(null)


	
		NPORT-P
		false
		
			
			
				
					0000914775
					XXXXXXXX
				
			
			
			
			
				S000011967
				C000032670
				C000032716
				C000032717
				C000130429
			
			
			
		
	
	
		
			BNY Mellon Advantage Funds, Inc.
			811-07123
			0000914775
			549300SWCD16M4CV8Q16
			240 Greenwich Street
			New York
			
			10286
			212 495 1784
			BNY Mellon Dynamic Total Return Fund
			S000011967
			3IX50J1I91RC5OKDEU06
			2021-10-31
			2021-07-31
			N
		
		
			344011693.44
			462168.60
			343549524.84
			0.00
			26320771.68
			0.00
			0.00
			0.00
			0.00
			0.00
			0.00
			0.00
			0.00
			0.00
			0.00
			0.00
			5469704.76
			
				
					CAD
					
					
				
				
					NZD
					
					
				
				
					JPY
					
					
				
				
					GBP
					
					
				
				
					EUR
					
					
				
				
					SEK
					
					
				
				
					NOK
					
					
				
				
					HKD
					
					
				
				
					USD
					
					
				
				
					AUD
					
					
				
				
					CHF
					
					
				
			
			
			
			N
			
				
					
					
					
					
				
				
					
						
						
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
					
					
						
						
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
					
					
						
						
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
					
					
						
						
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
					
					
						
						
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
					
					
						
						
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
						
							
							
							
						
					
				
				
				
				
			
			
			
			
		
		
			
				LXZ1 COMDTY
				N/A
				LME ZINC FUTURE DEC21
				N/A
				
					
					
				
				4.00
				NC
				USD
				303000.00
				0.0881968910133
				Long
				DCO
				
				GB
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								LXZ1 COMDTY_REF
								LME ZINC FUTURE DEC21
								
									
									
									
								
							
						
						2021-12-15
						295212.00
						USD
						7788.00
					
				
				
					N
					N
					N
				
			
			
				LAZ1 21 COMDTY
				N/A
				LME PRI ALUM FUTR DEC21
				N/A
				
					
					
				
				18.00
				NC
				USD
				1163025.00
				0.3385319774613
				Long
				DCO
				
				GB
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								LAZ1 21 COMDTY_REF
								LME PRI ALUM FUTR DEC21
								
									
									
									
								
							
						
						2021-12-15
						1123116.50
						USD
						39908.50
					
				
				
					N
					N
					N
				
			
			
				LLZ1 COMDTY
				N/A
				LME LEAD FUTURE DEC21
				N/A
				
					
					
				
				2.00
				NC
				USD
				118500.00
				0.0344928435151
				Long
				DCO
				
				GB
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								LLZ1 COMDTY_REF
								LME LEAD FUTURE DEC21
								
									
									
									
								
							
						
						2021-12-15
						114556.00
						USD
						3944.00
					
				
				
					N
					N
					N
				
			
			
				TREASURY BILL
				254900HROIFWPRGM1V77
				UNITED STATES TREASURY BILL
				912796F46
				
					
					
				
				15000000.00
				OU
				Other Units
				USD
				14999296.80
				4.3659780367868
				Long
				STIV
				UST
				US
				
				N
				
				2
				
					2021-09-16
					Fixed
					N/A
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				LNZ1 COMDTY
				N/A
				LME NICKEL FUTURE DEC21
				N/A
				
					
					
				
				2.00
				NC
				USD
				234594.00
				0.0682853513214
				Long
				DCO
				
				GB
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								LNZ1 COMDTY_REF
								LME NICKEL FUTURE DEC21
								
									
									
									
								
							
						
						2021-12-15
						220254.00
						USD
						14340.00
					
				
				
					N
					N
					N
				
			
			
				TREASURY BILL
				254900HROIFWPRGM1V77
				UNITED STATES TREASURY BILL
				912796H69
				
					
					
				
				6000000.00
				OU
				Other Units
				USD
				5999185.50
				1.7462360056512
				Long
				STIV
				UST
				US
				
				N
				
				2
				
					2021-11-18
					Fixed
					N/A
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				CHESAPEAKE ENERGY CORP
				X2MT1W32SPAZ9WSKLE78
				CHESAPEAKE ENERGY CORP
				165ESCAG9
				
					
					
				
				65000.00
				PA
				USD
				0.00
				N/A
				Long
				DBT
				CORP
				US
				
				N
				
				2
				
					2026-02-09
					Fixed
					0.000001
					Y
					Y
					N
				
				
					N
					N
					N
				
			
			
				FTLTRB39QMNB56UH_1071200_L
				N/A
				SEK/USD FWD 20210915 00418
				N/A
				
					
					
				
				156233085.00
				NC
				
				18155549.69
				5.284696492727
				Long
				DFE
				
				SE
				
				N
				
				2
				
					
						
							CITIGROUP GLOBAL MARKETS INC
							N/A
						
						18155549.69
						USD
						156233085.00
						SEK
						2021-09-15
						-748294.04
					
				
				
					N
					N
					N
				
			
			
				PD7V4CA60P7DI6TK_1071200_L
				N/A
				EUR/USD FWD 20210915 00418
				N/A
				
					
					
				
				36942000.00
				NC
				
				43862972.08
				12.7675833929411
				Long
				DFE
				
				XX
				
				N
				
				2
				
					
						
							CITIGROUP GLOBAL MARKETS INC
							N/A
						
						43862972.08
						USD
						36942000.00
						EUR
						2021-09-15
						4485.18
					
				
				
					N
					N
					N
				
			
			
				FUPKLLQ1SNCH8G5N_1071200_S
				N/A
				NZD/USD FWD 20210915 00418
				N/A
				
					
					
				
				-17256183.00
				NC
				
				-12020100.31
				-3.4987969538301
				Short
				DFE
				
				NZ
				
				N
				
				2
				
					
						
							CITIGROUP GLOBAL MARKETS INC
							N/A
						
						17256183.00
						NZD
						12020100.31
						USD
						2021-09-15
						217006.33
					
				
				
					N
					N
					N
				
			
			
				V2VO8CLBFVNAL641_1071200_S
				N/A
				JPY/USD FWD 20210915 00418
				N/A
				
					
					
				
				-2698395000.00
				NC
				
				-24605757.50
				-7.1622155528986
				Short
				DFE
				
				JP
				
				N
				
				2
				
					
						
							CITIGROUP GLOBAL MARKETS INC
							N/A
						
						2698395000.00
						JPY
						24605757.50
						USD
						2021-09-15
						-111025.27
					
				
				
					N
					N
					N
				
			
			
				C3P2CIM2LQA5OC1B_1071200_S
				N/A
				CAD/USD FWD 20210915 00418
				N/A
				
					
					
				
				-2622000.00
				NC
				
				-2101602.54
				-0.611732046778
				Short
				DFE
				
				CA
				
				N
				
				2
				
					
						
							CITIGROUP GLOBAL MARKETS INC
							N/A
						
						2622000.00
						CAD
						2101602.54
						USD
						2021-09-15
						7750.78
					
				
				
					N
					N
					N
				
			
			
				TREASURY BILL
				254900HROIFWPRGM1V77
				UNITED STATES TREASURY BILL
				912796F61
				
					
					
				
				86596100.00
				OU
				Other Units
				USD
				86590068.58
				25.2045374303245
				Long
				STIV
				UST
				US
				
				N
				
				2
				
					2021-09-30
					Fixed
					N/A
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				4JNRO722K7KD8V9U_1071200_L
				N/A
				AUD/USD FWD 20210915 00005
				N/A
				
					
					
				
				1946000.00
				NC
				
				1428406.05
				0.4157787878371
				Long
				DFE
				
				AU
				
				N
				
				2
				
					
						
							GOLDMAN SACHS & CO
							N/A
						
						1428406.05
						USD
						1946000.00
						AUD
						2021-09-15
						-67867.51
					
				
				
					N
					N
					N
				
			
			
				5KJBMA93Q2NKC5O1_1071200_L
				N/A
				NOK/USD FWD 20210915 00418
				N/A
				
					
					
				
				21430000.00
				NC
				
				2425915.16
				0.7061325906737
				Long
				DFE
				
				NO
				
				N
				
				2
				
					
						
							CITIGROUP GLOBAL MARKETS INC
							N/A
						
						2425915.16
						USD
						21430000.00
						NOK
						2021-09-15
						-22069.30
					
				
				
