# EDGAR Filing Document

**Accession Number:** 0000857114
**File Stem:** 0000030146-26-000280
**Filing Date:** 2026-6
**Character Count:** 349512
**Document Hash:** dcd2ddd80605ad8bba1b22eeaa8ba9ba
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000030146-26-000280.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0000030146-26-000280

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 27

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**EFFECTIVENESS DATE**: 20260625

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BNY MELLON INDEX FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000857114

**ORGANIZATION NAME:**
- **EIN:** 133554128
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05883
- **FILM NUMBER:** 261119723

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286
- **BUSINESS PHONE:** 2129226400

**MAIL ADDRESS:**
- **STREET 1:** C/O BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS INDEX FUNDS, INC.
- **DATE OF NAME CHANGE:** 20181030

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS INDEX FUNDS INC
- **DATE OF NAME CHANGE:** 20010613

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS S&P 500 INDEX FUND
- **DATE OF NAME CHANGE:** 19951228

## Series and Classes Contracts Data

### BNY Mellon International Stock Index Fund (Series ID: S000000130)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000000294 | Investor Shares | DIISX           |
| C000172467 | Class I         | DINIX           |

### BNY Mellon S&P 500 Index Fund (Series ID: S000000131)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000000295 | BNY Mellon S&P 500 Index Fund | PEOPX           |

### BNY Mellon Smallcap Stock Index Fund (Series ID: S000000132)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000000296 | Investor Shares | DISSX           |
| C000172468 | Class I         | DISIX           |

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#### UNITED STATES

#### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

------

#### FORM N-CSR

------

#### CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

#### Investment Company Act file number

#### 811-05883

#### BNY Mellon Index Funds, Inc.
(Exact name of registrant as specified in charter)

------

c/o BNY Mellon Investment Adviser, Inc.

240 Greenwich Street

New York, New York 10286

(Address of Principal Executive Officer) (Zip Code)

Deirdre Cunnane, Esq.

240 Greenwich Street

New York, New York 10286

(Name and Address of Agent for Service)

#### Registrant's telephone number, including area code:
&nbsp;&nbsp;&nbsp;&nbsp;(212) 922-6400

#### Date of fiscal year end:

#### 10/31

#### Date of reporting period:

#### 4/30/26
ITEM 1 - Reports to Stockholders

BNY Mellon International Stock Index Fund

#### SEMI-ANNUAL SHAREHOLDER REPORT

#### April 30, 2026

#### Investor Shares – DIISX
This semi-annual shareholder report contains important information about BNY Mellon International Stock Index Fund (the "Fund") for the period of November 1, 2025 to April 30, 2026. You can find additional information about the Fund at bny.com/investments/literaturecenter. 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.

#### What were the Fund's costs for the last six months ?
(based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| **Share Class** | **Costs of a $10,000 investment** |
| Investor Shares<sup>\*</sup> | $31 0.60%<sup>\*\*</sup> |

---

\* <sup>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.</sup> <br> \*\* <sup>Annualized.</sup>

 **KEY FUND STATISTICS (AS OF 4/30/26)**

---

| | | |
|:---|:---|:---|
| **<br> Fund Size (Millions)** | **<br> Number of Holdings** | **<br> Portfolio Turnover** |
| $327 | 693 | 1.35% |

---

 **Portfolio Holdings (as of 4/30/26)**

 **Top Ten Holdings (Based on Net Assets) <sup>\*</sup>**![Graphical Representation - Top N Holdings Chart](chartimages_11847949.jpg)

\* Excludes money market funds or other short-term securities held for the investment of cash and cash collateral for securities loaned, if any.

 **Country Allocation (Based on Net Assets)**

![Graphical Representation - Allocation 1 Chart](chartimages_11847925.jpg)

 **For additional information about the Fund, including its prospectus, financial information, portfolio holdings and proxy voting information, please visit bny.com/investments/literaturecenter .**

 **Not FDIC Insured. Not Bank-Guaranteed. May Lose Value**© 2026 **BNY Mellon Securities Corporation**, Distributor,

240 Greenwich Street, 9th Floor, New York, NY 10286

Code-0079SA0426

![TSR- BNY Investment Logo](images_31331.jpg)

BNY Mellon International Stock Index Fund

#### SEMI-ANNUAL SHAREHOLDER REPORT

#### April 30, 2026

#### Class I – DINIX
This semi-annual shareholder report contains important information about BNY Mellon International Stock Index Fund (the "Fund") for the period of November 1, 2025 to April 30, 2026. You can find additional information about the Fund at bny.com/investments/literaturecenter. 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.

#### What were the Fund's costs for the last six months ?
(based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| **Share Class** | **Costs of a $10,000 investment** |
| Class I<sup>\*</sup> | $18 0.35%<sup>\*\*</sup> |

---

\* <sup>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.</sup> <br> \*\* <sup>Annualized.</sup>

 **KEY FUND STATISTICS (AS OF 4/30/26)**

---

| | | |
|:---|:---|:---|
| **<br> Fund Size (Millions)** | **<br> Number of Holdings** | **<br> Portfolio Turnover** |
| $327 | 693 | 1.35% |

---

 **Portfolio Holdings (as of 4/30/26)**

 **Top Ten Holdings (Based on Net Assets) <sup>\*</sup>**![Graphical Representation - Top N Holdings Chart](chartimages_11847898.jpg)

\* Excludes money market funds or other short-term securities held for the investment of cash and cash collateral for securities loaned, if any.

 **Country Allocation (Based on Net Assets)**

![Graphical Representation - Allocation 1 Chart](chartimages_11847874.jpg)

 **For additional information about the Fund, including its prospectus, financial information, portfolio holdings and proxy voting information, please visit bny.com/investments/literaturecenter .**

 **Not FDIC Insured. Not Bank-Guaranteed. May Lose Value**© 2026 **BNY Mellon Securities Corporation**, Distributor,

240 Greenwich Street, 9th Floor, New York, NY 10286

Code-4037SA0426

![TSR- BNY Investment Logo](images_31331.jpg)

BNY Mellon S&P 500 Index Fund

#### SEMI-ANNUAL SHAREHOLDER REPORT

#### April 30, 2026

#### Ticker – PEOPX
This semi-annual shareholder report contains important information about BNY Mellon S&P 500 Index Fund (the "Fund") for the period of November 1, 2025 to April 30, 2026. You can find additional information about the Fund at bny.com/investments/literaturecenter. 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.

 **This report describes changes to the Fund that occurred during the reporting period.**

#### What were the Fund's costs for the last six months ?
(based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| **Fund** | **Costs of a $10,000 investment** |
| BNY Mellon S&P 500 Index Fund<sup>\*</sup> | $26 0.50%<sup>\*\*</sup> |

---

\* <sup>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.</sup> <br> \*\* <sup>Annualized.</sup>

 **KEY FUND STATISTICS (AS OF 4/30/26)**

---

| | | |
|:---|:---|:---|
| **<br> Fund Size (Millions)** | **<br> Number of Holdings** | **<br> Portfolio Turnover** |
| $2696 | 506 | 3.51% |

---

 **Portfolio Holdings (as of 4/30/26)**

 **Top Ten Holdings (Based on Net Assets) <sup>\*</sup>**![Graphical Representation - Top N Holdings Chart](chartimages_11847847.jpg)

\* Excludes money market funds or other short-term securities held for the investment of cash and cash collateral for securities loaned, if any.

 **Sector Allocation (Based on Net Assets)**

![Graphical Representation - Allocation 1 Chart](chartimages_11847823.jpg)

 **How has the Fund changed?**

* Effective November 14, 2025, the Fund may operate as a non-diversified fund, as defined under the Investment Company Act of 1940, as amended, to the approximate extent the S&P 500<sup>®</sup> Index is non-diversified, without shareholder approval. The Fund may therefore operate as non-diversified solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the index. 

 **This is a summary of certain changes to the Fund since November 1, 2025 . For more complete information, you may review the Fund's current prospectus dated February 27, 2026 at** bny.com/investments/literaturecenter **or upon request at 1-800-373-9387.**

 **For additional information about the Fund, including its prospectus, financial information, portfolio holdings and proxy voting information, please visit bny.com/investments/literaturecenter .**

 **Not FDIC Insured. Not Bank-Guaranteed. May Lose Value**© 2026 **BNY Mellon Securities Corporation**, Distributor,

240 Greenwich Street, 9th Floor, New York, NY 10286

Code-0078SA0426

![TSR- BNY Investment Logo](images_31331.jpg)

BNY Mellon Smallcap Stock Index Fund

#### SEMI-ANNUAL SHAREHOLDER REPORT

#### April 30, 2026

#### Investor Shares – DISSX
This semi-annual shareholder report contains important information about BNY Mellon Smallcap Stock Index Fund (the "Fund") for the period of November 1, 2025 to April 30, 2026. You can find additional information about the Fund at bny.com/investments/literaturecenter. 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.

#### What were the Fund's costs for the last six months ?
(based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| **Share Class** | **Costs of a $10,000 investment** |
| Investor Shares<sup>\*</sup> | $27 0.50%<sup>\*\*</sup> |

---

\* <sup>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.</sup> <br> \*\* <sup>Annualized.</sup>

 **KEY FUND STATISTICS (AS OF 4/30/26)**

---

| | | |
|:---|:---|:---|
| **<br> Fund Size (Millions)** | **<br> Number of Holdings** | **<br> Portfolio Turnover** |
| $845 | 609 | 28.66% |

---

 **Portfolio Holdings (as of 4/30/26)**

 **Top Ten Holdings (Based on Net Assets) <sup>\*</sup>**![Graphical Representation - Top N Holdings Chart](chartimages_11848051.jpg)

\* Excludes money market funds or other short-term securities held for the investment of cash and cash collateral for securities loaned, if any.

 **Sector Allocation (Based on Net Assets)**

![Graphical Representation - Allocation 1 Chart](chartimages_11848027.jpg)

 **For additional information about the Fund, including its prospectus, financial information, portfolio holdings and proxy voting information, please visit bny.com/investments/literaturecenter .**

 **Not FDIC Insured. Not Bank-Guaranteed. May Lose Value**© 2026 **BNY Mellon Securities Corporation**, Distributor,

240 Greenwich Street, 9th Floor, New York, NY 10286

Code-0077SA0426

![TSR- BNY Investment Logo](images_31331.jpg)

BNY Mellon Smallcap Stock Index Fund

#### SEMI-ANNUAL SHAREHOLDER REPORT

#### April 30, 2026

#### Class I – DISIX
This semi-annual shareholder report contains important information about BNY Mellon Smallcap Stock Index Fund (the "Fund") for the period of November 1, 2025 to April 30, 2026. You can find additional information about the Fund at bny.com/investments/literaturecenter. 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.

#### What were the Fund's costs for the last six months ?
(based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| **Share Class** | **Costs of a $10,000 investment** |
| Class I<sup>\*</sup> | $13 0.25%<sup>\*\*</sup> |

---

\* <sup>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.</sup> <br> \*\* <sup>Annualized.</sup>

**KEY FUND STATISTICS (AS OF 4/30/26)**

---

| | | |
|:---|:---|:---|
| **<br>Fund Size (Millions)** | **<br>Number of Holdings** | **<br>Portfolio Turnover** |
| $845 | 609 | 28.66% |

---

**Portfolio Holdings (as of 4/30/26)**

**Top Ten Holdings (Based on Net Assets) <sup>\*</sup>**![Graphical Representation - Top N Holdings Chart](chartimages_11848000.jpg)

\* Excludes money market funds or other short-term securities held for the investment of cash and cash collateral for securities loaned, if any.

**Sector Allocation (Based on Net Assets)**

![Graphical Representation - Allocation 1 Chart](chartimages_11847976.jpg)

**For additional information about the Fund, including its prospectus, financial information, portfolio holdings and proxy voting information, please visit bny.com/investments/literaturecenter .**

 **Not FDIC Insured. Not Bank-Guaranteed. May Lose Value**© 2026 **BNY Mellon Securities Corporation**, Distributor,

240 Greenwich Street, 9th Floor, New York, NY 10286

Code-4036SA0426

![TSR- BNY Investment Logo](images_31331.jpg)

------

**Item 2.** **Code of Ethics.**

Not applicable.

**Item 3.** **Audit Committee Financial Expert.**

Not applicable.

**Item 4.** **Principal Accountant Fees and Services.**

Not applicable.

**Item 5.** **Audit Committee of Listed Registrants.**

Not applicable.

**Item 6.** **Investments.**

Not applicable.

BNY Mellon International Stock Index Fund

**SEMI-ANNUAL FINANCIALS AND OTHER INFORMATION**

April 30, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Class** | **Ticker** |
| Investor | DIISX |
| I | DINIX |

---

![](imge24834441.gif)

------

**Save time. Save paper. View your next shareholder report online as soon as it's available. Log into** www.bny.com/investments **and sign up for eCommunications. It's simple and only takes a few minutes.**

------

The views expressed in this report reflect those of the portfolio manager(s) only through the end of the period covered and do not necessarily represent the views of BNY Mellon Investment Adviser, Inc. or any other person in the BNY Mellon Investment Adviser, Inc. organization. Any such views are subject to change at any time based upon market or other conditions and BNY Mellon Investment Adviser, Inc. disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a fund in the BNY Mellon Family of Funds are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any fund in the BNY Mellon

Family of Funds.

Not FDIC-Insured • Not Bank-Guaranteed • May Lose Value

------

Contents

The Fund

Please note the Semi-Annual Financials and Other Information only contains Items 7-11 required in Form N-CSR. All other required items will be filed with the Securities and Exchange Commission (the "SEC").

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **[Item 7. Financial Statements and Financial Highlights for Open-End Management](#xx_6098e719-d421-4b31-8ec8-19bd26c506a8_SOI-Commoncontent-4765_1)**<br> **[Investment Companies](#xx_6098e719-d421-4b31-8ec8-19bd26c506a8_SOI-Commoncontent-4765_1)**<br>| 3 |
| [Schedule of Investments](#xx_6098e719-d421-4b31-8ec8-19bd26c506a8_SOI-Commoncontent-4765_1) | 3 |
| [Statement of Assets and Liabilities](#xx_6098e719-d421-4b31-8ec8-19bd26c506a8_FS-Commoncontent-4765_1) | 19 |
| [Statement of Operations](#xx_6098e719-d421-4b31-8ec8-19bd26c506a8_FS-Commoncontent-4765_2) | 20 |
| [Statement of Changes in Net Assets](#xx_6098e719-d421-4b31-8ec8-19bd26c506a8_FS-Commoncontent-4765_3) | 21 |
| [Financial Highlights](#xx_6098e719-d421-4b31-8ec8-19bd26c506a8_FIHI-Commoncontent-4765_1) | 22 |
| [Notes to Financial Statements](#xx_6098e719-d421-4b31-8ec8-19bd26c506a8_NTF-Commoncontent-4765_1) | 24 |
| **[Item 8. Changes in and Disagreements with Accountants for Open-End Management](#xx_6098e719-d421-4b31-8ec8-19bd26c506a8_CDA-Commoncontent-4765_1)**<br> **[Investment Companies](#xx_6098e719-d421-4b31-8ec8-19bd26c506a8_CDA-Commoncontent-4765_1)**<br>| 30 |
| **[Item 9. Proxy Disclosures for Open-End Management Investment Companies](#xx_6098e719-d421-4b31-8ec8-19bd26c506a8_PRXD-Commoncontent-4765_1)** | 31 |
| **[Item 10. Remuneration Paid to Directors, Officers, and Other of Open-End](#xx_6098e719-d421-4b31-8ec8-19bd26c506a8_RMNP-Commoncontent-4765_1)**<br> **[Management Investment Companies](#xx_6098e719-d421-4b31-8ec8-19bd26c506a8_RMNP-Commoncontent-4765_1)**<br>| 32 |
| **[Item 11. Statement Regarding Basis for Approval of Investment Advisory Contracts](#xx_6098e719-d421-4b31-8ec8-19bd26c506a8_AAA-Commoncontent-4765_1)** | 33 |

---

------

Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.

BNY Mellon International Stock Index Fund

SCHEDULE OF INVESTMENTS

April 30, 2026 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 97.6%** | **Equity Securities - Common Stocks — 97.6%** | **Equity Securities - Common Stocks — 97.6%** |
| **Australia — 6.5%** | **Australia — 6.5%** | **Australia — 6.5%** |
| ANZ Group Holdings Ltd. | 44760 | 1191320 |
| APA Group | 19079 | 142037 |
| Aristocrat Leisure Ltd. | 8167 | 281420 |
| ASX Ltd. | 2823 | 123930 |
| BHP Group Ltd. | 75420 | 2985552 |
| Brambles Ltd. | 19982 | 325779 |
| CAR Group Ltd.<sup>(a)</sup>  | 5685 | 105563 |
| Cochlear Ltd. | 990 | 67789 |
| Coles Group Ltd. | 19906 | 317381 |
| Commonwealth Bank of Australia | 24850 | 3116671 |
| Computershare Ltd. | 7679 | 167824 |
| CSL Ltd. | 7204 | 650293 |
| Evolution Mining Ltd. | 30026 | 260974 |
| Fortescue Ltd. | 24814 | 355897 |
| Goodman Group | 30222 | 653803 |
| Insurance Australia Group Ltd. | 35673 | 191686 |
| Lynas Rare Earths Ltd.<sup>(b)</sup>  | 13785 | 197003 |
| Macquarie Group Ltd. | 5377 | 922211 |
| Medibank Private Ltd. | 42229 | 142842 |
| National Australia Bank Ltd. | 45552 | 1313059 |
| Northern Star Resources Ltd. | 20361 | 311170 |
| Origin Energy Ltd. | 25450 | 223145 |
| Pro Medicus Ltd.<sup>(a)</sup>  | 907 | 89335 |
| Qantas Airways Ltd. | 11594 | 70657 |
| QBE Insurance Group Ltd. | 22107 | 356631 |
| REA Group Ltd.<sup>(a)</sup>  | 806 | 100044 |
| Rio Tinto Ltd. | 5488 | 663158 |
| Santos Ltd. | 48092 | 276679 |
| Scentre Group | 76678 | 206470 |
| SGH Ltd. | 2870 | 80996 |
| Sigma Healthcare Ltd. | 77297 | 156127 |
| Sonic Healthcare Ltd. | 6765 | 97084 |
| South32 Ltd. | 66839 | 198348 |
| Stockland | 36194 | 105867 |
| Suncorp Group Ltd.<sup>(a)</sup>  | 15881 | 196003 |
| Telstra Group Ltd. | 59174 | 227014 |
| The Lottery Corp., Ltd. | 34461 | 137588 |
| Transurban Group | 45945 | 466536 |
| Vicinity Ltd.<sup>(a)</sup>  | 58366 | 105662 |
| Washington H Soul Pattinson & Co. Ltd. | 5142 | 156229 |
| Wesfarmers Ltd. | 16859 | 891050 |
| Westpac Banking Corp. | 50790 | 1411542 |
| WiseTech Global Ltd. | 3158 | 98459 |
| Woodside Energy Group Ltd. | 28231 | 675783 |
| Woolworths Group Ltd. | 18102 | 448348 |
|  |  | **21262959** |
| **Austria — .3%** | **Austria — .3%** | **Austria — .3%** |
| BAWAG Group AG<sup>(c)</sup>  | 973 | 167778 |

---

**3**

------

SCHEDULE OF INVESTMENTS (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** |
| **Austria — .3% (continued)** | **Austria — .3% (continued)** | **Austria — .3% (continued)** |
| Erste Group Bank AG | 4572 | 510820 |
| OMV AG | 2227 | 157271 |
| Raiffeisen Bank International AG | 2032 | 111853 |
| Verbund AG | 1026 | 77405 |
|  |  | **1025127** |
| **Belgium — .9%** | **Belgium — .9%** | **Belgium — .9%** |
| Ageas SA | 2210 | 172984 |
| Anheuser-Busch InBev SA | 14678 | 1109509 |
| D'ieteren Group | 320 | 66116 |
| Elia Group SA<sup>(b)</sup>  | 675 | 112266 |
| Financiere de Tubize SA | 298 | 68587 |
| Groupe Bruxelles Lambert NV | 1200 | 112539 |
| KBC Group NV | 3416 | 455871 |
| Lotus Bakeries NV | 6 | 72662 |
| Sofina SA | 257 | 66179 |
| Syensqo SA | 1164 | 76963 |
| UCB SA | 1867 | 503904 |
|  |  | **2817580** |
| **Chile — .1%** | **Chile — .1%** | **Chile — .1%** |
| Antofagasta PLC | 5871 | **288710** |
| **China — .0%** | **China — .0%** | **China — .0%** |
| Yangzijiang Shipbuilding Holdings Ltd. | 40100 | **136773** |
| **Czechia — .0%** | **Czechia — .0%** | **Czechia — .0%** |
| CSG NV<sup>(b)</sup>  | 2853 | **61855** |
| **Denmark — 1.6%** | **Denmark — 1.6%** | **Denmark — 1.6%** |
| AP Moller - Maersk A/S, Cl. A | 43 | 100817 |
| AP Moller - Maersk A/S, Cl. B | 60 | 142109 |
| Carlsberg A/S, Cl. B | 1368 | 185160 |
| Coloplast A/S, Cl. B | 1857 | 115093 |
| Danske Bank A/S | 9920 | 509636 |
| Demant A/S<sup>(b)</sup>  | 1325 | 41967 |
| DSV A/S | 3035 | 742454 |
| Genmab A/S<sup>(b)</sup>  | 893 | 236353 |
| Novo Nordisk A/S, Cl. B | 47825 | 2013803 |
| Novonesis Novozymes B, Cl. B | 5275 | 323689 |
| Orsted A/S<sup>(b),(c)</sup>  | 7752 | 207752 |
| Pandora A/S | 1195 | 90995 |
| Rockwool A/S, Cl. B | 1610 | 46750 |
| Tryg A/S | 4885 | 117225 |
| Vestas Wind Systems A/S | 15150 | 465984 |
|  |  | **5339787** |
| **Finland — 1.3%** | **Finland — 1.3%** | **Finland — 1.3%** |
| Elisa OYJ | 2158 | 104710 |
| Fortum OYJ | 6594 | 166212 |
| Kesko OYJ, Cl. B | 4083 | 100468 |
| Kone OYJ, Cl. B | 5114 | 325430 |
| Metso OYJ | 9831 | 171408 |
| Neste OYJ | 6233 | 214945 |
| Nokia OYJ | 78588 | 987125 |
| Nordea Bank Abp | 45892 | 861762 |
| Orion OYJ, Cl. B | 1643 | 132721 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** |
| **Finland — 1.3% (continued)** | **Finland — 1.3% (continued)** | **Finland — 1.3% (continued)** |
| Sampo OYJ, Cl. A | 35291 | 366639 |
| Stora Enso OYJ, Cl. R | 8557 | 95793 |
| UPM-Kymmene OYJ | 7911 | 237766 |
| Wartsila OYJ Abp | 7543 | 316753 |
|  |  | **4081732** |
| **France — 8.9%** | **France — 8.9%** | **France — 8.9%** |
| Accor SA | 2739 | 136172 |
| Aeroports de Paris SA | 528 | 64143 |
| Air Liquide SA | 8604 | 1852092 |
| Alstom SA<sup>(b)</sup>  | 5255 | 106461 |
| Amundi SA<sup>(c)</sup>  | 939 | 90927 |
| AXA SA | 24833 | 1196216 |
| Ayvens SA<sup>(c)</sup>  | 4668 | 63136 |
| BioMerieux | 641 | 54047 |
| BNP Paribas SA | 14925 | 1570781 |
| Bollore SE | 10987 | 69364 |
| Bouygues SA | 2803 | 166378 |
| Bureau Veritas SA | 5053 | 154973 |
| Capgemini SE | 2311 | 279710 |
| Carrefour SA | 8567 | 170554 |
| Cie de Saint-Gobain SA | 6587 | 601703 |
| Cie Generale des Etablissements Michelin SCA | 9557 | 346881 |
| Covivio SA | 786 | 52009 |
| Credit Agricole SA | 15836 | 307419 |
| Danone SA | 9613 | 753831 |
| Dassault Aviation SA | 292 | 102026 |
| Dassault Systemes SE | 10114 | 228231 |
| Eiffage SA | 1008 | 162646 |
| Engie SA | 27122 | 895607 |
| EssilorLuxottica SA | 4472 | 953629 |
| Gecina SA | 701 | 59259 |
| Getlink SE<sup>(a)</sup>  | 4710 | 105529 |
| Hermes International SCA | 470 | 900409 |
| Ipsen SA | 539 | 106041 |
| Kering SA | 1109 | 301984 |
| Klepierre SA | 3304 | 133843 |
| Legrand SA | 3936 | 704863 |
| L'Oreal SA | 3567 | 1530104 |
| LVMH Moet Hennessy Louis Vuitton SE | 3695 | 1960743 |
| Orange SA | 27651 | 577750 |
| Pernod Ricard SA | 2949 | 217802 |
| Publicis Groupe SA | 3433 | 321229 |
| Renault SA | 2735 | 96370 |
| Rexel SA | 3369 | 142050 |
| Safran SA | 5280 | 1683495 |
| Sanofi SA | 16298 | 1522558 |
| Sartorius Stedim Biotech | 434 | 80385 |
| Schneider Electric SE | 8142 | 2571357 |
| Societe Generale SA | 10249 | 820687 |
| Sodexo SA | 1228 | 62483 |
| Thales SA | 1378 | 377906 |

---

**5**

------

SCHEDULE OF INVESTMENTS (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** |
| **France — 8.9% (continued)** | **France — 8.9% (continued)** | **France — 8.9% (continued)** |
| TotalEnergies SE | 29490 | 2745937 |
| Unibail-Rodamco-Westfield | 1760 | 214534 |
| Veolia Environnement SA | 9472 | 400668 |
| Vinci SA | 7344 | 1111284 |
|  |  | **29128206** |
| **Germany — 8.6%** | **Germany — 8.6%** | **Germany — 8.6%** |
| adidas AG | 2553 | 442416 |
| Allianz SE | 5649 | 2582666 |
| BASF SE | 13254 | 851674 |
| Bayer AG | 14581 | 651069 |
| Bayerische Motoren Werke AG | 4186 | 383415 |
| Beiersdorf AG | 1381 | 114342 |
| Brenntag SE | 1846 | 134381 |
| Commerzbank AG | 10938 | 452888 |
| Continental AG | 1616 | 121905 |
| CTS Eventim AG & Co. KGaA | 891 | 58754 |
| Daimler Truck Holding AG | 6912 | 348776 |
| Delivery Hero SE<sup>(b),(c)</sup>  | 2659 | 64297 |
| Deutsche Bank AG | 26953 | 839902 |
| Deutsche Boerse AG | 2796 | 858729 |
| Deutsche Lufthansa AG | 9404 | 80760 |
| Deutsche Post AG | 13662 | 806947 |
| Deutsche Telekom AG | 54630 | 1768364 |
| E.ON SE | 33339 | 738484 |
| Evonik Industries AG | 3582 | 74333 |
| Fresenius Medical Care AG | 3305 | 149853 |
| Fresenius SE & Co. KGaA | 6305 | 305627 |
| GEA Group AG | 2181 | 149525 |
| Hannover Rueck SE | 887 | 268094 |
| Heidelberg Materials AG | 1985 | 439665 |
| Henkel AG & Co. KGaA | 1515 | 104393 |
| Hensoldt AG | 953 | 86262 |
| HOCHTIEF AG | 227 | 122016 |
| Infineon Technologies AG | 19392 | 1303234 |
| Knorr-Bremse AG | 1070 | 124415 |
| LEG Immobilien SE | 1149 | 80342 |
| Mercedes-Benz Group AG | 10714 | 624452 |
| Merck KGaA | 1915 | 247605 |
| MTU Aero Engines AG | 795 | 273469 |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 1940 | 1162639 |
| Nemetschek SE | 839 | 60858 |
| Rational AG | 76 | 55849 |
| Rheinmetall AG | 683 | 1087794 |
| RWE AG | 9389 | 682706 |
| SAP SE | 15506 | 2654865 |
| Scout24 SE<sup>(c)</sup>  | 1154 | 96265 |
| Siemens AG | 11286 | 3352105 |
| Siemens Energy AG | 11508 | 2440962 |
| Siemens Healthineers AG<sup>(c)</sup>  | 4957 | 203137 |
| Symrise AG | 2021 | 178647 |
| Talanx AG | 997 | 129917 |

---

**6**

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** |
| **Germany — 8.6% (continued)** | **Germany — 8.6% (continued)** | **Germany — 8.6% (continued)** |
| Vonovia SE | 11423 | 307513 |
| Zalando SE<sup>(b),(c)</sup>  | 3481 | 85845 |
|  |  | **28152156** |
| **Hong Kong — 2.1%** | **Hong Kong — 2.1%** | **Hong Kong — 2.1%** |
| AIA Group Ltd. | 156000 | 1718162 |
| BOC Hong Kong Holdings Ltd. | 54000 | 310240 |
| CK Asset Holdings Ltd. | 27475 | 172547 |
| CK Hutchison Holdings Ltd. | 40475 | 339711 |
| CK Infrastructure Holdings Ltd. | 9500 | 79555 |
| CLP Holdings Ltd. | 24788 | 237852 |
| Futu Holdings Ltd., ADR | 873 | 134887 |
| Galaxy Entertainment Group Ltd. | 30277 | 129054 |
| Henderson Land Development Co. Ltd.<sup>(a)</sup>  | 22138 | 87520 |
| HKT Trust & HKT Ltd. | 55660 | 90331 |
| Hong Kong & China Gas Co. Ltd. | 166267 | 153630 |
| Hong Kong Exchanges & Clearing Ltd. | 17842 | 947723 |
| Hongkong Land Holdings Ltd. | 16300 | 129275 |
| Jardine Matheson Holdings Ltd. | 2446 | 166370 |
| Link REIT | 39339 | 197761 |
| MTR Corp. Ltd.<sup>(a)</sup>  | 24256 | 103889 |
| Power Assets Holdings Ltd. | 20000 | 165483 |
| Prudential PLC | 37677 | 564483 |
| Sino Land Co. Ltd. | 55631 | 89358 |
| SITC International Holdings Co. Ltd. | 21000 | 88243 |
| Sun Hung Kai Properties Ltd. | 21199 | 371817 |
| Swire Pacific Ltd., Cl. A | 5500 | 59940 |
| Techtronic Industries Co. Ltd. | 21365 | 311146 |
| The Wharf Holdings Ltd. | 15000 | 49634 |
| WH Group Ltd.<sup>(c)</sup>  | 122885 | 150625 |
| Wharf Real Estate Investment Co. Ltd. | 25311 | 79353 |
|  |  | **6928589** |
| **Ireland — .7%** | **Ireland — .7%** | **Ireland — .7%** |
| AerCap Holdings NV | 2520 | 358369 |
| AIB Group PLC | 31730 | 361278 |
| Bank of Ireland Group PLC | 14087 | 279368 |
| Experian PLC | 13625 | 497468 |
| Kerry Group PLC, Cl. A | 2360 | 200525 |
| Kingspan Group PLC | 2243 | 207700 |
| Ryanair Holdings PLC | 12584 | 336100 |
|  |  | **2240808** |
| **Israel — 1.1%** | **Israel — 1.1%** | **Israel — 1.1%** |
| Azrieli Group Ltd. | 604 | 97323 |
| Bank Hapoalim BM | 18736 | 503086 |
| Bank Leumi Le-Israel BM | 21844 | 553657 |
| Check Point Software Technologies Ltd.<sup>(b)</sup>  | 1305 | 146773 |
| Elbit Systems Ltd. | 409 | 340397 |
| ICL Group Ltd. | 10991 | 59101 |
| Israel Discount Bank Ltd., Cl. A | 18075 | 202003 |
| Mizrahi Tefahot Bank Ltd. | 2295 | 181356 |
| Monday.com Ltd.<sup>(b)</sup>  | 674 | 44397 |
| Nice Ltd.<sup>(b)</sup>  | 916 | 93098 |

---

**7**

------

SCHEDULE OF INVESTMENTS (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** |
| **Israel — 1.1% (continued)** | **Israel — 1.1% (continued)** | **Israel — 1.1% (continued)** |
| Nova Ltd.<sup>(b)</sup>  | 434 | 215887 |
| Phoenix Financial Ltd. | 3424 | 206439 |
| Teva Pharmaceutical Industries Ltd., ADR<sup>(b)</sup>  | 16946 | 594296 |
| Tower Semiconductor Ltd.<sup>(b)</sup>  | 1657 | 348803 |
|  |  | **3586616** |
| **Italy — 3.1%** | **Italy — 3.1%** | **Italy — 3.1%** |
| Banca Mediolanum SpA | 3327 | 72909 |
| Banca Monte dei Paschi di Siena SpA | 28944 | 310648 |
| Banco BPM SpA | 17127 | 249563 |
| BPER Banca SPA | 22193 | 327425 |
| Buzzi SpA | 1218 | 66669 |
| Davide Campari-Milano NV | 9002 | 66662 |
| Enel SpA | 122385 | 1427905 |
| Eni SpA | 30373 | 858357 |
| Ferrari NV | 1867 | 643917 |
| FinecoBank Banca Fineco SpA | 9189 | 227843 |
| Generali<sup>(a)</sup>  | 12658 | 566796 |
| Intesa Sanpaolo SpA | 206866 | 1405683 |
| Italgas SpA | 7934 | 95917 |
| Leonardo SpA | 5951 | 370579 |
| Moncler SpA | 3464 | 208787 |
| Poste Italiane SpA<sup>(c)</sup>  | 6807 | 180730 |
| Prysmian SpA | 4237 | 642079 |
| Recordati Industria Chimica e Farmaceutica SpA | 1701 | 99152 |
| Snam SpA | 29849 | 235712 |
| Telecom Italia SpA<sup>(b)</sup>  | 173001 | 136404 |
| Telecom Italia SpA<sup>(b)</sup>  | 66553 | 61401 |
| Terna - Rete Elettrica Nazionale | 21066 | 253567 |
| UniCredit SpA | 20818 | 1608821 |
| Unipol Assicurazioni SpA | 5403 | 141131 |
|  |  | **10258657** |
| **Japan — 22.7%** | **Japan — 22.7%** | **Japan — 22.7%** |
| Advantest Corp. | 11400 | 2135415 |
| Aeon Co. Ltd. | 33200 | 319528 |
| AGC, Inc. | 2860 | 102673 |
| Aisin Corp. | 7500 | 120054 |
| Ajinomoto Co., Inc. | 13400 | 435274 |
| ANA Holdings, Inc. | 2300 | 38220 |
| Asahi Group Holdings Ltd. | 22200 | 219913 |
| Asahi Kasei Corp. | 19500 | 191455 |
| Asics Corp. | 10300 | 293439 |
| Astellas Pharma, Inc. | 27195 | 390039 |
| Bandai Namco Holdings, Inc. | 8850 | 205502 |
| Bridgestone Corp. | 16900 | 354060 |
| Canon, Inc. | 13017 | 335082 |
| Capcom Co. Ltd. | 5200 | 109616 |
| Central Japan Railway Co. | 11400 | 273732 |
| Chubu Electric Power Co., Inc. | 10500 | 181440 |
| Chugai Pharmaceutical Co. Ltd. | 10084 | 529909 |
| Dai Nippon Printing Co. Ltd. | 5700 | 108719 |
| Daifuku Co. Ltd. | 4700 | 205333 |

---

**8**

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** |
| **Japan — 22.7% (continued)** | **Japan — 22.7% (continued)** | **Japan — 22.7% (continued)** |
| Daiichi Life Group, Inc. | 52200 | 482723 |
| Daiichi Sankyo Co. Ltd. | 27049 | 448781 |
| Daikin Industries Ltd. | 3900 | 555697 |
| Daito Trust Construction Co. Ltd. | 4500 | 101181 |
| Daiwa House Industry Co. Ltd. | 8300 | 254454 |
| Daiwa Securities Group, Inc. | 20000 | 188671 |
| Denso Corp. | 26100 | 313675 |
| Disco Corp. | 1400 | 674079 |
| East Japan Railway Co. | 14200 | 307747 |
| Ebara Corp. | 6800 | 238425 |
| Eisai Co. Ltd. | 3800 | 114161 |
| ENEOS Holdings, Inc. | 40226 | 340545 |
| FANUC Corp. | 13945 | 618638 |
| Fast Retailing Co. Ltd. | 2774 | 1301212 |
| Fuji Electric Co. Ltd. | 2000 | 169097 |
| FUJIFILM Holdings Corp. | 16600 | 307550 |
| Fujikura Ltd. | 22200 | 875890 |
| Fujitsu Ltd. | 26400 | 536071 |
| Hankyu Hanshin Holdings, Inc. | 3600 | 104040 |
| Hikari Tsushin, Inc. | 200 | 48780 |
| Hitachi Ltd. | 68000 | 2138372 |
| Honda Motor Co. Ltd. | 55177 | 445965 |
| Hoya Corp. | 5000 | 936063 |
| Hulic Co. Ltd. | 7200 | 81466 |
| Ibiden Co. Ltd. | 3600 | 313945 |
| Idemitsu Kosan Co. Ltd. | 11675 | 101088 |
| IHI Corp. | 15500 | 284780 |
| Inpex Corp. | 13000 | 339050 |
| Isuzu Motors Ltd. | 8100 | 111789 |
| ITOCHU Corp. | 88300 | 1100937 |
| Japan Airlines Co. Ltd. | 2000 | 31408 |
| Japan Exchange Group, Inc. | 15000 | 179576 |
| Japan Post Bank Co. Ltd. | 26200 | 454139 |
| Japan Post Holdings Co. Ltd. | 26900 | 314517 |
| Japan Post Insurance Co. Ltd. | 8400 | 82384 |
| Japan Tobacco, Inc. | 18000 | 675910 |
| JFE Holdings, Inc. | 8760 | 96412 |
| JX Advanced Metals Corp. | 8300 | 257491 |
| Kajima Corp. | 6200 | 244058 |
| Kao Corp. | 6800 | 253211 |
| Kawasaki Heavy Industries Ltd. | 11500 | 238543 |
| Kawasaki Kisen Kaisha Ltd. | 5100 | 83736 |
| KDDI Corp. | 44126 | 726688 |
| Keyence Corp. | 2840 | 1300828 |
| Kikkoman Corp. | 10100 | 92214 |
| Kioxia Holdings Corp.<sup>(b)</sup>  | 2800 | 696537 |
| Kirin Holdings Company Ltd. | 11600 | 183105 |
| Komatsu Ltd. | 14200 | 600216 |
| Konami Group Corp. | 1500 | 182091 |
| Kubota Corp. | 14600 | 239945 |
| Kyocera Corp. | 19000 | 331590 |

---

**9**

------

SCHEDULE OF INVESTMENTS (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** |
| **Japan — 22.7% (continued)** | **Japan — 22.7% (continued)** | **Japan — 22.7% (continued)** |
| Kyowa Kirin Co. Ltd. | 3505 | 53134 |
| Lasertec Corp. | 1200 | 332858 |
| LY Corp. | 41800 | 110555 |
| M3, Inc.<sup>(a)</sup>  | 6400 | 61669 |
| Makita Corp. | 3300 | 123923 |
| Marubeni Corp. | 20900 | 817965 |
| MatsukiyoCocokara & Co. | 4900 | 71608 |
| Minebea Mitsumi, Inc. | 5100 | 102551 |
| Mitsubishi Chemical Group Corp. | 17780 | 103877 |
| Mitsubishi Corp. | 47894 | 1547178 |
| Mitsubishi Electric Corp. | 28200 | 1132449 |
| Mitsubishi Estate Co. Ltd. | 15700 | 447621 |
| Mitsubishi HC Capital, Inc. | 13000 | 118475 |
| Mitsubishi Heavy Industries Ltd. | 47600 | 1412217 |
| Mitsubishi UFJ Financial Group, Inc. | 167390 | 3034190 |
| Mitsui & Co. Ltd. | 36700 | 1392659 |
| Mitsui Fudosan Co. Ltd. | 39558 | 432703 |
| Mitsui O.S.K. Lines Ltd.<sup>(a)</sup>  | 5200 | 195852 |
| Mizuho Financial Group, Inc. | 36950 | 1601819 |
| MonotaRO Co. Ltd. | 3700 | 44478 |
| MS&AD Insurance Group Holdings, Inc. | 19271 | 499564 |
| Murata Manufacturing Co. Ltd. | 25100 | 835509 |
| NEC Corp. | 19500 | 520734 |
| Nexon Co. Ltd. | 5500 | 93330 |
| NIDEC Corp.<sup>(b)</sup>  | 12800 | 196848 |
| Nintendo Co. Ltd. | 16350 | 795371 |
| Nippon Building Fund, Inc. | 113 | 94987 |
| Nippon Paint Holdings Co. Ltd. | 14300 | 90461 |
| Nippon Sanso Holdings Corp. | 2600 | 92549 |
| Nippon Steel Corp. | 72505 | 265875 |
| Nippon Yusen KK | 6040 | 219421 |
| Nissan Motor Co. Ltd.<sup>(a),(b)</sup>  | 32600 | 74600 |
| Nitori Holdings Co. Ltd. | 5900 | 85141 |
| Nitto Denko Corp. | 10000 | 193009 |
| Nomura Holdings, Inc. | 44600 | 357723 |
| Nomura Research Institute Ltd. | 5849 | 157570 |
| NTT, Inc. | 440600 | 429378 |
| Obayashi Corp. | 9500 | 223728 |
| OBIC Co. Ltd. | 5000 | 131985 |
| Olympus Corp. | 17100 | 168866 |
| Oracle Corp. | 500 | 27844 |
| Oriental Land Co. Ltd.<sup>(a)</sup>  | 15900 | 222278 |
| ORIX Corp. | 17300 | 577934 |
| Osaka Gas Co. Ltd. | 5400 | 196358 |
| Otsuka Corp. | 3500 | 65466 |
| Otsuka Holdings Co. Ltd. | 6400 | 468851 |
| Pan Pacific International Holdings Corp. | 27800 | 158226 |
| Panasonic Holdings Corp. | 34895 | 720310 |
| Rakuten Group, Inc.<sup>(b)</sup>  | 23100 | 112629 |
| Recruit Holdings Co. Ltd. | 20900 | 975649 |
| Renesas Electronics Corp. | 26500 | 550117 |

