BNY Mellon US Opportunities

Targets capital growth from US and Canadian equities.

  • 294.49p
    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.

  • -
    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!

  • 1.50%
    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).

  • 1.68%
    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.

  • 0.00%
    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 03 July 2020, fund data last updated 31 August 2003

The objective of the fund is to achieve capital growth from a portfolio of predominantly US and Canadian securities. The fund is managed by The Boston Company Asset Management LLC.

Fund summary

Sector North America
Structure OEIC
Launched October, 1986
Size £48m
Yield 0.00%
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 1.50%
Ongoing charges figure 1.68%

Allocation

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Investment process

The portfolio is divided into three parts: Market Innovators; Market share gainers; Market Beneficiaries. Career sector analysts pick the stocks, not the named portfolio manager, who simply looks at the risk analysis of the portfolio using the BARRA system. Allocation to each analyst at the amount of money equivalent to the weight of their sector in the benchmark (the Russell 1000). Thereafter the investment process is all about stock picking and individual stock weights within each sector. Target return is +150% over their benchmark stocks' weight. If stocks do not outperform then the analyst is not paid. Maximum is 300% overweight.

Manager research

Average monthly relative returns

  • 15/16 -1.34%
  • 16/17 0.41%
  • 17/18 0.23%
  • 18/19 -1.25%
  • 19/20 0.58%

Bestinvest MRI

  • 3 years -0.15%
  • 5 years -0.28%
  • Career -0.19%
  • 3 years 44.40%
  • 5 years 30.50%
  • Career 37.50%

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

David Daglio

Daglio is the Lead Portfolio Manager on the US Opportunistic Value strategies. Daglio joined The Boston Company in 1998 as an Equity Analyst on the Opportunistic Value Team. Prior to this he served as a Senior Consultant with Deloitte & Touche Consulting Group as well as spending six years at The Dannon Company. Daglio received a BS in Mechanical Engineering and a minor in Macroeconomics from Rensselaer Polytechnic Institute. He earned an MBA from New York University's Stern School of Business. He is also a CFA charter holder.

Track record

David Daglio has 5.4 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.19%. During the worst period of relative performance (from July 2015 - September 2019) there was a decline of 29% relative to the index. The worst absolute loss has been 22%.

Periods of worst performance

Absolute -22.00% (August 2018 - December 2018)
Relative -29.00% (July 2015 - September 2019)

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 January 2020

4.5327% Nextera Energy Inc
4.4856% Dexcom Inc
4.2656% Blackrock Inc
4.2094% Alphabet Inc. Class C
3.9318% Salesforce.com Inc
3.3389% Twitter Inc
3.1858% Paypal Hldgs Inc
3.0967% Broadcom Inc
3.0125% O Reilly Automotive Inc
2.7992% Voya Finl Inc
Source: Trustnet

Sector breakdown

Information Technology 30.00%
Consumer Discretionary 17.00%
Health Care 13.00%
Materials 9.00%
Energy 7.00%
Real Estate 7.00%
Communications 5.00%
Industrials 5.00%
Financials 5.00%
Consumer Staples 1.00%

Key Investor Information

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