Please ensure Javascript is enabled for purposes of website accessibility Multi-asset - UK - BNY Investments
uk
en
intermediary
intermediary
false
true
Gathering data
Disclaimer Not Available

DISCOVER
MULTI-ASSET FUNDS 

Multi-asset funds aim to offer investors a way to access greater diversification.

Why multi-asset?


BNY Investments’ multi-asset range comprises strategies that help a range of investors achieve their goals, whether it’s individuals saving for and in retirement or institutions.

 

 


Diversification

During volatile times when the traditional 60/40 portfolio model comes into question, diversification is essential to protect a client’s capital from the vagaries of markets and the global economy. BNY Investments’ multi-asset strategies place emphasis on protecting capital while sourcing income and growth by investing across different asset classes, geographies, companies and themes, rather than being exposed to a single source of risk.


Income and growth

BNY Investments’ multi-asset funds seek exposure to asset classes and underlying securities with inflation-linked revenue streams such as infrastructure, property and renewables, including esoteric areas like music royalties and battery storage. Picking companies with sustainable and growing dividends is also a key tenet of the multi-asset range.


Risk profiling

BNY Investments’ multi-asset funds are risk profiled, meaning they can be matched to a variety of client risk attitudes. As well as helping to manage volatility expectations, the funds target a variety of investment outcomes for a client, whether they are seeking income, growth, a balance of the two, or a cash-plus return.

Great multi-asset design needs to be robust enough to accommodate as many possible futures as practicable because, unless you have a valid claim to omniscience, it is irresponsible to build a portfolio that only works on one pathway


Paul Flood, Head of Mixed Assets Investment

Access multi-asset solutions for different investor needs


Newton offers a choice of multi-asset solutions to meet investors' risk appetite.

 

  • Equities
  • Bonds
  • Alternatives
  • Derivatives
  • Cash and others
Mixed assets
Income-orientated
Absolute return
Risk Managed
Mixed assets

BNY Mellon Multi-Asset Balanced Fund

Find out more
Objective: To achieve a balance between income and capital growth over the long term (5 years or more).

Benchmark: The Fund will measure its performance against the UK Investment Association Mixed Investment 40-85% Shares NR Sector average as a comparator benchmark (the “Benchmark”). The Fund will use the Benchmark as an appropriate comparator because it includes a broad representation of funds with levels of equity and bond exposure similar to those of the Fund. The Fund is actively managed, which means the Investment Manager has discretion over the selection of investments, subject to the investment objective and policies as disclosed in the Prospectus.


Mixed assets

BNY Mellon Multi-Asset Growth Fund

Find out more
Objective: To achieve capital growth and income over the long term (5 years or more).
Benchmark: The Fund will measure its performance against the UK Investment Association Flexible Investment NR Sector average as a comparator benchmark (the “Benchmark”). The Fund will use the Benchmark as an appropriate comparator because it includes a broad representation of funds with the same flexibility, in terms of equity and bond exposure, as the Fund. The Fund is actively managed, which means the Investment Manager has discretion over the selection of investments, subject to the investment objective and policies as disclosed in the Prospectus.

Mixed assets

BNY Mellon Multi-Asset Moderate Fund

Find out more
Objective: To achieve capital growth and income over the long term (5 years or more).
Benchmark:

The Fund will measure its performance against the UK Investment Association's Mixed Investment 20-60% Shares NR Sector average, as a comparator benchmark (the "Benchmark"). The Fund will use the Benchmark as an appropriate comparator because it includes a broad representation of funds with levels of equity and bond exposure similar to those of the Fund. The Fund is actively managed, which means the Investment Manager has discretion over the selection of investments, subject to the investment objective and policies as disclosed in the Prospectus.

The Fund can invest more than 35% of net assets in different Transferable Securities and Money Market Instruments issued or guaranteed by any EEA State, its local authorities, a third country or public international bodies of which one or more EEA States are members.

Income-orientated

BNY Mellon Multi-Asset Income Fund

Find out more
Objective: To achieve income together with the potential for capital growth over the long term (5 years or more).

