# EDGAR Filing Document

**Accession Number:** 0000914775
**File Stem:** 0001752724-25-182044
**Filing Date:** 2025-7
**Character Count:** 49544
**Document Hash:** f7e45e5c29164b81525c49ed89c96fe9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-182044.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001752724-25-182044

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BNY Mellon Advantage Funds, Inc.
- **CENTRAL INDEX KEY:** 0000914775

**ORGANIZATION NAME:**
- **EIN:** 133851784
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07123
- **FILM NUMBER:** 251159712

**BUSINESS ADDRESS:**
- **STREET 1:** BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286
- **BUSINESS PHONE:** 212-922-6400

**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:** Advantage Funds, Inc.
- **DATE OF NAME CHANGE:** 20060502

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS GROWTH & VALUE FUNDS INC
- **DATE OF NAME CHANGE:** 19951004

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS FOCUS FUNDS INC
- **DATE OF NAME CHANGE:** 19940304

## Series and Classes Contracts Data

### BNY Mellon Opportunistic Midcap Value Fund (Series ID: S000000461)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000001288 | Class A      | DMCVX           |
| C000064720 | Class C      | DVLCX           |
| C000064721 | Class I      | DVLIX           |
| C000130426 | Class Y      | DMCYX           |

## Nport-Ex

BNY Mellon Opportunistic Midcap Value Fund

STATEMENT OF INVESTMENTS

May 31, 2025 (Unaudited)

&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; <br>

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Common Stocks — 96.4%** | **Common Stocks — 96.4%** | **Common Stocks — 96.4%** |
| **Banks — 2.9%** | **Banks — 2.9%** | **Banks — 2.9%** |
| First Horizon Corp. | 402637 | 8004424 |
| Popular, Inc. | 27876 | 2886002 |
|  |  | **10890426** |
| **Capital Goods — 10.9%** | **Capital Goods — 10.9%** | **Capital Goods — 10.9%** |
| AECOM | 45625 | 5011907 |
| Ferguson Enterprises, Inc. | 26114 | 4761627 |
| FTAI Aviation Ltd. <sup>(a)</sup> <br>| 24428 | 2861740 |
| GE Vernova, Inc. | 11775 | 5569339 |
| Hubbell, Inc. | 10403 | 4052801 |
| Johnson Controls International PLC | 109932 | 11143807 |
| Quanta Services, Inc. | 21736 | 7445884 |
|  |  | **40847105** |
| **Commercial & Professional Services — 6.2%** | **Commercial & Professional Services — 6.2%** | **Commercial & Professional Services — 6.2%** |
| CACI International, Inc., Cl. A <sup>(b)</sup> <br>| 10829 | 4634812 |
| Clean Harbors, Inc. <sup>(b)</sup> <br>| 25150 | 5703769 |
| Equifax, Inc. | 27564 | 7282133 |
| Waste Connections, Inc. | 29638 | 5841353 |
|  |  | **23462067** |
| **Consumer Discretionary Distribution & Retail — 3.7%** | **Consumer Discretionary Distribution & Retail — 3.7%** | **Consumer Discretionary Distribution & Retail — 3.7%** |
| Burlington Stores, Inc. <sup>(b)</sup> <br>| 19720 | 4501484 |
| The Gap, Inc. | 182037 | 4061246 |
| Ulta Beauty, Inc. <sup>(b)</sup> <br>| 11616 | 5476479 |
|  |  | **14039209** |
| **Consumer Durables & Apparel — 2.7%** | **Consumer Durables & Apparel — 2.7%** | **Consumer Durables & Apparel — 2.7%** |
| Hasbro, Inc. | 56692 | 3781923 |
| Skechers USA, Inc., Cl. A <sup>(b)</sup> <br>| 100251 | 6219572 |
|  |  | **10001495** |
| **Consumer Services — 5.2%** | **Consumer Services — 5.2%** | **Consumer Services — 5.2%** |
| Aramark | 108592 | 4397976 |
| Expedia Group, Inc. | 33212 | 5538101 |
| Grand Canyon Education, Inc. <sup>(b)</sup> <br>| 27313 | 5403741 |
| Las Vegas Sands Corp. | 106808 | 4396217 |
|  |  | **19736035** |
| **Energy — 4.9%** | **Energy — 4.9%** | **Energy — 4.9%** |
| Antero Resources Corp. <sup>(b)</sup> <br>| 168024 | 6292499 |
| Diamondback Energy, Inc. | 32692 | 4398709 |
| NOV, Inc. | 225355 | 2704260 |
| Valero Energy Corp. | 40191 | 5183433 |
|  |  | **18578901** |
| **Equity Real Estate Investment Trusts — 6.2%** | **Equity Real Estate Investment Trusts — 6.2%** | **Equity Real Estate Investment Trusts — 6.2%** |
| Digital Realty Trust, Inc. <sup>(c)</sup> <br>| 44550 | 7641216 |
| Federal Realty Investment Trust <sup>(c)</sup> <br>| 39379 | 3759907 |
| Healthpeak Properties, Inc. <sup>(c)</sup> <br>| 354461 | 6171166 |
| Weyerhaeuser Co. <sup>(c)</sup> <br>| 228497 | 5920357 |
|  |  | **23492646** |
| **Financial Services — 9.8%** | **Financial Services — 9.8%** | **Financial Services — 9.8%** |
| Block, Inc. <sup>(b)</sup> <br>| 101488 | 6266884 |
| Fidelity National Information Services, Inc. | 68558 | 5457902 |

