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Individual Investors

    BNY Mellon Global Real Estate Securities Fund

    Why invest in this Fund?

    The fund seeks to maximize total return consisting of capital appreciation and current income. To pursue this goal, the fund normally invests at least 80% of its assets, plus any borrowings for investment purposes, in publicly-traded equity securities of companies principally engaged in the real estate sector. The fund's equity investments may include common stocks, preferred stocks, convertible securities, warrants, equity interests in foreign investment funds or trusts, depositary receipts and other equity investments.
    Min. class investment
    $1,000
    Class Inception Date
    09/13/08
    Fund Assets
    $339,323,554  As of  02/03/23
    Class Assets
    $485,542  As of  02/03/23
    Portfolio Turnover Rate
    74.59% As of fiscal year end  10/31/22
    Morningstar Category
    Global Real Estate
    Benchmark
    FTSE EPRA/NAREIT Developed Index (Net)
    Morningstar Overall Rating
    Fund Holdings
    92 As of 12/31/22

    Morningstar Rating™ as of December 31, 2022 for the Class C class shares; other classes may have different performance characteristics. Overall rating for the Global Real Estate category. Fund ratings are out of 5 Stars: Overall 3 Stars (184 funds rated); 3 Yrs. 4 Stars (184 funds rated); 5 Yrs. 3 Stars (173 funds rated); 10 Yrs. 3 Stars (109 funds rated). The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance (not including the effects of sales charges, loads and redemption fees if applicable), placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. © Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.

     

    Portfolio Managers

    • Dean Frankel

      Dean Frankel

      Global Co-Head, Real Estate Securities, CenterSquare

      16 yr(s). on fund

    • Todd E. Briddell

      Todd E. Briddell

      Portfolio Manager,

      9 yr(s). on fund


    Total Returns

    Click here to see SALES CHARGE  Max Sales Charge:  1.00%  CDSC Load
    Average Annual
    As of 01/31/23
    Name 3 MO
    01/31/23
    YTD
    01/31/23
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Global Real Estate Securities Fund
    DGBCX
    14.72 9.35 -12.54 -0.02 3.01 4.06 2.39
    Average Annual
    As of 12/31/22
    Name 3 MO
    12/31/22
    YTD
    12/31/22
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Global Real Estate Securities Fund
    DGBCX
    7.38 -23.95 -23.95 -2.63 1.20 3.35 1.83
    FTSE EPRA/NAREIT Developed Index (Net)
    6.85 -25.09 -25.09 -4.93 -0.23 2.99 -

    Reflects reinvestment of net dividends and, where applicable, capital gain distributions. The FTSE EPRA/NAREIT Developed Index (Net) is designed to track the performance of listed real estate companies and REITs worldwide. Investors cannot invest directly in any index.

    The total return performance figures presented for Class C shares of the fund represent the performance of the fund's Class A for periods prior to September 13, 2008, the inception date for Class C shares, and the performance of Class C, respectively, from that inception date. Performance reflects the applicable class' distribution/servicing fees since the inception date. Had these fees and expenses been reflected for periods prior, performance would have been different.

    Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

    Growth of $10,000 Investment

    Historical Performance

      These figures do not reflect the maximum sales charge which, if included, would reduce return.

      Yearly Total Return

      Investment return fluctuates and past performance is no guarantee of future results.


      Redemption Charge

      As of    REDEMPTION YEAR CDSC
      Year  1 1.00

      Class C shares are subject to a contingent deferred sales charge (CDSC) imposed on Class C shares redeemed within one year of purchase.

