# EDGAR Filing Document

**Accession Number:** 0000914775
**File Stem:** 0001752724-25-182039
**Filing Date:** 2025-7
**Character Count:** 64798
**Document Hash:** 2829abf82729bd12576d1fd392c098b6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-182039.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001752724-25-182039

**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:** 251159707

**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 Small Cap Fund (Series ID: S000000462)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000001289 | Investor Shares | DSCVX           |
| C000174005 | Class Y         | DSCYX           |
| C000174006 | Class I         | DOPIX           |

## Nport-Ex

BNY Mellon Opportunistic Small Cap 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 — 97.0%** | **Common Stocks — 97.0%** | **Common Stocks — 97.0%** |
| **Automobiles & Components — .5%** | **Automobiles & Components — .5%** | **Automobiles & Components — .5%** |
| Visteon Corp. <sup>(a)</sup> <br>| 12643 | **1067385** |
| **Banks — 13.8%** | **Banks — 13.8%** | **Banks — 13.8%** |
| Banc of California, Inc. | 148810 | 2041673 |
| BankUnited, Inc. | 60156 | 2044101 |
| Columbia Banking System, Inc. | 125808 | 2941391 |
| First Horizon Corp. | 223422 | 4441629 |
| First Merchants Corp. | 62678 | 2362961 |
| Metropolitan Bank Holding Corp. <sup>(a)</sup> <br>| 15929 | 1030128 |
| Origin Bancorp, Inc. | 38798 | 1322624 |
| Seacoast Banking Corp. of Florida | 135297 | 3494721 |
| SouthState Corp. | 29922 | 2627152 |
| Synovus Financial Corp. | 48165 | 2303732 |
| Texas Capital Bancshares, Inc. <sup>(a)</sup> <br>| 58655 | 4204977 |
|  |  | **28815089** |
| **Capital Goods — 10.9%** | **Capital Goods — 10.9%** | **Capital Goods — 10.9%** |
| Enerpac Tool Group Corp. | 61507 | 2637420 |
| EnerSys | 16127 | 1348701 |
| Enpro, Inc. | 9763 | 1807522 |
| Flowserve Corp. | 60884 | 3038720 |
| Fluor Corp. <sup>(a)</sup> <br>| 73631 | 3061577 |
| Gates Industrial Corp. PLC <sup>(a)</sup> <br>| 134135 | 2836955 |
| Matrix Service Co. <sup>(a)</sup> <br>| 82308 | 1005804 |
| MYR Group, Inc. <sup>(a)</sup> <br>| 13568 | 2128141 |
| The Middleby Corp. <sup>(a)</sup> <br>| 11132 | 1626719 |
| Valmont Industries, Inc. | 10490 | 3336240 |
|  |  | **22827799** |
| **Commercial & Professional Services — 3.2%** | **Commercial & Professional Services — 3.2%** | **Commercial & Professional Services — 3.2%** |
| ACV Auctions, Inc., Cl. A <sup>(a)</sup> <br>| 123731 | 2026714 |
| KBR, Inc. | 47523 | 2480225 |
| The Brink's Company | 26258 | 2154732 |
|  |  | **6661671** |
| **Consumer Discretionary Distribution & Retail — 1.5%** | **Consumer Discretionary Distribution & Retail — 1.5%** | **Consumer Discretionary Distribution & Retail — 1.5%** |
| Arhaus, Inc. <sup>(a),(b)</sup> <br>| 129066 | 1159013 |
| Ollie's Bargain Outlet Holdings, Inc. <sup>(a)</sup> <br>| 18073 | 2014236 |
|  |  | **3173249** |
| **Consumer Durables & Apparel — 3.3%** | **Consumer Durables & Apparel — 3.3%** | **Consumer Durables & Apparel — 3.3%** |
| Figs, Inc., Cl. A <sup>(a)</sup> <br>| 259916 | 1130635 |
| Levi Strauss & Co., Cl. A | 93449 | 1621340 |
| Malibu Boats, Inc., Cl. A <sup>(a)</sup> <br>| 56361 | 1698721 |
| The Lovesac Company <sup>(a)</sup> <br>| 44274 | 847404 |
| YETI Holdings, Inc. <sup>(a)</sup> <br>| 54698 | 1671571 |
|  |  | **6969671** |
| **Consumer Services — 5.5%** | **Consumer Services — 5.5%** | **Consumer Services — 5.5%** |
| Genius Sports Ltd. <sup>(a)</sup> <br>| 567205 | 5439496 |
| Perdoceo Education Corp. | 79655 | 2711456 |
| Six Flags Entertainment Corp. <sup>(b)</sup> <br>| 27023 | 906892 |
| The Cheesecake Factory, Inc. <sup>(b)</sup> <br>| 42708 | 2356200 |
|  |  | **11414044** |

