# BNY Mellon Institutional S&P 500 Stock Index Fund Class I (DSPIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/dspix for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: BNY Mellon · Asset class: Equity - Strategy: Passive Index · Inception: 1993-09-30 This fund aims to allocate a minimum of 95% of its overall assets to the common stocks represented within the S&P 500® Index. To consistently match the benchmark's performance, its portfolio managers employ a passive management strategy, typically acquiring every security that comprises the S&P 500® Index. ## Key Facts | Metric | Value | |---|---| | Price | $50.88 | | Expense Ratio | 0.21% | | Assets Under Management | $1.33B | | NAV | $50.88 | | Holdings Count | — | | Distribution Yield (TTM) | 29.71% | | Annual Distribution (TTM) | $15.12 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $41.68 – $59.90 | | Beta | 1.07 | ## Latest Distribution - Amount: $0.1294 /share - Ex-date: 2026-08-04 - Pay date: 2026-08-04 ## Frequently Asked Questions ### What does DSPIX invest in? This fund aims to allocate a minimum of 95% of its overall assets to the common stocks represented within the S&P 500® Index. To consistently match the benchmark's performance, its portfolio managers employ a passive management strategy, typically acquiring every security that comprises the S&P 500® Index. ### What is the expense ratio of DSPIX? BNY Mellon Institutional S&P 500 Stock Index Fund Class I (DSPIX) charges an expense ratio of 0.21%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is DSPIX? BNY Mellon Institutional S&P 500 Stock Index Fund Class I (DSPIX) manages $1.33B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is DSPIX actively managed or an index fund? DSPIX is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (DSPIX's is 0.21%) because there's no security selection cost. ### When was DSPIX launched? BNY Mellon Institutional S&P 500 Stock Index Fund Class I (DSPIX) launched in September 1993 and is managed by BNY Mellon. ### How has DSPIX performed? DSPIX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does DSPIX pay a dividend? BNY Mellon Institutional S&P 500 Stock Index Fund Class I (DSPIX) currently distributes little or no income. Trailing-twelve-month yield is 29.71%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does DSPIX pay dividends? BNY Mellon Institutional S&P 500 Stock Index Fund Class I pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is DSPIX's dividend yield? DSPIX's trailing-twelve-month yield is 29.71%, calculated from the sum of dividends over the past year divided by the current price. ### When is DSPIX's next ex-dividend date? The most recently announced ex-dividend date for DSPIX was 2026-08-04. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will DSPIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.21% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does DSPIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from DSPIX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does DSPIX cost more than a fund like VOO? DSPIX is a passive index fund (current expense ratio 0.21%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to DSPIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as DSPIX (0.21%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/dspix - Distribution history: https://www.dividenddata.com/funds/dspix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/dspix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/dspix/expenses - Peer comparison: https://www.dividenddata.com/funds/dspix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.