UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANY
Investment Company Act file number |
811-05719 | |||||
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Dreyfus Stock Index Fund, Inc. |
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(Exact name of Registrant as specified in charter) |
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c/o The Dreyfus Corporation 200 Park Avenue New York, New York 10166 |
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(Address of principal executive offices) (Zip code) |
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Bennett A. MacDougall, Esq. 200 Park Avenue New York, New York 10166 |
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(Name and address of agent for service) |
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Registrant's telephone number, including area code: |
(212) 922-6400 | |||||
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Date of fiscal year end:
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12/31 |
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Date of reporting period: |
09/30/16 |
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FORM N-Q
Item 1. Schedule of Investments.
STATEMENT OF INVESTMENTS
Dreyfus Stock Index Fund, Inc.
September 30, 2016 (Unaudited)
Common Stocks - 98.6% | Shares | Value ($) | |
Automobiles & Components - 1.0% | |||
BorgWarner | 22,800 | 802,104 | |
Delphi Automotive | 31,469 | 2,244,369 | |
Ford Motor | 437,732 | 5,283,425 | |
General Motors | 159,161 | 5,056,545 | |
Goodyear Tire & Rubber | 30,967 | 1,000,234 | |
Harley-Davidson | 21,430 | a | 1,127,004 |
Johnson Controls International | 105,135 | 4,891,932 | |
20,405,613 | |||
Banks - 5.3% | |||
Bank of America | 1,149,486 | 17,989,456 | |
BB&T | 91,974 | 3,469,259 | |
Citigroup | 327,305 | 15,458,615 | |
Citizens Financial Group | 58,601 | 1,448,031 | |
Comerica | 19,956 | 944,318 | |
Fifth Third Bancorp | 89,010 | 1,821,145 | |
Huntington Bancshares | 121,666 | 1,199,627 | |
JPMorgan Chase & Co. | 406,895 | 27,095,138 | |
KeyCorp | 121,390 | 1,477,316 | |
M&T Bank | 17,691 | 2,053,925 | |
People's United Financial | 34,845 | 551,248 | |
PNC Financial Services Group | 55,399 | 4,990,896 | |
Regions Financial | 142,658 | 1,408,034 | |
SunTrust Banks | 57,134 | 2,502,469 | |
U.S. Bancorp | 181,278 | 7,775,013 | |
Wells Fargo & Co. | 511,718 | 22,658,873 | |
Zions Bancorporation | 22,974 | 712,654 | |
113,556,017 | |||
Capital Goods - 7.0% | |||
3M | 68,047 | 11,991,923 | |
Acuity Brands | 4,892 | a | 1,294,423 |
Allegion | 10,234 | 705,225 | |
AMETEK | 27,023 | 1,291,159 | |
Boeing | 65,434 | 8,620,275 | |
Caterpillar | 65,745 | 5,836,184 | |
Cummins | 17,836 | 2,285,683 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Common Stocks - 98.6% (continued) | Shares | Value ($) | |
Capital Goods - 7.0% (continued) | |||
Deere & Co. | 33,539 | a | 2,862,554 |
Dover | 18,078 | 1,331,264 | |
Eaton | 51,565 | 3,388,336 | |
Emerson Electric | 71,981 | 3,923,684 | |
Fastenal | 32,172 | 1,344,146 | |
Flowserve | 15,568 | 751,000 | |
Fluor | 16,549 | 849,295 | |
Fortive | 33,382 | 1,699,144 | |
Fortune Brands Home & Security | 17,234 | 1,001,295 | |
General Dynamics | 32,750 | 5,081,490 | |
General Electric | 1,010,307 | 29,925,293 | |
Honeywell International | 85,802 | 10,003,655 | |
Illinois Tool Works | 36,449 | 4,368,048 | |
Ingersoll-Rand | 28,715 | 1,950,897 | |
Jacobs Engineering Group | 14,513 | b | 750,612 |
L-3 Communications Holdings | 8,743 | 1,317,832 | |
Lockheed Martin | 28,477 | 6,826,506 | |
Masco | 37,770 | 1,295,889 | |
Northrop Grumman | 20,315 | 4,346,394 | |
PACCAR | 38,520 | 2,264,206 | |
Parker-Hannifin | 15,317 | 1,922,743 | |
Pentair | 19,784 | a | 1,270,924 |
Quanta Services | 18,065 | b | 505,639 |
Raytheon | 33,530 | 4,564,439 | |
Rockwell Automation | 14,665 | 1,794,116 | |
Rockwell Collins | 14,853 | 1,252,702 | |
Roper Technologies | 11,265 | 2,055,525 | |
Snap-on | 6,232 | 947,015 | |
Stanley Black & Decker | 17,036 | 2,095,087 | |
Textron | 30,968 | 1,230,978 | |
