BNY Mellon Global Emerging Markets Opportunities (GB) Class W (Net) 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 | 3.0% | 58.9% | -15.8% | -0.9% | 4.8% |
| Sector | -10.3% | 37.9% | -12.4% | -4.8% | 10.1% |
| Rank | 4/130 | 12/137 | 82/149 | 26/159 | 138/165 |
| Quartile | 1 | 1 | 3 | 1 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/04/24 |
5 Years to 30/04/24 |
10 Years to 30/04/24 |
||
| Fund | -4.4% | 7.4% | 9.1% | |
| Sector | -2.8% | 2.6% | 5.6% | |
| Rank | 77/149 | 6/130 | 2/91 | |
| Quartile | 3 | 1 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 6.39 |
| HDFC BANK LIMITED | 4.55 |
| TENCENT HOLDINGS LIMITED | 4.13 |
| WAL-MART DE MEXICO SAB DE CV | 3.77 |
| TATA CONSULTANCY SERVICES LIMITED | 3.67 |
| AIA GROUP LIMITED | 3.37 |
| PT BANK MANDIRI (PERSERO) TBK | 3.08 |
| SAMSUNG ELECTRONICS CO. LTD | 2.94 |
| ASML HOLDING N.V. | 2.88 |
| INFO EDGE INDIA LTD | 2.78 |
| Total | 37.56 |
Fund Aims
The investment objective of the Fund is to achieve long term capital growth.
Fund Manager
Ian is a member of Newton’s equity opportunities team. Ian joined Newton in October 2020 to manage global emerging markets portfolios. Prior to joining Newton, Ian was a global emerging market equity portfolio manager at AXA Investment Managers, where he had worked since February 2012. Prior to joining AXA Investment Managers, Ian was a research analyst covering Asian financials at Matrix Group. Before joining Matrix Group, Ian was a research analyst covering emerging market financials at Nevsky Capital. Ian has a BA in Economics and Politics from Durham University and gained ACA qualification in 2003.
Outside of work, Ian enjoys travelling with family and friends.
Paul Birchenough is a member of Newton’s equity opportunities team. Paul joined Newton in October 2020 to manage global emerging markets portfolios. Prior to joining Newton, Paul was a global emerging-market equity portfolio manager at AXA Investment Managers, where he had worked since April 2011. Prior to joining AXA Investment Managers, Paul was a research analyst at Nevsky Capital. Before joining Nevsky Capital, Paul held various roles at KPMG, including positions in corporate finance, transaction services and audit. Paul has a BSc (Hons) in Mathematics from Nottingham University and is an Associate Chartered Accountant.
Outside of work, Paul enjoys swimming and sailing.
Fund Overview
| Mid (03/05/2024) | 213.13p |
| Historic yield | 0.70% |
| Fund size (31/01/2024) | £197.81m |
| Number of holdings | 59 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.88% |
| Launch date | 27/07/2015 |
Asset Allocation
| International Equities | 95.54% | |
| Cash and Equivalents | 3.44% | |
| UK Equities | 1.02% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client's investment may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our 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. 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 report or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 95.54% | |
| Cash and Equivalents | 3.44% | |
| UK Equities | 1.02% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Technology | 30.66% | - | - | - | |
| Technology | - | 30.66% | - | - | |
| Software & Computer Services | - | - | 15.35% | - | |
| Consumer Digital Services | - | - | - | 8.49% | |
| Computer Services | - | - | - | 6.09% | |
| Software | - | - | - | 0.76% | |
| Technology Hardware & Equipment | - | - | 15.31% | - | |
| Production Technology Equipment | - | - | - | 7.42% | |
| Semiconductors | - | - | - | 6.39% | |
| Electronic Components | - | - | - | 1.50% | |
| Financials | 22.32% | - | - | - | |
| Banks | - | 12.74% | - | - | |
| Banks | - | - | 12.74% | - | |
| Banks | - | - | - | 12.74% | |
| Insurance | - | 6.04% | - | - | |
| Life Insurance | - | - | 6.04% | - | |
| Life Insurance | - | - | - | 6.04% | |
| Financial Services | - | 3.54% | - | - | |
