# EDGAR Filing Document

**Accession Number:** 0000813383
**File Stem:** 0000940400-25-011103
**Filing Date:** 2025-11
**Character Count:** 62612
**Document Hash:** 2c7d6b901a21d1e1ab93d758b1f1a0a1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-011103.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000940400-25-011103

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BNY MELLON VARIABLE INVESTMENT FUND
- **CENTRAL INDEX KEY:** 0000813383

**ORGANIZATION NAME:**
- **EIN:** 133685668
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05125
- **FILM NUMBER:** 251529631

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS VARIABLE INVESTMENT FUND
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS VARIABLE LIFE INVESTMENT FUND
- **DATE OF NAME CHANGE:** 19890925

## Series and Classes Contracts Data

### Opportunistic Small Cap Portfolio (Series ID: S000001917)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000005060 | Opportunistic Small Cap Portfolio - Initial Shares |  |
| C000005061 | Opportunistic Small Cap Portfolio - Service Shares |  |

## Nport-Ex

Opportunistic Small Cap Portfolio

SCHEDULE OF INVESTMENTS

September 30, 2025 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Common Stocks — 93.2%** | **Common Stocks — 93.2%** | **Common Stocks — 93.2%** |
| **Automobiles & Components — .7%** | **Automobiles & Components — .7%** | **Automobiles & Components — .7%** |
| Visteon Corp. | 16811 | **2014966** |
| **Banks — 16.1%** | **Banks — 16.1%** | **Banks — 16.1%** |
| Banc of California, Inc. | 251415 | 4160918 |
| BankUnited, Inc. | 98179 | 3746511 |
| Columbia Banking System, Inc. | 163890 | 4218529 |
| First Busey Corp. | 190250 | 4404287 |
| First Horizon Corp. | 268046 | 6060520 |
| First Merchants Corp. | 82718 | 3118469 |
| Metropolitan Bank Holding Corp. | 23524 | 1760066 |
| Origin Bancorp, Inc. | 72558 | 2504702 |
| Seacoast Banking Corp. of Florida | 53577 | 1630348 |
| Simmons First National Corp., Cl. A | 188481 | 3613181 |
| SouthState Corp. | 23752 | 2348360 |
| Stellar Bancorp, Inc. | 67237 | 2039970 |
| Synovus Financial Corp. | 63783 | 3130470 |
| Texas Capital Bancshares, Inc.<sup>(a)</sup> <br>| 65713 | 5554720 |
|  |  | **48291051** |
| **Capital Goods — 11.4%** | **Capital Goods — 11.4%** | **Capital Goods — 11.4%** |
| Enerpac Tool Group Corp. | 70828 | 2903948 |
| EnerSys | 21087 | 2381988 |
| Enpro, Inc.<sup>(b)</sup> <br>| 12711 | 2872686 |
| Flowserve Corp. | 79327 | 4215437 |
| Fluor Corp.<sup>(a)</sup> <br>| 96895 | 4076373 |
| Gates Industrial Corp. PLC<sup>(a)</sup> <br>| 150387 | 3732605 |
| Hayward Holdings, Inc.<sup>(a)</sup> <br>| 185160 | 2799619 |
| Herc Holdings, Inc. | 14138 | 1649339 |
| Janus International Group, Inc.<sup>(a)</sup> <br>| 337777 | 3333859 |
| Matrix Service Co.<sup>(a)</sup> <br>| 130196 | 1702964 |
| MYR Group, Inc.<sup>(a)</sup> <br>| 12415 | 2582692 |
| NPK International, Inc.<sup>(a)</sup> <br>| 159680 | 1805981 |
|  |  | **34057491** |
| **Commercial & Professional Services — 2.5%** | **Commercial & Professional Services — 2.5%** | **Commercial & Professional Services — 2.5%** |
| ACV Auctions, Inc., Cl. A<sup>(a)</sup> <br>| 164547 | 1630661 |
| BlackSky Technology, Inc.<sup>(a),(b)</sup> <br>| 97210 | 1958782 |
| The Brink's Company | 34175 | 3993690 |
|  |  | **7583133** |
| **Consumer Discretionary Distribution & Retail — 1.5%** | **Consumer Discretionary Distribution & Retail — 1.5%** | **Consumer Discretionary Distribution & Retail — 1.5%** |
| Ollie's Bargain Outlet Holdings, Inc.<sup>(a)</sup> <br>| 23693 | 3042181 |
| Stitch Fix, Inc., Cl. A<sup>(a),(b)</sup> <br>| 321343 | 1397842 |
|  |  | **4440023** |
| **Consumer Durables & Apparel — 6.3%** | **Consumer Durables & Apparel — 6.3%** | **Consumer Durables & Apparel — 6.3%** |
| Cavco Industries, Inc.<sup>(a)</sup> <br>| 3436 | 1995388 |
| Figs, Inc., Cl. A<sup>(a)</sup> <br>| 343462 | 2297761 |
| Levi Strauss & Co., Cl. A | 107676 | 2508851 |
| Malibu Boats, Inc., Cl. A<sup>(a)</sup> <br>| 87732 | 2846903 |
| Meritage Homes Corp. | 37476 | 2714387 |
| Steven Madden Ltd.<sup>(b)</sup> <br>| 76056 | 2546355 |

