BNY Mellon Investment Management

Transcription

1 AN INTRODUCTION TO BNY Mellon Invetment Management Not FDIC-Inured. Not Bank-Guaranteed. May Loe Value.

2 About BNY Mellon BNY Mellon i a global invetment company dedicated to helping it client manage and ervice their financial aet throughout the invetment lifecycle. Whether providing financial ervice for intitution, corporation or individual invetor, BNY Mellon deliver informed invetment management and invetment ervice in 35 countrie. A of December 31, 2018, BNY Mellon had $33.1 trillion in aet under cutody and/or adminitration, and $1.7 trillion in aet under management. BNY Mellon can act a a ingle point of contact for client looking to create, trade, hold, manage, ervice, ditribute or retructure invetment. BNY Mellon i the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information i available on Follow u on or viit our newroom at newroom for the latet company new. We are BNY Mellon Invetment Management You Demand Expertie in All Aet Clae In an increaingly complex and uncertain environment, you need innovative invetment olution. Founded on the principle of independent thought, reearch and entrepreneurhip, we believe there i no other invetment management buine that ha BNY Mellon Invetment Management breadth and depth of product offering. We are dedicated to providing world-cla cutomer ervice to our client and their advior throughout their relationhip with u.

3 A Truted Global Leader At BNY Mellon Invetment Management, our goal i to build and manage invetment trategie that addre the ever-changing need of our client. It tart with our multiple, autonomou invetment firm world-cla invetment boutique repreenting a broad pectrum of ditinctive aet management tyle. Drawing on thi comprehenive range of invetment capabilitie, we collaborate with you to deliver our expertie, including tailored olution that are deigned to match your requirement. We manage aet for intitutional and individual invetor. We are the truted aet manager of choice for invetor globally. Our client include ome of the world larget penion fund and intitution, government and local authoritie, treaurie and family office. We are a leading provider of ub-adviory ervice and have trong partnerhip with financial intitution throughout the major global market. Our Invetment Boutique Great mind don t think alike: the power of independent thinking. Global ub-invetment grade debt aet management. Brazilian equity; long/hort; macro; corporate bond and fixed income trategie. Full array of money market fund and elect offhore liquidity fund. Leader in global fixed income, rik management olution and abolute return inveting. A global multi-pecialit invetment manager with a full pectrum of reearchdriven olution. Active manager of equity, bond, multi-aet, abolute-return, income and utainable olution within a global thematic framework. Multi-trategy private equity inveting, direct invetment and multi-manager fund. Global equity invetment management. Siguler Guff i a minority interet. BNY MELLON INVESTMENT MANAGEMENT 1

4 Global Sub-Invetment Grade Debt Aet Management Whether you need a global hedge fund, active currency rik management, U.S. large-cap equity trategy or an index provider, our independent invetment firm can provide aet management ervice that are reponive to your need London, New York and Boton Alcentra focue it invetment kill on the ub-invetment grade debt capital market in Europe and the U.S. Our objective i to deliver trong, rik-adjuted return that are le correlated, through a complementary uite of traditional and alternative credit trategie. In puruing thi objective, our invetment trategy and approach to credit election are baed on intenive fundamental reearch and credit analyi, combined with active portfolio management to minimize credit loe. The Alcentra Group refer to thee affiliated invetment advier: Alcentra Limited and Alcentra NY, LLC. Aet under management include aet managed by both companie. Alcentra Limited and Alcentra NY, LLC are regitered in the United State under the Invetment Advier Act of Alcentra Limited i alo authorized and regulated in the U.K. by the Financial Conduct Authority. The regitered addre i 160 Queen Victoria Street, London EC4V 4LA. 2 BNY MELLON INVESTMENT MANAGEMENT

