Morningstar Fund Report  | 11/04/2025Print

BNY Mellon Real Return Fund - Newton Institutional Shares 4 Income

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
BNY Mellon Real Return Fund - Newton Institutional Shares 4 Income
Fund----0.5
+/-Cat----0.5
+/-B’mrk----0.6
 
Category: GBP Flexible Allocation
Category Benchmark: Morningstar UK Mod Tgt Allo...
Key Stats
NAV
10/04/2025		 GBP 0.98
Day Change 2.36%
Morningstar Category™ GBP Flexible Allocation
IA (formerly IMA) Sector Targeted Absolute Return
ISIN GB00BF2CVP06
Fund Size (Mil)
31/03/2025		 GBP 2336.71
Share Class Size (Mil)
09/04/2025		 GBP 0.00
Max Initial Charge -
Ongoing Charge
10/02/2025		  0.60%
Investment Objective: BNY Mellon Real Return Fund - Newton Institutional Shares 4 Income
The Sub-Fund seeks to deliver positive returns on a rolling 3 year basis after fees. The Sub-Fund aims to deliver positive returns before fees within a range of cash (SONIA (30-day compounded)) on a rolling 3 year basis and cash (SONIA (30-day compounded)) + 4% per annum on a rolling 5 year basis. However, positive returns are not guaranteed and a capital loss may occur. The Sub-Fund is actively managed as a multi-asset fund that invests in a portfolio of UK and international securities across a broad diversified range of asset classes.
Returns
Trailing Returns (GBP)10/04/2025
YTD-2.00
3 Years Annualised-
5 Years Annualised-
10 Years Annualised-
12 Month Yield -
Dividend Paying Frequency Half-yearly
Management
Manager Name
Start Date
Andrew Warwick
31/12/2018
Aron Pataki
01/02/2019
Inception Date
20/09/2024

Category Benchmark
Fund BenchmarkMorningstar Benchmark
SONIA +4% GBPMorningstar UK Mod Tgt Alloc NR GBP
Portfolio Profile for  BNY Mellon Real Return Fund - Newton Institutional Shares 4 Income31/03/2025
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock38.570.4838.09
Bond34.090.0034.09
Property0.000.000.00
Cash16.240.0616.19
Other7.981.566.41
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
United States51.50
United Kingdom24.05
Europe - ex Euro7.60
Eurozone7.36
Japan3.32
Top 5 Sectors%
Financial Services21.82
Industrials18.34
Healthcare13.40
Communication Services12.99
Technology8.69
Top 5 HoldingsSector%
ILF GBP Liquidity 57.43
United Kingdom of Great Britain ... 5.81
United States Treasury Notes 1.25%5.22
United Kingdom of Great Britain ... 4.50
United Kingdom of Great Britain ... 3.37
Increase Decrease New since last portfolio
BNY Mellon Real Return Fund - Newton Institutional Shares 4 Income
Growth Of 1000 (GBP) 31/03/2025
Fund:  BNY Mellon Real Return Fund - Newton Institutional Shares 4 Income
Category:  GBP Flexible Allocation
Category Index:  Morningstar UK Mod Tgt Alloc NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 31/03
Price Return0.48
+/- Category0.52
+/- Category Index0.59
% Rank in Category38
Trailing Returns (GBP)10/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day2.36   3.251.07
1 Week-2.21   2.821.18
1 Month-3.08   2.370.89
3 Months-2.68   2.331.12
6 Months-1.57   3.390.63
YTD-2.00   2.681.10
1 Year-   --
3 Years Annualised-   --
5 Years Annualised-   --
10 Years Annualised-   --
 
Category: GBP Flexible Allocation
Category Index: Morningstar UK Mod Tgt Alloc NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20250.48---
2024---0.51
 
 
 
Morningstar Rating™(Relative to Category)-
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-Year--Not Rated
5-Year--Not Rated
10-Year--Not Rated
Overall--Not Rated
 
Category :  GBP Flexible AllocationClick here to see our Methodology
Volatility Measurements-
 
3-Yr Std Dev -
3-Yr Mean Return -
 
3-Yr Sharpe Ratio -
 
Modern Portfolio Statistics--
 Standard IndexBest Fit Index
 Morningstar UK Mod Tgt Alloc NR GBP  
3-Yr Beta--
3-Yr Alpha--
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 101214-
Market Capitalisation% of Equity
Giant46.02
Large35.11
Medium17.02
Small1.84
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings18.901.21
Price/Book2.821.24
Price/Sales3.201.87
Price/Cash Flow14.451.45
Dividend-Yield Factor2.000.88
 
Long-Term Projected Earnings Growth9.470.92
Historical Earnings Growth10.61-9.96
Sales Growth7.651.72
Cash-Flow Growth14.923.39
Book-Value Growth6.371.17
 
Category: GBP Flexible Allocation
Fixed Income Style-
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 2340
Maturity Distribution %
1 to 31.23
3 to 520.27
5 to 71.56
7 to 1013.84
10 to 158.83
15 to 203.66
20 to 300.15
Over 300.04
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA -   BB-
AA-   B-
A-   Below B-
BBB-   Not Rated-
 
Category: GBP Flexible Allocation
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock38.570.4838.09
Bond34.090.0034.09
Property0.000.000.00
Cash16.240.0616.19
Other7.981.566.41
World Regions31/03/2025
 % of EquityRelative to Category
United States51.501.14
Canada0.150.04
Latin America1.142.18
United Kingdom24.051.14
Eurozone7.360.62
Europe - ex Euro7.601.51
Europe - Emerging0.000.03
Africa0.000.00
Middle East0.000.02
Japan3.320.94
Australasia0.010.01
Asia - Developed2.941.42
Asia - Emerging1.940.36
 
Category: GBP Flexible Allocation
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials3.890.48
Consumer CyclicalConsumer Cyclical6.540.77
Financial ServicesFinancial Services21.821.27
Real EstateReal Estate1.940.65
Consumer DefensiveConsumer Defensive8.610.62
HealthcareHealthcare13.401.64
UtilitiesUtilities2.660.72
Communication ServicesCommunication Services12.991.80
EnergyEnergy1.120.29
IndustrialsIndustrials18.341.64
TechnologyTechnology8.690.57
 
Category: GBP Flexible Allocation
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings56
Total Number of Bond Holdings29
Assets in Top 10 Holdings37.14
NameSectorCountry% of Assets
ILF GBP Liquidity 5Ireland7.43
United Kingdom of Great Britain and N... United Kingdom5.81
United States Treasury Notes 1.25%United States5.22
United Kingdom of Great Britain and N... United Kingdom4.50
United Kingdom of Great Britain and N... United Kingdom3.37
United Kingdom of Great Britain and N... United Kingdom2.91
Secretaria Tesouro Nacional 0%Brazil2.05
Barclays Bank plcUnited Kingdom1.97
Barclays Bank plcUnited Kingdom1.97
United Kingdom of Great Britain and N... United Kingdom1.90
 
Increase Decrease New since last portfolio
Category: GBP Flexible Allocation
 
Management
Name of CompanyBNY Mellon Fund Managers Limited
Phone-
Websitewww.bnymellonim.co.uk
AddressBNY Mellon Fund Managers Limited
 London   -
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date20/09/2024
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 Date01/02/2019
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 Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.55%
Ongoing Charge0.60%
Purchase Details
Minimum Investments
Initial200000000  GBP
Additional-
Savings-
Tax Free Savings Schemes
ISAsNo