					N
					N
					N
				
			
			
				2J0HJMI50HN9EMCI_1071200_S
				N/A
				JPY/USD FWD 20210915 00005
				N/A
				
					
					
				
				-252583000.00
				NC
				
				-2303219.52
				-0.6704184850998
				Short
				DFE
				
				JP
				
				N
				
				2
				
					
						
							GOLDMAN SACHS & CO
							N/A
						
						252583000.00
						JPY
						2303219.52
						USD
						2021-09-15
						-7642.76
					
				
				
					N
					N
					N
				
			
			
				V2VO8CLBFVNAL641_1071200_L
				N/A
				JPY/USD FWD 20210915 00418
				N/A
				
					
					
				
				524517000.00
				NC
				
				4782894.32
				1.3921993698659
				Long
				DFE
				
				JP
				
				N
				
				2
				
					
						
							CITIGROUP GLOBAL MARKETS INC
							N/A
						
						4782894.32
						USD
						524517000.00
						JPY
						2021-09-15
						28539.26
					
				
				
					N
					N
					N
				
			
			
				K07LHLIIVHSH00H2_1071200_L
				N/A
				AUD/USD FWD 20210915 50
				N/A
				
					
					
				
				4878000.00
				NC
				
				3580557.41
				1.0422245269201
				Long
				DFE
				
				AU
				
				N
				
				2
				
					
						
							MORGAN STANLEY & COMPANY LLC
							N/A
						
						3580557.41
						USD
						4878000.00
						AUD
						2021-09-15
						-69845.11
					
				
				
					N
					N
					N
				
			
			
				LTK962BNUFGJMNTC_1071200_S
				N/A
				GBP/USD FWD 20210915 00418
				N/A
				
					
					
				
				-2182000.00
				NC
				
				-3033333.34
				-0.8829391749014
				Short
				DFE
				
				GB
				
				N
				
				2
				
					
						
							CITIGROUP GLOBAL MARKETS INC
							N/A
						
						2182000.00
						GBP
						3033333.34
						USD
						2021-09-15
						-21185.51
					
				
				
					N
					N
					N
				
			
			
				UVVOJQJHU0V5DLEN_1071200_S
				N/A
				AUD/USD FWD 20210915 00418
				N/A
				
					
					
				
				-9163000.00
				NC
				
				-6725840.01
				-1.9577497634823
				Short
				DFE
				
				AU
				
				N
				
				2
				
					
						
							CITIGROUP GLOBAL MARKETS INC
							N/A
						
						9163000.00
						AUD
						6725840.01
						USD
						2021-09-15
						84901.14
					
				
				
					N
					N
					N
				
			
			
				BBG00ZWYLBJ4
				N/A
				ESU1C    4380
				N/A
				
					
					
				
				177.00
				NC
				USD
				859335.00
				0.2501342420427
				Long
				DE
				
				US
				
				N
				
				1
				
					
						
							MORGAN STANLEY & COMPANY LLC
							N/A
						
						Call
						Purchased
						
							
								CASHUSD
								CASHUSD
								
									
								
							
						
						50.00
						4380.00
						USD
						2021-09-17
						XXXX
						166065.43
					
				
				
					N
					N
					N
				
			
			
				C3P2CIM2LQA5OC1B_1071200_L
				N/A
				CAD/USD FWD 20210915 00418
				N/A
				
					
					
				
				7320000.00
				NC
				
				5867174.13
				1.7078102881185
				Long
				DFE
				
				CA
				
				N
				
				2
				
					
						
							CITIGROUP GLOBAL MARKETS INC
							N/A
						
						5867174.13
						USD
						7320000.00
						CAD
						2021-09-15
						-48235.12
					
				
				
					N
					N
					N
				
			
			
				TREASURY BILL
				254900HROIFWPRGM1V77
				UNITED STATES TREASURY BILL
				912796F46
				
					
					
				
				88173500.00
				OU
				Other Units
				USD
				88169366.43
				25.6642376295128
				Long
				STIV
				UST
				US
				
				N
				
				2
				
					2021-09-16
					Fixed
					N/A
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				TREASURY BILL
				254900HROIFWPRGM1V77
				UNITED STATES TREASURY BILL
				912796D48
				
					
					
				
				79888400.00
				OU
				Other Units
				USD
				79887173.71
				23.2534665117658
				Long
				STIV
				UST
				US
				
				N
				
				2
				
					2021-08-19
					Fixed
					N/A
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				HCG5I4SLE74EBV6O_1071200_L
				N/A
				CHF/USD FWD 20210915 00418
				N/A
				
					
					
				
				4159000.00
				NC
				
				4596731.96
				1.3380114445335
				Long
				DFE
				
				CH
				
				N
				
				2
				
					
						
							CITIGROUP GLOBAL MARKETS INC
							N/A
						
						4596731.96
						USD
						4159000.00
						CHF
						2021-09-15
						-22103.00
					
				
				
					N
					N
					N
				
			
			
				HCG5I4SLE74EBV6O_1071200_S
				N/A
				CHF/USD FWD 20210915 00418
				N/A
				
					
					
				
				-4402000.00
				NC
				
				-4865307.54
				-1.4161881150223
				Short
				DFE
				
				CH
				
				N
				
				2
				
					
						
							CITIGROUP GLOBAL MARKETS INC
							N/A
						
						4402000.00
						CHF
						4865307.54
						USD
						2021-09-15
						-87104.24
					
				
				
					N
					N
					N
				
			
			
				127NPV1O45GJCNTR_1071200_L
				N/A
				GBP/USD FWD 20210915 00005
				N/A
				
					
					
				
				28094651.00
				NC
				
				39056114.34
				11.3684087783819
				Long
				DFE
				
				GB
				
				N
				
				2
				
					
						
							GOLDMAN SACHS & CO
							N/A
						
						39056114.34
						USD
						28094651.00
						GBP
						2021-09-15
						-699682.69
					
				
				
					N
					N
					N
				
			
			
				TREASURY BILL
				254900HROIFWPRGM1V77
				UNITED STATES TREASURY BILL
				912796H44
				
					
					
				
				25448000.00
				OU
				Other Units
				USD
				25436212.74
				7.4039435076635
				Long
				STIV
				UST
				US
				
				N
				
				2
				
					2022-05-19
					Fixed
					N/A
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				PD7V4CA60P7DI6TK_1071200_S
				N/A
				EUR/USD FWD 20210915 00418
				N/A
				
					
					
				
				-49464365.00
				NC
				
				-58731364.33
				-17.095457884086
				Short
				DFE
				
				XX
				
				N
				
				2
				
					
						
							CITIGROUP GLOBAL MARKETS INC
							N/A
						
						49464365.00
						EUR
						58731364.33
						USD
						2021-09-15
						1619909.55
					
				
				
					N
					N
					N
				
			
			
				UVVOJQJHU0V5DLEN_1071200_L
				N/A
				AUD/USD FWD 20210915 00418
				N/A
				
					
					
				
				9000000.00
				NC
				
				6606194.49
				1.922923483325
				Long
				DFE
				
				AU
				
				N
				
				2
				
					
						
							CITIGROUP GLOBAL MARKETS INC
							N/A
						
						6606194.49
						USD
						9000000.00
						AUD
						2021-09-15
						-296568.61
					
				
				
					N
					N
					N
				
			
			
				9A0V4O7PTD80ONTQ_1071200_S
				N/A
				NOK/USD FWD 20210915 00005
				N/A
				
					
					
				
				-19227000.00
				NC
				
				-2176531.53
				-0.6335422908862
				Short
				DFE
				
				NO
				
				N
				
				2
				
					
						
							GOLDMAN SACHS & CO
							N/A
						
						19227000.00
						NOK
						2176531.53
						USD
						2021-09-15
						129801.90
					
				
				
					N
					N
					N
				
			
			
				3493FGHEIJPI1QIC_1071200_S
				N/A
				AUD/USD FWD 20210915 418
				N/A
				
					
					
				
				-2248000.00
				NC
				
				-1650080.58
				-0.4803035547112
				Short
				DFE
				
				AU
				
				N
				
				2
				
					
						
							CITIGROUP GLOBAL MARKETS INC
							N/A
						
						2248000.00
						AUD
						1650080.58
						USD
						2021-09-15
						15478.36
					
				
				
					N
					N
					N
				
			
			
				S0ABF74PDTJGNUVD_1071200_L
				N/A
				CHF/USD FWD 20210915 816
				N/A
				
					
					
