fund
BNY Mellon Multi-Asset Diversified Return W
A diversified portfolio with an absolute return approach
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138.57p
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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171.67p
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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0.63%
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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0.71%
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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2.30%
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 objective of the fund is to achieve long-term capital growth in excess of cash returns from a balanced portfolio diversified across a range of assets. The fund may invest in equities, fixed interest securities, collective investment schemes, warrants, derivative instruments, deposits and money market instruments.
Fund summary
| Sector | Targeted Absolute Return |
| Structure | OEIC |
| Launched | September, 2012 |
| Size | £363m |
| Yield | 2.30% |
| Charging basis | Income |
| Dividends paid | 28 Feb, 31 Aug |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 0.63% |
| Ongoing charges figure | 0.71% |
Allocation
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Investment process
Manager research
Average monthly relative returns
- 16/17 -0.49%
- 17/18 0.01%
- 18/19 0.18%
- 19/20 0.08%
- 20/21 0.59%
Bestinvest MRI
- 3 years 0.29%
- 5 years 0.08%
- Career 0.04%
- 3 years 96.30%
- 5 years 83.90%
- Career 85.30%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Paul Flood
Track record
Paul Flood has 8.9 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 September 2012 - May 2018) there was a decline of 9% relative to the index. The worst absolute loss has been 8%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 85%.
Periods of worst performance
| Absolute | -8.00% (December 2019 - March 2020) |
| Relative | -9.00% (September 2012 - May 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
| 3.74% | Pershing Square Holdings Ltd Ord Npv |
| 3.06% | Hipgnosis Songs Limited C Npv |
| 2.84% | Wisdomtree Metal Securities |
| 2.63% | Gcp Infrastructure Investments Ltd |
| 2.3% | Renewables Infrastructure Grp(The) |
| 1.94% | International Public Partnership |
| 1.86% | Jlen Environmental Assets Grp |
| 1.74% | Gresham House Energy Storage Fund Plc Ord 1p |
| 1.55% | Greencoat Renewables Plc |
| 1.42% | Greencoat Uk Wind Plc |
| Source: Trustnet |
Sector breakdown
| Equities | 33.00% |
| Money Market | 14.00% |
| Alternative & Renewable Energy | 9.00% |
| Sub Investment Grade Bonds | 6.00% |
| Infrastructure | 6.00% |
| Commodity & Energy | 5.00% |
| Mutual Funds | 4.00% |
| Fixed Interest | 4.00% |
| Others | 3.00% |
| Energy | 3.00% |