Fund info

BNY Mellon Bond Market Index Fund – Class I is an institutional mutual fund designed to track the performance of the Bloomberg U.S. Aggregate Bond Index, a broad benchmark covering investment-grade U.S. fixed income securities. By investing at least 80% of its assets in bonds included in this index, the fund offers a diversified portfolio of U.S. government, corporate, and securitized debts across various maturities. This approach aims to provide investors with exposure to the core U.S. bond market, making the fund a common choice for institutions or individuals seeking broad, low-cost access to high-quality fixed income assets. The fund is passively managed, with an emphasis on low expenses—its expense ratio is notably below industry averages. BNY Mellon Bond Market Index Fund – Class I distributes income monthly and capital gains annually, catering to those seeking consistent income from bond investments. Its holdings demonstrate a strong allocation to domestic bonds, with a modest stake in foreign securities. As a diversified fixed income solution, the fund plays a foundational role in portfolio construction for investors emphasizing stability, liquidity, and income generation in their fixed income allocations.