Historical Prices

Start Date End Date

BNY Mellon Bond Market Index Fund

Overview

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
$2,500
Class Inception Date
04/28/94
Fund Assets
$1,131,073,047  As of  03/27/20
Class Assets
$335,456,746  As of  03/27/20
Portfolio Turnover Rate
125.67%  As of fiscal year end  10/31/19
Morningstar Category
Intermediate Core Bond
Benchmark
Bloomberg Barclays U.S. Aggregate Bond Index
Morningstar Overall Rating
Fund Holdings
2530  As of  02/29/20
Average Effective Maturity
7.97  yr(s).  As of  02/29/20
Average Effective Duration
5.89  yr(s).  As of  02/29/20

Morningstar Rating™ as of February 29, 2020 for the Investor Shares 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 (378 funds rated); 3 Yrs. 3 Stars (378 funds rated); 5 Yrs. 3 Stars (325 funds rated); 10 Yrs. 2 Stars (247 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.

Portfolio Managers

  • Benson, Paul L.

    Paul L. Benson

    CFA, CAIA, Mellon Investments Corporation

    5 yr(s). on fund

  • Rogers, Nancy G.

    Nancy G. Rogers

    Portfolio Manager, Mellon Investments Corporation

    10 yr(s). on fund

  • Shu, Stephanie

    Stephanie Shu

    Portfolio Manager, Mellon Investments Corporation

    5 yr(s). on fund

Performance

Average Annual Returns

Month End

As of  02/29/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Bond Market Index Fund
DBMIX
 11.31 4.58 3.13 3.45 5.02 04/28/94
Bloomberg Barclays U.S. Aggregate Bond Index
 11.68 5.01 3.58 3.93 - -

Quarter End

As of  12/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Bond Market Index Fund
DBMIX
 8.12 3.58 2.57 3.26 4.89 04/28/94
Bloomberg Barclays U.S. Aggregate Bond Index
 8.72 4.03 3.05 3.75 - -

Cumulative Returns

Month End

As of  02/29/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Bond Market Index Fund
DBMIX
 11.31 14.39 16.64 40.43 254.13 04/28/94
Bloomberg Barclays U.S. Aggregate Bond Index
 11.68 15.80 19.21 47.07 - -

Quarter End

As of  12/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Bond Market Index Fund
DBMIX
 8.12 11.13 13.51 37.77 241.13 04/28/94
Bloomberg Barclays U.S. Aggregate Bond Index
 8.72 12.58 16.20 44.45 - -

DUE TO HIGH MARKET VOLATILITY IN MARCH 2020, CURRENT PERFORMANCE MAY BE LOWER THAN THE FIGURES SHOWN.


The Bloomberg Barclays U.S. Aggregate Total Return Index is designed to measure the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, mortgage-backed pass-through securities (agency fixed-rate), commercial mortgage-backed securities (agency and non-agency) and other asset-backed securities having at least one year until final maturity. To be included in the index, securities must be rated investment grade (Baa3/BBB-/BBB- or higher) using the middle rating of Moody’s, S&P and Fitch. Investors cannot invest directly in an index.

Growth of $10,000 Investment

Historical Performance

    Monthly

    Fund 02/20 01/20 12/19 11/19 10/19 09/19 08/19 07/19 06/19 05/19 04/19 03/19
    DBMIX
    		 2.41% 2.37% 2.43% 2.47% 2.45% 2.50% 2.46% 2.56% 2.60% 2.61% 2.66% 2.62%

    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.

    Yearly

    Fund 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
    DBMIX
    		 8.12% -0.30% 3.09% 2.08% 0.06% 5.56% -2.59% 3.69% 7.42% 5.99%

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

    Fees & Expenses

    Prospectus Fee Table Expense Ratios

    As of  02/28/20 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%
    Total Expenses is the total annual operating expense ratio for the fund, before any fee waivers or expense reimbursements. Net Expenses is the total annual operating expense ratio for the fund, after any applicable fee waivers or expense reimbursements. The Total Expenses, or Net Expenses (if including fee waivers or expense reimbursements) is the actual fund expense ratio applicable to investors.
    The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has agreed in its investment management agreement with the fund to: (1) pay all of the fund's expenses, except management fees, Rule 12b-1 fees and certain other expenses, including the fees and expenses of the non-interested board members and their counsel, and (2) reduce its fees pursant to the investment management agreement in an 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). These provisions in the investment management agreement may not be amended without the approval of the fund's shareholders.
    Portfolio

    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  02/29/20   Holdings % Portfolio  Weight
    GNMA, 3.5%, 03/20/2050 1.21
    FNMA, 3.5%, 03/01/2050 1.00
    GNMA, 3%, 03/20/2050 0.87
    FNMA, 4%, 03/01/2050 0.67
    U.S. Treasury Notes, 2%, 11/15/2026 0.50
    U.S. Treasury Notes, 2.875%, 05/15/2028 0.46
    United States Treasury Note/Bond, 2.625%, 02/15/2029 0.41
    U.S. Treasury Notes, 2.25%, 08/15/2027 0.40
    U.S. Treasury Notes, 2.375%, 04/15/2021 0.38
    FNMA, 3%, 03/01/2050 0.38

    Asset Allocation

        Stats & Risks

        Daily Statistics

        As of  03/27/20 Name 30-Day Sec Yield 
        (WITHOUT WAIVER)        		 30-Day Sec Yield 
        (WITH WAIVER)        		 NAV Change 03/09/20  12 Month 
        High Nav        		 04/16/19  12 Month 
        Low Nav        		 YTD Return
        DBMIX
        		 1.51% 1.51% $10.84
        $0.09
        0.84%
        		 $11.09 $10.16 3.23%

        Performance Metrics

        Overall Morningstar Rating

        MORNINGSTAR CATEGORY Intermediate Core Bond

        Morningstar Rating™ as of 02/29/20 for the Investor Shares 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 (950 funds rated); 3 Yrs. 3 Stars (378 funds rated); 5 Yrs. 3 Stars (325 funds rated); 10 Yrs. 2 Stars (247 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
          233 out of 513
        • 3 Year
          269 out of 455
        • 5 Year
          266 out of 393
        • 10 Year
          236 out of 296

        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  02/29/20, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DBMIX
        		 3.17 -0.41 1.00 99.29 0.89
        Distributions

        Dividend Schedule

        Declared
        Daily
        Distributed
        Monthly
        Paid
        Monthly
        Fiscal Year End
        Oct 31
        Annualized Distribution Rate
        2.41%
        As of  02/2020
        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 ($)
        02/2020 0.020209919
        01/2020 0.021698567
        12/2019 0.022485484
        11/2019 0.020804049
        10/2019 0.022129930
        09/2019 0.022578058
        08/2019 0.021651628
        07/2019 0.024283220
        06/2019 0.020863999
        05/2019 0.023014808
        04/2019 0.023798459
        03/2019 0.021341411
        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
        Literature