---

**3**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Common Stocks — 97.0% (continued)** | **Common Stocks — 97.0% (continued)** | **Common Stocks — 97.0% (continued)** |
| **Energy — 5.6%** | **Energy — 5.6%** | **Energy — 5.6%** |
| Centrus Energy Corp., Cl. A <sup>(a),(b)</sup> <br>| 16653 | 2113599 |
| CNX Resources Corp. <sup>(a),(b)</sup> <br>| 67937 | 2193006 |
| Crescent Energy Co., Cl. A | 294947 | 2474605 |
| PBF Energy, Inc., Cl. A | 65312 | 1244194 |
| Transocean Ltd. <sup>(a),(b)</sup> <br>| 317004 | 789340 |
| Viper Energy, Inc. | 74461 | 2955357 |
|  |  | **11770101** |
| **Equity Real Estate Investment Trusts — 2.5%** | **Equity Real Estate Investment Trusts — 2.5%** | **Equity Real Estate Investment Trusts — 2.5%** |
| EPR Properties <sup>(c)</sup> <br>| 50828 | 2830611 |
| Ryman Hospitality Properties, Inc. <sup>(c)</sup> <br>| 16514 | 1603675 |
| STAG Industrial, Inc. <sup>(c)</sup> <br>| 20811 | 740455 |
|  |  | **5174741** |
| **Financial Services — 8.7%** | **Financial Services — 8.7%** | **Financial Services — 8.7%** |
| Essent Group Ltd. | 39251 | 2276558 |
| Euronet Worldwide, Inc. <sup>(a)</sup> <br>| 18903 | 2046817 |
| HA Sustainable Infrastructure Capital, Inc. <sup>(b)</sup> <br>| 76236 | 1909712 |
| Marex Group PLC | 37882 | 1634987 |
| PennyMac Financial Services, Inc. | 18535 | 1779360 |
| PJT Partners, Inc., Cl. A | 20017 | 3015761 |
| SLM Corp. | 101353 | 3280796 |
| Voya Financial, Inc. | 33463 | 2225959 |
|  |  | **18169950** |
| **Food, Beverage & Tobacco — 1.6%** | **Food, Beverage & Tobacco — 1.6%** | **Food, Beverage & Tobacco — 1.6%** |
| J & J Snack Foods Corp. | 4690 | 540147 |
| Nomad Foods Ltd. | 161472 | 2825760 |
|  |  | **3365907** |
| **Health Care Equipment & Services — 5.1%** | **Health Care Equipment & Services — 5.1%** | **Health Care Equipment & Services — 5.1%** |
| Acadia Healthcare Co., Inc. <sup>(a)</sup> <br>| 59071 | 1337367 |
| Addus HomeCare Corp. <sup>(a)</sup> <br>| 9915 | 1099673 |
| Certara, Inc. <sup>(a)</sup> <br>| 107849 | 1225165 |
| Envista Holdings Corp. <sup>(a)</sup> <br>| 66671 | 1218079 |
| Evolent Health, Inc., Cl. A <sup>(a),(b)</sup> <br>| 138555 | 1032235 |
| Privia Health Group, Inc. <sup>(a)</sup> <br>| 143135 | 3257753 |
| The Ensign Group, Inc. | 9725 | 1432103 |
|  |  | **10602375** |
| **Household & Personal Products — 1.0%** | **Household & Personal Products — 1.0%** | **Household & Personal Products — 1.0%** |
| Spectrum Brands Holdings, Inc. | 35824 | **2069553** |
| **Insurance — 2.0%** | **Insurance — 2.0%** | **Insurance — 2.0%** |
| Oscar Health, Inc., Cl. A <sup>(a),(b)</sup> <br>| 68286 | 942347 |
| The Baldwin Insurance Group, Inc. <sup>(a),(b)</sup> <br>| 82182 | 3166472 |
|  |  | **4108819** |
| **Materials — 4.6%** | **Materials — 4.6%** | **Materials — 4.6%** |
| Alamos Gold, Inc., Cl. A | 179638 | 4650828 |
| Alcoa Corp. | 45927 | 1229466 |
| Knife River Corp. <sup>(a)</sup> <br>| 23829 | 2242309 |
| Methanex Corp. | 31650 | 1033056 |
| Tronox Holdings PLC | 99398 | 564580 |
|  |  | **9720239** |
| **Media & Entertainment — 4.1%** | **Media & Entertainment — 4.1%** | **Media & Entertainment — 4.1%** |
| John Wiley & Sons, Inc., Cl. A | 68541 | 2681324 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Common Stocks — 97.0% (continued)** | **Common Stocks — 97.0% (continued)** | **Common Stocks — 97.0% (continued)** |
