NPORT-P false 0001591556 XXXXXXXX S000044139 C000137207 C000137208 C000137209 C000137210 BNY Mellon Investment Funds II, Inc. 811-22912 0001591556 5493009RJ30DK8B0DW28 240 Greenwich Street New York 10286 212 495 1784 BNY Mellon Alternative Diversifier Strategies Fund S000044139 549300S1T0D63QP2LQ16 2021-10-31 2021-07-31 N 275085331.95 120187.37 274965144.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2187511.41 N 361 GLOBAL LONG/SHORT EQUITY FUND 549300LL2YH1FVASTH43 361 GLOBAL LONG/SHORT EQUITY FUND 46141Q865 2548616.55 NS USD 31246038.90 11.363636270236 Long EC RF US N 1 N N N GATEWAY FUND N/A GATEWAY FUND 367829884 778046.085 NS USD 30787283.58 11.1967950072459 Long EC RF US N 1 N N N BOSTON PARTNERS LONG/SHORT RESEARCH FUND N/A BOSTON PARTNERS LONG/SHORT RESEARCH FUND 74925K581 2765895.797 NS USD 45720257.52 16.6276556942648 Long EC RF US N 1 N N N NEUBERGER BERMAN LONG SHORT FUND 549300UFVFMPQHUEVQ03 NEUBERGER BERMAN LONG SHORT FUND 64128R608 2553036.042 NS USD 45290859.39 16.4714911263317 Long EC RF US N 1 N N N ALPHASIMPLEX GLOBAL ALTERNATIVES FUND 549300O2NJFJ5NLVRI47 ALPHASIMPLEX GLOBAL ALTERNATIVES FUND 63872T885 3798165.555 NS USD 41589912.83 15.1255217796885 Long EC RF US N 1 N N N BNY MELLON GLOBAL REAL RETURN FUND 5493000A8ZNCNJ3H1S06 BNY MELLON GLOBAL REAL RETURN FUND 05587N794 2411181.115 NS USD 41882215.97 15.231827304502 Long EC RF US N 1 N N N BNY MELLON GLOBAL REAL ESTATE SECURITIES FUND 549300ZNDDIWU1ZNWJ83 BNY MELLON GLOBAL REAL ESTATE SECURITIES FUND 05588F709 2751833.845 NS USD 29141920.42 10.5984052867912 Long EC RF US N 1 N N N DFA COMMODITY STRATEGY PORTFOLIO 5493006QOPGDR6RNZJ72 DFA COMMODITY STRATEGY PORTFOLIO 23320G463 1058134.027 NS USD 7174148.70 2.6091120425311 Long EC RF US N 1 N N N 2021-09-27 BNY Mellon Advantage Funds, Inc. James Windels James Windels Fund Treasurer XXXX
BNY Mellon Alternative Diversifier Strategies Fund
July 31, 2021 (Unaudited)
Investment Companies - 99.1%
Alternative Investments - 28.9%
AlphaSimplex Global Alternatives Fund, Cl. Y
DFA Commodity Strategy Portfolio
Gateway Fund, CI. Y
Domestic Equity - 33.1%
Boston Partners Long/Short Research Fund, Institutional Class
Neuberger Berman Long Short Fund, Institutional Class
Foreign Balanced - 15.1%
BNY Mellon Global Real Return Fund, CI. Y
Foreign Equity - 22.0%
361 Global Long/Short Equity Fund, CI. Y
BNY Mellon Global Real Estate Securities Fund, CI. Y
Total Investments (cost $237,364,383)
Cash and Receivables (Net)
a Investment in non-controlled affiliates (cost $82,498,410).
b Non-income producing security.
c Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company’s prospectus.
BNY Mellon Alternative Diversifier Strategies Fund
July 31, 2021 (Unaudited)
The following is a summary of the inputs used as of July 31, 2021 in valuing the fund’s investments:
Level 1 - Unadjusted Quoted Prices
Level 2 - Other Significant Observable Inputs
Level 3 -Significant Unobservable Inputs
Investments in Securities: †
† See Statement of Investment 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 are valued at the net asset value of each underlying fund determined as of the close of the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date and are generally categorized within Level 1 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.
At July 31, 2021, accumulated net unrealized appreciation on investments was $35,247,662, consisting of $35,247,662 gross unrealized appreciation and $0 gross unrealized depreciation.
At July 31, 2021, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement of Investments).
Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.