BNY Mellon Real Return (GB) Class W Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | 6.1% | 7.2% | -6.2% | -0.5% | 11.5% |
| Sector | 2.3% | 3.8% | 0.1% | 3.1% | 7.8% |
| Rank | 21/63 | 23/66 | 57/72 | 60/74 | 15/74 |
| Quartile | 2 | 2 | 4 | 4 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | 1.4% | 3.4% | 3.4% | |
| Sector | 3.7% | 3.4% | 2.4% | |
| Rank | 51/72 | 33/63 | 18/41 | |
| Quartile | 3 | 3 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| ¼% Treasury Gilt 2025 | 5.44 |
| USA Treasury Notes 1.25% TII 15/4/2028 USD100 | 4.74 |
| UK Treasury Bill 0% 10/02/2025 GBP0.01 | 4.68 |
| 4¼% Treasury Gilt 2039 | 3.15 |
| Barclays Bank PLC S&P Coll Nts 10/01/2025 Friday | 2.74 |
| Barclays Bank PLC S&P Coll Nts 13/01/2025 Monday | 2.65 |
| Mexico (United Mexican States) 0% T-Bill 03/10/2024 MXN10 | 2.65 |
| UK Treasury Bill 0% 11/11/2024 GBP0.01 | 2.14 |
| USA Treasury Notes 3% 15/11/2045 USD100 | 2.12 |
| UK Treasury Bill 0% 07/10/2024 GBP0.01 | 1.71 |
| Total | 32.01 |
Fund Aims
The objective of the Sub-Fund is to achieve significant real rates of return in Sterling terms predominantly from a portfolio of UK and international securities. The Sub-Fund is managed to seek a minimum return of cash (1 month GBP LIBOR) +4% per annum over 5 years before fees. In so doing we aim to achieve a positive return on a rolling 3 year basis. However, a positive return is not guaranteed and a capital loss may occur. The Sub-Fund may also invest in deposits, approved money market instruments, derivative instruments, forward transactions and collective investment schemes.
Fund Manager
TBC
Aron is a global portfolio manager and risk strategist for the real return portfolios, with a particular focus on the use of derivatives and hedging. Together with Suzanne Hutchins and Andy Warwick, Aron is responsible for the final capital allocation decisions on the strategy. Aron joined Newton in 2006 as a member of the portfolio analytics team, where he was responsible for risk analysis and portfolio construction across Newton’s institutional and retail portfolios. Previously, he worked as a quantitative analyst at Lacima Group.
Suzanne is a portfolio manager on the Real Return strategy and head of the Real Return team. She chairs the formal weekly team meeting and, together with Aron Pataki and Andy Warwick, Suzanne is responsible for the final capital allocation decisions on the strategy. Suzanne started her career at Newton in 1991 as a global research analyst before working directly with Stewart Newton on multi-asset and RPI-based strategies and leading on Newton’s UK and Intrepid teams. In 2005, Suzanne joined Capital International, before returning to Newton to focus on the Real Return strategy. She is an associate member of the CFA1 and UK Society of Investment Professionals (UKSIP) and graduated from University College London with a First Class BA (Hons) degree.
