fundsupermart.com...bny mellon global funds, plc (an umbrella fund with segregated liability between...

BNY MELLON GLOBAL FUNDS, PLC

(an umbrella fund with segregated liability between sub-funds)

BNY Mellon Global High Yield Bond Fund

BNY Mellon Global Opportunities Fund

BNY Mellon Long-Term Global Equity Fund

BNY Mellon Global Real Return Fund (USD)

BNY Mellon Global Real Return Fund (EUR)

BNY Mellon Global Equity Income Fund

BNY Mellon Global Dynamic Bond Fund

BNY Mellon Emerging Markets Corporate Debt Fund

BNY Mellon Global Emerging Markets Fund

BNY Mellon Japan Small Cap Equity Focus Fund

BNY Mellon Global Leaders Fund

BNY Mellon Global Credit Fund

BNY Mellon U.S. Equity Income Fund

BNY Mellon Global Short-Dated High Yield Bond Fund

BNY Mellon U.S. Municipal Infrastructure Debt Fund

BNY Mellon Emerging Markets Debt Total Return Fund

BNY Mellon Global Infrastructure Income Fund

BNY Mellon Mobility Innovation Fund

SINGAPORE PROSPECTUS

31 May 2021

This Singapore Prospectus incorporates and should be read in conjunction with the Irish prospectus dated 4 November 2020 (consolidated as of 17 May 2021) as may be amended or supplemented from time to time (the “Irish Prospectus”) relating to BNY Mellon Global Funds, plc (the “Company”).

The Company is an open-ended umbrella type investment company with variable capital incorporated with limited liability under the laws of Ireland (registered number 335837) and authorised by the Central Bank of Ireland pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (S.I. No. 352 of 2011), as amended.

The above eighteen sub-funds (“Sub-Funds”) have been recognised for retail distribution in Singapore under the SFA.

The Company has appointed BNY Mellon Investment Management Singapore Pte. Limited as its Singapore representative and agent for service of process in Singapore (details of which appear in Paragraphs 9 and 10 of this Singapore Prospectus).

This Singapore Prospectus is authorised for distribution only when accompanied by the Irish Prospectus. Please read this Singapore Prospectus and the Irish Prospectus for full information on the Sub-Funds.

i

Paragraph Page

1. Singapore Prospectus and Irish Prospectus................................................................ 1

2. Singapore Recognition of the Sub-Funds.................................................................... 2

3. Date of Registration ..................................................................................................... 2

4. The Company............................................................................................................... 2

5. The Sub-Funds ............................................................................................................ 2

6. Classes of Shares ........................................................................................................ 2

7. Disclaimers................................................................................................................. 14

8. Constitutive Documents ............................................................................................. 15

9. Singapore Representative and Registrar................................................................... 15

10. Singapore Directory ................................................................................................... 15

11. Manager, Investment Managers and Sub-Investment Manager ............................... 15

12. Custodian and Custodial Arrangements .................................................................... 20

13. Auditor ........................................................................................................................ 21

14. Investment Objective, Focus and Approach .............................................................. 22

15. Distribution Policy....................................................................................................... 38

16. Fees and Charges ..................................................................................................... 39

17. Risks .......................................................................................................................... 48

18. Subscription for Shares.............................................................................................. 49

19. Redemption of Shares ............................................................................................... 68

20. Switching or Conversion of Shares............................................................................ 70

21. Obtaining Price Information ....................................................................................... 70

22. Method of Valuation for the Sub-Funds’ Investments................................................ 70

23. Suspension of Dealings ............................................................................................. 71

24. Performance of Sub-Funds........................................................................................ 71

25. Soft Dollar Arrangements........................................................................................... 87

26. Conflicts of Interest .................................................................................................... 88

27. Reports....................................................................................................................... 89

28. Certain Singapore Tax Considerations ...................................................................... 89

29. Queries and Complaints ............................................................................................ 89

CONTENTS

ii

30. Repurchase / Reverse Repurchase and Stocklending Agreements ......................... 89

Appendix 1................................................................................................................................... 91

- 1 -

IMPORTANT ADDITIONAL INFORMATION FOR SINGAPORE INVESTORS IN

BNY MELLON GLOBAL FUNDS, PLC

IMPORTANT: PLEASE READ AND RETAIN THIS SINGAPORE PROSPECTUS AND THE IRISH PROSPECTUS FOR FUTURE REFERENCE

1. SINGAPORE PROSPECTUS AND IRISH PROSPECTUS

This Singapore Prospectus relating to the following sub-funds:

1.1 BNY Mellon Global High Yield Bond Fund;

1.2 BNY Mellon Global Opportunities Fund;

1.3 BNY Mellon Long-Term Global Equity Fund;

1.4 BNY Mellon Global Real Return Fund (USD);

1.5 BNY Mellon Global Real Return Fund (EUR);

1.6 BNY Mellon Global Equity Income Fund;

1.7 BNY Mellon Global Dynamic Bond Fund;

1.8 BNY Mellon Emerging Markets Corporate Debt Fund;

1.9 BNY Mellon Global Emerging Markets Fund;

1.10 BNY Mellon Japan Small Cap Equity Focus Fund;

1.11 BNY Mellon Global Leaders Fund;

1.12 BNY Mellon Global Credit Fund;

1.13 BNY Mellon U.S. Equity Income Fund;

1.14 BNY Mellon Global Short-Dated High Yield Bond Fund;

1.15 BNY Mellon U.S. Municipal Infrastructure Debt Fund;

1.16 BNY Mellon Emerging Markets Debt Total Return Fund;

1.17 BNY Mellon Global Infrastructure Income Fund; and

1.18 BNY Mellon Mobility Innovation Fund

(collectively, the “Sub-Funds” and each a “Sub-Fund”),

incorporates and shall be read in conjunction with the Irish Prospectus. Unless the context

otherwise requires, terms defined in the Irish Prospectus shall have the same meanings

when used in this Singapore Prospectus except where specifically provided for otherwise

in this Singapore Prospectus.

- 2 -

2. SINGAPORE RECOGNITION OF THE SUB-FUNDS

The Sub-Funds offered in this Singapore Prospectus are recognised collective investment

schemes under the SFA. A copy of this Singapore Prospectus has been lodged with and

registered by the Monetary Authority of Singapore (the “Authority”). The Authority

assumes no responsibility for the contents of this Singapore Prospectus. The registration

of this Singapore Prospectus by the Authority does not imply that the SFA or any other

legal or regulatory requirements have been complied with. The Authority has not, in any

way, considered the investment merits of the Sub-Funds.

3. DATE OF REGISTRATION

A copy of this Singapore Prospectus has been lodged pursuant to Section 298 of the SFA

with the Authority, who takes no responsibility for its contents. This Singapore Prospectus

shall be valid for a period of 12 months after the date of registration (i.e., up to and including

30 May 2022) and shall expire on 31 May 2022.

4. THE COMPANY

The Company is an open-ended umbrella type investment company with variable capital

incorporated in Ireland and authorised by the Central Bank of Ireland (the “Central Bank”)

as an Undertaking for Collective Investment in Transferable Securities (UCITS) pursuant

to the European Communities (Undertakings for Collective Investment in Transferable

Securities) Regulations 2011 (S.I. No. 352 of 2011), as amended.

For further information about the Company, please refer to the section entitled “The

Company” in the Irish Prospectus.

5. THE SUB-FUNDS

The Company is structured as an umbrella fund and may comprise several funds of assets.

The share capital of the Company (“Shares”) may be divided into different classes of

shares in one or more sub-funds.

For further information about the structure of the Company, please refer to the section

entitled “The Company – Structure” in the Irish Prospectus.

6. CLASSES OF SHARES

Separate classes of Shares are issued in relation to each Sub-Fund. The classes of Shares

of each Sub-Fund being offered under this Singapore Prospectus and the relevant

currencies are indicated in the table below.

Certain Share classes in the table below are yet to be incepted as of the date of this

Singapore Prospectus. A list of the Share classes which have been incepted may be

obtained from www.bnymellonim.com/sg/en/individual/.

Sub-Fund Share Class

BNY Mellon Global High Yield Bond Fund Class Euro A

Class Euro A (Inc.)

Class USD A (Acc.)

Class USD A (Inc.)

http://www.bnymellonim.com/sg/en/individual/

- 3 -


Class AUD A (Acc.)

Class AUD A (Inc.) (M)

Class CAD A (Acc.)

Class CAD A (Inc.) (M)

Class HKD A (Acc.)

Class HKD A (Inc.) (M)

Class CNH A (Acc.)

Class CNH A (Inc.) (M)

Class SGD A (Acc.)

Class SGD A (Inc.) (M)

Class Euro H (hedged)

Class Euro H (Inc.) (hedged)

Class SGD H (Acc.) (hedged)

Class SGD H (Inc.) (hedged) (M)

Class AUD H (Acc.) (hedged)

Class AUD H (Inc.) (hedged) (M)

Class CAD H (Acc.) (hedged)

Class CAD H (Inc.) (hedged) (M)

Class CNH H (Acc.) (hedged)

Class CNH H (Inc.) (hedged) (M)

Class USD C (Inc.)

Class Euro W (Acc.) (hedged)

Class Euro W (Inc.) (hedged)

Class USD W (Acc.)

Class USD W (Inc.)

Class HKD W (Inc.) (M)

Class SGD W (Inc.) (hedged)

Class AUD W (Inc.) (hedged) (M)

Class CAD W (Inc.) (hedged) (M)

Class CNH W (Inc.) (hedged)(M)

BNY Mellon Global Opportunities Fund Class Euro A

Class USD A

Class AUD A (Acc.)