				
				17317559.00
				NC
				
				19140220.45
				5.5713133234325
				Long
				DFE
				
				CH
				
				N
				
				2
				
					
						
							HSBC SECURITIES INC
							N/A
						
						19140220.45
						USD
						17317559.00
						CHF
						2021-09-15
						-224585.87
					
				
				
					N
					N
					N
				
			
			
				5U63Q4HKPEOGNNA1_1071200_L
				N/A
				NZD/USD FWD 20210915 00005
				N/A
				
					
					
				
				4494000.00
				NC
				
				3130375.40
				0.9111860659559
				Long
				DFE
				
				NZ
				
				N
				
				2
				
					
						
							GOLDMAN SACHS & CO
							N/A
						
						3130375.40
						USD
						4494000.00
						NZD
						2021-09-15
						13570.69
					
				
				
					N
					N
					N
				
			
			
				TREASURY BILL
				254900HROIFWPRGM1V77
				UNITED STATES TREASURY BILL
				9127965G0
				
					
					
				
				50000.00
				OU
				Other Units
				USD
				49992.38
				0.0145517243906
				Long
				STIV
				UST
				US
				
				N
				
				2
				
					2021-12-02
					Fixed
					N/A
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				BBG0105JMRW2
				N/A
				3EQ1C    4350
				N/A
				
					
					
				
				-157.00
				NC
				USD
				-635065.00
				-0.1848539887504
				Short
				DE
				
				US
				
				N
				
				1
				
					
						
							MORGAN STANLEY & COMPANY LLC
							N/A
						
						Call
						Written
						
							
								CASHUSD
								CASHUSD
								
									
								
							
						
						50.00
						4350.00
						USD
						2021-08-20
						XXXX
						-409596.71
					
				
				
					N
					N
					N
				
			
			
				PFKH34FO0PHFIAKN_1071200_L
				N/A
				JPY/USD FWD 20210915 816
				N/A
				
					
					
				
				275240000.00
				NC
				
				2509821.10
				0.7305558350484
				Long
				DFE
				
				JP
				
				N
				
				2
				
					
						
							HSBC SECURITIES INC
							N/A
						
						2509821.10
						USD
						275240000.00
						JPY
						2021-09-15
						9594.00
					
				
				
					N
					N
					N
				
			
			
				K07LHLIIVHSH00H2_1071200_S
				N/A
				AUD/USD FWD 20210915 50
				N/A
				
					
					
				
				-2207000.00
				NC
				
				-1619985.69
				-0.4715435687924
				Short
				DFE
				
				AU
				
				N
				
				2
				
					
						
							MORGAN STANLEY & COMPANY LLC
							N/A
						
						2207000.00
						AUD
						1619985.69
						USD
						2021-09-15
						7985.79
					
				
				
					N
					N
					N
				
			
			
				FUPKLLQ1SNCH8G5N_1071200_L
				N/A
				NZD/USD FWD 20210915 00418
				N/A
				
					
					
				
				2241000.00
				NC
				
				1561008.29
				0.4543764951289
				Long
				DFE
				
				NZ
				
				N
				
				2
				
					
						
							CITIGROUP GLOBAL MARKETS INC
							N/A
						
						1561008.29
						USD
						2241000.00
						NZD
						2021-09-15
						-9787.05
					
				
				
					N
					N
					N
				
			
			
				2J0HJMI50HN9EMCI_1071200_L
				N/A
				JPY/USD FWD 20210915 00005
				N/A
				
					
					
				
				385196000.00
				NC
				
				3512472.92
				1.0224065719886
				Long
				DFE
				
				JP
				
				N
				
				2
				
					
						
							GOLDMAN SACHS & CO
							N/A
						
						3512472.92
						USD
						385196000.00
						JPY
						2021-09-15
						-10188.67
					
				
				
					N
					N
					N
				
			
			
				9A0V4O7PTD80ONTQ_1071200_L
				N/A
				NOK/USD FWD 20210915 00005
				N/A
				
					
					
				
				24923000.00
				NC
				
				2821329.14
				0.8212292365457
				Long
				DFE
				
				NO
				
				N
				
				2
				
					
						
							GOLDMAN SACHS & CO
							N/A
						
						2821329.14
						USD
						24923000.00
						NOK
						2021-09-15
						8689.95
					
				
				
					N
					N
					N
				
			
			
				2VRET2CRF87AML1P_1071200_L
				N/A
				EUR/USD FWD 20210915 00005
				N/A
				
					
					
				
				11896000.00
				NC
				
				14124679.66
				4.1113954870344
				Long
				DFE
				
				XX
				
				N
				
				2
				
					
						
							GOLDMAN SACHS & CO
							N/A
						
						14124679.66
						USD
						11896000.00
						EUR
						2021-09-15
						56833.44
					
				
				
					N
					N
					N
				
			
			
				7UD11FMSQGD3020C_1071200_L
				N/A
				CAD/USD FWD 20210915 00005
				N/A
				
					
					
				
				1312000.00
				NC
				
				1051602.79
				0.3060993289074
				Long
				DFE
				
				CA
				
				N
				
				2
				
					
						
							GOLDMAN SACHS & CO
							N/A
						
						1051602.79
						USD
						1312000.00
						CAD
						2021-09-15
						22834.12
					
				
				
					N
					N
					N
				
			
			
				A5KVB3UNTQDKP2ES_1071200_S
				N/A
				GBP/USD FWD 20210915 50
				N/A
				
					
					
				
				-536000.00
				NC
				
				-745126.80
				-0.2168906507284
				Short
				DFE
				
				GB
				
				N
				
				2
				
					
						
							MORGAN STANLEY & COMPANY LLC
							N/A
						
						536000.00
						GBP
						745126.80
						USD
						2021-09-15
						-7569.36
					
				
				
					N
					N
					N
				
			
			
				127NPV1O45GJCNTR_1071200_S
				N/A
				GBP/USD FWD 20210915 00005
				N/A
				
					
					
				
				-3103000.00
				NC
				
				-4313672.48
				-1.2556188171149
				Short
				DFE
				
				GB
				
				N
				
				2
				
					
						
							GOLDMAN SACHS & CO
							N/A
						
						3103000.00
						GBP
						4313672.48
						USD
						2021-09-15
						-51131.32
					
				
				
					N
					N
					N
				
			
			
				R6QOA0FR11VK2L0R_1071200_L
				N/A
				EUR/USD FWD 20210915 501
				N/A
				
					
					
				
				3820000.00
				NC
				
				4535665.46
				1.3202362780482
				Long
				DFE
				
				XX
				
				N
				
				2
				
					
						
							MORGAN STANLEY & COMPANY LLC
							N/A
						
						4535665.46
						USD
						3820000.00
						EUR
						2021-09-15
						12465.66
					
				
				
					N
					N
					N
				
			
			
				49C1IRU4C0U5EJE3_1071200_S
				N/A
				JPY/USD FWD 20210915 50
				N/A
				
					
					
				
				-1503265985.00
				NC
				
				-13707777.51
				-3.9900440893882
				Short
				DFE
				
				JP
				
				N
				
				2
				
					
						
							MORGAN STANLEY & COMPANY LLC
							N/A
						
						1503265985.00
						JPY
						13707777.51
						USD
						2021-09-15
						30775.70
					
				
				
					N
					N
					N
				
			
			
				5KJBMA93Q2NKC5O1_1071200_S
				N/A
				NOK/USD FWD 20210915 00418
				N/A
				
					
					
				
				-138043782.00
				NC
				
				-15626808.35
				-4.5486333760111
				Short
				DFE
				
				NO
				
				N
				
				2
				
					
						
							CITIGROUP GLOBAL MARKETS INC
							N/A
						
						138043782.00
						NOK
						15626808.35
						USD
						2021-09-15
						1075801.06
					
				
				
					N
					N
					N
				
			
			
				29RKRMSHDHNFFM0H_1071200_L
				N/A
				NOK/USD FWD 20210915 50
				N/A
				
					
					
				
				6717000.00
				NC
				
				760376.67
				0.2213295653236
				Long
				DFE
				
				NO
				
				N
				
				2
				
					
						
							MORGAN STANLEY & COMPANY LLC
							N/A
						
						760376.67
						USD
						6717000.00
						NOK
						2021-09-15
						530.74
					
				
				
					N
					N
					N
				
			
			
				L02BOCH1GN6704LN_1071200_S
				N/A
				CAD/USD FWD 20210915 50
				N/A
				
					
					