| **Media & Entertainment — 4.1% (continued)** | **Media & Entertainment — 4.1% (continued)** | **Media & Entertainment — 4.1% (continued)** |
| Magnite, Inc. <sup>(a),(b)</sup> <br>| 292077 | 4778380 |
| Starz Entertainment Corp. <sup>(a)</sup> <br>| 56428 | 1182731 |
|  |  | **8642435** |
| **Pharmaceuticals, Biotechnology & Life Sciences — 4.9%** | **Pharmaceuticals, Biotechnology & Life Sciences — 4.9%** | **Pharmaceuticals, Biotechnology & Life Sciences — 4.9%** |
| Alkermes PLC <sup>(a)</sup> <br>| 67729 | 2073185 |
| Insmed, Inc. <sup>(a)</sup> <br>| 68173 | 4753703 |
| Mirum Pharmaceuticals, Inc. <sup>(a)</sup> <br>| 36532 | 1624213 |
| Soleno Therapeutics, Inc. <sup>(a)</sup> <br>| 25711 | 1885902 |
|  |  | **10337003** |
| **Semiconductors & Semiconductor Equipment — 2.4%** | **Semiconductors & Semiconductor Equipment — 2.4%** | **Semiconductors & Semiconductor Equipment — 2.4%** |
| Cohu, Inc. <sup>(a)</sup> <br>| 63517 | 1084235 |
| Ichor Holdings Ltd. <sup>(a)</sup> <br>| 62139 | 980553 |
| Synaptics, Inc. <sup>(a)</sup> <br>| 40054 | 2353573 |
| Ultra Clean Holdings, Inc. <sup>(a)</sup> <br>| 30640 | 593497 |
|  |  | **5011858** |
| **Software & Services — 3.5%** | **Software & Services — 3.5%** | **Software & Services — 3.5%** |
| Blackbaud, Inc. <sup>(a)</sup> <br>| 20896 | 1300358 |
| Dolby Laboratories, Inc., Cl. A | 34549 | 2565609 |
| JFrog Ltd. <sup>(a)</sup> <br>| 49307 | 2117242 |
| Pagaya Technologies Ltd., Cl. A <sup>(a),(b)</sup> <br>| 86529 | 1422537 |
|  |  | **7405746** |
| **Technology Hardware & Equipment — 5.5%** | **Technology Hardware & Equipment — 5.5%** | **Technology Hardware & Equipment — 5.5%** |
| Advanced Energy Industries, Inc. | 27468 | 3152777 |
| Belden, Inc. | 18998 | 2017588 |
| Calix, Inc. <sup>(a)</sup> <br>| 11067 | 511738 |
| Corsair Gaming, Inc. <sup>(a)</sup> <br>| 111230 | 977712 |
| Lumentum Holdings, Inc. <sup>(a),(b)</sup> <br>| 14739 | 1065335 |
| nLight, Inc. <sup>(a)</sup> <br>| 164786 | 2493212 |
| Viavi Solutions, Inc. <sup>(a)</sup> <br>| 134929 | 1229203 |
|  |  | **11447565** |
| **Transportation — 2.7%** | **Transportation — 2.7%** | **Transportation — 2.7%** |
| SkyWest, Inc. <sup>(a)</sup> <br>| 37004 | 3754056 |
| Sun Country Airlines Holdings, Inc. <sup>(a)</sup> <br>| 154815 | 1792758 |
|  |  | **5546814** |
| **Utilities — 4.1%** | **Utilities — 4.1%** | **Utilities — 4.1%** |
| Clearway Energy, Inc., Cl. C | 137866 | 4242137 |
| ONE Gas, Inc. | 33803 | 2527112 |
| TXNM Energy, Inc. | 32896 | 1864874 |
|  |  | **8634123** |
| &nbsp;&nbsp;&nbsp; **Total Common Stocks** <br>(cost $172,249,381)<br>|  | **202936137** |
| **Private Equity — .8%** | **Private Equity — .8%** | **Private Equity — .8%** |
| **Food, Beverage & Tobacco — .4%** | **Food, Beverage & Tobacco — .4%** | **Food, Beverage & Tobacco — .4%** |
| Supplying Demand, Inc., Ser. E <sup>(a),(d)</sup> <br>| 66937 | **845414** |
| **Real Estate — .1%** | **Real Estate — .1%** | **Real Estate — .1%** |
| Roofstock, Ser. E <sup>(a),(d)</sup> <br>| 41269 | **236059** |
| **Software & Services — .3%** | **Software & Services — .3%** | **Software & Services — .3%** |
| Locus Robotics, Ser. F <sup>(a),(d)</sup> <br>| 14518 | **616434** |
| &nbsp;&nbsp;&nbsp; **Total Private Equity** <br>(cost $2,487,392)<br>|  | **1697907** |

