Historical Prices

Start Date End Date

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
$700,293,689  As of  01/24/20
Class Assets
$948,581  As of  01/24/20
Portfolio Turnover Rate
79.34%  As of fiscal year end  10/31/19
Morningstar Category
Global Real Estate
Benchmark
FTSE EPRA/NAREIT Developed Index (Net)
Fund Holdings
95  As of  12/31/19

Morningstar Rating™ as of December 31, 2019 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 2 Stars (200 funds rated); 3 Yrs. 2 Stars (200 funds rated); 5 Yrs. 2 Stars (170 funds rated); 10 Yrs. 2 Stars (111 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.


Click here to see SALES CHARGE  Max Sales Charge:  1.00% CDSC Load
As of  12/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Global Real Estate Securities Fund
DGBCX
20.86 8.20 5.36 7.51 2.89 09/13/08
FTSE EPRA/NAREIT Developed Index (Net)
21.91 8.28 5.56 8.37 - -
As of  12/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Global Real Estate Securities Fund
DGBCX
20.86 8.20 5.36 7.51 2.89 09/13/08
FTSE EPRA/NAREIT Developed Index (Net)
21.91 8.28 5.56 8.37 - -
Click here to see SALES CHARGE  Max Sales Charge:  1.00% CDSC Load
As of  12/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Global Real Estate Securities Fund
DGBCX
20.86 26.66 29.80 106.25 44.85 09/13/08
FTSE EPRA/NAREIT Developed Index (Net)
21.91 26.96 31.07 123.41 - -
As of  12/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Global Real Estate Securities Fund
DGBCX
20.86 26.66 29.80 106.25 44.85 09/13/08
FTSE EPRA/NAREIT Developed Index (Net)
21.91 26.96 31.07 123.41 - -
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

    Fund 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
    DGBCX
    21.86% -5.63% 10.14% 3.54% -1.02% 13.93% 1.79% 25.61% -6.36% 16.48%

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


    Redemption Charge

    As of  01/27/20  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  03/01/19 Fee Description Expense Ratio (%)
    Management Fee 0.95%
    12B-1 Fee 0.75%
    Service Fee 0.25%
    Other Expenses 0.30%
    Total Expenses 2.25%
    Expenses Reimbursed 0.20%
    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 fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until March 1, 2020, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of the fund's Class A, C, I and Y shares (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest, brokerage commissions, commitment fees on borrowings and extraordinary expenses) do not exceed 1.05%. On or after March 1, 2020, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation at this time.

    Portfolio Manager/Sub-Investment Advisor

    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 co-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  12/31/19   Holdings % Portfolio  Weight
    Prologis 5.83
    Realty Income 3.40
    HCP 3.15
    Vonovia 2.73
    Equity Residential 2.60
    Ventas 2.45
    Mitsui Fudosan 2.28
    Host Hotels & Resorts 2.11
    UDR 1.95
    JBG SMITH Properties 1.81

    Asset Allocation


        Daily Statistics

        As of  01/24/20 Name NAV Change 11/01/19  12 Month 
        High Nav
        12/26/19  12 Month 
        Low Nav
        YTD Return
        DGBCX
        $9.27
        $0.01
        0.11%
        $10.07 $8.95 2.32%

        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 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.

        Risks of investing 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 technological developments, 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.

        Risk Metrics

        As of  12/31/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DGBCX
        10.02 1.10 0.52 35.29 0.67

        Dividend Schedule

        Declared
        Annually
        Distributed
        Annually
        Paid
        Annually
        Fiscal Year End
        Oct 31
        Year Dividend ($) Capital Gains ($)
        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
        2012 0.3680 0.0000
        2011 0.0970 0.0000
        2010 0.2484 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

        (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
        DGBCX
        0.2339 0.0676 0.0721 0.0208 0.4892 0.8836 8.95
        Record Date Ex-Dividend Date Payable Date
        DGBCX
        12/24/19 12/26/19 12/26/19
        (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
        DGBCX
        Final 0.2339 0.0676 0.0721 0.0208 0.4892 0.8836 8.95
        Record Date Ex-Dividend Date Payable Date
        DGBCX
        12/24/19 12/26/19 12/26/19