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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.
Morningstar Rating™ as of December 31, 2020 for the Class A class shares; other classes may have different performance characteristics. Overall rating for the Multialternative category. Fund ratings are out of 5 Stars: Overall 4 Stars (244 funds rated); 3 Yrs. 5 Stars (244 funds rated); 5 Yrs. 4 Stars (189 funds rated); 10 Yrs. 4 Stars (58 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. ©2018 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.
Barron’s – For many investors, not losing money is just as important as making more. The BNY Mellon Global Real Return Fund excels at both.
Portfolio Manager, Newton
6 yr(s). on fund
Portfolio Manager
2 yr(s). on fund
As of 12/31/20 Name | 1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception | Inception Date |
---|---|---|---|---|---|---|
BNY Mellon Global Real Return Fund
DRRAX | 9.49 | 7.21 | 5.55 | 4.18 | 4.72 | 05/12/10 |
FTSE One-Month U.S. Treasury Bill Index
| 0.45 | 1.49 | 1.09 | 0.56 | - | - |
As of 12/31/20 Name | 1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception | Inception Date |
---|---|---|---|---|---|---|
BNY Mellon Global Real Return Fund
DRRAX | 9.49 | 7.21 | 5.55 | 4.18 | 4.72 | 05/12/10 |
FTSE One-Month U.S. Treasury Bill Index
| 0.45 | 1.49 | 1.09 | 0.56 | - | - |
As of 12/31/20 Name | 1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception | Inception Date |
---|---|---|---|---|---|---|
BNY Mellon Global Real Return Fund DRRAX |
9.49 | 23.21 | 31.02 | 50.64 | 63.30 | 05/12/10 |
FTSE One-Month U.S. Treasury Bill Index
|
0.45 | 4.53 | 5.59 | 5.78 | - | - |
As of 12/31/20 Name | 1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception | Inception Date |
---|---|---|---|---|---|---|
BNY Mellon Global Real Return Fund
DRRAX | 9.49 | 23.21 | 31.02 | 50.64 | 63.30 | 05/12/10 |
FTSE One-Month U.S. Treasury Bill Index |
0.45 | 4.53 | 5.59 | 5.78 | - | - |
The performance data quotes represents past performance, which is no guarantee of future results. Yield, share price and investment return fluctuate and an investor’s shares may be worth more or less than original cost upon redemption. Current performance may be lower or higher than the performance quoted. Click above for month-end returns.
These figures do not reflect the maximum sales charge which, if included, would reduce return.
Fund | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
---|---|---|---|---|---|---|---|---|---|---|
DRRAX
|
9.49% | 11.49% | 0.94% | 3.84% | 2.41% | -0.22% | 4.10% | 6.65% | 4.01% | -0.22% |
Investment return fluctuates and past performance is no guarantee of future results.
As of 02/28/20 Fee Description | Expense Ratio (%) |
---|---|
Management Fee | 0.75% |
Service Fee | 0.25% |
Other Expenses | 0.19% |
Acquired Fund Fees & Expenses | 0.01% |
Total Expenses | 1.20% |
Expenses Reimbursed | 0.08% |
Net Expenses | 1.12% |
Investment Amount | Sales Charge |
---|---|
Less than $50,000 | 5.75% |
Less than $100,000 | 4.50% |
Less than $250,000 | 3.50% |
Less than $500,000 | 2.50% |
Less than $1,000,000 | 2.00% |
Over $1,000,000 | 0.00% |
Holdings | % Portfolio Weight |
---|---|
GRR Commodity Fund Ltd USD 0.001 | 10.77 |
STOXX Europe 200 Small (EUR) Mar 21 | 2.10 |
BNP Paribas Issuance B.V. VOLA Carry Idx Col Nt 18/11/21 | 1.97 |
Linde Plc | 1.68 |
Barclays Bank PLC S&P Coll Nts 10/08/2021 Monday | 1.54 |
AIA Group Limited | 1.50 |
Barclays Bank PLC S&P Coll Nts 07/08/2021 Friday | 1.48 |
Orsted | 1.26 |
Vivendi SE | 1.20 |
Microsoft Corporation | 1.19 |
As of 01/22/21 Name | NAV | Change | 01/20/21
12 Month High Nav |
03/20/20
12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|
DRRAX
|
$16.68 |
-$0.03
-0.18%
|
$16.76 | $13.17 | 0.91% |
Morningstar Rating™ as of 12/31/20 for the Class A shares; other classes may have different performance characteristics. Overall rating for the Multialternative.
Fund ratings are out of 5 Stars: Overall 4 Stars (491 funds rated); 3 Yrs. 5 Stars (244
funds rated); 5 Yrs. 4 Stars (189 funds rated); 10 Yrs. 4 Stars (58 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.
As of 12/31/20, 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
---|---|---|---|---|---|
DRRAX
|
7.57 | 1.65 | 0.56 | 72.03 | 0.76 |
Year | Dividend ($) | Capital Gains ($) |
---|---|---|
2020 | 0.1992 | 0.0000 |
2019 | 0.3289 | 0.0000 |
2018 | 0.4730 | 0.0000 |
2017 | 0.0628 | 0.0000 |
2016 | 0.3858 | 0.0000 |
2015 | 0.5700 | 0.0000 |
2014 | 0.6830 | 0.0085 |
2013 | 0.0360 | 0.1247 |
2012 | 0.0670 | 0.0000 |
2011 | 0.0671 | 0.0732 |
(Values Listed In $) | 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 |
---|---|---|---|---|---|---|---|
DRRAX
|
0.0989 | 0.1003 | 0.0000 | 0.0000 | 0.0000 | 0.1992 | 16.52 |
Record Date | Ex-Dividend Date | Payable Date | |
---|---|---|---|
DRRAX
|
12/29/20 | 12/30/20 | 12/30/20 |
(Values Listed In $) | Distribution Status | 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 |
---|---|---|---|---|---|---|---|---|
DRRAX
| Final | 0.0989 | 0.1003 | 0.0000 | 0.0000 | 0.0000 | 0.1992 | 16.52 |
Record Date | Ex-Dividend Date | Payable Date | |
---|---|---|---|
DRRAX
|
12/29/20 | 12/30/20 | 12/30/20 |