Class CAD A (Acc.)

Class HKD A (Acc.)

Class CNH A (Acc.)

- 4 -


Class SGD A (Acc.)






Class Euro W (Acc.)

Class USD W (Acc.)

Class HKD W (Acc.)


Class AUD W (Acc.) (hedged)

Class CAD W (Acc.) (hedged)

Class CNH W (Inc.) (hedged)

BNY Mellon Long-Term Global Equity Fund Class Euro A

Class Euro A (Inc.)

Class USD A

Class USD H (Acc.) (hedged)

Class EUR B

Class USD B

Class USD B (Inc.)

Class CAD B (Acc.)

Class SGD B (Acc.)

Class SGD B (Inc.)

Class CNH B (Acc.)

Class HKD B (Acc.)

Class USD J (Acc.) (hedged)

Class CAD J (Acc.) (hedged)

Class HKD J (Acc.) (hedged)

Class CNH J (Acc.) (hedged)

Class SGD J (Acc.) (hedged)

Class Euro W

Class Euro W (Inc.)

Class USD W

Class USD W (Inc.)

Class USD W (hedged)


- 5 -



Class HKD W (Acc.) (hedged)

Class CNH W (Acc.) (hedged)

Class SGD W (Acc.) (hedged)

BNY Mellon Global Real Return Fund (USD) Class USD A

Class USD A (Inc.)





Class USD W

Class USD W (Inc.)





BNY Mellon Global Real Return Fund (EUR) Class Euro A

Class Euro A (Inc.)



Class GBP H (Acc.) (hedged)

Class HKD H (Acc.) (hedged)



Class USD H (Acc.) (hedged)

Class Euro W



Class GBP W (Acc.) (hedged)

Class HKD W (Acc.) (hedged)



Class USD W (Acc.) (hedged)

BNY Mellon Global Equity Income Fund Class Euro A

Class Euro A (Inc.)

Class USD A

- 6 -


Class USD A (Inc.)



Class Euro B

Class Euro B (Inc.)

Class USD B

Class USD B (Inc.)

Class AUD B (Acc.)

Class AUD B (Inc.)

Class CAD B (Acc.)

Class CAD B (Inc.)

Class HKD B (Acc.)

Class HKD B (Inc.)

Class CNH B (Acc.)

Class CNH B (Inc.)

Class SGD B (Acc.)

Class SGD B (Inc.)

Class Euro J (Acc.) (hedged)

Class Euro J (Inc.) (hedged)


Class SGD J (Inc.) (hedged)

Class AUD J (Acc.) (hedged)

Class AUD J (Inc.) (hedged)


Class CAD J (Inc.) (hedged)


Class CNH J (Inc.) (hedged)

Class Euro W

Class Euro W (Inc.)

Class USD W

Class USD W (Inc.)

Class HKD W (Inc.)



Class AUD W (Inc.) (hedged)

Class CAD W (Inc.) (hedged)

- 7 -



BNY Mellon Global Dynamic Bond Fund Class USD A

Class USD A (Inc.)

Class Euro A

Class Euro A (Inc.)

Class CAD A (Acc.)

Class CAD A (Inc.)

Class AUD A (Acc.)

Class AUD A (Inc.)

Class HKD A (Acc.)

Class HKD A (Inc.)

Class CNH A (Acc.)

Class CNH A (Inc.)

Class SGD A (Acc.)

Class SGD A (Inc.)




Class CAD H (Inc.) (hedged)


Class SGD H (Inc.) (hedged)


Class AUD H (Inc.) (hedged)


Class CNH H (Inc.) (hedged)

Class USD W

Class HKD W (Inc.)

Class Euro W (hedged)






BNY Mellon Emerging Markets Corporate Debt

Fund

Class Euro A

Class Euro A (Inc.)

Class USD A

- 8 -


Class AUD A (Acc.)

Class AUD A (Inc.) (M)

Class HKD A (Acc.)

Class HKD A (Inc.) (M)

Class CNH A (Acc.)

Class CNH A (Inc.) (M)

Class SGD A (Acc.)

Class SGD A (Inc.) (M)


Class Euro H (Inc.) (hedged) (M)







Class Euro W (Inc.) (hedged) (M)

Class USD W (Inc.)

Class HKD W (Inc.) (M)



Class CNH W (Inc.) (hedged) (M)

Class SGD W (Inc.) (hedged) (M)

BNY Mellon Global Emerging Markets Fund Class Euro A

Class USD A


Class Euro B (Acc.)

Class Euro B (Inc.)

Class USD B (Acc.)

Class USD B (Inc.)

Class CAD B (Acc.)

Class SGD B (Acc.)

Class SGD B (Inc.)

