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BNY Mellon Global Absolute Return Class W - Accumulation (GBP)

Sell:130.86p Buy:130.86p Change: 0.70p (0.54%)
Prices as at 6 November 2024
Sell:130.86p
Buy:130.86p
Change: 0.70p (0.54%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 6 November 2024
Sell:130.86p
Buy:130.86p
Change: 0.70p (0.54%)
Prices as at 6 November 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Also available as income units Help

Charges and Savings

Initial charges
Initial charge: 0.00%
Initial saving from HL: 0.00%
Net initial charge: 0.00%
HL dealing charge: Free
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 0.60%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.60%
There are other unit types of this fund available:
Class W - Income (GBP) (Net ongoing charge 0.60%)

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.


Other Information

Unit type: Unbundled
Manager:
Steve Waddington
Fund launch date: 9 February 2013
Sector: Targeted Absolute Return
Fund size: £441 million
Number of holdings: 124
Fund type: ICVC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: The National Westminster Bank plc
Minimum investment: £100.00
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

05/11/19 to 05/11/20 05/11/20 to 05/11/21 05/11/21 to 05/11/22 05/11/22 to 05/11/23 05/11/23 to 05/11/24
Annual return -4.12% 9.53% -9.09% 2.08% 7.18%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

The Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

Fund Objective

The objective of the Sub-Fund is to deliver positive returns on an annual basis with the prospect of attractive long-term capital growth. The Sub-Fund aims to deliver cash (3 month GBP LIBOR) +4% on a rolling annualised 5 year basis before fees. However, a positive return is not guaranteed and a capital loss may occur.The policy of the Sub-Fund is to gain exposure through a dynamic allocation to a range of asset classes including: fixed income, cash, near cash and deposits, equities, property, commodities and infrastructure. Exposure to these will be achieved through investment in collective investment schemes, transferable securities, money market instruments, deposits and derivatives. Investment in property, commodities and infrastructure will be indirect.The Sub-Fund may also use collective investment schemes to gain exposure to absolute return strategies and may use derivatives to obtain long and short exposures.Derivatives may be used for investment purposes as well as for efficient portfolio management.

Income Details

Historic yield : 3.61%
Income paid: Annually
Type of payment: Dividend
Ex-dividend date: 3 July 2025
Payment date: 31 August 20254

This data is provided by Broadridge. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 30 September 2024.

Security Weight
UK TSY 0% 12/08/24 4.06%
BANQUE FE 0% ECD 16/01/25 3.75%
MUFG BA 5.32% CD 02/09/24 3.40%
DBS BANK 0% ECD 12/07/24 3.40%
BANCO SAN 0% ECD 07/08/24 3.38%
ERSTE ABW 0% ECP 27/08/24 3.37%
NAT AUSTR 0% ECD 17/12/24 3.32%
BNP PARIBA 0% CD 05/08/24 2.93%
UK TSY 0% 05/08/24 2.78%
DIRECT 5.20% 01/07/2024 2.72%
Sector Weight
Non-Classified 43.64%
Bonds 31.26%
Cash and Equiv. 10.92%
Equity Investment Instruments 6.32%
Managed Funds 3.54%
Commodities 2.08%
Alternative Trading Strategies 1.91%
Software & Computer Services 0.05%
Technology Hardware & Equipment 0.05%
Banks 0.05%
Country Weight
Non-Classified 52.30%
United Kingdom 11.98%
Cash and Equiv. 10.92%
France 5.19%
Managed Funds 3.54%
Japan 3.40%
United States 2.45%
Canada 2.33%
Australia 2.31%
United Arab Emirates 2.27%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 6 November 2024. Data provided by Broadridge, correct as at 30 June 2024.

Broadridge
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

4 If you elect to receive the income from an ISA or a Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.