BNY Mellon U.S. Master Trust Universe Up 12.6% in 2012, Best Performance Since 2010
Median plan posts positive returns for three of four quarters in 2012
NEW YORK, February 11, 2013 — The median return of the BNY Mellon U.S. Master Trust Universe was 1.95% for the fourth quarter of 2012, driving up performance for the typical fund to 12.57% on a year-to-date basis, its best annual performance in two years. The median plan posted positive quarterly returns for three of four quarters in 2012.
With a market value of more than $2.2 trillion and an average plan size of $3.4 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 more than 649 corporate, foundation, endowment, public, Taft-Hartley and health care plans.
"For 2012, corporate plans came out on top with a median return of 13.4%, followed by public plans, driven by a 16.5% annual gain in U.S. equities, compared to 7.9% for U.S. fixed income," said John Houser, vice president and manager of performance & risk analytics for BNY Mellon. "For the fourth quarter, endowments showed the highest median return, followed closely by foundations. Both benefited from a relative underweighting of U.S. equities in the short term.
"Non-U.S. equities posted a 5.1% gain during the quarter, while real estate continued its recovery with Q4 results marking the twelfth straight quarter of positive returns. All asset classes were in the black for Q4," Houser added.
The average asset allocation in the BNY Mellon U.S. Master Trust Universe for the fourth quarter was: U.S. equity 26%, U.S. fixed income 28%, non-U.S. equity 16%, non-U.S. fixed income 2%, real estate 3%, cash 1%, and alternatives/other 24%.
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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 36 countries and more than 100 markets. As of December 31, 2012, BNY Mellon had $26.7 trillion in assets under custody and administration, and $1.4 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). Learn more at www.bnymellon.com, or follow us on Twitter @BNYMellon.
BNY Mellon U.S. Master Trust Universe Median Plan Returns*
*All returns are posted gross of fee results.
BNY Mellon U.S. Master Trust Universe Median Allocations by Asset Class
Period Ending December 31, 2012
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.