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.
BNY Mellon Global Real Return - I DRRIX
- NAV / 1-Day Return 15.76 / +0.51 %
- Total Assets 1.0 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.970%
- Distribution Fee Level Below Average
- Share Class Type Institutional
- Category Tactical Allocation
- Investment Style Large Growth
- Credit Quality / Interest Rate Sensitivity —
- Status Open
- TTM Yield 0.14%
- Turnover 77%
USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 11:44 PM GMT+0
Morningstar’s Analysis DRRIX
Will DRRIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 41.8
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
2 Year Treasury Note Future Sept 24 | 17.02 | 216.7 Mil | Government |
Forward Exchange Contract Usd | 14.46 | 184.0 Mil | Derivative |
Forward Exchange Contract Usd | 10.75 | 136.8 Mil | Derivative |
United States Treasury Notes 5.35142% | 7.49 | 95.3 Mil | Government |
Grr Commodity Fund Ltd | 6.24 | 79.4 Mil | — |
United States Treasury Notes 1.25% | 4.02 | 51.1 Mil | Government |
Merrill Lynch B.V. 0% | 3.87 | 49.3 Mil | Corporate |
Mexico (United Mexican States) 0% | 2.53 | 32.2 Mil | Government |
Forward Exchange Contract Usd | 2.22 | 28.3 Mil | Derivative |
United States Treasury Notes 5.47642% | 2.12 | 27.0 Mil | Government |