TransDigm Group | 5,656 | a,b | 1,635,263 |
United Rentals | 10,444 | b | 819,750 |
United Technologies | 87,310 | 8,870,696 | |
W.W. Grainger | 6,552 | a | 1,473,152 |
Xylem | 21,061 | 1,104,649 | |
148,849,090 | |||
Commercial & Professional Services - .6% | |||
Cintas | 9,665 | 1,088,279 | |
Dun & Bradstreet | 3,746 | 511,779 | |
Equifax | 13,371 | 1,799,469 |
Common Stocks - 98.6% (continued) | Shares | Value ($) | |
Commercial & Professional Services - .6% (continued) | |||
Nielsen Holdings | 37,978 | 2,034,481 | |
Pitney Bowes | 22,074 | 400,864 | |
Republic Services | 27,494 | 1,387,072 | |
Robert Half International | 14,327 | 542,420 | |
Stericycle | 9,110 | a,b | 730,075 |
Verisk Analytics | 17,125 | b | 1,391,920 |
Waste Management | 46,938 | 2,992,767 | |
12,879,126 | |||
Consumer Durables & Apparel - 1.4% | |||
Coach | 31,265 | 1,143,048 | |
D.R. Horton | 37,152 | 1,121,990 | |
Garmin | 13,643 | 656,365 | |
Hanesbrands | 44,747 | 1,129,862 | |
Harman International Industries | 7,553 | 637,851 | |
Hasbro | 12,054 | 956,244 | |
Leggett & Platt | 15,616 | 711,777 | |
Lennar, Cl. A | 20,052 | a | 849,002 |
Mattel | 38,873 | 1,177,074 | |
Michael Kors Holdings | 20,145 | b | 942,585 |
Mohawk Industries | 6,920 | b | 1,386,353 |
Newell Brands | 54,146 | 2,851,328 | |
NIKE, Cl. B | 151,746 | 7,989,427 | |
PulteGroup | 37,434 | 750,177 | |
PVH | 8,909 | 984,445 | |
Ralph Lauren | 6,872 | 695,034 | |
Under Armour, Cl. A | 19,832 | a,b | 767,102 |
Under Armour, Cl. C | 19,973 | b | 676,286 |
VF | 38,116 | 2,136,402 | |
Whirlpool | 8,605 | 1,395,387 | |
28,957,739 | |||
Consumer Services - 1.6% | |||
Carnival | 49,317 | 2,407,656 | |
Chipotle Mexican Grill | 3,403 | b | 1,441,171 |
Darden Restaurants | 14,133 | 866,636 | |
H&R Block | 26,428 | 611,808 | |
Marriott International, Cl. A | 37,495 | 2,524,565 | |
McDonald's | 96,225 | 11,100,516 | |
Royal Caribbean Cruises | 18,715 | 1,402,689 | |
Starbucks | 164,338 | 8,897,259 | |
Wyndham Worldwide | 13,088 | 881,215 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Common Stocks - 98.6% (continued) | Shares | Value ($) | |
Consumer Services - 1.6% (continued) | |||
Wynn Resorts | 8,918 | 868,792 | |
Yum! Brands | 41,913 | 3,806,120 | |
34,808,427 | |||
Diversified Financials - 4.7% | |||
Affiliated Managers Group | 6,206 | b | 898,008 |
American Express | 87,600 | 5,609,904 | |
Ameriprise Financial | 18,937 | 1,889,345 | |
Bank of New York Mellon | 120,372 | 4,800,435 | |
Berkshire Hathaway, Cl. B | 213,631 | b | 30,863,271 |
BlackRock | 13,760 | 4,987,450 | |
Capital One Financial | 57,571 | 4,135,325 | |
Charles Schwab | 134,898 | 4,258,730 | |
CME Group | 37,983 | 3,969,983 | |
Discover Financial Services | 46,426 | 2,625,390 | |
E*TRADE Financial | 32,190 | b | 937,373 |
Franklin Resources | 39,758 | 1,414,192 | |
Goldman Sachs Group | 42,509 | 6,855,426 | |
Intercontinental Exchange | 13,201 | 3,555,821 | |
Invesco | 46,902 | 1,466,626 | |
Legg Mason | 11,069 | 370,590 | |
Leucadia National | 36,418 | 693,399 | |
Moody's | 19,282 | 2,087,855 | |
Morgan Stanley | 165,924 | 5,319,523 | |
Nasdaq | 13,061 | 882,140 | |
Navient | 38,690 | 559,844 | |
Northern Trust | 23,950 | 1,628,361 | |
S&P Global | 30,313 | 3,836,413 | |
State Street | 41,470 | 2,887,556 | |
Synchrony Financial | 91,998 | 2,575,944 | |
T. Rowe Price Group | 28,009 | 1,862,599 | |
100,971,503 | |||
Energy - 7.1% | |||
Anadarko Petroleum | 60,690 | 3,845,318 | |
Apache | 42,662 | 2,724,822 | |
Baker Hughes | 48,414 | 2,443,455 | |
Cabot Oil & Gas | 50,852 | 1,311,982 | |
Chesapeake Energy | 72,635 | b | 455,421 |
Chevron | 212,395 | 21,859,693 | |
Cimarex Energy | 10,282 | 1,381,592 | |
Concho Resources | 15,923 | b | 2,187,024 |
Common Stocks - 98.6% (continued) | Shares | Value ($) | |
Energy - 7.1% (continued) | |||
ConocoPhillips | 138,919 | 6,038,809 | |
Devon Energy | 58,745 | 2,591,242 | |
EOG Resources | 61,410 | 5,938,961 | |
EQT | 19,349 | 1,405,124 | |
Exxon Mobil | 466,875 | 40,748,850 | |
FMC Technologies | 26,101 | b | 774,417 |