---

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

**5**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | |
|:---|:---|:---|:---|
| Description | 1-Day <br>Yield (%)<br>| Shares | Value ($) |
| **Investment Companies — 1.8%** | **Investment Companies — 1.8%** | **Investment Companies — 1.8%** | **Investment Companies — 1.8%** |
| **Registered Investment Companies — 1.8%** | **Registered Investment Companies — 1.8%** | **Registered Investment Companies — 1.8%** | **Registered Investment Companies — 1.8%** |
| &nbsp;&nbsp;&nbsp; Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares<sup>(e)</sup> <br>(cost $3,857,436)<br>| 4.42 | 3857436 | **3857436** |
| **Investment of Cash Collateral for Securities Loaned — 1.0%** |  |  |  |
| **Registered Investment Companies — 1.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp; Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares<sup>(e)</sup> <br>(cost $2,044,368)<br>| 4.42 | 2044368 | **2044368** |
| **Total Investments** (cost $180,638,577) | **Total Investments** (cost $180,638,577) | **100.6%** | **210535848** |
| **Liabilities, Less Cash and Receivables** | **Liabilities, Less Cash and Receivables** | **(.6%)** | **(1316101)** |
| **Net Assets**  | **Net Assets**  | **100.0%** | **209219747** |

---

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

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

<sup>(b)</sup> *Security, or portion thereof, on loan. At May 31, 2025, the value of the fund's securities on loan was $17,009,941 and the value of the collateral was* *$17,369,892, consisting of cash collateral of $2,044,368 and U.S. Government & Agency securities valued at $15,325,524. In addition, the value of* *collateral may include pending sales that are also on loan.* 

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

<sup>(d)</sup> *The fund held Level 3 securities at May 31, 2025. These securities were valued at $1,697,907 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.*

**6**

------

Statement of Investments

BNY Mellon Opportunistic Small Cap 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; 202936137 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; **202936137** |
| Equity Securities - Private Equity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1697907 | &nbsp;&nbsp; **1697907** |
| Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp; 5901804 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; **5901804** |
|  | &nbsp;&nbsp; **208837941** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **1697907** | &nbsp;&nbsp; **210535848** |

---

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

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

**7**

------

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

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

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

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

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

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

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

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

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

The 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 American Depositary Receipts and futures. Utilizing these techniques may result in transfers between Level 1 and Level 2 of the fair value hierarchy.