Benchmark: The Fund is actively managed without benchmark related constraints. The Fund will measure its performance against the UK Investment Association's Mixed Investment 40-85% Shares NR Sector Average as a comparator benchmark (the "Benchmark"). The Fund will use the Benchmark as an appropriate comparator because it includes a broad representation of funds with levels of equity and bond exposure similar to those of the Fund.

The Fund is actively managed, which means the Investment Manager has absolute discretion to invest outside the Benchmark subject to the investment objective and policies disclosed in the Prospectus. While the Fund's holdings may include constituents of the Benchmark, the selection of investments and their weightings in the portfolio are not influenced by the Benchmark. The investment strategy does not restrict the extent to which the Investment Manager may deviate from the Benchmark.

Income-orientated

BNY Mellon Global Dynamic Bond Income Fund

Find out more
Objective: To achieve income over the medium term (3-5 years).
Benchmark: The Fund will not measure its performance against a benchmark because it is not possible to state a comparator that will be relevant at all times. Instead, the authorised corporate director (ACD) invites investors to consider the Fund’s yield versus other fixed income investment products that seek to generate income. The Fund is actively managed, which means the Investment Manager has discretion over the selection of investments subject to the investment objective and policies disclosed in the Prospectus.

The Fund can invest more than 35% of net assets in different Transferable Securities and Money Market Instruments issued or guaranteed by any EEA State, its local authorities, a third country or public international bodies of which one or more EEA States are members.

Source for ratings: BNY Investments as at 31 March 2024.

Absolute Return

BNY Mellon Multi-Asset Diversified Return Fund

Find out more
Objective: To achieve long-term capital growth over a period of at least 5 years from a portfolio diversified across a range of assets. The Fund is managed to seek a return in excess of cash (SONIA (30-day compounded)) +3% per annum over five years before fees. In doing so, it aims to achieve a positive return on a rolling three year basis (meaning a period of three years, no matter which day you start on). However, a positive return is not guaranteed and a capital loss may occur.

Benchmark: The Fund will measure its performance before fees over a rolling 5-year basis against the Sterling Overnight Index Average (SONIA), compounded over 30 days, plus 3% per year as a target benchmark (the "Benchmark"). SONIA is the average interest rate banks pay to borrow pounds sterling overnight and is used as a proxy for the return on cash deposits. The 30-day rate is calculated by compounding the daily SONIA rates throughout the previous 30-day period. The Fund will use the Benchmark as a target for the Fund's performance to match or exceed because it is representative of sterling cash and the Fund's investment objective is to seek a return in excess of sterling cash +3% per annum. The Fund is actively managed, which means the Investment Manager has discretion over the selection of investments, subject to the investment objective and policies as disclosed in the Prospectus.

The Fund can invest more than 35% of net assets in different Transferable Securities and Money Market Instruments issued or guaranteed by any EEA State, its local authorities, a third country or public international bodies of which one or more EEA States are members.

Absolute Return

BNY Mellon Real Return Fund

Find out more
Objective: To achieve a rate of return in sterling terms that is equal to or above a minimum return from cash (SONIA (30-day compounded)) + 4% per annum over five years before fees. In doing so, it aims to achieve a positive return on a rolling three year basis (meaning a period of three years, no matter which day you start on). However, capital is in fact at risk and there is no guarantee that this will be achieved over that, or any, time period.

Benchmark: The Fund will measure its performance before fees against two benchmarks: – 3-year Benchmark: Over 3-year periods the Fund measures its performance against the Sterling Overnight Index Average (SONIA), compounded over 30 days. – 5-year Benchmark: Over 5-year periods the Fund measures its performance against SONIA, compounded over 30 days, plus 4% per year. SONIA is the average interest rate banks pay to borrow pounds sterling overnight and is used as a proxy for the return on cash deposits. The 30-day rate is calculated by compounding the daily SONIA rates throughout the previous 30-day period. The Fund will use the 3-year Benchmark as a lower threshold for the Fund's performance to match or exceed as it is representative of the return on cash deposits. The Fund will use the 5-year Benchmark as an upper threshold for its performance to match or exceed over any 5-year period as it is consistent with the level of risk the Fund takes. The Fund is actively managed, which means the Investment Manager has discretion over the selection of investments, subject to the investment objective and policies as disclosed in the Prospectus.

