BNY Mellon Institutional S&P 500 Stock Index Fund
- TICKER DSPIX
- Fund Code 0713
- CUSIP 05589K863
- SHARE CLASS Class I
-
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Why invest in this Fund?
The fund seeks to match the total return of the Standard & Poor's 500 Composite Stock Price Index (the 'Index'). To pursue its goal, the fund normally invests at least 95% of its assets in common stocks included in the Index.
The fund attempts to have a correlation between its performance and that of the S&P 500 Index of at least .95, before expenses. A correlation of 1.00 would mean that the fund and the S&P 500 Index were perfectly correlated.
Morningstar Rating™ as of July 31, 2024 for the Class I class shares; other classes may have different performance characteristics. Overall rating for the Large Blend category. Fund ratings are out of 5 Stars: Overall 4 Stars (1298 funds rated); 3 Yrs. 4 Stars (1298 funds rated); 5 Yrs. 4 Stars (1192 funds rated); 10 Yrs. 4 Stars (895 funds rated).
Portfolio Managers
-
David France, CFA
Portfolio Manager, Mellon Investments Corporation
Managing Fund Since 2020
Joined Firm in 2009
Joined Industry in 1995
-
Todd Frysinger, CFA
Portfolio Manager, Mellon Investments Corporation
Managing Fund Since 2020
Joined Firm in 2000
Joined Industry in 1996
-
Vlasta Sheremeta, CFA
Portfolio Manager, Mellon Investments Corporation
Managing Fund Since 2020
Joined Firm in 2010
Joined Industry in 2010
-
Michael Stoll
Portfolio Manager, Mellon Investments Corporation
Managing Fund Since 2020
Joined Firm in 2005
Joined Industry in 2005
-
Marlene Walker Smith
Portfolio Manager, Mellon Investments Corporation
Managing Fund Since 2020
Joined Firm in 1995
Joined Industry in 1990
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 Institutional S&P 500 Stock Index Fund
DSPIX |
10.00 | 16.55 | 21.89 | 9.36 | 14.77 | 12.93 | 10.28 |
S&P 500® Index
|
10.05 | 16.70 | 22.15 | 9.60 | 15.00 | 13.15 | - |
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 Institutional S&P 500 Stock Index Fund
DSPIX |
4.22 | 15.16 | 24.30 | 9.77 | 14.82 | 12.64 | 10.26 |
S&P 500® Index
|
4.28 | 15.29 | 24.56 | 10.01 | 15.05 | 12.86 | - |
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 S&P 500® Index is widely regarded as the best single gauge of large-cap U.S. equities. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization. Investors cannot invest directly in any index.
Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.
Growth of $10,000 Investment
Past performance is no guarantee of future results.
Historical Performance
Not available for purchase by individual investors.
Past performance is no guarantee of future results.
Yearly Total Return
Yearly
Investment return fluctuates and past performance is no guarantee of future results.
Prospectus Fee Table Expense Ratios
As of 03/01/24 Fee Description | Expense Ratio (%) |
---|---|
Management Fee | 0.20% |
Other Expenses | 0.01% |
Total Expenses | 0.21% |
Expenses Reimbursed | 0.01% |
Net Expenses | 0.20% |
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 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 memebers 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 |
12/19/23 12 Month High Nav |
01/04/24 12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|
DSPIX
|
$61.90 |
$0.63
1.03%
|
$65.91 | $51.34 | 19.33% |
Performance Metrics
Overall Morningstar Rating
MORNINGSTAR CATEGORY Large Blend
Morningstar Rating™ as of 07/31/24 for the Class I shares; other classes may have different performance
characteristics. Overall rating for the Large Blend. Fund ratings are out of 5 Stars: Overall
4 Stars (1298 funds rated); 3 Yrs.
4 Stars (1298 funds rated); 5 Yrs.
4 Stars (1192 funds rated); 10 Yrs.
4 Stars (895 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
47 out of 116 -
3 Year
44 out of 115 -
5 Year
41 out of 113 -
10 Year
28 out of 93
LIPPER CLASSIFICATION S&P 500 Index Funds
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 |
---|---|---|---|---|---|
DSPIX
|
17.84 | -0.22 | 1.00 | 100.00 | 0.40 |
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 S&P 500® 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
Year | Dividend ($) | Capital Gains ($) |
---|---|---|
2024 | 0.3820 | 0.0000 |
2023 | 0.9051 | 13.4322 |
2022 | 0.9483 | 8.7530 |
2021 | 0.9730 | 8.9240 |
2020 | 0.9996 | 2.1346 |
2019 | 1.0210 | 1.9843 |
2018 | 0.9380 | 2.1033 |
2017 | 0.8838 | 0.4685 |
2016 | 0.8431 | 0.4686 |
2015 | 0.8113 | 0.2847 |
There is no guarantee that the fund will distribute any level annually. Capital gains may be short-term, long-term, or both.
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 |
---|---|---|---|---|---|---|---|---|
08/01/24 | 08/02/24 | 08/02/24 | - | 0.1900 | - | 0.0000 | 0.0000 | 0.1900 |
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 |
---|---|---|---|---|---|---|---|---|
05/01/24 | 05/02/24 | 05/02/24 | - | 0.1920 | - | 0.0000 | 0.0000 | 0.1920 |
12/20/23 | 12/21/23 | 12/21/23 | 0.0000 | 0.2330 | 0.0000 | 0.0000 | 13.4322 | 13.6652 |
11/01/23 | 11/02/23 | 11/02/23 | - | 0.2221 | - | 0.0000 | 0.0000 | 0.2221 |
08/01/23 | 08/02/23 | 08/02/23 | - | 0.2200 | - | 0.0000 | 0.0000 | 0.2200 |
05/01/23 | 05/02/23 | 05/02/23 | - | 0.2300 | - | 0.0000 | 0.0000 | 0.2300 |
12/21/22 | 12/22/22 | 12/22/22 | 0.0000 | 0.2303 | 0.0000 | 0.0000 | 8.7530 | 8.9833 |
11/01/22 | 11/02/22 | 11/02/22 | - | 0.2370 | - | 0.0000 | 0.0000 | 0.2370 |
08/01/22 | 08/02/22 | 08/02/22 | - | 0.2500 | - | 0.0000 | 0.0000 | 0.2500 |
05/02/22 | 05/03/22 | 05/03/22 | - | 0.2310 | - | 0.0000 | 0.0000 | 0.2310 |
12/21/21 | 12/22/21 | 12/22/21 | 0.0339 | 0.2211 | 0.0200 | 0.1301 | 8.7739 | 9.1790 |
11/01/21 | 11/02/21 | 11/02/21 | - | 0.2390 | - | 0.0000 | 0.0000 | 0.2390 |
08/02/21 | 08/03/21 | 08/03/21 | - | 0.2380 | - | 0.0000 | 0.0000 | 0.2380 |
See all rows... |
Literature
Factsheet, Prospectus and Reports
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