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BNY Mellon Global Real Return - I DRRIX

Analyst rating as of
NAV / 1-Day Return
16.07  /  0.69 %
Total Assets
3.6 Bil
Adj. Expense Ratio
0.950%
Expense Ratio
0.950%
Fee Level
Below Average
Longest Manager Tenure
11.48 years
Category
Tactical Allocation
Investment Style
Large Blend
Credit Quality / Interest Rate Sensitivity
Status
Open
TTM Yield
1.75%
Turnover
72%

Morningstar’s Analysis

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BNY Fined USD 1.5 Million for Misstatements and Omissions Related to ESG Quality Review

Analyst Note

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BNY Mellon Investment Adviser, Inc. (BNYMIA) entered into a settlement with the U.S. Securities and Exchange Commission and agreed to pay a USD 1.5 million fine on May 23, 2022. The SEC order cites “material misstatements and omissions concerning the consideration of Environmental, Social, and Governance principles to make investment decisions” during the period between July 2018 and September 2021. Six US-domiciled funds were implicated, including the BNY Mellon Global Real Return Fund run by BNY Mellon’s London-based affiliate Newton.

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