,581,307 | |
Delta Air Lines Inc. | | | | 50,653 | a | 1,421,323 | |
Expeditors International of Washington Inc. | | | | 13,475 | | 1,189,977 | |
FedEx Corp. | | | | 18,818 | | 2,793,908 | |
J.B. Hunt Transport Services Inc. | | | | 6,603 | | 1,032,841 | |
Norfolk Southern Corp. | | | | 18,731 | | 3,926,954 | |
| | | | | | | |
|
Description | | | | Shares | | Value ($) | |
Common Stocks - 99.7% (continued) | | | | | |
Transportation - 1.6% (continued) | | | | | |
Old Dominion Freight Line Inc. | | | | 7,265 | | 1,807,314 | |
Southwest Airlines Co. | | | | 47,153 | a | 1,454,199 | |
Union Pacific Corp. | | | | 50,010 | | 9,742,948 | |
United Airlines Holdings Inc. | | | | 26,097 | a | 848,935 | |
United Parcel Service Inc., Cl. B | | | | 58,431 | | 9,438,944 | |
| | | | 40,152,982 | |
Utilities - 3.1% | | | | | |
Alliant Energy Corp. | | | | 19,540 | | 1,035,425 | |
Ameren Corp. | | | | 20,635 | | 1,662,149 | |
American Electric Power Co. | | | | 41,047 | | 3,548,513 | |
American Water Works Co. | | | | 14,571 | | 1,896,561 | |
Atmos Energy Corp. | | | | 10,886 | | 1,108,739 | |
CenterPoint Energy Inc. | | | | 50,553 | | 1,424,584 | |
CMS Energy Corp. | | | | 22,774 | | 1,326,358 | |
Consolidated Edison Inc. | | | | 28,480 | | 2,442,445 | |
Constellation Energy Corp. | | | | 26,251 | | 2,183,821 | |
Dominion Energy Inc. | | | | 66,837 | | 4,619,105 | |
DTE Energy Co. | | | | 16,051 | | 1,846,668 | |
Duke Energy Corp. | | | | 61,055 | | 5,679,336 | |
Edison International | | | | 30,689 | | 1,736,384 | |
Entergy Corp. | | | | 15,847 | | 1,594,684 | |
Evergy Inc. | | | | 17,936 | | 1,065,398 | |
Eversource Energy | | | | 27,380 | | 2,134,545 | |
Exelon Corp. | | | | 78,754 | | 2,950,125 | |
FirstEnergy Corp. | | | | 44,809 | | 1,657,933 | |
NextEra Energy Inc. | | | | 158,092 | | 12,395,994 | |
NiSource Inc. | | | | 30,619 | | 771,293 | |
NRG Energy Inc. | | | | 18,960 | | 725,599 | |
PG&E Corp. | | | | 119,094 | a | 1,488,675 | |
Pinnacle West Capital Corp. | | | | 9,856 | | 635,811 | |
PPL Corp. | | | | 59,682 | | 1,512,939 | |
Public Service Enterprise Group Inc. | | | | 40,598 | | 2,282,826 | |
Sempra Energy | | | | 25,252 | | 3,786,285 | |
The AES Corp. | | | | 53,452 | | 1,208,015 | |
The Southern Company | | | | 85,325 | | 5,802,100 | |
WEC Energy Group Inc. | | | | 25,130 | | 2,247,376 | |
Xcel Energy Inc. | | | | 44,693 | | 2,860,352 | |
| | | | 75,630,038 | |
Total Common Stocks (cost $721,821,829) | | | | 2,417,472,884 | |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
| | | | | | | |
|
| | 1-Day Yield (%) | | | | | |
Investment Companies - .7% | | | | | |
Registered Investment Companies - .7% | | | | | |
Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares (cost $16,301,513) | | 3.03 | | 16,301,513 | d | 16,301,513 | |
| | | | | | | |
Investment of Cash Collateral for Securities Loaned - .0% | | | | | |
Registered Investment Companies - .0% | | | | | |
Dreyfus Institutional Preferred Government Plus Money Market Fund, SL Shares (cost $169,960) | | 3.03 | | 169,960 | d | 169,960 | |
Total Investments (cost $738,293,302) | | 100.4% | | 2,433,944,357 | |
Liabilities, Less Cash and Receivables | | (.4%) | | (9,945,068) | |
Net Assets | | 100.0% | | 2,423,999,289 | |
a Non-income producing security.