5 Brazilian Equity; Long/Short; Macro; Corporate Bond and Fixed Income Strategie Full Array of Money Market Fund and Select Offhore Liquidity Fund LOCATION: Rio de Janeiro 2009 LOCATION: New York ARX offer acce to the expanding invetment opportunitie in the rapidly growing Brazilian marketplace. Our philoophy i baed on delivering trong rik-adjuted return with an emphai on capital preervation. The invetment proce combine fundamental bottom-up analyi with a detailed macro top-down overview and our invetment profeional have an etablihed track record of managing Brazilian invetment. Dreyfu Cah Invetment Strategie, a diviion of The Dreyfu Corporation, which wa founded in 1951, i one of the indutry leading intitutional manager of money market trategie. Each dometic 2a-7 1 and offhore dollar-denominated money market fund combine the trength of our tenured invetment management team, our fundamental credit reearch, and award-winning client ervice to deliver high-quality cah management olution to the intitutional marketplace. Dreyfu Cah Invetment Strategie i a diviion of The Dreyfu Corporation. ARX Invetimento Ltda. i a Brazilian invetment management company, regulated and authorized by the Brazilian Securitie and Exchange Commiion (CVM) to provide dicretionary invetment management ervice. ARX Invetimento Ltda. i alo regitered in the United State a an invetment advier under the Invetment Advier Act of ARX wa etablihed in early 2001 under the name ARX Capital Management; in January 2008 it wa acquired by BNY Mellon. 1 Dreyfu Mutual Fund are ditributed by MBSC Securitie Corporation, a regitered broker-dealer and FINRA member, and a wholly owned ubidiary of BNY Mellon. Dreyfu Mutual Fund are available only in the U.S. An invetment in a mutual fund, including any money market fund, i not a depoit of any bank and i not inured or guaranteed by any bank, the FDIC or any other governmental agency. Although a money market fund eek to preerve the value of your invetment at $1.00 per hare, it i poible to loe money by inveting in a money market fund. Yield fluctuate. Pat performance i no guarantee of future reult. BNY MELLON INVESTMENT MANAGEMENT 3

6 Leader in Global Fixed Income, Rik Management Solution and Abolute Return Inveting Global Multi-Specialit Invetment Manager With a Full Spectrum of Reearch-Driven Solution 2002 London, New York, Frankfurt, Sydney and Tokyo 1933 Boton, Pittburgh, San Francico, London 1, Singapore 1 and Hong Kong 1 Inight Invetment i one of Europe larget active manager. It ha had an expanding preence in the United State ince 2009 and heritage buinee with over 20 year of experience. Inight provide pecialit invetment expertie in core dicipline: rik management olution (including liabilitydriven invetment and currency rik management), fixed income, abolute return and uncontrained. Mellon i a global multi-pecialit invetment manager dedicated to erving our client with a full pectrum of reearch-driven olution. With root dating back to the 1800, Mellon ha been innovating acro aet clae for generation and ha the combined cale and capabilitie to offer client a broad range of ingle and multi-aet trategie. Inight Invetment ha a differentiated invetment platform which focue only on area where it believe it ha a clear invetment edge. It evolve contantly to meet the changing need of client. It ha a track record a a pioneer and innovator to develop cutomized olution baed on client outcome in an indutry overly focued on peer and indice. Working in partnerhip with client and their advier, Inight Invetment develop and deliver tate-of-the-art invetment olution that reflect the client objective, rik tolerance and time horizon. Inight ability to create bepoke and coteffective olution make it propoition compelling for a wide range of invetor, including penion plan, inurer, overeign wealth fund and individual. Invetment adviory ervice in North America are provided through two different invetment advier regitered with the Securitie and Exchange Commiion (SEC), uing the brand Inight Invetment: Inight North America LLC (INA) and Inight Invetment International Limited (IIIL). The North American invetment advier are aociated with other global invetment manager that alo (individually and collectively) ue the corporate brand Inight Invetment and may be referred to a Inight or Inight Invetment. Mellon wa formed on January 31, 2018, through the merger of The Boton Company and Standih into Mellon Capital. Effective January 2, 2019, the combined firm wa renamed Mellon Invetment Corporation. 1 Location of affiliated entitie providing ervice. 4 BNY MELLON INVESTMENT MANAGEMENT

