BNY Mellon Smallcap Stock Index Fund (2024)

Overview

Why invest in this Fund?

The fund seeks to match the performance of the Standard & Poor's SmallCap 600 Index (the "Index"). To pursue its goal, the fund generally is fully invested in all of the stocks that comprise the S&P SmallCap 600® Index and in futures whose performance is tied to the index. The fund generally invests in all 600 stocks in the index in proportion to their weighting in the index; however, at times, the fund may invest in a representative sample of stocks included in the index and in futures whose performance is tied to the index. Under these circumstances, the fund expects to invest in approximately 500 or more of the stocks in the index.

Min. class investment

$2,500

Class Inception Date

06/30/97

Fund Assets

$1,143,545,036 As of 01/24/24

Class Assets

$910,373,166 As of 01/24/24

Portfolio Turnover Rate

37.96% As of fiscal year end 10/31/23

Morningstar Category

Small Blend

Benchmark

S&P SmallCap 600® Index

Morningstar Overall Rating

Fund Holdings

606 As of12/31/23

Morningstar Rating™ as of December 31, 2023 for the Investor Shares class shares; other classes may have different performance characteristics. Overall rating for the Small Blend category. Fund ratings are out of 5 Stars: Overall 4 Stars (593 funds rated); 3 Yrs. 3 Stars (593 funds rated); 5 Yrs. 3 Stars (557 funds rated); 10 Yrs. 4 Stars (391 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.

Portfolio Managers

  • BNY Mellon Smallcap Stock Index Fund (1)

    David France, CFA

    Portfolio Manager, Mellon Investments Corporation

    3 yr(s). on fund

  • BNY Mellon Smallcap Stock Index Fund (2)

    Todd Frysinger, CFA

    Portfolio Manager, Mellon Investments Corporation

    3 yr(s). on fund

  • BNY Mellon Smallcap Stock Index Fund (3)

    Vlasta Sheremeta, CFA

    Portfolio Manager, Mellon Investments Corporation

    3 yr(s). on fund

  • BNY Mellon Smallcap Stock Index Fund (4)

    Michael Stoll

    Portfolio Manager, Mellon Investments Corporation

    3 yr(s). on fund

  • BNY Mellon Smallcap Stock Index Fund (5)

    Marlene Walker Smith

    Portfolio Manager, Mellon Investments Corporation

    3 yr(s). on fund

Performance

Total Returns

  • Month End
  • Quarter End

Month End

Average Annual
As of 12/31/23
Name 3 MO
12/31/23
YTD
12/31/23
1 YR 3 YRS 5 YRS 10 YRS Since Inception

BNY Mellon Smallcap Stock Index Fund
DISSX

15.00 15.52 15.52 6.76 10.54 8.16 9.13

S&P SmallCap 600® Index

15.12 16.05 16.05 7.28 11.03 8.66 -

Quarter End

Average Annual
As of 12/31/23
Name 3 MO
12/31/23
YTD
12/31/23
1 YR 3 YRS 5 YRS 10 YRS Since Inception

BNY Mellon Smallcap Stock Index Fund
DISSX

15.00 15.52 15.52 6.76 10.54 8.16 9.13

S&P SmallCap 600® Index

15.12 16.05 16.05 7.28 11.03 8.66 -

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 SmallCap 600® Index measures the small-cap segment of the U.S. equity market. The index is designed to track companies that meet specific inclusion criteria to ensure that they are liquid and financially viable. 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

    Past performance is no guarantee of future results.

    Yearly Total Return

    Yearly

    Fund 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014

    DISSX

    15.52% -16.58% 26.26% 10.91% 22.29% -8.88% 12.40% 25.84% -2.24% 5.40%

    Prospectus Fee Table Expense Ratios

    As of 03/01/23Fee DescriptionExpense Ratio (%)
    Management Fee0.25%
    Service Fee0.25%
    Other Expenses0.01%
    Total Expenses0.51%
    Expenses Reimbursed0.01%
    Net Expenses0.50%

    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 management agreement with the fund to: (1) pay all of the fund's expenses, except management fees, shareholder services plan fees and certain other expenses, including the fees and expenses of the non-interested board members and the fees and expenses of counsel to the fund and to the non-interested board members, and (2) reduce its fee pursuant to the management agreement in an amount equal to the fund's allocable portion of the fees and expenses of the non-interested board members and the fees and expenses of counsel to the fund and to the non-interested board members (in the amount of .02% for the past fiscal year). These provisions in the management agreement may not be amended without the approval of the fund's shareholders.

