UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number
811-07123
BNY Mellon Advantage Funds, Inc.
(Exact name of registrant as specified in charter)
c/o BNY Mellon Investment Adviser, Inc.
240 Greenwich Street
New York, New York 10286
(Address of Principal Executive Officer) (Zip Code)

Deirdre Cunnane, Esq.
240 Greenwich Street
New York, New York 10286
(Name and Address of Agent for Service)
Registrant's telephone number, including area code:
(212) 922-6400
Date of fiscal year end:
10/31
Date of reporting period:
4/30/25
The following N-CSR relates only to the Registrant's series listed below and does not relate to any series of the Registrant with a different fiscal year end and, therefore, different N-CSR reporting requirements. A separate N-CSR will be filed for any series with a different fiscal year end, as appropriate.
BNY Mellon Dynamic Total Return Fund
BNY Mellon Global Real Return Fund
ITEM 1 - Reports to Stockholders
BNY Mellon Dynamic Total Return Fund
SEMI-ANNUAL
SHAREHOLDER
REPORT
April 30, 2025
Class A – AVGAX
This semi-annual shareholder report contains important information about BNY Mellon Dynamic Total Return Fund (the “Fund”) for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at bny.com/investments/literaturecenter. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund’s costs for the last six months ?
(based on a hypothetical $10,000 investment)
Share Class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
Class A* $66 1.33%**
*
During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.
**
Annualized.
KEY FUND STATISTICS (AS OF 4/30/25 )

Fund Size (Millions)
Number of Holdings
Portfolio Turnover
$78 319 0.00%
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value
Portfolio Holdings (as of 4/30/25 )
Allocation of Holdings (Based on Total Net Exposure)
Graphical Representation - Top N Holdings Chart
* Amount represents less than .01%.
How has the Fund changed?
  • Effective March 1, 2025, BNY Mellon Investment Adviser, Inc. did not extend the management fee waiver of .10% of the value of the Fund’s average daily net assets.
This is a summary of certain changes to the Fund since November 1, 2024 . For more complete information, you may review the Fund’s current prospectus dated February 28, 2025 at bny.com/investments/literaturecenter  or upon request at 1-800-373-9387.
For additional information about the Fund, including its prospectus, financial information, portfolio holdings and proxy voting information, please visit bny.com/investments/literaturecenter .
© 2025 BNY Mellon Securities Corporation, Distributor,
240 Greenwich Street, 9th Floor, New York, NY 10286
Code-6140SA0425
TSR- BNY Investment Logo
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value
BNY Mellon Dynamic Total Return Fund
SEMI-ANNUAL
SHAREHOLDER
REPORT
April 30, 2025
Class C – AVGCX
This semi-annual shareholder report contains important information about BNY Mellon Dynamic Total Return Fund (the “Fund”) for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at bny.com/investments/literaturecenter. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund’s costs for the last six months ?
(based on a hypothetical $10,000 investment)
Share Class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
Class C* $102 2.08%**
*
During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.
**
Annualized.
KEY FUND STATISTICS (AS OF 4/30/25 )

Fund Size (Millions)
Number of Holdings
Portfolio Turnover
$78 319 0.00%
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value
Portfolio Holdings (as of 4/30/25 )
Allocation of Holdings (Based on Total Net Exposure)
Graphical Representation - Top N Holdings Chart
* Amount represents less than .01%.
How has the Fund changed?
  • Effective March 1, 2025, BNY Mellon Investment Adviser, Inc. did not extend the management fee waiver of .10% of the value of the Fund’s average daily net assets.
This is a summary of certain changes to the Fund since November 1, 2024 . For more complete information, you may review the Fund’s current prospectus dated February 28, 2025 at bny.com/investments/literaturecenter  or upon request at 1-800-373-9387.
For additional information about the Fund, including its prospectus, financial information, portfolio holdings and proxy voting information, please visit bny.com/investments/literaturecenter .
© 2025 BNY Mellon Securities Corporation, Distributor,
240 Greenwich Street, 9th Floor, New York, NY 10286
Code-6141SA0425
TSR- BNY Investment Logo
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value
BNY Mellon Dynamic Total Return Fund
SEMI-ANNUAL
SHAREHOLDER
REPORT
April 30, 2025
Class I – AVGRX
This semi-annual shareholder report contains important information about BNY Mellon Dynamic Total Return Fund (the “Fund”) for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at bny.com/investments/literaturecenter. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund’s costs for the last six months ?
(based on a hypothetical $10,000 investment)
Share Class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
Class I* $53 1.08%**
*
During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.
**
Annualized.
KEY FUND STATISTICS (AS OF 4/30/25 )

Fund Size (Millions)
Number of Holdings
Portfolio Turnover
$78 319 0.00%
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value
Portfolio Holdings (as of 4/30/25 )
Allocation of Holdings (Based on Total Net Exposure)
Graphical Representation - Top N Holdings Chart
* Amount represents less than .01%.
How has the Fund changed?
  • Effective March 1, 2025, BNY Mellon Investment Adviser, Inc. did not extend the management fee waiver of .10% of the value of the Fund’s average daily net assets.
This is a summary of certain changes to the Fund since November 1, 2024 . For more complete information, you may review the Fund’s current prospectus dated February 28, 2025 at bny.com/investments/literaturecenter  or upon request at 1-800-373-9387.
For additional information about the Fund, including its prospectus, financial information, portfolio holdings and proxy voting information, please visit bny.com/investments/literaturecenter .
© 2025 BNY Mellon Securities Corporation, Distributor,
240 Greenwich Street, 9th Floor, New York, NY 10286
Code-6142SA0425
TSR- BNY Investment Logo
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value
BNY Mellon Dynamic Total Return Fund
SEMI-ANNUAL
SHAREHOLDER
REPORT
April 30, 2025
Class Y – AVGYX
This semi-annual shareholder report contains important information about BNY Mellon Dynamic Total Return Fund (the “Fund”) for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at bny.com/investments/literaturecenter. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund’s costs for the last six months ?
(based on a hypothetical $10,000 investment)
Share Class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
Class Y* $53 1.08%**
*
During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.
**
Annualized.
KEY FUND STATISTICS (AS OF 4/30/25 )

Fund Size (Millions)
Number of Holdings
Portfolio Turnover
$78 319 0.00%
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value
Portfolio Holdings (as of 4/30/25 )
Allocation of Holdings (Based on Total Net Exposure)
Graphical Representation - Top N Holdings Chart
* Amount represents less than .01%.
How has the Fund changed?
  • Effective March 1, 2025, BNY Mellon Investment Adviser, Inc. did not extend the management fee waiver of .10% of the value of the Fund’s average daily net assets.
This is a summary of certain changes to the Fund since November 1, 2024 . For more complete information, you may review the Fund’s current prospectus dated February 28, 2025 at bny.com/investments/literaturecenter  or upon request at 1-800-373-9387.
For additional information about the Fund, including its prospectus, financial information, portfolio holdings and proxy voting information, please visit bny.com/investments/literaturecenter .
© 2025 BNY Mellon Securities Corporation, Distributor,
240 Greenwich Street, 9th Floor, New York, NY 10286
Code-0206SA0425
TSR- BNY Investment Logo
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value
BNY Mellon Global Real Return Fund
SEMI-ANNUAL
SHAREHOLDER
REPORT
April 30, 2025
Class A – DRRAX
This semi-annual shareholder report contains important information about BNY Mellon Global Real Return Fund (the “Fund”) for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at bny.com/investments/literaturecenter. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.
What were the Fund’s costs for the last six months ?
(based on a hypothetical $10,000 investment)
Share Class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
Class A* $57 1.15%**
*
During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.
**
Annualized.
KEY FUND STATISTICS (AS OF 4/30/25 )

Fund Size (Millions)
Number of Holdings
Portfolio Turnover
$866 154 51.13%
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value
Portfolio Holdings (as of 4/30/25 )
Country Allocation (Based on Net Assets)
Graphical Representation - Top N Holdings Chart
Allocation of Holdings (Based on Total Net Exposure)
Graphical Representation - Allocation 1 Chart
For additional information about the Fund, including its prospectus, financial information, portfolio holdings and proxy voting information, please visit bny.com/investments/literaturecenter .
© 2025 BNY Mellon Securities Corporation, Distributor,
240 Greenwich Street, 9th Floor, New York, NY 10286
Code-6278SA0425
TSR- BNY Investment Logo
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value
BNY Mellon Global Real Return Fund
SEMI-ANNUAL
SHAREHOLDER
REPORT
April 30, 2025
Class C – DRRCX
This semi-annual shareholder report contains important information about BNY Mellon Global Real Return Fund (the “Fund”) for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at bny.com/investments/literaturecenter. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.
What were the Fund’s costs for the last six months ?
(based on a hypothetical $10,000 investment)
Share Class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
Class C* $94 1.90%**
*
During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.
**
Annualized.
KEY FUND STATISTICS (AS OF 4/30/25 )

Fund Size (Millions)
Number of Holdings
Portfolio Turnover
$866 154 51.13%
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value
Portfolio Holdings (as of 4/30/25 )
Country Allocation (Based on Net Assets)
Graphical Representation - Top N Holdings Chart
Allocation of Holdings (Based on Total Net Exposure)
Graphical Representation - Allocation 1 Chart
For additional information about the Fund, including its prospectus, financial information, portfolio holdings and proxy voting information, please visit bny.com/investments/literaturecenter .
© 2025 BNY Mellon Securities Corporation, Distributor,
240 Greenwich Street, 9th Floor, New York, NY 10286
Code-6279SA0425
TSR- BNY Investment Logo
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value
BNY Mellon Global Real Return Fund
SEMI-ANNUAL
SHAREHOLDER
REPORT
April 30, 2025
Class I – DRRIX
This semi-annual shareholder report contains important information about BNY Mellon Global Real Return Fund (the “Fund”) for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at bny.com/investments/literaturecenter. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.
What were the Fund’s costs for the last six months ?
(based on a hypothetical $10,000 investment)
Share Class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
Class I* $45 0.90%**
*
During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.
**
Annualized.
KEY FUND STATISTICS (AS OF 4/30/25 )

Fund Size (Millions)
Number of Holdings
Portfolio Turnover
$866 154 51.13%
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value
Portfolio Holdings (as of 4/30/25 )
Country Allocation (Based on Net Assets)
Graphical Representation - Top N Holdings Chart
Allocation of Holdings (Based on Total Net Exposure)
Graphical Representation - Allocation 1 Chart
For additional information about the Fund, including its prospectus, financial information, portfolio holdings and proxy voting information, please visit bny.com/investments/literaturecenter .
© 2025 BNY Mellon Securities Corporation, Distributor,
240 Greenwich Street, 9th Floor, New York, NY 10286
Code-6280SA0425
TSR- BNY Investment Logo
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value
BNY Mellon Global Real Return Fund
SEMI-ANNUAL
SHAREHOLDER
REPORT
April 30, 2025
Class Y – DRRYX
This semi-annual shareholder report contains important information about BNY Mellon Global Real Return Fund (the “Fund”) for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at bny.com/investments/literaturecenter. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.
What were the Fund’s costs for the last six months ?
(based on a hypothetical $10,000 investment)
Share Class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
Class Y* $41 0.82%**
*
During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.
**
Annualized.
KEY FUND STATISTICS (AS OF 4/30/25 )

Fund Size (Millions)
Number of Holdings
Portfolio Turnover
$866 154 51.13%
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value
Portfolio Holdings (as of 4/30/25 )
Country Allocation (Based on Net Assets)
Graphical Representation - Top N Holdings Chart
Allocation of Holdings (Based on Total Net Exposure)
Graphical Representation - Allocation 1 Chart
For additional information about the Fund, including its prospectus, financial information, portfolio holdings and proxy voting information, please visit bny.com/investments/literaturecenter .
© 2025 BNY Mellon Securities Corporation, Distributor,
240 Greenwich Street, 9th Floor, New York, NY 10286
Code-0097SA0425
TSR- BNY Investment Logo
Not FDIC Insured. Not Bank-Guaranteed. May Lose Value

Item 2. Code of Ethics.

Not applicable.

Item 3. Audit Committee Financial Expert.

Not applicable.

Item 4. Principal Accountant Fees and Services.

Not applicable.

Item 5. Audit Committee of Listed Registrants.

Not applicable.

Item 6. Investments.

Not applicable.

 
BNY Mellon Dynamic Total Return Fund
SEMI-ANNUAL FINANCIALS AND OTHER INFORMATION
April 30, 2025
 
Class
Ticker
A
AVGAX
C
AVGCX
I
AVGRX
Y
AVGYX
Save time. Save paper. View your next shareholder report online as soon as it’s available. Log into www.bny.com/investments and sign up for eCommunications. It’s simple and only takes a few minutes.
The views expressed in this report reflect those of the portfolio manager(s) only through the end of the period covered and do not necessarily represent the views of BNY Mellon Investment Adviser, Inc. or any other person in the BNY Mellon Investment Adviser, Inc. organization. Any such views are subject to change at any time based upon market or other conditions and BNY Mellon Investment Adviser, Inc. disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a fund in the BNY Mellon Family of Funds are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any fund in the BNY Mellon
Family of Funds.
Not FDIC-Insured • Not Bank-Guaranteed • May Lose Value
Contents
The Fund
Please note the Semi-Annual Financials and Other Information only contains Items 7-11 required in Form N-CSR. All other required items will be filed with the Securities and Exchange Commission (the “SEC”).
 
Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies. 
BNY Mellon Dynamic Total Return Fund
CONSOLIDATED STATEMENT OF INVESTMENTS
April 30, 2025 (Unaudited)

 
Description
 
 
 
Shares
Value ($)
Exchange-Traded Funds — 4.8%
Registered Investment Companies — 4.8%
VanEck J. P. Morgan EM Local Currency Bond ETF
(cost $3,689,360)
152,047
3,720,590
 
Description/Number of Contracts
 
Exercise
Price
Expiration
Date
Notional
Amount ($)
 
Options Purchased — .6%
Call Options — .0%
S&P 500 E-mini 3rd Week  June Future, Contracts 28
6,000
5/16/2025
8,400,000
2,590
S&P 500 E-mini 3rd Week  June Future, Contracts 58
5,800
5/16/2025
16,820,000
53,650
 
56,240
Put Options — .6%
S&P 500 E-mini June Future, Contracts 57
5,550
6/20/2025
15,817,500
458,850
Total Options Purchased
(cost $652,869)
515,090
 
Description
 
Annualized
Yield (%)
Maturity
Date
Principal
Amount ($)
 
Short-Term Investments — 76.9%
U.S. Government Securities — 76.9%
U.S. Treasury Bills(a)
4.26
8/7/2025
47,263,700
46,726,374
U.S. Treasury Bills(a),(b)
4.26
8/7/2025
13,500,000
13,346,523
Total Short-Term Investments
(cost $60,076,664)
60,072,897
 
 
 
1-Day
Yield (%)
 
Shares
 
Investment Companies — 8.2%
Registered Investment Companies — 8.2%
Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares(c)
(cost $6,382,335)
4.45
6,382,335
6,382,335
Total Investments (cost $70,801,228)
 
     90.5%
70,690,912
Cash and Receivables (Net)
 
      9.5%
 7,424,923
Net Assets
    100.0%
78,115,835
 
ETF—Exchange-Traded Fund
 
(a)
Security is a discount security. Income is recognized through the accretion of discount.
(b)
These securities are wholly-owned by the Subsidiary referenced in Note 1.
(c)
Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company’s
prospectus.
 
Affiliated Issuers
Description
Value ($)
10/31/2024
Purchases ($)†
Sales ($)
Value ($)
4/30/2025
Dividends/
Distributions ($)
Registered Investment Companies - 8.2%
Dreyfus Institutional Preferred Government Plus Money
Market Fund, Institutional Shares - 8.2%
10,473,586
24,394,971
(28,486,222)
6,382,335
162,838
 
†
Includes reinvested dividends/distributions.
3
CONSOLIDATED STATEMENT OF INVESTMENTS (Unaudited) (continued)
 
Futures
Description
Number of
Contracts
Expiration
Notional
Value ($)
Market
Value ($)
Unrealized
Appreciation
(Depreciation) ($)
Futures Long
S&P/ASX Australian 10-Year Treasury Bond (Dollar
Values Index)
59
6/16/2025
4,284,998(a)
4,345,073
60,075
Brent Crude Oil
12
8/29/2025
766,350(b)
723,840
(42,510)
Canadian 10 Year Bond
12
6/19/2025
1,066,167(a)
1,076,396
10,229
Coffee “C”
2
9/18/2025
281,566(b)
295,013
13,447
Copper
5
7/29/2025
636,393(b)
576,125
(60,268)
Cotton No.2
9
7/9/2025
310,264(b)
297,090
(13,174)
Crude Oil WTI
18
8/20/2025
1,049,452(b)
1,023,840
(25,612)
Gasoline
5
8/29/2025
423,191(b)
403,515
(19,676)
Hang Seng Index
6
5/29/2025
849,337(a)
854,324
4,987
Hard Red Winter Wheat
8
9/12/2025
229,961(b)
217,700
(12,261)
IBEX 35 Index
12
5/16/2025
1,738,017(a)
1,800,851
62,834
10-Year Mini Japanese Government Bond
23
6/12/2025
2,267,107(a)
2,262,519
(4,589)
LME Primary Aluminum
24
6/18/2025
1,527,934(b)
1,439,802
(88,132)
LME Primary Aluminum
5
5/21/2025
325,618(b)
298,399
(27,219)
LME Primary Aluminum
10
9/17/2025
615,720(b)
601,960
(13,760)
LME Primary Nickel
1
5/21/2025
93,419(b)
91,620
(1,799)
LME Primary Nickel
2
6/18/2025
188,376(b)
184,042
(4,334)
LME Refined Pig Lead
6
5/21/2025
298,702(b)
293,658
(5,044)
LME Refined Pig Lead
28
6/18/2025
1,413,309(b)
1,371,412
(41,897)
LME Refined Pig Lead
10
9/17/2025
493,638(b)
493,375
(263)
LME Zinc
3
5/21/2025
215,769(b)
192,768
(23,001)
LME Zinc
17
6/18/2025
1,192,681(b)
1,096,547
(96,134)
LME Zinc
1
7/16/2025
64,876(b)
64,664
(212)
Long Gilt
44
6/26/2025
5,393,766
5,483,900
90,134
Low Sulphur Gas Oil
14
8/12/2025
865,560(b)
828,800
(36,760)
Natural Gas
2
8/27/2025
73,556(b)
74,360
804
NY Harbor ULSD
3
8/29/2025
255,491(b)
251,647
(3,844)
NYMEX Palladium
3
9/26/2025
287,157(b)
283,350
(3,807)
S&P 500 E-mini
71
6/20/2025
19,481,616(a)
19,833,850
352,234
Soybean
63
8/14/2025
3,242,254(b)
3,270,488
28,233
Sugar No.11
4
9/30/2025
80,475(b)
78,042
(2,433)
Tokyo Topix Index
12
6/12/2025
2,155,073(a)
2,236,257
81,184
10 Year U.S. Treasury Note
144
6/18/2025
15,959,244
16,159,500
200,256
Futures Short
Brent Crude Oil
1
9/30/2025
61,568(b)
60,310
1,258
CAC 40 10 Euro
31
5/16/2025
2,456,221(a)
2,644,938
(188,717)
Chicago SRW Wheat
9
9/12/2025
258,648(b)
245,250
13,398
Cocoa
11
9/15/2025
958,268(b)
943,580
14,688
Corn No.2 Yellow
163
9/12/2025
3,713,540(b)
3,561,550
151,989
Cotton No.2
1
12/8/2025
34,432(b)
33,895
537
Crude Soybean Oil
80
8/14/2025
2,336,693(b)
2,348,160
(11,467)
DAX Index
3
6/20/2025
1,979,402(a)
1,920,605
58,797
Euro Stoxx 50 Index
2
6/20/2025
108,242(a)
115,709
(7,467)
Euro-Bund
17
6/6/2025
2,522,971(a)
2,537,878
(14,907)
FTSE 100 Index
11
6/20/2025
1,213,028(a)
1,240,797
(27,769)
4
Futures (continued)
Description
Number of
Contracts
Expiration
Notional
Value ($)
Market
Value ($)
Unrealized
Appreciation
(Depreciation) ($)
FTSE/MIB Index
8
6/20/2025
1,621,965(a)
1,679,428
(57,463)
Gold 100 oz
1
8/27/2025
336,317(b)
334,790
1,527
Lean Hog
4
8/14/2025
146,336(b)
155,440
(9,104)
Lean Hog
1
10/14/2025
30,537(b)
32,840
(2,303)
Live Cattle
3
8/29/2025
234,699(b)
244,860
(10,161)
LME Primary Aluminum
24
6/18/2025
1,481,785(b)
1,439,802
41,983
LME Primary Aluminum
5
5/21/2025
319,353(b)
298,399
20,954
LME Primary Aluminum
1
7/16/2025
59,802(b)
59,966
(164)
LME Primary Aluminum
11
9/17/2025
662,637(b)
662,156
481
LME Primary Nickel
2
6/18/2025
183,954(b)
184,042
(88)
LME Primary Nickel
1
5/21/2025
93,051(b)
91,620
1,431
LME Primary Nickel
2
9/17/2025
190,960(b)
186,442
4,518
LME Refined Pig Lead
28
6/18/2025
1,376,751(b)
1,371,412
5,339
LME Refined Pig Lead
6
5/21/2025
295,295(b)
293,658
1,637
LME Refined Pig Lead
1
7/16/2025
46,977(b)
49,001
(2,024)
LME Refined Pig Lead
10
9/17/2025
475,208(b)
493,375
(18,167)
LME Zinc
17
6/18/2025
1,207,044(b)
1,096,547
110,497
LME Zinc
3
5/21/2025
210,342(b)
192,768
17,574
LME Zinc
1
7/16/2025
66,025(b)
64,664
1,361
LME Zinc
9
9/17/2025
613,436(b)
585,301
28,134
Low Sulphur Gas Oil
1
9/11/2025
60,323(b)
59,325
998
Platinum
5
7/29/2025
248,341(b)
242,350
5,991
S&P/TSX 60 Index
1
6/19/2025
201,681(a)
216,887
(15,206)
Silver
2
7/29/2025
349,673(b)
328,280
21,393
Soybean Meal
22
8/14/2025
656,832(b)
660,220
(3,388)
Soybean Meal
1
12/12/2025
30,807(b)
30,380
427
Gross Unrealized Appreciation
1,409,329
Gross Unrealized Depreciation
(895,124)
 
(a)
Notional amounts in foreign currency have been converted to USD using relevant foreign exchange rates.
(b)
These securities are wholly-owned by the Subsidiary referenced in Note 1.
 
Options Written
 
 
 
 
 
Description/Contracts
Exercise Price
Expiration
Date
Notional
Amount ($)
 
Value ($)
Put Options:
S&P 500 E-mini June Future, Contracts 57
4,850
6/20/2025
13,822,500
(86,213)
Total Options Written
(premiums received $107,481)
(86,213)
 
