BNY Mellon Bond Market Index Fund

Why invest in this Fund?

The fund seeks to match the total return of the Bloomberg Barclays U.S. Aggregate Index (the 'Index'). Accordingly, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in bonds that are included in the Index.

To maintain liquidity, the fund may invest up to 20% of its assets in various short-term, fixed-income securities and money market instruments. The fund's investments are selected by a "sampling" process, a statistical process used to select bonds.

Min. class investment
$1,000
Class Inception Date
11/30/93
Class Status
Not available for purchase by individual investors.
Fund Assets
$1,153,277,036  As of  10/18/19
Class Assets
$810,038,524  As of  10/18/19
Portfolio Turnover Rate
156.30%  As of fiscal year end  10/31/18
Morningstar Category
Intermediate Core Bond
Benchmark
Bloomberg Barclays U.S. Aggregate Bond Index
Morningstar Overall Rating
Fund Holdings
2459  As of  09/30/19
Average Effective Maturity
7.86  yr(s).  As of  09/30/19
Average Effective Duration
5.75  yr(s).  As of  09/30/19

Morningstar Rating™ as of September 30, 2019 for the Class I class shares; other classes may have different performance characteristics. Overall rating for the Intermediate Core Bond category. Fund ratings are out of 5 Stars: Overall 3 Stars (356 funds rated); 3 Yrs. 3 Stars (356 funds rated); 5 Yrs. 3 Stars (312 funds rated); 10 Yrs. 3 Stars (238 funds rated). The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance (not including the effects of sales charges, loads and redemption fees if applicable), placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. ©2018 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.


As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Bond Market Index Fund
DBIRX
10.20 2.73 3.18 3.51 4.99 11/30/93
Bloomberg Barclays U.S. Aggregate Bond Index
10.30 2.92 3.38 3.75 - -
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Bond Market Index Fund
DBIRX
10.20 2.73 3.18 3.51 4.99 11/30/93
Bloomberg Barclays U.S. Aggregate Bond Index
10.30 2.92 3.38 3.75 - -
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Bond Market Index Fund
DBIRX
10.20 8.41 16.96 41.20 251.70 11/30/93
Bloomberg Barclays U.S. Aggregate Bond Index
10.30 9.03 18.07 44.48 - -
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Bond Market Index Fund
DBIRX
10.20 8.41 16.96 41.20 251.70 11/30/93
Bloomberg Barclays U.S. Aggregate Bond Index
10.30 9.03 18.07 44.48 - -
The Bloomberg Barclays U.S. Aggregate Bond Index is a broad-based flagship benchmark that measures the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related andcorporate securities, MBS (agency fixed-rate and hybrid ARM pass-throughs), ABS and CMBS (agency and nonagency).

Growth of $10,000 Investment

Historical Performance

    Not available for purchase by individual investors.
    Fund 09/19 08/19 07/19 06/19 05/19 04/19 03/19 02/19 01/19 12/18 11/18 10/18
    DBIRX
    2.75% 2.70% 2.81% 2.85% 2.86% 2.91% 2.87% 3.04% 2.87% 2.89% 2.93% 2.89%

    Yield fluctuates and past performance is no guarantee of future results.

    Monthly yield history is the annualized distribution rate that is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.

    Fund 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
    DBIRX
    -0.14% 3.35% 2.33% 0.40% 5.72% -2.34% 3.94% 7.69% 6.25% 4.74%

    Investment return fluctuates and past performance is no guarantee of future results.


    Prospectus Fee Table Expense Ratios

    As of  03/01/19 Fee Description Expense Ratio (%)
    Management Fee 0.15%
    Other Expenses 0.01%
    Total Expenses 0.16%
    Expenses Reimbursed 0.01%
    Net Expenses 0.15%
    BNY Mellon Investment Adviser, Inc. has agreed to pay all of the fund's expenses, except management fees, 12b-1 fees and certain other expenses, including fees and expenses of the non-interested board members and their counsel. BNY Mellon Investment Adviser, Inc. has further agreed to reduce its fees in the amount equal to the fund's allocable portion of the fees and expenses of the non-interested board members and their counsel (in the amount of .01% for the past fiscal year).

    Portfolio Manager/Sub-Investment Advisor

    The investment adviser for the fund is BNY Mellon Investment Adviser, Inc. Paul Benson, CFA, CAIA, Nancy Rogers, CFA and Stephanie Shu, CFA, are the fund's primary portfolio managers, positions they have held since October 2015, February 2010 and October 2015, respectively. Mr. Benson is Managing Director and Head of Fixed Income Index and Multi-Factor Fixed Income at Mellon Investments Corporation (Mellon), an affiliate of BNY Mellon Investment Adviser, Inc. Ms. Rogers is a Director and Senior Portfolio Manager at Mellon. Ms. Shu is a Director and Senior Portfolio Manager at Mellon. Mellon investment professionals manage the fund in their capacity as employees of BNY Mellon Investment Adviser, Inc.

