Dreyfus 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
04/28/94
Fund Assets
$1,129,230,244  As of  03/21/19
Class Assets
$394,991,113  As of  03/21/19
Portfolio Turnover Rate
156.30%  As of fiscal year end  10/31/18
Morningstar Category
Intermediate-Term Bond
Benchmark
Bloomberg Barclays U.S. Aggregate Bond Index
Fund Holdings
2381  As of  02/28/19
Average Effective Maturity
8.21  yr(s).  As of  02/28/19
Average Effective Duration
5.91  yr(s).  As of  02/28/19

Morningstar Rating™ as of February 28, 2019 for the Investor Shares class shares; other classes may have different performance characteristics. Overall rating for the Intermediate-Term Bond category. Fund ratings are out of 5 Stars: Overall 2 Stars (879 funds rated); 3 Yrs. 2 Stars (879 funds rated); 5 Yrs. 2 Stars (767 funds rated); 10 Yrs. 2 Stars (564 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  02/28/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Bond Market Index Fund
DBMIX
2.63 1.22 1.83 3.13 4.77 04/28/94
Bloomberg Barclays U.S. Aggregate Bond Index
3.17 1.69 2.32 3.71 - -
As of  12/31/18 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Bond Market Index Fund
DBMIX
-0.30 1.61 2.08 2.90 4.77 04/28/94
Bloomberg Barclays U.S. Aggregate Bond Index
0.01 2.06 2.52 3.48 - -
As of  02/28/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Bond Market Index Fund
DBMIX
2.63 3.71 9.50 36.10 218.15 04/28/94
Bloomberg Barclays U.S. Aggregate Bond Index
3.17 5.16 12.13 43.97 - -
As of  12/31/18 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Bond Market Index Fund
DBMIX
-0.30 4.92 10.82 33.14 215.51 04/28/94
Bloomberg Barclays U.S. Aggregate Bond Index
0.01 6.30 13.26 40.75 - -

The performance data quoted represents past performance, which is no guarantee of future results. Yield, share price and investment return fluctuate and an investor’s shares may be worth more or less than original cost upon redemption. Current performance may be lower or higher than the performance quoted. Click above for month-end returns.

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

    Fund 02/19 01/19 12/18 11/18 10/18 09/18 08/18 07/18 06/18 05/18 04/18 03/18
    DBMIX
    2.79% 2.62% 2.65% 2.68% 2.64% 2.57% 2.49% 2.48% 2.50% 2.46% 2.47% 2.42%

    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
    DBMIX
    -0.30% 3.09% 2.08% 0.06% 5.56% -2.59% 3.69% 7.42% 5.99% 4.48%

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


    Monthly Expense Ratios (Annualized)

    As of  02/28/19 Fee Description Expense Ratio (%)
    Management Fee 0.15%
    12B-1 Fee 0.25%
    Total Expenses 0.40%

    This data is annualized.  Monthly operating expenses may vary month to month.

    Prospectus Fee Table Expense Ratios

    As of  03/01/19 Fee Description Expense Ratio (%)
    Management Fee 0.15%
    12B-1 Fee 0.25%
    Other Expenses 0.01%
    Total Expenses 0.41%
    Expenses Reimbursed 0.01%
    Net Expenses 0.40%

    Portfolio Manager/Sub-Investment Advisor

    The investment adviser for the fund is The Dreyfus Corporation (Dreyfus). 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 Dreyfus. Ms. Rogers is a Director and Senior Portfolio Manager at Mellon. Ms. Shu is a Director and Senior Portfolio Manager at Mellon. Mr. Benson, Ms. Shu and Ms. Rogers are also employees of Dreyfus. Mellon investment professionals manage Dreyfus-managed funds pursuant to a dual-employee arrangement, under Dreyfus' supervision, and apply Mellon's proprietary investment process in managing the funds.

    Top Holdings

    As of  02/28/19   Holdings % Portfolio  Weight
    Ginnie Mae, 3.5%, 03/20/2049 1.52
    Ginnie Mae, 3%, 03/20/2049 0.90
    Fannie Mae, 3.5%, 03/01/2049 0.82
    Fannie Mae, 4%, 03/01/2049 0.80
    Ginnie Mae, 4%, 03/20/2049 0.58
    United States Treasury Note/Bond, 1.625%, 02/15/2026 0.55
    Freddie Mac, 3.5%, 03/01/2049 0.55
    United States Treasury Note/Bond, 2.25%, 11/15/2025 0.47
    U.S. Treasury Note, 2.75%, 02/15/2028 0.46
    United States Treasury Note/Bond, 2.25%, 02/15/2027 0.44

    Asset Allocation


        Daily Statistics

        As of  03/21/19 Name 1-DAY YIELD 30-DAY YIELD 
        (UNSUBSIDIZED)
        30-DAY YIELD 
        (SUBSIDIZED)
        NAV Change 03/21/19  12 Month 
        High Nav
        11/02/18  12 Month 
        Low Nav
        YTD Return
        DBMIX
        2.67% - 2.68% $10.16
        $0.00
        0.00%
        $10.16 $9.80 1.99%

        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  02/28/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DBMIX
        2.83 -0.46 1.00 99.57 0.01

        Dividend Schedule

        Declared
        Daily
        Distributed
        Monthly
        Paid
        Monthly
        Fiscal Year End
        Oct 31
        Annualized Distribution Rate
        2.79%
        As of  02/2019
        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 ($)
        02/2019 0.021495523
        01/2019 0.022500300
        12/2018 0.022522130
        11/2018 0.021745979
        10/2018 0.023423913
        09/2018 0.019545140
        08/2018 0.021214321
        07/2018 0.021664264
        06/2018 0.019862602
        05/2018 0.020995108
        04/2018 0.021642539
        03/2018 0.019361684
        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
        DBMIX
        0.0000 0.0000 0.0031 0.0000 0.0000 0.0031 9.98
        Record Date Ex-Dividend Date Payable Date
        DBMIX
        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
        DBMIX
        Final 0.0000 0.0000 0.0031 0.0000 0.0000 0.0031 9.98
        Record Date Ex-Dividend Date Payable Date
        DBMIX
        12/17/18 12/18/18 12/18/18