# EDGAR Filing Document

**Accession Number:** 0000799295
**File Stem:** 0001775697-23-000113
**Filing Date:** 2023-2
**Character Count:** 41568
**Document Hash:** e753af9a5db3d372f9641b7240236bfa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001775697-23-000113.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001775697-23-000113

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BNY Mellon Investment Funds I
- **CENTRAL INDEX KEY:** 0000799295
- **IRS NUMBER:** 043106135
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04813
- **FILM NUMBER:** 23664549

**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:** 212-922-6400

**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 INVESTMENT FUNDS
- **DATE OF NAME CHANGE:** 20081201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MELLON INSTITUTIONAL FUNDS INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 20030707

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STANDISH AYER & WOOD INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### BNY Mellon International Equity Fund (Series ID: S000011511)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000031772 | Class I      | SNIEX           |
| C000062293 | Class A      | NIEAX           |
| C000062294 | Class C      | NIECX           |
| C000130462 | Class Y      | NIEYX           |

## Nport-Ex

STATEMENT OF INVESTMENTS<br>BNY Mellon International Equity Fund

December 31, 2022 (Unaudited)

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Common Stocks - 97.6%**  |  |  |
| **Australia - 2.4%** |  |  |
| National Australia Bank Ltd. | 493969 | **10109743** |
| **Bermuda - 2.0%** |  |  |
| Hiscox Ltd. | 623679<br> <sup>a</sup>  | **8214794** |
| **China - 2.5%** |  |  |
| Alibaba Group Holding Ltd. | 321996<br> <sup>a</sup>  | 3558047 |
| Ping An Insurance Group Company of China Ltd., Cl. H | 1067000<br> <sup>a</sup>  | 7060522 |
|  |  | **10618569** |
| **Denmark - 1.3%** |  |  |
| Chr. Hansen Holding A/S | 41987 | 3020226 |
| Novozymes A/S, Cl. B | 46982<br> <sup>a</sup>  | 2379940 |
|  |  | **5400166** |
| **France - 12.4%** |  |  |
| Air Liquide SA | 40685<br> <sup>a</sup>  | 5766187 |
| AXA SA | 147634<br> <sup>a</sup>  | 4117597 |
| Cie de Saint-Gobain | 79538<br> <sup>a</sup>  | 3886707 |
| L'Oreal SA | 15894<br> <sup>a</sup>  | 5675781 |
| LVMH SE | 8049 | 5858054 |
| Sanofi | 112735<br> <sup>a</sup>  | 10841638 |
| SCOR SE | 305780<br> <sup>a</sup>  | 7034154 |
| Vinci SA | 83665 | 8354978 |
|  |  | **51535096** |
| **Germany - 3.1%** |  |  |
| Bayer AG | 65402<br> <sup>a</sup>  | 3383213 |
| Deutsche Post AG | 88756<br> <sup>a</sup>  | 3342412 |
| SAP SE | 59956<br> <sup>a</sup>  | 6186301 |
|  |  | **12911926** |
| **Hong Kong - 2.3%** |  |  |
| AIA Group Ltd. | 876912<br> <sup>a</sup>  | **9751643** |
| **India - 1.0%** |  |  |
| Housing Development Finance Corp. | 124288<br> <sup>a</sup>  | **3962553** |
| **Ireland - 1.1%** |  |  |
| CRH PLC | 115238 | **4565425** |
| **Japan - 17.6%** |  |  |
| Advantest Corp. | 93700 | 6054374 |
| East Japan Railway Co. | 157900 | 9047607 |
| Ebara Corp. | 139600 | 5020664 |
| Pan Pacific International Holdings Corp. | 408400 | 7633383 |
| Recruit Holdings Co. | 153113 | 4873156 |
| Sony Group Corp. | 92600 | 7080471 |

---

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Common Stocks - 97.6% (continued)** |  |  |
| **Japan - 17.6% (continued)** |  |  |
| Sugi Holdings Co. | 137800 | 6163411 |
| TechnoPro Holdings Inc. | 455000 | 12220931 |
| Topcon Corp. | 472200 | 5508520 |
| Toyota Industries Corp. | 173700 | 9582353 |
|  |  | **73184870** |
| **Netherlands - 3.7%** |  |  |
| Koninklijke Ahold Delhaize NV | 279681<br> <sup>a</sup>  | 8035481 |
| Universal Music Group NV | 299596 | 7219014 |
|  |  | **15254495** |
| **Norway - 1.1%** |  |  |
| TOMRA Systems ASA | 276529<br> <sup>a</sup>  | **4674302** |
| **South Korea - 1.7%** |  |  |
| Samsung SDI Co. | 15325 | **7162574** |
| **Spain - .8%** |  |  |
| Amadeus IT Group SA | 64599<br> <sup>a</sup>  | **3357232** |
| **Sweden - 1.9%** |  |  |
| Swedbank AB, Cl. A | 469049 | **7969677** |
| **Switzerland - 13.6%** |  |  |
| Alcon Inc. | 77026<br> <sup>a</sup>  | 5263075 |
| Lonza Group AG | 9997<br> <sup>a</sup>  | 4898762 |
| Nestle SA | 115416<br> <sup>a</sup>  | 13373352 |
| Novartis AG | 122279<br> <sup>a</sup>  | 11054238 |
| Roche Holding AG | 43557<br> <sup>a</sup>  | 13684430 |
| Zurich Insurance Group AG | 17592<br> <sup>a</sup>  | 8415013 |
|  |  | **56688870** |
| **United Kingdom - 29.1%** |  |  |
| Anglo American PLC | 284297<br> <sup>a</sup>  | 11123878 |
| Ashtead Group PLC | 51237 | 2923708 |
| AstraZeneca PLC | 94522<br> <sup>a</sup>  | 12819075 |
| BAE Systems PLC | 958225 | 9916299 |
| Barclays PLC | 6771843<br> <sup>a</sup>  | 12977746 |
| BP PLC | 1202214 | 6902276 |
| British American Tobacco PLC | 126919 | 5035092 |
| Croda International PLC | 47602<br> <sup>a</sup>  | 3800499 |
| Diageo PLC | 254043<br> <sup>a</sup>  | 11210073 |
| Linde PLC | 7392 | 2416955 |
| National Grid PLC | 314631 | 3793842 |
| Prudential PLC | 680694<br> <sup>a</sup>  | 9278480 |
| RELX PLC | 247082<br> <sup>a</sup>  | 6834394 |
| Shell PLC | 636839 | 17908025 |
| SSE PLC | 192782 | 3990052 |
|  |  | **120930394** |
| **Total Common Stocks** (cost $339,682,138) |  | **406292329** |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | Preferred Dividend <br>Yield (%) |  |  |
| **Preferred Stocks - 1.2%**  | **Preferred Stocks - 1.2%**  |  |  |
| **Germany - 1.2%** | **Germany - 1.2%** |  |  |
| Volkswagen AG<br>(cost $10,230,163) | 21.54 | 39475 | **4919445** |
| **Total Investments** (cost $349,912,301) | **Total Investments** (cost $349,912,301) | **98.8%** | **411211774** |
| **Cash and Receivables (Net)** | **Cash and Receivables (Net)** | **1.2%** | **4980838** |
| **Net Assets** | **Net Assets** | **100.0%** | **416192612** |

---

*<sup>a</sup> Non-income producing security.*

------

STATEMENT OF FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS<br>BNY Mellon International Equity Fund

December 31, 2022 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** |  |
| Counterparty/ Purchased<br>Currency | Purchased Currency<br>Amounts | Currency <br>Sold | Sold <br>Currency <br>Amounts | Settlement Date | Unrealized Appreciation (Depreciation) ($) |
| **CIBC World Markets Corp.** | **CIBC World Markets Corp.** | **CIBC World Markets Corp.** | **CIBC World Markets Corp.** | **CIBC World Markets Corp.** | **CIBC World Markets Corp.** |
| British Pound | 20046484 | United States Dollar | 24636679 | 2/15/2023 | (371788) |
| Euro | 11902809 | British Pound | 10493266 | 2/15/2023 | 81542 |
| **State Street Bank and Trust Company** | **State Street Bank and Trust Company** | **State Street Bank and Trust Company** | **State Street Bank and Trust Company** | **State Street Bank and Trust Company** | **State Street Bank and Trust Company** |
| British Pound | 10493265 | Euro | 12219738 | 2/15/2023 | (421906) |
| **UBS Securities LLC** | **UBS Securities LLC** | **UBS Securities LLC** | **UBS Securities LLC** | **UBS Securities LLC** | **UBS Securities LLC** |
| United States Dollar | 22990370 | British Pound | 20046484 | 2/15/2023 | (1274521) |
| **Gross Unrealized Appreciation** | **Gross Unrealized Appreciation** | **Gross Unrealized Appreciation** |  |  | **81542** |
| **Gross Unrealized Depreciation** | **Gross Unrealized Depreciation** | **Gross Unrealized Depreciation** |  |  | **(2068215)** |