The Fund can invest more than 35% of net assets in different Transferable Securities and Money Market Instruments issued or guaranteed by any EEA State, its local authorities, a third country or public international bodies of which one or more EEA States are members.

Absolute Return

BNY Mellon Real Return Fund (Responsible)

Find out more
Objective: To achieve a rate of return in sterling terms that is equal to or above the return from cash (SONIA (30-day compounded)) + 4% per annum over five years before fees. In doing so, it aims to achieve a positive return on a rolling three year basis (meaning a period of three years, no matter which day you start on). However, capital is in fact at risk and there is no guarantee that this will be achieved over that, or any, time period.

Benchmark: The Fund will measure its performance before fees against two benchmarks: – 3-year Benchmark: Over 3-year periods the Fund measures its performance against the Sterling Overnight Index Average (SONIA), compounded over 30 days. – 5-year Benchmark: Over 5-year periods the Fund measures its performance against SONIA, compounded over 30 days, plus 4% per year. SONIA is the average interest rate banks pay to borrow pounds sterling overnight and is used as a proxy for the return on cash deposits. The 30-day rate is calculated by compounding the daily SONIA rates throughout the previous 30-day period. The Fund will use the 3-year Benchmark as a lower threshold for the Fund's performance to match or exceed as it is representative of the return on cash deposits. The Fund will use the 5-year Benchmark as an upper threshold for the Fund's performance to match or exceed over any 5-year period as it is consistent with the level of risk the Fund takes. The Fund is actively managed, which means the Investment Manager has discretion over the selection of investments, subject to the investment objective and policies as disclosed in the Prospectus.

The Fund can invest more than 35% of net assets in different Transferable Securities and Money Market Instruments issued or guaranteed by any EEA State, its local authorities, a third country or public international bodies of which one or more EEA States are members.

Absolute Return

BNY Mellon Global Dynamic Bond Fund

Find out more
Objective: To maximise the total return, comprising income and capital growth. The Fund is managed to seek a minimum return of cash (SONIA (30-day compounded)) +2% per annum over five years before fees. In doing so, it aims to achieve a positive return on a rolling three year basis (meaning a period of three years, no matter which day you start on). However, a positive return is not guaranteed and a capital loss may occur.

Benchmark:The Fund will measure its performance before fees against two benchmarks: – 3-year Benchmark: Over 3-year periods the Fund measures its performance against the Sterling Overnight Index Average (SONIA), compounded over 30 days. – 5-year Benchmark: Over 5-year periods the Fund measures its performance against SONIA, compounded over 30 days, plus 2% per year. SONIA is the average interest rate banks pay to borrow pounds sterling overnight and is used as a proxy for the return on cash deposits. The 30-day rate is calculated by compounding the daily SONIA rates throughout the previous 30-day period. The Fund will use the 3-year Benchmark as a lower threshold for the Fund's performance to match or exceed as it is representative of the return on cash deposits. The Fund uses the 5-year Benchmark as an upper threshold for its performance to match or exceed over any 5- year period as it is consistent with the level of risk the Fund takes. The Fund is actively managed, which means the Investment Manager has discretion over the selection of investments, subject to the investment objective and policies disclosed in the Prospectus.

The Fund can invest more than 35% of net assets in different Transferable Securities and Money Market Instruments issued or guaranteed by any EEA State, its local authorities, a third country or public international bodies of which one or more EEA States are members.

Absolute Return

BNY Mellon Global Dynamic Bond Fund (Responsible)

Find out more
Objective: To achieve income and capital growth over the medium term (3-5 years). The Fund is managed to seek a minimum return of cash (SONIA (30-day compounded)) +2% per annum over five years before fees. In doing so, it aims to achieve a positive return on a rolling three year basis (meaning a period of three years, no matter which day you start on). However, a positive return is not guaranteed and a capital loss may occur.

