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Individual Investors

    BNY Mellon Global Real Return Fund

    Why invest in this Fund?

    The fund seeks total return (consisting of capital appreciation and income). To pursue its investment objective, the fund uses an actively-managed multi-asset strategy to produce absolute or real returns with less volatility than major equity markets over a complete market cycle, typically a period of five years. Rather than managing to track a benchmark index, the fund seeks to provide returns that are largely independent of market moves.

    Min. class investment
    $1,000
    Class Inception Date
    05/12/10
    Fund Assets
    $2,962,578,595  As of  02/03/23
    Class Assets
    $29,188,063  As of  02/03/23
    Portfolio Turnover Rate
    73.19% As of fiscal year end  10/31/22
    Morningstar Category
    Tactical Allocation
    Benchmark
    FTSE One-Month U.S. Treasury Bill Index
    Morningstar Overall Rating
    Fund Holdings
    124 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 Tactical Allocation category. Fund ratings are out of 5 Stars: Overall 3 Stars (238 funds rated); 3 Yrs. 4 Stars (238 funds rated); 5 Yrs. 4 Stars (214 funds rated); 10 Yrs. 2 Stars (129 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

    • Aron Pataki

      Aron Pataki

      Portfolio Manager, Newton

      7 yr(s). on fund

    • Andrew  Warwick

      Andrew Warwick

      Portfolio Manager,

      4 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 Return Fund
    DRRCX
    3.12 1.35 -4.43 1.61 3.30 2.73 3.06
    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 Return Fund
    DRRCX
    1.88 -9.38 -9.38 1.41 2.92 2.75 2.97
    FTSE One-Month U.S. Treasury Bill Index
    0.88 1.48 1.48 0.66 1.20 0.71 -

    The FTSE One-Month U.S.Treasury Bill Index consists of the last one-month Treasury bill month-end rates. The FTSE One-Month U.S. Treasury Bill Index measures return equivalents of yield averages. The instruments are not marked to market. Investors cannot invest directly in any index.

    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 0.75%
      12B-1 Fee 0.75%
      Service Fee 0.25%
      Other Expenses 0.18%
      Acquired Fund Fees & Expenses 0.06%
      Total Expenses 1.99%
      Expenses Reimbursed 0.05%
      Net Expenses 1.94%
      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, for so long as the fund invests in the subsidiary, to waive the management fee it receives from the fund in the amount equal to the management fee paid to BNY Mellon Investment Adviser, Inc. by the subsidiary. In addition, 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 .90%. On or after March 1, 2023, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time. Because "acquired fund fees and expenses" are incurred indirectly by the fund, as a result of its investments in underlying funds, such fees and expenses are not included in the expense limitation.

      Portfolio Manager/Sub-Investment Adviser

      The fund's investment adviser is BNY Mellon Investment Adviser, Inc. BNY Mellon Investment Adviser, Inc. has engaged its affiliate, Newton Investment Management Limited ("NIM"), to serve as the fund's sub-adviser.

      Aron Pataki and Andrew Warwick are the fund's primary portfolio managers, positions they have held since December 2015 and January 2019, respectively. Messrs. Pataki and Warwick are global investment managers and members of the real return team at NIM.

      Top Holdings

      As of 12/31/22

      Asset Allocation


          Daily Statistics

          As of 02/03/23 Name NAV Change 04/04/22  12 Month 
          High Nav
          12/30/22  12 Month 
          Low Nav
          YTD Return
          DRRCX
          $14.20
          -$0.04
          -0.28%
          $16.17 $14.10 0.71%

          Performance Metrics

          Overall Morningstar Rating


          MORNINGSTAR CATEGORY Tactical Allocation


          Morningstar Rating™ as of 12/31/22 for the Class C shares; other classes may have different performance characteristics. Overall rating for the Tactical Allocation. Fund ratings are out of 5 Stars: Overall 3 Stars (238 funds rated); 3 Yrs. 4 Stars (238 funds rated); 5 Yrs. 4 Stars (214 funds rated); 10 Yrs. 2 Stars (129 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
            77 out of 128
          • 3 Year
            48 out of 119
          • 5 Year
            27 out of 107
          • 10 Year
            19 out of 52

