Morningstar Fund Report  | 01/04/2025Print

BNY Mellon Asian Income Fund Sterling Income

Performance History28/02/2025
Growth of 1,000 (GBP) Advanced Graph
BNY Mellon Asian Income Fund Sterling Income
Fund5.5-1.34.86.5-0.8
+/-Cat1.01.72.8-3.7-1.2
+/-B’mrk-2.1-3.9-6.1-7.2-0.6
 
Category: Asia-Pacific ex-Japan Equity Income
Category Benchmark: MSCI AC Asia Pacific ex Jap...
Key Stats
NAV
31/03/2025		 GBP 2.09
Day Change -1.60%
Morningstar Category™ Asia-Pacific ex-Japan Equity Income
IA (formerly IMA) Sector Asia Pacific Excluding Japan
ISIN GB00B0MY6Z69
Fund Size (Mil)
28/02/2025		 GBP 710.01
Share Class Size (Mil)
31/03/2025		 GBP 17.68
Max Initial Charge -
Ongoing Charge
10/02/2025		  1.66%
Investment Objective: BNY Mellon Asian Income Fund Sterling Income
The Sub-Fund aims to achieve income together with capital growth over the long term (5 years or more). The Sub-Fund is actively managed and invests at least 75% of the portfolio in equities (company shares) of issuers domiciled, incorporated or with significant business in the Asia Pacific region (including Australia and New Zealand but excluding Japan), including ordinary shares, preference shares and other equity-related securities.
Returns
Trailing Returns (GBP)31/03/2025
YTD-2.73
3 Years Annualised1.55
5 Years Annualised8.45
10 Years Annualised5.20
12 Month Yield 3.71
Dividend Paying Frequency Quarterly
Management
Manager Name
Start Date
Zoe Kan
28/05/2015
Alex Khosla
23/09/2022
Inception Date
30/11/2005

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE AW AP Ex JPN TR GBPMSCI AC Asia Pacific ex Japan HDY NR USD
Portfolio Profile for  BNY Mellon Asian Income Fund Sterling Income28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.690.0098.69
Bond0.200.000.20
Property0.000.000.00
Cash0.620.000.62
Other0.820.320.49
Top 5 Regions%
Asia - Developed58.12
Asia - Emerging25.30
Australasia15.05
United Kingdom1.47
Canada0.03
Top 5 Sectors%
Financial Services32.42
Technology29.35
Industrials8.77
Real Estate6.90
Communication Services6.12
Top 5 HoldingsSector%
Taiwan Semiconductor Manufacturi... TechnologyTechnology9.27
DBS Group Holdings LtdFinancial ServicesFinancial Services6.10
Singapore Technologies Engineeri... IndustrialsIndustrials5.04
Samsung Electronics Co Ltd Parti... TechnologyTechnology4.91
ITC LtdConsumer DefensiveConsumer Defensive4.37
Increase Decrease New since last portfolio
BNY Mellon Asian Income Fund Sterling Income
Growth Of 1000 (GBP) 28/02/2025
Fund:  BNY Mellon Asian Income Fund Sterling Income
Category:  Asia-Pacific ex-Japan Equity Income
Category Index:  MSCI AC Asia Pacific ex Japan HDY NR USD
Growth of 1,000 GBP
Annual Returns (GBP)28/02/2025
 201820192020202120222023202428/02
Price Return-0.6313.404.465.49-1.304.836.45-0.81
+/- Category5.851.34-3.371.011.702.83-3.71-1.15
+/- Category Index3.243.236.24-2.13-3.86-6.13-7.19-0.61
% Rank in Category1138694640258181
Trailing Returns (GBP)31/03/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.60   -1.00-0.23
1 Week-1.10   -0.910.75
1 Month-1.93   -1.410.19
3 Months-2.73   -1.51-0.41
6 Months-3.47   -1.72-3.24
YTD-2.73   -2.01-0.41
1 Year1.72   -4.09-5.70
3 Years Annualised1.55   -1.39-4.57
5 Years Annualised8.45   -0.42-1.45
10 Years Annualised5.20   -0.46-0.69
 
Category: Asia-Pacific ex-Japan Equity Income
Category Index: MSCI AC Asia Pacific ex Japan HDY NR USD
Quarterly Returns (GBP)28/02/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20241.801.653.66-0.76
20230.21-0.201.003.78
20222.31-5.67-0.182.45
20212.400.99-1.363.42
2020-21.3114.850.5814.92
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageLow3 star
5-YearAverageAverage3 star
10-YearAverageBelow Average3 star
OverallAverageBelow Average3 star
 