    Top Holdings

    As of  09/30/19   Holdings % Portfolio  Weight
    Fannie Mae, 3.5%, 10/01/2049 1.34
    Ginnie Mae, 3.5%, 10/20/2049 1.32
    Fannie Mae, 4%, 10/01/2049 0.99
    Ginnie Mae, 3%, 10/20/2049 0.78
    Ginnie Mae, 4%, 10/20/2049 0.57
    U.S. Treasury Note, 2.75%, 02/15/2028 0.49
    U.S. Treasury Notes, 2%, 11/15/2026 0.48
    U.S. Treasury Notes, 2.875%, 05/15/2028 0.44
    United States Treasury Note/Bond, 2.25%, 02/15/2027 0.40
    United States Treasury Note/Bond, 2.125%, 12/31/2022 0.37

    Asset Allocation


        Daily Statistics

        As of  10/18/19 Name 30-Day Sec Yield 
        (Unsubsidized)
        30-Day Sec Yield 
        (Subsidized)
        NAV Change 09/04/19  12 Month 
        High Nav
        11/02/18  12 Month 
        Low Nav
        YTD Return
        DBIRX
        2.14% 2.14% $10.60
        $0.01
        0.09%
        $10.75 $9.80 8.21%

        Performance Metrics

        Overall Morningstar Rating


        MORNINGSTAR CATEGORY Intermediate Core Bond


        Morningstar Rating™ as of 09/30/19 for the Class I shares; other classes may have different performance characteristics. Overall rating for the Intermediate Core Bond. Fund ratings are out of 5 Stars: Overall 3 Stars (906 funds rated); 3 Yrs. 3 Stars (356 funds rated); 5 Yrs. 3 Stars (312 funds rated); 10 Yrs. 3 Stars (238 funds rated).
        The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance (not including the effects of sales charges, loads and redemption fees if applicable), placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. © Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.

        Lipper Rankings

        • 1 Year
          160 out of 512
        • 3 Year
          274 out of 451
        • 5 Year
          177 out of 385
        • 10 Year
          218 out of 298

        LIPPER CLASSIFICATION Core Bond Funds


        Lipper Category returns and rankings are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns. Rankings do not reflect sales loads

        Main Risks

        Bonds are subject to interest rate, credit, liquidity, call and market risks, to varying degrees. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines.

        The fund uses an indexing strategy. It does not attempt to manage market volatility, use defensive strategies or reduce the effects of any long-term periods of poor stock performance.

        Risk Metrics

        As of  09/30/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DBIRX
        3.42 -0.22 1.02 99.44 0.34

        Dividend Schedule

        Declared
        Daily
        Distributed
        Monthly
        Paid
        Monthly
        Fiscal Year End
        Oct 31
        Annualized Distribution Rate
        2.75%
        As of  09/2019
        Annualized distribution rate is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.
        Month/Year Dividend ($)
        09/2019 0.024844154
        08/2019 0.023847311
        07/2019 0.026656827
        06/2019 0.022866554
        05/2019 0.025198609
        04/2019 0.026038904
        03/2019 0.023359142
        02/2019 0.023435623
        01/2019 0.024634758
        12/2018 0.024639798
        11/2018 0.023760154
        10/2018 0.025689137
        All figures as of month-end. Dividend history does not reflect any capital gains that may have been paid.

        Distributions History

        (Values Listed In $) Ordinary 
        Non-Qualified 
        Dividends
        Qualified 
        Dividends
        Non-Qualified 
        Short-Term 
        Capital Gain
        Qualified 
        Short-Term 
        Capital Gain
        Long-Term 
        Capital Gain
        Total 
        Distribution
        Reinvest 
        NAV
        DBIRX
        0.0000 0.0000 0.0031 0.0000 0.0000 0.0031 9.98
        Record Date Ex-Dividend Date Payable Date
        DBIRX
        12/17/18 12/18/18 12/18/18
        (Values Listed In $) Distribution Status Ordinary 
        Non-Qualified 
        Dividends
        Qualified 
        Dividends
        Non-Qualified 
        Short-Term 
        Capital Gain
        Qualified 
        Short-Term 
        Capital Gain
        Long-Term 
        Capital Gain
        Total 
        Distribution
        Reinvest 
        NAV
        DBIRX
        Final 0.0000 0.0000 0.0031 0.0000 0.0000 0.0031 9.98
        Record Date Ex-Dividend Date Payable Date
        DBIRX
        12/17/18 12/18/18 12/18/18