Historical Prices

Start Date End Date

BNY Mellon Global Real Return Fund

Overview

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
$3,135,229,418  As of  01/22/21
Class Assets
$48,311,726  As of  01/22/21
Portfolio Turnover Rate
91.18%  As of fiscal year end  10/31/20
Morningstar Category
Multialternative
Benchmark
FTSE One-Month U.S. Treasury Bill Index
Morningstar Overall Rating
Fund Holdings
162  As of  12/31/20

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.

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Portfolio Managers

  • Pataki, Aron

    Aron Pataki

    Portfolio Manager, Newton

    6 yr(s). on fund

  • Warwick, Andrew

    Andrew Warwick

    Portfolio Manager

    2 yr(s). on fund

Performance

Average Annual Returns

Click here to see SALES CHARGE  Max Sales Charge:  5.75% Front End Load

Month End

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 - -

Quarter End

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 - -

Cumulative Returns

Click here to see SALES CHARGE  Max Sales Charge:  5.75% Front End Load

Month End

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 - -

Quarter End

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 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.

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.

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

    Yearly

    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.

    Fees & Expenses

    Prospectus Fee Table Expense Ratios

    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%
    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. The amount of the waiver shown reflects the management fee paid by the subsidiary based on the fund's current allocation to the subsidiary. In addition, BNY Mellon Investment Adviser, Inc., has also contractually agreed, until February 28, 2021, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of the 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 February 28, 2021, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.

    Sales Charge

    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%
    There is a 1% CDSC for purchases of $1,000,000 and over if redeemed within one year of purchase.
    Portfolio

    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 (North America) Limited ("Newton"), to serve as the fund's sub-adviser. Suzanne Hutchins, Aron Pataki and Andrew Warwick are the fund's primary portfolio managers, positions they have held since December 2010, December 2015 and January 2019, respectively. Ms. Hutchins and Messrs. Pataki and Warwick are global investment managers and members of the real return team at Newton.

    Top Holdings

    As of 12/31/20
    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

    Asset Allocation

        Stats & Risks

        Daily Statistics

        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%

        Performance Metrics

        Overall Morningstar Rating

        MORNINGSTAR CATEGORY Multialternative

        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.

        Lipper Rankings

        • 1 Year
          41 out of 160
        • 3 Year
          14 out of 144
        • 5 Year
          24 out of 123
        • 10 Year
          3 out of 42

        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  12/31/20, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DRRAX
        		 7.57 1.65 0.56 72.03 0.76
        Distributions

        Dividend Schedule

        Declared
        Annually
        Distributed
        Annually
        Paid
        Annually
        Fiscal Year End
        Oct 31
        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
        There is no guarantee that the fund will distribute any level annually. Capital gains may be short-term, long-term, or both.

        Distributions History

        (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
        Literature