fund
BNY Mellon Global Income Institutional W
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194.74p
Price (Inc)
These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.
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265.53p
Price (Acc)
These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?
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0.00%
Initial chargeSome funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!
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0.75%
Annual management charge
This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).
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0.80%
Ongoing charges
This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.
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2.60%
Yield
How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…
The fund targets increasing annual distributions together with long-term capital growth by investing predominantly in equities worldwide. Manager Nick Clay invests in large and mid-sized companies that meet his strict yield criteria, combining the recommendations of Newton's global sector analysts with high income ideas selected by his team. The portfolio will also reflect themes such as deleveraging identified by Newton’s strategy group.
Fund summary
| Sector | Global Equity Income |
| Structure | OEIC |
| Launched | |
| Size | £3,485m |
| Yield | 2.60% |
| Charging basis | Capital |
| Dividends paid | 28 Feb, 31 May, 31 Aug, 30 Nov |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Annual management charge | 0.75% |
| Ongoing charges figure | 0.80% |
Allocation
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Investment process
Stocks in this fund must meet strict income criteria: companies can only be bought when their yield is 25% above that of the FTSE World index, and any stock whose yield falls below that of the index is sold. Ideas are primarily derived from the Research Recommended List, a portfolio selected by Newton's London-based analysts. Each analyst specialises in a specific industry, and compares companies worldwide operating in that industry. However, because only a fraction of these recommendations meet the fund’s yield requirement, the three-strong global income team supplement them with ideas sourced themselves or from Newton’s regional income teams. The stock selection process is informed by Newton's strategy group, which attempts to identify long term trends such as the fallout from the credit boom. Analysts and managers focus their research on companies which will benefit from these trends.
Manager research
Average monthly relative returns
- 16/17 0.00%
- 17/18 0.00%
- 18/19 0.00%
- 19/20 0.00%
- 20/21 0.00%
Bestinvest MRI
- 3 years 0.00%
- 5 years 0.00%
- Career 0.00%
- 3 years 0.00%
- 5 years 0.00%
- Career 0.00%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Track record
Periods of worst performance
| Absolute | 0.00% () |
| Relative | 0.00% () |
About the MRI
Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.
Allocation
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Sector breakdown
| Financials | 18.00% |
| Consumer Discretionary | 16.00% |
| Consumer Staples | 14.00% |
| Health Care | 13.00% |
| Technology | 11.00% |
| Industrials | 10.00% |
| Utilities | 7.00% |
| Telecommunications | 5.00% |
| Energy | 2.00% |
| Money Market | 2.00% |
Portfolio
The portfolio typically consists of 60 to 80 stocks, and may include convertibles. Commonality with other Newton global funds is high. Currency hedging can be used, most commonly to hedge back an underweight to the US dollar.