---

**3**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Common Stocks — 93.2% (continued)** | **Common Stocks — 93.2% (continued)** | **Common Stocks — 93.2% (continued)** |
| **Consumer Durables & Apparel — 6.3% (continued)** | **Consumer Durables & Apparel — 6.3% (continued)** | **Consumer Durables & Apparel — 6.3% (continued)** |
| The Lovesac Company<sup>(a)</sup> <br>| 58991 | 998718 |
| YETI Holdings, Inc.<sup>(a),(b)</sup> <br>| 87774 | 2912341 |
|  |  | **18820704** |
| **Consumer Services — 4.5%** | **Consumer Services — 4.5%** | **Consumer Services — 4.5%** |
| First Watch Restaurant Group, Inc.<sup>(a),(b)</sup> <br>| 124723 | 1950668 |
| Genius Sports Ltd.<sup>(a)</sup> <br>| 474061 | 5868875 |
| Lindblad Expeditions Holdings, Inc.<sup>(a)</sup> <br>| 147300 | 1885440 |
| Perdoceo Education Corp. | 97388 | 3667632 |
|  |  | **13372615** |
| **Energy — 6.4%** | **Energy — 6.4%** | **Energy — 6.4%** |
| Cactus, Inc., Cl. A | 52833 | 2085319 |
| Centrus Energy Corp., Cl. A<sup>(a),(b)</sup> <br>| 4791 | 1485545 |
| CNX Resources Corp.<sup>(a),(b)</sup> <br>| 89779 | 2883702 |
| Crescent Energy Co., Cl. A | 428920 | 3825966 |
| Expro Group Holdings NV<sup>(a)</sup> <br>| 248865 | 2956516 |
| Liberty Energy, Inc. | 276541 | 3412516 |
| PBF Energy, Inc., Cl. A | 86487 | 2609313 |
|  |  | **19258877** |
| **Financial Services — 6.9%** | **Financial Services — 6.9%** | **Financial Services — 6.9%** |
| Marex Group PLC | 55356 | 1861069 |
| Moelis & Co., Cl. A | 42129 | 3004640 |
| PennyMac Financial Services, Inc. | 29227 | 3620641 |
| PJT Partners, Inc., Cl. A | 20715 | 3681677 |
| SLM Corp.<sup>(b)</sup> <br>| 86370 | 2390721 |
| Voya Financial, Inc. | 43535 | 3256418 |
| Walker & Dunlop, Inc. | 35087 | 2933975 |
|  |  | **20749141** |
| **Food, Beverage & Tobacco — 1.5%** | **Food, Beverage & Tobacco — 1.5%** | **Food, Beverage & Tobacco — 1.5%** |
| J & J Snack Foods Corp. | 23974 | 2303661 |
| Nomad Foods Ltd. | 166598 | 2190764 |
|  |  | **4494425** |
| **Health Care Equipment & Services — 5.2%** | **Health Care Equipment & Services — 5.2%** | **Health Care Equipment & Services — 5.2%** |
| Acadia Healthcare Co., Inc.<sup>(a),(b)</sup> <br>| 78418 | 1941630 |
| Addus HomeCare Corp.<sup>(a)</sup> <br>| 12476 | 1472043 |
| Certara, Inc.<sup>(a),(b)</sup> <br>| 140437 | 1716140 |
| Envista Holdings Corp.<sup>(a)</sup> <br>| 88216 | 1796960 |
| Evolent Health, Inc., Cl. A<sup>(a)</sup> <br>| 209203 | 1769857 |
| Privia Health Group, Inc.<sup>(a)</sup> <br>| 189101 | 4708615 |
| The Ensign Group, Inc. | 13348 | 2306134 |
|  |  | **15711379** |
| **Household & Personal Products — .7%** | **Household & Personal Products — .7%** | **Household & Personal Products — .7%** |
| Spectrum Brands Holdings, Inc. | 40239 | **2113755** |
| **Insurance — 1.0%** | **Insurance — 1.0%** | **Insurance — 1.0%** |
| The Baldwin Insurance Group, Inc.<sup>(a),(b)</sup> <br>| 105211 | **2968002** |
| **Materials — 4.5%** | **Materials — 4.5%** | **Materials — 4.5%** |
| Alamos Gold, Inc., Cl. A | 152665 | 5321902 |
| Alcoa Corp. | 73572 | 2419783 |
| Knife River Corp.<sup>(a),(b)</sup> <br>| 40644 | 3124304 |
| Methanex Corp. | 63532 | 2526033 |
|  |  | **13392022** |