Forward Foreign Currency Exchange Contracts
Counterparty/
Purchased
Currency
Purchased
Currency
Amounts
Currency
Sold
Sold
Currency
Amounts
Settlement
Date
Unrealized
Appreciation
(Depreciation) ($)
Bank of America Corp.
Japanese Yen
25,324,000
United States Dollar
169,224
6/18/2025
8,870
United States Dollar
854,249
Canadian Dollar
1,183,000
6/18/2025
(6,028)
5
CONSOLIDATED STATEMENT OF INVESTMENTS (Unaudited) (continued)
Forward Foreign Currency Exchange Contracts (continued)
Counterparty/
Purchased
Currency
Purchased
Currency
Amounts
Currency
Sold
Sold
Currency
Amounts
Settlement
Date
Unrealized
Appreciation
(Depreciation) ($)
Bank of America Corp. (continued)
Indonesian Rupiah
1,530,589,000
United States Dollar
90,809
6/18/2025
1,211
United States Dollar
869,841
Swedish Krona
8,431,000
6/18/2025
(5,099)
United States Dollar
1,872,596
British Pound
1,465,000
6/18/2025
(80,175)
Israeli Shekel
1,933,000
United States Dollar
515,989
6/18/2025
15,904
Australian Dollar
1,003,000
United States Dollar
632,766
6/18/2025
10,052
British Pound
2,437,000
United States Dollar
3,199,257
6/18/2025
49,140
Australian Dollar
1,424,000
United States Dollar
899,716
6/18/2025
12,919
New Zealand Dollar
1,483,000
United States Dollar
853,991
6/18/2025
28,237
United States Dollar
1,539,598
British Pound
1,189,000
6/18/2025
(45,278)
Hungarian Forint
39,343,000
United States Dollar
107,613
6/18/2025
2,312
United States Dollar
1,531,331
British Pound
1,199,000
6/18/2025
(66,875)
Euro
3,868,000
United States Dollar
4,335,538
6/18/2025
59,895
New Zealand Dollar
1,322,000
United States Dollar
790,119
6/18/2025
(3,669)
United States Dollar
1,261,034
New Zealand Dollar
2,162,000
6/18/2025
(25,128)
Czech Koruna
1,448,000
United States Dollar
62,753
6/18/2025
3,063
United States Dollar
1,465,722
New Zealand Dollar
2,614,000
6/18/2025
(89,332)
United States Dollar
361,362
South African Rand
7,090,000
6/18/2025
(18,302)
United States Dollar
1,270,614
British Pound
949,000
6/18/2025
5,646
Swiss Franc
2,682,000
United States Dollar
3,149,006
6/18/2025
120,319
British Pound
1,276,000
United States Dollar
1,666,506
6/18/2025
34,337
Canadian Dollar
2,188,000
United States Dollar
1,563,338
6/18/2025
27,775
Canadian Dollar
1,122,000
United States Dollar
794,820
6/18/2025
21,098
Australian Dollar
430,000
United States Dollar
275,731
6/18/2025
(146)
United States Dollar
1,555,188
Australian Dollar
2,444,000
6/18/2025
(11,161)
British Pound
716,000
United States Dollar
914,947
6/18/2025
39,444
United States Dollar
145,654
Mexican Peso
2,931,000
6/18/2025
(2,806)
Bank of Montreal
Swedish Krona
296,000
United States Dollar
31,245
6/18/2025
(527)
United States Dollar
76,870
Swedish Krona
753,000
6/18/2025
(1,274)
United States Dollar
87,544
New Zealand Dollar
151,000
6/18/2025
(2,285)
Swiss Franc
31,000
United States Dollar
38,413
6/18/2025
(624)
United States Dollar
85,019
Norwegian Krone
913,000
6/18/2025
(2,742)
Canadian Dollar
85,000
United States Dollar
59,716
6/18/2025
2,096
Norwegian Krone
323,000
United States Dollar
31,277
6/18/2025
(229)
Barclays Capital, Inc.
United States Dollar
4,185,688
South Korean Won
6,050,956,000
6/18/2025
(84,751)
Malaysian Ringgit
2,411,000
United States Dollar
547,706
6/18/2025
12,037
Hungarian Forint
48,082,000
United States Dollar
128,261
6/18/2025
6,082
Mexican Peso
64,122,000
United States Dollar
3,133,270
6/18/2025
114,628
United States Dollar
293,433
Brazilian Real
1,765,000
6/18/2025
(13,891)
United States Dollar
411,114
Malaysian Ringgit
1,820,000
6/18/2025
(11,421)
Citigroup Global Markets, Inc.
United States Dollar
488,366
Norwegian Krone
5,079,000
6/18/2025
153
United States Dollar
1,044,712
Canadian Dollar
1,497,000
6/18/2025
(43,906)
United States Dollar
134,373
Mexican Peso
2,792,000
6/18/2025
(7,046)
6
Forward Foreign Currency Exchange Contracts (continued)
Counterparty/
Purchased
Currency
Purchased
Currency
Amounts
Currency
Sold
Sold
Currency
Amounts
Settlement
Date
Unrealized
Appreciation
(Depreciation) ($)
Citigroup Global Markets, Inc. (continued)
United States Dollar
1,044,346
Swedish Krona
10,255,000
6/18/2025
(19,882)
New Zealand Dollar
7,039,000
United States Dollar
4,051,015
6/18/2025
136,446
Canadian Dollar
207,000
United States Dollar
145,136
6/18/2025
5,395
British Pound
682,000
United States Dollar
880,073
6/18/2025
28,999
United States Dollar
221,829
Euro
201,000
6/18/2025
(6,579)
Chilean Peso
66,408,000
United States Dollar
69,766
6/18/2025
343
Australian Dollar
264,000
United States Dollar
166,132
6/18/2025
3,064
Australian Dollar
1,760,000
United States Dollar
1,121,847
6/18/2025
6,129
Swedish Krona
5,240,000
United States Dollar
525,391
6/18/2025
18,398
United States Dollar
1,868,977
British Pound
1,446,000
6/18/2025
(58,467)
Swiss Franc
649,000
United States Dollar
741,121
6/18/2025
50,002
United States Dollar
910,426
Swedish Krona
8,776,000
6/18/2025
(318)
Canadian Dollar
778,000
United States Dollar
543,217
6/18/2025
22,545
Swedish Krona
11,581,000
United States Dollar
1,167,167
6/18/2025
34,670
British Pound
288,000
United States Dollar
383,550
6/18/2025
340
United States Dollar
1,054,041
Swiss Franc
845,000
6/18/2025
23,996
Japanese Yen
73,109,000
United States Dollar
511,140
6/18/2025
3,006
Euro
770,000
United States Dollar
877,197
6/18/2025
(2,202)
Czech Koruna
14,892,000
United States Dollar
665,268
6/18/2025
11,614
Euro
336,000
United States Dollar
367,620
6/18/2025
14,196
United States Dollar
4,013,022
Japanese Yen
576,588,000
6/18/2025
(41,892)
Swiss Franc
793,000
United States Dollar
973,615
6/18/2025
(6,958)
United States Dollar
679,613
Swiss Franc
557,000
6/18/2025
636
United States Dollar
542,403
Norwegian Krone
5,782,000
6/18/2025
(13,385)
United States Dollar
938,067
Swedish Krona
9,352,000
6/18/2025
(32,451)
United States Dollar
83,861
Philippine Peso
4,817,000
6/18/2025
(2,269)
United States Dollar
192,173
Euro
169,000
6/18/2025
128
Euro
5,000,000
United States Dollar
5,556,453
6/18/2025
125,338
New Zealand Dollar
759,000
United States Dollar
423,658
6/18/2025
27,867
British Pound
1,157,000
United States Dollar
1,525,428
6/18/2025
16,794
Euro
665,000
United States Dollar
759,127
6/18/2025
(3,449)
United States Dollar
1,812,236
Swiss Franc
1,493,000
6/18/2025
(7,713)
United States Dollar
21,273,130
Euro
19,443,365
6/18/2025
(821,499)
United States Dollar
2,276,255
Norwegian Krone
24,597,000
6/18/2025
(88,103)
United States Dollar
93,049
South African Rand
1,776,000
6/18/2025
(2,055)
Chilean Peso
98,601,000
United States Dollar
99,441
6/18/2025
4,654
Swiss Franc
504,000
United States Dollar
576,321
6/18/2025
38,049
United States Dollar
418,732
Swedish Krona
4,187,000
6/18/2025
(15,781)
United States Dollar
213,550
Japanese Yen
31,369,000
6/18/2025
(7,056)
United States Dollar
5,506,199
Australian Dollar
8,749,874
6/18/2025
(101,556)
Euro
916,000
United States Dollar
1,001,648
6/18/2025
39,256
Euro
586,000
United States Dollar
667,333
6/18/2025
(1,427)
Swiss Franc
394,000
United States Dollar
451,528
6/18/2025
28,753
Indonesian Rupiah
1,753,507,000
United States Dollar
103,169
6/18/2025
2,253
Canadian Dollar
763,000
United States Dollar
552,879
6/18/2025
1,975
7
CONSOLIDATED STATEMENT OF INVESTMENTS (Unaudited) (continued)
Forward Foreign Currency Exchange Contracts (continued)
Counterparty/
Purchased
Currency
Purchased
Currency
Amounts
Currency
Sold
Sold
Currency
Amounts
Settlement
Date
Unrealized
Appreciation
(Depreciation) ($)
Citigroup Global Markets, Inc. (continued)
Swiss Franc
478,000
United States Dollar
562,203
6/18/2025
20,473
United States Dollar
790,864
Mexican Peso
16,398,000
6/18/2025
(39,725)
United States Dollar
536,614
Norwegian Krone
5,760,000
6/18/2025
(17,059)
United States Dollar
505,407
Swedish Krona
4,970,000
6/18/2025
(10,362)
United States Dollar
1,428,573
British Pound
1,103,000
6/18/2025
(41,670)
Indonesian Rupiah
8,439,626,000
United States Dollar
510,502
6/18/2025
(3,103)
Euro
333,000
United States Dollar
379,393
6/18/2025
(985)
United States Dollar
1,289,317
Norwegian Krone
13,605,000
6/18/2025
(18,448)
Norwegian Krone
6,721,000
United States Dollar
627,891
6/18/2025
18,157
British Pound
84,000
United States Dollar
108,975
6/18/2025
2,993
Canadian Dollar
5,224,000
United States Dollar
3,744,435
6/18/2025
54,457
Indian Rupee
191,976,000
United States Dollar
2,187,344
6/18/2025
76,877
Goldman Sachs & Co. LLC
United States Dollar
2,614,198
Israeli Shekel
9,499,000
6/18/2025
411
British Pound
528,000
United States Dollar
683,848
6/18/2025
19,949
New Zealand Dollar
1,052,000
United States Dollar
632,290
6/18/2025
(6,461)
Australian Dollar
4,989,000
United States Dollar
3,114,563
6/18/2025
82,865
South Korean Won
139,137,000
United States Dollar
94,654
6/18/2025
3,541
United States Dollar
768,288
Swedish Krona
7,651,000
6/18/2025
(25,706)
Japanese Yen
93,459,000
United States Dollar
656,241
6/18/2025
1,019
Swiss Franc
602,000
United States Dollar
688,175
6/18/2025
45,656
United States Dollar
76,463
South Korean Won
110,523,000
6/18/2025
(1,539)
Brazilian Real
788,000
United States Dollar
138,452
6/18/2025
(1,244)
Polish Zloty
329,000
United States Dollar
83,824
6/18/2025
3,100
Brazilian Real
26,024,000
United States Dollar
4,382,030
6/18/2025
149,305
Australian Dollar
1,830,000
United States Dollar
1,170,534
6/18/2025
2,305
Polish Zloty
122,000
United States Dollar
31,528
6/18/2025
705
New Zealand Dollar
674,817
United States Dollar
385,529
6/18/2025
15,916
United States Dollar
490,398
Malaysian Ringgit
2,196,000
6/18/2025
(19,430)
United States Dollar
1,100,039
Australian Dollar
1,747,000
6/18/2025
(19,606)
Canadian Dollar
1,182,000
United States Dollar
836,583
6/18/2025
22,967
Swiss Franc
1,045,000
United States Dollar
1,228,185
6/18/2025
45,657
Australian Dollar
477,000
United States Dollar
287,455
6/18/2025
18,252
United States Dollar
1,045,891
Australian Dollar
1,736,000
6/18/2025
(66,703)
Swiss Franc
696,000
United States Dollar
795,740
6/18/2025
52,676
Philippine Peso
10,154,000
United States Dollar
176,745
6/18/2025
4,813
Euro
1,263,000
United States Dollar
1,370,460
6/18/2025
64,761
United States Dollar
1,028,083
Australian Dollar
1,697,000
6/18/2025
(59,516)
United States Dollar
527,960
Indian Rupee
45,724,000
6/18/2025
(11,322)
Euro
1,064,000
United States Dollar
1,164,404
6/18/2025
44,681
Malaysian Ringgit
5,887,000
United States Dollar
1,333,409
6/18/2025
33,328
Canadian Dollar
2,944,000
United States Dollar
2,123,122
6/18/2025
17,754
United States Dollar
1,040,843
Chilean Peso
968,817,000
6/18/2025
18,039
Malaysian Ringgit
2,123,000
United States Dollar
479,991
6/18/2025
12,889
Chilean Peso
175,166,000
United States Dollar
177,320
6/18/2025
7,607
8
Forward Foreign Currency Exchange Contracts (continued)
Counterparty/
Purchased
Currency
Purchased
Currency
Amounts
Currency
Sold
Sold
Currency
Amounts
Settlement
Date
Unrealized
Appreciation
(Depreciation) ($)
Goldman Sachs & Co. LLC (continued)
Polish Zloty
236,000
United States Dollar
61,606
6/18/2025
747
New Zealand Dollar
2,118,000
United States Dollar
1,246,138
6/18/2025
13,848
United States Dollar
2,995,078
British Pound
2,312,000
6/18/2025
(86,700)
Indian Rupee
5,351,000
United States Dollar
61,675
6/18/2025
1,436
United States Dollar
315,375
Norwegian Krone
3,298,000
6/18/2025
(1,641)
United States Dollar
480,222
Norwegian Krone
5,081,000
6/18/2025
(8,184)
United States Dollar
1,398,969
Japanese Yen
202,620,000
6/18/2025
(25,976)
United States Dollar
962,885
Euro
848,000
6/18/2025
(747)
United States Dollar
736,878
Norwegian Krone
7,602,000
6/18/2025
6,145
HSBC Securities (USA), Inc.
British Pound
74,000
United States Dollar
99,058
6/18/2025
(420)
United States Dollar
171,291
Japanese Yen
24,397,000
6/18/2025
(283)
J.P. Morgan Securities LLC
Indian Rupee
7,248,000
United States Dollar
84,274
6/18/2025
1,211
United States Dollar
129,107
Canadian Dollar
179,000
6/18/2025
(1,062)
United States Dollar
225,546
Indian Rupee
19,689,000
6/18/2025
(6,672)
Indonesian Rupiah
1,194,434,000
United States Dollar
71,738
6/18/2025
73
Israeli Shekel
396,000
United States Dollar
105,579
6/18/2025
3,386
Brazilian Real
830,000
United States Dollar
141,590
6/18/2025
2,931
Brazilian Real
974,000
United States Dollar
167,268
6/18/2025
2,327
Morgan Stanley & Co. LLC
Czech Koruna
1,688,000
United States Dollar
76,362
6/18/2025
363
United States Dollar
208,829
British Pound
160,000
6/18/2025
(4,443)
United States Dollar
48,504
Australian Dollar
77,000
6/18/2025
(845)
Hungarian Forint
165,778,000
United States Dollar
450,114
6/18/2025
13,074
United States Dollar
555,922
British Pound
429,000
6/18/2025
(15,913)
United States Dollar
806,024
British Pound
607,000
6/18/2025
(3,076)
United States Dollar
381,554
New Zealand Dollar
665,000
6/18/2025
(14,051)
United States Dollar
576,045
Malaysian Ringgit
2,549,000
6/18/2025
(15,735)
South African Rand
22,807,000
United States Dollar
1,230,321
6/18/2025
(9,022)
United States Dollar
489,825
Swiss Franc
405,000
6/18/2025
(3,865)
Mexican Peso
1,250,000
United States Dollar
60,630
6/18/2025
2,685
United States Dollar
518,757
British Pound
392,000
6/18/2025
(3,759)
United States Dollar
2,836,007
Czech Koruna
65,034,000
6/18/2025
(119,967)
United States Dollar
369,757
Euro
324,000
6/18/2025
1,577
Euro
1,038,000
United States Dollar
1,125,469
6/18/2025
54,071
Canadian Dollar
349,000
United States Dollar
243,266
6/18/2025
10,527
United States Dollar
728,126
Swedish Krona
7,269,000
6/18/2025
(26,226)
South African Rand
2,005,000
United States Dollar
108,368
6/18/2025
(1,001)
United States Dollar
48,194
New Zealand Dollar
84,000
6/18/2025
(1,777)
United States Dollar
240,720
Mexican Peso
4,844,000
6/18/2025
(4,637)
United States Dollar
91,156
Japanese Yen
13,557,000
6/18/2025
(4,185)
United States Dollar
72,897
Canadian Dollar
104,000
6/18/2025
(2,731)
United States Dollar
101,516
Polish Zloty
385,000
6/18/2025
(203)
Australian Dollar
1,285,000
United States Dollar
811,553
6/18/2025
11,998
9
CONSOLIDATED STATEMENT OF INVESTMENTS (Unaudited) (continued)
Forward Foreign Currency Exchange Contracts (continued)
Counterparty/
Purchased
Currency
Purchased
Currency
Amounts
Currency
Sold
Sold
Currency
Amounts
Settlement
Date
Unrealized
Appreciation
(Depreciation) ($)
Morgan Stanley & Co. LLC (continued)
United States Dollar
561,854
New Zealand Dollar
990,000
6/18/2025
(27,092)
United States Dollar
16,264,655
Canadian Dollar
23,334,013
6/18/2025
(703,835)
Euro
402,000
United States Dollar
436,101
6/18/2025
20,715
Mexican Peso
3,161,000
United States Dollar
156,878
6/18/2025
3,233
RBC Capital Markets, LLC
United States Dollar
1,221,899
Brazilian Real
7,354,000
6/18/2025
(58,590)
United States Dollar
472,201
Philippine Peso
27,135,000
6/18/2025
(12,985)
Swiss Franc
2,109,000
United States Dollar
2,532,518
6/18/2025
38,328
United States Dollar
2,344,828
Australian Dollar
3,857,000
6/18/2025
(127,106)
Euro
782,000
United States Dollar
847,000
6/18/2025
41,632
Japanese Yen
1,982,263,015
United States Dollar
13,539,617
6/18/2025
400,847
United States Dollar
750,626
New Zealand Dollar
1,294,000
6/18/2025
(19,167)
Canadian Dollar
681,000
United States Dollar
479,749
6/18/2025
15,474
United States Dollar
859,223
New Zealand Dollar
1,541,000
6/18/2025
(57,509)
Swiss Franc
2,472,000
United States Dollar
2,909,923
6/18/2025
103,415
United States Dollar
88,645
Polish Zloty
341,000
6/18/2025
(1,449)
Swiss Franc
198,000
United States Dollar
226,714
6/18/2025
14,645
Swedish Krona
17,809,085
United States Dollar
1,769,969
6/18/2025
78,197
United States Dollar
650,255
New Zealand Dollar
1,134,000
6/18/2025
(24,355)
Japanese Yen
11,656,000
United States Dollar
78,704
6/18/2025
3,268
Czech Koruna
5,688,000
United States Dollar
248,459
6/18/2025
10,077
Euro
2,974,000
United States Dollar
3,233,589
6/18/2025
145,941
Australian Dollar
64,000
United States Dollar
40,689
6/18/2025
328
United States Dollar
1,472,667
Swiss Franc
1,190,000
6/18/2025
22,071
Norwegian Krone
91,962,218
United States Dollar
8,613,820
6/18/2025
225,939
Australian Dollar
1,107,000
United States Dollar
700,193
6/18/2025
9,278
United States Dollar
149,906
Hungarian Forint
54,848,000
6/18/2025
(3,341)
United States Dollar
837,758
Euro
772,000
6/18/2025
(39,510)
United States Dollar
1,668,702
New Zealand Dollar
2,964,000
6/18/2025
(94,564)
United States Dollar
1,262,657
British Pound
979,000
6/18/2025
(42,300)
United States Dollar
3,300,589
Malaysian Ringgit
14,582,000
6/18/2025
(84,796)
British Pound
13,183,651
United States Dollar
17,052,367
6/18/2025
520,767
New Zealand Dollar
1,261,000
United States Dollar
748,788
6/18/2025
1,374
Swedish Krona
8,406,000
United States Dollar
834,735
6/18/2025
37,610
United States Dollar
370,756
Brazilian Real
2,207,000
6/18/2025
(13,530)
United States Dollar
64,511
Israeli Shekel
238,000
6/18/2025
(978)
Japanese Yen
85,187,000
United States Dollar
583,061
6/18/2025
16,025
United States Dollar
14,094,003
Swiss Franc
12,308,941
6/18/2025
(910,448)
United States Dollar
823,718
New Zealand Dollar
1,432,000
6/18/2025
(28,171)
United States Dollar
78,341
Israeli Shekel
285,000
6/18/2025
(81)
United States Dollar
2,970,666
Euro
2,706,000
6/18/2025
(104,320)
British Pound
416,000
United States Dollar
538,203
6/18/2025
16,303
Israeli Shekel
268,000
United States Dollar
72,526
6/18/2025
1,218
South Korean Won
1,447,708,000
United States Dollar
1,001,181
6/18/2025
20,533
Euro
611,000
United States Dollar
705,299
6/18/2025
(10,984)
10
Forward Foreign Currency Exchange Contracts (continued)
Counterparty/
Purchased
Currency
Purchased
Currency
Amounts
Currency
Sold
Sold
Currency
Amounts
Settlement
Date
Unrealized
Appreciation
(Depreciation) ($)
RBC Capital Markets, LLC (continued)
Euro
2,426,000
United States Dollar
2,690,674
6/18/2025
66,131
Euro
2,614,000
United States Dollar
2,973,702
6/18/2025
(3,262)
United States Dollar
95,198
Hungarian Forint
34,907,000
6/18/2025
(2,333)
United States Dollar
474,242
Japanese Yen
67,313,000
6/18/2025
857
Standard Chartered PLC
United States Dollar
203,063
Canadian Dollar
288,000
6/18/2025
(6,370)
Euro
87,000
United States Dollar
95,433
6/18/2025
3,431
United States Dollar
66,478
Swiss Franc
58,000
6/18/2025
(4,223)
United States Dollar
88,484
Australian Dollar
142,000
6/18/2025
(2,523)
Swiss Franc
48,000
United States Dollar
55,220
6/18/2025
3,291
Canadian Dollar
80,000
United States Dollar
57,997
6/18/2025
179
New Zealand Dollar
70,000
United States Dollar
40,732
6/18/2025
910
United States Dollar
133,509
Swiss Franc
108,000
6/18/2025
1,858
Euro
83,000
United States Dollar
95,634
6/18/2025
(1,316)
United States Dollar
117,866
British Pound
91,000
6/18/2025
(3,433)
Japanese Yen
12,114,000
United States Dollar
86,627
6/18/2025
(1,433)
UBS Securities LLC
United States Dollar
105,530
Euro
97,000
6/18/2025
(4,696)
Gross Unrealized Appreciation
4,011,491
Gross Unrealized Depreciation
(4,856,437)
 
OTC Total Return Swaps
Received
Reference
Entity
Paid
Reference
Entity
Counterparties
Maturity
Date
Notional
Amount ($)
Unrealized
Appreciation ($)
USD - 1 Month ABGS1204
USD 1 Month Fixed at 0.20%
Goldman Sachs & Co. LLC
9/30/2025
19,625,100
27,659
Gross Unrealized Appreciation
27,659
 
ABGS1204—Goldman Sachs Commodity Strategy 1204
USD—United States Dollar
See notes to consolidated financial statements.
11
CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES 
April 30, 2025 (Unaudited) 
 
Cost
Value
Assets ($):
Investments in securities—See Consolidated Statement of Investments:
Unaffiliated issuers
64,418,893
64,308,577
Affiliated issuers
6,382,335
6,382,335
Cash
1,553,272
Cash collateral held by broker—Note 4
7,014,321
Unrealized appreciation on forward foreign currency exchange contracts—Note 4
4,011,491
Receivable for investment securities sold
35,607
Unrealized appreciation on over-the-counter swap agreements—Note 4
27,659
Dividends and interest receivable
24,168
Receivable for shares of Common Stock subscribed
5,911
Prepaid expenses
53,187
 
83,416,528
Liabilities ($):
Due to BNY Mellon Investment Adviser, Inc. and affiliates—Note 3(c)
43,542
Cash overdraft due to Custodian denominated in foreign currency
322
326
Unrealized depreciation on forward foreign currency exchange contracts—Note 4
4,856,437
Payable for futures variation margin—Note 4
165,024
Outstanding options written, at value (premiums received $107,481)—Note 4
86,213
Payable for shares of Common Stock redeemed
57,752
Directors’ fees and expenses payable
9,433
Payable for investment securities purchased
112
Other accrued expenses
81,854
 
5,300,693
Net Assets ($)
78,115,835
Composition of Net Assets ($):
Paid-in capital
118,992,754
Total distributable earnings (loss)
(40,876,919
)
Net Assets ($)
78,115,835
 
Net Asset Value Per Share
Class A
Class C
Class I
Class Y
Net Assets ($)
21,792,819
1,350,762
54,531,334
440,920
Shares Outstanding
1,618,321
111,192
3,891,672
31,521
Net Asset Value Per Share ($)
13.47
12.15
14.01
13.99
See notes to consolidated financial statements.
12
CONSOLIDATED STATEMENT OF OPERATIONS
Six Months Ended April 30, 2025 (Unaudited) 
 
 
Investment Income ($):
Income:
Interest
1,494,462
Dividends:
Unaffiliated issuers
122,712
Affiliated issuers
162,838
Total Income
1,780,012
Expenses:
Management fee—Note 3(a)
462,951
Subsidiary management fees—Note 3(a)
100,140
Professional fees
80,934
Shareholder servicing costs—Note 3(c)
73,979
Registration fees
35,359
Chief Compliance Officer fees—Note 3(c)
15,402
Prospectus and shareholders’ reports
13,692
Directors’ fees and expenses—Note 3(d)
13,142
Distribution Plan fees—Note 3(b)
5,306
Custodian fees—Note 3(c)
2,721
Loan commitment fees—Note 2
714
Miscellaneous
15,399
Total Expenses
819,739
Less—reduction in expenses due to undertaking—Note 3(a)
(326,879
)
Less—reduction in fees due to earnings credits—Note 3(c)
(280
)
Net Expenses
492,580
Net Investment Income
1,287,432
Realized and Unrealized Gain (Loss) on Investments—Note 4 ($):
Net realized gain (loss) on investments and foreign currency transactions
(23,976
)
Net realized gain (loss) on futures
(4,614,490
)
Net realized gain (loss) on options transactions
975,662
Net realized gain (loss) on forward foreign currency exchange contracts
1,855,386
Net realized gain (loss) on swap agreements
70,122
Net Realized Gain (Loss)
(1,737,296
)
Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions
70,266
Net change in unrealized appreciation (depreciation) on futures
1,015,059
Net change in unrealized appreciation (depreciation) on options transactions
(74,844
)
Net change in unrealized appreciation (depreciation) on forward foreign currency exchange contracts
(1,042,052
)
Net change in unrealized appreciation (depreciation) on swap agreements
(290,136
)
Net Change in Unrealized Appreciation (Depreciation)
(321,707
)
Net Realized and Unrealized Gain (Loss) on Investments
(2,059,003
)
Net (Decrease) in Net Assets Resulting from Operations
(771,571
)
See notes to consolidated financial statements.
13
CONSOLIDATED STATEMENT OF CHANGES IN NET ASSETS
  
 
Six Months Ended
April 30, 2025 (Unaudited)
Year Ended
October 31, 2024
 
Operations ($):
Net investment income
1,287,432
3,704,788
Net realized gain (loss) on investments
(1,737,296)
6,531,639
Net change in unrealized appreciation (depreciation) on investments
(321,707)
424,402
Net Increase (Decrease) in Net Assets Resulting from Operations
(771,571)
10,660,829
Distributions ($):
Distributions to shareholders:
Class A
(2,075,613)
(1,258,484)
Class C
(127,516)
(90,459)
Class I
(5,230,586)
(3,377,963)
Class Y
(41,240)
(73,012)
Total Distributions
(7,474,955)
(4,799,918)
Capital Stock Transactions ($):
Net proceeds from shares sold:
Class A
555,366
2,864,226
Class C
142,365
51,125
Class I
4,800,521
10,669,559
Class Y
18,734
171,181
Distributions reinvested:
Class A
1,780,937
1,098,674
Class C
124,485
89,761
Class I
3,827,133
2,645,881
Class Y
39,126
40,074
Cost of shares redeemed:
Class A
(3,633,800)
(7,815,585)
Class C
(317,421)
(1,867,670)
Class I
(11,090,893)
(27,086,057)
Class Y
(59,700)
(1,344,591)
Increase (Decrease) in Net Assets from Capital Stock Transactions
(3,813,147)
(20,483,422)
Total Increase (Decrease) in Net Assets
(12,059,673)
(14,622,511)
Net Assets ($):
Beginning of Period
90,175,508
104,798,019
End of Period
78,115,835
90,175,508
14
 
Six Months Ended
April 30, 2025 (Unaudited)
Year Ended
October 31, 2024
 
Capital Share Transactions (Shares):
Class A(a)
Shares sold
39,698
199,074
Shares issued for distributions reinvested
129,617
80,844
Shares redeemed
(257,825)
(548,494)
Net Increase (Decrease) in Shares Outstanding
(88,510)
(268,576)
Class C(a)
Shares sold
11,356
3,896
Shares issued for distributions reinvested
10,015
7,256
Shares redeemed
(25,124)
(144,182)
Net Increase (Decrease) in Shares Outstanding
(3,753)
(133,030)
Class I
Shares sold
333,185
710,665
Shares issued for distributions reinvested
267,819
187,918
Shares redeemed
(770,076)
(1,823,431)
Net Increase (Decrease) in Shares Outstanding
(169,072)
(924,848)
Class Y
Shares sold
1,308
11,334
Shares issued for distributions reinvested
2,745
2,854
Shares redeemed
(4,162)
(89,033)
Net Increase (Decrease) in Shares Outstanding
(109)
(74,845)
 
(a)
During the period ended April 30, 2025, 1,215 Class C shares representing $15,841 were automatically converted to 1,098 Class A shares and during the period
ended October 31, 2024, 625 Class C shares representing $8,333 were automatically converted to 567 Class A shares.
See notes to consolidated financial statements.
15
CONSOLIDATED FINANCIAL HIGHLIGHTS
The following tables describe the performance for each share class for the fiscal periods indicated. All information (except portfolio turnover rate) reflects financial results for a single fund share. Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. 
 
Six Months Ended
April 30, 2025
(Unaudited) 
Year Ended October 31,
Class A Shares
2024
2023
2022
2021
2020
Per Share Data ($):
 
 
 
 
 
Net asset value, beginning of period
14.88
14.01
13.53
17.98
15.82
16.26
Investment Operations:
Net investment income (loss)(a)
.20
.54
.44
(.11
)
(.19
)
(.02
)
Net realized and unrealized gain (loss)
on investments
(.34
)
1.00
.22
(1.52
)
2.35
.08
Total from Investment Operations
(.14
)
1.54
.66
(1.63
)
2.16
.06
Distributions:
Dividends from net investment income
(1.27
)
(.67
)
(.18
)
(.08
)
-
(.17
)
Dividends from net realized gain on
investments
-
-
-
(2.74
)
-
(.33
)
Total Distributions
(1.27
)
(.67
)
(.18
)
(2.82
)
-
(.50
)
Net asset value, end of period
13.47
14.88
14.01
13.53
17.98
15.82
Total Return (%)(b)
(1.14
)(c)
11.40
4.94
(10.75
)
13.79
.28
Ratios/Supplemental Data (%):
 
 
 
 
 
Ratio of total expenses to average net
assets
2.13
(d)
2.09
1.81
1.72
1.60
1.58
Ratio of net expenses to average net
assets(e),(f)
1.33
(d),(g)
1.34
(g)
1.40
(g)
1.40
(g)
1.42
1.44
Ratio of net investment income (loss) to
average net assets(e)
2.90
(d),(g)
3.71
(g)
3.15
(g)
(.76
)(g)
(1.12
)
(.14
)
Portfolio Turnover Rate
-
4.30
-
-
82.12
176.12
Net Assets, end of period ($ x 1,000)
21,793
25,396
27,682
30,234
38,354
35,061
 
(a)
Based on average shares outstanding.
(b)
Exclusive of sales charge.
(c)
Not annualized.
(d)
Annualized.
(e)
Amount inclusive of reduction in expenses due to undertaking.
(f)
Reflected is the waiver of the Subsidiary management fee.
(g)
Amount inclusive of reduction in fees due to earnings credits.
See notes to consolidated financial statements.
16
 
 
Six Months Ended
April 30, 2025
(Unaudited) 
Year Ended October 31,
Class C Shares
2024
2023
2022
2021
2020
Per Share Data ($):
 
 
 
 
 
Net asset value, beginning of period
13.46
12.64
12.18
16.50
14.62
15.06
Investment Operations:
Net investment income (loss)(a)
.14
.38
.30
(.20
)
(.29
)
(.13
)
Net realized and unrealized gain (loss) on
investments
(.31
)
.91
.21
(1.38
)
2.17
.06
Total from Investment Operations
(.17
)
1.29
.51
(1.58
)
1.88
(.07
)
Distributions:
Dividends from net investment income
(1.14
)
(.47
)
(.05
)
-
-
(.04
)
Dividends from net realized gain on
investments
-
-
-
(2.74
)
-
(.33
)
Total Distributions
(1.14
)
(.47
)
(.05
)
(2.74
)
-
(.37
)
Net asset value, end of period
12.15
13.46
12.64
12.18
16.50
14.62
Total Return (%)(b)
(1.46
)(c)
10.55
4.20
(11.44
)
12.93
(.50
)
Ratios/Supplemental Data (%):
 
 
 
 
 
Ratio of total expenses to average net assets
2.97
(d)
2.90
2.58
2.48
2.36
2.33
Ratio of net expenses to average net
assets(e),(f)
2.08
(d),(g)
2.10
(g)
2.15
(g)
2.15
(g)
2.17
2.19
Ratio of net investment income (loss) to
average net assets(e)
2.17
(d),(g)
2.95
(g)
2.40
(g)
(1.51
)(g)
(1.87
)
(.87
)
Portfolio Turnover Rate
-
4.30
-
-
82.12
176.12
Net Assets, end of period ($ x 1,000)
1,351
1,548
3,135
7,899
16,334
22,548
 
(a)
Based on average shares outstanding.
(b)
Exclusive of sales charge.
(c)
Not annualized.
(d)
Annualized.
(e)
Amount inclusive of reduction in expenses due to undertaking.
(f)
Reflected is the waiver of the Subsidiary management fee.
(g)
Amount inclusive of reduction in fees due to earnings credits.
See notes to consolidated financial statements.
17
CONSOLIDATED FINANCIAL HIGHLIGHTS (continued)
 
 
Six Months Ended
April 30, 2025
(Unaudited) 
Year Ended October 31,
Class I Shares
2024
2023
2022
2021
2020
Per Share Data ($):
 
 
 
 
 
Net asset value, beginning of period
15.45
14.53
14.02
18.54
16.26
16.71
Investment Operations:
Net investment income (loss)(a)
.23
.60
.49
(.08
)
(.15
)
.02
Net realized and unrealized gain (loss)
on investments
(.36
)
1.02
.24
(1.58
)
2.43
.08
Total from Investment Operations
(.13
)
1.62
.73
(1.66
)
2.28
.10
Distributions:
Dividends from net investment
income
(1.31
)
(.70
)
(.22
)
(.12
)
-
(.22
)
Dividends from net realized gain on
investments
-
-
-
(2.74
)
-
(.33
)
Total Distributions
(1.31
)
(.70
)
(.22
)
(2.86
)
-
(.55
)
Net asset value, end of period
14.01
15.45
14.53
14.02
18.54
16.26
Total Return (%)
(1.04
)(b)
11.64
5.26
(10.53
)
14.02
.53
Ratios/Supplemental Data (%):
 
 
 
 
 
Ratio of total expenses to average net
assets
1.85
(c)
1.82
1.56
1.46
1.34
1.31
Ratio of net expenses to average net
assets(d),(e)
1.08
(c),(f)
1.09
(f)
1.15
(f)
1.15
(f)
1.17
1.19
Ratio of net investment income (loss)
to average net assets(d)
3.14
(c),(f)
3.96
(f)
3.41
(f)
(.51
)(f)
(.88
)
.13
Portfolio Turnover Rate
-
4.30
-
-
82.12
176.12
Net Assets, end of period ($ x 1,000)
54,531
62,744
72,438
91,928
141,384
169,485
 
(a)
Based on average shares outstanding.
(b)
Not annualized.
(c)
Annualized.
(d)
Amount inclusive of reduction in expenses due to undertaking.
(e)
Reflected is the waiver of the Subsidiary management fee.
(f)
Amount inclusive of reduction in fees due to earnings credits.
See notes to consolidated financial statements.
18
 
 
Six Months Ended
April 30, 2025
(Unaudited) 
Year Ended October 31,
Class Y Shares
2024
2023
2022
2021
2020
Per Share Data ($):
 
 
 
 
 
Net asset value, beginning of period
15.42
14.49
13.99
18.50
16.23
16.69
Investment Operations:
Net investment income (loss)(a)
.23
.59
.49
(.08
)
(.15
)
.03
Net realized and unrealized gain (loss)
on investments
(.35
)
1.04
.23
(1.57
)
2.42
.07
Total from Investment Operations
(.12
)
1.63
.72
(1.65
)
2.27
.10
Distributions:
Dividends from net investment income
(1.31
)
(.70
)
(.22
)
(.12
)
-
(.23
)
Dividends from net realized gain on
investments
-
-
-
(2.74
)
-
(.33
)
Total Distributions
(1.31
)
(.70
)
(.22
)
(2.86
)
-
(.56
)
Net asset value, end of period
13.99
15.42
14.49
13.99
18.50
16.23
Total Return (%)
(.90
)(b)
11.67
5.20
(10.54
)
14.05
.54
Ratios/Supplemental Data (%):
 
 
 
 
 
Ratio of total expenses to average net
assets
1.87
(c)
1.78
1.46
1.35
1.26
1.22
Ratio of net expenses to average net
assets(d),(e)
1.08
(c),(f)
1.11
(f)
1.15
(f)
1.15
(f)
1.17
1.17
Ratio of net investment income (loss) to
average net assets(d)
3.15
(c),(f)
3.94
(f)
3.40
(f)
(.51
)(f)
(.86
)
.18
Portfolio Turnover Rate
-
4.30
-
-
82.12
176.12
Net Assets, end of period ($ x 1,000)
441
488
1,543
28,268
121,851
239,102
 
(a)
Based on average shares outstanding.
(b)
Not annualized.
(c)
Annualized.
(d)
Amount inclusive of reduction in expenses due to undertaking.
(e)
Reflected is the waiver of the Subsidiary management fee.
(f)
Amount inclusive of reduction in fees due to earnings credits.
See notes to consolidated financial statements.
19
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
NOTE 1—
Significant Accounting Policies:
BNY Mellon Dynamic Total Return Fund (the “fund”) is a separate diversified series of BNY Mellon Advantage Funds, Inc. (the “Company”), which is registered under the Investment Company Act of 1940, as amended (the “Act”), as an open-end management investment company and operates as a series company currently offering six series, including the fund. The fund’s investment objective is to seek total return. BNY Mellon Investment Adviser, Inc. (the “Adviser”), a wholly-owned subsidiary of  The Bank of New York Mellon Corporation (“BNY”), serves as the fund’s investment adviser. Newton Investment Management North America, LLC (the “Sub-Adviser” or “NIMNA”), an indirect wholly-owned subsidiary of BNY and an affiliate of the Adviser, serves as the fund’s sub-adviser. NIMNA has entered into a sub-sub-investment advisory agreement with its affiliate, Newton Investment Management Limited (“NIM”), which enables NIM to provide certain advisory services to the Sub-Adviser for the benefit of the fund, including, but not limited to, portfolio management services. NIM is subject to the supervision of NIMNA and the Adviser. NIM is also an affiliate of the Adviser. NIM, located at 160 Queen Victoria Street, London, EC4V, 4LA, England, was formed in 1978. NIM is an indirect subsidiary of BNY.
The fund may gain investment exposure to global commodity markets through investments in DTR Commodity Fund Ltd., (the “Subsidiary”), a wholly-owned and controlled subsidiary of the fund organized under the laws of the Cayman Islands. The Subsidiary has the ability to invest in commodities and securities consistent with the investment objective of the fund. The Adviser serves as investment adviser for the Subsidiary, the Sub-Adviser serves as the Subsidiary’s sub-investment advisor and Citibank N.A. serves as the Subsidiary’s custodian. The financial statements have been consolidated and include the accounts of the fund and the Subsidiary. Accordingly, all inter-company transactions and balances have been eliminated. A subscription agreement was entered into between the fund and the Subsidiary, comprising the entire issued share capital of the Subsidiary, with the intent that the fund will remain the sole shareholder and retain all rights. Under the Amended and Restated Memorandum and Articles of Association, shares issued by the Subsidiary confer upon a shareholder the right to receive notice of, to attend and to vote at general meetings of the Subsidiary and shall confer upon the shareholder rights in a winding-up or repayment of capital and the right to participate in the profits or assets of the Subsidiary. The following summarizes the structure and relationship of the Subsidiary at April 30, 2025: 
 
Subsidiary Activity
Consolidated Fund Net Assets ($)
78,115,835
Subsidiary Percentage of Fund Net Assets
22.45%
Subsidiary Financial Statement Information ($)
Total Assets
17,787,797
Total Liabilities
247,649
Net Assets
17,540,148
Total Income
343,289
Total Expenses
123,508
Net Investment (Loss)
219,781
Net Realized Gain (Loss)
(1,132,141
)
Net Change in Unrealized Appreciation (Depreciation)
(643,953
)
Net Realized and Unrealized Gain (Loss) on Investments
(1,776,094
)
Net Decrease in Net Assets Resulting from Operations
(1,556,313
)
BNY Mellon Securities Corporation (the “Distributor”), a wholly-owned subsidiary of the Adviser, is the distributor of the fund’s shares. The fund is authorized to issue 600 million shares of $.001 par value of Common Stock. The fund currently has authorized four classes of shares: Class A (200 million shares authorized), Class C (100 million shares authorized), Class I (150 million shares authorized) and Class Y (150 million shares authorized). Class A and Class C shares are sold primarily to retail investors through financial intermediaries and bear Distribution and/or Shareholder Services Plan fees. Class A shares generally are subject to a sales charge imposed at the time of purchase. Class A shares bought without an initial sales charge as part of an investment of $1 million or more may be charged a contingent deferred sales charge (“CDSC”) of 1.00% if redeemed within one year. Class C shares are subject to a CDSC imposed on Class C shares redeemed within one year of purchase. Class C shares automatically convert to Class A shares eight years after the date of purchase, without the imposition of a sales charge. Class I shares are sold primarily to bank trust departments and other financial service providers (including BNY and its affiliates), acting on behalf of customers having a qualified trust or an investment account or relationship at such institution, and bear no Distribution or Shareholder Services Plan fees. Class Y shares are sold at net asset value per share generally to institutional investors, and bear no Distribution or Shareholder Services Plan fees. Class I and Class Y shares are
20
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (continued)
offered without a front-end sales charge or CDSC. Other differences between the classes include the services offered to and the expenses borne by each class, the allocation of certain transfer agency costs and certain voting rights. Income, expenses (other than expenses attributable to a specific class), and realized and unrealized gains or losses on investments are allocated to each class of shares based on its relative net assets.
The Company accounts separately for the assets, liabilities and operations of each series. Expenses directly attributable to each series are charged to that series’ operations; expenses which are applicable to all series are allocated among them on a pro rata basis.
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 consolidated 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 Company enters into contracts that contain a variety of indemnifications. The fund’s maximum exposure under these arrangements is unknown. The fund does not anticipate recognizing any loss related to these arrangements.
(a) Portfolio valuation: 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 debt securities, excluding short-term investments (other than U.S. Treasury Bills), forward foreign currency exchange contracts (“forward contracts”), futures and options, are valued each business day by one or more independent pricing services (each, a “Service”) approved by the Board. Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of a Service are valued at the mean between the quoted bid prices (as obtained by a Service from dealers in such securities) and asked prices (as calculated by a Service based upon its evaluation of the market for such securities). Securities are valued as determined by a Service, based on methods which include consideration of the following: yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. The Services are engaged under the general supervision of the Board. These securities are generally categorized within Level 2 of the fair value hierarchy.
Investments in exchange-traded funds are valued at the last sales price on the securities exchange or national securities market on which such securities are primarily traded. Securities listed on the National Market System for which market quotations are available are valued at the official closing price or, if there is no official closing price that day, at the last sales price. For open short positions, asked prices are
21
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (continued)
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. U.S. Treasury Bills are valued at the mean price between quoted bid prices and asked prices by the Service. 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.
Investments denominated in foreign currencies are translated to U.S. dollars at the prevailing rates of exchange.
Forward contracts are valued at the forward rate and are generally categorized within Level 2 of the fair value hierarchy. Futures and options which are traded on an exchange, are valued at the last sales price on the securities exchange on which such securities are primarily traded or at the last sales price on the national securities market on each business day and are generally categorized within Level 1 of the fair value hierarchy. Investments in swap agreements are valued each business day by a Service. Swap agreements are valued by the Service by using a swap pricing model which incorporates among other factors, default probabilities, recovery rates, credit curves of the underlying issuer and swap spreads on interest rates and are generally categorized within Level 2 of the fair value hierarchy.
The following is a summary of the inputs used as of April 30, 2025 in valuing the fund’s investments: 
 
