BNY Mellon US Dynamic Value Fund
As at 31 May 2010
Fund Profile
Alpha generation through a value-oriented, research-driven and risk-averse investment philosophy
Fund highlights:
- Managed by renowned US asset management firm, The Boston Company Asset Management.
- Invests in US companies with a market cap of US$1bn or more
- The TBCAM Dynamic Value Equity Composite strategy the fund follows has a track record of over 12 years and has outperformed the benchmark over three, five and ten years
- Managed against an index that covers 90% of the US stock market
- A dedicated investment style that blends both quantitative screening and qualitative research approach.
- The management team moves up or down the market capitalisation bands and takes appreciable sector bets away from the benchmark to capture alpha
Investment objective
The Sub-Fund aims to achieve long term capital growth through investment primarily (meaning at least two-thirds of the Sub-Fund's assets) in a portfolio of equity and equity-related securities of companies with a market capitalisation of U.S.$1 billion or above at the time of investment having their registered office in the U.S. or carrying out a preponderant part of their economic activities in the U.S.
General information
- Total net assets (million)
- $ 395.30
- Lipper sector
- UK Offshore - North America
- Index
- Russell 1000 Value
- Fund domicile
- Dublin
- Fund type
- ICVC
- Fund manager
- Dedicated Team
- Base currency
- USD
- Currencies available
- EUR, USD, GBP
Key dates
- Fund launch
- 24 May 2005
- Close of financial year
- 31 Dec
BNY Mellon Asset Management Company
The Boston Company Asset Management: The Boston Company has one of the largest and most experienced teams in the industry dedicated to fundamental equity investing. The firm’s capabilities cover core, growth and value equity investment styles.
Dealing
09:00 to 17:00 each business day
Valuation point: 12:00 Dublin time
Shareclass EUR A
- General
- Share class launch date
- 01 Nov 2002
- Minimum investment
- € 5,000
- Annual management charge
- 2.00%
- Maximum initial charge
- 5.00%
- Codes
- ISIN
- IE0031687019
- Bloomberg
- MELULAE ID
- Sedol
- 3168701
- Valoren
- CH1497903
- WKN
- 750419
- Registered for sale in:
- DE, NL, IT, GUE, UK, FR, CH, NO, BE, JER, ES, GIB, AT
Shareclass EUR C
- General
- Share class launch date
- 04 Jul 2003
- Minimum investment
- € 5,000,000
- Annual management charge
- 1.00%
- Maximum initial charge
- 5.00%
- Codes
- ISIN
- IE0031687902
- Bloomberg
- MELULEC ID
- Sedol
- 3168790
- Valoren
- CH1497912
- WKN
- 750432
- Registered for sale in:
- DE, IRL, NL, IT, GUE, UK, FR, CH, NO, JER, ES, GIB, AT
Shareclass USD A
- General
- Share class launch date
- 18 Sep 2002
- Minimum investment
- $ 5,000
- Annual management charge
- 2.00%
- Maximum initial charge
- 5.00%
- Codes
- ISIN
- IE0031687670
- Bloomberg
- MELULAD ID
- Sedol
- 3168767
- Valoren
- CH1497757
- WKN
- 750431
- Registered for sale in:
- DE, NL, IT, GUE, PT, UK, FR, CH, NO, JER, GIB, IRL, HK, ES
Shareclass USD C
- General
- Share class launch date
- 12 Apr 2006
- Minimum investment
- $ 5,000,000
- Annual management charge
- 1.00%
- Maximum initial charge
- 5.00%
- Codes
- ISIN
- IE0031688199
- Bloomberg
- MELUDAC ID
- Sedol
- 3168819
- Valoren
- CH1497772
- WKN
- 750433
- Registered for sale in:
- DE, NL, IT, GUE, UK, IT, FR, CH, NO, BE, JER, ES, GIB, AT
Fund Specific Important Information
Until 24 May 2005, this fund was called the Mellon US Large Companies Value Portfolio and had a different Investment Objective and Policy. The change of investment objective and policy was approved by shareholders on 24 May 2005 at which point the fund's name was also changed. Details of the Mellon US Large Companies Value Portfolio, including historic performance information up to the date of change, are available on request.
| Performance record since launch | ||||||||
|---|---|---|---|---|---|---|---|---|
|
Source: Lipper as at 31 May 2010. Total Return, including annual charges but excluding initial charges, income reinvested gross of tax. Performance history is given in Fund - USD 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 May 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 A share class | -10.64 | -1.08 | -0.36 | -3.07 | 17.42 | -30.63 | -3.44 | -11.47 | -0.70 | ||
| Russell 1000 Value | -8.22 | 0.28 | 2.32 | 0.54 | 22.98 | -30.25 | -1.37 | -11.31 | -0.28 | ||
| Sector average | -8.52 | -1.30 | 0.39 | -2.52 | 19.03 | -25.62 | -3.01 | -9.54 | -0.80 | ||
| Fund - EUR A share class | -3.22 | 9.33 | 21.89 | 13.53 | 34.74 | -24.12 | -3.11 | -8.78 | -0.63 | ||
| Fund - EUR C share class | -3.13 | 9.62 | 22.44 | 14.03 | 36.03 | -21.85 | 1.92 | -7.88 | 0.38 | ||
| Russell 1000 Value | -0.54 | 11.54 | 25.20 | 17.56 | 41.86 | -23.51 | -0.75 | -8.54 | -0.15 | ||
| Sector average | -0.87 | 9.77 | 22.84 | 13.99 | 37.30 | -18.44 | -2.40 | -6.72 | -0.68 | ||
| Ranking of fund in sector | 212 | 86 | 121 | 133 | 144 | 144 | 72 | 144 | 72 | ||
| No. of funds in sector | 218 | 218 | 218 | 218 | 216 | 179 | 150 | 179 | 150 | ||
| Quartile rank | 4 | 2 | 3 | 3 | 3 | 4 | 2 | 4 | 2 | ||
Statutory performance data updated quarterly
| From | 31 Mar 09 | 31 Mar 08 | 30 Mar 07 | 31 Mar 06 | 31 Mar 05 |
|---|---|---|---|---|---|
| To | 31 Mar 10 | 31 Mar 09 | 31 Mar 08 | 30 Mar 07 | 31 Mar 06 |
|
Source: Lipper as at 31 May 2010. Total Return, including annual charges but excluding initial charges, income reinvested gross of tax. Performance history is given in Fund - USD A share class currency. |
|||||
| Fund | 48.6% | -41.3% | -6.6% | 13.4% | – |
Calendar Performance
| 2009 | 2008 | 2007 | 2006 | 2005 | |
|---|---|---|---|---|---|
|
Source: Lipper as at 31 May 2010. Total Return, including annual charges but excluding initial charges, income reinvested gross of tax. Performance history is given in Fund - USD A share class currency. |
|||||
| Fund | 23.65 | -38.99 | 3.95 | 17.96 | - |
| Index | 19.69 | -36.85 | -0.17 | 22.25 | - |
| Quartile Rank | 4 | 2 | 3 | 1 | - |
Asset allocation
Asset allocation - industry
Holdings and Risk
| Top 10 holdings | |
|---|---|
| % | |
| OCCIDENTAL PETE CORP COM | 4.7 |
| J P MORGAN CHASE & CO COM | 3.6 |
| BANK OF AMERICA CORP | 3.6 |
| GENERAL ELEC CO COM | 3.2 |
| EOG RES INC COM | 3.0 |
| WELLS FARGO & CO NEW COM | 2.8 |
| AT & T INC COM | 2.8 |
| PFIZER INC COM | 2.7 |
| NEWS CORPORATION CL A | 2.5 |
| CVS CORP | 2.2 |
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
- -0.16
- Beta
- 0.87
- Correlation to benchmark
- 0.88
- Annualised information ratio
- -0.02
- Annualised Sharpe ratio
- -0.65
- Annualised tracking error
- 10.56
- R²
- 0.80