Benchmark: The Fund will measure its performance before fees against two benchmarks: – 3-year Benchmark: Over 3-year periods the Fund measures its performance against the Sterling Overnight Index Average (SONIA), compounded over 30 days. – 5-year Benchmark: Over 5-year periods the Fund measures its performance against SONIA, compounded over 30 days, plus 2% per year. SONIA is the average interest rate banks pay to borrow pounds sterling overnight and is used as a proxy for the return on cash deposits. The 30-day rate is calculated by compounding the daily SONIA rates throughout the previous 30-day period. The Fund will use the 3-year Benchmark as a lower threshold for the Fund's performance to match or exceed as it is representative of the return on cash deposits. The Fund uses the 5-year Benchmark as an upper threshold for its performance to match or exceed over any 5- year period as it is consistent with the level of risk the Fund takes. The Fund is actively managed, which means the Investment Manager has discretion over the selection of investments, subject to the investment objective and policies disclosed in the Prospectus.

The Fund can invest more than 35% of net assets in different Transferable Securities and Money Market Instruments issued or guaranteed by any EEA State, its local authorities, a third country or public international bodies of which one or more EEA States are members.

Risk Managed

BNY Mellon FutureLegacy 3 Fund

Find out more

Objective: To achieve capital growth and potential for income over the long term (5 years or more) while being managed to a pre-defined level of risk. The Fund will aim to maintain a risk profile classification of 3 from a scale of 1 (lowest) to 10 (highest) which is assessed against the risk ratings scale provided by an external third-party risk rating agency.

Benchmark: The Fund is actively managed without benchmark related constraints. The Fund will measure its performance against the Investment Association's Mixed Investment 0-35% Shares NR Sector Average as a comparator benchmark (the "Benchmark"). The Fund will use the Benchmark as an appropriate comparator because it includes a broad representation of funds with levels of equity and bond exposure similar to those of the Fund.

The Fund can invest more than 35% of net assets in different Transferable Securities and Money Market Instruments issued or guaranteed by any EEA State, its local authorities, a third country or public international bodies of which one or more EEA States are members.

Risk Managed

BNY Mellon FutureLegacy 4 Fund

Find out more
Objective: To achieve capital growth and potential for income over the long term (5 years or more) while being managed to a pre-defined level of risk. The Fund will aim to maintain a risk profile classification of 4 from a scale of 1 (lowest) to 10 (highest) which is assessed against the riskratings scale provided by an external third-party risk rating agency.

Benchmark: The Fund is actively managed without benchmark related constraints. The Fund will measure its performance against the Investment Association's Mixed Investment 20-60% Shares NR Sector Average as a comparator benchmark (the "Benchmark"). The Fund will use the Benchmark as an appropriate comparator because it includes a broad representation of funds with levels of equity and bond exposure similar to those of the Fund.

The Fund can invest more than 35% of net assets in different Transferable Securities and Money Market Instruments issued or guaranteed by any EEA State, its local authorities, a third country or public international bodies of which one or more EEA States are members.

Risk Managed

BNY Mellon FutureLegacy 5 Fund

Find out more
Objective: To achieve capital growth and potential for income over the long term (5 years or more) while being managed to a pre-defined level of risk. The Fund will aim to maintain a risk profile classification of 5 from a scale of 1 (lowest) to 10 (highest) which is assessed against the riskratings scale provided by an external third-party risk rating agency.

Benchmark: The Fund is actively managed without benchmark related constraints. The Fund will measure its performance against the Investment Association's Mixed Investment 40-85% Shares NR Sector Average as a comparator benchmark (the "Benchmark"). The Fund will use the Benchmark as an appropriate comparator because it includes a broad representation of funds with levels of equity and bond exposure similar to those of the Fund.

The Fund can invest more than 35% of net assets in different Transferable Securities and Money Market Instruments issued or guaranteed by any EEA State, its local authorities, a third country or public international bodies of which one or more EEA States are members.

Risk Managed

BNY Mellon FutureLegacy 6 Fund

Find out more

Objective: To achieve capital growth and potential for income over the long term (5 years or more) while being managed to a pre-defined level of risk. The Fund will aim to maintain a risk profile classification of 6 from a scale of 1 (lowest) to 10 (highest) which is assessed against the riskratings scale provided by an external third-party risk rating agency.

