BNY Mellon Real Return Class U - Accumulation (GBP)
0.19p
(0.13%)
0.19p
(0.13%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
0.19p
(0.13%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
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Income and accumulation units
With income units, any income is paid as cash. This can be withdrawn, reinvested or simply held on your account. With accumulation units any income is retained within the fund; the number of units remains the same but the price of each unit increases by the amount of income generated within the fund. Generally accumulation units offer a slightly more efficient way to reinvest income, although many investors will choose to hold income units and reinvest the income to buy extra units.
×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): | 0.82% i | ||
| Ongoing saving from HL: | 0.20% i | ||
| Net ongoing charge: | 0.62% | ||
| There are other unit types of this fund available: | |||
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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
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Performance
| 02/07/20 to 02/07/21 | 02/07/21 to 02/07/22 | 02/07/22 to 02/07/23 | 02/07/23 to 02/07/24 | 02/07/24 to 02/07/25 | |
|---|---|---|---|---|---|
| Annual return | 12.94% | -3.65% | -4.05% | 9.56% | 7.21% |
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 chartOur view on this fund
A number of changes to the team managing this fund came into force on 21 May 2025. Ella Hoxha has been appointed as Co-Lead Portfolio Manager alongside existing Portfolio Manager Aron Pataki. Hoxha replaced previous Co-Lead Portfolio Manager Andy Warwick. Nick Pope also joined the team to head up the...
Our latest article
In this fund update, Senior Investment Analyst Hal Cook shares our analysis on the manager, process, culture, ESG integration, cost and performance of the BNY Mellon Real Return fund.
Fund Objective
The objective of the Sub-Fund is to achieve significant real rates of return in Sterling terms predominantly from a portfolio of UK and international securities. The Sub-Fund is managed to seek a minimum return of cash (1 month GBP LIBOR) +4% per annum over 5 years before fees. In so doing we aim to achieve a positive return on a rolling 3 year basis. However, a positive return is not guaranteed and a capital loss may occur. The Sub-Fund may also invest in deposits, approved money market instruments, derivative instruments, forward transactions and collective investment schemes.
Income Details
| Security | Weight |
|---|---|
| Insight Dublin ILF GBP Liquidity Class 5 | 6.18% |
| UK Treasury Bill 0% 04/08/2025 GBP0.01 | 5.95% |
| USA Treasury Notes 1.25% TII 15/4/2028 USD100 | 5.19% |
| 4¼% Treasury Gilt 2034 | 5.14% |
| 4¼% Treasury Gilt 2039 | 4.99% |
| UK Treasury Bill 0% 01/09/2025 GBP0.01 | 4.61% |
| UK Treasury Bill 0% 27/10/2025 GBP0.01 | 3.16% |
| Brazil (Fed Rep of) 0% LTN 01/01/2030 BRL1000 | 2.16% |
| UK Treasury Bill 0% 08/09/2025 GBP0.01 | 1.95% |
| Barclays Bank PLC S&P Coll Nts 02/02/2026 Monday | 1.93% |
| Sector | Weight |
|---|---|
| Bonds | 42.47% |
| Cash and Equiv. | 11.25% |
| Non-Classified | 8.01% |
| Aerospace & Defence | 3.89% |
| Media | 3.70% |
| Equity Investment Instruments | 3.27% |
| Personal Care, Drug & Grocery Stores | 2.42% |
| Pharmaceuticals & Biotechnology | 2.39% |
| Managed Funds | 2.16% |
| Banks | 1.91% |
| Country | Weight |
|---|---|
| United Kingdom | 39.84% |
| United States | 18.79% |
| Cash and Equiv. | 11.25% |
| Non-Classified | 10.96% |
| Brazil | 2.55% |
| Managed Funds | 2.16% |
| Ireland | 2.09% |
| Switzerland | 2.02% |
| Commodities | 1.39% |
| Netherlands | 1.28% |
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 2 July 2025. Data provided by Broadridge, correct as at 30 April 2025.
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.
