# EDGAR Filing Document

**Accession Number:** 0000053808
**File Stem:** 0001635295-23-000014
**Filing Date:** 2023-2
**Character Count:** 8351
**Document Hash:** 4195f521e46384218841293d3f41eb8e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001635295-23-000014.hdr.sgml**: 20230210

**ACCESSION NUMBER**: 0001635295-23-000014

**CONFORMED SUBMISSION TYPE**: 40-17F2

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230210

**DATE AS OF CHANGE**: 20230210

**EFFECTIVENESS DATE**: 20230210

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BNY Mellon Investment Funds III
- **CENTRAL INDEX KEY:** 0000053808
- **IRS NUMBER:** 042694144
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-17F2
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-00524
- **FILM NUMBER:** 23612478

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS/LAUREL FUNDS TRUST
- **DATE OF NAME CHANGE:** 20181030

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS LAUREL FUNDS TRUST
- **DATE OF NAME CHANGE:** 19941122

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LAUREL FUNDS TRUST
- **DATE OF NAME CHANGE:** 19940202
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BNY Mellon Investment Funds III
- **CENTRAL INDEX KEY:** 0000053808
- **STANDARD INDUSTRIAL CLASSIFICATION:** UNKNOWN SIC - 0000 [0000]
- **IRS NUMBER:** 042694144
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-17F2

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS/LAUREL FUNDS TRUST
- **DATE OF NAME CHANGE:** 20181030

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS LAUREL FUNDS TRUST
- **DATE OF NAME CHANGE:** 19941122

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LAUREL FUNDS TRUST
- **DATE OF NAME CHANGE:** 19940202

```

Report of Independent Registered Public
Accounting Firm

The Board of Trustees of
BNY Mellon Investment Funds III:

We have examined management of BNY Mellon Investment Funds III's
assertion, included in the accompanying Management Statement
Regarding Compliance With Certain Provisions of the Investment
Company Act of 1940, that BNY Mellon Equity Income Fund (the "May
31st Fund"), BNY Mellon Global Equity Income Fund and BNY Mellon
International Bond Fund (collectively, the "October 31st Funds") and BNY
Mellon High Yield Fund (the "December 31st Fund") (collectively with the
May 31st Fund and October 31st Funds, the "Funds"), each a series of
BNY Mellon Investment Funds III, complied with the requirements of
subsections (b) and (c) of Rule 17f-2 under the Investment Company Act
of 1940 (the Act) (the specified requirements) as of August 31, 2022.
BNY Mellon Investment Funds III management is responsible for its
assertion. Our responsibility is to express an opinion on management's
assertion about the Funds' compliance with the specified requirements
based on our examination.

Our examination was conducted in accordance with attestation
standards established by the AICPA. Those standards require that we
plan and perform the examination to obtain reasonable assurance about
whether management's assertion about compliance with the specified
requirements is fairly stated, in all material respects. An examination
involves performing procedures to obtain evidence about whether
management's assertion is fairly stated in all material respects. The
nature, timing, and extent of the procedures selected depend on our
judgement, including an assessment of the risks of material
misstatement of management's assertion, whether due to fraud or error.
We believe that the evidence we obtained is sufficient and appropriate
to provide a reasonable basis for our opinion.

We are required to be independent and to meet our other ethical
responsibilities in accordance with relevant ethical requirements relating
to the engagement.

Included among our procedures were the following tests performed as of
August 31, 2022, and with respect to agreement of security purchases
and sales, for the period from May 31, 2022 (the date of the Funds' last
examination), through August 31, 2022:

1.	Confirmation with the Custodian of all securities held, hypothecated,
pledged or placed in escrow or out for transfer with brokers, pledgees,
or transfer agents;

2.	Obtained the Custodian reconciliation of security positions held by
institutions in book entry form (e.g., the Federal Reserve Bank, The
Depository Trust Company and various sub-custodians) to Custodian
records and verified that reconciling items were cleared in a timely
manner;

3.	Reconciliation of the Funds' securities per the books and records of the
Funds to those of the Custodian;

4.	Agreement of pending purchase and sale activity for the
Funds as of August 31, 2022, if any, to documentation of
corresponding subsequent bank statements;
5.	Agreement of five security purchases and five security sales or
maturities, since the date of the last examination, from the
books and records of each Fund to corresponding bank
statements;

6.	Confirmation of all repurchase agreements with broker(s)/bank(s) and/or
agreement of corresponding subsequent cash receipts to bank
statements and agreement of underlying collateral with the Custodian
records, if any;

7.	Review of the BNY Mellon Asset Servicing Custody and Securities
Lending Services Service Organization Control Report ("SOC 1 Report")
for the period July 1, 2021 - June 30, 2022 and noted no relevant
findings were reported in the areas of Asset Custody and Trade
Settlement.

Our examination does not provide a legal determination on the Funds'
compliance with specified requirements.

In our opinion, management's assertion that the Funds complied with the
requirements of subsections (b) and
(c) of Rule 17f-2 of the Investment Company Act of 1940 as of August
31, 2022, with respect to securities reflected in the investment accounts
of the Funds is fairly stated, in all material respects.

This report is intended solely for the information and use of
management and The Board of Trustees of BNY Mellon Investment
Funds III and the Securities and Exchange Commission and is not
intended to be and should not be used by anyone other than these
specified parties.

/s/ KPMG LLP

New York, New York
February 10, 2023

February 10, 2023
  Management Statement Regarding
Compliance With Certain Provisions of the
Investment Company Act of 1940

We, as members of management of BNY Mellon Equity Income Fund
(the "May 31st Fund"), BNY Mellon Global Equity Income Fund and BNY
Mellon International Bond Fund (collectively, the "October 31st Funds")
and BNY Mellon High Yield Fund (the "December 31st Fund")
(collectively with the May 31st Fund and October 31st Funds, the
"Funds"), each a series of BNY Mellon Investment Funds III are
responsible for complying with the requirements of subsections (b) and
(c) of Rule 17f-2, "Custody of Investments by Registered Management
Investment Companies" of the Investment Company Act of 1940. We
are also responsible for establishing and maintaining effective internal
controls over compliance with those requirements. We have performed
an evaluation of the Funds' compliance with the requirements of
subsections (b) and (c) of Rule 17f-2 as of August 31, 2022 and for the
period from May 31, 2022 (the date of the Funds' last examination)
through August 31, 2022.

Based on the evaluation, we assert that the Funds were in compliance
with the requirements of subsections (b) and (c) of Rule 17f-2 of the
Investment Company Act of 1940 as of August 31, 2022 and for the
period from May 31, 2022 (the date of the Funds' last examination)
through August 31, 2022, with respect to securities reflected in the
investment accounts of the Funds.

BNY Mellon Investment Funds III

Jim Windels
Treasurer

```