BNY Mellon US Equity Fund
As at 31 July 2010
Investment objective
The Sub-Fund aims to achieve long-term capital growth through investment primarily (meaning two-thirds of the Sub-Fund's assets) in a portfolio of equity and up to one-third of the Sub-Fund's assets in a portfolio of equity-related securities of companies located in, or exercising a preponderant part of their economic activities in the U.S.
General information
- Total net assets (million)
- $ 18.90
- Lipper sector
- UK Offshore - North America
- Index
- MSCI USA NR
- Fund domicile
- Dublin
- Fund type
- ICVC
- Fund manager
- Dedicated Team
- Base currency
- USD
- Currencies available
- EUR, USD, GBP
Key dates
- Fund launch
- 03 Oct 2005
- Close of financial year
- 31 Dec
BNY Mellon Asset Management Company
Walter Scott & Partners Limited: A classical, fundamental and long-term global equity investment management firm based in Edinburgh, Scotland.
Dealing
09:00 to 17:00 each business day
Valuation point: 12:00 Dublin time
Important Notice
Please note an expense cap is in operation that reduces the annual management charge of the USD A share class and the USD C share class. The annual management charge stated in the Prospectus for the USD A share class is 2.00% and the USD C share class is 1.00%.
Shareclass EUR A
- General
- Share class launch date
- 02 Jan 2002
- Minimum investment
- € 5,000
- Annual management charge
- 1.50%
- Maximum initial charge
- 5.00%
- Codes
- ISIN
- IE0004135897
- Bloomberg
- MELNAAE ID
- Sedol
- 0413589
- Valoren
- CH1337720
- WKN
- 693895
- Registered for sale in:
- DE, NL, IT, GUE, UK, FR, CH, NO, CL, JER, ES, TW, GIB, AT
Shareclass EUR C
- General
- Share class launch date
- 07 Dec 2001
- Minimum investment
- € 5,000,000
- Annual management charge
- 0.75%
- Maximum initial charge
- 5.00%
- Codes
- ISIN
- IE0004140327
- Bloomberg
- MELUSEC ID
- Sedol
- 0414032
- Valoren
- CH1337770
- WKN
- 693897
Shareclass USD A
- General
- Share class launch date
- 10 Dec 2001
- Minimum investment
- $ 5,000
- Annual management charge
- 1.50%
- Maximum initial charge
- 5.00%
- Codes
- ISIN
- IE0004139097
- Bloomberg
- MELNAA1 ID
- Sedol
- 0413909
- Valoren
- CH1337732
- WKN
- 798149
- Registered for sale in:
- DE, NL, IT, GUE, PT, UK, FR, CH, NO, JER, ES, GIB, IRL, HK
Shareclass USD C
- General
- Share class launch date
- 19 Dec 2001
- Minimum investment
- $ 5,000,000
- Annual management charge
- 0.75%
- Maximum initial charge
- 5.00%
- Codes
- ISIN
- IE0004140541
- Bloomberg
- MELNAC1 ID
- Sedol
- 0414054
- Valoren
- CH1337778
- WKN
- 798152
- Registered for sale in:
- DE, IRL, NL, IT, GUE, UK, FR, CH, NO, JER, ES, GIB, HK
Fund Specific Important Information
On 31 July 2009 there was a change of investment manager to Walter Scott & Partners Limited. Walter Scott & Partners Limited's research driven stock picking approach is fundamentally different to the quantitative investment management techniques employed by the previous investment manager. Performance data is only shown from the appointment of Walter Scott & Partners Limited as investment manager. Performance data prior to 31 July 2009 is available on request. This document should not be used with retail investors under any circumstances.