Category :  Asia-Pacific ex-Japan Equity IncomeClick here to see our Methodology
Volatility Measurements28/02/2025
 
3-Yr Std Dev10.86 %
3-Yr Mean Return3.81 %
 
3-Yr Sharpe Ratio-0.01
 
Modern Portfolio Statistics28/02/202528/02/2025
 Standard IndexBest Fit Index
 MSCI AC Asia Pacific ex Japan HDY NR USD  Morningstar APAC TME NR USD
3-Yr Beta0.880.92
3-Yr Alpha-4.67-1.76
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 32677-
Market Capitalisation% of Equity
Giant62.54
Large29.72
Medium7.28
Small0.46
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings14.041.16
Price/Book1.661.17
Price/Sales2.321.59
Price/Cash Flow7.531.10
Dividend-Yield Factor4.581.01
 
Long-Term Projected Earnings Growth7.540.90
Historical Earnings Growth16.502.05
Sales Growth-0.22-0.34
Cash-Flow Growth6.521.88
Book-Value Growth2.600.56
 
Category: Asia-Pacific ex-Japan Equity Income
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.690.0098.69
Bond0.200.000.20
Property0.000.000.00
Cash0.620.000.62
Other0.820.320.49
World Regions28/02/2025
 % of EquityRelative to Category
United States0.020.02
Canada0.03-
Latin America0.00-
United Kingdom1.470.59
Eurozone0.010.03
Europe - ex Euro0.00-
Europe - Emerging0.00-
Africa0.00-
Middle East0.00-
Japan0.000.02
Australasia15.050.98
Asia - Developed58.121.20
Asia - Emerging25.300.79
 
Category: Asia-Pacific ex-Japan Equity Income
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials1.410.27
Consumer CyclicalConsumer Cyclical3.080.35
Financial ServicesFinancial Services32.421.20
Real EstateReal Estate6.901.21
Consumer DefensiveConsumer Defensive5.210.80
HealthcareHealthcare0.000.00
UtilitiesUtilities4.791.62
Communication ServicesCommunication Services6.120.66
EnergyEnergy1.950.93
IndustrialsIndustrials8.771.36
TechnologyTechnology29.351.18
 
Category: Asia-Pacific ex-Japan Equity Income
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings44
Total Number of Bond Holdings0
Assets in Top 10 Holdings46.32
NameSectorCountry% of Assets
Taiwan Semiconductor Manufacturing Co... 311Taiwan9.27
DBS Group Holdings Ltd103Singapore6.10
Singapore Technologies Engineering Ltd310Singapore5.04
Samsung Electronics Co Ltd Participat... 311Korea, Republic Of4.91
ITC Ltd205India4.37
AIA Group Ltd103Hong Kong3.87
National Australia Bank Ltd103Australia3.52
MediaTek Inc311Taiwan3.41
Hong Kong Exchanges and Clearing Ltd103Hong Kong3.00
Link Real Estate Investment Trust104Hong Kong2.85
 
Increase Decrease New since last portfolio
Category: Asia-Pacific ex-Japan Equity Income
 
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 Date30/11/2005
Fund Advisor(s)
Newton Investment Management Ltd
Fund ManagerZoe Kan
Manager Start Date28/05/2015
Career Start Year2000
Education
University of London, B.A.
 
Biography
Zoe is a portfolio manager on the Emerging Markets and Asia Equities team. Zoe joined Newton in 2000 as a dedicated Asia Pacific ex-Japan specialist. Having managed unconstrained Asian equity portfolios, she became lead manager on the Asian Equity Income Funds in 2016. She is also a lead manager on the Emerging Income Fund. Zoe holds a degree in German and Economics, and is a CFA charterholder. Outside of work, Zoe enjoys music and spending time with her young family.
Fund ManagerAlex Khosla
Manager Start Date23/09/2022
Career Start Year2011
 
Biography
Alex Khosla is a member of Newton’s emerging markets and Asia equities team. Alex joined Newton in 2022 to help manage global emerging markets and Asia portfolios. He joined us from Aikya Investment Management, where he was a research analyst covering global emerging markets. Prior to that, he was at Stewart Investors, and he worked previously with Paul Birchenough and Ian Smith at AXA Framlington, where he supported them in managing the firm’s global emerging markets funds. He began his career at UBS Investment Bank. Alex has a BA (Hons) in Philosophy, Politics and Economics from Oxford Univand is a CFA charterholder. Outside of work he enjoys spending time with his family. CFA and Chartered Financial Analyst are registered trademarks owned by CFA Institute.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.66%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional250  GBP
Savings50  GBP
Tax Free Savings Schemes
ISAsYes