Benchmark: The Fund is actively managed without benchmark related constraints. The Fund will measure its performance against the Investment Association's Mixed Investment 40-85% Shares NR Sector Average as a comparator benchmark (the "Benchmark"). The Fund will use the Benchmark as an appropriate comparator because it includes a broad representation of funds with levels of equity and bond exposure similar to those of the Fund.

The Fund can invest more than 35% of net assets in different Transferable Securities and Money Market Instruments issued or guaranteed by any EEA State, its local authorities, a third country or public international bodies of which one or more EEA States are members.

Risk Managed

BNY Mellon FutureLegacy 7 Fund

Find out more

Objective: To achieve capital growth and potential for income over the long term (5 years or more) while being managed to a pre-defined level of risk. The Fund will aim to maintain a risk profile classification of 7 from a scale of 1 (lowest) to 10 (highest) which is assessed against the riskratings scale provided by an external third-party risk rating agency.

Benchmark: The Fund is actively managed without benchmarkrelated constraints. The Fund will measure its performance against the Investment Association's Flexible Investment NR Sector Average as a comparator benchmark (the "Benchmark"). The Fund will use the Benchmark as an appropriate comparator because it includes a broad representation of funds with levels of equity and bond exposure similar to those of the Fund.

The Fund can invest more than 35% of net assets in different Transferable Securities and Money Market Instruments issued or guaranteed by any EEA State, its local authorities, a third country or public international bodies of which one or more EEA States are members.

circle

Team Member

Position

Newton is a founding supporter of the charity The Centre for Financial Capability, and is a founding member of its ground-breaking collaborative project KickStart Money, which aims to take financial education to almost 20,000 UK primary school children, catalysing a movement to build a savings culture for the future.

Risk Managed

BNY Mellon FutureLegacy 4 Fund

Find out more
Objective: To achieve capital growth and potential for income over the long term (5 years or more) while being managed to a pre-defined level of risk. The Fund will aim to maintain a risk profile classification of 4 from a scale of 1 (lowest) to 10 (highest) which is assessed against the risk ratings scale provided by an external third-party risk rating agency.
Benchmark: The Fund is actively managed without benchmark related constraints. The Fund will measure its performance against the Investment Association's Mixed Investment 20-60% Shares NR Sector Average as a comparator benchmark (the "Benchmark"). The Fund will use the Benchmark as an appropriate comparator because it includes a broad representation of funds with levels of equity and bond exposure similar to those of the Fund.

KEY RISKS APPLICABLE TO ALL FUNDS:


Bond Connect risk: The Fund may invest in China interbank bond market through connection between the related Mainland and Hong Kong financial infrastructure institutions. These may be subject to regulatory changes, settlement risk and quota limitations. An operational constraint such as a suspension in trading could negatively affect the Fund's ability to achieve its investment objective. 

CoCo's Risk (Contigent Convertible Bonds): Contingent Convertible Securities (CoCo's) convert from debt to equity when the issuer's capital drops below a pre-defined level. This may result in the security converting into equities at a discounted share price, the value of the security being written down, temporarily or permanently, and/or coupon payments ceasing or being deferred. 

Counterparty Risk: The insolvency of any institutions providing services such as custody of assets or acting as a counterparty to derivatives or other contractual arrangements, may expose the Fund to financial loss. 

Credit Ratings and Unrated Securities Risk: Bonds with a low credit rating or unrated bonds have a greater risk of default. These investments may negatively affect the value of the Fund. 

Credit Risk: The issuer of a security held by the Fund may not pay income or repay capital to the Fund when due. 

Currency Risk: This Fund invests in international markets: This Fund invests in international markets which means it is exposed to changes in currency rates which could affect the value of the Fund. 

Derivatives Risk: Derivatives are highly sensitive to changes in the value of the asset from which their value is derived. A small movement in the value of the underlying asset can cause a large movement in the value of the derivative. This can increase the sizes of losses and gains, causing the value of your investment to fluctuate. When using derivatives, the Fund can lose significantly more than the amount it has invested in derivatives. 

Emerging Markets Risk: Emerging Markets have additional risks due to less-developed market practices. 

Objective/Performance Risk: There is no guarantee that the Fund will achieve its objectives.
 

