BNY Mellon Global Absolute Return Fund Institutional Accumulation

Performance History31/07/2020
Growth of 1,000 (GBP) Advanced Graph
BNY Mellon Global Absolute Return Fund Institutional Accumulation
Fund4.38.1-5.511.5-7.4
+/-Cat-----
+/-B’mrk-----
 
Key Stats
NAV
07/08/2020
 GBP 1.18
Day Change 0.16%
Morningstar Category™ Alt - Multistrategy
IA (formerly IMA) Sector Targeted Absolute Return
ISIN GB00B4YD5N08
Fund Size (Mil)
31/07/2020
 GBP 401.76
Share Class Size (Mil)
07/08/2020
 GBP 8.29
Max Initial Charge -
Ongoing Charge
04/06/2020
  0.86%
Morningstar Research
Analyst Report

We have a positive view of Insight’s tenured multi-asset team, but questions around the effectiveness of the investment process leads us to downgrade BNY Mellon Global Absolute Return to a Morningstar Analyst Rating of Neutral.This fund is a...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
PeopleAbove Average
ParentAverage
ProcessAverage
Performance
Price
Investment Objective: BNY Mellon Global Absolute Return Fund Institutional Accumulation
The Sub-Fund seeks to deliver positive returns on an annual basis. The Sub-Fund aims to deliver cash (3 month GBP LIBOR) before fees on an annual basis and cash (3 month GBP LIBOR) +4% per annum before fees on a rolling annualised five year basis (meaning a period of five years, no matter which day you start on). However, a positive return is not guaranteed and a capital loss may occur.
Returns
Trailing Returns (GBP)07/08/2020
YTD-6.31
3 Years Annualised0.54
5 Years Annualised1.24
10 Years Annualised-
12 Month Yield 0.98
Management
Manager Name
Start Date
Steve Waddington
11/02/2013
Inception Date
09/02/2013
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Category Benchmark
Fund BenchmarkMorningstar Benchmark
LIBOR GBP 3 Months +4%-
Target Market
Role In Portfolio
Standalone / CoreNot Specific
ComponentNot Specific
OtherNot Specific
Primary Objective
PreservationYes
GrowthYes
IncomeNot Specific
HedgingNot Specific
OtherNot Specific
Portfolio Profile for  BNY Mellon Global Absolute Return Fund Institutional Accumulation30/04/2020
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock10.993.647.35
Bond48.702.0546.66
Property0.000.000.00
Cash105.1368.0137.12
Other8.420.018.40
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
United States57.75
United Kingdom21.37
Eurozone16.07
Australasia4.23
Europe - ex Euro0.43
Top 5 Sectors%
Technology15.38
Financial Services14.94
Healthcare14.58
Consumer Defensive10.52
Consumer Cyclical9.77
Top 5 HoldingsSector%
ILF GBP Liquidity 26.89
iShares $ Corp Bond ETF USD Dist6.81
2 Year Treasury Note Future June 206.69
E-mini S&P 500 Future June 203.80
iShares € Corp Bond Lg Cp ETF EU... 3.38
BNY Mellon Global Absolute Return Fund Institutional Accumulation

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In order to provide consistency across the report data provided by different Asset Managers, the calculated data points presented are generated using Morningstar’s proprietary calculation methodology which is set out in more detail at(https://www.morningstar.com/research/signature)

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