---

**4**

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Common Stocks — 93.2% (continued)** | **Common Stocks — 93.2% (continued)** | **Common Stocks — 93.2% (continued)** |
| **Media & Entertainment — 3.0%** | **Media & Entertainment — 3.0%** | **Media & Entertainment — 3.0%** |
| John Wiley & Sons, Inc., Cl. A | 89881 | 3637484 |
| Magnite, Inc.<sup>(a),(b)</sup> <br>| 184368 | 4015535 |
| Starz Entertainment Corp.<sup>(a)</sup> <br>| 82620 | 1216993 |
|  |  | **8870012** |
| **Pharmaceuticals, Biotechnology & Life Sciences — 5.7%** | **Pharmaceuticals, Biotechnology & Life Sciences — 5.7%** | **Pharmaceuticals, Biotechnology & Life Sciences — 5.7%** |
| Alkermes PLC<sup>(a)</sup> <br>| 88227 | 2646810 |
| Insmed, Inc.<sup>(a)</sup> <br>| 42861 | 6172413 |
| KalVista Pharmaceuticals, Inc.<sup>(a)</sup> <br>| 136026 | 1656797 |
| Mirum Pharmaceuticals, Inc.<sup>(a)</sup> <br>| 36595 | 2682779 |
| Soleno Therapeutics, Inc.<sup>(a)</sup> <br>| 33486 | 2263654 |
| Syndax Pharmaceuticals, Inc.<sup>(a)</sup> <br>| 102217 | 1572608 |
|  |  | **16995061** |
| **Semiconductors & Semiconductor Equipment — 3.3%** | **Semiconductors & Semiconductor Equipment — 3.3%** | **Semiconductors & Semiconductor Equipment — 3.3%** |
| Cohu, Inc.<sup>(a)</sup> <br>| 120965 | 2459218 |
| Ichor Holdings Ltd.<sup>(a)</sup> <br>| 80927 | 1417841 |
| Synaptics, Inc.<sup>(a)</sup> <br>| 52850 | 3611769 |
| Ultra Clean Holdings, Inc.<sup>(a)</sup> <br>| 93970 | 2560683 |
|  |  | **10049511** |
| **Software & Services — 2.7%** | **Software & Services — 2.7%** | **Software & Services — 2.7%** |
| Blackbaud, Inc.<sup>(a)</sup> <br>| 27528 | 1770326 |
| Dolby Laboratories, Inc., Cl. A | 45912 | 3322650 |
| JFrog Ltd.<sup>(a)</sup> <br>| 64200 | 3038586 |
|  |  | **8131562** |
| **Technology Hardware & Equipment — 2.6%** | **Technology Hardware & Equipment — 2.6%** | **Technology Hardware & Equipment — 2.6%** |
| Belden, Inc. | 24733 | 2974638 |
| Lumentum Holdings, Inc.<sup>(a),(b)</sup> <br>| 9399 | 1529311 |
| Viavi Solutions, Inc.<sup>(a)</sup> <br>| 272626 | 3459624 |
|  |  | **7963573** |
| **Transportation — 3.1%** | **Transportation — 3.1%** | **Transportation — 3.1%** |
| SkyWest, Inc.<sup>(a)</sup> <br>| 48495 | 4879567 |
| Strata Critical Medical, Inc.<sup>(a)</sup> <br>| 293269 | 1483941 |
| Sun Country Airlines Holdings, Inc.<sup>(a)</sup> <br>| 259104 | 3060018 |
|  |  | **9423526** |
| **Utilities — 3.6%** | **Utilities — 3.6%** | **Utilities — 3.6%** |
| Clearway Energy, Inc., Cl. C | 150842 | 4261286 |
| MDU Resources Group, Inc. | 190828 | 3398647 |
| ONE Gas, Inc. | 40003 | 3237843 |
|  |  | **10897776** |
| &nbsp;&nbsp;&nbsp; **Total Common Stocks** <br>(cost $231,275,177)<br>|  | **279598605** |
| **Exchange-Traded Funds — 2.5%** | **Exchange-Traded Funds — 2.5%** | **Exchange-Traded Funds — 2.5%** |
| **Registered Investment Companies — 2.5%** | **Registered Investment Companies — 2.5%** | **Registered Investment Companies — 2.5%** |
| &nbsp;&nbsp;&nbsp; iShares Russell 2000 ETF<sup>(b)</sup> <br>(cost $5,551,639)<br>| 30837 | **7461321** |

