NEW YORK, Nov. 29, 2016 /PRNewswire/ -- The median
return of the BNY Mellon U.S. Master Trust Universe, a fund-level
tracking service, was +3.56% for the third quarter of 2016, marking
the fourth straight quarter of positive results. The one-year
return of 9.59% was above the Universe's five-year annualized
return of +9.01% and marked the second consecutive quarter of
positive twelve-month performance.
With a market value of more than $1.9
trillion and an average plan size of $5.2 billion, the BNY Mellon U.S. Master Trust
Universe is a fund-level tracking service that can be used to make
peer comparisons of performance by plan type and size. It consists
of 594 corporate, foundation, endowment, public, Taft-Hartley, and
health care plans. Launched this spring, Asset Strategy View
provides detailed asset allocation, performance, and cash flow data
for the majority of the BNY Mellon U.S. Master Trust Universe.
"Endowments outperformed all plan types in Q3, gaining +3.81% as
they benefited from a higher allocation to private equity," said
Frances Barney, CFA, head of
Consulting-Americas for Global Risk Solutions at BNY Mellon. "The
difference between endowments and health care plans, the lowest
performing group, was 50 basis points. All asset classes posted
positive results in the third quarter.
"U.S. equity was the top performing asset class with
double-digit gains over the one-year period (+14.39%), followed by
non-U.S. fixed income (+11.17%) and non-U.S. equity (+9.89%)," she
added.
Q3 Highlights
- Over 99% of plans posted positive results during the
quarter;
- Endowments saw the highest median return (+3.81%), followed by
foundations (+3.75%);
- U.S. equities posted a quarterly median return of +4.66%,
versus the Russell 3000 Index return of +4.40%. Non-U.S. equities
saw a median return of 6.71%, compared to the Russell Developed ex
U.S. Large Cap Index result of 6.50%. U.S. fixed income had a
median return of +1.12%, versus the Barclays Capital U.S. Aggregate
Bond Index return of +0.46%. Non-U.S. fixed income had a median
return of +2.72%, versus the Citigroup Non-U.S. World Government
Bond Index return of +0.60%. Real estate had a median return of
+2.34%, versus the NCREIF Property Index result of +1.77%.
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, 2016, BNY Mellon had $30.5 trillion in assets under custody and/or
administration, and $1.72 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.
Trust Universe Median Plan Returns*
|
Period Ending
September 30, 2016
|
|
Universe
|
Number
of
Participants
|
3Q
2016
|
One- Year
|
Five-
Years
|
Ten-
Years
|
Master Trust Total
Fund
|
594
|
3.56
|
9.59
|
9.01
|
5.77
|
Corporate Plans
|
219
|
3.52
|
11.19
|
9.24
|
6.10
|
Foundations
|
84
|
3.75
|
8.19
|
8.43
|
5.32
|
Endowments
|
89
|
3.81
|
7.49
|
8.75
|
5.77
|
Public Plans
|
110
|
3.54
|
9.75
|
9.30
|
5.78
|
Taft-Hartley Plans
|
48
|
3.46
|
9.56
|
9.47
|
5.25
|
Health Care Plans
|
18
|
3.31
|
7.88
|
7.76
|
5.55
|
|
*All returns are
posted gross of fee results.
|
BNY Mellon U.S.
Trust Universe Median Allocations by Asset Class
|
Period Ending
September 30, 2016
|
|
Asset
Class
|
|
|
One
Year
Ago
|
Two
Years
Ago
|
Three
Years
Ago
|
|
Q3
2016
|
Q2
2016
|
|
|
|
US Equity
|
19%
|
19%
|
19%
|
20%
|
20%
|
Non-US
Equity
|
16%
|
15%
|
16%
|
16%
|
15%
|
Global
Equity
|
5%
|
5%
|
5%
|
5%
|
5%
|
US Fixed
Income
|
20%
|
22%
|
21%
|
22%
|
23%
|
Global Fixed
Income
|
1%
|
1%
|
1%
|
1%
|
1%
|
Non-US Fixed
Income
|
1%
|
1%
|
1%
|
1%
|
1%
|
Other Fixed
Income
|
2%
|
2%
|
2%
|
2%
|
2%
|
TIPS/Inflation Linked
Bonds
|
2%
|
2%
|
2%
|
2%
|
2%
|
Real
Estate
|
8%
|
8%
|
7%
|
7%
|
7%
|
Private
Equity
|
11%
|
10%
|
10%
|
10%
|
10%
|
Other Real
Assets
|
2%
|
2%
|
2%
|
2%
|
2%
|
Hedge
Funds
|
9%
|
9%
|
10%
|
9%
|
9%
|
Other
|
0%
|
0%
|
0%
|
0%
|
0%
|
Cash
|
3%
|
3%
|
3%
|
3%
|
3%
|
|
100%
|
100%
|
100%
|
100%
|
100%
|
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
2016. This data is provided by Barclays Bank PLC all rights
are reserved. Citigroup Non-US World Government Bond Index:
© Citigroup Global Markets Inc., 2016. 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
Cheryl Krauss
+1 212-635-8176
cheryl.krauss@bnymellon.com
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SOURCE BNY Mellon