Morningstar Fund Report  | 14/04/2025Print

BNY Mellon Global Real Return Fund (EUR) W Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
BNY Mellon Global Real Return Fund (EUR) W Acc
Fund0.8-5.9-1.32.41.7
+/-Cat-2.11.3-7.0-1.51.6
+/-B’mrk-3.81.4-9.7-3.61.7
 
Category: EUR Flexible Allocation - Global
Category Benchmark: Morningstar EU Mod Gbl Tgt ...
Key Stats
NAV
11/04/2025		 EUR 1.40
Day Change 0.04%
Morningstar Category™ EUR Flexible Allocation - Global
ISIN IE00B70B9H10
Fund Size (Mil)
31/03/2025		 EUR 849.64
Share Class Size (Mil)
11/04/2025		 EUR 227.44
Max Initial Charge 5.00%
Ongoing Charge
10/02/2025		  0.87%
Morningstar Research
Analyst Report01/08/2024
Francesco Paganelli, Principal
Morningstar, Inc

BNY Mellon Real Return is a sound choice for investors seeking a competitive dynamic allocation strategy with a capital preservation focus. Both its team and process earn an Above Average rating, resulting in a Morningstar Analyst Rating of...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent23
Process24
Performance
Price
Investment Objective: BNY Mellon Global Real Return Fund (EUR) W Acc
The objective of the Sub-Fund is to achieve a total return in excess of a cash benchmark (as described below) over an investment horizon of 3-5 years.
Returns
Trailing Returns (GBP)11/04/2025
YTD0.98
3 Years Annualised0.56
5 Years Annualised2.69
10 Years Annualised3.36
12 Month Yield 0.00
Management
Manager Name
Start Date
Andrew Warwick
31/12/2018
Aron Pataki
14/12/2015
Inception Date
30/03/2012

Category Benchmark
Fund BenchmarkMorningstar Benchmark
1 Month EURIBOR + 4%Morningstar EU Mod Gbl Tgt Alloc NR EUR
Portfolio Profile for  BNY Mellon Global Real Return Fund (EUR) W Acc28/02/2025
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock59.5814.5944.98
Bond22.150.0022.15
Property0.150.000.15
Cash72.5960.5912.00
Other13.340.5212.82
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
United States58.11
United Kingdom18.30
Eurozone10.40
Europe - ex Euro5.99
Asia - Developed2.90
Top 5 Sectors%
Financial Services20.21
Technology17.26
Industrials17.08
Healthcare11.33
Communication Services10.78
Top 5 HoldingsSector%
Future on S&P 5009.82
United States Treasury Notes 1.25%5.37
Blackrock Asset Mgmt (Ie) Ltd Eu... 4.44
Spain (Kingdom of) 0%3.56
United Kingdom of Great Britain ... 3.33
Increase Decrease New since last portfolio
BNY Mellon Global Real Return Fund (EUR) W Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  BNY Mellon Global Real Return Fund (EUR) W Acc
Category:  EUR Flexible Allocation - Global
Category Index:  Morningstar EU Mod Gbl Tgt Alloc NR EUR
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return0.115.2313.220.82-5.90-1.282.441.69
+/- Category7.66-0.815.25-2.061.28-7.02-1.521.65
+/- Category Index--3.11-3.781.41-9.68-3.631.69
% Rank in Category2123136242935925
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.04   -1.06-0.62
1 Week0.39   1.43-1.35
1 Month-0.87   1.900.10
3 Months-0.82   2.581.07
6 Months0.25   2.010.93
YTD0.98   2.701.82
1 Year1.00   0.91-1.57
3 Years Annualised0.56   -1.30-3.29
5 Years Annualised2.69   -1.48-2.38
10 Years Annualised3.36   -0.06-1.93
 
Category: EUR Flexible Allocation - Global
Category Index: Morningstar EU Mod Gbl Tgt Alloc NR EUR
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20251.69---
20243.03-0.26-0.06-0.26
2023-2.41-3.880.714.50
2022-4.52-0.90-3.503.06
2021-2.923.19-0.671.33
2020-5.0510.393.294.57
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageBelow Average2 star
5-YearBelow AverageBelow Average3 star
10-YearAverageBelow Average3 star
Overall*AverageBelow Average3 star
 
Category :  EUR Flexible Allocation - GlobalClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev6.18 %
3-Yr Mean Return0.64 %
 
