BNY Mellon Balanced Opportunity Fund
SCHEDULE OF INVESTMENTS
August 31, 2026 (Unaudited)
 
Description
Coupon
Rate (%)
Maturity
Date
 
Principal
Amount ($)
Value ($)
Asset-Backed Securities — .2%
Asset-Backed Certificates — .1%
John Deere Owner Trust, Ser. 2023-B, Cl. A3
5.18
3/15/2028
45,053
45,170
New Economy Assets Phase 1 Sponsor LLC, Ser. 2021-1, Cl. A1(a)
1.91
10/20/2061
495,000
384,344
 
429,514
Asset-Backed Certificates/Auto Receivables — .1%
Hyundai Auto Receivables Trust, Ser. 2022-C, Cl. A4
5.52
10/16/2028
134,826
135,030
Mercedes-Benz Auto Receivables Trust, Ser. 2023-1, Cl. A3
4.51
11/15/2027
2,663
2,664
Toyota Auto Receivables Owner Trust, Ser. 2022-D, Cl. A3
5.30
9/15/2027
23,650
23,664
Toyota Auto Receivables Owner Trust, Ser. 2023-A, Cl. A3
4.63
9/15/2027
6,593
6,595
 
167,953
Total Asset-Backed Securities
(cost $698,783)
 
 
    597,467
Commercial Mortgage-Backed — .2%
Commercial Mortgage Pass-Through Certificates — .2%
Citigroup Commercial Mortgage Trust, Ser. 2020-GC46, Cl. A2
2.71
2/15/2053
48,282
45,602
CSAIL Commercial Mortgage Trust, Ser. 2017-CX10, Cl. A4
3.19
11/15/2050
240,000
238,163
GS Mortgage Securities Trust, Ser. 2019-GC39, Cl. A3
3.31
5/10/2052
190,616
183,286
Wells Fargo Commercial Mortgage Trust, Ser. 2020-C56, Cl. A5
2.45
6/15/2053
135,000
123,641
Total Commercial Mortgage-Backed
(cost $646,691)
 
 
    590,692
Corporate Bonds and Notes — 12.3%
Aerospace & Defense — .4%
Howmet Aerospace, Inc., Sr. Unscd. Notes
4.75
4/15/2036
820,000
781,205
Lockheed Martin Corp., Sr. Unscd. Notes(b)
5.20
2/15/2055
320,000
286,986
 
1,068,191
Agriculture — .4%
BAT Capital Corp., Gtd. Notes
4.63
3/22/2033
800,000
766,630
Philip Morris International, Inc., Sr. Unscd. Notes
5.63
11/17/2029
320,000
327,000
 
1,093,630
Automobiles & Components — .3%
Ford Motor Co., Sr. Unscd. Notes
3.25
2/12/2032
320,000
280,003
General Motors Financial Co., Inc., Sr. Unscd. Notes
2.40
4/10/2028
545,000
524,738
 
804,741
Banks — 2.8%
Bank of America Corp., Sr. Unscd. Notes
5.29
4/25/2034
290,000
288,672
Citigroup, Inc., Sr. Unscd. Notes
2.56
5/1/2032
850,000
755,778
Citigroup, Inc., Sr. Unscd. Notes
4.65
7/30/2045
390,000
330,433
HSBC Holdings PLC, Sr. Unscd. Notes(b)
4.62
11/6/2031
800,000
781,504
Intesa Sanpaolo SpA, Sr. Notes
7.20
11/28/2033
300,000
331,146
JPMorgan Chase & Co., Sr. Unscd. Notes
3.70
5/6/2030
400,000
387,629
JPMorgan Chase & Co., Sr. Unscd. Notes
5.35
6/1/2034
590,000
590,588
Morgan Stanley, Sr. Unscd. Notes
4.43
1/23/2030
300,000
296,351
Nationwide Building Society, Sr. Notes(a)
4.35
9/30/2030
790,000
767,668
Standard Chartered PLC, Sr. Unscd. Notes
4.53
6/5/2032
820,000
791,957
The Goldman Sachs Group, Inc., Sr. Unscd. Notes(b)
3.81
4/23/2029
610,000
600,438
The Goldman Sachs Group, Inc., Sr. Unscd. Notes
4.37
10/21/2031
500,000
483,536
The Toronto-Dominion Bank, Sr. Unscd. Notes
5.52
7/17/2028
360,000
365,274
UBS Group AG, Sr. Unscd. Notes(a),(b)
4.15
12/23/2029
800,000
787,277
3
SCHEDULE OF INVESTMENTS (Unaudited) (continued)
Description
Coupon
Rate (%)
Maturity
Date
 
Principal
Amount ($)
Value ($)
Corporate Bonds and Notes — 12.3% (continued)
Banks — 2.8% (continued)
Wells Fargo & Co., Sr. Unscd. Notes
4.15
1/24/2029
405,000
399,736
Wells Fargo & Co., Sub. Notes
4.30
7/22/2027
320,000
319,487
 