Level 1 -
Unadjusted
Quoted Prices
Level 2- Other
Significant
Observable Inputs
Level 3-
Significant
Unobservable
Inputs
Total
Assets ($)
Investments in Securities:†
Exchange-Traded Funds
3,720,590
—
—
3,720,590
U.S. Treasury Securities
—
60,072,897
—
60,072,897
Investment Companies
6,382,335
—
—
6,382,335
 
10,102,925
60,072,897
—
70,175,822
Other Financial Instruments:
Options Purchased
515,090
—
—
515,090
Futures††
1,409,329
—
—
1,409,329
Forward Foreign Currency Exchange Contracts††
—
4,011,491
—
4,011,491
Swap Agreements††
—
27,659
—
27,659
 
1,924,419
4,039,150
—
5,963,569
Liabilities ($)
Other Financial Instruments:
Options Written
(86,213)
—
—
(86,213)
22
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (continued)
 
Level 1 -
Unadjusted
Quoted Prices
Level 2- Other
Significant
Observable Inputs
Level 3-
Significant
Unobservable
Inputs
Total
Liabilities ($) (continued)
Futures††
(895,124)
—
—
(895,124)
Forward Foreign Currency Exchange Contracts††
—
(4,856,437)
—
(4,856,437)
 
(981,337)
(4,856,437)
—
(5,837,774)
 
†
See Consolidated Statement of Investments for additional detailed categorizations, if any.
††
Amount shown represents unrealized appreciation (depreciation) at period end, but only variation margin on exchange-traded and centrally cleared derivatives,
if any, are reported in the Consolidated Statement of Assets and Liabilities.
(b) Foreign currency transactions: The fund does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in the market prices of securities held. Such fluctuations are included with the net realized and unrealized gain or loss on investments.
Net realized foreign exchange gains or losses arise from sales of foreign currencies, currency gains or losses realized on securities transactions between trade and settlement date, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded on the fund’s books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in the value of assets and liabilities other than investments resulting from changes in exchange rates. Foreign currency gains and losses on foreign currency transactions are also included with net realized and unrealized gain or loss on investments.
(c) Securities transactions and investment income: Securities transactions are recorded on a trade date basis. Realized gains and losses from securities transactions are recorded on the identified cost basis. Dividend income is recognized on the ex-dividend date and interest income, including, where applicable, accretion of discount and amortization of premium on investments, is recognized on the accrual basis.
(d) Affiliated issuers: Investments in other investment companies advised by the Adviser are considered “affiliated” under the Act.
(e) Market Risk: The value of the securities in which the fund invests may be affected by political, regulatory, economic and social developments, and developments that impact specific economic sectors, industries or segments of the market. In addition, turbulence in financial markets and reduced liquidity in equity, credit and/or fixed-income markets may negatively affect many issuers, which could adversely affect the fund. Global economies and financial markets are becoming increasingly interconnected, and conditions and events in one country, region or financial market may adversely impact issuers in a different country, region or financial market. These risks may be magnified if certain events or developments adversely interrupt the global supply chain; in these and other circumstances, such risks might affect companies world-wide.
Interest Rate Risk: Prices of bonds and other fixed rate fixed-income securities tend to move inversely with changes in interest rates. Typically, a rise in rates will adversely affect fixed-income securities and, accordingly, will cause the value of the fund’s investments in these securities to decline. A wide variety of market factors can cause interest rates to rise, including central bank monetary policy, rising inflation and changes in general economic conditions. It is difficult to predict the pace at which central banks or monetary authorities may increase (or decrease) interest rates or the timing, frequency, or magnitude of such changes. During periods of very low interest rates, which occur from time to time due to market forces or actions of governments and/or their central banks, including the Board of Governors of the Federal Reserve System in the U.S., the fund may be subject to a greater risk of principal decline from rising interest rates. When interest rates fall, the fund’s investments in new securities may be at lower yields and may reduce the fund’s income. Changing interest rates may have unpredictable effects on markets, may result in heightened market volatility and may detract from fund performance. The magnitude of these fluctuations in the market price of fixed-income securities is generally greater for securities with longer effective maturities and durations because such instruments do not mature, reset interest rates or become callable for longer periods of time. Unlike investment grade bonds, however, the prices of high yield (“junk”) bonds may fluctuate unpredictably and not necessarily inversely with changes in interest rates.
Foreign Investment Risk: To the extent the fund invests in foreign securities, the fund’s performance will be influenced by political, social and economic factors affecting investments in foreign issuers. Special risks associated with investments in foreign issuers include
23
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (continued)
exposure to currency fluctuations, less liquidity, less developed or less efficient trading markets, lack of comprehensive company information, political and economic instability and differing auditing and legal standards.
Commodity Sector Risk: Exposure to the commodities markets may subject the fund to greater volatility than investments in traditional securities. The values of commodities and commodity-linked investments are affected by events that might have less impact on the values of stocks and bonds. Investments linked to the prices of commodities are considered speculative. Because the value of a commodity-linked derivative instrument, such as a structured note, typically is based upon the price movements of physical commodities, the value of these securities will rise or fall in response to changes in the underlying commodities or related index of investment. Prices of commodities and commodity-linked investments may fluctuate significantly over short periods for a variety of factors, including: changes in supply and demand relationships, weather, agriculture, trade, fiscal, monetary and exchange control programs, disease, pestilence, acts of terrorism, embargoes, tariffs and international economic, political, military and regulatory developments.
Subsidiary Risk:To the extent the fund invests in the subsidiary, the fund will be indirectly exposed to the risks associated with the subsidiary’s investments. The subsidiary principally invests in commodity-related instruments, including futures and options contracts, swap agreements and other derivatives that invest in commodities, and the fund’s investment in the subsidiary is subject to the same risks that apply to similar investments if held directly by the fund. Changes in applicable laws governing the subsidiary could prevent the fund or the subsidiary from operating as described in the offering documents and could negatively affect the fund and its shareholders. There also may be federal income tax risks associated with the fund’s investment in the subsidiary.
Derivatives Risk: A small investment in derivatives could have a potentially large impact on the fund’s performance. The use of derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in the underlying assets, and the fund’s use of derivatives may result in losses to the fund. Derivatives in which the fund may invest can be highly volatile, illiquid and difficult to value, and there is the risk that changes in the value of a derivative held by the fund will not correlate with the underlying assets or the fund’s other investments in the manner intended.
Fixed-Income Market Risk: The market value of a fixed-income security may decline due to general market conditions that are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The fixed-income securities market can be susceptible to increases in volatility and decreases in liquidity. Liquidity can decline unpredictably in response to overall economic conditions or credit tightening. Increases in volatility and decreases in liquidity may be caused by a rise in interest rates (or the expectation of a rise in interest rates). An unexpected increase in fund redemption requests, including requests from shareholders who may own a significant percentage of the fund’s shares, which may be triggered by market turmoil or an increase in interest rates, could cause the fund to sell its holdings at a loss or at undesirable prices and adversely affect the fund’s share price and increase the fund’s liquidity risk, fund expenses and/or taxable distributions. Federal Reserve policy in response to market conditions, including with respect to interest rates, may adversely affect the value, volatility and liquidity of dividend and interest paying securities. Policy and legislative changes worldwide are affecting many aspects of financial regulation. The impact of these changes on the markets and the practical implications for market participants may not be fully known for some time.
(f) Dividends and distributions to shareholders: Dividends and distributions are recorded on the ex-dividend date. Dividends from net investment income and dividends from net realized capital gains, if any, are normally declared and paid annually, but the fund may make distributions on a more frequent basis to comply with the distribution requirements of the Internal Revenue Code of 1986, as amended (the “Code”). To the extent that net realized capital gains can be offset by capital loss carryovers, it is the policy of the fund not to distribute such gains. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.
(g) Federal income taxes: It is the policy of the fund to continue to qualify as a regulated investment company, if such qualification is in the best interests of its shareholders, by complying with the applicable provisions of the Code, and to make distributions of taxable income and net realized capital gain sufficient to relieve it from substantially all federal income and excise taxes. 
The Subsidiary is classified as a controlled foreign corporation under Subchapter N of the Code. Therefore, the fund is required to increase its taxable income by its share of the Subsidiary’s income. Net investment losses of the Subsidiary cannot be deducted by the fund in the current period nor carried forward to offset taxable income in future periods.
As of and during the period ended April 30, 2025, the fund did not have any liabilities for any uncertain tax positions. The fund recognizes interest and penalties, if any, related to uncertain tax positions as income tax expense in the Consolidated Statement of Operations. During the period ended April 30, 2025, the fund did not incur any interest or penalties.
24
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (continued)
Each tax year in the three-year period ended October 31, 2024 remains subject to examination by the Internal Revenue Service and state taxing authorities.
The fund is permitted to carry forward capital losses for an unlimited period. Furthermore, capital loss carryovers retain their character as either short-term or long-term capital losses.
The fund has an unused capital loss carryover of $25,543,414 available for federal income tax purposes to be applied against future net realized capital gains, if any, realized subsequent to October 31, 2024. The fund has $12,101,785 of short-term capital losses and $13,441,629 of long-term capital losses which can be carried forward for an unlimited period.
The tax character of distributions paid to shareholders during the fiscal year ended October 31, 2024 was as follows: ordinary income $4,799,918. The tax character of current year distributions will be determined at the end of the current fiscal year.
(h) Operating segment reporting: In this reporting period, the fund adopted FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures (“ASU 2023-07”). Adoption of the new standard impacted financial statement disclosures only and did not affect the fund’s financial position or the results of its operations. The ASU 2023-07 is effective for public entities for fiscal years beginning after December 15, 2023, and requires retrospective application for all prior periods presented within the consolidated financial statements.
Since its commencement, the fund operates and is managed as a single reportable segment deriving returns in the form of dividends, interest and/or gains from the investments made in pursuit of its single stated investment objective as outlined in the fund’s prospectus. The accounting policies of the fund are consistent with those described in these Notes to Consolidated Financial Statements. The chief operating decision maker (“CODM”) is represented by BNY Investments, the management of the Adviser, comprising Senior Management and Directors. The CODM considers net increase in net assets resulting from operations in deciding whether to purchase additional investments or to make distributions to fund shareholders. Detailed financial information for the fund is disclosed within these consolidated financial statements with total assets and liabilities disclosed on the Consolidated Statement of Assets and Liabilities, investments held on the Consolidated Statement of Investments, results of operations and significant segment expenses on the Consolidated Statement of Operations and other information about the fund’s performance, including total return, portfolio turnover and ratios within the Consolidated Financial Highlights.
NOTE 2—
Bank Lines of Credit:
The fund participates with other long-term open-end funds managed by the Adviser in a $738 million unsecured credit facility led by Citibank, N.A. (the “Citibank Credit Facility”) and a $300 million unsecured credit facility provided by BNY (the “BNY Credit Facility”), each to be utilized primarily for temporary or emergency purposes, including the financing of redemptions (each, a “Facility”). The Citibank Credit Facility is available in two tranches: (i) Tranche A is in an amount equal to $618 million and is available to all long-term open-ended funds, including the fund, and (ii) Tranche B is an amount equal to $120 million and is available only to BNY Mellon Floating Rate Income Fund, a series of BNY Mellon Investment Funds IV, Inc. In connection therewith, the fund has agreed to pay its pro rata portion of commitment fees for Tranche A of the Citibank Credit Facility and the BNY Credit Facility. Interest is charged to the fund based on rates determined pursuant to the terms of the respective Facility at the time of borrowing. During the period ended April 30, 2025, the fund did not borrow under either Facility.
NOTE 3—
Management Fee, Sub-Advisory Fee and Other Transactions with Affiliates:
(a) The Adviser has entered into separate management agreements with the fund and the Subsidiary pursuant to which the Adviser receives a management fee computed at the annual rate of 1.10% of the value of the average daily net assets of each of the fund and the Subsidiary which is payable monthly. The Adviser has contractually agreed for so long as the fund invests in the Subsidiary, to waive the management fee it receives from the fund in an amount equal to the management fee paid to the Adviser by the Subsidiary. The reduction in expenses, pursuant to the undertaking, amounted to $100,140 during the period ended April 30, 2025.
In addition, the Adviser has contractually agreed, from November 1, 2024 through February 28, 2026, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of the fund’s share classes (excluding Rule 12b-1 Distribution Plan fees, Shareholder Services Plan fees, taxes, interest expense, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed 1.15% of the value of the fund’s average daily net assets. On or after February 28, 2026, the Adviser may terminate this expense limitation agreement at any time. The Adviser had also contractually agreed, from November 1, 2024 through February 28, 2025, to waive receipt of a portion of its management fee in the amount of .10% of the value of the fund’s average daily net
25
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (continued)
assets. Effective March 1, 2025, the Adviser did not extend this agreement.The reduction in expenses, pursuant to the undertaking, amounted to $226,739 during the period ended April 30, 2025.
Pursuant to a sub-investment advisory agreement between the Adviser and the Sub-Adviser, the Adviser pays the Sub-Adviser a monthly fee at an annual rate of .65% of the value of the fund’s average daily net assets of the fund which is payable monthly..
During the period ended April 30, 2025, the Distributor retained $119 from commissions earned on sales of the fund’s Class A shares and $3 from CDSC fees on redemptions of the fund’s Class C shares.
(b) Under the Distribution Plan adopted pursuant to Rule 12b-1 under the Act, Class C shares pay the Distributor for distributing its shares at an annual rate of .75% of the value of its average daily net assets. The Distributor may pay one or more Service Agents in respect of advertising, marketing and other distribution services, and determines the amounts, if any, to be paid to Service Agents and the basis on which such payments are made. During the period ended April 30, 2025, Class C shares were charged $5,306 pursuant to the Distribution Plan.
(c) Under the Shareholder Services Plan, Class A and Class C shares pay the Distributor at an annual rate of .25% of the value of their average daily net assets for the provision of certain services. The services provided may include personal services relating to shareholder accounts, such as answering shareholder inquiries regarding the fund, and services related to the maintenance of shareholder accounts. The Distributor may make payments to Service Agents (securities dealers, financial institutions or other industry professionals) with respect to these services. The Distributor determines the amounts to be paid to Service Agents. During the period ended April 30, 2025, Class A and Class C shares were charged $29,222 and $1,769, respectively, pursuant to the Shareholder Services Plan.
The fund has an arrangement with BNY Mellon Transfer, Inc., (the “Transfer Agent”), a subsidiary of BNY and an affiliate of the Adviser, whereby the fund may receive earnings credits when positive cash balances are maintained, which are used to offset Transfer Agent fees. For financial reporting purposes, the fund includes transfer agent net earnings credits, if any, as an expense offset in the Consolidated  Statement of Operations.
The fund has an arrangement with The Bank of New York Mellon (the “Custodian”), a subsidiary of BNY and an affiliate of the Adviser, whereby the fund will receive interest income or be charged overdraft fees when cash balances are maintained. For financial reporting purposes, the fund includes this interest income and overdraft fees, if any, as interest income in the Consolidated Statement of Operations.
The fund compensates the Transfer Agent, under a transfer agency agreement, for providing transfer agency and cash management services for the fund. The majority of  Transfer Agent fees are comprised of amounts paid on a per account basis, while cash management fees are related to fund subscriptions and redemptions. During the period ended April 30, 2025, the fund was charged $3,404 for transfer agency services. These fees are included in Shareholder servicing costs in the Consolidated Statement of Operations. These fees were partially offset by earnings credits of $280.
The fund compensates the Custodian, under a custody agreement, for providing custodial services for the fund. These fees are determined based on net assets, geographic region and transaction activity. During the period ended April 30, 2025, the fund was charged $2,721 pursuant to the custody agreement.
During the period ended April 30, 2025, the fund was charged $15,402 for services performed by the fund’s Chief Compliance Officer and his staff. These fees are included in Chief Compliance Officer fees in the Consolidated Statement of Operations.
The components of “Due to BNY Mellon Investment Adviser, Inc. and affiliates” in the Consolidated Statement of Assets and Liabilities consist of: Management fee of $70,174, Subsidiary management fee of $15,858, Distribution Plan fees of $830, Shareholder Services Plan fees of $4,742, Custodian fees of $2,363, Chief Compliance Officer fees of $1,440 and Transfer Agent fees of $1,218, which are offset against an expense reimbursement currently in effect in the amount of $53,083.
(d) Each board member of the fund also serves as a board member of other funds in the BNY Mellon Family of Funds complex. Annual retainer fees and attendance fees are allocated to each fund based on net assets.
NOTE 4—
Securities Transactions:
The aggregate amount of purchases and sales of investment securities, excluding short-term securities and derivatives, during the period ended April 30, 2025, amounted to $0 and $307,380, respectively.
Derivatives: A derivative is a financial instrument whose performance is derived from the performance of another asset. The fund enters into International Swaps and Derivatives Association, Inc. Master Agreements or similar agreements (collectively, “Master Agreements”)
26
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (continued)
with its over-the counter (“OTC”) derivative contract counterparties in order to, among other things, reduce its credit risk to counterparties. Master Agreements include provisions for general obligations, representations, collateral and events of default or termination. Under a Master Agreement, the fund may offset with the counterparty certain derivative financial instruments’ payables and/or receivables with collateral held and/or posted and create one single net payment in the event of default or termination. Rule 18f-4 under the Act regulates the use of derivatives transactions for certain funds registered under the Act. The fund’s derivative transactions are subject to a value-at-risk leverage limit and certain reporting and other requirements pursuant to a derivatives risk management program adopted by the fund.
Each type of derivative instrument that was held by the fund during the period ended April 30, 2025 is discussed below.
Futures: In the normal course of pursuing its investment objective, the fund is exposed to market risk, including equity price risk, interest rate risk and commodity risk, as a result of changes in value of underlying financial instruments. The fund invests in futures in order to manage its exposure to or protect against changes in the market. A futures contract represents a commitment for the future purchase or a sale of an asset at a specified date. Upon entering into such contracts, these investments require initial margin deposits with a counterparty, which consist of cash or cash equivalents. The amount of these deposits is determined by the exchange or Board of  Trade on which the contract is traded and is subject to change. Accordingly, variation margin payments are received or made to reflect daily unrealized gains or losses which are recorded in the Consolidated Statement of Operations. When the contracts are closed, the fund recognizes a realized gain or loss which is reflected in the Consolidated Statement of Operations. There is minimal counterparty credit risk to the fund with futures since they are exchange traded, and the exchange guarantees the futures against default. Futures open at April 30, 2025 are set forth in the Consolidated Statement of Investments.
Options Transactions: The fund purchases and writes (sells) put and call options to hedge against changes in the values of equities or as a substitute for an investment. The fund is subject to market risk in the course of pursuing its investment objectives through its investments in options contracts. A call option gives the purchaser of the option the right (but not the obligation) to buy, and obligates the writer to sell, the underlying financial instrument at the exercise price at any time during the option period, or at a specified date. Conversely, a put option gives the purchaser of the option the right (but not the obligation) to sell, and obligates the writer to buy the underlying financial instrument at the exercise price at any time during the option period, or at a specified date.
As a writer of call options, the fund receives a premium at the outset and then bears the market risk of unfavorable changes in the price of the financial instrument underlying the option. Generally, the fund realizes a gain, to the extent of the premium, if the price of the underlying financial instrument decreases between the date the option is written and the date on which the option is terminated. Generally, the fund incurs a loss if the price of the financial instrument increases between those dates. The maximum payout for those contracts is limited to the number of call option contracts written and the related strike prices, respectively.
As a writer of put options, the fund receives a premium at the outset and then bears the market risk of unfavorable changes in the price of the financial instrument underlying the option. Generally, the fund realizes a gain, to the extent of the premium, if the price of the underlying financial instrument increases between the date the option is written and the date on which the option is terminated. Generally, the fund incurs a loss if the price of the financial instrument decreases between those dates. The maximum payout for those contracts is limited to the number of put option contracts written and the related strike prices, respectively.
As a writer of an option, the fund has no control over whether the underlying financial instrument may be sold (call) or purchased (put) and as a result bears the market risk of an unfavorable change in the price of the financial instrument underlying the written option. There is a risk of loss from a change in value of such options which may exceed the related premiums received. 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. The Consolidated Statement of Operations reflects any unrealized gains or losses which occurred during the period as well as any realized gains or losses which occurred upon the expiration or closing of the option transaction. Options purchased and written open at April 30, 2025 are set forth in the Consolidated Statement of Investments.
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 Consoli
27
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (continued)
dated 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. Forward contracts open at April 30, 2025 are set forth in the Statement of Investments.
Swap Agreements: The fund enters into swap agreements to exchange the interest rate on, or return generated by, one nominal instrument for the return generated by another nominal instrument. Swap agreements are privately negotiated in the OTC market or centrally cleared. The fund enters into these agreements to hedge certain market or interest rate risks, to manage the interest rate sensitivity (sometimes called duration) of fixed income securities, to provide a substitute for purchasing or selling particular securities or to increase potential returns.
For OTC swaps, the fund accrues for interim payments on a daily basis, with the net amount recorded within unrealized appreciation (depreciation) on swap agreements in the Consolidated Statement of Assets and Liabilities. Once the interim payments are settled in cash, the net amount is recorded as a realized gain (loss) on swaps, in addition to realized gain (loss) recorded upon the termination of swap agreements in the Consolidated Statement of Operations. Upfront payments made and/or received by the fund, are recorded as an asset and/or liability in the Consolidated Statement of Assets and Liabilities and are recorded as a realized gain or loss ratably over the agreement’s term/event with the exception of forward starting interest rate swaps which are recorded as realized gains or losses on the termination date.
Upon entering into centrally cleared swap agreements, an initial margin deposit is required with a counterparty, which consists of cash or cash equivalents. The amount of these deposits is determined by the exchange on which the agreement is traded and is subject to change. The change in valuation of centrally cleared swaps is recorded as a receivable or payable for variation margin in the Statement of Assets and Liabilities. Payments received from (paid to) the counterparty, including upon termination, are recorded as realized gain (loss) in the Consolidated Statement of Operations.
Fluctuations in the value of swap agreements are recorded for financial statement purposes as unrealized appreciation or depreciation on swap agreements.
Total Return Swaps: Total return swaps involve commitments to pay interest in exchange for a market-linked return based on a notional principal amount. To the extent the total return of the security or index underlying the transaction exceeds or falls short of the specific reference entity, the fund either receives a payment from or makes a payment to the counterparty, respectively. Total return swaps are subject to general market risk, liquidity risk, counterparty risk and credit risk. This risk is mitigated by Master Agreements 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. The underlying reference asset could be a security, an index, or basket of investments. Total return swaps open at April 30, 2025 are set forth in the Consolidated Statement of Investments.
The following tables show the fund’s exposure to different types of market risk as it relates to the Consolidated Statement of Assets and Liabilities and the Consolidated Statement of Operations, respectively.
Fair value of derivative instruments as of April 30, 2025 is shown below: 
 
Derivative
Assets ($)
 
Derivative
Liabilities ($)
Interest Rate Risk
360,694
(1)
Interest Rate Risk
(19,496
)(1)
Equity Risk
1,102,785
(1),(2),(3)
Equity Risk
(382,835
)(1),(4)
Foreign Exchange Risk
4,011,491
(5)
Foreign Exchange Risk
(4,856,437
)(5)
Commodity Risk
488,599
(1)
Commodity Risk
(579,006
)(1)
Gross fair value of derivative contracts
5,963,569
 
(5,837,774
)
 
Consolidated Statement of Assets and Liabilities location:
(1)
Includes cumulative appreciation (depreciation) on futures as reported in the Consolidated Statement of Investments, but only the unpaid variation margin is
reported in the Consolidated Statement of Assets and Liabilities.
(2)
Includes cumulative appreciation (depreciation) on swap agreements as reported in the Statement of Investments. Unrealized appreciation (depreciation) on OTC
swap agreements and only unpaid variation margin on cleared swap agreements, are reported in the Statement of Assets and Liabilities.
28
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (continued)
(3)
Options purchased are included in Investments in securities—Unaffiliated issuers, at value.
(4)
Outstanding options written, at value.
(5)
Unrealized appreciation (depreciation) on forward foreign currency exchange contracts.
The effect of derivative instruments in the Consolidated Statement of Operations during the period ended April 30, 2025 is shown below: 
Amount of realized gain (loss) on derivatives recognized in income ($)
Underlying risk
Futures(1)
Options
Transactions(2)
Forward
Contracts(3)
Swap
Agreements(4)
Total
Interest Rate
(811,968)
-
-
-
(811,968)
Equity
(2,605,928)
975,662
-
70,122
(1,560,144)
Foreign
Exchange
-
-
1,855,386
-
1,855,386
Commodity
(1,196,594)
-
-
-
(1,196,594)
Total
(4,614,490)
975,662
1,855,386
70,122
(1,713,320)
 
Net change in unrealized appreciation (depreciation) on derivatives recognized in income ($)
Underlying risk
Futures(5)
Options
Transactions(6)
Forward
Contracts(7)
Swap
Agreements(8)
Total
Interest Rate
1,333,374
-
-
-
1,333,374
Equity
41,199
(74,844)
-
(290,136)
(323,781)
Foreign
Exchange
-
-
(1,042,052)
-
(1,042,052)
Commodity
(359,514)
-
-
-
(359,514)
Total
1,015,059
(74,844)
(1,042,052)
(290,136)
(391,973)
 
Consolidated Statement of Operations location:
(1)
Net realized gain (loss) on futures.
(2)
Net realized gain (loss) on options transactions.
(3)
Net realized gain (loss) on forward foreign currency exchange contracts.
(4)
Net realized gain (loss) on swap agreements.
(5)
Net change in unrealized appreciation (depreciation) on futures.
(6)
Net change in unrealized appreciation (depreciation) on options transactions.
(7)
Net change in unrealized appreciation (depreciation) on forward foreign currency exchange contracts.
(8)
Net change in unrealized appreciation (depreciation) on swap agreements.
The provisions of ASC Topic 210 “Disclosures about Offsetting Assets and Liabilities” require disclosure on the offsetting of financial assets and liabilities. These disclosures are required for certain investments, including derivative financial instruments subject to Master Agreements which are eligible for offsetting in the Consolidated Statement of Assets and Liabilities and require the fund to disclose both gross and net information with respect to such investments. For financial reporting purposes, the fund does not offset derivative assets and derivative liabilities that are subject to Master Agreements in the Consolidated Statement of Assets and Liabilities.
At April 30, 2025, derivative assets and liabilities (by type) on a gross basis are as follows: 
Derivative Financial Instruments:
Assets ($)
Liabilities ($)
Futures
1,409,329
(895,124
)
Options
515,090
(86,213
)
Forward contracts
4,011,491
(4,856,437
)
Swap agreements
27,659
-
29
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (continued)
Derivative Financial Instruments:
Assets ($)
Liabilities ($)
Total gross amount of derivative assets
and liabilities in the Consolidated
Statement of Assets and Liabilities
5,963,569
(5,837,774
)
Derivatives not subject to Master
Agreements
(1,924,419
)
981,337
Total gross amount of assets and
liabilities subject to Master
Agreements
4,039,150
(4,856,437
)
The following tables present derivative assets and liabilities net of amounts available for offsetting under Master Agreements and net of related collateral received or pledged, if any, as of April 30, 2025: 
Counterparty
Gross Amount
of Assets ($)(1)
Financial
Instruments
and Derivatives
Available
for Offset ($)
Collateral
Received ($)(2)
Net Amount
of Assets ($)
Bank of America Corp.
440,222
(353,999
)
-
86,223
Bank of Montreal
2,096
(2,096
)
-
-
Barclays Capital, Inc.
132,747
(110,063
)
-
22,684
Citigroup Global Markets, Inc.
817,956
(817,956
)
-
-
Goldman Sachs & Co. LLC
718,031
(334,775
)
(310,000
)
73,256
J.P. Morgan Securities LLC
9,928
(9,928
)
-
-
Morgan Stanley & Co. LLC
118,243
(118,243
)
-
-
RBC Capital Markets, LLC
1,790,258
(1,639,779
)
(123,773
)
26,706
Standard Chartered PLC
9,669
(9,669
)
-
-
Total
4,039,150
(3,396,508
)
(433,773
)
208,869
 
Counterparty
Gross Amount
of Liabilities($)(1)
Financial
Instruments
and Derivatives
Available
for Offset ($)
Collateral
Pledged ($)(2)
Net Amount
of Liabilities ($)
Bank of America Corp.
(353,999
)
353,999
-
-
Bank of Montreal - Liability
(7,681
)
2,096
-
(5,585
)
Barclays Capital, Inc.
(110,063
)
110,063
-
-
Citigroup Global Markets, Inc.
(1,415,346
)
817,956
597,390
-
Goldman Sachs & Co. LLC
(334,775
)
334,775
-
-
HSBC Securities (USA), Inc.
(703
)
-
-
(703
)
J.P. Morgan Securities LLC
(7,734
)
7,734
-
-
Morgan Stanley & Co. LLC
(962,363
)
118,243
740,000
(104,120
)
RBC Capital Markets, LLC
(1,639,779
)
1,639,779
-
-
Standard Chartered PLC - Liability
(19,298
)
9,669
-
(9,629
)
UBS Securities LLC
(4,696
)
-
-
(4,696
)
Total
(4,856,437
)
3,394,314
1,337,390
(124,733
)
 
(1)
Absent a default event or early termination, OTC derivative assets and liabilities are presented at gross amounts and are not offset in the Consolidated Statement 
of Assets and Liabilities.
(2)
In some instances, the actual collateral received and/or pledged may be more than the amount shown due to over collateralization.
30
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (continued)
The following table summarizes the monthly average market value of derivatives outstanding during the period ended April 30, 2025: 
 
Average Market Value ($)
Futures:
Commodity Futures Long
19,754,432
Commodity Futures Short
15,200,069
Equity Futures Long
42,498,736
Equity Futures Short
24,399,545
Interest Rate Futures Long
40,113,069
Interest Rate Futures Short
17,711,998
Options Contracts:
Equity Purchased Options
392,675
Equity Written Options
71,745
Forward Contracts:
Forward Contracts Purchased in USD
96,547,222
Forward Contracts Sold in USD
114,815,516
The following table summarizes the monthly average notional value of swap agreements outstanding during the period ended April 30, 2025: 
 