Halliburton | 95,816 | 4,300,222 | |
Helmerich & Payne | 11,716 | a | 788,487 |
Hess | 29,481 | 1,580,771 | |
Kinder Morgan | 215,542 | 4,985,486 | |
Marathon Oil | 93,228 | 1,473,935 | |
Marathon Petroleum | 59,509 | 2,415,470 | |
Murphy Oil | 17,960 | a | 545,984 |
National Oilwell Varco | 42,858 | a | 1,574,603 |
Newfield Exploration | 21,907 | b | 952,078 |
Noble Energy | 46,865 | 1,674,955 | |
Occidental Petroleum | 85,328 | 6,222,118 | |
ONEOK | 23,366 | 1,200,779 | |
Phillips 66 | 50,198 | 4,043,449 | |
Pioneer Natural Resources | 19,052 | 3,537,004 | |
Range Resources | 21,056 | 815,920 | |
Schlumberger | 156,536 | 12,309,991 | |
Southwestern Energy | 54,891 | b | 759,691 |
Spectra Energy | 78,839 | 3,370,367 | |
Tesoro | 13,539 | 1,077,163 | |
Transocean | 37,259 | a,b | 397,181 |
Valero Energy | 52,038 | 2,758,014 | |
Williams | 76,768 | 2,359,081 | |
152,849,459 | |||
Food & Staples Retailing - 2.1% | |||
Costco Wholesale | 49,111 | 7,489,919 | |
CVS Health | 120,677 | 10,739,046 | |
Kroger | 108,916 | 3,232,627 | |
Sysco | 58,554 | 2,869,732 | |
Walgreens Boots Alliance | 96,543 | 7,783,297 | |
Wal-Mart Stores | 171,598 | 12,375,648 | |
Whole Foods Market | 36,455 | a | 1,033,499 |
45,523,768 | |||
Food, Beverage & Tobacco - 5.5% | |||
Altria Group | 219,491 | 13,878,416 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Common Stocks - 98.6% (continued) | Shares | Value ($) | |
Food, Beverage & Tobacco - 5.5% (continued) | |||
Archer-Daniels-Midland | 67,376 | 2,841,246 | |
Brown-Forman, Cl. B | 20,697 | a | 981,866 |
Campbell Soup | 21,784 | 1,191,585 | |
Coca-Cola | 436,849 | 18,487,450 | |
ConAgra Foods | 47,952 | 2,259,019 | |
Constellation Brands, Cl. A | 19,625 | 3,267,366 | |
Dr. Pepper Snapple Group | 21,059 | 1,922,897 | |
General Mills | 66,724 | 4,262,329 | |
Hershey | 15,825 | 1,512,870 | |
Hormel Foods | 30,855 | 1,170,330 | |
J.M. Smucker | 13,216 | 1,791,297 | |
Kellogg | 28,520 | 2,209,444 | |
Kraft Heinz | 66,832 | 5,982,132 | |
McCormick & Co. | 12,842 | 1,283,173 | |
Mead Johnson Nutrition | 20,928 | 1,653,521 | |
Molson Coors Brewing, Cl. B | 20,165 | 2,214,117 | |
Mondelez International, Cl. A | 174,322 | 7,652,736 | |
Monster Beverage | 15,252 | b | 2,239,146 |
PepsiCo | 161,626 | 17,580,060 | |
Philip Morris International | 174,043 | 16,920,460 | |
Reynolds American | 92,054 | 4,340,346 | |
Tyson Foods, Cl. A | 32,807 | 2,449,699 | |
118,091,505 | |||
Health Care Equipment & Services - 5.4% | |||
Abbott Laboratories | 165,863 | 7,014,346 | |
Aetna | 39,472 | 4,557,042 | |
AmerisourceBergen | 20,661 | 1,668,996 | |
Anthem | 29,493 | 3,695,768 | |
Baxter International | 55,464 | 2,640,086 | |
Becton Dickinson & Co. | 23,802 | 4,277,933 | |
Boston Scientific | 152,189 | b | 3,622,098 |
C.R. Bard | 8,185 | 1,835,732 | |
Cardinal Health | 36,264 | 2,817,713 | |
Centene | 19,000 | b | 1,272,240 |
Cerner | 34,052 | b | 2,102,711 |
Cigna | 28,770 | 3,749,306 | |
Cooper | 4,928 | 883,393 | |
Danaher | 68,348 | 5,357,800 | |
DaVita | 18,721 | b | 1,236,896 |
DENTSPLY SIRONA | 26,832 | 1,594,626 |
Common Stocks - 98.6% (continued) | Shares | Value ($) | |
Health Care Equipment & Services - 5.4% (continued) | |||
Edwards Lifesciences | 23,958 | b | 2,888,377 |
Express Scripts Holding | 71,650 | b | 5,053,475 |
HCA Holdings | 34,234 | b | 2,589,117 |
Henry Schein | 9,183 | b | 1,496,645 |
Hologic | 31,059 | b | 1,206,021 |
Humana | 16,418 | 2,904,180 | |
Intuitive Surgical | 4,269 | b | 3,094,299 |
Laboratory Corporation of America Holdings | 11,070 | b | 1,521,904 |
McKesson | 25,275 | 4,214,606 | |
Medtronic | 155,697 | 13,452,221 | |
Patterson | 9,008 | 413,828 | |
Quest Diagnostics | 15,804 | 1,337,493 | |
St. Jude Medical | 31,874 | 2,542,270 | |
Stryker | 34,907 | 4,063,524 | |
UnitedHealth Group | 107,221 | 15,010,940 | |
Universal Health Services, Cl. B | 10,032 | 1,236,143 | |
Varian Medical Systems | 11,368 | a,b | 1,131,457 |
Zimmer Biomet Holdings | 22,480 | 2,922,850 | |
115,406,036 | |||
Household & Personal Products - 2.1% | |||
