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BNY Mellon Global Absolute Return Fund Institutional Accumulation

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Performance History30/04/2021
Growth of 1,000 (GBP) Advanced Graph
BNY Mellon Global Absolute Return Fund Institutional Accumulation
Fund8.1-5.511.5-2.31.7
+/-Cat0.11.7-0.7-6.9-2.2
+/-B’mrk0.8-2.8-1.4-7.6-1.0
 
Category: GBP Flexible Allocation
Category Benchmark: Morningstar UK Mod Tgt Allo...
Key Stats
NAV
18/05/2021		 GBP 1.25
Day Change 0.45%
Morningstar Category™ GBP Flexible Allocation
IA (formerly IMA) Sector Targeted Absolute Return
ISIN GB00B4YD5N08
Fund Size (Mil)
30/04/2021		 GBP 647.43
Share Class Size (Mil)
18/05/2021		 GBP 8.27
Max Initial Charge -
Ongoing Charge
12/02/2021		  0.94%
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)18/05/2021
YTD1.69
3 Years Annualised2.27
5 Years Annualised3.26
10 Years Annualised-
12 Month Yield 0.92
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%Morningstar UK Mod Tgt Alloc NR GBP
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 Accumulation31/01/2021
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock22.062.2319.83
Bond36.983.8033.18
Property0.000.000.00
Cash185.05150.6034.45
Other18.716.1712.54
Fixed Income
Effective Maturity9.58
Effective Duration6.30
Top 5 Regions%
United States32.70
Eurozone22.35
United Kingdom15.32
Asia - Emerging12.42
Australasia6.46
Top 5 Sectors%
Technology19.38
Consumer Cyclical14.05
Financial Services13.91
Communication Services9.86
Healthcare9.07
Top 5 HoldingsSector%
ILF GBP Liquidity 25.07
iShares $ Corp Bond ETF USD Dist3.65
MSCI Emerging Markets Index TAS ... 3.36
ILF EUR Cash 23.34
Euro Stoxx 50 Future Mar 213.20
Increase Decrease New since last portfolio
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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