---

**3**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Common Stocks — 96.4% (continued)** | **Common Stocks — 96.4% (continued)** | **Common Stocks — 96.4% (continued)** |
| **Financial Services — 9.8% (continued)** | **Financial Services — 9.8% (continued)** | **Financial Services — 9.8% (continued)** |
| LPL Financial Holdings, Inc. | 19648 | 7606920 |
| Rocket Cos., Inc., Cl. A <sup>(a)</sup> <br>| 437293 | 5575486 |
| SLM Corp. | 186249 | 6028880 |
| Voya Financial, Inc. | 91086 | 6059041 |
|  |  | **36995113** |
| **Food, Beverage & Tobacco — 2.0%** | **Food, Beverage & Tobacco — 2.0%** | **Food, Beverage & Tobacco — 2.0%** |
| Molson Coors Beverage Co., Cl. B | 105044 | 5629308 |
| Tyson Foods, Inc., Cl. A | 33185 | 1863669 |
|  |  | **7492977** |
| **Health Care Equipment & Services — 7.8%** | **Health Care Equipment & Services — 7.8%** | **Health Care Equipment & Services — 7.8%** |
| Baxter International, Inc. | 208175 | 6349338 |
| Centene Corp. <sup>(b)</sup> <br>| 69585 | 3927377 |
| Encompass Health Corp. | 72391 | 8752072 |
| Globus Medical, Inc., Cl. A <sup>(b)</sup> <br>| 84690 | 5011954 |
| Labcorp Holdings, Inc. | 21144 | 5264222 |
|  |  | **29304963** |
| **Household & Personal Products — 2.2%** | **Household & Personal Products — 2.2%** | **Household & Personal Products — 2.2%** |
| Kenvue, Inc. | 343372 | **8196290** |
| **Insurance — 5.5%** | **Insurance — 5.5%** | **Insurance — 5.5%** |
| Assurant, Inc. | 38507 | 7816151 |
| Reinsurance Group of America, Inc. | 23370 | 4750887 |
| RenaissanceRe Holdings Ltd. | 32019 | 7986179 |
|  |  | **20553217** |
| **Materials — 9.1%** | **Materials — 9.1%** | **Materials — 9.1%** |
| CF Industries Holdings, Inc. | 43222 | 3920668 |
| CRH PLC | 66892 | 6097875 |
| Crown Holdings, Inc. | 58358 | 5748263 |
| Freeport-McMoRan, Inc. | 130088 | 5005786 |
| International Paper Co. | 119266 | 5702107 |
| Newmont Corp. | 148632 | 7835879 |
|  |  | **34310578** |
| **Media & Entertainment — 2.3%** | **Media & Entertainment — 2.3%** | **Media & Entertainment — 2.3%** |
| Omnicom Group, Inc. <sup>(a)</sup> <br>| 60790 | 4464418 |
| Pinterest, Inc., Cl. A <sup>(b)</sup> <br>| 136476 | 4245768 |
|  |  | **8710186** |
| **Pharmaceuticals, Biotechnology & Life Sciences — .8%** | **Pharmaceuticals, Biotechnology & Life Sciences — .8%** | **Pharmaceuticals, Biotechnology & Life Sciences — .8%** |
| BioNTech SE, ADR <sup>(b)</sup> <br>| 31945 | **3060650** |
| **Semiconductors & Semiconductor Equipment — 1.3%** | **Semiconductors & Semiconductor Equipment — 1.3%** | **Semiconductors & Semiconductor Equipment — 1.3%** |
| Rambus, Inc. <sup>(b)</sup> <br>| 89087 | **4763482** |
| **Software & Services — 4.2%** | **Software & Services — 4.2%** | **Software & Services — 4.2%** |
| Akamai Technologies, Inc. <sup>(b)</sup> <br>| 37149 | 2820724 |
| Cognizant Technology Solutions Corp., Cl. A | 70443 | 5705178 |
| Dolby Laboratories, Inc., Cl. A | 97741 | 7258247 |
|  |  | **15784149** |
| **Transportation — 2.4%** | **Transportation — 2.4%** | **Transportation — 2.4%** |
| Knight-Swift Transportation Holdings, Inc. | 95409 | 4228527 |
| Norfolk Southern Corp. | 19318 | 4773864 |
|  |  | **9002391** |
| **Utilities — 6.3%** | **Utilities — 6.3%** | **Utilities — 6.3%** |
| Constellation Energy Corp. | 22532 | 6898172 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Common Stocks — 96.4% (continued)** | **Common Stocks — 96.4% (continued)** | **Common Stocks — 96.4% (continued)** |
| **Utilities — 6.3% (continued)** | **Utilities — 6.3% (continued)** | **Utilities — 6.3% (continued)** |
| Dominion Energy, Inc. | 144953 | 8214487 |
| Exelon Corp. | 192115 | 8418479 |
|  |  | **23531138** |
| &nbsp;&nbsp;&nbsp; **Total Common Stocks** <br>(cost $291,284,995)<br>|  | **362753018** |
| **Private Equity — .8%** | **Private Equity — .8%** | **Private Equity — .8%** |
| **Software & Services — .8%** | **Software & Services — .8%** | **Software & Services — .8%** |
| Databricks, Inc., Ser. H <sup>(b),(d)</sup> <br>| 32643 | 2726996 |
| Databricks, Inc., Ser. I <sup>(b),(d)</sup> <br>| 2689 | 224639 |
| &nbsp;&nbsp;&nbsp; **Total Private Equity** <br>(cost $2,596,384)<br>|  | **2951635** |