8,277,474
Building Materials — .2%
Carrier Global Corp., Sr. Unscd. Notes
2.49
2/15/2027
395,000
391,698
Trane Technologies Financing Ltd., Gtd. Notes
5.25
3/3/2033
310,000
311,973
 
703,671
Consumer Staples — .1%
The Procter & Gamble Company, Sr. Unscd. Notes
3.00
3/25/2030
350,000
331,217
Diversified Financials — .2%
Capital One Financial Corp., Sr. Unscd. Notes
6.70
11/29/2032
342,000
365,293
Intercontinental Exchange, Inc., Sr. Unscd. Notes
4.35
6/15/2029
320,000
316,423
 
681,716
Electronic Components — .3%
Amphenol Corp., Sr. Unscd. Notes
2.20
9/15/2031
390,000
342,188
Trimble, Inc., Sr. Unscd. Notes(b)
6.10
3/15/2033
460,000
472,871
 
815,059
Energy — 1.6%
BP Capital Markets America, Inc., Gtd. Notes
4.70
4/10/2029
540,000
540,248
Cheniere Corpus Christi Holdings LLC, Sr. Scd. Notes
3.70
11/15/2029
285,000
274,824
Chevron USA, Inc., Gtd. Notes(b)
4.50
10/15/2032
730,000
714,996
Diamondback Energy, Inc., Gtd. Notes
5.55
4/1/2035
830,000
835,284
Kinder Morgan Energy Partners LP, Gtd. Notes
6.95
1/15/2038
460,000
502,186
Shell Finance US, Inc., Gtd. Notes
2.75
4/6/2030
500,000
466,527
Shell Finance US, Inc., Gtd. Notes
4.75
1/6/2036
510,000
489,717
TotalEnergies Capital USA LLC, Gtd. Notes
4.25
1/13/2031
800,000
778,774
 
4,602,556
Environmental Control — .3%
Republic Services, Inc., Sr. Unscd. Notes(b)
2.38
3/15/2033
525,000
448,413
Waste Management, Inc., Gtd. Notes
3.15
11/15/2027
310,000
305,306
 
753,719
Food Products — .1%
Conagra Brands, Inc., Sr. Unscd. Notes
1.38
11/1/2027
300,000
288,600
Health Care — .9%
Eli Lilly & Co., Sr. Unscd. Notes
4.60
8/14/2034
550,000
531,422
Pfizer, Inc., Sr. Unscd. Notes(b)
3.45
3/15/2029
285,000
277,270
Pfizer, Inc., Sr. Unscd. Notes
3.88
11/15/2027
1,070,000
1,063,783
Roche Holdings, Inc., Gtd. Notes(a)
4.08
12/2/2030
800,000
776,308
 
2,648,783
Insurance — 1.1%
Five Corners Funding Trust II, Sr. Unscd. Notes(a),(b)
2.85
5/15/2030
260,000
240,483
Guardian Life Global Funding, Sr. Scd. Notes(a)
4.33
10/6/2030
800,000
778,112
Metropolitan Life Global Funding I, Sr. Scd. Notes(a)
3.00
9/19/2027
545,000
536,999
New York Life Global Funding, Scd. Notes(a)
4.15
7/25/2028
1,050,000
1,040,349
New York Life Insurance Co., Sub. Notes(a)
3.75
5/15/2050
699,000
494,099
 
3,090,042
Internet Software & Services — .7%
Alphabet, Inc., Sr. Unscd. Notes
4.38
11/15/2032
500,000
481,012
Alphabet, Inc., Sr. Unscd. Notes
5.25
5/15/2055
500,000
432,299
4
Description
Coupon
Rate (%)
Maturity
Date
 
Principal
Amount ($)
Value ($)
Corporate Bonds and Notes — 12.3% (continued)
Internet Software & Services — .7% (continued)
Amazon.com, Inc., Sr. Unscd. Notes
5.10
7/9/2033
500,000
494,474
Meta Platforms, Inc., Sr. Unscd. Notes
4.60
11/15/2032
540,000
518,701
 
1,926,486
Materials — .1%
Smurfit Westrock Financing DAC, Gtd. Notes(b)
5.42
1/15/2035
430,000
427,022
Media — .1%
Comcast Corp., Gtd. Notes
2.65
2/1/2030
335,000
309,894
Metals & Mining — .1%
Anglo American Capital PLC, Gtd. Notes(a)
2.63
9/10/2030
400,000
364,534
Real Estate — .2%
American Homes 4 Rent LP, Sr. Unscd. Notes
2.38
7/15/2031
258,000
226,044
Crown Castle, Inc., Sr. Unscd. Notes
2.25
1/15/2031
410,000
361,364
 
587,408
Semiconductors & Semiconductor Equipment — .1%
SK hynix, Inc., Sr. Unscd. Notes
5.50
1/16/2029
210,000
212,746
Supranational Bank — .1%
African Development Bank, Jr. Sub. Bonds(c)
5.88
8/7/2035
413,000
405,194
Technology Hardware & Equipment — .4%
Hewlett Packard Enterprise Co., Sr. Unscd. Notes
4.85
10/15/2031
448,000
440,711
International Business Machines Corp., Sr. Unscd. Notes
5.00
2/10/2032
650,000
644,187
 
