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roman';font-size:10pt">www.bny.com/investments/us/en/intermediary/products/variable‑products.html#funds‑table‑tabs1</span>. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com. www.bny.com/investments/us/en/intermediary/products/variable‑products.html#funds‑table‑tabs1 1-800-373-9387 info@bny.com <div style="margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:11pt;font-weight:bold;margin-bottom:2pt;"> <b>What were the Fund’s costs for the last </b> <b>six months</b> <b>?</b> </div><div style="font-weight:400;margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:10pt;line-height:11pt;margin-bottom:3pt;">(based on a hypothetical $10,000 investment)</div><table style="width:100%;border-collapse:collapse;page-break-inside:avoid;break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(0, 72, 94);border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 10pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); vertical-align: top; text-align: left; width: 25%;">Share Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 10pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); vertical-align: top; text-align: center; width: 30%;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 10pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); vertical-align: top; text-align: center; width: 40%;">Costs paid as a percentage of a $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial;background-color:rgb(227, 235, 237);height:19pt"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 6pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: left; text-indent: -6pt;">Initial Shares</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; line-height: 9pt; text-align: center; vertical-align: top;"><span style="float:none">$</span>44</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; line-height: 9pt; text-align: center; vertical-align: top;">0.87<span>%</span><span>*</span></td> </tr> </table><table style="width:100%;border-collapse:collapse;page-break-inside:avoid;break-inside:avoid;margin-bottom:22pt"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 0; font-style: normal; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 5pt; line-height: normal; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 10pt; text-align: left; vertical-align: super;">*</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 0; font-family: 'Times New Roman'; font-size: 9pt; line-height: normal; font-style: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;font-family:'times new roman';font-size:9pt;line-height:normal;font-style:normal;text-align:left;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Annualized.</div></td> </tr> </table> 44 0.0087 <div style="font-family:'times new roman';color:rgb(0, 0, 0);font-size:11pt;font-weight:bold;margin-top:0px;margin-bottom:0px;"> <b>KEY FUND STATISTICS (AS OF </b> <b>6/30/26</b> <b>)</b> </div><table style="width:100%;border-collapse:collapse;page-break-inside:avoid;break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(0, 72, 94);border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); padding-top: 1pt; padding-bottom: 10pt; padding-right: 3pt; padding-left: 3pt; width: 170pt; vertical-align: top; text-align: center;"><br/> Fund Size (Millions)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); padding-top: 1pt; padding-bottom: 10pt; padding-right: 3pt; padding-left: 3pt; width: 170pt; vertical-align: top; text-align: center;"><br/> Number of Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); padding-top: 1pt; padding-bottom: 10pt; padding-right: 3pt; padding-left: 3pt; width: 170pt; vertical-align: top; text-align: center;"><br/> Portfolio Turnover</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial;background-color:rgb(227, 235, 237);height:19pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-right: 3pt; padding-left: 3pt; padding-top: 1pt; width: 170pt; font-family: 'Times New Roman'; font-weight: normal; font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: center; color: rgb(0, 0, 0); padding-bottom: 1pt; border-left-color: initial; border-left-style: none; border-left-width: initial;"><span style="float:none">$</span>186</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-right: 3pt; padding-left: 3pt; padding-top: 1pt; width: 170pt; font-family: 'Times New Roman'; font-weight: normal; font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: center; color: rgb(0, 0, 0); padding-bottom: 1pt; border-left-color: initial; border-left-style: none; border-left-width: initial;">43</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-right: 3pt; padding-left: 3pt; padding-top: 1pt; white-space: nowrap; width: 170pt; font-family: 'Times New Roman'; font-weight: normal; font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: center; color: rgb(0, 0, 0); padding-bottom: 1pt; border-left-color: initial; border-left-style: none; border-left-width: initial;">4.02<span>%</span></td> </tr> </table> 186000000 43 0.0402 <div style="margin-top:0px;text-transform:uppercase;margin-bottom:3pt;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;"> <b>Portfolio Holdings (as of </b> <b>6/30/26</b> <b>)</b> </div><div style="margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;text-transform:none;margin-bottom:0px;page-break-after:avoid;"> <b>Top Ten Holdings (Based on Net Assets)</b> <b> <sup style="vertical-align:super;font-size:smaller">*</sup> </b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:400;color:rgb(0, 0, 0);width:540pt;margin-bottom:12pt;margin-left:18pt;"> <img alt="Graphical Representation - Top N Holdings Chart" src="chartimages_12169665.jpg" style="margin-left: 50pt; width: 482pt;"/> </div><div style="font-weight:400;font-family:'times new roman';font-size:9pt;line-height:10pt;color:rgb(0, 0, 0);margin-top:-4pt;margin-bottom:0px;">* Excludes money market funds or other short-term securities held for the investment of cash and cash collateral for securities loaned, if any.</div><div style="margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;text-transform:none;margin-bottom:0px;page-break-after:avoid;"> <b>Sector Allocation (Based on Net Assets)</b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:400;color:rgb(0, 0, 0);width:540pt;margin-bottom:6pt;margin-left:18pt;"> <img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_12169449.jpg" style="margin-left: 29pt; width: 437pt;"/> </div> <div style="margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;text-transform:none;margin-bottom:0px;page-break-after:avoid;"> <b>Top Ten Holdings (Based on Net Assets)</b> <b> <sup style="vertical-align:super;font-size:smaller">*</sup> </b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:400;color:rgb(0, 0, 0);width:540pt;margin-bottom:12pt;margin-left:18pt;"> <img alt="Graphical Representation - Top N Holdings Chart" src="chartimages_12169665.jpg" style="margin-left: 50pt; width: 482pt;"/> </div><div style="font-weight:400;font-family:'times new roman';font-size:9pt;line-height:10pt;color:rgb(0, 0, 0);margin-top:-4pt;margin-bottom:0px;">* Excludes money market funds or other short-term securities held for the investment of cash and cash collateral for securities loaned, if any.</div> Appreciation Portfolio Service Shares This semi-annual shareholder report contains important information about BNY Mellon Variable Investment Fund, Appreciation Portfolio (the “Fund”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line:underline;color:rgb(0, 0, 0);line-height:7.5pt;word-break:break-all;white-space:nowrap;font-weight:400;font-family:'times new roman';font-size:10pt">www.bny.com/investments/us/en/intermediary/products/variable‑products.html#funds‑table‑tabs1</span>. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com. www.bny.com/investments/us/en/intermediary/products/variable‑products.html#funds‑table‑tabs1 1-800-373-9387 info@bny.com <div style="margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:11pt;font-weight:bold;margin-bottom:2pt;"> <b>What were the Fund’s costs for the last </b> <b>six months</b> <b>?</b> </div><div style="font-weight:400;margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:10pt;line-height:11pt;margin-bottom:3pt;">(based on a hypothetical $10,000 investment)</div><table style="width:100%;border-collapse:collapse;page-break-inside:avoid;break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(0, 72, 94);border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 10pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); vertical-align: top; text-align: left; width: 25%;">Share Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 10pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); vertical-align: top; text-align: center; width: 30%;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 10pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); vertical-align: top; text-align: center; width: 40%;">Costs paid as a percentage of a $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial;background-color:rgb(227, 235, 237);height:19pt"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 6pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: left; text-indent: -6pt;">Service Shares</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; line-height: 9pt; text-align: center; vertical-align: top;"><span style="float:none">$</span>56</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; line-height: 9pt; text-align: center; vertical-align: top;">1.12<span>%</span><span>*</span></td> </tr> </table><table style="width:100%;border-collapse:collapse;page-break-inside:avoid;break-inside:avoid;margin-bottom:22pt"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 0; font-style: normal; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 5pt; line-height: normal; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 10pt; text-align: left; vertical-align: super;">*</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 0; font-family: 'Times New Roman'; font-size: 9pt; line-height: normal; font-style: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;font-family:'times new roman';font-size:9pt;line-height:normal;font-style:normal;text-align:left;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Annualized.</div></td> </tr> </table> 56 0.0112 <div style="font-family:'times new roman';color:rgb(0, 0, 0);font-size:11pt;font-weight:bold;margin-top:0px;margin-bottom:0px;"> <b>KEY FUND STATISTICS (AS OF </b> <b>6/30/26</b> <b>)</b> </div><table style="width:100%;border-collapse:collapse;page-break-inside:avoid;break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(0, 72, 94);border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); padding-top: 1pt; padding-bottom: 10pt; padding-right: 3pt; padding-left: 3pt; width: 170pt; vertical-align: top; text-align: center;"><br/> Fund Size (Millions)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); padding-top: 1pt; padding-bottom: 10pt; padding-right: 3pt; padding-left: 3pt; width: 170pt; vertical-align: top; text-align: center;"><br/> Number of Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); padding-top: 1pt; padding-bottom: 10pt; padding-right: 3pt; padding-left: 3pt; width: 170pt; vertical-align: top; text-align: center;"><br/> Portfolio Turnover</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial;background-color:rgb(227, 235, 237);height:19pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-right: 3pt; padding-left: 3pt; padding-top: 1pt; width: 170pt; font-family: 'Times New Roman'; font-weight: normal; font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: center; color: rgb(0, 0, 0); padding-bottom: 1pt; border-left-color: initial; border-left-style: none; border-left-width: initial;"><span style="float:none">$</span>186</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-right: 3pt; padding-left: 3pt; padding-top: 1pt; width: 170pt; font-family: 'Times New Roman'; font-weight: normal; font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: center; color: rgb(0, 0, 0); padding-bottom: 1pt; border-left-color: initial; border-left-style: none; border-left-width: initial;">43</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-right: 3pt; padding-left: 3pt; padding-top: 1pt; white-space: nowrap; width: 170pt; font-family: 'Times New Roman'; font-weight: normal; font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: center; color: rgb(0, 0, 0); padding-bottom: 1pt; border-left-color: initial; border-left-style: none; border-left-width: initial;">4.02<span>%</span></td> </tr> </table> 186000000 43 0.0402 <div style="margin-top:0px;text-transform:uppercase;margin-bottom:3pt;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;"> <b>Portfolio Holdings (as of </b> <b>6/30/26</b> <b>)</b> </div><div style="margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;text-transform:none;margin-bottom:0px;page-break-after:avoid;"> <b>Top Ten Holdings (Based on Net Assets)</b> <b> <sup style="vertical-align:super;font-size:smaller">*</sup> </b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:400;color:rgb(0, 0, 0);width:540pt;margin-bottom:12pt;margin-left:18pt;"> <img alt="Graphical Representation - Top N Holdings Chart" src="chartimages_12169666.jpg" style="margin-left: 50pt; width: 482pt;"/> </div><div style="font-weight:400;font-family:'times new roman';font-size:9pt;line-height:10pt;color:rgb(0, 0, 0);margin-top:-4pt;margin-bottom:0px;">* Excludes money market funds or other short-term securities held for the investment of cash and cash collateral for securities loaned, if any.</div><div style="margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;text-transform:none;margin-bottom:0px;page-break-after:avoid;"> <b>Sector Allocation (Based on Net Assets)</b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:400;color:rgb(0, 0, 0);width:540pt;margin-bottom:6pt;margin-left:18pt;"> <img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_12169447.jpg" style="margin-left: 29pt; width: 437pt;"/> </div> <div style="margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;text-transform:none;margin-bottom:0px;page-break-after:avoid;"> <b>Top Ten Holdings (Based on Net Assets)</b> <b> <sup style="vertical-align:super;font-size:smaller">*</sup> </b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:400;color:rgb(0, 0, 0);width:540pt;margin-bottom:12pt;margin-left:18pt;"> <img alt="Graphical Representation - Top N Holdings Chart" src="chartimages_12169666.jpg" style="margin-left: 50pt; width: 482pt;"/> </div><div style="font-weight:400;font-family:'times new roman';font-size:9pt;line-height:10pt;color:rgb(0, 0, 0);margin-top:-4pt;margin-bottom:0px;">* Excludes money market funds or other short-term securities held for the investment of cash and cash collateral for securities loaned, if any.</div> Government Money Market Portfolio Government Money Market Portfolio This semi-annual shareholder report contains important information about BNY Mellon Variable Investment Fund, Government Money Market Portfolio (the “Fund”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line:underline;color:rgb(0, 0, 0);line-height:7.5pt;word-break:break-all;white-space:nowrap;font-weight:400;font-family:'times new roman';font-size:10pt">www.bny.com/investments/us/en/intermediary/products/variable‑products.html#funds‑table‑tabs1</span>. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com. www.bny.com/investments/us/en/intermediary/products/variable‑products.html#funds‑table‑tabs1 1-800-373-9387 info@bny.com <div style="margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:11pt;font-weight:bold;margin-bottom:2pt;"> <b>What were the Fund’s costs for the last </b> <b>six months</b> <b>?</b> </div><div style="font-weight:400;margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:10pt;line-height:11pt;margin-bottom:3pt;">(based on a hypothetical $10,000 investment)</div><table style="width:100%;border-collapse:collapse;page-break-inside:avoid;break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(0, 72, 94);border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 10pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); vertical-align: top; text-align: left; width: 25%;">Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 10pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); vertical-align: top; text-align: center; width: 30%;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 10pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); vertical-align: top; text-align: center; width: 40%;">Costs paid as a percentage of a $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial;background-color:rgb(227, 235, 237);height:19pt"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 6pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: left; text-indent: -6pt;">Government Money Market <span style="white-space:nowrap">Portfolio<sup style="vertical-align:super;font-size:5pt">*</sup></span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; line-height: 9pt; text-align: center; vertical-align: top;"><span style="float:none">$</span>18</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; line-height: 9pt; text-align: center; vertical-align: top;">0.36<span>%</span><sup style="vertical-align:super;font-size:5pt">**</sup></td> </tr> </table><table style="width:100%;border-collapse:collapse;page-break-inside:avoid;break-inside:avoid;margin-bottom:22pt"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 0; font-style: normal; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 5pt; line-height: normal; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 10pt; text-align: left; vertical-align: super;">*</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 0; font-family: 'Times New Roman'; font-size: 9pt; line-height: normal; font-style: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;font-family:'times new roman';font-size:9pt;line-height:normal;font-style:normal;text-align:left;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 0; font-style: normal; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 5pt; line-height: normal; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 10pt; text-align: left; vertical-align: super;">**</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 0; font-family: 'Times New Roman'; font-size: 9pt; line-height: normal; font-style: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;font-family:'times new roman';font-size:9pt;line-height:normal;font-style:normal;text-align:left;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Annualized.</div></td> </tr> </table> 18 0.0036 <div style="font-family:'times new roman';color:rgb(0, 0, 0);font-size:11pt;font-weight:bold;margin-top:0px;margin-bottom:0px;"> <b>KEY FUND STATISTICS (AS OF </b> <b>6/30/26</b> <b>)</b> </div><table style="width:100%;border-collapse:collapse;page-break-inside:avoid;break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(0, 72, 94);border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); padding-top: 1pt; padding-bottom: 10pt; padding-right: 3pt; padding-left: 3pt; width: 170pt; vertical-align: top; text-align: center;"><br/> Fund Size (Millions)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); padding-top: 1pt; padding-bottom: 10pt; padding-right: 3pt; padding-left: 3pt; width: 170pt; vertical-align: top; text-align: center;"><br/> Number of Holdings</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial;background-color:rgb(227, 235, 237);height:19pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-right: 3pt; padding-left: 3pt; padding-top: 1pt; width: 170pt; font-family: 'Times New Roman'; font-weight: normal; font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: center; color: rgb(0, 0, 0); padding-bottom: 1pt; border-left-color: initial; border-left-style: none; border-left-width: initial;"><span style="float:none">$</span>315</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-right: 3pt; padding-left: 3pt; padding-top: 1pt; width: 170pt; font-family: 'Times New Roman'; font-weight: normal; font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: center; color: rgb(0, 0, 0); padding-bottom: 1pt; border-left-color: initial; border-left-style: none; border-left-width: initial;">96</td> </tr> </table> 315000000 96 <div style="margin-top:0px;text-transform:uppercase;margin-bottom:3pt;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;"> <b>Portfolio Holdings (as of </b> <b>6/30/26</b> <b>)</b> </div><div style="margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;text-transform:none;margin-bottom:0px;page-break-after:avoid;"> <b>Allocation of Holdings (Based on Net Assets)</b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:400;color:rgb(0, 0, 0);width:540pt;margin-bottom:12pt;margin-left:18pt;"> <img alt="Graphical Representation - Top N Holdings Chart" src="chartimages_12169667.jpg" style="margin-left: 50pt; width: 437pt;"/> </div> Growth and Income Portfolio Initial Shares This semi-annual shareholder report contains important information about BNY Mellon Variable Investment Fund, Growth and Income Portfolio (the “Fund”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line:underline;color:rgb(0, 0, 0);line-height:7.5pt;word-break:break-all;white-space:nowrap;font-weight:400;font-family:'times new roman';font-size:10pt">www.bny.com/investments/us/en/intermediary/products/variable‑products.html#funds‑table‑tabs1</span>. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com. www.bny.com/investments/us/en/intermediary/products/variable‑products.html#funds‑table‑tabs1 1-800-373-9387 info@bny.com <div style="margin-top:0px;line-height:inherit;font-family:'times new roman';color:rgb(0, 0, 0);font-size:11pt;font-weight:bold;margin-bottom:2pt;"> <b>What were the Fund’s costs for the last </b> <b>six months</b> <b>?</b> </div><div style="font-weight:400;margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:10pt;line-height:11pt;margin-bottom:3pt;">(based on a hypothetical $10,000 investment)</div><table style="width:100%;border-collapse:collapse;page-break-inside:avoid;break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(0, 72, 94);border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 10pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); vertical-align: top; text-align: left; width: 25%;">Share Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 10pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); vertical-align: top; text-align: center; width: 30%;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 10pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); vertical-align: top; text-align: center; width: 40%;">Costs paid as a percentage of a $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial;background-color:rgb(227, 235, 237);height:19pt"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 6pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: left; text-indent: -6pt;">Initial <span style="white-space:nowrap">Shares<sup style="vertical-align:super;font-size:5pt">*</sup></span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; line-height: 9pt; text-align: center; vertical-align: top;"><span style="float:none">$</span>36</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; line-height: 9pt; text-align: center; vertical-align: top;">0.70<span>%</span><sup style="vertical-align:super;font-size:5pt">**</sup></td> </tr> </table><table style="width:100%;border-collapse:collapse;page-break-inside:avoid;break-inside:avoid;margin-bottom:10pt"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 0; font-style: normal; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 5pt; line-height: normal; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 10pt; text-align: left; vertical-align: super;">*</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 0; font-family: 'Times New Roman'; font-size: 9pt; line-height: normal; font-style: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;font-family:'times new roman';font-size:9pt;line-height:normal;font-style:normal;text-align:left;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 0; font-style: normal; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 5pt; line-height: normal; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 10pt; text-align: left; vertical-align: super;">**</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 0; font-family: 'Times New Roman'; font-size: 9pt; line-height: normal; font-style: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;font-family:'times new roman';font-size:9pt;line-height:normal;font-style:normal;text-align:left;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Annualized.</div></td> </tr> </table> 36 0.0070 <div style="line-height:inherit;font-family:'times new roman';color:rgb(0, 0, 0);font-size:11pt;font-weight:bold;margin-top:0px;margin-bottom:0px;"> <b>KEY FUND STATISTICS (AS OF </b> <b>6/30/26</b> <b>)</b> </div><table style="width:100%;border-collapse:collapse;page-break-inside:avoid;break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(0, 72, 94);border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); padding-top: 1pt; padding-bottom: 10pt; padding-right: 3pt; padding-left: 3pt; width: 170pt; vertical-align: top; text-align: center;"><br/> Fund Size (Millions)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); padding-top: 1pt; padding-bottom: 10pt; padding-right: 3pt; padding-left: 3pt; width: 170pt; vertical-align: top; text-align: center;"><br/> Number of Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); padding-top: 1pt; padding-bottom: 10pt; padding-right: 3pt; padding-left: 3pt; width: 170pt; vertical-align: top; text-align: center;"><br/> Portfolio Turnover</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial;background-color:rgb(227, 235, 237);height:19pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-right: 3pt; padding-left: 3pt; padding-top: 1pt; width: 170pt; font-family: 'Times New Roman'; font-weight: normal; font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: center; color: rgb(0, 0, 0); padding-bottom: 1pt; border-left-color: initial; border-left-style: none; border-left-width: initial;"><span style="float:none">$</span>115</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-right: 3pt; padding-left: 3pt; padding-top: 1pt; width: 170pt; font-family: 'Times New Roman'; font-weight: normal; font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: center; color: rgb(0, 0, 0); padding-bottom: 1pt; border-left-color: initial; border-left-style: none; border-left-width: initial;">124</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-right: 3pt; padding-left: 3pt; padding-top: 1pt; white-space: nowrap; width: 170pt; font-family: 'Times New Roman'; font-weight: normal; font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: center; color: rgb(0, 0, 0); padding-bottom: 1pt; border-left-color: initial; border-left-style: none; border-left-width: initial;">45.97<span>%</span></td> </tr> </table> 115000000 124 0.4597 <div style="margin-top:0px;line-height:inherit;text-transform:uppercase;margin-bottom:3pt;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;"> <b>Portfolio Holdings (as of </b> <b>6/30/26</b> <b>)</b> </div><div style="margin-top:0px;line-height:inherit;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;text-transform:none;margin-bottom:0px;page-break-after:avoid;"> <b>Top Ten Holdings (Based on Net Assets)</b> <b> <sup style="vertical-align:super;font-size:smaller">*</sup> </b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:400;color:rgb(0, 0, 0);width:540pt;margin-left:18pt;margin-bottom:8pt;"> <img alt="Graphical Representation - Top N Holdings Chart" src="chartimages_12169663.jpg" style="margin-left: 50pt; width: 482pt;"/> </div><div style="font-weight:400;font-family:'times new roman';font-size:9pt;line-height:10pt;color:rgb(0, 0, 0);margin-top:-4pt;margin-bottom:0px;">* Excludes money market funds or other short-term securities held for the investment of cash and cash collateral for securities loaned, if any.</div><div style="margin-top:0px;line-height:inherit;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;text-transform:none;margin-bottom:0px;page-break-after:avoid;"> <b>Sector Allocation (Based on Net Assets)</b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:400;color:rgb(0, 0, 0);width:540pt;margin-bottom:6pt;margin-left:18pt;"> <img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_12169446.jpg" style="margin-left: 29pt; width: 437pt;"/> </div> <div style="margin-top:0px;line-height:inherit;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;text-transform:none;margin-bottom:0px;page-break-after:avoid;"> <b>Top Ten Holdings (Based on Net Assets)</b> <b> <sup style="vertical-align:super;font-size:smaller">*</sup> </b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:400;color:rgb(0, 0, 0);width:540pt;margin-left:18pt;margin-bottom:8pt;"> <img alt="Graphical Representation - Top N Holdings Chart" src="chartimages_12169663.jpg" style="margin-left: 50pt; width: 482pt;"/> </div><div style="font-weight:400;font-family:'times new roman';font-size:9pt;line-height:10pt;color:rgb(0, 0, 0);margin-top:-4pt;margin-bottom:0px;">* Excludes money market funds or other short-term securities held for the investment of cash and cash collateral for securities loaned, if any.</div> Growth and Income Portfolio Service Shares This semi-annual shareholder report contains important information about BNY Mellon Variable Investment Fund, Growth and Income Portfolio (the “Fund”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line:underline;color:rgb(0, 0, 0);line-height:7.5pt;word-break:break-all;white-space:nowrap;font-weight:400;font-family:'times new roman';font-size:10pt">www.bny.com/investments/us/en/intermediary/products/variable‑products.html#funds‑table‑tabs1</span>. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com. www.bny.com/investments/us/en/intermediary/products/variable‑products.html#funds‑table‑tabs1 1-800-373-9387 info@bny.com <div style="margin-top:0px;line-height:inherit;font-family:'times new roman';color:rgb(0, 0, 0);font-size:11pt;font-weight:bold;margin-bottom:2pt;"> <b>What were the Fund’s costs for the last </b> <b>six months</b> <b>?</b> </div><div style="font-weight:400;margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:10pt;line-height:11pt;margin-bottom:3pt;">(based on a hypothetical $10,000 investment)</div><table style="width:100%;border-collapse:collapse;page-break-inside:avoid;break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(0, 72, 94);border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 10pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); vertical-align: top; text-align: left; width: 25%;">Share Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 10pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); vertical-align: top; text-align: center; width: 30%;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 10pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); vertical-align: top; text-align: center; width: 40%;">Costs paid as a percentage of a $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial;background-color:rgb(227, 235, 237);height:19pt"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 6pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: left; text-indent: -6pt;">Service <span style="white-space:nowrap">Shares<sup style="vertical-align:super;font-size:5pt">*</sup></span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; line-height: 