Class AUD B (Acc.)

Class HKD B (Acc.)

Class CNH B (Acc.)

- 9 -


Class Euro J (Acc.) (hedged)






Class USD W (Acc.)

Class Euro W (Acc.)

Class CAD W (Acc.)

Class AUD W (Acc.)

Class HKD W (Acc.)

Class SGD W (Acc.)

Class CNH W (Acc.)






BNY Mellon Japan Small Cap Equity Focus

Fund

Class USD H (hedged)


BNY Mellon Global Leaders Fund Class EUR A (Acc.)

Class EUR A (Inc.)

Class USD A (Acc.)

Class USD A (Inc.)

Class EUR H (Acc.) (hedged)

Class EUR H (Inc.) (hedged)

Class EUR B (Acc.)

Class EUR B (Inc.)

Class USD B (Acc.)

Class USD B (Inc.)

Class AUD B (Acc.)

Class CAD B (Acc.)

Class CNH B (Acc.)

Class HKD B (Acc.)

Class SGD B (Acc.)

Class SGD B (Inc.)

- 10 -



Class EUR J (Acc.) (hedged)




Class USD W (Acc.)

Class USD W (Inc.)

Class EUR W (Acc.) (hedged)

Class EUR W (Inc.) (hedged)



Class HKD W (Acc.)



BNY Mellon Global Credit Fund Class USD A (Acc.)

Class USD A (Inc.) (Q)


Class EUR H (Inc.) (hedged) (Q)


Class AUD H (Inc.) (hedged) (Q)


Class CAD H (Inc.) (hedged) (Q)


Class CNH H (Inc.) (hedged) (Q)


Class SGD H (Inc.) (hedged) (Q)

Class USD W (Acc.)

Class USD W (Inc.) (Q)



Class AUD W (Inc.) (hedged) (Q)

Class CAD W (Inc.) (hedged) (Q)

Class CNH W (Inc.) (hedged) (Q)

Class SGD W (Inc.) (hedged) (Q)

BNY Mellon U.S. Equity Income Fund Class EUR A (Acc.)

Class EUR A (Inc.)

- 11 -


Class USD A (Acc.)

Class USD A (Inc.)



Class USD B (Acc.)

Class USD B (Inc.)

Class EUR B (Acc.)

Class EUR B (Inc.)

Class SGD B (Acc.)

Class SGD B (Inc.)

Class AUD B (Acc.)

Class AUD B (Inc.)

Class CAD B (Acc.)

Class CAD B (Inc.)

Class HKD B (Acc.)

Class HKD B (Inc.)

Class CNH B (Acc.)

Class CNH B (Inc.)





Class AUD J (Inc.) (hedged)


Class CAD J (Inc.) (hedged)


Class CNH J (Inc.) (hedged)



Class USD W (Acc.)

Class USD W (Inc.)



Class HKD W (Inc.)



- 12 -


BNY Mellon Global Short-Dated High Yield

Bond Fund

Class USD A (Acc.)

Class USD A (Inc.)






Class CAD H (Inc.) (hedged) (M)





Class USD W (Acc.)

Class USD W (Inc.)





Class CNH W (Inc.) (hedged) (M)

Class SGD W (Inc.) (hedged) (M)

BNY Mellon U.S. Municipal Infrastructure Debt

Fund

Class USD A (Acc.)

Class USD A (Inc.)

Class USD A (Inc.) (M)

Class Euro H (Acc.) (hedged)


Class USD W (Acc.)

Class USD W (Inc.)

BNY Mellon Emerging Markets Debt Total

Return Fund

Class USD A (Acc.)

Class USD A (Inc.)

Class Euro H (Acc.) (hedged)



Class CAD H (Inc.) (hedged)


Class AUD H (Inc.) (hedged)

- 13 -



Class SGD H (Inc.) (hedged)

Class CNH H (Inc.) (hedged)


Class USD W (Acc.)

Class USD W (Inc.)


Class Euro W (Inc.) (hedged)









BNY Mellon Global Infrastructure Income Fund Class EUR B (Acc.)

Class EUR B (Inc.)

Class USD B (Acc.)

Class USD B (Inc.)

Class USD B (Inc.) (M)

Class SGD B (Acc.)

Class SGD B (Inc.)

Class SGD B (Inc.) (M)


Class EUR J (Inc.) (hedged)



BNY Mellon Mobility Innovation Fund Class EUR B (Acc.)

Class EUR B (Inc.)

Class USD B (Acc.)

Class USD B (Inc.)

Class SGD B (Acc.)

Class SGD B (Inc.)


Class EUR J (Inc.) (hedged)

- 14 -




The other sub-funds and classes of Shares referred to in the Irish Prospectus, but which

are not included in the list above, are currently not available for offer to the retail public in

Singapore.