				
				-26138513.00
				NC
				
				-20950711.37
				-6.0983089351549
				Short
				DFE
				
				CA
				
				N
				
				2
				
					
						
							MORGAN STANLEY & COMPANY LLC
							N/A
						
						26138513.00
						CAD
						20950711.37
						USD
						2021-09-15
						631602.51
					
				
				
					N
					N
					N
				
			
			
				8OKF6V2LGBM5LJ4H_1071200_S
				N/A
				CHF/USD FWD 20210915 00005
				N/A
				
					
					
				
				-908000.00
				NC
				
				-1003566.39
				-0.2921169489223
				Short
				DFE
				
				CH
				
				N
				
				2
				
					
						
							GOLDMAN SACHS & CO
							N/A
						
						908000.00
						CHF
						1003566.39
						USD
						2021-09-15
						-10406.94
					
				
				
					N
					N
					N
				
			
			
				BBG010PVS5J0
				N/A
				SCV1P    3700 PIT
				N/A
				
					
					
				
				-313.00
				NC
				USD
				-494540.00
				-0.1439501336031
				Short
				DE
				
				US
				
				N
				
				1
				
					
						
							MORGAN STANLEY & COMPANY LLC
							N/A
						
						Put
						Written
						
							
								CASHUSD
								CASHUSD
								
									
								
							
						
						50.00
						3700.00
						USD
						2021-10-29
						XXXX
						14253.69
					
				
				
					N
					N
					N
				
			
			
				LTK962BNUFGJMNTC_1071200_L
				N/A
				GBP/USD FWD 20210915 00418
				N/A
				
					
					
				
				2490000.00
				NC
				
				3461503.21
				1.0075703675073
				Long
				DFE
				
				GB
				
				N
				
				2
				
					
						
							CITIGROUP GLOBAL MARKETS INC
							N/A
						
						3461503.21
						USD
						2490000.00
						GBP
						2021-09-15
						-21681.59
					
				
				
					N
					N
					N
				
			
			
				4JNRO722K7KD8V9U_1071200_S
				N/A
				AUD/USD FWD 20210915 00005
				N/A
				
					
					
				
				-13164874.00
				NC
				
				-9663302.00
				-2.8127828162476
				Short
				DFE
				
				AU
				
				N
				
				2
				
					
						
							GOLDMAN SACHS & CO
							N/A
						
						13164874.00
						AUD
						9663302.00
						USD
						2021-09-15
						116994.44
					
				
				
					N
					N
					N
				
			
			
				5U63Q4HKPEOGNNA1_1071200_S
				N/A
				NZD/USD FWD 20210915 00005
				N/A
				
					
					
				
				-1769000.00
				NC
				
				-1232228.32
				-0.3586756001405
				Short
				DFE
				
				NZ
				
				N
				
				2
				
					
						
							GOLDMAN SACHS & CO
							N/A
						
						1769000.00
						NZD
						1232228.32
						USD
						2021-09-15
						-7174.59
					
				
				
					N
					N
					N
				
			
			
				BBG010PVSF53
				N/A
				SCV1P    4190 PIT
				N/A
				
					
					
				
				157.00
				NC
				USD
				704145.00
				0.2049617155861
				Long
				DE
				
				US
				
				N
				
				1
				
					
						
							MORGAN STANLEY & COMPANY LLC
							N/A
						
						Put
						Purchased
						
							
								CASHUSD
								CASHUSD
								
									
								
							
						
						50.00
						4190.00
						USD
						2021-10-29
						XXXX
						10328.79
					
				
				
					N
					N
					N
				
			
			
				DREYFUS INSTITUTIONAL PREFERRE
				549300RBWL04JG8SIX57
				Dreyfus Institutional Preferred Government Plus Money Market Fund
				N/A
				
					
					
				
				33689711.57
				OU
				Other Units
				USD
				33689711.57
				9.8063624409581
				Long
				STIV
				RF
				US
				
				N
				
				1
				
					2099-12-01
					Variable
					0.05358
					N
					N
					N
				
				
					N
					N
					N
				
			
			
				NGZ1 21 COMDTY
				N/A
				NATURAL GAS FUTR DEC21
				N/A
				
					
					
				
				15.00
				NC
				USD
				612750.00
				0.1783585642522
				Long
				DCO
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								NGZ1 21 COMDTY_REF
								NATURAL GAS FUTR DEC21
								
									
									
									
								
							
						
						2021-11-26
						612750.00
						USD
						31830.84
					
				
				
					N
					N
					N
				
			
			
				BOZ1 COMDTY
				N/A
				SOYBEAN OIL FUTR DEC21
				N/A
				
					
					
				
				77.00
				NC
				USD
				2912448.00
				0.8477520093664
				Long
				DCO
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								BOZ1 COMDTY_REF
								SOYBEAN OIL FUTR DEC21
								
									
									
									
								
							
						
						2021-12-14
						2912448.00
						USD
						-66022.59
					
				
				
					N
					N
					N
				
			
			
				KWZ1 COMDTY
				N/A
				KC HRW WHEAT FUT DEC21
				N/A
				
					
					
				
				-23.00
				NC
				USD
				-786887.50
				-0.2290463071856
				Short
				DCO
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Short
						
							
								KWZ1 COMDTY_REF
								KC HRW WHEAT FUT DEC21
								
									
									
									
								
							
						
						2021-12-14
						-786887.50
						USD
						-97435.82
					
				
				
					N
					N
					N
				
			
			
				PAU1 COMDTY
				N/A
				PALLADIUM FUTURE SEP21
				N/A
				
					
					
				
				-4.00
				NC
				USD
				-1062480.00
				-0.3092654546662
				Short
				DCO
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Short
						
							
								PAU1 COMDTY_REF
								PALLADIUM FUTURE SEP21
								
									
									
									
								
							
						
						2021-09-28
						-1062480.00
						USD
						40439.33
					
				
				
					N
					N
					N
				
			
			
				PLV1 COMDTY
				N/A
				PLATINUM FUTURE OCT21
				N/A
				
					
					
				
				32.00
				NC
				USD
				1677440.00
				0.488267303173
				Long
				DCO
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								PLV1 COMDTY_REF
								PLATINUM FUTURE OCT21
								
									
									
									
								
							
						
						2021-10-27
						1677440.00
						USD
						-120893.42
					
				
				
					N
					N
					N
				
			
			
				C Z1 COMDTY
				N/A
				CORN FUTURE DEC21
				N/A
				
					
					
				
				82.00
				NC
				USD
				2235525.00
				0.6507140421868
				Long
				DCO
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								C Z1 COMDTY_REF
								CORN FUTURE DEC21
								
									
									
									
								
							
						
						2021-12-14
						2235525.00
						USD
						18931.80
					
				
				
					N
					N
					N
				
			
			
				HGU1 COMDTY
				N/A
				COPPER FUTURE SEP21
				N/A
				
					
					
				
				11.00
				NC
				USD
				1232687.50
				0.3588092577261
				Long
				DCO
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								HGU1 COMDTY_REF
								COPPER FUTURE SEP21
								
									
									
									
								
							
						
						2021-09-28
						1232687.50
						USD
						19391.07
					
				
				
					N
					N
					N
				
			
			
				LHZ1 COMDTY
				N/A
				LEAN HOGS FUTURE DEC21
				N/A
				
					
					
				
				-7.00
				NC
				USD
				-228620.00
				-0.066546446282
				Short
				DCO
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Short
						
							
								LHZ1 COMDTY_REF
								LEAN HOGS FUTURE DEC21
								
									
									
									
								
							
						
						2021-12-14
						-228620.00
						USD
						6954.47
					
				
				
					N
					N
					N
				
			
			
				S X1 COMDTY
				N/A
				SOYBEAN FUTURE NOV21
				N/A
				
					
					
				
				-6.00
				NC
				USD
				-404775.00
				-0.1178214407918
				Short
				DCO
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Short
						
							
								S X1 COMDTY_REF
								SOYBEAN FUTURE NOV21
								
									
									
									
								
							
						
						2021-11-12
						-404775.00
						USD
						2407.75
					
				
				
					N
					N
					N
				
			
			
				KCZ1 COMDTY
				N/A
				COFFEE 'C' FUTURE DEC21
				N/A
				
					
					
				
				-9.00
				NC
				USD
				-615768.75
				-0.1792372585253
				Short
				DCO
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Short
						
