BNY Mellon Bond Market Index Fund
- TICKER DBMIX
- Fund Code 0310
- CUSIP 05589K848
- SHARE CLASS
-
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Why invest in this Fund?
Yields and Expense Ratio
30-DAY SEC YIELD as of 08/30/24 |
ANNUALIZED DISTRIBUTION RATE as of 07/31/24 |
PROSPECTUS FEE TABLE EXPENSE RATIO (%) as of 03/01/24 |
|||
---|---|---|---|---|---|
Subsidized | Unsubsidized | Net | Gross | Contractual Fee Waiver End Date |
|
3.78 | 3.78 | 3.45 | 0.40 | 0.41 | - |
Yield fluctuates and past performance is no guarantee of future results.
The SEC 30-day Yield is calculated by dividing the net investment income per share earned during the period (calculated in accordance with regulatory guidelines) by the maximum offering price per share on the last day of the period.
Unsubsidized yield displays what the fund's 30-Day SEC Yield would have been had no fee waiver or expense reimbursement been in place during the period.
Portfolio Turnover Rate - It is a measure of how quickly securities in a fund are either bought or sold by the fund's managers, over a given period of time.
Average Effective Maturity (AEM) - is a measure of maturity that takes into account the possibility that a bond might be called back by the issuer. For a portfolio of bonds, average effective maturity is the weighted average of the maturities of the underlying bonds.
Average Effective Duration - It is used to measure the market price sensitivity of the fund’s portfolio holdings to changes in interest-rates. Duration is not a complete measure of bond risk and may not be successful.
Portfolio Turnover Rate - It is a measure of how quickly securities in a fund are either bought or sold by the fund's managers, over a given period of time.
Average Effective Maturity (AEM) - is a measure of maturity that takes into account the possibility that a bond might be called back by the issuer. For a portfolio of bonds, average effective maturity is the weighted average of the maturities of the underlying bonds.
Average Effective Duration - It is used to measure the market price sensitivity of the fund’s portfolio holdings to changes in interest-rates. Duration is not a complete measure of bond risk and may not be successful.
Portfolio Managers
-
Nancy G. Rogers, CFA
Portfolio Manager, Mellon Investments Corporation
Managing Fund Since 2010
Joined Firm in 1987
Joined Industry in 1987
-
Gregg A. Lee, CFA
Portfolio Manager, Mellon Investments Corporation
Managing Fund Since 2021
Joined Firm in 1989
Joined Industry in 1989
Total Returns
Month End
Average Annual As of 07/31/24 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 07/31/24 |
YTD 07/31/24 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Bond Market Index Fund
DBMIX |
5.07 | 1.57 | 4.71 | -3.08 | -0.25 | 1.17 | 4.03 |
Bloomberg U.S. Aggregate Bond Index
|
5.06 | 1.61 | 5.10 | -2.63 | 0.19 | 1.61 | - |
Quarter End
Average Annual As of 06/30/24 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 06/30/24 |
YTD 06/30/24 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Bond Market Index Fund
DBMIX |
0.10 | -0.74 | 2.26 | -3.48 | -0.64 | 0.91 | 3.97 |
Bloomberg U.S. Aggregate Bond Index
|
0.07 | -0.71 | 2.63 | -3.02 | -0.23 | 1.35 | - |
The performance data quotes 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 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.
When applicable, returns reflect a contractual expense reduction, without which returns would have been lower. Please see contractual expense reduction information, if any, in the Prospectus Fee Table below.
Growth of $10,000 Investment
Past performance is no guarantee of future results.
Historical Performance
Past performance is no guarantee of future results.
Monthly
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
Prospectus Fee Table Expense Ratios
As of 03/01/24 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% |
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 Manager/Sub-Investment Adviser
Asset Allocation
Daily Statistics
As of 08/30/24 Name | NAV | Change |
08/23/24 12 Month High Nav |
10/19/23 12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|
DBMIX
|
$9.14 |
-$0.03
-0.33%
|
$9.20 | $8.39 | 2.89% |
Past performance is no guarantee of future results.
Main Risks
The fund uses an indexing strategy. It does not attempt to manage market volatility, use defensive strategies or reduce the effects of any long-term periods of poor stock performance.
Risk Metrics
As of 07/31/24 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
---|---|---|---|---|---|
DBMIX
|
7.52 | -0.47 | 1.00 | 99.83 | -0.87 |
All risk metrics are provided by Morningstar. The index used in the calculations are determined by Morningstar which may not be the funds primary benchmark. The index Morningstar used for this analysis is Bloomberg U.S. Aggregate Bond Index.
Alpha - Alpha is a measure of a security's or portfolio's excess return.
Beta - Beta is a measure of a security’s or portfolio’s volatility, or systematic risk.
R-Squared - R-squared is a statistical measure that represents the percentage of a fund’s or security’s movements that are explained by movements in a benchmark index.
Sharpe Ratio - Sharpe ratio is a risk-adjusted measure that measures reward per unit of risk. The higher the Sharpe ratio, the better.
Standard Deviation - Standard deviation is a statistical measure of the degree to which an individual portfolio return tends to vary from the mean, based on the entire population. The greater the degree of dispersion, the greater the degree of risk. In mutual funds, the standard deviation tells us how much the return on the fund is deviating from the expected normal returns.
Dividend Schedule
Annualized distribution rate is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.
Month/Year | Dividend ($) |
---|---|
07/2024 | 0.026484229 |
06/2024 | 0.024116957 |
05/2024 | 0.028039923 |
04/2024 | 0.025364207 |
03/2024 | 0.025684331 |
02/2024 | 0.024025450 |
01/2024 | 0.024190268 |
12/2023 | 0.025708830 |
11/2023 | 0.024016395 |
10/2023 | 0.025204234 |
09/2023 | 0.022813863 |
08/2023 | 0.023867413 |
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 |
---|---|---|---|---|---|---|---|---|
12/14/21 | 12/15/21 | 12/15/21 | 0.0000 | 0.0000 | 0.0039 | 0.0000 | 0.0915 | 0.0954 |
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 |
---|---|---|---|---|---|---|---|---|
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 |
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Literature
Factsheet, Prospectus and Reports
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