BNYM Newton Small Mid Cap Growth Strategy

Strategy Inception Date: May 1, 2020. Composite Inception Date: April 1, 2003.

Sources: BNYMSC and FactSet.

Past performance is no guarantee of future results. Current performance may be lower or higher than the performance quoted. No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment.

Please note that the Strategy performance shown represents the performance of the BNYM Newton Small Mid Cap Growth Composite (inception: 5/1/2020) created by BNY Mellon Securities Corporation (“BNYMSC”). Net returns assume the reinvestment of dividends. Through September 30, 2021, net of fees performance is shown using a fee of 3%, which is the historic industry standard highest fee in the wrap account industry. As of October 1, 2021, net of fees performance is shown using a fee of 2.86%, which is the highest annual advisory fee for the strategy. “Pure” gross-of-fees returns are supplemental to net-of-fees returns and do not reflect the deduction of wrap fee portfolio program fees. If fees were included, returns would have been lower.

Download the Most Recent BNYM Newton Small Mid Cap Growth Composite GIPS Performance Report for all GIPS Disclosures.

Since the strategy only has short-term performance, also provided is Institutional Composite performance as supplemental information.

The US Small Mid Cap Growth Equity Composite (“Institutional Composite”) is being shown as representative of the BNYM Newton Small Mid Cap Growth Strategy (“SMA Strategy”). The Institutional Composite is managed by the same investment team using a substantially similar investment process that is used for the SMA Strategy. The SMA Strategy is provided on both a discretionary and non-discretionary basis. The Institutional Composite performance presented is not the performance of the SMA Strategy, since BNYMSC did not manage any discretionary assets in the described SMA Strategy prior to April of 2020. The performance presented shows gross returns of the Institutional Composite and thus does not reflect BNYMSC’s investment management fees nor the fees charged by the sponsor of the applicable wrap fee investment program. Although BNY Mellon Securities Corporation, the SMA manager of record, believes that the Institutional Composite is representative of the SMA Strategy, there may be material differences between the Institutional Composite and the SMA Strategy. Net of fees performance is shown using a fee of 3%, which is the historical industry standard in the wrap account industry. Please note that this figure may double count certain transaction expenses that are embedded in the Institutional Composite’s gross of fees performance and in the model 3% wrap fee.

Download the Most Recent US Small Mid Cap Growth Equity Composite GIPS Performance Report for all GIPS Disclosures.

The Strategy and Composite's benchmark in the Russell 2500™ Growth Index. The Russell 2500™ Growth Index measures the performance of the small- to mid-cap growth segment of the U.S. equity universe. It includes those Russell 2500 companies with higher growth earning potential as defined by Russell's leading style methodology. The Russell 2500 Growth Index is constructed to provide a comprehensive and unbiased barometer of the small- to mid-cap growth market. The index is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true small- to mid-cap opportunity set and that the represented companies continue to reflect growth characteristics. Investors cannot invest directly in any index.