Morningstar

BNY Mellon Global Real Return Fund - Class A DRRAX

Morningstar Medalist Rating
Medalist Rating as of | See BNY Mellon Investment Hub
  • NAV / 1-Day Return 17.51  /  +0.17 %
  • Total Assets 850.7M
  • Adj. Expense Ratio
    1.190%
  • Expense Ratio 1.150%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Tactical Allocation
  • Investment Style Large Value
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Status Open
  • TTM Yield 3.47%
  • Turnover 119%

USD | NAV as of Jul 11, 2026 | 1-Day Return as of Jul 11, 2026, 12:11 AM GMT+0

Morningstar’s Analysis DRRAX

Will DRRAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DRRAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the DRRAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of DRRAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Our conviction in the strategy is in a rebuilding phase following a 2025 team overhaul.

Principal Tom Mills

Tom Mills

Principal

Summary

A much-changed management team took over here in mid-2025 and will need time to show stability while executing this relatively complex and dynamic multi-asset strategy. We maintain a Below Average rating on People and an Average rating on the Process Pillar.

by Tom Mills
Rated on Published on

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Portfolio Holdings DRRAX

More DRRAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Grr Commodity Fund Ltd

17.14 114M
—

Forward Exchange Contract Usd

13.62 91M
Derivative

Forward Exchange Contract Usd

7.56 50M
Derivative

Forward Exchange Contract Usd

7.46 50M
Derivative

Merrill Lynch B.V. 0%

6.61 44M
Corporate

United States Treasury Notes 3.73206%

6.39 43M
Government

Secretaria Do Tesouro Nacional 0%

5.48 36M
Government

Mexico (United Mexican States) 7.75%

4.74 31M
Government

Forward Exchange Contract Mxn

4.57 30M
Derivative

Forward Exchange Contract Eur

4.50 30M
Derivative

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