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
    $1,021,680,010  As of  09/19/24
    Class Assets
    $15,503,015  As of  09/19/24
    Portfolio Turnover Rate
    77.27% As of fiscal year end  10/31/23
    Morningstar Category
    Tactical Allocation
    Benchmark
    FTSE One-Month U.S. Treasury Bill Index
    Fund Holdings
    99 As of 08/31/24

    Portfolio Managers

    • Aron Pataki

      Aron Pataki

      Portfolio Manager, Newton

      Managing Fund Since 2015

      Joined Firm in 2006

      Joined Industry in 2002
    • Andrew Warwick

      Andrew Warwick

      Portfolio Manager,

      Managing Fund Since 2019

      Joined Firm in 2018

      Joined Industry in 1993
    Performance

    Total Returns

    Click here to see SALES CHARGE  Max Sales Charge:  1.00%  CDSC Load

    Month End

    Average Annual
    As of 08/31/24
    Name 3 MO
    08/31/24     		YTD
    08/31/24     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Global Real Return Fund
    DRRCX
    		1.54 5.71 10.32 -0.65 2.52 2.54 3.16
    FTSE One-Month U.S. Treasury Bill Index
    		1.37 3.68 5.57 3.42 2.26 1.57 -

    Quarter End

    Average Annual
    As of 06/30/24
    Name 3 MO
    06/30/24     		YTD
    06/30/24     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Global Real Return Fund
    DRRCX
    		-0.27 4.67 8.68 -0.34 2.58 2.46 3.12
    FTSE One-Month U.S. Treasury Bill Index
    		1.35 2.73 5.56 3.11 2.15 1.48 -

    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.

    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.


    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

    Past performance is no guarantee of future results.

    Historical Performance

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

      Past performance is no guarantee of future results.

       

      Yearly Total Return

      Yearly

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

      Fees & Expenses

      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  05/02/24 Fee Description Expense Ratio (%)
      Management Fee 0.75%
      12B-1 Fee 0.75%
      Service Fee 0.25%
      Other Expenses 0.19%
      Acquired Fund Fees & Expenses 0.07%
      Total Expenses 2.01%
      Expenses Reimbursed 0.04%
      Net Expenses 1.97%
      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, 2025, 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 share classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest expense, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed .90%. On or after March 1, 2025, 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

      Portfolio Manager/Sub-Investment Adviser

      The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). BNYM Investment Adviser has engaged its affiliate, Newton Investment Management Limited (NIM), to serve as the fund's sub-adviser. NIM has entered into a sub-sub-investment advisory agreement with its affiliate, Newton Investment Management North America, LLC (NIMNA), to enable NIMNA to provide certain advisory services to NIM for the benefit of the fund.

      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

      Download Total Holdings
      As of 08/31/24

      Asset Allocation

          Stats & Risks

          Daily Statistics

          As of 09/19/24 Name NAV Change 07/16/24  12 Month 
          High Nav           		10/27/23  12 Month 
          Low Nav           		YTD Return
          DRRCX
          		$15.34
          $0.07
          0.46%
          		$15.38 $13.25 6.83%

          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 have more 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 social instability, 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.

          Risk Metrics

          As of  08/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DRRCX
          		6.90 -3.70 0.43 64.14 -0.61

          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.


          Alpha - Alpha is a measure of a security's or portfolio's excess return.

          Beta - Beta is a measure of a security’s or portfolio’s volatility, or systematic risk.

          R-Squared - R-squared is a statistical measure that represents the percentage of a fund’s or security’s movements that are explained by movements in a benchmark index.

          Sharpe Ratio - Sharpe ratio is a risk-adjusted measure that measures reward per unit of risk. The higher the Sharpe ratio, the better.

          Standard Deviation - Standard deviation is a statistical measure of the degree to which an individual portfolio return tends to vary from the mean, based on the entire population. The greater the degree of dispersion, the greater the degree of risk. In mutual funds, the standard deviation tells us how much the return on the fund is deviating from the expected normal returns.

          Distributions

          Dividend Schedule

          Declared
          Annually
          Distributed
          Annually
          Paid
          Annually
          Fiscal Year End
          Oct 31
          Annualized Distribution Rate
          %
          As of 
          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
          12/28/22 12/29/22 12/29/22 1.0436 0.1820 0.0000 0.0000 0.0000 1.2256
          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
          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

          Literature

          PRODUCT MATERIALS

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          BNY Mellon Global Real Return Fund - Market Consequential Tail Risk Events Download
          BNY Mellon Global Real Return Fund - Poised for Consistency Download
          BNY Mellon Global Real Return Fund - Market Consequential Tail Risk Eventsa Download
          BNY Mellon Global Real Return Fund - Investment Report Download
          BNY Mellon Global Real Return Fund - Presentation Download
          BNY Mellon Global Real Return Fund - Commentary 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

          Investors should consider the investment objectives, risks, charges, and expenses of a mutual fund carefully before investing. Download a prospectus, or summary prospectus, if available, that contains this and other information about the fund, and read it carefully before investing.

          This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular investment, strategy, investment manager or account arrangement and should not serve as a primary basis for investment decisions.

          Please consult a legal, tax or investment professional in order to determine whether an investment product or service is appropriate for a particular situation.