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.
BNY Mellon Global Real Return - I DRRIX
NAV / 1-Day Return
16.07
/
0.69
%
Total Assets
3.6 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.950%
Expense Ratio
0.950%
Fee Level
Below Average
Longest Manager Tenure
11.48
years
Category
Tactical Allocation
Investment Style
Large BlendCredit Quality / Interest Rate Sensitivity
—Status
Open
TTM Yield
1.75%
Turnover
72%
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will DRRIX outperform in 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 DRRIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the DRRIX 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 DRRIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
BNY Fined USD 1.5 Million for Misstatements and Omissions Related to ESG Quality Review
