BNY Mellon Multi-Asset Balanced (GB) Class W Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/04/19 to 30/04/20 |
30/04/20 to 30/04/21 |
30/04/21 to 30/04/22 |
30/04/22 to 30/04/23 |
30/04/23 to 30/04/24 |
|
|---|---|---|---|---|---|
| Fund | 1.1% | 20.5% | 7.1% | 3.9% | 9.7% |
| Sector | -4.0% | 21.4% | -0.1% | -1.9% | 8.7% |
| Rank | 23/169 | 106/181 | 10/196 | 5/207 | 93/213 |
| Quartile | 1 | 3 | 1 | 1 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/04/24 |
5 Years to 30/04/24 |
10 Years to 30/04/24 |
||
| Fund | 6.9% | 8.3% | 7.5% | |
| Sector | 2.1% | 4.4% | 5.5% | |
| Rank | 4/196 | 4/169 | 13/107 | |
| Quartile | 1 | 1 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| MICROSOFT CORPORATION | 4.48 |
| RELX | 2.63 |
| SHELL | 2.28 |
| 2% Treasury Gilt 2025 | 2.27 |
| 2¾% Treasury Gilt 2024 | 2.25 |
| USA Treasury Bonds 2.875% 15/05/43 USD100 | 1.96 |
| ASTRAZENECA | 1.92 |
| 4¼% Treasury Gilt 2039 | 1.89 |
| SONY CORP | 1.87 |
| 3½% Treasury Gilt 2045 | 1.86 |
| Total | 23.41 |
Fund Aims
The objective of the Sub-Fund is to achieve a balance between capital growth and income predominantly from a portfolio of UK and international securities.
Fund Manager
Paul is a portfolio manager and strategist at Newton. He is a portfolio manager on the Newton Global Income strategy and is also lead manager of the Newton Multi-Asset Income strategy and the Newton Multi-Asset Diversified Return strategy. He also provides leadership and analysis on asset allocation, derivatives and convertible bonds for the wider firm, having spent the earlier part of his career working on strategic asset allocation and derivative strategy. Paul is responsible for generating ideas within alternative assets and has been leading in this area since 2008. He is a member of the asset class strategy group and provides feedback to the wider house on strategic and tactical asset allocation.
Paul joined Newton in 2004. He is a CFA1 charterholder and has completed the certificate in quantitative finance (CQF) after passing with distinction. Paul studied Astrophysics at the University of St Andrews and is a keen cyclist and runner, having recently cycled the length of the UK from Land’s End to John O’Groats and often participates in marathons.
Bhavin joined Newton in June 2011 as a portfolio manager within the multi-asset team. Prior to joining Newton, he worked at SG Hambros for 7 years where he was responsible for managing client portfolios focused on absolute return & multi-asset strategies. Bhavin is co-lead manager on a numerous multi asset accounts at Newton. In addition to portfolio management responsibilities, Bhavin is also a member of the Investment Risk Oversight Group and is a co-lead of our Net Effects thematic group, which focuses on digitalisation trends.
Bhavin holds an MSc in Mathematics with distinction and is a CFA1 charterholder.
Simon is a portfolio manager on the equity opportunities team responsible for managing both global equity and multi-asset portfolios.
Simon joined Newton in 2001 and was responsible for research into a number of global industrial sectors before moving to portfolio management. Simon’s experience includes managing global, multi-asset, charity and UK equity portfolios.
Simon Is a chartered accountant (ACA) and prior to joining Newton he worked in both audit and insolvency practices at leading accountancy firms. He is a CFA1 charterholder, a member of the Chartered Institute for Securities and Investment (MCSI) and also holds a BA (Hons) degree in Industrial Economics from The University of Nottingham.
Outside of work, Simon is a keen runner and is an active member of his son’s local junior sports teams.
Fund Overview
| Mid (03/05/2024) | 234.13p |
| Historic yield | 2.06% |
| Fund size (31/01/2024) | £3155.58m |
| Number of holdings | 81 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.67% |
| Launch date | 04/11/1986 |
Asset Allocation
| International Equities | 49.75% | |
| UK Equities | 22.83% | |
| UK Gilts | 13.36% | |
| Cash and Equivalents | 8.19% | |
| International Bonds | 5.87% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 49.75% | |
| UK Equities | 22.83% | |
| UK Gilts | 13.36% | |
| Cash and Equivalents | 8.19% | |
| International Bonds | 5.87% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 19.23% | - | - | - | |
| Technology | 14.62% | - | - | - | |
| Technology | - | 14.62% | - | - | |
| Software & Computer Services | - | - | 9.22% | - | |
| Software | - | - | - | 7.43% | |
| Consumer Digital Services | - | - | - | 1.79% | |
| Technology Hardware & Equipment | - | - | 5.40% | - | |
| Semiconductors | - | - | - | 2.34% | |
| Production Technology Equipment | - | - | - | 1.23% | |
| Computer Hardware | - | - | - | 1.14% | |
| Electronic Components | - | - | - | 0.69% | |
| Health Care | 12.38% | - | - | - | |
| Health Care | - | 12.38% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 7.61% | - | |
| Pharmaceuticals | - | - | - | 5.85% | |
| Biotechnology | - | - | - | 1.76% | |
| Medical Equipment & Services | - | - | 4.77% | - | |
| Medical Equipment | - | - | - | 3.59% | |
| Medical Supplies | - | - | - | 1.17% | |
| Industrials | 12.13% | - | - | - | |
| Industrial Goods & Services | - | 10.73% | - | - | |
| Industrial Support Services | - | - | 5.22% | - | |
| Professional Business Support Services | - | - | - | 3.30% | |
| Transaction Processing Services | - | - | - | 1.40% | |
| Industrial Suppliers | - | - | - | 0.53% | |
| Aerospace & Defence | - | - | 1.65% | - | |
| Defense | - | - | - | 1.65% | |
| Electronic & Electrical Equipment | - | - | 1.28% | - | |
| Electrical Components | - | - | - | 1.28% | |
| Industrial Engineering | - | - | 1.13% | - | |
| Machinery: Industrial | - | - | - | 1.13% | |
| General Industrials | - | - | 0.94% | - | |
| Containers & Packaging | - | - | - | 0.94% | |
| Industrial Transportation | - | - | 0.50% | - | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.50% | |
| Construction & Materials | - | 1.40% | - | - | |
| Construction & Materials | - | - | 1.40% | - | |
| Building: Climate Control | - | - | - | 1.40% | |
| Consumer Discretionary | 9.33% | - | - | - | |
| Media | - | 6.44% | - | - | |
| Media | - | - | 6.44% | - | |
| Publishing | - | - | - | 4.38% | |
| Radio & TV Broadcasters | - | - | - | 1.18% | |
| Media Agencies | - | - | - | 0.89% | |
| Consumer Products & Services | - | 1.87% | - | - | |
| Leisure Goods | - | - | 1.87% | - | |
| Consumer Electronics | - | - | - | 1.87% | |
| Automobiles & Parts | - | 1.03% | - | - | |
| Automobiles & Parts | - | - | 1.03% | - | |
| Automobiles | - | - | - | 1.03% | |
| Financials | 9.27% | - | - | - | |
| Insurance | - | 4.40% | - | - | |
| Non-life Insurance | - | - | 2.32% | - | |
| Property & Casualty Insurance | - | - | - | 1.17% | |
| Full Line Insurance | - | - | - | 1.14% | |
| Life Insurance | - | - | 2.08% | - | |
| Life Insurance | - | - | - | 2.08% | |
| Financial Services | - | 2.49% | - | - | |
| Investment Banking & Brokerage Services | - | - | 2.08% | - | |
| Investment Services | - | - | - | 2.08% | |
| Finance & Credit Services | - | - | 0.41% | - | |
| Financial Data & Systems | - | - | - | 0.41% | |