1,084,898
Telecommunication Services — .3%
T-Mobile USA, Inc., Gtd. Notes
3.88
4/15/2030
270,000
259,600
Verizon Communications, Inc., Sr. Unscd. Notes
4.02
12/3/2029
495,000
482,491
 
742,091
Transportation — .1%
CSX Corp., Sr. Unscd. Notes
2.60
11/1/2026
380,000
378,947
Utilities — 1.4%
CenterPoint Energy Houston Electric LLC, General Ref. Mortgage Notes
5.15
3/1/2034
1,050,000
1,040,706
Duke Energy Corp., Sr. Unscd. Notes(b)
3.15
8/15/2027
275,000
271,799
Florida Power & Light Co., First Mortgage Bonds
5.10
4/1/2033
770,000
766,115
NRG Energy, Inc., Sr. Scd. Notes(a)
2.45
12/2/2027
440,000
427,406
Potomac Electric Power Co., First Mortgage Bonds
5.20
3/15/2034
607,000
602,205
RWE Finance US LLC, Gtd. Notes(a)
5.88
4/16/2034
370,000
374,914
Southern California Edison Co., First Mortgage Bonds(b)
3.65
2/1/2050
290,000
190,646
Southern California Edison Co., First Mortgage Bonds, Ser. A(b)
4.20
3/1/2029
235,000
230,161
The AES Corp., Sr. Unscd. Notes
5.45
6/1/2028
302,000
304,349
 
4,208,301
Total Corporate Bonds and Notes
(cost $36,839,192)
 
 
 35,806,920
 
 
 
 
 
Shares
 
Equity Securities - Common Stocks — 58.8%
Advertising — .4%
Omnicom Group, Inc.
11,792
1,032,154
Aerospace & Defense — 1.1%
BAE Systems PLC
10,847
300,420
Howmet Aerospace, Inc.
4,842
1,186,048
Rocket Lab Corp.(b),(d)
5,127
327,718
5
SCHEDULE OF INVESTMENTS (Unaudited) (continued)
Description
 
 
 
Shares
Value ($)
Equity Securities - Common Stocks — 58.8% (continued)
Aerospace & Defense — 1.1% (continued)
Rolls-Royce Holdings PLC
11,111
230,378
RTX Corp.
6,214
1,290,834
 
3,335,398
Agriculture — .7%
Bunge Global SA(b)
3,866
449,268
Japan Tobacco, Inc.
5,600
243,105
Philip Morris International, Inc.
7,151
1,339,382
 
2,031,755
Airlines — .5%
Delta Air Lines, Inc.
15,534
1,211,652
Deutsche Lufthansa AG
17,979
164,144
 
1,375,796
Automobiles & Components — .9%
Aurora Innovation, Inc.(b),(d)
62,093
349,584
Cie Generale des Etablissements Michelin SCA
4,128
167,821
Contemporary Amperex Technology Co. Ltd., Cl. H
2,100
160,612
Daimler Truck Holding AG
4,543
246,907
Ford Motor Co.
25,938
361,576
General Motors Co.
8,645
746,236
Schaeffler AG
13,742
117,800
Suzuki Motor Corp.
15,200
211,896
Toyota Motor Corp.
10,100
199,534
 
2,561,966
Banks — 3.8%
Banco de Sabadell SA
58,036
244,907
Banco Santander SA
21,954
322,940
Bank of America Corp.
24,532
1,519,512
Barclays PLC
40,877
275,086
BNP Paribas SA
1,516
180,986
Citigroup, Inc.
6,050
796,301
Deutsche Bank AG
9,488
381,980
Fifth Third Bancorp
25,511
1,371,727
HSBC Holdings PLC
12,796
265,003
ING Groep NV
9,362
331,507
JPMorgan Chase & Co.
8,794
3,130,840
Mizuho Financial Group, Inc.
5,400
291,482
Morgan Stanley
4,769
1,017,323
National Australia Bank Ltd.
5,577
154,384
SouthState Bank Corp.
5,210
546,477
Sumitomo Mitsui Financial Group, Inc.
6,700
292,535
Unicaja Banco SA(a)
14,641
60,032
 
11,183,022
Beverage Products — .5%
Asahi Group Holdings Ltd.
16,300
171,010
The Coca-Cola Company
15,415
1,366,848
 
1,537,858
Building Materials — .6%
Cie de Saint-Gobain SA
1,756
159,748
CRH PLC
9,319
878,688
Trane Technologies PLC
1,609
715,040
 
1,753,476
6
Description
 
 
 
