The BNY Mellon Midcap Index Fund, Inc. Investor Shares (PESPX) is a mutual fund that seeks to track the performance of the mid-cap segment of the U.S. equity market. This fund is managed by BNY Mellon Investment Management and primarily invests in mid-sized companies with market capitalizations between $2 billion and $10 billion. The fund aims to provide investors with long-term capital appreciation by investing in a diversified portfolio of mid-cap stocks. As an index fund, it follows a passive investment strategy and has a low expense ratio, making it a cost-effective option for investors seeking exposure to mid-cap stocks.
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