							
								KCZ1 COMDTY_REF
								COFFEE 'C' FUTURE DEC21
								
									
									
									
								
							
						
						2021-12-20
						-615768.75
						USD
						40838.57
					
				
				
					N
					N
					N
				
			
			
				XBZ1 COMDTY
				N/A
				GASOLINE RBOB FUT DEC21
				N/A
				
					
					
				
				12.00
				NC
				USD
				1059811.20
				0.308488623436
				Long
				DCO
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								XBZ1 COMDTY_REF
								GASOLINE RBOB FUT DEC21
								
									
									
									
								
							
						
						2021-11-30
						1059811.20
						USD
						84684.75
					
				
				
					N
					N
					N
				
			
			
				HOZ1 COMDTY
				N/A
				NY HARB ULSD FUT DEC21
				N/A
				
					
					
				
				-1.00
				NC
				USD
				-92047.20
				-0.0267929929586
				Short
				DCO
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Short
						
							
								HOZ1 COMDTY_REF
								NY HARB ULSD FUT DEC21
								
									
									
									
								
							
						
						2021-11-30
						-92047.20
						USD
						-611.17
					
				
				
					N
					N
					N
				
			
			
				CLZ1 COMDTY
				N/A
				WTI CRUDE FUTURE DEC21
				N/A
				
					
					
				
				29.00
				NC
				USD
				2075530.00
				0.6041428818644
				Long
				DCO
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								CLZ1 COMDTY_REF
								WTI CRUDE FUTURE DEC21
								
									
									
									
								
							
						
						2021-11-19
						2075530.00
						USD
						34656.00
					
				
				
					N
					N
					N
				
			
			
				SMZ1 COMDTY
				N/A
				SOYBEAN MEAL FUTR DEC21
				N/A
				
					
					
				
				-28.00
				NC
				USD
				-990920.00
				-0.2884358522869
				Short
				DCO
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Short
						
							
								SMZ1 COMDTY_REF
								SOYBEAN MEAL FUTR DEC21
								
									
									
									
								
							
						
						2021-12-14
						-990920.00
						USD
						43670.59
					
				
				
					N
					N
					N
				
			
			
				W Z1 COMDTY
				N/A
				WHEAT FUTURE(CBT) DEC21
				N/A
				
					
					
				
				-88.00
				NC
				USD
				-3137200.00
				-0.9131725626635
				Short
				DCO
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Short
						
							
								W Z1 COMDTY_REF
								WHEAT FUTURE(CBT) DEC21
								
									
									
									
								
							
						
						2021-12-14
						-3137200.00
						USD
						-371936.79
					
				
				
					N
					N
					N
				
			
			
				GCV1 COMDTY
				N/A
				GOLD 100 OZ FUTR OCT21
				N/A
				
					
					
				
				18.00
				NC
				USD
				3266100.00
				0.9506926262002
				Long
				DCO
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								GCV1 COMDTY_REF
								GOLD 100 OZ FUTR OCT21
								
									
									
									
								
							
						
						2021-10-27
						3266100.00
						USD
						38604.84
					
				
				
					N
					N
					N
				
			
			
				QSX1 COMDTY
				N/A
				LOW SU GASOIL G NOV21
				N/A
				
					
					
				
				13.00
				NC
				USD
				795925.00
				0.2316769322765
				Long
				DCO
				
				GB
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								QSX1 COMDTY_REF
								LOW SU GASOIL G NOV21
								
									
									
									
								
							
						
						2021-11-11
						795925.00
						USD
						9400.95
					
				
				
					N
					N
					N
				
			
			
				CCZ1 COMDTY
				N/A
				COCOA FUTURE DEC21
				N/A
				
					
					
				
				58.00
				NC
				USD
				1404760.00
				0.4088959228379
				Long
				DCO
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								CCZ1 COMDTY_REF
								COCOA FUTURE DEC21
								
									
									
									
								
							
						
						2021-12-15
						1404760.00
						USD
						36302.39
					
				
				
					N
					N
					N
				
			
			
				COF2 COMDTY
				N/A
				BRENT CRUDE FUTR JAN22
				N/A
				
					
					
				
				35.00
				NC
				USD
				2557800.00
				0.7445214779997
				Long
				DCO
				
				GB
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								COF2 COMDTY_REF
								BRENT CRUDE FUTR JAN22
								
									
									
									
								
							
						
						2021-11-30
						2557800.00
						USD
						222602.50
					
				
				
					N
					N
					N
				
			
			
				SBV1 COMDTY
				N/A
				SUGAR #11 (WORLD) OCT21
				N/A
				
					
					
				
				44.00
				NC
				USD
				882604.80
				0.2569075886252
				Long
				DCO
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								SBV1 COMDTY_REF
								SUGAR #11 (WORLD) OCT21
								
									
									
									
								
							
						
						2021-09-30
						882604.80
						USD
						-29001.99
					
				
				
					N
					N
					N
				
			
			
				LCV1 COMDTY
				N/A
				LIVE CATTLE FUTR OCT21
				N/A
				
					
					
				
				7.00
				NC
				USD
				356160.00
				0.1036706425851
				Long
				DCO
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								LCV1 COMDTY_REF
								LIVE CATTLE FUTR OCT21
								
									
									
									
								
							
						
						2021-10-29
						356160.00
						USD
						7097.30
					
				
				
					N
					N
					N
				
			
			
				SIU1 COMDTY
				N/A
				SILVER FUTURE SEP21
				N/A
				
					
					
				
				-3.00
				NC
				USD
				-383205.00
				-0.1115428700355
				Short
				DCO
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Short
						
							
								SIU1 COMDTY_REF
								SILVER FUTURE SEP21
								
									
									
									
								
							
						
						2021-09-28
						-383205.00
						USD
						-5358.36
					
				
				
					N
					N
					N
				
			
			
				CTZ1 COMDTY
				N/A
				COTTON NO.2 FUTR DEC21
				N/A
				
					
					
				
				49.00
				NC
				USD
				2190055.00
				0.6374786869578
				Long
				DCO
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								CTZ1 COMDTY_REF
								COTTON NO.2 FUTR DEC21
								
									
									
									
								
							
						
						2021-12-08
						2190055.00
						USD
						7161.80
					
				
				
					N
					N
					N
				
			
			
				HIQ1 INDEX
				N/A
				HANG SENG IDX FUT AUG21
				N/A
				
					
					
				
				-64.00
				NC
				
				-10663852.84
				-3.1040220023492
				Short
				DE
				
				HK
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Short
						
							
								HIQ1 INDEX_REF
								HANG SENG IDX FUT AUG21
								
									
									
									
								
							
						
						2021-08-30
						-82870400.00
						HKD
						-17905.41
					
				
				
					N
					N
					N
				
			
			
				EOQ1 INDEX
				N/A
				AMSTERDAM IDX FUT AUG21
				N/A
				
					
					
				
				-17.00
				NC
				
				-3029938.73
				-0.8819510757324
				Short
				DE
				
				NL
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Short
						
							
								EOQ1 INDEX_REF
								AMSTERDAM IDX FUT AUG21
								
									
									
									
								
							
						
						2021-08-20
						-2554216.00
						EUR
						-13739.35
					
				
				
					N
					N
					N
				
			
			
				STU1 INDEX
				N/A
				FTSE/MIB IDX FUT SEP21
				N/A
				
					
					
				
				6.00
				NC
				
				902392.24
				0.2626672938698
				Long
				DE
				
				IT
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								STU1 INDEX_REF
								FTSE/MIB IDX FUT SEP21
								
									
									
									
								
							
						
						2021-09-17
						760710.00
						EUR
						51520.97
					
				
				
					N
					N
					N
				
			
			
				MESU1 INDEX
				N/A
				MSCI EMGMKT SEP21
				N/A
				
					
					
				
				104.00
				NC
				USD
				6644040.00
				1.9339395107864
				Long
				DE
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								MESU1 INDEX_REF
								MSCI EMGMKT SEP21
								
									
									
									
								
							
						
						2021-09-17
						6644040.00
						USD
						-463659.75
					
				
				
					N
					N
					N
				
			
			
				XPU1 INDEX
				N/A
				SPI 200 FUTURES SEP21
				N/A
				
					
					
				
				30.00
				NC
				
				4017828.75
				1.1695049649308
				Long
				DE
				
				AU
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								XPU1 INDEX_REF
								SPI 200 FUTURES SEP21
								
									
									
									
								
							
						