Fund Overview
| Mid (20/12/2024) | 112.14p |
| Historic yield | 2.68% |
| Fund size (31/08/2024) | £2752.78m |
| Number of holdings | 879 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.82% |
| Launch date | 05/09/2012 |
Asset Allocation
| International Equities | 31.02% | |
| International Bonds | 15.92% | |
| UK Corporate Bonds | 9.53% | |
| UK Equities | 8.88% | |
| UK Gilts | 8.59% | |
| Cash and Equivalents | 6.56% | |
| Commodities | 4.57% | |
| Investment Trusts | 3.12% | |
| Property | 0.69% | |
| Other Assets | 11.13% |
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 | 31.02% | |
| International Bonds | 15.92% | |
| UK Corporate Bonds | 9.53% | |
| UK Equities | 8.88% | |
| UK Gilts | 8.59% | |
| Cash and Equivalents | 6.56% | |
| Commodities | 4.57% | |
| Investment Trusts | 3.12% | |
| Property | 0.69% | |
| Other Assets | 11.13% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 34.04% | - | - | - | |
| Non-Classified | 10.57% | - | - | - | |
| Non-Classified | - | 2.30% | - | - | |
| Non-Classified | - | - | 2.30% | - | |
| Non-Classified | - | - | - | 2.30% | |
| Financials | 9.28% | - | - | - | |
| Financial Services | - | 6.46% | - | - | |
| Equity Investment Instruments | - | - | 3.12% | - | |
| Equity Investment Instruments | - | - | - | 3.12% | |
| Investment Banking & Brokerage Services | - | - | 3.04% | - | |
| Investment Services | - | - | - | 2.58% | |
| Asset Managers & Custodians | - | - | - | 0.45% | |
| Finance & Credit Services | - | - | 0.31% | - | |
| Financial Data & Systems | - | - | - | 0.31% | |
| Banks | - | 2.25% | - | - | |
| Banks | - | - | 2.25% | - | |
| Banks | - | - | - | 2.25% | |
| Insurance | - | 0.57% | - | - | |
| Non-life Insurance | - | - | 0.57% | - | |
| Reinsurance | - | - | - | 0.57% | |
| Technology | 7.52% | - | - | - | |
| Technology | - | 7.52% | - | - | |
| Technology Hardware & Equipment | - | - | 4.11% | - | |
| Semiconductors | - | - | - | 2.19% | |
| Computer Hardware | - | - | - | 1.45% | |
| Production Technology Equipment | - | - | - | 0.46% | |
| Software & Computer Services | - | - | 3.42% | - | |
| Software | - | - | - | 1.69% | |
| Consumer Digital Services | - | - | - | 1.24% | |
| Computer Services | - | - | - | 0.49% | |
| Cash and Equivalents | 6.56% | - | - | - | |
| Health Care | 6.34% | - | - | - | |
| Health Care | - | 6.34% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 4.44% | - | |
| Pharmaceuticals | - | - | - | 3.46% | |
| Biotechnology | - | - | - | 0.98% | |
| Medical Equipment & Services | - | - | 1.90% | - | |
| Medical Supplies | - | - | - | 1.32% | |
| Medical Equipment | - | - | - | 0.58% | |
| Consumer Discretionary | 5.41% | - | - | - | |
| Media | - | 2.83% | - | - | |
| Media | - | - | 2.83% | - | |
| Publishing | - | - | - | 1.11% | |
| Entertainment | - | - | - | 0.71% | |
| Media Agencies | - | - | - | 0.54% | |
| Radio & TV Broadcasters | - | - | - | 0.47% | |
| Retail | - | 1.15% | - | - | |
| Retailers | - | - | 1.15% | - | |
| Diversified Retailers | - | - | - | 1.15% | |
| Consumer Products & Services | - | 1.13% | - | - | |
| Personal Goods | - | - | 0.81% | - | |
| Footwear | - | - | - | 0.62% | |
| Clothing & Accessories | - | - | - | 0.19% | |
| Leisure Goods | - | - | 0.32% | - | |
| Consumer Electronics | - | - | - | 0.32% | |
| Travel & Leisure | - | 0.30% | - | - | |
| Travel & Leisure | - | - | 0.30% | - | |
| Airlines | - | - | - | 0.30% | |
| Industrials | 5.24% | - | - | - | |
| Industrial Goods & Services | - | 5.24% | - | - | |
| Aerospace & Defence | - | - | 2.33% | - | |