---

*See notes to financial statements.*

------

STATEMENT OF INVESTMENTS<br>BNY Mellon International Equity Fund

December 31, 2022 (Unaudited)

The following is a summary of the inputs used as of December 31, 2022 in valuing the fund's investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | Level 1-Unadjusted Quoted Prices | Level 2- Other Significant Observable Inputs | Level 3-Significant Unobservable Inputs | **Total** |
| **Assets ($)** | **Assets ($)** | **Assets ($)** | **Assets ($)** |  |
| Investments in Securities:<sup>†</sup> | Investments in Securities:<sup>†</sup> | Investments in Securities:<sup>†</sup> | Investments in Securities:<sup>†</sup> |  |
| Equity Securities - Common Stocks | 406292329 | - | - | **406292329** |
| Equity Securities - Preferred Stocks | 4919445 | - | - | **4919445** |
| Other Financial Instruments: | Other Financial Instruments: | Other Financial Instruments: | Other Financial Instruments: |  |
| Forward Foreign Currency Exchange Contracts<sup>††</sup> | - | 81542 | - | **81542** |
| **Liabilities ($)** | **Liabilities ($)** | **Liabilities ($)** | **Liabilities ($)** |  |
| Other Financial Instruments: | Other Financial Instruments: | Other Financial Instruments: | Other Financial Instruments: |  |
| Forward Foreign Currency Exchange Contracts<sup>††</sup> | - | (2068215) | - | **(2068215)** |

---

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

*<sup>††</sup> Amount shown represents unrealized appreciation (depreciation) at period end.*

------

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

The 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, effective September 8, 2022, 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 American Depository 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 (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 fund's Board Members (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.

Investments denominated in foreign currencies are translated to U.S. dollars at the prevailing rates of exchange.

Forward foreign currency exchange contracts ("forward contracts") are valued at the forward rate and are generally categorized within Level 2 of the fair value hierarchy.

**Derivatives:** A derivative is a financial instrument whose performance is derived from the performance of another asset. Each type of derivative instrument that was held by the fund at December 31, 2022 is discussed below.

------

**Forward Foreign Currency Exchange Contracts:** The fund enters into forward contracts in order to hedge its exposure to changes in foreign currency exchange rates on its foreign portfolio holdings, to settle foreign currency transactions or as a part of its investment strategy. When executing forward contracts, the fund is obligated to buy or sell a foreign currency at a specified rate on a certain date in the future. With respect to sales of forward contracts, the fund incurs a loss if the value of the contract increases between the date the forward contract is opened and the date the forward contract is closed. The fund realizes a gain if the value of the contract decreases between those dates. With respect to purchases of forward contracts, the fund incurs a loss if the value of the contract decreases between the date the forward contract is opened and the date the forward contract is closed. The fund realizes a gain if the value of the contract increases between those dates. Any realized or unrealized gains or losses which occurred during the period are reflected in the Statement of Operations. The fund is exposed to foreign currency risk as a result of changes in value of underlying financial instruments. The fund is also exposed to credit risk associated with counterparty non-performance on these forward contracts, which is generally limited to the unrealized gain on each open contract. This risk may be mitigated by Master Agreements, if any, between the fund and the counterparty and the posting of collateral, if any, by the counterparty to the fund to cover the fund's exposure to the counterparty.

At December 31, 2022, accumulated net unrealized appreciation on investments was $61,299,473, consisting of $84,794,378 gross unrealized appreciation and $23,494,905 gross unrealized depreciation.

At December 31, 2022, 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.