9pt; text-align: center; vertical-align: top;"><span style="float:none">$</span>49</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; line-height: 9pt; text-align: center; vertical-align: top;">0.95<span>%</span><sup style="vertical-align:super;font-size:5pt">**</sup></td> </tr> </table><table style="width:100%;border-collapse:collapse;page-break-inside:avoid;break-inside:avoid;margin-bottom:10pt"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 0; font-style: normal; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 5pt; line-height: normal; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 10pt; text-align: left; vertical-align: super;">*</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 0; font-family: 'Times New Roman'; font-size: 9pt; line-height: normal; font-style: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;font-family:'times new roman';font-size:9pt;line-height:normal;font-style:normal;text-align:left;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 0; font-style: normal; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 5pt; line-height: normal; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 10pt; text-align: left; vertical-align: super;">**</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 0; font-family: 'Times New Roman'; font-size: 9pt; line-height: normal; font-style: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;font-family:'times new roman';font-size:9pt;line-height:normal;font-style:normal;text-align:left;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Annualized.</div></td> </tr> </table> 49 0.0095 <div style="line-height:inherit;font-family:'times new roman';color:rgb(0, 0, 0);font-size:11pt;font-weight:bold;margin-top:0px;margin-bottom:0px;"> <b>KEY FUND STATISTICS (AS OF </b> <b>6/30/26</b> <b>)</b> </div><table style="width:100%;border-collapse:collapse;page-break-inside:avoid;break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(0, 72, 94);border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); padding-top: 1pt; padding-bottom: 10pt; padding-right: 3pt; padding-left: 3pt; width: 170pt; vertical-align: top; text-align: center;"><br/> Fund Size (Millions)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); padding-top: 1pt; padding-bottom: 10pt; padding-right: 3pt; padding-left: 3pt; width: 170pt; vertical-align: top; text-align: center;"><br/> Number of Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); padding-top: 1pt; padding-bottom: 10pt; padding-right: 3pt; padding-left: 3pt; width: 170pt; vertical-align: top; text-align: center;"><br/> Portfolio Turnover</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial;background-color:rgb(227, 235, 237);height:19pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-right: 3pt; padding-left: 3pt; padding-top: 1pt; width: 170pt; font-family: 'Times New Roman'; font-weight: normal; font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: center; color: rgb(0, 0, 0); padding-bottom: 1pt; border-left-color: initial; border-left-style: none; border-left-width: initial;"><span style="float:none">$</span>115</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-right: 3pt; padding-left: 3pt; padding-top: 1pt; width: 170pt; font-family: 'Times New Roman'; font-weight: normal; font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: center; color: rgb(0, 0, 0); padding-bottom: 1pt; border-left-color: initial; border-left-style: none; border-left-width: initial;">124</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-right: 3pt; padding-left: 3pt; padding-top: 1pt; white-space: nowrap; width: 170pt; font-family: 'Times New Roman'; font-weight: normal; font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: center; color: rgb(0, 0, 0); padding-bottom: 1pt; border-left-color: initial; border-left-style: none; border-left-width: initial;">45.97<span>%</span></td> </tr> </table> 115000000 124 0.4597 <div style="margin-top:0px;line-height:inherit;text-transform:uppercase;margin-bottom:3pt;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;"> <b>Portfolio Holdings (as of </b> <b>6/30/26</b> <b>)</b> </div><div style="margin-top:0px;line-height:inherit;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;text-transform:none;margin-bottom:0px;page-break-after:avoid;"> <b>Top Ten Holdings (Based on Net Assets)</b> <b> <sup style="vertical-align:super;font-size:smaller">*</sup> </b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:400;color:rgb(0, 0, 0);width:540pt;margin-left:18pt;margin-bottom:8pt;"> <img alt="Graphical Representation - Top N Holdings Chart" src="chartimages_12169662.jpg" style="margin-left: 50pt; width: 482pt;"/> </div><div style="font-weight:400;font-family:'times new roman';font-size:9pt;line-height:10pt;color:rgb(0, 0, 0);margin-top:-4pt;margin-bottom:0px;">* Excludes money market funds or other short-term securities held for the investment of cash and cash collateral for securities loaned, if any.</div><div style="margin-top:0px;line-height:inherit;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;text-transform:none;margin-bottom:0px;page-break-after:avoid;"> <b>Sector Allocation (Based on Net Assets)</b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:400;color:rgb(0, 0, 0);width:540pt;margin-bottom:6pt;margin-left:18pt;"> <img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_12169444.jpg" style="margin-left: 29pt; width: 437pt;"/> </div> <div style="margin-top:0px;line-height:inherit;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;text-transform:none;margin-bottom:0px;page-break-after:avoid;"> <b>Top Ten Holdings (Based on Net Assets)</b> <b> <sup style="vertical-align:super;font-size:smaller">*</sup> </b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:400;color:rgb(0, 0, 0);width:540pt;margin-left:18pt;margin-bottom:8pt;"> <img alt="Graphical Representation - Top N Holdings Chart" src="chartimages_12169662.jpg" style="margin-left: 50pt; width: 482pt;"/> </div><div style="font-weight:400;font-family:'times new roman';font-size:9pt;line-height:10pt;color:rgb(0, 0, 0);margin-top:-4pt;margin-bottom:0px;">* Excludes money market funds or other short-term securities held for the investment of cash and cash collateral for securities loaned, if any.</div> Small Cap Portfolio Initial Shares This semi-annual shareholder report contains important information about BNY Mellon Variable Investment Fund, Small Cap Portfolio (the “Fund”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line:underline;color:rgb(0, 0, 0);line-height:7.5pt;word-break:break-all;white-space:nowrap;font-weight:400;font-family:'times new roman';font-size:10pt">www.bny.com/investments/us/en/intermediary/products/variable‑products.html#funds‑table‑tabs1</span>. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com. www.bny.com/investments/us/en/intermediary/products/variable‑products.html#funds‑table‑tabs1 1-800-373-9387 info@bny.com <div style="font-weight:400;margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:10pt;line-height:11pt;margin-bottom:8pt;"> <b>This report describes changes to the Fund that occurred during the reporting period.</b> </div> <div style="margin-top:0px;line-height:inherit;font-family:'times new roman';color:rgb(0, 0, 0);font-size:11pt;font-weight:bold;margin-bottom:2pt;"> <b>What were the Fund’s costs for the last </b> <b>six months</b> <b>?