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    BNY Mellon Bond Market Index Fund

    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
    Class Inception Date
    Fund Assets
    $565,873,352  As of  06/18/24
    Class Assets
    $232,101,577  As of  06/18/24
    Portfolio Turnover Rate
    160.90% As of fiscal year end  10/31/23
    Morningstar Category
    Intermediate Core Bond
    Bloomberg U.S. Aggregate Bond Index
    Fund Holdings
    2686 As of 05/31/24
    8.46 yr(s).  As of  05/31/24
    6.07 yr(s).   As of  05/31/24

    Yields and Expense Ratio

    as of 06/18/24
    as of 05/31/24
    as of 03/01/24
    Subsidized Unsubsidized Net Gross Contractual
    Fee Waiver End Date
    4.20 4.20 3.52 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 Managers

    • Nancy G.  Rogers

      Nancy G. Rogers, CFA

      Portfolio Manager, Mellon Investments Corporation

      Managing Fund Since 2010

      Joined Firm in 1987

      Joined Industry in 1987

    • Gregg A.   Lee

      Gregg A. Lee, CFA

      Portfolio Manager, Mellon Investments Corporation

      Managing Fund Since 2021

      Joined Firm in 1989

      Joined Industry in 1989

    Total Returns

    Average Annual
    As of 05/31/24
    Name 3 MO
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Bond Market Index Fund
    -0.12 -1.68 0.87 -3.53 -0.60 0.82 3.95
    Bloomberg U.S. Aggregate Bond Index
    0.04 -1.64 1.31 -3.10 -0.17 1.26 -
    Average Annual
    As of 03/31/24
    Name 3 MO
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Bond Market Index Fund
    -0.84 -0.84 1.13 -2.95 -0.09 1.10 4.00
    Bloomberg U.S. Aggregate Bond Index
    -0.78 -0.78 1.70 -2.46 0.36 1.54 -

    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.

      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%
      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 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

      As of 05/31/24

      Asset Allocation

          Daily Statistics

          As of 06/18/24 Name NAV Change 12/27/23  12 Month 
          High Nav
          10/19/23  12 Month 
          Low Nav
          YTD Return
          $9.14 $8.39 0.04%

          Past performance is no guarantee of future results.

          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  05/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          7.40 -0.46 1.00 99.82 -0.90

          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

          Fiscal Year End
          Oct 31
          Month/Year Dividend ($)
          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
          07/2023 0.023429671
          06/2023 0.022667474

          Distributions History

          Record Date Ex-Dividend Date Payable Date Ordinary 
          Capital Gain
          Capital Gain
          Capital Gain
          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 
          Capital Gain
          Capital Gain
          Capital Gain
          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...


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          Investors should consider the investment objectives, risks, charges, and expenses of a mutual fund carefully before investing. Download a prospectus, or summary prospectus, if available, that contains this and other information about the fund, and read it carefully before investing.

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