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

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

**8**

------

Pursuant to a securities lending agreement with BNY, the fund may lend securities to qualified institutions. It is the fund's policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral equivalent to at least 100% of the market value of securities on loan is maintained at all times. Collateral is either in the form of cash, which can be invested in certain money market mutual funds managed by the Adviser, or U.S. Government and Agency securities. The securities on loan, if any, are also disclosed in the fund's 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 $29,897,271, consisting of $46,086,206 gross unrealized appreciation and $16,188,935 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.

**9**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BNY Mellon 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 Small Cap Fund

- **b. EDGAR series identifier (if any):** S000000462

- **c. LEI of Series:** 549300ONU8K5KRZ48993

**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:** $211676427.42

**Total Liabilities:** $2361921.81

**Net Assets:** $209314505.61

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000001289 | -5.85%               | -3.63%               | 6.01%                |
| Class ID C000174005 | -5.82%               | -3.60%               | 6.05%                |
| Class ID C000174006 | -5.81%               | -3.65%               | 6.05%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $379662.98               | $-13923698.66                              |
| Month 2  | $-4346529.99             | $-3481203.43                               |
| Month 3  | $-981753.44              | $12900418.87                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ROOFSTOCK                                                         | ROOFSTOCK                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41269 | NS      | $236058.68    | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Lovesac Co/The                                                    | Lovesac Co/The                                                    | CUSIP: 54738L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44274 | NS      | $847404.36    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy Inc                                                   | TXNM Energy Inc                                                   | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |     32896 | NS      | $1864874.24   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc of California Inc                                            | Banc of California Inc                                            | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |    148810 | NS      | $2041673.20   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Viavi Solutions Inc                                               | Viavi Solutions Inc                                               | CUSIP: 925550105<br>LEI: 5493006K3E3N1QOBF092 | Long             | EC               | CORP              | US        |    134929 | NS      | $1229203.19   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Bancorp Inc                                                | Origin Bancorp Inc                                                | CUSIP: 68621T102<br>LEI: 54930055DO2Z4KO3NB45 | Long             | EC               | CORP              | US        |     38798 | NS      | $1322623.82   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Calix Inc                                                         | Calix Inc                                                         | CUSIP: 13100M509<br>LEI: 5299002RQRZ4SXSCSJ58 | Long             | EC               | CORP              | US        |     11067 | NS      | $511738.08    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc                                             | Lumentum Holdings Inc                                             | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     14739 | NS      | $1065334.92   | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| Blackbaud Inc                                                     | Blackbaud Inc                                                     | CUSIP: 09227Q100<br>LEI: 54930056X3HKFMNG3754 | Long             | EC               | CORP              | US        |     20896 | NS      | $1300358.08   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Transocean Ltd                                                    | Transocean Ltd                                                    | CUSIP: 000000000<br>LEI: 529900QO4W5DQGBGEF32 | Long             | EC               | CORP              | CH        |    317004 | NS      | $789339.96    | 0.38%             |  |  |  | No            |                  1 | On Loan: —       |
| Magnite Inc                                                       | Magnite Inc                                                       | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |    292077 | NS      | $4778379.72   | 2.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Alamos Gold Inc                                                   | Alamos Gold Inc                                                   | CUSIP: 011532108<br>LEI: 549300TDOX73YGYXE959 | Long             | EC               | CORP              | CA        |    179638 | NS      | $4650827.82   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| John Wiley & Sons Inc                                             | John Wiley & Sons Inc                                             | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |     68541 | NS      | $2681323.92   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Figs Inc                                                          | Figs Inc                                                          | CUSIP: 30260D103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    259916 | NS      | $1130634.60   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Soleno Therapeutics Inc                                           | Soleno Therapeutics Inc                                           | CUSIP: 834203309<br>LEI: 5493003LCY77N7FXK844 | Long             | EC               | CORP              | US        |     25711 | NS      | $1885901.85   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp                                                          | SLM Corp                                                          | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    101353 | NS      | $3280796.61   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc                                               | Clearway Energy Inc                                               | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |    137866 | NS      | $4242136.82   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties I                                    | Ryman Hospitality Properties Inc                                  | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |     16514 | NS      | $1603674.54   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc                                            | Valmont Industries Inc                                            | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |     10490 | NS      | $3336239.60   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corp                                                        | Fluor Corp                                                        | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |     73631 | NS      | $3061576.98   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Metropolitan Bank Holding Corp                                    | Metropolitan Bank Holding Corp                                    | CUSIP: 591774104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15929 | NS      | $1030128.43   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                                                    | EPR Properties                                                    | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |     50828 | NS      | $2830611.32   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| J & J Snack Foods Corp                                            | J & J Snack Foods Corp                                            | CUSIP: 466032109<br>LEI: 894500IGP1Y2ZQFQMJ83 | Long             | EC               | CORP              | US        |      4690 | NS      | $540147.30    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Levi Strauss & Co                                                 | Levi Strauss & Co                                                 | CUSIP: 52736R102<br>LEI: MB0UERO0RDFKU8258G77 | Long             | EC               | CORP              | US        |     93449 | NS      | $1621340.15   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc                                                        | Belden Inc                                                        | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |     18998 | NS      | $2017587.60   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Genius Sports Ltd                                                 | Genius Sports Ltd                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |    567205 | NS      | $5439495.95   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas Inc                                                       | ONE Gas Inc                                                       | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     33803 | NS      | $2527112.28   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp/The                                                 | Middleby Corp/The                                                 | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |     11132 | NS      | $1626719.16   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Arhaus Inc                                                        | Arhaus Inc                                                        | CUSIP: 04035M102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    129066 | NS      | $1159012.68   | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| Cheesecake Factory Inc/The                                        | Cheesecake Factory Inc/The                                        | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Long             | EC               | CORP              | US        |     42708 | NS      | $2356200.36   | 1.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Brink's Co/The                                                    | Brink's Co/The                                                    | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |     26258 | NS      | $2154731.48   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corp                                                      | Visteon Corp                                                      | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |     12643 | NS      | $1067385.28   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd                                                  | Essent Group Ltd                                                  | CUSIP: 000000000<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | US        |     39251 | NS      | $2276558.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| nLight Inc                                                        | nLight Inc                                                        | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    164786 | NS      | $2493212.18   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc                                             | Euronet Worldwide Inc                                             | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     18903 | NS      | $2046816.84   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI Holdings Inc                                                 | YETI Holdings Inc                                                 | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     54698 | NS      | $1671570.88   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Starz Entertainment Corp                                          | Starz Entertainment Corp                                          | CUSIP: 855919106<br>LEI: 5493000JSMHPHZURLM72 | Long             | EC               | CORP              | US        |     56428 | NS      | $1182730.88   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                                                           | EnerSys                                                           | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |     16127 | NS      | $1348701.01   | 0.64%             |  |  |  | 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        |   3857436 | NS      | $3857436.07   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc                                       | Columbia Banking System Inc                                       | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125808 | NS      | $2941391.04   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc                                               | STAG Industrial Inc                                               | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |     20811 | NS      | $740455.38    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Synaptics Inc                                                     | Synaptics Inc                                                     | CUSIP: 87157D109<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | EC               | CORP              | US        |     40054 | NS      | $2353573.04   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrus Energy Corp                                               | Centrus Energy Corp                                               | CUSIP: 15643U104<br>LEI: 549300G6VDK9G8276661 | Long             | EC               | CORP              | US        |     16653 | NS      | $2113598.76   | 1.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Baldwin Insurance Group Inc/Th                                    | Baldwin Insurance Group Inc/The                                   | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82182 | NS      | $3166472.46   | 1.51%             |  |  |  | No            |                  1 | On Loan: —       |
| Tronox Holdings PLC                                               | Tronox Holdings PLC                                               | CUSIP: 000000000<br>LEI: 549300NRVC84SGJSXV06 | Long             | EC               | CORP              | US        |     99398 | NS      | $564580.64    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Certara Inc                                                       | Certara Inc                                                       | CUSIP: 15687V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    107849 | NS      | $1225164.64   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Perdoceo Education Corp                                           | Perdoceo Education Corp                                           | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |     79655 | NS      | $2711456.20   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares Inc                                      | Texas Capital Bancshares Inc                                      | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     58655 | NS      | $4204976.95   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomad Foods