| Investment Banking & Brokerage Services | - | - | 3.54% | - | |
| Investment Services | - | - | - | 3.54% | |
| Consumer Discretionary | 16.03% | - | - | - | |
| Consumer Products & Services | - | 6.58% | - | - | |
| Personal Goods | - | - | 2.90% | - | |
| Luxury Items | - | - | - | 2.11% | |
| Cosmetics | - | - | - | 0.79% | |
| Consumer Services | - | - | 2.00% | - | |
| Consumer Services: Misc. | - | - | - | 2.00% | |
| Leisure Goods | - | - | 1.68% | - | |
| Electronic Entertainment | - | - | - | 1.68% | |
| Travel & Leisure | - | 3.83% | - | - | |
| Travel & Leisure | - | - | 3.83% | - | |
| Restaurants & Bars | - | - | - | 2.33% | |
| Travel & Tourism | - | - | - | 1.49% | |
| Retail | - | 3.77% | - | - | |
| Retailers | - | - | 3.77% | - | |
| Diversified Retailers | - | - | - | 3.77% | |
| Automobiles & Parts | - | 1.85% | - | - | |
| Automobiles & Parts | - | - | 1.85% | - | |
| Auto Parts | - | - | - | 1.85% | |
| Consumer Staples | 11.10% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 9.56% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 9.56% | - | |
| Personal Products | - | - | - | 4.70% | |
| Drug Retailers | - | - | - | 3.43% | |
| Food Retailers & Wholesalers | - | - | - | 1.44% | |
| Food, Beverage & Tobacco | - | 1.54% | - | - | |
| Food Producers | - | - | 1.54% | - | |
| Food Products | - | - | - | 1.54% | |
| Industrials | 10.62% | - | - | - | |
| Industrial Goods & Services | - | 10.62% | - | - | |
| Industrial Engineering | - | - | 5.13% | - | |
| Machinery: Industrial | - | - | - | 5.13% | |
| Electronic & Electrical Equipment | - | - | 4.75% | - | |
| Electronic Equipment: Gauges & Meters | - | - | - | 2.62% | |
| Electrical Components | - | - | - | 2.13% | |
| Industrial Support Services | - | - | 0.74% | - | |
| Professional Business Support Services | - | - | - | 0.74% | |
| Cash and Equivalents | 3.44% | - | - | - | |
| Telecommunications | 2.94% | - | - | - | |
| Telecommunications | - | 2.94% | - | - | |
| Telecommunications Equipment | - | - | 2.94% | - | |
| Telecommunications Equipment | - | - | - | 2.94% | |
| Energy | 1.63% | - | - | - | |
| Energy | - | 1.63% | - | - | |
| Renewable Energy | - | - | 1.63% | - | |
| Renewable Energy Equipment | - | - | - | 1.63% | |
| Basic Materials | 1.27% | - | - | - | |
| Chemicals | - | 1.27% | - | - | |
| Chemicals | - | - | 1.27% | - | |
| Chemicals: Diversified | - | - | - | 1.27% | |
Regional Allocation
| Emerging Asia | 53.65% | |
| South & Central America | 11.26% | |
| North America | 9.90% | |
| Developed Asia | 9.75% | |
| Developed Europe - Excl UK | 6.79% | |
| Cash and Equivalents | 3.44% | |
| Middle East & Africa | 1.52% | |
| Emerging Europe | 1.44% | |
| Japan | 1.22% | |
| UK | 1.02% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 100.27% | |
| Pound Sterling | 0.04% | |
| Cash | -0.31% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Emerging Asia | 53.65% | - | |
India
|
- | 26.03% | |
Taiwan
|
- | 9.93% | |
China
|
- | 9.04% | |
Indonesia
|
- | 4.79% | |
South Korea
|
- | 3.86% | |
| South & Central America | 11.26% | - | |
Brazil
|
- | 5.81% | |
Mexico
|
- | 3.77% | |
Cayman Islands
|
- | 1.68% | |
| North America | 9.90% | - | |
United States
|
- | 9.90% | |
| Developed Asia | 9.75% | - | |
Hong Kong
|
- | 9.75% | |
| Developed Europe - Excl UK | 6.79% | - | |
Netherlands
|
- | 4.37% | |
Luxembourg
|
- | 2.42% | |
| Cash and Equivalents | 3.44% | - | |
| Middle East & Africa | 1.52% | - | |
South Africa
|
- | 1.52% | |
| Emerging Europe | 1.44% | - | |
Poland
|
- | 1.44% | |
| Japan | 1.22% | - | |
Japan
|
- | 1.22% | |
| UK | 1.02% | - | |
United Kingdom
|
- | 1.02% | |
Breakdown By Market Cap (%)
| Mega |
|
45.97% |
| Large |
|
24.12% |
| Medium |
|
7.19% |
| Non-Classified |
|
19.28% |
| Cash |
|
3.44% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 6.39% | Technology Hardware & Equipment | Taiwan |