Shares
Value ($)
Equity Securities - Common Stocks — 58.8% (continued)
Commercial & Professional Services — .1%
Babcock International Group PLC
14,682
210,181
Consumer Discretionary — .6%
Dolby Laboratories, Inc., Cl. A
7,738
476,351
InterContinental Hotels Group PLC, ADR
3,943
631,117
ITOCHU Corp.
23,100
304,819
Persimmon PLC
13,090
209,030
Sony Group Corp.
7,700
193,572
 
1,814,889
Consumer Durables & Apparel — .3%
adidas AG
832
146,315
Ralph Lauren Corp.
2,237
776,015
 
922,330
Consumer Staples — 1.0%
Colgate-Palmolive Co.
17,291
1,553,078
The Estee Lauder Companies, Inc., Cl. A
12,415
1,270,054
Unilever PLC
3,128
202,428
 
3,025,560
Diversified Financials — 1.7%
Capital One Financial Corp.
4,687
1,005,408
Mastercard, Inc., Cl. A
4,158
2,450,351
Rocket Companies, Inc., Cl. A(d)
41,589
557,709
Voya Financial, Inc.
8,279
838,828
 
4,852,296
Electronic Components — 1.3%
AMETEK, Inc.
3,790
891,294
Emerson Electric Co.
5,121
780,645
Honeywell International, Inc.
2,398
512,045
Hubbell, Inc.
2,460
1,114,380
Murata Manufacturing Co. Ltd.
2,400
108,034
Schneider Electric SE
916
313,449
 
3,719,847
Energy — 2.6%
Devon Energy Corp.
14,295
693,450
Diamondback Energy, Inc.
3,345
670,606
EQT Corp.
12,139
657,691
Marathon Petroleum Corp.
1,416
528,621
Occidental Petroleum Corp.
21,428
1,289,537
Phillips 66
2,471
609,299
Repsol SA
4,623
146,328
Shell PLC
8,000
362,544
SLB Ltd.
37,658
2,263,246
TotalEnergies SE
2,972
260,739
 
7,482,061
Environmental Control — .2%
Veralto Corp.
4,642
457,562
Food Products — .2%
Marks & Spencer Group PLC
32,461
173,651
Nestle SA
4,355
424,644
The Magnum Ice Cream Company NV(d)
4,699
96,511
 
694,806
7
SCHEDULE OF INVESTMENTS (Unaudited) (continued)
Description
 
 
 
Shares
Value ($)
Equity Securities - Common Stocks — 58.8% (continued)
Food Service — .0%
Compass Group PLC
2,659
81,498
Forest Products & Paper — .1%
International Paper Co.
11,265
427,281
Health Care — 7.5%
AbbVie, Inc.
3,395
870,546
Agilent Technologies, Inc.
5,823
894,180
Ascendis Pharma A/S(d)
1,892
497,672
AstraZeneca PLC
863
139,973
Bristol-Myers Squibb Co.
10,352
691,617
Corteva, Inc.
7,797
659,860
Danaher Corp.
4,032
861,074
Elevance Health, Inc.
4,864
1,909,314
Fresenius SE & Co. KGaA
3,065
161,079
Gilead Sciences, Inc.
9,509
1,391,547
GSK PLC
11,361
285,331
Guardant Health, Inc.(d)
2,947
468,632
Illumina, Inc.(d)
3,826
817,348
Insmed, Inc.(d)
3,611
439,892
Johnson & Johnson
8,006
2,128,395
Madrigal Pharmaceuticals, Inc.(d)
801
432,564
Medtronic PLC
5,166
468,298
Mirum Pharmaceuticals, Inc.(b),(d)
4,163
408,182
Natera, Inc.(d)
1,361
438,188
Novartis AG
1,320
201,278
Novo Nordisk A/S, Cl. B
4,409
200,327
Pfizer, Inc.
16,097
458,121
Repligen Corp.(b),(d)
2,913
527,195
Roche Holding AG
228
99,509
Santen Pharmaceutical Co. Ltd.
12,200
143,231
Stryker Corp.
1,245
403,131
Thermo Fisher Scientific, Inc.
4,380
2,702,898
UCB SA
610
152,550
UnitedHealth Group, Inc.
5,437
2,117,222
VeraDermics, Inc.(d)
3,227
317,569
Vertex Pharmaceuticals, Inc.(d)
1,097
597,338
 
21,884,061
Industrial — 1.9%
Axon Enterprise, Inc.(d)
844
478,177
Balfour Beatty PLC
21,643
259,391
CNH Industrial NV(b)
38,676
457,537
Deere & Co.
1,705
1,116,621
Ebara Corp.
2,600
76,185
GE Vernova, Inc.
1,230
1,105,192
Hitachi Ltd.
4,700
159,991
KION Group AG
1,756
90,399
Komatsu Ltd.
4,500
209,521
Regal Rexnord Corp.
2,369
375,368
Siemens Energy AG
603
99,585
SPIE SA
3,732
188,742
8
Description
 
 
 
Shares
Value ($)
Equity Securities - Common Stocks — 58.8% (continued)
Industrial — 1.9% (continued)
Vertiv Holdings Co., Cl. A
2,580
667,498
Yaskawa Electric Corp.
4,100
122,679
 