						2021-09-16
						5475000.00
						AUD
						17485.65
					
				
				
					N
					N
					N
				
			
			
				RXU1 COMDTY
				N/A
				EURO-BUND FUTURE SEP21
				N/A
				
					
					
				
				-608.00
				NC
				
				-127349346.80
				-37.0687011892419
				Short
				DIR
				
				DE
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Short
						
							
								RXU1 COMDTY_REF
								EURO-BUND FUTURE SEP21
								
									
									
									
								
							
						
						2021-09-08
						-107354560.00
						EUR
						-3056175.09
					
				
				
					N
					N
					N
				
			
			
				IBQ1 INDEX
				N/A
				IBEX 35 INDX FUTR AUG21
				N/A
				
					
					
				
				-67.00
				NC
				
				-6894543.13
				-2.0068556733446
				Short
				DE
				
				ES
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Short
						
							
								IBQ1 INDEX_REF
								IBEX 35 INDX FUTR AUG21
								
									
									
									
								
							
						
						2021-08-20
						-5812049.00
						EUR
						25579.36
					
				
				
					N
					N
					N
				
			
			
				CFQ1 INDEX
				N/A
				CAC40 10 EURO FUT AUG21
				N/A
				
					
					
				
				75.00
				NC
				
				5880389.53
				1.7116570115294
				Long
				DE
				
				FR
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								CFQ1 INDEX_REF
								CAC40 10 EURO FUT AUG21
								
									
									
									
								
							
						
						2021-08-20
						4957125.00
						EUR
						6995.28
					
				
				
					N
					N
					N
				
			
			
				JBU1 COMDTY
				N/A
				JPN 10Y BOND(OSE) SEP21
				N/A
				
					
					
				
				63.00
				NC
				
				87460917.92
				25.4580232531926
				Long
				DIR
				
				JP
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								JBU1 COMDTY_REF
								JPN 10Y BOND(OSE) SEP21
								
									
									
									
								
							
						
						2021-09-13
						9594900000.00
						JPY
						133027.11
					
				
				
					N
					N
					N
				
			
			
				RTYU1 INDEX
				N/A
				E-MINI RUSS 2000 SEP21
				N/A
				
					
					
				
				76.00
				NC
				USD
				8442080.00
				2.4573109230559
				Long
				DE
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								RTYU1 INDEX_REF
								E-MINI RUSS 2000 SEP21
								
									
									
									
								
							
						
						2021-09-17
						8442080.00
						USD
						-319532.12
					
				
				
					N
					N
					N
				
			
			
				XMU1 COMDTY
				N/A
				AUST 10Y BOND FUT SEP21
				N/A
				
					
					
				
				886.00
				NC
				
				94536244.99
				27.5175013075707
				Long
				DIR
				
				AU
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								XMU1 COMDTY_REF
								AUST 10Y BOND FUT SEP21
								
									
									
									
								
							
						
						2021-09-15
						128822300.18
						AUD
						2216493.19
					
				
				
					N
					N
					N
				
			
			
				Z U1 INDEX
				N/A
				FTSE 100 IDX FUT SEP21
				N/A
				
					
					
				
				738.00
				NC
				
				71463750.30
				20.8015861274389
				Long
				DE
				
				GB
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								Z U1 INDEX_REF
								FTSE 100 IDX FUT SEP21
								
									
									
									
								
							
						
						2021-09-17
						51412770.00
						GBP
						135437.78
					
				
				
					N
					N
					N
				
			
			
				TYU1 COMDTY
				N/A
				US 10YR NOTE (CBT)SEP21
				N/A
				
					
					
				
				1722.00
				NC
				USD
				231528289.86
				67.3929879448468
				Long
				DIR
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								TYU1 COMDTY_REF
								US 10YR NOTE (CBT)SEP21
								
									
									
									
								
							
						
						2021-09-21
						231528289.86
						USD
						3351552.12
					
				
				
					N
					N
					N
				
			
			
				ESU1 INDEX
				N/A
				S&P500 EMINI FUT SEP21
				N/A
				
					
					
				
				355.00
				NC
				USD
				77913625.00
				22.6790082263354
				Long
				DE
				
				US
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								ESU1 INDEX_REF
								S&P500 EMINI FUT SEP21
								
									
									
									
								
							
						
						2021-09-17
						77913625.00
						USD
						547401.96
					
				
				
					N
					N
					N
				
			
			
				TPU1 INDEX
				N/A
				TOPIX INDX FUTR SEP21
				N/A
				
					
					
				
				283.00
				NC
				
				49142245.11
				14.3042681059992
				Long
				DE
				
				JP
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								TPU1 INDEX_REF
								TOPIX INDX FUTR SEP21
								
									
									
									
								
							
						
						2021-09-09
						5391150000.00
						JPY
						-721287.93
					
				
				
					N
					N
					N
				
			
			
				GXU1 INDEX
				N/A
				DAX INDEX FUTURE SEP21
				N/A
				
					
					
				
				51.00
				NC
				
				23517376.59
				6.8454108911816
				Long
				DE
				
				DE
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								GXU1 INDEX_REF
								DAX INDEX FUTURE SEP21
								
									
									
									
								
							
						
						2021-09-17
						19824975.00
						EUR
						35070.91
					
				
				
					N
					N
					N
				
			
			
				G U1 COMDTY
				N/A
				LONG GILT FUTURE SEP21
				N/A
				
					
					
				
				-430.00
				NC
				
				-77575483.00
				-22.5805822424376
				Short
				DIR
				
				GB
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Short
						
							
								G U1 COMDTY_REF
								LONG GILT FUTURE SEP21
								
									
									
									
								
							
						
						2021-09-28
						-55809700.00
						GBP
						-1000326.82
					
				
				
					N
					N
					N
				
			
			
				SMU1 INDEX
				N/A
				SWISS MKT IX FUTR SEP21
				N/A
				
					
					
				
				-252.00
				NC
				
				-33661202.19
				-9.798063963464
				Short
				DE
				
				DE
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Short
						
							
								SMU1 INDEX_REF
								SWISS MKT IX FUTR SEP21
								
									
									
									
								
							
						
						2021-09-17
						-30492000.00
						CHF
						-464305.75
					
				
				
					N
					N
					N
				
			
			
				CNU1 COMDTY
				N/A
				CAN 10YR BOND FUT SEP21
				N/A
				
					
					
				
				455.00
				NC
				
				53979280.22
				15.7122267146605
				Long
				DIR
				
				CA
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Long
						
							
								CNU1 COMDTY_REF
								CAN 10YR BOND FUT SEP21
								
									
									
									
								
							
						
						2021-09-21
						67344550.00
						CAD
						727551.78
					
				
				
					N
					N
					N
				
			
			
				PTU1 INDEX
				N/A
				S&P/TSX 60 IX FUT SEP21
				N/A
				
					
					
				
				-30.00
				NC
				
				-5830714.97
				-1.6971977978183
				Short
				DE
				
				CA
				
				N
				
				1
				
					
						
							N/A
							N/A
						
						Short
						
							
								PTU1 INDEX_REF
								S&P/TSX 60 IX FUT SEP21
								
									
									
									
								
							
						
						2021-09-16
						-7274400.00
						CAD
						-20129.68
					
				
				
					N
					N
					N
				
			
		
		
			2021-09-27
			BNY Mellon Advantage Funds, Inc.
			James Windels
			James Windels
			Fund Treasurer
		
	
	XXXX

Untitled Document

STATEMENT OF INVESTMENTS
BNY Mellon Dynamic Total Return Fund

July 31, 2021 (Unaudited)



Description	Coupon Rate (%)		Maturity Date	Principal Amount ($)		Value ($)
Options Purchased - .5%
Call Options - .3%
Standard & Poor's 500 E-mini, Contracts 177		4,380	9/17/2021	19,272,000		859,335
Put Options - .2%
Standard & Poor's 500 E-mini, Contracts 157		4,190	10/29/2021	32,891,500		704,145
Total Options Purchased (cost $1,387,086)				1,563,480
Description	Annualized Yield (%)		Maturity Date	Principal Amount ($)		Value ($)
Short-Term Investments - 87.6%
U.S. Government Securities
U.S. Treasury Bills		0.04	9/30/2021	86,596,100	^a	86,590,069
U.S. Treasury Bills		0.06	5/19/2022	25,448,000	^a	25,436,213
U.S. Treasury Bills		0.02	11/18/2021	6,000,000	^a,b	5,999,185
U.S. Treasury Bills		0.02	12/2/2021	50,000	^a	49,992
U.S. Treasury Bills		0.01	8/19/2021	79,888,400	^a	79,887,174
U.S. Treasury Bills		0.01	9/16/2021	103,173,500	^a,b	103,168,663
Total Short-Term Investments (cost $301,133,708)				301,131,296
Description	1-Day Yield (%)			Shares		Value ($)
Investment Companies - 9.8%
Registered Investment Companies - 9.8%
Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares (cost $33,689,712)		0.05		33,689,712	^c	33,689,712
Total Investments (cost $336,210,506)				97.9%	336,384,488
Cash and Receivables (Net)				2.1%	7,165,037
Net Assets				100.0%	343,549,525

^a Security is a discount security. Income is recognized through the accretion of discount.

^b These securities are wholly-owned by the Subsidiary referenced in Note 1.

^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.

STATEMENT OF INVESTMENTS
BNY Mellon Dynamic Total Return 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	Total
Assets ($)
Investments in Securities:^†
Investment Companies	33,689,712	-	-	33,689,712
U.S. Treasury Securities	-	301,131,296	-	301,131,296
Other Financial Instruments:
Forward Foreign Currency Exchange Contracts^††	-	4,095,259	-	4,095,259
Futures^††	6,447,876	-	-	6,447,876
Options Purchased	1,563,480	-	-	1,563,480
Liabilities ($)
Other Financial Instruments:
Forward Foreign Currency Exchange Contracts^††	-	(2,544,668)	-	(2,544,668)
Futures^††	(5,466,026)	-	-	(5,466,026)
Options Written	(1,129,605)	-	-	(1,129,605)

^† See Statement of Investments for additional detailed categorizations, if any.

^†† Amount shown represents unrealized appreciation (depreciation) at period end.

STATEMENT OF FUTURES
BNY Mellon Dynamic Total Return Fund

July 31, 2021 (Unaudited)


Description	Number of Contracts	Expiration	Notional Value ($)	Market Value ($)	Unrealized Appreciation (Depreciation) ($)
Futures Long
ASX SPI 200	21	9/16/2021	2,802,150^a	2,812,480	10,330
Australian 10 Year Bond	778	9/15/2021	81,089,888^a	83,012,640	1,922,752
Brent Crude	33	11/30/2021	2,202,293^b	2,411,640	209,347
CAC 40 10 Euro	75	8/20/2021	5,873,395^a	5,880,390	6,995
Canadian 10 year Bond	455	9/21/2021	53,251,728^a	53,979,280	727,552
Cocoa	58	12/15/2021	1,368,458^b	1,404,760	36,302
Copper	9	9/28/2021	982,047^b	1,008,563	26,516
Corn No.2 Yellow	82	12/14/2021	2,216,593^b	2,235,525	18,932
Cotton No.2	49	12/8/2021	2,182,893^b	2,190,055	7,162
Crude Oil	29	11/19/2021	2,040,874^b	2,075,530	34,656
Crude Soybean Oil	77	12/14/2021	2,978,471^b	2,912,448	(66,023)
DAX	51	9/17/2021	23,482,306^a	23,517,377	35,071
E-mini Russell 2000	76	9/17/2021	8,761,612	8,442,080	(319,532)
FTSE 100	782	9/17/2021	75,588,381^a	75,724,462	136,081
FTSE/MIB Index	6	9/17/2021	850,871^a	902,392	51,521
Gasoline	12	11/30/2021	975,126^b	1,059,811	84,685
Gold 100 oz	17	10/27/2021	3,051,510^b	3,084,650	33,140
Japanese 10 Year Bond	59	9/13/2021	81,799,228^a	81,907,844	108,616
Live Cattle	7	10/29/2021	349,063^b	356,160	7,097
LME Primary Aluminum	18	12/15/2021	1,123,117^b	1,163,025	39,908
LME Primary Nickel	2	12/15/2021	220,254^b	234,594	14,340
LME Refined Pig Lead	2	12/15/2021	114,556^b	118,500	3,944
LME Zinc	4	12/15/2021	295,212^b	303,000	7,788
Low Sulphur Gas oil	13	12/10/2021	790,758^b	790,725	(33)
Mini MSCI Emerging Markets Index	104	9/17/2021	7,107,700	6,644,040	(463,660)
Natural Gas	15	11/26/2021	580,919^b	612,750	31,831
Platinum	41	10/27/2021	2,270,418^b	2,149,220	(121,198)
Standard & Poor's 500 E-mini	345	9/17/2021	75,251,748	75,718,875	467,127
Sugar No.11	44	9/30/2021	911,607^b	882,605	(29,002)
Topix	283	9/9/2021	49,863,533^a	49,142,245	(721,288)
U.S. Treasury 10 Year Notes	1,407	9/21/2021	186,936,155	189,175,554	2,239,399
Futures Short
Amsterdam Exchange Index	36	8/20/2021	6,408,174^a	6,416,341	(8,167)
Chicago SRW Wheat	83	12/14/2021	2,607,807^b	2,958,950	(351,143)
Coffee "C"	9	12/20/2021	656,608^b	615,769	40,839

STATEMENT OF FUTURES (Unaudited) (continued)


Description	Number of Contracts	Expiration	Notional Value ($)	Market Value ($)	Unrealized Appreciation (Depreciation) ($)
Futures Short (continued)
Euro-Bond	398	9/8/2021	81,575,632^a	83,363,553	(1,787,921)
Hang Seng	103	8/30/2021	17,185,598^a	17,162,138	23,460
Hard Red Winter Wheat	23	12/14/2021	689,452^b	786,888	(97,436)
IBEX 35 Index	44	8/20/2021	4,556,821^a	4,527,760	29,061
Lean Hog	7	12/14/2021	235,574^b	228,620	6,954
Long Gilt	430	9/28/2021	76,575,156^a	77,575,483	(1,000,327)
NY Harbor ULSD	1	11/30/2021	91,436^b	92,047	(611)
NYMEX Palladium	5	9/28/2021	1,368,491^b	1,328,100	40,391
S&P/Toronto Stock Exchange 60 Index	45	9/16/2021	8,719,305^a	8,746,072	(26,767)
Silver	3	9/28/2021	377,847^b	383,205	(5,358)
Soybean	6	11/12/2021	407,183^b	404,775	2,408
Soybean Meal	28	12/14/2021	1,034,591^b	990,920	43,671
Swiss Market Index	307	9/17/2021	40,540,300^a	41,007,893	(467,593)
Gross Unrealized Appreciation				6,447,876
Gross Unrealized Depreciation				(5,466,059)

^a Notional amounts in foreign currency have been converted to USD using relevant foreign exchange rates.

^b These securities are wholly-owned by the Subsidiary referenced in Note 1.

See notes to consolidated financial statements.

STATEMENT OF OPTIONS WRITTEN
BNY Mellon Dynamic Total Return Fund

July 31, 2021 (Unaudited)


Description/ Contracts/ Counterparties	Exercise Price	Expiration Date	Notional Amount	Value ($)
Call Options:
Standard & Poor's 500 E-mini, Contracts 157	4,350	8/20/2021	34,147,500	(635,065)
Put Options:
Standard & Poor's 500 E-mini, Contracts 313	3,700	10/29/2021	57,905,000	(494,540)
Total Options Written (premiums received $734,262)				(1,129,605)

See notes to consolidated financial statements.

