NEW YORK, Nov. 17, 2015 /PRNewswire/ -- The median return
of the BNY Mellon U.S. Master Trust Universe, a fund-level tracking
service, was -4.67% for the third quarter, the second straight
quarter of negative performance. The one-year return of -0.68% was
below the five-year annualized return of +1.87% and is the lowest
median annual return reported since 3Q-2011.
With a market value of more than $2.1
trillion and an average plan size of $3.6 billion, the BNY Mellon U.S. Master Trust
Universe is a fund-level tracking service that can be used to make
peer comparisons of both performance and asset allocation results.
The Universe consists of 595 corporate, foundation, endowment,
public, Taft-Hartley, and health care plans.
"All plan types were in the red for the third quarter and the
twelve-month period," said John
Houser, senior consultant for BNY Mellon's Global Risk
Solutions group. "Looking at asset classes, real estate (+3.14%)
and U.S. fixed income (+0.52%) were the only positive segments for
the quarter. Over the last year, real estate is the only asset
class with double-digit gains (+13.6%), continuing its run of more
than five years of positive quarters. Not surprisingly, median plan
allocations to real estate ticked up from 4% last quarter to 5% in
Q3."
Q3 Highlights
- Only 3.4% of plans posted positive results during the
quarter;
- Corporate pensions saw the highest median return (-4.03%),
followed by Health Care plans (-4.22%);
- U.S. equities posted a quarterly median return of -7.44%,
versus the Russell 3000 Index return of -7.25%. Non-U.S.
equities saw a median return of -11.47%, compared the Russell
Developed ex U.S. Large Cap Index result of -10.18%. U.S. fixed
income had a median return of +0.52%, versus the Barclays Capital
U.S. Aggregate Bond Index return of +1.23%. Non-U.S. fixed income
had a median return of -3.57%, versus the Citigroup Non-U.S. World
Government Bond Index return of +1.71%. Real estate had a median
return of +3.14%, versus the NCREIF Property Index result of
+3.09%.
The average asset allocation in the BNY Mellon U.S. Master Trust
Universe for the third quarter was: U.S. equity 25%, U.S. fixed
income 26%, non-U.S. equity 16%, non-U.S. fixed income 2%, real
estate 5%, cash 1%, and alternatives/other 25%.
BNY Mellon's Asset Servicing business supports institutional
investors in today's fast-evolving markets, safeguarding assets and
enhancing the management and administration of client investments
through services that process, monitor and measure data from around
the world. We leverage our global footprint and local expertise to
deliver insight and solutions across every stage of the investment
lifecycle.
BNY Mellon is a global investments company dedicated to helping
its clients manage and service their financial assets throughout
the investment lifecycle. Whether providing financial services for
institutions, corporations or individual investors, BNY Mellon
delivers informed investment management and investment services in
35 countries and more than 100 markets. As of Sept. 30, 2015, BNY Mellon had $28.5 trillion in assets under custody and/or
administration, and $1.6 trillion in
assets under management. BNY Mellon can act as a single point of
contact for clients looking to create, trade, hold, manage,
service, distribute or restructure investments. BNY Mellon is the
corporate brand of The Bank of New York Mellon Corporation (NYSE:
BK). Learn more at www.bnymellon.com. Follow us on Twitter
@BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for
the latest company news.
BNY Mellon U.S.
Master Trust Universe Median Plan Returns*
|
Period Ending
September 30, 2015
|
|
Universe
|
Number
of
Participants
|
3Q
2015
|
One-
Year
|
Five-
Years
|
Ten-
Years
|
Master Trust Total
Fund
|
595
|
-4.67
|
-0.68
|
7.51
|
5.81
|
Corporate Plans
|
221
|
-4.03
|
-0.75
|
7.57
|
5.90
|
Foundations
|
82
|
-5.28
|
-1.08
|
7.21
|
5.75
|
Endowments
|
85
|
-4.76
|
-0.48
|
7.91
|
6.02
|
Public Plans
|
108
|
-4.93
|
-0.70
|
7.83
|
5.87
|
Taft-Hartley Plans
|
56
|
-4.72
|
-0.65
|
7.52
|
5.44
|
Health Care Plans
|
16
|
-4.22
|
-1.02
|
6.49
|
5.50
|
|
|
|
|
|
*All returns are
posted gross of fee results.
|
|
|
|
|
BNY Mellon U.S.
Master Trust Universe Median Allocations by Asset
Class
|
Period Ending
September 30, 2015
|
|
Asset
Class
|
Q3
2015
|
Q2
2015
|
One
Year
Ago
|
Three
Years
Ago
|
Five
Years
Ago
|
U.S.
equity
|
25%
|
26%
|
26%
|
28%
|
32%
|
U.S. fixed
income
|
26%
|
25%
|
17%
|
28%
|
28%
|
Non-U.S.
equity
|
16%
|
17%
|
26%
|
15%
|
17%
|
Non-U.S. fixed
income
|
2%
|
2%
|
1%
|
2%
|
2%
|
Real
estate
|
5%
|
4%
|
4%
|
2%
|
2%
|
Cash
|
1%
|
1%
|
2%
|
1%
|
1%
|
Alternatives/Other
|
25%
|
25%
|
24%
|
24%
|
18%
|
Russell 3000 Index and Russell Developed ex
US Large Cap Index: Russell Investment Group ("Russell")
is the source and owner of the Russell Index data contained or
reflected in this material and all trademarks and copyrights
related thereto. The Russell Index data may contain
confidential information and unauthorized use, disclosure, copying,
dissemination or redistribution is strictly prohibited. Barclays
Capital U.S. Aggregate Bond Index: © Barclays Bank PLC
2015. This data is provided by Barclays Bank PLC all rights
are reserved. Citigroup Non-US World Government Bond Index:
© Citigroup Global Markets Inc., 2015. All rights reserved.
Information containing any historical information, data or
analysis should not be taken as an indication or guarantee of any
future performance, analysis, forecast or prediction. Past
performance does not guarantee future results. The Information
should not be relied on and is not a substitute for the skill,
judgment and experience of the user, its management, employees,
advisors and/or clients when making investment and other business
decisions. None of the Information constitutes an offer to sell (or
a solicitation of an offer to buy), any security, financial product
or other investment vehicle or any trading strategy.
Contact:
Joseph F. Ailinger Jr.
+1
617-722-7571
joe.ailinger@bnymellon.com
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visit:http://www.prnewswire.com/news-releases/us-master-trust-universe-reflects-negative-returns-in-q3-says-bny-mellon-300179890.html
SOURCE BNY Mellon