---

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

---

| | | | |
|:---|:---|:---|:---|
|  | 1-Day <br>Yield (%)<br>|  |  |
| **Investment Companies — 2.5%** | **Investment Companies — 2.5%** | **Investment Companies — 2.5%** | **Investment Companies — 2.5%** |
| **Registered Investment Companies — 2.5%** | **Registered Investment Companies — 2.5%** | **Registered Investment Companies — 2.5%** | **Registered Investment Companies — 2.5%** |
| &nbsp;&nbsp;&nbsp; Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares<sup>(e)</sup> <br>(cost $9,223,582)<br>| 4.42 | 9223582 | **9223582** |
| **Investment of Cash Collateral for Securities Loaned — 1.7%** |  |  |  |
| **Registered Investment Companies — 1.7%** |  |  |  |
| &nbsp;&nbsp;&nbsp; Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares<sup>(e)</sup> <br>(cost $6,527,018)<br>| 4.42 | 6527018 | **6527018** |
| **Total Investments** (cost $309,631,979) | **Total Investments** (cost $309,631,979) | **101.4%** | **381455253** |
| **Liabilities, Less Cash and Receivables** | **Liabilities, Less Cash and Receivables** | **(1.4%)** | **(5104859)** |
| **Net Assets**  | **Net Assets**  | **100.0%** | **376350394** |

---

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

*ADR—American Depositary Receipt*<br>

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

<sup>(a)</sup> *Security, or portion thereof, on loan. At May 31, 2025, the value of the fund's securities on loan was $9,089,519 and the value of the collateral was* *$9,460,150, consisting of cash collateral of $6,527,018 and U.S. Government & Agency securities valued at $2,933,132. 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> *Investment in real estate investment trust within the United States.*

<sup>(d)</sup> *The fund held Level 3 securities at May 31, 2025. These securities were valued at $2,951,635 or .8% 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.* 

*See notes to statement of investments.*

**5**

------

Statement of Investments

BNY Mellon Opportunistic Midcap Value Fund

&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; <br>May 31, 2025 (Unaudited)

The following is a summary of the inputs used as of May 31, 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; 362753018 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; **362753018** |
| Equity Securities - Private Equity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 2951635 | &nbsp;&nbsp; **2951635** |
| Investment Companies | &nbsp;&nbsp;&nbsp; 15750600 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; **15750600** |
|  | &nbsp;&nbsp; **378503618** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **2951635** | &nbsp;&nbsp; **381455253** |

---

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

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

**6**

------

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 Company's Board of Directors (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 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 ADRs 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 (for example, a foreign exchange or market), 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.

**7**

------

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.