---

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

---

| | | |
|:---|:---|:---|
|  | 1-Day <br>Yield (%)<br>|  |
| **Investment Companies — 4.3%** | **Investment Companies — 4.3%** | **Investment Companies — 4.3%** |
| **Registered Investment Companies — 4.3%** | **Registered Investment Companies — 4.3%** | **Registered Investment Companies — 4.3%** |
| &nbsp;&nbsp;&nbsp; Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional <br> Shares<sup>(c)</sup> <br>(cost $12,959,677)<br>| 4.28 | 12959677 |

---

**5**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | |
|:---|:---|:---|:---|
| Description | 1-Day<br> Yield (%)<br>| Shares | Value ($) |
| **Investment of Cash Collateral for Securities Loaned — 1.5%** |  |  |  |
| **Registered Investment Companies — 1.5%** |  |  |  |
| &nbsp;&nbsp;&nbsp; Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional <br> Shares<sup>(c)</sup> <br>(cost $4,358,860)<br>| 4.28 | 4358860 | **4358860** |
| **Total Investments** (cost $254,145,353) | **Total Investments** (cost $254,145,353) | **101.5%** | **304378463** |
| **Liabilities, Less Cash and Receivables** | **Liabilities, Less Cash and Receivables** | **(1.5%)** | **(4468451)** |
| **Net Assets**  | **Net Assets**  | **100.0%** | **299910012** |

---

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

*ETF—Exchange-Traded Fund*<br>

&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 September 30, 2025, the value of the fund's securities on loan was $29,108,061 and the value of the collateral was* *$29,611,898, consisting of cash collateral of $4,358,860 and U.S. Government & Agency securities valued at $25,253,038. In addition, the value of* *collateral may include pending sales that are also on loan.* 

<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.* 

*See notes to schedule of investments.*

**6**

------

Schedule of Investments

Opportunistic Small Cap Portfolio

September 30, 2025 (Unaudited)

The following is a summary of the inputs used as of September 30, 2025 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> <br>|  |  |  |  |
| Equity Securities - Common Stocks | &nbsp;&nbsp; 279598605 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; **279598605** |
| Exchange-Traded Funds | &nbsp;&nbsp;&nbsp;&nbsp; 7461321 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; **7461321** |
| Investment Companies | &nbsp;&nbsp;&nbsp; 17318537 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; **17318537** |
|  | &nbsp;&nbsp; **304378463** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **304378463** |

---

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

<sup>†</sup> *See Schedule of Investments for additional detailed categorizations, if any.*

**7**

------

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

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund's investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

**Level 1**—unadjusted quoted prices in active markets for identical investments.

**Level 2**—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

**Level 3**—significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund's investments are as follows:

The Trust's Board of Trustees (the "Board") has designated the Adviser as the fund's valuation designee to make all fair value determinations with respect to the fund's portfolio investments, subject to the Board's oversight and pursuant to Rule 2a-5 under the Act.

Investments in equity securities and exchange-traded funds are valued at the last sales price on the securities exchange or national securities market on which such securities are primarily traded. Securities listed on the National Market System for which market quotations are available are valued at the official closing price or, if there is no official closing price that day, at the last sales price. For open short positions, asked prices are used for valuation purposes. Bid price is used when no asked price is available. Registered investment companies that are not traded on an exchange are valued at their net asset value. All of the preceding securities are generally categorized within Level 1 of the fair value hierarchy.

Securities not listed on an exchange or the national securities market, or securities for which there were no transactions, are valued at the average of the most recent bid and asked prices. These securities are generally categorized within Level 2 of the fair value hierarchy.

Fair valuing of securities may be determined with the assistance of a pricing service using calculations based on indices of domestic securities and other appropriate indicators, such as prices of relevant American Depositary Receipts and futures. Utilizing these techniques may result in transfers between Level 1 and Level 2 of the fair value hierarchy.

When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

For securities where observable inputs are limited, assumptions about market activity and risk are used and such securities are generally categorized within Level 3 of the fair value hierarchy.

