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FairHorizon Orange
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BNY Mellon Global Funds PLC - Long-Term Global Equity Fund

Global developed and emerging market large cap-biased equities. Active bottom-up focused strategy.

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About the Fund

Data as of

BNY Investments is a leading global asset manager under BNY, a global financial services platforms company with more than 240 years of history. BNY Investments manages US$2.2tn of assets across 35 countries through multiple specialist investment subsidiaries of distinct asset class and investment strategy coverage.

Walter Scott is an Edinburgh-based boutique global equity investment manager established in 1983 by Walter Grant Scott. Walter Scott adopts a team-based approach that specialises in undertaking in-depth bottom-up fundamental research to find growth companies that have the ability to consistently compound wealth over the long term. Walter Scott was acquired by BNY in 2006 as a subsidiary.

The BNY Mellon Long-Term Global Equity Fund is an actively managed fund seeking to achieve long-term capital appreciation by investing primarily in global large/mid cap developed markets equities and up to 20% in emerging markets equities, with no market cap and currency constraints. The fund adopts a long-term (3-5 years) investment approach with low portfolio turnover, based on rigorous fundamental bottom-up company analysis with the aim of identifying companies with superior wealth generation prospects. ESG evaluation is integrated throughout the investment process. The fund runs a concentrated portfolio of >40 holdings.

Performance

Price Performance – Maximum Period

The FairHorizon Context

Investment-Time-Horizon in years

0 - 22 - 44 - 7 7 - 1010 - 1515+
Expected long-term return
2 - 4% p.a.
Expected volatility
3 - 5% p.a.

Building Block Returns

BNY Mellon Global Funds PLC - Long-Term Global Equity Fund

Ann. return (3-year):
8.40%
Ann. return (5-year):
5.34%
Ann. return (10-year):
9.87%
Ann. Standard Deviation (5-year):
15.63%

This fund represents active exposure to global developed and emerging markets large cap-biased equities.

Benchmark Returns

SPDR MSCI All Country World UCITS ETF

Ann. return (3-year):
19.93%
Ann. return (5-year):
10.65%
Ann. return (10-year):
12.24%
Ann. Standard Deviation (5-year):
14.33%
Link to the Funds FairSheet

FairHorizon Benchmark Returns

Dimensional Funds PLC - World Allocation 80/20 Fund

Ann. return (3-year):
15.12%
Ann. return (5-year):
7.92%
Ann. return (10-year):
—
Ann. Standard Deviation (5-year):
12.44%
Link to the Funds FairSheet

The Dimensional World Allocation 80/20 Fund is our FAIRHORIZON Orange reference benchmark solution that has 80% global developed equities and 20% global investment grade short-to-medium maturity bonds for global defensive equity-like returns and volatility.

SHARING OUR PASSION FOR INVESTMENTS FAIRSHEET™  BNY Mellon Global Funds PLC - Long-Term Global Equity Fund  Page 1/2

Why we prefer this fund

Relevance of strategy

This fund represents active exposure to global developed and emerging markets large cap-biased equities.

Manager expertise

The fund is managed by subsidiary Walter Scott, a boutique global equity specialist known for its long term fundamental bottom-up investment approach.

Differentiated portfolio

The fund focuses on a bottom-up investment approach through in-depth fundamental analysis to identify growth companies that have the ability to consistently compound wealth over the long term.

Performance

The fund is expected to typically not capture all of the upside in a sharply rising market, but can demonstrate resilience in difficult conditions.

Historical maximum drawdown & recovery time

Max drawdown (since inception)
-30.48%
Recovery Period
142 Days

Diversification

Top 10 Holdings

  • Taiwan Semiconductor Manufactu4.64%
  • Microsoft Corp4.33%
  • Amphenol Corp4.26%
  • Mastercard Inc Class A Common3.49%
  • ASML Holding NV3.33%
  • Adobe Inc2.96%
  • AIA Group Ltd2.90%
  • Linde PLC2.81%
  • Roche Holding AG2.72%
  • Texas Instruments Inc2.54%

Sectors

  • Health Care22.25%
  • Technology20.27%
  • Industrials16.00%
  • Consumer Discretionary15.74%
  • Financials12.12%
  • Consumer Staples4.66%
  • Materials4.49%
  • Communications3.37%
  • Cash1.09%

Geography

  • U.S.A.64.16%
  • Taiwan4.44%
  • Netherlands4.24%
  • Japan3.75%
  • Switzerland3.73%
  • France3.54%
  • Hong Kong2.78%
  • Denmark2.33%
  • Ireland2.33%
  • Spain1.96%
  • United Kingdom1.89%
  • Others4.83%