BNY Mellon Bond Market Index Inv (DBMIX)
BNY Mellon Bond Market Index Inv operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $8.89, up 0.00% on the session, giving a market capitalisation of $390.3M. Its beta of 0.98 implies it has historically moved less than the broad market.
To achieve its objective, the fund primarily allocates at least 80% of its total assets, including any capital raised through borrowing for investment purposes, into debt instruments that are components of the Bloomberg U.S. Aggregate Bond Index, or in other financial instruments possessing comparable economic characteristics. This index itself is a broad, passively managed benchmark encompassing the U.S. dollar-denominated, investment-grade (rated Baa/BBB or better), fixed-rate, taxable segment of the bond market.
BNY Mellon Bond Market Index Inv is most often compared with the following Financial Services names: