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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BNY Mellon Developed Markets Real Estate Securities Fund

DRLIX | Fund

$9.19

$332 M

2.82%

$0.26

1.15%

Vitals

YTD Return

7.9%

1 yr return

11.5%

3 Yr Avg Return

10.6%

5 Yr Avg Return

2.6%

Net Assets

$332 M

Holdings in Top 10

34.7%

52 WEEK LOW AND HIGH

$9.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.15%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 84.48%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BNY Mellon Developed Markets Real Estate Securities Fund

DRLIX | Fund

$9.19

$332 M

2.82%

$0.26

1.15%

DRLIX - Profile

Distributions

  • YTD Total Return 7.9%
  • 3 Yr Annualized Total Return 10.6%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.53%
DIVIDENDS
  • Dividend Yield 2.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    BNY Mellon Developed Markets Real Estate Securities Fund
  • Fund Family Name
    Dreyfus
  • Inception Date
    Sep 15, 2008
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Dean Frankel

Fund Description

To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in publicly-traded equity securities of companies principally engaged in the real estate sector. The fund normally invests in a global portfolio of equity securities of real estate companies, including real estate investment trusts (REITs) and real estate operating companies, with principal places of business located in, but not limited to, the developed markets of Europe, Australia, Asia and North America (including the United States). In selecting investments for the fund's portfolio, CenterSquare Investment Management LLC (CenterSquare), the fund's sub-adviser, uses a proprietary approach to quantify investment opportunity from both a real estate and stock perspective. Generally, CenterSquare combines top-down real estate research and its relative value model securities valuation process. In conducting its bottom-up research, CenterSquare engages in an active analysis process that includes regular and direct contact with the companies in the fund's investable universe. These research efforts are supported with extensive sell side and independent research. Through the use of the proprietary relative value model, CenterSquare seeks to establish the validity of the price of a security relative to its peers by providing statistically significant solutions to business- and management-related uncertainties, such as the impact on value of leverage, growth rate, market capitalization and property type.

CenterSquare employs a robust risk management process, which involves measuring valuation, fundamental and factor exposures in the fund's portfolio. Securities held by the fund may be sold for a number of reasons, including risk management, profit realization and repositioning among specific sectors as a result of CenterSquare's research process. Finding a more attractive relative value opportunity is CenterSquare's most common rationale for exiting a position.

The fund's performance benchmark is the FTSE European Public Real Estate Association/National Association of Real Estate Investment Trusts Developed Index (FTSE EPRA/Nareit Developed Index (Net)), a market capitalization weighted index of exchange-listed real estate companies and REITs worldwide. The fund may, from time to time, invest a significant portion (more than 20%) of its net assets in securities of companies in certain countries.

Read More

DRLIX - Performance

Return Ranking - Trailing

Period DRLIX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.9% -7.2% 12.3% 4.79%
1 Yr 11.5% 0.3% 33.7% 9.59%
3 Yr 10.6%* -2.4% 23.8% 6.85%
5 Yr 2.6%* -3.7% 13.9% 4.20%
10 Yr 5.4%* 0.5% 12.7% 15.20%

* Annualized

Return Ranking - Calendar

Period DRLIX Return Category Return Low Category Return High Rank in Category (%)
2025 5.8% -11.8% 22.7% 42.47%
2024 1.1% -17.7% 17.9% 17.12%
2023 9.5% -11.9% 16.7% 22.92%
2022 -28.7% -39.5% -3.5% 61.54%
2021 17.1% -0.9% 30.7% 65.73%

Total Return Ranking - Trailing

Period DRLIX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.9% -7.2% 12.3% 4.79%
1 Yr 11.5% 0.3% 33.7% 9.59%
3 Yr 10.6%* -2.4% 23.8% 6.85%
5 Yr 2.6%* -3.7% 13.9% 4.20%
10 Yr 5.4%* 0.5% 12.7% 15.20%

* Annualized

Total Return Ranking - Calendar

Period DRLIX Return Category Return Low Category Return High Rank in Category (%)
2025 9.1% 0.2% 30.3% 39.04%
2024 3.9% -12.2% 27.7% 13.70%
2023 12.6% -11.0% 23.4% 12.50%
2022 -23.2% -33.7% 0.2% 13.29%
2021 26.9% 5.7% 101.8% 51.75%

NAV & Total Return History

DRLIX - Holdings

Concentration Analysis

DRLIX Category Low Category High DRLIX % Rank
Net Assets 332 M 17 M 7.06 B 51.37%
Number of Holdings 107 5 744 21.23%
Net Assets in Top 10 109 M 12.4 M 4.56 B 59.59%
Weighting of Top 10 34.68% 20.9% 65.0% 86.21%