---

**10**

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** |
| **Japan — 22.7% (continued)** | **Japan — 22.7% (continued)** | **Japan — 22.7% (continued)** |
| Resona Holdings, Inc. | 30800 | 384533 |
| Ryohin Keikaku Co. Ltd. | 7400 | 171671 |
| Sanrio Co. Ltd.<sup>(a)</sup>  | 13500 | 78830 |
| SBI Holdings, Inc. | 8560 | 174096 |
| SCREEN Holdings Co. Ltd. | 2400 | 158547 |
| SECOM Co. Ltd. | 5800 | 213283 |
| Seibu Holdings, Inc. | 3100 | 73721 |
| Sekisui Chemical Co. Ltd. | 5700 | 86537 |
| Sekisui House Ltd. | 9000 | 196031 |
| Seven & i Holdings Co. Ltd. | 30880 | 368850 |
| Shimadzu Corp. | 3700 | 86263 |
| Shimano, Inc. | 1100 | 115305 |
| Shimizu Corp. | 7500 | 146802 |
| Shin-Etsu Chemical Co. Ltd. | 25100 | 1169619 |
| Shionogi & Co. Ltd. | 11500 | 234585 |
| Shiseido Co. Ltd. | 5800 | 118207 |
| SMC Corp. | 800 | 392456 |
| SoftBank Corp. | 432700 | 613468 |
| SoftBank Group Corp. | 55160 | 1868478 |
| Sompo Holdings, Inc. | 13310 | 494841 |
| Sony Financial Group, Inc. | 93300 | 83677 |
| Sony Group Corp. | 91300 | 1825446 |
| Subaru Corp. | 8800 | 130949 |
| Sumitomo Corp. | 16100 | 605152 |
| Sumitomo Electric Industries Ltd. | 10600 | 699042 |
| Sumitomo Metal Mining Co. Ltd. | 3600 | 219695 |
| Sumitomo Mitsui Financial Group, Inc. | 54400 | 1915660 |
| Sumitomo Mitsui Trust Group, Inc. | 9328 | 310766 |
| Sumitomo Realty & Development Co. Ltd. | 9200 | 286789 |
| Suntory Beverage & Food Ltd. | 2000 | 57567 |
| Suzuki Motor Corp. | 23200 | 258939 |
| Sysmex Corp. | 7200 | 63380 |
| T&D Holdings, Inc. | 6700 | 163124 |
| Taisei Corp. | 2200 | 240243 |
| Takeda Pharmaceutical Co. Ltd. | 23623 | 785733 |
| TDK Corp. | 28900 | 539180 |
| Terumo Corp. | 19800 | 253614 |
| The Chiba Bank Ltd. | 8500 | 119053 |
| The Kansai Electric Power Company, Inc. | 13899 | 223259 |
| TIS, Inc. | 3000 | 65958 |
| Toho Co. Ltd. | 8000 | 74444 |
| Tokio Marine Holdings, Inc. | 27300 | 1237669 |
| Tokyo Electron Ltd. | 6600 | 1957840 |
| Tokyo Gas Co. Ltd. | 4700 | 200746 |
| Tokyu Corp. | 7710 | 82112 |
| TOPPAN Holdings, Inc. | 3500 | 104809 |
| Toray Industries, Inc. | 20200 | 144790 |
| Toyota Industries Corp.<sup>(b)</sup>  | 500 | 65235 |
| Toyota Motor Corp. | 140775 | 2693997 |
| Toyota Tsusho Corp. | 10200 | 401658 |
| Tsuruha Holdings, Inc. | 3400 | 44589 |

---

**11**

------

SCHEDULE OF INVESTMENTS (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** |
| **Japan — 22.7% (continued)** | **Japan — 22.7% (continued)** | **Japan — 22.7% (continued)** |
| Unicharm Corp. | 16600 | 96947 |
| West Japan Railway Co. | 5900 | 106915 |
| Yamaha Motor Co. Ltd. | 13800 | 97357 |
| Yokogawa Electric Corp. | 3300 | 116220 |
| Yokohama Financial Group, Inc. | 15900 | 151995 |
| Zensho Holdings Co. Ltd. | 1500 | 82607 |
| ZOZO, Inc. | 6700 | 45180 |
|  |  | **74087425** |
| **Luxembourg — .2%** | **Luxembourg — .2%** | **Luxembourg — .2%** |
| ArcelorMittal SA | 6382 | 364078 |
| CVC Capital Partners PLC<sup>(a),(c)</sup>  | 3409 | 51927 |
| Eurofins Scientific SE | 1789 | 124232 |
| Tenaris SA | 5742 | 183520 |
|  |  | **723757** |
| **Macau — .0%** | **Macau — .0%** | **Macau — .0%** |
| Sands China Ltd. | 34613 | **72700** |
| **Mexico — .1%** | **Mexico — .1%** | **Mexico — .1%** |
| Fresnillo PLC | 3325 | **148591** |
| **Netherlands — 6.0%** | **Netherlands — 6.0%** | **Netherlands — 6.0%** |
| ABN AMRO Bank NV, CVA | 8715 | 305379 |
| Adyen NV<sup>(b),(c)</sup>  | 373 | 422090 |
| Aegon Ltd. | 18357 | 151563 |
| Airbus SE | 8824 | 1829483 |
| Akzo Nobel NV | 2563 | 150626 |
| Argenx SE<sup>(b)</sup>  | 919 | 719021 |
| ASM International NV | 692 | 677772 |
| ASML Holding NV | 5764 | 8320922 |
| ASR Nederland NV | 2347 | 178000 |
| BE Semiconductor Industries NV | 1084 | 316869 |
| Euronext NV<sup>(c)</sup>  | 1133 | 190222 |
| EXOR NV | 1387 | 108977 |
| Ferrovial SE | 7729 | 531221 |
| Heineken Holding NV | 1904 | 135524 |
| Heineken NV | 4268 | 330454 |
| ING Groep NV | 43366 | 1257829 |
| Koninklijke Ahold Delhaize NV | 13220 | 621257 |
| Koninklijke KPN NV | 57351 | 307202 |
| Koninklijke Philips NV | 11573 | 305295 |
| Nebius Group NV<sup>(a),(b)</sup>  | 3193 | 441368 |
| NN Group NV | 3957 | 346613 |
| Prosus NV | 19430 | 939237 |
| QIAGEN NV | 3067 | 104474 |
| Randstad NV<sup>(a)</sup>  | 1503 | 44707 |
| Stellantis NV<sup>(b)</sup>  | 30471 | 222698 |
| The Magnum Ice Cream Company NV<sup>(b)</sup>  | 7272 | 106261 |
| Universal Music Group NV | 16233 | 339901 |
| Wolters Kluwer NV | 3442 | 269294 |
|  |  | **19674259** |
| **New Zealand — .2%** | **New Zealand — .2%** | **New Zealand — .2%** |
| Auckland International Airport Ltd. | 25748 | 125656 |
| Contact Energy Ltd. | 12450 | 70080 |

---

**12**

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** |
| **New Zealand — .2% (continued)** | **New Zealand — .2% (continued)** | **New Zealand — .2% (continued)** |
| Fisher & Paykel Healthcare Corp. Ltd. | 8534 | 185018 |
| Infratil Ltd. | 14779 | 109354 |
| Meridian Energy Ltd. | 19902 | 67046 |
| Xero Ltd.<sup>(b)</sup>  | 2572 | 150232 |
|  |  | **707386** |
| **Norway — .7%** | **Norway — .7%** | **Norway — .7%** |
| Aker BP ASA | 4674 | 183478 |
| DNB Bank ASA | 13246 | 401006 |
| Equinor ASA | 11390 | 466396 |
| Gjensidige Forsikring ASA<sup>(a)</sup>  | 3042 | 85338 |
| Kongsberg Gruppen ASA | 6504 | 218062 |
| Mowi ASA | 7004 | 155575 |
| Norsk Hydro ASA | 20347 | 229577 |
| Orkla ASA | 10138 | 125036 |
| Salmar ASA<sup>(a)</sup>  | 949 | 57258 |
| Telenor ASA | 9158 | 150740 |
| Yara International ASA | 2409 | 140163 |
|  |  | **2212629** |
| **Poland — .0%** | **Poland — .0%** | **Poland — .0%** |
| InPost SA<sup>(b)</sup>  | 3686 | **65897** |
| **Portugal — .2%** | **Portugal — .2%** | **Portugal — .2%** |
| Banco Comercial Portugues SA, Cl. R | 113761 | 121451 |
| EDP SA | 47104 | 256763 |
| Galp Energia SGPS SA | 6231 | 146060 |
| Jeronimo Martins SGPS SA | 4151 | 99784 |
|  |  | **624058** |
| **Singapore — 1.6%** | **Singapore — 1.6%** | **Singapore — 1.6%** |
| CapitaLand Ascendas REIT | 59960 | 117720 |
| CapitaLand Integrated Commercial Trust | 92942 | 172696 |
| CapitaLand Investment Ltd. | 36900 | 80989 |
| DBS Group Holdings Ltd. | 31572 | 1456463 |
| Grab Holdings Ltd., Cl. A<sup>(b)</sup>  | 34384 | 131347 |
| Keppel Ltd. | 21600 | 185122 |
| Keppel REIT | 2400 | 1692 |
| Oversea-Chinese Banking Corp. Ltd. | 50324 | 869583 |
| Sea Ltd., ADR<sup>(b)</sup>  | 5923 | 502744 |
| Sembcorp Industries Ltd. | 13400 | 70122 |
| Singapore Airlines Ltd. | 22733 | 112591 |
| Singapore Exchange Ltd. | 12600 | 216184 |
| Singapore Technologies Engineering Ltd. | 23000 | 195070 |
| Singapore Telecommunications Ltd. | 110551 | 399860 |
| United Overseas Bank Ltd. | 18763 | 535693 |
| Wilmar International Ltd. | 26800 | 76216 |
|  |  | **5124092** |
| **Spain — 3.6%** | **Spain — 3.6%** | **Spain — 3.6%** |
| Acciona SA | 350 | 101896 |
| ACS Actividades de Construccion y Servicios SA | 2670 | 385218 |
| Aena SME SA<sup>(c)</sup>  | 11286 | 308264 |
| Amadeus IT Group SA | 6726 | 386813 |
| Banco Bilbao Vizcaya Argentaria SA | 84776 | 1874931 |
| Banco de Sabadell SA | 74613 | 289579 |

---

**13**

------

SCHEDULE OF INVESTMENTS (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** |
| **Spain — 3.6% (continued)** | **Spain — 3.6% (continued)** | **Spain — 3.6% (continued)** |
| Banco Santander SA | 218132 | 2667908 |
| Bankinter SA | 9818 | 163606 |
| CaixaBank SA | 57357 | 731572 |
| Cellnex Telecom SA<sup>(c)</sup>  | 7188 | 241810 |
| EDP Renovaveis SA | 4844 | 80649 |
| Endesa SA | 4733 | 212387 |
| Grifols SA<sup>(a)</sup>  | 4067 | 42887 |
| Iberdrola SA | 95544 | 2239417 |
| Indra Sistemas SA<sup>(a)</sup>  | 1168 | 67254 |
| Industria de Diseno Textil SA | 16198 | 970566 |
| Mapfre SA | 13424 | 65757 |
| Naturgy Energy Group SA | 3514 | 110337 |
| Redeia Corp. SA | 6052 | 105900 |
| Repsol SA | 16635 | 445112 |
| Telefonica SA | 54730 | 248685 |
|  |  | **11740548** |
| **Sweden — 3.5%** | **Sweden — 3.5%** | **Sweden — 3.5%** |
| AddTech AB, Cl. B | 3750 | 136527 |
| Alfa Laval AB | 4304 | 257330 |
| Assa Abloy AB, Cl. B | 14821 | 567147 |
| Atlas Copco AB, Cl. A | 39887 | 771517 |
| Atlas Copco AB, Cl. B | 23487 | 397931 |
| Beijer Ref AB | 6218 | 87651 |
| Boliden AB | 4235 | 223148 |
| Epiroc AB, Cl. A | 9924 | 284789 |
| Epiroc AB, Cl. B | 5600 | 139600 |
| EQT AB<sup>(a)</sup>  | 7461 | 240665 |
| Essity AB, Cl. B | 8738 | 231661 |
| Evolution AB<sup>(c)</sup>  | 1998 | 139464 |
| Fastighets AB Balder, Cl. B<sup>(b)</sup>  | 9923 | 59211 |
| H & M Hennes & Mauritz AB, Cl. B<sup>(a)</sup>  | 7425 | 133110 |
| Hexagon AB, Cl. B | 31292 | 339001 |
| Holmen AB, Cl. B | 1085 | 37446 |
| Industrivarden AB, Cl. A | 1630 | 86628 |
| Industrivarden AB, Cl. C | 2303 | 121188 |
| Indutrade AB | 4006 | 86202 |
| Investment AB Latour, Cl. B | 2140 | 49028 |
| Investor AB, Cl. B | 27055 | 1098923 |
| L E Lundbergforetagen AB, Cl. B | 1087 | 63076 |
| Lifco AB, Cl. B | 3325 | 104202 |
| Nibe Industrier AB, Cl. B | 22916 | 103263 |
| Saab AB, Cl. B | 4795 | 291478 |
| Sagax AB, Cl. B | 3355 | 67030 |
| Sandvik AB | 16009 | 671544 |
| Securitas AB, Cl. B | 7318 | 122522 |
| Skandinaviska Enskilda Banken AB, Cl. A | 22543 | 443581 |
| Skanska AB, Cl. B | 4925 | 132213 |
| SKF AB, Cl. B | 5219 | 130329 |
| Spotify Technology SA<sup>(b)</sup>  | 2325 | 1038229 |
| Svenska Cellulosa AB SCA, Cl. B | 9241 | 105349 |
| Svenska Handelsbanken AB, Cl. A | 21424 | 303648 |

---

**14**

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** |
| **Sweden — 3.5% (continued)** | **Sweden — 3.5% (continued)** | **Sweden — 3.5% (continued)** |
| Swedbank AB, Cl. A | 12519 | 439997 |
| Swedish Orphan Biovitrum AB<sup>(b)</sup>  | 2931 | 136069 |
| Tele2 AB, Cl. B | 7961 | 163358 |
| Telefonaktiebolaget LM Ericsson, Cl. B | 41559 | 491917 |
| Telia Co. AB | 35224 | 184192 |
| Trelleborg AB, Cl. B | 3011 | 123213 |
| Volvo AB, Cl. B | 23599 | 823021 |
|  |  | **11426398** |
| **Switzerland — 9.7%** | **Switzerland — 9.7%** | **Switzerland — 9.7%** |
| ABB Ltd. | 23274 | 2339616 |
| Alcon AG | 7491 | 561221 |
| Avolta AG | 1286 | 70813 |
| Banque Cantonale Vaudoise<sup>(a)</sup>  | 416 | 65587 |
| Barry Callebaut AG | 55 | 82438 |
| Belimo Holding AG | 150 | 138369 |
| BKW AG | 318 | 63616 |
| Chocoladefabriken Lindt & Spruengli AG | 13 | 159381 |
| Chocoladefabriken Lindt & Spruengli AG, PC | 2 | 257871 |
| Cie Financiere Richemont SA, Cl. A | 7983 | 1523523 |
| Coca-Cola HBC AG | 3299 | 192023 |
| DSM-Firmenich AG | 2501 | 186875 |
| EMS-Chemie Holding AG | 98 | 83358 |
| Galderma Group AG | 2692 | 564630 |
| Geberit AG | 505 | 341261 |
| Givaudan SA | 136 | 489409 |
| Glencore PLC | 148126 | 1147414 |
| Helvetia Baloise Holding AG | 1164 | 320000 |
| Holcim AG | 7566 | 705225 |
| Julius Baer Group Ltd. | 3085 | 255307 |
| Kuehne + Nagel International AG | 717 | 168368 |
| Logitech International SA | 2255 | 221699 |
| Lonza Group AG | 1038 | 637665 |
| Nestle SA | 38260 | 3880663 |
| Novartis AG | 28232 | 4195870 |
| Partners Group Holding AG | 339 | 368581 |
| Roche Holding AG<sup>(b)</sup>  | 10433 | 4271521 |
| Roche Holding AG, BR | 474 | 199228 |
| Sandoz Group AG | 6174 | 495381 |
| Schindler Holding AG | 334 | 112140 |
| Schindler Holding AG, PC | 595 | 208464 |
| SGS SA | 2599 | 281958 |
| Sika AG | 2271 | 421902 |
| Sonova Holding AG | 751 | 164404 |
| STMicroelectronics NV | 10125 | 557928 |
| Straumann Holding AG | 1666 | 180594 |
| Swiss Life Holding AG | 423 | 497005 |
| Swiss Prime Site AG | 1158 | 200826 |
| Swiss Re AG | 4437 | 712179 |
| Swisscom AG | 382 | 323496 |
| The Swatch Group AG, BR | 424 | 98073 |
| UBS Group AG | 47140 | 2100296 |

---

**15**

------

SCHEDULE OF INVESTMENTS (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** |
| **Switzerland — 9.7% (continued)** | **Switzerland — 9.7% (continued)** | **Switzerland — 9.7% (continued)** |
| VAT Group AG<sup>(c)</sup>  | 397 | 297378 |
| Zurich Insurance Group AG | 2173 | 1506092 |
|  |  | **31649648** |
| **United Arab Emirates — .0%** | **United Arab Emirates — .0%** | **United Arab Emirates — .0%** |
| NMC Health PLC<sup>(b),(d)</sup>  | 4176 | **1** |
| **United Kingdom — 13.7%** | **United Kingdom — 13.7%** | **United Kingdom — 13.7%** |
| 3i Group PLC | 14682 | 511322 |
| Admiral Group PLC | 3827 | 175878 |
| Airtel Africa PLC<sup>(c)</sup>  | 13275 | 64419 |
| Anglo American PLC | 16605 | 816743 |
| Associated British Foods PLC | 4704 | 116886 |
| AstraZeneca PLC | 23030 | 4378469 |
| Autotrader Group PLC<sup>(c)</sup>  | 12768 | 86146 |
| Aviva PLC | 44963 | 383764 |
| BAE Systems PLC | 44560 | 1239246 |
| Barclays PLC | 205541 | 1200359 |
| Barratt Redrow PLC | 20829 | 71663 |
| BP PLC | 233785 | 1845334 |
| British American Tobacco PLC | 32347 | 1899499 |
| BT Group PLC | 88798 | 261575 |
| Bunzl PLC | 4835 | 159305 |
| Centrica PLC | 68261 | 200029 |
| Coca-Cola Europacific Partners PLC | 3026 | 286169 |
| Compass Group PLC | 25251 | 714226 |
| Diageo PLC | 33022 | 663820 |
| Endeavour Mining PLC | 2959 | 178191 |
| Entain PLC | 8725 | 65105 |
| GSK PLC | 60519 | 1590340 |
| Haleon PLC | 132234 | 610035 |
| Halma PLC | 5626 | 339261 |
| HSBC Holdings PLC | 255047 | 4674527 |
| Imperial Brands PLC | 11117 | 423141 |
| Informa PLC | 18945 | 205987 |
| InterContinental Hotels Group PLC | 2168 | 313782 |
| International Consolidated Airlines Group SA | 18018 | 91554 |
| Intertek Group PLC | 2363 | 153525 |
| J Sainsbury PLC | 25327 | 113282 |
| JD Sports Fashion PLC | 37644 | 34770 |
| Kingfisher PLC | 25702 | 101019 |
| Land Securities Group PLC | 9914 | 80393 |
| Legal & General Group PLC | 83048 | 284244 |
| Lloyds Banking Group PLC | 874434 | 1183660 |
| London Stock Exchange Group PLC | 6806 | 883075 |
| M&G PLC | 34375 | 142681 |
| Marks & Spencer Group PLC | 31416 | 141425 |
| Melrose Industries PLC | 18743 | 124482 |
| National Grid PLC | 73783 | 1319870 |
| NatWest Group PLC | 118761 | 940359 |
| Next PLC | 1744 | 307590 |
| Pearson PLC | 8473 | 124691 |
| Reckitt Benckiser Group PLC | 9575 | 609163 |

---

**16**

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** | **Equity Securities - Common Stocks — 97.6% (continued)** |
| **United Kingdom — 13.7% (continued)** | **United Kingdom — 13.7% (continued)** | **United Kingdom — 13.7% (continued)** |
| RELX PLC | 27040 | 987711 |
| Rentokil Initial PLC | 37329 | 250675 |
| Rio Tinto PLC | 16763 | 1674753 |
| Rolls-Royce Holdings PLC | 124710 | 2034210 |
| Schroders PLC | 10359 | 81748 |
| Segro PLC | 19440 | 185877 |
| Severn Trent PLC | 4031 | 179648 |
| Shell PLC | 84635 | 3842021 |
| Smith & Nephew PLC | 12175 | 188145 |
| Smiths Group PLC | 4765 | 166226 |
| Spirax Group PLC | 1088 | 107200 |
| SSE PLC | 17925 | 644960 |
| Standard Chartered PLC | 28439 | 722797 |
| Standard Life PLC | 10871 | 112707 |
| Tesco PLC | 94669 | 620720 |
| The Sage Group PLC | 14234 | 170588 |
| Unilever PLC | 32383 | 1892774 |
| United Utilities Group PLC | 10126 | 201140 |
| Verisure PLC<sup>(a),(b)</sup>  | 3131 | 38865 |
| Vodafone Group PLC | 275608 | 441056 |
| Whitbread PLC | 2572 | 78512 |
| Wise PLC, Cl. A<sup>(b)</sup>  | 9946 | 142271 |
|  |  | **44875608** |
| **United States — .2%** | **United States — .2%** | **United States — .2%** |
| Sunbelt Rentals Holdings, Inc. | 6182 | **467798** |
| **Total Equity Securities - Common Stocks** <br>(cost $118,367,550)<br>|  | **318910350** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | Preferred <br>Dividend <br>Rate (%)<br>|  |  |
| **Equity Securities - Preferred Stocks — .3%** |  |  |  |
| **Germany — .3%** |  |  |  |
| Bayerische Motoren Werke AG | 4.32 | 828 | 75579 |
| Dr. Ing. h.c. F. Porsche AG | 2.31 | 1599 | 77427 |
| Henkel AG & Co. KGaA | 2.07 | 2371 | 172675 |
| Porsche Automobil Holding SE | 1.91 | 2243 | 81714 |
| Sartorius AG | 0.74 | 393 | 100356 |
| Volkswagen AG | 6.36 | 3012 | 304804 |
| **Total Equity Securities - Preferred Stocks** <br>(cost $712,214)<br>|  |  | **812555** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**17**

------

SCHEDULE OF INVESTMENTS (Unaudited) (continued)

------

---

| | | | |
|:---|:---|:---|:---|
| Description | 1-Day <br>Yield (%)<br>| Shares | Value ($) |
| **Investment Companies — .9%** |  |  |  |
| **Registered Investment Companies — .9%** | **Registered Investment Companies — .9%** | **Registered Investment Companies — .9%** | **Registered Investment Companies — .9%** |
| Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional <br> Shares<sup>(e)</sup> <br>(cost $2,779,544)<br>| 3.70 | 2779544 | **2779544** |
| **Total Investments** (cost $121,859,308) |  | **98.8%**<br>| **322502449** |
| **Cash and Receivables (Net)** |  | **1.2%**<br>| **4043551** |
| **Net Assets** |  | **100.0%**<br>| **326546000** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| ADR—American Depositary Receipt |
| BR—Bearer Certificate |
| CVA—Company Voluntary Arrangement |
| PC—Participation Certificate |
| REIT—Real Estate Investment Trust |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Security, or portion thereof, on loan. At April 30, 2026, the value of the fund's securities on loan was $3,019,277 and the value of the collateral was $3,153,638, consisting of U.S. Government & Agency securities. In addition, the value of collateral may include pending sales that are also on loan. 

<sup>(b)</sup> Non-income producing security.

<sup>(c)</sup> 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 April 30, 2026, these securities amounted to $3,112,212 or 1.0% of net assets. 

<sup>(d)</sup> The fund held Level 3 securities at April 30, 2026. These securities were valued at $1 or .0% of net assets.

<sup>(e)</sup> Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company's prospectus. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Affiliated Issuers** | **Affiliated Issuers** | **Affiliated Issuers** | **Affiliated Issuers** | **Affiliated Issuers** | **Affiliated Issuers** |
| Description | Value ($) <br>10/31/2025<br>| Purchases ($)<sup>†</sup>  | Sales ($) | Value ($) <br>4/30/2026<br>| Dividends/ <br>Distributions ($)<br>|
| **Registered Investment Companies - .9%** | **Registered Investment Companies - .9%** | **Registered Investment Companies - .9%** | **Registered Investment Companies - .9%** | **Registered Investment Companies - .9%** | **Registered Investment Companies - .9%** |
| Dreyfus Institutional Preferred Government Plus Money <br> Market Fund, Institutional Shares - .9%<br>| 2480767 | 34485300 | (34186523) | 2779544 | 50702 |
| **Investment of Cash Collateral for Securities Loaned - .0%** | **Investment of Cash Collateral for Securities Loaned - .0%** | **Investment of Cash Collateral for Securities Loaned - .0%** | **Investment of Cash Collateral for Securities Loaned - .0%** | **Investment of Cash Collateral for Securities Loaned - .0%** | **Investment of Cash Collateral for Securities Loaned - .0%** |
| Dreyfus Institutional Preferred Government Plus Money <br> Market Fund, Institutional Shares - .0%<br>| 252988 | 3743442 | (3996430) | - | 2406<sup>††</sup>  |
| **Total - .9%** | **2733755** | **38228742** | **(38182953)** | **2779544** | **53108** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| <sup>†</sup>  | Includes reinvested dividends/distributions. |
| <sup>††</sup>  | Represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and <br> other payments to and from borrowers of securities.<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures** | **Futures** | **Futures** | **Futures** | **Futures** | **Futures** |
| Description | Number of <br>Contracts<br>| Expiration | Notional <br>Value ($)<br>| Market <br>Value ($)<br>| Unrealized <br>Appreciation ($)<br>|
| **Futures Long** |  |  |  |  |  |
| MSCI EAFE Index | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 6/19/2026 | &nbsp;&nbsp; 4341831 | &nbsp;&nbsp; 4569150 | &nbsp;&nbsp; 227319 |
| **Gross Unrealized Appreciation** | **Gross Unrealized Appreciation** | **Gross Unrealized Appreciation** |  |  | **227319** |

---

See notes to financial statements.

**18**

------

STATEMENT OF ASSETS AND LIABILITIES

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | Cost | Value |
| **Assets ($):** |  |  |
| Investments in securities—See Schedule of Investments <br>(including securities on loan, valued at $3,019,277)—Note 1(c):<br>|  |  |
| Unaffiliated issuers | 119079764 | &nbsp;&nbsp;&nbsp;&nbsp; 319722905 |
| Affiliated issuers | 2779544 | &nbsp;&nbsp;&nbsp;&nbsp; 2779544 |
| Cash |  | &nbsp;&nbsp;&nbsp;&nbsp; 44 |
| Cash denominated in foreign currency | 446511 | &nbsp;&nbsp;&nbsp;&nbsp; 449087 |
| Cash collateral held by broker—Note 4  |  | &nbsp;&nbsp;&nbsp;&nbsp; 192000 |
| Tax reclaim receivable—Note 1(b)  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2037364 |
| Dividends and securities lending income receivable |  | &nbsp;&nbsp;&nbsp;&nbsp; 1169989 |
| Receivable for shares of Common Stock subscribed |  | &nbsp;&nbsp;&nbsp;&nbsp; 311873 |
| Receivable for futures variation margin—Note 4  |  | &nbsp;&nbsp;&nbsp;&nbsp; 103918 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; **326766724** |
| **Liabilities ($):** |  |  |
| Due to BNY Mellon Investment Adviser, Inc. and affiliates—Note 3(b)  |  | &nbsp;&nbsp;&nbsp;&nbsp; 128784 |
| Payable for shares of Common Stock redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp; 77728 |
| Directors' fees and expenses payable |  | &nbsp;&nbsp;&nbsp;&nbsp; 14212 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; **220724** |
| **Net Assets ($)** |  | &nbsp;&nbsp;&nbsp;&nbsp; **326546000** |
| **Composition of Net Assets ($):** |  |  |
| Paid-in capital |  | &nbsp;&nbsp;&nbsp;&nbsp; 120688884 |
| Total distributable earnings (loss) |  | &nbsp;&nbsp;&nbsp;&nbsp; 205857116 |
| **Net Assets ($)** |  | &nbsp;&nbsp;&nbsp;&nbsp; **326546000** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Net Asset Value Per Share** | Investor Shares | Class I |
| Net Assets ($) | &nbsp;&nbsp;&nbsp;&nbsp; 235186416 | &nbsp;&nbsp;&nbsp;&nbsp; 91359584 |
| Shares Outstanding | &nbsp;&nbsp;&nbsp;&nbsp; 9233541 | &nbsp;&nbsp;&nbsp;&nbsp; 3590208 |
| **Net Asset Value Per Share ($)** | &nbsp;&nbsp;&nbsp;&nbsp;**25.47** | &nbsp;&nbsp;&nbsp;&nbsp;**25.45** |

---

See notes to financial statements.

**19**

------

STATEMENT OF OPERATIONS

Six Months Ended April 30, 2026 (Unaudited)

---

| | |
|:---|:---|
| **Investment Income ($):** |  |
| **Income:** |  |
| Cash dividends (net of $415,392 foreign taxes withheld at source): |  |
| Unaffiliated issuers | &nbsp;&nbsp;&nbsp;&nbsp; 4497489 |
| Affiliated issuers | &nbsp;&nbsp;&nbsp;&nbsp; 50702 |
| Interest | &nbsp;&nbsp;&nbsp;&nbsp; 16045 |
| Affiliated income net of rebates from securities lending—Note 1(c)  | &nbsp;&nbsp;&nbsp;&nbsp; 2406 |
| **Total Income** | &nbsp;&nbsp;&nbsp;&nbsp; **4566642** |
| **Expenses:** |  |
| Management fee—Note 3(a)  | &nbsp;&nbsp;&nbsp;&nbsp; 570882 |
| Shareholder servicing costs—Note 3(b)  | &nbsp;&nbsp;&nbsp;&nbsp; 296483 |
| Directors' fees—Notes 3(a) and 3(c)  | &nbsp;&nbsp;&nbsp;&nbsp; 14480 |
| Loan commitment fees—Note 2  | &nbsp;&nbsp;&nbsp;&nbsp; 3253 |
| Interest expense—Note 2 | &nbsp;&nbsp;&nbsp;&nbsp; 215 |
| **Total Expenses** | &nbsp;&nbsp;&nbsp;&nbsp; **885313** |
| Less—Directors' fees reimbursed by <br>BNY Mellon Investment Adviser, Inc.—Note 3(a) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (14480)<br>|
| **Net Expenses** | &nbsp;&nbsp;&nbsp;&nbsp; **870833** |
| **Net Investment Income** | &nbsp;&nbsp;&nbsp;&nbsp; **3695809** |
| **Realized and Unrealized Gain (Loss) on Investments—Note 4 ($):** |  |
| Net realized gain (loss) on investments and foreign currency transactions | &nbsp;&nbsp;&nbsp;&nbsp; 18965750 |
| Net realized gain (loss) on futures | &nbsp;&nbsp;&nbsp;&nbsp; 247834 |
| **Net Realized Gain (Loss)** | &nbsp;&nbsp;&nbsp;&nbsp; **19213584** |
| Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions | &nbsp;&nbsp;&nbsp;&nbsp; 9479054 |
| Net change in unrealized appreciation (depreciation) on futures | &nbsp;&nbsp;&nbsp;&nbsp; 244720 |
| **Net Change in Unrealized Appreciation (Depreciation)** | &nbsp;&nbsp;&nbsp;&nbsp; **9723774** |
| **Net Realized and Unrealized Gain (Loss) on Investments** | &nbsp;&nbsp;&nbsp;&nbsp; **28937358** |
| **Net Increase in Net Assets Resulting from Operations** | &nbsp;&nbsp;&nbsp;&nbsp; **32633167** |

---

See notes to financial statements.

**20**

------

STATEMENT OF CHANGES IN NET ASSETS

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; Six Months Ended <br>April 30, 2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited) | Year Ended October 31, 2025 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Six Months Ended <br>April 30, 2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited) | Year Ended October 31, 2025 |
| **Operations ($):** |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp; 3695809 | &nbsp;&nbsp;&nbsp;&nbsp; 7368229 |
| Net realized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp; 19213584 | &nbsp;&nbsp;&nbsp;&nbsp; 19176602 |
| Net change in unrealized appreciation (depreciation) on investments | &nbsp;&nbsp;&nbsp;&nbsp; 9723774 | &nbsp;&nbsp;&nbsp;&nbsp; 38357319 |
| **Net Increase (Decrease) in Net Assets Resulting from Operations** | &nbsp;&nbsp;&nbsp;&nbsp; **32633167** | &nbsp;&nbsp;&nbsp;&nbsp; **64902150** |
| **Distributions ($):** |  |  |
| Distributions to shareholders: |  |  |
| Investor Shares | &nbsp;&nbsp;&nbsp;&nbsp; (10655410) | &nbsp;&nbsp;&nbsp;&nbsp; (6469086) |
| Class I | &nbsp;&nbsp;&nbsp;&nbsp; (4125019) | &nbsp;&nbsp;&nbsp;&nbsp; (2981216) |
| **Total Distributions** | &nbsp;&nbsp;&nbsp;&nbsp; **(14780429)** | &nbsp;&nbsp;&nbsp;&nbsp; **(9450302)** |
| **Capital Stock Transactions ($):** |  |  |
| Net proceeds from shares sold: |  |  |
| Investor Shares | &nbsp;&nbsp;&nbsp;&nbsp; 12451521 | &nbsp;&nbsp;&nbsp;&nbsp; 27752073 |
| Class I | &nbsp;&nbsp;&nbsp;&nbsp; 6247286 | &nbsp;&nbsp;&nbsp;&nbsp; 9088541 |
| Distributions reinvested: |  |  |
| Investor Shares | &nbsp;&nbsp;&nbsp;&nbsp; 10415465 | &nbsp;&nbsp;&nbsp;&nbsp; 6347642 |
| Class I | &nbsp;&nbsp;&nbsp;&nbsp; 2236505 | &nbsp;&nbsp;&nbsp;&nbsp; 1400751 |
| Cost of shares redeemed: |  |  |
| Investor Shares | &nbsp;&nbsp;&nbsp;&nbsp; (39702035) | &nbsp;&nbsp;&nbsp;&nbsp; (55021189) |
| Class I | &nbsp;&nbsp;&nbsp;&nbsp; (13476599) | &nbsp;&nbsp;&nbsp;&nbsp; (27906787) |
| **Increase (Decrease) in Net Assets from Capital Stock Transactions** | &nbsp;&nbsp;&nbsp;&nbsp; **(21827857)** | &nbsp;&nbsp;&nbsp;&nbsp; **(38338969)** |
| **Total Increase (Decrease) in Net Assets** | &nbsp;&nbsp;&nbsp;&nbsp; **(3975119)** | &nbsp;&nbsp;&nbsp;&nbsp; **17112879** |
| **Net Assets ($):** |  |  |
| Beginning of Period | &nbsp;&nbsp;&nbsp;&nbsp; 330521119 | &nbsp;&nbsp;&nbsp;&nbsp; 313408240 |
| **End of Period** | &nbsp;&nbsp;&nbsp;&nbsp; **326546000** | &nbsp;&nbsp;&nbsp;&nbsp; **330521119** |
| **Capital Share Transactions (Shares):** |  |  |
| **Investor Shares**<sup>(a)</sup>  |  |  |
| Shares sold | &nbsp;&nbsp;&nbsp;&nbsp; 502054 | &nbsp;&nbsp;&nbsp;&nbsp; 1279093 |
| Shares issued for distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp; 434884 | &nbsp;&nbsp;&nbsp;&nbsp; 332163 |
| Shares redeemed | &nbsp;&nbsp;&nbsp;&nbsp; (1609205) | &nbsp;&nbsp;&nbsp;&nbsp; (2562937) |
| **Net Increase (Decrease) in Shares Outstanding** | &nbsp;&nbsp;&nbsp;&nbsp; **(672267)** | &nbsp;&nbsp;&nbsp;&nbsp; **(951681)** |
| **Class I**<sup>(a)</sup>  |  |  |
| Shares sold | &nbsp;&nbsp;&nbsp;&nbsp; 250911 | &nbsp;&nbsp;&nbsp;&nbsp; 429791 |
| Shares issued for distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp; 93538 | &nbsp;&nbsp;&nbsp;&nbsp; 73454 |
| Shares redeemed | &nbsp;&nbsp;&nbsp;&nbsp; (547032) | &nbsp;&nbsp;&nbsp;&nbsp; (1284595) |
| **Net Increase (Decrease) in Shares Outstanding** | &nbsp;&nbsp;&nbsp;&nbsp; **(202583)** | &nbsp;&nbsp;&nbsp;&nbsp; **(781350)** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> During the period ended October 31, 2025, 13,026 Class I shares representing $287,043 were exchanged for 13,019 Investor shares.

See notes to financial statements.