Church & Dwight | 29,176 | 1,398,114 | |
Clorox | 14,394 | 1,801,841 | |
Colgate-Palmolive | 100,185 | 7,427,716 | |
Estee Lauder, Cl. A | 24,379 | 2,159,004 | |
Kimberly-Clark | 40,244 | 5,076,378 | |
Procter & Gamble | 303,996 | 27,283,641 | |
45,146,694 | |||
Insurance - 2.6% | |||
Aflac | 46,537 | 3,344,614 | |
Allstate | 42,078 | 2,910,956 | |
American International Group | 115,098 | 6,829,915 | |
Aon | 29,774 | 3,349,277 | |
Arthur J. Gallagher & Co. | 19,742 | 1,004,276 | |
Assurant | 6,829 | 629,975 | |
Chubb | 52,105 | 6,546,993 | |
Cincinnati Financial | 16,738 | 1,262,380 | |
Hartford Financial Services Group | 44,497 | 1,905,362 | |
Lincoln National | 26,329 | 1,236,936 | |
Loews | 30,064 | 1,237,134 | |
Marsh & McLennan Cos. | 58,112 | 3,908,032 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Common Stocks - 98.6% (continued) | Shares | Value ($) | |
Insurance - 2.6% (continued) | |||
MetLife | 123,246 | 5,475,820 | |
Principal Financial Group | 29,776 | a | 1,533,762 |
Progressive | 64,601 | 2,034,932 | |
Prudential Financial | 49,585 | 4,048,615 | |
Torchmark | 13,662 | 872,865 | |
Travelers | 33,052 | 3,786,107 | |
Unum Group | 27,151 | 958,702 | |
Willis Towers Watson | 15,281 | 2,028,858 | |
XL Group | 31,094 | 1,045,691 | |
55,951,202 | |||
Materials - 2.8% | |||
Air Products & Chemicals | 24,250 | 3,645,745 | |
Albemarle | 12,596 | 1,076,832 | |
Alcoa | 144,386 | 1,464,074 | |
Avery Dennison | 9,516 | 740,250 | |
Ball | 19,568 | 1,603,598 | |
CF Industries Holdings | 26,859 | 654,017 | |
Dow Chemical | 126,810 | 6,572,562 | |
E.I. du Pont de Nemours & Co. | 97,569 | 6,534,196 | |
Eastman Chemical | 15,962 | 1,080,308 | |
Ecolab | 29,358 | 3,573,456 | |
FMC | 14,705 | 710,840 | |
Freeport-McMoRan | 139,284 | a | 1,512,624 |
International Flavors & Fragrances | 8,842 | 1,264,141 | |
International Paper | 46,473 | 2,229,775 | |
LyondellBasell Industries, Cl. A | 38,732 | 3,124,123 | |
Martin Marietta Materials | 7,404 | 1,326,130 | |
Monsanto | 49,243 | 5,032,635 | |
Mosaic | 39,295 | 961,156 | |
Newmont Mining | 58,102 | 2,282,828 | |
Nucor | 35,477 | 1,754,338 | |
Owens-Illinois | 18,106 | b | 332,969 |
PPG Industries | 29,912 | 3,091,704 | |
Praxair | 32,089 | 3,877,314 | |
Sealed Air | 22,022 | 1,009,048 | |
Sherwin-Williams | 9,027 | 2,497,410 | |
Vulcan Materials | 14,776 | 1,680,475 | |
WestRock | 29,036 | 1,407,642 | |
61,040,190 |
Common Stocks - 98.6% (continued) | Shares | Value ($) | |
Media - 2.9% | |||
CBS, Cl. B | 46,707 | 2,556,741 | |
Charter Communications, Cl. A | 24,259 | b | 6,549,202 |
Comcast, Cl. A | 271,763 | 18,028,757 | |
Discovery Communications, Cl. A | 16,778 | b | 451,664 |
Discovery Communications, Cl. C | 26,806 | b | 705,266 |
Interpublic Group of Companies | 45,800 | 1,023,630 | |
News Corp., Cl. A | 42,339 | 591,899 | |
News Corp., Cl. B | 11,662 | 165,834 | |
Omnicom Group | 27,006 | 2,295,510 | |
Scripps Networks Interactive, Cl. A | 10,903 | 692,231 | |
TEGNA | 24,620 | 538,193 | |
Time Warner | 87,665 | 6,979,011 | |
Twenty-First Century Fox, Cl. A | 120,101 | 2,908,846 | |
Twenty-First Century Fox, Cl. B | 54,492 | 1,348,132 | |
Viacom, Cl. B | 39,470 | 1,503,807 | |
Walt Disney | 166,569 | 15,467,597 | |
61,806,320 | |||
Pharmaceuticals, Biotechnology & Life Sciences - 9.1% | |||
AbbVie | 183,295 | a | 11,560,416 |
Agilent Technologies | 37,187 | 1,751,136 | |
Alexion Pharmaceuticals | 24,810 | b | 3,040,217 |
Allergan | 44,378 | b | 10,220,697 |
Amgen | 84,282 | 14,059,080 | |
Biogen | 24,642 | b | 7,713,685 |
Bristol-Myers Squibb | 188,077 | 10,141,112 | |
Celgene | 87,527 | b | 9,149,197 |
Eli Lilly & Co. | 109,343 | 8,775,869 | |
Endo International | 22,198 | b | 447,290 |
Gilead Sciences | 149,643 | 11,839,754 | |
Illumina | 16,407 | b | 2,980,496 |
Johnson & Johnson | 308,410 | 36,432,473 | |
Mallinckrodt | 12,698 | b | 886,066 |
Merck & Co. | 310,302 | 19,365,948 | |
Mettler-Toledo International | 3,001 | b | 1,259,910 |
Mylan | 51,607 | b | 1,967,259 |
PerkinElmer | 12,123 | 680,222 | |
Perrigo | 16,097 | 1,486,236 | |
Pfizer | 682,931 | 23,130,873 | |
Regeneron Pharmaceuticals | 8,510 | b | 3,421,190 |
Thermo Fisher Scientific | 44,021 | 7,001,980 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Common Stocks - 98.6% (continued) | Shares | Value ($) | |
Pharmaceuticals, Biotechnology & Life Sciences - 9.1% (continued) | |||
Vertex Pharmaceuticals | 27,284 | b | 2,379,438 |
Waters | 8,990 | b | 1,424,825 |
Zoetis | 55,501 | 2,886,607 | |
194,001,976 | |||
Real Estate - 3.0% | |||
American Tower | 47,342 | c | 5,365,269 |
Apartment Investment & Management, Cl. A | 17,129 | c | 786,392 |
AvalonBay Communities | 15,192 | c | 2,701,745 |
Boston Properties | 16,862 | c | 2,298,122 |
CBRE Group, Cl. A | 33,493 | b,c | 937,134 |
Crown Castle International | 37,973 | c | 3,577,436 |
Digital Realty Trust | 16,351 | a,c | 1,588,009 |
Equinix | 7,993 | c | 2,879,478 |
Equity Residential | 40,529 | c | 2,607,231 |
Essex Property Trust | 7,209 | c | 1,605,444 |
Extra Space Storage | 13,718 | c | 1,089,346 |
Federal Realty Investment Trust | 7,716 | c | 1,187,724 |
General Growth Properties | 64,692 | c | 1,785,499 |
HCP | 52,374 | a,c | 1,987,593 |
Host Hotels & Resorts | 83,282 | c | 1,296,701 |
Iron Mountain | 26,946 | c | 1,011,283 |
Kimco Realty | 47,152 | c | 1,365,050 |
Macerich | 14,237 | c | 1,151,346 |
Prologis | 58,177 | c | 3,114,797 |
Public Storage | 16,530 | c | 3,688,504 |
Realty Income | 28,881 | c | 1,933,005 |
Simon Property Group | 35,337 | c | 7,315,112 |
SL Green Realty | 10,988 | c | 1,187,803 |
UDR | 29,091 | c | 1,046,985 |
Ventas | 39,462 | c | 2,787,201 |
Vornado Realty Trust | 19,624 | c | 1,986,145 |
Welltower | 39,638 | c | 2,963,733 |
Weyerhaeuser | 84,114 | c | 2,686,601 |
63,930,688 | |||
Retailing - 5.6% | |||
Advance Auto Parts | 8,069 | 1,203,249 | |
Amazon.com | 44,265 | b | 37,063,527 |
AutoNation | 7,413 | a,b | 361,087 |
AutoZone | 3,399 | b | 2,611,588 |
Bed Bath & Beyond | 17,332 | 747,183 |
Common Stocks - 98.6% (continued) | Shares | Value ($) | |
Retailing - 5.6% (continued) | |||
Best Buy | 32,874 | a | 1,255,129 |
CarMax | 21,971 | a,b | 1,172,153 |
Dollar General | 29,325 | 2,052,457 | |
Dollar Tree | 26,188 | b | 2,067,019 |
Expedia | 13,536 | 1,579,922 | |
Foot Locker | 15,344 | a | 1,039,096 |
Gap | 26,364 | a | 586,335 |
Genuine Parts | 17,058 | 1,713,476 | |
Home Depot | 139,716 | 17,978,655 | |
Kohl's | 22,084 | a | 966,175 |
L Brands | 27,116 | 1,918,999 | |
LKQ | 34,220 | b | 1,213,441 |
Lowe's | 99,576 | 7,190,383 | |
Macy's | 34,787 | 1,288,858 | |
Netflix | 48,239 | a,b | 4,753,953 |
Nordstrom | 13,213 | 685,490 | |
O'Reilly Automotive | 10,880 | b | 3,047,597 |
Priceline Group | 5,588 | b | 8,222,686 |
Ross Stores | 45,361 | 2,916,712 | |
Signet Jewelers | 8,845 | 659,218 | |
Staples | 68,569 | 586,265 | |
Target | 64,809 | 4,451,082 | |
The TJX Companies | 74,660 | 5,583,075 | |
Tiffany & Co. | 12,708 | a | 922,982 |
Tractor Supply | 14,814 | 997,723 | |
TripAdvisor | 12,112 | b | 765,236 |
Ulta Salon Cosmetics & Fragrance | 6,632 | b | 1,578,283 |
Urban Outfitters | 10,351 | b | 357,317 |
119,536,351 | |||
Semiconductors & Semiconductor Equipment - 3.2% | |||
Analog Devices | 34,867 | 2,247,178 | |
Applied Materials | 122,571 | 3,695,516 | |
Broadcom | 44,390 | 7,658,163 | |
First Solar | 7,929 | a,b | 313,116 |
Intel | 532,617 | 20,106,292 | |
KLA-Tencor | 17,400 | 1,212,954 | |
Lam Research | 17,341 | a | 1,642,366 |
Linear Technology | 26,310 | 1,559,920 | |
Microchip Technology | 24,065 | 1,495,399 | |
Micron Technology | 120,214 | b | 2,137,405 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Common Stocks - 98.6% (continued) | Shares | Value ($) | |
Semiconductors & Semiconductor Equipment - 3.2% (continued) | |||
NVIDIA | 60,133 | a | 4,120,313 |
Qorvo | 14,534 | b | 810,125 |
QUALCOMM | 164,991 | 11,301,884 | |
Skyworks Solutions | 21,180 | a | 1,612,645 |
Texas Instruments | 113,503 | 7,965,641 | |
Xilinx | 28,382 | 1,542,278 | |
69,421,195 | |||
Software & Services - 12.5% | |||