5,406,886
Information Technology — 4.9%
Akamai Technologies, Inc.(b),(d)
3,368
365,832
Bentley Systems, Inc., Cl. B(b)
10,691
392,894
Datadog, Inc., Cl. A(d)
3,983
944,130
Microsoft Corp.
18,274
9,270,218
MongoDB, Inc.(d)
954
432,515
Nutanix, Inc., Cl. A(d)
18,859
1,293,162
SAP SE
1,167
258,770
Synopsys, Inc.(d)
2,810
1,235,248
 
14,192,769
Insurance — 2.4%
AIA Group Ltd.
42,600
414,400
American International Group, Inc.
4,726
360,877
Aon PLC, Cl. A
3,215
1,033,687
Assurant, Inc.
7,132
2,010,226
Aviva PLC
28,804
285,071
Berkshire Hathaway, Inc., Cl. B(d)
3,929
1,980,334
Chubb Ltd.
1,758
595,259
SCOR SE
2,595
101,820
Standard Life PLC
20,352
259,223
 
7,040,897
Internet Software & Services — 6.6%
Alphabet, Inc., Cl. A
3,005
1,019,747
Alphabet, Inc., Cl. C
15,113
5,069,051
Amazon.com, Inc.(d)
28,225
7,332,008
Chewy, Inc., Cl. A(d)
19,253
458,221
Meta Platforms, Inc., Cl. A
3,613
2,067,865
Netflix, Inc.(d)
7,329
594,016
Sea Ltd., ADR(d)
1,259
142,871
Shopify, Inc., Cl. A(d)
5,713
841,925
Spotify Technology SA(d)
2,180
1,185,092
Uber Technologies, Inc.(d)
8,325
629,786
 
19,340,582
Materials — .4%
Packaging Corp. of America
4,782
1,118,701
Media — .3%
The Walt Disney Company
9,345
1,005,055
Metals & Mining — .8%
Freeport-McMoRan, Inc.
7,983
604,632
Glencore PLC
31,308
252,667
Newmont Corp.
9,970
1,256,818
Norsk Hydro ASA
13,588
136,553
Rio Tinto PLC
1,067
110,950
 
2,361,620
Real Estate — .3%
Weyerhaeuser Co.(e)
40,416
944,522
Retailing — 1.4%
Burlington Stores, Inc.(d)
1,706
443,151
9
SCHEDULE OF INVESTMENTS (Unaudited) (continued)
Description
 
 
 
Shares
Value ($)
Equity Securities - Common Stocks — 58.8% (continued)
Retailing — 1.4% (continued)
Casey’s General Stores, Inc.
942
708,582
Dutch Bros, Inc., Cl. A(b),(d)
8,023
392,004
Ferguson Enterprises, Inc.(b)
2,010
451,265
Industria de Diseno Textil SA
2,821
190,050
Lowe’s Companies, Inc.
3,335
682,675
Pan Pacific International Holdings Corp.
42,600
215,200
Target Corp.
5,580
897,710
 
3,980,637
Semiconductors & Semiconductor Equipment — 9.1%
Advanced Micro Devices, Inc.(d)
6,166
2,902,459
Advantest Corp.
500
105,446
Applied Materials, Inc.
2,654
1,216,567
ASML Holding NV
339
571,669
ASML Holding NV
828
1,404,296
Broadcom, Inc.
3,329
1,232,862
Entegris, Inc.
3,997
540,754
Intel Corp.(d)
7,316
654,855
Kioxia Holdings Corp.(d)
200
62,585
Marvell Technology, Inc.
8,518
1,802,920
NVIDIA Corp.
56,121
12,390,394
Renesas Electronics Corp.
6,200
131,646
STMicroelectronics NV(b)
11,276
565,379
STMicroelectronics NV
1,583
79,093
Texas Instruments, Inc.
10,454
2,727,553
Tokyo Electron Ltd.
300
105,991
 
26,494,469
Technology Hardware & Equipment — 4.6%
Apple, Inc.
26,184
8,296,400
Fujitsu Ltd.
3,900
94,455
International Business Machines Corp.
2,558
598,240
NetApp, Inc.
8,005
1,483,247
Okta, Inc.(d)
2,378
411,489
Seagate Technology Holdings PLC
1,488
1,232,629
Western Digital Corp.
2,839
1,279,111
 
13,395,571
Telecommunication Services — 1.0%
AT&T, Inc.
40,455
1,047,380
Cisco Systems, Inc.
15,333
1,694,143
Orange SA
6,787
121,444
SoftBank Group Corp.
2,800
91,143
 
2,954,110
Transportation — .3%
CSX Corp.
11,034
557,327
East Japan Railway Co.
8,700
195,022
 
752,349
Utilities — .7%
Constellation Energy Corp.
4,124
1,133,151
E.ON SE
14,920
308,480
Enel SpA
19,533
213,749
10
Description
 
 
 