**21**

------

FINANCIAL HIGHLIGHTS

The following tables describe the performance for each share class for the fiscal periods indicated. All information (except portfolio turnover rate) reflects financial results for a single fund share. Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp; Six Months Ended <br>April 30, 2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)  | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, |
| **Investor Shares** | &nbsp;&nbsp;&nbsp; Six Months Ended <br>April 30, 2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)  | 2025 | 2024 | 2023 | 2022 | 2021 |
| **Per Share Data ($):** | **Per Share Data ($):** |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp;24.13 | &nbsp;&nbsp;&nbsp;&nbsp;20.31 | &nbsp;&nbsp;&nbsp;&nbsp;17.27 | &nbsp;&nbsp;&nbsp;&nbsp;15.40 | &nbsp;&nbsp;&nbsp;&nbsp;20.78 | &nbsp;&nbsp;&nbsp;&nbsp;15.85 |
| Investment Operations: | Investment Operations: |  |  |  |  |  |
| Net investment income<sup>(a)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp; .27 | &nbsp;&nbsp;&nbsp;&nbsp; .49 | &nbsp;&nbsp;&nbsp;&nbsp; .46 | &nbsp;&nbsp;&nbsp;&nbsp; .44 | &nbsp;&nbsp;&nbsp;&nbsp; .41 | &nbsp;&nbsp;&nbsp;&nbsp; .39 |
| Net realized and unrealized gain (loss) on <br> investments<br>| &nbsp;&nbsp;&nbsp;&nbsp;2.16 | &nbsp;&nbsp;&nbsp;&nbsp;3.93 | &nbsp;&nbsp;&nbsp;&nbsp;3.19 | &nbsp;&nbsp;&nbsp;&nbsp;1.81 | &nbsp;&nbsp;&nbsp;&nbsp; (5.10)<br>| &nbsp;&nbsp;&nbsp;&nbsp;4.85 |
| Total from Investment Operations | &nbsp;&nbsp;&nbsp;&nbsp;2.43 | &nbsp;&nbsp;&nbsp;&nbsp;4.42 | &nbsp;&nbsp;&nbsp;&nbsp;3.65 | &nbsp;&nbsp;&nbsp;&nbsp;2.25 | &nbsp;&nbsp;&nbsp;&nbsp; (4.69)<br>| &nbsp;&nbsp;&nbsp;&nbsp;5.24 |
| Distributions: |  |  |  |  |  |  |
| Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (.81)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.60)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.61)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.38)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.69)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.31)<br>|
| Dividends from net realized gain on <br> investments<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.28)<br>| &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - |
| Total Distributions | &nbsp;&nbsp;&nbsp;&nbsp; (1.09)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.60)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.61)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.38)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.69)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.31)<br>|
| Net asset value, end of period | &nbsp;&nbsp;&nbsp;&nbsp;25.47 | &nbsp;&nbsp;&nbsp;&nbsp;24.13 | &nbsp;&nbsp;&nbsp;&nbsp;20.31 | &nbsp;&nbsp;&nbsp;&nbsp;17.27 | &nbsp;&nbsp;&nbsp;&nbsp;15.40 | &nbsp;&nbsp;&nbsp;&nbsp;20.78 |
| **Total Return (%)** | &nbsp;&nbsp;&nbsp;&nbsp; 10.37 <br> <sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;22.55 | &nbsp;&nbsp;&nbsp;&nbsp;21.33 | &nbsp;&nbsp;&nbsp;&nbsp;14.67 | &nbsp;&nbsp;&nbsp;&nbsp; (23.36)<br>| &nbsp;&nbsp;&nbsp;&nbsp;33.21 |
| **Ratios/Supplemental Data (%):** | **Ratios/Supplemental Data (%):** |  |  |  |  |  |
| Ratio of total expenses to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; .61 <br> <sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; .61 | &nbsp;&nbsp;&nbsp;&nbsp; .61 | &nbsp;&nbsp;&nbsp;&nbsp; .61 | &nbsp;&nbsp;&nbsp;&nbsp; .61 | &nbsp;&nbsp;&nbsp;&nbsp; .61 |
| Ratio of net expenses <br> to average net assets<sup>(d)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; .60 <br> <sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; .60 | &nbsp;&nbsp;&nbsp;&nbsp; .60 | &nbsp;&nbsp;&nbsp;&nbsp; .61 | &nbsp;&nbsp;&nbsp;&nbsp; .60 | &nbsp;&nbsp;&nbsp;&nbsp; .60 |
| Ratio of net investment income to average <br> net assets<sup>(d)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.20 <br> <sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2.25 | &nbsp;&nbsp;&nbsp;&nbsp;2.32 | &nbsp;&nbsp;&nbsp;&nbsp;2.45 | &nbsp;&nbsp;&nbsp;&nbsp;2.27 | &nbsp;&nbsp;&nbsp;&nbsp;2.00 |
| Portfolio Turnover Rate | &nbsp;&nbsp;&nbsp;&nbsp; 1.35 <br> <sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;3.73 | &nbsp;&nbsp;&nbsp;&nbsp;3.67 | &nbsp;&nbsp;&nbsp;&nbsp;2.40 | &nbsp;&nbsp;&nbsp;&nbsp;3.41 | &nbsp;&nbsp;&nbsp;&nbsp;2.99 |
| **Net Assets, end of period ($ x 1,000)** | &nbsp;&nbsp;&nbsp;&nbsp; 235186 | &nbsp;&nbsp;&nbsp;&nbsp; 238991 | &nbsp;&nbsp;&nbsp;&nbsp; 220477 | &nbsp;&nbsp;&nbsp;&nbsp; 202830 | &nbsp;&nbsp;&nbsp;&nbsp; 229028 | &nbsp;&nbsp;&nbsp;&nbsp; 303693 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Based on average shares outstanding.

<sup>(b)</sup> Not annualized.

<sup>(c)</sup> Annualized.

<sup>(d)</sup> Amount inclusive of Directors' fees reimbursed by BNY Mellon Investment Adviser, Inc.

See notes to financial statements.

**22**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp; Six Months Ended <br>April 30, 2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)  | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, |
| **Class I Shares** | &nbsp;&nbsp;&nbsp; Six Months Ended <br>April 30, 2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)  | 2025 | 2024 | 2023 | 2022 | 2021 |
| **Per Share Data ($):** | **Per Share Data ($):** |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp;24.13 | &nbsp;&nbsp;&nbsp;&nbsp;20.32 | &nbsp;&nbsp;&nbsp;&nbsp;17.28 | &nbsp;&nbsp;&nbsp;&nbsp;15.41 | &nbsp;&nbsp;&nbsp;&nbsp;20.80 | &nbsp;&nbsp;&nbsp;&nbsp;15.86 |
| Investment Operations: | Investment Operations: |  |  |  |  |  |
| Net investment income<sup>(a)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp; .30 | &nbsp;&nbsp;&nbsp;&nbsp; .54 | &nbsp;&nbsp;&nbsp;&nbsp; .51 | &nbsp;&nbsp;&nbsp;&nbsp; .48 | &nbsp;&nbsp;&nbsp;&nbsp; .47 | &nbsp;&nbsp;&nbsp;&nbsp; .45 |
| Net realized and unrealized gain (loss) on <br> investments<br>| &nbsp;&nbsp;&nbsp;&nbsp;2.17 | &nbsp;&nbsp;&nbsp;&nbsp;3.93 | &nbsp;&nbsp;&nbsp;&nbsp;3.19 | &nbsp;&nbsp;&nbsp;&nbsp;1.81 | &nbsp;&nbsp;&nbsp;&nbsp; (5.12)<br>| &nbsp;&nbsp;&nbsp;&nbsp;4.84 |
| Total from Investment Operations | &nbsp;&nbsp;&nbsp;&nbsp;2.47 | &nbsp;&nbsp;&nbsp;&nbsp;4.47 | &nbsp;&nbsp;&nbsp;&nbsp;3.70 | &nbsp;&nbsp;&nbsp;&nbsp;2.29 | &nbsp;&nbsp;&nbsp;&nbsp; (4.65)<br>| &nbsp;&nbsp;&nbsp;&nbsp;5.29 |
| Distributions: |  |  |  |  |  |  |
| Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (.87)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.66)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.66)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.42)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.74)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.35)<br>|
| Dividends from net realized gain on <br> investments<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.28)<br>| &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - |
| Total Distributions | &nbsp;&nbsp;&nbsp;&nbsp; (1.15)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.66)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.66)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.42)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.74)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.35)<br>|
| Net asset value, end of period | &nbsp;&nbsp;&nbsp;&nbsp;25.45 | &nbsp;&nbsp;&nbsp;&nbsp;24.13 | &nbsp;&nbsp;&nbsp;&nbsp;20.32 | &nbsp;&nbsp;&nbsp;&nbsp;17.28 | &nbsp;&nbsp;&nbsp;&nbsp;15.41 | &nbsp;&nbsp;&nbsp;&nbsp;20.80 |
| **Total Return (%)** | &nbsp;&nbsp;&nbsp;&nbsp; 10.56 <br> <sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;22.83 | &nbsp;&nbsp;&nbsp;&nbsp;21.64 | &nbsp;&nbsp;&nbsp;&nbsp;14.96 | &nbsp;&nbsp;&nbsp;&nbsp; (23.18)<br>| &nbsp;&nbsp;&nbsp;&nbsp;33.58 |
| **Ratios/Supplemental Data (%):** | **Ratios/Supplemental Data (%):** |  |  |  |  |  |
| Ratio of total expenses to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; .36 <br> <sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; .36 | &nbsp;&nbsp;&nbsp;&nbsp; .36 | &nbsp;&nbsp;&nbsp;&nbsp; .36 | &nbsp;&nbsp;&nbsp;&nbsp; .36 | &nbsp;&nbsp;&nbsp;&nbsp; .36 |
| Ratio of net expenses <br> to average net assets<sup>(d)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; .35 <br> <sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; .35 | &nbsp;&nbsp;&nbsp;&nbsp; .35 | &nbsp;&nbsp;&nbsp;&nbsp; .36 | &nbsp;&nbsp;&nbsp;&nbsp; .35 | &nbsp;&nbsp;&nbsp;&nbsp; .35 |
| Ratio of net investment income to average <br> net assets<sup>(d)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.45 <br> <sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2.50 | &nbsp;&nbsp;&nbsp;&nbsp;2.57 | &nbsp;&nbsp;&nbsp;&nbsp;2.69 | &nbsp;&nbsp;&nbsp;&nbsp;2.60 | &nbsp;&nbsp;&nbsp;&nbsp;2.26 |
| Portfolio Turnover Rate | &nbsp;&nbsp;&nbsp;&nbsp; 1.35 <br> <sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;3.73 | &nbsp;&nbsp;&nbsp;&nbsp;3.67 | &nbsp;&nbsp;&nbsp;&nbsp;2.40 | &nbsp;&nbsp;&nbsp;&nbsp;3.41 | &nbsp;&nbsp;&nbsp;&nbsp;2.99 |
| **Net Assets, end of period ($ x 1,000)** | &nbsp;&nbsp;&nbsp;&nbsp; 91360 | &nbsp;&nbsp;&nbsp;&nbsp; 91530 | &nbsp;&nbsp;&nbsp;&nbsp; 92931 | &nbsp;&nbsp;&nbsp;&nbsp; 95874 | &nbsp;&nbsp;&nbsp;&nbsp; 120712 | &nbsp;&nbsp;&nbsp;&nbsp; 242341 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Based on average shares outstanding.

<sup>(b)</sup> Not annualized.

<sup>(c)</sup> Annualized.

<sup>(d)</sup> Amount inclusive of Directors' fees reimbursed by BNY Mellon Investment Adviser, Inc.

See notes to financial statements.

**23**

------

NOTES TO FINANCIAL STATEMENTS (Unaudited)

**NOTE 1—**

**Significant Accounting Policies:**

BNY Mellon International Stock Index Fund (the "fund") is a separate diversified series of BNY Mellon Index Funds, Inc. (the "Company"), which is registered under the Investment Company Act of 1940, as amended (the "Act"), as an open-end management investment company and operates as a series company currently offering three series, including the fund. The fund's investment objective is to seek to match the performance of the Morgan Stanley Capital International Europe, Australasia, Far East Index (MSCI EAFE®). BNY Mellon Investment Adviser, Inc. (the "Adviser"), a wholly-owned subsidiary of The Bank of New York Mellon Corporation ("BNY"), serves as the fund's investment adviser.

BNY Mellon Securities Corporation (the "Distributor"), a wholly-owned subsidiary of the Adviser, is the distributor of the fund's shares, which are sold to the public without a sales charge. The fund is authorized to issue 300 million shares of $.001 par value Common Stock. The fund currently has authorized two classes of shares: Investor shares (200 million shares authorized) and Class I (100 million shares authorized). Investor shares are sold primarily to retail investors through financial intermediaries and bear shareholder services plan fees. Class I shares are sold primarily to bank trust departments and other financial service providers (including BNY and its affiliates), acting on behalf of customers having a qualified trust or an investment account or relationship at such institution, and bear no shareholder services plan fees. Other differences between the classes include the services offered to and the expenses borne by each class, and certain voting rights. Income, expenses (other than expenses attributable to a specific class), and realized and unrealized gains or losses on investments are allocated to each class of shares based on its relative net assets.

The Company accounts separately for the assets, liabilities and operations of each series. Expenses directly attributable to each series are charged to that series' operations; expenses which are applicable to all series of the Company are allocated among them on a pro rata basis.

The Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") is the exclusive reference of authoritative U.S. generally accepted accounting principles ("GAAP") recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the SEC under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The Company enters into contracts that contain a variety of indemnifications. The fund's maximum exposure under these arrangements is unknown. The fund does not anticipate recognizing any loss related to these arrangements.

**(a) Portfolio valuation:** 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

**24**

------

NOTES TO FINANCIAL STATEMENTS (Unaudited) (continued)

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 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 Company's Board of Directors (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.

The following is a summary of the inputs used as of April 30, 2026 in valuing the fund's investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 -** <br>**Unadjusted** <br>**Quoted Prices**<br>| **Level 2- Other** <br>**Significant** <br>**Observable Inputs**<br>| **Level 3-** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Assets ($)** |  |  |  |  |
| Investments in Securities:<sup>†</sup>  |  |  |  |  |
| Equity Securities - Common Stocks | &nbsp;&nbsp; 3678579 | &nbsp;&nbsp; 315231770<sup>††</sup>  | &nbsp;&nbsp; 1 | &nbsp;&nbsp; **318910350** |
| Equity Securities - Preferred Stocks | &nbsp;&nbsp; — | &nbsp;&nbsp; 812555<sup>††</sup>  | &nbsp;&nbsp; — | &nbsp;&nbsp; **812555** |
| Investment Companies | &nbsp;&nbsp; 2779544 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; **2779544** |
|  | &nbsp;&nbsp; **6458123** | &nbsp;&nbsp; **316044325** | &nbsp;&nbsp; **1** | &nbsp;&nbsp; **322502449** |
| Other Financial Instruments: |  |  |  |  |
| Futures<sup>†††</sup>  | &nbsp;&nbsp; 227319 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; **227319** |
|  | &nbsp;&nbsp; **227319** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **227319** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| <sup>†</sup>  | See Schedule of Investments for additional detailed categorizations, if any. |
| <sup>††</sup>  | Securities classified within Level 2 at period end as the values were determined pursuant to the fund's fair valuation procedures. |
| <sup>†††</sup>  | Amount shown represents unrealized appreciation (depreciation) at period end, but only variation margin on exchange-traded and centrally cleared derivatives, <br> if any, are reported in the Statement of Assets and Liabilities.<br>|

---

**(b) Foreign currency transactions:** The fund does not isolate that portion of the results of operations resulting from changes in foreign

**25**

------

NOTES TO FINANCIAL STATEMENTS (Unaudited) (continued)

exchange rates on investments from the fluctuations arising from changes in the market prices of securities held. Such fluctuations are included with the net realized and unrealized gain or loss on investments.

Net realized foreign exchange gains or losses arise from sales of foreign currencies, currency gains or losses realized on securities transactions between trade and settlement date, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded on the fund's books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in the value of assets and liabilities other than investments resulting from changes in exchange rates. Foreign currency gains and losses on foreign currency transactions are also included with net realized and unrealized gain or loss on investments.

**Foreign taxes:** The fund may be subject to foreign taxes (a portion of which may be reclaimable) on income, stock dividends, realized and unrealized capital gains on investments or certain foreign currency transactions. Foreign taxes are recorded in accordance with the applicable foreign tax regulations and rates that exist in the foreign jurisdictions in which the fund invests. These foreign taxes, if any, are paid by the fund and are reflected in the Statement of Operations, if applicable. Foreign taxes payable or deferred or those subject to reclaims as of April 30, 2026, if any, are disclosed in the fund's Statement of Assets and Liabilities.

**(c) Securities transactions and investment income:** Securities transactions are recorded on a trade date basis. Realized gains and losses from securities transactions are recorded on the identified cost basis. Dividend income is recognized on the ex-dividend date and interest income, including, where applicable, accretion of discount and amortization of premium on investments, is recognized on the accrual basis.

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. Any non-cash collateral received cannot be sold or re-pledged by the fund, except in the event of borrower default, and is not reflected in the Statement of Assets and Liabilities. 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. During the period ended April 30, 2026, BNY earned $327 from the lending of the fund's portfolio securities, pursuant to the securities lending agreement.

For financial reporting purposes, the fund elects not to offset assets and liabilities subject to a securities lending agreement, if any, in the Statement of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statement of Assets and Liabilities. As of April 30, 2026, the fund had securities lending and the impact of netting of assets and liabilities and the offsetting of collateral pledged or received, if any, based on contractual netting/set-off provisions in the securities lending agreement are detailed in the following table:

---

| | |
|:---|:---|
| **Assets ($)** |  |
| Gross amount of securities loaned, at <br> value, as disclosed in the Statement <br>of Assets and Liabilities<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3019277 |
| Collateral (received)/posted not offset <br>in the Statement of <br>Assets and Liabilities<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3019277 )<sup>†</sup><br>|
| Net amount | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| <sup>†</sup>  | The value of the related collateral received by the fund exceeded the value of the securities loaned by the fund pursuant to the securities lending agreement. In addition, <br> the value of collateral may include pending sales that are also on loan. See Schedule of Investments for detailed information regarding collateral received for open <br> securities lending.<br>|

---

**(d) Affiliated issuers:** Investments in other investment companies advised by the Adviser are considered "affiliated" under the Act.

**(e) Market Risk:** The value of the securities in which the fund invests may be affected by political, regulatory, economic and social developments, and developments that impact specific economic sectors, industries or segments of the market. In addition, turbulence in

**26**

------

NOTES TO FINANCIAL STATEMENTS (Unaudited) (continued)

financial markets and reduced liquidity in equity, credit and/or fixed-income markets may negatively affect many issuers, which could adversely affect the fund. Global economies and financial markets are becoming increasingly interconnected, and conditions and events in one country, region or financial market may adversely impact issuers in a different country, region or financial market. These risks may be magnified if certain events or developments adversely interrupt the global supply chain; in these and other circumstances, such risks might affect companies world-wide. Local, regional or global events such as war, military conflicts, acts of terrorism, natural disasters, the spread of infectious illness or other public health issues, recessions, elevated levels of government debt, changes in trade regulation or economic sanctions, internal unrest and discord, or other events could have a significant impact on the fund and its investments.

**Foreign Investment Risk**: To the extent the fund invests in foreign securities, the fund's performance will be influenced by political, social and economic factors affecting investments in foreign issuers. Special risks associated with investments in foreign issuers include exposure to currency fluctuations, less liquidity, less developed or less efficient trading markets, lack of comprehensive company information, political and economic instability and differing auditing and legal standards.

**Indexing Strategy Risk:** The fund uses an indexing strategy. It does not attempt to manage market volatility, use defensive strategies or reduce the effects of any long-term periods of poor index performance. The correlation between fund and index performance may be affected by the fund's expenses and/or use of sampling techniques, changes in securities markets, changes in the composition of the index and the timing of purchases and redemptions of fund shares.

**(f) Dividends and distributions to shareholders:** Dividends and distributions are recorded on the ex-dividend date. Dividends from net investment income and dividends from net realized capital gains, if any, are normally declared and paid annually, but the fund may make distributions on a more frequent basis to comply with the distribution requirements of the Internal Revenue Code of 1986, as amended (the "Code"). To the extent that net realized capital gains can be offset by capital loss carryovers, it is the policy of the fund not to distribute such gains. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

**(g) Federal income taxes:** It is the policy of the fund to continue to qualify as a regulated investment company, if such qualification is in the best interests of its shareholders, by complying with the applicable provisions of the Code, and to make distributions of taxable income and net realized capital gain sufficient to relieve it from substantially all federal income and excise taxes.

As of and during the period ended April 30, 2026, the fund did not have any liabilities for any uncertain tax positions. The fund recognizes interest and penalties, if any, related to uncertain tax positions as income tax expense in the Statement of Operations. During the period ended April 30, 2026, the fund did not incur any interest or penalties.

Each tax year in the three-year period ended October 31, 2025 remains subject to examination by the Internal Revenue Service and state taxing authorities.

The tax character of distributions paid to shareholders during the fiscal year ended October 31, 2025 was as follows: ordinary income $9,450,302. The tax character of current year distributions will be determined at the end of the current fiscal year.

**(h) Operating segment reporting:** In accordance with FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures ("ASU 2023-07"), the fund has operated and been managed as a single reportable segment, generating returns through dividends, interest, and/or gains from investments aligned with its single stated investment objective as outlined in the fund's prospectus. The fund's accounting policies are consistent with those described in these Notes to Financial Statements. The chief operating decision maker ("CODM") is represented by BNY Investments and is comprised of Senior Management and Directors of BNY Investments. The CODM considers the net increase in net assets resulting from operations when deciding whether to purchase additional investments or make distributions to shareholders. Detailed financial information for the fund is presented in these financial statements, including total assets and liabilities in the Statement of Assets and Liabilities, investments held in the Schedule of Investments, results of operations and significant segment expenses in the Statement of Operations, and additional performance information—such as total return, portfolio turnover, and ratios—in the Financial Highlights.

**NOTE 2—**

**Bank Lines of Credit:**

The fund participates with other long-term open-end funds managed by the Adviser in a $738 million unsecured credit facility led by Citibank, N.A. (the "Citibank Credit Facility") and a $300 million unsecured credit facility provided by BNY (the "BNY Credit Facility"), each to be utilized primarily for temporary or emergency purposes, including the financing of redemptions (each, a "Facility"). The Citibank Credit Facility is available in two tranches: (i) Tranche A is in an amount equal to $618 million and is available to all long-term open-ended funds, including the fund, and (ii) Tranche B is an amount equal to $120 million and is available only to BNY

**27**

------

NOTES TO FINANCIAL STATEMENTS (Unaudited) (continued)

Mellon Floating Rate Income Fund, a series of BNY Mellon Investment Funds IV, Inc. In connection therewith, the fund has agreed to pay its pro rata portion of commitment fees for Tranche A of the Citibank Credit Facility and the BNY Credit Facility. Interest is charged to the fund based on rates determined pursuant to the terms of the respective Facility at the time of borrowing.

During the period ended April 30, 2026, the fund was charged $215 for interest expense. These fees are included in Interest expense in the Statement of Operations. The average amount of borrowings outstanding under the Citibank Credit Facility during the period ended April 30, 2026 was approximately $9,392 with a related weighted average annualized interest rate of 4.62%. As of April 30, 2026, the fund has no outstanding loan balance from either Facility.

**NOTE 3—**

**Management Fee and Other Transactions with Affiliates:**

**(a)** Pursuant to a management agreement with the Adviser, the management fee is computed at the annual rate of .35% of the value of the fund's average daily net assets and is payable monthly. The Adviser has agreed in its management agreement with the fund to pay all of the fund's expenses, except management fees, interest expenses, brokerage commissions, and commitment fees on borrowings, if any, fees pursuant to any distribution or shareholder services plan adopted by the fund, fees and expenses of the non-interested board members and their counsel and independent counsel to the fund, and any extraordinary expenses. The Adviser has further agreed to reduce its fees in an amount equal to the fund's allocable portion of the fees and expenses of the non-interested board members and the fees and expenses of independent counsel to the fund and to the non-interested board members. These provisions in the management agreement may not be amended without the approval of the fund's shareholders. During the period ended April 30, 2026, fees reimbursed by the Adviser amounted to $14,480.

**(b)** Under the shareholder services plan (the "Shareholder Services Plan"), Investor shares pay the Distributor at an annual rate of .25% of the value of their average daily net assets for the provision of certain services. The services provided may include personal services relating to shareholder accounts, such as answering shareholder inquiries regarding the fund, and services related to the maintenance of shareholder accounts. The Distributor may make payments to service agents (securities dealers, financial institutions or other industry professionals) with respect to these services. The Distributor determines the amounts to be paid to service agents. During the period ended April 30, 2026, Investor shares were charged $296,483 pursuant to the Shareholder Services Plan.

The fund has an arrangement with The Bank of New York Mellon (the "Custodian"), a subsidiary of BNY and an affiliate of the Adviser, whereby the fund will receive interest income or be charged overdraft fees when cash balances are maintained. For financial reporting purposes, the fund includes this interest income and overdraft fees, if any, as interest income in the Statement of Operations.

The components of "Due to BNY Mellon Investment Adviser, Inc. and affiliates" in the Statement of Assets and Liabilities consist of: management fee of $92,853, Shareholder Services Plan fees of $47,761, which are offset against an expense reimbursement currently in effect in the amount of $11,830.

**(c)** Each board member of the fund also serves as a board member of other funds in the BNY Mellon Family of Funds complex. Annual retainer fees and attendance fees are allocated to each fund based on net assets.

**NOTE 4—**

**Securities Transactions:**

The aggregate amount of purchases and sales of investment securities, excluding short-term securities and derivatives, during the period ended April 30, 2026, amounted to $4,393,394 and $38,702,018, respectively.

**Derivatives:** A derivative is a financial instrument whose performance is derived from the performance of another asset. Rule 18f-4 under the Act regulates the use of derivatives transactions for certain funds registered under the Act. Each type of derivative instrument that was held by the fund during the period ended April 30, 2026 is discussed below.

**Deposits with Broker:** The amount included in Cash collateral held by broker in the Statement of Asset and Liabilities represents cash balances that are held by a broker, including collateral required for derivative contracts. Any income earned on cash balances held by a broker is recorded as interest income to the fund.

**Futures:** In the normal course of pursuing its investment objective, the fund is exposed to market risk, including equity price 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

**28**

------

NOTES TO FINANCIAL STATEMENTS (Unaudited) (continued)

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 April 30, 2026 are set forth in the fund's Schedule of Investments.

The following tables show the fund's exposure to different types of market risk as it relates to the Statement of Assets and Liabilities and the Statement of Operations, respectively.

Fair value of derivative instruments as of April 30, 2026 is shown below:

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Derivative** <br>**Assets ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Derivative** <br>**Liabilities ($)**<br>|
| Equity Risk | &nbsp;&nbsp;&nbsp;&nbsp; 227319 <br> <sup>(1)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; - |
| **Gross fair value of derivative contracts** | &nbsp;&nbsp;&nbsp;&nbsp; **227319** | &nbsp;&nbsp;&nbsp;&nbsp; **-** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Statement of Assets and Liabilities location: | Statement of Assets and Liabilities location: |
| <sup>(1)</sup>  | Includes cumulative appreciation (depreciation) on futures as reported in the Schedule of Investments, but only the unpaid variation margin is reported in the <br> Statement of Assets and Liabilities.<br>|

---

The effect of derivative instruments in the Statement of Operations during the period ended April 30, 2026 is shown below:

---

| | | |
|:---|:---|:---|
| Amount of realized gain (loss) on derivatives recognized in income ($) | Amount of realized gain (loss) on derivatives recognized in income ($) | Amount of realized gain (loss) on derivatives recognized in income ($) |
| **Underlying risk** | **Futures**<sup>(1)</sup>  | **Total** |
| Equity | &nbsp;&nbsp;&nbsp;&nbsp; 247834 | &nbsp;&nbsp;&nbsp;&nbsp; **247834** |
| **Total** | &nbsp;&nbsp;&nbsp;&nbsp; **247834** | &nbsp;&nbsp;&nbsp;&nbsp; **247834** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Net change in unrealized appreciation (depreciation) on derivatives recognized in income ($) | Net change in unrealized appreciation (depreciation) on derivatives recognized in income ($) | Net change in unrealized appreciation (depreciation) on derivatives recognized in income ($) |
| **Underlying risk** | **Futures**<sup>(2)</sup>  | **Total** |
| Equity | &nbsp;&nbsp;&nbsp;&nbsp; 244720 | &nbsp;&nbsp;&nbsp;&nbsp; **244720** |
| **Total** | &nbsp;&nbsp;&nbsp;&nbsp; **244720** | &nbsp;&nbsp;&nbsp;&nbsp; **244720** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Statement of Operations location: <br> <sup>(1)</sup> Net realized gain (loss) on futures. <br> <sup>(2)</sup> Net change in unrealized appreciation (depreciation) on futures.

The following table summarizes the monthly average market value of derivatives outstanding during the period ended April 30, 2026:

---

| | |
|:---|:---|
|  | Average Market Value ($) |
| **Futures:** |  |
| Equity Futures Long | &nbsp;&nbsp; 3651374 |

---

At April 30, 2026, accumulated net unrealized appreciation on investments inclusive of derivative contracts was $200,870,460, consisting of $203,823,011 gross unrealized appreciation and $2,952,551 gross unrealized depreciation.

At April 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).

**29**

------

Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies (Unaudited)

N/A

**30**

------

Item 9. Proxy Disclosures for Open-End Management Investment Companies (Unaudited)

N/A

**31**

------

Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies (Unaudited)

Each board member also serves as a board member of other funds in the BNY Mellon Family of Funds complex, and annual retainer fees and meeting attendance fees are allocated to each fund based on net assets. The Adviser reimburses the fund for the fees and expenses of the non-interested board members. Compensation paid by the fund to the board members and board member fees reimbursed by the Adviser during the period are within Item 7. Statement of Operations as Directors' and Directors' fees reimbursed by BNY Mellon Investment Adviser, Inc., respectively.

**32**

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Item 11. Statement Regarding Basis for Approval of Investment Advisory Contracts (Unaudited)

At a meeting of the fund's Board of Directors (the "Board") held on March 5-6, 2026, the Board considered the renewal of the fund's Management Agreement pursuant to which the Adviser provides the fund with investment advisory and administrative services (the "Agreement"). The Board members, none of whom are "interested persons" (as defined in the Investment Company Act of 1940, as amended) of the fund, were assisted in their review by independent legal counsel and met with counsel in executive session separate from representatives of the Adviser. In considering the renewal of the Agreement, the Board considered several factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Board member may have attributed different weights to the factors considered.

<u>Analysis of Nature, Extent, and Quality of Services Provided to the Fund.</u> The Board considered information provided to it at the meeting and in previous presentations from representatives of the Adviser regarding the nature, extent, and quality of the services provided to funds in the BNY fund complex, including the fund. The Adviser provided the number of open accounts in the fund, the fund's asset size and the allocation of fund assets among distribution channels. The Adviser also had previously provided information regarding the diverse intermediary relationships and distribution channels of funds in the BNY fund complex (such as retail direct or intermediary, in which intermediaries typically are paid by the fund and/or the Adviser) and the Adviser's corresponding need for broad, deep, and diverse resources to be able to provide ongoing shareholder services to each intermediary or distribution channel, as applicable to the fund.

The Board also considered research support available to, and portfolio management capabilities of, the fund's portfolio management personnel and that the Adviser also provides oversight of day-to-day fund operations, including fund accounting and administration and assistance in meeting legal and regulatory requirements. The Board also considered the Adviser's extensive administrative, accounting and compliance infrastructures.

<u>Comparative Analysis of the Fund's Performance and Management Fee and Expense Ratio.</u> The Board reviewed reports prepared by Broadridge Financial Solutions, Inc. ("Broadridge"), an independent provider of investment company data based on classifications provided by Thomson Reuters Lipper ("Lipper"), which included information comparing (1) the performance of the fund's Investor Class shares with the performance of a group of institutional international large-cap core funds selected by Broadridge as comparable to the fund (the "Performance Group") and with a broader group of funds consisting of all retail and institutional international large-cap core funds (the "Performance Universe"), all for various periods ended December 31, 2025, and (2) the fund's actual and contractual management fees and total expenses with those of the same group of funds in the Performance Group (the "Expense Group") and with a broader group of funds consisting of institutional international large-cap core funds, excluding outliers (the "Expense Universe"), the information for which was derived in part from fund financial statements available to Broadridge as of the date of its analysis. The Adviser previously had furnished the Board with a description of the methodology Broadridge used to select the Performance Group and Performance Universe and the Expense Group and Expense Universe.

Performance Comparisons. Representatives of the Adviser stated that the usefulness of performance comparisons may be affected by a number of factors, including different investment limitations and policies that may be applicable to the fund and comparison funds and the end date selected. The Board also considered the fund's performance in light of overall financial market conditions. The Board discussed with representatives of the Adviser the results of the comparisons and considered that the fund's total return performance was below the Performance Group and Performance Universe medians for all periods under review. It was noted that there were only three other funds in the Performance Group and that the Performance Universe was not limited to index funds. The Adviser also provided a comparison of the fund's calendar year total returns to the returns of the fund's benchmark index.

Management Fee and Expense Ratio Comparisons. The Board reviewed and considered the contractual management fee rate payable by the fund to the Adviser in light of the nature, extent and quality of the management services provided by the Adviser. In addition, the Board reviewed and considered the actual management fee rate paid by the fund over the fund's last fiscal year. The Board also reviewed the range of actual and contractual management fees and total expenses as a percentage of average net assets of the Expense Group and Expense Universe funds and discussed the results of the comparisons.

The Board noted that the Adviser pays all fund expenses, other than the actual management fee and certain other expenses. Because of the fund's "unitary" fee structure, the Board recognized that the fund's fees and expenses will vary within a much smaller range and the Adviser will bear the risk that fund expenses may increase over time. On the other hand, the Board noted that it is possible that the Adviser could earn a profit on the fees charged under the Agreement and would benefit from any price decreases in third-party services

**33**

------

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contracts (Unaudited) (continued)

covered by the Agreement. Taking into account the fund's "unitary" fee structure, the Board considered that the fund's contractual management fee was higher than the Expense Group median contractual management fee, the fund's actual management fee was higher than the Expense Group median and higher than the Expense Universe median actual management fee, and the fund's total expenses were higher than the Expense Group median and higher than the Expense Universe median total expenses.

Representatives of the Adviser reviewed with the Board the management or investment advisory fees paid by the one fund advised by the Adviser that is in the same Lipper category as the fund (the "Similar Fund") and explained the nature of the Similar Fund. They discussed differences in fees paid and the relationship of the fees paid in light of any differences in the services provided and other relevant factors, noting the fund's "unitary" fee structure. The Board considered the relevance of the fee information provided for the Similar Fund to evaluate the appropriateness of the fund's management fee. Representatives of the Adviser noted that there were no separate accounts and/or other types of client portfolios advised by the Adviser that are considered to have similar investment strategies and policies as the fund.

<u>Analysis of Profitability and Economies of Scale.</u> Representatives of the Adviser reviewed the expenses allocated and profit received by the Adviser and its affiliates and the resulting profitability percentage for managing the fund and the aggregate profitability percentage to the Adviser and its affiliates for managing the funds in the BNY fund complex, and the method used to determine the expenses and profit. The Board concluded that the profitability results were not excessive, given the services rendered and service levels provided by the Adviser and its affiliates. The Board had been provided with information prepared by an independent consulting firm regarding the Adviser's approach to allocating costs to, and determining the profitability of, individual funds and the entire BNY fund complex. The consulting firm also had analyzed where any economies of scale might emerge in connection with the management of a fund.

The Board considered, on the advice of its counsel, the profitability analysis (1) as part of its evaluation of whether the fee under the Agreement, considered in relation to the mix of services provided by the Adviser, including the nature, extent and quality of such services, supported the renewal of the Agreement and (2) in light of the relevant circumstances for the fund and the extent to which economies of scale would be realized if the fund grows and whether fee levels reflect these economies of scale for the benefit of fund shareholders. Representatives of the Adviser stated that a discussion of economies of scale is predicated on a fund having achieved a substantial size with increasing assets and that, if a fund's assets had been stable or decreasing, the possibility that the Adviser may have realized any economies of scale would be less. Representatives of the Adviser also stated that, as a result of shared and allocated costs among funds in the BNY fund complex, the extent of economies of scale could depend substantially on the level of assets in the complex as a whole, so that increases and decreases in complex-wide assets can affect potential economies of scale in a manner that is disproportionate to, or even in the opposite direction from, changes in the fund's asset level. The Board also considered potential benefits to the Adviser from acting as investment adviser and took into consideration that there were no soft dollar arrangements in effect for trading the fund's investments.

At the conclusion of these discussions, the Board agreed that it had been furnished with sufficient information to make an informed business decision with respect to the renewal of the Agreement. Based on the discussions and considerations as described above, the Board concluded and determined as follows.

&nbsp;&nbsp;&nbsp;&nbsp;●The Board concluded that the nature, extent and quality of the services provided by the Adviser are satisfactory and appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;●The Board was generally satisfied with the fund's overall performance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●The Board concluded that the fee paid to the Adviser continued to be appropriate under the circumstances and in light of the factors and the totality of the services provided as discussed above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●The Board determined that the economies of scale which may accrue to the Adviser and its affiliates in connection with the management of the fund had been adequately considered by the Adviser in connection with the fee rate charged to the fund pursuant to the Agreement and that, to the extent in the future it were determined that material economies of scale had not been shared with the fund, the Board would seek to have those economies of scale shared with the fund.

In evaluating the Agreement, the Board considered these conclusions and determinations and also relied on its previous knowledge, gained through meetings and other interactions with the Adviser and its affiliates, of the Adviser and the services provided to the fund by the Adviser. The Board also relied on information received on a routine and regular basis throughout the year relating to the operations of the fund and the investment management and other services provided under the Agreement, including information on the

**34**

------

investment performance of the fund in comparison to similar mutual funds and benchmark performance indices; general market outlook as applicable to the fund; and compliance reports. In addition, the Board's consideration of the contractual fee arrangements for the fund had the benefit of a number of years of reviews of the Agreement for the fund, or substantially similar agreements for other BNY funds that the Board oversees, during which lengthy discussions took place between the Board and representatives of the Adviser. Certain aspects of the arrangements may receive greater scrutiny in some years than in others, and the Board's conclusions may be based, in part, on its consideration of the fund's arrangements, or substantially similar arrangements for other BNY funds that the Board oversees, in prior years. The Board determined to renew the Agreement.

**35**

------© 2026 BNY Mellon Securities Corporation

Code-0079NCSRSA0426

![](imge24834441.gif)

------

BNY Mellon S&P 500 Index Fund

**SEMI-ANNUAL FINANCIALS AND OTHER INFORMATION**

April 30, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Class** | **Ticker** |
| Single Share | PEOPX |

---

![](img1502cbe61.gif)

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**Save time. Save paper. View your next shareholder report online as soon as it's available. Log into** www.bny.com/investments **and sign up for eCommunications. It's simple and only takes a few minutes.**

------

The views expressed in this report reflect those of the portfolio manager(s) only through the end of the period covered and do not necessarily represent the views of BNY Mellon Investment Adviser, Inc. or any other person in the BNY Mellon Investment Adviser, Inc. organization. Any such views are subject to change at any time based upon market or other conditions and BNY Mellon Investment Adviser, Inc. disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a fund in the BNY Mellon Family of Funds are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any fund in the BNY Mellon

Family of Funds.

Not FDIC-Insured • Not Bank-Guaranteed • May Lose Value

------

Contents

The Fund

Please note the Semi-Annual Financials and Other Information only contains Items 7-11 required in Form N-CSR. All other required items will be filed with the Securities and Exchange Commission (the "SEC").

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **[Item 7. Financial Statements and Financial Highlights for Open-End Management](#xx_3bca98e0-4c5e-4e6a-a7b3-5b6e598dd8fa_SOI-Commoncontent-4764_1)**<br> **[Investment Companies](#xx_3bca98e0-4c5e-4e6a-a7b3-5b6e598dd8fa_SOI-Commoncontent-4764_1)**<br>| 3 |
| [Schedule of Investments](#xx_3bca98e0-4c5e-4e6a-a7b3-5b6e598dd8fa_SOI-Commoncontent-4764_1) | 3 |
| [Statement of Assets and Liabilities](#xx_3bca98e0-4c5e-4e6a-a7b3-5b6e598dd8fa_FS-Commoncontent-4764_1) | 16 |
| [Statement of Operations](#xx_3bca98e0-4c5e-4e6a-a7b3-5b6e598dd8fa_FS-Commoncontent-4764_2) | 17 |
| [Statement of Changes in Net Assets](#xx_3bca98e0-4c5e-4e6a-a7b3-5b6e598dd8fa_FS-Commoncontent-4764_3) | 18 |
| [Financial Highlights](#xx_3bca98e0-4c5e-4e6a-a7b3-5b6e598dd8fa_FIHI-Commoncontent-4764_1) | 19 |
| [Notes to Financial Statements](#xx_3bca98e0-4c5e-4e6a-a7b3-5b6e598dd8fa_NTF-Commoncontent-4764_1) | 20 |
| **[Item 8. Changes in and Disagreements with Accountants for Open-End Management](#xx_3bca98e0-4c5e-4e6a-a7b3-5b6e598dd8fa_CDA-Commoncontent-4764_1)**<br> **[Investment Companies](#xx_3bca98e0-4c5e-4e6a-a7b3-5b6e598dd8fa_CDA-Commoncontent-4764_1)**<br>| 26 |
| **[Item 9. Proxy Disclosures for Open-End Management Investment Companies](#xx_3bca98e0-4c5e-4e6a-a7b3-5b6e598dd8fa_PRXD-Commoncontent-4764_1)** | 27 |
| **[Item 10. Remuneration Paid to Directors, Officers, and Other of Open-End](#xx_3bca98e0-4c5e-4e6a-a7b3-5b6e598dd8fa_RMNP-Commoncontent-4764_1)**<br> **[Management Investment Companies](#xx_3bca98e0-4c5e-4e6a-a7b3-5b6e598dd8fa_RMNP-Commoncontent-4764_1)**<br>| 28 |
| **[Item 11. Statement Regarding Basis for Approval of Investment Advisory Contracts](#xx_3bca98e0-4c5e-4e6a-a7b3-5b6e598dd8fa_AAA-Commoncontent-4764_1)** | 29 |

---

------

Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.

BNY Mellon S&P 500 Index Fund

SCHEDULE OF INVESTMENTS

April 30, 2026 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 99.2%** | **Equity Securities - Common Stocks — 99.2%** | **Equity Securities - Common Stocks — 99.2%** |
| **Automobiles & Components — 1.9%** | **Automobiles & Components — 1.9%** | **Automobiles & Components — 1.9%** |
| Aptiv PLC<sup>(a)</sup>  | 8862 | 534024 |
| Ford Motor Co. | 170294 | 2057152 |
| General Motors Co. | 39441 | 3032619 |
| Tesla, Inc.<sup>(a)</sup>  | 121796 | 46481008 |
|  |  | **52104803** |
| **Banks — 3.4%** | **Banks — 3.4%** | **Banks — 3.4%** |
| Bank of America Corp. | 287356 | 15362052 |
| Citigroup, Inc. | 75657 | 9682583 |
| Citizens Financial Group, Inc. | 18027 | 1172656 |
| Fifth Third Bancorp | 39452 | 2002584 |
| Huntington Bancshares, Inc. | 89185 | 1494741 |
| JPMorgan Chase & Co. | 116762 | 36573361 |
| KeyCorp | 39713 | 878054 |
| M&T Bank Corp. | 6425 | 1404698 |
| Regions Financial Corp. | 37656 | 1075079 |
| The PNC Financial Services Group, Inc. | 17505 | 3903615 |
| Truist Financial Corp. | 54709 | 2817513 |
| U.S. Bancorp | 66770 | 3783188 |
| Wells Fargo & Co. | 133928 | 11012899 |
|  |  | **91163023** |
| **Capital Goods — 6.7%** | **Capital Goods — 6.7%** | **Capital Goods — 6.7%** |
| 3M Co. | 22806 | 3341535 |
| A.O. Smith Corp.<sup>(b)</sup>  | 5208 | 322063 |
| Allegion PLC | 3652 | 502077 |
| AMETEK, Inc. | 10008 | 2356884 |
| Axon Enterprise, Inc.<sup>(a),(b)</sup>  | 3355 | 1347905 |
| Builders FirstSource, Inc.<sup>(a)</sup>  | 4578 | 362074 |
| Carrier Global Corp. | 34305 | 2304267 |
| Caterpillar, Inc. | 20150 | 17935717 |
| Comfort Systems USA, Inc. | 1544 | 2841346 |
| Cummins, Inc. | 5962 | 4000562 |
| Deere & Co. | 10901 | 6430173 |
| Dover Corp. | 5875 | 1330159 |
| Eaton Corp. PLC | 16899 | 7317436 |
| EMCOR Group, Inc. | 1929 | 1720031 |
| Emerson Electric Co. | 24082 | 3382076 |
| Fastenal Co. | 49640 | 2230325 |
| Fortive Corp. | 13514 | 808002 |
| GE Vernova, Inc. | 11672 | 12646145 |
| Generac Holdings, Inc.<sup>(a)</sup>  | 2452 | 635632 |
| General Dynamics Corp. | 11028 | 3796940 |
| General Electric Co. | 45420 | 13168621 |
| Honeywell International, Inc. | 27494 | 5892789 |
| Howmet Aerospace, Inc. | 17426 | 4235215 |
| Hubbell, Inc. | 2354 | 1196232 |
| Huntington Ingalls Industries, Inc. | 1771 | 645158 |
| IDEX Corp. | 3150 | 686228 |
| Illinois Tool Works, Inc. | 11392 | 2939250 |

---

**3**

------

SCHEDULE OF INVESTMENTS (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 99.2% (continued)** | **Equity Securities - Common Stocks — 99.2% (continued)** | **Equity Securities - Common Stocks — 99.2% (continued)** |
| **Capital Goods — 6.7% (continued)** | **Capital Goods — 6.7% (continued)** | **Capital Goods — 6.7% (continued)** |
| Ingersoll Rand, Inc. | 15304 | 1222177 |
| Johnson Controls International PLC | 26807 | 3914626 |
| L3Harris Technologies, Inc. | 8101 | 2596776 |
| Lennox International, Inc. | 1441 | 770776 |
| Lockheed Martin Corp. | 8853 | 4585588 |
| Masco Corp. | 8909 | 639844 |
| Nordson Corp. | 2175 | 627379 |
| Northrop Grumman Corp. | 5777 | 3347656 |
| Otis Worldwide Corp. | 17079 | 1330113 |
| PACCAR, Inc. | 22478 | 2670386 |
| Parker-Hannifin Corp. | 5455 | 4960886 |
| Pentair PLC | 6758 | 545438 |
| Quanta Services, Inc. | 6434 | 4682472 |
| Rockwell Automation, Inc. | 4960 | 2028194 |
| RTX Corp. | 58129 | 10234773 |
| Snap-on, Inc. | 2309 | 885271 |
| Stanley Black & Decker, Inc. | 7199 | 562674 |
| Textron, Inc. | 7479 | 717685 |
| The Boeing Company<sup>(a)</sup>  | 33980 | 7782439 |
| Trane Technologies PLC | 9560 | 4708682 |
| TransDigm Group, Inc. | 2428 | 2816431 |
| United Rentals, Inc. | 2702 | 2593488 |
| Vertiv Holdings Co., Cl. A | 16703 | 5486768 |
| W.W. Grainger, Inc. | 1925 | 2235599 |
| Westinghouse Air Brake Technologies Corp. | 7407 | 1999075 |
| Xylem, Inc. | 10242 | 1210195 |
|  |  | **179530233** |
| **Commercial & Professional Services — .7%** | **Commercial & Professional Services — .7%** | **Commercial & Professional Services — .7%** |
| Automatic Data Processing, Inc. | 17378 | 3683093 |
| Broadridge Financial Solutions, Inc. | 4919 | 757428 |
| Cintas Corp. | 14587 | 2548495 |
| Copart, Inc.<sup>(a)</sup>  | 38174 | 1263941 |
| Equifax, Inc. | 5154 | 896487 |
| Jacobs Solutions, Inc. | 5154 | 666979 |
| Leidos Holdings, Inc. | 5455 | 813995 |
| Paychex, Inc. | 13861 | 1283944 |
| Republic Services, Inc. | 8677 | 1815402 |
| Rollins, Inc. | 12350 | 688266 |
| Veralto Corp. | 10389 | 916310 |
| Verisk Analytics, Inc. | 6045 | 1115242 |
| Waste Management, Inc. | 15982 | 3716614 |
|  |  | **20166196** |
| **Consumer Discretionary Distribution & Retail — 5.8%** | **Consumer Discretionary Distribution & Retail — 5.8%** | **Consumer Discretionary Distribution & Retail — 5.8%** |
| Amazon.com, Inc.<sup>(a)</sup>  | 423047 | 112132838 |
| AutoZone, Inc.<sup>(a)</sup>  | 710 | 2629861 |
| Best Buy Co., Inc. | 8668 | 524327 |
| Carvana Co.<sup>(a)</sup>  | 6166 | 2440503 |
| eBay, Inc. | 19157 | 1982366 |
| Genuine Parts Co. | 5792 | 621076 |
| Lowe's Companies, Inc. | 24289 | 5799970 |
| O'Reilly Automotive, Inc.<sup>(a)</sup>  | 36221 | 3600368 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 99.2% (continued)** | **Equity Securities - Common Stocks — 99.2% (continued)** | **Equity Securities - Common Stocks — 99.2% (continued)** |
| **Consumer Discretionary Distribution & Retail — 5.8% (continued)** | **Consumer Discretionary Distribution & Retail — 5.8% (continued)** | **Consumer Discretionary Distribution & Retail — 5.8% (continued)** |
| Pool Corp. | 1524 | 325100 |
| Ross Stores, Inc. | 13926 | 3172204 |
| The Home Depot, Inc. | 43112 | 14175226 |
| The TJX Companies, Inc. | 47849 | 7500331 |
| Tractor Supply Co. | 22328 | 783713 |
| Ulta Beauty, Inc.<sup>(a)</sup>  | 1905 | 1023899 |
| Williams-Sonoma, Inc. | 5316 | 963312 |
|  |  | **157675094** |
| **Consumer Durables & Apparel — .5%** | **Consumer Durables & Apparel — .5%** | **Consumer Durables & Apparel — .5%** |
| D.R. Horton, Inc. | 11505 | 1770159 |
| Deckers Outdoor Corp.<sup>(a)</sup>  | 5924 | 605433 |
| Garmin Ltd. | 7209 | 1810468 |
| Hasbro, Inc. | 5848 | 560472 |
| Lennar Corp., Cl. A | 9614 | 868144 |
| Lululemon Athletica, Inc.<sup>(a)</sup>  | 4662 | 641958 |
| NIKE, Inc., Cl. B | 52168 | 2314173 |
| NVR, Inc.<sup>(a)</sup>  | 119 | 751589 |
| PulteGroup, Inc. | 8295 | 1014976 |
| Ralph Lauren Corp. | 1736 | 622599 |
| Tapestry, Inc. | 8906 | 1291726 |
|  |  | **12251697** |
| **Consumer Services — 1.7%** | **Consumer Services — 1.7%** | **Consumer Services — 1.7%** |
| Airbnb, Inc., Cl. A<sup>(a)</sup>  | 18098 | 2540235 |
| Booking Holdings, Inc. | 34900 | 5875764 |
| Carnival Corp. | 50642 | 1342519 |
| Chipotle Mexican Grill, Inc.<sup>(a)</sup>  | 56733 | 1928355 |
| Darden Restaurants, Inc. | 4837 | 970109 |
| Domino's Pizza, Inc. | 1391 | 472133 |
| DoorDash, Inc., Cl. A<sup>(a)</sup>  | 15975 | 2694184 |
| Expedia Group, Inc. | 5098 | 1266190 |
| Hilton Worldwide Holdings, Inc. | 9935 | 3219635 |
| Las Vegas Sands Corp. | 13578 | 741495 |
| Marriott International, Inc., Cl. A | 9582 | 3465714 |
| McDonald's Corp. | 30841 | 9054609 |
| MGM Resorts International<sup>(a)</sup>  | 8078 | 314557 |
| Norwegian Cruise Line Holdings Ltd.<sup>(a)</sup>  | 20231 | 367800 |
| Royal Caribbean Cruises Ltd. | 10862 | 2864961 |
| Starbucks Corp. | 49869 | 5252702 |
| Wynn Resorts Ltd. | 3469 | 371565 |
| Yum! Brands, Inc. | 11910 | 1901431 |
|  |  | **44643958** |
| **Consumer Staples Distribution & Retail — 2.0%** | **Consumer Staples Distribution & Retail — 2.0%** | **Consumer Staples Distribution & Retail — 2.0%** |
| Casey's General Stores, Inc. | 1441 | 1184718 |
| Costco Wholesale Corp. | 19222 | 19501296 |
| Dollar General Corp. | 9794 | 1134929 |
| Dollar Tree, Inc.<sup>(a)</sup>  | 8060 | 782706 |
| Sysco Corp. | 20923 | 1563157 |
| Target Corp. | 19569 | 2539078 |
| The Kroger Company | 25454 | 1732654 |
| Walmart, Inc. | 189836 | 25045063 |
|  |  | **53483601** |

---

**5**

------

SCHEDULE OF INVESTMENTS (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 99.2% (continued)** | **Equity Securities - Common Stocks — 99.2% (continued)** | **Equity Securities - Common Stocks — 99.2% (continued)** |
| **Energy — 3.5%** | **Energy — 3.5%** | **Energy — 3.5%** |
| APA Corp.<sup>(b)</sup>  | 16036 | 653146 |
| Baker Hughes Co. | 42893 | 2988355 |
| Chevron Corp. | 81178 | 15692519 |
| ConocoPhillips | 53057 | 6673510 |
| Coterra Energy, Inc. | 32687 | 1173790 |
| Devon Energy Corp. | 26504 | 1361511 |
| Diamondback Energy, Inc. | 8015 | 1648124 |
| EOG Resources, Inc. | 23401 | 3289479 |
| EQT Corp. | 26498 | 1592000 |
| Expand Energy Corp. | 10551 | 1077785 |
| Exxon Mobil Corp. | 180976 | 27930026 |
| Halliburton Co. | 35683 | 1509391 |
| Kinder Morgan, Inc. | 85877 | 2822777 |
| Marathon Petroleum Corp. | 12885 | 3199217 |
| Occidental Petroleum Corp. | 30999 | 1877919 |
| ONEOK, Inc.<sup>(b)</sup>  | 26919 | 2488931 |
| Phillips 66 | 17497 | 3134588 |
| SLB Ltd. | 65530 | 3727346 |
| Targa Resources Corp. | 9416 | 2448913 |
| Texas Pacific Land Corp.<sup>(b)</sup>  | 2500 | 1109175 |
| The Williams Companies, Inc. | 52574 | 4011922 |
| Valero Energy Corp. | 13173 | 3327236 |
|  |  | **93737660** |
| **Equity Real Estate Investment Trusts — 1.8%** | **Equity Real Estate Investment Trusts — 1.8%** | **Equity Real Estate Investment Trusts — 1.8%** |
| Alexandria Real Estate Equities, Inc.<sup>(c)</sup>  | 6255 | 253390 |
| American Tower Corp.<sup>(c)</sup>  | 20096 | 3671740 |
| AvalonBay Communities, Inc.<sup>(c)</sup>  | 6133 | 1122339 |
| BXP, Inc.<sup>(c)</sup>  | 6242 | 364907 |
| Camden Property Trust<sup>(c)</sup>  | 4456 | 467969 |
| Crown Castle, Inc.<sup>(c)</sup>  | 18317 | 1626183 |
| Digital Realty Trust, Inc.<sup>(c)</sup>  | 14163 | 2845913 |
| Equinix, Inc.<sup>(c)</sup>  | 4231 | 4581454 |
| Equity Residential<sup>(c)</sup>  | 14779 | 966251 |
| Essex Property Trust, Inc.<sup>(c)</sup>  | 2720 | 715931 |
| Extra Space Storage, Inc.<sup>(c)</sup>  | 9314 | 1334976 |
| Federal Realty Investment Trust<sup>(c)</sup>  | 3070 | 340463 |
| Healthpeak Properties, Inc.<sup>(c)</sup>  | 31338 | 506736 |
| Host Hotels & Resorts, Inc.<sup>(c)</sup>  | 28267 | 597282 |
| Invitation Homes, Inc.<sup>(c)</sup>  | 25460 | 732484 |
| Iron Mountain, Inc.<sup>(c)</sup>  | 13024 | 1640894 |
| Kimco Realty Corp.<sup>(c)</sup>  | 29705 | 702226 |
| Mid-America Apartment Communities, Inc.<sup>(c)</sup>  | 5222 | 674578 |
| Prologis, Inc.<sup>(c)</sup>  | 40366 | 5732779 |
| Public Storage<sup>(c)</sup>  | 6713 | 2030347 |
| Realty Income Corp.<sup>(c)</sup>  | 40351 | 2592148 |
| Regency Centers Corp.<sup>(c)</sup>  | 7180 | 558963 |
| SBA Communications Corp.<sup>(c)</sup>  | 4722 | 1044507 |
| Simon Property Group, Inc.<sup>(c)</sup>  | 14092 | 2870681 |
| UDR, Inc.<sup>(c)</sup>  | 12253 | 445274 |
| Ventas, Inc.<sup>(c)</sup>  | 20805 | 1827927 |
| VICI Properties, Inc.<sup>(c)</sup>  | 46939 | 1370619 |

---

**6**

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 99.2% (continued)** | **Equity Securities - Common Stocks — 99.2% (continued)** | **Equity Securities - Common Stocks — 99.2% (continued)** |
| **Equity Real Estate Investment Trusts — 1.8% (continued)** | **Equity Real Estate Investment Trusts — 1.8% (continued)** | **Equity Real Estate Investment Trusts — 1.8% (continued)** |
| Welltower, Inc.<sup>(c)</sup>  | 30119 | 6546064 |
| Weyerhaeuser Co.<sup>(c)</sup>  | 32291 | 791775 |
|  |  | **48956800** |
| **Financial Services — 7.0%** | **Financial Services — 7.0%** | **Financial Services — 7.0%** |
| American Express Co. | 23193 | 7492499 |
| Ameriprise Financial, Inc. | 3976 | 1887765 |
| Apollo Global Management, Inc.<sup>(b)</sup>  | 20120 | 2589846 |
| Ares Management Corp., Cl. A | 8652 | 1015745 |
| Berkshire Hathaway, Inc., Cl. B<sup>(a)</sup>  | 79412 | 37609523 |
| BlackRock, Inc. | 6249 | 6658934 |
| Blackstone, Inc. | 32392 | 4067787 |
| Block, Inc.<sup>(a)</sup>  | 23287 | 1641966 |
| Capital One Financial Corp. | 27320 | 5226316 |
| Cboe Global Markets, Inc. | 4538 | 1361808 |
| CME Group, Inc. | 15567 | 4480494 |
| Coinbase Global, Inc., Cl. A<sup>(a)</sup>  | 9739 | 1828692 |
| Corpay, Inc.<sup>(a)</sup>  | 3014 | 923701 |
| FactSet Research Systems, Inc.<sup>(b)</sup>  | 1620 | 368680 |
| Fidelity National Information Services, Inc. | 22664 | 1054556 |
| Fiserv, Inc.<sup>(a)</sup>  | 22800 | 1428420 |
| Franklin Resources, Inc.<sup>(b)</sup>  | 11990 | 359340 |
| Global Payments, Inc. | 9890 | 711684 |
| Interactive Brokers Group, Inc., Cl. A | 19535 | 1553032 |
| Intercontinental Exchange, Inc. | 24697 | 3904349 |
| Invesco Ltd. | 17823 | 467141 |
| Jack Henry & Associates, Inc. | 3315 | 509681 |
| KKR & Co., Inc. | 29811 | 3110480 |
| Mastercard, Inc., Cl. A | 35268 | 17736983 |
| Moody's Corp. | 6558 | 3028812 |
| Morgan Stanley | 52369 | 9981008 |
| MSCI, Inc. | 3224 | 1906706 |
| Nasdaq, Inc. | 19814 | 1821105 |
| Northern Trust Corp. | 7915 | 1316581 |
| PayPal Holdings, Inc. | 40250 | 2018135 |
| Raymond James Financial, Inc. | 7599 | 1203074 |
| Robinhood Markets, Inc., Cl. A<sup>(a)</sup>  | 34676 | 2527534 |
| S&P Global, Inc. | 13252 | 5714660 |
| State Street Corp. | 12235 | 1869997 |
| Synchrony Financial | 14842 | 1130960 |
| T. Rowe Price Group, Inc. | 9067 | 932813 |
| The Bank of New York Mellon Corp.<sup>(d)</sup>  | 29805 | 4004897 |
| The Charles Schwab Corp. | 72335 | 6628779 |
| The Goldman Sachs Group, Inc. | 12989 | 11998849 |
| Visa, Inc., Cl. A<sup>(b)</sup>  | 72801 | 24012682 |
|  |  | **188086014** |
| **Food, Beverage & Tobacco — 2.1%** | **Food, Beverage & Tobacco — 2.1%** | **Food, Beverage & Tobacco — 2.1%** |
| Altria Group, Inc. | 72484 | 5265963 |
| Archer-Daniels-Midland Co. | 21245 | 1583602 |
| Brown-Forman Corp., Cl. B<sup>(b)</sup>  | 7711 | 198712 |
| Bunge Global SA | 6160 | 782751 |
| Conagra Brands, Inc.<sup>(b)</sup>  | 19279 | 276654 |

---

**7**

------

SCHEDULE OF INVESTMENTS (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 99.2% (continued)** | **Equity Securities - Common Stocks — 99.2% (continued)** | **Equity Securities - Common Stocks — 99.2% (continued)** |
| **Food, Beverage & Tobacco — 2.1% (continued)** | **Food, Beverage & Tobacco — 2.1% (continued)** | **Food, Beverage & Tobacco — 2.1% (continued)** |
| Constellation Brands, Inc., Cl. A | 6065 | 949658 |
| General Mills, Inc.<sup>(b)</sup>  | 22268 | 786283 |
| Hormel Foods Corp. | 13387 | 287419 |
| Keurig Dr. Pepper, Inc. | 59145 | 1738863 |
| McCormick & Co., Inc. | 10595 | 538650 |
| Molson Coors Beverage Co., Cl. B | 7691 | 328713 |
| Mondelez International, Inc., Cl. A | 55807 | 3428782 |
| Monster Beverage Corp.<sup>(a)</sup>  | 31315 | 2413447 |
| PepsiCo, Inc. | 59184 | 9380072 |
| Philip Morris International, Inc. | 67414 | 11128029 |
| The Campbell's Company<sup>(b)</sup>  | 7120 | 148025 |
| The Coca-Cola Company | 167657 | 13204665 |
| The Hershey Company | 6403 | 1189293 |
| The J.M. Smucker Company | 4390 | 430352 |
| The Kraft Heinz Company | 37004 | 838511 |
| Tyson Foods, Inc., Cl. A | 11983 | 767751 |
|  |  | **55666195** |
| **Health Care Equipment & Services — 3.1%** | **Health Care Equipment & Services — 3.1%** | **Health Care Equipment & Services — 3.1%** |
| Abbott Laboratories | 75304 | 6836850 |
| Align Technology, Inc.<sup>(a)</sup>  | 2762 | 486140 |
| Baxter International, Inc.<sup>(b)</sup>  | 23310 | 409790 |
| Becton Dickinson & Co. | 12370 | 1843625 |
| Boston Scientific Corp.<sup>(a)</sup>  | 63975 | 3685600 |
| Cardinal Health, Inc. | 10265 | 1979913 |
| Cencora, Inc. | 8426 | 2595292 |
| Centene Corp.<sup>(a)</sup>  | 19801 | 1063116 |
| CVS Health Corp. | 55683 | 4637837 |
| DaVita, Inc.<sup>(a)</sup>  | 1309 | 203078 |
| Dexcom, Inc.<sup>(a)</sup>  | 16367 | 974655 |
| Edwards Lifesciences Corp.<sup>(a)</sup>  | 24670 | 2059945 |
| Elevance Health, Inc. | 9578 | 3605351 |
| GE HealthCare Technologies, Inc. | 19593 | 1192038 |
| HCA Healthcare, Inc. | 6837 | 2970335 |
| Henry Schein, Inc.<sup>(a),(b)</sup>  | 4860 | 362507 |
| Humana, Inc. | 5280 | 1248403 |
| IDEXX Laboratories, Inc.<sup>(a)</sup>  | 3503 | 1964482 |
| Insulet Corp.<sup>(a)</sup>  | 3091 | 532085 |
| Intuitive Surgical, Inc.<sup>(a)</sup>  | 15379 | 7037584 |
| Labcorp Holdings, Inc. | 3638 | 934238 |
| McKesson Corp. | 5304 | 4323821 |
| Medtronic PLC | 55426 | 4487843 |
| Quest Diagnostics, Inc. | 4958 | 962844 |
| ResMed, Inc.<sup>(b)</sup>  | 6152 | 1315359 |
| Solventum Corp.<sup>(a)</sup>  | 6072 | 409010 |
| STERIS PLC | 4251 | 921957 |
| Stryker Corp. | 14873 | 4686929 |
| The Cigna Group | 11306 | 3285297 |
| The Cooper Companies, Inc.<sup>(a)</sup>  | 8388 | 527605 |
| UnitedHealth Group, Inc. | 39228 | 14533189 |

---

**8**

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 99.2% (continued)** | **Equity Securities - Common Stocks — 99.2% (continued)** | **Equity Securities - Common Stocks — 99.2% (continued)** |
| **Health Care Equipment & Services — 3.1% (continued)** | **Health Care Equipment & Services — 3.1% (continued)** | **Health Care Equipment & Services — 3.1% (continued)** |
| Universal Health Services, Inc., Cl. B | 2428 | 408560 |
| Zimmer Biomet Holdings, Inc. | 8737 | 720191 |
|  |  | **83205469** |
| **Household & Personal Products — .9%** | **Household & Personal Products — .9%** | **Household & Personal Products — .9%** |
| Church & Dwight Co., Inc. | 10117 | 981956 |
| Colgate-Palmolive Co. | 34511 | 2945859 |
| Kenvue, Inc. | 83361 | 1461318 |
| Kimberly-Clark Corp. | 14298 | 1407352 |
| The Clorox Company | 4895 | 472074 |
| The Estee Lauder Companies, Inc., Cl. A | 10948 | 839821 |
| The Procter & Gamble Company | 100643 | 14803579 |
|  |  | **22911959** |
| **Insurance — 1.6%** | **Insurance — 1.6%** | **Insurance — 1.6%** |
| Aflac, Inc. | 20535 | 2334213 |
| American International Group, Inc. | 23347 | 1746356 |
| Aon PLC, Cl. A | 9347 | 2912993 |
| Arch Capital Group Ltd.<sup>(a)</sup>  | 15508 | 1464886 |
| Arthur J. Gallagher & Co. | 11172 | 2305901 |
| Assurant, Inc. | 2087 | 493095 |
| Brown & Brown, Inc. | 12681 | 762762 |
| Chubb Ltd. | 15675 | 5125725 |
| Cincinnati Financial Corp. | 6927 | 1133257 |
| Erie Indemnity Co., Cl. A<sup>(b)</sup>  | 1098 | 240385 |
| Everest Group Ltd. | 1705 | 608276 |
| Globe Life, Inc. | 3207 | 494840 |
| Loews Corp. | 7261 | 817661 |
| Marsh & McLennan Companies, Inc. | 21140 | 3545389 |
| MetLife, Inc. | 23795 | 1905979 |
| Principal Financial Group, Inc. | 8226 | 830086 |
| Prudential Financial, Inc. | 15164 | 1487740 |
| The Allstate Corp. | 11119 | 2415714 |
| The Hartford Insurance Group, Inc. | 12083 | 1653075 |
| The Progressive Corp. | 25360 | 5104461 |
| The Travelers Companies, Inc. | 9448 | 2882963 |
| W. R. Berkley Corp. | 12514 | 836311 |
| Willis Towers Watson PLC | 4214 | 1079627 |
|  |  | **42181695** |
| **Materials — 1.9%** | **Materials — 1.9%** | **Materials — 1.9%** |
| Air Products and Chemicals, Inc. | 9685 | 2905984 |
| Albemarle Corp. | 5264 | 1035429 |
| Amcor PLC<sup>(b)</sup>  | 19593 | 745318 |
| Avery Dennison Corp. | 3471 | 569001 |
| Ball Corp. | 11433 | 698328 |
| CF Industries Holdings, Inc. | 6759 | 839468 |
| Corteva, Inc. | 29051 | 2353422 |
| CRH PLC | 28709 | 3399720 |
| Dow, Inc. | 31027 | 1256283 |
| DuPont de Nemours, Inc. | 17245 | 787407 |
| Ecolab, Inc. | 11182 | 2914029 |
| Freeport-McMoRan, Inc. | 61701 | 3565084 |
| International Flavors & Fragrances, Inc.<sup>(b)</sup>  | 10650 | 747630 |

---

**9**

------

SCHEDULE OF INVESTMENTS (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 99.2% (continued)** | **Equity Securities - Common Stocks — 99.2% (continued)** | **Equity Securities - Common Stocks — 99.2% (continued)** |
| **Materials — 1.9% (continued)** | **Materials — 1.9% (continued)** | **Materials — 1.9% (continued)** |
| International Paper Co. | 22995 | 699508 |
| Linde PLC | 20222 | 10134053 |
| LyondellBasell Industries NV, Cl. A | 11128 | 830149 |
| Martin Marietta Materials, Inc. | 2592 | 1604629 |
| Newmont Corp. | 47144 | 5237227 |
| Nucor Corp. | 9714 | 2188467 |
| Packaging Corp. of America | 3935 | 839926 |
| PPG Industries, Inc. | 9974 | 1082179 |
| Smurfit Westrock PLC | 23378 | 897481 |
| Steel Dynamics, Inc. | 6032 | 1379277 |
| The Mosaic Company | 14238 | 331318 |
| The Sherwin-Williams Company | 9889 | 3180401 |
| Vulcan Materials Co. | 5773 | 1741945 |
|  |  | **51963663** |
| **Media & Entertainment — 10.0%** | **Media & Entertainment — 10.0%** | **Media & Entertainment — 10.0%** |
| Alphabet, Inc., Cl. A | 252128 | 97018854 |
| Alphabet, Inc., Cl. C | 202528 | 77353544 |
| Charter Communications, Inc., Cl. A<sup>(a),(b)</sup>  | 3785 | 625168 |
| EchoStar Corp., Cl. A<sup>(a)</sup>  | 5857 | 721231 |
| Electronic Arts, Inc. | 9580 | 1938705 |
| Fox Corp., Cl. A<sup>(b)</sup>  | 8167 | 518523 |
| Fox Corp., Cl. B | 5225 | 297930 |
| Live Nation Entertainment, Inc.<sup>(a),(b)</sup>  | 6986 | 1103369 |
| Meta Platforms, Inc., Cl. A | 94718 | 57958891 |
| Netflix, Inc.<sup>(a)</sup>  | 182845 | 17116120 |
| News Corp., Cl. A | 17478 | 460021 |
| News Corp., Cl. B<sup>(b)</sup>  | 3422 | 104303 |
| Omnicom Group, Inc. | 13927 | 1068479 |
| Paramount Skydance Corp., Cl. B<sup>(b)</sup>  | 14763 | 151173 |
| Take-Two Interactive Software, Inc.<sup>(a)</sup>  | 7602 | 1625004 |
| The Trade Desk, Inc., Cl. A<sup>(a)</sup>  | 20579 | 485459 |
| The Walt Disney Company | 76717 | 7959389 |
| TKO Group Holdings, Inc. | 3005 | 559200 |
| Warner Bros Discovery, Inc.<sup>(a)</sup>  | 108196 | 2926702 |
|  |  | **269992065** |
| **Pharmaceuticals, Biotechnology & Life Sciences — 5.3%** | **Pharmaceuticals, Biotechnology & Life Sciences — 5.3%** | **Pharmaceuticals, Biotechnology & Life Sciences — 5.3%** |
| AbbVie, Inc. | 76538 | 16174010 |
| Agilent Technologies, Inc. | 12278 | 1418722 |
| Amgen, Inc. | 23319 | 8074204 |
| Biogen, Inc.<sup>(a)</sup>  | 6462 | 1223127 |
| Bio-Techne Corp.<sup>(b)</sup>  | 7138 | 394874 |
| Bristol-Myers Squibb Co. | 88052 | 5335071 |
| Charles River Laboratories International, Inc.<sup>(a)</sup>  | 1979 | 330434 |
| Danaher Corp. | 27183 | 4864398 |
| Eli Lilly & Co. | 34317 | 32072668 |
| Gilead Sciences, Inc. | 53729 | 7029902 |
| Incyte Corp.<sup>(a)</sup>  | 7027 | 669462 |
| IQVIA Holdings, Inc.<sup>(a)</sup>  | 7291 | 1154676 |
| Johnson & Johnson | 104363 | 23987836 |
| Merck & Co., Inc. | 107487 | 11735431 |
| Mettler-Toledo International, Inc.<sup>(a)</sup>  | 880 | 1123417 |

---

**10**

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 99.2% (continued)** | **Equity Securities - Common Stocks — 99.2% (continued)** | **Equity Securities - Common Stocks — 99.2% (continued)** |
| **Pharmaceuticals, Biotechnology & Life Sciences — 5.3% (continued)** | **Pharmaceuticals, Biotechnology & Life Sciences — 5.3% (continued)** | **Pharmaceuticals, Biotechnology & Life Sciences — 5.3% (continued)** |
| Moderna, Inc.<sup>(a)</sup>  | 14937 | 686206 |
| Pfizer, Inc. | 246225 | 6574207 |
| Regeneron Pharmaceuticals, Inc. | 4323 | 3056620 |
| Revvity, Inc.<sup>(b)</sup>  | 4987 | 431974 |
| Thermo Fisher Scientific, Inc. | 16270 | 7792679 |
| Vertex Pharmaceuticals, Inc.<sup>(a)</sup>  | 10967 | 4687076 |
| Viatris, Inc. | 51666 | 771890 |
| Waters Corp.<sup>(a)</sup>  | 4216 | 1303714 |
| West Pharmaceutical Services, Inc. | 3132 | 932052 |
| Zoetis, Inc. | 18373 | 2112344 |
|  |  | **143936994** |
| **Real Estate Management & Development — .1%** | **Real Estate Management & Development — .1%** | **Real Estate Management & Development — .1%** |
| CBRE Group, Inc., Cl. A<sup>(a)</sup>  | 12444 | 1776132 |
| CoStar Group, Inc.<sup>(a)</sup>  | 18691 | 646896 |
|  |  | **2423028** |
| **Semiconductors & Semiconductor Equipment — 16.5%** | **Semiconductors & Semiconductor Equipment — 16.5%** | **Semiconductors & Semiconductor Equipment — 16.5%** |
| Advanced Micro Devices, Inc.<sup>(a)</sup>  | 70607 | 25029475 |
| Analog Devices, Inc. | 21161 | 8512224 |
| Applied Materials, Inc. | 34373 | 13559805 |
| Broadcom, Inc. | 205326 | 85709232 |
| First Solar, Inc.<sup>(a)</sup>  | 4601 | 928896 |
| Intel Corp.<sup>(a)</sup>  | 203335 | 19211091 |
| KLA Corp. | 5676 | 9934987 |
| Lam Research Corp. | 54079 | 13944811 |
| Microchip Technology, Inc. | 23362 | 2170563 |
| Micron Technology, Inc. | 48741 | 25206896 |
| Monolithic Power Systems, Inc. | 2086 | 3367659 |
| NVIDIA Corp. | 1052336 | 210014696 |
| NXP Semiconductors NV | 10819 | 3176350 |
| ON Semiconductor Corp.<sup>(a)</sup>  | 17504 | 1764578 |
| Qnity Electronics, Inc. | 9187 | 1292243 |
| QUALCOMM, Inc. | 46033 | 8266606 |
| Skyworks Solutions, Inc.<sup>(b)</sup>  | 6355 | 445930 |
| Teradyne, Inc. | 6753 | 2319453 |
| Texas Instruments, Inc. | 39224 | 11025082 |
|  |  | **445880577** |
| **Software & Services — 8.6%** | **Software & Services — 8.6%** | **Software & Services — 8.6%** |
| Accenture PLC, Cl. A | 26533 | 4741712 |
| Adobe, Inc.<sup>(a)</sup>  | 17892 | 4403221 |
| Akamai Technologies, Inc.<sup>(a),(b)</sup>  | 6463 | 665560 |
| AppLovin Corp., Cl. A<sup>(a)</sup>  | 11705 | 5224527 |
| Autodesk, Inc.<sup>(a)</sup>  | 9031 | 2140347 |
| Cadence Design Systems, Inc.<sup>(a)</sup>  | 11788 | 3885207 |
| Cognizant Technology Solutions Corp., Cl. A | 20997 | 1110741 |
| CrowdStrike Holdings, Inc., Cl. A<sup>(a)</sup>  | 11008 | 4906816 |
| Datadog, Inc., Cl. A<sup>(a)</sup>  | 13993 | 1849735 |
| EPAM Systems, Inc.<sup>(a)</sup>  | 2525 | 287294 |
| Fair Isaac Corp.<sup>(a)</sup>  | 1033 | 1058825 |
| Fortinet, Inc.<sup>(a)</sup>  | 26929 | 2270384 |
| Gartner, Inc.<sup>(a)</sup>  | 2999 | 445322 |
| Gen Digital, Inc. | 22466 | 433369 |

---

**11**

------

SCHEDULE OF INVESTMENTS (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 99.2% (continued)** | **Equity Securities - Common Stocks — 99.2% (continued)** | **Equity Securities - Common Stocks — 99.2% (continued)** |
| **Software & Services — 8.6% (continued)** | **Software & Services — 8.6% (continued)** | **Software & Services — 8.6% (continued)** |
| GoDaddy, Inc., Cl. A<sup>(a)</sup>  | 6131 | 532109 |
| International Business Machines Corp. | 40480 | 9350070 |
| Intuit, Inc. | 12120 | 4708620 |
| Microsoft Corp. | 321574 | 131131446 |
| Oracle Corp. | 73435 | 11851675 |
| Palantir Technologies, Inc., Cl. A<sup>(a)</sup>  | 98925 | 13761457 |
| Palo Alto Networks, Inc.<sup>(a)</sup>  | 34833 | 6246254 |
| PTC, Inc.<sup>(a)</sup>  | 5179 | 705898 |
| Roper Technologies, Inc. | 4651 | 1650221 |
| Salesforce, Inc. | 40552 | 7158645 |
| ServiceNow, Inc.<sup>(a)</sup>  | 45224 | 3993731 |
| Synopsys, Inc.<sup>(a)</sup>  | 8364 | 4036466 |
| Trimble, Inc.<sup>(a)</sup>  | 9844 | 662698 |
| Tyler Technologies, Inc.<sup>(a)</sup>  | 1955 | 666929 |
| VeriSign, Inc. | 3625 | 973892 |
| Workday, Inc., Cl. A<sup>(a)</sup>  | 9457 | 1157537 |
|  |  | **232010708** |
| **Technology Hardware & Equipment — 9.6%** | **Technology Hardware & Equipment — 9.6%** | **Technology Hardware & Equipment — 9.6%** |
| Amphenol Corp., Cl. A | 53122 | 7823277 |
| Apple, Inc. | 635782 | 172519446 |
| Arista Networks, Inc.<sup>(a)</sup>  | 44718 | 7723246 |
| CDW Corp. | 5794 | 793256 |
| Ciena Corp.<sup>(a)</sup>  | 6019 | 3175504 |
| Cisco Systems, Inc. | 171106 | 15656199 |
| Coherent Corp.<sup>(a)</sup>  | 8167 | 2611072 |
| Corning, Inc. | 33741 | 5541622 |
| Dell Technologies, Inc., Cl. C | 13070 | 2730976 |
| F5, Inc.<sup>(a)</sup>  | 2392 | 774769 |
| Hewlett Packard Enterprise Co. | 57999 | 1668631 |
| HP, Inc. | 39041 | 814395 |
| Jabil, Inc. | 4549 | 1535242 |
| Keysight Technologies, Inc.<sup>(a)</sup>  | 7538 | 2637622 |
| Lumentum Holdings, Inc.<sup>(a)</sup>  | 3119 | 2814336 |
| Motorola Solutions, Inc. | 7231 | 3174626 |
| NetApp, Inc. | 8241 | 912856 |
| Sandisk Corp.<sup>(a)</sup>  | 6365 | 6979286 |
| Seagate Technology Holdings PLC | 9379 | 6318069 |
| Super Micro Computer, Inc.<sup>(a)</sup>  | 22491 | 616253 |
| TE Connectivity PLC | 12820 | 2713481 |
| Teledyne Technologies, Inc.<sup>(a)</sup>  | 2045 | 1320763 |
| Western Digital Corp. | 14813 | 6436545 |
| Zebra Technologies Corp., Cl. A<sup>(a)</sup>  | 2011 | 455009 |
|  |  | **257746481** |
| **Telecommunication Services — .9%** | **Telecommunication Services — .9%** | **Telecommunication Services — .9%** |
| AT&T, Inc. | 303167 | 7921754 |
| Comcast Corp., Cl. A | 155399 | 4201989 |
| T-Mobile US, Inc. | 20371 | 3982530 |
| Verizon Communications, Inc. | 182497 | 8765331 |
|  |  | **24871604** |
| **Transportation — 1.3%** | **Transportation — 1.3%** | **Transportation — 1.3%** |
| C.H. Robinson Worldwide, Inc. | 5122 | 931231 |

---

**12**

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 99.2% (continued)** | **Equity Securities - Common Stocks — 99.2% (continued)** | **Equity Securities - Common Stocks — 99.2% (continued)** |
| **Transportation — 1.3% (continued)** | **Transportation — 1.3% (continued)** | **Transportation — 1.3% (continued)** |
| CSX Corp. | 80432 | 3654026 |
| Delta Air Lines, Inc. | 28087 | 1909635 |
| Expeditors International of Washington, Inc. | 5979 | 884234 |
| FedEx Corp. | 9347 | 3769738 |
| J.B. Hunt Transport Services, Inc. | 3339 | 839859 |
| Norfolk Southern Corp. | 9843 | 3108715 |
| Old Dominion Freight Line, Inc. | 7768 | 1650156 |
| Southwest Airlines Co. | 22036 | 835605 |
| Uber Technologies, Inc.<sup>(a)</sup>  | 89129 | 6649915 |
| Union Pacific Corp. | 25811 | 6955548 |
| United Airlines Holdings, Inc.<sup>(a)</sup>  | 14004 | 1260360 |
| United Parcel Service, Inc., Cl. B | 31669 | 3445587 |
|  |  | **35894609** |
| **Utilities — 2.3%** | **Utilities — 2.3%** | **Utilities — 2.3%** |
| Alliant Energy Corp.<sup>(b)</sup>  | 11415 | 838203 |
| Ameren Corp. | 12029 | 1367096 |
| American Electric Power Co., Inc. | 23479 | 3219206 |
| American Water Works Co., Inc. | 8133 | 1044440 |
| Atmos Energy Corp. | 7188 | 1365576 |
| CenterPoint Energy, Inc. | 27723 | 1210109 |
| CMS Energy Corp. | 13671 | 1049113 |
| Consolidated Edison, Inc. | 15896 | 1772245 |
| Constellation Energy Corp. | 13584 | 4251792 |
| Dominion Energy, Inc. | 37157 | 2396626 |
| DTE Energy Co. | 9174 | 1391604 |
| Duke Energy Corp. | 33809 | 4379956 |
| Edison International | 16100 | 1118789 |
| Entergy Corp. | 19590 | 2309857 |
| Evergy, Inc. | 9622 | 797086 |
| Eversource Energy | 16639 | 1176377 |
| Exelon Corp. | 44587 | 2050556 |
| FirstEnergy Corp.<sup>(b)</sup>  | 22725 | 1079892 |
| NextEra Energy, Inc. | 90190 | 8827797 |
| NiSource, Inc. | 21218 | 1024405 |
| NRG Energy, Inc. | 8974 | 1396175 |
| PG&E Corp. | 95135 | 1581144 |
| Pinnacle West Capital Corp.<sup>(b)</sup>  | 5340 | 553865 |
| PPL Corp. | 32620 | 1221293 |
| Public Service Enterprise Group, Inc. | 21657 | 1768511 |
| Sempra | 28302 | 2692086 |
| The AES Corp. | 29429 | 425249 |
| The Southern Company | 47523 | 4595474 |
| Vistra Corp. | 13614 | 2148834 |
| WEC Energy Group, Inc.<sup>(b)</sup>  | 13896 | 1638894 |
| Xcel Energy, Inc. | 25867 | 2145668 |
|  |  | **62837918** |
| **Total Equity Securities - Common Stocks** <br>(cost $425,265,255)<br>|  | **2673322044** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**13**

------

SCHEDULE OF INVESTMENTS (Unaudited) (continued)

------

---

| | | | |
|:---|:---|:---|:---|
| Description | 1-Day <br>Yield (%)<br>| Shares | Value ($) |
| **Investment Companies — .9%** | **Investment Companies — .9%** | **Investment Companies — .9%** | **Investment Companies — .9%** |
| **Registered Investment Companies — .9%** | **Registered Investment Companies — .9%** | **Registered Investment Companies — .9%** | **Registered Investment Companies — .9%** |
| Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional <br> Shares<sup>(d)</sup> <br>(cost $25,163,938)<br>| 3.70 | 25163938 | **25163938** |
| **Investment of Cash Collateral for Securities Loaned — .0%** |  |  |  |
| **Registered Investment Companies — .0%** |  |  |  |
| Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional <br> Shares<sup>(d)</sup> <br>(cost $157,111)<br>| 3.70 | 157111 | **157111** |
| **Total Investments** (cost $450,586,304) | **Total Investments** (cost $450,586,304) | **100.1%** | **2698643093** |
| **Liabilities, Less Cash and Receivables** | **Liabilities, Less Cash and Receivables** | **(.1%)** | **(2444463)** |
| **Net Assets**  | **Net Assets**  | **100.0%** | **2696198630** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Security, or portion thereof, on loan. At April 30, 2026, the value of the fund's securities on loan was $23,077,598 and the value of the collateral was $23,325,795, consisting of cash collateral of $157,111 and U.S. Government & Agency securities valued at $23,168,684. In addition, the value of collateral may include pending sales that are also on loan. 

<sup>(c)</sup> Investment in real estate investment trust within the United States.

<sup>(d)</sup> Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company's prospectus. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated Issuers** | **Affiliated Issuers** | **Affiliated Issuers** | **Affiliated Issuers** | **Affiliated Issuers** | **Affiliated Issuers** | **Affiliated Issuers** | **Affiliated Issuers** |
| Description | Value ($) <br>10/31/2025<br>| Purchases ($)<sup>†</sup>  | Sales ($) | Net Realized <br>Gain (Loss) ($)<br>| Net Change in <br>Unrealized <br>Appreciation <br>(Depreciation) ($)<br>| Value ($) <br>4/30/2026<br>| Dividends/ <br>Distributions ($)<br>|
| **Equity Securities - Common Stocks - .1%** | **Equity Securities - Common Stocks - .1%** | **Equity Securities - Common Stocks - .1%** | **Equity Securities - Common Stocks - .1%** | **Equity Securities - Common Stocks - .1%** | **Equity Securities - Common Stocks - .1%** | **Equity Securities - Common Stocks - .1%** | **Equity Securities - Common Stocks - .1%** |
| The Bank of New York <br> Mellon Corp. - .1%<br>| 3371517 | 78939 | (244639) | 151711 | 647369 | 4004897 | 31659 |
| **Registered Investment Companies - .9%** | **Registered Investment Companies - .9%** | **Registered Investment Companies - .9%** | **Registered Investment Companies - .9%** | **Registered Investment Companies - .9%** | **Registered Investment Companies - .9%** | **Registered Investment Companies - .9%** | **Registered Investment Companies - .9%** |
| Dreyfus Institutional <br> Preferred <br> Government Plus <br> Money Market Fund, <br> Institutional Shares - <br> .9%<br>| 34914917 | 168640379 | (178391358) | - | - | 25163938 | 519122 |
| **Investment of Cash Collateral for Securities Loaned - .0%** | **Investment of Cash Collateral for Securities Loaned - .0%** | **Investment of Cash Collateral for Securities Loaned - .0%** | **Investment of Cash Collateral for Securities Loaned - .0%** | **Investment of Cash Collateral for Securities Loaned - .0%** | **Investment of Cash Collateral for Securities Loaned - .0%** | **Investment of Cash Collateral for Securities Loaned - .0%** | **Investment of Cash Collateral for Securities Loaned - .0%** |
| Dreyfus Institutional <br> Preferred <br> Government Plus <br> Money Market Fund, <br> Institutional Shares - <br> .0%<br>| 161049 | 7753659 | (7757597) | - | - | 157111 | 20414<sup>††</sup>  |
| **Total - 1.0%** | **38447483** | **176472977** | **(186393594)** | **151711** | **647369** | **29325946** | **571195** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| <sup>†</sup>  | Includes reinvested dividends/distributions. |
| <sup>††</sup>  | Represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and <br> other payments to and from borrowers of securities.<br>|

---

**14**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures** | **Futures** | **Futures** | **Futures** | **Futures** | **Futures** |
| Description | Number of <br>Contracts<br>| Expiration | Notional <br>Value ($)<br>| Market <br>Value ($)<br>| Unrealized <br>Appreciation ($)<br>|
| **Futures Long** |  |  |  |  |  |
| S&P 500 E-mini | &nbsp;&nbsp; 78 | &nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp; 25450761 | &nbsp;&nbsp; 28250625 | &nbsp;&nbsp; 2799864 |
| **Gross Unrealized Appreciation** | **Gross Unrealized Appreciation** | **Gross Unrealized Appreciation** |  |  | **2799864** |

---

See notes to financial statements.

**15**

------

STATEMENT OF ASSETS AND LIABILITIES

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | Cost | Value |
| **Assets ($):** |  |  |
| Investments in securities—See Schedule of Investments <br>(including securities on loan, valued at $23,077,598)—Note 1(c):<br>|  |  |
| Unaffiliated issuers | 424985595 | &nbsp;&nbsp;&nbsp;&nbsp; 2669317147 |
| Affiliated issuers | 25600709 | &nbsp;&nbsp;&nbsp;&nbsp; 29325946 |
| Cash collateral held by broker—Note 4  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1958000 |
| Receivable for shares of Common Stock subscribed |  | &nbsp;&nbsp;&nbsp;&nbsp; 1222838 |
| Dividends and securities lending income receivable |  | &nbsp;&nbsp;&nbsp;&nbsp; 1188787 |
| Receivable for futures variation margin—Note 4  |  | &nbsp;&nbsp;&nbsp;&nbsp; 295301 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; **2703308019** |
| **Liabilities ($):** |  |  |
| Due to BNY Mellon Investment Adviser, Inc. and affiliates—Note 3(b)  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1052752 |
| Payable for shares of Common Stock redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp; 5867424 |
| Liability for securities on loan—Note 1(c)  |  | &nbsp;&nbsp;&nbsp;&nbsp; 157111 |
| Directors' fees and expenses payable |  | &nbsp;&nbsp;&nbsp;&nbsp; 32102 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; **7109389** |
| **Net Assets ($)** |  | &nbsp;&nbsp;&nbsp;&nbsp; **2696198630** |
| **Composition of Net Assets ($):** |  |  |
| Paid-in capital |  | &nbsp;&nbsp;&nbsp;&nbsp; 379669190 |
| Total distributable earnings (loss) |  | &nbsp;&nbsp;&nbsp;&nbsp; 2316529440 |
| **Net Assets ($)** |  | &nbsp;&nbsp;&nbsp;&nbsp; **2696198630** |
| **Shares Outstanding** |  |  |
| (200 million shares of $.001 par value Common Stock authorized) |  | &nbsp;&nbsp;&nbsp;&nbsp; 41682602 |
| **Net Asset Value Per Share ($)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**64.68** |

---

See notes to financial statements.

**16**

------

STATEMENT OF OPERATIONS

Six Months Ended April 30, 2026 (Unaudited)

---

| | |
|:---|:---|
| **Investment Income ($):** |  |
| **Income:** |  |
| Cash dividends (net of $3,329 foreign taxes withheld at source): |  |
| Unaffiliated issuers | &nbsp;&nbsp;&nbsp;&nbsp; 15211806 |
| Affiliated issuers | &nbsp;&nbsp;&nbsp;&nbsp; 550781 |
| Affiliated income net of rebates from securities lending—Note 1(c)  | &nbsp;&nbsp;&nbsp;&nbsp; 20414 |
| Interest | &nbsp;&nbsp;&nbsp;&nbsp; 172 |
| **Total Income** | &nbsp;&nbsp;&nbsp;&nbsp; **15783173** |
| **Expenses:** |  |
| Management fee—Note 3(a)  | &nbsp;&nbsp;&nbsp;&nbsp; 3186968 |
| Shareholder servicing costs—Note 3(b)  | &nbsp;&nbsp;&nbsp;&nbsp; 3186968 |
| Directors' fees—Notes 3(a) and 3(c)  | &nbsp;&nbsp;&nbsp;&nbsp; 114600 |
| Loan commitment fees—Note 2  | &nbsp;&nbsp;&nbsp;&nbsp; 24800 |
| **Total Expenses** | &nbsp;&nbsp;&nbsp;&nbsp; **6513336** |
| Less—Directors' fees reimbursed by <br>BNY Mellon Investment Adviser, Inc.—Note 3(a) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (114600)<br>|
| **Net Expenses** | &nbsp;&nbsp;&nbsp;&nbsp; **6398736** |
| **Net Investment Income** | &nbsp;&nbsp;&nbsp;&nbsp; **9384437** |
| **Realized and Unrealized Gain (Loss) on Investments—Note 4 ($):** |  |
| Net realized gain (loss) on investments: |  |
| Unaffiliated issuers | &nbsp;&nbsp;&nbsp;&nbsp; 73571697 |
| Affiliated issuers | &nbsp;&nbsp;&nbsp;&nbsp; 151711 |
| Net realized gain (loss) on futures | &nbsp;&nbsp;&nbsp;&nbsp; (924111)<br>|
| **Net Realized Gain (Loss)** | &nbsp;&nbsp;&nbsp;&nbsp; **72799297** |
| Net change in unrealized appreciation (depreciation) on investments: |  |
| Unaffiliated issuers | &nbsp;&nbsp;&nbsp;&nbsp; 61226660 |
| Affiliated issuers | &nbsp;&nbsp;&nbsp;&nbsp; 647369 |
| Net change in unrealized appreciation (depreciation) on futures | &nbsp;&nbsp;&nbsp;&nbsp; 2724978 |
| **Net Change in Unrealized Appreciation (Depreciation)** | &nbsp;&nbsp;&nbsp;&nbsp; **64599007** |
| **Net Realized and Unrealized Gain (Loss) on Investments** | &nbsp;&nbsp;&nbsp;&nbsp; **137398304** |
| **Net Increase in Net Assets Resulting from Operations** | &nbsp;&nbsp;&nbsp;&nbsp; **146782741** |

---

See notes to financial statements.

**17**

------

STATEMENT OF CHANGES IN NET ASSETS

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; Six Months Ended <br>April 30, 2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited) | Year Ended October 31, 2025 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Six Months Ended <br>April 30, 2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited) | Year Ended October 31, 2025 |
| **Operations ($):** |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp; 9384437 | &nbsp;&nbsp;&nbsp;&nbsp; 19646260 |
| Net realized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp; 72799297 | &nbsp;&nbsp;&nbsp;&nbsp; 224729154 |
| Net change in unrealized appreciation (depreciation) on investments | &nbsp;&nbsp;&nbsp;&nbsp; 64599007 | &nbsp;&nbsp;&nbsp;&nbsp; 223641001 |
| **Net Increase (Decrease) in Net Assets Resulting from Operations** | &nbsp;&nbsp;&nbsp;&nbsp; **146782741** | &nbsp;&nbsp;&nbsp;&nbsp; **468016415** |
| **Distributions ($):** |  |  |
| **Distributions to shareholders** | &nbsp;&nbsp;&nbsp;&nbsp; **(243234916)** | &nbsp;&nbsp;&nbsp;&nbsp; **(230555049)** |
| **Capital Stock Transactions ($):** |  |  |
| Net proceeds from shares sold | &nbsp;&nbsp;&nbsp;&nbsp; 154921879 | &nbsp;&nbsp;&nbsp;&nbsp; 193479066 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp; 233845094 | &nbsp;&nbsp;&nbsp;&nbsp; 222935464 |
| Cost of shares redeemed | &nbsp;&nbsp;&nbsp;&nbsp; (216419485) | &nbsp;&nbsp;&nbsp;&nbsp; (445304309) |
| **Increase (Decrease) in Net Assets from Capital Stock Transactions** | &nbsp;&nbsp;&nbsp;&nbsp; **172347488** | &nbsp;&nbsp;&nbsp;&nbsp; **(28889779)** |
| **Total Increase (Decrease) in Net Assets** | &nbsp;&nbsp;&nbsp;&nbsp; **75895313** | &nbsp;&nbsp;&nbsp;&nbsp; **208571587** |
| **Net Assets ($):** |  |  |
| Beginning of Period | &nbsp;&nbsp;&nbsp;&nbsp; 2620303317 | &nbsp;&nbsp;&nbsp;&nbsp; 2411731730 |
| **End of Period** | &nbsp;&nbsp;&nbsp;&nbsp; **2696198630** | &nbsp;&nbsp;&nbsp;&nbsp; **2620303317** |
| **Capital Share Transactions (Shares):** |  |  |
| Shares sold | &nbsp;&nbsp;&nbsp;&nbsp; 2491385 | &nbsp;&nbsp;&nbsp;&nbsp; 3242313 |
| Shares issued for distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp; 3780231 | &nbsp;&nbsp;&nbsp;&nbsp; 3810211 |
| Shares redeemed | &nbsp;&nbsp;&nbsp;&nbsp; (3448191) | &nbsp;&nbsp;&nbsp;&nbsp; (7408981) |
| **Net Increase (Decrease) in Shares Outstanding** | &nbsp;&nbsp;&nbsp;&nbsp; **2823425** | &nbsp;&nbsp;&nbsp;&nbsp; **(356457)** |

---

See notes to financial statements.

**18**

------

FINANCIAL HIGHLIGHTS

The following table describes the performance for the fiscal periods indicated. Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp; Six Months Ended <br>April 30, 2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)  | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, |
|  | &nbsp;&nbsp;&nbsp; Six Months Ended <br>April 30, 2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)  | 2025 | 2024 | 2023 | 2022 | 2021 |
| **Per Share Data ($):** | **Per Share Data ($):** |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp;67.43 | &nbsp;&nbsp;&nbsp;&nbsp;61.50 | &nbsp;&nbsp;&nbsp;&nbsp;48.09 | &nbsp;&nbsp;&nbsp;&nbsp;49.07 | &nbsp;&nbsp;&nbsp;&nbsp;65.31 | &nbsp;&nbsp;&nbsp;&nbsp;51.48 |
| Investment Operations: | Investment Operations: |  |  |  |  |  |
| Net investment income<sup>(a)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp; .23 | &nbsp;&nbsp;&nbsp;&nbsp; .49 | &nbsp;&nbsp;&nbsp;&nbsp; .55 | &nbsp;&nbsp;&nbsp;&nbsp; .57 | &nbsp;&nbsp;&nbsp;&nbsp; .56 | &nbsp;&nbsp;&nbsp;&nbsp; .56 |
| Net realized and unrealized gain (loss) on <br> investments<br>| &nbsp;&nbsp;&nbsp;&nbsp;3.36 | &nbsp;&nbsp;&nbsp;&nbsp;11.42 | &nbsp;&nbsp;&nbsp;&nbsp;16.61 | &nbsp;&nbsp;&nbsp;&nbsp;3.59 | &nbsp;&nbsp;&nbsp;&nbsp; (9.08)<br>| &nbsp;&nbsp;&nbsp;&nbsp;19.58 |
| Total from Investment Operations | &nbsp;&nbsp;&nbsp;&nbsp;3.59 | &nbsp;&nbsp;&nbsp;&nbsp;11.91 | &nbsp;&nbsp;&nbsp;&nbsp;17.16 | &nbsp;&nbsp;&nbsp;&nbsp;4.16 | &nbsp;&nbsp;&nbsp;&nbsp; (8.52)<br>| &nbsp;&nbsp;&nbsp;&nbsp;20.14 |
| Distributions: |  |  |  |  |  |  |
| Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (.50)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.56)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.59)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.62)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.58)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.75)<br>|
| Dividends from net realized gain on <br> investments<br>| &nbsp;&nbsp;&nbsp;&nbsp; (5.84)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (5.42)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.16)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4.52)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (7.14)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (5.56)<br>|
| Total Distributions | &nbsp;&nbsp;&nbsp;&nbsp; (6.34)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (5.98)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.75)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (5.14)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (7.72)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (6.31)<br>|
| Net asset value, end of period | &nbsp;&nbsp;&nbsp;&nbsp;64.68 | &nbsp;&nbsp;&nbsp;&nbsp;67.43 | &nbsp;&nbsp;&nbsp;&nbsp;61.50 | &nbsp;&nbsp;&nbsp;&nbsp;48.09 | &nbsp;&nbsp;&nbsp;&nbsp;49.07 | &nbsp;&nbsp;&nbsp;&nbsp;65.31 |
| **Total Return (%)** | &nbsp;&nbsp;&nbsp;&nbsp; 5.75 <br> <sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;20.84 | &nbsp;&nbsp;&nbsp;&nbsp;37.34 | &nbsp;&nbsp;&nbsp;&nbsp;9.60 | &nbsp;&nbsp;&nbsp;&nbsp; (15.03)<br>| &nbsp;&nbsp;&nbsp;&nbsp;42.21 |
| **Ratios/Supplemental Data (%):** | **Ratios/Supplemental Data (%):** |  |  |  |  |  |
| Ratio of total expenses to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; .51 <br> <sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; .51 | &nbsp;&nbsp;&nbsp;&nbsp; .51 | &nbsp;&nbsp;&nbsp;&nbsp; .51 | &nbsp;&nbsp;&nbsp;&nbsp; .51 | &nbsp;&nbsp;&nbsp;&nbsp; .51 |
| Ratio of net expenses <br> to average net assets<sup>(d)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; .50 <br> <sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; .50 | &nbsp;&nbsp;&nbsp;&nbsp; .50 | &nbsp;&nbsp;&nbsp;&nbsp; .50 | &nbsp;&nbsp;&nbsp;&nbsp; .50 | &nbsp;&nbsp;&nbsp;&nbsp; .50 |
| Ratio of net investment income to average <br> net assets<sup>(d)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; .74 <br> <sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; .81 | &nbsp;&nbsp;&nbsp;&nbsp; .98 | &nbsp;&nbsp;&nbsp;&nbsp;1.19 | &nbsp;&nbsp;&nbsp;&nbsp;1.03 | &nbsp;&nbsp;&nbsp;&nbsp; .95 |
| Portfolio Turnover Rate | &nbsp;&nbsp;&nbsp;&nbsp; 3.51 <br> <sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2.80 | &nbsp;&nbsp;&nbsp;&nbsp;2.42 | &nbsp;&nbsp;&nbsp;&nbsp;1.98 | &nbsp;&nbsp;&nbsp;&nbsp;1.89 | &nbsp;&nbsp;&nbsp;&nbsp;3.31 |
| **Net Assets, end of period ($ x 1,000)** | &nbsp;&nbsp;&nbsp;&nbsp; 2696199 | &nbsp;&nbsp;&nbsp;&nbsp; 2620303 | &nbsp;&nbsp;&nbsp;&nbsp; 2411732 | &nbsp;&nbsp;&nbsp;&nbsp; 1938020 | &nbsp;&nbsp;&nbsp;&nbsp; 1919564 | &nbsp;&nbsp;&nbsp;&nbsp; 2553501 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Based on average shares outstanding.

<sup>(b)</sup> Not annualized.

<sup>(c)</sup> Annualized.

<sup>(d)</sup> Amount inclusive of Directors' fees reimbursed by BNY Mellon Investment Adviser, Inc.

See notes to financial statements.

**19**

------

NOTES TO FINANCIAL STATEMENTS (Unaudited)

**NOTE 1—**

**Significant Accounting Policies:**

BNY Mellon S&P 500 Index Fund (the "fund") is a separate diversified series of BNY Mellon Index Funds, Inc. (the "Company"), which is registered under the Investment Company Act of 1940, as amended (the "Act"), as an open-end management investment company and operates as a series company currently offering three series, including the fund. The fund's investment objective is to seek to match the performance of the S&P 500® Index. BNY Mellon Investment Adviser, Inc. (the "Adviser"), a wholly-owned subsidiary of The Bank of New York Mellon Corporation ("BNY"), serves as the fund's investment adviser. BNY Mellon Securities Corporation (the "Distributor"), a wholly-owned subsidiary of the Adviser, is the distributor of the fund's shares, which are sold to the public without a sales charge.

Effective November 14, 2025, the fund may operate as a non-diversified fund, as defined under the Act, as amended, to the approximate extent the S&P 500® Index is non-diversified, without shareholder approval. The fund may therefore operate as non-diversified solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the index.

The Company accounts separately for the assets, liabilities and operations of each series. Expenses directly attributable to each series are charged to that series' operations; expenses which are applicable to all series of the Company are allocated among them on a pro rata basis.

The Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") is the exclusive reference of authoritative U.S. generally accepted accounting principles ("GAAP") recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the SEC under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The Company enters into contracts that contain a variety of indemnifications. The fund's maximum exposure under these arrangements is unknown. The fund does not anticipate recognizing any loss related to these arrangements.

**(a) Portfolio valuation:** 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.

**20**

------

NOTES TO FINANCIAL STATEMENTS (Unaudited) (continued)

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, 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 Company's Board of Directors (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.

Futures contracts will be valued at the most recent settlement price and are generally categorized within Level 1 of the fair value hierarchy.

The following is a summary of the inputs used as of April 30, 2026 in valuing the fund's investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 -** <br>**Unadjusted** <br>**Quoted Prices**<br>| **Level 2- Other** <br>**Significant** <br>**Observable Inputs**<br>| **Level 3-** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Assets ($)** |  |  |  |  |
| Investments in Securities:<sup>†</sup>  |  |  |  |  |
| Equity Securities - Common Stocks | &nbsp;&nbsp; 2673322044 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; **2673322044** |
| Investment Companies | &nbsp;&nbsp; 25321049 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; **25321049** |
|  | &nbsp;&nbsp; **2698643093** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **2698643093** |
| Other Financial Instruments: |  |  |  |  |
| Futures<sup>††</sup>  | &nbsp;&nbsp; 2799864 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; **2799864** |
|  | &nbsp;&nbsp; **2799864** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **2799864** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| <sup>†</sup>  | See Schedule of Investments for additional detailed categorizations, if any. |
| <sup>††</sup>  | Amount shown represents unrealized appreciation (depreciation) at period end, but only variation margin on exchange-traded and centrally cleared derivatives, <br> if any, are reported in the Statement of Assets and Liabilities.<br>|

---

**(b) Foreign taxes:** The fund may be subject to foreign taxes (a portion of which may be reclaimable) on income, stock dividends, realized and unrealized capital gains on investments or certain foreign currency transactions. Foreign taxes are recorded in accordance with the applicable foreign tax regulations and rates that exist in the foreign jurisdictions in which the fund invests. These foreign taxes, if any, are paid by the fund and are reflected in the Statement of Operations, if applicable. Foreign taxes payable or deferred or those subject to reclaims as of April 30, 2026, if any, are disclosed in the fund's Statement of Assets and Liabilities.

**(c) Securities transactions and investment income:** Securities transactions are recorded on a trade date basis. Realized gains and losses from securities transactions are recorded on the identified cost basis. Dividend income is recognized on the ex-dividend date and interest income, including, where applicable, accretion of discount and amortization of premium on investments, is recognized on the accrual basis.

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

**21**

------

NOTES TO FINANCIAL STATEMENTS (Unaudited) (continued)

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. Any non-cash collateral received cannot be sold or re-pledged by the fund, except in the event of borrower default, and is not reflected in the Statement of Assets and Liabilities. 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. During the period ended April 30, 2026, BNY earned $2,781 from the lending of the fund's portfolio securities, pursuant to the securities lending agreement.

For financial reporting purposes, the fund elects not to offset assets and liabilities subject to a securities lending agreement, if any, in the Statement of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statement of Assets and Liabilities. As of April 30, 2026, the fund had securities lending and the impact of netting of assets and liabilities and the offsetting of collateral pledged or received, if any, based on contractual netting/set-off provisions in the securities lending agreement are detailed in the following table:

---

| | |
|:---|:---|
| **Assets ($)** |  |
| Gross amount of securities loaned, at <br> value, as disclosed in the Statement <br>of Assets and Liabilities<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23077598 |
| Collateral (received)/posted not offset <br>in the Statement of <br>Assets and Liabilities<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (23077598 )<sup>†</sup><br>|
| Net amount | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| <sup>†</sup>  | The value of the related collateral received by the fund exceeded the value of the securities loaned by the fund pursuant to the securities lending agreement. In addition, <br> the value of collateral may include pending sales that are also on loan. See Schedule of Investments for detailed information regarding collateral received for open <br> securities lending.<br>|

---

**(d) Affiliated issuers:** Investments in other investment companies advised by the Adviser are considered "affiliated" under the Act.

**(e) Market Risk:** The value of the securities in which the fund invests may be affected by political, regulatory, economic and social developments, and developments that impact specific economic sectors, industries or segments of the market. In addition, turbulence in financial markets and reduced liquidity in equity, credit and/or fixed-income markets may negatively affect many issuers, which could adversely affect the fund. Global economies and financial markets are becoming increasingly interconnected, and conditions and events in one country, region or financial market may adversely impact issuers in a different country, region or financial market. These risks may be magnified if certain events or developments adversely interrupt the global supply chain; in these and other circumstances, such risks might affect companies world-wide. Local, regional or global events such as war, military conflicts, acts of terrorism, natural disasters, the spread of infectious illness or other public health issues, recessions, elevated levels of government debt, changes in trade regulation or economic sanctions, internal unrest and discord, or other events could have a significant impact on the fund and its investments.

**Indexing Strategy Risk:** The fund uses an indexing strategy. It does not attempt to manage market volatility, use defensive strategies or reduce the effects of any long-term periods of poor index performance. The correlation between fund and index performance may be affected by the fund's expenses and/or use of sampling techniques, changes in securities markets, changes in the composition of the index and the timing of purchases and redemptions of fund shares.

**(f) Dividends and distributions to shareholders:** Dividends and distributions are recorded on the ex-dividend date. Dividends from net investment income and dividends from net realized capital gains, if any, are normally declared and paid annually, but the fund may make distributions on a more frequent basis to comply with the distribution requirements of the Internal Revenue Code of 1986, as amended (the "Code"). To the extent that net realized capital gains can be offset by capital loss carryovers, it is the policy of the fund not to distribute such gains. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

**(g) Federal income taxes:** It is the policy of the fund to continue to qualify as a regulated investment company, if such qualification is

**22**

------

NOTES TO FINANCIAL STATEMENTS (Unaudited) (continued)

in the best interests of its shareholders, by complying with the applicable provisions of the Code, and to make distributions of taxable income and net realized capital gain sufficient to relieve it from substantially all federal income and excise taxes.

As of and during the period ended April 30, 2026, the fund did not have any liabilities for any uncertain tax positions. The fund recognizes interest and penalties, if any, related to uncertain tax positions as income tax expense in the Statement of Operations. During the period ended April 30, 2026, the fund did not incur any interest or penalties.

Each tax year in the three-year period ended October 31, 2025 remains subject to examination by the Internal Revenue Service and state taxing authorities.

The tax character of distributions paid to shareholders during the fiscal year ended October 31, 2025 were as follows: ordinary income $24,462,557 and long-term capital gains $206,092,492. The tax character of current year distributions will be determined at the end of the current fiscal year.

**(h) Operating segment reporting:** In accordance with FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures ("ASU 2023-07"), the fund has operated and been managed as a single reportable segment, generating returns through dividends, interest, and/or gains from investments aligned with its single stated investment objective as outlined in the fund's prospectus. The fund's accounting policies are consistent with those described in these Notes to Financial Statements. The chief operating decision maker ("CODM") is represented by BNY Investments and is comprised of Senior Management and Directors of BNY Investments. The CODM considers the net increase in net assets resulting from operations when deciding whether to purchase additional investments or make distributions to shareholders. Detailed financial information for the fund is presented in these financial statements, including total assets and liabilities in the Statement of Assets and Liabilities, investments held in the Schedule of Investments, results of operations and significant segment expenses in the Statement of Operations, and additional performance information—such as total return, portfolio turnover, and ratios—in the Financial Highlights.

**NOTE 2—**

**Bank Lines of Credit:**

The fund participates with other long-term open-end funds managed by the Adviser in a $738 million unsecured credit facility led by Citibank, N.A. (the "Citibank Credit Facility") and a $300 million unsecured credit facility provided by BNY (the "BNY Credit Facility"), each to be utilized primarily for temporary or emergency purposes, including the financing of redemptions (each, a "Facility"). The Citibank Credit Facility is available in two tranches: (i) Tranche A is in an amount equal to $618 million and is available to all long-term open-ended funds, including the fund, and (ii) Tranche B is an amount equal to $120 million and is available only to BNY Mellon Floating Rate Income Fund, a series of BNY Mellon Investment Funds IV, Inc. In connection therewith, the fund has agreed to pay its pro rata portion of commitment fees for Tranche A of the Citibank Credit Facility and the BNY Credit Facility. Interest is charged to the fund based on rates determined pursuant to the terms of the respective Facility at the time of borrowing. During the period ended April 30, 2026, the fund did not borrow under either Facility.

**NOTE 3—**

**Management Fee and Other Transactions with Affiliates:**

**(a)** Pursuant to a management agreement with the Adviser, the management fee is computed at the annual rate of .25% of the value of the fund's average daily net assets and is payable monthly. The Adviser has agreed in its management agreement with the fund to pay all of the fund's expenses, except management fees, interest expenses, brokerage commissions, and commitment fees on borrowings, if any, fees pursuant to any distribution or shareholder services plan adopted by the fund, fees and expenses of the non-interested board members and their counsel and independent counsel to the fund, and any extraordinary expenses. The Adviser has further agreed to reduce its fees in an amount equal to the fund's allocable portion of the fees and expenses of the non-interested board members and the fees and expenses of independent counsel to the fund and to the non-interested board members. These provisions in the management agreement may not be amended without the approval of the fund's shareholders. During the period ended April 30, 2026, fees reimbursed by the Adviser amounted to $114,600.

**(b)** Under the shareholder services plan (the "Shareholder Services Plan"), the fund pays the Distributor at an annual rate of .25% of the value of their average daily net assets for the provision of certain services. The services provided may include personal services relating to shareholder accounts, such as answering shareholder inquiries regarding the fund, and services related to the maintenance of shareholder accounts. The Distributor may make payments to service agents (securities dealers, financial institutions or other industry professionals) with respect to these services. The Distributor determines the amounts to be paid to service agents. During the period ended April 30, 2026, the fund was charged $3,186,968 pursuant to the Shareholder Services Plan.

**23**

------

NOTES TO FINANCIAL STATEMENTS (Unaudited) (continued)

The fund has an arrangement with The Bank of New York Mellon (the "Custodian"), a subsidiary of BNY and an affiliate of the Adviser, whereby the fund will receive interest income or be charged overdraft fees when cash balances are maintained. For financial reporting purposes, the fund includes this interest income and overdraft fees, if any, as interest income in the Statement of Operations.

The components of "Due to BNY Mellon Investment Adviser, Inc. and affiliates" in the Statement of Assets and Liabilities consist of: management fee of $535,376, Shareholder Services Plan fees of $535,376, which are offset against an expense reimbursement currently in effect in the amount of $18,000.

**(c)** Each board member of the fund also serves as a board member of other funds in the BNY Mellon Family of Funds complex. Annual retainer fees and attendance fees are allocated to each fund based on net assets.

**NOTE 4—**

**Securities Transactions:**

The aggregate amount of purchases and sales of investment securities, excluding short-term securities and derivatives, during the period ended April 30, 2026, amounted to $89,519,984 and $135,806,450, respectively.

**Derivatives:** A derivative is a financial instrument whose performance is derived from the performance of another asset. Rule 18f-4 under the Act regulates the use of derivatives transactions for certain funds registered under the Act. Each type of derivative instrument that was held by the fund during the period ended April 30, 2026 is discussed below.

**Deposits with Broker:** The amount included in Cash collateral held by broker in the Statement of Asset and Liabilities represents cash balances that are held by a broker, including collateral required for derivative contracts. Any income earned on cash balances held by a broker is recorded as interest income to the fund.

**Futures:** In the normal course of pursuing its investment objective, the fund is exposed to market risk, including equity price 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 April 30, 2026 are set forth in the fund's Schedule of Investments.

The following tables show the fund's exposure to different types of market risk as it relates to the Statement of Assets and Liabilities and the Statement of Operations, respectively.

Fair value of derivative instruments as of April 30, 2026 is shown below:

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Derivative** <br>**Assets ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Derivative** <br>**Liabilities ($)**<br>|
| Equity Risk | &nbsp;&nbsp;&nbsp;&nbsp; 2799864 <br> <sup>(1)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; - |
| **Gross fair value of derivative contracts** | &nbsp;&nbsp;&nbsp;&nbsp; **2799864** | &nbsp;&nbsp;&nbsp;&nbsp; **-** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Statement of Assets and Liabilities location: | Statement of Assets and Liabilities location: |
| <sup>(1)</sup>  | Includes cumulative appreciation (depreciation) on futures as reported in the Schedule of Investments, but only the unpaid variation margin is reported in the <br> Statement of Assets and Liabilities.<br>|

---

The effect of derivative instruments in the Statement of Operations during the period ended April 30, 2026 is shown below:

---

| | | |
|:---|:---|:---|
| Amount of realized gain (loss) on derivatives recognized in income ($) | Amount of realized gain (loss) on derivatives recognized in income ($) | Amount of realized gain (loss) on derivatives recognized in income ($) |
| **Underlying risk** | **Futures**<sup>(1)</sup>  | **Total** |
| Equity | &nbsp;&nbsp;&nbsp;&nbsp; (924111) | &nbsp;&nbsp;&nbsp;&nbsp; **(924111)** |
| **Total** | &nbsp;&nbsp;&nbsp;&nbsp; **(924111)** | &nbsp;&nbsp;&nbsp;&nbsp; **(924111)** |

---

**24**

------

NOTES TO FINANCIAL STATEMENTS (Unaudited) (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Net change in unrealized appreciation (depreciation) on derivatives recognized in income ($) | Net change in unrealized appreciation (depreciation) on derivatives recognized in income ($) | Net change in unrealized appreciation (depreciation) on derivatives recognized in income ($) |
| **Underlying risk** | **Futures**<sup>(2)</sup>  | **Total** |
| Equity | &nbsp;&nbsp;&nbsp;&nbsp; 2724978 | &nbsp;&nbsp;&nbsp;&nbsp; **2724978** |
| **Total** | &nbsp;&nbsp;&nbsp;&nbsp; **2724978** | &nbsp;&nbsp;&nbsp;&nbsp; **2724978** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Statement of Operations location: <br> <sup>(1)</sup> Net realized gain (loss) on futures. <br> <sup>(2)</sup> Net change in unrealized appreciation (depreciation) on futures.

The following table summarizes the monthly average market value of derivatives outstanding during the period ended April 30, 2026:

---

| | |
|:---|:---|
|  | Average Market Value ($) |
| **Futures:** |  |
| Equity Futures Long | &nbsp;&nbsp; 31478695 |

---

At April 30, 2026, accumulated net unrealized appreciation on investments inclusive of derivative contracts was $2,250,856,653, consisting of $2,277,316,771 gross unrealized appreciation and $26,460,118 gross unrealized depreciation.

At April 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).

**25**

------

Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies (Unaudited)

N/A

**26**

------

Item 9. Proxy Disclosures for Open-End Management Investment Companies (Unaudited)

N/A

**27**

------

Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies (Unaudited)

Each board member also serves as a board member of other funds in the BNY Mellon Family of Funds complex, and annual retainer fees and meeting attendance fees are allocated to each fund based on net assets. The Adviser reimburses the fund for the fees and expenses of the non-interested board members. Compensation paid by the fund to the board members and board member fees reimbursed by the Adviser during the period are within Item 7. Statement of Operations as Directors' and Directors' fees reimbursed by BNY Mellon Investment Adviser, Inc., respectively.

**28**

------

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contracts (Unaudited)

At a meeting of the fund's Board of Directors (the "Board") held on March 5-6, 2026, the Board considered the renewal of the fund's Management Agreement pursuant to which the Adviser provides the fund with investment advisory and administrative services (the "Agreement"). The Board members, none of whom are "interested persons" (as defined in the Investment Company Act of 1940, as amended) of the fund, were assisted in their review by independent legal counsel and met with counsel in executive session separate from representatives of the Adviser. In considering the renewal of the Agreement, the Board considered several factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Board member may have attributed different weights to the factors considered.

<u>Analysis of Nature, Extent, and Quality of Services Provided to the Fund.</u> The Board considered information provided to it at the meeting and in previous presentations from representatives of the Adviser regarding the nature, extent, and quality of the services provided to funds in the BNY fund complex, including the fund. The Adviser provided the number of open accounts in the fund, the fund's asset size and the allocation of fund assets among distribution channels. The Adviser also had previously provided information regarding the diverse intermediary relationships and distribution channels of funds in the BNY fund complex (such as retail direct or intermediary, in which intermediaries typically are paid by the fund and/or the Adviser) and the Adviser's corresponding need for broad, deep, and diverse resources to be able to provide ongoing shareholder services to each intermediary or distribution channel, as applicable to the fund.

The Board also considered research support available to, and portfolio management capabilities of, the fund's portfolio management personnel and that the Adviser also provides oversight of day-to-day fund operations, including fund accounting and administration and assistance in meeting legal and regulatory requirements. The Board also considered the Adviser's extensive administrative, accounting and compliance infrastructures.