KEY RISKS APPLICABLE TO BNY MELLON GLOBAL DYNAMIC BOND FUND, BNY MELLON GLOBAL DYNAMIC BOND FUND (RESPONSIBLE), BNY MELLON MULTI-ASSET DIVERSIFIED RETURN FUND, BNY MELLON MULTI-ASSET INCOME FUND, BNY MELLON REAL RETURN FUND, BNY MELLON REAL RETURN FUND (RESPONSIBLE):

Performance Aim Risk: The performance aim is not a guarantee, may not be achieved and a capital loss may occur: The performance aim is not a guarantee, may not be achieved and a capital loss may occur. Funds which have a higher performance aim generally take more risk to achieve this and so have a greater potential for returns to vary significantly.

KEY RISKS APPLICABLE TO BNY MELLON MULTI-ASSET INCOME FUND, BNY MELLON MULTI-ASSET DIVERSIFIED RETURN FUND, BNY MELLON REAL RETURN FUND, BNY MELLON REAL RETURN FUND (RESPONSIBLE):

Infrastructure Investments Risk: Investment in Infrastructure Companies Risk: The value of investments in Infrastructure Companies may be negatively impacted by changes in the regulatory, economic or political environment in which they operate.

KEY RISKS APPLICABLE TO BNY MELLON GLOBAL DYNAMIC BOND FUND, BNY MELLON GLOBAL DYNAMIC BOND FUND (RESPONSIBLE), BNY MELLON MULTI-ASSET DIVERSIFIED RETURN FUND, BNY MELLON MULTI-ASSET GROWTH FUND, BNY MELLON MULTI-ASSET INCOME FUND, BNY MELLON MULTI-ASSET MODERATE FUND, BNY MELLON REAL RETURN FUND, BNY MELLON REAL RETURN FUND (RESPONSIBLE), BNY MELLON FUTURELEGACY 3 FUND, BNY MELLON FUTURELEGACY 4 FUND, BNY MELLON FUTURELEGACY 5 FUND, BNY MELLON FUTURELEGACY 6 FUND, BNY MELLON FUTURELEGACY 7 FUND:

Changes in Interest Rates & Inflation Risk: Investments in bonds/money market securities are affected by interest rates and inflation trends which may negatively affect the value of the Fund.

KEY RISKS APPLICABLE TO BNY MELLON REAL RETURN FUND (RESPONSIBLE), BNY MELLON GLOBAL DYNAMIC BOND FUND (RESPONSIBLE), BNY MELLON FUTURELEGACY 3 FUND, BNY MELLON FUTURELEGACY 4 FUND, BNY MELLON FUTURELEGACY 5 FUND, BNY MELLON FUTURELEGACY 6 FUND, BNY MELLON FUTURELEGACY 7 FUND:

Responsible Investing Risk: The investment policy for this Fund places restrictions on its exposure to certain sectors or types of investments to reflect its responsible investing approach. The Fund's performance may be negatively impacted due to these restrictions in comparison to funds which do not have these restrictions. The Fund will not engage in securities lending activities and, therefore, may forego any additional returns that may be produced through such activities.

KEY RISKS APPLICABLE TO BNY MELLON MULTI-ASSET BALANCED FUND, BNY MELLON MULTI-ASSET INCOME FUND, BNY MELLON REAL RETURN FUND, BNY MELLON REAL RETURN FUND (RESPONSIBLE), BNY MELLON GLOBAL DYNAMIC BOND FUND, BNY MELLON GLOBAL DYNAMIC BOND FUND (RESPONSIBLE):

Charges to Capital Risk: The Fund takes its charges from the capital of the Fund. Investors should be aware that this has the effect of lowering the capital value of your investment and limiting the potential for future capital growth. On redemption, you may not receive back the full amount you initially invested.

KEY RISKS APPLICABLE TO BNY MELLON MULTI-ASSET BALANCED FUND, BNY MELLON MULTI-ASSET GROWTH FUND, BNY MELLON MULTI-ASSET MODERATE FUND, BNY MELLON MULTI-ASSET DIVERSIFIED RETURN FUND, BNY MELLON MULTI-ASSET INCOME FUND, BNY MELLON REAL RETURN FUND, BNY MELLON REAL RETURN FUND (RESPONSIBLE):

Stock Connect Risk: The Fund may invest in China A shares through Stock Connect programmes. These may be subject to regulatory changes and quota limitations. An operational constraint such as a suspension in trading could negatively affect the Fund's ability to achieve its investment objective.

