NEW YORK, Nov. 19, 2020 /PRNewswire/ -- The BNY Mellon U.S.
Master Trust Universe returned a median +4.92% in the third quarter
of 2020, building on the strong quarterly performance from the
second quarter.
The BNY Mellon U.S. Master Trust Universe offers peer
comparisons of performance by plan type and size. It consists of
457 corporate, foundation, endowment, public, Taft-Hartley, and
health care plans with a total market value of more than
$2.1 trillion and an average plan
size of over $7.0 billion. In
aggregate, U.S. Master Trust Universe plans reported a one-year
return of +8.10%, exceeding the 3-year annualized return of +6.70%
and trailing the 5-year annualized return of +8.20%
respectively.
Endowments were the highest performing plan type for the
quarter, benefitting from having the highest allocation to
Alternative Assets of any plan type. Corporate plans underperformed
other plan types; their allocation to U.S. fixed income investments
was the highest of all plan types. While U.S. Fixed Income was the
lowest performing asset class, all plan types returned to positive
performance year-to-date.
"According to BNY Mellon's Asset Strategy View, U.S. equity was
the highest performing asset class in the third quarter of 2020
while fixed income performance lagged. Endowment performance was
supported by the rebound in alternative asset performance from the
second quarter as well as an asset allocation underweight of 20% in
U.S. Fixed Income versus other plan types," said Frances Barney, CFA, Head of Global Risk
Solutions at BNY Mellon.
Additional Q3 Highlights
- Less than 1% of plans posted negative results during the
quarter
- Endowments saw the highest median return (+5.66%), followed by
Public Plans (+5.34%)
- U.S. equities posted a quarterly median return of +8.05%,
versus the Russell 3000 Index return of +9.21%. Non-U.S. equities
saw a median return of +6.77%, compared to the FTSE Developed ex
U.S. Net Index result of +5.49%. U.S. fixed income had a median
return of +1.50%, versus the Barclays Capital U.S. Aggregate Bond
Index return of +0.62%. Non-U.S. fixed income had a median return
of +3.16%, versus the FTSE World Government Bond Non-US Index
return of +4.59%. Real estate had a median return of +0.28%, versus
the NCREIF Property Index result of +0.74%.
BNY Mellon U.S. Master Trust Universe users are now able to take
advantage of BNY Mellon Asset Strategy View® as a
separate service for additional analysis. BNY Mellon Asset Strategy
View layers big data analytics onto detailed asset allocation,
performance, and cash flow data for the majority of the BNY Mellon
U.S. Master Trust Universe. It provides additional insight into
underlying market trends and investor activity.
BNY Mellon U.S. Master Trust Universe Median Plan
Returns*
Period Ending September 30,
2020
Universe
|
Number of
Participants
|
3Q
2020
|
One- Year
|
Five-
Years
|
Ten-
Years
|
Master Trust Total
Fund
|
457
|
4.92
|
8.10
|
8.20
|
7.83
|
Corporate Plans
|
188
|
4.03
|
9.18
|
8.96
|
8.40
|
Foundations
|
65
|
5.27
|
6.49
|
7.44
|
7.17
|
Endowments
|
62
|
5.66
|
6.84
|
7.40
|
7.27
|
Public Plans
|
87
|
5.34
|
7.08
|
8.14
|
7.95
|
Taft-Hartley Plans
|
23
|
4.79
|
6.96
|
7.46
|
7.32
|
Health Care Plans
|
15
|
2.72
|
5.84
|
7.33
|
-
|
*All returns are posted gross of fee results.
BNY Mellon Asset Allocation Medians of those invested by
Asset Class
Period Ending September 30,
2020
Asset
Class
|
Q3
2020
|
One Year
Ago
|
Three Years
Ago
|
Five Years
Ago
|
US Equity
|
20.28%
|
19.77%
|
22.57%
|
21.98%
|
Non-US
Equity
|
10.95%
|
12.82%
|
16.23%
|
14.52%
|
Global
Equity
|
5.30%
|
5.59%
|
6.12%
|
5.04%
|
US Fixed
Income
|
22.82%
|
23.32%
|
21.27%
|
22.57%
|
Global Fixed
Income
|
1.65%
|
2.42%
|
3.04%
|
3.71%
|
Non-US Fixed
Income
|
1.95%
|
2.05%
|
1.92%
|
1.93%
|
TIPS/Inflation Linked
Bonds
|
3.58%
|
3.35%
|
2.98%
|
3.74%
|
Real
Estate
|
5.33%
|
5.35%
|
4.85%
|
5.46%
|
Private
Equity
|
10.58%
|
9.32%
|
8.23%
|
9.25%
|
Other Real
Assets
|
2.15%
|
2.24%
|
2.65%
|
3.33%
|
Hedge
Funds
|
12.01%
|
12.93%
|
14.28%
|
15.26%
|
Cash
|
1.24%
|
1.19%
|
1.16%
|
1.60%
|
ABOUT BNY MELLON
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 and wealth management and investment
services in 35 countries. As of Sept. 30,
2020, BNY Mellon had $38.6
trillion in assets under custody and/or administration, and
$2.0 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). Additional
information is available on www.bnymellon.com. Follow us on Twitter
@BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for
the latest company news.
Barclays Capital U.S. Aggregate Bond Index
© Barclays Bank PLC 2016. This data is provided by
Barclays Bank PLC all rights are reserved.
FTSE Non-US World Government Bond, FTSE Developed x US Index,
Russell 3000 Index:
Source: London Stock Exchange Group plc and its group
undertakings (collectively, the "LSE Group"). © LSE Group 2019.
FTSE Russell is a trading name of certain of the LSE Group
companies. "FTSE®" "Russell®", are trade mark(s) of the relevant
LSE Group companies and is/are used by any other LSE Group company
under license. All rights in the FTSE Russell indexes or data vest
in the relevant LSE Group company which owns the index or the data.
Neither LSE Group nor its licensors accept any liability for any
errors or omissions in the indexes or data and no party may rely on
any indexes or data contained in this communication. No further
distribution of data from the LSE Group is permitted without the
relevant LSE Group company's express written
Contact:
Paul
Patella
BNY Mellon Asset Servicing
paul.patella@bnymellon.com
+1 212 635 1378
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SOURCE The Bank of New York Mellon Corporation; BNY Mellon Asset
Servicing