Historical Prices

Start Date End Date

BNY Mellon Institutional S&P 500 Stock Index Fund

  • TICKER DSPIX
  • Fund Code 0713
  • CUSIP 05589K863
  • SHARE CLASS Class I
Overview

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.

Min. class investment
$1,000
Class Inception Date
09/30/93
Class Status
Not available for purchase by individual investors.
Fund Assets
$2,843,753,897  As of  09/22/20
Class Assets
$2,843,753,897  As of  09/22/20
Portfolio Turnover Rate
4.53%  As of fiscal year end  10/31/19
Morningstar Category
Large Blend
Benchmark
S&P 500(r) Index
Morningstar Overall Rating
Fund Holdings
507  As of  08/31/20

Morningstar Rating™ as of August 31, 2020 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 (1223 funds rated); 3 Yrs. 4 Stars (1223 funds rated); 5 Yrs. 4 Stars (1061 funds rated); 10 Yrs. 4 Stars (812 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

  • Durante, Thomas

    Thomas Durante

    Portfolio Manager, Mellon Investments Corporation

    18 yr(s). on fund

  • Brown, Richard A.

    Richard A. Brown

    Portfolio Manager, Mellon Investments Corporation

    10 yr(s). on fund

  • Wong, Karen Q.

    Karen Q. Wong

    CFA, Managing Director, Head of Equity Portfolio Management, Mellon Investments Corporation

    10 yr(s). on fund

Performance

Average Annual Returns

Month End

As of  08/31/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Institutional S&P 500 Stock Index Fund
DSPIX
 21.75 14.31 14.24 14.96 9.76 09/30/93
S&P 500(r) Index
 21.94 14.52 14.46 15.16 - -

Quarter End

As of  06/30/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Institutional S&P 500 Stock Index Fund
DSPIX
 7.32 10.53 10.52 13.78 9.32 09/30/93
S&P 500(r) Index
 7.51 10.73 10.73 13.99 - -

Cumulative Returns

Month End

As of  08/31/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Institutional S&P 500 Stock Index Fund
DSPIX
 21.75 49.35 94.60 303.15 1,128.09 09/30/93
S&P 500(r) Index
 21.94 50.17 96.47 310.38 - -

Quarter End

As of  06/30/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Institutional S&P 500 Stock Index Fund
DSPIX
 7.32 35.03 64.90 263.67 984.90 09/30/93
S&P 500(r) Index
 7.51 35.77 66.45 270.31 - -
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.

Average Annual Returns After Taxes

As of  06/30/20 1 YR 5 YRS 10 YRS
Return after taxes on distributions 6.04% 9.52% 13.07%
Return after taxes on distributions and sale of fund shares 5.25% 8.21% 11.48%

Growth of $10,000 Investment

Historical Performance

    Not available for purchase by individual investors.

    Yearly Total Return

    Yearly

    Fund 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
    DSPIX
    		 31.29% -4.59% 21.58% 11.74% 1.20% 13.45% 32.18% 15.79% 1.98% 14.93%

    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 0.20%
    Other Expenses 0.01%
    Total Expenses 0.21%
    Expenses Reimbursed 0.01%
    Net Expenses 0.20%
    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 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

    Portfolio Manager/Sub-Investment Advisor

    The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). Thomas J. Durante, CFA, Karen Q. Wong, CFA, and Richard A. Brown, CFA, are the fund's primary portfolio managers. Mr. Durante has been a primary portfolio manager of the fund since January 2002 and Ms. Wong and Mr. Brown have been primary portfolio managers of the fund since October 2010. Mr. Durante is a managing director and co-head of equity index portfolio management at Mellon Investments Corporation (Mellon), an affiliate of BNYM Investment Adviser. Ms. Wong is a managing director and head of index portfolio management at Mellon. Mr. Brown is a managing director and co-head of equity index portfolio management at Mellon. Mr. Durante, Ms. Wong and Mr. Brown also are employees of BNYM Investment Adviser.

    Top Holdings

    As of  08/31/20   Holdings % Portfolio  Weight
    Apple 7.21
    Microsoft 5.86
    Amazon.com 4.95
    Facebook, Cl. A 2.41
    Alphabet, Cl. A 1.67
    Alphabet, Cl. C 1.64
    Berkshire Hathaway, Cl. B 1.45
    Johnson & Johnson 1.38
    Visa, Cl. A 1.23
    Procter & Gamble 1.17

    Asset Allocation

        Stats & Risks

        Daily Statistics

        As of  09/22/20 Name NAV Change 09/02/20  12 Month 
        High Nav        		 03/23/20  12 Month 
        Low Nav        		 YTD Return
        DSPIX
        		 $61.76
        $0.65
        1.06%
        		 $66.65 $41.70 3.92%

        Performance Metrics

        Overall Morningstar Rating

        MORNINGSTAR CATEGORY Large Blend

        Morningstar Rating™ as of 08/31/20 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 (3096 funds rated); 3 Yrs. 4 Stars (1223 funds rated); 5 Yrs. 4 Stars (1061 funds rated); 10 Yrs. 4 Stars (812 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
          34 out of 115
        • 3 Year
          39 out of 112
        • 5 Year
          28 out of 102
        • 10 Year
          18 out of 86

        LIPPER CLASSIFICATION S&P 500 Index 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

        Equities are subject to market, market sector, market liquidity, issuer, and investment style risks to varying degrees.
        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  08/31/20, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DSPIX
        		 17.51 -0.19 1.00 100.00 0.76
        Distributions

        Dividend Schedule

        Declared
        Qtry (May, Aug, Nov, Dec)
        Distributed
        Qtry (May, Aug, Nov, Dec)
        Paid
        Qtry (May, Aug, Nov, Dec)
        Fiscal Year End
        Oct 31
        Year Dividend ($) Capital Gains ($)
        2020 0.5050 0.0000
        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
        2014 0.7166 0.0000
        2013 0.6203 0.0264
        2012 0.5830 0.0000
        2011 0.4792 0.0000
        There is no guarantee that the fund will distribute any level annually. Capital gains may be short-term, long-term, or both.

        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
        DSPIX
        		 0.0000 0.2400 0.0000 0.0000 0.0000 0.2400 61.44
        Record Date Ex-Dividend Date Payable Date
        DSPIX
        		 08/03/20 08/04/20 08/04/20
        (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
        DSPIX
        		 Final 0.0129 0.2481 0.0020 0.0393 1.9430 2.2453 60.12
        Record Date Ex-Dividend Date Payable Date
        DSPIX
        		 12/24/19 12/26/19 12/26/19
        Literature