The Shares of each Sub-Fund as mentioned in the list above are capital markets products

other than prescribed capital markets products (as defined in the Securities and Futures

(Capital Markets Products) Regulations 2018) and Specified Investment Products (as

defined in MAS Notice SFA 04-N12: Notice on the Sale of Investment Products and MAS

Notice FAA-N16: Notice on Recommendations on Investment Products).

7. DISCLAIMERS

The distribution of this Singapore Prospectus and the offering of the Sub-Funds and the

Shares may be restricted in certain jurisdictions. This Singapore Prospectus does not

constitute an offer or solicitation by anyone in any jurisdiction in which such offer or

solicitation is not lawful or in which the person making such offer or solicitation is not

qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation.

Prospective investors should inform themselves as to the legal requirements, exchange

control regulations and tax consequences within the countries of their residence and

domicile for the acquisition, holding or disposal of Shares and any foreign exchange

restrictions that may be relevant to them.

The Shares referred to in this Singapore Prospectus are offered solely on the basis of the

information contained in this Singapore Prospectus and in the Irish Prospectus and in the

reports and documents referred to in this Singapore Prospectus and the Irish Prospectus.

In connection with the offer made hereby, no person is authorised to give any information

or to make any representations other than those contained in this Singapore Prospectus or

in the documents referred to herein and read in conjunction with the Irish Prospectus. If

given or made, such information or representations must not be relied upon as having been

authorised by the Company, the Manager (as defined below), Singapore Representative

(as defined below) or the distributor and any purchase made by any person on the basis of

statements or representations which are not contained in or which are inconsistent with the

information contained in this Singapore Prospectus, read in conjunction with the Irish

Prospectus, shall be solely at the risk of the purchaser.

To reflect material changes, this Singapore Prospectus may be updated from time to time

and investors should investigate whether a more recent Singapore Prospectus is available.

Investors are advised to carefully consider the risk factors set out under Paragraph 17 and

Appendix 1 of this Singapore Prospectus and the section entitled “Risk Factors” in the Irish

Prospectus.

Investors may wish to consult their independent financial adviser about the suitability of

shares of the Sub-Funds for their investment needs.

- 15 -

8. CONSTITUTIVE DOCUMENTS

The constitutive documents of the Company are its Articles described in the Irish

Prospectus. Copies of the Articles are available for inspection by investors in Singapore at

the registered office of the Singapore Representative, free of charge, during normal

Singapore business hours.

9. SINGAPORE REPRESENTATIVE AND REGISTRAR

BNY Mellon Investment Management Singapore Pte. Limited has been appointed as the

representative (the “Singapore Representative”) of the Company for the purposes of

performing administration and other related functions relating to the offer of the Shares

under Section 287 of the SFA.

The Singapore Representative has also been appointed by the Company as its local agent

in Singapore to accept service of process on behalf of the Company.

The Administrator will be serving as the registrar of the Company. The register of

participants may be extracted at the offices of the Singapore Representative upon request,

subject to such restrictions and processing time as the Company or Singapore

Representative may impose.

10. SINGAPORE DIRECTORY

Singapore Representative and Agent for Service of Process in Singapore

BNY Mellon Investment Management Singapore Pte. Limited

Registered Office:

One Temasek Avenue, #04-02

Millenia Tower

Singapore 039192

Legal Advisers as to Singapore Law

Simmons & Simmons JWS Pte. Ltd.

168 Robinson Road, #11-01

Capital Tower

Singapore 068912

11. MANAGER, INVESTMENT MANAGERS AND SUB-INVESTMENT MANAGER

The Company has appointed as its manager, BNY Mellon Fund Management Luxembourg

S.A. (the “Manager”), which was incorporated in Luxembourg on 10 June 1988 as a public

limited company in the form of a société anonyme under the laws of the Grand Duchy of

Luxembourg. The Manager’s address is 2-4, rue Eugène Ruppert, L-2453 Luxembourg.

The Manager is ultimately a wholly owned subsidiary of The Bank of New York Mellon

Corporation and is a part of The Bank of New York Mellon Corporation group of companies.

The Manager is regulated by the Commission de Surveillance du Secteur Financier and

has been managing collective investment schemes and discretionary funds for 31 years.

The Manager also acts as manager to BNY Mellon Liquidity Funds plc, amongst others.

The Manager has responsibility for the management and administration of the Company’s

affairs, subject to the overall supervision and control of the Directors. The Manager has

delegated its functions as administrator, registrar and transfer agent to BNY Mellon Fund

- 16 -

Services (Ireland) Designated Activity Company (the “Administrator”). The Manager has

delegated its investment management responsibilities to the Investment Managers.

If the Manager becomes insolvent, i.e. passes a resolution for its winding-up except a

voluntary liquidation for the purpose of reconstruction or amalgamation on terms previously

approved in writing by the Company, or if a Court of competent jurisdiction shall order a

winding-up of the Manager, or a receiver shall be appointed over the Manager’s assets, or

an examiner shall be appointed to the Manager or if some event having an equivalent effect

occurs, the management agreement can be terminated forthwith on notice by the Manager

or the Company.

If the Administrator becomes insolvent, i.e. enters into liquidation whether compulsory or

voluntary (save for the purpose of amalgamation or reconstruction of a solvent company

on terms agreeable to the Manager) or is unable to pay its debts or has an administrator,

receiver or examiner appointed over it or all or any of its assets, the administration

agreement may be terminated forthwith by the Manager giving written notice to the

Administrator.

As of the date of this Singapore Prospectus, the Board of Directors of the Manager

comprise of:

(a) Greg Brisk (British) Mr. Brisk is the Head of Governance at BNY Mellon Investment

Management. He has been in the finance industry since 1982. Mr. Brisk has a broad

range of governance responsibilities across BNY Mellon Investment Management,

focussed on adoption of best practices to protect shareholder interests in both fund

investor and BNY Mellon owned entities. Prior to this, from 2013-2015, he was Global

Head of Risk and Compliance Investment Management incorporating all of asset

management and wealth management businesses in BNY Mellon. Mr. Brisk is a

board director of BNY Mellon Investment Management Europe Holdings Ltd and BNY

Mellon Investment Management (APAC) holding Ltd (respectively the European and

Asian holding companies for investment management) and also sits on the board of

a number of other group entities, including individual boutiques, funds and

management companies across Europe, Asia and the USA. From April 2010-2012,

Mr. Brisk was Chief Operations Officer, BNY Mellon International Asset Management.

Prior to 2010, he was Chief Operations Officer for BNY Mellon Investment

Management EMEA Ltd, the international distribution business of the group. Before

taking on that role in 2002, Mr. Brisk was the European Head of Risk and Compliance

for the Mellon Group. Before joining BNY Mellon in 1999, Mr. Brisk worked at the

Financial Services Authority as a banking regulator with responsibility for American

banks in London. Mr. Brisk spent his first 17 years working in a variety of roles at the

Bank of England.

(b) Mark Flaherty (Irish) Mr. Flaherty is General Manager, Conducting officer and

Director of BNY Mellon Fund Management (Luxembourg) S.A. He is member of

certain working groups of ALFI, the Luxembourg fund association. Prior to joining

BNY Mellon Fund Management (Luxembourg) S.A in 2019, Mr Flaherty has worked

in the funds industry since 1997 and in Luxembourg since 2001. His primary focus

has been on fund operations, project management and governance of Luxembourg

and Irish fund ranges and management companies. Mr Flaherty is an Associate of

the Association of Certified Chartered Accountants. He holds the CAIA designation,

has a Bachelor of Commerce degree and Masters of Economic Science from the

National University of Ireland.

- 17 -

(c) Udo Goebel (German) Mr. Goebel holds a Master Diploma in Business

Administration/Finance from the University of Trier/Germany and has over 20 years’

experience in the financial services industry. He joined BNY Mellon in 2005 and is

currently a Managing Director and a Member of the Board of BNY Mellon Fund

Management (Luxembourg) S.A. (formerly WestLB Asset Management

(Luxembourg) S.A.) Between 1997 and 2005, Mr. Goebel headed the Product

Development & Product Management team of Allianz Global Investors Luxembourg

S.A. and has served on the boards of various investment companies/SICAVs.

(d) Carole Judd (British) Mrs Judd’s executive career spanned over thirty years in the

Financial Services industry. During this time she held senior leadership positions in

Asset Management and Investment Consulting businesses in the UK, most notably

at Old Mutual and Willis Towers Watson. Following her retirement, she became an

Independent Non-Executive Director of BNY Mellon Fund Managers in the UK in

2019 and is a member of the Investment Committee at Nucleus Financial. Mrs Judd

holds a degree in Mathematics and Statistics and Post-graduate degree in

Operations Research from the University of Cape Town.

(e) Gerald Rehn (American) Mr. Rehn is Head of International Product & Governance

for BNY Mellon Investment Management. He leads product strategy, development,

ongoing performance oversight, client services and operations for the international

business’s funds and segregated account platforms. Gerald is a member of the

Investment Management Global & EMEA Distribution Executive Committees and a

board director for BNY Mellon Liquidity Funds PLC, BNY Mellon Global Management

Limited, BNY Mellon Fund Managers Limited, BNY Mellon Investment Management

EMEA Limited, and BNY Mellon Fund Management Luxembourg S.A. Gerald joined

BNY Mellon in 2013. He began his career in 1999 in the USA and has worked in the

Investment Management industry in the USA, UK and UAE since then. He holds an

MBA from Cass Business School (2004) and is a Chartered Financial Analyst®

(CFA).

