BNY Mellon Brazil Equity Fund
As at 31 July 2010
Investment objective
The Sub-Fund aims to achieve long-term capital growth through investment primarily (meaning at least three-quarters of the Sub-Fund’s total assets) in a portfolio of equity and equity-related securities of companies having their registered office in Brazil or carrying out a preponderant part of their activities in Brazil.
General information
- Total net assets (million)
- $ 341.93
- Lipper sector
- LGC - Equity Brazil
- Index
- MSCI Brazil 10/40
- Fund domicile
- Dublin
- Fund type
- ICVC
- Fund manager
- Rogerio Poppe
- Alternate
- Carlos Eduardo Ramos & Bruno Garcia
- Base currency
- USD
- Currencies available
- EUR, USD, GBP
Key dates
- Fund launch
- 31 Aug 2007
- Close of financial year
- 31 Dec
BNY Mellon Asset Management Company
Formed in January 2008 as the result of the acquisition of ARX Capital Management by BNY Mellon, BNY Mellon ARX specialises in Brazilian multi-strategy, equity long short, equity long only and fixed income investment strategies. BNY Mellon ARX’s philosophy is based on delivering superior risk-adjusted returns with an emphasis on capital preservation. The investment process combines fundamental bottom-up analysis with a detailed macro top-down overview whilst applying rigid risk controls with a preference for liquidity. BNY Mellon ARX has an experienced investment team with a strong, long-term track record of managing Brazilian investments.
Dealing
09:00 to 17:00 each business day
Valuation point: 12:00 Dublin time
Shareclass EUR A
- General
- Share class launch date
- 14 Sep 2007
- Minimum investment
- € 5,000
- Annual management charge
- 2.00%
- Maximum initial charge
- 5.00%
- Codes
- ISIN
- IE00B23S7K36
- Bloomberg
- MELBEAE ID
- Sedol
- B23S7K3
- Valoren
- CH3378996
- WKN
- A0NCB7
- Registered for sale in:
- AT, DE, CH, FR, IRL, IT, JER, NL
Shareclass EUR C
- General
- Share class launch date
- 31 Aug 2007
- Minimum investment
- € 5,000,000
- Annual management charge
- 1.00%
- Maximum initial charge
- 5.00%
- Codes
- ISIN
- IE00B23S7M59
- Bloomberg
- MELBECE ID
- Sedol
- B23S7M59
- Valoren
- CH3378970
- WKN
- A0NCB9
- Registered for sale in:
- IRE, AT, FR, DE, GIB, GUE, JER, IT, NL, NO, ES, CH, UK
Shareclass USD A
- General
- Share class launch date
- 31 Aug 2007
- Minimum investment
- $ 5,000
- Annual management charge
- 2.00%
- Maximum initial charge
- 5.00%
- Codes
- ISIN
- IE00B23S7L43
- Bloomberg
- MELBEAU ID
- Sedol
- B23S7L4
- Registered for sale in:
- CH, DE, FR, IRL, JER, NL, NO, ES, UK, GIB, GUE
Shareclass USD C
- General
- Share class launch date
- 31 Aug 2007
- Minimum investment
- $ 5,000,000
- Annual management charge
- 1.00%
- Maximum initial charge
- 5.00%
- Codes
- ISIN
- IE00B23S7N66
- Bloomberg
- MELBECU ID
- Sedol
- B23S7N6
- Registered for sale in:
- CH, DE, FR, IRL, JER, NL, NO, ES, UK, GIB, GUE
Fund Specific Important Information
BNY Mellon ARX is the brand used to describe our Brazilian asset management capabilities. Investors should be aware that the investment management entities using this brand include, BNY Mellon ARX Investimentos Ltda and BNY Mellon Gestão de Patrimônio Ltda. (formerly named BNY Mellon Asset Management Brasil Ltda). BNYMAMI is the global (ex US) distributor of the capabilities of its asset managers including those of BNY Mellon Gestão de Patrimônio Ltda.
BNY Mellon Asset Management International Limited, BNY Mellon ARX Investimentos Ltda and BNY Mellon Gestão de Patrimônio Ltda. are ultimately owned by The Bank of New York Mellon Corporation.
| 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 C 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 C share class | 9.49 | 0.78 | 8.60 | -1.88 | 28.50 | – | – | – | – | ||
| Fund - USD A share class | 9.40 | 0.53 | 8.05 | -2.46 | 27.20 | – | – | – | – | ||
| MSCI Brazil 10/40 | 14.13 | 0.41 | 11.45 | -0.45 | 32.14 | 25.76 | 226.90 | 7.94 | 26.70 | ||
| Sector average | 11.57 | -2.71 | 5.23 | -5.23 | 25.98 | 8.10 | 193.87 | 1.95 | 23.50 | ||
| Fund - EUR A share class | 3.40 | 2.94 | 16.07 | 8.03 | 38.22 | – | – | – | – | ||
| Fund - EUR C share class | 3.49 | 3.20 | 16.65 | 8.66 | 39.63 | – | – | – | – | ||
| MSCI Brazil 10/40 | 7.31 | 2.48 | 18.91 | 9.63 | 43.80 | 32.14 | 204.79 | 9.74 | 24.94 | ||
| Sector average | 4.90 | -0.71 | 12.27 | 4.37 | 37.09 | 13.59 | 173.99 | 3.65 | 21.78 | ||
| Ranking of fund in sector | 22 | 1 | 11 | 5 | 10 | – | – | – | – | ||
| No. of funds in sector | 27 | 27 | 27 | 26 | 25 | – | – | – | – | ||
| Quartile rank | 4 | 1 | 2 | 1 | 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 C share class currency. |
|||||
| Fund | 27.7% | -34.3% | – | – | – |
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 C share class currency. |
|||||
| Fund | 114.92 | -49.25 | - | - | - |
| Index | 131.33 | -53.40 | - | - | - |
| Quartile Rank | 4 | 1 | - | - | - |
Asset allocation
Asset allocation - industry
Holdings and Risk
| Top 10 holdings | |
|---|---|
| % | |
| Itausa Pn | 8.7 |
| VALE S A ADR REPSTG PFD | 5.6 |
| Ultrapar Participacoes Sa | 5.3 |
| PETROLEO BRASILEIRO SA ADR | 4.3 |
| Banco Bradesco Pn | 3.8 |
| Banco de Estado do Rio Grande | 3.7 |
| Usiminas Pn A (New) | 3.6 |
| Tele Celular Sul Participacoes | 3.4 |
| Natura Cosmeticos SA | 3.2 |
| Petroleo Brasileiro SA | 3.1 |
Portfolio holdings are subject to change at any time without notice, are for information purposes only and should not be construed as investment recommendations.
Historical fund statistics - 3 years
- (Historical fund statistics are not available for funds that have a track record of less than 3 years)