Average Notional Value ($)
Swap Agreements:
Equity Total Return Swaps Pays Fixed Rate
40,043,292
At April 30, 2025, accumulated net unrealized depreciation on investments inclusive of derivative contracts was $392,130, consisting of $5,511,559 gross unrealized appreciation and $5,903,689 gross unrealized depreciation.
At April 30, 2025, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Consolidated Statement of Investments).
31
Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies (Unaudited)
N/A
32
Item 9. Proxy Disclosures for Open-End Management Investment Companies (Unaudited)
N/A
33
Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies (Unaudited)
Each board member also serves as a board member of other funds in the BNY Mellon Family of Funds complex, and annual retainer fees and meeting attendance fees are allocated to each fund based on net assets. The fund is charged for services performed by the fund’s Chief Compliance Officer. Compensation paid by the fund during the period to the board members and the Chief Compliance Officer are within Item 7. Consolidated Statement of Operations as Directors’ fees and expenses and Chief Compliance Officer fees, respectively. The aggregate amount of Directors’ fees and expenses and Chief Compliance Officer fees paid by the fund during the period was $28,544.
34
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contracts (Unaudited)
At a meeting of the fund’s Board of Directors (the “Board”) held on March 4-5, 2025, the Board considered the renewal of the fund’s Management Agreement, pursuant to which the Adviser provides the fund with investment advisory and administrative services, the Sub-Investment Advisory Agreement, pursuant to which Newton Investment Management North America, LLC (the “Sub-Adviser” or “NIMNA”) provides day-to-day management of the fund’s investments, and the Sub-Sub-Investment Advisory Agreement (collectively with the Management Agreement and Sub-Investment Advisory Agreement, the “Agreements”) between NIMNA and Newton Investment Management Limited (“NIM”), pursuant to which NIMNA may use the investment advisory personnel, resources and capabilities available at its sister company, NIM, in providing the day-to-day management of the fund’s investments. The fund also may gain investment exposure to global commodity markets through investments in a wholly-owned and controlled subsidiary of the fund (the “Subsidiary”) that principally invests directly in commodity-related instruments, including futures and options contracts, swap agreements and pooled investment vehicles that invest in commodities. The Subsidiary has the same investment objective, investment adviser and sub-adviser as the fund, although the Subsidiary’s agreements with the Adviser and the Sub-Adviser are not subject to approval by the Board. The Board members, none of whom are “interested persons” (as defined in the Investment Company Act of 1940, as amended) of the fund, were assisted in their review by independent legal counsel and met with counsel in executive session separate from representatives of the Adviser and the Sub-Adviser. In considering the renewal of the Agreements, the Board considered several factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Board member may have attributed different weights to the factors considered.
Analysis of Nature, Extent, and Quality of Services Provided to the Fund. The Board considered information provided to it at the meeting and in previous presentations from representatives of the Adviser regarding the nature, extent, and quality of the services provided to funds in the BNY fund complex, including the fund. The Adviser provided the number of open accounts in the fund, the fund’s asset size and the allocation of fund assets among distribution channels. The Adviser also had previously provided information regarding the diverse intermediary relationships and distribution channels of funds in the BNY fund complex (such as retail direct or intermediary, in which intermediaries typically are paid by the fund and/or the Adviser) and the Adviser’s corresponding need for broad, deep, and diverse resources to be able to provide ongoing shareholder services to each intermediary or distribution channel, as applicable to the fund.
The Board also considered research support available to, and portfolio management capabilities of, the fund’s portfolio management personnel and that the Adviser also provides oversight of day-to-day fund operations, including fund accounting and administration and assistance in meeting legal and regulatory requirements. The Board also considered the Adviser’s extensive administrative, accounting and compliance infrastructures, as well as the Adviser’s supervisory activities over the Sub-Adviser. The Board also considered portfolio management’s brokerage policies and practices (including policies and practices regarding soft dollars) and the standards applied in seeking best execution.
Comparative Analysis of the Fund’s Performance and Management Fee and Expense Ratio. The Board reviewed reports prepared by Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data based on classifications provided by Thomson Reuters Lipper (“Lipper”), which included information comparing (1) the performance of the fund’s Class I shares with the performance of a group of institutional alternative global macro funds selected by Broadridge as comparable to the fund (the “Performance Group”) and with a broader group of funds consisting of all retail and institutional alternative global macro funds (the “Performance Universe”), all for various periods ended December 31, 2024, and (2) the fund’s actual and contractual management fees and total expenses with those of the same group of funds in the Performance Group (the “Expense Group”) and with a broader group of funds consisting of all institutional alternative global macro funds, excluding outliers (the “Expense Universe”), the information for which was derived in part from fund financial statements available to Broadridge as of the date of its analysis. The Adviser previously had furnished the Board with a description of the methodology Broadridge used to select the Performance Group and Performance Universe and the Expense Group and Expense Universe.
Performance Comparisons. Representatives of the Adviser stated that the usefulness of performance comparisons may be affected by a number of factors, including different investment limitations and policies that may be applicable to the fund and comparison funds and the end date selected. The Board also considered the fund’s performance in light of overall financial market conditions. The Board discussed with representatives of the Adviser and the Sub-Adviser the results of the comparisons and considered that the fund’s total return performance was below the Performance Group median for all periods, except for the one-year period when the fund’s total return performance was above the Performance Group median, and was below the Performance Universe median for all periods, except
35
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contracts (Unaudited) (continued)
for the one- and four-year periods when the fund’s total return performance was above the Performance Universe median. The Adviser also provided a comparison of the fund’s calendar year total returns to the returns of the fund’s benchmark index.
Management Fee and Expense Ratio Comparisons. The Board reviewed and considered the contractual management fee rate payable by the fund to the Adviser in light of the nature, extent and quality of the management services and the sub-advisory services provided by the Adviser and the Sub-Adviser, respectively. In addition, the Board reviewed and considered the actual management fee rate paid by the fund over the fund’s last fiscal year, which included reductions for an expense limitation arrangement in place that reduced the management fee paid to the Adviser. The Board also reviewed the range of actual and contractual management fees and total expenses as a percentage of average net assets of the Expense Group and Expense Universe funds and discussed the results of the comparisons.
The Board considered that the fund’s contractual management fee was higher than the Expense Group median contractual management fee, the fund’s actual management fee was lower than the Expense Group median and lower than the Expense Universe median actual management fee, and the fund’s total expenses were higher than the Expense Group median and higher than the Expense Universe median total expenses.
Representatives of the Adviser stated that the Adviser has contractually agreed, until February 28, 2026, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of the fund’s share classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest expense, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed 1.15%. The Adviser also has contractually agreed, for so long as the fund invests in the Subsidiary, to waive receipt of the management fee payable to the Adviser by the Subsidiary.
Representatives of the Adviser noted that there were no other funds advised by the Adviser that are in the same Lipper category as the fund or separate accounts and/or other types of client portfolios advised by the Adviser or the Sub-Adviser that are considered to have similar investment strategies and policies as the fund.
The Board considered the fee payable to the Sub-Adviser in relation to the fee payable to the Adviser by the fund and the respective services provided by the Sub-Adviser and the Adviser. The Board also took into consideration that the Sub-Adviser’s fee is paid by the Adviser, out of its fee from the fund, and not the fund.
Analysis of Profitability and Economies of Scale. Representatives of the Adviser reviewed the expenses allocated and profit received by the Adviser and its affiliates and the resulting profitability percentage for managing the fund and the aggregate profitability percentage to the Adviser and its affiliates for managing the funds in the BNY fund complex, and the method used to determine the expenses and profit. The Board concluded that the profitability results were not excessive, given the services rendered and service levels provided by the Adviser and its affiliates. The Board also considered the expense limitation arrangement and its effect on the profitability of the Adviser and its affiliates. The Board also had been provided with information prepared by an independent consulting firm regarding the Adviser’s approach to allocating costs to, and determining the profitability of, individual funds and the entire BNY fund complex. The consulting firm also had analyzed where any economies of scale might emerge in connection with the management of a fund.
The Board considered, on the advice of its counsel, the profitability analysis (1) as part of its evaluation of whether the fees under the Agreements, considered in relation to the mix of services provided by the Adviser and the Sub-Adviser, including the nature, extent and quality of such services, supported the renewal of the Agreements and (2) in light of the relevant circumstances for the fund and the extent to which economies of scale would be realized if the fund grows and whether fee levels reflect these economies of scale for the benefit of fund shareholders. Representatives of the Adviser stated that a discussion of economies of scale is predicated on a fund having achieved a substantial size with increasing assets and that, if a fund’s assets had been stable or decreasing, the possibility that the Adviser may have realized any economies of scale would be less. Representatives of the Adviser also stated that, as a result of shared and allocated costs among funds in the BNY fund complex, the extent of economies of scale could depend substantially on the level of assets in the complex as a whole, so that increases and decreases in complex-wide assets can affect potential economies of scale in a manner that is disproportionate to, or even in the opposite direction from, changes in the fund’s asset level. The Board also considered potential benefits to the Adviser and the Sub-Adviser from acting as investment adviser and sub-investment adviser, respectively, and took into consideration the soft dollar arrangements in effect for trading the fund’s investments.
36
At the conclusion of these discussions, the Board agreed that it had been furnished with sufficient information to make an informed business decision with respect to the renewal of the Agreements. Based on the discussions and considerations as described above, the Board concluded and determined as follows.
●The Board concluded that the nature, extent and quality of the services provided by the Adviser and the Sub-Adviser are satisfactory and appropriate.
●The Board was satisfied with the fund’s recent performance.
●The Board concluded that the fees paid to the Adviser and the Sub-Adviser continued to be appropriate under the circumstances and in light of the factors and the totality of the services provided as discussed above.
●The Board determined that the economies of scale which may accrue to the Adviser and its affiliates in connection with the management of the fund had been adequately considered by the Adviser in connection with the fee rate charged to the fund pursuant to the Management Agreement and that, to the extent in the future it were determined that material economies of scale had not been shared with the fund, the Board would seek to have those economies of scale shared with the fund.
In evaluating the Agreements, the Board considered these conclusions and determinations and also relied on its previous knowledge, gained through meetings and other interactions with the Adviser and its affiliates and the Sub-Adviser, of the Adviser and the Sub-Adviser and the services provided to the fund by the Adviser and the Sub-Adviser. The Board also relied on information received on a routine and regular basis throughout the year relating to the operations of the fund and the investment management and other services provided under the Agreements, including information on the investment performance of the fund in comparison to similar mutual funds and benchmark performance indices; general market outlook as applicable to the fund; and compliance reports. In addition, the Board’s consideration of the contractual fee arrangements for the fund had the benefit of a number of years of reviews of the Agreements for the fund, or substantially similar agreements for other BNY funds that the Board oversees, during which lengthy discussions took place between the Board and representatives of the Adviser. Certain aspects of the arrangements may receive greater scrutiny in some years than in others, and the Board’s conclusions may be based, in part, on its consideration of the fund’s arrangements, or substantially similar arrangements for other BNY funds that the Board oversees, in prior years. The Board determined to renew the Agreements.
37
© 2025 BNY Mellon Securities Corporation
Code-6140NCSRSA0425 
 
BNY Mellon Global Real Return Fund
SEMI-ANNUAL FINANCIALS AND OTHER INFORMATION
April 30, 2025
 
Class
Ticker
A
DRRAX
C
DRRCX
I
DRRIX
Y
DRRYX
Save time. Save paper. View your next shareholder report online as soon as it’s available. Log into www.bny.com/investments and sign up for eCommunications. It’s simple and only takes a few minutes.
The views expressed in this report reflect those of the portfolio manager(s) only through the end of the period covered and do not necessarily represent the views of BNY Mellon Investment Adviser, Inc. or any other person in the BNY Mellon Investment Adviser, Inc. organization. Any such views are subject to change at any time based upon market or other conditions and BNY Mellon Investment Adviser, Inc. disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a fund in the BNY Mellon Family of Funds are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any fund in the BNY Mellon
Family of Funds.
Not FDIC-Insured • Not Bank-Guaranteed • May Lose Value
Contents
The Fund
Please note the Semi-Annual Financials and Other Information only contains Items 7-11 required in Form N-CSR. All other required items will be filed with the Securities and Exchange Commission (the “SEC”).
 
Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies. 
BNY Mellon Global Real Return Fund
CONSOLIDATED STATEMENT OF INVESTMENTS
April 30, 2025 (Unaudited)

 
Description
 
Coupon
Rate (%)
Maturity
Date
Principal
Amount ($)(a)
Value ($)
Bonds and Notes — 43.7%
France — .6%
Opal Bidco SAS, Sr. Scd. Bonds
EUR
5.50
3/31/2032
4,251,000
4,798,884
Hungary — .2%
OTP Bank Nyrt, Sub. Notes
8.75
5/15/2033
1,458,000
1,546,486
Indonesia — 1.1%
Indonesia, Bonds, Ser. FR91
IDR
6.38
4/15/2032
111,041,000,000
6,562,590
Indonesia, Bonds, Ser. FR96
IDR
7.00
2/15/2033
46,350,000,000
2,820,314
 
9,382,904
Italy — 1.6%
Intesa Sanpaolo SpA, Sr. Notes
7.20
11/28/2033
7,961,000
8,832,396
UniCredit SpA, Jr. Sub. Notes(b)
EUR
7.50
6/3/2026
4,422,000
5,181,878
 
14,014,274
Netherlands — 4.3%
Merrill Lynch BV, Bank Gtd. Bonds, Ser. DMB1(c)
0.00
2/2/2026
39,836,900
37,504,697
Switzerland — .1%
Credit Suisse Group AG, Jr. Sub. Notes(b)
5.25
8/11/2027
9,685,000
726,375
Credit Suisse Group AG, Jr. Sub. Notes(b)
7.25
9/12/2025
2,650,000
198,750
 
925,125
United Kingdom — 8.2%
HSBC Holdings PLC, Jr. Sub. Notes(b)
EUR
4.75
7/4/2029
7,651,000
8,408,790
HSBC Holdings PLC, Sub. Notes
EUR
6.36
11/16/2032
4,303,000
5,216,390
HSBC Holdings PLC, Sub. Notes
GBP
8.20
11/16/2034
6,164,000
8,982,350
Lloyds Banking Group PLC, Jr. Sub. Notes(b)
GBP
7.50
6/27/2030
1,444,000
1,865,522
United Kingdom Gilt, Bonds
GBP
4.25
9/7/2039
22,977,400
28,878,512
United Kingdom Gilt, Bonds
GBP
4.75
10/22/2043
10,079,094
12,924,235
Vmed O2 UK Financing I PLC, Sr. Scd. Bonds
GBP
4.00
1/31/2029
4,088,000
5,021,302
 
71,297,101
United States — 27.6%
Ashtead Capital, Inc., Gtd. Notes(d)
5.80
4/15/2034
890,000
892,335
Ball Corp., Gtd. Notes(e)
2.88
8/15/2030
1,794,000
1,589,920
CCO Holdings LLC/CCO Holdings Capital Corp., Sr. Unscd. Notes(d)
5.50
5/1/2026
2,289,000
2,287,880
Sprint Capital Corp., Gtd. Notes
8.75
3/15/2032
4,597,000
5,520,137
U.S. Treasury Floating Rate Notes, (3 Month USBMMY +0.10%)(e),(f)
4.34
1/31/2027
115,285,800
115,232,503
U.S. Treasury Floating Rate Notes, (3 Month USBMMY +0.13%)(f)
4.37
7/31/2025
4,395,800
4,395,933
U.S. Treasury Floating Rate Notes, (3 Month USBMMY +0.25%)(f)
4.49
1/31/2026
55,827,900
55,895,078
U.S. Treasury Inflation Indexed Notes(g)
1.25
4/15/2028
51,867,103
52,119,875
United Airlines, Inc., Sr. Scd. Notes(d)
4.38
4/15/2026
1,224,000
1,207,566
 
239,141,227
Total Bonds and Notes
(cost $382,973,533)
378,610,698
 
 
 
 
 
Shares
 
Common Stocks — 31.4%
Brazil — .4%
B3 SA - Brasil Bolsa Balcao
1,454,368
3,416,073
3
CONSOLIDATED STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description
 
 
 
Shares
Value ($)
Common Stocks — 31.4% (continued)
France — 1.3%
Airbus SE
43,803
7,301,414
Sanofi SA
37,706
4,096,392
 
11,397,806
Germany — 1.0%
Rheinmetall AG(h)
5,122
8,697,884
Hong Kong — .2%
Hong Kong Exchanges & Clearing Ltd.
38,400
1,687,390
India — .5%
HDFC Bank Ltd.
196,002
4,465,993
Ireland — .8%
Experian PLC
143,369
7,098,171
Japan — 1.0%
Hokuhoku Financial Group, Inc.
31,000
551,791
Iyogin Holdings, Inc.
42,900
493,419
Mitsubishi UFJ Financial Group, Inc.
277,200
3,496,504
Mizuho Financial Group, Inc.
161,800
4,051,224
 
8,592,938
Netherlands — .4%
Universal Music Group NV
130,447
3,820,033
Sweden — .9%
Spotify Technology SA(h),(i)
12,243
7,516,957
Switzerland — 2.0%
Alcon AG
117,752
11,493,773
Nestle SA
52,368
5,567,054
 
17,060,827
Taiwan — 1.0%
Taiwan Semiconductor Manufacturing Co. Ltd., ADR
50,984
8,498,523
United Kingdom — 9.1%
Aon PLC, Cl. A
12,803
4,542,376
AstraZeneca PLC
78,385
11,206,865
BAE Systems PLC
364,995
8,437,108
Barclays PLC
1,082,263
4,280,841
Informa PLC
555,928
5,392,163
Land Securities Group PLC
990,136
7,818,359
London Stock Exchange Group PLC
36,517
5,657,447
Reckitt Benckiser Group PLC
107,478
6,929,754
Rolls-Royce Holdings PLC(i)
1,042,573
10,479,134
Unilever PLC
223,328
14,162,779
 
78,906,826
United States — 12.8%
Alphabet, Inc., Cl. A
27,179
4,316,025
Amazon.com, Inc.(i)
58,935
10,868,793
Apple, Inc.
5,074
1,078,225
CME Group, Inc.
40,371
11,185,997
Danaher Corp.
16,522
3,293,330
Deere & Co.
11,696
5,421,798
Dominion Energy, Inc.
155,794
8,472,078
Equifax, Inc.
11,545
3,003,201
Freeport-McMoRan, Inc.
103,243
3,719,845
Hubbell, Inc.
15,616
5,671,419
Linde PLC
19,055
8,636,298
4
Description
 
 
 
Shares
Value ($)
Common Stocks — 31.4% (continued)
United States — 12.8% (continued)
Mastercard, Inc., Cl. A
7,970
4,368,038
Microsoft Corp.
22,212
8,779,515
Molson Coors Beverage Co., Cl. B
104,665
6,021,377
Netflix, Inc.(i)
8,079
9,143,166
Phillips 66
28,901
3,007,438
The Estee Lauder Companies, Inc., Cl. A
37,128
2,226,195
The Walt Disney Company(h)
68,741
6,251,994
Zoetis, Inc.
34,309
5,365,927
 
110,830,659
Total Common Stocks
(cost $212,381,881)
271,990,080
 
 
 
 
 
 
 
Exchange-Traded Funds — 2.2%
United States — 2.2%
iShares Gold Trust(i),(j)
141,620
8,804,516
iShares Silver Trust(i),(j)
64,364
1,905,174
SPDR Gold Shares(i),(j)
27,544
8,367,041
Total Exchange-Traded Funds
(cost $16,115,815)
19,076,731
 
Description/Number of Contracts
 
Exercise
Price
Expiration
Date
Notional
Amount ($)(k)
 
Options Purchased — .1%
Call Options — .1%
DJ Euro Stoxx 50, Contracts 1,305
EUR
5,350
6/20/2025
69,817,500
589,870
DJ Euro Stoxx 50, Contracts 1,305
EUR
5,350
6/20/2025
69,817,500
589,869
Total Options Purchased
(cost $3,258,125)
1,179,739
 
Description
 
Annualized
Yield (%)
Maturity
Date
Principal
Amount ($)(a)
 
Short-Term Investments — 2.4%
Brazil — 2.4%
Brazil Letras do Tesouro Nacional, Treasury Bills(l)
(cost $19,418,056)
BRL
14.32
1/1/2030
212,553,000
20,603,130
 
 
 
1-Day
Yield (%)
 
Shares
 
Investment Companies — 11.1%
Closed-End Investment Companies — 3.8%
Amedeo Air Four Plus Ltd.
1,602,711
1,230,297
Greencoat UK Wind PLC
6,409,435
9,857,300
The BioPharma Credit Fund PLC
13,330,690
11,384,409
The Fund Riverstone Credit Opportunities Income PLC
2,906,262
2,259,619
The Renewables Infrastructure Group, Ltd.
7,163,244
7,637,164
 
32,368,789
Registered Investment Companies — 7.3%
Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional
Shares(m)
4.45
63,516,428
63,516,428
Total Investment Companies
(cost $106,217,071)
95,885,217
5
CONSOLIDATED STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description
 
1-Day
Yield (%)
 
Shares
Value ($)
Investment of Cash Collateral for Securities Loaned — .1%
Registered Investment Companies — .1%
Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional
Shares(m)
(cost $1,181,180)
4.45
1,181,180
1,181,180
Total Investments (cost $741,545,661)
91.0
%
788,526,775
Cash and Receivables (Net)
9.0
%
77,656,587
Net Assets
100.0
%
866,183,362
 
ADR—American Depositary Receipt
BRL—Brazilian Real
EUR—Euro
GBP—British Pound
IDR—Indonesian Rupiah
SPDR—Standard & Poor’s Depository Receipt
USBMMY—U.S. Treasury Bill Money Market Yield
 
(a)
Amount stated in U.S. Dollars unless otherwise noted above.
(b)
Security is a perpetual bond with no specified maturity date. Maturity date shown is next reset date of the bond.
(c)
Security issued with a zero coupon.
(d)
Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers. At April 30, 2025, these securities amounted to $4,387,781 or 0.5% of net assets.
(e)
Security, or portion thereof, on loan. At April 30, 2025, the value of the fund’s securities on loan was $86,950,651 and the value of the collateral was
$88,793,434, consisting of cash collateral of $1,181,180 and U.S. Government & Agency securities valued at $87,612,254.  In addition, the value of
collateral may include pending sales that are also on loan.
(f)
Variable rate security—Interest rate resets periodically and the rate shown is the interest rate in effect at period end. Security description also includes the
reference rate and spread if published and available.
(g)
Principal amount for accrual purposes is periodically adjusted based on changes in the Consumer Price Index.
(h)
All or a portion of this security is held as collateral as an obligation that a single-name option written currently held by the fund can be exercised.
(i)
Non-income producing security.
(j)
These securities are wholly-owned by the Subsidiary referenced in Note 1.
(k)
Notional amount stated in U.S. Dollars unless otherwise indicated.
(l)
Security is a discount security. Income is recognized through the accretion of discount.
(m)
Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company’s
prospectus.
 
Affiliated Issuers
Description
Value ($)
10/31/2024
Purchases ($)†
Sales ($)
Value ($)
4/30/2025
Dividends/
Distributions ($)
Registered Investment Companies - 7.3%
Dreyfus Institutional Preferred Government Plus Money
Market Fund, Institutional Shares - 7.3%
26,656,757
436,813,693
(399,954,022)
63,516,428
918,073
6
Affiliated Issuers (continued)
Description
Value ($)
10/31/2024
Purchases ($)†
Sales ($)
Value ($)
4/30/2025
Dividends/
Distributions ($)
Investment of Cash Collateral for Securities Loaned - .1%
Dreyfus Institutional Preferred Government Plus Money
Market Fund, Institutional Shares - .1%
36,832,554
414,180,841
(449,832,215)
1,181,180
8,642††
Total - 7.5%
63,489,311
850,994,534
(849,786,237)
64,697,608
926,715
 
†
Includes reinvested dividends/distributions.
††
Represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and
other payments to and from borrowers of securities.
 
Futures
Description
Number of
Contracts
Expiration
Notional
Value ($)
Market
Value ($)
Unrealized
Appreciation
(Depreciation) ($)
Futures Long
STOXX Europe 600 Index
348
6/20/2025
10,779,283(a)
10,317,046
(462,237)
Long Gilt
437
6/26/2025
53,681,041(a)
54,465,104
784,063
Topix Bank Index
185
6/12/2025
4,814,296(a)
4,598,476
(215,820)
5 Year U.S. Treasury Note
314
6/30/2025
33,989,985
34,287,327
297,342
10 Year U.S. Treasury Note
216
6/18/2025
24,432,486
24,239,250
(193,236)
Futures Short
S&P 500 E-mini
198
6/20/2025
54,619,200
55,311,300
(692,100)
Gross Unrealized Appreciation
1,081,405
Gross Unrealized Depreciation
(1,563,393)
 
(a)
Notional amounts in foreign currency have been converted to USD using relevant foreign exchange rates.
 
Options Written
 
 
 
 
 
Description/Contracts
Exercise Price
Expiration
Date
Notional
Amount ($)(a)
 
Value ($)
Call Options:
Rheinmetall AG, Contracts 25
900
5/16/2025
2,250,000
EUR
(1,700,436)
Put Options:
DJ Euro Stoxx 50, Contracts 653
5,000
6/20/2025
32,650,000
EUR
(757,505)
DJ Euro Stoxx 50, Contracts 652
5,000
6/20/2025
32,600,000
EUR
(756,345)
DJ Euro Stoxx Banks, Contracts 1,754
185
5/16/2025
16,224,500
EUR
(461,982)
GE Vernova, Inc., Contracts 132
290
6/20/2025
3,828,000
(66,924)
Quanta Services, Inc., Contracts 126
250
5/16/2025
3,150,000
(23,310)
Rheinmetall AG, Contracts 25
1,260
5/16/2025
3,150,000
EUR
(34,212)
Siemens AG, Contracts 197
190
6/20/2025
3,743,000
EUR
(126,092)
Spotify Technology SA, Contracts 3
500
5/16/2025
150,000
(414)
The Walt Disney Company, Contracts 407
70
6/20/2025
2,849,000
(18,722)
Total Options Written
(premiums received $5,349,189)
(3,945,942)
 
EUR—Euro
 
(a)
Notional amount stated in U.S. Dollars unless otherwise indicated.
7
CONSOLIDATED STATEMENT OF INVESTMENTS (Unaudited) (continued)
 
Forward Foreign Currency Exchange Contracts
Counterparty/
Purchased
Currency
Purchased
Currency
Amounts
Currency
Sold
Sold
Currency
Amounts
Settlement
Date
Unrealized
Appreciation
(Depreciation) ($)
Barclays Capital, Inc.
United States Dollar
1,425,154
British Pound
1,103,235
6/18/2025
(45,402)
Euro
5,814,077
United States Dollar
6,635,371
6/18/2025
(28,497)
British Pound
3,087,399
United States Dollar
4,108,138
6/18/2025
7,208
CIBC World Markets Corp.
Euro
7,553,427
United States Dollar
8,607,859
6/18/2025
(24,461)
Euro
3,727,230
United States Dollar
4,246,634
6/18/2025
(11,165)
British Pound
6,487,102
United States Dollar
8,666,865
6/18/2025
(19,889)
Citigroup Global Markets, Inc.
Indonesian Rupiah
40,041,045,007
United States Dollar
2,372,521
6/18/2025
34,790
British Pound
3,207,436
United States Dollar
4,258,561
6/18/2025
16,788
J.P. Morgan Securities LLC
Japanese Yen
350,639,734
United States Dollar
2,356,679
5/15/2025
99,825
Euro
7,383,806
United States Dollar
8,384,815
6/18/2025
5,834
Euro
7,382,905
United States Dollar
8,414,694
6/18/2025
(25,069)
Euro
5,693,123
United States Dollar
6,493,802
6/18/2025
(24,375)
RBS Securities, Inc.
United States Dollar
5,089,260
Swiss Franc
4,560,384
5/15/2025
(446,085)
Australian Dollar
29,544,641
United States Dollar
18,576,932
6/18/2025
358,098
United States Dollar
6,128,907
Danish Krone
42,420,529
6/18/2025
(331,109)
British Pound
4,748,592
United States Dollar
6,173,920
6/18/2025
155,711
Danish Krone
9,239,564
United States Dollar
1,358,512
6/18/2025
48,536
Danish Krone
1,779,010
United States Dollar
264,092
6/18/2025
6,825
United States Dollar
1,330,777
Euro
1,192,914
6/18/2025
(24,801)
Danish Krone
10,412,487
United States Dollar
1,587,560
6/18/2025
(1,893)
Euro
1,408,446
United States Dollar
1,605,959
6/18/2025
(5,460)
Euro
3,548,500
United States Dollar
4,082,095
6/18/2025
(49,728)
State Street Bank & Trust Company
Japanese Yen
352,109,207
United States Dollar
2,349,953
5/15/2025
116,844
Japanese Yen
236,978,266
United States Dollar
1,598,471
5/15/2025
61,746
Japanese Yen
336,614,145
United States Dollar
2,266,342
5/15/2025
91,902
Japanese Yen
3,029,696,771
United States Dollar
20,429,513
5/15/2025
795,868
Japanese Yen
760,532,546
United States Dollar
5,126,482
5/15/2025
201,640
Japanese Yen
165,117,086
United States Dollar
1,099,414
5/15/2025
57,360
United States Dollar
9,999,444
Japanese Yen
1,422,095,891
5/15/2025
36,556
United States Dollar
8,531,100
Japanese Yen
1,210,422,274
5/15/2025
51,151
United States Dollar
17,080,843
Brazilian Real
101,325,271
6/18/2025
(562,053)
Brazilian Real
29,628,434
United States Dollar
5,054,753
6/18/2025
104,191
Brazilian Real
38,301,282
United States Dollar
6,568,561
6/18/2025
100,511
United States Dollar
94,564,875
Euro
85,533,171
6/18/2025
(2,631,451)
United States Dollar
190,144,578
British Pound
144,434,300
6/18/2025
(2,378,976)
United States Dollar
12,101,296
Indonesian Rupiah
202,618,052,220
6/18/2025
(80,321)
British Pound
19,522,697
United States Dollar
25,405,847
6/18/2025
616,912
Euro
12,897,379
United States Dollar
14,254,893
6/18/2025
401,151
United States Dollar
4,919,831
Euro
4,442,486
6/18/2025
(128,424)
Danish Krone
20,568,913
United States Dollar
3,035,509
6/18/2025
96,831
8
Forward Foreign Currency Exchange Contracts (continued)
Counterparty/
Purchased
Currency
Purchased
Currency
Amounts
Currency
Sold
Sold
Currency
Amounts
Settlement
Date
Unrealized
Appreciation
(Depreciation) ($)
State Street Bank & Trust Company (continued)
Euro
11,181,691
United States Dollar
12,792,160
6/18/2025
(85,753)
British Pound
18,018,485
United States Dollar
24,001,419
6/18/2025
16,302
British Pound
9,538,859
United States Dollar
12,768,717
6/18/2025
(53,904)
UBS Securities LLC
United States Dollar
6,185,999
Euro
5,608,691
6/18/2025
(187,483)
United States Dollar
7,249,693
Euro
6,599,281
6/18/2025
(249,455)
Gross Unrealized Appreciation
3,482,580
Gross Unrealized Depreciation
(7,395,754)
 
OTC Total Return Swaps
Received
Reference
Entity
Paid
Reference
Entity
Counterparties
Maturity
Date
Notional
Amount ($)
Unrealized
Appreciation
(Depreciation) ($)
USD - GSVLTYIA at
Maturity
USD - FEDL01 5.03% at
Maturity
Goldman Sachs & Co. LLC
3/9/2026
40,426,291
611,703
USD - BXIINIM3 at
Maturity(a)
USD Maturity Fixed at
0.60%
Barclays Capital, Inc.
11/24/2025
42,287,227
(5,720,530)
USD - BXIINIF3 at
Maturity(a)
USD Maturity Fixed at
0.60%
Barclays Capital, Inc.
12/5/2025
42,555,974
(5,154,769)
USD - CIEQVHG4 at
Maturity(a)
USD 6 Month Fixed at
0.00%
Citigroup Global Markets, Inc.
1/6/2026
32,407,813
(2,355,785)
USD - GSVISK2S at
Maturity
USD Maturity Fixed at
0.00%
Goldman Sachs & Co. LLC
2/23/2026
83,299,623
(6,343,883)
Gross Unrealized Appreciation
611,703
Gross Unrealized Depreciation
(19,574,967)
 
FEDL01—Effective Federal Funds Rate
GSVISK2S—GS Systematic Skew US Series 2S Excess Return Strategy
BXIINIM3—Barclays NIM3 Index
BXIINIF3—Barclays NIF3 Index
CIEQVHG4—Citi High Yield CB Volatility Carry Series 4 Index
GSVLTYIA—GS Treasury Inter-Weekly Volatility Carry
USD—United States Dollar
 
(a)
Underlying reference is the Index which is a basket of underlying securities listed within the Custom Basket Table. Payment to or from Counterparties is based
on the underlying components of the Basket.
 
Custom Basket
Underlying
Effective
Date
Termination
Date
Volatility
Strike (%)
Vega
Notional
 
Index (%)
Barclays BXIINIF3 Index
S&P 500 Variance Swap
4/25/2025
5/2/2025
23.88
93,334
USD
100%
Barclays BXIINIM3 Index
S&P 500 Variance Swap
4/28/2025
5/5/2025
24.23
124,706
USD
100%
9
CONSOLIDATED STATEMENT OF INVESTMENTS (Unaudited) (continued)
 
Custom Basket
Underlying
Strike
Expiration
Date
Shares
Value ($)
Index (%)
CIEQVHG4
Cash:
USD
89,513,785
89,513,785
276.1%
Equity:
iShares iBoxx $ High Yield Corporate Bond ETF
(659,262)
(51,817,960)
-159.9%
Options:
iShares iBoxx $ High Yield Corporate Bond ETF Call
79
5/16/2025
(694,432)
(173,608)
-0.5%
iShares iBoxx $ High Yield Corporate Bond ETF Call
80
5/16/2025
(561,859)
(19,665)
-0.1%
iShares iBoxx $ High Yield Corporate Bond ETF Put
77
5/16/2025
(12,962)
(3,268)
-0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put
78
5/16/2025
(715,882)
(334,607)
-1.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put
79
5/16/2025
(527,448)
(497,933)
-1.5%
iShares iBoxx $ High Yield Corporate Bond ETF Call
77
6/20/2025
(120,030)
(204,536)
-0.6%
iShares iBoxx $ High Yield Corporate Bond ETF Call
78
6/20/2025
(79,784)
(78,722)
-0.2%
iShares iBoxx $ High Yield Corporate Bond ETF Call
79
6/20/2025
(1,049,660)
(515,829)
-1.6%
iShares iBoxx $ High Yield Corporate Bond ETF Call
80
6/20/2025
(229,533)
(39,025)
-0.1%
iShares iBoxx $ High Yield Corporate Bond ETF Put
74
6/20/2025
(24,016)
(5,798)
-0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put
75
6/20/2025
(61,850)
(20,684)
-0.1%
iShares iBoxx $ High Yield Corporate Bond ETF Put
76
6/20/2025
(77,169)
(36,303)
-0.1%
iShares iBoxx $ High Yield Corporate Bond ETF Put
77
6/20/2025
(285,787)
(188,157)
-0.6%
iShares iBoxx $ High Yield Corporate Bond ETF Put
78
6/20/2025
(982,052)
(918,165)
-2.8%
iShares iBoxx $ High Yield Corporate Bond ETF Put
79
6/20/2025
(48,133)
(68,109)
-0.2%
iShares iBoxx $ High Yield Corporate Bond ETF Call
77
7/18/2025
(270,883)
(488,308)
-1.5%
iShares iBoxx $ High Yield Corporate Bond ETF Call
78
7/18/2025
(410,075)
(481,437)
-1.5%
iShares iBoxx $ High Yield Corporate Bond ETF Call
79
7/18/2025
(330,515)
(209,037)
-0.6%
iShares iBoxx $ High Yield Corporate Bond ETF Put
74
7/18/2025
(43,229)
(18,461)
-0.1%
iShares iBoxx $ High Yield Corporate Bond ETF Put
75
7/18/2025
(171,107)
(93,907)
-0.3%
iShares iBoxx $ High Yield Corporate Bond ETF Put
76
7/18/2025
(384,054)
(272,104)
-0.8%
iShares iBoxx $ High Yield Corporate Bond ETF Put
77
7/18/2025
(305,707)
(282,867)
-0.9%
iShares iBoxx $ High Yield Corporate Bond ETF Put
78
7/18/2025
(107,376)
(135,294)
-0.4%
iShares iBoxx $ High Yield Corporate Bond ETF Call
77
8/15/2025
(6,631)
(12,313)
-0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Call
78
8/15/2025
(19,923)
(24,935)
-0.1%
iShares iBoxx $ High Yield Corporate Bond ETF Call
79
8/15/2025
(74,588)
(54,755)
-0.2%
iShares iBoxx $ High Yield Corporate Bond ETF Put
75
8/15/2025
(6,631)
(4,846)
-0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put
76
8/15/2025
(19,923)
(18,240)
-0.1%
iShares iBoxx $ High Yield Corporate Bond ETF Put
77
8/15/2025
(74,588)
(87,099)
-0.3%
Total Basket Value
32,407,813
See notes to consolidated financial statements.
10
CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES 
April 30, 2025 (Unaudited) 
 
Cost
Value
Assets ($):
Investments in securities—See Consolidated Statement of Investments
(including securities on loan, valued at $86,950,651)—Note 1(c):
Unaffiliated issuers
676,848,053
723,829,167
Affiliated issuers
64,697,608
64,697,608
Cash
30,672,660
Cash denominated in foreign currency
9,684,882
9,676,404
Cash collateral held by broker—Note 4
64,488,615
Dividends, interest and securities lending income receivable
3,560,313
Unrealized appreciation on forward foreign currency exchange contracts—Note 4
3,482,580
Tax reclaim receivable—Note 1(b)
2,263,877
Receivable for investment securities sold
1,252,100
Unrealized appreciation on over-the-counter swap agreements—Note 4
611,703
Receivable for futures variation margin—Note 4
314,857
Receivable for shares of Common Stock subscribed
245,986
Prepaid expenses
53,632
 
905,149,502
Liabilities ($):
Due to BNY Mellon Investment Adviser, Inc. and affiliates—Note 3(c)
619,561
Unrealized depreciation on over-the-counter swap agreements—Note 4
19,574,967
Unrealized depreciation on forward foreign currency exchange contracts—Note 4
7,395,754
Payable for shares of Common Stock redeemed
6,066,710
Outstanding options written, at value (premiums received $5,349,189)—Note 4
3,945,942
Liability for securities on loan—Note 1(c)
1,181,180
Directors’ fees and expenses payable
18,783
Other accrued expenses
163,243
 
38,966,140
Net Assets ($)
866,183,362
Composition of Net Assets ($):
Paid-in capital
922,707,708
Total distributable earnings (loss)
(56,524,346
)
Net Assets ($)
866,183,362
 
Net Asset Value Per Share
Class A
Class C
Class I
Class Y
Net Assets ($)
28,335,046
12,380,838
579,538,006
245,929,472
Shares Outstanding
1,880,512
855,167
38,308,638
16,249,714
Net Asset Value Per Share ($)
15.07
14.48
15.13
15.13
See notes to consolidated financial statements.
11
CONSOLIDATED STATEMENT OF OPERATIONS
Six Months Ended April 30, 2025 (Unaudited) 
 
 
Investment Income ($):
Income:
Interest (net of $30,982 foreign taxes withheld at source)
8,224,904
Dividends (net of $148,361 foreign taxes withheld at source):
Unaffiliated issuers
5,339,379
Affiliated issuers
918,073
Affiliated income net of rebates from securities lending—Note 1(c)
8,642
Total Income
14,490,998
Expenses:
Management fee—Note 3(a)
3,527,644
Shareholder servicing costs—Note 3(c)
396,141
Subsidiary management fees—Note 3(a)
173,600
Professional fees
134,623
Distribution Plan fees—Note 3(b)
49,636
Directors’ fees and expenses—Note 3(d)
47,759
Custodian fees—Note 3(c)
42,515
Registration fees
39,938
Prospectus and shareholders’ reports
29,033
Chief Compliance Officer fees—Note 3(c)
16,037
Loan commitment fees—Note 2
11,324
Miscellaneous
17,720
Total Expenses
4,485,970
Less—reduction in expenses due to undertaking—Note 3(a)
(249,018
)
Less—reduction in fees due to earnings credits—Note 3(c)
(350
)
Net Expenses
4,236,602
Net Investment Income
10,254,396
Realized and Unrealized Gain (Loss) on Investments—Note 4 ($):
Net realized gain (loss) on investments and foreign currency transactions
39,515,613
Net realized gain (loss) on futures
(4,155,809
)
Net realized gain (loss) on options transactions
(4,034,673
)
Net realized gain (loss) on forward foreign currency exchange contracts
2,809,414
Net realized gain (loss) on swap agreements
5,728,353
Net Realized Gain (Loss)
39,862,898
Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions
(24,285,047
)
Net change in unrealized appreciation (depreciation) on futures
4,411,661
Net change in unrealized appreciation (depreciation) on options transactions
4,048,026
Net change in unrealized appreciation (depreciation) on forward foreign currency exchange contracts
(8,312,676
)
Net change in unrealized appreciation (depreciation) on swap agreements
(27,203,277
)
Net change in unrealized appreciation (depreciation) on foreign capital gains tax
97,256
Net Change in Unrealized Appreciation (Depreciation)
(51,244,057
)
Net Realized and Unrealized Gain (Loss) on Investments
(11,381,159
)
Net (Decrease) in Net Assets Resulting from Operations
(1,126,763
)
See notes to consolidated financial statements.
12
CONSOLIDATED STATEMENT OF CHANGES IN NET ASSETS
  
 
Six Months Ended
April 30, 2025 (Unaudited)
Year Ended
October 31, 2024
 
Operations ($):
Net investment income
10,254,396
35,504,413
Net realized gain (loss) on investments
39,862,898
111,796,859
Net change in unrealized appreciation (depreciation) on investments
(51,244,057)
51,025,096
Net Increase (Decrease) in Net Assets Resulting from Operations
(1,126,763)
198,326,368
Distributions ($):
Distributions to shareholders:
Class A
(1,473,909)
-
Class C
(558,097)
-
Class I
(32,867,937)
(1,336,338)
Class Y
(14,716,451)
(1,323,999)
Total Distributions
(49,616,394)
(2,660,337)
Capital Stock Transactions ($):
Net proceeds from shares sold:
Class A
2,569,444
9,489,004
Class C
393,146
478,938
Class I
82,884,551
119,082,479
Class Y
9,829,176
17,733,271
Distributions reinvested:
Class A
1,389,141
-
Class C
531,436
-
Class I
31,208,797
1,248,689
Class Y
8,923,777
655,110
Cost of shares redeemed:
Class A
(5,235,560)
(17,413,245)
Class C
(2,128,593)
(8,591,705)
Class I
(160,017,939)
(625,339,037)
Class Y
(42,133,516)
(321,465,566)
Increase (Decrease) in Net Assets from Capital Stock Transactions
(71,786,140)
(824,122,062)
Total Increase (Decrease) in Net Assets
(122,529,297)
(628,456,031)
Net Assets ($):
Beginning of Period
988,712,659
1,617,168,690
End of Period
866,183,362
988,712,659
13
CONSOLIDATED STATEMENT OF CHANGES IN NET ASSETS (continued)
 
Six Months Ended
April 30, 2025 (Unaudited)
Year Ended
October 31, 2024
 
Capital Share Transactions (Shares):
Class A(a),(b)
Shares sold
163,381
615,829
Shares issued for distributions reinvested
91,091
-
Shares redeemed
(337,460)
(1,129,214)
Net Increase (Decrease) in Shares Outstanding
(82,988)
(513,385)
Class C(a)
Shares sold
27,051
32,432
Shares issued for distributions reinvested
36,176
-
Shares redeemed
(142,572)
(583,687)
Net Increase (Decrease) in Shares Outstanding
(79,345)
(551,255)
Class I(b)
Shares sold
5,299,431
7,796,439
Shares issued for distributions reinvested
2,039,791
83,580
Shares redeemed
(10,290,193)
(41,363,978)
Net Increase (Decrease) in Shares Outstanding
(2,950,971)
(33,483,959)
Class Y(b)
Shares sold
625,349
1,157,719
Shares issued for distributions reinvested
583,253
43,849
Shares redeemed
(2,758,829)
(21,520,688)
Net Increase (Decrease) in Shares Outstanding
(1,550,227)
(20,319,120)
 
(a)
During the period ended April 30, 2025, 581 Class C shares representing $8,912 were automatically converted to 556 Class A shares and during the period ended
October 31, 2024, 4,202 Class C shares representing $64,239 were automatically converted to 4,024 Class A shares.
(b)
During the period ended April 30, 2025, 130,505 Class Y shares representing $2,101,212 were exchanged for 130,587 Class I shares. During the period ended
October 31, 2024, 11,381 Class A shares representing $179,700 were exchanged for 11,323 Class I shares and 559,039 Class Y shares representing
$8,481,332 were exchanged for 559,709 Class I shares.
See notes to consolidated financial statements.
14
CONSOLIDATED FINANCIAL HIGHLIGHTS
The following tables describe the performance for each share class for the fiscal periods indicated. All information (except portfolio turnover rate) reflects financial results for a single fund share. Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. 
 
Six Months Ended
April 30, 2025
(Unaudited) 
Year Ended October 31,
Class A Shares
2024
2023
2022
2021
2020
Per Share Data ($):
 
 
 
 
 
Net asset value, beginning of period
15.88
13.78
15.60
17.62
15.56
15.37
Investment Operations:
Net investment income(a)
.15
.42
.35
.13
.11
.17
Net realized and unrealized gain (loss) on
investments
(.18
)
1.68
(.82
)
(1.89
)
2.15
.35
Total from Investment Operations
(.03
)
2.10
(.47
)
(1.76
)
2.26
.52
Distributions:
Dividends from net investment income
(.78
)
-
(1.35
)
(.26
)
(.20
)
(.33
)
Net asset value, end of period
15.07
15.88
13.78
15.60
17.62
15.56
Total Return (%)(b)
(.33
)(c)
15.07
(3.39
)
(10.16
)
14.60
3.42
Ratios/Supplemental Data (%):
 
 
 
 
 
Ratio of total expenses to average net
assets
1.19
(d),(e)
1.21
(d)
1.16
(d)
1.11
(d)
1.15
(d)
1.21
Ratio of net expenses to average net
assets(f),(g)
1.15
(d),(e),(h)
1.15
(d),(h)
1.13
(d),(h)
1.09
(d),(h)
1.10
(d)
1.12
Ratio of net investment income to
average net assets(f)
1.94
(d),(e),(h)
2.73
(d),(h)
2.38
(d),(h)
.77
(d),(h)
.66
(d)
1.11
Portfolio Turnover Rate
51.13
(c)
77.47
77.27
73.19
71.67
91.18
Net Assets, end of period ($ x 1,000)
28,335
31,188
34,135
67,259
73,055
40,929
 
(a)
Based on average shares outstanding.
(b)
Exclusive of sales charge.
(c)
Not annualized.
(d)
Amounts do not include the expenses of the underlying funds.
(e)
Annualized.
(f)
Amount inclusive of reduction in expenses due to undertaking.
(g)
Reflected is the waiver of the Subsidiary management fee.
(h)
Amount inclusive of reduction in fees due to earnings credits.
See notes to consolidated financial statements.
15
CONSOLIDATED FINANCIAL HIGHLIGHTS (continued)
 
 
Six Months Ended
April 30, 2025
(Unaudited) 
Year Ended October 31,
Class C Shares
2024
2023
2022
2021
2020
Per Share Data ($):
 
 
 
 
 
Net asset value, beginning of period
15.20
13.28
15.06
17.04
15.06
14.89
Investment Operations:
Net investment income (loss)(a)
.09
.29
.23
(.01
)
(.02
)
.05
Net realized and unrealized gain (loss) on
investments
(.19
)
1.63
(.78
)
(1.83
)
2.08
.33
Total from Investment Operations
(.10
)
1.92
(.55
)
(1.84
)
2.06
.38
Distributions:
Dividends from net investment income
(.62
)
-
(1.23
)
(.14
)
(.08
)
(.21
)
Net asset value, end of period
14.48
15.20
13.28
15.06
17.04
15.06
Total Return (%)(b)
(.75
)(c)
14.29
(4.17
)
(10.84
)
13.72
2.57
Ratios/Supplemental Data (%):
 
 
 
 
 
Ratio of total expenses to average net
assets
1.97
(d),(e)
1.97
(d)
1.94
(d)
1.89
(d)
1.93
(d)
1.99
Ratio of net expenses to average net
assets(f),(g)
1.90
(d),(e),(h)
1.90
(d),(h)
1.90
(d),(h)
1.87
(d),(h)
1.88
(d)
1.90
Ratio of net investment income (loss) to
average net assets(f)
1.18
(d),(e),(h)
1.98
(d),(h)
1.61
(d),(h)
(.03
)(d),(h)
(.12
)(d)
.34
Portfolio Turnover Rate
51.13
(c)
77.47
77.27
73.19
71.67
91.18
Net Assets, end of period ($ x 1,000)
12,381
14,201
19,737
30,939
37,947
27,814
 
(a)
Based on average shares outstanding.
(b)
Exclusive of sales charge.
(c)
Not annualized.
(d)
Amounts do not include the expenses of the underlying funds.
(e)
Annualized.
(f)
Amount inclusive of reduction in expenses due to undertaking.
(g)
Reflected is the waiver of the Subsidiary management fee.
(h)
Amount inclusive of reduction in fees due to earnings credits.
See notes to consolidated financial statements.
16
 
 
Six Months Ended
April 30, 2025
(Unaudited) 
Year Ended October 31,
Class I Shares
2024
2023
2022
2021
2020
Per Share Data ($):
 
 
 
 
 
Net asset value, beginning
of period
15.97
13.84
15.67
17.69
15.62
15.42
Investment Operations:
Net investment income(a)
.17
.45
.38
.16
.15
.20
Net realized and unrealized
gain (loss) on
investments
(.19
)
1.70
(.81
)
(1.89
)
2.15
.36
Total from Investment
Operations
(.02
)
2.15
(.43
)
(1.73
)
2.30
.56
Distributions:
Dividends from net
investment income
(.82
)
(.02
)
(1.40
)
(.29
)
(.23
)
(.36
)
Net asset value, end of
period
15.13
15.97
13.84
15.67
17.69
15.62
Total Return (%)
(.24
)(b)
15.39
(3.17
)
(9.97
)
14.83
3.65
Ratios/Supplemental Data (%):
 
 
 
 
 
Ratio of total expenses to
average net assets
.96
(c),(d)
.96
(c)
.94
(c)
.90
(c)
.94
(c)
1.00
Ratio of net expenses to
average net assets(e),(f)
.90
(c),(d),(g)
.90
(c),(g)
.90
(c),(g)
.88
(c),(g)
.89
(c)
.90
Ratio of net investment
income to average net
assets(e)
2.18
(c),(d),(g)
2.98
(c),(g)
2.60
(c),(g)
.97
(c),(g)
.86
(c)
1.34
Portfolio Turnover Rate
51.13
(b)
77.47
77.27
73.19
71.67
91.18
Net Assets, end of period
($ x 1,000)
579,538
658,862
1,034,484
2,479,355
2,667,773
1,939,181
 
(a)
Based on average shares outstanding.
(b)
Not annualized.
(c)
Amounts do not include the expenses of the underlying funds.
(d)
Annualized.
(e)
Amount inclusive of reduction in expenses due to undertaking.
(f)
Reflected is the waiver of the Subsidiary management fee.
(g)
Amount inclusive of reduction in fees due to earnings credits.
See notes to consolidated financial statements.
17
CONSOLIDATED FINANCIAL HIGHLIGHTS (continued)
 
 
Six Months Ended
April 30, 2025
(Unaudited) 
Year Ended October 31,
Class Y Shares
2024
2023
2022
2021
2020
Per Share Data ($):
 
 
 
 
 
Net asset value, beginning of
period
15.98
13.87
15.70
17.73
15.64
15.45
Investment Operations:
Net investment income(a)
.18
.46
.40
.18
.17
.22
Net realized and unrealized gain
(loss) on investments
(.20
)
1.70
(.82
)
(1.91
)
2.16
.34
Total from Investment
Operations
(.02
)
2.16
(.42
)
(1.73
)
2.33
.56
Distributions:
Dividends from net investment
income
(.83
)
(.05
)
(1.41
)
(.30
)
(.24
)
(.37
)
Net asset value, end of period
15.13
15.98
13.87
15.70
17.73
15.64
Total Return (%)
(.23
)(b)
15.44
(3.12
)
(9.87
)
15.03
3.66
Ratios/Supplemental Data (%):
 
 
 
 
 
Ratio of total expenses to
average net assets
.86
(c),(d)
.87
(c)
.84
(c)
.81
(c)
.84
(c)
.89
Ratio of net expenses to average
net assets(e),(f)
.82
(c),(d),(g)
.84
(c),(g)
.81
(c),(g)
.79
(c),(g)
.79
(c)
.81
Ratio of net investment income
to average net assets(e)
2.25
(c),(d),(g)
3.03
(c),(g)
2.71
(c),(g)
1.07
(c),(g)
.97
(c)
1.44
Portfolio Turnover Rate
51.13
(b)
77.47
77.27
73.19
71.67
91.18
Net Assets, end of period ($
x 1,000)
245,929
284,462
528,812
934,867
1,014,628
877,533
 
(a)
Based on average shares outstanding.
(b)
Not annualized.
(c)
Amounts do not include the expenses of the underlying funds.
(d)
Annualized.
(e)
Amount inclusive of reduction in expenses due to undertaking.
(f)
Reflected is the waiver of the Subsidiary management fee.
(g)
Amount inclusive of reduction in fees due to earnings credits.
See notes to consolidated financial statements.
18
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
NOTE 1—
Significant Accounting Policies:
BNY Mellon Global Real Return Fund (the “fund”) is a separate diversified series of BNY Mellon Advantage Funds, Inc. (the “Company”), which is registered under the Investment Company Act of 1940, as amended (the “Act”), as an open-end management investment company and operates as a series company currently offering six series, including the fund. The fund’s investment objective is to seek total return (consisting of capital appreciation and income). BNY Mellon Investment Adviser, Inc. (the “Adviser”), a wholly-owned subsidiary of  The Bank of New York Mellon Corporation (“BNY”), serves as the fund’s investment adviser. Newton Investment Management Limited (the “Sub-Adviser” or “NIM”), an indirect wholly-owned subsidiary of BNY and an affiliate of the Adviser, serves as the fund’s sub-adviser. NIM has entered into a sub-sub-investment advisory agreement with its affiliate, Newton Investment Management North America, LLC (“NIMNA”), which enables NIMNA to provide certain advisory services to the Sub-Adviser for the benefit of the fund, including, but not limited to, portfolio management services. NIMNA is subject to the supervision of NIM and the Adviser. NIMNA is also an affiliate of the Adviser. NIMNA’s principal office is located at One Boston Place, 201 Washington Street, Boston, MA 02108. NIMNA is an indirect subsidiary of BNY.
The fund may gain investment exposure to global commodity markets through investments in GRR Commodity Fund Ltd., (the “Subsidiary”), a wholly-owned and controlled subsidiary of the fund organized under the laws of the Cayman Islands. The Subsidiary has the ability to invest in commodities and securities consistent with the investment objective of the fund. The Adviser serves as investment adviser for the Subsidiary, the Sub-Adviser serves as the Subsidiary’s sub-investment advisor and Citibank N.A. serves as the Subsidiary’s custodian. The financial statements have been consolidated and include the accounts of the fund and the Subsidiary. Accordingly, all inter-company transactions and balances have been eliminated. A subscription agreement was entered into between the fund and the Subsidiary, comprising the entire issued share capital of the Subsidiary, with the intent that the fund will remain the sole shareholder and retain all rights. Under the Amended and Restated Memorandum and Articles of Association, shares issued by the Subsidiary confer upon a shareholder the right to receive notice of, to attend and to vote at general meetings of the Subsidiary and shall confer upon the shareholder rights in a winding-up or repayment of capital and the right to participate in the profits or assets of the Subsidiary. The following summarizes the structure and relationship of the Subsidiary at April 30, 2025: 
 
Subsidiary Activity
Consolidated Fund Net Assets ($)
866,183,362
Subsidiary Percentage of Fund Net Assets
5.70%
Subsidiary Financial Statement Information ($)
Total Assets
49,449,391
Total Liabilities
39,856
Net Assets
49,409,535
Total Income
-
Total Expenses
191,729
Net Investment (Loss)
(191,729
)
Net Realized Gain (Loss)
11,244,914
Net Change in Unrealized Appreciation (Depreciation)
(3,208,834
)
Net Realized and Unrealized Gain (Loss) on Investments
8,036,080
Net Increase in Net Assets Resulting from Operations
7,844,351
BNY Mellon Securities Corporation (the “Distributor”), a wholly-owned subsidiary of the Adviser, is the distributor of the fund’s shares. The fund is authorized to issue 550 million shares of $.001 par value of Common Stock. The fund currently has authorized four classes of shares: Class A (45 million shares authorized), Class C (45 million shares authorized), Class I (255 million shares authorized) and Class Y (205 million shares authorized). Class A and Class C shares are sold primarily to retail investors through financial intermediaries and bear Distribution and/or Shareholder Services Plan fees. Class A shares generally are subject to a sales charge imposed at the time of purchase. Class A shares bought without an initial sales charge as part of an investment of $1 million or more may be charged a contingent deferred sales charge (“CDSC”) of 1.00% if redeemed within one year. Class C shares are subject to a CDSC imposed on Class C shares redeemed within one year of purchase. Class C shares automatically convert to Class A shares eight years after the date of purchase, without the imposition of a sales charge. Class I shares are sold primarily to bank trust departments and other financial service providers (including BNY and its affiliates), acting on behalf of customers having a qualified trust or an investment account or relationship at such institution, and bear no Distribution or Shareholder Services Plan fees. Class Y shares are sold at net asset value per share generally to institutional investors, and bear no Distribution or Shareholder Services Plan fees. Class I and Class Y shares are
19
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (continued)
offered without a front-end sales charge or CDSC. Other differences between the classes include the services offered to and the expenses borne by each class, the allocation of certain transfer agency costs and certain voting rights. Income, expenses (other than expenses attributable to a specific class), and realized and unrealized gains or losses on investments are allocated to each class of shares based on its relative net assets.
The Company accounts separately for the assets, liabilities and operations of each series. Expenses directly attributable to each series are charged to that series’ operations; expenses which are applicable to all series are allocated among them on a pro rata basis.
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 consolidated 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 Company enters into contracts that contain a variety of indemnifications. The fund’s maximum exposure under these arrangements is unknown. The fund does not anticipate recognizing any loss related to these arrangements.
(a) Portfolio valuation: 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 debt securities, excluding short-term investments (other than U.S. Treasury Bills), forward foreign currency exchange contracts (“forward contracts”), futures and options, are valued each business day by one or more independent pricing services (each, a “Service”) approved by the Board. Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of a Service are valued at the mean between the quoted bid prices (as obtained by a Service from dealers in such securities) and asked prices (as calculated by a Service based upon its evaluation of the market for such securities). Securities are valued as determined by a Service, based on methods which include consideration of the following: yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. The Services are engaged under the general supervision of the Board. These securities are generally categorized within Level 2 of the fair value hierarchy.
Investments in equity securities and exchange-traded funds are valued at the last sales price on the securities exchange or national securities market on which such securities are primarily traded. Securities listed on the National Market System for which market quotations are available are valued at the official closing price or, if there is no official closing price that day, at the last sales price. For open short positions, asked prices are used for valuation purposes. Bid price is used when no asked price is available. Registered invest
20
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (continued)
ment companies that are not traded on an exchange are valued at their net asset value. All of the preceding securities are generally categorized within Level 1 of the fair value hierarchy.
Securities not listed on an exchange or the national securities market, or securities for which there were no transactions, are valued at the average of the most recent bid and asked prices. These securities are generally categorized within Level 2 of the fair value hierarchy.
Fair valuing of securities may be determined with the assistance of a pricing service using calculations based on indices of domestic securities and other appropriate indicators, such as prices of relevant ADRs and futures. Utilizing these techniques may result in transfers between Level 1 and Level 2 of the fair value hierarchy.
When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market), but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.
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 contracts are valued at the forward rate and are generally categorized within Level 2 of the fair value hierarchy. Futures and options which are traded on an exchange, are valued at the last sales price on the securities exchange on which such securities are primarily traded or at the last sales price on the national securities market on each business day and are generally categorized within Level 1 of the fair value hierarchy. Investments in swap agreements are valued each business day by a Service. Swap agreements are valued by the Service by using a swap pricing model which incorporates among other factors, default probabilities, recovery rates, credit curves of the underlying issuer and swap spreads on interest rates and are generally categorized within Level 2 of the fair value hierarchy.
The following is a summary of the inputs used as of April 30, 2025 in valuing the fund’s investments: 
 
Level 1 -
Unadjusted
Quoted Prices
Level 2- Other
Significant
Observable Inputs
Level 3-
Significant
Unobservable
Inputs
Total
Assets ($)
Investments in Securities:†
Equity Securities - Common Stocks
271,990,080
—
—
271,990,080
Corporate Bonds and Notes
—
99,781,658
—
99,781,658
Exchange-Traded Funds
19,076,731
—
—
19,076,731
Foreign Governmental
—
71,788,781
—
71,788,781
U.S. Treasury Securities
—
227,643,389
—
227,643,389
Investment Companies
97,066,397
—
—
97,066,397
 
388,133,208
399,213,828
—
787,347,036
Other Financial Instruments:
Options Purchased
1,179,739
—
—
1,179,739
Futures††
1,081,405
—
—
1,081,405
Forward Foreign Currency Exchange Contracts††
—
3,482,580
—
3,482,580
Swap Agreements††
—
611,703
—
611,703
 
2,261,144
4,094,283
—
6,355,427
Liabilities ($)
Other Financial Instruments:
21
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (continued)
 
Level 1 -
Unadjusted
Quoted Prices
Level 2- Other
Significant
Observable Inputs
Level 3-
Significant
Unobservable
Inputs
Total
Liabilities ($) (continued)
Options Written
(3,945,942)
—
—
(3,945,942)
Futures††
(1,563,393)
—
—
(1,563,393)
Forward Foreign Currency Exchange Contracts††
—
(7,395,754)
—
(7,395,754)
Swap Agreements††
—
(19,574,967)
—
(19,574,967)
 
(5,509,335)
(26,970,721)
—
(32,480,056)
 
†
See Consolidated Statement of Investments for additional detailed categorizations, if any.
††
Amount shown represents unrealized appreciation (depreciation) at period end, but only variation margin on exchange-traded and centrally cleared derivatives,
if any, are reported in the Consolidated Statement of Assets and Liabilities.
(b) Foreign currency transactions: The fund does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in the market prices of securities held. Such fluctuations are included with the net realized and unrealized gain or loss on investments.
Net realized foreign exchange gains or losses arise from sales of foreign currencies, currency gains or losses realized on securities transactions between trade and settlement date, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded on the fund’s books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in the value of assets and liabilities other than investments resulting from changes in exchange rates. Foreign currency gains and losses on foreign currency transactions are also included with net realized and unrealized gain or loss on investments.
Foreign taxes: The fund may be subject to foreign taxes (a portion of which may be reclaimable) on income, stock dividends, realized and unrealized capital gains on investments or certain foreign currency transactions. Foreign taxes are recorded in accordance with the applicable foreign tax regulations and rates that exist in the foreign jurisdictions in which the fund invests. These foreign taxes, if any, are paid by the fund and are reflected in the Consolidated Statement of Operations, if applicable. Foreign taxes payable or deferred or those subject to reclaims as of April 30, 2025, if any, are disclosed in the fund’s Consolidated Statement of Assets and Liabilities.
(c) Securities transactions and investment income: Securities transactions are recorded on a trade date basis. Realized gains and losses from securities transactions are recorded on the identified cost basis. Dividend income is recognized on the ex-dividend date and interest income, including, where applicable, accretion of discount and amortization of premium on investments, is recognized on the accrual basis.
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. Any non-cash collateral received cannot be sold or re-pledged by the fund, except in the event of borrower default, and is not reflected in the Consolidated Statement of Assets and Liabilities. The securities on loan, if any, are also disclosed in the fund’s Consolidated 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. During the period ended April 30, 2025, BNY earned $1,496 from the lending of the fund’s portfolio securities, pursuant to the securities lending agreement.
For financial reporting purposes, the fund elects not to offset assets and liabilities subject to a securities lending agreement, if any, in the Consolidated Statement of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Consolidated Statement of Assets and Liabilities. As of April 30, 2025, the fund had securities lending and the impact of netting of assets and liabilities
22
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (continued)
and the offsetting of collateral pledged or received, if any, based on contractual netting/set-off provisions in the securities lending agreement are detailed in the following table: 
 
Assets ($)
Liabilities ($)
Gross amount of securities loaned, at
value, as disclosed in the Consolidated
Statement of Assets and Liabilities
86,950,651
-
Collateral (received)/posted not offset
in the Consolidated Statement of
Assets and Liabilities
(86,950,651
)†
-
Net amount
-
-
 