KEY RISKS APPLICABLE TO BNY MELLON MULTI-ASSET MODERATE FUND, BNY MELLON FUTURELEGACY 3 FUND, BNY MELLON FUTURELEGACY 4 FUND, BNY MELLON FUTURELEGACY 5 FUND, BNY MELLON FUTURELEGACY 6 FUND, BNY MELLON FUTURELEGACY 7 FUND:

Share Class Currency Risk - (Different share class currency, i.e. not hedged share classes): Where a share class is denominated in a different currency from the base currency of the Fund, changes in the exchange rate between the share class currency and the base currency may affect the value of your investment. 

Volcker Rule Risk: The Bank of New York Mellon Corporation or one of its affiliates ("BNYM") has invested in the Fund. As a result of restrictions under the "Volcker Rule," which has been adopted by U.S. Regulators, BNYM must reduce its shareholding percentage so that it constitutes less than 25% of the Fund within, generally, three years of the Fund's establishment (which starts when the Fund's manager begins making investments for the Fund). Risks may include: BNYM may initially own a proportionately larger percentage of the Fund, and any mandatory reductions may increase Fund portfolio turnover rates, resulting in increased costs, expenses and taxes. Details of BNYM's investment in the Fund are available upon request.

KEY RISKS APPLICABLE TO BNY MELLON GLOBAL DYNAMIC BOND FUND (RESPONSIBLE):

Geographic Concentration Risk: Where the Fund invests significantly in a single market, this may have a material impact on the value of the Fund.

KEY RISKS APPLICABLE TO BNY MELLON MULTI-ASSET INCOME FUND:

High Yield companies risk: Companies with high-dividend rates are at a greater risk of not being able to meet these payments and are more sensitive to interest rate risk.

KEY RISKS APPLICABLE TO BNY MELLON REAL RETURN FUND:

Liquidity Risk: The Fund may not always find another party willing to purchase an asset that the Fund wants to sell which could impact the Fund's ability to sell the asset or to sell the asset at its current value.

Underpinning the Newton approach are three
key strengths:


Research Edge

The research team seek out the best ideas from around the world through focused security selection, utilising a long-term thematic approach to identify both opportunities and risks in the investment universe. Collaboration between analysts and portfolio managers ensures that the characteristics of potential ideas are aligned with client strategies and balance independent analysis together with the expertise and diversity of views and experiences across the house..


Decision-making Edge

Teams at Newton come together to make decisions quickly and decisively, facilitating this strength is the blending of skills to include both those that have worked together for a long time and those with newer perspectives.  Decision making accountability is central to this strength requiring teams to share ideas across desks to seek-out different views gaining both self and market awareness.


Responsible Investment Edge

The integration of environmental, social and governance (ESG) analysis into research and portfolio management provides the portfolio managers with specialist resource for deep dives, engagement and stewardship.  This dedicated resource enables analysts and portfolio managers access to thorough evaluation of ESG issues both at the point of security selection as well as ongoing monitoring.

1Investment decisions are not solely based on environmental, social and governance (ESG) factors and other attributes of an investment may outweigh ESG considerations when making decisions. The way that material ESG factors are assessed may vary depending on the asset class and strategy involved and ESG factors may not be considered for all investments.



Newton AUM by investment team


As at 31 December 2025



Notes: 1Excludes £8.6bn of Multi-Asset Solutions assets managed by Newton Investment Management North America LLC (‘NIMNA’).

Source: Newton, 31 December 2025. Newton global assets under management (AUM) is the combined total assets under management of Newton Investment Management Limited (‘NIM’) and Newton Investment Management North America LLC (‘NIMNA’) as calculated as at 31 December 2025. In addition, Newton’s global AUM includes assets of bank-maintained collective investment funds for which Newton has been appointed sub-advisor or in limited instances, where Newton personnel act as dual officers of affiliated companies. The AUM includes assets under advisement (AUA) for a model of securities that the Firm does not arrange or effect the purchase or sale of securities.

Newton Investment Team

Paul Flood

Head of Mixed Assets Investment

Paul is Head of Mixed Assets Investment at Newton. He is also lead manager of the Newton Multi-Asset Diversified Return strategy, the Newton Multi-Asset Income strategy and the Newton Multi-Asset Growth strategy. He also provides leadership and analysis on asset allocation, derivatives and convertible bonds for the wider firm, having spent the earlier part of his career working on strategic asset allocation and derivative strategy. Paul is responsible for generating ideas within alternative assets and has been leading in this area since 2008. He is a member of the macro allocation group and provides feedback to the wider house on strategic and tactical asset allocation.


Paul joined Newton in 2004. He is a CFA charterholder and has completed the certificate in quantitative finance (CQF) after passing with distinction. Paul studied Astrophysics at the University of St Andrews and is a keen cyclist and runner, having recently cycled the length of the UK from Land’s End to John O’Groats and often participates in marathons.
Read More

Ella Hoxha

Head of Fixed-Income

Ella is head of the fixed-income team. Ella joined Newton in July 2023 and has 20 years’ experience in managing a variety of fixed-income portfolios. Ella was previously a senior investment manager at Pictet Asset Management on the global bonds team. Prior to that, Ella held investment management positions at Wellington Management and Invesco Asset Management. 

Ella was recognised as one of the 50 leading women in hedge funds for 2019 and is an active advocate of developing and nurturing diverse talent in the industry.

Ella is currently studying for an Executive MBA at the University of Cambridge. She holds a MSc in International Finance from the University of Westminster and a BA Hons degree in Business Finance from Oxford Brookes University. In addition, she is a CFA charterholder. 
Read More

Hilary Meades

Head of Charities Investment

Hilary looks after a range of charity clients including educational, religious, medical and social charities. She has a wealth of experience in the fund management industry, having worked at James Capel and Charterhouse Bank before joining Newton following the acquisition of Capital House.


Joined Newton: 1982
Joined industry: 1977
Read More


Newton Research Team:

All the portfolio management teams are supported by the Newton Multidimensional Research Team which consists of 48 investment professionals as at at 31 December 2025 (some of whom combine research and portfolio management roles). The research platform blends thematic, fundamental, macroeconomic, geopolitical, regional, quantitative, accounting, private markets and investigative research that takes material ESG risks, opportunities and issues into account (where relevant) to give Newton Investment Management the widest perspective on the investment landscape.

Articles

View all stories
arrow_forward
The five building blocks of asset-backed securities
Fixed Income
The five building blocks of asset-backed securities

Fixed income investors are dealing with a choppy, data driven market with rate volatility, inflation uncertainty and mixed growth signals. These dynamics make traditional bonds more sensitive to duration and credit spreads, while tighter lending and sector specific risks continue to add pressure.

Why fixed income now demands an institutional mindset
Article | Fixed Income
Why fixed income now demands an institutional mindset

In today’s markets, institutional-grade strategies are essential to unlock fixed income’s potential to deliver equity-like returns while diversifying risk, writes BNY Investments head of EMEA distribution, Gerald Rehn.

Focus on the Responsible Horizons EM Debt Impact Fund
Article | Fixed Income
Focus on the Responsible Horizons EM Debt Impact Fund

Three years on from the launch of the Responsible Horizons EM Debt Impact Fund, portfolio managers Rodica Glavan and Fabien Collado answer questions about the Fund’s approach and what it offers to investors.

The emerging markets renaissance
Article | Fixed Income
The emerging markets renaissance

AI, resilient trade and a weaker dollar are turning heads towards the countries driving global growth. Emerging economies haven’t looked this promising in years.

3206169 Expiry: 31 March 2027

Gathering data
Disclaimer Not Available

This is a marketing communication

close
You are about to leave this site. This link directs you to a third-party website. BNY and it's affiliates accepts no responsibility for the content on third-party sites or for the services provided. Also, please be aware that when you use services provided by a third-party site, you're subject to that site's terms of service and privacy policy rules (i.e., sharing of personal information), which you should review carefully before proceeding.
Leave Stay