BNY Mellon S&P 500 Index Fund

Frequently Asked Questions About PEOPX

What does PEOPX invest in?

The fund's core objective is to closely mirror the performance of the S&P 500® Index. To achieve this, it typically allocates substantially all of its assets to the common stocks that constitute the S&P 500®, alongside holding financial futures contracts whose returns are directly linked to the index. Specifically, the fund invests in all 500 companies included in the S&P 500®, ensuring their representation within the fund precisely matches their weighting within the index. The S&P 500® itself is a passively managed benchmark, composed of 500 prominent U.S. equities selected to represent the breadth of the American economic landscape, and is widely regarded as a key indicator of the overall stock market's performance.

What is the expense ratio of PEOPX?

BNY Mellon S&P 500 Index Fund (PEOPX) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PEOPX?

BNY Mellon S&P 500 Index Fund (PEOPX) manages $2.65B 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 PEOPX actively managed or an index fund?

PEOPX 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 (PEOPX's is 0.50%) because there's no security selection cost.

When was PEOPX launched?

BNY Mellon S&P 500 Index Fund (PEOPX) launched in December 1989 and is managed by BNY Mellon.

How has PEOPX performed?

PEOPX'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.