**8**

------

Pursuant to a securities lending agreement with BNY, the fund may lend securities to qualified institutions. It is the fund's policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral equivalent to at least 100% of the market value of securities on loan is maintained at all times. Collateral is either in the form of cash, which can be invested in certain money market mutual funds managed by the Adviser, or U.S. Government and Agency securities. The securities on loan, if any, are also disclosed in the fund's Schedule of Investments. The fund is entitled to receive all dividends, interest and distributions on securities loaned, in addition to income earned as a result of the lending transaction. Should a borrower fail to return the securities in a timely manner, BNY is required to replace the securities for the benefit of the fund or credit the fund with the market value of the unreturned securities and is subrogated to the fund's rights against the borrower and the collateral. Additionally, the contractual maturity of security lending transactions are on an overnight and continuous basis.

At September 30, 2025, accumulated net unrealized appreciation on investments was $50,233,110, consisting of $66,308,418 gross unrealized appreciation and $16,075,308 gross unrealized depreciation.

At September 30, 2025, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Schedule of Investments).

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.

**9**

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** BNY MELLON VARIABLE INVESTMENT FUND

- **b. Investment Company Act file number:** 811-05125

- **c. CIK number of Registrant:** 0000813383

- **d. LEI of Registrant:** 549300WX7KVU2RWH5052

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 240 Greenwich Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10286

  - **Telephone number:** 212-922-6400

**Item A.2. Information about the Series.**

- **a. Name of Series:** Opportunistic Small Cap Portfolio

- **b. EDGAR series identifier (if any):** S000001917

- **c. LEI of Series:** 549300TEH236R8B40T45

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $304609331.11

**Total Liabilities:** $4645535.24

**Net Assets:** $299963795.87

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000005061 | 0.65%                | 5.83%                | -0.91%               |
| Class ID C000005060 | 0.68%                | 5.84%                | -0.89%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $9767816.39              | $-7788684.88                               |
| Month 2  | $2223932.92              | $14418125.92                               |
| Month 3  | $7842382.38              | $-10862982.75                              |

### Schedule of Portfolio Investments

| Name                                                              | Title                                                             | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Synaptics Inc                                                     | Synaptics Inc                                                     | CUSIP: 87157D109<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | EC               | CORP              | US        |     52850 | NS      | $3611769.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares Inc                                      | Texas Capital Bancshares Inc                                      | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     65713 | NS      | $5554719.89   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| ACV Auctions Inc                                                  | ACV Auctions Inc                                                  | CUSIP: 00091G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    164547 | NS      | $1630660.77   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Malibu Boats Inc                                                  | Malibu Boats Inc                                                  | CUSIP: 56117J100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     87732 | NS      | $2846903.40   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corp                                             | Envista Holdings Corp                                             | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |     88216 | NS      | $1796959.92   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| DREYFUS INSTITUTIONAL PREFERRED GOVERNMENT PLUS MONEY MARKET FUND | DREYFUS INSTITUTIONAL PREFERRED GOVERNMENT PLUS MONEY MARKET FUND | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   4358858 | NS      | $4358858.37   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc                                                    | BankUnited Inc                                                    | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |     98179 | NS      | $3746510.64   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Perdoceo Education Corp                                           | Perdoceo Education Corp                                           | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |     97388 | NS      | $3667632.08   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnite Inc                                                       | Magnite Inc                                                       | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |    184368 | NS      | $4015535.04   | 1.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Lindblad Expeditions Holdings                                     | Lindblad Expeditions Holdings Inc                                 | CUSIP: 535219109<br>LEI: 549300GSPW24GZE6R597 | Long             | EC               | CORP              | US        |    147300 | NS      | $1885440.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Syndax Pharmaceuticals Inc                                        | Syndax Pharmaceuticals Inc                                        | CUSIP: 87164F105<br>LEI: 529900OF94TRHKZVBS87 | Long             | EC               | CORP              | US        |    102217 | NS      | $1572608.55   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT Partners Inc                                                  | PJT Partners Inc                                                  | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |     20715 | NS      | $3681676.95   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Co                                                       | Moelis & Co                                                       | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |     42129 | NS      | $3004640.28   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Financial Services In                                    | PennyMac Financial Services Inc                                   | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Long             | EC               | CORP              | US        |     29227 | NS      | $3620640.76   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Methanex Corp                                                     | Methanex Corp                                                     | CUSIP: 59151K108<br>LEI: 549300TSJHRXT9QXRD13 | Long             | EC               | CORP              | CA        |     63532 | NS      | $2526032.32   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes PLC                                                      | Alkermes PLC                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     88227 | NS      | $2646810.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc/The                                              | Ensign Group Inc/The                                              | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     13348 | NS      | $2306133.96   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Co Inc                                          | Acadia Healthcare Co Inc                                          | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |     78418 | NS      | $1941629.68   | 0.65%             |  |  |  | No            |                  1 | On Loan: —       |
| Alcoa Corp                                                        | Alcoa Corp                                                        | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |     73572 | NS      | $2419783.08   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Privia Health Group Inc                                           | Privia Health Group Inc                                           | CUSIP: 74276R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    189101 | NS      | $4708614.90   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus International Group Inc                                     | Janus International Group Inc                                     | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    337777 | NS      | $3333858.99   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| J & J Snack Foods Corp                                            | J & J Snack Foods Corp                                            | CUSIP: 466032109<br>LEI: 894500IGP1Y2ZQFQMJ83 | Long             | EC               | CORP              | US        |     23974 | NS      | $2303661.66   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Strata Critical Medical Inc                                       | Strata Critical Medical Inc                                       | CUSIP: 092667104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    293269 | NS      | $1483941.14   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group Inc                                           | MDU Resources Group Inc                                           | CUSIP: 552690109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    190828 | NS      | $3398646.68   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Metropolitan Bank Holding Corp                                    | Metropolitan Bank Holding Corp                                    | CUSIP: 591774104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23524 | NS      | $1760065.68   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Soleno Therapeutics Inc                                           | Soleno Therapeutics Inc                                           | CUSIP: 834203309<br>LEI: 5493003LCY77N7FXK844 | Long             | EC               | CORP              | US        |     33486 | NS      | $2263653.60   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp                                                          | SLM Corp                                                          | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     86370 | NS      | $2390721.60   | 0.80%             |  |  |  | No            |                  1 | On Loan: —       |
| NPK International Inc                                             | NPK International Inc                                             | CUSIP: 651718504<br>LEI: 54930073OHWDQW4DJN26 | Long             | EC               | CORP              | US        |    159680 | NS      | $1805980.80   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy Inc                                                    | PBF Energy Inc                                                    | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |     86487 | NS      | $2609312.79   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Baldwin Insurance Group Inc/Th                                    | Baldwin Insurance Group Inc/The                                   | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    105211 | NS      | $2968002.31   | 0.99%             |  |  |  | No            |                  1 | On Loan: —       |
| DREYFUS INSTITUTIONAL PREFERRE                                    | DREYFUS INSTITUTIONAL PREFERRED GOVERNMENT PLUS MONEY MARKET FUND | CUSIP: 000000000<br>LEI: 549300RBWL04JG8SIX57 | Long             | STIV             | RF                | US        |  12959677 | NS      | $12959676.52  | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corp                                                | CNX Resources Corp                                                | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |     89779 | NS      | $2883701.48   | 0.96%             |  |  |  | No            |                  1 | On Loan: —       |
| Sun Country Airlines Holdings                                     | Sun Country Airlines Holdings Inc                                 | CUSIP: 866683105<br>LEI: 549300MOHOJN9GH0NJ48 | Long             | EC               | CORP              | US        |    259104 | NS      | $3060018.24   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohu Inc                                                          | Cohu Inc                                                          | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |    120965 | NS      | $2459218.45   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                                                           | EnerSys                                                           | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |     21087 | NS      | $2381987.52   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Stellar Bancorp Inc                                               | Stellar Bancorp Inc                                               | CUSIP: 858927106<br>LEI: 54930070P8Z0WHFBB536 | Long             | EC               | CORP              | US        |     67237 | NS      | $2039970.58   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| SkyWest Inc                                                       | SkyWest Inc                                                       | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |     48495 | NS      | $4879566.90   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc                                                        | Belden Inc                                                        | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |     24733 | NS      | $2974637.91   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollie's Bargain Outlet Holding                                    | Ollie's Bargain Outlet Holdings Inc                               | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |     23693 | NS      | $3042181.20   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI Holdings Inc                                                 | YETI Holdings Inc                                                 | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     87774 | NS      | $2912341.32   | 0.97%             |  |  |  | No            |                  1 | On Loan: —       |
| Origin Bancorp Inc                                                | Origin Bancorp Inc                                                | CUSIP: 68621T102<br>LEI: 54930055DO2Z4KO3NB45 | Long             | EC               | CORP              | US        |     72558 | NS      | $2504702.16   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Spectrum Brands Holdings Inc                                      | Spectrum Brands Holdings Inc                                      | CUSIP: 84790A105<br>LEI: 549300JM0MJETDD30O20 | Long             | EC               | CORP              | US        |     40239 | NS      | $2113754.67   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHSTATE BANK CORP                                              | SOUTHSTATE BANK CORP                                              | CUSIP: 84472E102<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     23752 | NS      | $2348360.24   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Matrix Service Co                                                 | Matrix Service Co                                                 | CUSIP: 576853105<br>LEI: 529900VYBKSX6HD2YW58 | Long             | EC               | CORP              | US        |    130196 | NS      | $1702963.68   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| First Busey Corp                                                  | First Busey Corp                                                  | CUSIP: 319383204<br>LEI: 549300X4ZNLYSX7GUY60 | Long             | EC               | CORP              | US        |    190250 | NS      | $4404287.50   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultra Clean Holdings Inc                                          | Ultra Clean Holdings Inc                                          | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |     93970 | NS      | $2560682.50   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc                                                 | Herc Holdings Inc                                                 | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |     14138 | NS      | $1649339.08   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corp                                                | First Horizon Corp                                                | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |    268046 | NS      | $6060520.06   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Walker & Dunlop Inc                                               | Walker & Dunlop Inc                                               | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35087 | NS      | $2933974.94   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolent Health Inc                                                | Evolent Health Inc                                                | CUSIP: 30050B101<br>LEI: 549300CZOCFHQ2BBTR11 | Long             | EC               | CORP              | US        |    209203 | NS      | $1769857.38   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Marex Group PLC                                                   | Marex Group PLC                                                   | CUSIP: 000000000<br>LEI: 549300DWX0SVICJAL507 | Long             | EC               | CORP              | GB        |     55356 | NS      | $1861068.72   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| John Wiley & Sons Inc                                             | John Wiley & Sons Inc                                             | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |     89881 | NS      | $3637484.07   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Certara Inc                                                       | Certara Inc                                                       | CUSIP: 15687V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    140437 | NS      | $1716140.14   | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| Lovesac Co/The                                                    | Lovesac Co/The                                                    | CUSIP: 54738L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58991 | NS      | $998717.63    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 ETF                                          | iShares Russell 2000 ETF                                          | CUSIP: 464287655<br>LEI: 549300O80OAR5VTWR172 | Long             | EC               | RF                | US        |     30837 | NS      | $7461320.52   | 2.49%             |  |  |  | No            |                  1 | On Loan: —       |
| JFrog Ltd                                                         | JFrog Ltd                                                         | CUSIP: 000000000<br>LEI: 2549002N8E00AY49G567 | Long             | EC               | CORP              | US        |     64200 | NS      | $3038586.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                                                    | Flowserve Corp                                                    | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     79327 | NS      | $4215436.78   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corp                                                        | Fluor Corp                                                        | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |     96895 | NS      | $4076372.65   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Enerpac Tool Group Corp                                           | Enerpac Tool Group Corp                                           | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |     70828 | NS      | $2903948.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc                                                   | Alamos Gold Inc                                                   | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |    152665 | NS      | $5321901.90   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corp                                                      | Visteon Corp                                                      | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |     16811 | NS      | $2014966.46   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrus Energy Corp                                               | Centrus Energy Corp                                               | CUSIP: 15643U104<br>LEI: 549300G6VDK9G8276661 | Long             | EC               | CORP              | US        |      4791 | NS      | $1485545.37   | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| Lumentum Holdings Inc                                             | Lumentum Holdings Inc                                             | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |      9399 | NS      | $1529311.29   | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| BlackSky Technology Inc                                           | BlackSky Technology Inc                                           | CUSIP: 09263B207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     97210 | NS      | $1958781.50   | 0.65%             |  |  |  | No            |                  1 | On Loan: —       |
| Blackbaud Inc                                                     | Blackbaud Inc                                                     | CUSIP: 09227Q100<br>LEI: 54930056X3HKFMNG3754 | Long             | EC               | CORP              | US        |     27528 | NS      | $1770325.68   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Viavi Solutions Inc                                               | Viavi Solutions Inc                                               | CUSIP: 925550105<br>LEI: 5493006K3E3N1QOBF092 | Long             | EC               | CORP              | US        |    272626 | NS      | $3459623.94   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Starz Entertainment Corp                                          | Starz Entertainment Corp                                          | CUSIP: 855919106<br>LEI: 5493000JSMHPHZURLM72 | Long             | EC               | CORP              | US        |     82620 | NS      | $1216992.60   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| First Watch Restaurant Group I                                    | First Watch Restaurant Group Inc                                  | CUSIP: 33748L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    124723 | NS      | $1950667.72   | 0.65%             |  |  |  | No            |                  1 | On Loan: —       |
| Seacoast Banking Corp of Flori                                    | Seacoast Banking Corp of Florida                                  | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |     53577 | NS      | $1630348.11   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| KalVista Pharmaceuticals Inc                                      | KalVista Pharmaceuticals Inc                                      | CUSIP: 483497103<br>LEI: 529900Q7IDA3WUGRZA51 | Long             | EC               | CORP              | US        |    136026 | NS      | $1656796.68   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Figs Inc                                                          | Figs Inc                                                          | CUSIP: 30260D103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    343462 | NS      | $2297760.78   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries Inc                                              | Cavco Industries Inc                                              | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3436 | NS      | $1995388.28   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp                                            | Synovus Financial Corp                                            | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |     63783 | NS      | $3130469.64   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                                                        | Cactus Inc                                                        | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |     52833 | NS      | $2085318.51   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                                                | Voya Financial Inc                                                | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |     43535 | NS      | $3256418.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Brink's Co/The                                                    | Brink's Co/The                                                    | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |     34175 | NS      | $3993690.50   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Stitch Fix Inc                                                    | Stitch Fix Inc                                                    | CUSIP: 860897107<br>LEI: 549300TNHOVBOJZIYE72 | Long             | EC               | CORP              | US        |    321343 | NS      | $1397842.05   | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| ONE Gas Inc                                                       | ONE Gas Inc                                                       | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     40003 | NS      | $3237842.82   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomad Foods Ltd                                                   | Nomad Foods Ltd                                                   | CUSIP: 000000000<br>LEI: 5493000ZZ1837DS2SI43 | Long             | EC               | CORP              | GB        |    166598 | NS      | $2190763.70   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group Inc                                                     | MYR Group Inc                                                     | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |     12415 | NS      | $2582692.45   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Genius Sports Ltd                                                 | Genius Sports Ltd                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |    474061 | NS      | $5868875.18   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp                                                  | Knife River Corp                                                  | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40644 | NS      | $3124304.28   | 1.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Crescent Energy Co                                                | Crescent Energy Co                                                | CUSIP: 44952J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    428920 | NS      | $3825966.40   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                                                        | Insmed Inc                                                        | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |     42861 | NS      | $6172412.61   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                                               | Meritage Homes Corp                                               | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |     37476 | NS      | $2714386.68   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Levi Strauss & Co                                                 | Levi Strauss & Co                                                 | CUSIP: 52736R102<br>LEI: MB0UERO0RDFKU8258G77 | Long             | EC               | CORP              | US        |    107676 | NS      | $2508850.80   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Hayward Holdings Inc                                              | Hayward Holdings Inc                                              | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    185160 | NS      | $2799619.20   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Dolby Laboratories Inc                                            | Dolby Laboratories Inc                                            | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |     45912 | NS      | $3322651.44   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Expro Group Holdings NV                                           | Expro Group Holdings NV                                           | CUSIP: 000000000<br>LEI: 724500LJYA8QIT73H017 | Long             | EC               | CORP              | US        |    248865 | NS      | $2956516.20   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirum Pharmaceuticals Inc                                         | Mirum Pharmaceuticals Inc                                         | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               | CORP              | US        |     36595 | NS      | $2682779.45   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Enpro Inc                                                         | Enpro Inc                                                         | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |     12711 | NS      | $2872686.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: —       |
| Steven Madden Ltd                                                 | Steven Madden Ltd                                                 | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     76056 | NS      | $2546354.88   | 0.85%             |  |  |  | No            |                  1 | On Loan: —       |
| Banc of California Inc                                            | Banc of California Inc                                            | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |    251415 | NS      | $4160918.25   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corp                                               | Addus HomeCare Corp                                               | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |     12476 | NS      | $1472043.24   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC                                         | Gates Industrial Corp PLC                                         | CUSIP: 000000000<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | US        |    150387 | NS      | $3732605.34   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Simmons First National Corp                                       | Simmons First National Corp                                       | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |    188481 | NS      | $3613180.77   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc                                       | Columbia Banking System Inc                                       | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    163890 | NS      | $4218528.60   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| First Merchants Corp                                              | First Merchants Corp                                              | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |     82718 | NS      | $3118468.60   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc                                               | Clearway Energy Inc                                               | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |    150842 | NS      | $4261286.50   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                                                | Liberty Energy Inc                                                | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    276541 | NS      | $3412515.94   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichor Holdings Ltd                                                | Ichor Holdings Ltd                                                | CUSIP: 000000000<br>LEI: 529900PS8R2JVLJ2H892 | Long             | EC               | CORP              | US        |     80927 | NS      | $1417841.04   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-25

**Name of Applicant:** BNY MELLON VARIABLE INVESTMENT FUND

**Signature:** James Windels

**Name of Signer:** James Windels

**Title:** Treasurer