7 Active Manager of Equity, Bond, Multi-Aet, Abolute- Return, Income and Sutainable Solution Within a Global Thematic Framework London and New York Multi-Strategy Private Equity Inveting, Direct Invetment and Multi-Manager Fund New York, Boton, Houton, London, Mocow, Shanghai, Tokyo, Seoul, Hong Kong, São Paulo and Mumbai (local affiliate) Newton i a London-baed global invetment houe with expertie in a range of dicipline, including global, regional and emerging-market equitie, global bond, and multi-aet trategie. It ha particular pecialization in abolute-return, income-focued, high-conviction and utainable inveting. We ue bottom-up ecurity election tied with a thematic framework to create and manage trategie that aim to help ecure our client future. Our global invetment theme are vital to u in providing crucial perpective on the invetment landcape. They identify key long-term force of tructural change, uch a changing demographic and a technological revolution, and give u a framework for reearch and debate. Our invetment manager are upported by career global reearch analyt who provide invetment idea baed on bottom-up fundamental reearch. Our invetment profeional work a part of a ingle invetment team, which promote perpective on the invetment landcape, trong idea generation and the wift implementation of invetment idea. We aim to optimize performance return for our client by inveting in well-managed companie. Our dedicated reponible invetment team i part of our global reearch team and an integral part of the invetment proce. The team conduct formal environmental, ocial and governance (ESG) quality review of all companie conidered for invetment. Headquartered in New York, Siguler Guff i a multi-trategy private equity invetment firm. We manage everal direct invetment private equity fund and multi-manager fund, each targeted at carefully defined area of market inefficiency. With more than 20 year of experience inveting a a firm in the private market, Siguler Guff eek to generate trong, rikadjuted return by focuing opportunitically on market niche. The firm core invetment trategie include ditreed and pecial ituation, ditreed real etate, mall buine and emerging market. Siguler Guff alo provide dicretionary private equity adviory ervice and manage a number of non-dicretionary eparate account. Siguler Guff invetment approach i value-oriented, driven by rik-adjuted outcome, and ha a heavy emphai on capital preervation. Each trategy i taffed independently and take advantage of our long hitory a a direct invetor to add value well beyond the reearch and election of manager. We believe that each partnerhip repreent an efficient and diverified opportunity for invetor to capture the high abolute return available within it repective market niche. Newton and/or the Newton Invetment Management brand refer to the following group of affiliated companie: Newton Invetment Management Limited, Newton Invetment Management (North America) Limited (NIMNA Ltd) and Newton Invetment Management (North America) LLC (NIMNA LLC). NIMNA LLC peronnel are upervied peron of NIMNA Ltd and NIMNA LLC doe not provide invetment advice, all of which i conducted by NIMNA Ltd. NIMNA LLC and NIMNA Ltd are the only Newton companie to offer ervice in the U.S. Newton i a wholly owned ubidiary of The Bank of New York Mellon Corporation. 1 Founded in 1991 within Paine Webber, Siguler Guff became an independent firm in BNY Mellon own a 20% interet in Siguler Guff & Company, LP and certain related entitie (including Siguler Guff Advier, LLC). BNY MELLON INVESTMENT MANAGEMENT 5

8 Global Equity Invetment Management 1983 LOCATION: Edinburgh Walter Scott wa etablihed in 1983 to offer global equity portfolio management to intitutional invetor around the world. Since inception, Walter Scott ha remained wholly committed to global equity inveting. Our core conviction i that over the long term, return to hareholder can only ever be a great a the wealth generated by the underlying buinee in which they are inveted. Our primary tak i therefore identifying thoe companie capable of utaining the highet rate of wealth generation. We do o uing original, fundamental reearch carried out by our own team acro an invetment univere that i unretricted by region, market ector or benchmark. Walter Scott truly global approach view the world a a ingle univere of opportunitie. It afford greater opportunity for economic and indutrial diverification through acce to ome of the world bet companie and allow invetment without bia among region, countrie and ector, taking advantage of the mot attractive valuation and propect for growth. Walter Scott & Partner Limited i regitered in the U.S. a an invetment advier under the Invetment Advier Act of Authorized and regulated in the U.K. by the Financial Conduct Authority. The regitered addre for Walter Scott & Partner Limited i One Charlotte Square, Edinburgh, EH2 4DR, Scotland. 6 BNY MELLON INVESTMENT MANAGEMENT

9 BNY Invetment Strategy & Solution Group BNY Mellon Fiduciary Solution Outcome-Oriented Solution Fiduciary and Multi-Aet Solution 2009 Boton, New York and London 1983 Boton, New York and Pittburgh BNY Invetment Strategy & Solution Group (ISSG) 1 deign, develop and manage aet allocation trategie to help client achieve their pecific invetment objective. We combine a multi-faceted approach to rik with a forwardlooking, long-term perpective on economic and market development to identify opportunitie while harneing the broad and deep expertie of a global network of pecialized invetment affiliate to deliver ophiticated invetment olution. BNY Mellon Fiduciary Solution i a leading outourced CIO (OCIO) providing intitutional invetor with fiduciary and multi-aet olution for over three decade. Uing BNY Mellon and unaffiliated manager, Fiduciary Solution help client develop an appropriate invetment trategy, elect invetment manager, provide overight/reporting and afeguard aet. A the invetment market become increaingly more complex, it can be difficult for mall and midized penion fund to tay on top of accelerating change. Fiduciary Solution OCIO ervice allow client to implify plan management, delegate activitie uch a rebalancing and cah management, and potentially reduce fee, all upported by robut and comprehenive proprietary reporting deigned to track progre againt client objective. Fiduciary Solution offer a flexible range of ervice from active to paive trategie, affiliated to unaffiliated invetment manager, partial to total plan management to create a tailored portfolio baed on the client goal, rik tolerance and preference. And becaue an OCIO can react ignificantly fater than a committee that might only meet on a quarterly bai, Fiduciary Solution can increae the nimblene of client portfolio, improve governance and trengthen rik management, all while potentially reducing management fee. Working with BNY Mellon, client gain one of the larget and highet-rated invetment manager in the world a a partner. 1 ISSG peronnel may offer product and ervice in their capacity a employee and officer of The Bank of New York Mellon (the Bank ), including invetment trategie that are developed by affiliated BNY Mellon invetment adviory firm and managed by officer of uch firm acting in their capacitie a dual officer of the Bank. BNY Mellon Fiduciary Solution i part of The Bank of New York Mellon Corporation. BNY MELLON INVESTMENT MANAGEMENT 7

