BNY Mellon International Equity Fund
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
 
Description
 
 
 
Shares
Value ($)
Equity Securities - Common Stocks — 96.6%
Australia — 1.2%
Suncorp Group Ltd.
302,237
4,033,337
Belgium — 1.2%
UCB SA
13,491
4,039,639
Bermuda — 1.1%
Hiscox Ltd.
153,811
3,769,236
China — .7%
Contemporary Amperex Technology Co. Ltd., Cl. A
39,100
2,273,271
Denmark — 1.3%
Novo Nordisk A/S, Cl. B
89,733
4,304,922
France — 15.7%
BNP Paribas SA
55,400
6,474,990
Cie de Saint-Gobain SA
54,044
4,892,876
Cie Generale des Etablissements Michelin SCA
125,594
4,851,159
LVMH Moet Hennessy Louis Vuitton SE
9,754
5,401,460
Orange SA
147,008
2,772,894
Publicis Groupe SA
37,468
3,703,258
Rexel SA
99,642
4,354,225
Schneider Electric SE
18,596
6,101,044
SCOR SE
74,218
2,692,918
SPIE SA
42,766
2,466,550
TotalEnergies SE
57,103
4,435,806
Veolia Environnement SA
99,856
4,159,036
 
52,306,216
Germany — 10.7%
adidas AG
15,481
3,174,079
Daimler Truck Holding AG
93,145
4,492,025
Deutsche Bank AG
139,415
4,720,458
Deutsche Telekom AG
47,395
1,291,710
E.ON SE
173,706
3,583,921
Fresenius SE & Co. KGaA
62,409
2,849,985
Heidelberg Materials AG
18,311
3,492,930
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen
4,878
2,723,094
SAP SE
29,347
4,494,279
Schaeffler AG
275,343
2,668,424
Siemens Energy AG
11,487
2,177,099
 
35,668,004
Greece — .7%
Eurobank SA
518,004
2,475,372
Hong Kong — 1.4%
AIA Group Ltd.
491,312
4,506,288
Italy — 2.2%
Enel SpA
403,654
4,637,798
Prysmian SpA
15,130
2,541,610
 
7,179,408
Japan — 23.1%
Advantest Corp.
20,300
4,126,496
East Japan Railway Co.
174,300
3,653,348
Ebara Corp.
123,100
4,827,695
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SCHEDULE OF INVESTMENTS (Unaudited) (continued)
Description
 
 
 
Shares
Value ($)
Equity Securities - Common Stocks — 96.6% (continued)
Japan — 23.1% (continued)
Fujitsu Ltd.
109,400
2,183,213
Hitachi Ltd.
110,100
3,059,629
ITOCHU Corp.
381,800
4,390,164
Japan Tobacco, Inc.
111,900
4,112,050
Komatsu Ltd.
115,100
4,505,085
Kurita Water Industries Ltd.
70,000
3,996,425
Mitsubishi Heavy Industries Ltd.
73,100
1,664,447
Mizuho Financial Group, Inc.
89,600
4,302,505
Murata Manufacturing Co. Ltd.
50,100
3,610,783
Pan Pacific International Holdings Corp.
670,000
3,419,661
Renesas Electronics Corp.
126,600
3,824,324
Santen Pharmaceutical Co. Ltd.
248,100
3,241,440
Sony Group Corp.
155,700
3,122,195
Sumitomo Mitsui Financial Group, Inc.
187,600
7,334,512
Suzuki Motor Corp.
269,600
3,245,211
Tokyo Electron Ltd.
11,400
5,512,966
Yaskawa Electric Corp.
57,900
2,548,076
 
76,680,225
Netherlands — 6.5%
ASML Holding NV
7,360
14,596,660
ING Groep NV
219,953
6,958,734
 
21,555,394
Spain — 5.7%
Banco de Sabadell SA
620,932
2,205,663
Banco Santander SA
577,214
7,985,254
Industria de Diseno Textil SA
70,071
4,416,173
Repsol SA
93,842
2,336,187
Unicaja Banco SA(a)
512,918
1,828,529
 
18,771,806
Sweden — 1.0%
Spotify Technology SA(b)
7,460
3,425,110
Switzerland — 7.9%
Glencore PLC
635,803
4,336,611
Nestle SA
77,781
7,987,648
Novartis AG
40,255
6,303,422
Roche Holding AG
10,715
4,410,535
STMicroelectronics NV
44,944
3,355,988
 
26,394,204
Taiwan — 1.5%
Taiwan Semiconductor Manufacturing Co. Ltd.
64,000
4,914,473
United Kingdom — 14.7%
AstraZeneca PLC
40,079
7,497,917
Balfour Beatty PLC
254,719
2,932,954
Barclays PLC
597,749
4,014,192
Compass Group PLC
105,529
3,409,579
Diageo PLC
64,490
1,296,236
GSK PLC
232,402
6,097,985
HSBC Holdings PLC
259,423
4,927,857
Marks & Spencer Group PLC
339,584
1,676,576
Rio Tinto PLC
21,951
2,076,184
Rolls-Royce Holdings PLC
226,031
4,339,832
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Description
 
 
 
Shares
Value ($)
Equity Securities - Common Stocks — 96.6% (continued)
United Kingdom — 14.7% (continued)
Shell PLC
105,317
4,079,380
Unilever PLC
71,163
4,271,414
United Utilities Group PLC
124,112
2,153,438
 
48,773,544
Total Equity Securities - Common Stocks
(cost $275,662,644)
321,070,449
 
 
 
Preferred
Dividend
Rate (%)
 
 
 
Equity Securities - Preferred Stocks — .6%
Germany — .6%
Volkswagen AG
(cost $3,222,062)
5.26
25,201
2,018,946
 
 
 
1-Day
Yield (%)
 
 
 
Investment Companies — 1.5%
Registered Investment Companies — 1.5%
BNY Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional
Shares(c)
(cost $4,755,767)
3.70
4,755,767
4,755,767
Total Investments (cost $283,640,473)
98.7
%
327,845,162
Cash and Receivables (Net)
1.3
%
4,468,990
Net Assets
100.0
%
332,314,152
 
(a)
Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers. At June 30, 2026, these securities amounted to $1,828,529 or .6% of net assets.
(b)
Non-income producing security.
(c)
Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company’s
prospectus.
See notes to schedule of investments.
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Schedule of Investments
BNY Mellon International Equity Fund
June 30, 2026 (Unaudited)
The following is a summary of the inputs used as of June 30, 2026 in valuing the fund’s investments: 
 
Level 1 -
Unadjusted
Quoted Prices
Level 2- Other
Significant
Observable Inputs
Level 3-
Significant
Unobservable
Inputs
Total
Assets ($)
Investments in Securities:†
Equity Securities - Common Stocks
3,425,110
317,645,339††
—
321,070,449
Equity Securities - Preferred Stocks
—
2,018,946††
—
2,018,946
Investment Companies
4,755,767
—
—
4,755,767
 
8,180,877
319,664,285
—
327,845,162
 
†
See Schedule of Investments for additional detailed categorizations, if any.
††
Securities classified within Level 2 at period end as the values were determined pursuant to the fund’s fair valuation procedures.
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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 Securities and Exchange Commission (“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:
Equity investments generally are valued at the last sale price on the day of valuation on the securities exchange or national securities market on which such securities primarily are traded. Securities listed on Nasdaq markets generally will be valued at the official closing price. If there are no transactions in a security, or no official closing prices for a Nasdaq market-listed security on that day, the security will be valued at the average of the most recent bid and asked prices. Bid price is used when no asked price is available. Open short positions for which there is no sale price on a given day are valued at the lowest asked price. Investments in other open-end investment companies are valued at their reported net asset values (“NAVs”) each day. All of the preceding securities are generally categorized within Level 1 of the fair value hierarchy.
Fair value of foreign equity securities may be determined with the assistance of a pricing service using correlations between the movement of prices of foreign securities and indexes of domestic securities and other appropriate indicators, such as closing market prices of relevant American Depositary Receipts and futures contracts. The valuation of a security based on this fair value process may differ from the security’s most recent closing price and from the prices used by other mutual funds to calculate their NAVs. Foreign securities held by a fund may trade on days when the fund does not calculate its NAV and thus may affect the fund’s NAV on days when investors will not be able to purchase or sell (redeem) fund shares. Utilizing these techniques may result in transfers between Level 1 and Level 2 of the fair value hierarchy.
Restricted securities, as well as securities or other assets for which recent market quotations or official closing prices are not readily available or are determined not to reflect accurately fair value (such as when the value of a security has been materially affected by events occurring 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 NAV), or which are not valued by one or more independent pricing services, are valued at fair value as determined in good faith based on procedures approved by the Board. Fair value of investments is determined by the Adviser, as the fund’s valuation designee pursuant to Rule 2a-5 under the Act, using such information as it deems appropriate under the circumstances. The factors that may be considered when fair valuing a security include 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. Using fair value to price investments may result in a
7
value that is different from a security’s most recent closing price and from the prices used by other mutual funds to calculate their NAVs. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.
Market quotations of foreign securities in foreign currencies and any fund assets or liabilities initially expressed in terms of foreign currency are translated into U.S. dollars at the spot rate.
At June 30, 2026, accumulated net unrealized appreciation on investments was $44,204,689, consisting of $53,698,265 gross unrealized appreciation and $9,493,576 gross unrealized depreciation.
At June 30, 2026, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Schedule 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.
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