(f) Marc Saluzzi (French) Mr. Saluzzi qualified as a “Réviseur d’entreprises” in 1996

after graduating from “ISG” (Institut Supérieur de Gestion) in Paris in 1986. He joined

PwC in 1986, was admitted as a partner in 1996 and has accumulated more than 30

years of experience in the asset management industry in Luxembourg and in the U.S.

Between 2006 and 2010, Mr. Saluzzi led the PwC Global Asset Management team.

Between 2011 and 2015, Marc was the Chairman of ALFI, the Luxembourg fund

association. Mr. Saluzzi retired from PwC Luxembourg in 2015 and is currently acting

as an independent director of several fund management companies in the United

Kingdom, Luxembourg, France and Switzerland.

As of the date of this Singapore Prospectus, there are no key executives other than the

Directors.

The Manager will appoint an investment manager on a fund-by-fund basis. An investment

manager may delegate its investment management functions in respect of a Sub-Fund to

a sub-investment manager.

The investment managers (each an “Investment Manager”, and collectively “Investment

Managers”) and the sub-investment manager (“Sub-Investment Manager”) for the Sub-

Funds are as follows:

- 18 -

Sub-Fund Investment Manager Sub-Investment

Manager

BNY Mellon Global

Opportunities Fund

BNY Mellon Global Real

Return Fund (USD)

BNY Mellon Global Real

Return Fund (EUR)

BNY Mellon Global Equity

Income Fund

BNY Mellon Global Dynamic

Bond Fund

BNY Mellon Global

Emerging Markets Fund

Newton Investment

Management Limited

(“NIML”)

N/A

BNY Mellon Japan Small

Cap Equity Focus Fund

BNY Mellon Investment

Management Japan Limited

(“IMJ”)

N/A

BNY Mellon U.S. Equity

Income Fund

BNY Mellon U.S. Municipal

Infrastructure Debt Fund

BNY Mellon Global

Infrastructure Income Fund

BNY Mellon Mobility

Innovation Fund

Mellon Investments

Corporation (“MIC”)

N/A

BNY Mellon Emerging

Markets Corporate Debt

Fund

BNY Mellon Global Credit

Fund

BNY Mellon Global Short-

Dated High Yield Bond Fund

BNY Mellon Emerging

Markets Debt Total Return

Fund

Insight Investment

Management (Global)

Limited (“IIMGL”)

N/A

BNY Mellon Global High

Yield Bond Fund

Alcentra NY, LLC

(“Alcentra”)

N/A

BNY Mellon Long-Term

Global Equity Fund

BNY Mellon Global Leaders

Fund

Walter Scott & Partners

Limited (“WSPL”)

N/A

NIML is a company incorporated in the United Kingdom and a wholly owned subsidiary of

Newton Management Limited, which is ultimately a wholly owned subsidiary of The Bank

- 19 -

of New York Mellon Corporation. It is regulated in the United Kingdom by the Financial

Conduct Authority. NIML provides discretionary investment management services to

institutional clients which include a wide range of institutional, charity and retail funds.

If NIML becomes insolvent i.e., a receiver or administrative receiver is appointed over all

or any of its assets or an administration order is made with regard to NIML or any

arrangement or composition is made with the creditors of NIML or NIML ceases or

threatens to cease to carry on business or to suspend payment of any of its debts or is

deemed to be unable to pay its debts as and when they fall due, the investment

management agreement may be terminated by the Manager immediately.

IMJ is a company incorporated in Japan and a wholly owned subsidiary of The Bank of

New York Mellon Corporation. It was established on November 1998 and is regulated by

the Financial Services Agency. It is a leading offshore investment management firm in

Japan.

If IMJ becomes insolvent i.e., passes a resolution for its winding-up (except a voluntary

liquidation for the purpose of reconstruction or amalgamation on terms previously approved

in writing by the Manager) or if a court of competent jurisdiction shall order a winding-up of

IMJ or a receiver shall be appointed over IMJ’s assets or an examiner shall be appointed

to IMJ (or procedures analogous to the foregoing are commenced against IMJ), the

investment management agreement may be terminated forthwith by the Manager.

MIC is a leading provider of high-quality single and multi-asset investment solutions using

both active and passive strategies for investors globally. MIC serves a wide variety of

institutional and intermediary clients in over 45 markets globally. MIC is a subsidiary of The

Bank of New York Mellon Corporation.

If MIC becomes insolvent i.e., goes into liquidation (except a voluntary liquidation for the

purpose of reconstruction or amalgamation upon terms previously approved in writing by

the Manager) or be unable to pay its debts or commit any act of bankruptcy under the laws

of Ireland or if a receiver is appointed over any of the assets of MIC or if some event having

equivalent effect occurs, the Manager may terminate the investment management

agreement forthwith by notice in writing.