†
The value of the related collateral received by the fund exceeded the value of the securities loaned by the fund pursuant to the securities lending agreement. In addition,
the value of collateral may include pending sales that are also on loan. See Consolidated Statement of Investments for detailed information regarding collateral
received for open securities lending.
(d) Affiliated issuers: Investments in other investment companies advised by the Adviser are considered “affiliated” under the Act.
(e) Market Risk: The value of the securities in which the fund invests may be affected by political, regulatory, economic and social developments, and developments that impact specific economic sectors, industries or segments of the market. In addition, turbulence in financial markets and reduced liquidity in equity, credit and/or fixed-income markets may negatively affect many issuers, which could adversely affect the fund. Global economies and financial markets are becoming increasingly interconnected, and conditions and events in one country, region or financial market may adversely impact issuers in a different country, region or financial market. These risks may be magnified if certain events or developments adversely interrupt the global supply chain; in these and other circumstances, such risks might affect companies world-wide.
Interest Rate Risk: Prices of bonds and other fixed rate fixed-income securities tend to move inversely with changes in interest rates. Typically, a rise in rates will adversely affect fixed-income securities and, accordingly, will cause the value of the fund’s investments in these securities to decline. A wide variety of market factors can cause interest rates to rise, including central bank monetary policy, rising inflation and changes in general economic conditions. It is difficult to predict the pace at which central banks or monetary authorities may increase (or decrease) interest rates or the timing, frequency, or magnitude of such changes. During periods of very low interest rates, which occur from time to time due to market forces or actions of governments and/or their central banks, including the Board of Governors of the Federal Reserve System in the U.S., the fund may be subject to a greater risk of principal decline from rising interest rates. When interest rates fall, the fund’s investments in new securities may be at lower yields and may reduce the fund’s income. Changing interest rates may have unpredictable effects on markets, may result in heightened market volatility and may detract from fund performance. The magnitude of these fluctuations in the market price of fixed-income securities is generally greater for securities with longer effective maturities and durations because such instruments do not mature, reset interest rates or become callable for longer periods of time. Unlike investment grade bonds, however, the prices of high yield (“junk”) bonds may fluctuate unpredictably and not necessarily inversely with changes in interest rates. Interest rate changes may have different effects on the values of mortgage-related securities because of prepayment and extension risks.
Foreign Investment Risk: To the extent the fund invests in foreign securities, the fund’s performance will be influenced by political, social and economic factors affecting investments in foreign issuers. Special risks associated with investments in foreign issuers include exposure to currency fluctuations, less liquidity, less developed or less efficient trading markets, lack of comprehensive company information, political and economic instability and differing auditing and legal standards.
Subsidiary Risk:To the extent the fund invests in the subsidiary, the fund will be indirectly exposed to the risks associated with the subsidiary’s investments. The subsidiary principally invests in commodity-related instruments, including futures and options contracts, swap agreements and pooled investment vehicles that invest in commodities, and the fund’s investment in the subsidiary is subject to the same risks that apply to similar investments if held directly by the fund. Changes in applicable laws governing the subsidiary could prevent the fund or the subsidiary from operating as described in the offering documents and could negatively affect the fund and its shareholders. There also may be federal income tax risks associated with the fund’s investment in the subsidiary.
Derivatives Risk: A small investment in derivatives could have a potentially large impact on the fund’s performance. The use of derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in the underlying assets, and the fund’s use of derivatives may result in losses to the fund. Derivatives in which the fund may invest can be highly volatile, illiquid and
23
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (continued)
difficult to value, and there is the risk that changes in the value of a derivative held by the fund will not correlate with the underlying assets or the fund’s other investments in the manner intended.
Fixed-Income Market Risk: The market value of a fixed-income security may decline due to general market conditions that are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The fixed-income securities market can be susceptible to increases in volatility and decreases in liquidity. Liquidity can decline unpredictably in response to overall economic conditions or credit tightening. Increases in volatility and decreases in liquidity may be caused by a rise in interest rates (or the expectation of a rise in interest rates). An unexpected increase in fund redemption requests, including requests from shareholders who may own a significant percentage of the fund’s shares, which may be triggered by market turmoil or an increase in interest rates, could cause the fund to sell its holdings at a loss or at undesirable prices and adversely affect the fund’s share price and increase the fund’s liquidity risk, fund expenses and/or taxable distributions. Federal Reserve policy in response to market conditions, including with respect to interest rates, may adversely affect the value, volatility and liquidity of dividend and interest paying securities. Policy and legislative changes worldwide are affecting many aspects of financial regulation. The impact of these changes on the markets and the practical implications for market participants may not be fully known for some time.
(f) Dividends and distributions to shareholders: Dividends and distributions are recorded on the ex-dividend date. Dividends from net investment income and dividends from net realized capital gains, if any, are normally declared and paid annually, but the fund may make distributions on a more frequent basis to comply with the distribution requirements of the Internal Revenue Code of 1986, as amended (the “Code”). To the extent that net realized capital gains can be offset by capital loss carryovers, it is the policy of the fund not to distribute such gains. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.
(g) Federal income taxes: It is the policy of the fund to continue to qualify as a regulated investment company, if such qualification is in the best interests of its shareholders, by complying with the applicable provisions of the Code, and to make distributions of taxable income and net realized capital gain sufficient to relieve it from substantially all federal income and excise taxes. 
The Subsidiary is classified as a controlled foreign corporation under Subchapter N of the Code. Therefore, the fund is required to increase its taxable income by its share of the Subsidiary’s income. Net investment losses of the Subsidiary cannot be deducted by the fund in the current period nor carried forward to offset taxable income in future periods.
As of and during the period ended April 30, 2025, the fund did not have any liabilities for any uncertain tax positions. The fund recognizes interest and penalties, if any, related to uncertain tax positions as income tax expense in the Consolidated Statement of Operations. During the period ended April 30, 2025, the fund did not incur any interest or penalties.
Each tax year in the three-year period ended October 31, 2024 remains subject to examination by the Internal Revenue Service and state taxing authorities.
The fund is permitted to carry forward capital losses for an unlimited period. Furthermore, capital loss carryovers retain their character as either short-term or long-term capital losses.
The fund has an unused capital loss carryover of $87,154,896 available for federal income tax purposes to be applied against future net realized capital gains, if any, realized subsequent to October 31, 2024. The fund has $87,154,896 of short-term capital losses which can be carried forward for an unlimited period.
The tax character of distributions paid to shareholders during the fiscal year ended October 31, 2024 was as follows: ordinary income $2,660,337. The tax character of current year distributions will be determined at the end of the current fiscal year.
(h) Operating segment reporting: In this reporting period, the fund adopted FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures (“ASU 2023-07”). Adoption of the new standard impacted financial statement disclosures only and did not affect the fund’s financial position or the results of its operations. The ASU 2023-07 is effective for public entities for fiscal years beginning after December 15, 2023, and requires retrospective application for all prior periods presented within the consolidated financial statements.
Since its commencement, the fund operates and is managed as a single reportable segment deriving returns in the form of dividends, interest and/or gains from the investments made in pursuit of its single stated investment objective as outlined in the fund’s prospectus. The accounting policies of the fund are consistent with those described in these Notes to Consolidated Financial Statements. The chief operating decision maker (“CODM”) is represented by BNY Investments, the management of the Adviser, comprising Senior Management and Directors. The CODM considers net increase in net assets resulting from operations in deciding whether to purchase addi
24
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (continued)
tional investments or to make distributions to fund shareholders. Detailed financial information for the fund is disclosed within these consolidated financial statements with total assets and liabilities disclosed on the Consolidated Statement of Assets and Liabilities, investments held on the Consolidated Statement of Investments, results of operations and significant segment expenses on the Consolidated Statement of Operations and other information about the fund’s performance, including total return, portfolio turnover and ratios within the Consolidated Financial Highlights.
NOTE 2—
Bank Lines of Credit:
The fund participates with other long-term open-end funds managed by the Adviser in a $738 million unsecured credit facility led by Citibank, N.A. (the “Citibank Credit Facility”) and a $300 million unsecured credit facility provided by BNY (the “BNY Credit Facility”), each to be utilized primarily for temporary or emergency purposes, including the financing of redemptions (each, a “Facility”). The Citibank Credit Facility is available in two tranches: (i) Tranche A is in an amount equal to $618 million and is available to all long-term open-ended funds, including the fund, and (ii) Tranche B is an amount equal to $120 million and is available only to BNY Mellon Floating Rate Income Fund, a series of BNY Mellon Investment Funds IV, Inc. In connection therewith, the fund has agreed to pay its pro rata portion of commitment fees for Tranche A of the Citibank Credit Facility and the BNY Credit Facility. Interest is charged to the fund based on rates determined pursuant to the terms of the respective Facility at the time of borrowing. During the period ended April 30, 2025, the fund did not borrow under either Facility.
NOTE 3—
Management Fee, Sub-Advisory Fee and Other Transactions with Affiliates:
(a) The Adviser has entered into separate management agreements with the fund and the Subsidiary pursuant to which the Adviser receives a management fee computed at the annual rate of .75% of the value of the average daily net assets of each of the fund and the Subsidiary which is payable monthly. The Adviser has contractually agreed for so long as the fund invests in the Subsidiary, to waive the management fee it receives from the fund in an amount equal to the management fee paid to the Adviser by the Subsidiary. The reduction in expenses, pursuant to the undertaking, amounted to $173,600 during the period ended April 30, 2025.
In addition, the Adviser has contractually agreed, from November 1, 2024 through February 28, 2026, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of the fund’s share classes (excluding Rule 12b-1 Distribution Plan fees, Shareholder Services Plan fees, taxes, interest expense, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed .90% of the value of the fund’s average daily net assets. On or after February 28, 2026, the Adviser may terminate this expense limitation agreement at any time. Because “acquired fund fees and expenses” are incurred indirectly by the fund, as a result of its investments in underlying funds, such fees and expenses are not included in the expense limitation. The reduction in expenses, pursuant to the undertaking, amounted to $75,418 during the period ended April 30, 2025.
Pursuant to a sub-investment advisory agreement between the Adviser and the Sub-Adviser, the Adviser pays the Sub-Adviser a monthly fee at an annual rate of .36% of the value of the fund’s average daily net assets.
During the period ended April 30, 2025, the Distributor retained $478 from commissions earned on sales of the fund’s Class A shares and $259 from CDSC fees on redemptions of the fund’s Class C shares.
(b) Under the Distribution Plan adopted pursuant to Rule 12b-1 under the Act, Class C shares pay the Distributor for distributing its shares at an annual rate of .75% of the value of its average daily net assets. The Distributor may pay one or more Service Agents in respect of advertising, marketing and other distribution services, and determines the amounts, if any, to be paid to Service Agents and the basis on which such payments are made. During the period ended April 30, 2025, Class C shares were charged $49,636 pursuant to the Distribution Plan.
(c) Under the Shareholder Services Plan, Class A and Class C shares pay the Distributor at an annual rate of .25% of the value of their average daily net assets for the provision of certain services. The services provided may include personal services relating to shareholder accounts, such as answering shareholder inquiries regarding the fund, and services related to the maintenance of shareholder accounts. The Distributor may make payments to Service Agents (securities dealers, financial institutions or other industry professionals) with respect to these services. The Distributor determines the amounts to be paid to Service Agents. During the period ended April 30, 2025, Class A and Class C shares were charged $37,128 and $16,546, respectively, pursuant to the Shareholder Services Plan.
The fund has an arrangement with BNY Mellon Transfer, Inc., (the “Transfer Agent”), a subsidiary of BNY and an affiliate of the Adviser, whereby the fund may receive earnings credits when positive cash balances are maintained, which are used to offset Transfer Agent fees. For financial reporting purposes, the fund includes transfer agent net earnings credits, if any, as an expense offset in the Consolidated  Statement of Operations.
25
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (continued)
The fund has an arrangement with The Bank of New York Mellon (the “Custodian”), a subsidiary of BNY and an affiliate of the Adviser, whereby the fund will receive interest income or be charged overdraft fees when cash balances are maintained. For financial reporting purposes, the fund includes this interest income and overdraft fees, if any, as interest income in the Consolidated Statement of Operations.
The fund compensates the Transfer Agent, under a transfer agency agreement, for providing transfer agency and cash management services for the fund. The majority of  Transfer Agent fees are comprised of amounts paid on a per account basis, while cash management fees are related to fund subscriptions and redemptions. During the period ended April 30, 2025, the fund was charged $4,096 for transfer agency services. These fees are included in Shareholder servicing costs in the Consolidated Statement of Operations. These fees were partially offset by earnings credits of $350.
The fund compensates the Custodian, under a custody agreement, for providing custodial services for the fund. These fees are determined based on net assets, geographic region and transaction activity. During the period ended April 30, 2025, the fund was charged $42,515 pursuant to the custody agreement.
During the period ended April 30, 2025, the fund was charged $16,037 for services performed by the fund’s Chief Compliance Officer and his staff. These fees are included in Chief Compliance Officer fees in the Consolidated Statement of Operations.
The components of “Due to BNY Mellon Investment Adviser, Inc. and affiliates” in the Consolidated Statement of Assets and Liabilities consist of: Management fee of $530,303, Subsidiary management fee of $29,866, Distribution Plan fees of $7,489, Shareholder Services Plan fees of $8,245, Custodian fees of $63,643, Chief Compliance Officer fees of $2,090 and Transfer Agent fees of $1,637, which are offset against an expense reimbursement currently in effect in the amount of $23,712.
(d) Each board member of the fund also serves as a board member of other funds in the BNY Mellon Family of Funds complex. Annual retainer fees and attendance fees are allocated to each fund based on net assets.
NOTE 4—
Securities Transactions:
The aggregate amount of purchases and sales of investment securities, excluding short-term securities and derivatives, during the period ended April 30, 2025, amounted to $449,459,438 and $659,793,821, respectively.
Derivatives: A derivative is a financial instrument whose performance is derived from the performance of another asset. The fund enters into International Swaps and Derivatives Association, Inc. Master Agreements or similar agreements (collectively, “Master Agreements”) with its over-the counter (“OTC”) derivative contract counterparties in order to, among other things, reduce its credit risk to counterparties. Master Agreements include provisions for general obligations, representations, collateral and events of default or termination. Under a Master Agreement, the fund may offset with the counterparty certain derivative financial instruments’ payables and/or receivables with collateral held and/or posted and create one single net payment in the event of default or termination. Rule 18f-4 under the Act regulates the use of derivatives transactions for certain funds registered under the Act. The fund’s derivative transactions are subject to a value-at-risk leverage limit and certain reporting and other requirements pursuant to a derivatives risk management program adopted by the fund.
Each type of derivative instrument that was held by the fund during the period ended April 30, 2025 is discussed below.
Futures: In the normal course of pursuing its investment objective, the fund is exposed to market risk, including equity risk and interest risk, as a result of changes in value of underlying financial instruments. The fund invests in futures in order to manage its exposure to or protect against changes in the market. A futures contract represents a commitment for the future purchase or a sale of an asset at a specified date. Upon entering into such contracts, these investments require initial margin deposits with a counterparty, which consist of cash or cash equivalents. The amount of these deposits is determined by the exchange or Board of  Trade on which the contract is traded and is subject to change. Accordingly, variation margin payments are received or made to reflect daily unrealized gains or losses which are recorded in the Consolidated Statement of Operations. When the contracts are closed, the fund recognizes a realized gain or loss which is reflected in the Consolidated Statement of Operations. There is minimal counterparty credit risk to the fund with futures since they are exchange traded, and the exchange guarantees the futures against default. Futures open at April 30, 2025 are set forth in the Consolidated Statement of Investments.
Options Transactions: The fund purchases and writes (sells) put and call options to hedge against changes in the values of equities risk and interest rate risk or as a substitute for an investment. The fund is subject to market risk, and interest rate risk in the course of pursuing its investment objectives through its investments in options contracts. A call option gives the purchaser of the option the right (but not the obligation) to buy, and obligates the writer to sell, the underlying financial instrument at the exercise price at any time
26
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (continued)
during the option period, or at a specified date. Conversely, a put option gives the purchaser of the option the right (but not the obligation) to sell, and obligates the writer to buy the underlying financial instrument at the exercise price at any time during the option period, or at a specified date.
As a writer of call options, the fund receives a premium at the outset and then bears the market risk of unfavorable changes in the price of the financial instrument underlying the option. Generally, the fund realizes a gain, to the extent of the premium, if the price of the underlying financial instrument decreases between the date the option is written and the date on which the option is terminated. Generally, the fund incurs a loss if the price of the financial instrument increases between those dates. The maximum payout for those contracts is limited to the number of call option contracts written and the related strike prices, respectively.
As a writer of put options, the fund receives a premium at the outset and then bears the market risk of unfavorable changes in the price of the financial instrument underlying the option. Generally, the fund realizes a gain, to the extent of the premium, if the price of the underlying financial instrument increases between the date the option is written and the date on which the option is terminated. Generally, the fund incurs a loss if the price of the financial instrument decreases between those dates. The maximum payout for those contracts is limited to the number of put option contracts written and the related strike prices, respectively.
As a writer of an option, the fund has no control over whether the underlying financial instrument may be sold (call) or purchased (put) and as a result bears the market risk of an unfavorable change in the price of the financial instrument underlying the written option. There is a risk of loss from a change in value of such options which may exceed the related premiums received. 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. The Consolidated Statement of Operations reflects any unrealized gains or losses which occurred during the period as well as any realized gains or losses which occurred upon the expiration or closing of the option transaction. Options purchased and written open at April 30, 2025 are set forth in the Consolidated Statement of Investments.
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 Consolidated 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. Forward contracts open at April 30, 2025 are set forth in the Consolidated Statement of Investments.
Swap Agreements: The fund enters into swap agreements to exchange the interest rate on, or return generated by, one nominal instrument for the return generated by another nominal instrument. Swap agreements are privately negotiated in the OTC market or centrally cleared. The fund enters into these agreements to hedge certain market or interest rate risks, to manage the interest rate sensitivity (sometimes called duration) of fixed income securities, to provide a substitute for purchasing or selling particular securities or to increase potential returns.
For OTC swaps, the fund accrues for interim payments on a daily basis, with the net amount recorded within unrealized appreciation (depreciation) on swap agreements in the Consolidated Statement of Assets and Liabilities. Once the interim payments are settled in cash, the net amount is recorded as a realized gain (loss) on swaps, in addition to realized gain (loss) recorded upon the termination of swap agreements in the Consolidated Statement of Operations. Upfront payments made and/or received by the fund, are recorded as an asset and/or liability in the Consolidated Statement of Assets and Liabilities and are recorded as a realized gain or loss ratably over the agreement’s term/event with the exception of forward starting interest rate swaps which are recorded as realized gains or losses on the termination date.
Fluctuations in the value of swap agreements are recorded for financial statement purposes as unrealized appreciation or depreciation on swap agreements.
Total Return Swaps: Total return swaps involve commitments to pay interest in exchange for a market-linked return based on a notional principal amount. To the extent the total return of the security or index underlying the transaction exceeds or falls short of the
27
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (continued)
specific reference entity, the fund either receives a payment from or makes a payment to the counterparty, respectively. Total return swaps are subject to general market risk, liquidity risk, counterparty risk and credit risk. This risk is mitigated by Master Agreements 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. The underlying reference asset could be a security, an index, or basket of investments. Total return swaps open at April 30, 2025 are set forth in the Consolidated Statement of Investments.
The following tables show the fund’s exposure to different types of market risk as it relates to the Consolidated Statement of Assets and Liabilities and the Consolidated Statement of Operations, respectively.
Fair value of derivative instruments as of April 30, 2025 is shown below: 
 
Derivative
Assets ($)
 
Derivative
Liabilities ($)
Interest Rate Risk
1,081,405
(1)
Interest Rate Risk
(193,236
)(1)
Equity Risk
1,791,442
(2),(3)
Equity Risk
(24,891,066
)(1),(3),(4)
Foreign Exchange Risk
3,482,580
(5)
Foreign Exchange Risk
(7,395,754
)(5)
Gross fair value of derivative contracts
6,355,427
 
(32,480,056
)
 
Consolidated Statement of Assets and Liabilities location:
(1)
Includes cumulative appreciation (depreciation) on futures as reported in the Consolidated Statement of Investments, but only the unpaid variation margin is
reported in the Consolidated Statement of Assets and Liabilities.
(2)
Options purchased are included in Investments in securities—Unaffiliated issuers, at value.
(3)
Unrealized appreciation (depreciation) on swap agreements.
(4)
Outstanding options written, at value.
(5)
Unrealized appreciation (depreciation) on forward foreign currency exchange contracts.
The effect of derivative instruments in the Consolidated Statement of Operations during the period ended April 30, 2025 is shown below: 
Amount of realized gain (loss) on derivatives recognized in income ($)
Underlying risk
Futures(1)
Options
Transactions(2)
Forward
Contracts(3)
Swap
Agreements(4)
Total
Interest Rate
(6,995,278)
2,421,700
-
-
(4,573,578)
Equity
2,839,469
(6,456,373)
-
5,728,353
2,111,449
Foreign
Exchange
-
-
2,809,414
-
2,809,414
Total
(4,155,809)
(4,034,673)
2,809,414
5,728,353
347,285
 
Net change in unrealized appreciation (depreciation) on derivatives recognized in income ($)
Underlying risk
Futures(5)
Options
Transactions(6)
Forward
Contracts(7)
Swap
Agreements(8)
Total
Interest Rate
3,100,003
250,345
-
-
3,350,348
Equity
1,311,658
3,797,681
-
(27,203,277)
(22,093,938)
Foreign
Exchange
-
-
(8,312,676)
-
(8,312,676)
Total
4,411,661
4,048,026
(8,312,676)
(27,203,277)
(27,056,266)
 
Consolidated Statement of Operations location:
(1)
Net realized gain (loss) on futures.
(2)
Net realized gain (loss) on options transactions.
(3)
Net realized gain (loss) on forward foreign currency exchange contracts.
28
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (continued)
(4)
Net realized gain (loss) on swap agreements.
(5)
Net change in unrealized appreciation (depreciation) on futures.
(6)
Net change in unrealized appreciation (depreciation) on options transactions.
(7)
Net change in unrealized appreciation (depreciation) on forward foreign currency exchange contracts.
(8)
Net change in unrealized appreciation (depreciation) on swap agreements.
The provisions of ASC Topic 210 “Disclosures about Offsetting Assets and Liabilities” require disclosure on the offsetting of financial assets and liabilities. These disclosures are required for certain investments, including derivative financial instruments subject to Master Agreements which are eligible for offsetting in the Consolidated Statement of Assets and Liabilities and require the fund to disclose both gross and net information with respect to such investments. For financial reporting purposes, the fund does not offset derivative assets and derivative liabilities that are subject to Master Agreements in the Consolidated Statement of Assets and Liabilities.
At April 30, 2025, derivative assets and liabilities (by type) on a gross basis are as follows: 
Derivative Financial Instruments:
Assets ($)
Liabilities ($)
Futures
1,081,405
(1,563,393
)
Options
1,179,739
(3,945,942
)
Forward contracts
3,482,580
(7,395,754
)
Swap agreements
611,703
(19,574,967
)
Total gross amount of derivative assets
and liabilities in the Consolidated
Statement of Assets and Liabilities
6,355,427
(32,480,056
)
Derivatives not subject to Master
Agreements
(2,261,144
)
5,509,335
Total gross amount of assets and
liabilities subject to Master
Agreements
4,094,283
(26,970,721
)
The following tables present derivative assets and liabilities net of amounts available for offsetting under Master Agreements and net of related collateral received or pledged, if any, as of April 30, 2025: 
Counterparty
Gross Amount
of Assets ($)(1)
Financial
Instruments
and Derivatives
Available
for Offset ($)
Collateral
Received ($)(2)
Net Amount
of Assets ($)
Barclays Capital, Inc.
7,208
(7,208
)
-
-
Citigroup Global Markets, Inc.
51,578
(51,578
)
-
-
Goldman Sachs & Co. LLC
611,703
(611,703
)
-
-
J.P. Morgan Securities LLC
105,659
(49,444
)
(56,215
)
-
RBS Securities, Inc.
569,170
(569,170
)
-
-
State Street Bank and Trust Company
2,748,965
(2,748,965
)
-
-
Total
4,094,283
(4,038,068
)
(56,215
)
-
 
Counterparty
Gross Amount
of Liabilities($)
Financial
Instruments
and Derivatives
Available
for Offset ($)
Collateral
Pledged ($)
Net Amount
of Liabilities ($)
Barclays Capital, Inc.
(10,949,198
)
7,208
10,300,000
(641,990
)
CIBC World Markets Corp.
(55,515
)
-
-
(55,515
)
29
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (continued)
Counterparty
Gross Amount
of Liabilities($)
Financial
Instruments
and Derivatives
Available
for Offset ($)
Collateral
Pledged ($)
Net Amount
of Liabilities ($)
Citigroup Global Markets, Inc.
(2,355,785
)
51,578
2,304,207
-
Goldman Sachs & Co. LLC
(6,343,883
)
611,703
5,710,000
(22,180
)
J.P. Morgan Securities LLC
(49,444
)
49,444
-
-
RBS Securities, Inc.
(859,076
)
569,170
289,906
-
State Street Bank and Trust Company
(5,920,882
)
2,748,965
3,171,917
-
UBS Securities LLC
(436,938
)
-
436,938
-
Total
(26,970,721
)
4,038,068
22,212,968
(719,685
)
 
(1)
Absent a default event or early termination, OTC derivative assets and liabilities are presented at gross amounts and are not offset in the Consolidated Statement  of
Assets and Liabilities.
(2)
In some instances, the actual collateral received and/or pledged may be more than the amount shown due to over collateralization.
The following table summarizes the monthly average market value of derivatives outstanding during the period ended April 30, 2025: 
 
Average Market Value ($)
Futures:
Equity Futures Long
94,794,915
Equity Futures Short
11,172,423
Interest Rate Futures Long
63,032,795
Options Contracts:
Equity Purchased Options
4,730,686
Equity Written Options
3,466,742
Interest Rate Written Options
392,763
Forward Contracts:
Forward Contracts Purchased in USD
146,342,119
Forward Contracts Sold in USD
419,694,636
The following table summarizes the monthly average notional value of swap agreements outstanding during the period ended April 30, 2025: 
 
Average Notional Value ($)
Swap Agreements:
Equity Total Return Swaps Pays Fixed Rate
316,675,412
At April 30, 2025, accumulated net unrealized appreciation on investments inclusive of derivative contracts was $25,025,935, consisting of $83,817,474 gross unrealized appreciation and $58,791,539 gross unrealized depreciation.
At April 30, 2025, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Consolidated Statement of Investments).
30
Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies (Unaudited)
N/A
31
Item 9. Proxy Disclosures for Open-End Management Investment Companies (Unaudited)
N/A
32
Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies (Unaudited)
Each board member also serves as a board member of other funds in the BNY Mellon Family of Funds complex, and annual retainer fees and meeting attendance fees are allocated to each fund based on net assets. The fund is charged for services performed by the fund’s Chief Compliance Officer. Compensation paid by the fund during the period to the board members and the Chief Compliance Officer are within Item 7. Consolidated Statement of Operations as Directors’ fees and expenses and Chief Compliance Officer fees, respectively. The aggregate amount of Directors’ fees and expenses and Chief Compliance Officer fees paid by the fund during the period was $63,796.
33
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contracts (Unaudited)
At a meeting of the fund’s Board of Directors (the “Board”) held on March 4-5, 2025, the Board considered the renewal of the fund’s Management Agreement, pursuant to which the Adviser provides the fund with investment advisory and administrative services, the Sub-Investment Advisory Agreement, pursuant to which Newton Investment Management Limited (the “Sub-Adviser” or “NIM”) provides day-to-day management of the fund’s investments, and the Sub-Sub-Investment Advisory Agreement (collectively with the Management Agreement and Sub-Investment Advisory Agreement, the “Agreements”) between NIM and Newton Investment Management North America, LLC (“NIMNA”), pursuant to which NIM may use the investment advisory personnel, resources and capabilities available at its sister company, NIMNA, in providing the day-to-day management of the fund’s investments. The fund also may gain investment exposure to global commodity markets through investments in a wholly-owned and controlled subsidiary of the fund (the “Subsidiary”) that principally invests directly in commodity-related instruments, including futures and options contracts, swap agreements and pooled investment vehicles that invest in commodities. The Subsidiary has the same investment objective, investment adviser and sub-adviser as the fund, although the Subsidiary’s agreements with the Adviser and the Sub-Adviser are not subject to approval by the Board. The Board members, none of whom are “interested persons” (as defined in the Investment Company Act of 1940, as amended) of the fund, were assisted in their review by independent legal counsel and met with counsel in executive session separate from representatives of the Adviser and the Sub-Adviser. In considering the renewal of the Agreements, the Board considered several factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Board member may have attributed different weights to the factors considered.
Analysis of Nature, Extent, and Quality of Services Provided to the Fund. The Board considered information provided to it at the meeting and in previous presentations from representatives of the Adviser regarding the nature, extent, and quality of the services provided to funds in the BNY fund complex, including the fund. The Adviser provided the number of open accounts in the fund, the fund’s asset size and the allocation of fund assets among distribution channels. The Adviser also had previously provided information regarding the diverse intermediary relationships and distribution channels of funds in the BNY fund complex (such as retail direct or intermediary, in which intermediaries typically are paid by the fund and/or the Adviser) and the Adviser’s corresponding need for broad, deep, and diverse resources to be able to provide ongoing shareholder services to each intermediary or distribution channel, as applicable to the fund.
The Board also considered research support available to, and portfolio management capabilities of, the fund’s portfolio management personnel and that the Adviser also provides oversight of day-to-day fund operations, including fund accounting and administration and assistance in meeting legal and regulatory requirements. The Board also considered the Adviser’s extensive administrative, accounting and compliance infrastructures, as well as the Adviser’s supervisory activities over the Sub-Adviser. The Board also considered portfolio management’s brokerage policies and practices (including policies and practices regarding soft dollars) and the standards applied in seeking best execution.
Comparative Analysis of the Fund’s Performance and Management Fee and Expense Ratio. The Board reviewed reports prepared by Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data based on classifications provided by Thomson Reuters Lipper (“Lipper”), which included information comparing (1) the performance of the fund’s Class I shares with the performance of a group of institutional absolute-return funds selected by Broadridge as comparable to the fund (the “Performance Group”) and with a broader group of funds consisting of all retail and institutional absolute-return funds (the “Performance Universe”), all for various periods ended December 31, 2024, and (2) the fund’s actual and contractual management fees and total expenses with those of the same group of funds in the Performance Group (the “Expense Group”) and with a broader group of funds consisting of all institutional absolute-return funds, excluding outliers (the “Expense Universe”), the information for which was derived in part from fund financial statements available to Broadridge as of the date of its analysis. The Adviser previously had furnished the Board with a description of the methodology Broadridge used to select the Performance Group and Performance Universe and the Expense Group and Expense Universe.
Performance Comparisons. Representatives of the Adviser stated that the usefulness of performance comparisons may be affected by a number of factors, including different investment limitations and policies that may be applicable to the fund and comparison funds and the end date selected. The Board also considered the fund’s performance in light of overall financial market conditions. The Board discussed with representatives of the Adviser and the Sub-Adviser the results of the comparisons and considered that the fund’s total return performance was below the Performance Group median for all periods, except for the ten-year period when the fund’s total return performance was above the Performance Group median, and was above the Performance Universe median for all periods, except for the
34
two-, three-, and four-year periods when the fund’s total return performance was below the Performance Universe median. The Board discussed with representatives of the Adviser and the Sub-Adviser the reasons for the fund’s underperformance versus the Performance Group and Performance Universe during certain periods under review and noted that the portfolio managers are very experienced with a good long-term track record and continued to apply a consistent investment strategy. The Adviser also provided a comparison of the fund’s calendar year total returns to the returns of the fund’s benchmark index.
Management Fee and Expense Ratio Comparisons. The Board reviewed and considered the contractual management fee rate payable by the fund to the Adviser in light of the nature, extent and quality of the management services and the sub-advisory services provided by the Adviser and the Sub-Adviser, respectively. In addition, the Board reviewed and considered the actual management fee rate paid by the fund over the fund’s last fiscal year, which included reductions for an expense limitation arrangement in place that reduced the management fee paid to the Adviser. The Board also reviewed the range of actual and contractual management fees and total expenses as a percentage of average net assets of the Expense Group and Expense Universe funds and discussed the results of the comparisons.
The Board considered that the fund’s contractual management fee was equal to the Expense Group median contractual management fee, the fund’s actual management fee was equal to the Expense Group median and lower than the Expense Universe median actual management fee, and the fund’s total expenses were equal to the Expense Group median and lower than the Expense Universe median total expenses.
Representatives of the Adviser stated that the Adviser has contractually agreed, until February 28, 2026, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of the fund’s share classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest expense, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed .90%. The Adviser also has contractually agreed, for so long as the fund invests in the Subsidiary, to waive receipt of the management fee payable to the Adviser by the Subsidiary.
Representatives of the Adviser reviewed with the Board the management or investment advisory fees paid to the Adviser or the Sub-Adviser for advising any separate accounts and/or other types of client portfolios that are considered to have similar investment strategies and policies as the fund (the “Similar Clients”), and explained the nature of the Similar Clients. They discussed differences in fees paid and the relationship of the fees paid in light of any differences in the services provided and other relevant factors. The Board considered the relevance of the fee information provided for the Similar Clients to evaluate the appropriateness of the fund’s management fee. Representatives of the Adviser noted that there were no other funds advised by the Adviser that are in the same Lipper category as the fund.
The Board considered the fee payable to the Sub-Adviser in relation to the fee payable to the Adviser by the fund and the respective services provided by the Sub-Adviser and the Adviser. The Board also took into consideration that the Sub-Adviser’s fee is paid by the Adviser, out of its fee from the fund, and not the fund.
Analysis of Profitability and Economies of Scale. Representatives of the Adviser reviewed the expenses allocated and profit received by the Adviser and its affiliates and the resulting profitability percentage for managing the fund and the aggregate profitability percentage to the Adviser and its affiliates for managing the funds in the BNY fund complex, and the method used to determine the expenses and profit. The Board concluded that the profitability results were not excessive, given the services rendered and service levels provided by the Adviser and its affiliates. The Board also considered the expense limitation arrangement and its effect on the profitability of the Adviser and its affiliates. The Board also had been provided with information prepared by an independent consulting firm regarding the Adviser’s approach to allocating costs to, and determining the profitability of, individual funds and the entire BNY fund complex. The consulting firm also had analyzed where any economies of scale might emerge in connection with the management of a fund.
The Board considered, on the advice of its counsel, the profitability analysis (1) as part of its evaluation of whether the fees under the Agreements, considered in relation to the mix of services provided by the Adviser and the Sub-Adviser, including the nature, extent and quality of such services, supported the renewal of the Agreements and (2) in light of the relevant circumstances for the fund and the extent to which economies of scale would be realized if the fund grows and whether fee levels reflect these economies of scale for the benefit of fund shareholders. Representatives of the Adviser stated that a discussion of economies of scale is predicated on a fund having achieved a substantial size with increasing assets and that, if a fund’s assets had been stable or decreasing, the possibility that the Adviser may have realized any economies of scale would be less. Representatives of the Adviser also stated that, as a result of shared and allocated
35
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contracts (Unaudited) (continued)
costs among funds in the BNY fund complex, the extent of economies of scale could depend substantially on the level of assets in the complex as a whole, so that increases and decreases in complex-wide assets can affect potential economies of scale in a manner that is disproportionate to, or even in the opposite direction from, changes in the fund’s asset level. The Board also considered potential benefits to the Adviser and the Sub-Adviser from acting as investment adviser and sub-investment adviser, respectively, and took into consideration that there were no soft dollar arrangements in effect for trading the fund’s investments.
At the conclusion of these discussions, the Board agreed that it had been furnished with sufficient information to make an informed business decision with respect to the renewal of the Agreements. Based on the discussions and considerations as described above, the Board concluded and determined as follows.
●The Board concluded that the nature, extent and quality of the services provided by the Adviser and the Sub-Adviser are satisfactory and appropriate.
●The Board generally was satisfied with the fund’s overall performance.
●The Board concluded that the fees paid to the Adviser and the Sub-Adviser continued to be appropriate under the circumstances and in light of the factors and the totality of the services provided as discussed above.
●The Board determined that the economies of scale which may accrue to the Adviser and its affiliates in connection with the management of the fund had been adequately considered by the Adviser in connection with the fee rate charged to the fund pursuant to the Management Agreement and that, to the extent in the future it were determined that material economies of scale had not been shared with the fund, the Board would seek to have those economies of scale shared with the fund.
In evaluating the Agreements, the Board considered these conclusions and determinations and also relied on its previous knowledge, gained through meetings and other interactions with the Adviser and its affiliates and the Sub-Adviser, of the Adviser and the Sub-Adviser and the services provided to the fund by the Adviser and the Sub-Adviser. The Board also relied on information received on a routine and regular basis throughout the year relating to the operations of the fund and the investment management and other services provided under the Agreements, including information on the investment performance of the fund in comparison to similar mutual funds and benchmark performance indices; general market outlook as applicable to the fund; and compliance reports. In addition, the Board’s consideration of the contractual fee arrangements for the fund had the benefit of a number of years of reviews of the Agreements for the fund, or substantially similar agreements for other BNY funds that the Board oversees, during which lengthy discussions took place between the Board and representatives of the Adviser. Certain aspects of the arrangements may receive greater scrutiny in some years than in others, and the Board’s conclusions may be based, in part, on its consideration of the fund’s arrangements, or substantially similar arrangements for other BNY funds that the Board oversees, in prior years. The Board determined to renew the Agreements.
36
© 2025 BNY Mellon Securities Corporation
Code-6278NCSRSA0425 
Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 13. Portfolio Managers for Closed-End Management Investment Companies.

 

Not applicable.

 

Item 14. Purchases of Equity Securities By Closed-End Management Investment Companies and Affiliated Purchasers.

 

Not applicable.

 

Item 15. Submission of Matters to a Vote of Security Holders.

 

There have been no materials changes to the procedures applicable to Item 15.

 

Item 16. Controls and Procedures.

 

(a) The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-CSR is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-CSR is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.
(b) There were no changes to the Registrant's internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.

 

Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

 

Not applicable.

 

Item 18. Recovery of Erroneously Awarded Compensation.

 

Not applicable.

 

Item 19. Exhibits.

 

(a)(1) Not applicable.

 

(a)(2) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.

 

(a)(3) Not applicable.

 

(b) Certification of principal executive and principal financial officers as required by Rule 30a-2(b) under the Investment Company Act of 1940.

 
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

BNY Mellon Advantage Funds, Inc.

By: /s/ David J. DiPetrillo

David J. DiPetrillo

President (Principal Executive Officer)

 

Date: June 26, 2025

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

 

By: /s/ David J. DiPetrillo

David J. DiPetrillo

President (Principal Executive Officer)

 

Date: June 26, 2025

 

 

By: /s/ James Windels

James Windels

Treasurer (Principal Financial Officer)

 

Date: June 26, 2025

 

 

 

 
 

EXHIBIT INDEX

(a)(2) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940. (EX-99.CERT)

(b)       Certification of principal executive and principal financial officers as required by Rule 30a-2(b) under the Investment Company Act of 1940. (EX-99.906CERT)

[EX-99.CERT]—Exhibit (a)(2)

SECTION 302 CERTIFICATION

 

I, David J. DiPetrillo, certify that:

1. I have reviewed this report on Form N-CSR of BNY Mellon Advantage Funds, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

By:       /s/ David J. DiPetrillo

David J. DiPetrillo

President (Principal Executive Officer)

Date:       June 26, 2025

 
 

SECTION 302 CERTIFICATION

I, James Windels, certify that:

1. I have reviewed this report on Form N-CSR of BNY Mellon Advantage Funds, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

By:       /s/ James Windels

James Windels

Treasurer (Principal Financial Officer)

Date:       June 26, 2025

 

[EX-99.906CERT]

Exhibit (b)

 

 

SECTION 906 CERTIFICATIONS

 

In connection with this report on Form N-CSR for the Registrant as furnished to the Securities and Exchange Commission on the date hereof (the "Report"), the undersigned hereby certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

(1)       the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as applicable; and

 

(2)       the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

 

By:       /s/ David J. DiPetrillo

David J. DiPetrillo

President (Principal Executive Officer)

Date:       June 26, 2025

 

By:       /s/ James Windels

James Windels

Treasurer (Principal Financial Officer)

 

Date:       June 26, 2025

 

 

This certificate is furnished pursuant to the requirements of Form N-CSR and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934.

 

 

 

v3.25.2
Form N-CSR Cover
 6 Months Ended
Apr. 30, 2025
Shareholder Report [Line Items]  
Document Type N-CSRS
Amendment Flag false
Registrant Name BNY Mellon Advantage Funds, Inc.
Entity Central Index Key 0000914775
Entity Investment Company Type N-1A
Document Period End Date Apr. 30, 2025

v3.25.2
Shareholder Report
 6 Months Ended
Apr. 30, 2025
USD ($)
Holding
Shareholder Report [Line Items]  
Document Type N-CSRS
Amendment Flag false
Registrant Name BNY Mellon Advantage Funds, Inc.
Entity Central Index Key 0000914775
Entity Investment Company Type N-1A
Document Period End Date Apr. 30, 2025
C000032670 [Member]  
Shareholder Report [Line Items]  
Fund Name BNY Mellon Dynamic Total Return Fund
Class Name Class A
Trading Symbol AVGAX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about BNY Mellon Dynamic Total Return Fund (the “Fund”) for the period of November 1, 2024 to April 30, 2025.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at bny.com/investments/literaturecenter. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.
Material Fund Change Notice [Text Block]
This report describes changes to the Fund that occurred during the reporting period.
Additional Information Phone Number 1-800-373-9387
Additional Information Email info@bny.com
Additional Information Website bny.com/investments/literaturecenter
Expenses [Text Block]
What were the Fund’s costs for the last six months ?
(based on a hypothetical $10,000 investment)
Share Class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
Class A* $66 1.33%**
*
During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.
**
Annualized.
Expenses Paid, Amount $ 66 [1]
Expense Ratio, Percent 1.33% [1],[2]
Material Change Date Mar. 01, 2025
Net Assets $ 78,000,000
Holdings Count | Holding 319
Investment Company Portfolio Turnover 0.00%
Additional Fund Statistics [Text Block]
KEY FUND STATISTICS (AS OF 4/30/25 )

Fund Size (Millions)
Number of Holdings
Portfolio Turnover
$78 319 0.00%
Holdings [Text Block]
Portfolio Holdings (as of 4/30/25 )
Allocation of Holdings (Based on Total Net Exposure)
Graphical Representation - Top N Holdings Chart
* Amount represents less than .01%.
Material Fund Change [Text Block]
How has the Fund changed?
  • Effective March 1, 2025, BNY Mellon Investment Adviser, Inc. did not extend the management fee waiver of .10% of the value of the Fund’s average daily net assets.
This is a summary of certain changes to the Fund since November 1, 2024 . For more complete information, you may review the Fund’s current prospectus dated February 28, 2025 at bny.com/investments/literaturecenter  or upon request at 1-800-373-9387.
Material Fund Change Expenses [Text Block]
Effective March 1, 2025, BNY Mellon Investment Adviser, Inc. did not extend the management fee waiver of .10% of the value of the Fund’s average daily net assets.
Summary of Change Legend [Text Block]
This is a summary of certain changes to the Fund since November 1, 2024 . For more complete information, you may review the Fund’s current prospectus dated February 28, 2025 at bny.com/investments/literaturecenter  or upon request at 1-800-373-9387.
Updated Prospectus Phone Number 1-800-373-9387
Updated Prospectus Web Address bny.com/investments/literaturecenter
C000032716 [Member]  
Shareholder Report [Line Items]  
Fund Name BNY Mellon Dynamic Total Return Fund
Class Name Class C
Trading Symbol AVGCX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about BNY Mellon Dynamic Total Return Fund (the “Fund”) for the period of November 1, 2024 to April 30, 2025.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at bny.com/investments/literaturecenter. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.
Material Fund Change Notice [Text Block]
This report describes changes to the Fund that occurred during the reporting period.
Additional Information Phone Number 1-800-373-9387
Additional Information Email info@bny.com
Additional Information Website bny.com/investments/literaturecenter
Expenses [Text Block]
What were the Fund’s costs for the last six months ?
(based on a hypothetical $10,000 investment)
Share Class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
Class C* $102 2.08%**
*
During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.
**
Annualized.
Expenses Paid, Amount $ 102 [3]
Expense Ratio, Percent 2.08% [3],[4]
Material Change Date Mar. 01, 2025
Net Assets $ 78,000,000
Holdings Count | Holding 319
Investment Company Portfolio Turnover 0.00%
Additional Fund Statistics [Text Block]
KEY FUND STATISTICS (AS OF 4/30/25 )

Fund Size (Millions)
Number of Holdings
Portfolio Turnover
$78 319 0.00%
Holdings [Text Block]
Portfolio Holdings (as of 4/30/25 )
Allocation of Holdings (Based on Total Net Exposure)
Graphical Representation - Top N Holdings Chart
* Amount represents less than .01%.
Material Fund Change [Text Block]
How has the Fund changed?
  • Effective March 1, 2025, BNY Mellon Investment Adviser, Inc. did not extend the management fee waiver of .10% of the value of the Fund’s average daily net assets.
This is a summary of certain changes to the Fund since November 1, 2024 . For more complete information, you may review the Fund’s current prospectus dated February 28, 2025 at bny.com/investments/literaturecenter  or upon request at 1-800-373-9387.
Material Fund Change Expenses [Text Block]
Effective March 1, 2025, BNY Mellon Investment Adviser, Inc. did not extend the management fee waiver of .10% of the value of the Fund’s average daily net assets.
Summary of Change Legend [Text Block]
This is a summary of certain changes to the Fund since November 1, 2024 . For more complete information, you may review the Fund’s current prospectus dated February 28, 2025 at bny.com/investments/literaturecenter  or upon request at 1-800-373-9387.
Updated Prospectus Phone Number 1-800-373-9387
Updated Prospectus Web Address bny.com/investments/literaturecenter
C000032717 [Member]  
Shareholder Report [Line Items]  
Fund Name BNY Mellon Dynamic Total Return Fund
Class Name Class I
Trading Symbol AVGRX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about BNY Mellon Dynamic Total Return Fund (the “Fund”) for the period of November 1, 2024 to April 30, 2025.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at bny.com/investments/literaturecenter. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.
Material Fund Change Notice [Text Block]
This report describes changes to the Fund that occurred during the reporting period.
Additional Information Phone Number 1-800-373-9387
Additional Information Email info@bny.com
Additional Information Website bny.com/investments/literaturecenter
Expenses [Text Block]
What were the Fund’s costs for the last six months ?
(based on a hypothetical $10,000 investment)
Share Class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
Class I* $53 1.08%**
*
During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.
**
Annualized.
Expenses Paid, Amount $ 53 [5]
Expense Ratio, Percent 1.08% [5],[6]
Material Change Date Mar. 01, 2025
Net Assets $ 78,000,000
Holdings Count | Holding 319
Investment Company Portfolio Turnover 0.00%
Additional Fund Statistics [Text Block]
KEY FUND STATISTICS (AS OF 4/30/25 )

Fund Size (Millions)
Number of Holdings
Portfolio Turnover
$78 319 0.00%
Holdings [Text Block]
Portfolio Holdings (as of 4/30/25 )
Allocation of Holdings (Based on Total Net Exposure)
Graphical Representation - Top N Holdings Chart
* Amount represents less than .01%.
Material Fund Change [Text Block]
How has the Fund changed?
  • Effective March 1, 2025, BNY Mellon Investment Adviser, Inc. did not extend the management fee waiver of .10% of the value of the Fund’s average daily net assets.
This is a summary of certain changes to the Fund since November 1, 2024 . For more complete information, you may review the Fund’s current prospectus dated February 28, 2025 at bny.com/investments/literaturecenter  or upon request at 1-800-373-9387.
Material Fund Change Expenses [Text Block]
Effective March 1, 2025, BNY Mellon Investment Adviser, Inc. did not extend the management fee waiver of .10% of the value of the Fund’s average daily net assets.
Summary of Change Legend [Text Block]
This is a summary of certain changes to the Fund since November 1, 2024 . For more complete information, you may review the Fund’s current prospectus dated February 28, 2025 at bny.com/investments/literaturecenter  or upon request at 1-800-373-9387.
Updated Prospectus Phone Number 1-800-373-9387
Updated Prospectus Web Address bny.com/investments/literaturecenter
C000130429 [Member]  
Shareholder Report [Line Items]  
Fund Name BNY Mellon Dynamic Total Return Fund
Class Name Class Y
Trading Symbol AVGYX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about BNY Mellon Dynamic Total Return Fund (the “Fund”) for the period of November 1, 2024 to April 30, 2025.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at bny.com/investments/literaturecenter. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.
Material Fund Change Notice [Text Block]
This report describes changes to the Fund that occurred during the reporting period.
Additional Information Phone Number 1-800-373-9387
Additional Information Email info@bny.com
Additional Information Website bny.com/investments/literaturecenter
Expenses [Text Block]
What were the Fund’s costs for the last six months ?
(based on a hypothetical $10,000 investment)
Share Class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
Class Y* $53 1.08%**
*
During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.
**
Annualized.
Expenses Paid, Amount $ 53 [7]
Expense Ratio, Percent 1.08% [7],[8]
Material Change Date Mar. 01, 2025
Net Assets $ 78,000,000
Holdings Count | Holding 319
Investment Company Portfolio Turnover 0.00%
Additional Fund Statistics [Text Block]
KEY FUND STATISTICS (AS OF 4/30/25 )

Fund Size (Millions)
Number of Holdings
Portfolio Turnover
$78 319 0.00%
Holdings [Text Block]
Portfolio Holdings (as of 4/30/25 )
Allocation of Holdings (Based on Total Net Exposure)
Graphical Representation - Top N Holdings Chart
* Amount represents less than .01%.
Material Fund Change [Text Block]
How has the Fund changed?
  • Effective March 1, 2025, BNY Mellon Investment Adviser, Inc. did not extend the management fee waiver of .10% of the value of the Fund’s average daily net assets.
This is a summary of certain changes to the Fund since November 1, 2024 . For more complete information, you may review the Fund’s current prospectus dated February 28, 2025 at bny.com/investments/literaturecenter  or upon request at 1-800-373-9387.
Material Fund Change Expenses [Text Block]
Effective March 1, 2025, BNY Mellon Investment Adviser, Inc. did not extend the management fee waiver of .10% of the value of the Fund’s average daily net assets.
Summary of Change Legend [Text Block]
This is a summary of certain changes to the Fund since November 1, 2024 . For more complete information, you may review the Fund’s current prospectus dated February 28, 2025 at bny.com/investments/literaturecenter  or upon request at 1-800-373-9387.
Updated Prospectus Phone Number 1-800-373-9387
Updated Prospectus Web Address bny.com/investments/literaturecenter
C000088313 [Member]  
Shareholder Report [Line Items]  
Fund Name BNY Mellon Global Real Return Fund
Class Name Class A
Trading Symbol DRRAX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about BNY Mellon Global Real Return Fund (the “Fund”) for the period of November 1, 2024 to April 30, 2025.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at bny.com/investments/literaturecenter. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.
Additional Information Phone Number 1-800-373-9387
Additional Information Email info@bny.com
Additional Information Website bny.com/investments/literaturecenter
Expenses [Text Block]
What were the Fund’s costs for the last six months ?
(based on a hypothetical $10,000 investment)
Share Class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
Class A* $57 1.15%**
*
During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.
**
Annualized.
Expenses Paid, Amount $ 57 [9]
Expense Ratio, Percent 1.15% [9],[10]
Net Assets $ 866,000,000
Holdings Count | Holding 154
Investment Company Portfolio Turnover 51.13%
Additional Fund Statistics [Text Block]
KEY FUND STATISTICS (AS OF 4/30/25 )

Fund Size (Millions)
Number of Holdings
Portfolio Turnover
$866 154 51.13%
Holdings [Text Block]
Portfolio Holdings (as of 4/30/25 )
Country Allocation (Based on Net Assets)
Graphical Representation - Top N Holdings Chart
Allocation of Holdings (Based on Total Net Exposure)
Graphical Representation - Allocation 1 Chart
C000088314 [Member]  
Shareholder Report [Line Items]  
Fund Name BNY Mellon Global Real Return Fund
Class Name Class C
Trading Symbol DRRCX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about BNY Mellon Global Real Return Fund (the “Fund”) for the period of November 1, 2024 to April 30, 2025.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at bny.com/investments/literaturecenter. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.
Additional Information Phone Number 1-800-373-9387
Additional Information Email info@bny.com
Additional Information Website bny.com/investments/literaturecenter
Expenses [Text Block]
What were the Fund’s costs for the last six months ?
(based on a hypothetical $10,000 investment)
Share Class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
Class C* $94 1.90%**
*
During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.
**
Annualized.
Expenses Paid, Amount $ 94 [11]
Expense Ratio, Percent 1.90% [11],[12]
Net Assets $ 866,000,000
Holdings Count | Holding 154
Investment Company Portfolio Turnover 51.13%
Additional Fund Statistics [Text Block]
KEY FUND STATISTICS (AS OF 4/30/25 )

Fund Size (Millions)
Number of Holdings
Portfolio Turnover
$866 154 51.13%
Holdings [Text Block]
Portfolio Holdings (as of 4/30/25 )
Country Allocation (Based on Net Assets)
Graphical Representation - Top N Holdings Chart
Allocation of Holdings (Based on Total Net Exposure)
Graphical Representation - Allocation 1 Chart
C000088315 [Member]  
Shareholder Report [Line Items]  
Fund Name BNY Mellon Global Real Return Fund
Class Name Class I
Trading Symbol DRRIX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about BNY Mellon Global Real Return Fund (the “Fund”) for the period of November 1, 2024 to April 30, 2025.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at bny.com/investments/literaturecenter. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.
Additional Information Phone Number 1-800-373-9387
Additional Information Email info@bny.com
Additional Information Website bny.com/investments/literaturecenter
Expenses [Text Block]
What were the Fund’s costs for the last six months ?
(based on a hypothetical $10,000 investment)
Share Class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
Class I* $45 0.90%**
*
During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.
**
Annualized.
Expenses Paid, Amount $ 45 [13]
Expense Ratio, Percent 0.90% [13],[14]
Net Assets $ 866,000,000
Holdings Count | Holding 154
Investment Company Portfolio Turnover 51.13%
Additional Fund Statistics [Text Block]
KEY FUND STATISTICS (AS OF 4/30/25 )

Fund Size (Millions)
Number of Holdings
Portfolio Turnover
$866 154 51.13%
Holdings [Text Block]
Portfolio Holdings (as of 4/30/25 )
Country Allocation (Based on Net Assets)
Graphical Representation - Top N Holdings Chart
Allocation of Holdings (Based on Total Net Exposure)
Graphical Representation - Allocation 1 Chart
C000130431 [Member]  
Shareholder Report [Line Items]  
Fund Name BNY Mellon Global Real Return Fund
Class Name Class Y
Trading Symbol DRRYX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about BNY Mellon Global Real Return Fund (the “Fund”) for the period of November 1, 2024 to April 30, 2025.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at bny.com/investments/literaturecenter. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.
Additional Information Phone Number 1-800-373-9387
Additional Information Email info@bny.com
Additional Information Website bny.com/investments/literaturecenter
Expenses [Text Block]
What were the Fund’s costs for the last six months ?
(based on a hypothetical $10,000 investment)
Share Class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
Class Y* $41 0.82%**
*
During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.
**
Annualized.
Expenses Paid, Amount $ 41 [15]
Expense Ratio, Percent 0.82% [15],[16]
Net Assets $ 866,000,000
Holdings Count | Holding 154
Investment Company Portfolio Turnover 51.13%
Additional Fund Statistics [Text Block]
KEY FUND STATISTICS (AS OF 4/30/25 )

Fund Size (Millions)
Number of Holdings
Portfolio Turnover
$866 154 51.13%
Holdings [Text Block]
Portfolio Holdings (as of 4/30/25 )
Country Allocation (Based on Net Assets)
Graphical Representation - Top N Holdings Chart
Allocation of Holdings (Based on Total Net Exposure)
Graphical Representation - Allocation 1 Chart
[1] During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.
[2] Annualized.
[3] During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.
[4] Annualized.
[5] During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.
[6] Annualized.
[7] During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.
[8] Annualized.
[9] During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.
[10] Annualized.
[11] During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.
[12] Annualized.
[13] During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.
[14] Annualized.
[15] During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund’s investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.
[16] Annualized.

v3.25.2
Shareholder Report, Holdings (Details)
Apr. 30, 2025
C000032670 [Member] | Exchange Traded Funds [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 3.80%
C000032670 [Member] | US Treasury Securities [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 61.80%
C000032670 [Member] | Forward Contracts Purchased in USD [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 156.90%
C000032670 [Member] | Interest Rate Futures Long [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 30.20%
C000032670 [Member] | Equity Futures Long [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 25.50%
C000032670 [Member] | Commodity Futures Long [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 14.90%
C000032670 [Member] | Investment Companies [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 6.60%
C000032670 [Member] | Equity Purchased Call Options [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 0.10%
C000032670 [Member] | Equity Purchased Put Options [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 0.00% [1]
C000032670 [Member] | Equity Written Put Options [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (0.10%)
C000032670 [Member] | Interest Rate Futures Short [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (2.60%)
C000032670 [Member] | Equity Futures Short [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (8.00%)
C000032670 [Member] | Commodity Futures Short [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (16.80%)
C000032670 [Member] | Equity Total Return Swap Receives Fixed Rate [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (20.20%)
C000032670 [Member] | Forward Contracts Sold in USD [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (152.10%)
C000032716 [Member] | Exchange Traded Funds [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 3.80%
C000032716 [Member] | US Treasury Securities [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 61.80%
C000032716 [Member] | Forward Contracts Purchased in USD [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 156.90%
C000032716 [Member] | Interest Rate Futures Long [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 30.20%
C000032716 [Member] | Equity Futures Long [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 25.50%
C000032716 [Member] | Commodity Futures Long [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 14.90%
C000032716 [Member] | Investment Companies [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 6.60%
C000032716 [Member] | Equity Purchased Call Options [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 0.10%
C000032716 [Member] | Equity Purchased Put Options [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 0.00% [2]
C000032716 [Member] | Equity Written Put Options [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (0.10%)
C000032716 [Member] | Interest Rate Futures Short [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (2.60%)
C000032716 [Member] | Equity Futures Short [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (8.00%)
C000032716 [Member] | Commodity Futures Short [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (16.80%)
C000032716 [Member] | Equity Total Return Swap Receives Fixed Rate [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (20.20%)
C000032716 [Member] | Forward Contracts Sold in USD [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (152.10%)
C000032717 [Member] | Exchange Traded Funds [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 3.80%
C000032717 [Member] | US Treasury Securities [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 61.80%
C000032717 [Member] | Forward Contracts Purchased in USD [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 156.90%
C000032717 [Member] | Interest Rate Futures Long [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 30.20%
C000032717 [Member] | Equity Futures Long [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 25.50%
C000032717 [Member] | Commodity Futures Long [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 14.90%
C000032717 [Member] | Investment Companies [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 6.60%
C000032717 [Member] | Equity Purchased Call Options [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 0.10%
C000032717 [Member] | Equity Purchased Put Options [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 0.00% [3]
C000032717 [Member] | Equity Written Put Options [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (0.10%)
C000032717 [Member] | Interest Rate Futures Short [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (2.60%)
C000032717 [Member] | Equity Futures Short [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (8.00%)
C000032717 [Member] | Commodity Futures Short [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (16.80%)
C000032717 [Member] | Equity Total Return Swap Receives Fixed Rate [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (20.20%)
C000032717 [Member] | Forward Contracts Sold in USD [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (152.10%)
C000130429 [Member] | Exchange Traded Funds [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 3.80%
C000130429 [Member] | US Treasury Securities [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 61.80%
C000130429 [Member] | Forward Contracts Purchased in USD [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 156.90%
C000130429 [Member] | Interest Rate Futures Long [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 30.20%
C000130429 [Member] | Equity Futures Long [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 25.50%
C000130429 [Member] | Commodity Futures Long [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 14.90%
C000130429 [Member] | Investment Companies [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 6.60%
C000130429 [Member] | Equity Purchased Call Options [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 0.10%
C000130429 [Member] | Equity Purchased Put Options [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 0.00% [4]
C000130429 [Member] | Equity Written Put Options [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (0.10%)
C000130429 [Member] | Interest Rate Futures Short [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (2.60%)
C000130429 [Member] | Equity Futures Short [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (8.00%)
C000130429 [Member] | Commodity Futures Short [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (16.80%)
C000130429 [Member] | Equity Total Return Swap Receives Fixed Rate [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (20.20%)
C000130429 [Member] | Forward Contracts Sold in USD [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (152.10%)
C000088313 [Member] | BRAZIL  
Holdings [Line Items]  
Percent of Net Asset Value 2.70%
C000088313 [Member] | FRANCE  
Holdings [Line Items]  
Percent of Net Asset Value 1.90%
C000088313 [Member] | GUERNSEY  
Holdings [Line Items]  
Percent of Net Asset Value 1.00%
C000088313 [Member] | INDONESIA  
Holdings [Line Items]  
Percent of Net Asset Value 1.10%
C000088313 [Member] | ITALY  
Holdings [Line Items]  
Percent of Net Asset Value 1.60%
C000088313 [Member] | JAPAN  
Holdings [Line Items]  
Percent of Net Asset Value 1.10%
C000088313 [Member] | NETHERLANDS  
Holdings [Line Items]  
Percent of Net Asset Value 4.80%
C000088313 [Member] | SWITZERLAND  
Holdings [Line Items]  
Percent of Net Asset Value 2.00%
C000088313 [Member] | TAIWAN  
Holdings [Line Items]  
Percent of Net Asset Value 1.00%
C000088313 [Member] | UNITED KINGDOM  
Holdings [Line Items]  
Percent of Net Asset Value 20.00%
C000088313 [Member] | UNITED STATES  
Holdings [Line Items]  
Percent of Net Asset Value 47.80%
C000088313 [Member] | Exchange Traded Funds [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 3.90%
C000088313 [Member] | US Treasury Securities [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 46.80%
C000088313 [Member] | Forward Contracts Purchased in USD [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 49.00%
C000088313 [Member] | Interest Rate Futures Long [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 23.20%
C000088313 [Member] | Equity Futures Long [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 3.10%
C000088313 [Member] | Investment Companies [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 20.00%
C000088313 [Member] | Equity Purchased Call Options [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 0.20%
C000088313 [Member] | Equity Written Put Options [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 0.30%
C000088313 [Member] | Equity Futures Short [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (11.40%)
C000088313 [Member] | Equity Total Return Swap Receives Fixed Rate [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (49.60%)
C000088313 [Member] | Forward Contracts Sold in USD [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (76.40%)
C000088313 [Member] | Net Other Assets and Liabilities [Member]  
Holdings [Line Items]  
Percent of Net Asset Value 15.00%
C000088313 [Member] | Equity Securities Common Stocks [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 55.90%
C000088313 [Member] | Corporate Bonds and Notes [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 20.50%
C000088313 [Member] | Foreign Governmental [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 14.80%
C000088313 [Member] | Equity Written Call Options [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (0.30%)
C000088314 [Member] | BRAZIL  
Holdings [Line Items]  
Percent of Net Asset Value 2.70%
C000088314 [Member] | FRANCE  
Holdings [Line Items]  
Percent of Net Asset Value 1.90%
C000088314 [Member] | GUERNSEY  
Holdings [Line Items]  
Percent of Net Asset Value 1.00%
C000088314 [Member] | INDONESIA  
Holdings [Line Items]  
Percent of Net Asset Value 1.10%
C000088314 [Member] | ITALY  
Holdings [Line Items]  
Percent of Net Asset Value 1.60%
C000088314 [Member] | JAPAN  
Holdings [Line Items]  
Percent of Net Asset Value 1.10%
C000088314 [Member] | NETHERLANDS  
Holdings [Line Items]  
Percent of Net Asset Value 4.80%
C000088314 [Member] | SWITZERLAND  
Holdings [Line Items]  
Percent of Net Asset Value 2.00%
C000088314 [Member] | TAIWAN  
Holdings [Line Items]  
Percent of Net Asset Value 1.00%
C000088314 [Member] | UNITED KINGDOM  
Holdings [Line Items]  
Percent of Net Asset Value 20.00%
C000088314 [Member] | UNITED STATES  
Holdings [Line Items]  
Percent of Net Asset Value 47.80%
C000088314 [Member] | Exchange Traded Funds [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 3.90%
C000088314 [Member] | US Treasury Securities [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 46.80%
C000088314 [Member] | Forward Contracts Purchased in USD [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 49.00%
C000088314 [Member] | Interest Rate Futures Long [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 23.20%
C000088314 [Member] | Equity Futures Long [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 3.10%
C000088314 [Member] | Investment Companies [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 20.00%
C000088314 [Member] | Equity Purchased Call Options [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 0.20%
C000088314 [Member] | Equity Written Put Options [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 0.30%
C000088314 [Member] | Equity Futures Short [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (11.40%)
C000088314 [Member] | Equity Total Return Swap Receives Fixed Rate [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (49.60%)
C000088314 [Member] | Forward Contracts Sold in USD [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (76.40%)
C000088314 [Member] | Net Other Assets and Liabilities [Member]  
Holdings [Line Items]  
Percent of Net Asset Value 15.00%
C000088314 [Member] | Equity Securities Common Stocks [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 55.90%
C000088314 [Member] | Corporate Bonds and Notes [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 20.50%
C000088314 [Member] | Foreign Governmental [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 14.80%
C000088314 [Member] | Equity Written Call Options [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (0.30%)
C000088315 [Member] | BRAZIL  
Holdings [Line Items]  
Percent of Net Asset Value 2.70%
C000088315 [Member] | FRANCE  
Holdings [Line Items]  
Percent of Net Asset Value 1.90%
C000088315 [Member] | GUERNSEY  
Holdings [Line Items]  
Percent of Net Asset Value 1.00%
C000088315 [Member] | INDONESIA  
Holdings [Line Items]  
Percent of Net Asset Value 1.10%
C000088315 [Member] | ITALY  
Holdings [Line Items]  
Percent of Net Asset Value 1.60%
C000088315 [Member] | JAPAN  
Holdings [Line Items]  
Percent of Net Asset Value 1.10%
C000088315 [Member] | NETHERLANDS  
Holdings [Line Items]  
Percent of Net Asset Value 4.80%
C000088315 [Member] | SWITZERLAND  
Holdings [Line Items]  
Percent of Net Asset Value 2.00%
C000088315 [Member] | TAIWAN  
Holdings [Line Items]  
Percent of Net Asset Value 1.00%
C000088315 [Member] | UNITED KINGDOM  
Holdings [Line Items]  
Percent of Net Asset Value 20.00%
C000088315 [Member] | UNITED STATES  
Holdings [Line Items]  
Percent of Net Asset Value 47.80%
C000088315 [Member] | Exchange Traded Funds [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 3.90%
C000088315 [Member] | US Treasury Securities [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 46.80%
C000088315 [Member] | Forward Contracts Purchased in USD [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 49.00%
C000088315 [Member] | Interest Rate Futures Long [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 23.20%
C000088315 [Member] | Equity Futures Long [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 3.10%
C000088315 [Member] | Investment Companies [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 20.00%
C000088315 [Member] | Equity Purchased Call Options [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 0.20%
C000088315 [Member] | Equity Written Put Options [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 0.30%
C000088315 [Member] | Equity Futures Short [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (11.40%)
C000088315 [Member] | Equity Total Return Swap Receives Fixed Rate [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (49.60%)
C000088315 [Member] | Forward Contracts Sold in USD [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (76.40%)
C000088315 [Member] | Net Other Assets and Liabilities [Member]  
Holdings [Line Items]  
Percent of Net Asset Value 15.00%
C000088315 [Member] | Equity Securities Common Stocks [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 55.90%
C000088315 [Member] | Corporate Bonds and Notes [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 20.50%
C000088315 [Member] | Foreign Governmental [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 14.80%
C000088315 [Member] | Equity Written Call Options [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (0.30%)
C000130431 [Member] | BRAZIL  
Holdings [Line Items]  
Percent of Net Asset Value 2.70%
C000130431 [Member] | FRANCE  
Holdings [Line Items]  
Percent of Net Asset Value 1.90%
C000130431 [Member] | GUERNSEY  
Holdings [Line Items]  
Percent of Net Asset Value 1.00%
C000130431 [Member] | INDONESIA  
Holdings [Line Items]  
Percent of Net Asset Value 1.10%
C000130431 [Member] | ITALY  
Holdings [Line Items]  
Percent of Net Asset Value 1.60%
C000130431 [Member] | JAPAN  
Holdings [Line Items]  
Percent of Net Asset Value 1.10%
C000130431 [Member] | NETHERLANDS  
Holdings [Line Items]  
Percent of Net Asset Value 4.80%
C000130431 [Member] | SWITZERLAND  
Holdings [Line Items]  
Percent of Net Asset Value 2.00%
C000130431 [Member] | TAIWAN  
Holdings [Line Items]  
Percent of Net Asset Value 1.00%
C000130431 [Member] | UNITED KINGDOM  
Holdings [Line Items]  
Percent of Net Asset Value 20.00%
C000130431 [Member] | UNITED STATES  
Holdings [Line Items]  
Percent of Net Asset Value 47.80%
C000130431 [Member] | Exchange Traded Funds [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 3.90%
C000130431 [Member] | US Treasury Securities [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 46.80%
C000130431 [Member] | Forward Contracts Purchased in USD [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 49.00%
C000130431 [Member] | Interest Rate Futures Long [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 23.20%
C000130431 [Member] | Equity Futures Long [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 3.10%
C000130431 [Member] | Investment Companies [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 20.00%
C000130431 [Member] | Equity Purchased Call Options [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 0.20%
C000130431 [Member] | Equity Written Put Options [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 0.30%
C000130431 [Member] | Equity Futures Short [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (11.40%)
C000130431 [Member] | Equity Total Return Swap Receives Fixed Rate [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (49.60%)
C000130431 [Member] | Forward Contracts Sold in USD [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (76.40%)
C000130431 [Member] | Net Other Assets and Liabilities [Member]  
Holdings [Line Items]  
Percent of Net Asset Value 15.00%
C000130431 [Member] | Equity Securities Common Stocks [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 55.90%
C000130431 [Member] | Corporate Bonds and Notes [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 20.50%
C000130431 [Member] | Foreign Governmental [Member]  
Holdings [Line Items]  
Percent of Net Long Exposure 14.80%
C000130431 [Member] | Equity Written Call Options [Member]  
Holdings [Line Items]  
Percent of Net Short Exposure (0.30%)
[1] Amount represents less than .01%.
[2] Amount represents less than .01%.
[3] Amount represents less than .01%.
[4] Amount represents less than .01%. 

{
 "version": "2.2",
 "instance": {
  "output.htm": {
   "nsprefix": "bmafi",
   "nsuri": "http://www.bny.com/20250618",
   "dts": {
    "schema": {
     "local": [
      "bmafi-20250618.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/2006/ref-2006-02-27.xsd",
      "http://www.xbrl.org/lrr/arcrole/deprecated-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/reference-2009-12-16.xsd",
      "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd",
      "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd",
      "https://www.xbrl.org/dtr/type/2024-01-31/types.xsd",
      "https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd",
      "https://xbrl.fasb.org/srt/2025/elts/srt-roles-2025.xsd",
      "https://xbrl.fasb.org/srt/2025/elts/srt-types-2025.xsd",
      "https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd",
      "https://xbrl.fasb.org/us-gaap/2025/elts/us-roles-2025.xsd",
      "https://xbrl.fasb.org/us-gaap/2025/elts/us-types-2025.xsd",
      "https://xbrl.sec.gov/country/2025/country-2025.xsd",
      "https://xbrl.sec.gov/country/2025/country-2025_def.xsd",
      "https://xbrl.sec.gov/dei/2025/dei-2025.xsd",
      "https://xbrl.sec.gov/oef/2025/oef-2025.xsd",
      "https://xbrl.sec.gov/oef/2025/oef-2025_lab.xsd",
      "https://xbrl.sec.gov/oef/2025/oef-sr-2025.xsd",
      "https://xbrl.sec.gov/stpr/2025/stpr-2025.xsd"
     ]
    },
    "inline": {
     "local": [
      "output.htm"
     ]
    }
   },
   "keyStandard": 33,
   "keyCustom": 0,
   "axisStandard": 3,
   "axisCustom": 0,
   "memberStandard": 13,
   "memberCustom": 26,
   "hidden": {
    "total": 172,
    "http://xbrl.sec.gov/oef/2025": 168,
    "http://xbrl.sec.gov/dei/2025": 4
   },
   "contextCount": 185,
   "entityCount": 1,
   "segmentCount": 39,
   "elementCount": 162,
   "unitCount": 6,
   "baseTaxonomies": {
    "http://xbrl.sec.gov/oef/2025": 308,
    "http://fasb.org/us-gaap/2025": 16,
    "http://xbrl.sec.gov/dei/2025": 14
   },
   "report": {
    "R1": {
     "role": "http://xbrl.sec.gov/oef/role/NcsrCover",
     "longName": "030000 - Disclosure - Form N-CSR Cover",
     "shortName": "Form N-CSR Cover",
     "isDefault": "true",
     "groupType": "disclosure",
     "subGroupType": "",
     "menuCat": "Cover",
     "order": "1",
     "firstAnchor": {
      "contextRef": "DefaultContext",
      "name": "dei:EntityRegistrantName",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "div",
       "div",
       "div",
       "div",
       "div",
       "div",
       "div",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "output.htm",
      "first": true
     },
     "uniqueAnchor": null
    },
    "R2": {
     "role": "http://xbrl.sec.gov/oef/role/ShareholderReport",
     "longName": "030001 - Disclosure - Shareholder Report",
     "shortName": "Shareholder Report",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "",
     "menuCat": "Notes",
     "order": "2",
     "firstAnchor": {
      "contextRef": "DefaultContext",
      "name": "dei:EntityRegistrantName",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "div",
       "div",
       "div",
       "div",
       "div",
       "div",
       "div",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "output.htm",
      "first": true
     },
     "uniqueAnchor": {
      "contextRef": "D20241031_20250430_C000032670Member",
      "name": "oef:FundName",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "div",
       "div",
       "div",
       "div",
       "div",
       "div",
       "div",
       "div",
       "div",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "output.htm",
      "unique": true
     }
    },
    "R3": {
     "role": "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails",
     "longName": "040020 - Disclosure - Shareholder Report, Holdings (Details)",
     "shortName": "Shareholder Report, Holdings (Details)",
     "isDefault": "false",
     "groupType": "disclosure",
     "subGroupType": "details",
     "menuCat": "Details",
     "order": "3",
     "firstAnchor": null,
     "uniqueAnchor": null
    }
   },
   "tag": {
    "oef_AccmVal": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "AccmVal",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportLineGraphDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Accumulated Value"
       }
      }
     },
     "auth_ref": [
      "r41"
     ]
    },
    "oef_AccountValueLineItems": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "AccountValueLineItems",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportLineGraphDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Account Value [Line Items]"
       }
      }
     },
     "auth_ref": [
      "r40"
     ]
    },
    "oef_AccountValueTable": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "AccountValueTable",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportLineGraphDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Account Value [Table]"
       }
      }
     },
     "auth_ref": [
      "r40"
     ]
    },
    "oef_AccountValueTableAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "AccountValueTableAbstract",
     "lang": {
      "en-us": {
       "role": {
        "label": "Account Value Table [Abstract]"
       }
      }
     },
     "auth_ref": [
      "r40"
     ]
    },
    "oef_AccountantChngDate": {
     "xbrltype": "dateItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "AccountantChngDate",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Accountant Change Date"
       }
      }
     },
     "auth_ref": [
      "r64"
     ]
    },
    "oef_AccountantChngDisagreementsTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "AccountantChngDisagreementsTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Accountant Change Disagreements [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r65"
     ]
    },
    "oef_AccountantChngStatementTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "AccountantChngStatementTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Accountant Change Statement [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r64"
     ]
    },
    "oef_AdditionalIndexAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "AdditionalIndexAxis",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportAverageAnnualReturnDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportLineGraphDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Additional Index [Axis]"
       }
      }
     },
     "auth_ref": [
      "r40"
     ]
    },
    "oef_AdditionalIndexDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "AdditionalIndexDomain",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportAverageAnnualReturnDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportLineGraphDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Additional Index [Domain]"
       }
      }
     },
     "auth_ref": [
      "r40"
     ]
    },
    "oef_AddlFundStatisticsSignificanceOrLimitsTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "AddlFundStatisticsSignificanceOrLimitsTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Additional Fund Statistics Significance or Limits [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r54"
     ]
    },
    "oef_AddlFundStatisticsTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "AddlFundStatisticsTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Additional Fund Statistics [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r53"
     ]
    },
    "oef_AddlInfoEmail": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "AddlInfoEmail",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Additional Information Email"
       }
      }
     },
     "auth_ref": [
      "r32"
     ]
    },
    "oef_AddlInfoPhoneNumber": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "AddlInfoPhoneNumber",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Additional Information Phone Number"
       }
      }
     },
     "auth_ref": [
      "r32"
     ]
    },
    "oef_AddlInfoTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "AddlInfoTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Additional Information [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r30"
     ]
    },
    "oef_AddlInfoWebsite": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "AddlInfoWebsite",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Additional Information Website"
       }
      }
     },
     "auth_ref": [
      "r32"
     ]
    },
    "oef_AdvisoryFeesPaidAmt": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "AdvisoryFeesPaidAmt",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Advisory Fees Paid, Amount"
       }
      }
     },
     "auth_ref": [
      "r53"
     ]
    },
    "dei_AmendmentDescription": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "AmendmentDescription",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/NcsrCover",
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Amendment Description",
        "documentation": "Description of changes contained within amended document."
       }
      }
     },
     "auth_ref": []
    },
    "dei_AmendmentFlag": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "AmendmentFlag",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/NcsrCover",
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Amendment Flag",
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission."
       }
      }
     },
     "auth_ref": []
    },
    "oef_AnnlOrSemiAnnlStatementTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "AnnlOrSemiAnnlStatementTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Annual or Semi-Annual Statement [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r29"
     ]
    },
    "us-gaap_AssetsNet": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://fasb.org/us-gaap/2025",
     "localname": "AssetsNet",
     "crdr": "debit",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Net Assets",
        "documentation": "Amount of net assets (liabilities)."
       }
      }
     },
     "auth_ref": [
      "r0"
     ]
    },
    "oef_AverageAnnualReturnAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "AverageAnnualReturnAbstract",
     "lang": {
      "en-us": {
       "role": {
        "label": "Average Annual Return:"
       }
      }
     },
     "auth_ref": [
      "r68"
     ]
    },
    "oef_AverageAnnualReturnLineItems": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "AverageAnnualReturnLineItems",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportAverageAnnualReturnDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Average Annual Return [Line Items]"
       }
      }
     },
     "auth_ref": [
      "r68"
     ]
    },
    "oef_AverageAnnualReturnTable": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "AverageAnnualReturnTable",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportAverageAnnualReturnDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Average Annual Return [Table]"
       }
      }
     },
     "auth_ref": [
      "r68"
     ]
    },
    "oef_AvgAnnlRtrPct": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "AvgAnnlRtrPct",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportAverageAnnualReturnDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Average Annual Return, Percent"
       }
      }
     },
     "auth_ref": [
      "r47"
     ]
    },
    "oef_AvgAnnlRtrTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "AvgAnnlRtrTableTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Average Annual Return [Table Text Block]"
       }
      }
     },
     "auth_ref": [
      "r47"
     ]
    },
    "country_BR": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/country/2025",
     "localname": "BR",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "BRAZIL"
       }
      }
     },
     "auth_ref": []
    },
    "oef_BroadBasedIndexAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "BroadBasedIndexAxis",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportAverageAnnualReturnDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportLineGraphDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Broad Based Index [Axis]"
       }
      }
     },
     "auth_ref": [
      "r40"
     ]
    },
    "oef_BroadBasedIndexDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "BroadBasedIndexDomain",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportAverageAnnualReturnDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportLineGraphDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Broad Based Index [Domain]"
       }
      }
     },
     "auth_ref": [
      "r40"
     ]
    },
    "bmafi_C000032670Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "C000032670Member",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport",
      "http://xbrl.sec.gov/oef/role/ShareholderReportAverageAnnualReturnDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportLineGraphDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "C000032670 [Member]",
        "terseLabel": "Class A"
       }
      }
     },
     "auth_ref": []
    },
    "bmafi_C000032716Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "C000032716Member",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport",
      "http://xbrl.sec.gov/oef/role/ShareholderReportAverageAnnualReturnDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportLineGraphDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "C000032716 [Member]",
        "terseLabel": "Class C"
       }
      }
     },
     "auth_ref": []
    },
    "bmafi_C000032717Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "C000032717Member",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport",
      "http://xbrl.sec.gov/oef/role/ShareholderReportAverageAnnualReturnDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportLineGraphDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "C000032717 [Member]",
        "terseLabel": "Class I"
       }
      }
     },
     "auth_ref": []
    },
    "bmafi_C000088313Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "C000088313Member",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport",
      "http://xbrl.sec.gov/oef/role/ShareholderReportAverageAnnualReturnDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportLineGraphDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "C000088313 [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "bmafi_C000088314Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "C000088314Member",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport",
      "http://xbrl.sec.gov/oef/role/ShareholderReportAverageAnnualReturnDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportLineGraphDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "C000088314 [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "bmafi_C000088315Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "C000088315Member",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport",
      "http://xbrl.sec.gov/oef/role/ShareholderReportAverageAnnualReturnDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportLineGraphDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "C000088315 [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "bmafi_C000130429Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "C000130429Member",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport",
      "http://xbrl.sec.gov/oef/role/ShareholderReportAverageAnnualReturnDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportLineGraphDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "C000130429 [Member]",
        "terseLabel": "Class Y"
       }
      }
     },
     "auth_ref": []
    },
    "bmafi_C000130431Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "C000130431Member",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport",
      "http://xbrl.sec.gov/oef/role/ShareholderReportAverageAnnualReturnDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportLineGraphDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "C000130431 [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "country_CH": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/country/2025",
     "localname": "CH",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "SWITZERLAND"
       }
      }
     },
     "auth_ref": []
    },
    "oef_ClassAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "ClassAxis",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport",
      "http://xbrl.sec.gov/oef/role/ShareholderReportAverageAnnualReturnDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportLineGraphDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Class [Axis]"
       }
      }
     },
     "auth_ref": [
      "r27"
     ]
    },
    "oef_ClassName": {
     "xbrltype": "securityTitleItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "ClassName",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Class Name"
       }
      }
     },
     "auth_ref": [
      "r32"
     ]
    },
    "bmafi_CommodityFuturesLongMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "CommodityFuturesLongMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Commodity Futures Long [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "bmafi_CommodityFuturesShortMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "CommodityFuturesShortMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Commodity Futures Short [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "bmafi_CorporateBondsAndNotesMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "CorporateBondsAndNotesMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Corporate Bonds and Notes [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "dei_CoverAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "CoverAbstract",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cover page."
       }
      }
     },
     "auth_ref": []
    },
    "oef_CreditQualityAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "CreditQualityAxis",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Credit Quality [Axis]"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "oef_CreditQualityDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "CreditQualityDomain",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Credit Quality [Domain]"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "oef_CreditQualityExplanationTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "CreditQualityExplanationTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Credit Quality Explanation [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "srt_CreditRatingAMBestDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/srt/2025",
     "localname": "CreditRatingAMBestDomain",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "auth_ref": [
      "r19",
      "r70"
     ]
    },
    "oef_CreditRatingsSelectionTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "CreditRatingsSelectionTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Credit Ratings Selection [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "oef_DistOfCapitalTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "DistOfCapitalTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Distribution of Capital [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r49"
     ]
    },
    "dei_DocumentPeriodEndDate": {
     "xbrltype": "dateItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "DocumentPeriodEndDate",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/NcsrCover",
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Period End Date",
        "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentType": {
     "xbrltype": "submissionTypeItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "DocumentType",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/NcsrCover",
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Type",
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityCentralIndexKey": {
     "xbrltype": "centralIndexKeyItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityCentralIndexKey",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/NcsrCover",
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Central Index Key",
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK."
       }
      }
     },
     "auth_ref": [
      "r25"
     ]
    },
    "dei_EntityDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityDomain",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportAverageAnnualReturnDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Series",
        "documentation": "All the names of the entities being reported upon in a document. Any legal structure used to conduct activities or to hold assets. Some examples of such structures are corporations, partnerships, limited liability companies, grantor trusts, and other trusts. This item does not include business and geographical segments which are included in the geographical or business segments domains."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityInvCompanyType": {
     "xbrltype": "invCompanyType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityInvCompanyType",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/NcsrCover",
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Investment Company Type",
        "documentation": "One of: N-1A (Mutual Fund), N-1 (Open-End Separate Account with No Variable Annuities), N-2 (Closed-End Investment Company), N-3 (Separate Account Registered as Open-End Management Investment Company), N-4 (Variable Annuity UIT Separate Account), N-5 (Small Business Investment Company), N-6 (Variable Life UIT Separate Account), S-1 or S-3 (Face Amount Certificate Company), S-6 (UIT, Non-Insurance Product)."
       }
      }
     },
     "auth_ref": [
      "r69"
     ]
    },
    "dei_EntityRegistrantName": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityRegistrantName",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/NcsrCover",
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Registrant Name",
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC."
       }
      }
     },
     "auth_ref": [
      "r25"
     ]
    },
    "bmafi_EquityFuturesLongMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "EquityFuturesLongMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Equity Futures Long [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "bmafi_EquityFuturesShortMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "EquityFuturesShortMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Equity Futures Short [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "bmafi_EquityPurchasedCallOptionsMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "EquityPurchasedCallOptionsMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Equity Purchased Call Options [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "bmafi_EquityPurchasedPutOptionsMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "EquityPurchasedPutOptionsMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Equity Purchased Put Options [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "bmafi_EquitySecuritiesCommonStocksMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "EquitySecuritiesCommonStocksMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Equity Securities Common Stocks [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "bmafi_EquityTotalReturnSwapReceivesFixedRateMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "EquityTotalReturnSwapReceivesFixedRateMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Equity Total Return Swap Receives Fixed Rate [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "bmafi_EquityWrittenCallOptionsMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "EquityWrittenCallOptionsMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Equity Written Call Options [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "bmafi_EquityWrittenPutOptionsMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "EquityWrittenPutOptionsMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Equity Written Put Options [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "oef_EtfDiscountNumDays": {
     "xbrltype": "integerItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "EtfDiscountNumDays",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "ETF Discount, Number of Days"
       }
      }
     },
     "auth_ref": [
      "r50"
     ]
    },
    "oef_EtfPastPerfTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "EtfPastPerfTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "ETF Past Performance [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r52"
     ]
    },
    "oef_EtfPremiumDiscountTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "EtfPremiumDiscountTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "ETF Premium Discount [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r50"
     ]
    },
    "oef_EtfPremiumNumDays": {
     "xbrltype": "integerItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "EtfPremiumNumDays",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "ETF Premium, Number of Days"
       }
      }
     },
     "auth_ref": [
      "r50"
     ]
    },
    "oef_EtfPurchaseExplanationTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "EtfPurchaseExplanationTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "ETF Purchase Explanation [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r51"
     ]
    },
    "us-gaap_ExchangeTradedFundsMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2025",
     "localname": "ExchangeTradedFundsMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Exchange Traded Funds [Member]",
        "documentation": "Investment that follows an index, commodity or basket of assets that trades similar to a stock on an exchange."
       }
      }
     },
     "auth_ref": [
      "r71",
      "r72"
     ]
    },
    "oef_ExpenseRatioPct": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "ExpenseRatioPct",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Expense Ratio, Percent"
       }
      }
     },
     "auth_ref": [
      "r35"
     ]
    },
    "oef_ExpensesExclExtraordinaryExpensesPct": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "ExpensesExclExtraordinaryExpensesPct",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Expenses Excluding Extraordinary Expenses, Percent"
       }
      }
     },
     "auth_ref": [
      "r38"
     ]
    },
    "oef_ExpensesPaidAmt": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "ExpensesPaidAmt",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Expenses Paid, Amount"
       }
      }
     },
     "auth_ref": [
      "r34"
     ]
    },
    "oef_ExpensesRepresentBothMasterAndFeeder": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "ExpensesRepresentBothMasterAndFeeder",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Expenses Represent Both Master and Feeder [Text]"
       }
      }
     },
     "auth_ref": [
      "r36",
      "r66"
     ]
    },
    "oef_ExpensesShortPeriodFnTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "ExpensesShortPeriodFnTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Expenses Short Period Footnote [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r37"
     ]
    },
    "oef_ExpensesTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "ExpensesTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Expenses [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r33"
     ]
    },
    "oef_ExposureBasisExplanationTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "ExposureBasisExplanationTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Exposure Basis Explanation [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "srt_ExternalCreditRatingFitchMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/srt/2025",
     "localname": "ExternalCreditRatingFitchMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "auth_ref": [
      "r19",
      "r70"
     ]
    },
    "srt_ExternalCreditRatingMoodysMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/srt/2025",
     "localname": "ExternalCreditRatingMoodysMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "auth_ref": [
      "r19",
      "r70"
     ]
    },
    "srt_ExternalCreditRatingStandardPoorsMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/srt/2025",
     "localname": "ExternalCreditRatingStandardPoorsMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "auth_ref": [
      "r19",
      "r70"
     ]
    },
    "oef_ExtraordinaryExpensesFnTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "ExtraordinaryExpensesFnTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Extraordinary Expenses Footnote [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r38"
     ]
    },
    "country_FR": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/country/2025",
     "localname": "FR",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "FRANCE"
       }
      }
     },
     "auth_ref": []
    },
    "oef_FactorsAffectingPerfTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "FactorsAffectingPerfTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Factors Affecting Performance [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r39"
     ]
    },
    "bmafi_ForeignGovernmentalMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "ForeignGovernmentalMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Foreign Governmental [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "bmafi_ForwardContractsPurchasedInUSDMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "ForwardContractsPurchasedInUSDMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Forward Contracts Purchased in USD [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "bmafi_ForwardContractsSoldInUSDMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "ForwardContractsSoldInUSDMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Forward Contracts Sold in USD [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "oef_FundName": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "FundName",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Fund Name"
       }
      }
     },
     "auth_ref": [
      "r28"
     ]
    },
    "country_GB": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/country/2025",
     "localname": "GB",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "UNITED KINGDOM"
       }
      }
     },
     "auth_ref": []
    },
    "country_GG": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/country/2025",
     "localname": "GG",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "GUERNSEY"
       }
      }
     },
     "auth_ref": []
    },
    "oef_GeographicRegionAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "GeographicRegionAxis",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Geographic Region [Axis]"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "oef_GeographicRegionDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "GeographicRegionDomain",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Geographic Region [Domain]"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "oef_HoldingsAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "HoldingsAbstract",
     "lang": {
      "en-us": {
       "role": {
        "label": "Holdings [Abstract]"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "oef_HoldingsCount": {
     "xbrltype": "integerItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "HoldingsCount",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Holdings Count"
       }
      }
     },
     "auth_ref": [
      "r53"
     ]
    },
    "oef_HoldingsLineItems": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "HoldingsLineItems",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Holdings [Line Items]"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "oef_HoldingsTable": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "HoldingsTable",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Holdings [Table]"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "oef_HoldingsTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "HoldingsTableTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Holdings [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "country_ID": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/country/2025",
     "localname": "ID",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "INDONESIA"
       }
      }
     },
     "auth_ref": []
    },
    "country_IT": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/country/2025",
     "localname": "IT",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "ITALY"
       }
      }
     },
     "auth_ref": []
    },
    "oef_InabilityToMeetDistLevelTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "InabilityToMeetDistLevelTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Inability to Meet Distribution Level [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r49"
     ]
    },
    "oef_IndustrySectorAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "IndustrySectorAxis",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Industry Sector [Axis]"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "oef_IndustrySectorDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "IndustrySectorDomain",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Industry Sector [Domain]"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "bmafi_InterestRateFuturesLongMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "InterestRateFuturesLongMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Interest Rate Futures Long [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "bmafi_InterestRateFuturesShortMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "InterestRateFuturesShortMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Interest Rate Futures Short [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "bmafi_InvestmentCompaniesMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "InvestmentCompaniesMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Investment Companies [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_InvestmentCompanyPortfolioTurnover": {
     "xbrltype": "percentItemType",
     "nsuri": "http://fasb.org/us-gaap/2025",
     "localname": "InvestmentCompanyPortfolioTurnover",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Investment Company Portfolio Turnover",
        "documentation": "Percentage of lesser of purchase or sale of portfolio securities to average value of portfolio securities owned."
       }
      }
     },
     "auth_ref": [
      "r74"
     ]
    },
    "us-gaap_InvestmentTypeAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2025",
     "localname": "InvestmentTypeAxis",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Investment Type [Axis]",
        "documentation": "Information by type of investments."
       }
      }
     },
     "auth_ref": [
      "r1",
      "r2",
      "r3",
      "r4",
      "r5",
      "r6",
      "r7",
      "r8",
      "r9",
      "r10",
      "r11",
      "r12",
      "r13",
      "r14",
      "r15",
      "r16",
      "r24"
     ]
    },
    "us-gaap_InvestmentTypeCategorizationMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2025",
     "localname": "InvestmentTypeCategorizationMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Asset obtained to generate income or appreciate in value."
       }
      }
     },
     "auth_ref": [
      "r1",
      "r2",
      "r3",
      "r4",
      "r5",
      "r6",
      "r7",
      "r8",
      "r9",
      "r10",
      "r11",
      "r12",
      "r13",
      "r14",
      "r15",
      "r16",
      "r24"
     ]
    },
    "country_JP": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/country/2025",
     "localname": "JP",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "JAPAN"
       }
      }
     },
     "auth_ref": []
    },
    "oef_LargestHoldingAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "LargestHoldingAxis",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Largest Holding [Axis]"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "oef_LargestHoldingsDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "LargestHoldingsDomain",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Largest Holdings [Domain]"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "oef_LargestHoldingsTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "LargestHoldingsTableTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Largest Holdings [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "dei_LegalEntityAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "LegalEntityAxis",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportAverageAnnualReturnDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Series [Axis]",
        "documentation": "The set of legal entities associated with a report."
       }
      }
     },
     "auth_ref": []
    },
    "oef_LineGraphAndTableMeasureName": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "LineGraphAndTableMeasureName",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportAverageAnnualReturnDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportLineGraphDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Line Graph and Table Measure Name"
       }
      }
     },
     "auth_ref": [
      "r41"
     ]
    },
    "oef_LineGraphTableTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "LineGraphTableTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Line Graph [Table Text Block]"
       }
      }
     },
     "auth_ref": [
      "r40"
     ]
    },
    "oef_MaterialChngDate": {
     "xbrltype": "dateItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "MaterialChngDate",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Material Change Date"
       }
      }
     },
     "auth_ref": [
      "r45"
     ]
    },
    "oef_MaterialChngDescriptionTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "MaterialChngDescriptionTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Material Change Description [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r45"
     ]
    },
    "oef_MaterialFundChngAdviserTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "MaterialFundChngAdviserTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Material Fund Change Adviser [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r62"
     ]
    },
    "oef_MaterialFundChngExpensesTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "MaterialFundChngExpensesTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Material Fund Change Expenses [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r59"
     ]
    },
    "oef_MaterialFundChngNameTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "MaterialFundChngNameTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Material Fund Change Name [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r57"
     ]
    },
    "oef_MaterialFundChngNoticeTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "MaterialFundChngNoticeTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Material Fund Change Notice [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r31"
     ]
    },
    "oef_MaterialFundChngObjectivesTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "MaterialFundChngObjectivesTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Material Fund Change Objectives [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r58"
     ]
    },
    "oef_MaterialFundChngRisksChngTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "MaterialFundChngRisksChngTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Material Fund Change Risks Change [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r61"
     ]
    },
    "oef_MaterialFundChngStrategiesTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "MaterialFundChngStrategiesTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Material Fund Change Strategies [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r60"
     ]
    },
    "oef_MaterialFundChngTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "MaterialFundChngTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Material Fund Change [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r56"
     ]
    },
    "oef_MaturityAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "MaturityAxis",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Maturity [Axis]"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "oef_MaturityDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "MaturityDomain",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Maturity [Domain]"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "country_NL": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/country/2025",
     "localname": "NL",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "NETHERLANDS"
       }
      }
     },
     "auth_ref": []
    },
    "bmafi_NetOtherAssetsAndLiabilitiesMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://www.bny.com/20250618",
     "localname": "NetOtherAssetsAndLiabilitiesMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Net Other Assets and Liabilities [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "oef_NoDeductionOfTaxesTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "NoDeductionOfTaxesTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "No Deduction of Taxes [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r42"
     ]
    },
    "dei_NoTradingSymbolFlag": {
     "xbrltype": "trueItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "NoTradingSymbolFlag",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "No Trading Symbol Flag",
        "documentation": "Boolean flag that is true only for a security having no trading symbol."
       }
      }
     },
     "auth_ref": []
    },
    "oef_OtherCategory1Axis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "OtherCategory1Axis",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Category 1 [Axis]"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "oef_OtherCategory1Domain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "OtherCategory1Domain",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Category 1 [Domain]"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "oef_OtherCategory2Axis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "OtherCategory2Axis",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Category 2 [Axis]"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "oef_OtherCategory2Domain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "OtherCategory2Domain",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Category 2 [Domain]"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "oef_PctOfNav": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "PctOfNav",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Percent of Net Asset Value"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "oef_PctOfNetLongExposure": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "PctOfNetLongExposure",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Percent of Net Long Exposure"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "oef_PctOfNetShortExposure": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "PctOfNetShortExposure",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Percent of Net Short Exposure"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "oef_PctOfTotalInv": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "PctOfTotalInv",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Percent of Total Investments"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "oef_PctOfTotalLongExposure": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "PctOfTotalLongExposure",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Percent of Total Long Exposure"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "oef_PctOfTotalShortExposure": {
     "xbrltype": "percentItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "PctOfTotalShortExposure",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Percent of Total Short Exposure"
       }
      }
     },
     "auth_ref": [
      "r55"
     ]
    },
    "oef_PerfInceptionDate": {
     "xbrltype": "dateItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "PerfInceptionDate",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Performance Inception Date"
       }
      }
     },
     "auth_ref": [
      "r41"
     ]
    },
    "oef_PerfTableMarketIndexChngdTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "PerfTableMarketIndexChngdTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Performance Table Market Index Changed [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r48"
     ]
    },
    "oef_PerformancePastDoesNotIndicateFuture": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "PerformancePastDoesNotIndicateFuture",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Performance Past Does Not Indicate Future [Text]"
       }
      }
     },
     "auth_ref": [
      "r43",
      "r67"
     ]
    },
    "oef_PreviousInvestmentAdviserTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "PreviousInvestmentAdviserTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Previous Investment Adviser [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r44"
     ]
    },
    "oef_PriorMarketIndexComparisonTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "PriorMarketIndexComparisonTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Prior Market Index Comparison [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r48"
     ]
    },
    "oef_SalesLoadAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "SalesLoadAxis",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportAverageAnnualReturnDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Sales Load [Axis]"
       }
      }
     },
     "auth_ref": [
      "r47"
     ]
    },
    "dei_SecurityExchangeName": {
     "xbrltype": "edgarExchangeCodeItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "SecurityExchangeName",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Security Exchange Name",
        "terseLabel": "Exchange",
        "documentation": "Name of the Exchange on which a security is registered."
       }
      }
     },
     "auth_ref": [
      "r26"
     ]
    },
    "oef_ShareClassDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "ShareClassDomain",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport",
      "http://xbrl.sec.gov/oef/role/ShareholderReportAverageAnnualReturnDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails",
      "http://xbrl.sec.gov/oef/role/ShareholderReportLineGraphDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Share Classes"
       }
      }
     },
     "auth_ref": [
      "r27"
     ]
    },
    "oef_ShareholderReportAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "ShareholderReportAbstract",
     "lang": {
      "en-us": {
       "role": {
        "label": "Shareholder Report [Abstract]"
       }
      }
     },
     "auth_ref": [
      "r47"
     ]
    },
    "oef_ShareholderReportAnnualOrSemiAnnual": {
     "xbrltype": "shareholderReportTypeItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "ShareholderReportAnnualOrSemiAnnual",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Shareholder Report Annual or Semi-Annual"
       }
      }
     },
     "auth_ref": [
      "r29"
     ]
    },
    "oef_ShareholderReportLineItems": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "ShareholderReportLineItems",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/NcsrCover",
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Shareholder Report [Line Items]"
       }
      }
     },
     "auth_ref": [
      "r47"
     ]
    },
    "oef_ShareholderReportTable": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "ShareholderReportTable",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/NcsrCover",
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Shareholder Report [Table]"
       }
      }
     },
     "auth_ref": [
      "r47"
     ]
    },
    "oef_SummaryOfChngLegendTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "SummaryOfChngLegendTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Summary of Change Legend [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r63"
     ]
    },
    "country_TW": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/country/2025",
     "localname": "TW",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "TAIWAN"
       }
      }
     },
     "auth_ref": []
    },
    "dei_TradingSymbol": {
     "xbrltype": "tradingSymbolItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "TradingSymbol",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Trading Symbol",
        "terseLabel": "Ticker",
        "documentation": "Trading symbol of an instrument as listed on an exchange."
       }
      }
     },
     "auth_ref": []
    },
    "country_US": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/country/2025",
     "localname": "US",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "UNITED STATES"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_USTreasurySecuritiesMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2025",
     "localname": "USTreasurySecuritiesMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "US Treasury Securities [Member]",
        "documentation": "This category includes information about debt securities issued by the United States Department of the Treasury and backed by the United States government. Such securities primarily consist of treasury bills (short-term maturities - one year or less), treasury notes (intermediate term maturities - two to ten years), and treasury bonds (long-term maturities - ten to thirty years)."
       }
      }
     },
     "auth_ref": [
      "r17",
      "r18",
      "r20",
      "r21",
      "r22",
      "r23",
      "r73"
     ]
    },
    "oef_UpdPerfInfoLocationTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "UpdPerfInfoLocationTextBlock",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Updated Performance Information Location [Text Block]"
       }
      }
     },
     "auth_ref": [
      "r46"
     ]
    },
    "oef_UpdProspectusEmailAddress": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "UpdProspectusEmailAddress",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Updated Prospectus Email Address"
       }
      }
     },
     "auth_ref": [
      "r63"
     ]
    },
    "oef_UpdProspectusPhoneNumber": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "UpdProspectusPhoneNumber",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Updated Prospectus Phone Number"
       }
      }
     },
     "auth_ref": [
      "r63"
     ]
    },
    "oef_UpdProspectusWebAddress": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "UpdProspectusWebAddress",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReport"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Updated Prospectus Web Address"
       }
      }
     },
     "auth_ref": [
      "r63"
     ]
    },
    "oef_WithSalesLoadMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "WithSalesLoadMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportAverageAnnualReturnDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "With Sales Load [Member]"
       }
      }
     },
     "auth_ref": [
      "r47"
     ]
    },
    "oef_WithoutSalesLoadMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://xbrl.sec.gov/oef/2025",
     "localname": "WithoutSalesLoadMember",
     "presentation": [
      "http://xbrl.sec.gov/oef/role/ShareholderReportAverageAnnualReturnDetails"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Without Sales Load [Member]"
       }
      }
     },
     "auth_ref": [
      "r47"
     ]
    }
   }
  }
 },
 "std_ref": {
  "r0": {
   "role": "http://fasb.org/us-gaap/role/ref/legacyRef",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "SubTopic": "30",
   "Topic": "205",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147479910/205-30-50-1"
  },
  "r1": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(b)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-1"
  },
  "r2": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(c)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-1"
  },
  "r3": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(c)(2)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-1"
  },
  "r4": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "6",
   "Subparagraph": "(a)(1)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-6"
  },
  "r5": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "6",
   "Subparagraph": "(c)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-6"
  },
  "r6": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-12(Column A)(Footnote 1))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-1"
  },
  "r7": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.12-12(Column C)(Footnote 5))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-1"
  },
  "r8": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "2",
   "Subparagraph": "(SX 210.12-12A(Column C)(Footnote 4))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-2"
  },
  "r9": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.12-12B(Column A)(Footnote 7))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-3"
  },
  "r10": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "3",
   "Subparagraph": "(SX 210.12-12B(Column C)(Footnote 2))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-3"
  },
  "r11": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "5D",
   "Subparagraph": "(SX 210.12-13D(Column A)(Footnote 2)(i))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-5D"
  },
  "r12": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "6",
   "Subparagraph": "(SX 210.12-14(Column F)(Footnote 7))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-6"
  },
  "r13": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "7",
   "Subparagraph": "(SX 210.12-15(Column A))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-7"
  },
  "r14": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "7",
   "Subparagraph": "(SX 210.12-15(Column B))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-7"
  },
  "r15": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "7",
   "Subparagraph": "(SX 210.12-15(Column C))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-7"
  },
  "r16": {
   "role": "http://www.xbrl.org/2003/role/disclosureRef",
   "Topic": "946",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "7",
   "Subparagraph": "(SX 210.12-15(Column D))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-7"
  },
  "r17": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "235",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S50",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480738/235-10-S50-1"
  },
  "r18": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "235",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "S99",
   "Paragraph": "1",
   "Subparagraph": "(SX 210.4-08(m)(1)(ii)(A))",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1"
  },
  "r19": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "326",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "15",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147479294/326-20-55-15"
  },
  "r20": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "715",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(d)(ii)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
  },
  "r21": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "715",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "5",
   "Subparagraph": "(c)(ii)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-5"
  },
  "r22": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "715",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "17",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480482/715-20-55-17"
  },
  "r23": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "820",
   "SubTopic": "10",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "100",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-100"
  },
  "r24": {
   "role": "http://www.xbrl.org/2003/role/exampleRef",
   "Topic": "946",
   "SubTopic": "210",
   "Name": "Accounting Standards Codification",
   "Section": "55",
   "Paragraph": "1",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147477439/946-210-55-1"
  },
  "r25": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "b-2"
  },
  "r26": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "d1-1"
  },
  "r27": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "1",
   "Subsection": "a",
   "Paragraph": "1"
  },
  "r28": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "b",
   "Paragraph": "1"
  },
  "r29": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "b",
   "Paragraph": "3"
  },
  "r30": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "b",
   "Paragraph": "4"
  },
  "r31": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "b",
   "Paragraph": "5"
  },
  "r32": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "b",
   "Paragraph": "instruction",
   "Subparagraph": "2"
  },
  "r33": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "c"
  },
  "r34": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "c",
   "Paragraph": "ii"
  },
  "r35": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "c",
   "Paragraph": "iii"
  },
  "r36": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "c",
   "Paragraph": "instruction",
   "Sentence": "1",
   "Clause": "b"
  },
  "r37": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "c",
   "Paragraph": "instruction",
   "Subparagraph": "1",
   "Clause": "c"
  },
  "r38": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "c",
   "Paragraph": "instruction",
   "Subparagraph": "1",
   "Clause": "d"
  },
  "r39": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "d",
   "Paragraph": "1"
  },
  "r40": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "d",
   "Paragraph": "2"
  },
  "r41": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "d",
   "Paragraph": "2",
   "Subparagraph": "i"
  },
  "r42": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "d",
   "Paragraph": "2",
   "Subparagraph": "iii",
   "Clause": "B"
  },
  "r43": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "d",
   "Paragraph": "2",
   "Subparagraph": "iiii",
   "Clause": "A"
  },
  "r44": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "d",
   "Paragraph": "2",
   "Subparagraph": "instruction",
   "Clause": "12"
  },
  "r45": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "d",
   "Paragraph": "2",
   "Subparagraph": "instruction",
   "Clause": "14"
  },
  "r46": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "d",
   "Paragraph": "2",
   "Subparagraph": "instruction",
   "Clause": "15"
  },
  "r47": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "d",
   "Paragraph": "2",
   "Subparagraph": "instruction",
   "Clause": "7"
  },
  "r48": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "d",
   "Paragraph": "2",
   "Subparagraph": "instruction",
   "Clause": "8"
  },
  "r49": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "d",
   "Paragraph": "3"
  },
  "r50": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "d",
   "Paragraph": "4"
  },
  "r51": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "d",
   "Paragraph": "4",
   "Subparagraph": "instruction",
   "Clause": "3"
  },
  "r52": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "d",
   "Paragraph": "4",
   "Subparagraph": "instruction",
   "Clause": "4"
  },
  "r53": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "e"
  },
  "r54": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "e",
   "Paragraph": "instruction",
   "Subparagraph": "6"
  },
  "r55": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "f"
  },
  "r56": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "g"
  },
  "r57": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "g",
   "Paragraph": "1"
  },
  "r58": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "g",
   "Paragraph": "2"
  },
  "r59": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "g",
   "Paragraph": "3"
  },
  "r60": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "g",
   "Paragraph": "4"
  },
  "r61": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "g",
   "Paragraph": "5"
  },
  "r62": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "g",
   "Paragraph": "6"
  },
  "r63": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "g",
   "Paragraph": "instruction",
   "Subparagraph": "2"
  },
  "r64": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "h",
   "Paragraph": "1"
  },
  "r65": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "27A",
   "Subsection": "h",
   "Paragraph": "2"
  },
  "r66": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "3",
   "Subsection": "instruction",
   "Paragraph": "1",
   "Subparagraph": "d",
   "Sentence": "i"
  },
  "r67": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "4",
   "Subsection": "b",
   "Paragraph": "2",
   "Subparagraph": "i"
  },
  "r68": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form N-1A",
   "Section": "4",
   "Subsection": "b",
   "Paragraph": "2",
   "Subparagraph": "iii"
  },
  "r69": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Regulation S-T",
   "Number": "232",
   "Section": "313"
  },
  "r70": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "326",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "5",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147479319/326-20-50-5"
  },
  "r71": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "715",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "1",
   "Subparagraph": "(d)(ii)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
  },
  "r72": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "715",
   "SubTopic": "20",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "5",
   "Subparagraph": "(c)(ii)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-5"
  },
  "r73": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "942",
   "SubTopic": "320",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "2",
   "Subparagraph": "(b)",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147477268/942-320-50-2"
  },
  "r74": {
   "role": "http://www.xbrl.org/2009/role/commonPracticeRef",
   "Topic": "946",
   "SubTopic": "205",
   "Name": "Accounting Standards Codification",
   "Section": "50",
   "Paragraph": "27",
   "Publisher": "FASB",
   "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-27"
  }
 }
}