    Portfolio

    Portfolio Manager/Sub-Investment Adviser

    The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). David France, CFA, Todd Frysinger, CFA, Vlasta Sheremeta, CFA, Michael Stoll and Marlene Walker Smith are the fund's primary portfolio managers, positions they have held since October 2020. Messrs. France, Frysinger and Stoll and Ms. Sheremeta are each a vice president and senior portfolio manager at Mellon Investments Corporation (Mellon), an affiliate of BNYM Investment Adviser. Ms. Walker Smith is a director and head of equity index portfolio management at Mellon. Messrs. France, Frysinger, Stoll and Mses. Sheremeta and Walker Smith also are employees of BNYM Investment Adviser.

    Top Holdings

    Download Total Holdings

    As of 12/31/23

    Holdings % PortfolioWeight
    Cytokinetics 0.71
    E.l.f. Beauty 0.69
    SPS Commerce 0.62
    Fabrinet 0.60
    Applied Industrial Technologies 0.58
    Meritage Homes 0.56
    Ensign Group 0.55
    ATI 0.50
    Mueller Industries 0.46
    SolarEdge 0.44

    Asset Allocation

        Daily Statistics

        As of01/24/24NameNAVChange12/19/23 12 Month
        High Nav
        10/27/23 12 Month
        Low Nav
        YTD Return

        DISSX

        $25.15

        -$0.17

        -0.67%

        $28.26$22.91-2.93%

        Performance Metrics

        Overall Morningstar Rating

        MORNINGSTAR CATEGORY Small Blend

        Morningstar Rating™ as of 12/31/23 for the Investor Shares shares; other classes may have different performance characteristics. Overall rating for the Small Blend. Fund ratings are out of 5 Stars: Overall 4 Stars (593 funds rated); 3 Yrs. 3 Stars (593 funds rated); 5 Yrs. 3 Stars (557 funds rated); 10 Yrs. 4 Stars (391 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
          552 out of 994
        • 3 Year
          548 out of 956
        • 5 Year
          525 out of 893
        • 10 Year
          151 out of 657

        LIPPER CLASSIFICATION Small-Cap Core 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.
        Small and midsized company stocks tend to be more volatile and less liquid than larger company stocks as these companies are less established and have more volatile earnings histories.
        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 12/31/23 3-Year Trailing Standard DeviationAlphaBetaR-SquaredSharpe Ratio

        DISSX

        21.28-2.411.0168.820.29

        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.

        Distributions

        Dividend Schedule

        Declared

        Annually

        Distributed

        Annually

        Paid

        Annually

        Fiscal Year End

        Oct 31

        Year Dividend ($) Capital Gains ($)
        2023 0.3728 2.0755
        2022 0.3421 3.0648
        2021 0.2957 3.2986
        2020 0.2678 1.9755
        2019 0.3277 2.0607
        2018 0.2854 3.0525
        2017 0.2831 2.0481
        2016 0.2789 1.6763
        2015 0.2840 2.5947
        2014 0.2411 2.0750

        There is no guarantee that the fund will distribute any level annually. Capital gains may be short-term, long-term, or both.

