BNY MELLON MULTI-ASSET BALANCED INSTITUTIONAL W NET

Disciplined fund which is true to the house philosophy.

  • 142.49p Price (Inc)
  • 167.60p Price (Acc)
  • 0.00% 0.00%

    Initial charge
  • 0.63% Annual management charge
  • 0.67% Ongoing charges
  • 2.10% Yield

Fund data last updated 14 November 2019

The international remit, while retaining some 50% in the UK, allows the fund to partially exploit Newton's global thematic approach and relative value.

Fund summary

Sector Mixed Investment 40-85% Shares
Structure OEIC
Launched August, 2012
Size £2,125m
Yield 2.10%
Charging basis Capital
Dividends paid 28 Feb 31 Aug

Charges

Initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.63%
Ongoing charges figure 0.67%

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Investment process

In common with most balanced funds, this fund aims to achieve both capital growth and income from a portfolio of UK and international securities. This is a stockpicking fund and plays to the strengths of Newtons approach to global theme investing and relative value. Geographically, the fund has around half its assets in the UK.

Manager research

Average monthly relative returns

Bestinvest MRI

14/15 15/16 16/17 17/18 18/19 3 years 5 years Career 3 years 5 years Career
0.32% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.00% 0.00% 66.30%

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

Iain Stewart

Stewart joined Newton in 1985 and is a senior member of their strategy team with particular responsibility for co-ordinating the development of the global investment themes. He is also a member of the Newton Executive Committee. He specialises in managing multi-asset and global equity mandates for pension fund clients, and currently manages a range of Newton's pooled balanced funds as well as their active real return strategy. Stewart graduated from Aberdeen University and has a PhD from UEA as a result of research with the Ministry of Agriculture, Fisheries and Food, where he worked from 1980-85.

Track record

Iain Stewart has 7.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.04%. During the worst period of relative performance (from July 1997 - October 2001) there was a decline of 7% relative to the index. The worst absolute loss has been 33%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 66%.

Periods of worst performance

Absolute -33.00% (August 2000 - January 2003)
Relative -7.00% (July 1997 - October 2001)

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.

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Top 10 holdings

Data accurate as at 31 August 2019

4.43% Australia(Commonwealth Of) 3.75% Tb 21/04/37 Aud100 (Cdi)
4.26% Royal Dutch Shell
2.97% Diageo
2.93% Etfs Metal Securities Ltd Etfs Physical Gold (Dt Zert)
2.5% Microsoft Corp
2.22% Unilever Nv
2.19% Novartis Ag
2.1% Aia Group Ltd
2.09% Medtronic Inc
2.06% Relx Nv
Source: Trustnet

Sector breakdown

Fixed Interest 16.00%
Financials 16.00%
Technology 10.00%
Health Care 10.00%
Money Market 9.00%
Consumer Goods 9.00%
Industrials 9.00%
Consumer Services 7.00%
Oil & Gas 6.00%
Utilities 3.00%

Portfolio

There are around 150 stocks within the portfolio.

Key Investor Documents

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