NPORT-P false 0001591556 XXXXXXXX S000044141 C000137215 C000137216 C000137217 C000137218 BNY Mellon Investment Funds II, Inc. 811-22912 0001591556 5493009RJ30DK8B0DW28 240 Greenwich Street New York 10286 212 495 1784 BNY Mellon Yield Enhancement Strategy Fund S000044141 549300RNOL9B8XEDVJ35 2021-10-31 2021-07-31 N 285272518.91 59747.86 285212771.05 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 357571.22 N BNY MELLON GLOBAL DYNAMIC BOND INCOME FUND 549300L2EIM746N6ER82 BNY MELLON GLOBAL DYNAMIC BOND INCOME FUND 05587N851 2340366.877 NS USD 29160971.29 10.2242866554134 Long EC RF US N 1 N N N BNY MELLON FLOATING RATE INCOME FUND 5493006EE56XEFEOYO53 BNY MELLON FLOATING RATE INCOME FUND 05589K400 5024535.77 NS USD 57530934.57 20.1712336927277 Long EC RF US N 1 N N N BNY MELLON HIGH YIELD FUND 549300U20XX0ZDIYNO84 BNYM HIGH YIELD-I 05588E850 6508438.251 NS USD 40222148.39 14.1025060841152 Long EC CORP US N 1 N N N BNY MELLON MUNICIPAL OPPORTUNI 549300AONDOFPGLCFV62 BNY MELLON MUNI OPPORT-M 05569M491 7875199.985 NS USD 111827839.79 39.2085667757127 Long EC CORP US N 1 N N N TCW EMERGING MARKETS INCOME FUND 549300TJW8MTVSLYJW58 TCW EMERGING MARKETS INCOME FUND 87234N765 1632117.18 NS USD 13334397.36 4.6752455406922 Long EC RF US N 1 N N N BNY MELLON CORPORATE BOND FUND 549300VTEMMMR676OI33 BNY MELLON CORPORATE BOND FUND 05569M368 2321422.70 NS USD 32198132.85 11.2891623791823 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 Yield Enhancement Strategy Fund
July 31, 2021 (Unaudited)
Investment Companies - 99.7%
Domestic Fixed Income - 45.6%
BNY Mellon Corporate Bond Fund, Cl. M
BNY Mellon Floating Rate Income Fund, Cl. Y
BNY Mellon High Yield Fund, Cl. I
Foreign Fixed Income - 14.9%
BNY Mellon Global Dynamic Bond Income Fund, Cl. Y
TCW Emerging Markets Income Fund, Cl. I
Municipal Bond - 39.2%
BNY Mellon Municipal Opportunities Fund, Cl. M
Total Investments (cost $269,335,317)
Cash and Receivables (Net)
a 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 Yield Enhancement Strategy 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 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 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 $15,062,936, consisting of $16,568,544 gross unrealized appreciation and $1,505,608 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.