May 15, 2019
NEW YORK, May 15, 2019 /PRNewswire/ -- The BNY Mellon U.S. Master Trust Universe returned a median +7.63% in the first quarter of 2019, returning to positive performance after negative performance for the prior quarter.
The BNY Mellon U.S. Master Trust Universe offers peer comparisons of performance by plan type and size. It consists of 514 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 $6.9 billion. In aggregate, U.S. Master Trust Universe plans reported a one-year return of 4.17%, lagging its 3-year annualized return of +8.25% and 5-year annualized return of +6.00%.
Continuing the trend from 4th quarter 2018, corporate plans outperformed, due to lower alternative asset allocations than other plan types. Endowments underperformed due to having the largest allocation to alternatives versus their peers.
"Corporate Plans tend to have lower allocations to alternative investments, consistent with their preference to maintain higher liquidity than other plan types. This quarter, Corporate Plans underweighted alternative investments at 13% versus 23% for the Master Trust Universe as a whole. During a period when traditional investments outperformed alternatives, Corporate Plans benefited from their higher allocations to public markets than their peers," said Frances Barney, CFA, Head of Global Risk Solutions at BNY Mellon.
Additional Q4 Highlights
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. 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 March 31, 2019
Master Trust Total Fund
Health Care Plans
*All returns are posted gross of fee results.
BNY Mellon U.S. Asset Allocation Medians of those invested by Asset Class
Period Ending March 31, 2019
One Year Ago
Three Years Ago
Five Years Ago
US Fixed Income
Global Fixed Income
Non-US Fixed Income
TIPS/Inflation Linked Bonds
Other Real Assets
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 management and investment services in 35 countries. As of March 31, 2019, BNY Mellon had $34.5 trillion in assets under custody and/or administration, and $1.8 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
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SOURCE BNY Mellon