| 2 | HDFC BANK LIMITED | 4.55% | Banks | India |
| 3 | TENCENT HOLDINGS LIMITED | 4.13% | Software & Computer Services | Hong Kong |
| 4 | WAL-MART DE MEXICO SAB DE CV | 3.77% | Retailers | Mexico |
| 5 | TATA CONSULTANCY SERVICES LIMITED | 3.67% | Software & Computer Services | India |
| 6 | AIA GROUP LIMITED | 3.37% | Life Insurance | Hong Kong |
| 7 | PT BANK MANDIRI (PERSERO) TBK | 3.08% | Banks | Indonesia |
| 8 | SAMSUNG ELECTRONICS CO. LTD | 2.94% | Telecommunications Equipment | South Korea |
| 9 | ASML HOLDING N.V. | 2.88% | Technology Hardware & Equipment | Netherlands |
| 10 | INFO EDGE INDIA LTD | 2.78% | Software & Computer Services | India |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 30.66% | - | - | - | - | - | - | 30.66% |
| Telecommunications | - | 2.94% | - | - | - | - | - | - | 2.94% |
| Financials | 1.02% | 21.30% | - | - | - | - | - | - | 22.32% |
| Consumer Discretionary | - | 16.03% | - | - | - | - | - | - | 16.03% |
| Consumer Staples | - | 11.10% | - | - | - | - | - | - | 11.10% |
| Energy | - | 1.63% | - | - | - | - | - | - | 1.63% |
| Industrials | - | 10.62% | - | - | - | - | - | - | 10.62% |
| Basic Materials | - | 1.27% | - | - | - | - | - | - | 1.27% |
| Cash and Equivalents | - | - | - | - | - | - | - | 3.44% | 3.44% |
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. 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 report or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | BVRZK93 |
| Mex Code | - |
| Isin Code | GB00BVRZK937 |
| Citi Code | MKHI |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.88% |
Aims and Benchmark
| Aims | The investment objective of the Fund is to achieve long term capital growth. |
| Benchmark | MSCI Emerging Markets (£) |
| Benchmark Category | - |
| IA Sector | Global Emerging Markets |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | ICVC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 July | 31 October |
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. 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 report or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -1.89 |
| Beta | 0.92 |
| Sharpe | -0.01 |
| Standard Deviation | 12.80 |
| Info Ratio | -0.32 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | Yes |
| Concentrated Portfolio | No |
| Smaller Companies | Yes |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | Yes |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | Yes |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | Yes |
| Liquidity | Yes |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
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.
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.
Higher Risk
This fund is specifically aimed at sophisticated investors and is particularly high risk, because it concentrates on a region that may be exposed to unusual political or economic risks. You should only invest if you are comfortable with the specific risks pertaining to the fund in question. If you are not familiar with these you should ask us for a copy of the provider's key features and brochure.
Income Eroding Capital Growth
The fund focuses on providing an income, which can reduce the prospects for capital growth, and in some cases the capital value may fall.
Ethical Restrictions
The fund is unable to invest in certain sectors and companies due to the ethical criteria used to select investments for the fund.
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. 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 report or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund Performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client's investment may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our 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. 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 report 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.