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BNY Mellon Global Real Return - A DRRAX

Medalist Rating as of | See BNY Mellon Investment Hub
  • NAV / 1-Day Return 15.97  /  +0.19 %
  • Total Assets 1.1 Bil
  • Adj. Expense Ratio
    1.200%
  • Expense Ratio 1.200%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Tactical Allocation
  • Investment Style Large Growth
  • Credit Quality / Interest Rate Sensitivity
  • Status Open
  • TTM Yield
  • Turnover 77%

USD | NAV as of Jul 13, 2024 | 1-Day Return as of Jul 13, 2024, 12:01 AM GMT+0

Morningstar’s Analysis DRRAX

Will DRRAX outperform in future?

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

The strategy retains several strengths, but its potential to deliver alpha is more uncertain.

Senior Analyst Francesco Paganelli

Francesco Paganelli

Senior Analyst

Summary

BNY Mellon Real Return remains a sound choice for investors seeking a competitive and risk-conscious dynamic allocation strategy. Portfolio complexity has gradually increased, though, and the process leaves significant room for execution. These concerns, coupled with the continued struggles to deliver alpha on a consistent basis relative to the Morningstar Category benchmark, lead to a lower Process Pillar rating.

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Portfolio Holdings DRRAX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 42.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future Sept 24

15.37 224.3 Mil
Government

Forward Exchange Contract Usd

12.61 184.0 Mil
Derivative

Forward Exchange Contract Usd

8.42 122.9 Mil
Derivative

United States Treasury Notes 5.35142%

6.53 95.3 Mil
Government

Grr Commodity Fund Ltd

5.47 79.8 Mil

E-mini S&P 500 Future June 24

5.32 77.6 Mil

United States Treasury Notes 1.25%

3.48 50.8 Mil
Government

Merrill Lynch B.V. 0%

3.34 48.8 Mil
Corporate

Forward Exchange Contract Jpy

2.69 39.2 Mil
Derivative

Mexico (United Mexican States) 0%

2.36 34.4 Mil
Government