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Trending ETFs

BNY Mellon Bond Market Index Fund

mutual fund
DBIRX
Payout Change
Pending
Price as of:
$9.14 -0.07 -0.76%
primary theme
U.S. Intermediate-Term Bond Duration
share class
DBIRX (Mutual Fund)

BNY Mellon Bond Market Index Fund

Payout Change
Pending
Price as of:
$9.14 -0.07 -0.76%
primary theme
U.S. Intermediate-Term Bond Duration
share class
DBIRX (Mutual Fund)

BNY Mellon Bond Market Index Fund

Payout Change
Pending
Price as of:
$9.14 -0.07 -0.76%
primary theme
U.S. Intermediate-Term Bond Duration
share class

Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.14

$579 M

3.41%

$0.31

0.16%

Vitals

YTD Return

3.6%

1 yr return

11.2%

3 Yr Avg Return

-1.9%

5 Yr Avg Return

-0.2%

Net Assets

$579 M

Holdings in Top 10

11.0%

52 WEEK LOW AND HIGH

$9.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.16%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 183.21%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.14

$579 M

3.41%

$0.31

0.16%

DBIRX - Profile

Distributions

  • YTD Total Return 3.6%
  • 3 Yr Annualized Total Return -1.9%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.71%
DIVIDENDS
  • Dividend Yield 3.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BNY Mellon Bond Market Index Fund
  • Fund Family Name
    Dreyfus
  • Inception Date
    Jul 23, 1996
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Nancy Rogers

Fund Description

To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in bonds that are included in the Bloomberg U.S. Aggregate Bond Index (or other instruments with similar economic characteristics). In seeking to match index performance, the manager uses a passive management approach and generally purchases a representative sample of the bonds comprising the Bloomberg U.S. Aggregate Bond Index. Because the fund has expenses, performance will tend to be slightly lower than that of the index. The fund attempts to

have a correlation between its performance and that of the Bloomberg U.S. Aggregate Bond Index of at least .95 before expenses. A correlation of 1.00 would mean that the fund and the index were perfectly correlated.

The fund's investments are selected by a "sampling" process, which is a statistical process used to select bonds so that the fund has investment characteristics that closely approximate those of the index. By using this sampling process, the fund typically will not invest in all of the securities in the index.

The Bloomberg U.S. Aggregate Bond Index is a broad-based, unmanaged index that covers the U.S. dollar-denominated, investment grade (Baa/BBB or higher), fixed-rate, taxable bond market. The index includes bonds from the U.S. Treasury, U.S. government-related, corporate, mortgage-backed securities, asset-backed securities and commercial mortgage-backed securities sectors. Although most of the securities in the index are issued by the U.S. Treasury and other U.S. government and agency issuers, the index may include dollar-denominated bonds issued by foreign issuers in which the fund may invest to the extent the index contains such securities. To maintain liquidity, the fund may invest up to 20% of its net assets in various short-term, fixed-income securities and money market instruments. The fund also may use index futures as a substitute for the sale or purchase of securities and purchase or sell securities on a forward commitment (including "TBA" (to be announced)) basis. A derivatives contract, such as futures contracts, will obligate or entitle the fund to deliver or receive an asset or cash payment based on the change in value of the underlying asset. The fund may engage in short-term trading in the execution of its investment strategy.

"Bloomberg®" and Bloomberg U.S. Aggregate Bond Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited, the administrator of the index, and have been licensed for use for certain purposes by BNY Mellon Investment Adviser, Inc. Bloomberg is not affiliated with the fund, and it does not sell or endorse the fund, nor does it guarantee the performance of the fund or the index.

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DBIRX - Performance

Return Ranking - Trailing

Period DBIRX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.6% -2.4% 11.7% 72.86%
1 Yr 11.2% -6.4% 24.6% 84.49%
3 Yr -1.9%* -9.9% 28.4% 66.74%
5 Yr -0.2%* -7.3% 58.8% 79.73%
10 Yr 1.4%* -2.6% 74.1% 67.68%

* Annualized

Return Ranking - Calendar

Period DBIRX Return Category Return Low Category Return High Rank in Category (%)
2023 1.9% -16.2% 8.1% 60.72%
2022 -15.4% -34.7% 131.9% 34.10%
2021 -4.5% -11.6% 4.4% 88.49%
2020 4.6% -10.1% 946.1% 41.16%
2019 5.5% -1.7% 16.9% 55.56%

Total Return Ranking - Trailing

Period DBIRX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.6% -2.4% 11.7% 72.86%
1 Yr 11.2% -6.4% 24.6% 84.49%
3 Yr -1.9%* -9.9% 28.4% 66.74%
5 Yr -0.2%* -7.3% 58.8% 79.73%
10 Yr 1.4%* -2.6% 74.1% 67.68%

* Annualized

Total Return Ranking - Calendar

Period DBIRX Return Category Return Low Category Return High Rank in Category (%)
2023 5.3% -11.3% 11.9% 76.00%
2022 -13.2% -32.2% 131.9% 36.41%
2021 -1.6% -9.4% 9.2% 73.14%
2020 7.8% -1.9% 1009.0% 63.38%
2019 8.8% 1.1% 21668.0% 51.65%

NAV & Total Return History


DBIRX - Holdings

Concentration Analysis

DBIRX Category Low Category High DBIRX % Rank
Net Assets 579 M 2.9 M 314 B 64.39%
Number of Holdings 2682 1 17787 13.70%
Net Assets in Top 10 62.8 M 1.62 M 36.1 B 78.94%
Weighting of Top 10 10.99% 4.4% 432.9% 88.30%

Top 10 Holdings

  1. Dreyfus Institutional Preferred Government Plus Money Market Fund 5.10%
  2. FANNIE MAE OR FREDDIE MAC 0.88%
  3. DREYFUS INSTITUTIONAL PREFERRED PL 0.86%
  4. FANNIE MAE OR FREDDIE MAC 0.71%
  5. FANNIE MAE OR FREDDIE MAC 0.67%
  6. FANNIE MAE OR FREDDIE MAC 0.63%
  7. UNITED STATES TREASURY NOTE/BOND 0.55%
  8. UNITED STATES TREASURY NOTE/BOND 0.55%
  9. UNITED STATES TREASURY NOTE/BOND 0.54%
  10. FANNIE MAE OR FREDDIE MAC 0.50%

Asset Allocation

Weighting Return Low Return High DBIRX % Rank
Bonds
98.97% 0.00% 993.61% 28.06%
Cash
5.10% -54.51% 237.69% 30.47%
Convertible Bonds
0.99% 0.00% 7.93% 68.49%
Stocks
0.00% 0.00% 99.99% 68.27%
Preferred Stocks
0.00% 0.00% 71.02% 63.39%
Other
0.00% -16.55% 52.94% 88.96%

Bond Sector Breakdown

Weighting Return Low Return High DBIRX % Rank
Government
39.05% 0.00% 86.23% 20.19%
Securitized
27.60% 0.00% 98.40% 56.33%
Corporate
21.78% 0.00% 100.00% 82.08%
Cash & Equivalents
5.10% -0.46% 237.69% 29.86%
Municipal
0.66% 0.00% 100.00% 35.53%
Derivative
0.00% -1.41% 44.82% 67.69%

Bond Geographic Breakdown

Weighting Return Low Return High DBIRX % Rank
US
98.97% 0.00% 993.61% 25.05%
Non US
0.00% 0.00% 35.41% 67.69%

DBIRX - Expenses

Operational Fees

DBIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.16% 0.01% 39.64% 95.27%
Management Fee 0.15% 0.00% 1.76% 7.44%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

DBIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

DBIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DBIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 183.21% 2.00% 493.39% 63.72%

DBIRX - Distributions

Dividend Yield Analysis

DBIRX Category Low Category High DBIRX % Rank
Dividend Yield 3.41% 0.00% 10.11% 62.45%

Dividend Distribution Analysis

DBIRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

DBIRX Category Low Category High DBIRX % Rank
Net Income Ratio 1.71% -1.28% 4.79% 50.00%

Capital Gain Distribution Analysis

DBIRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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DBIRX - Fund Manager Analysis

Managers

Nancy Rogers


Start Date

Tenure

Tenure Rank

Feb 11, 2010

12.31

12.3%

Nancy is the Head of Fixed Income Index Portfolio Management. She is responsible for the management of domestic and international fixed income index portfolios, including separate, commingled, and mutual fund accounts. She has experience in managing aggregate, government, credit and custom indexes. Nancy has been in the investment industry and at BNY Mellon affiliates since 1987. Prior to her current role, she was a senior portfolio manager at Standish and portfolio manager at Mellon Bond Associates. Previously, she served in various functions such as trading, performance measurement, and portfolio accounting. In 2012, Nancy was awarded the Pittsburgh quarterly Outstanding Leadership Team Award for her work with the management team on the Building Organizational Talent initiative. Nancy earned an MBA in investments from Drexel University. She holds the CFA designation and is a member of the CFA Institute and CFA Society Pittsburgh.

Gregg Lee


Start Date

Tenure

Tenure Rank

Oct 29, 2021

0.59

0.6%

Gregg A. Lee, CFA is Director, Senior Portfolio Manager, Fixed Income at Mellon. He joined Mellon in 1989 as an equity indexing portfolio manager and after just over a year, transferred to the fixed-income department. Mr. Lee is responsible for domestic and international fixed income portfolios. He oversees the MBS/securitized sector and helps with the refinement and implementation of the portfolio management process. Mr. Lee also manages global aggregate portfolios including all components and custom indexes, and fixed income ETFs. Prior experience includes managing and trading domestic and international active fixed-income portfolios with a focus on the Active Core and Core Plus strategies. Mr. Lee graduated with a B.S. from University of California at Davis in Managerial Economics. Mr. Lee has been in the investment industry since 1989. Mr. Lee is a member of the CFA Institute and the CFA Society of San Francisco.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.78 1.16