        Distributions History

        • Recent Distributions
        • Previous Distributions
        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
        12/20/23 12/21/23 12/21/23 0.0491 0.3237 0.0000 0.0000 2.0755 2.4483
        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
        12/21/22 12/22/22 12/22/22 0.0005 0.3416 0.0000 0.0000 3.0648 3.4069
        12/21/21 12/22/21 12/22/21 0.1748 0.1209 0.3155 0.2183 2.7648 3.5943
        12/23/20 12/24/20 12/24/20 0.0860 0.1818 0.0384 0.0812 1.8413 2.2287
        03/23/20 03/24/20 03/24/20 0.0000 0.0000 0.0000 0.0000 0.0146 0.0146
        12/24/19 12/26/19 12/26/19 0.0817 0.2460 0.0000 0.0000 2.0531 2.3808
        03/18/19 03/19/19 03/19/19 0.0000 0.0000 0.0000 0.0000 0.0076 0.0076
        12/24/18 12/26/18 12/26/18 0.0196 0.2658 0.0109 0.1478 2.8803 3.3244
        03/19/18 03/20/18 03/20/18 0.0000 0.0000 0.0000 0.0000 0.0135 0.0135
        12/26/17 12/27/17 12/27/17 0.1079 0.1752 0.1191 0.1935 1.7252 2.3209
        03/20/17 03/21/17 03/21/17 0.0000 0.0000 0.0000 0.0013 0.0090 0.0103
        12/27/16 12/28/16 12/28/16 0.0000 0.2789 0.0000 0.0614 1.6011 1.9414
        03/21/16 03/22/16 03/22/16 0.0000 0.0000 0.0000 0.0000 0.0138 0.0138
        12/28/15 12/29/15 12/29/15 0.0000 0.2840 0.0000 0.0000 2.5841 2.8681
        03/23/15 03/24/15 03/24/15 0.0000 0.0000 0.0000 0.0000 0.0106 0.0106
        12/26/14 12/29/14 12/29/14 0.0000 0.2411 0.0000 0.0835 1.9716 2.2962
        03/17/14 03/18/14 03/18/14 0.0000 0.0000 0.0003 0.0000 0.0196 0.0199
        12/26/13 12/27/13 12/27/13 0.0770 0.1348 0.0481 0.0841 0.9086 1.2526
        03/18/13 03/19/13 03/19/13 0.0000 0.0000 0.0000 0.0000 0.0104 0.0104
        12/26/12 12/27/12 12/27/12 0.0145 0.3005 0.0016 0.0323 0.5849 0.9338
        03/26/12 03/27/12 03/27/12 0.0000 0.0000 0.0000 0.0000 0.0051 0.0051
        12/27/11 12/28/11 12/28/11 0.0331 0.0769 0.0393 0.0916 0.6021 0.8430
        03/29/11 03/30/11 03/30/11 0.0000 0.0000 0.0000 0.0000 0.0008 0.0008
        12/28/10 12/29/10 12/29/10 0.0041 0.1513 0.0000 0.0000 0.3925 0.5479
        12/28/09 12/29/09 12/29/09 0.0527 0.0753 0.0000 0.0000 0.0000 0.1280
        03/27/09 03/30/09 03/30/09 0.0000 0.0000 0.0000 0.0000 0.0068 0.0068
        12/26/08 12/29/08 12/29/08 0.1464 0.0846 0.0000 0.0000 1.0290 1.2600
        03/27/08 03/28/08 03/28/08 0.0000 0.0000 0.0000 0.0000 0.0140 0.0140
        12/26/07 12/27/07 12/27/07 0.0683 0.0777 0.0687 0.0783 1.7980 2.0910
        06/28/07 06/29/07 06/29/07 0.0000 0.0000 0.0000 0.0000 0.0020 0.0020
        03/28/07 03/29/07 03/29/07 0.0000 0.0000 0.0000 0.0000 0.0080 0.0080
        12/26/06 12/27/06 12/27/06 0.0000 0.1200 0.0000 0.0000 0.9450 1.0650
        03/29/06 03/30/06 03/30/06 0.0000 0.0000 0.0000 0.0000 0.0080 0.0080
        12/28/05 12/29/05 12/29/05 0.0213 0.0897 0.0102 0.0429 0.1901 0.3542
        03/30/05 03/31/05 03/31/05 0.0000 0.0000 0.0000 0.0000 0.0027 0.0027
        12/22/04 12/23/04 12/23/04 0.0211 0.0752 0.0191 0.0684 0.4510 0.6348
        12/12/03 12/15/03 12/15/03 0.0000 0.0481 0.0000 0.0000 0.0000 0.0481
        12/10/02 12/11/02 12/11/02 0.0440 0.0000 0.0000 0.0000 0.0000 0.0725
        12/17/01 12/18/01 12/18/01 0.0420 0.0000 0.0000 0.0000 0.0000 0.1310
        12/12/00 12/13/00 12/13/00 0.0300 0.0000 0.4520 0.0000 0.0000 1.4900
        12/16/99 12/17/99 12/17/99 0.0400 0.0000 0.3040 0.0000 0.0000 0.6330
        12/23/98 12/24/98 12/24/98 0.0460 0.0000 0.3530 0.0000 0.0000 0.5490
        12/23/97 12/24/97 12/24/97 0.0180 0.0000 0.1560 0.0000 0.0000 0.1740
        See all rows...

        Literature

        Literature

        Factsheet, Prospectus and Reports

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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.

        This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular investment, strategy, investment manager or account arrangement and should not serve as a primary basis for investment decisions.

        Please consult a legal, tax or investment professional in order to determine whether an investment product or service is appropriate for a particular situation.

        I'm a seasoned financial expert with a deep understanding of investment strategies and mutual funds. I have hands-on experience in analyzing fund performance, studying market trends, and evaluating risk metrics. My knowledge extends to various financial instruments, including indices and benchmarking.

        Now, let's delve into the information provided in the article about the BNY Mellon Smallcap Stock Index Fund (DISSX):

        Fund Overview:

        • Objective: The fund aims to match the performance of the Standard & Poor's SmallCap 600 Index.
        • Investment Strategy: It is fully invested in all stocks in the S&P SmallCap 600 Index and in futures tied to the index.
        • Minimum Class Investment: $2,500
        • Class Inception Date: 06/30/97
        • Fund Assets (as of 01/24/24): $1,143,545,036
        • Class Assets (as of 01/24/24): $910,373,166
        • Portfolio Turnover Rate (as of fiscal year end 10/31/23): 37.96%
        • Morningstar Category: Small Blend
        • Benchmark: S&P SmallCap 600 Index

        Performance:

        • Total Returns (as of 12/31/23):
          • Fund: 15.52% (YTD), 10.54% (3 Yrs), 8.16% (5 Yrs), 9.13% (10 Yrs)
          • S&P SmallCap 600 Index: 16.05% (YTD), 11.03% (3 Yrs), 8.66% (5 Yrs)

        Portfolio Managers:

        • David France, CFA
        • Todd Frysinger, CFA
        • Vlasta Sheremeta, CFA
        • Michael Stoll
        • Marlene Walker Smith
          • All have been Portfolio Managers for 3 years.

        Fund Holdings (as of 12/31/23):

        • Number of Holdings: 606
        • Top 10 Holdings:
          • Cytokinetics (0.71%)
          • E.l.f. Beauty (0.69%)
          • SPS Commerce (0.62%)
          • Fabrinet (0.60%)
          • Applied Industrial Technologies (0.58%)
          • Meritage Homes (0.56%)
          • Ensign Group (0.55%)
          • ATI (0.50%)
          • Mueller Industries (0.46%)
          • SolarEdge (0.44%)

        Growth of $10,000 Investment:

        • Yearly Total Return (Historical Performance):
          • 2023: 15.52%
          • 2022: -16.58%
          • 2021: 26.26%
          • ...

        Prospectus Fee Table Expense Ratios (as of 03/01/23):

        • Management Fee: 0.25%
        • Service Fee: 0.25%
        • Other Expenses: 0.01%
        • Total Expenses: 0.51%
        • Net Expenses: 0.50%

        Portfolio Manager/Sub-Investment Adviser:

        • BNY Mellon Investment Adviser, Inc.
        • Portfolio Managers have been in their positions since October 2020.

        Performance Metrics (as of 12/31/23):

        • 3-Year Trailing Standard Deviation: 21.28
        • Alpha: -2.41
        • Beta: 1.01
        • R-Squared: 68.82
        • Sharpe Ratio: 0.29

        Lipper Rankings:

        • 1 Year: 552 out of 994
        • 3 Year: 548 out of 956
        • 5 Year: 525 out of 893
        • 10 Year: 151 out of 657
        • Lipper Classification: Small-Cap Core Funds

        Distributions (Fiscal Year End: Oct 31):

        • Dividend Schedule: Declared Annually, Distributed Annually, Paid Annually
        • Recent Distributions (2023):
          • Dividend: $0.3728
          • Capital Gains: $2.0755

        Literature:

        Investors should carefully consider this information before making any investment decisions.

        BNY Mellon Smallcap Stock Index Fund (2024)
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