BNY Mellon Global Opportunities Institutional W

Invests in a concentrated portfolio (40-60 stocks) of global companies.

  • 267.49p
    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.

  • 292.76p
    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?

  • 0.00%

    Initial charge

    Some 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!

  • 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).

  • 0.81%
    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.

  • 0.90%
    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…

Prices as at 07 May 2021

Fund summary

Sector Global
Structure OEIC
Launched September, 2012
Size £139m
Yield 0.90%
Charging basis Income
Dividends paid 31 Oct

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.81%

Allocation

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Investment process

The objective of the fund is to achieve long-term capital growth from a concentrated portfolio predominantly invested in the securities of companies located worldwide. The fund does not have a bias towards any economic sector or company size. The fund may also invest in collective investment schemes

Manager research

Average monthly relative returns

  • 16/17 -0.63%
  • 17/18 -0.28%
  • 18/19 0.24%
  • 19/20 0.06%
  • 20/21 -0.22%

Bestinvest MRI

  • 3 years 0.02%
  • 5 years -0.17%
  • Career 0.10%
  • 3 years 73.60%
  • 5 years 20.60%
  • Career 97.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Robert Hay

Hay joined Newton in 2000 after obtaining an MA in French and Business Studies from Edinburgh University, and a Masters in European Business from EAP European School of Management in Paris. A global equities investment manager, since 2003 he has been part of the team responsible for managing pooled funds for Newton’s private clients and private unit trusts for wealthy families. In this role he has managed various equity and multi-asset strategies, including EAFE (World ex US) and concentrated global portfolios, with a particular emphasis on a committed investment approach. Hay is a member of the Global Model Group and the EAFE Group. He is also a CFA Charterholder.

Track record

Robert Hay has 17.1 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.1%. During the worst period of relative performance (from February 2009 - February 2018) there was a decline of 16% relative to the index. The worst absolute loss has been 30%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 97%.

Periods of worst performance

Absolute -30.00% (May 2008 - October 2008)
Relative -16.00% (February 2009 - February 2018)

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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Top 10 holdings

Data accurate as at 31 July 2020

5.87% Microsoft Corp
4.92% Apple Inc
4.68% Alphabet Inc
3.14% Sap Se
3.11% Mastercard Inc
3.01% Unilever
3.01% Cisco Systems Inc
2.89% Medtronic Inc
2.88% Accenture Plc
2.86% Diageo
Source: Trustnet

Sector breakdown

Information Technology 27.00%
Financials 14.00%
Health Care 12.00%
Consumer Staples 12.00%
Industrials 11.00%
Communications 9.00%
Consumer Discretionary 6.00%
Fixed Interest 3.00%
Utilities 2.00%
Energy 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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