Shares
Value ($)
Equity Securities - Common Stocks — 58.8% (continued)
Utilities — .7% (continued)
United Utilities Group PLC
5,996
116,263
Veolia Environnement SA
6,466
244,845
 
2,016,488
Total Equity Securities - Common Stocks
(cost $115,924,796)
171,388,453
Exchange-Traded Funds — 5.1%
Registered Investment Companies — 5.1%
iShares Core U.S. Aggregate Bond ETF
70,282
6,846,170
State Street SPDR S&P 500 ETF Trust
10,430
8,000,331
Total Exchange-Traded Funds
(cost $14,586,325)
14,846,501
 
 
Coupon
Rate (%)
Maturity
Date
 
Principal
Amount ($)
 
Foreign Governmental — 1.1%
Colombia, Sr. Unscd. Notes
5.38
1/21/2029
200,000
199,660
Mexico, Sr. Unscd. Notes
6.35
2/9/2035
960,000
972,480
Province of Ontario Canada, Sr. Unscd. Notes(b)
5.05
4/24/2034
1,490,000
1,510,983
Romania, Sr. Unscd. Notes
7.13
1/17/2033
490,000
512,439
Total Foreign Governmental
(cost $3,288,840)
 
 
  3,195,562
Municipal Securities — .2%
California, GO
2.38
10/1/2026
230,000
229,635
Central Florida Tourism Oversight District, GO, Refunding, Ser. A
2.50
6/1/2034
50,000
42,017
Dallas Fort Worth International Airport, Revenue Bonds, Refunding, Ser. C
2.92
11/1/2050
160,000
108,112
Honolulu City & County Wastewater System, Revenue Bonds, Refunding, Ser. B
2.50
7/1/2027
25,000
24,645
Wisconsin, Revenue Bonds, Refunding, Ser. A
2.20
5/1/2027
135,000
133,119
Total Municipal Securities
(cost $600,033)
 
 
    537,528
U.S. Government Agencies Collateralized Mortgage Obligations — .3%
Federal Home Loan Mortgage Corp. Seasoned Loans Structured Transaction
Trust, Ser. 2019-2, Cl. A2C(f)
2.75
9/25/2029
265,000
250,376
Federal Home Loan Mortgage Corp. Seasoned Loans Structured Transaction
Trust, Ser. 2019-3, Cl. A2C(f)
2.75
11/25/2029
255,000
238,858
Government National Mortgage Association, Ser. 2022-173, Cl. PQ
5.00
6/20/2051
237,054
236,032
Government National Mortgage Association, Ser. 2022-177, Cl. PL
6.00
6/20/2051
2,779
2,778
Total U.S. Government Agencies Collateralized Mortgage Obligations
(cost $762,436)
 
 
    728,044
U.S. Government Agencies Commercial Mortgage-Backed — .5%
Federal Home Loan Mortgage Corp. Multifamily Structured Pass Through
Certificates, Ser. K089, Cl. A2(f)
3.56
1/25/2029
560,000
546,069
Federal Home Loan Mortgage Corp. Multifamily Structured Pass Through
Certificates, Ser. K090, Cl. A2(f)
3.42
2/25/2029
545,000
529,372
Federal Home Loan Mortgage Corp. Multifamily Structured Pass Through
Certificates, Ser. K095, Cl. A2(f)
2.79
6/25/2029
515,000
490,360
Total U.S. Government Agencies Commercial Mortgage-Backed
(cost $1,668,532)
 
 
  1,565,801
 
 
 
 
 
 
 
U.S. Government Agencies Mortgage-Backed — 7.2%
Mortgage Pools — 7.2%
Federal Home Loan Mortgage Corp.:
2.00%, 9/1/2050-12/1/2051(f)
1,961,052
1,545,185
11
SCHEDULE OF INVESTMENTS (Unaudited) (continued)
Description
 
 
 
Principal
Amount ($)
Value ($)
U.S. Government Agencies Mortgage-Backed — 7.2% (continued)
Mortgage Pools — 7.2% (continued)
2.50%, 11/1/2027-9/1/2050(f)
999,912
822,915
3.00%, 6/1/2031-12/1/2046(f)
341,983
306,241
3.50%, 4/1/2035-9/1/2049(f)
959,392
889,846
5.50%, 1/1/2036-8/1/2053(f)
809,474
813,018
Federal National Mortgage Association:
1.50%, 3/1/2051(f)
413,418
308,823
2.00%, 8/1/2036-12/1/2051(f)
4,692,176
3,745,654
2.50%, 9/1/2028-1/1/2052(f)
2,979,208
2,480,908
3.00%, 6/1/2028-12/1/2050(f)
2,232,303
1,971,053
3.50%, 8/1/2034-10/1/2050(f)
2,332,206
2,130,432
4.00%, 7/1/2042-8/1/2052(f)
2,925,602
2,701,786
4.50%, 2/1/2039-10/1/2052(f)
1,668,919
1,592,888
5.00%, 4/1/2035-12/1/2048(f)
196,639
194,077
5.50%, 9/1/2034-5/1/2039(f)
16,546
16,637
8.00%, 3/1/2030(f)
41
41
Government National Mortgage Association I:
5.50%, 4/15/2033
4,078
4,074
Government National Mortgage Association II:
3.00%, 1/20/2045-9/20/2051
952,453
833,604
3.50%, 7/20/2047-2/20/2052
595,030
532,158
4.00%, 10/20/2047-1/20/2048
145,467
134,267
4.50%, 7/20/2048
45,482
43,414
Total U.S. Government Agencies Mortgage-Backed
(cost $24,673,827)
 
 
 21,067,021
 
 
Coupon
Rate (%)
Maturity
Date
 
 
 
U.S. Treasury Securities — 12.5%
U.S. Treasury Bonds
3.00
5/15/2047
4,890,000
3,487,372
U.S. Treasury Bonds
4.75
11/15/2043
7,740,000
7,358,442
U.S. Treasury Inflation Indexed Bonds(g)
1.38
2/15/2044
960,050
759,231
U.S. Treasury Inflation Indexed Bonds(g)
2.13
1/15/2035
814,806
801,459
U.S. Treasury Inflation Indexed Notes(g)
0.13
1/15/2031
1,090,440
1,001,539
U.S. Treasury Notes
2.38
5/15/2029
3,660,000
3,473,783
U.S. Treasury Notes
3.63
5/31/2028
6,470,000
6,393,548
U.S. Treasury Notes(b)
3.63
3/31/2030
6,320,000
6,149,163
U.S. Treasury Notes
4.00
11/15/2035
520,000
492,121
U.S. Treasury Notes
4.13
7/31/2028
2,480,000
2,470,458
U.S. Treasury Notes
4.50
11/15/2033
1,903,000
1,888,319
U.S. Treasury Strip Principal Bonds(h)
2.88
5/15/2043
4,980,000
2,083,993
Total U.S. Treasury Securities
(cost $37,748,473)
 
 
 36,359,428
 
Description/Number of Contracts
Exercise
Price
Expiration
Date
 
Notional
Amount ($)
 
Options Purchased — .0%
Call Options — .0%
U.S. Treasury 10 Year Note, Contracts 11
(cost $6,535)
109
10/23/2026
1,199,000
2,922
 
12
Description
1-Day
Yield (%)
 
 
Shares
Value ($)
Investment Companies — 1.4%
Registered Investment Companies — 1.4%
BNY Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional
Shares(i)
(cost $3,912,028)
3.72
3,912,028
3,912,028
Investment of Cash Collateral for Securities Loaned — .0%
Registered Investment Companies — .0%
BNY Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional
Shares(i)
(cost $68,740)
3.72
68,740
68,740
Total Investments (cost $241,425,231)
 
    99.8%
290,667,107
Cash and Receivables (Net)
 
      .2%
    694,364
Net Assets
   100.0%
291,361,471
 
ADR—American Depositary Receipt
ETF—Exchange-Traded Fund
GO—Government Obligation
SPDR—Standard & Poor’s Depository Receipt
 
(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 August 31, 2026, these securities amounted to $7,032,525 or 2.4% of net assets.
(b)
Security, or portion thereof, on loan. At August 31, 2026, the value of the fund’s securities on loan was $9,077,489 and the value of the collateral was
$9,357,596, consisting of cash collateral of $68,740 and U.S. Government & Agency securities valued at $9,288,856.  In addition, the value of collateral may
include pending sales that are also on loan.
(c)
Security is a perpetual security with no specified maturity date. Maturity date shown is next reset date of the security.
(d)
Non-income producing security.
(e)
Investment in real estate investment trust within the United States.
(f)
The Federal Housing Finance Agency (“FHFA”) placed the Federal Home Loan Mortgage Corporation and Federal National Mortgage Association into
conservatorship with FHFA as the conservator. As such, the FHFA oversees the continuing affairs of these companies.
(g)
Principal amount for accrual purposes is periodically adjusted based on changes in the Consumer Price Index.
(h)
Security is a discount security. Income is recognized through the accretion of discount.
(i)
Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company’s
prospectus.
 
Futures
Description
Number of
Contracts
Expiration
Notional
Value ($)
Market
Value ($)
Unrealized
(Depreciation) ($)
Futures Long
5 Year U.S. Treasury Note
11
12/31/2026
1,167,706
1,162,734
(4,972)
10 Year U.S. Treasury Note
8
12/21/2026
864,968
861,250
(3,718)
Ultra 10 Year U.S. Treasury Note
12
12/21/2026
1,320,213
1,313,063
(7,150)
Gross Unrealized Depreciation
 