      Prospectus Fee Table Expense Ratios

      As of  03/01/22 Fee Description Expense Ratio (%)
      Management Fee 0.95%
      12B-1 Fee 0.75%
      Service Fee 0.25%
      Other Expenses 0.28%
      Total Expenses 2.23%
      Expenses Reimbursed 0.18%
      Net Expenses 2.05%
      Total Expenses is the total annual operating expense ratio for the fund, before any fee waivers or expense reimbursements. Net Expenses is the total annual operating expense ratio for the fund, after any applicable fee waivers or expense reimbursements. The Total Expenses, or Net Expenses (if including fee waivers or expense reimbursements) is the actual fund expense ratio applicable to investors.
      The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until March 1, 2023, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of the fund's classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed 1.05%. On or after March 1, 2023, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.

      Portfolio Manager/Sub-Investment Adviser

      The fund's investment adviser is BNY Mellon Investment Adviser, Inc. The fund's sub-investment adviser is CenterSquare. E. Todd Briddell and Dean Frankel are the fund's primary portfolio managers, positions they have held since June 2013 and December 2006, respectively. Mr. Briddell is the Chief Executive Officer and Chief Investment Officer of CenterSquare. Mr. Frankel is a senior portfolio manager for CenterSquare.

      Top Holdings

      As of 12/31/22

      Asset Allocation


          Daily Statistics

          As of 02/03/23 Name NAV Change 03/29/22  12 Month 
          High Nav
          10/14/22  12 Month 
          Low Nav
          YTD Return
          DGBCX
          $8.03
          -$0.16
          -1.95%
          $10.11 $6.89 10.45%

          Performance Metrics

          Overall Morningstar Rating


          MORNINGSTAR CATEGORY Global Real Estate


          Morningstar Rating™ as of 12/31/22 for the Class C shares; other classes may have different performance characteristics. Overall rating for the Global Real Estate. Fund ratings are out of 5 Stars: Overall 3 Stars (184 funds rated); 3 Yrs. 4 Stars (184 funds rated); 5 Yrs. 3 Stars (173 funds rated); 10 Yrs. 3 Stars (109 funds rated).
          The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance (not including the effects of sales charges, loads and redemption fees if applicable), placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-,and 10-year (if applicable) Morningstar Rating metrics. © Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.

          Lipper Rankings

          • 1 Year
            27 out of 164
          • 3 Year
            52 out of 156
          • 5 Year
            71 out of 147
          • 10 Year
            45 out of 86

          LIPPER CLASSIFICATION Global Real Estate Funds


          Lipper Category returns and rankings are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns. Rankings do not reflect sales loads

          Main Risks

          Equities are subject to market, market sector, market liquidity, issuer, and investment style risks to varying degrees.
          Investing in foreign denominated and/or domiciled securities involves special risks, including changes in currencyexchange rates, political, economic, and social instability, limited company information, differing auditing and legal standards, and less market liquidity. These risks generally are greater with emerging market countries.
          Risks ofinvesting in real estate securities are similar to those associated with direct investments in real estate, including falling property values due to increasing vacancies or declining rents resulting from economic, legal, political or technologicaldevelopments, lack of liquidity, limited diversification and sensitivity to certain economic factors such as interest rate changes and market recessions.
          Real estate investment trusts?are subject to risk, such as poor performance by the manager, adverse changes to tax laws or failure to qualify for tax-free pass-through of income.
          Recent market risks include pandemic risks related to COVID-19. The effects of COVID-19 have contributed to increased volatility in global markets and will likely affect certain countries, companies, industries and market sectors more dramatically than others. To the extent the fund may overweight its investments in certain countries, companies, industries or market sectors, such positions will increase the fund's exposure to risk of loss from adverse developments affecting those countries, companies, industries or sectors.

          Risk Metrics

          As of  12/31/22  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DGBCX
          22.41 -6.26 1.04 88.03 -0.04

          All risk metrics are provided by Morningstar. The index used in the calculations are determined by Morningstar which may not be the funds primary benchmark. The index Morningstar used for this analysis is MSCI ACWI Index.