b Security, or portion thereof, on loan. At September 30, 2022, the value of the fund’s securities on loan was $27,624,417 and the value of the collateral was $28,621,403, consisting of cash collateral of $169,960 and U.S. Government & Agency securities valued at $28,451,443. In addition, the value of collateral may include pending sales that are also on loan.
c Investment in real estate investment trust within the United States.
d Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company’s prospectus.
STATEMENT OF FUTURES
BNY Mellon Stock Index Fund, Inc.
September 30, 2022 (Unaudited)
| | | | | | |
Futures | | | |
Description | Number of Contracts | Expiration | Notional Value ($) | Market Value ($) | Unrealized (Depreciation) ($) | |
Futures Long | | |
Standard & Poor's 500 E-mini | 101 | 12/16/2022 | 20,023,194 | 18,187,575 | (1,835,619) | |
Gross Unrealized Depreciation | | (1,835,619) | |
See notes to financial statements.
STATEMENT OF INVESTMENTS
BNY Mellon Stock Index Fund, Inc.
September 30, 2022 (Unaudited)
The following is a summary of the inputs used as of September 30, 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 ($) | | |
Investments in Securities:† | | |
Equity Securities - Common Stocks | 2,417,472,884 | - | | - | 2,417,472,884 | |
Investment Companies | 16,471,473 | - | | - | 16,471,473 | |
Liabilities ($) | | |
Other Financial Instruments: | | |
Futures†† | (1,835,619) | - | | - | (1,835,619) | |
† See Statement of Investments for additional detailed categorizations, if any.
†† Amount shown represents unrealized appreciation (depreciation) at period end.
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 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.
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. U.S. Treasury Bills are valued at the mean price between quoted bid prices and asked prices by an independent pricing service (the “Service”) approved by the Board Members (“Board”). These securities are generally categorized within Level 2 of the fair value hierarchy.The Service’s procedures are reviewed by BNY Mellon under the general supervision of the Board.
Fair valuing of securities may be determined with the assistance of a pricing service using calculations based on indices of domestic securities and other appropriate indicators, such as prices of relevant American Depository Receipts and futures. Utilizing these techniques may result in transfers between Level 1 and Level 2 of the fair value hierarchy.
When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market), but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.
For securities where observable inputs are limited, assumptions about market activity and risk are used and such securities are generally categorized within Level 3 of the fair value hierarchy.
Financial futures, which are traded on an exchange, are valued at the last sales price on the securities exchange on which such securities are primarily traded or at the last sales price on the national securities market on each business day and are generally categorized within Level 1 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.
Derivatives: A derivative is a financial instrument whose performance is derived from the performance of another asset. Each type of derivative instrument that was held by the fund at September 30, 2022 is discussed below.
Futures: In the normal course of pursuing its investment objective, the fund is exposed to market risk, including interest rate risk as a result of changes in value of underlying financial instruments. The fund invests in futures in order to manage its exposure to or protect against changes in the market. A futures contract represents a commitment for the future purchase or a sale of an asset at a specified date. Upon entering into such contracts, these investments require initial margin deposits with a counterparty, which consist of cash or cash equivalents. The amount of these deposits is determined by the exchange or Board of Trade on which the contract is traded and is subject to change. Accordingly, variation margin payments are received or made to reflect daily unrealized gains or losses which are recorded in the Statement of Operations. When the contracts are closed, the fund recognizes a realized gain or loss which is reflected in the Statement of Operations. There is minimal counterparty credit risk to the fund with futures since they are exchange traded, and the exchange guarantees the futures against default.
At September 30, 2022, accumulated net unrealized appreciation on investments was $1,695,651,055, consisting of $1,743,286,868 gross unrealized appreciation and $47,635,813 gross unrealized depreciation.
At September 30, 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.