BNY Mellon Bond Market Index Inv
DBMIX
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USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- C/O BNY Mellon Investment Adviser, Inc. New York NY United States of America 10286
- IPO Date
- Apr 28, 1994
- CIK
- 0000819940
- Website
- bny.com
- Similar Companies
- Business
- BNY Mellon Bond Market Index Fund (Investor Shares) (DBMIX) is an open-end mutual fund that seeks to match the total return of the Bloomberg U.S. Aggregate Bond Index through a passive indexing strategy. The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in bonds included in the index or other instruments with similar economic characteristics, utilizing a representative sampling process to approximate the index's investment profile; its portfolio primarily comprises U.S. dollar-denominated, investment-grade, fixed-rate taxable bonds such as U.S. Treasuries, government-related securities, corporate bonds, agency mortgage-backed pass-through securities, commercial mortgage-backed securities, and asset-backed securities with at least one year to final maturity, rated Baa3/BBB-/BBB- or higher using the middle rating of Moody’s, S&P, and Fitch. To maintain liquidity, the fund may allocate up to 20% of net assets to short-term fixed-income securities and money market instruments, and it employs derivatives such as index futures or forward commitments including TBA securities. Launched on April 28, 1994, and domiciled in the United States, the fund is part of BNY Mellon Investment Funds IV, Inc., managed by BNY Mellon Investment Adviser, Inc., with primary portfolio management provided by Mellon Investments Corporation, an affiliate; it targets intermediate core bond investors seeking broad U.S. investment-grade fixed-income exposure, with total net assets of approximately $506 million and Investor Shares comprising $157 million as of recent data. Geographic operations focus on U.S. markets, with 88.79% in U.S. bonds, 6.54% in non-U.S. bonds, and 4.67% in cash equivalents; top sectors include government bonds (43.96%), agency mortgage-backed securities (27.20%), and corporate bonds (23.16%), with leading holdings such as Dreyfus Institutional Preferred Government Plus Money Market, Federal National Mortgage Association securities in various coupons (5%-6.5%), and United States Treasury Notes. In recent developments, Marlene Walker-Smith joined Gregg A. Lee as a primary co-portfolio manager effective June 30, 2025, serving as Senior Director and Chief Investment Officer at Mellon Investments Corporation, enhancing the fund's fixed-income indexing expertise alongside Lee's role since October 2021. The fund maintains a net expense ratio of 0.40% for Investor Shares following contractual fee waivers, with a minimum initial investment of $2,500 and subsequent investments of $100, daily pricing and liquidity, and a portfolio turnover rate of 169.29%; it continues to track the benchmark closely, posting a YTD return of 7.02% and 1-year return of 5.33% as of late 2025. No major acquisitions, partnerships, funding rounds, or product launches have been reported in the last 1-2 years, reflecting stable operations within BNY Mellon's broader investment management platform headquartered in New York.