Accenture, Cl. A | 70,161 | 8,571,569 | |
Activision Blizzard | 75,833 | 3,359,402 | |
Adobe Systems | 55,658 | b | 6,041,119 |
Akamai Technologies | 19,815 | b | 1,049,997 |
Alliance Data Systems | 6,883 | b | 1,476,610 |
Alphabet, Cl. A | 33,190 | b | 26,686,751 |
Alphabet, Cl. C | 33,210 | b | 25,813,801 |
Autodesk | 22,174 | b | 1,603,845 |
Automatic Data Processing | 51,961 | 4,582,960 | |
CA | 35,277 | 1,166,963 | |
Citrix Systems | 17,304 | b | 1,474,647 |
Cognizant Technology Solutions, Cl. A | 68,285 | b | 3,257,877 |
CSRA | 15,162 | 407,858 | |
eBay | 118,405 | b | 3,895,525 |
Electronic Arts | 34,042 | b | 2,907,187 |
Facebook, Cl. A | 261,480 | b | 33,540,040 |
Fidelity National Information Services | 36,625 | 2,821,224 | |
Fiserv | 24,974 | b | 2,484,164 |
Global Payments | 17,220 | 1,321,807 | |
International Business Machines | 97,996 | 15,566,665 | |
Intuit | 27,652 | 3,041,997 | |
MasterCard, Cl. A | 108,038 | 10,995,027 | |
Microsoft | 877,758 | 50,558,861 | |
Oracle | 339,441 | 13,333,243 | |
Paychex | 35,741 | 2,068,332 | |
PayPal Holdings | 126,255 | b | 5,172,667 |
Red Hat | 19,963 | b | 1,613,609 |
salesforce.com | 72,456 | b | 5,168,287 |
Symantec | 69,197 | 1,736,845 | |
Teradata | 16,481 | b | 510,911 |
Total System Services | 18,754 | 884,251 | |
VeriSign | 10,951 | a,b | 856,806 |
Common Stocks - 98.6% (continued) | Shares | Value ($) | |
Software & Services - 12.5% (continued) | |||
Visa, Cl. A | 212,543 | 17,577,306 | |
Western Union | 56,534 | 1,177,038 | |
Xerox | 96,376 | 976,289 | |
Yahoo! | 97,237 | b | 4,190,915 |
267,892,395 | |||
Technology Hardware & Equipment - 5.2% | |||
Amphenol, Cl. A | 33,823 | 2,195,789 | |
Apple | 607,207 | 68,644,751 | |
Cisco Systems | 564,386 | 17,902,324 | |
Corning | 116,972 | 2,766,388 | |
F5 Networks | 7,782 | b | 969,949 |
FLIR Systems | 15,166 | 476,516 | |
Harris | 13,494 | 1,236,185 | |
Hewlett Packard Enterprise | 186,815 | 4,250,041 | |
HP | 193,428 | 3,003,937 | |
Juniper Networks | 42,907 | 1,032,342 | |
Motorola Solutions | 18,713 | 1,427,428 | |
NetApp | 31,516 | 1,128,903 | |
Seagate Technology | 33,426 | a | 1,288,572 |
TE Connectivity | 40,200 | 2,588,076 | |
Western Digital | 30,807 | 1,801,285 | |
110,712,486 | |||
Telecommunication Services - 2.6% | |||
AT&T | 692,680 | 28,129,735 | |
CenturyLink | 61,508 | 1,687,164 | |
Frontier Communications | 126,110 | a | 524,618 |
Level 3 Communications | 32,503 | b | 1,507,489 |
Verizon Communications | 458,953 | 23,856,377 | |
55,705,383 | |||
Transportation - 2.1% | |||
Alaska Air Group | 13,736 | 904,653 | |
American Airlines Group | 59,942 | 2,194,477 | |
CH Robinson Worldwide | 16,089 | 1,133,631 | |
CSX | 107,426 | 3,276,493 | |
Delta Air Lines | 84,518 | 3,326,629 | |
Expeditors International of Washington | 20,436 | 1,052,863 | |
FedEx | 27,538 | 4,810,338 | |
J.B. Hunt Transport Services | 10,158 | 824,220 | |
Kansas City Southern | 12,245 | 1,142,703 | |
Norfolk Southern | 33,539 | 3,255,295 |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Common Stocks - 98.6% (continued) | Shares | Value ($) | |
Transportation - 2.1% (continued) | |||
Ryder System | 5,594 | 368,924 | |
Southwest Airlines | 70,001 | 2,722,339 | |
Union Pacific | 93,841 | 9,152,313 | |
United Continental Holdings | 33,278 | b | 1,746,097 |
United Parcel Service, Cl. B | 77,811 | 8,509,411 | |
44,420,386 | |||
Utilities - 3.2% | |||
AES | 71,053 | 913,031 | |
Alliant Energy | 25,476 | 975,986 | |
Ameren | 27,309 | 1,343,057 | |
American Electric Power | 54,807 | 3,519,157 | |
American Water Works | 19,959 | 1,493,732 | |
CenterPoint Energy | 49,503 | 1,149,955 | |
CMS Energy | 30,145 | 1,266,391 | |
Consolidated Edison | 34,098 | 2,567,579 | |
Dominion Resources | 70,399 | 5,228,534 | |
DTE Energy | 19,966 | 1,870,215 | |
Duke Energy | 77,279 | 6,185,411 | |
Edison International | 36,276 | 2,620,941 | |
Entergy | 20,377 | 1,563,527 | |
Eversource Energy | 34,641 | 1,876,849 | |
Exelon | 103,820 | 3,456,168 | |
FirstEnergy | 46,108 | 1,525,253 | |
NextEra Energy | 52,540 | 6,426,693 | |
NiSource | 34,042 | 820,753 | |
NRG Energy | 37,334 | 418,514 | |
PG&E | 55,634 | 3,403,132 | |
Pinnacle West Capital | 12,470 | 947,595 | |
PPL | 74,465 | 2,574,255 | |
Public Service Enterprise Group | 56,373 | 2,360,338 | |
SCANA | 15,178 | 1,098,432 | |
Sempra Energy | 28,053 | 3,007,001 | |
Southern | 109,964 | 5,641,153 | |
WEC Energy Group | 35,907 | 2,150,111 | |
Xcel Energy | 55,621 | 2,288,248 | |
68,692,011 | |||
Total Common Stocks (cost $908,167,688) | 2,110,555,560 |
Principal | ||||
Short-Term Investments - .1% | Amount ($) | Value ($) | ||
U.S. Treasury Bills | ||||
0.35%, 12/15/16 | ||||
(cost $1,463,946) | 1,465,000 | d | 1,464,499 | |
Other Investment - 1.2% | Shares | Value ($) | ||
Registered Investment Company; | ||||
Dreyfus Institutional Preferred Government Plus Money Market Fund | ||||
(cost $25,704,599) | 25,704,599 | e | 25,704,599 | |
Investment of Cash Collateral for Securities Loaned - .7% | ||||
Registered Investment Company; | ||||
Dreyfus Institutional Cash Advantage Fund, Institutional Shares | ||||
(cost $14,398,466) | 14,398,466 | e | 14,398,466 | |
Total Investments (cost $949,734,699) | 100.6 | % | 2,152,123,124 | |
Liabilities, Less Cash and Receivables | (.6 | %) | (12,374,496 | ) |
Net Assets | 100.0 | % | 2,139,748,628 |
a Security, or portion thereof, on loan. At September 30, 2016, the value of the fund’s securities on loan was $47,166,952 and the |
value of the collateral held by the fund was $47,801,370, consisting of cash collateral of $14,398,466 and U.S. Government & |
Agency securities valued at $33,402,904. |
b Non-income producing security. |
c Investment in real estate investment trust. |
d Held by or on behalf of a counterparty for open financial futures contracts. |
e Investment in affiliated money market mutual fund. |
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Portfolio Summary (Unaudited)† | Value (%) |
Software & Services | 12.5 |
Pharmaceuticals, Biotechnology & Life Sciences | 9.1 |
Energy | 7.1 |
Capital Goods | 7.0 |
Retailing | 5.6 |
Food, Beverage & Tobacco | 5.5 |
Health Care Equipment & Services | 5.4 |
Banks | 5.3 |
Technology Hardware & Equipment | 5.2 |
Diversified Financials | 4.7 |
Semiconductors & Semiconductor Equipment | 3.2 |
Utilities | 3.2 |
Real Estate | 3.0 |
Media | 2.9 |
Materials | 2.8 |
Insurance | 2.6 |
Telecommunication Services | 2.6 |
Food & Staples Retailing | 2.1 |
Household & Personal Products | 2.1 |
Transportation | 2.1 |
Short-Term/Money Market Investments | 2.0 |
Consumer Services | 1.6 |
Consumer Durables & Apparel | 1.4 |
Automobiles & Components | 1.0 |
Commercial & Professional Services | .6 |
100.6 |
† Based on net assets. |
See notes to financial statements. |
STATEMENT OF INVESTMENTS
Dreyfus Stock Index Fund, Inc.
September 30, 2016 (Unaudited)
The following is a summary of the inputs used as of September 30, 2016 in valuing the fund’s investments:
Level 2 - Other | ||||
Level 1 - Unadjusted | Significant | Level 3 -Significant | ||
Quoted Prices | Observable Inputs | Unobservable Inputs | Total | |
Assets ($) | ||||
Investments in Securities: | ||||
Equity Securities— | ||||
Domestic Common | ||||
Stocks† | 2,098,869,555 | - | - | 2,098,869,555 |
Equity Securities— | ||||
Foreign Common | ||||
Stocks† | 11,686,005 | - | - | 11,686,005 |
Mutual Funds | 40,103,065 | - | - | 40,103,065 |
U.S. Treasury | - | 1.464,499 | - | 1,464,499 |
Other Financial | ||||
Instruments: | ||||
Financial Futures†† | 564,227 | - | - | 564,227 |
† | See Statement of Investments for additional detailed categorizations. |
†† | Amount shown represents unrealized appreciation at period end. |
STATEMENT OF FINANCIAL FUTURES
Dreyfus Stock Index Fund, Inc.
September 30, 2016 (Unaudited)
Market Value | ||||
Covered by | Unrealized | |||
Contracts | Contracts ($) | Expiration | Appreciation ($) | |
Financial Futures Long | ||||
Standard & Poor's 500 E-mini | 272 | 29,381,440 | December 2016 | 564,227 |
Gross Unrealized Appreciation | 564,227 |
See notes to financial statements.
NOTES
The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund’s financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.
The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).
Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.
Various inputs are used in determining the value of the fund’s investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:
Level 1—unadjusted quoted prices in active markets for identical investments.
Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).
Level 3—significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments).
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund’s investments are as follows:
Investments in securities are valued at the last sales price on the securities exchange or national securities market on which such securities are primarily traded. Securities listed on the National Market System for which market quotations are available are valued at the official closing price or, if there is no official closing price that day, at the last sales price. For open short positions, asked prices are used for valuation purposes. Bid price is used when no asked price is available. Registered investment companies that are not
NOTES
traded on an exchange are valued at their net asset value. All of the preceding securities are generally categorized within Level 1 of the fair value hierarchy.
Securities not listed on an exchange or the national securities market, or securities for which there were no transactions, are valued at the average of the most recent bid and asked prices. U.S. Treasury Bills are valued at the mean price between quoted bid prices and asked prices by an independent pricing service (the "Service") approved by the Board Members ("Board").These securities are generally categorized within Level 2 of the fair value hierarchy.
The Service’s procedures are reviewed by Dreyfus under the general supervision of the Board.
Fair valuing of securities may be determined with the assistance of a pricing service using calculations based on indices of domestic securities and other appropriate indicators, such as prices of relevant American Depository Receipts and financial futures. Utilizing these techniques may result in transfers between Level 1 and Level 2 of the fair value hierarchy.
When market quotations or official closing prices are not readily available, or are determined not to reflect accurately fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market), but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.
For restricted securities where observable inputs are limited, assumptions about market activity and risk are used and are generally categorized within Level 3 of the fair value hierarchy.
Financial futures, which are traded on an exchange, are valued at the last sales price on the securities exchange on which such securities are primarily traded or at the last sales price on the national securities market on each business day and are generally categorized within Level 1 of the fair value hierarchy.
Pursuant to a securities lending agreement with The Bank of New York Mellon, a subsidiary of BNY Mellon and an affiliate of Dreyfus, the fund may lend securities to qualified institutions. It is the fund’s policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral equivalent to at least 100% of the market value of securities on loan is maintained at all times. Collateral is either in the form of cash,
NOTES
which can be invested in certain money market mutual funds managed by Dreyfus or U.S. Government and Agency securities. The fund is entitled to receive all dividends, interest and distributions on securities loaned, in addition to income earned as a result of the lending transaction. Should a borrower fail to return the securities in a timely manner, The Bank of New York Mellon is required to replace the securities for the benefit of the fund or credit the fund with the market value of the unreturned securities and is subrogated to the fund’s rights against the borrower and the collateral.
Effective July 1, 2015, the fund adopted new accounting guidance under Accounting Standards Update No. 2014-11, which requires expanded disclosures related to financial assets pledged in secured financing transactions (such as securities lending) and the related contractual maturity terms of these secured transactions. The type of securities loaned for which cash collateral was received, is indicated in the Statement of Investments. Additionally, the contractual maturity of security lending transactions are on an overnight and continuous basis.
Derivatives: A derivative is a financial instrument whose performance is derived from the performance of another asset. Each type of derivative instrument that was held by the fund at September 30, 2016 is discussed below.
Financial Futures: In the normal course of pursuing its investment objective, the fund is exposed to market risk, including interest rate risk as a result of changes in value of underlying financial instruments. The fund invests in financial futures in order to manage its exposure to or protect against changes in the market. A financial futures contract represents a commitment for the future purchase or a sale of an asset at a specified date. Upon entering into such contracts, these investments require initial margin deposits with a counterparty, which consist of cash or cash equivalents. The amount of these deposits is determined by the exchange or Board of Trade on which the contract is traded and is subject to change. Accordingly, variation margin payments are received or made to reflect daily unrealized gains or losses which are recorded in the Statement of Operations. When the contracts are closed, the fund recognizes a realized gain or loss which is reflected in the Statement of Operations. There is minimal counterparty credit risk to the fund with financial futures since they are exchange traded, and the exchange guarantees the financial futures against default.
At September 30, 2016, accumulated net unrealized appreciation on investments was $1,202,388,425, consisting of $1,239,831,393 gross unrealized appreciation and $37,442,968 gross unrealized depreciation.
At September 30, 2016, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement of Investments).
Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.
Item 2. Controls and Procedures.
(a) The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.
(b) There were no changes to the Registrant's internal control over financial reporting that occurred during the Registrant's most recently ended fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.
Item 3. Exhibits.
(a) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.
FORM N-Q
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dreyfus Stock Index Fund, Inc.
By: /s/ Bradley J. Skapyak
Bradley J. Skapyak
President
Date: November 16, 2016
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
By: /s/ Bradley J. Skapyak
Bradley J. Skapyak
President
Date: November 16, 2016
By: /s/ James Windels
James Windels
Treasurer
Date: November 16, 2016
EXHIBIT INDEX
(a) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940. (EX-99.CERT)
SECTION 302 CERTIFICATION
I, Bradley J. Skapyak, certify that:
1. I have reviewed this report on Form N-Q of Dreyfus Stock Index Fund, Inc.;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting;
5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
By: /s/ Bradley J. Skapyak
Bradley J. Skapyak
President
Date: November 16, 2016
SECTION 302 CERTIFICATION
I, James Windels, certify that:
1. I have reviewed this report on Form N-Q of Dreyfus Stock Index Fund, Inc.;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting;
5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
By: /s/ James Windels
James Windels
Treasurer
Date: November 16, 2016