BNY Mellon Developed Markets RE Scs - I

Overview

Fund Category

Global Real Estate

Net Assets

289.51

Minimum Investment

$1000

1 Day Change

0.26

1 Day Return

0.26

1 Month Return

0.13

YTD Return

-2.64

5 Year Return

1.59

Expense Ratio

1.06%

Minimum Investment

$1000

Morningstar Rating

NAV

0.02

Security Type

Open-End

Stock dividend price

$0.00

Ticker Symbol

DRLIX

Timestamp from when the data was fetched

Jul. 5 2024

Performance Details

Performance Date

Jun. 30 2024

Performance

-0.19%

Performance: 3 Years

-6.18%

Performance: 5 Years

-0.24%

Fund information

Fund Provider

BNY Mellon

Company website

http://www.bnymellonim.com/us

Inception Date

Dec. 29 2006

Fund Managers

Dean Frankel

Eric Briddell

Primary Perspective Benchmark

FTSE EPRA Nareit Developed NR USD

You Might Also Like...

What's a REIT?

REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

Why Invest in REITs

REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. Their comparatively low correlation with other assets also makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns. These are the characteristics of real estate investment.

About Nareit

Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. Nareit’s members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses.