BNY Mellon Euro Corporate Bond Fund
As at 31 July 2010
Investment objective
The investment objective of the Sub-Fund is to achieve a total return by investing primarily (meaning at least three-quarters of the Sub-Fund's total assets*) in Euro-denominated corporate fixed income securities of investment grade quality.
*Total assets means the Net Asset Value of the Sub-Fund plus its liabilities (but after deduction of cash and ancillary liquidities).
General information
- Total net assets (million)
- € 59.32
- Lipper sector
- LGC 2005 Bond EUR Corporates
- Index
- Markit iBoxx Euro Corporates
- Fund domicile
- Dublin
- Fund type
- ICVC
- Fund manager
- Team approach
- Base currency
- EUR
- Currencies available
- EUR, USD, GBP
Key dates
- Fund launch
- 22 Jul 2009
- Close of financial year
- 31 Dec
BNY Mellon Asset Management Company
WestLB Mellon Asset Management: WestLB Mellon Asset Management (WMAM) is a 50:50 joint venture between WestLB and The Bank of New York Mellon Corporation. The firm has a distinct investment philosophy and process that combines fundamental with quantitative analysis; an adaptable approach that has yielded consistent results for investors. WMAM is a specialist in all aspects of European Fixed Income, European Equities and Balanced mandates.
Dealing
09:00 to 17:00 each business day
Valuation point: 12:00 Dublin time
The performance history of the WestLB Mellon Compass Fund Euro Corporate Bond Fund up to 22 July 2009 has been attached to the BNY Mellon Euro Corporate Bond Fund. The funds employ the same investment strategy and share the same team of investment professionals. Future performance of the funds may vary.
Shareclass EUR A
- General
- Share class launch date
- 22 Jul 2009
- Minimum investment
- € 5,000
- Annual management charge
- 1.10%
- Maximum initial charge
- 5.00%
- Codes
- ISIN
- IE00B4Z6N897
- Bloomberg
- BNYECBA ID
- Sedol
- B4Z6N89
- Registered for sale in:
- AT, GIB, IRL, UK, IT, PT, CH, DE, ES, NL, FR
Shareclass EUR C
- General
- Share class launch date
- 22 Jul 2009
- Minimum investment
- € 5,000,000
- Annual management charge
- 0.45%
- Maximum initial charge
- 5.00%
- Codes
- ISIN
- IE00B4Z6FN82
- Bloomberg
- BNYECBC ID
- Sedol
- B4Z6FN8
- Registered for sale in:
- AT, GIB, IRL, UK, IT, PT, CH, DE, ES, NL, FR
Fund Specific Important Information
With effect from 4 January 2010, the annual management charge for the institutional share classes was reduced from 0.55% to 0.45%.
| 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 - EUR 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 - EUR A share class | 1.29 | 0.44 | 2.10 | 3.31 | 7.64 | 14.20 | 12.18 | 4.53 | 2.32 | ||
| Fund - EUR C share class | 1.34 | 0.60 | 2.42 | 3.69 | 8.30 | 15.81 | 14.64 | 5.01 | 2.77 | ||
| Markit iBoxx Euro Corporates | 1.20 | 0.92 | 3.23 | 4.89 | 9.32 | 16.90 | 17.03 | 5.34 | 3.19 | ||
| Sector average | 1.17 | 0.46 | 2.31 | 3.58 | 7.62 | 10.13 | 9.82 | 3.12 | 1.79 | ||
| Ranking of fund in sector | 22 | 30 | 46 | 44 | 33 | 22 | 28 | 22 | 28 | ||
| No. of funds in sector | 50 | 50 | 50 | 50 | 50 | 48 | 46 | 48 | 46 | ||
| Quartile rank | 2 | 3 | 4 | 4 | 3 | 2 | 3 | 2 | 3 | ||
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 - EUR A share class currency. |
|||||
| Fund | 9.7% | 4.7% | -1.7% | 1.1% | -3.2% |
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 - EUR A share class currency. |
|||||
| Fund | 16.04 | -4.48 | -1.24 | -0.61 | 2.51 |
| Index | 15.91 | -3.89 | -0.27 | 0.39 | 4.00 |
| Quartile Rank | 2 | 2 | 3 | 3 | 4 |
Holdings and Risk
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
- Jensen alpha
- -0.04
- Beta
- 0.88
- Correlation to benchmark
- 0.99
- Annualised information ratio
- -0.47
- Annualised Sharpe ratio
- 0.32
- Annualised tracking error
- 1.64
- R²
- 0.92