Nov 13, 2019
NEW YORK, Nov. 13, 2019 /PRNewswire/ -- The BNY Mellon U.S. Master Trust Universe returned a median +1.09% in the third quarter of 2019, continuing the trend of positive quarterly performance seen in the first and second quarters respectively.
The BNY Mellon U.S. Master Trust Universe offers peer comparisons of performance by plan type and size. It consists of 502 corporate, foundation, endowment, public, Taft-Hartley, and health care plans with a total market value of more than $2.2 trillion and an average plan size of over $7.2 billion. In aggregate, U.S. Master Trust Universe plans reported a one-year return of 5.91%, lagging its 3-year annualized return of +7.91% and 5-year annualized return of +5.94%.
For the fourth quarter in a row, corporate plans outperformed, as public market investment allocations continued to outperform allocations to alternatives. Endowment performance continued to lag other plan types due to having the largest allocation to alternatives.
"Corporate pensions have more long duration fixed income than other types of investors as a result of their pension obligations. This quarter, the corporate pension fixed income assets outperformed the total universe fixed income composites by over 200 bps. Corporate pensions also benefited from relatively higher allocations to US equities relative to non-U.S. equities," said Frances Barney, CFA, Head of Global Risk Solutions at BNY Mellon.
Additional Q3 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. 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, 2019
Master Trust Total Fund
Health Care Plans
*All returns are posted gross of fee results.
BNY Mellon Asset Allocation Medians of those invested by Asset Class
Period Ending September 30, 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 Sept. 30, 2019, BNY Mellon had $35.8 trillion in assets under custody and/or administration, and $1.9 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