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 Statement 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 May 31, 2025, accumulated net unrealized appreciation on investments was $71,823,274, consisting of $86,001,560 gross unrealized appreciation and $14,178,286 gross unrealized depreciation.

At May 31, 2025, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement 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.

**8**

------

## 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 Advantage Funds, Inc.

- **b. Investment Company Act file number:** 811-07123

- **c. CIK number of Registrant:** 0000914775

- **d. LEI of Registrant:** 549300SWCD16M4CV8Q16

- **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:** BNY Mellon Opportunistic Midcap Value Fund

- **b. EDGAR series identifier (if any):** S000000461

- **c. LEI of Series:** 549300XSOPMF9SPVYS44

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $383445559.66

**Total Liabilities:** $6988550.03

**Net Assets:** $376457009.63

**Cash Not Reported:** $0.27

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000001288 | -4.98%               | -1.41%               | 5.66%                |
| Class ID C000064720 | -5.06%               | -1.45%               | 5.60%                |
| Class ID C000064721 | -4.98%               | -1.38%               | 5.71%                |
| Class ID C000130426 | -4.95%               | -1.38%               | 5.70%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3465985.32             | $-16546900.87                              |
| Month 2  | $129334.73               | $-5244471.54                               |
| Month 3  | $3427478.92              | $16294272.71                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SLM Corp                                                          | SLM Corp                                                          | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    186249 | NS      | $6028880.13   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc                                             | Burlington Stores Inc                                             | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |     19720 | NS      | $4501484.40   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                                               | Dominion Energy Inc                                               | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    144953 | NS      | $8214486.51   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd                                                 | FTAI Aviation Ltd                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24428 | NS      | $2861740.20   | 0.76%             |  |  |  | No            |                  1 | On Loan: —       |
| Labcorp Holdings Inc                                              | Labcorp Holdings Inc                                              | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21144 | NS      | $5264221.68   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                                            | Diamondback Energy Inc                                            | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     32692 | NS      | $4398708.60   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Dolby Laboratories Inc                                            | Dolby Laboratories Inc                                            | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |     97741 | NS      | $7258246.66   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                                             | AECOM                                                             | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |     45625 | NS      | $5011906.25   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Databricks Inc Series I Preferred                                 | Databricks Inc Series I Preferred                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      2689 | NS      | $224639.06    | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Healthpeak Properties Inc                                         | Healthpeak Properties Inc                                         | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |    354461 | NS      | $6171166.01   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors Inc                                                 | Clean Harbors Inc                                                 | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |     25150 | NS      | $5703768.50   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                                                      | Newmont Corp                                                      | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    148632 | NS      | $7835879.04   | 2.08%             |  |  |  | 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        |   6527018 | NS      | $6527017.53   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trus                                    | Federal Realty Investment Trust                                   | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |     39379 | NS      | $3759906.92   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                                                       | Hubbell Inc                                                       | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |     10403 | NS      | $4052800.74   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                                                 | Expedia Group Inc                                                 | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33212 | NS      | $5538101.00   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc                                               | Quanta Services Inc                                               | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     21736 | NS      | $7445884.16   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular Inc                                                       | Popular Inc                                                       | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |     27876 | NS      | $2886002.28   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co                                            | International Paper Co                                            | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |    119266 | NS      | $5702107.46   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                                             | Norfolk Southern Corp                                             | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |     19318 | NS      | $4773864.16   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp                                              | Las Vegas Sands Corp                                              | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |    106808 | NS      | $4396217.28   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International                                    | Johnson Controls International plc                                | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | US        |    109932 | NS      | $11143806.84  | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Cos Inc                                                    | Rocket Cos Inc                                                    | CUSIP: 77311W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    437293 | NS      | $5575485.75   | 1.48%             |  |  |  | No            |                  1 | On Loan: —       |
| CF Industries Holdings Inc                                        | CF Industries Holdings Inc                                        | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     43222 | NS      | $3920667.62   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc                                          | Ferguson Enterprises Inc                                          | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |     26114 | NS      | $4761626.76   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America I                                    | Reinsurance Group of America Inc                                  | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     23370 | NS      | $4750887.30   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp                                             | Encompass Health Corp                                             | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     72391 | NS      | $8752071.90   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc                                        | Grand Canyon Education Inc                                        | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |     27313 | NS      | $5403740.49   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                                                      | Centene Corp                                                      | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     69585 | NS      | $3927377.40   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc                                            | CACI International Inc                                            | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |     10829 | NS      | $4634812.