Please ensure Javascript is enabled for purposes of website accessibility

    BNY Mellon Bond Market Index Fund

    Overview

    Why invest in this Fund?

    The fund seeks to match the total return of the Bloomberg U.S. Aggregate Bond 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
    $662,027,537  As of  03/24/23
    Class Assets
    $228,127,621  As of  03/24/23
    Portfolio Turnover Rate
    248.23% As of fiscal year end  10/31/22
    Morningstar Category
    Intermediate Core Bond
    Benchmark
    Bloomberg U.S. Aggregate Bond Index
    Fund Holdings
    2616 As of 02/28/23
    AVERAGE EFFECTIVE MATURITY
    8.54 yr(s).  As of  02/28/23
    AVERAGE EFFECTIVE DURATION
    6.28 yr(s).   As of  02/28/23

    Morningstar Rating™ as of February 28, 2023 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 2 Stars (407 funds rated); 3 Yrs. 2 Stars (407 funds rated); 5 Yrs. 2 Stars (374 funds rated); 10 Yrs. 2 Stars (277 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.

     

    Portfolio Managers

    • Nancy G. Rogers

      Nancy G. Rogers, CFA

      Portfolio Manager, Mellon Investments Corporation

      13 yr(s). on fund
    • Gregory A. Lee

      Gregory A. Lee, CFA

      Portfolio Manager, Mellon Investments Corporation

      1 yr(s). on fund
    Performance

    Total Returns

    Month End

    Average Annual
    As of 02/28/23
    Name 3 MO
    02/28/23     		YTD
    02/28/23     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Bond Market Index Fund
    DBMIX
    		-0.19 0.59 -10.12 -4.16 0.11 0.68 4.02
    Bloomberg U.S. Aggregate Bond Index
    		-0.04 0.41 -9.72 -3.77 0.53 1.12 -

    Quarter End

    Average Annual
    As of 12/31/22
    Name 3 MO
    12/31/22     		YTD
    12/31/22     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Bond Market Index Fund
    DBMIX
    		1.48 -13.62 -13.62 -3.15 -0.41 0.59 4.02
    Bloomberg U.S. Aggregate Bond Index
    		1.87 -13.01 -13.01 -2.71 0.02 1.06 -

    The Bloomberg 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

      Yearly

      Fees & Expenses

      Prospectus Fee Table Expense Ratios

      As of  03/01/23 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 Adviser

      The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). Nancy Rogers, CFA and Gregg Lee, CFA are the fund's primary portfolio managers, positions they have held since February 2010 and October 2021, respectively. Ms. Rogers is a managing director and Head of Fixed Income Index portfolio management at Mellon Investments Corporation (Mellon), an affiliate of BNYM Investment Adviser. Mr. Lee is a senior portfolio manager and director at Mellon. Ms. Rogers and Mr. Lee also are employees of BNYM Investment Adviser.

      Top Holdings

      Download Total Holdings
      As of 02/28/23

      Asset Allocation

          Stats & Risks

          Daily Statistics

          As of 03/24/23 Name 30-Day Sec Yield
          (WITHOUT WAIVER)           		30-Day Sec Yield
          (WITH WAIVER)           		NAV Change 04/04/22  12 Month 
          High Nav           		10/24/22  12 Month 
          Low Nav           		YTD Return
          DBMIX
          		3.82% 3.82% $9.17
          $0.00
          0.00%
          		$9.85 $8.60 3.49%

          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.
          Recent market risks include pandemic risks related to COVID-19. The effects of COVID-19 have contributed to increased volatility in global markets and will likely affect certain countries, companies, industries and market sectors more dramatically than others. To the extent the fund may overweight its investments in certain countries, companies, industries or market sectors, such positions will increase the fund's exposure to risk of loss from adverse developments affecting those countries, companies, industries or sectors.

          Risk Metrics

          As of  02/28/23  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DBMIX
          		6.11 -0.38 1.00 99.61 -0.83

          All risk metrics are provided by Morningstar. The index used in the calculations are determined by Morningstar which may not be the funds primary benchmark. The index Morningstar used for this analysis is Bloomberg U.S. Aggregate Bond Index.


          Distributions

          Dividend Schedule

          Declared
          Daily
          Distributed
          Monthly
          Paid
          Monthly
          Fiscal Year End
          Oct 31
          Annualized Distribution Rate
          2.98%
          As of  02/2023
          Month/Year Dividend ($)
          02/2023 0.020430277
          01/2023 0.022369465
          12/2022 0.020516608
          11/2022 0.020336210
          10/2022 0.020098631
          09/2022 0.018830123
          08/2022 0.019827823
          07/2022 0.016832924
          06/2022 0.017000060
          05/2022 0.017325277
          04/2022 0.014414794
          03/2022 0.014879826

          Distributions History

          Record Date Ex-Dividend Date Payable Date 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
          12/14/21 12/15/21 12/15/21 0.0000 0.0000 0.0039 0.0000 0.0915 0.0954 10.57
          Record Date Ex-Dividend Date Payable Date 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
          12/14/20 12/15/20 12/15/20 0.0000 0.0000 0.0000 0.0000 0.0444 0.0444 -
          12/17/18 12/18/18 12/18/18 0.0000 0.0000 0.0031 0.0000 0.0000 0.0031 -
          12/19/17 12/20/17 12/20/17 0.0000 0.0000 0.0061 0.0000 0.0000 0.0061 -
          12/19/16 12/20/16 12/20/16 0.0000 0.0000 0.0292 0.0000 0.0210 0.0502 -
          12/18/15 12/21/15 12/21/15 0.0000 0.0000 0.0422 0.0000 0.0069 0.0491 -
          12/19/14 12/22/14 12/22/14 0.0000 0.0000 0.0336 0.0000 0.0502 0.0838 -
          12/19/13 12/20/13 12/20/13 0.0000 0.0000 0.0050 0.0000 0.1373 0.1423 -
          12/20/12 12/21/12 12/21/12 0.0000 0.0000 0.0000 0.0000 0.0250 0.0250 -
          12/16/04 12/17/04 12/17/04 0.0000 0.0000 0.0000 0.0000 0.0127 0.0127 -
          12/18/03 12/19/03 12/19/03 0.0000 0.0000 0.0000 0.0000 0.0469 0.0469 -
          11/30/98 12/01/98 12/01/98 0.0000 0.0000 0.0175 0.0000 0.0000 0.0700 -
          11/26/97 11/28/97 11/28/97 0.0000 0.0000 0.0270 0.0000 0.0000 0.0520 -
          See all rows...
          Literature

          Literature

          Factsheet, Prospectus and Reports

          • Download
          • Share
          • Subscribe
          • Order
          Factsheet Download
          Prospectus Download
          Summary Prospectus Download
          SAI Download
          Annual Report Download
          Semi Annual Report Download
          1Q Fiscal Holdings Download
          3Q Fiscal Holdings Download