10 North America Boton Lo Angele New York Philadelphia Pittburgh San Francico Toronto LATAM Rio de Janeiro Santiago São Paulo EMEA Amterdam Dubai Edinburgh Frankfurt London Luxembourg Madrid Milan Mocow Pari Stockholm Zurich APAC Beijing Hong Kong Mumbai Seoul Shanghai Singapore Sydney Tokyo ' ' ' ' ' Our Global Preence BNY Mellon Invetment Management bnymellonim.com The Alcentra Group alcentra.com ARX Invetimento Ltda. arxinvetimento.com.br Dreyfu Cah Invetment Strategie dreyfu.com Inight Invetment inightinvetment.com Mellon mellon.com Newton Invetment Management newtonim.com Siguler Guff & Company, LP igulerguff.com Walter Scott & Partner Limited waltercott.com 8 BNY MELLON INVESTMENT MANAGEMENT

11 Active Index/Enhanced Fund-of-Fund Equity Aia Pacific (Ex. Japan) Brazil Developed (Ex. U.S.) Emerging Market European Global Japan Real Etate Securitie (REIT) Smart Beta Equity Strategie U.K. U.S. Alcentra ARX Dreyfu CIS Inight Invetment Mellon Newton Invetment Management Siguler Guff Walter Scott Fixed Income Alternative Aia Pacific Cah Management (U.S., Euro, Sterling, Other) Convertible Bond Core/Core Plu Corporate Credit Direct Lending Emerging Market European Global Government/Sovereign Fixed Income High Yield Inflation-Linked Long Duration Mortgage Senior Secured Loan Short/Intermediate Duration Structured Credit/ABS Tax-Senitive U.K. U.S. Abolute Return Global Macro Hedge Fund Infratructure Market Neutral/Long-Short Mater Limited Partnerhip Multi-Strategy Natural Reource/Commoditie Portable Alpha Private Equity Private Real Etate Solution Balanced/Multi-Aet Cla Dynamic Hedge Strategie (CPPI) FX/Currency Management Liability-Driven Inveting Life Cycle/Target Date Overlay/Future/Swap Reponible Inveting Pleae note: Not all trategie may be available to all invetor in all market. BNY MELLON INVESTMENT MANAGEMENT 9

12 BNY Mellon Invetment Management i one of the world leading invetment management organization and one of the top U.S. wealth manager, encompaing BNY Mellon affiliated invetment management firm, wealth management organization and global ditribution companie. BNY Mellon i the corporate brand of The Bank of New York Mellon Corporation and may alo be ued a a generic term to reference the corporation a a whole or it variou ubidiarie. All invetment involve rik, including lo of principal. Certain invetment involve greater or unique rik that hould be conidered along with the objective, fee, and expene before inveting. Thi material ha been ditributed for informational purpoe only and hould not be conidered a invetment advice or a recommendation of any particular invetment, trategy, invetment manager or account arrangement. Information contained herein ha been obtained from ource believed to be reliable, but not guaranteed. Pleae conult a legal, tax or invetment advior in order to determine whether an invetment product or ervice i appropriate for a particular ituation. No part of thi material may be reproduced in any form, or referred to in any other publication, without expre written permiion. The Dreyfu Corporation and MBSC Securitie Corporation are companie of BNY Mellon MBSC Securitie Corporation, 240 Greenwich Street, 9th Floor, New York, NY MARK DRY-CAPBRO-1218A