Top 10 Holdings

  1. Welltower Inc 6.23%
  2. Equinix Inc 4.84%
  3. Prologis Inc 4.65%
  4. Digital Realty Trust Inc 3.54%
  5. Ventas Inc 3.22%
  6. Extra Space Storage Inc 2.77%
  7. Goodman Group 2.67%
  8. Public Storage 2.40%
  9. Brixmor Property Group Inc 2.20%
  10. Kimco Realty Corp 2.15%

Asset Allocation

Weighting Return Low Return High DRLIX % Rank
Stocks 		99.25% 0.95% 126.54% 36.99%
Cash 		0.75% 0.00% 12.67% 71.23%
Preferred Stocks 		0.00% 0.00% 10.65% 89.73%
Other 		0.00% -33.49% 7.12% 93.15%
Convertible Bonds 		0.00% 0.00% 0.07% 88.36%
Bonds 		0.00% 0.00% 7.33% 89.73%

Stock Sector Breakdown

Weighting Return Low Return High DRLIX % Rank
Real Estate 		99.38% 72.53% 100.00% 21.23%
Communication Services 		0.62% 0.00% 10.08% 46.58%
Utilities 		0.00% 0.00% 0.96% 89.73%
Technology 		0.00% 0.00% 4.92% 93.84%
Industrials 		0.00% 0.00% 4.91% 89.04%
Healthcare 		0.00% 0.00% 1.54% 88.36%
Financial Services 		0.00% 0.00% 9.53% 88.36%
Energy 		0.00% 0.00% 0.11% 88.36%
Consumer Defense 		0.00% 0.00% 0.18% 88.36%
Consumer Cyclical 		0.00% 0.00% 13.03% 95.21%
Basic Materials 		0.00% 0.00% 0.86% 89.04%

Stock Geographic Breakdown

Weighting Return Low Return High DRLIX % Rank
US 		63.18% 0.00% 101.72% 37.67%
Non US 		36.07% 0.00% 99.06% 55.48%

DRLIX - Expenses

Operational Fees

DRLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.15% 0.10% 3.32% 58.90%
Management Fee 0.95% 0.08% 1.11% 94.48%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.25% N/A

Sales Fees

DRLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

DRLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DRLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 84.48% 1.00% 165.00% 70.21%

DRLIX - Distributions

Dividend Yield Analysis

DRLIX Category Low Category High DRLIX % Rank
Dividend Yield 2.82% 0.00% 5.52% 24.66%

Dividend Distribution Analysis

DRLIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Quarterly

Net Income Ratio Analysis

DRLIX Category Low Category High DRLIX % Rank
Net Income Ratio 1.53% -0.11% 3.84% 47.55%

Capital Gain Distribution Analysis

DRLIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

DRLIX - Fund Manager Analysis

Managers

Dean Frankel

Start Date

Tenure

Tenure Rank

Dec 29, 2006

15.43

15.4%

Dean Frankel is the Global Co-Head, Real Estate Securities at CenterSquare Investment Management. Mr. Frankel is responsible for management of the firm's proprietary research process, as well as analyzing and interpreting the implications of major events and economic trends. Mr. Frankel manages the daily operations of the real estate securities portfolios and has ultimate decision-making authority for the core U.S. and Global REIT strategies. Mr. Frankel joined CenterSquare in 1997 and has served as Senior Portfolio Manager since 2006. He manages CenterSquare’s proprietary research process and oversees the CenterSquare Investment Management, Inc.'s real estate securities trading activities. Mr. Frankel holds a B.S. in Economics from the University of Pennsylvania's Wharton School of Business.

Eric Briddell

Start Date

Tenure

Tenure Rank

Jun 19, 2013

8.95

9.0%

Mr. Briddell, Primary Portfolio Manager, is the Chief Executive Officer and Chief Investment Officer of CSIM Investment Management LLC,whose predecessor firm he joined in 1993. Mr. Briddell has oversight responsibility for all of CenterSquare’s real estate investment advisory services including private real estate and public real estate securities across the United States, Europe and Asia. He also chairs the firm’s Management Committee and is a member of the BNY Mellon Investment Management Executive Committee and CenterSquare’s Private Real Estate Investment Committee. Mr. Briddell is the founder of CenterSquare’s listed real estate securities group, and since joining the firm in 1993 he has held positions in private real estate acquisitions, U.S. and Global REIT research and portfolio management. Mr. Briddell holds a B.S. in Economics from the Wharton School of Business at the University of Pennsylvania with concentrations in Finance and Real Estate. He is a member of NAREIT, the CFA Institute/Society of Philadelphia and PREA, where he was Co-Chair of the Green Building Committee.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 20.42 7.37 10.42

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