BNY MELLON US EQUITY I GBP - Fund overview
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Overview of
BNY MELLON US EQUITY I GBP
Bestinvest research covers the funds we currently highlight and the most popular funds chosen by our clients over the years. BNY MELLON US EQUITY I GBP does not fall into either of these categories at present.
Standard Initial Charge
5.00% –
Fund summary
| Sector |
North America
|
| Product type |
OFFSHORE FUND
|
| Launched |
November, 2009
|
| Size |
£67m
|
| Yield |
0.1%
|
| Charging basis |
–
|
| Dividends paid |
Jan
|
| Bid price |
83.31p |
Fund Charges
|
Standard Initial charge
|
5.00%
|
|
Initial charge via Bestinvest
|
–
|
|
Additional bid/offer spread
|
0.00%
|
|
Annual management charge
|
0.75%
|
|
Total expense ratio
|
1.03%
|
|
Reduction in yield (10yr)
|
1.03%
|
Bestinvest says
No information available.
Portfolio
| Allocation |
Proportion |
|
|
Equity |
100%
|
|
High yield bonds |
–
|
|
Quality bonds |
–
|
|
Property |
–
|
|
Commodities |
–
|
|
Hedge |
–
|
|
Fund cash |
–
|
|
Allocation
|
Proportion
|
|
|
|
|
UK
|
–
|
|
|
Europe
|
–
|
|
|
Nth America
|
100%
|
|
|
Japan
|
–
|
|
|
Pacific
|
–
|
|
|
Other Equity
|
–
|
|
Allocation
|
Proportion
|
|
|
|
|
Large Caps
|
80%
|
|
|
Mid Caps
|
15%
|
|
|
Small Caps
|
5%
|
View all performance data for BNY MELLON US EQUITY I GBP
Investment process
Invests in equity securities of high quality US & Canadian companies. Bottom-up investment approach – market capitalisation or indices are not used for portfolio construction. Turnover is typically less than 25% per year as they have a ‘buy’ & ‘hold’ approach. Initial screen is for companies capable of 20% wealth generation eg using metrics for cash ROI, ROE and EPS growth. Then they do intensive financial analysis on seven areas of investigation: (1) product / franchise (market position, sustainable margins); (2) Industry (competitive structure, industry dynamics); (3) Competitive position (price leadership, cost control); (4) Profitability (cash flow, cash return on investment); (5) Financial model (accounting, balance sheet, working capital); (6) Management (experience, track record); (7) Marketability (free float, trading volume). Meetings with company management are integral to the process. Investment proposals that make it through this process are reviewed by the entire team - BUYs require unanimous approval, whereas SELLs just need one strong dissenting voice.