Integrated Solution

We seek to provide outstanding investment management services to our clients. Each client's investment portfolio is reflective of the stated goals and objectives for their defined benefit plan. We seek to outperform each plan's respective benchmark, and offer competitive products over virtually all asset classes and management styles.

Our investment portfolios utilize the products and strategies encompassed under BNY Mellon Asset Management, one of the largest asset managers in the world, with over $1.26 trillion* in assets under management. *(as of 12/31/11)

• BNY Mellon Asset Management is comprised of multiple investment subsidiaries that are collection of autonomous and institutionally-focused firms.
• Each firm has its own management and research teams. There is no "house view" or management style with which to adhere.
• The investment firms offer a spectrum of passive and active strategies in various forms, such as bank-sponsored collective funds and separate accounts.
• There are more than 275 investment strategies in aggregate, which allow us to ensure adequate diversification and risk management within investment portfolios.

Once a client's portfolio is implemented, we continue to monitor and evaluate performance and other metrics, to ensure we are meeting the defined objectives of the plan. Our review process includes individual portfolio review, as well as a review of the products and strategies within our investment universe. We initiate a multi-factor approach in our review. Our process for the selection, review and replacement of product managers aims to provide consistent, risk-controlled alpha generation.

• Investment philosophy
• Adherence to investment philosophy and process
• Consistency of portfolio/product style
• Knowledge and experience of the investment professionals; stability and depth of the investment team

• 3, 5, 10 year performance
• Performance versus Benchmark
• Performance versus Universe
• Review of risk-adjusted metrics, quality, and style
• Changes to the management team or investment strategy

We partner with our clients to develop a customized investment strategy based on their objectives, with an emphasis on risk management. Our Integrated Solution includes annual asset liability analyses, to help define the goals and objectives for plan management, and quantify the impact of a particular strategy. We consider an array of scenarios, and our forecasts focus on funded status, pension expense or income, and contribution requirements.

The goal of each analysis is to develop a customized strategic asset allocation. We invite you to explore our Risk Management page to better understand the comprehensive advisory work we perform for clients.

The BNY Mellon Integrated Solution includes traditional trust and custody services, enhanced by our award-winning asset servicing platforms.

BNY Mellon offers clients comprehensive custodial services, to aid in the management, administration and oversight of your defined benefit plan. BNY Mellon Asset Servicing is the largest custodian in the world, with $25.8 trillion* in assets under custody and administration.*(as of 12/31/11)

As one of the largest providers of benefit payment services, we provide a range of disbursement services and tax reporting. Our extensive capabilities and state-of-the-art benefit payment system offer many features that can streamline your benefit disbursement process.

Workbench is our web-based product for plan sponsors. It is an integrated website that includes a comprehensive, flexible reporting engine, and real-time access to data.