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BNY Mellon Real Return Class U - Accumulation (GBP)

Sell:115.74p Buy:115.74p Change: 0.08p (0.07%)
Prices as at 29 May 2020
Change: 0.08p (0.07%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 29 May 2020
Change: 0.08p (0.07%)
Prices as at 29 May 2020
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & 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%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 0.85% i
Ongoing saving from HL: 0.20% i
Net ongoing charge: 0.65%
There are other unit types of this fund available:
Inclusive - Class A - Income (GBP) (Net ongoing charge 0.92%)
Class U - Income (GBP) (Net ongoing charge 0.65%)

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
Fund launch date: 1 September 1993
Sector: Targeted Absolute Return
Fund size: £5,363 million
Number of holdings: 207
Fund type: ICVC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: The National Westminster Bank plc
Minimum investment: £100.00
Charges deducted from: Capital
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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29/05/15 to 29/05/16 29/05/16 to 29/05/17 29/05/17 to 29/05/18 29/05/18 to 29/05/19 29/05/19 to 29/05/20
Annual return 0.93% 4.33% -2.21% 6.57% 2.07%

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.

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Our view on this fund

HL Research

The fund is managed by Suzanne Hutchins, Aron Pataki and Andy Warwick. They've got the support of BNY Mellon's well-resourced team of research analysts.

The fund has done a good job of sheltering investors' money from short term stock market volatility while growing it in the long term. We think this...

Our latest article

Investment Analyst Jonathon Curtis shares our analysis on the managers, process, culture, 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

Historic yield : 2.33%
Income paid: Bi-annually
Type of payment: Dividend
Ex-dividend date: 1 July 2020 1 January 2021
Payment date: 30 September 20204 28 February 20214

This data is provided by Funds Library. 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 April 2020.

Security Weight
US Long Bond Jun 2020 Future 14.39%
US 10 Year Note Future Jun 2020 Future 9.54%
iShares Physical Gold ETC 6.00%
Insight Liquidity Funds PLC GBP Liquidity Fund Cls 5 SWEEP 4.95%
Invesco Markets Plc Invesco Physical Gold ETC - 4.89%
Amundi Physical Metals PLC Physical Gold ETC 4.62%
iShares $ Corporate Bond UCITS ETF 3.97%
Australia (Commonwealth) 3.25% Bds 21/06/2039 AUD1000 1.56%
Canada Housing Trust No1 2.35% Bds 15/06/2027 CAD5000 1.48%
InfraRed Capital Partners The Renewables Infrastructure Group Ord NPV 1.47%
Sector Weight
Bonds 32.63%
Non-Classified 24.50%
Commodities 12.39%
Managed Funds 7.80%
Pharmaceuticals & Biotechnology 3.49%
Software & Computer Services 3.23%
Industrial Support Services 2.88%
Life Insurance 2.53%
Technology Hardware & Equipment 2.49%
Real Estate Investment & Services 2.35%
Country Weight
Non-Classified 16.23%
United States 15.51%
Commodities 12.39%
United Kingdom 9.47%
France 8.58%
Managed Funds 7.80%
Germany 5.26%
Australia 4.81%
Switzerland 3.03%
Ireland 3.02%

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 29 May 2020. Data provided by Funds Library, correct as at 30 April 2020.

You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account

4 If you elect to receive the income from a Vantage ISA or Vantage 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.