<u>Comparative Analysis of the Fund's Performance and Management Fee and Expense Ratio.</u> The Board reviewed reports prepared by Broadridge Financial Solutions, Inc. ("Broadridge"), an independent provider of investment company data based on classifications provided by Thomson Reuters Lipper ("Lipper"), which included information comparing (1) the performance of the fund's shares with the performance of a group of retail no-load S&P 500 index funds selected by Broadridge as comparable to the fund (the "Performance Group") and with a broader group of funds consisting of all retail and institutional S&P 500 index funds (the "Performance Universe"), all for various periods ended December 31, 2025, and (2) the fund's actual and contractual management fees and total expenses with those of the same group of funds in the Performance Group (the "Expense Group") and with a broader group of funds consisting of retail no-load S&P 500 index funds, excluding outliers (the "Expense Universe"), the information for which was derived in part from fund financial statements available to Broadridge as of the date of its analysis. The Adviser previously had furnished the Board with a description of the methodology Broadridge used to select the Performance Group and Performance Universe and the Expense Group and Expense Universe.

Performance Comparisons. Representatives of the Adviser stated that the usefulness of performance comparisons may be affected by a number of factors, including different investment limitations and policies that may be applicable to the fund and comparison funds and the end date selected. The Board also considered the fund's performance in light of overall financial market conditions. The Board discussed with representatives of the Adviser the results of the comparisons and considered that the fund's total return performance was below the Performance Group and Performance Universe medians for all periods under review. It was noted that there were only five other funds in the Performance Group. The Board considered the relative proximity of the fund's performance to the Performance Group and/or Performance Universe medians during the periods under review. The Adviser also provided a comparison of the fund's calendar year total returns to the returns of the fund's benchmark index. The Board noted that the fund had a four-star overall rating and a four-star rating for each of the five- and ten-year periods from Morningstar based on Morningstar's risk-adjusted return measures.

Management Fee and Expense Ratio Comparisons. The Board reviewed and considered the contractual management fee rate payable by the fund to the Adviser in light of the nature, extent and quality of the management services provided by the Adviser. In addition, the Board reviewed and considered the actual management fee rate paid by the fund over the fund's last fiscal year. The Board also reviewed the range of actual and contractual management fees and total expenses as a percentage of average net assets of the Expense Group and Expense Universe funds and discussed the results of the comparisons.

The Board noted that the Adviser pays all fund expenses, other than the actual management fee and certain other expenses. Because of the fund's "unitary" fee structure, the Board recognized that the fund's fees and expenses will vary within a much smaller range and the

**29**

------

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contracts (Unaudited) (continued)

Adviser will bear the risk that fund expenses may increase over time. On the other hand, the Board noted that it is possible that the Adviser could earn a profit on the fees charged under the Agreement and would benefit from any price decreases in third-party services covered by the Agreement. Taking into account the fund's "unitary" fee structure, the Board considered that the fund's contractual management fee was approximately equivalent to the Expense Group median contractual management fee, the fund's actual management fee was higher than the Expense Group median and higher than the Expense Universe median actual management fee, and the fund's total expenses were higher than the Expense Group median and higher than the Expense Universe median total expenses.

Representatives of the Adviser reviewed with the Board the management or investment advisory fees (1) paid by the one fund advised by the Adviser that is in the same Lipper category as the fund and (2) paid to the Adviser, or the primary employer of the fund's primary portfolio managers that is affiliated with the Adviser, for advising any separate accounts and/or other types of client portfolios that are considered to have similar investment strategies and policies as the fund (the "Similar Clients"), and explained the nature of the Similar Clients. They discussed differences in fees paid and the relationship of the fees paid in light of any differences in the services provided and other relevant factors, noting the fund's "unitary" fee structure. The Board considered the relevance of the fee information provided for the Similar Clients to evaluate the appropriateness of the fund's management fee.

<u>Analysis of Profitability and Economies of Scale.</u> Representatives of the Adviser reviewed the expenses allocated and profit received by the Adviser and its affiliates and the resulting profitability percentage for managing the fund and the aggregate profitability percentage to the Adviser and its affiliates for managing the funds in the BNY fund complex, and the method used to determine the expenses and profit. The Board concluded that the profitability results were not excessive, given the services rendered and service levels provided by the Adviser and its affiliates. The Board had been provided with information prepared by an independent consulting firm regarding the Adviser's approach to allocating costs to, and determining the profitability of, individual funds and the entire BNY fund complex. The consulting firm also had analyzed where any economies of scale might emerge in connection with the management of a fund.

The Board considered, on the advice of its counsel, the profitability analysis (1) as part of its evaluation of whether the fee under the Agreement, considered in relation to the mix of services provided by the Adviser, including the nature, extent and quality of such services, supported the renewal of the Agreement and (2) in light of the relevant circumstances for the fund and the extent to which economies of scale would be realized if the fund grows and whether fee levels reflect these economies of scale for the benefit of fund shareholders. Representatives of the Adviser stated that, as a result of shared and allocated costs among funds in the BNY fund complex, the extent of economies of scale could depend substantially on the level of assets in the complex as a whole, so that increases and decreases in complex-wide assets can affect potential economies of scale in a manner that is disproportionate to, or even in the opposite direction from, changes in the fund's asset level. The Board also considered potential benefits to the Adviser from acting as investment adviser and took into consideration that there were no soft dollar arrangements in effect for trading the fund's investments.

At the conclusion of these discussions, the Board agreed that it had been furnished with sufficient information to make an informed business decision with respect to the renewal of the Agreement. Based on the discussions and considerations as described above, the Board concluded and determined as follows.

&nbsp;&nbsp;&nbsp;&nbsp;●The Board concluded that the nature, extent and quality of the services provided by the Adviser are satisfactory and appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;●The Board was generally satisfied with the fund's overall performance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●The Board concluded that the fee paid to the Adviser continued to be appropriate under the circumstances and in light of the factors and the totality of the services provided as discussed above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●The Board determined that the economies of scale which may accrue to the Adviser and its affiliates in connection with the management of the fund had been adequately considered by the Adviser in connection with the fee rate charged to the fund pursuant to the Agreement and that, to the extent in the future it were determined that material economies of scale had not been shared with the fund, the Board would seek to have those economies of scale shared with the fund.

In evaluating the Agreement, the Board considered these conclusions and determinations and also relied on its previous knowledge, gained through meetings and other interactions with the Adviser and its affiliates, of the Adviser and the services provided to the fund by the Adviser. The Board also relied on information received on a routine and regular basis throughout the year relating to the operations of the fund and the investment management and other services provided under the Agreement, including information on the investment performance of the fund in comparison to similar mutual funds and benchmark performance indices; general market

**30**

------

outlook as applicable to the fund; and compliance reports. In addition, the Board's consideration of the contractual fee arrangements for the fund had the benefit of a number of years of reviews of the Agreement for the fund, or substantially similar agreements for other BNY funds that the Board oversees, during which lengthy discussions took place between the Board and representatives of the Adviser. Certain aspects of the arrangements may receive greater scrutiny in some years than in others, and the Board's conclusions may be based, in part, on its consideration of the fund's arrangements, or substantially similar arrangements for other BNY funds that the Board oversees, in prior years. The Board determined to renew the Agreement.

**31**

------© 2026 BNY Mellon Securities Corporation

Code-0078NCSRSA0426

![](img1502cbe61.gif)

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BNY Mellon Smallcap Stock Index Fund

**SEMI-ANNUAL FINANCIALS AND OTHER INFORMATION**

April 30, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Class** | **Ticker** |
| Investor | DISSX |
| I | DISIX |

---

![](img5ad9904c1.gif)

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**Save time. Save paper. View your next shareholder report online as soon as it's available. Log into** www.bny.com/investments **and sign up for eCommunications. It's simple and only takes a few minutes.**

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The views expressed in this report reflect those of the portfolio manager(s) only through the end of the period covered and do not necessarily represent the views of BNY Mellon Investment Adviser, Inc. or any other person in the BNY Mellon Investment Adviser, Inc. organization. Any such views are subject to change at any time based upon market or other conditions and BNY Mellon Investment Adviser, Inc. disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a fund in the BNY Mellon Family of Funds are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any fund in the BNY Mellon

Family of Funds.

Not FDIC-Insured • Not Bank-Guaranteed • May Lose Value

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Contents

The Fund

Please note the Semi-Annual Financials and Other Information only contains Items 7-11 required in Form N-CSR. All other required items will be filed with the Securities and Exchange Commission (the "SEC").

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
| **[Item 7. Financial Statements and Financial Highlights for Open-End Management](#xx_e976d931-7840-4593-8d45-dd523e3b486e_SOI-Commoncontent-4782_1)**<br> **[Investment Companies](#xx_e976d931-7840-4593-8d45-dd523e3b486e_SOI-Commoncontent-4782_1)**<br>| 3 |
| [Schedule of Investments](#xx_e976d931-7840-4593-8d45-dd523e3b486e_SOI-Commoncontent-4782_1) | 3 |
| [Statement of Assets and Liabilities](#xx_e976d931-7840-4593-8d45-dd523e3b486e_FS-Commoncontent-4782_1) | 17 |
| [Statement of Operations](#xx_e976d931-7840-4593-8d45-dd523e3b486e_FS-Commoncontent-4782_2) | 18 |
| [Statement of Changes in Net Assets](#xx_e976d931-7840-4593-8d45-dd523e3b486e_FS-Commoncontent-4782_3) | 19 |
| [Financial Highlights](#xx_e976d931-7840-4593-8d45-dd523e3b486e_FIHI-Commoncontent-4782_1) | 20 |
| [Notes to Financial Statements](#xx_e976d931-7840-4593-8d45-dd523e3b486e_NTF-Commoncontent-4782_1) | 22 |
| **[Item 8. Changes in and Disagreements with Accountants for Open-End Management](#xx_e976d931-7840-4593-8d45-dd523e3b486e_CDA-Commoncontent-4782_1)**<br> **[Investment Companies](#xx_e976d931-7840-4593-8d45-dd523e3b486e_CDA-Commoncontent-4782_1)**<br>| 28 |
| **[Item 9. Proxy Disclosures for Open-End Management Investment Companies](#xx_e976d931-7840-4593-8d45-dd523e3b486e_PRXD-Commoncontent-4782_1)** | 29 |
| **[Item 10. Remuneration Paid to Directors, Officers, and Other of Open-End](#xx_e976d931-7840-4593-8d45-dd523e3b486e_RMNP-Commoncontent-4782_1)**<br> **[Management Investment Companies](#xx_e976d931-7840-4593-8d45-dd523e3b486e_RMNP-Commoncontent-4782_1)**<br>| 30 |
| **[Item 11. Statement Regarding Basis for Approval of Investment Advisory Contracts](#xx_e976d931-7840-4593-8d45-dd523e3b486e_AAA-Commoncontent-4782_1)** | 31 |

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Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.

BNY Mellon Smallcap Stock Index Fund

SCHEDULE OF INVESTMENTS

April 30, 2026 (Unaudited)

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| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 99.1%** | **Equity Securities - Common Stocks — 99.1%** | **Equity Securities - Common Stocks — 99.1%** |
| **Automobiles & Components — 1.5%** | **Automobiles & Components — 1.5%** | **Automobiles & Components — 1.5%** |
| Adient PLC<sup>(a)</sup>  | 39183 | 824802 |
| Dana, Inc. | 55963 | 2039851 |
| Dauch Corp.<sup>(a)</sup>  | 117431 | 670531 |
| Dorman Products, Inc.<sup>(a)</sup>  | 13816 | 1554438 |
| Fox Factory Holding Corp.<sup>(a)</sup>  | 20421 | 362473 |
| Gentherm, Inc.<sup>(a)</sup>  | 15038 | 452644 |
| LCI Industries | 12022 | 1433263 |
| Patrick Industries, Inc. | 16539 | 1538127 |
| Phinia, Inc. | 18835 | 1358945 |
| Standard Motor Products, Inc. | 10380 | 387901 |
| Versigent PLC<sup>(a)</sup>  | 35210 | 1231294 |
| Winnebago Industries, Inc. | 14174 | 462214 |
| XPEL, Inc.<sup>(a)</sup>  | 12468 | 593726 |
|  |  | **12910209** |
| **Banks — 8.3%** | **Banks — 8.3%** | **Banks — 8.3%** |
| Ameris Bancorp | 32001 | 2728085 |
| Atlantic Union Bankshares Corp. | 70653 | 2660085 |
| Axos Financial, Inc.<sup>(a)</sup>  | 28245 | 2723948 |
| Banc of California, Inc. | 67236 | 1259330 |
| BancFirst Corp. | 10363 | 1156614 |
| Bank of Hawaii Corp. | 19755 | 1570720 |
| BankUnited, Inc. | 36946 | 1717250 |
| Banner Corp. | 17101 | 1144228 |
| Beacon Financial Corp. | 41583 | 1186363 |
| Capitol Federal Financial, Inc. | 58796 | 451553 |
| Cathay General Bancorp | 33488 | 1876333 |
| Central Pacific Financial Corp. | 13136 | 437166 |
| City Holding Co. | 7181 | 882976 |
| Community Financial System, Inc. | 26253 | 1663390 |
| Customers Bancorp, Inc.<sup>(a)</sup>  | 15846 | 1208574 |
| CVB Financial Corp. | 83118 | 1693114 |
| Dime Community Bancshares, Inc. | 20328 | 729572 |
| Eagle Bancorp, Inc. | 13609 | 351793 |
| FB Financial Corp. | 20266 | 1095783 |
| First BanCorp. | 77533 | 1882501 |
| First Bancorp/Southern Pines NC | 20759 | 1198625 |
| First Commonwealth Financial Corp. | 51536 | 948778 |
| First Financial Bancorp | 51830 | 1569412 |
| First Hawaiian, Inc. | 61095 | 1666672 |
| First Interstate BancSystem, Inc., Cl. A | 43766 | 1553255 |
| Fulton Financial Corp. | 95410 | 2059902 |
| Hanmi Financial Corp. | 14614 | 437105 |
| Heritage Financial Corp. | 20683 | 569196 |
| Hilltop Holdings, Inc. | 20961 | 789601 |
| Hope Bancorp, Inc. | 63265 | 787649 |
| Independent Bank Corp. | 24706 | 1926821 |
| Lakeland Financial Corp. | 12647 | 765396 |
| National Bank Holdings Corp., Cl. A | 22270 | 950929 |

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**3**

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SCHEDULE OF INVESTMENTS (Unaudited) (continued)

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| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 99.1% (continued)** | **Equity Securities - Common Stocks — 99.1% (continued)** | **Equity Securities - Common Stocks — 99.1% (continued)** |
| **Banks — 8.3% (continued)** | **Banks — 8.3% (continued)** | **Banks — 8.3% (continued)** |
| NBT Bancorp, Inc. | 26071 | 1139042 |
| Northwest Bancshares, Inc. | 73161 | 1011817 |
| OFG Bancorp | 21756 | 999906 |
| Park National Corp. | 7993 | 1376315 |
| Pathward Financial, Inc. | 10778 | 935962 |
| Preferred Bank | 5720 | 541856 |
| Provident Financial Services, Inc. | 64971 | 1473542 |
| Renasant Corp. | 47161 | 1881252 |
| S&T Bancorp, Inc. | 18811 | 830129 |
| Seacoast Banking Corp. of Florida | 48212 | 1517232 |
| ServisFirst Bancshares, Inc. | 24989 | 1989624 |
| Simmons First National Corp., Cl. A | 72141 | 1533718 |
| Southside Bancshares, Inc. | 13778 | 455087 |
| Stellar Bancorp, Inc. | 22802 | 856443 |
| The Bancorp, Inc.<sup>(a)</sup>  | 21032 | 1258345 |
| Tompkins Financial Corp. | 6338 | 534103 |
| Triumph Financial, Inc.<sup>(a)</sup>  | 11231 | 760114 |
| TrustCo Bank Corp. NY | 9067 | 431589 |
| Trustmark Corp. | 29314 | 1300662 |
| United Community Banks, Inc. | 60099 | 2003100 |
| WaFd, Inc. | 37657 | 1333058 |
| Westamerica BanCorp | 12384 | 678891 |
| WSFS Financial Corp. | 26616 | 1915553 |
|  |  | **70400059** |
| **Capital Goods — 11.9%** | **Capital Goods — 11.9%** | **Capital Goods — 11.9%** |
| AAR Corp.<sup>(a)</sup>  | 19454 | 2147138 |
| Alamo Group, Inc. | 5355 | 928771 |
| Albany International Corp., Cl. A | 14458 | 839142 |
| American Woodmark Corp.<sup>(a)</sup>  | 7417 | 323975 |
| Apogee Enterprises, Inc. | 10506 | 382418 |
| Arcosa, Inc. | 24441 | 3091053 |
| Argan, Inc. | 6913 | 4631572 |
| Armstrong World Industries, Inc. | 21492 | 3662022 |
| Astec Industries, Inc. | 11391 | 740643 |
| Atmus Filtration Technologies, Inc. | 40619 | 2575245 |
| AZZ, Inc. | 14878 | 2128149 |
| Boise Cascade Co. | 18460 | 1463324 |
| CSW Industrials, Inc. | 8208 | 2390170 |
| DNOW, Inc.<sup>(a)</sup>  | 92522 | 1248122 |
| DXP Enterprises, Inc.<sup>(a)</sup>  | 6295 | 1074871 |
| Enerpac Tool Group Corp. | 26359 | 925201 |
| Enpro, Inc. | 10498 | 3060692 |
| ESCO Technologies, Inc. | 12905 | 4180575 |
| Everus Construction Group, Inc.<sup>(a)</sup>  | 25419 | 3747523 |
| Federal Signal Corp. | 30303 | 3731208 |
| Franklin Electric Co., Inc. | 19076 | 1911224 |
| Gates Industrial Corp. PLC<sup>(a)</sup>  | 126506 | 3239819 |
| Gibraltar Industries, Inc.<sup>(a)</sup>  | 14875 | 580571 |
| Granite Construction, Inc. | 21676 | 2971129 |
| Griffon Corp. | 19445 | 1772801 |
| Hayward Holdings, Inc.<sup>(a)</sup>  | 100068 | 1502021 |

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**4**

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| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 99.1% (continued)** | **Equity Securities - Common Stocks — 99.1% (continued)** | **Equity Securities - Common Stocks — 99.1% (continued)** |
| **Capital Goods — 11.9% (continued)** | **Capital Goods — 11.9% (continued)** | **Capital Goods — 11.9% (continued)** |
| Insteel Industries, Inc. | 9667 | 253082 |
| JBT Marel Corp. | 25899 | 3058672 |
| Kadant, Inc. | 5869 | 1720380 |
| Kennametal, Inc. | 37899 | 1467070 |
| Lindsay Corp. | 5258 | 588738 |
| Masterbrand, Inc.<sup>(a)</sup>  | 63950 | 574271 |
| Mercury Systems, Inc.<sup>(a)</sup>  | 26319 | 2076832 |
| Mueller Water Products, Inc., Cl. A | 77933 | 2173551 |
| MYR Group, Inc.<sup>(a)</sup>  | 7736 | 3131610 |
| National Presto Industries, Inc. | 2600 | 363584 |
| Powell Industries, Inc. | 14159 | 3925866 |
| Primoris Services Corp. | 26926 | 4877645 |
| Proto Labs, Inc.<sup>(a)</sup>  | 11783 | 763656 |
| Quanex Building Products Corp. | 23143 | 461471 |
| Resideo Technologies, Inc.<sup>(a)</sup>  | 68640 | 2839637 |
| Rush Enterprises, Inc., Cl. A | 30206 | 2236150 |
| Standex International Corp. | 6022 | 1644006 |
| Sunrun, Inc.<sup>(a)</sup>  | 115370 | 1468660 |
| Tennant Co. | 8942 | 742544 |
| The Greenbrier Companies, Inc. | 15320 | 752518 |
| Trinity Industries, Inc. | 40252 | 1312618 |
| VSE Corp. | 14351 | 2463780 |
| WillScot Holdings Corp. | 90662 | 2052588 |
| Worthington Enterprises, Inc. | 15524 | 842488 |
| Zurn Elkay Water Solutions Corp. | 73978 | 3843897 |
|  |  | **100884693** |
| **Commercial & Professional Services — 3.7%** | **Commercial & Professional Services — 3.7%** | **Commercial & Professional Services — 3.7%** |
| ABM Industries, Inc. | 29065 | 1185852 |
| Amentum Holdings, Inc.<sup>(a)</sup>  | 76584 | 2008798 |
| Brady Corp., Cl. A | 21746 | 1779258 |
| Casella Waste Systems, Inc., Cl. A<sup>(a)</sup>  | 31149 | 2468558 |
| CoreCivic, Inc.<sup>(a)</sup>  | 49516 | 1013097 |
| CSG Systems International, Inc. | 13559 | 1090279 |
| Deluxe Corp. | 22302 | 694707 |
| Enviri Corp.<sup>(a)</sup>  | 40394 | 795358 |
| Healthcare Services Group, Inc.<sup>(a)</sup>  | 34911 | 747444 |
| HNI Corp. | 34629 | 1265344 |
| Insperity, Inc. | 17752 | 631439 |
| Interface, Inc. | 28995 | 808381 |
| Korn Ferry | 26000 | 1727440 |
| Legalzoom.com, Inc.<sup>(a)</sup>  | 57641 | 371784 |
| Liquidity Services, Inc.<sup>(a)</sup>  | 11874 | 423308 |
| ManpowerGroup, Inc. | 22913 | 693577 |
| MillerKnoll, Inc. | 34375 | 552750 |
| OPENLANE, Inc.<sup>(a)</sup>  | 52786 | 1659592 |
| Paycom Software, Inc. | 24352 | 3086860 |
| Pitney Bowes, Inc. | 73384 | 1134517 |
| Robert Half, Inc. | 49528 | 1317940 |
| The GEO Group, Inc.<sup>(a)</sup>  | 68686 | 1271378 |
| UniFirst Corp. | 7236 | 1848870 |
| Upwork, Inc.<sup>(a)</sup>  | 64923 | 671953 |

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**5**

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SCHEDULE OF INVESTMENTS (Unaudited) (continued)

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| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 99.1% (continued)** | **Equity Securities - Common Stocks — 99.1% (continued)** | **Equity Securities - Common Stocks — 99.1% (continued)** |
| **Commercial & Professional Services — 3.7% (continued)** | **Commercial & Professional Services — 3.7% (continued)** | **Commercial & Professional Services — 3.7% (continued)** |
| Verra Mobility Corp.<sup>(a)</sup>  | 79517 | 1179237 |
| Vestis Corp.<sup>(a)</sup>  | 55312 | 537633 |
|  |  | **30965354** |
| **Consumer Discretionary Distribution & Retail — 3.9%** | **Consumer Discretionary Distribution & Retail — 3.9%** | **Consumer Discretionary Distribution & Retail — 3.9%** |
| Academy Sports & Outdoors, Inc. | 33230 | 1822333 |
| Advance Auto Parts, Inc. | 29903 | 1779527 |
| American Eagle Outfitters, Inc. | 78455 | 1366686 |
| Asbury Automotive Group, Inc.<sup>(a)</sup>  | 9673 | 1970293 |
| Boot Barn Holdings, Inc.<sup>(a)</sup>  | 15159 | 2599011 |
| CarMax, Inc.<sup>(a)</sup>  | 70663 | 2777762 |
| Etsy, Inc.<sup>(a)</sup>  | 49189 | 3164820 |
| Group 1 Automotive, Inc. | 5879 | 2098039 |
| Kohl's Corp. | 55357 | 784409 |
| LKQ Corp. | 127558 | 4028282 |
| MarineMax, Inc.<sup>(a)</sup>  | 9315 | 267713 |
| Monro, Inc. | 14905 | 261732 |
| National Vision Holdings, Inc.<sup>(a)</sup>  | 39523 | 917724 |
| Sally Beauty Holdings, Inc.<sup>(a)</sup>  | 48051 | 681363 |
| Signet Jewelers Ltd. | 20274 | 1804994 |
| Sonic Automotive, Inc., Cl. A | 7409 | 583459 |
| The Buckle, Inc. | 14934 | 830480 |
| Upbound Group, Inc. | 25833 | 510460 |
| Urban Outfitters, Inc.<sup>(a)</sup>  | 26974 | 1897351 |
| Victoria's Secret & Co.<sup>(a)</sup>  | 40001 | 2073252 |
| Winmark Corp. | 1465 | 557418 |
|  |  | **32777108** |
| **Consumer Durables & Apparel — 3.6%** | **Consumer Durables & Apparel — 3.6%** | **Consumer Durables & Apparel — 3.6%** |
| Acushnet Holdings Corp. | 13740 | 1330307 |
| Callaway Golf Co.<sup>(a)</sup>  | 69644 | 1065553 |
| Carter's, Inc. | 18146 | 655433 |
| Cavco Industries, Inc.<sup>(a)</sup>  | 3868 | 1961076 |
| Century Communities, Inc. | 12687 | 710726 |
| Champion Homes, Inc.<sup>(a)</sup>  | 27559 | 2100822 |
| Dream Finders Homes, Inc., Cl. A<sup>(a)</sup>  | 14821 | 216387 |
| Ethan Allen Interiors, Inc. | 11842 | 252708 |
| G-III Apparel Group Ltd. | 18757 | 585031 |
| Green Brick Partners, Inc.<sup>(a)</sup>  | 15197 | 1024886 |
| Installed Building Products, Inc. | 11286 | 3256575 |
| Kontoor Brands, Inc. | 25488 | 1869800 |
| La-Z-Boy, Inc. | 20542 | 713629 |
| Leggett & Platt, Inc. | 67492 | 733638 |
| LGI Homes, Inc.<sup>(a)</sup>  | 10179 | 498466 |
| M/I Homes, Inc.<sup>(a)</sup>  | 13096 | 1721993 |
| Meritage Homes Corp. | 33289 | 2241681 |
| Mohawk Industries, Inc.<sup>(a)</sup>  | 25879 | 2731787 |
| Newell Brands, Inc. | 208903 | 852324 |
| Oxford Industries, Inc. | 7127 | 305321 |
| Sonos, Inc.<sup>(a)</sup>  | 60229 | 893196 |
| Steven Madden Ltd. | 36121 | 1356705 |
| Tri Pointe Homes, Inc.<sup>(a)</sup>  | 42100 | 1974069 |
| Under Armour, Inc., Cl. A<sup>(a)</sup>  | 94752 | 595990 |

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**6**

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| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 99.1% (continued)** | **Equity Securities - Common Stocks — 99.1% (continued)** | **Equity Securities - Common Stocks — 99.1% (continued)** |
| **Consumer Durables & Apparel — 3.6% (continued)** | **Consumer Durables & Apparel — 3.6% (continued)** | **Consumer Durables & Apparel — 3.6% (continued)** |
| Under Armour, Inc., Cl. C<sup>(a)</sup>  | 60370 | 366446 |
| Wolverine World Wide, Inc. | 40808 | 694552 |
|  |  | **30709101** |
| **Consumer Services — 4.1%** | **Consumer Services — 4.1%** | **Consumer Services — 4.1%** |
| ADT, Inc. | 253197 | 1906573 |
| BJ's Restaurants, Inc.<sup>(a)</sup>  | 10574 | 406042 |
| Brinker International, Inc.<sup>(a)</sup>  | 21703 | 3304065 |
| Caesars Entertainment, Inc.<sup>(a)</sup>  | 101715 | 2827677 |
| Covista, Inc.<sup>(a)</sup>  | 17197 | 1981438 |
| Cracker Barrel Old Country Store, Inc. | 11034 | 345585 |
| Frontdoor, Inc.<sup>(a)</sup>  | 35937 | 2466356 |
| Golden Entertainment, Inc. | 10035 | 291918 |
| Laureate Education, Inc.<sup>(a)</sup>  | 66830 | 2011249 |
| Life Time Group Holdings, Inc.<sup>(a)</sup>  | 75824 | 2032841 |
| Marriott Vacations Worldwide Corp. | 13800 | 993738 |
| Matthews International Corp., Cl. A | 15700 | 448078 |
| Mister Car Wash, Inc.<sup>(a)</sup>  | 49168 | 348109 |
| Monarch Casino & Resort, Inc. | 6094 | 723297 |
| OneSpaWorld Holdings Ltd. | 50807 | 1252901 |
| Papa John's International, Inc. | 16300 | 589897 |
| Penn Entertainment, Inc.<sup>(a)</sup>  | 63001 | 1099997 |
| Perdoceo Education Corp. | 30336 | 1029604 |
| Pursuit Attractions and Hospitality, Inc.<sup>(a)</sup>  | 10871 | 457452 |
| Red Rock Resorts, Inc., Cl. A | 24190 | 1305292 |
| Sabre Corp.<sup>(a)</sup>  | 195356 | 357501 |
| Shake Shack, Inc., Cl. A<sup>(a)</sup>  | 20060 | 2055348 |
| Six Flags Entertainment Corp.<sup>(a)</sup>  | 50568 | 949667 |
| Strategic Education, Inc. | 11504 | 901914 |
| Stride, Inc.<sup>(a)</sup>  | 20942 | 2034725 |
| The Cheesecake Factory, Inc. | 22799 | 1433373 |
| The Wendy's Company | 78570 | 546847 |
| United Parks & Resorts, Inc.<sup>(a)</sup>  | 13806 | 486662 |
|  |  | **34588146** |
| **Consumer Staples Distribution & Retail — .8%** | **Consumer Staples Distribution & Retail — .8%** | **Consumer Staples Distribution & Retail — .8%** |
| Grocery Outlet Holding Corp.<sup>(a)</sup>  | 48151 | 380874 |
| PriceSmart, Inc. | 12581 | 1974211 |
| The Andersons, Inc. | 16882 | 1325912 |
| The Chefs' Warehouse, Inc.<sup>(a)</sup>  | 18043 | 1400137 |
| United Natural Foods, Inc.<sup>(a)</sup>  | 30365 | 1518857 |
|  |  | **6599991** |
| **Energy — 5.9%** | **Energy — 5.9%** | **Energy — 5.9%** |
| Archrock, Inc. | 87394 | 3386518 |
| Atlas Energy Solutions, Inc. | 37678 | 654844 |
| Bristow Group, Inc. | 12690 | 623460 |
| Cactus, Inc., Cl. A | 34306 | 1911530 |
| California Resources Corp. | 39154 | 2672652 |
| Comstock Resources, Inc.<sup>(a)</sup>  | 39499 | 688073 |
| Core Laboratories, Inc. | 22958 | 336335 |
| Core Natural Resources, Inc. | 25534 | 2291421 |
| Crescent Energy Co., Cl. A | 121097 | 1628755 |
| CVR Energy, Inc.<sup>(a)</sup>  | 15266 | 505915 |

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**7**

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SCHEDULE OF INVESTMENTS (Unaudited) (continued)

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| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 99.1% (continued)** | **Equity Securities - Common Stocks — 99.1% (continued)** | **Equity Securities - Common Stocks — 99.1% (continued)** |
| **Energy — 5.9% (continued)** | **Energy — 5.9% (continued)** | **Energy — 5.9% (continued)** |
| Dorian LPG Ltd. | 18348 | 707315 |
| Helix Energy Solutions Group, Inc.<sup>(a)</sup>  | 67603 | 699691 |
| Helmerich & Payne, Inc. | 49759 | 2009268 |
| Innovex International, Inc.<sup>(a)</sup>  | 19125 | 531101 |
| International Seaways, Inc. | 20154 | 1671774 |
| Kinetik Holdings, Inc. | 22779 | 1151251 |
| Kodiak Gas Services, Inc. | 41419 | 2808208 |
| Liberty Energy, Inc. | 80757 | 2728779 |
| Magnolia Oil & Gas Corp., Cl. A | 90140 | 2725834 |
| Noble Corp. PLC | 62674 | 3198254 |
| Northern Oil & Gas, Inc. | 51851 | 1408273 |
| Oceaneering International, Inc.<sup>(a)</sup>  | 49531 | 1859394 |
| Par Pacific Holdings, Inc.<sup>(a)</sup>  | 25062 | 1645822 |
| Patterson-UTI Energy, Inc. | 172133 | 2103465 |
| Peabody Energy Corp. | 60581 | 1615089 |
| REX American Resources Corp.<sup>(a)</sup>  | 14243 | 690786 |
| RPC, Inc. | 43408 | 342055 |
| SM Energy Co. | 112800 | 3500184 |
| Talos Energy, Inc.<sup>(a)</sup>  | 63126 | 1004966 |
| Tidewater, Inc.<sup>(a)</sup>  | 22970 | 2051910 |
| World Kinect Corp. | 27896 | 752355 |
|  |  | **49905277** |
| **Equity Real Estate Investment Trusts — 5.8%** | **Equity Real Estate Investment Trusts — 5.8%** | **Equity Real Estate Investment Trusts — 5.8%** |
| Acadia Realty Trust<sup>(b)</sup>  | 65139 | 1408305 |
| American Assets Trust, Inc.<sup>(b)</sup>  | 23646 | 490418 |
| Apple Hospitality REIT, Inc.<sup>(b)</sup>  | 109321 | 1472554 |
| Broadstone Net Lease, Inc.<sup>(b)</sup>  | 94294 | 1867021 |
| Centerspace<sup>(b)</sup>  | 8194 | 559404 |
| Curbline Properties Corp.<sup>(b)</sup>  | 48308 | 1333301 |
| DiamondRock Hospitality Co.<sup>(b)</sup>  | 102044 | 1040849 |
| Douglas Emmett, Inc.<sup>(b)</sup>  | 83807 | 905954 |
| Easterly Government Properties, Inc.<sup>(b)</sup>  | 22023 | 515558 |
| Essential Properties Realty Trust, Inc.<sup>(b)</sup>  | 104591 | 3287295 |
| Four Corners Property Trust, Inc.<sup>(b)</sup>  | 54551 | 1394869 |
| Getty Realty Corp.<sup>(b)</sup>  | 27203 | 900963 |
| Global Net Lease, Inc.<sup>(b)</sup>  | 97627 | 933314 |
| Highwoods Properties, Inc.<sup>(b)</sup>  | 54783 | 1331775 |
| Innovative Industrial Properties, Inc.<sup>(b)</sup>  | 13878 | 752881 |
| JBG SMITH Properties<sup>(b)</sup>  | 29317 | 439755 |
| LTC Properties, Inc.<sup>(b)</sup>  | 23881 | 912732 |
| LXP Industrial Trust<sup>(b)</sup>  | 29440 | 1499085 |
| Medical Properties Trust, Inc.<sup>(b)</sup>  | 244839 | 1209505 |
| Millrose Properties, Inc.<sup>(b)</sup>  | 76836 | 2356560 |
| NexPoint Residential Trust, Inc.<sup>(b)</sup>  | 10637 | 307303 |
| Outfront Media, Inc.<sup>(b)</sup>  | 72505 | 2236779 |
| Pebblebrook Hotel Trust<sup>(b)</sup>  | 57022 | 801159 |
| Phillips Edison & Co., Inc.<sup>(b)</sup>  | 62691 | 2517984 |
| Ryman Hospitality Properties, Inc.<sup>(b)</sup>  | 31397 | 3299511 |
| Safehold, Inc.<sup>(b)</sup>  | 23143 | 370751 |
| Saul Centers, Inc.<sup>(b)</sup>  | 6233 | 214602 |
| SL Green Realty Corp.<sup>(b)</sup>  | 35351 | 1499236 |

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**8**

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| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 99.1% (continued)** | **Equity Securities - Common Stocks — 99.1% (continued)** | **Equity Securities - Common Stocks — 99.1% (continued)** |
| **Equity Real Estate Investment Trusts — 5.8% (continued)** | **Equity Real Estate Investment Trusts — 5.8% (continued)** | **Equity Real Estate Investment Trusts — 5.8% (continued)** |
| Sunstone Hotel Investors, Inc.<sup>(b)</sup>  | 94697 | 929925 |
| Tanger, Inc.<sup>(b)</sup>  | 57364 | 2127057 |
| Terreno Realty Corp.<sup>(b)</sup>  | 51916 | 3384923 |
| The Macerich Company<sup>(b)</sup>  | 127633 | 2773465 |
| Universal Health Realty Income Trust<sup>(b)</sup>  | 6508 | 264876 |
| Urban Edge Properties<sup>(b)</sup>  | 62505 | 1370110 |
| Veris Residential, Inc.<sup>(b)</sup>  | 40647 | 771074 |
| Whitestone REIT<sup>(b)</sup>  | 22527 | 426661 |
| Xenia Hotels & Resorts, Inc.<sup>(b)</sup>  | 47651 | 775282 |
|  |  | **48682796** |
| **Financial Services — 7.4%** | **Financial Services — 7.4%** | **Financial Services — 7.4%** |
| Acadian Asset Management, Inc. | 13168 | 886865 |
| Adamas Trust, Inc.<sup>(b)</sup>  | 41676 | 374250 |
| Apollo Commercial Real Estate Finance, Inc.<sup>(b)</sup>  | 65270 | 714054 |
| Arbor Realty Trust, Inc.<sup>(b)</sup>  | 97530 | 770487 |
| ARMOUR Residential REIT, Inc.<sup>(b)</sup>  | 56015 | 982503 |
| Artisan Partners Asset Management, Inc., Cl. A | 35220 | 1318637 |
| BGC Group, Inc., Cl. A | 180984 | 2032450 |
| Blackstone Mortgage Trust, Inc., Cl. A<sup>(b)</sup>  | 79044 | 1501046 |
| Bread Financial Holdings, Inc. | 21977 | 1863210 |
| Cohen & Steers, Inc. | 13757 | 966979 |
| Donnelley Financial Solutions, Inc.<sup>(a)</sup>  | 13224 | 665167 |
| Ellington Financial, Inc.<sup>(b)</sup>  | 62691 | 830656 |
| Enact Holdings, Inc. | 14257 | 609202 |
| Encore Capital Group, Inc.<sup>(a)</sup>  | 11130 | 921230 |
| Enova International, Inc.<sup>(a)</sup>  | 12316 | 2086454 |
| EVERTEC, Inc. | 31687 | 935717 |
| EZCORP, Inc., Cl. A<sup>(a)</sup>  | 29184 | 956651 |
| Franklin BSP Realty Trust, Inc.<sup>(b)</sup>  | 40964 | 372772 |
| HA Sustainable Infrastructure Capital, Inc. | 63610 | 2668439 |
| Jackson Financial, Inc., Cl. A | 35291 | 4085639 |
| MarketAxess Holdings, Inc. | 18524 | 2911788 |
| Merchants Bancorp | 14551 | 677204 |
| Moelis & Co., Cl. A | 36875 | 2401300 |
| Navient Corp. | 32572 | 300965 |
| NCR Atleos Corp.<sup>(a)</sup>  | 36829 | 1634471 |
| NMI Holdings, Inc.<sup>(a)</sup>  | 37823 | 1464128 |
| Payoneer Global, Inc.<sup>(a)</sup>  | 143187 | 713071 |
| PennyMac Mortgage Investment Trust<sup>(b)</sup>  | 42981 | 523509 |
| Piper Sandler Companies | 33688 | 2937594 |
| PJT Partners, Inc., Cl. A | 12113 | 1850140 |
| PRA Group, Inc.<sup>(a)</sup>  | 19442 | 423641 |
| PROG Holdings, Inc. | 19648 | 703988 |
| Radian Group, Inc. | 67519 | 2419206 |
| Redwood Trust, Inc.<sup>(b)</sup>  | 62321 | 346505 |
| Rithm Capital Corp.<sup>(b)</sup>  | 277017 | 2709226 |
| Sezzle, Inc.<sup>(a)</sup>  | 8480 | 675008 |
| StepStone Group, Inc., Cl. A | 36744 | 1943758 |
| StoneX Group, Inc.<sup>(a)</sup>  | 34903 | 3700765 |
| The Western Union Company | 159479 | 1449664 |
| Two Harbors Investment Corp.<sup>(b)</sup>  | 51952 | 601085 |

---

**9**

------

SCHEDULE OF INVESTMENTS (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 99.1% (continued)** | **Equity Securities - Common Stocks — 99.1% (continued)** | **Equity Securities - Common Stocks — 99.1% (continued)** |
| **Financial Services — 7.4% (continued)** | **Financial Services — 7.4% (continued)** | **Financial Services — 7.4% (continued)** |
| Victory Capital Holdings, Inc., Cl. A | 23654 | 1857075 |
| Virtu Financial, Inc., Cl. A | 39774 | 1975177 |
| Virtus Investment Partners, Inc. | 3190 | 464304 |
| Walker & Dunlop, Inc. | 16963 | 854087 |
| WisdomTree, Inc. | 57086 | 970462 |
| World Acceptance Corp.<sup>(a)</sup>  | 1479 | 217650 |
|  |  | **62268179** |
| **Food, Beverage & Tobacco — 1.4%** | **Food, Beverage & Tobacco — 1.4%** | **Food, Beverage & Tobacco — 1.4%** |
| Cal-Maine Foods, Inc. | 22314 | 1723980 |
| Fresh Del Monte Produce, Inc. | 16320 | 683645 |
| Freshpet, Inc.<sup>(a)</sup>  | 24456 | 1647845 |
| J & J Snack Foods Corp. | 7589 | 669805 |
| John B. Sanfilippo & Son, Inc. | 4461 | 364865 |
| Lamb Weston Holdings, Inc. | 69209 | 3014052 |
| National Beverage Corp.<sup>(a)</sup>  | 11471 | 392538 |
| The Simply Good Foods Company<sup>(a)</sup>  | 42835 | 572704 |
| The Vita Coco Company, Inc.<sup>(a)</sup>  | 21730 | 1433963 |
| Tootsie Roll Industries, Inc. | 10058 | 424649 |
| Universal Corp. | 12366 | 662570 |
| Vital Farms, Inc.<sup>(a)</sup>  | 19088 | 260551 |
|  |  | **11851167** |
| **Health Care Equipment & Services — 5.7%** | **Health Care Equipment & Services — 5.7%** | **Health Care Equipment & Services — 5.7%** |
| Acadia Healthcare Co., Inc.<sup>(a)</sup>  | 45890 | 1188321 |
| AdaptHealth Corp.<sup>(a)</sup>  | 53480 | 701123 |
| Addus HomeCare Corp.<sup>(a)</sup>  | 9044 | 876273 |
| AMN Healthcare Services, Inc.<sup>(a)</sup>  | 19205 | 393126 |
| Artivion, Inc.<sup>(a)</sup>  | 20760 | 743831 |
| Astrana Health, Inc.<sup>(a)</sup>  | 21768 | 743159 |
| Avanos Medical, Inc.<sup>(a)</sup>  | 23085 | 568353 |
| BrightSpring Health Services, Inc.<sup>(a)</sup>  | 65968 | 3164485 |
| Certara, Inc.<sup>(a)</sup>  | 59651 | 365661 |
| Concentra Group Holdings Parent, Inc. | 59230 | 1330898 |
| CONMED Corp. | 15318 | 561558 |
| CorVel Corp.<sup>(a)</sup>  | 15565 | 894365 |
| Embecta Corp. | 29303 | 268122 |
| Enovis Corp.<sup>(a)</sup>  | 28496 | 667946 |
| Glaukos Corp.<sup>(a)</sup>  | 28622 | 4112123 |
| HealthStream, Inc. | 12206 | 253396 |
| ICU Medical, Inc.<sup>(a)</sup>  | 12288 | 1464730 |
| Inspire Medical Systems, Inc.<sup>(a)</sup>  | 13014 | 730606 |
| Integer Holdings Corp.<sup>(a)</sup>  | 17582 | 1556183 |
| Integra LifeSciences Holdings Corp.<sup>(a)</sup>  | 33079 | 348653 |
| LeMaitre Vascular, Inc. | 10475 | 1149631 |
| LifeStance Health Group, Inc.<sup>(a)</sup>  | 97126 | 735244 |
| Merit Medical Systems, Inc.<sup>(a)</sup>  | 29546 | 2014446 |
| Molina Healthcare, Inc.<sup>(a)</sup>  | 25664 | 4994728 |
| National HealthCare Corp. | 6209 | 1075958 |
| Neogen Corp.<sup>(a)</sup>  | 109049 | 1025061 |
| NeoGenomics, Inc.<sup>(a)</sup>  | 64887 | 600854 |
| Omnicell, Inc.<sup>(a)</sup>  | 22362 | 926234 |
| Pediatrix Medical Group, Inc.<sup>(a)</sup>  | 41951 | 944317 |

---

**10**

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 99.1% (continued)** | **Equity Securities - Common Stocks — 99.1% (continued)** | **Equity Securities - Common Stocks — 99.1% (continued)** |
| **Health Care Equipment & Services — 5.7% (continued)** | **Health Care Equipment & Services — 5.7% (continued)** | **Health Care Equipment & Services — 5.7% (continued)** |
| Privia Health Group, Inc.<sup>(a)</sup>  | 57463 | 1427955 |
| Progyny, Inc.<sup>(a)</sup>  | 40119 | 745411 |
| QuidelOrtho Corp.<sup>(a)</sup>  | 33885 | 416785 |
| RadNet, Inc.<sup>(a)</sup>  | 34712 | 1962963 |
| Schrodinger, Inc.<sup>(a)</sup>  | 28235 | 337691 |
| Select Medical Holdings Corp. | 54964 | 901959 |
| STAAR Surgical Co.<sup>(a)</sup>  | 24774 | 653043 |
| Tandem Diabetes Care, Inc.<sup>(a)</sup>  | 33617 | 656372 |
| Teleflex, Inc. | 22024 | 2728994 |
| TransMedics Group, Inc.<sup>(a)</sup>  | 17030 | 1716454 |
| U.S. Physical Therapy, Inc. | 7546 | 537426 |
| UFP Technologies, Inc.<sup>(a)</sup>  | 3841 | 736051 |
| Waystar Holding Corp.<sup>(a)</sup>  | 57523 | 1229554 |
|  |  | **48450043** |
| **Household & Personal Products — .6%** | **Household & Personal Products — .6%** | **Household & Personal Products — .6%** |
| Central Garden & Pet Co.<sup>(a)</sup>  | 4039 | 149524 |
| Central Garden & Pet Co., Cl. A<sup>(a)</sup>  | 25563 | 857894 |
| Edgewell Personal Care Co. | 23697 | 534367 |
| Energizer Holdings, Inc. | 30233 | 591962 |
| Interparfums, Inc. | 9059 | 826362 |
| Reynolds Consumer Products, Inc. | 27077 | 567805 |
| WD-40 Co. | 6756 | 1418490 |
|  |  | **4946404** |
| **Insurance — 2.1%** | **Insurance — 2.1%** | **Insurance — 2.1%** |
| AMERISAFE, Inc. | 9262 | 280639 |
| Assured Guaranty Ltd. | 21589 | 1768139 |
| Employers Holdings, Inc. | 11369 | 478862 |
| Genworth Financial, Inc.<sup>(a)</sup>  | 199004 | 1749245 |
| Goosehead Insurance, Inc., Cl. A<sup>(a)</sup>  | 12226 | 547603 |
| HCI Group, Inc. | 5344 | 820678 |
| Horace Mann Educators Corp. | 20375 | 925840 |
| Kemper Corp. | 29033 | 978122 |
| Lincoln National Corp. | 84242 | 3185190 |
| Mercury General Corp. | 13292 | 1293444 |
| Palomar Holdings, Inc.<sup>(a)</sup>  | 13207 | 1589859 |
| ProAssurance Corp.<sup>(a)</sup>  | 25597 | 632246 |
| Safety Insurance Group, Inc. | 7340 | 551674 |
| SiriusPoint Ltd.<sup>(a)</sup>  | 52230 | 1222704 |
| Stewart Information Services Corp. | 14953 | 1046560 |
| Trupanion, Inc.<sup>(a)</sup>  | 16932 | 406199 |
| United Fire Group, Inc. | 10921 | 440335 |
|  |  | **17917339** |
| **Materials — 4.7%** | **Materials — 4.7%** | **Materials — 4.7%** |
| Alpha Metallurgical Resources, Inc.<sup>(a)</sup>  | 5414 | 1009440 |
| Balchem Corp. | 16139 | 2608385 |
| Celanese Corp. | 54570 | 3697663 |
| Century Aluminum Co.<sup>(a)</sup>  | 26507 | 1575576 |
| Eastman Chemical Co. | 56860 | 4155898 |
| Element Solutions, Inc. | 113362 | 4828088 |
| FMC Corp. | 62252 | 957436 |
| Hawkins, Inc. | 10416 | 1744159 |

---

**11**

------

SCHEDULE OF INVESTMENTS (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 99.1% (continued)** | **Equity Securities - Common Stocks — 99.1% (continued)** | **Equity Securities - Common Stocks — 99.1% (continued)** |
| **Materials — 4.7% (continued)** | **Materials — 4.7% (continued)** | **Materials — 4.7% (continued)** |
| HB Fuller Co. | 27066 | 1638034 |
| Ingevity Corp.<sup>(a)</sup>  | 18037 | 1374239 |
| Innospec, Inc. | 12347 | 941582 |
| Kaiser Aluminum Corp. | 8050 | 1371962 |
| Koppers Holdings, Inc. | 9583 | 391274 |
| Materion Corp. | 10319 | 1896735 |
| Metallus, Inc.<sup>(a)</sup>  | 17814 | 342741 |
| Minerals Technologies, Inc. | 15450 | 1111473 |
| O-I Glass, Inc.<sup>(a)</sup>  | 76629 | 698090 |
| Quaker Chemical Corp. | 6830 | 928129 |
| Sensient Technologies Corp. | 21144 | 2402804 |
| Stepan Co. | 10647 | 532670 |
| Sylvamo Corp. | 16347 | 698507 |
| The Chemours Company | 74426 | 2005781 |
| Warrior Met Coal, Inc. | 26198 | 2353890 |
| Worthington Steel, Inc. | 16140 | 620260 |
|  |  | **39884816** |
| **Media & Entertainment — 2.7%** | **Media & Entertainment — 2.7%** | **Media & Entertainment — 2.7%** |
| Cable One, Inc.<sup>(a)</sup>  | 2331 | 213263 |
| Cargurus, Inc.<sup>(a)</sup>  | 40483 | 1476010 |
| Cinemark Holdings, Inc. | 51359 | 1516118 |
| DoubleVerify Holdings, Inc.<sup>(a)</sup>  | 66496 | 732786 |
| IAC, Inc.<sup>(a)</sup>  | 32726 | 1458271 |
| John Wiley & Sons, Inc., Cl. A | 20263 | 829365 |
| Madison Square Garden Sports Corp.<sup>(a)</sup>  | 8959 | 3068099 |
| Match Group, Inc. | 117643 | 4402201 |
| QuinStreet, Inc.<sup>(a)</sup>  | 27998 | 357254 |
| Scholastic Corp. | 11608 | 468499 |
| Shutterstock, Inc. | 11856 | 191712 |
| Sphere Entertainment Co.<sup>(a)</sup>  | 13271 | 1890454 |
| TripAdvisor, Inc.<sup>(a)</sup>  | 56826 | 632473 |
| Versant Media Group, Inc. | 72447 | 2911645 |
| Yelp, Inc.<sup>(a)</sup>  | 29038 | 801449 |
| Ziff Davis, Inc.<sup>(a)</sup>  | 19638 | 898635 |
| ZoomInfo Technologies, Inc.<sup>(a)</sup>  | 132497 | 828106 |
|  |  | **22676340** |
| **Pharmaceuticals, Biotechnology & Life Sciences — 5.3%** | **Pharmaceuticals, Biotechnology & Life Sciences — 5.3%** | **Pharmaceuticals, Biotechnology & Life Sciences — 5.3%** |
| ACADIA Pharmaceuticals, Inc.<sup>(a)</sup>  | 62389 | 1400633 |
| ADMA Biologics, Inc.<sup>(a)</sup>  | 117953 | 1209018 |
| Alkermes PLC<sup>(a)</sup>  | 82285 | 2773827 |
| Amneal Pharmaceuticals, Inc.<sup>(a)</sup>  | 84373 | 1085880 |
| Amphastar Pharmaceuticals, Inc.<sup>(a)</sup>  | 17587 | 386211 |
| ANI Pharmaceuticals, Inc.<sup>(a)</sup>  | 8937 | 710045 |
| Apellis Pharmaceuticals, Inc.<sup>(a)</sup>  | 51072 | 2091398 |
| Arcus Biosciences, Inc.<sup>(a)</sup>  | 41953 | 1069801 |
| Azenta, Inc.<sup>(a)</sup>  | 20321 | 499287 |
| BioLife Solutions, Inc.<sup>(a)</sup>  | 19222 | 405200 |
| Catalyst Pharmaceuticals, Inc.<sup>(a)</sup>  | 57484 | 1617025 |
| Collegium Pharmaceutical, Inc.<sup>(a)</sup>  | 15687 | 529123 |
| Corcept Therapeutics, Inc.<sup>(a)</sup>  | 46653 | 2170298 |
| Cytek Biosciences, Inc.<sup>(a)</sup>  | 56304 | 256746 |

---

**12**

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 99.1% (continued)** | **Equity Securities - Common Stocks — 99.1% (continued)** | **Equity Securities - Common Stocks — 99.1% (continued)** |
| **Pharmaceuticals, Biotechnology & Life Sciences — 5.3% (continued)** | **Pharmaceuticals, Biotechnology & Life Sciences — 5.3% (continued)** | **Pharmaceuticals, Biotechnology & Life Sciences — 5.3% (continued)** |
| Fortrea Holdings, Inc.<sup>(a)</sup>  | 45782 | 526493 |
| Harmony Biosciences Holdings, Inc.<sup>(a)</sup>  | 20059 | 627044 |
| Indivior Pharmaceuticals, Inc.<sup>(a)</sup>  | 62199 | 2287679 |
| Innoviva, Inc.<sup>(a)</sup>  | 35196 | 809156 |
| Krystal Biotech, Inc.<sup>(a)</sup>  | 12861 | 3372926 |
| Ligand Pharmaceuticals, Inc.<sup>(a)</sup>  | 9808 | 2250446 |
| Organon & Co. | 129401 | 1714563 |
| Pacira BioSciences, Inc.<sup>(a)</sup>  | 20671 | 526904 |
| Perrigo Co. PLC | 68936 | 816202 |
| Phibro Animal Health Corp., Cl. A | 10175 | 541106 |
| Prestige Consumer Healthcare, Inc.<sup>(a)</sup>  | 23518 | 1324534 |
| Protagonist Therapeutics, Inc.<sup>(a)</sup>  | 29285 | 2898336 |
| PTC Therapeutics, Inc.<sup>(a)</sup>  | 40011 | 2603116 |
| Sarepta Therapeutics, Inc.<sup>(a)</sup>  | 52011 | 1085990 |
| Supernus Pharmaceuticals, Inc.<sup>(a)</sup>  | 28574 | 1371552 |
| TG Therapeutics, Inc.<sup>(a)</sup>  | 67756 | 2288798 |
| Veracyte, Inc.<sup>(a)</sup>  | 39393 | 1296818 |
| Vericel Corp.<sup>(a)</sup>  | 25208 | 875474 |
| Vir Biotechnology, Inc.<sup>(a)</sup>  | 56597 | 578138 |
| Xencor, Inc.<sup>(a)</sup>  | 35729 | 426247 |
|  |  | **44426014** |
| **Real Estate Management & Development — .5%** | **Real Estate Management & Development — .5%** | **Real Estate Management & Development — .5%** |
| Cushman & Wakefield Ltd.<sup>(a)</sup>  | 116167 | 1630985 |
| eXp World Holdings, Inc. | 44271 | 275365 |
| Kennedy-Wilson Holdings, Inc. | 59358 | 647002 |
| Marcus & Millichap, Inc. | 11991 | 333230 |
| The St. Joe Company | 19856 | 1282102 |
|  |  | **4168684** |
| **Semiconductors & Semiconductor Equipment — 4.9%** | **Semiconductors & Semiconductor Equipment — 4.9%** | **Semiconductors & Semiconductor Equipment — 4.9%** |
| ACM Research, Inc., Cl. A<sup>(a)</sup>  | 26662 | 1378159 |
| Alpha & Omega Semiconductor Ltd.<sup>(a)</sup>  | 12105 | 525720 |
| Axcelis Technologies, Inc.<sup>(a)</sup>  | 15298 | 2128105 |
| Cohu, Inc.<sup>(a)</sup>  | 23324 | 1104391 |
| Diodes, Inc.<sup>(a)</sup>  | 22862 | 2449663 |
| Enphase Energy, Inc.<sup>(a)</sup>  | 65213 | 2149420 |
| FormFactor, Inc.<sup>(a)</sup>  | 38630 | 5250976 |
| Ichor Holdings Ltd.<sup>(a)</sup>  | 17054 | 1125052 |
| Impinj, Inc.<sup>(a)</sup>  | 13465 | 1951348 |
| Kulicke & Soffa Industries, Inc. | 26077 | 2229583 |
| MaxLinear, Inc.<sup>(a)</sup>  | 40497 | 2865163 |
| PDF Solutions, Inc.<sup>(a)</sup>  | 15811 | 677501 |
| Penguin Solutions, Inc.<sup>(a)</sup>  | 23609 | 717950 |
| Photronics, Inc.<sup>(a)</sup>  | 29434 | 1456394 |
| Power Integrations, Inc. | 27803 | 2021556 |
| Qorvo, Inc.<sup>(a)</sup>  | 42041 | 3961103 |
| Semtech Corp.<sup>(a)</sup>  | 46116 | 4844486 |
| SolarEdge Technologies, Inc.<sup>(a)</sup>  | 29732 | 1274314 |
| Ultra Clean Holdings, Inc.<sup>(a)</sup>  | 22618 | 1767597 |
| Veeco Instruments, Inc.<sup>(a)</sup>  | 29943 | 1492659 |
|  |  | **41371140** |

---

**13**

------

SCHEDULE OF INVESTMENTS (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 99.1% (continued)** | **Equity Securities - Common Stocks — 99.1% (continued)** | **Equity Securities - Common Stocks — 99.1% (continued)** |
| **Software & Services — 3.2%** | **Software & Services — 3.2%** | **Software & Services — 3.2%** |
| A10 Networks, Inc. | 35861 | 956771 |
| ACI Worldwide, Inc.<sup>(a)</sup>  | 51373 | 2220341 |
| Adeia, Inc. | 54828 | 1746272 |
| Agilysys, Inc.<sup>(a)</sup>  | 12678 | 812153 |
| Alarm.com Holdings, Inc.<sup>(a)</sup>  | 24857 | 1103899 |
| BlackLine, Inc.<sup>(a)</sup>  | 24901 | 778156 |
| Box, Inc., Cl. A<sup>(a)</sup>  | 71357 | 1726839 |
| Cleanspark, Inc.<sup>(a)</sup>  | 127196 | 1593766 |
| Clear Secure, Inc., Cl. A | 44184 | 2358984 |
| DXC Technology Co.<sup>(a)</sup>  | 84102 | 952035 |
| Everforth, Inc.<sup>(a)</sup>  | 21475 | 453123 |
| Grid Dynamics Holdings, Inc.<sup>(a)</sup>  | 31802 | 180953 |
| Life360, Inc.<sup>(a)</sup>  | 39052 | 1682751 |
| LiveRamp Holdings, Inc.<sup>(a)</sup>  | 31748 | 927994 |
| MARA Holdings, Inc.<sup>(a)</sup>  | 188463 | 2259671 |
| N-able, Inc.<sup>(a)</sup>  | 36327 | 188174 |
| NCR Voyix Corp.<sup>(a)</sup>  | 68725 | 473515 |
| Progress Software Corp.<sup>(a)</sup>  | 21181 | 589891 |
| Q2 Holdings, Inc.<sup>(a)</sup>  | 31098 | 1578223 |
| RingCentral, Inc., Cl. A | 37716 | 1516938 |
| Sprinklr, Inc., Cl. A<sup>(a)</sup>  | 60483 | 297576 |
| SPS Commerce, Inc.<sup>(a)</sup>  | 18716 | 1050342 |
| Teradata Corp.<sup>(a)</sup>  | 46410 | 1222904 |
|  |  | **26671271** |
| **Technology Hardware & Equipment — 5.8%** | **Technology Hardware & Equipment — 5.8%** | **Technology Hardware & Equipment — 5.8%** |
| Arlo Technologies, Inc.<sup>(a)</sup>  | 52512 | 737794 |
| Badger Meter, Inc. | 14686 | 1775684 |
| Benchmark Electronics, Inc. | 17780 | 1458849 |
| Calix, Inc.<sup>(a)</sup>  | 29951 | 1304666 |
| Corsair Gaming, Inc.<sup>(a)</sup>  | 22609 | 153515 |
| CTS Corp. | 14475 | 826522 |
| Diebold Nixdorf, Inc.<sup>(a)</sup>  | 17506 | 1344636 |
| Digi International, Inc.<sup>(a)</sup>  | 18822 | 1054785 |
| ePlus, Inc. | 12946 | 1096397 |
| Extreme Networks, Inc.<sup>(a)</sup>  | 67456 | 1490103 |
| Harmonic, Inc.<sup>(a)</sup>  | 56699 | 648070 |
| Insight Enterprises, Inc.<sup>(a)</sup>  | 15415 | 1123753 |
| Itron, Inc.<sup>(a)</sup>  | 22824 | 1912651 |
| Knowles Corp.<sup>(a)</sup>  | 42145 | 1314502 |
| Mirion Technologies, Inc.<sup>(a)</sup>  | 121925 | 2408019 |
| Napco Security Technologies, Inc. | 17805 | 832384 |
| NetScout Systems, Inc.<sup>(a)</sup>  | 34445 | 1160796 |
| OSI Systems, Inc.<sup>(a)</sup>  | 7717 | 2214162 |
| PC Connection, Inc. | 5802 | 369819 |
| Plexus Corp.<sup>(a)</sup>  | 13348 | 3344742 |
| Ralliant Corp. | 56216 | 2554455 |
| Rogers Corp.<sup>(a)</sup>  | 8335 | 1131476 |
| Sanmina Corp.<sup>(a)</sup>  | 27212 | 5927318 |
| ScanSource, Inc.<sup>(a)</sup>  | 9923 | 408034 |
| Viasat, Inc.<sup>(a)</sup>  | 67690 | 4461448 |

---

**14**

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Equity Securities - Common Stocks — 99.1% (continued)** | **Equity Securities - Common Stocks — 99.1% (continued)** | **Equity Securities - Common Stocks — 99.1% (continued)** |
| **Technology Hardware & Equipment — 5.8% (continued)** | **Technology Hardware & Equipment — 5.8% (continued)** | **Technology Hardware & Equipment — 5.8% (continued)** |
| Viavi Solutions, Inc.<sup>(a)</sup>  | 115310 | 6042244 |
| Vishay Intertechnology, Inc. | 61377 | 1778092 |
|  |  | **48874916** |
| **Telecommunication Services — 1.2%** | **Telecommunication Services — 1.2%** | **Telecommunication Services — 1.2%** |
| Cogent Communications Holdings, Inc. | 23869 | 540633 |
| Gogo, Inc.<sup>(a)</sup>  | 40191 | 167998 |
| Iridium Communications, Inc. | 52231 | 2040665 |
| Lumen Technologies, Inc.<sup>(a)</sup>  | 470228 | 4156815 |
| Shenandoah Telecommunications Co. | 22338 | 351377 |
| Telephone and Data Systems, Inc. | 48977 | 2206904 |
| Uniti Group, Inc.<sup>(a)</sup>  | 89329 | 1056762 |
|  |  | **10521154** |
| **Transportation — 1.9%** | **Transportation — 1.9%** | **Transportation — 1.9%** |
| Allegiant Travel Co.<sup>(a)</sup>  | 6674 | 504821 |
| ArcBest Corp. | 11091 | 1414879 |
| Forward Air Corp.<sup>(a)</sup>  | 10734 | 226058 |
| Heartland Express, Inc. | 23593 | 315674 |
| Hertz Global Holdings, Inc.<sup>(a)</sup>  | 61363 | 390269 |
| Hub Group, Inc., Cl. A | 30291 | 1327655 |
| JetBlue Airways Corp.<sup>(a)</sup>  | 147094 | 684723 |
| Lyft, Inc., Cl. A<sup>(a)</sup>  | 198392 | 2807247 |
| Marten Transport Ltd. | 29244 | 440999 |
| Matson, Inc. | 15538 | 2710293 |
| RXO, Inc.<sup>(a)</sup>  | 81778 | 1633107 |
| Schneider National, Inc., Cl. B | 24856 | 772773 |
| SkyWest, Inc.<sup>(a)</sup>  | 19985 | 1641168 |
| Sun Country Airlines Holdings, Inc.<sup>(a)</sup>  | 26996 | 426537 |
| Werner Enterprises, Inc. | 29579 | 1090578 |
|  |  | **16386781** |
| **Utilities — 2.2%** | **Utilities — 2.2%** | **Utilities — 2.2%** |
| American States Water Co. | 19293 | 1452570 |
| Avista Corp. | 40716 | 1673428 |
| California Water Service Group | 29696 | 1254359 |
| Chesapeake Utilities Corp. | 11745 | 1481279 |
| Clearway Energy, Inc., Cl. A | 17249 | 697377 |
| Clearway Energy, Inc., Cl. C | 42271 | 1706058 |
| H2O America | 18676 | 1049404 |
| Hawaiian Electric Industries, Inc.<sup>(a)</sup>  | 85630 | 1290444 |
| MDU Resources Group, Inc. | 101852 | 2294726 |
| MGE Energy, Inc. | 18210 | 1460806 |
| Middlesex Water Co. | 9228 | 469521 |
| Northwest Natural Holding Co. | 20750 | 1099750 |
| Otter Tail Corp. | 20883 | 1863599 |
| Unitil Corp. | 9064 | 475497 |
|  |  | **18268818** |
| **Total Equity Securities - Common Stocks** <br>(cost $556,684,467)<br>|  | **837105800** |
| **Exchange-Traded Funds — .2%** | **Exchange-Traded Funds — .2%** | **Exchange-Traded Funds — .2%** |
| **Registered Investment Companies — .2%** | **Registered Investment Companies — .2%** | **Registered Investment Companies — .2%** |
| iShares Core S&P Small-Cap ETF <br>(cost $1,805,304)<br>| 14422 | **1977256** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**15**

------

SCHEDULE OF INVESTMENTS (Unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| Description | Number of Rights | Value ($) |
| **Rights — .0%** | **Rights — .0%** | **Rights — .0%** |
| **Pharmaceuticals, Biotechnology & Life Sciences — .0%** | **Pharmaceuticals, Biotechnology & Life Sciences — .0%** | **Pharmaceuticals, Biotechnology & Life Sciences — .0%** |
| Omniab Operations, Inc.-Earnout 12.5 | 9476 | 0 |
| Omniab Operations, Inc.-Earnout 15.0 | 9476 | 0 |
| **Total Rights** <br>(cost $33,892)<br>|  | **0** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | 1-Day <br>Yield (%)<br>| Shares |  |
| **Investment Companies — .9%** | **Investment Companies — .9%** | **Investment Companies — .9%** | **Investment Companies — .9%** |
| **Registered Investment Companies — .9%** | **Registered Investment Companies — .9%** | **Registered Investment Companies — .9%** | **Registered Investment Companies — .9%** |
| Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares<sup>(c)</sup> <br>(cost $7,634,620)<br>| 3.70 | 7634620 | **7634620** |
| **Total Investments** (cost $566,158,283) | **Total Investments** (cost $566,158,283) | **100.2%** | **846717676** |
| **Liabilities, Less Cash and Receivables** | **Liabilities, Less Cash and Receivables** | **(.2%)** | **(1746194)** |
| **Net Assets**  | **Net Assets**  | **100.0%** | **844971482** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

ETF—Exchange-Traded Fund <br> REIT—Real Estate Investment Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Investment in real estate investment trust within the United States.

<sup>(c)</sup> Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company's prospectus. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Affiliated Issuers** | **Affiliated Issuers** | **Affiliated Issuers** | **Affiliated Issuers** | **Affiliated Issuers** | **Affiliated Issuers** |
| Description | Value ($) <br>10/31/2025<br>| Purchases ($)<sup>†</sup>  | Sales ($) | Value ($) <br>4/30/2026<br>| Dividends/ <br>Distributions ($)<br>|
| **Registered Investment Companies - .9%** | **Registered Investment Companies - .9%** | **Registered Investment Companies - .9%** | **Registered Investment Companies - .9%** | **Registered Investment Companies - .9%** | **Registered Investment Companies - .9%** |
| Dreyfus Institutional Preferred Government Plus Money <br> Market Fund, Institutional Shares - .9%<br>| 3302173 | 43570212 | (39237765) | 7634620 | 54798 |
| **Investment of Cash Collateral for Securities Loaned - .0%** | **Investment of Cash Collateral for Securities Loaned - .0%** | **Investment of Cash Collateral for Securities Loaned - .0%** | **Investment of Cash Collateral for Securities Loaned - .0%** | **Investment of Cash Collateral for Securities Loaned - .0%** | **Investment of Cash Collateral for Securities Loaned - .0%** |
| Dreyfus Institutional Preferred Government Plus Money <br> Market Fund, Institutional Shares - .0%<br>| - | 23947963 | (23947963) | - | 17175<sup>††</sup>  |
| **Total - .9%** | **3302173** | **67518175** | **(63185728)** | **7634620** | **71973** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| <sup>†</sup>  | Includes reinvested dividends/distributions. |
| <sup>††</sup>  | Represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and <br> other payments to and from borrowers of securities.<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures** | **Futures** | **Futures** | **Futures** | **Futures** | **Futures** |
| Description | Number of <br>Contracts<br>| Expiration | Notional <br>Value ($)<br>| Market <br>Value ($)<br>| Unrealized <br>Appreciation ($)<br>|
| **Futures Long** |  |  |  |  |  |
| E-mini Russell 2000 Index | &nbsp;&nbsp; 59 | &nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp; 7604635 | &nbsp;&nbsp; 8283010 | &nbsp;&nbsp; 678375 |
| **Gross Unrealized Appreciation** | **Gross Unrealized Appreciation** | **Gross Unrealized Appreciation** |  |  | **678375** |

---

See notes to financial statements.

**16**

------

STATEMENT OF ASSETS AND LIABILITIES

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | Cost | Value |
| **Assets ($):** |  |  |
| Investments in securities—See Schedule of Investments: |  |  |
| Unaffiliated issuers | 558523663 | &nbsp;&nbsp;&nbsp;&nbsp; 839083056 |
| Affiliated issuers | 7634620 | &nbsp;&nbsp;&nbsp;&nbsp; 7634620 |
| Cash collateral held by broker—Note 4  |  | &nbsp;&nbsp;&nbsp;&nbsp; 731000 |
| Receivable for investment securities sold |  | &nbsp;&nbsp;&nbsp;&nbsp; 405559 |
| Dividends receivable |  | &nbsp;&nbsp;&nbsp;&nbsp; 225707 |
| Receivable for shares of Common Stock subscribed |  | &nbsp;&nbsp;&nbsp;&nbsp; 201131 |
| Receivable for futures variation margin—Note 4  |  | &nbsp;&nbsp;&nbsp;&nbsp; 192153 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; **848473226** |
| **Liabilities ($):** |  |  |
| Due to BNY Mellon Investment Adviser, Inc. and affiliates—Note 3(b)  |  | &nbsp;&nbsp;&nbsp;&nbsp; 308501 |
| Cash overdraft due to Custodian |  | &nbsp;&nbsp;&nbsp;&nbsp; 27596 |
| Payable for shares of Common Stock redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp; 2392758 |
| Payable for investment securities purchased |  | &nbsp;&nbsp;&nbsp;&nbsp; 734904 |
| Directors' fees and expenses payable |  | &nbsp;&nbsp;&nbsp;&nbsp; 37985 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; **3501744** |
| **Net Assets ($)** |  | &nbsp;&nbsp;&nbsp;&nbsp; **844971482** |
| **Composition of Net Assets ($):** |  |  |
| Paid-in capital |  | &nbsp;&nbsp;&nbsp;&nbsp; 480521383 |
| Total distributable earnings (loss) |  | &nbsp;&nbsp;&nbsp;&nbsp; 364450099 |
| **Net Assets ($)** |  | &nbsp;&nbsp;&nbsp;&nbsp; **844971482** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Net Asset Value Per Share** | Investor Shares | Class I |
| Net Assets ($) | &nbsp;&nbsp;&nbsp;&nbsp; 743552826 | &nbsp;&nbsp;&nbsp;&nbsp; 101418656 |
| Shares Outstanding | &nbsp;&nbsp;&nbsp;&nbsp; 29389902 | &nbsp;&nbsp;&nbsp;&nbsp; 4030310 |
| **Net Asset Value Per Share ($)** | &nbsp;&nbsp;&nbsp;&nbsp;**25.30** | &nbsp;&nbsp;&nbsp;&nbsp;**25.16** |

---

See notes to financial statements.

**17**

------

STATEMENT OF OPERATIONS

Six Months Ended April 30, 2026 (Unaudited)

---

| | |
|:---|:---|
| **Investment Income ($):** |  |
| **Income:** |  |
| Cash dividends (net of $7,102 foreign taxes withheld at source): |  |
| Unaffiliated issuers | &nbsp;&nbsp;&nbsp;&nbsp; 6801147 |
| Affiliated issuers | &nbsp;&nbsp;&nbsp;&nbsp; 54798 |
| Affiliated income net of rebates from securities lending—Note 1(c)  | &nbsp;&nbsp;&nbsp;&nbsp; 17175 |
| Interest | &nbsp;&nbsp;&nbsp;&nbsp; 9070 |
| **Total Income** | &nbsp;&nbsp;&nbsp;&nbsp; **6882190** |
| **Expenses:** |  |
| Management fee—Note 3(a)  | &nbsp;&nbsp;&nbsp;&nbsp; 1020100 |
| Shareholder servicing costs—Note 3(b)  | &nbsp;&nbsp;&nbsp;&nbsp; 888992 |
| Directors' fees—Notes 3(a) and 3(c)  | &nbsp;&nbsp;&nbsp;&nbsp; 60300 |
| Loan commitment fees—Note 2  | &nbsp;&nbsp;&nbsp;&nbsp; 7929 |
| Interest expense—Note 2 | &nbsp;&nbsp;&nbsp;&nbsp; 3823 |
| **Total Expenses** | &nbsp;&nbsp;&nbsp;&nbsp; **1981144** |
| Less—Directors' fees reimbursed by <br>BNY Mellon Investment Adviser, Inc.—Note 3(a) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (60300)<br>|
| **Net Expenses** | &nbsp;&nbsp;&nbsp;&nbsp; **1920844** |
| **Net Investment Income** | &nbsp;&nbsp;&nbsp;&nbsp; **4961346** |
| **Realized and Unrealized Gain (Loss) on Investments—Note 4 ($):** |  |
| Net realized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp; 90860681 |
| Net realized gain (loss) on futures | &nbsp;&nbsp;&nbsp;&nbsp; 87086 |
| **Net Realized Gain (Loss)** | &nbsp;&nbsp;&nbsp;&nbsp; **90947767** |
| Net change in unrealized appreciation (depreciation) on investments | &nbsp;&nbsp;&nbsp;&nbsp; 33745103 |
| Net change in unrealized appreciation (depreciation) on futures | &nbsp;&nbsp;&nbsp;&nbsp; 555959 |
| **Net Change in Unrealized Appreciation (Depreciation)** | &nbsp;&nbsp;&nbsp;&nbsp; **34301062** |
| **Net Realized and Unrealized Gain (Loss) on Investments** | &nbsp;&nbsp;&nbsp;&nbsp; **125248829** |
| **Net Increase in Net Assets Resulting from Operations** | &nbsp;&nbsp;&nbsp;&nbsp; **130210175** |

---

See notes to financial statements.

**18**

------

STATEMENT OF CHANGES IN NET ASSETS

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; Six Months Ended <br>April 30, 2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited) | Year Ended October 31, 2025 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Six Months Ended <br>April 30, 2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited) | Year Ended October 31, 2025 |
| **Operations ($):** |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp; 4961346 | &nbsp;&nbsp;&nbsp;&nbsp; 10449752 |
| Net realized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp; 90947767 | &nbsp;&nbsp;&nbsp;&nbsp; 123649273 |
| Net change in unrealized appreciation (depreciation) on investments | &nbsp;&nbsp;&nbsp;&nbsp; 34301062 | &nbsp;&nbsp;&nbsp;&nbsp; (95428524) |
| **Net Increase (Decrease) in Net Assets Resulting from Operations** | &nbsp;&nbsp;&nbsp;&nbsp; **130210175** | &nbsp;&nbsp;&nbsp;&nbsp; **38670501** |
| **Distributions ($):** |  |  |
| Distributions to shareholders: |  |  |
| Investor Shares | &nbsp;&nbsp;&nbsp;&nbsp; (95821135) | &nbsp;&nbsp;&nbsp;&nbsp; (119906826) |
| Class I | &nbsp;&nbsp;&nbsp;&nbsp; (15850422) | &nbsp;&nbsp;&nbsp;&nbsp; (34421810) |
| **Total Distributions** | &nbsp;&nbsp;&nbsp;&nbsp; **(111671557)** | &nbsp;&nbsp;&nbsp;&nbsp; **(154328636)** |
| **Capital Stock Transactions ($):** |  |  |
| Net proceeds from shares sold: |  |  |
| Investor Shares | &nbsp;&nbsp;&nbsp;&nbsp; 21799688 | &nbsp;&nbsp;&nbsp;&nbsp; 49372962 |
| Class I | &nbsp;&nbsp;&nbsp;&nbsp; 9623781 | &nbsp;&nbsp;&nbsp;&nbsp; 34451872 |
| Distributions reinvested: |  |  |
| Investor Shares | &nbsp;&nbsp;&nbsp;&nbsp; 94748684 | &nbsp;&nbsp;&nbsp;&nbsp; 118649562 |
| Class I | &nbsp;&nbsp;&nbsp;&nbsp; 14469265 | &nbsp;&nbsp;&nbsp;&nbsp; 32128411 |
| Cost of shares redeemed: |  |  |
| Investor Shares | &nbsp;&nbsp;&nbsp;&nbsp; (114184676) | &nbsp;&nbsp;&nbsp;&nbsp; (230520837) |
| Class I | &nbsp;&nbsp;&nbsp;&nbsp; (43759948) | &nbsp;&nbsp;&nbsp;&nbsp; (157993708) |
| **Increase (Decrease) in Net Assets from Capital Stock Transactions** | &nbsp;&nbsp;&nbsp;&nbsp; **(17303206)** | &nbsp;&nbsp;&nbsp;&nbsp; **(153911738)** |
| **Total Increase (Decrease) in Net Assets** | &nbsp;&nbsp;&nbsp;&nbsp; **1235412** | &nbsp;&nbsp;&nbsp;&nbsp; **(269569873)** |
| **Net Assets ($):** |  |  |
| Beginning of Period | &nbsp;&nbsp;&nbsp;&nbsp; 843736070 | &nbsp;&nbsp;&nbsp;&nbsp; 1113305943 |
| **End of Period** | &nbsp;&nbsp;&nbsp;&nbsp; **844971482** | &nbsp;&nbsp;&nbsp;&nbsp; **843736070** |
| **Capital Share Transactions (Shares):** |  |  |
| **Investor Shares**<sup>(a)</sup>  |  |  |
| Shares sold | &nbsp;&nbsp;&nbsp;&nbsp; 911322 | &nbsp;&nbsp;&nbsp;&nbsp; 2059020 |
| Shares issued for distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp; 4188713 | &nbsp;&nbsp;&nbsp;&nbsp; 4886721 |
| Shares redeemed | &nbsp;&nbsp;&nbsp;&nbsp; (4780407) | &nbsp;&nbsp;&nbsp;&nbsp; (9517855) |
| **Net Increase (Decrease) in Shares Outstanding** | &nbsp;&nbsp;&nbsp;&nbsp; **319628** | &nbsp;&nbsp;&nbsp;&nbsp; **(2572114)** |
| **Class I**<sup>(a)</sup>  |  |  |
| Shares sold | &nbsp;&nbsp;&nbsp;&nbsp; 404516 | &nbsp;&nbsp;&nbsp;&nbsp; 1423564 |
| Shares issued for distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp; 643651 | &nbsp;&nbsp;&nbsp;&nbsp; 1330369 |
| Shares redeemed | &nbsp;&nbsp;&nbsp;&nbsp; (1865940) | &nbsp;&nbsp;&nbsp;&nbsp; (6781687) |
| **Net Increase (Decrease) in Shares Outstanding** | &nbsp;&nbsp;&nbsp;&nbsp; **(817773)** | &nbsp;&nbsp;&nbsp;&nbsp; **(4027754)** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> During the period ended October 31, 2025, 3,455 Investor shares representing $84,881 were exchanged for 3,472 Class I shares.

See notes to financial statements.