STATEMENT OF FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS
BNY Mellon Dynamic Total Return Fund

July 31, 2021 (Unaudited)


Counterparty/ Purchased Currency	Purchased Currency Amounts	Currency Sold	Sold Currency Amounts	Settlement Date	Unrealized Appreciation (Depreciation) ($)
Citigroup
United States Dollar	1,665,559	Australian Dollar	2,248,000	9/15/2021	15,478
Norwegian Krone	21,430,000	United States Dollar	2,447,984	9/15/2021	(22,069)
United States Dollar	16,702,609	Norwegian Krone	138,043,782	9/15/2021	1,075,801
Canadian Dollar	7,320,000	United States Dollar	5,915,409	9/15/2021	(48,235)
United States Dollar	2,109,354	Canadian Dollar	2,622,000	9/15/2021	7,751
Swedish Krona	156,233,085	United States Dollar	18,903,844	9/15/2021	(748,294)
New Zealand Dollar	2,241,000	United States Dollar	1,570,795	9/15/2021	(9,787)
United States Dollar	12,237,106	New Zealand Dollar	17,256,183	9/15/2021	217,006
Swiss Franc	4,159,000	United States Dollar	4,618,835	9/15/2021	(22,103)
United States Dollar	4,778,204	Swiss Franc	4,402,000	9/15/2021	(87,104)
British Pound	2,490,000	United States Dollar	3,483,185	9/15/2021	(21,682)
United States Dollar	3,012,147	British Pound	2,182,000	9/15/2021	(21,186)
Euro	36,942,000	United States Dollar	43,858,487	9/15/2021	4,485
United States Dollar	60,351,274	Euro	49,464,365	9/15/2021	1,619,910
Australian Dollar	9,000,000	United States Dollar	6,902,764	9/15/2021	(296,569)
United States Dollar	6,810,741	Australian Dollar	9,163,000	9/15/2021	84,901
Japanese Yen	524,517,000	United States Dollar	4,754,355	9/15/2021	28,539
United States Dollar	24,494,732	Japanese Yen	2,698,395,000	9/15/2021	(111,025)
Goldman Sachs
British Pound	28,094,651	United States Dollar	39,755,797	9/15/2021	(699,683)
United States Dollar	4,262,541	British Pound	3,103,000	9/15/2021	(51,131)
Japanese Yen	385,196,000	United States Dollar	3,522,662	9/15/2021	(10,189)


Counterparty/ Purchased Currency	Purchased Currency Amounts	Currency Sold	Sold Currency Amounts	Settlement Date	Unrealized Appreciation (Depreciation) ($)
Goldman Sachs(continued)
United States Dollar	3,424,715	Japanese Yen	376,467,000	9/15/2021	(8,161)
Euro	14,215,000	United States Dollar	16,821,519	9/15/2021	56,618
Australian Dollar	1,946,000	United States Dollar	1,496,274	9/15/2021	(67,868)
United States Dollar	10,532,003	Australian Dollar	14,186,874	9/15/2021	118,531
New Zealand Dollar	4,494,000	United States Dollar	3,116,804	9/15/2021	13,571
United States Dollar	1,225,053	New Zealand Dollar	1,769,000	9/15/2021	(7,175)
Canadian Dollar	1,312,000	United States Dollar	1,028,769	9/15/2021	22,834
United States Dollar	939,342	Canadian Dollar	1,171,000	9/15/2021	754
United States Dollar	993,159	Swiss Franc	908,000	9/15/2021	(10,407)
Norwegian Krone	34,763,000	United States Dollar	3,928,913	9/15/2021	6,322
United States Dollar	2,306,333	Norwegian Krone	19,227,000	9/15/2021	129,802
HSBC
Japanese Yen	275,240,000	United States Dollar	2,500,227	9/15/2021	9,594
Swiss Franc	17,317,559	United States Dollar	19,364,806	9/15/2021	(224,586)
Morgan Stanley
Norwegian Krone	6,717,000	United States Dollar	759,846	9/15/2021	531
United States Dollar	13,738,553	Japanese Yen	1,503,265,985	9/15/2021	30,776
United States Dollar	737,558	British Pound	536,000	9/15/2021	(7,569)
Australian Dollar	4,878,000	United States Dollar	3,650,402	9/15/2021	(69,845)
United States Dollar	1,627,972	Australian Dollar	2,207,000	9/15/2021	7,986
United States Dollar	21,582,314	Canadian Dollar	26,138,513	9/15/2021	631,603
Euro	3,820,000	United States Dollar	4,523,199	9/15/2021	12,466
Gross Unrealized Appreciation					4,095,259
Gross Unrealized Depreciation					(2,544,668)

See notes to consolidated financial statements.

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:

Registered investment companies that are not traded on an exchange are valued at their net asset value and are generally categorized within Level 1 of the fair value hierarchy.

Investments in debt securities, excluding short-term investments (other than U.S. Treasury Bills), financial futures, options and forward foreign currency exchange contracts (“forward contracts”) are valued each business day by one or more

independent pricing services (each, a “Service”) approved by the fund's Board (the “Board”). Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of a Service are valued at the mean between the quoted bid prices (as obtained by a Service from dealers in such securities) and asked prices (as calculated by a Service based upon its evaluation of the market for such securities). Securities are valued as determined by a Service, based on methods which include consideration of the following: yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. These securities are generally categorized within Level 2 of the fair value hierarchy.

U.S. Treasury Bills are valued at the mean price between quoted bid prices and asked prices by the Service. These securities are generally categorized within Level 2 of the fair value hierarchy.

Each Service and independent valuation firm is engaged under the general oversight of the Board.

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.

Investments denominated in foreign currencies are translated to U.S. dollars at the prevailing rates of exchange.

Financial futures and options, 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. Options traded over-the-counter (“OTC”) are valued at the mean between the bid and asked price and are generally categorized within Level 2 of the fair value hierarchy. Investments in swap transactions are valued each business day by the Service. Swaps are valued by the Service by using a swap pricing model which incorporates among other factors, default probabilities, recovery rates, credit curves of the underlying issuer and swap spreads on

interest rates and are generally categorized within Level 2 of the fair value hierarchy. Forward contracts are valued at the forward rate and are generally categorized within Level 2 of the fair value hierarchy.

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 July 31, 2021 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.

Options Transactions: The fund purchases and writes (sells) put and call options to hedge against changes in the values of interest rates, foreign currencies, or as a substitute for an investment. The fund is subject to market riskinterest rate risk and currency risk in the course of pursuing its investment objectives through its investments in options contracts. A call option gives the purchaser of the option the right (but not the obligation) to buy, and obligates the writer to sell, the underlying financial instrument at the exercise price at any time during the option period, or at a specified date. Conversely, a put option gives the purchaser of the option the right (but not the obligation) to sell, and obligates the writer to buy the underlying financial instrument at the exercise price at any time during the option period, or at a specified date.

As a writer of call options, the fund receives a premium at the outset and then bears the market risk of unfavorable changes in the price of the financial instrument underlying the option. Generally, the fund realizes a gain, to the extent of the premium, if the price of the underlying financial instrument decreases between the date the option is written and the date on which the option is terminated. Generally, the fund incurs a loss if the price of the financial instrument increases between those dates. The maximum payout for those contracts is limited to the number of call option contracts written and the related strike prices, respectively.

As a writer of put options, the fund receives a premium at the outset and then bears the market risk of unfavorable changes in the price of the financial instrument underlying the option. Generally, the fund realizes a gain, to the extent of the premium, if the price of the underlying financial instrument increases between the date the option is written

and the date on which the option is terminated. Generally, the fund incurs a loss if the price of the financial instrument decreases between those dates. The maximum payout for those contracts is limited to the number of put option contracts written and the related strike prices, respectively.

As a writer of an option, the fund has no control over whether the underlying financial instrument may be sold (call) or purchased (put) and as a result bears the market risk of an unfavorable change in the price of the financial instrument underlying the written option. There is a risk of loss from a change in value of such options which may exceed the related premiums received. The Statement of Operations reflects any unrealized gains or losses which occurred during the period as well as any realized gains or losses which occurred upon the expiration or closing of the option transaction.

Forward Foreign Currency Exchange Contracts: The fund enters into forward contracts in order to hedge its exposure to changes in foreign currency exchange rates on its foreign portfolio holdings, to settle foreign currency transactions or as a part of its investment strategy. When executing forward contracts, the fund is obligated to buy or sell a foreign currency at a specified rate on a certain date in the future. With respect to sales of forward contracts, the fund incurs a loss if the value of the contract increases between the date the forward contract is opened and the date the forward contract is closed. The fund realizes a gain if the value of the contract decreases between those dates. With respect to purchases of forward contracts, the fund incurs a loss if the value of the contract decreases between the date the forward contract is opened and the date the forward contract is closed. The fund realizes a gain if the value of the contract increases between those dates. Any realized or unrealized gains or losses which occurred during the period are reflected in the Statement of Operations. The fund is exposed to foreign currency risk as a result of changes in value of underlying financial instruments. The fund is also exposed to credit risk associated with counterparty nonperformance on these forward contracts, which is generally limited to the unrealized gain on each open contract. This risk may be mitigated by Master Agreements, if any, between the fund and the counterparty and the posting of collateral, if any, by the counterparty to the fund to cover the fund’s exposure to the counterparty.

At July 31, 2021, accumulated net unrealized appreciation on investments was $173,982, consisting of $177,895 gross unrealized appreciation and $3,913 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.