          Dividend Schedule

          Declared
          Annually
          Distributed
          Annually
          Paid
          Annually
          Fiscal Year End
          Oct 31
          Year Dividend ($) Capital Gains ($)
          2022 0.0546 0.4153
          2021 0.2274 0.5125
          2020 0.0016 0.0360
          2019 0.3015 0.6170
          2018 0.1316 0.1620
          2017 0.1380 0.1837
          2016 0.2970 0.0897
          2015 0.1130 0.2566
          2014 0.1350 0.0411
          2013 0.1940 0.0000

          There is no guarantee that the fund will distribute any level annually. Capital gains may be short-term, long-term, or both.

          Distributions History

          Record Date Ex-Dividend Date Payable Date Ordinary 
          Non-Qualified 
          Dividends
          Qualified 
          Dividends
          Non-Qualified 
          Short-Term 
          Capital Gain
          Qualified 
          Short-Term 
          Capital Gain
          Long-Term 
          Capital Gain
          Total 
          Distribution
          Reinvest 
          NAV
          12/23/22 12/27/22 12/27/22 0.0100 0.0446 0.0000 0.0000 0.4153 0.4699 7.24
          Record Date Ex-Dividend Date Payable Date Ordinary 
          Non-Qualified 
          Dividends
          Qualified 
          Dividends
          Non-Qualified 
          Short-Term 
          Capital Gain
          Qualified 
          Short-Term 
          Capital Gain
          Long-Term 
          Capital Gain
          Total 
          Distribution
          Reinvest 
          NAV
          12/27/21 12/28/21 12/28/21 0.1545 0.0729 0.0335 0.0158 0.4632 0.7399 -
          12/24/20 12/28/20 12/28/20 0.0004 0.0012 0.0000 0.0000 0.0000 0.0016 -
          03/23/20 03/24/20 03/24/20 0.0000 0.0000 0.0057 0.0000 0.0303 0.0360 -
          12/24/19 12/26/19 12/26/19 0.2339 0.0676 0.0721 0.0208 0.4892 0.8836 -
          03/18/19 03/19/19 03/19/19 0.0000 0.0000 0.0036 0.0000 0.0313 0.0349 -
          12/24/18 12/26/18 12/26/18 0.1054 0.0262 0.0158 0.0039 0.1099 0.2612 -
          03/19/18 03/20/18 03/20/18 0.0000 0.0000 0.0000 0.0000 0.0324 0.0324 -
          12/22/17 12/26/17 12/26/17 0.0723 0.0657 0.0000 0.0000 0.1360 0.2740 -
          03/20/17 03/21/17 03/21/17 0.0000 0.0000 0.0025 0.0000 0.0452 0.0477 -
          12/23/16 12/27/16 12/27/16 0.2555 0.0415 0.0527 0.0086 0.0284 0.3867 -
          12/24/15 12/28/15 12/28/15 0.0866 0.0264 0.0078 0.0024 0.2464 0.3696 -
          12/24/14 12/26/14 12/26/14 0.1079 0.0271 0.0000 0.0000 0.0411 0.1761 -
          12/24/13 12/26/13 12/26/13 0.1802 0.0138 0.0000 0.0000 0.0000 0.1940 -
          12/24/12 12/26/12 12/26/12 0.3392 0.0288 0.0000 0.0000 0.0000 0.3680 -
          12/23/11 12/27/11 12/27/11 0.0594 0.0196 0.0000 0.0000 0.0000 0.0790 -
          03/30/11 03/31/11 03/31/11 0.0180 0.0000 0.0000 0.0000 0.0000 0.0180 -
          12/23/10 12/27/10 12/27/10 0.2257 0.0227 0.0000 0.0000 0.0000 0.2484 -
          12/28/09 12/29/09 12/29/09 0.2734 0.0286 0.0000 0.0000 0.0000 0.3020 -
          03/30/09 03/31/09 03/31/09 0.0040 0.0000 0.0000 0.0000 0.0000 0.0040 -
          12/26/08 12/29/08 12/29/08 0.0265 0.0055 0.0000 0.0000 0.0000 0.0320 -
          See all rows...

          Literature

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