About DRLIX
BNY Mellon Developed Markets Real Estate Securities Fund - Class I is a mutual fund that invests primarily in a diversified portfolio of equities issued by real estate companies within developed markets. Its central objective is to maximize total return through both capital appreciation and current income, and it pursues this by allocating at least 80% of its assets to real estate securities, including real estate investment trusts (REITs) and REIT-like entities. The fund’s holdings span across notable real estate sectors, focusing on companies involved in the ownership, development, and management of properties such as commercial, industrial, and residential real estate. The portfolio is managed by experienced institutional professionals and is characterized by a mid-blend investment style, with a significant portion concentrated in its top ten holdings, which typically represent leading firms in the global real estate industry such as Equinix Inc, Prologis Inc, and Welltower Inc. The fund’s market presence positions it as a vehicle for investors seeking exposure to the performance of developed real estate markets outside the United States, while also maintaining allocations to domestic real estate securities, aiming to balance growth potential with income generation.
Fund Family BNY Mellon
Category Global Real Estate
Performance Rating High
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol DRLIX
Share Class Class I
Index FTSE EPRA Nareit Developed NR USD
DRLIX had a total return of 4.76% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.47%.
