Fund Evaluator:
BNY Mellon MidCap Index Inv (PESPX)
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Best Performing in Mid-Cap Blend Over the Last Year
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Fund Details
BNY Mellon MidCap Index Inv Overview
BNY Mellon MidCap Index Inv (PESPX) is a passively managed U.S. Equity Mid-Cap Blend fund. BNY Mellon launched the fund in 1991.
The investment seeks to match the performance of the S&P MidCap 400® Index. To pursue its goal, the fund generally is fully invested in stocks included in the S&P MidCap 400® Index and in futures whose performance is tied to the index. It generally invests in all of the stocks in the S&P MidCap 400® Index in proportion to their weighting in the index. The S&P MidCap 400® Index is an unmanaged index of 400 common stocks of medium-size companies.
About BNY Mellon MidCap Index Inv (PESPX)
There are 5 members of the management team with an average tenure of 5.68 years: Marlene Walker-Smith (2020), David France (2020), Todd Frysinger (2020), Vlasta Sheremeta (2020), Michael Stoll (2020). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P Composite 1500 (TR) USD index with a weighting of 100% and S&P MidCap 400 TR index with a weighting of 100%. BNY Mellon MidCap Index Inv has 402 securities in its portfolio. The top 10 holdings constitute 8.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
BNY Mellon MidCap Index Inv is part of the Equity global asset class and is within the U.S. Equity fund group. BNY Mellon MidCap Index Inv has 3.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.7%. There is 3.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). BNY Mellon MidCap Index Inv has 1.0% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $1 billion average for the Mid-Cap Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PESPX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The BNY Mellon MidCap Index Inv expense ratio is average compared to funds in the Mid-Cap Blend category. BNY Mellon MidCap Index Inv has an expense ratio of 0.50%, which is 49% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. BNY Mellon MidCap Index Inv has a portfolio turnover rate of 13%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 51% for the Mid-Cap Blend category.
Recently, in the month of June 2026, BNY Mellon MidCap Index Inv returned 3.5%, which earned it a grade of D, as the Mid-Cap Blend category had an average return of 4.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
BNY Mellon MidCap Index Inv has a trailing yield of 0.91%, which is above the 0.47% category average. The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
BNY Mellon MidCap Index Inv Grades
Year to date, the fund has returned 17.0%, 1.7 percentage points better than the category, which translates into a grade of C. The fund has returned 25.2% over the past year (grade of C), 14.8% over the past three years (grade of C) and 8.5% per year over the past five years (grade of C) and 11.1% per year over the past 10 years (grade of C).
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PESPX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PESPX Return (NAV) | 3.5% | 14.3% | 25.2% | 14.8% | 8.5% | 11.1% |
| PESPX Grade | D | C | C | C | C | C |
| +/- Category | -0.6% | -0.2% | 3.2% | 0.1% | 0.3% | 0.1% |
| Mid-Cap Blend Avg | 4.1% | 14.4% | 22.0% | 14.7% | 8.2% | 11.0% |
| PESPX Tax Cost Ratio | na | na | 2.8% | 2.6% | 3.0% | 2.7% |
PESPX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PESPX Return (NAV) | 17.0% | 6.9% | 13.4% | 15.9% | -13.5% | 24.2% | 13.1% | 25.6% | -11.5% | 15.7% | 20.2% |
| PESPX Grade | C | D | C | C | B | C | C | D | D | C | A |
| +/- Category | 1.7% | -1.0% | -0.1% | -0.5% | 1.5% | -0.1% | -0.2% | -2.9% | -1.2% | -0.4% | 5.7% |
| Mid-Cap Blend Avg | 15.3% | 8.0% | 13.5% | 16.4% | -15.1% | 24.3% | 13.3% | 28.5% | -10.3% | 16.1% | 14.6% |
| Risk Measures | |
| Standard Deviation: | 15.8% |
| Total Risk Index: | 1.30 - Above Average |
| Category Risk Index: | 1.01 - Average |
| Category Risk Grade: | C (58% Rank) |
| Beta: | 1.00 |
| R-Squared: | 67% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.9% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | None |
| Total Assets: | $1351 Mil |
| Fund Total Assets: | $1,161 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 14% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 5.7 years | |||
| Average Tenure: 5.7 years | |||
| Managers (Year): Walker-Smith Marlene (2020), France David (2020), Frysinger Todd (2020), Sheremeta Vlasta (2020), Stoll Michael (2020) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 402 |
| % in Top 10 Holdings: | 8.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 3.3% |
Portfolio Allocation |
|
| Domestic Stock: | 95.7% |
| Foreign Stock: | 3.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.0% |
Purchase Information
| Fund Family: | BNY Mellon |
| Phone Number: | 800-373-9387 |
| Website: | www.dreyfus.com |
| Status: | Open |
| Inception Date: | June 19, 1991 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.50% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.98% |
| Share Class: | BNY Mellon MidCap Index Inv |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