3-Yr Sharpe Ratio-0.55
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar EU Mod Gbl Tgt Alloc NR EUR  MSCI Australia NR USD
3-Yr Beta0.480.25
3-Yr Alpha-2.32-1.56
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 165129-
Market Capitalisation% of Equity
Giant47.99
Large34.45
Medium15.83
Small1.57
Micro0.17
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings19.861.10
Price/Book3.091.02
Price/Sales3.161.51
Price/Cash Flow14.401.19
Dividend-Yield Factor1.910.94
 
Long-Term Projected Earnings Growth10.460.97
Historical Earnings Growth10.981.38
Sales Growth6.401.16
Cash-Flow Growth13.072.09
Book-Value Growth5.720.77
 
Category: EUR Flexible Allocation - Global
Fixed Income Style-
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)USD 922
Maturity Distribution %
1 to 37.49
3 to 524.85
5 to 70.56
7 to 1010.75
10 to 1512.46
15 to 205.50
20 to 307.57
Over 300.00
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA -   BB-
AA-   B-
A-   Below B-
BBB-   Not Rated-
 
Category: EUR Flexible Allocation - Global
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock59.5814.5944.98
Bond22.150.0022.15
Property0.150.000.15
Cash72.5960.5912.00
Other13.340.5212.82
World Regions28/02/2025
 % of EquityRelative to Category
United States58.111.02
Canada0.000.00
Latin America0.630.85
United Kingdom18.303.98
Eurozone10.400.56
Europe - ex Euro5.990.95
Europe - Emerging0.020.22
Africa0.000.00
Middle East0.020.07
Japan1.950.58
Australasia0.000.00
Asia - Developed2.901.19
Asia - Emerging1.680.46
 
Category: EUR Flexible Allocation - Global
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials3.040.70
Consumer CyclicalConsumer Cyclical7.290.65
Financial ServicesFinancial Services20.211.21
Real EstateReal Estate1.780.85
Consumer DefensiveConsumer Defensive6.711.14
HealthcareHealthcare11.330.96
UtilitiesUtilities2.501.27
Communication ServicesCommunication Services10.781.23
EnergyEnergy2.020.85
IndustrialsIndustrials17.081.48
TechnologyTechnology17.260.74
 
Category: EUR Flexible Allocation - Global
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings68
Total Number of Bond Holdings27
Assets in Top 10 Holdings38.85
NameSectorCountry% of Assets
Future on S&P 500United States9.82
United States Treasury Notes 1.25%United States5.37
Blackrock Asset Mgmt (Ie) Ltd Eur Cas... -4.44
Spain (Kingdom of) 0%Spain3.56
United Kingdom of Great Britain and N... United Kingdom3.33
Greece (Republic Of) 0%Greece2.55
Barclays Bank plcUnited Kingdom2.53
Barclays Bank plcUnited Kingdom2.52
iShares Physical Gold ETCIreland2.45
Greece (Republic Of) 0%Greece2.27
 
Increase Decrease New since last portfolio
Category: EUR Flexible Allocation - Global
 
Management
Name of CompanyBNY Mellon Fund Management (Lux) S.A.
Phone-
Websitehttp://www.bnymellonam.com
Address2-4, rue Eugène Ruppert L-2453 Luxembourg
 Luxembourg   2453
 Luxembourg
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date30/03/2012
Fund Advisor(s)
Newton Investment Management Ltd
Fund ManagerAndrew Warwick
Manager Start Date31/12/2018
Career Start Year1993
Education
University of Leicester, MSc
 
Biography
Andy is a global portfolio manager of the Real Return strategy. Together with Aron Pataki and Suzanne Hutchins, Andy is responsible for the final capital allocation decisions on the strategy. Andy started his career at Mercury Asset Management in 1993 as a unit trust dealer before joining the quant and derivatives team to focus on managing synthetic portfolios for clients and trading equity derivatives for the firm. In 2006, Andy joined the multi-asset team at BlackRock where he was responsible for managing absolute and relative return mandates, as well as the head of research specialising in equity thematic views and risk premia strategies. Andy has an MSc in Finance from Leicester University and is a CFA charterholder. Andy plays in a rock band in his spare time and enjoys playing, writing and recording music.
Fund ManagerAron Pataki
Manager Start Date14/12/2015
Career Start Year2002
 
Biography
Aron is a global portfolio manager and risk strategist for the Real Return portfolios, with a particular focus on the use of derivatives and hedging. Together with Suzanne Hutchins and Andy Warwick, Aron is responsible for the final capital allocation decisions on the strategy. Aron joined Newton in 2006 as a member of the portfolio analytics team, where he was responsible for risk analysis and portfolio construction across Newton’s institutional and retail portfolios. Previously, he worked as a quantitative analyst at Lacima Group.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.87%
Purchase Details
Minimum Investments
Initial15000000  EUR
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes