fund
BNY Mellon Multi-Asset Growth W
Invests almost entirely in equities with around 50% in the UK.
-
214.68p
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.
-
245.06p
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 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!
-
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).
-
0.68%
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…
This international fund invests almost entirely in equities with typically around 50% UK exposure. Though a stockpicking fund, the process also incorporates investment themes from Newton's strategy group such as globalisation. Though Newton have a strong global team and a high quality process we have higher conviction in other international equity funds.
Fund summary
| Sector | Flexible Investment |
| Structure | OEIC |
| Launched | August, 2012 |
| Size | £1,688m |
| Yield | 0.90% |
| Charging basis | Income |
| Dividends paid | 28 Feb, 30 Sep |
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 | 0.68% |
Allocation
Proportion (%)
-
{{chartDataItem.text}}{{chartDataItem.value}}
Allocation
Proportion (%)
-
{{chartDataItem.text}}{{chartDataItem.value}}
Allocation
Proportion (%)
-
{{chartDataItem.text}}{{chartDataItem.value}}
Investment process
The fund’s objective is to achieve capital and income growth from a portfolio of widely diversified international securities. All stocks in the portfolio are derived from the Research Recommended List, a portfolio selected by Newton's global analysts. Based in London, the analysts are organised by sector with each comparing the stocks in their sector on a global basis. Newton's team of global fund managers then adapt the Research Recommended List into an idealised model portfolio which represents their best ideas. This list is further adapted by the fund manager to reflect the individual fund's objectives. There are no geographic constraints, but around 50% of the fund is typically invested in the UK. The reference benchmark is the WM Private Clients Growth, which consists predominantly of equities but includes some bonds. The process also incorporates long term themes,such as globalisation, identified by Newton's strategy group.
Manager research
Average monthly relative returns
- 16/17 0.00%
- 17/18 0.00%
- 18/19 -0.19%
- 19/20 -0.09%
- 20/21 -0.13%
Bestinvest MRI
- 3 years -0.14%
- 5 years 0.00%
- Career -0.07%
- 3 years 50.00%
- 5 years 0.00%
- Career 63.30%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Simon Nicholls
Nicholls qualified as a Chartered Accountant with KPMG before moving to PriceWaterhouseCoopers and Wilton where he gained experience in corporate insolvency and private equity investing respectively. In April 2001 he joined Newton, working in the management of UK Equities. Whilst at Newton Nicholls has gained the CFA designation.
Track record
Simon Nicholls has 3.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.07%. During the worst period of relative performance (from December 2009 - February 2012) there was a decline of 8% relative to the index. The worst absolute loss has been 7%.
Periods of worst performance
| Absolute | -7.00% (May 2011 - September 2011) |
| Relative | -8.00% (December 2009 - February 2012) |
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
Proportion (%)
-
{{chartDataItem.text}}{{chartDataItem.value}}
Allocation
Proportion (%)
-
{{chartDataItem.text}}{{chartDataItem.value}}
Allocation
Proportion (%)
-
{{chartDataItem.text}}{{chartDataItem.value}}
Top 10 holdings
Data accurate as at 31 July 2020
| 5.74% | Samsung Sdi |
| 3.69% | Microsoft Corp |
| 3.57% | Aia Group Ltd |
| 2.86% | Sap Se |
| 2.81% | Apple Inc |
| 2.73% | Abbott Laboratories |
| 2.66% | Diageo |
| 2.51% | Applied Materials Inc |
| 2.35% | Albemarle Corp |
| 2.31% | Accenture Plc |
| Source: Trustnet |
Sector breakdown
| Technology | 18.00% |
| Industrials | 17.00% |
| Financials | 16.00% |
| Consumer Goods | 12.00% |
| Consumer Services | 10.00% |
| Money Market | 8.00% |
| Health Care | 7.00% |
| Basic Materials | 5.00% |
| Fixed Interest | 3.00% |
| Oil & Gas | 3.00% |
Portfolio
The fund holds 140-160 stocks. Any cash is residual and will typically be less than 5% of the portfolio.
Constraints
This fund has no country, region, sector or industry restrictions.