 
(15,840)
See notes to schedule of investments.
13
Schedule of Investments
BNY Mellon Balanced Opportunity Fund
August 31, 2026 (Unaudited)
The following is a summary of the inputs used as of August 31, 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:†
Asset-Backed Securities
—
597,467
—
597,467
Commercial Mortgage-Backed
—
590,692
—
590,692
Corporate Bonds and Notes
—
35,806,920
—
35,806,920
Equity Securities - Common Stocks
171,388,453
—
—
171,388,453
Exchange-Traded Funds
14,846,501
—
—
14,846,501
Foreign Governmental
—
3,195,562
—
3,195,562
Municipal Securities
—
537,528
—
537,528
U.S. Government Agencies Collateralized Mortgage Obligations
—
728,044
—
728,044
U.S. Government Agencies Commercial Mortgage-Backed
—
1,565,801
—
1,565,801
U.S. Government Agencies Mortgage-Backed
—
21,067,021
—
21,067,021
U.S. Treasury Securities
—
36,359,428
—
36,359,428
Investment Companies
3,980,768
—
—
3,980,768
 
190,215,722
100,448,463
—
290,664,185
Other Financial Instruments:
Options Purchased
2,922
—
—
2,922
 
2,922
—
—
2,922
Liabilities ($)
Other Financial Instruments:
Futures††
(15,840)
—
—
(15,840)
 
(15,840)
—
—
(15,840)
 
†
See Schedule of Investments for additional detailed categorizations, if any.
††
Amount shown represents unrealized appreciation (depreciation) at period end.
14
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:
Investments in debt securities and instruments generally will be valued, to the extent possible, by one or more independent pricing services (the “Service”). When, in the judgment of the Service, quoted bid prices for investments are readily available and are representative of the bid side of the market, these investments are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as calculated by the Service based upon its evaluation of the market for such securities). The value of other debt securities and instruments is determined by the Service based on methods which include consideration of: yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. The Services are engaged under the general supervision of the fund’s Board of Trustees (the “Board”). Overnight and certain other short-term debt securities and instruments (excluding Treasury bills) will be valued by the amortized cost method, which approximates fair value, unless a Service provides a valuation for such security or, in the opinion of the board or a committee or other persons designated by the Board, such as the Adviser, the amortized cost method would not represent fair value. These securities are generally categorized within Level 2 of the fair value hierarchy.
Equity investments, including option contracts and ETFs (but not including investments in other open-end registered investment companies), 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 ADRs 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
15
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 the Service, are valued at fair value as determined in good faith based on procedures approved by the fund’s Board of Trustees (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 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.
Futures contracts will be valued at the most recent settlement price and are generally categorized within Level 1 of the fair value hierarchy.
Pursuant to a securities lending agreement with BNY, the fund may lend securities to qualified institutions. It is the fund’s policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral equivalent to at least 100% of the market value of securities on loan is maintained at all times. Collateral is either in the form of cash, which can be invested in certain money market mutual funds managed by the Adviser, or U.S. Government and Agency securities. The securities on loan, if any, are also disclosed in the fund’s Schedule of Investments. The fund is entitled to receive all dividends, interest and distributions on securities loaned, in addition to income earned as a result of the lending transaction. Should a borrower fail to return the securities in a timely manner, BNY is required to replace the securities for the benefit of the fund or credit the fund with the market value of the unreturned securities and is subrogated to the fund’s rights against the borrower and the collateral. Additionally, the contractual maturity of security lending transactions are on an overnight and continuous basis.
Derivatives: A derivative is a financial instrument whose performance is derived from the performance of another asset. Each type of derivative instrument that was held by the fund at August 31, 2026 is discussed below.
Futures: In the normal course of pursuing its investment objective, the fund is exposed to market risk, including interest rate risk, as a result of changes in value of underlying financial instruments. The fund invests in futures in order to manage its exposure to or protect against changes in the market. A futures contract represents a commitment for the future purchase or a sale of an asset at a specified date. Upon entering into such contracts, these investments require initial margin deposits with a counterparty, which consist of cash or cash equivalents. The amount of these deposits is determined by the exchange or Board of  Trade on which the contract is traded and is subject to change. Accordingly, variation margin payments are received or made to reflect daily unrealized gains or losses which are recorded in the Statement of Operations. When the contracts are closed, the fund recognizes a realized gain or loss which is reflected in the Statement of Operations. There is minimal counterparty credit risk to the fund with futures since they are exchange traded, and the exchange guarantees the futures against default. Futures open at August 31, 2026 are set forth in the fund’s Schedule of Investments.
Options Transactions: The fund purchases and writes (sells) put and call options to hedge against changes in the values of or as a substitute for an investment. The fund is subject to market risk in the course of pursuing its investment objectives through its investments in options contracts. A call option gives the purchaser of the option the right (but not the obligation) to buy, and obligates the writer to sell, the underlying financial instrument at the exercise price at any time during the option period, or at a specified date. Conversely, a put option gives the purchaser of the option the right (but not the obligation) to sell, and obligates the writer to buy the underlying financial instrument at the exercise price at any time during the option period, or at a specified date.
At August 31, 2026, accumulated net unrealized appreciation on investments inclusive of derivative contracts was $49,226,036, consisting of $58,424,011 gross unrealized appreciation and $9,197,975 gross unrealized depreciation.
At August 31, 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).
16
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.
17