| Banks | - | 2.38% | - | - | |
| Banks | - | - | 2.38% | - | |
| Banks | - | - | - | 2.38% | |
| Cash and Equivalents | 8.19% | - | - | - | |
| Consumer Staples | 4.55% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 2.84% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 2.84% | - | |
| Nondurable Household Products | - | - | - | 1.54% | |
| Personal Products | - | - | - | 1.30% | |
| Food, Beverage & Tobacco | - | 1.71% | - | - | |
| Beverages | - | - | 1.71% | - | |
| Distillers & Vintners | - | - | - | 1.71% | |
| Basic Materials | 3.83% | - | - | - | |
| Chemicals | - | 2.26% | - | - | |
| Chemicals | - | - | 2.26% | - | |
| Chemicals: Diversified | - | - | - | 2.26% | |
| Basic Resources | - | 1.57% | - | - | |
| Industrial Metals & Mining | - | - | 1.57% | - | |
| General Mining | - | - | - | 1.57% | |
| Utilities | 3.25% | - | - | - | |
| Utilities | - | 3.25% | - | - | |
| Electricity | - | - | 1.89% | - | |
| Conventional Electricity | - | - | - | 1.89% | |
| Gas, Water & Multi-utilities | - | - | 1.36% | - | |
| Multi-Utilities | - | - | - | 1.36% | |
| Energy | 2.28% | - | - | - | |
| Energy | - | 2.28% | - | - | |
| Non-Renewable Energy | - | - | 2.28% | - | |
| Integrated Oil & Gas | - | - | - | 2.28% | |
| Telecommunications | 0.96% | - | - | - | |
| Telecommunications | - | 0.96% | - | - | |
| Telecommunications Equipment | - | - | 0.96% | - | |
| Telecommunications Equipment | - | - | - | 0.96% | |
Regional Allocation
| UK | 36.19% | |
| North America | 24.99% | |
| Developed Europe - Excl UK | 20.62% | |
| Cash and Equivalents | 8.19% | |
| Japan | 3.58% | |
| Emerging Asia | 3.30% | |
| Australia & New Zealand | 2.08% | |
| Developed Asia | 1.05% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 72.58% | |
| Pound Sterling | 13.36% | |
| Cash | 8.19% | |
| US Dollar | 4.52% | |
| Australian Dollar | 1.34% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 36.19% | - | |
United Kingdom
|
- | 36.19% | |
| North America | 24.99% | - | |
United States
|
- | 24.99% | |
| Developed Europe - Excl UK | 20.62% | - | |
Ireland
|
- | 6.63% | |
Switzerland
|
- | 5.39% | |
France
|
- | 3.20% | |
Netherlands
|
- | 2.93% | |
Germany
|
- | 1.84% | |
Denmark
|
- | 0.63% | |
| Cash and Equivalents | 8.19% | - | |
| Japan | 3.58% | - | |
Japan
|
- | 3.58% | |
| Emerging Asia | 3.30% | - | |
South Korea
|
- | 1.47% | |
Taiwan
|
- | 1.05% | |
India
|
- | 0.78% | |
| Australia & New Zealand | 2.08% | - | |
Australia
|
- | 2.08% | |
| Developed Asia | 1.05% | - | |
Hong Kong
|
- | 1.05% | |
Breakdown By Market Cap (%)
| Mega |
|
47.94% |
| Large |
|
8.45% |
| Medium |
|
0.77% |
| Non-Classified |
|
15.42% |
| Bonds |
|
19.23% |
| Cash |
|
8.19% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | MICROSOFT CORPORATION | 4.48% | Software & Computer Services | United States |
| 2 | RELX | 2.63% | Media | United Kingdom |
| 3 | SHELL | 2.28% | Non-Renewable Energy | United Kingdom |
| 4 | 2% Treasury Gilt 2025 | 2.27% | Bonds | United Kingdom |
| 5 | 2¾% Treasury Gilt 2024 | 2.25% | Bonds | United Kingdom |
| 6 | USA Treasury Bonds 2.875% 15/05/43 USD100 | 1.96% | Bonds | United States |
| 7 | ASTRAZENECA | 1.92% | Pharmaceuticals & Biotechnology | United Kingdom |
| 8 | 4¼% Treasury Gilt 2039 | 1.89% | Bonds | United Kingdom |
| 9 | SONY CORP | 1.87% | Leisure Goods | Japan |
| 10 | 3½% Treasury Gilt 2045 | 1.86% | Bonds | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 14.62% | - | - | - | - | - | - | 14.62% |