Ltd                                                   | Nomad Foods Ltd                                                   | CUSIP: 000000000<br>LEI: 5493000ZZ1837DS2SI43 | Long             | EC               | CORP              | GB        |    161472 | NS      | $2825760.00   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Oscar Health Inc                                                  | Oscar Health Inc                                                  | CUSIP: 687793109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68286 | NS      | $942346.80    | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| Insmed Inc                                                        | Insmed Inc                                                        | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |     68173 | NS      | $4753703.29   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy Inc                                                    | PBF Energy Inc                                                    | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |     65312 | NS      | $1244193.60   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Pagaya Technologies Ltd                                           | Pagaya Technologies Ltd                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     86529 | NS      | $1422536.76   | 0.68%             |  |  |  | No            |                  1 | On Loan: —       |
| Evolent Health Inc                                                | Evolent Health Inc                                                | CUSIP: 30050B101<br>LEI: 549300CZOCFHQ2BBTR11 | Long             | EC               | CORP              | US        |    138555 | NS      | $1032234.75   | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| Mirum Pharmaceuticals Inc                                         | Mirum Pharmaceuticals Inc                                         | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               | CORP              | US        |     36532 | NS      | $1624212.72   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Corsair Gaming Inc                                                | Corsair Gaming Inc                                                | CUSIP: 22041X102<br>LEI: 549300Y7YT18L8G0H525 | Long             | EC               | CORP              | US        |    111230 | NS      | $977711.70    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Six Flags Entertainment Corp                                      | Six Flags Entertainment Corp                                      | CUSIP: 83001C108<br>LEI: 529900AS2CYWYFHRS781 | Long             | EC               | CORP              | US        |     27023 | NS      | $906891.88    | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| Privia Health Group Inc                                           | Privia Health Group Inc                                           | CUSIP: 74276R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    143135 | NS      | $3257752.60   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                                                    | Flowserve Corp                                                    | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     60884 | NS      | $3038720.44   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Inc                                                  | Viper Energy Inc                                                  | CUSIP: 927959106<br>LEI: 5299009LINL232255G03 | Long             | EC               | CORP              | US        |     74461 | NS      | $2955357.09   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc/The                                              | Ensign Group Inc/The                                              | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |      9725 | NS      | $1432103.50   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Matrix Service Co                                                 | Matrix Service Co                                                 | CUSIP: 576853105<br>LEI: 529900VYBKSX6HD2YW58 | Long             | EC               | CORP              | US        |     82308 | NS      | $1005803.76   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Dolby Laboratories Inc                                            | Dolby Laboratories Inc                                            | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |     34549 | NS      | $2565608.74   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Marex Group PLC                                                   | Marex Group PLC                                                   | CUSIP: 000000000<br>LEI: 549300DWX0SVICJAL507 | Long             | EC               | CORP              | GB        |     37882 | NS      | $1634987.12   | 0.78%             |  |  |  | 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        |   2044369 | NS      | $2044369.41   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                                           | KBR Inc                                                           | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     47523 | NS      | $2480225.37   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC                                         | Gates Industrial Corp PLC                                         | CUSIP: 000000000<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | US        |    134135 | NS      | $2836955.25   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                                                        | Alcoa Corp                                                        | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |     45927 | NS      | $1229465.79   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultra Clean Holdings Inc                                          | Ultra Clean Holdings Inc                                          | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |     30640 | NS      | $593496.80    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes PLC                                                      | Alkermes PLC                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     67729 | NS      | $2073184.69   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Methanex Corp                                                     | Methanex Corp                                                     | CUSIP: 59151K108<br>LEI: 549300TSJHRXT9QXRD13 | Long             | EC               | CORP              | CA        |     31650 | NS      | $1033056.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollie's Bargain Outlet Holding                                    | Ollie's Bargain Outlet Holdings Inc                               | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |     18073 | NS      | $2014235.85   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Supplying Demand Inc Com Stk                                      | Supplying Demand Inc Com Stk                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66937 | NS      | $845414.31    | 0.40%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Crescent Energy Co                                                | Crescent Energy Co                                                | CUSIP: 44952J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    294947 | NS      | $2474605.33   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Malibu Boats Inc                                                  | Malibu Boats Inc                                                  | CUSIP: 56117J100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56361 | NS      | $1698720.54   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp                                            | Synovus Financial