**19**

------

FINANCIAL HIGHLIGHTS

The following tables describe the performance for each share class for the fiscal periods indicated. All information (except portfolio turnover rate) reflects financial results for a single fund share. Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp; Six Months Ended <br>April 30, 2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)  | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, |
| **Investor Shares** | &nbsp;&nbsp;&nbsp; Six Months Ended <br>April 30, 2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)  | 2025 | 2024 | 2023 | 2022 | 2021 |
| **Per Share Data ($):** | **Per Share Data ($):** |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp;24.89 | &nbsp;&nbsp;&nbsp;&nbsp;27.49 | &nbsp;&nbsp;&nbsp;&nbsp;23.24 | &nbsp;&nbsp;&nbsp;&nbsp;28.82 | &nbsp;&nbsp;&nbsp;&nbsp;36.44 | &nbsp;&nbsp;&nbsp;&nbsp;24.77 |
| Investment Operations: | Investment Operations: |  |  |  |  |  |
| Net investment income<sup>(a)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp; .14 | &nbsp;&nbsp;&nbsp;&nbsp; .26 | &nbsp;&nbsp;&nbsp;&nbsp; .33 | &nbsp;&nbsp;&nbsp;&nbsp; .34 | &nbsp;&nbsp;&nbsp;&nbsp; .30 | &nbsp;&nbsp;&nbsp;&nbsp; .27 |
| Net realized and unrealized gain (loss) on <br> investments<br>| &nbsp;&nbsp;&nbsp;&nbsp;3.69 | &nbsp;&nbsp;&nbsp;&nbsp;1.02 | &nbsp;&nbsp;&nbsp;&nbsp;6.37 | &nbsp;&nbsp;&nbsp;&nbsp; (2.52)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4.32)<br>| &nbsp;&nbsp;&nbsp;&nbsp;13.63 |
| Total from Investment Operations | &nbsp;&nbsp;&nbsp;&nbsp;3.83 | &nbsp;&nbsp;&nbsp;&nbsp;1.28 | &nbsp;&nbsp;&nbsp;&nbsp;6.70 | &nbsp;&nbsp;&nbsp;&nbsp; (2.18)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4.02)<br>| &nbsp;&nbsp;&nbsp;&nbsp;13.90 |
| Distributions: |  |  |  |  |  |  |
| Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (.29)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.37)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.37)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.34)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.30)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.27)<br>|
| Dividends from net realized gain on <br> investments<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.13)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.51)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.08)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.06)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.30)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.96)<br>|
| Total Distributions | &nbsp;&nbsp;&nbsp;&nbsp; (3.42)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.88)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.45)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.40)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.60)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.23)<br>|
| Net asset value, end of period | &nbsp;&nbsp;&nbsp;&nbsp;25.30 | &nbsp;&nbsp;&nbsp;&nbsp;24.89 | &nbsp;&nbsp;&nbsp;&nbsp;27.49 | &nbsp;&nbsp;&nbsp;&nbsp;23.24 | &nbsp;&nbsp;&nbsp;&nbsp;28.82 | &nbsp;&nbsp;&nbsp;&nbsp;36.44 |
| **Total Return (%)** | &nbsp;&nbsp;&nbsp;&nbsp; 17.01 <br> <sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;5.03 | &nbsp;&nbsp;&nbsp;&nbsp;29.52 | &nbsp;&nbsp;&nbsp;&nbsp; (8.13)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (12.29)<br>| &nbsp;&nbsp;&nbsp;&nbsp;58.22 |
| **Ratios/Supplemental Data (%):** | **Ratios/Supplemental Data (%):** |  |  |  |  |  |
| Ratio of total expenses to average net <br> assets<sup>(c)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; .52 <br> <sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; .51 | &nbsp;&nbsp;&nbsp;&nbsp; .51 | &nbsp;&nbsp;&nbsp;&nbsp; .51 | &nbsp;&nbsp;&nbsp;&nbsp; .51 | &nbsp;&nbsp;&nbsp;&nbsp; .51 |
| Ratio of net expenses <br> to average net assets<sup>(c),(e)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; .50 <br> <sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; .50 | &nbsp;&nbsp;&nbsp;&nbsp; .51 | &nbsp;&nbsp;&nbsp;&nbsp; .50 | &nbsp;&nbsp;&nbsp;&nbsp; .50 | &nbsp;&nbsp;&nbsp;&nbsp; .50 |
| Ratio of net investment income to average <br> net assets<sup>(c),(e)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.18 <br> <sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1.06 | &nbsp;&nbsp;&nbsp;&nbsp;1.27 | &nbsp;&nbsp;&nbsp;&nbsp;1.30 | &nbsp;&nbsp;&nbsp;&nbsp; .99 | &nbsp;&nbsp;&nbsp;&nbsp; .79 |
| Portfolio Turnover Rate | &nbsp;&nbsp;&nbsp;&nbsp; 28.66 <br> <sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;47.87 | &nbsp;&nbsp;&nbsp;&nbsp;40.52 | &nbsp;&nbsp;&nbsp;&nbsp;37.96 | &nbsp;&nbsp;&nbsp;&nbsp;25.75 | &nbsp;&nbsp;&nbsp;&nbsp;26.70 |
| **Net Assets, end of period ($ x 1,000)** | &nbsp;&nbsp;&nbsp;&nbsp; 743553 | &nbsp;&nbsp;&nbsp;&nbsp; 723472 | &nbsp;&nbsp;&nbsp;&nbsp; 869834 | &nbsp;&nbsp;&nbsp;&nbsp; 848876 | &nbsp;&nbsp;&nbsp;&nbsp; 1110002 | &nbsp;&nbsp;&nbsp;&nbsp; 1519919 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Based on average shares outstanding.

<sup>(b)</sup> Not annualized.

<sup>(c)</sup> Amount does not include the expenses of the underlying funds.

<sup>(d)</sup> Annualized.

<sup>(e)</sup> Amount inclusive of Directors' fees reimbursed by BNY Mellon Investment Adviser, Inc.

See notes to financial statements.

**20**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp; Six Months Ended <br>April 30, 2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)  | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, | Year Ended October 31, |
| **Class I Shares** | &nbsp;&nbsp;&nbsp; Six Months Ended <br>April 30, 2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)  | 2025 | 2024 | 2023 | 2022 | 2021 |
| **Per Share Data ($):** | **Per Share Data ($):** |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp;24.81 | &nbsp;&nbsp;&nbsp;&nbsp;27.43 | &nbsp;&nbsp;&nbsp;&nbsp;23.20 | &nbsp;&nbsp;&nbsp;&nbsp;28.80 | &nbsp;&nbsp;&nbsp;&nbsp;36.43 | &nbsp;&nbsp;&nbsp;&nbsp;24.76 |
| Investment Operations: | Investment Operations: |  |  |  |  |  |
| Net investment income<sup>(a)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp; .17 | &nbsp;&nbsp;&nbsp;&nbsp; .32 | &nbsp;&nbsp;&nbsp;&nbsp; .40 | &nbsp;&nbsp;&nbsp;&nbsp; .40 | &nbsp;&nbsp;&nbsp;&nbsp; .38 | &nbsp;&nbsp;&nbsp;&nbsp; .35 |
| Net realized and unrealized gain (loss) on <br> investments<br>| &nbsp;&nbsp;&nbsp;&nbsp;3.67 | &nbsp;&nbsp;&nbsp;&nbsp;1.03 | &nbsp;&nbsp;&nbsp;&nbsp;6.35 | &nbsp;&nbsp;&nbsp;&nbsp; (2.51)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4.32)<br>| &nbsp;&nbsp;&nbsp;&nbsp;13.62 |
| Total from Investment Operations | &nbsp;&nbsp;&nbsp;&nbsp;3.84 | &nbsp;&nbsp;&nbsp;&nbsp;1.35 | &nbsp;&nbsp;&nbsp;&nbsp;6.75 | &nbsp;&nbsp;&nbsp;&nbsp; (2.11)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.94)<br>| &nbsp;&nbsp;&nbsp;&nbsp;13.97 |
| Distributions: |  |  |  |  |  |  |
| Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (.36)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.46)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.44)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.43)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.39)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.34)<br>|
| Dividends from net realized gain on <br> investments<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.13)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.51)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.08)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.06)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.30)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.96)<br>|
| Total Distributions | &nbsp;&nbsp;&nbsp;&nbsp; (3.49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.97)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.52)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.69)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.30)<br>|
| Net asset value, end of period | &nbsp;&nbsp;&nbsp;&nbsp;25.16 | &nbsp;&nbsp;&nbsp;&nbsp;24.81 | &nbsp;&nbsp;&nbsp;&nbsp;27.43 | &nbsp;&nbsp;&nbsp;&nbsp;23.20 | &nbsp;&nbsp;&nbsp;&nbsp;28.80 | &nbsp;&nbsp;&nbsp;&nbsp;36.43 |
| **Total Return (%)** | &nbsp;&nbsp;&nbsp;&nbsp; 17.13 <br> <sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;5.30 | &nbsp;&nbsp;&nbsp;&nbsp;29.83 | &nbsp;&nbsp;&nbsp;&nbsp; (7.90)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (12.08)<br>| &nbsp;&nbsp;&nbsp;&nbsp;58.63 |
| **Ratios/Supplemental Data (%):** | **Ratios/Supplemental Data (%):** |  |  |  |  |  |
| Ratio of total expenses to average net <br> assets<sup>(c)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; .27 <br> <sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; .26 | &nbsp;&nbsp;&nbsp;&nbsp; .26 | &nbsp;&nbsp;&nbsp;&nbsp; .26 | &nbsp;&nbsp;&nbsp;&nbsp; .26 | &nbsp;&nbsp;&nbsp;&nbsp; .26 |
| Ratio of net expenses <br> to average net assets<sup>(c),(e)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; .25 <br> <sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; .25 | &nbsp;&nbsp;&nbsp;&nbsp; .26 | &nbsp;&nbsp;&nbsp;&nbsp; .25 | &nbsp;&nbsp;&nbsp;&nbsp; .25 | &nbsp;&nbsp;&nbsp;&nbsp; .25 |
| Ratio of net investment income to average <br> net assets<sup>(c),(e)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.43 <br> <sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1.31 | &nbsp;&nbsp;&nbsp;&nbsp;1.52 | &nbsp;&nbsp;&nbsp;&nbsp;1.55 | &nbsp;&nbsp;&nbsp;&nbsp;1.24 | &nbsp;&nbsp;&nbsp;&nbsp;1.03 |
| Portfolio Turnover Rate | &nbsp;&nbsp;&nbsp;&nbsp; 28.66 <br> <sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;47.87 | &nbsp;&nbsp;&nbsp;&nbsp;40.52 | &nbsp;&nbsp;&nbsp;&nbsp;37.96 | &nbsp;&nbsp;&nbsp;&nbsp;25.75 | &nbsp;&nbsp;&nbsp;&nbsp;26.70 |
| **Net Assets, end of period ($ x 1,000)** | &nbsp;&nbsp;&nbsp;&nbsp; 101419 | &nbsp;&nbsp;&nbsp;&nbsp; 120264 | &nbsp;&nbsp;&nbsp;&nbsp; 243472 | &nbsp;&nbsp;&nbsp;&nbsp; 223096 | &nbsp;&nbsp;&nbsp;&nbsp; 297615 | &nbsp;&nbsp;&nbsp;&nbsp; 413833 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Based on average shares outstanding.

<sup>(b)</sup> Not annualized.

<sup>(c)</sup> Amount does not include the expenses of the underlying funds.

<sup>(d)</sup> Annualized.

<sup>(e)</sup> Amount inclusive of Directors' fees reimbursed by BNY Mellon Investment Adviser, Inc.

See notes to financial statements.

**21**

------

NOTES TO FINANCIAL STATEMENTS (Unaudited)

**NOTE 1—**

**Significant Accounting Policies:**

BNY Mellon Smallcap Stock Index Fund (the "fund") is a separate diversified series of BNY Mellon Index Funds, Inc. (the "Company"), which is registered under the Investment Company Act of 1940, as amended (the "Act"), as an open-end management investment company and operates as a series company currently offering three series, including the fund. The fund's investment objective is to seek to match the performance of the S&P SmallCap 600® Index. BNY Mellon Investment Adviser, Inc. (the "Adviser"), a wholly-owned subsidiary of The Bank of New York Mellon Corporation ("BNY"), serves as the fund's investment adviser.

BNY Mellon Securities Corporation (the "Distributor"), a wholly-owned subsidiary of the Adviser, is the distributor of the fund's shares, which are sold to the public without a sales charge. The fund is authorized to issue 300 million shares of $.001 par value Common Stock. The fund currently has authorized two classes of shares: Investor shares (200 million shares authorized) and Class I (100 million shares authorized). Investor shares are sold primarily to retail investors through financial intermediaries and bear shareholder services plan fees. Class I shares are sold primarily to bank trust departments and other financial service providers (including BNY and its affiliates), acting on behalf of customers having a qualified trust or an investment account or relationship at such institution, and bear no shareholder services plan fees. Other differences between the classes include the services offered to and the expenses borne by each class, and certain voting rights. Income, expenses (other than expenses attributable to a specific class), and realized and unrealized gains or losses on investments are allocated to each class of shares based on its relative net assets.

The Company accounts separately for the assets, liabilities and operations of each series. Expenses directly attributable to each series are charged to that series' operations; expenses which are applicable to all series of the Company are allocated among them on a pro rata basis.

The Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") is the exclusive reference of authoritative U.S. generally accepted accounting principles ("GAAP") recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the SEC under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The Company enters into contracts that contain a variety of indemnifications. The fund's maximum exposure under these arrangements is unknown. The fund does not anticipate recognizing any loss related to these arrangements.

**(a) Portfolio valuation:** 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, including 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

**22**

------

NOTES TO FINANCIAL STATEMENTS (Unaudited) (continued)

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, 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 Company's Board of Directors (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.

Futures contracts will be valued at the most recent settlement price and are generally categorized within Level 1 of the fair value hierarchy.

The following is a summary of the inputs used as of April 30, 2026 in valuing the fund's investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 -** <br>**Unadjusted** <br>**Quoted Prices**<br>| **Level 2- Other** <br>**Significant** <br>**Observable Inputs**<br>| **Level 3-** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Assets ($)** |  |  |  |  |
| Investments in Securities:<sup>†</sup>  |  |  |  |  |
| Equity Securities - Common Stocks | &nbsp;&nbsp; 836813882 | &nbsp;&nbsp; 291918<sup>††</sup>  | &nbsp;&nbsp; — | &nbsp;&nbsp; **837105800** |
| Exchange-Traded Funds | &nbsp;&nbsp; 1977256 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; **1977256** |
| Rights | &nbsp;&nbsp; — | &nbsp;&nbsp; 0 | &nbsp;&nbsp; — | &nbsp;&nbsp; **0** |
| Investment Companies | &nbsp;&nbsp; 7634620 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; **7634620** |
|  | &nbsp;&nbsp; **846425758** | &nbsp;&nbsp; **291918** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **846717676** |
| Other Financial Instruments: |  |  |  |  |
| Futures<sup>†††</sup>  | &nbsp;&nbsp; 678375 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; **678375** |
|  | &nbsp;&nbsp; **678375** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **678375** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| <sup>†</sup>  | See Schedule of Investments for additional detailed categorizations, if any. |
| <sup>††</sup>  | Securities classified within Level 2 at period end as the values were determined pursuant to the fund's fair valuation procedures. |
| <sup>†††</sup>  | Amount shown represents unrealized appreciation (depreciation) at period end, but only variation margin on exchange-traded and centrally cleared derivatives, <br> if any, are reported in the Statement of Assets and Liabilities.<br>|

---

**(b) Foreign taxes:** The fund may be subject to foreign taxes (a portion of which may be reclaimable) on income, stock dividends, realized and unrealized capital gains on investments or certain foreign currency transactions. Foreign taxes are recorded in accordance with the applicable foreign tax regulations and rates that exist in the foreign jurisdictions in which the fund invests. These foreign taxes, if any, are paid by the fund and are reflected in the Statement of Operations, if applicable. Foreign taxes payable or deferred or those

**23**

------

NOTES TO FINANCIAL STATEMENTS (Unaudited) (continued)

subject to reclaims as of April 30, 2026, if any, are disclosed in the fund's Statement of Assets and Liabilities.

**(c) Securities transactions and investment income:** Securities transactions are recorded on a trade date basis. Realized gains and losses from securities transactions are recorded on the identified cost basis. Dividend income is recognized on the ex-dividend date and interest income, including, where applicable, accretion of discount and amortization of premium on investments, is recognized on the accrual basis.

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. Any non-cash collateral received cannot be sold or re-pledged by the fund, except in the event of borrower default, and is not reflected in the Statement of Assets and Liabilities. 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. During the period ended April 30, 2026, BNY earned $2,336 from the lending of the fund's portfolio securities, pursuant to the securities lending agreement.

For financial reporting purposes, the fund elects not to offset assets and liabilities subject to a securities lending agreement, if any, in the Statement of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statement of Assets and Liabilities. As of April 30, 2026, the fund had no securities on loan.

**(d) Affiliated issuers:** Investments in other investment companies advised by the Adviser are considered "affiliated" under the Act.

**(e) Market Risk:** The value of the securities in which the fund invests may be affected by political, regulatory, economic and social developments, and developments that impact specific economic sectors, industries or segments of the market. In addition, turbulence in financial markets and reduced liquidity in equity, credit and/or fixed-income markets may negatively affect many issuers, which could adversely affect the fund. Global economies and financial markets are becoming increasingly interconnected, and conditions and events in one country, region or financial market may adversely impact issuers in a different country, region or financial market. These risks may be magnified if certain events or developments adversely interrupt the global supply chain; in these and other circumstances, such risks might affect companies world-wide. Local, regional or global events such as war, military conflicts, acts of terrorism, natural disasters, the spread of infectious illness or other public health issues, recessions, elevated levels of government debt, changes in trade regulation or economic sanctions, internal unrest and discord, or other events could have a significant impact on the fund and its investments.

**Indexing Strategy Risk:** The fund uses an indexing strategy. It does not attempt to manage market volatility, use defensive strategies or reduce the effects of any long-term periods of poor index performance. The correlation between fund and index performance may be affected by the fund's expenses and/or use of sampling techniques, changes in securities markets, changes in the composition of the index and the timing of purchases and redemptions of fund shares.

**(f) Dividends and distributions to shareholders:** Dividends and distributions are recorded on the ex-dividend date. Dividends from net investment income and dividends from net realized capital gains, if any, are normally declared and paid annually, but the fund may make distributions on a more frequent basis to comply with the distribution requirements of the Internal Revenue Code of 1986, as amended (the "Code"). To the extent that net realized capital gains can be offset by capital loss carryovers, it is the policy of the fund not to distribute such gains. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

**(g) Federal income taxes:** It is the policy of the fund to continue to qualify as a regulated investment company, if such qualification is in the best interests of its shareholders, by complying with the applicable provisions of the Code, and to make distributions of taxable income and net realized capital gain sufficient to relieve it from substantially all federal income and excise taxes.

As of and during the period ended April 30, 2026, the fund did not have any liabilities for any uncertain tax positions. The fund recognizes interest and penalties, if any, related to uncertain tax positions as income tax expense in the Statement of Operations. During the period ended April 30, 2026, the fund did not incur any interest or penalties.

**24**

------

NOTES TO FINANCIAL STATEMENTS (Unaudited) (continued)

Each tax year in the three-year period ended October 31, 2025 remains subject to examination by the Internal Revenue Service and state taxing authorities.

The tax character of distributions paid to shareholders during the fiscal year ended October 31, 2025 were as follows: ordinary income $15,612,057 and long-term capital gains $138,716,579. The tax character of current year distributions will be determined at the end of the current fiscal year.

**(h) Operating segment reporting:** In accordance with FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures ("ASU 2023-07"), the fund has operated and been managed as a single reportable segment, generating returns through dividends, interest, and/or gains from investments aligned with its single stated investment objective as outlined in the fund's prospectus. The fund's accounting policies are consistent with those described in these Notes to Financial Statements. The chief operating decision maker ("CODM") is represented by BNY Investments and is comprised of Senior Management and Directors of BNY Investments. The CODM considers the net increase in net assets resulting from operations when deciding whether to purchase additional investments or make distributions to shareholders. Detailed financial information for the fund is presented in these financial statements, including total assets and liabilities in the Statement of Assets and Liabilities, investments held in the Schedule of Investments, results of operations and significant segment expenses in the Statement of Operations, and additional performance information—such as total return, portfolio turnover, and ratios—in the Financial Highlights.

**NOTE 2—**

**Bank Lines of Credit:**

The fund participates with other long-term open-end funds managed by the Adviser in a $738 million unsecured credit facility led by Citibank, N.A. (the "Citibank Credit Facility") and a $300 million unsecured credit facility provided by BNY (the "BNY Credit Facility"), each to be utilized primarily for temporary or emergency purposes, including the financing of redemptions (each, a "Facility"). The Citibank Credit Facility is available in two tranches: (i) Tranche A is in an amount equal to $618 million and is available to all long-term open-ended funds, including the fund, and (ii) Tranche B is an amount equal to $120 million and is available only to BNY Mellon Floating Rate Income Fund, a series of BNY Mellon Investment Funds IV, Inc. In connection therewith, the fund has agreed to pay its pro rata portion of commitment fees for Tranche A of the Citibank Credit Facility and the BNY Credit Facility. Interest is charged to the fund based on rates determined pursuant to the terms of the respective Facility at the time of borrowing.

During the period ended April 30, 2026, the fund was charged $3,823 for interest expense. These fees are included in Interest expense in the Statement of Operations. The average amount of borrowings outstanding under the Citibank Credit Facility during the period ended April 30, 2026 was approximately $165,746 with a related weighted average annualized interest rate of 4.65%. As of April 30, 2026, the fund has no outstanding loan balance from either Facility.

**NOTE 3—**

**Management Fee and Other Transactions with Affiliates:**

**(a)** Pursuant to a management agreement with the Adviser, the management fee is computed at the annual rate of .25% of the value of the fund's average daily net assets and is payable monthly. The Adviser has agreed in its management agreement with the fund to pay all of the fund's expenses, except management fees, interest expenses, brokerage commissions, and commitment fees on borrowings, if any, fees pursuant to any distribution or shareholder services plan adopted by the fund, fees and expenses of the non-interested board members and their counsel and independent counsel to the fund, and any extraordinary expenses. The Adviser has further agreed to reduce its fees in an amount equal to the fund's allocable portion of the fees and expenses of the non-interested board members and the fees and expenses of independent counsel to the fund and to the non-interested board members. These provisions in the management agreement may not be amended without the approval of the fund's shareholders. During the period ended April 30, 2026, fees reimbursed by the Adviser amounted to $60,300.

**(b)** Under the shareholder services plan (the "Shareholder Services Plan"), Investor shares pay the Distributor at an annual rate of .25% of the value of their average daily net assets for the provision of certain services. The services provided may include personal services relating to shareholder accounts, such as answering shareholder inquiries regarding the fund, and services related to the maintenance of shareholder accounts. The Distributor may make payments to service agents (securities dealers, financial institutions or other industry professionals) with respect to these services. The Distributor determines the amounts to be paid to service agents. During the period ended April 30, 2026, Investor shares were charged $888,992 pursuant to the Shareholder Services Plan.

The fund has an arrangement with The Bank of New York Mellon (the "Custodian"), a subsidiary of BNY and an affiliate of the Adviser, whereby the fund will receive interest income or be charged overdraft fees when cash balances are maintained. For financial reporting purposes, the fund includes this interest income and overdraft fees, if any, as interest income in the Statement of Operations.

**25**

------

NOTES TO FINANCIAL STATEMENTS (Unaudited) (continued)

The components of "Due to BNY Mellon Investment Adviser, Inc. and affiliates" in the Statement of Assets and Liabilities consist of: management fee of $168,900, Shareholder Services Plan fees of $148,601, which are offset against an expense reimbursement currently in effect in the amount of $9,000.

**(c)** Each board member of the fund also serves as a board member of other funds in the BNY Mellon Family of Funds complex. Annual retainer fees and attendance fees are allocated to each fund based on net assets.

**NOTE 4—**

**Securities Transactions:**

The aggregate amount of purchases and sales of investment securities, excluding short-term securities and derivatives, during the period ended April 30, 2026, amounted to $235,059,998 and $360,114,152, respectively.

**Derivatives:** A derivative is a financial instrument whose performance is derived from the performance of another asset. Rule 18f-4 under the Act regulates the use of derivatives transactions for certain funds registered under the Act. Each type of derivative instrument that was held by the fund during the period ended April 30, 2026 is discussed below.

**Deposits with Broker:** The amount included in Cash collateral held by broker in the Statement of Asset and Liabilities represents cash balances that are held by a broker, including collateral required for derivative contracts. Any income earned on cash balances held by a broker is recorded as interest income to the fund.

**Futures:** In the normal course of pursuing its investment objective, the fund is exposed to market risk, including equity price 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 April 30, 2026 are set forth in the fund's Schedule of Investments.

The following tables show the fund's exposure to different types of market risk as it relates to the Statement of Assets and Liabilities and the Statement of Operations, respectively.

Fair value of derivative instruments as of April 30, 2026 is shown below:

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Derivative** <br>**Assets ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Derivative** <br>**Liabilities ($)**<br>|
| Equity Risk | &nbsp;&nbsp;&nbsp;&nbsp; 678375 <br> <sup>(1)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; - |
| **Gross fair value of derivative contracts** | &nbsp;&nbsp;&nbsp;&nbsp; **678375** | &nbsp;&nbsp;&nbsp;&nbsp; **-** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Statement of Assets and Liabilities location: | Statement of Assets and Liabilities location: |
| <sup>(1)</sup>  | Includes cumulative appreciation (depreciation) on futures as reported in the Schedule of Investments, but only the unpaid variation margin is reported in the <br> Statement of Assets and Liabilities.<br>|

---

The effect of derivative instruments in the Statement of Operations during the period ended April 30, 2026 is shown below:

---

| | | |
|:---|:---|:---|
| Amount of realized gain (loss) on derivatives recognized in income ($) | Amount of realized gain (loss) on derivatives recognized in income ($) | Amount of realized gain (loss) on derivatives recognized in income ($) |
| **Underlying risk** | **Futures**<sup>(1)</sup>  | **Total** |
| Equity | &nbsp;&nbsp;&nbsp;&nbsp; 87086 | &nbsp;&nbsp;&nbsp;&nbsp; **87086** |
| **Total** | &nbsp;&nbsp;&nbsp;&nbsp; **87086** | &nbsp;&nbsp;&nbsp;&nbsp; **87086** |

---

**26**

------

NOTES TO FINANCIAL STATEMENTS (Unaudited) (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Net change in unrealized appreciation (depreciation) on derivatives recognized in income ($) | Net change in unrealized appreciation (depreciation) on derivatives recognized in income ($) | Net change in unrealized appreciation (depreciation) on derivatives recognized in income ($) |
| **Underlying risk** | **Futures**<sup>(2)</sup>  | **Total** |
| Equity | &nbsp;&nbsp;&nbsp;&nbsp; 555959 | &nbsp;&nbsp;&nbsp;&nbsp; **555959** |
| **Total** | &nbsp;&nbsp;&nbsp;&nbsp; **555959** | &nbsp;&nbsp;&nbsp;&nbsp; **555959** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Statement of Operations location: <br> <sup>(1)</sup> Net realized gain (loss) on futures. <br> <sup>(2)</sup> Net change in unrealized appreciation (depreciation) on futures.

The following table summarizes the monthly average market value of derivatives outstanding during the period ended April 30, 2026:

---

| | |
|:---|:---|
|  | Average Market Value ($) |
| **Futures:** |  |
| Equity Futures Long | &nbsp;&nbsp; 4760431 |

---

At April 30, 2026, accumulated net unrealized appreciation on investments inclusive of derivative contracts was $281,237,768, consisting of $352,649,119 gross unrealized appreciation and $71,411,351 gross unrealized depreciation.

At April 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).

**27**

------

Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies (Unaudited)

N/A

**28**

------

Item 9. Proxy Disclosures for Open-End Management Investment Companies (Unaudited)

N/A

**29**

------

Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies (Unaudited)

Each board member also serves as a board member of other funds in the BNY Mellon Family of Funds complex, and annual retainer fees and meeting attendance fees are allocated to each fund based on net assets. The Adviser reimburses the fund for the fees and expenses of the non-interested board members. Compensation paid by the fund to the board members and board member fees reimbursed by the Adviser during the period are within Item 7. Statement of Operations as Directors' and Directors' fees reimbursed by BNY Mellon Investment Adviser, Inc., respectively.

**30**

------

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contracts (Unaudited)

At a meeting of the fund's Board of Directors (the "Board") held on March 5-6, 2026, the Board considered the renewal of the fund's Management Agreement pursuant to which the Adviser provides the fund with investment advisory and administrative services (the "Agreement"). The Board members, none of whom are "interested persons" (as defined in the Investment Company Act of 1940, as amended) of the fund, were assisted in their review by independent legal counsel and met with counsel in executive session separate from representatives of the Adviser. In considering the renewal of the Agreement, the Board considered several factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Board member may have attributed different weights to the factors considered.

<u>Analysis of Nature, Extent, and Quality of Services Provided to the Fund.</u> The Board considered information provided to it at the meeting and in previous presentations from representatives of the Adviser regarding the nature, extent, and quality of the services provided to funds in the BNY fund complex, including the fund. The Adviser provided the number of open accounts in the fund, the fund's asset size and the allocation of fund assets among distribution channels. The Adviser also had previously provided information regarding the diverse intermediary relationships and distribution channels of funds in the BNY fund complex (such as retail direct or intermediary, in which intermediaries typically are paid by the fund and/or the Adviser) and the Adviser's corresponding need for broad, deep, and diverse resources to be able to provide ongoing shareholder services to each intermediary or distribution channel, as applicable to the fund.

The Board also considered research support available to, and portfolio management capabilities of, the fund's portfolio management personnel and that the Adviser also provides oversight of day-to-day fund operations, including fund accounting and administration and assistance in meeting legal and regulatory requirements. The Board also considered the Adviser's extensive administrative, accounting and compliance infrastructures.

<u>Comparative Analysis of the Fund's Performance and Management Fee and Expense Ratio.</u> The Board reviewed reports prepared by Broadridge Financial Solutions, Inc. ("Broadridge"), an independent provider of investment company data based on classifications provided by Thomson Reuters Lipper ("Lipper"), which included information comparing (1) the performance of the fund's Investor Class shares with the performance of a group of retail no-load small-cap core funds selected by Broadridge as comparable to the fund (the "Performance Group") and with a broader group of funds consisting of all retail and institutional small-cap core funds (the "Performance Universe"), all for various periods ended December 31, 2025, and (2) the fund's actual and contractual management fees and total expenses with those of the same group of funds in the Performance Group (the "Expense Group") and with a broader group of funds consisting of retail no-load small-cap core funds, excluding outliers (the "Expense Universe"), the information for which was derived in part from fund financial statements available to Broadridge as of the date of its analysis. The Adviser previously had furnished the Board with a description of the methodology Broadridge used to select the Performance Group and Performance Universe and the Expense Group and Expense Universe.

Performance Comparisons. Representatives of the Adviser stated that the usefulness of performance comparisons may be affected by a number of factors, including different investment limitations and policies that may be applicable to the fund and comparison funds and the end date selected. The Board also considered the fund's performance in light of overall financial market conditions. The Board discussed with representatives of the Adviser the results of the comparisons and considered that the fund's total return performance was slightly below the Performance Group median for all periods under review, and was below the Performance Universe median for all periods, except for the ten-year period when the fund's total return performance was slightly above the Performance Universe median. It was noted that there were only three other funds in the Performance Group and that the Performance Universe was not limited to index funds. The Adviser also provided a comparison of the fund's calendar year total returns to the returns of the fund's benchmark index.

Management Fee and Expense Ratio Comparisons. The Board reviewed and considered the contractual management fee rate payable by the fund to the Adviser in light of the nature, extent and quality of the management services provided by the Adviser. In addition, the Board reviewed and considered the actual management fee rate paid by the fund over the fund's last fiscal year. The Board also reviewed the range of actual and contractual management fees and total expenses as a percentage of average net assets of the Expense Group and Expense Universe funds and discussed the results of the comparisons.

The Board noted that the Adviser pays all fund expenses, other than the actual management fee and certain other expenses. Because of the fund's "unitary" fee structure, the Board recognized that the fund's fees and expenses will vary within a much smaller range and the

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Item 11. Statement Regarding Basis for Approval of Investment Advisory Contracts (Unaudited) (continued)

Adviser will bear the risk that fund expenses may increase over time. On the other hand, the Board noted that it is possible that the Adviser could earn a profit on the fees charged under the Agreement and would benefit from any price decreases in third-party services covered by the Agreement. Taking into account the fund's "unitary" fee structure, the Board considered that the fund's contractual management fee was approximately equivalent to the Expense Group median contractual management fee, the fund's actual management fee was approximately equivalent to the Expense Group median and higher than the Expense Universe median actual management fee, and the fund's total expenses were approximately equivalent to the Expense Group median and higher than the Expense Universe median total expenses.

Representatives of the Adviser reviewed with the Board the management or investment advisory fees (1) paid by funds advised by the Adviser that are in the same Lipper category as the fund and (2) paid to the Adviser, or the primary employer of the fund's primary portfolio managers that is affiliated with the Adviser, for advising the one separate account or other type of client portfolio that is considered to have similar investment strategies and policies as the fund (the "Similar Clients"), and explained the nature of the Similar Clients. They discussed differences in fees paid and the relationship of the fees paid in light of any differences in the services provided and other relevant factors, noting the fund's "unitary" fee structure. The Board considered the relevance of the fee information provided for the Similar Clients to evaluate the appropriateness of the fund's management fee.

<u>Analysis of Profitability and Economies of Scale.</u> Representatives of the Adviser reviewed the expenses allocated and profit received by the Adviser and its affiliates and the resulting profitability percentage for managing the fund and the aggregate profitability percentage to the Adviser and its affiliates for managing the funds in the BNY fund complex, and the method used to determine the expenses and profit. The Board concluded that the profitability results were not excessive, given the services rendered and service levels provided by the Adviser and its affiliates. The Board had been provided with information prepared by an independent consulting firm regarding the Adviser's approach to allocating costs to, and determining the profitability of, individual funds and the entire BNY fund complex. The consulting firm also had analyzed where any economies of scale might emerge in connection with the management of a fund.

The Board considered, on the advice of its counsel, the profitability analysis (1) as part of its evaluation of whether the fee under the Agreement, considered in relation to the mix of services provided by the Adviser, including the nature, extent and quality of such services, supported the renewal of the Agreement and (2) in light of the relevant circumstances for the fund and the extent to which economies of scale would be realized if the fund grows and whether fee levels reflect these economies of scale for the benefit of fund shareholders. Representatives of the Adviser stated that, as a result of shared and allocated costs among funds in the BNY fund complex, the extent of economies of scale could depend substantially on the level of assets in the complex as a whole, so that increases and decreases in complex-wide assets can affect potential economies of scale in a manner that is disproportionate to, or even in the opposite direction from, changes in the fund's asset level. The Board also considered potential benefits to the Adviser from acting as investment adviser and took into consideration that there were no soft dollar arrangements in effect for trading the fund's investments.

At the conclusion of these discussions, the Board agreed that it had been furnished with sufficient information to make an informed business decision with respect to the renewal of the Agreement. Based on the discussions and considerations as described above, the Board concluded and determined as follows.

&nbsp;&nbsp;&nbsp;&nbsp;●The Board concluded that the nature, extent and quality of the services provided by the Adviser are satisfactory and appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;●The Board was generally satisfied with the fund's overall performance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●The Board concluded that the fee paid to the Adviser continued to be appropriate under the circumstances and in light of the factors and the totality of the services provided as discussed above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●The Board determined that the economies of scale which may accrue to the Adviser and its affiliates in connection with the management of the fund had been adequately considered by the Adviser in connection with the fee rate charged to the fund pursuant to the Agreement and that, to the extent in the future it were determined that material economies of scale had not been shared with the fund, the Board would seek to have those economies of scale shared with the fund.

In evaluating the Agreement, the Board considered these conclusions and determinations and also relied on its previous knowledge, gained through meetings and other interactions with the Adviser and its affiliates, of the Adviser and the services provided to the fund by the Adviser. The Board also relied on information received on a routine and regular basis throughout the year relating to the operations of the fund and the investment management and other services provided under the Agreement, including information on the

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investment performance of the fund in comparison to similar mutual funds and benchmark performance indices; general market outlook as applicable to the fund; and compliance reports. In addition, the Board's consideration of the contractual fee arrangements for the fund had the benefit of a number of years of reviews of the Agreement for the fund, or substantially similar agreements for other BNY funds that the Board oversees, during which lengthy discussions took place between the Board and representatives of the Adviser. Certain aspects of the arrangements may receive greater scrutiny in some years than in others, and the Board's conclusions may be based, in part, on its consideration of the fund's arrangements, or substantially similar arrangements for other BNY funds that the Board oversees, in prior years. The Board determined to renew the Agreement.

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Code-0077NCSRSA0426

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**Item 12.** **Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.**

Not applicable.

**Item 13.** **Portfolio Managers for Closed-End Management Investment Companies.**

Not applicable.

**Item 14.** **Purchases of Equity Securities By Closed-End Management Investment Companies and Affiliated Purchasers.** 

Not applicable.

**Item 15.** **Submission of Matters to a Vote of Security Holders.** 

There have been no materials changes to the procedures applicable to Item 15.

**Item 16.** **Controls and Procedures.**

&nbsp;&nbsp;&nbsp;&nbsp;(a) The Registrant's principal executive and principal financial officers have concluded, based on their
evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that
the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the
Registrant on Form N-CSR is recorded, processed, summarized and reported within the required time periods and that information required
to be disclosed by the Registrant in the reports that it files or submits on Form N-CSR is accumulated and communicated to the Registrant's
management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required
disclosure.

&nbsp;&nbsp;&nbsp;&nbsp;(b) There were no changes to the Registrant's internal control over financial reporting that occurred
during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant's
internal control over financial reporting.

**Item 17.** **Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.**

Not applicable.

**Item 18.** **Recovery of Erroneously Awarded Compensation.** 

Not applicable.

**Item 19.** **Exhibits.**

(a)(1) Not applicable. (a)(2) Not applicable.

&nbsp;&nbsp; (a)(3) [Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940](ex_99-302cert078.htm).<br> (a)(4) Not applicable.<br> (a)(5) Not applicable.<br> (b)&nbsp;&nbsp;&nbsp;&nbsp; [Certification of principal executive and principal financial officers as required by Rule 30a-2(b) under the Investment Company Act of 1940](ex_99-906cert078.htm).<br>

**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

BNY Mellon Index Funds, Inc.

By: /s/ David J. DiPetrillo

David J. DiPetrillo

President (Principal Executive Officer)

Date: June 22, 2026

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By: /s/ David J. DiPetrillo

David J. DiPetrillo

President (Principal Executive Officer)

Date: June 22, 2026

By: <u>/s/ James Windels</u>

James Windels

Treasurer (Principal Financial Officer)

Date: June 22, 2026

**EXHIBIT INDEX**

(a)(3) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940. (EX-99.CERT)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp; Certification of principal executive and principal financial officers as required by Rule 30a-2(b) under the Investment Company Act of 1940. (EX-99.906CERT)

## Ex-99.Cert

[EX-99.CERT]—Exhibit (a)(3)

**SECTION 302 CERTIFICATION**

I, David J. DiPetrillo, certify that:

1. I have reviewed this report on Form N-CSR of BNY Mellon Index Funds, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

By: <u>/s/ David J. DiPetrillo</u>

David J. DiPetrillo

President (Principal Executive Officer)

Date: June 22, 2026

**SECTION 302 CERTIFICATION**

I, James Windels, certify that:

1. I have reviewed this report on Form N-CSR of BNY Mellon Index Funds, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

By: <u>/s/ James Windels</u>

James Windels

Treasurer (Principal Financial Officer)

Date: June 22, 2026

## Exhibit 99.906

[EX-99.906CERT]

Exhibit (b)

**SECTION 906 CERTIFICATIONS**

In connection with this report on Form N-CSR for the Registrant as furnished to the Securities and Exchange Commission on the date hereof (the "Report"), the undersigned hereby certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as applicable; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

By: <u>/s/ David J. DiPetrillo</u>

David J. DiPetrillo

President (Principal Executive Officer)<br>

Date: June 22, 2026

By: <u>/s/ James Windels</u>

James Windels

Treasurer (Principal Financial Officer)

Date: June 22, 2026

*This certificate is furnished pursuant to the requirements of Form N-CSR and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934.*