          LIPPER CLASSIFICATION Absolute Return 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.
          Small and midsized company stocks tend to be more volatile and less liquid than larger company stocks as these companies are less established and havemore volatile earnings histories.
          Bonds are subject to interest rate, credit, liquidity, call and market risks, to varying degrees. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines.
          Investing in foreign denominated and/or domiciled securities involves special risks, including changes in currency exchange rates, political, economic, and socialinstability, limited company information, differing auditing and legal standards, and less market liquidity. These risks generally are greater with emerging market countries.
          Short sales involve selling a security the portfolio does not own in anticipation that the security's price will decline. Short sales may involve risk and leverage, and expose the portfolio to the risk that it will be required to buy the security sold short at a time when the security has appreciated in value, thus resulting in a loss.
          The use of derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in the underlying assets. Derivatives can be highly volatile, illiquid, and difficult to value and there is the risk that changes in the value of a derivative held by the portfolio will not correlate with the underlying instruments or the portfolio's other investments.
          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
          DRRCX
          8.73 -0.18 0.55 74.57 0.11

          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 Morningstar Moderate Target Risk Index.


          Dividend Schedule

          Declared
          Annually
          Distributed
          Annually
          Paid
          Annually
          Fiscal Year End
          Oct 31
          Year Dividend ($) Capital Gains ($)
          2022 1.2256 0.0000
          2021 0.1398 0.0000
          2020 0.0807 0.0000
          2019 0.2100 0.0000
          2018 0.3570 0.0000
          2016 0.3073 0.0000
          2015 0.4840 0.0000
          2014 0.6050 0.0085
          2013 0.0000 0.1247
          2012 0.0060 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
          12/28/22 12/29/22 12/29/22 1.0436 0.1820 0.0000 0.0000 0.0000 1.2256 14.13
          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
          12/29/21 12/30/21 12/30/21 0.0650 0.0748 0.0000 0.0000 0.0000 0.1398 -
          12/29/20 12/30/20 12/30/20 0.0401 0.0406 0.0000 0.0000 0.0000 0.0807 -
          12/27/19 12/30/19 12/30/19 0.1775 0.0325 0.0000 0.0000 0.0000 0.2100 -
          12/27/18 12/28/18 12/28/18 0.2397 0.1173 0.0000 0.0000 0.0000 0.3570 -
          12/28/16 12/29/16 12/29/16 0.1972 0.1101 0.0000 0.0000 0.0000 0.3073 -
          12/29/15 12/30/15 12/30/15 0.3110 0.1730 0.0000 0.0000 0.0000 0.4840 -
          12/29/14 12/30/14 12/30/14 0.3747 0.2303 0.0000 0.0000 0.0000 0.6050 -
          03/28/14 03/31/14 03/31/14 0.0000 0.0000 0.0000 0.0000 0.0085 0.0085 -
          12/27/13 12/30/13 12/30/13 0.0000 0.0000 0.0000 0.1004 0.0243 0.1247 -
          12/27/12 12/28/12 12/28/12 0.0000 0.0060 0.0000 0.0000 0.0000 0.0060 -
          12/28/11 12/29/11 12/29/11 0.0000 0.0000 0.0000 0.0381 0.0351 0.0732 -

          Literature

          PRODUCT MATERIALS

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          INVESTMENT REPORT Download
          A TACTICAL UPDATE FROM NEWTON'S GLOBAL REAL RETURN TEAM Download
          MARKET CONSEQUENTIAL TAIL RISK EVENTS Download
          QUARTERLY COMMENTARY Download
          PRESENTATION Download

          Factsheet, Prospectus and Reports

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          Factsheet Download
          Prospectus Download
          Summary Prospectus Download
          SAI Download
          Annual Report Download
          Semi Annual Report Download
          1Q Fiscal Holdings Download
          3Q Fiscal Holdings Download