| Defense | - | - | - | 1.40% | |
| Aerospace | - | - | - | 0.93% | |
| Electronic & Electrical Equipment | - | - | 1.45% | - | |
| Electrical Components | - | - | - | 0.83% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.62% | |
| Industrial Support Services | - | - | 0.47% | - | |
| Transaction Processing Services | - | - | - | 0.47% | |
| Industrial Engineering | - | - | 0.46% | - | |
| Machinery: Agricultural | - | - | - | 0.46% | |
| General Industrials | - | - | 0.29% | - | |
| Diversified Industrials | - | - | - | 0.29% | |
| Industrial Transportation | - | - | 0.24% | - | |
| Transportation Services | - | - | - | 0.24% | |
| Commodities | 4.57% | - | - | - | |
| Commodities | - | 4.57% | - | - | |
| Commodities | - | - | 4.57% | - | |
| Commodities | - | - | - | 4.57% | |
| Consumer Staples | 3.23% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 1.98% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.98% | - | |
| Personal Products | - | - | - | 1.34% | |
| Nondurable Household Products | - | - | - | 0.54% | |
| Food Retailers & Wholesalers | - | - | - | 0.10% | |
| Food, Beverage & Tobacco | - | 1.25% | - | - | |
| Food Producers | - | - | 0.75% | - | |
| Food Products | - | - | - | 0.75% | |
| Beverages | - | - | 0.49% | - | |
| Distillers & Vintners | - | - | - | 0.49% | |
| Energy | 1.82% | - | - | - | |
| Energy | - | 1.82% | - | - | |
| Non-Renewable Energy | - | - | 1.82% | - | |
| Integrated Oil & Gas | - | - | - | 1.42% | |
| Oil Refining and Marketing | - | - | - | 0.40% | |
| Basic Materials | 1.73% | - | - | - | |
| Chemicals | - | 1.27% | - | - | |
| Chemicals | - | - | 1.27% | - | |
| Chemicals: Diversified | - | - | - | 1.27% | |
| Basic Resources | - | 0.46% | - | - | |
| Industrial Metals & Mining | - | - | 0.46% | - | |
| Copper | - | - | - | 0.36% | |
| Metal Fabricating | - | - | - | 0.10% | |
| Utilities | 1.57% | - | - | - | |
| Utilities | - | 1.57% | - | - | |
| Electricity | - | - | 1.57% | - | |
| Conventional Electricity | - | - | - | 0.97% | |
| Alternative Electricity | - | - | - | 0.60% | |
| Telecommunications | 0.87% | - | - | - | |
| Telecommunications | - | 0.87% | - | - | |
| Telecommunications Equipment | - | - | 0.76% | - | |
| Telecommunications Equipment | - | - | - | 0.76% | |
| Telecommunications Service Providers | - | - | 0.11% | - | |
| Telecommunications Services | - | - | - | 0.11% | |
| Real Estate | 0.69% | - | - | - | |
| Real Estate | - | 0.69% | - | - | |
| Real Estate Investment Trusts | - | - | 0.69% | - | |
| Diversified REITs | - | - | - | 0.69% | |
| Alternative Trading Strategies | 0.56% | - | - | - | |
| Alternative Trading Strategies | - | 0.56% | - | - | |
| Alternative Trading Strategies | - | - | 0.56% | - | |
| Alternative Trading Strategies | - | - | - | 0.56% | |
Regional Allocation
| UK | 27.00% | |
| North America | 26.49% | |
| Non-Classified | 14.24% | |
| Developed Europe - Excl UK | 10.08% | |
| Cash and Equivalents | 6.56% | |
| South & Central America | 6.08% | |
| Commodities | 4.57% | |
| Emerging Asia | 3.86% | |
| Property | 0.69% | |
| Other Regions | 0.43% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 59.40% | |
| Pound Sterling | 17.81% | |
| US Dollar | 9.03% | |
| Cash | 6.56% | |
| Mexican Peso | 4.04% | |
| Brazilian Real | 1.43% | |
| Other Currencies | 1.75% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 27.00% | - | |
United Kingdom
|
- | 27.00% | |
| North America | 26.49% | - | |
United States
|
- | 26.49% | |
Canada
|
- | 0.00% | |
| Non-Classified | 14.24% | - | |