</b> </div><div style="font-weight:400;margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:10pt;line-height:11pt;margin-bottom:3pt;">(based on a hypothetical $10,000 investment)</div><table style="width:100%;border-collapse:collapse;page-break-inside:avoid;break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(0, 72, 94);border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 10pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); vertical-align: top; text-align: left; width: 25%;">Share Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 10pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); vertical-align: top; text-align: center; width: 30%;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 10pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); vertical-align: top; text-align: center; width: 40%;">Costs paid as a percentage of a $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial;background-color:rgb(227, 235, 237);height:19pt"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 6pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: left; text-indent: -6pt;">Initial <span style="white-space:nowrap">Shares<sup style="vertical-align:super;font-size:5pt">*</sup></span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; line-height: 9pt; text-align: center; vertical-align: top;"><span style="float:none">$</span>42</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; line-height: 9pt; text-align: center; vertical-align: top;">0.76<span>%</span><sup style="vertical-align:super;font-size:5pt">**</sup></td> </tr> </table><table style="width:100%;border-collapse:collapse;page-break-inside:avoid;break-inside:avoid;margin-bottom:10pt"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 0; font-style: normal; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 5pt; line-height: normal; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 10pt; text-align: left; vertical-align: super;">*</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 0; font-family: 'Times New Roman'; font-size: 9pt; line-height: normal; font-style: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;font-family:'times new roman';font-size:9pt;line-height:normal;font-style:normal;text-align:left;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 0; font-style: normal; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 5pt; line-height: normal; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 10pt; text-align: left; vertical-align: super;">**</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 0; font-family: 'Times New Roman'; font-size: 9pt; line-height: normal; font-style: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;font-family:'times new roman';font-size:9pt;line-height:normal;font-style:normal;text-align:left;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Annualized.</div></td> </tr> </table> 42 0.0076 <div style="line-height:inherit;font-family:'times new roman';color:rgb(0, 0, 0);font-size:11pt;font-weight:bold;margin-top:0px;margin-bottom:0px;"> <b>KEY FUND STATISTICS (AS OF </b> <b>6/30/26</b> <b>)</b> </div><table style="width:100%;border-collapse:collapse;page-break-inside:avoid;break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(0, 72, 94);border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); padding-top: 1pt; padding-bottom: 10pt; padding-right: 3pt; padding-left: 3pt; width: 170pt; vertical-align: top; text-align: center;"><br/> Fund Size (Millions)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); padding-top: 1pt; padding-bottom: 10pt; padding-right: 3pt; padding-left: 3pt; width: 170pt; vertical-align: top; text-align: center;"><br/> Number of Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); padding-top: 1pt; padding-bottom: 10pt; padding-right: 3pt; padding-left: 3pt; width: 170pt; vertical-align: top; text-align: center;"><br/> Portfolio Turnover</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial;background-color:rgb(227, 235, 237);height:19pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-right: 3pt; padding-left: 3pt; padding-top: 1pt; width: 170pt; font-family: 'Times New Roman'; font-weight: normal; font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: center; color: rgb(0, 0, 0); padding-bottom: 1pt; border-left-color: initial; border-left-style: none; border-left-width: initial;"><span style="float:none">$</span>370</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-right: 3pt; padding-left: 3pt; padding-top: 1pt; width: 170pt; font-family: 'Times New Roman'; font-weight: normal; font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: center; color: rgb(0, 0, 0); padding-bottom: 1pt; border-left-color: initial; border-left-style: none; border-left-width: initial;">103</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-right: 3pt; padding-left: 3pt; padding-top: 1pt; white-space: nowrap; width: 170pt; font-family: 'Times New Roman'; font-weight: normal; font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: center; color: rgb(0, 0, 0); padding-bottom: 1pt; border-left-color: initial; border-left-style: none; border-left-width: initial;">51.60<span>%</span></td> </tr> </table> 370000000 103 0.5160 <div style="margin-top:0px;line-height:inherit;text-transform:uppercase;margin-bottom:3pt;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;"> <b>Portfolio Holdings (as of </b> <b>6/30/26</b> <b>)</b> </div><div style="margin-top:0px;line-height:inherit;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;text-transform:none;margin-bottom:0px;page-break-after:avoid;"> <b>Top Ten Holdings (Based on Net Assets)</b> <b> <sup style="vertical-align:super;font-size:smaller">*</sup> </b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:400;color:rgb(0, 0, 0);width:540pt;margin-left:18pt;margin-bottom:8pt;"> <img alt="Graphical Representation - Top N Holdings Chart" src="chartimages_12169664.jpg" style="margin-left: 50pt; width: 482pt;"/> </div><div style="font-weight:400;font-family:'times new roman';font-size:9pt;line-height:10pt;color:rgb(0, 0, 0);margin-top:-4pt;margin-bottom:0px;">* Excludes money market funds or other short-term securities held for the investment of cash and cash collateral for securities loaned, if any.</div><div style="margin-top:0px;line-height:inherit;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;text-transform:none;margin-bottom:0px;page-break-after:avoid;"> <b>Sector Allocation (Based on Net Assets)</b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:400;color:rgb(0, 0, 0);width:540pt;margin-bottom:6pt;margin-left:18pt;"> <img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_12169445.jpg" style="margin-left: 29pt; width: 437pt;"/> </div> <div style="margin-top:0px;line-height:inherit;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;text-transform:none;margin-bottom:0px;page-break-after:avoid;"> <b>Top Ten Holdings (Based on Net Assets)</b> <b> <sup style="vertical-align:super;font-size:smaller">*</sup> </b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:400;color:rgb(0, 0, 0);width:540pt;margin-left:18pt;margin-bottom:8pt;"> <img alt="Graphical Representation - Top N Holdings Chart" src="chartimages_12169664.jpg" style="margin-left: 50pt; width: 482pt;"/> </div><div style="font-weight:400;font-family:'times new roman';font-size:9pt;line-height:10pt;color:rgb(0, 0, 0);margin-top:-4pt;margin-bottom:0px;">* Excludes money market funds or other short-term securities held for the investment of cash and cash collateral for securities loaned, if any.</div> <div style="font-family:'times new roman';font-size:9pt;font-weight:400;color:rgb(0, 0, 0);width:540pt;margin-left:18pt;margin-bottom:5pt;"> <div style="font-family:'times new roman';font-size:9pt;font-weight:400;color:rgb(0, 0, 0);break-inside:avoid;"> <div style="line-height:inherit;font-family:'times new roman';color:rgb(0, 0, 0);font-size:11pt;font-weight:bold;margin-bottom:4pt;margin-top:0px;"> <b>How has the Fund changed?