IN THIS ISSUE

Announcements

Investor Analytics wins Risk Magazine's 'Software Product of the Year 2010' Award

In June 2009, we formed a strategic alliance with Investor Analytics (IA), a global leader in risk analysis and risk management solutions, to provide enterprise-wide risk analysis and reporting (Advanced Risk Analysis) to BNY Mellon clients worldwide. Through this new alliance, we offer tools to measure and manage investment risks across multiple asset classes, strategies and portfolios using state of the art risk analytics, calculations, portfolio stress testing, and historical scenario analysis.

Building on the success of this alliance, we are pleased to let you know that Investor Analytics is the recipient of Risk Magazine's, 'Software Product of the Year 2010' Award.

Risk Magazine cited IA's unique union of innovative quantitative models with behavioral economics, intuitive user interface, data management capabilities and very high customer satisfaction in its decision to select Investor Analytics. Among IA's differentiating capabilities are models developed by Dr. Andrew Lo, Harris & Harris Group professor of finance at the MIT Sloan School of Management. The integration of these approached has "raised the bar in the theory and practice of financial risk management," Dr. Lo told Risk.

We are excited to share this news with you. By partnering with industry leaders like Investor Analytics, we are committed to providing you with the most comprehensive and robust solutions, that will enhance your investment process.

Advanced Risk Analysis via Workbench

Our Advanced Risk Analysis product offering (provided by our strategic alliance with Investor Analytics) has been tightly integrated within Workbench, to provide you with reporting and on-line access to risk analysis capabilities. Most importantly, now you can include your risk analysis output with other Performance & Risk Analytics content (such as performance, analytics reporting) within a single workbook.

By extending the linkages between BNY Mellon Asset Servicing and Investor Analytics LLC to incorporate information delivery, we continue to build upon our relationship to provide you with risk management tools that can be accessed from a central point of contact.

Enhanced Analytics

We are pleased to share with you some new features of our core Analytics and Compliance Monitoring solutions that will be available to you during the coming months.

• Improved characteristic coverage on single payer credit default swaps, credit default indexes, futures options and short-term instruments.
• Upgraded models to better track interest rate sensitivity.
• Fixed income analytics coverage on instruments purchased intra-month.
• Moody's, Fitch, and S&P issue level rating coverage on short-term instruments including commercial paper, certificates of deposit and money markets.
• Moody's, Fitch, and S&P issuer and counter party credit ratings will be available to assist in the monitoring of credit exposures.
• Enhanced issuer coverage levels by incorporating the complex relationships between security identifiers, base issuers, affiliates and subsidiaries. This will assist in the monitoring of issuer exposures.

New Report Writers Features

New features and functionality are available to you through Report Writers, our web-based, report writing and query tool that helps you build customized reporting and ad-hoc analysis.

Currency Conversion (Summary Performance Report only)
Currency conversion will be offered in the Summary Performance report only. You will be able to select a single "Reporting Currency" and the report will be reflected in that currency. Reporting Currency will be available for the following columns:

• All Performance Returns
• Accrued Income
• Market Value (performance only)
• Market Value (3-month trailing Performance)
• Ex-post Risk Statistics
• Standard Deviations

Merrill Lynch Classification Schema
Merrill Lynch Classification Schema will be available in the Security Performance/Analytics reports. A subfolder will be added to the Sector/Industry Classification folder where users will be able to select four levels of the Merrill Lynch Index Sector Classification Schema including:

• Level 1 - Asset Class
• Level 2 - Group
• Level 3 - Category
• Level 4 - Sub-category