Median Total Master Trust Return Continues Positive Performance for Fourth Straight Quarter in Q4 2019 According to BNY Mellon U.S. Master Trust Universe/BNY Mellon Asset Strategy View®
The BNY Mellon
Public Plans were the highest performing plan type for the quarter, benefitting from their higher allocations to equity than other plan types. Corporate plans underperformed other plan types as performance in fixed income investments trailed equity market performance for the quarter.
"To enhance their funded status, Public Plans tend to allocate more assets to return seeking investments, such as public market equities. This quarter, global equities overweighted their peers by 8%. This overweight resulted in Public Plans being the top performing plan type with Non-
Additional Q4 Highlights
- Less than 2% of plans posted negative results during the quarter
- Public Plans saw the highest median return (+5.16%), followed by Foundations (+5.14%)
U.S. equities posted a quarterly median return of +8.70%, versus the Russell 3000 Index return of +9.10%. Non-U.S. equities saw a median return of +9.31%, compared to the FTSE Developed exU.S. Net Index result of +8.23%.U.S. fixed income had a median return of +0.45%, versus the Barclays CapitalU.S. Aggregate Bond Index return of +0.18%. Non-U.S. fixed income had a median return of +3.73%, versus the FTSE World Government Bond Non-US Index return of -0.07%. Real estate had a median return of +1.74%, versus the NCREIF Property Index result of +1.55%.
BNY Mellon
BNY Mellon |
|||||
Universe |
Number of |
4Q |
One- Year |
Five- |
Ten- |
|
521 |
4.48 |
17.61 |
6.94 |
8.17 |
Corporate Plans |
226 |
3.49 |
19.73 |
7.19 |
8.59 |
Foundations |
78 |
5.14 |
16.59 |
6.47 |
7.65 |
Endowments |
66 |
4.86 |
15.89 |
6.61 |
7.74 |
Public Plans |
90 |
5.16 |
17.78 |
7.19 |
8.45 |
Taft-Hartley Plans |
28 |
4.80 |
16.59 |
6.54 |
7.79 |
Health Care Plans |
19 |
3.47 |
15.88 |
6.30 |
* |
All returns are posted gross of fee results. |
BNY Mellon Asset Allocation Medians of those invested by Asset Class |
||||
Asset Class |
Q4 2019 |
One Year Ago |
Three Years |
Five Years Ago |
US Equity |
21% |
21% |
23% |
24% |
Non-US Equity |
13% |
14% |
15% |
14% |
Global Equity |
6% |
5% |
5% |
5% |
US Fixed Income |
22% |
24% |
20% |
22% |
Global Fixed Income |
2% |
3% |
3% |
3% |
Non-US Fixed Income |
2% |
2% |
2% |
2% |
TIPS/Inflation Linked Bonds |
3% |
4% |
3% |
3% |
Real Estate |
5% |
5% |
5% |
5% |
Private Equity |
9% |
9% |
8% |
9% |
Other Real Assets |
2% |
2% |
3% |
3% |
Hedge Funds |
12% |
13% |
14% |
15% |
Cash |
1% |
1% |
1% |
2% |
About
Barclays Capital
© 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 "
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SOURCE BNY Mellon Asset Servicing
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