An unconstrained approach to global equity investment
The BNY Mellon Global Intrepid Fund follows an unconstrained, concentrated stock-picking approach within a thematic framework and is managed by Alex Stanic, director of global equities at Newton Investment Management. Newton was a natural choice of manager for this fund as its thematic approach to investment is ideal for today's dynamic global markets.
Fund highlights
Managed by top-tier London asset management firm, Newton
Emphasis on absolute returns
Robust performance. The fund has outperformed its index over one, three and five years*
The portfolio represents the highest conviction ideas of the group with no reference to the benchmark
Highly concentrated fund of 40-60 stocks with a top 10 concentration of 31%
Research and stock selection are driven by the global themes identified by Newton's investment team
The manager looks at risk in an open sense and diversifies away from difficult fiscal regimes, tax climates or stresses in the system for example the US current account deficit
*As at 31 December 2006
In accordance with the terms of the prospectus, the maximum initial sales charge shall apply to any new initial investment effective from 6th May 2008.
Investment objective
To achieve long-term capital growth through investment primarily, (meaning at least two-thirds of the Sub-Fund's assets) in a portfolio of equity and equity-related securities of companies located worldwide, the majority of which shall be listed or traded on Recognised Exchanges located worldwide.
General information
Total net assets (million)
$ 184.14
Lipper sector
UK Offshore - Equity Global
Index
FTSE All World Index
Fund domicile
Dublin
Fund type
ICVC
Fund manager
Robert Hay
Alternate
Paul Markham
Base currency
USD
Currencies available
EUR, USD
Key dates
Fund launch
01 Aug 1997
Close of financial year
31 Dec
BNY Mellon Asset Management Company
Newton Investment Management: Newton pursues a distinctive global thematic investment approach and provides added value from extensive proprietary research.
DE, NL, IT, GUE, UK, FR, CH, NO, BE, JER, ES, GIB, IRL, AT
Shareclass EUR C
General
Share class launch date
22 Dec 2005
Minimum investment
€ 5,000,000
Annual management charge
1.00%
Maximum initial charge
5.00%
Codes
ISIN
IE0004093286
Bloomberg
MEINTEC ID
Sedol
0409328
Valoren
CH1336992
WKN
693871
Shareclass EUR X
General
Share class launch date
30 Mar 2006
Minimum investment
£ None
Annual management charge
0.00%
Maximum initial charge
0.00%
Codes
ISIN
IE0004095224
Bloomberg
MELIN TX
Sedol
0409522
Valoren
CH1337020
WKN
693872
Shareclass USD A
General
Share class launch date
10 Dec 2001
Minimum investment
$ 5,000
Annual management charge
2.00%
Maximum initial charge
5.00%
Codes
ISIN
IE0004086264
Bloomberg
MELINT1 ID
Sedol
0408626
Valoren
CH1336956
WKN
798134
Registered for sale in:
DE, NL, GUE, PT, UK, FR, CH, NO, JER, HK, ES, GIB, IRL
Shareclass USD C
General
Share class launch date
19 Sep 2005
Minimum investment
$ 5,000,000
Annual management charge
1.00%
Maximum initial charge
5.00%
Codes
ISIN
IE0004094037
Sedol
0409403
Valoren
CH1337014
WKN
798136
Fund Specific Important Information
In accordance with the terms of the prospectus, the maximum initial sales charge shall apply to any new initial investment effective from 6th May 2008.
Performance record over 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 Fund - USD A share class currency.
8.88
BNY Mellon Global Intrepid Fund
15.30
FTSE All World Index
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
4.92
-4.76
-0.03
-3.71
8.88
-27.54
8.88
-10.18
1.72
Fund - USD C share class
5.01
-4.53
0.47
-3.16
9.97
-25.34
–
-9.28
–
FTSE All World
8.18
-4.93
2.75
-1.64
11.69
-19.13
15.30
-6.83
2.89
Sector average
7.51
-5.39
0.54
-3.37
8.55
-27.09
4.84
-10.24
0.73
Fund - EUR A share class
-0.83
-2.50
7.34
6.60
18.33
-23.68
1.25
-8.61
0.25
Fund - EUR C share class
-0.76
-2.24
7.88
7.23
19.57
-21.32
–
-7.68
–
FTSE All World
1.71
-2.97
9.63
8.32
21.54
-15.03
7.50
-5.28
1.46
Sector average
1.08
-3.44
7.26
6.42
18.13
-23.39
-2.25
-8.74
-0.67
Ranking of fund in sector
334
119
239
202
182
135
55
135
55
No. of funds in sector
377
377
376
375
368
261
181
261
181
Quartile rank
4
2
3
3
2
3
2
3
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
7.7%
-37.0%
1.6%
28.3%
23.9%
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.
Fund
35.76
-49.98
23.61
22.92
17.61
Index
36.17
-41.76
12.74
22.19
11.71
Quartile Rank
2
4
1
2
1
Asset allocation
Asset allocation - industry
Holdings and Risk
Top 10 holdings
%
Sprint Nextel Corp
3.0
Newcrest Mining Ltd
2.8
Intel Corp
2.5
Bayer AG
2.4
HTC Corporation
2.4
Lilly (Eli) & Co
2.4
Deutsche Telekom AG
2.4
INPEX Holdings Inc
2.3
Altria Group Inc
2.3
PTT PCL
2.2
Portfolio holdings are subject to change at any time without notice, are for information purposes only and should not be construed as investment recommendations.