| Telecommunications | - | 0.96% | - | - | - | - | - | - | 0.96% |
| Financials | 3.04% | 6.23% | - | - | - | - | - | - | 9.27% |
| Consumer Discretionary | 3.51% | 5.82% | - | - | - | - | - | - | 9.33% |
| Consumer Staples | 4.55% | - | - | - | - | - | - | - | 4.55% |
| Energy | 2.28% | - | - | - | - | - | - | - | 2.28% |
| Utilities | 2.50% | 0.75% | - | - | - | - | - | - | 3.25% |
| Health Care | 2.74% | 9.65% | - | - | - | - | - | - | 12.38% |
| Industrials | 3.39% | 8.74% | - | - | - | - | - | - | 12.13% |
| Basic Materials | 0.83% | 2.99% | - | - | - | - | - | - | 3.83% |
| Cash and Equivalents | - | - | - | - | - | - | - | 8.19% | 8.19% |
| Bonds | - | - | - | 5.87% | 13.36% | - | - | - | 19.23% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B86LX25 |
| Mex Code | RSINTI |
| Isin Code | GB00B86LX253 |
| Citi Code | GQIZ |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.67% |
Aims and Benchmark
| Aims | The objective of the Sub-Fund is to achieve a balance between capital growth and income predominantly from a portfolio of UK and international securities. |
| Benchmark | IA Mixed Investment 40-85% Shares |
| Benchmark Category | - |
| IA Sector | Mixed Investment 40-85% Shares |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | ICVC |
| Launch price | £0.50 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 January | 28 February |
| 01 July | 31 August |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | The National Westminster Bank plc |
| Fund Administrator | The Bank of New York Mellon (International) Limited |
| Fund Registrar | BNY Mellon Fund Managers Limited |
| Fund Custodian | The National Westminster Bank plc |
Group Details
| Group name | BNY Mellon Fund Management (Luxembourg) S.A. |
| Group address | BNY Mellon Asset Management International Limited The Bank of New York Mellon Centre 160 Queen Victoria Street London EC4V 4LA United Kingdom |
| Group telephone | 0500 66 00 00 |
| Dealing telephone | - |
| brokersupport@bnymellon.com | |
| Homepage | www.bnymellonam.com |
| Fax number | - |
Dealing
| Minimum Investment | £10000000 |
| Minimum Top Up | £0 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 4 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 4.63 |
| Beta | 0.83 |
| Sharpe | 0.48 |
| Standard Deviation | 7.06 |
| Info Ratio | 1.58 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | Yes |
| Concentrated Portfolio | No |
| Smaller Companies | Yes |
| High Yield Bonds | Yes |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | Yes |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | Yes |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | Yes |
| Ethical Restrictions | No |
| Liquidity | Yes |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Charges to Capital
Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
Emerging Markets
The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.
Smaller Companies
The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.
High Yield Bonds
The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Derivative Exposure
The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
Umbrella Liabilities
If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.
Solvency of Bond Issuers
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
Liquidity
This fund can suffer from partial or total illiquidity, which may lead to considerable price fluctuations and the inability to redeem your investment.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.