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                                                    | GE Vernova Inc                                                    | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     11775 | NS      | $5569339.50   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International Inc                                          | Baxter International Inc                                          | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |    208175 | NS      | $6349337.50   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp                                         | Constellation Energy Corp                                         | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     22532 | NS      | $6898171.80   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information                                     | Fidelity National Information Services Inc                        | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |     68558 | NS      | $5457902.38   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                                         | Block Inc                                                         | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |    101488 | NS      | $6266884.00   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| BioNTech SE                                                       | BioNTech SE                                                       | CUSIP: 09075V102<br>LEI: 894500UZJ5LG1F8J1U58 | Long             | EC               | CORP              | DE        |     31945 | NS      | $3060650.45   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc                                        | LPL Financial Holdings Inc                                        | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |     19648 | NS      | $7606919.68   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                                                | Crown Holdings Inc                                                | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |     58358 | NS      | $5748263.00   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                                                | Valero Energy Corp                                                | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     40191 | NS      | $5183433.27   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Gap Inc/The                                                       | Gap Inc/The                                                       | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |    153554 | NS      | $3425789.74   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| DATABRICKS INC                                                    | DATABRICKS INC                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32643 | NS      | $2726996.22   | 0.72%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Knight-Swift Transportation Ho                                    | Knight-Swift Transportation Holdings Inc                          | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     95409 | NS      | $4228526.88   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DREYFUS INSTITUTIONAL PREFERRE                                    | DREYFUS INSTITUTIONAL PREFERRED GOVERNMENT PLUS MONEY MARKET FUND | CUSIP: 000000000<br>LEI: 549300RBWL04JG8SIX57 | Long             | STIV             | RF                | US        |   9223582 | NS      | $9223582.46   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc                                                      | Assurant Inc                                                      | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |     38507 | NS      | $7816150.86   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                                           | CRH PLC                                                           | CUSIP: 000000000<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | US        |     66892 | NS      | $6097874.72   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                                                   | Ulta Beauty Inc                                                   | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |     12719 | NS      | $5996499.74   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                                                     | Pinterest Inc                                                     | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    136476 | NS      | $4245768.36   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions                                    | Cognizant Technology Solutions Corp                               | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     70443 | NS      | $5705178.57   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                                                   | Tyson Foods Inc                                                   | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     33185 | NS      | $1863669.60   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc                                             | Waste Connections Inc                                             | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     29638 | NS      | $5841353.42   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corp                                                | First Horizon Corp                                                | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |    402637 | NS      | $8004423.56   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                                                        | Hasbro Inc                                                        | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |     56692 | NS      | $3781923.32   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NOV Inc                                                           | NOV Inc                                                           | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |    225355 | NS      | $2704260.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp                                             | Antero Resources Corp                                             | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |    168024 | NS      | $6292498.80   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc                                                       | Equifax Inc                                                       | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |     27564 | NS      | $7282133.16   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc                                                        | Rambus Inc                                                        | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |     89087 | NS      | $4763481.89   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                                                | Voya Financial Inc                                                | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |     91086 | NS      | $6059040.72   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Skechers USA Inc                                                  | Skechers USA Inc                                                  | CUSIP: 830566105<br>LEI: 529900D2R54KZPA4XR56 | Long             | EC               | CORP              | US        |    107789 | NS      | $6687229.56   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies Inc                                           | Akamai Technologies Inc                                           | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |     49149 | NS      | $3731883.57   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                                                 | Omnicom Group Inc                                                 | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     60790 | NS      | $4464417.60   | 1.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Digital Realty Trust Inc                                          | Digital Realty Trust Inc                                          | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     44550 | NS      | $7641216.00   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Molson Coors Beverage Co                                          | Molson Coors Beverage Co                                          | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |    105044 | NS      | $5629307.96   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc                                              | Freeport-McMoRan Inc                                              | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    130088 | NS      | $5005786.24   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                                                   | Weyerhaeuser Co                                                   | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |    228497 | NS      | $5920357.27   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                                                       | Exelon Corp                                                       | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    192115 | NS      | $8418479.30   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| RenaissanceRe Holdings Ltd                                        | RenaissanceRe Holdings Ltd                                        | CUSIP: 000000000<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |     32019 | NS      | $7986178.98   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                                                        | Kenvue Inc                                                        | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    343372 | NS      | $8196289.64   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical Inc                                                | Globus Medical Inc                                                | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |     84690 | NS      | $5011954.20   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                                           | Aramark                                                           | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |    108592 | NS      | $4397976.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-29

**Name of Applicant:** BNY Mellon Advantage Funds, Inc.

**Signature:** James Windels

**Name of Signer:** James Windels

**Title:** Treasurer