| Developed Europe - Excl UK | 10.08% | - | |
Switzerland
|
- | 3.11% | |
Ireland
|
- | 2.12% | |
France
|
- | 1.21% | |
Germany
|
- | 1.16% | |
Italy
|
- | 0.92% | |
Netherlands
|
- | 0.89% | |
Spain
|
- | 0.49% | |
Luxembourg
|
- | 0.17% | |
Denmark
|
- | 0.00% | |
Norway
|
- | 0.00% | |
Sweden
|
- | 0.00% | |
Belgium
|
- | 0.00% | |
Finland
|
- | 0.00% | |
| Cash and Equivalents | 6.56% | - | |
| South & Central America | 6.08% | - | |
Mexico
|
- | 4.04% | |
Brazil
|
- | 2.04% | |
| Commodities | 4.57% | - | |
| Emerging Asia | 3.86% | - | |
India
|
- | 1.74% | |
Indonesia
|
- | 1.36% | |
South Korea
|
- | 0.76% | |
| Property | 0.69% | - | |
| Japan | 0.32% | - | |
Japan
|
- | 0.32% | |
| Emerging Europe | 0.11% | - | |
Hungary
|
- | 0.11% | |
Breakdown By Market Cap (%)
| Mega |
|
23.23% |
| Large |
|
3.41% |
| Medium |
|
3.93% |
| Small |
|
0.60% |
| Micro |
|
0.24% |
| Non-Classified |
|
27.99% |
| Bonds |
|
34.04% |
| Cash |
|
6.56% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
24.80% |
| 5Yr - 10Yr Maturity |
|
3.32% |
| > 15Yr Maturity |
|
5.92% |
| Cash And Equivalents |
|
6.56% |
| Unknown Maturity |
|
12.85% |
| Other Asset Types |
|
46.55% |
Fixed Interest Quality Profile
| AAA |
|
6.86% |
| AA |
|
8.59% |
| A |
|
0.36% |
| BBB |
|
2.46% |
| Sub-Investment Grade |
|
1.05% |
| Unknown Quality |
|
14.73% |
| Cash and Equivalents |
|
6.56% |
| Other Asset Types |
|
59.40% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | ¼% Treasury Gilt 2025 | 5.44% | Bonds | United Kingdom |
| 2 | USA Treasury Notes 1.25% TII 15/4/2028 USD100 | 4.74% | Bonds | United States |
| 3 | UK Treasury Bill 0% 10/02/2025 GBP0.01 | 4.68% | Bonds | United Kingdom |
| 4 | 4¼% Treasury Gilt 2039 | 3.15% | Bonds | United Kingdom |
| 5 | Barclays Bank PLC S&P Coll Nts 10/01/2025 Friday | 2.74% | Non-Classified | Non-Classified |
| 6 | Barclays Bank PLC S&P Coll Nts 13/01/2025 Monday | 2.65% | Non-Classified | Non-Classified |
| 7 | Mexico (United Mexican States) 0% T-Bill 03/10/2024 MXN10 | 2.65% | Bonds | Mexico |
| 8 | UK Treasury Bill 0% 11/11/2024 GBP0.01 | 2.14% | Bonds | United Kingdom |
| 9 | USA Treasury Notes 3% 15/11/2045 USD100 | 2.12% | Bonds | United States |
| 10 | UK Treasury Bill 0% 07/10/2024 GBP0.01 | 1.71% | Bonds | United Kingdom |
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 | B7W3652 |
| Mex Code | RSETRS |
| Isin Code | GB00B7W36529 |
| Citi Code | GPQJ |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.82% |
Aims and Benchmark
| Aims | The objective of the Sub-Fund is to achieve significant real rates of return in Sterling terms predominantly from a portfolio of UK and international securities. The Sub-Fund is managed to seek a minimum return of cash (1 month GBP LIBOR) +4% per annum over 5 years before fees. In so doing we aim to achieve a positive return on a rolling 3 year basis. However, a positive return is not guaranteed and a capital loss may occur. The Sub-Fund may also invest in deposits, approved money market instruments, derivative instruments, forward transactions and collective investment schemes. |
| Benchmark | LIBOR GBP 1 Month + 4% |
| Benchmark Category | - |
| IA Sector | Targeted Absolute Return |
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 | Biannually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 02 January | 28 February |
| 03 July | 30 September |
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 | - |
| - | |
| 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.
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.