</b> </div> </div> <ul style="padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; margin-top: 0; margin-right: 0; margin-bottom: 0; margin-left: 0; counter-reset: numberedlisting 0 letteringlisting 0 letteredhead 0 lcrmnhead 0 ucletteredhead 0 ucrmnhead 0; break-inside: avoid;"> <li style="font-weight: 400; padding-left: 3pt; margin-left: 7pt; list-style-type: disc; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt; line-height: 11pt; margin-bottom: 3pt;"> <div style="font-weight:400;margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:10pt;line-height:11pt;margin-bottom:5pt;">BNY Mellon Investment Adviser, Inc. (the “Adviser”), had agreed, from January 1, 2026 through April 30, 2026, to waive receipt of a portion of the Fund’s management fee in the amount of .10% of the value of the Fund’s average daily net assets. Effective April 30, 2026, the Adviser terminated this waiver agreement.</div> </li> </ul> </div><div style="font-weight:400;margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:10pt;line-height:11pt;margin-bottom:6pt;"> <b>This is a summary of certain changes to the Fund since </b> <b>January 1, 2026</b> <b>. For more complete information, you may review the Fund’s </b> <b>next prospectus, which we expect to be available by </b> <b>May 1, 2026</b> <b> at </b> <span style="text-decoration-line:underline;color:rgb(0, 0, 0);line-height:8.5pt;word-break:break-all;white-space:nowrap;font-weight:bold;font-family:'times new roman';font-size:10pt">www.bny.com/investments/us/en/intermediary/products/variable‑products.html#funds‑table‑tabs1</span> <b> or upon request at 1-800-373-9387.</b> </div> BNY Mellon Investment Adviser, Inc. (the “Adviser”), had agreed, from January 1, 2026 through April 30, 2026, to waive receipt of a portion of the Fund’s management fee in the amount of .10% of the value of the Fund’s average daily net assets. Effective April 30, 2026, the Adviser terminated this waiver agreement. 2026-01-01 <div style="font-weight:400;margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:10pt;line-height:11pt;margin-bottom:6pt;"> <b>This is a summary of certain changes to the Fund since </b> <b>January 1, 2026</b> <b>. For more complete information, you may review the Fund’s </b> <b>next prospectus, which we expect to be available by </b> <b>May 1, 2026</b> <b> at </b> <span style="text-decoration-line:underline;color:rgb(0, 0, 0);line-height:8.5pt;word-break:break-all;white-space:nowrap;font-weight:bold;font-family:'times new roman';font-size:10pt">www.bny.com/investments/us/en/intermediary/products/variable‑products.html#funds‑table‑tabs1</span> <b> or upon request at 1-800-373-9387.</b> </div> www.bny.com/investments/us/en/intermediary/products/variable‑products.html#funds‑table‑tabs1 1-800-373-9387 Small Cap Portfolio Service Shares This semi-annual shareholder report contains important information about BNY Mellon Variable Investment Fund, Small Cap Portfolio (the “Fund”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line:underline;color:rgb(0, 0, 0);line-height:7.5pt;word-break:break-all;white-space:nowrap;font-weight:400;font-family:'times new roman';font-size:10pt">www.bny.com/investments/us/en/intermediary/products/variable‑products.html#funds‑table‑tabs1</span>. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com. www.bny.com/investments/us/en/intermediary/products/variable‑products.html#funds‑table‑tabs1 1-800-373-9387 info@bny.com <div style="font-weight:400;margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:10pt;line-height:11pt;margin-bottom:8pt;"> <b>This report describes changes to the Fund that occurred during the reporting period.</b> </div> <div style="margin-top:0px;line-height:inherit;font-family:'times new roman';color:rgb(0, 0, 0);font-size:11pt;font-weight:bold;margin-bottom:2pt;"> <b>What were the Fund’s costs for the last </b> <b>six months</b> <b>?</b> </div><div style="font-weight:400;margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:10pt;line-height:11pt;margin-bottom:3pt;">(based on a hypothetical $10,000 investment)</div><table style="width:100%;border-collapse:collapse;page-break-inside:avoid;break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(0, 72, 94);border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 10pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); vertical-align: top; text-align: left; width: 25%;">Share Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 10pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); vertical-align: top; text-align: center; width: 30%;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 10pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); vertical-align: top; text-align: center; width: 40%;">Costs paid as a percentage of a $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial;background-color:rgb(227, 235, 237);height:19pt"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 6pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: left; text-indent: -6pt;">Service <span style="white-space:nowrap">Shares<sup style="vertical-align:super;font-size:5pt">*</sup></span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; line-height: 9pt; text-align: center; vertical-align: top;"><span style="float:none">$</span>56</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; line-height: 9pt; text-align: center; vertical-align: top;">1.01<span>%</span><sup style="vertical-align:super;font-size:5pt">**</sup></td> </tr> </table><table style="width:100%;border-collapse:collapse;page-break-inside:avoid;break-inside:avoid;margin-bottom:10pt"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 0; font-style: normal; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 5pt; line-height: normal; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 10pt; text-align: left; vertical-align: super;">*</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 0; font-family: 'Times New Roman'; font-size: 9pt; line-height: normal; font-style: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;font-family:'times new roman';font-size:9pt;line-height:normal;font-style:normal;text-align:left;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 0; font-style: normal; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 5pt; line-height: normal; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 10pt; text-align: left; vertical-align: super;">**</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 0; font-family: 'Times New Roman'; font-size: 9pt; line-height: normal; font-style: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;"> <div style="font-weight:400;margin-top:0px;font-family:'times new roman';font-size:9pt;line-height:normal;font-style:normal;text-align:left;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Annualized.</div></td> </tr> </table> 56 0.0101 <div style="line-height:inherit;font-family:'times new roman';color:rgb(0, 0, 0);font-size:11pt;font-weight:bold;margin-top:0px;margin-bottom:0px;"> <b>KEY FUND STATISTICS (AS OF </b> <b>6/30/26</b> <b>)</b> </div><table style="width:100%;border-collapse:collapse;page-break-inside:avoid;break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;background-color:rgb(0, 72, 94);border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); padding-top: 1pt; padding-bottom: 10pt; padding-right: 3pt; padding-left: 3pt; width: 170pt; vertical-align: top; text-align: center;"><br/> Fund Size (Millions)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); padding-top: 1pt; padding-bottom: 10pt; padding-right: 3pt; padding-left: 3pt; width: 170pt; vertical-align: top; text-align: center;"><br/> Number of Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; line-height: 9pt; font-weight: bold; color: rgb(255, 255, 255); padding-top: 1pt; padding-bottom: 10pt; padding-right: 3pt; padding-left: 3pt; width: 170pt; vertical-align: top; text-align: center;"><br/> Portfolio Turnover</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial;background-color:rgb(227, 235, 237);height:19pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-right: 3pt; padding-left: 3pt; padding-top: 1pt; width: 170pt; font-family: 'Times New Roman'; font-weight: normal; font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: center; color: rgb(0, 0, 0); padding-bottom: 1pt; border-left-color: initial; border-left-style: none; border-left-width: initial;"><span style="float:none">$</span>370</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-right: 3pt; padding-left: 3pt; padding-top: 1pt; width: 170pt; font-family: 'Times New Roman'; font-weight: normal; font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: center; color: rgb(0, 0, 0); padding-bottom: 1pt; border-left-color: initial; border-left-style: none; border-left-width: initial;">103</td> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-right: 3pt; padding-left: 3pt; padding-top: 1pt; white-space: nowrap; width: 170pt; font-family: 'Times New Roman'; font-weight: normal; font-size: 9pt; line-height: 9pt; vertical-align: top; text-align: center; color: rgb(0, 0, 0); padding-bottom: 1pt; border-left-color: initial; border-left-style: none; border-left-width: initial;">51.60<span>%</span></td> </tr> </table> 370000000 103 0.5160 <div style="margin-top:0px;line-height:inherit;text-transform:uppercase;margin-bottom:3pt;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;"> <b>Portfolio Holdings (as of </b> <b>6/30/26</b> <b>)</b> </div><div style="margin-top:0px;line-height:inherit;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;text-transform:none;margin-bottom:0px;page-break-after:avoid;"> <b>Top Ten Holdings (Based on Net Assets)</b> <b> <sup style="vertical-align:super;font-size:smaller">*</sup> </b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:400;color:rgb(0, 0, 0);width:540pt;margin-left:18pt;margin-bottom:8pt;"> <img alt="Graphical Representation - Top N Holdings Chart" src="chartimages_12169661.jpg" style="margin-left: 50pt; width: 482pt;"/> </div><div style="font-weight:400;font-family:'times new roman';font-size:9pt;line-height:10pt;color:rgb(0, 0, 0);margin-top:-4pt;margin-bottom:0px;">* Excludes money market funds or other short-term securities held for the investment of cash and cash collateral for securities loaned, if any.</div><div style="margin-top:0px;line-height:inherit;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;text-transform:none;margin-bottom:0px;page-break-after:avoid;"> <b>Sector Allocation (Based on Net Assets)</b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:400;color:rgb(0, 0, 0);width:540pt;margin-bottom:6pt;margin-left:18pt;"> <img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_12169457.jpg" style="margin-left: 29pt; width: 437pt;"/> </div> <div style="margin-top:0px;line-height:inherit;font-family:'times new roman';color:rgb(0, 0, 0);font-size:9pt;font-weight:bold;letter-spacing:0px;text-transform:none;margin-bottom:0px;page-break-after:avoid;"> <b>Top Ten Holdings (Based on Net Assets)</b> <b> <sup style="vertical-align:super;font-size:smaller">*</sup> </b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:400;color:rgb(0, 0, 0);width:540pt;margin-left:18pt;margin-bottom:8pt;"> <img alt="Graphical Representation - Top N Holdings Chart" src="chartimages_12169661.jpg" style="margin-left: 50pt; width: 482pt;"/> </div><div style="font-weight:400;font-family:'times new roman';font-size:9pt;line-height:10pt;color:rgb(0, 0, 0);margin-top:-4pt;margin-bottom:0px;">* Excludes money market funds or other short-term securities held for the investment of cash and cash collateral for securities loaned, if any.</div> <div style="font-family:'times new roman';font-size:9pt;font-weight:400;color:rgb(0, 0, 0);width:540pt;margin-left:18pt;margin-bottom:5pt;"> <div style="font-family:'times new roman';font-size:9pt;font-weight:400;color:rgb(0, 0, 0);break-inside:avoid;"> <div style="line-height:inherit;font-family:'times new roman';color:rgb(0, 0, 0);font-size:11pt;font-weight:bold;margin-bottom:4pt;margin-top:0px;"> <b>How has the Fund changed?</b> </div> </div> <ul style="padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; margin-top: 0; margin-right: 0; margin-bottom: 0; margin-left: 0; counter-reset: numberedlisting 0 letteringlisting 0 letteredhead 0 lcrmnhead 0 ucletteredhead 0 ucrmnhead 0; break-inside: avoid;"> <li style="font-weight: 400; padding-left: 3pt; margin-left: 7pt; list-style-type: disc; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt; line-height: 11pt; margin-bottom: 3pt;"> <div style="font-weight:400;margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:10pt;line-height:11pt;margin-bottom:5pt;">BNY Mellon Investment Adviser, Inc. (the “Adviser”), had agreed, from January 1, 2026 through April 30, 2026, to waive receipt of a portion of the Fund’s management fee in the amount of .10% of the value of the Fund’s average daily net assets. Effective April 30, 2026, the Adviser terminated this waiver agreement.</div> </li> </ul> </div><div style="font-weight:400;margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:10pt;line-height:11pt;margin-bottom:6pt;"> <b>This is a summary of certain changes to the Fund since </b> <b>January 1, 2026</b> <b>. For more complete information, you may review the Fund’s </b> <b>next prospectus, which we expect to be available by </b> <b>May 1, 2026</b> <b> at </b> <span style="text-decoration-line:underline;color:rgb(0, 0, 0);line-height:8.5pt;word-break:break-all;white-space:nowrap;font-weight:bold;font-family:'times new roman';font-size:10pt">www.bny.com/investments/us/en/intermediary/products/variable‑products.html#funds‑table‑tabs1</span> <b> or upon request at 1-800-373-9387.</b> </div> <div style="font-weight:400;margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:10pt;line-height:11pt;margin-bottom:5pt;">BNY Mellon Investment Adviser, Inc. (the “Adviser”), had agreed, from January 1, 2026 through April 30, 2026, to waive receipt of a portion of the Fund’s management fee in the amount of .10% of the value of the Fund’s average daily net assets. Effective April 30, 2026, the Adviser terminated this waiver agreement.</div> 2026-01-01 <div style="font-weight:400;margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:10pt;line-height:11pt;margin-bottom:6pt;"> <b>This is a summary of certain changes to the Fund since </b> <b>January 1, 2026</b> <b>. For more complete information, you may review the Fund’s </b> <b>next prospectus, which we expect to be available by </b> <b>May 1, 2026</b> <b> at </b> <span style="text-decoration-line:underline;color:rgb(0, 0, 0);line-height:8.5pt;word-break:break-all;white-space:nowrap;font-weight:bold;font-family:'times new roman';font-size:10pt">www.bny.com/investments/us/en/intermediary/products/variable‑products.html#funds‑table‑tabs1</span> <b> or upon request at 1-800-373-9387.</b> </div> www.bny.com/investments/us/en/intermediary/products/variable‑products.html#funds‑table‑tabs1 1-800-373-9387 Excludes money market funds or other short-term securities held for the investment of cash and cash collateral for securities loaned, if any. Excludes money market funds or other short-term securities held for the investment of cash and cash collateral for securities loaned, if any. Excludes money market funds or other short-term securities held for the investment of cash and cash collateral for securities loaned, if any. During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher. Annualized. During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher. Annualized. Annualized. During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher. Annualized. During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher. Annualized. Excludes money market funds or other short-term securities held for the investment of cash and cash collateral for securities loaned, if any. Excludes money market funds or other short-term securities held for the investment of cash and cash collateral for securities loaned, if any. During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher. Annualized. Excludes money market funds or other short-term securities held for the investment of cash and cash collateral for securities loaned, if any. Annualized.