| Performance record since launch | ||||||||
|---|---|---|---|---|---|---|---|---|
|
Source: Lipper as at 31 July 2010. Total Return, including annual charges but excluding initial charges, income reinvested gross of tax. Performance history is given in Fund - USD A share class currency. |
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| Performanceto | Annualised | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 month | 3 months | 6 months | YTD | 1 year | 3 years | 5 years | 3 years | 5 years | |||
|
Source: Lipper as at 31 July 2010. Total Return, including annual charges but excluding initial charges, income reinvested gross of tax. Performance history is given in share class currency. |
|||||||||||
| Fund - USD A share class | 4.36 | -8.73 | -1.36 | -4.00 | 12.69 | – | – | – | – | ||
| Fund - USD C share class | 4.42 | -8.56 | -0.99 | -3.59 | 13.53 | – | – | – | – | ||
| MSCI USA NR | 6.95 | -7.01 | 3.09 | -0.56 | 13.04 | -20.23 | -3.28 | -7.26 | -0.66 | ||
| Sector average | 6.28 | -8.12 | 1.78 | -2.07 | 11.19 | -22.33 | -7.44 | -8.21 | -1.70 | ||
| Fund - EUR A share class | -1.38 | -6.54 | 5.97 | 6.33 | 22.59 | – | – | – | – | ||
| Fund - EUR C share class | -1.30 | -6.35 | 6.36 | 6.78 | 23.44 | – | – | – | – | ||
| MSCI USA NR | 0.56 | -5.09 | 9.98 | 9.51 | 23.01 | -16.18 | -9.82 | -5.72 | -2.04 | ||
| Sector average | -0.07 | -6.23 | 8.59 | 7.85 | 20.99 | -18.39 | -13.70 | -6.68 | -3.07 | ||
| Ranking of fund in sector | 191 | 132 | 196 | 167 | 61 | – | – | – | – | ||
| No. of funds in sector | 214 | 214 | 214 | 214 | 214 | – | – | – | – | ||
| Quartile rank | 4 | 3 | 4 | 4 | 2 | – | – | – | – | ||
Statutory performance data updated quarterly
| From | 30 Jun 09 | 30 Jun 08 | 29 Jun 07 | 30 Jun 06 | 30 Jun 05 |
|---|---|---|---|---|---|
| To | 30 Jun 10 | 30 Jun 09 | 30 Jun 08 | 29 Jun 07 | 30 Jun 06 |
|
Source: Lipper as at 31 July 2010. Total Return, including annual charges but excluding initial charges, income reinvested gross of tax. Performance history is given in Fund - USD A share class currency. |
|||||
| Fund | – | – | – | – | – |
Calendar Performance
| 2009 | 2008 | 2007 | 2006 | 2005 | |
|---|---|---|---|---|---|
|
Source: Lipper as at 31 July 2010. Total Return, including annual charges but excluding initial charges, income reinvested gross of tax. Performance history is given in Fund - USD A share class currency. |
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| Fund | - | - | - | - | - |
| Index | - | - | - | - | - |
| Quartile Rank | - | - | - | - | - |
Asset allocation
Asset allocation - industry
Holdings and Risk
| Top 10 holdings | |
|---|---|
| % | |
| DONALDSON INC | 2.6 |
| AMPHENOL CORP-CL A | 2.6 |
| PRECISION CASTPARTS CORP | 2.5 |
| NIKE INC CL B COM | 2.5 |
| ECOLAB INC COM | 2.5 |
| C H ROBINSON WORLDWIDE INC | 2.5 |
| ORACLE CORPORATION COM | 2.5 |
| BOEING CO COM | 2.5 |
| AUTOMATIC DATA PROCESSING INC | 2.4 |
| APACHE CORP COM | 2.3 |
Portfolio holdings are subject to change at any time without notice, are for information purposes only and should not be construed as investment recommendations.
| Active money | Fund | Index | Relative |
|---|---|---|---|
| Top overweight | % | % | % |
| Health Care | 19.9 | 11.6 | 8.3 |
| Information Technology | 27.4 | 19.1 | 8.3 |
| Industrials | 13.8 | 10.7 | 3.1 |
| Consumer Discretionary | 12.3 | 10.3 | 2.0 |
| Materials | 4.3 | 3.6 | 0.7 |
| Fund | Index | Relative | |
|---|---|---|---|
| Top underweight | % | % | % |
| Financials | 0.0 | 15.6 | -15.6 |
| Utilities | 0.0 | 3.6 | -3.6 |
| Telecommunication Services | 0.0 | 3.2 | -3.2 |
| Energy | 9.7 | 11.1 | -1.4 |
| Consumer Staples | 9.9 | 11.2 | -1.3 |