Corp                                            | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |     48165 | NS      | $2303731.95   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Shutterstock Inc                                                  | Shutterstock Inc                                                  | CUSIP: 825690100<br>LEI: 529900G2TDIS56V0LO22 | Long             | EC               | CORP              | US        |     47719 | NS      | $880415.55    | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| Sun Country Airlines Holdings                                     | Sun Country Airlines Holdings Inc                                 | CUSIP: 866683105<br>LEI: 549300MOHOJN9GH0NJ48 | Long             | EC               | CORP              | US        |    154815 | NS      | $1792757.70   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| ACV Auctions Inc                                                  | ACV Auctions Inc                                                  | CUSIP: 00091G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    123731 | NS      | $2026713.78   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Corp                                                   | SouthState Corp                                                   | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     29922 | NS      | $2627151.60   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corp                                             | Envista Holdings Corp                                             | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |     66671 | NS      | $1218079.17   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries Inc                                    | Advanced Energy Industries Inc                                    | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |     27468 | NS      | $3152777.04   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| JFrog Ltd                                                         | JFrog Ltd                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49307 | NS      | $2117242.58   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corp                                               | Addus HomeCare Corp                                               | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |      9915 | NS      | $1099672.65   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT Partners Inc                                                  | PJT Partners Inc                                                  | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |     20017 | NS      | $3015761.22   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichor Holdings Ltd                                                | Ichor Holdings Ltd                                                | CUSIP: 000000000<br>LEI: 529900PS8R2JVLJ2H892 | Long             | EC               | CORP              | US        |     62139 | NS      | $980553.42    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group Inc                                                     | MYR Group Inc                                                     | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |     13568 | NS      | $2128140.80   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SkyWest Inc                                                       | SkyWest Inc                                                       | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |     37004 | NS      | $3754055.80   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| HA Sustainable Infrastructure                                     | HA Sustainable Infrastructure Capital Inc                         | CUSIP: 41068X100<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | EC               | CORP              | US        |     76236 | NS      | $1909711.80   | 0.91%             |  |  |  | No            |                  1 | On Loan: —       |
| LOCUS ROBOTICS                                                    | LOCUS ROBOTICS                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14518 | NS      | $616434.28    | 0.29%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Knife River Corp                                                  | Knife River Corp                                                  | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23829 | NS      | $2242308.90   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Co Inc                                          | Acadia Healthcare Co Inc                                          | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |     59071 | NS      | $1337367.44   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Spectrum Brands Holdings Inc                                      | Spectrum Brands Holdings Inc                                      | CUSIP: 84790A105<br>LEI: 549300JM0MJETDD30O20 | Long             | EC               | CORP              | US        |     35824 | NS      | $2069552.48   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohu Inc                                                          | Cohu Inc                                                          | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |     63517 | NS      | $1084235.19   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corp                                                | First Horizon Corp                                                | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |    223422 | NS      | $4441629.36   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corp                                                | CNX Resources Corp                                                | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |     67937 | NS      | $2193006.36   | 1.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Enpro Inc                                                         | Enpro Inc                                                         | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |      9763 | NS      | $1807521.82   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| First Merchants Corp                                              | First Merchants Corp                                              | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |     62678 | NS      | $2362960.60   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Enerpac Tool Group Corp                                           | Enerpac Tool Group Corp                                           | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |     61507 | NS      | $2637420.16   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc                                                    | BankUnited Inc                                                    | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |     60156 | NS      | $2044100.88   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp of Flori                                    | Seacoast Banking Corp of Florida                                  | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |    135297 | NS      | $3494721.51   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Financial Services In                                    | PennyMac Financial Services Inc                                   | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Long             | EC               | CORP              | US        |     18535 | NS      | $1779360.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                                                | Voya Financial Inc                                                | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |     33463 | NS      | $2225958.76   | 1.06%             |  |  |  | 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