May 10, 2012
99% of plans in the black; second straight quarter of positive performance
BOSTON, May 10, 2012 — The median return of the BNY Mellon U.S. Master Trust Universe was 7.12% for the first quarter of 2012, marking the second consecutive quarter of positive returns. For the twelve months ending March 31, 2012, the median plan was up 4.33%.
With a market value of $2.29 trillion and an average plan size of $3.19 billion, the BNY Mellon U.S. Master Trust Universe is a fund-level tracking service that can be used to make peer comparisons of both performance and asset allocation results. The Universe consists of 719 corporate, foundation, endowment, public, Taft-Hartley and health care plans.
"Building on 2011's strong finish, all segments of the Universe posted appreciable returns for Q1, with public plans leading the way at 7.70%, followed by foundations which trailed by less than half a percent," said John Houser, vice president and manager of performance & risk analytics for BNY Mellon. "For the 12-month period, corporate pension plans far outpaced other segments with a return of 6.01%, getting a boost from their relative overweighting of U.S. fixed income holdings."
Highlights
The average asset allocation in the BNY Mellon U.S. Master Trust Universe for the first quarter was: U.S. equity 29%, U.S. fixed income 27%, non-U.S. equity 16%, non-U.S. fixed income 2%, real estate 2%, cash 2%, and alternatives/other 22%.
BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services. BNY Mellon Asset Servicing provides services through BNY Mellon and other related companies.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $26.6 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com or follow us on Twitter@BNYMellon.
BNY Mellon U.S. Master Trust Universe Median Plan Returns |
|||||
Period Ending March 31, 2012 |
|||||
Universe |
Number of Participants |
1Q 2012 |
One- Year |
Five- Years |
Ten- Years |
Master Trust Total Fund |
719 |
7.12 |
4.33 |
3.12 |
6.10 |
Corporate Plans |
245 |
7.00 |
6.01 |
3.54 |
6.35 |
Foundations |
86 |
7.24 |
3.06 |
2.80 |
6.11 |
Endowments |
89 |
6.88 |
3.66 |
3.13 |
6.34 |
Public Plans |
116 |
7.70 |
4.35 |
3.15 |
6.07 |
Taft-Hartley Plans |
78 |
7.19 |
4.81 |
2.78 |
5.24 |
Health Care Plans |
17 |
6.95 |
3.09 |
2.16 |
N/A |
Universe Custom Composite Benchmark |
7.53 |
6.43 |
3.85 |
5.72 |
BNY Mellon U.S. Master Trust Universe Median Allocations by Asset Class |
|||||
Period Ending March 31, 2012 |
|||||
Asset Class |
Q1 2012 |
Q4 2011 |
One Year Ago |
Three Years Ago |
Five Years Ago |
U.S. equity |
29% |
29% |
33% |
30% |
38% |
U.S. fixed income |
27% |
29% |
26% |
31% |
23% |
Non-U.S. equity |
16% |
15% |
17% |
15% |
21% |
Non-U.S. fixed income |
2% |
2% |
2% |
1% |
1% |
Real estate |
2% |
2% |
2% |
2% |
2% |
Cash |
2% |
2% |
1% |
2% |
1% |
Alternatives/Other |
22% |
21% |
19% |
19% |
14% |
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 2012. This data is provided by Barclays Bank PLC all rights are reserved.
Citigroup Non-US World Government Bond Index: © Citigroup Global Markets Inc., 2012. All rights reserved.