------

## 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 Investment Funds I

- **b. Investment Company Act file number:** 811-04813

- **c. CIK number of Registrant:** 0000799295

- **d. LEI of Registrant:** 5493000M3XIJVKIWWS65

- **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:** 212 495 1784

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

- **a. Name of Series:** BNY Mellon International Equity Fund

- **b. EDGAR series identifier (if any):** S000011511

- **c. LEI of Series:** 549300WQE56OLIWHGM40

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

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $416582587.09

**Total Liabilities:** $389974.83

**Net Assets:** $416192612.26

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000031772 | 5.92%                | 12.49%               | -1.53%               |
| Class ID C000062293 | 5.88%                | 12.46%               | -1.59%               |
| Class ID C000062294 | 5.83%                | 12.35%               | -1.63%               |
| Class ID C000130462 | 5.89%                | 12.49%               | -1.54%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2893097.83             | $27847750.90                               |
| Month 2  | $4498123.21              | $47017059.54                               |
| Month 3  | $1455781.76              | $-8606119.10                               |

**Designated Index Information**

- **Index Name:** MSCI EAFE Index

- **Index Identifier:** MXEA

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ALCON INC                               | ALCON INC                               | CUSIP: N/A<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |     78135 | NS      | $5338851.78   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CHR HANSEN HOLDING A/S                  | CHR HANSEN HOLDING A/S                  | CUSIP: N/A<br>LEI: 549300MKPW8ZF3E8MW37 | Long             | EC               | CORP              | DK        |     42591 | NS      | $3063672.87   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| HOUSING DEVELOPMENT FINANCE CORP LTD    | HOUSING DEVELOPMENT FINANCE CORP LTD    | CUSIP: N/A<br>LEI: 335800OX2H9AP7NHLT64 | Long             | EC               | CORP              | IN        |    124288 | NS      | $3962553.23   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| LONZA GROUP AG                          | LONZA GROUP AG                          | CUSIP: N/A<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |     10141 | NS      | $4969325.80   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| TOYOTA INDUSTRIES CORP                  | TOYOTA INDUSTRIES CORP                  | CUSIP: N/A<br>LEI: 35380000WKGEAHEMW830 | Long             | EC               | CORP              | JP        |    173700 | NS      | $9582352.94   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| PING AN INSURANCE GROUP CO OF CHINA LTD | PING AN INSURANCE GROUP CO OF CHINA LTD | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |   1067000 | NS      | $7060521.81   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PLC                               | LINDE PLC                               | CUSIP: N/A<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | IE        |      7392 | NS      | $2416954.50   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| BAYER AG                                | BAYER AG                                | CUSIP: N/A<br>LEI: 549300J4U55H3WP1XT59 | Long             | EC               | CORP              | DE        |     65402 | NS      | $3383212.51   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| KONINKLIJKE AHOLD DELHAIZE NV           | KONINKLIJKE AHOLD DELHAIZE NV           | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |    283706 | NS      | $8151122.47   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA GROUP LTD                           | AIA GROUP LTD                           | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    876912 | NS      | $9751642.97   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| TOPCON CORP                             | TOPCON CORP                             | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    472200 | NS      | $5508520.27   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS PLC                            | BARCLAYS PLC                            | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |   6771843 | NS      | $12977746.42  | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SWEDBANK AB                             | SWEDBANK AB                             | CUSIP: N/A<br>LEI: M312WZV08Y7LYUC71685 | Long             | EC               | CORP              | SE        |    475800 | NS      | $8084384.54   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGLO AMERICAN PLC                      | ANGLO AMERICAN PLC                      | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |    284297 | NS      | $11123878.27  | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAGEO PLC                              | DIAGEO PLC                              | CUSIP: N/A<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |    254043 | NS      | $11210072.90  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| VOLKSWAGEN AG                           | VOLKSWAGEN AG                           | CUSIP: N/A<br>LEI: 529900NNUPAGGOMPXZ31 | Long             | EP               | CORP              | DE        |     39475 | NS      | $4919445.12   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| EBARA CORP                              | EBARA CORP                              | CUSIP: N/A<br>LEI: 353800UV8U3SOMCDTI49 | Long             | EC               | CORP              | JP        |    139600 | NS      | $5020664.43   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL PLC                          | PRUDENTIAL PLC                          | CUSIP: N/A<br>LEI: 5493001Z3ZE83NGK8Y12 | Long             | EC               | CORP              | GB        |    680694 | NS      | $9278479.50   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG SDI CO LTD                      | SAMSUNG SDI CO LTD                      | CUSIP: N/A<br>LEI: 9884002AESDO4YW87G32 | Long             | EC               | CORP              | KR        |     15325 | NS      | $7162574.14   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA                                  | AXA SA                                  | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |    149759 | NS      | $4176864.58   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SONY GROUP CORP                         | SONY GROUP CORP                         | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |     92600 | NS      | $7080470.89   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE POST AG                        | DEUTSCHE POST AG                        | CUSIP: N/A<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |     88756 | NS      | $3342411.70   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                 | CRH PLC                                 | CUSIP: N/A<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |    115238 | NS      | $4565424.70   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCHE HOLDING AG                        | ROCHE HOLDING AG                        | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     44184 | NS      | $13881416.75  | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                  | SAP SE                                  | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     59956 | NS      | $6186300.58   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| PAN PACIFIC INTERNATIONAL HOLDINGS CORP | PAN PACIFIC INTERNATIONAL HOLDINGS CORP | CUSIP: N/A<br>LEI: 529900QLHJM2E18A5763 | Long             | EC               | CORP              | JP        |    408400 | NS      | $7633383.11   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ZURICH INSURANCE GROUP AG               | ZURICH INSURANCE GROUP AG               | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03 | Long             | EC               | CORP              | CH        |     17845 | NS      | $8536033.63   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVARTIS AG                             | NOVARTIS AG                             | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |    124039 | NS      | $11213345.60  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING LTD               | ALIBABA GROUP HOLDING LTD               | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |    321996 | NS      | $3558046.62   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVOZYMES A/S                           | NOVOZYMES A/S                           | CUSIP: N/A<br>LEI: 529900T6WNZXD2R3JW38 | Long             | EC               | CORP              | DK        |     47658 | NS      | $2414183.54   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| RECRUIT HOLDINGS CO LTD                 | RECRUIT HOLDINGS CO LTD                 | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |    153113 | NS      | $4873156.06   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL MUSIC GROUP NV                | UNIVERSAL MUSIC GROUP NV                | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |    303908 | NS      | $7322915.35   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| TECHNOPRO HOLDINGS INC                  | TECHNOPRO HOLDINGS INC                  | CUSIP: N/A<br>LEI: 3538001DJ8I5PJQNHU53 | Long             | EC               | CORP              | JP        |    455000 | NS      | $12220931.12  | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH MOET HENNESSY LOUIS VUITTON SE     | LVMH MOET HENNESSY LOUIS VUITTON SE     | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |      8165 | NS      | $5942478.47   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC                                | RELX PLC                                | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |    250638 | NS      | $6932754.35   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| SUGI HOLDINGS CO LTD                    | SUGI HOLDINGS CO LTD                    | CUSIP: N/A<br>LEI: 529900N86BFWB1FADG87 | Long             | EC               | CORP              | JP        |    137800 | NS      | $6163410.55   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| HISCOX LTD                              | HISCOX LTD                              | CUSIP: N/A<br>LEI: 5493007JXOLJ0QCY2D70 | Long             | EC               | CORP              | BM        |    623679 | NS      | $8214794.34   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| L'OREAL SA                              | L'OREAL SA                              | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |     16123 | NS      | $5757557.48   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SANOFI                                  | SANOFI                                  | CUSIP: N/A<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |    114358 | NS      | $10997720.58  | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| NESTLE SA                               | NESTLE SA                               | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |    117077 | NS      | $13565813.85  | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                  | BP PLC                                  | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |   1202214 | NS      | $6902275.51   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| CRODA INTERNATIONAL PLC                 | CRODA INTERNATIONAL PLC                 | CUSIP: N/A<br>LEI: 2138004WCNBFJEEOXV26 | Long             | EC               | CORP              | GB        |     47602 | NS      | $3800498.84   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| VINCI SA                                | VINCI SA                                | CUSIP: N/A<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |     84869 | NS      | $8475211.88   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SSE PLC                                 | SSE PLC                                 | CUSIP: N/A<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |    192782 | NS      | $3990052.24   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL AUSTRALIA BANK LTD             | NATIONAL AUSTRALIA BANK LTD             | CUSIP: N/A<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | EC               | CORP              | AU        |    493969 | NS      | $10109742.94  | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR LIQUIDE SA                          | AIR LIQUIDE SA                          | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |     41271 | NS      | $5849238.95   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| AMADEUS IT GROUP SA                     | AMADEUS IT GROUP SA                     | CUSIP: N/A<br>LEI: 9598004A3FTY3TEHHN09 | Long             | EC               | CORP              | ES        |     65529 | NS      | $3405564.90   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC                         | ASTRAZENECA PLC                         | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     94522 | NS      | $12819074.68  | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| 5FF5IRAQ999QVP1I_1091200_S              | GBP/USD FWD 20230215 00642              | CUSIP: N/A<br>LEI: N/A                  | Short            | DFE              |  | GB        | -20046484 | NC      | $-24264891.41 | -5.83%            |  |  |  | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                         | BAE SYSTEMS PLC                         | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |    958225 | NS      | $9916298.73   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| I7JT40JKRNB47U5J_1091200_S              | EUR/GBP FWD 20230215 00438              | CUSIP: N/A<br>LEI: N/A                  | Short            | DFE              |  | XX        | -10493265 | NC      | $-12701376.25 | -3.05%            |  |  |  | No            |                  2 | On Loan: No      |
| ADVANTEST CORP                          | ADVANTEST CORP                          | CUSIP: N/A<br>LEI: 353800EMK32PDKS9XR54 | Long             | EC               | CORP              | JP        |     93700 | NS      | $6054373.67   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| EAST JAPAN RAILWAY CO                   | EAST JAPAN RAILWAY CO                   | CUSIP: N/A<br>LEI: 353800SENYJ2DSM6PS44 | Long             | EC               | CORP              | JP        |    157900 | NS      | $9047607.44   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BRITISH AMERICAN TOBACCO PLC            | BRITISH AMERICAN TOBACCO PLC            | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |    126919 | NS      | $5035091.76   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SHELL PLC                               | SHELL PLC                               | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    636839 | NS      | $17908025.40  | 4.30%             |  |  |  | No            |                  1 | On Loan: No      |
| EIV03KEH4J882OTP_1091200_L              | GBP/USD FWD 20230215 00438              | CUSIP: N/A<br>LEI: N/A                  | Long             | DFE              |  | GB        |  20046484 | NC      | $24264891.41  | 5.83%             |  |  |  | No            |                  2 | On Loan: No      |
| FU3P8K64KVBTHUVD_1091200_L              | GBP/EUR FWD 20230215 00189              | CUSIP: N/A<br>LEI: N/A                  | Long             | DFE              |  | GB        |  10493265 | NC      | $12701376.25  | 3.05%             |  |  |  | No            |                  2 | On Loan: No      |
| I7JT40JKRNB47U5J_1091200_L              | EUR/GBP FWD 20230215 00438              | CUSIP: N/A<br>LEI: N/A                  | Long             | DFE              |  | XX        |  11902809 | NC      | $12782919.06  | 3.07%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL GRID PLC                       | NATIONAL GRID PLC                       | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |    314631 | NS      | $3793841.77   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| FU3P8K64KVBTHUVD_1091200_S              | GBP/EUR FWD 20230215 00189              | CUSIP: N/A<br>LEI: N/A                  | Short            | DFE              |  | GB        | -12219738 | NC      | $-13123282.58 | -3.15%            |  |  |  | No            |                  2 | On Loan: No      |
| CIE DE SAINT-GOBAIN                     | CIE DE SAINT-GOBAIN                     | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |     80683 | NS      | $3942658.91   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ASHTEAD GROUP PLC                       | ASHTEAD GROUP PLC                       | CUSIP: N/A<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |     51237 | NS      | $2923708.24   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| SCOR SE                                 | SCOR SE                                 | CUSIP: N/A<br>LEI: 96950056ULJ4JI7V3752 | Long             | EC               | CORP              | FR        |    310181 | NS      | $7135394.57   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| TOMRA SYSTEMS ASA                       | TOMRA SYSTEMS ASA                       | CUSIP: N/A<br>LEI: 549300J726JCFJU3VT89 | Long             | EC               | CORP              | NO        |    280509 | NS      | $4741577.90   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| 99VVB9HH4                               | DREYFUS INST PREF GOVT PLUS-SL #4134    | CUSIP: 99VVB9HH4<br>LEI: N/A            | Long             |  | RF                | US        |         0 | OU      | $0.20         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-23

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

**Signature:** James Windels

**Name of Signer:** James Windels

**Title:** Fund Treasurer