IIMGL is a private limited company incorporated under the laws of England and Wales. It

is regulated by the FCA in the UK. IIMGL is a subsidiary of Insight Investment Management

Limited which is a wholly owned subsidiary of The Bank of New York Mellon Corporation.

If IIMGL becomes insolvent, ie. passes a resolution for its winding-up (except a voluntary

liquidation for the purpose of reconstruction or amalgamation on terms previously approved

in writing by the Manager) or if a court of competent jurisdiction shall order a winding-up of

IIMGL or a receiver shall be appointed over IIMGL’s assets or an examiner shall be

appointed to IIMGL (or procedures analogous to the foregoing are commenced against

IIMGL), the investment management agreement may be terminated forthwith by the

Manager.

Alcentra, formerly Alcentra, Inc., has been providing investment advisory services since

March 2002. The Bank of New York Mellon Corporation owns 100% of Alcentra’s parent

company, BNY Alcentra Group Holdings, Inc. Alcentra is a limited liability company

registered in Delaware and is regulated by the SEC.

If Alcentra becomes insolvent, ie. goes into liquidation (except a voluntary liquidation for

the purpose of reconstruction or amalgamation upon terms previously approved in writing

- 20 -

by the Manager) or be unable to pay its debts or commit any act of bankruptcy under the

laws of Ireland or if a receiver is appointed over any of the assets of Alcentra or if some

event having equivalent effect occurs, the Manager may terminate the investment

management agreement forthwith by notice in writing.

WSPL, a wholly owned subsidiary of The Bank of New York Mellon Corporation since 2007,

was established in 1983 to offer global equity portfolio management to institutional

investors around the world. The firm’s investment focus, in line with its founding mission,

remains global equities, whereby the firm largely reserves all regional, income and other

mandates for existing clients and their cash flows. Irrespective of mandate, the firm’s

investment philosophy and process is consistently applied and every portfolio is managed

by bringing together the skill, judgement and experience of the firm’s own investment

research team.

If WSPL becomes insolvent, i.e., goes into liquidation (except a voluntary liquidation for the

purpose of reconstruction or amalgamation upon terms previously approved in writing by

the Manager) or be unable to pay its debts or commit any act of bankruptcy under the laws

of Ireland or if a receiver is appointed over any of the assets of WSPL or if some event

having an equivalent effect occurs, the Manager may terminate the investment

management agreement forthwith by notice in writing.

For further information about the Manager, Investment Managers and Sub-Investment

Manager, please refer to the section entitled “Management and Administration of the

Company” in the Irish Prospectus, and the sections entitled “The Investment Manager” and

“Sub-Investment Manager” in the relevant Supplement for each Sub-Fund in the Irish

Prospectus.

12. CUSTODIAN AND CUSTODIAL ARRANGEMENTS

The Bank of New York Mellon SA/NV, Dublin Branch has been appointed by the Company

to act as depositary of the Company’s assets, pursuant to the Depositary Agreement.

Biography of Depositary

The Depositary is a branch of The Bank of New York Mellon SA/NV which is a wholly owned

subsidiary of the Bank of New York Mellon Corporation. The Depositary has been

established in and operating in Ireland since 1 February 2013. It is a credit institution

authorised in Belgium and operating in Ireland on a branch basis. It is regulated by the

Central Bank of Ireland. Its main activity is to act as depositary of collective investment

schemes. The Depositary provides safe custody for the Company’s assets, which will be

held under the control of the Depositary.

Duties of Depositary

The duty of the Depositary is to provide safekeeping, oversight and asset verification

services in respect of the assets of the Company and each Sub-Fund in accordance with

the provisions of the UCITS Regulations (as defined in the Irish Prospectus). The

Depositary will also provide cash monitoring services in respect of each Sub-Fund’s cash

flows and subscriptions.

The Depositary will be obliged, inter alia, to ensure that the sale, issue, repurchase and

cancellation of Shares in the Company is carried out in accordance with the UCITS

Regulations and the Articles. The Depositary will carry out the instructions of the Company,

unless they conflict with the UCITS Regulations or the Articles. The Depositary is also

- 21 -

obliged to enquire into the conduct of the Company in each financial year and report

thereon to Shareholders.

Depositary Liability

Pursuant to the Depositary Agreement, the Depositary will be liable for loss of financial

instruments held in custody (i.e. those assets which are required to be held in custody

pursuant to the UCITS Regulations) or in the custody of any sub-custodian, unless it can

prove that loss has arisen as a result of an external event beyond its control, the

consequences of which would have been unavoidable despite all reasonable efforts to the

contrary.

The Depositary shall also be liable for all other losses suffered as a result of the

Depositary’s negligent or intentional failure to properly fulfil its obligations under the UCITS

Regulations.

Depositary Delegation and Conflicts

Under the Depositary Agreement, the Depositary may delegate its safekeeping obligations

provided that: (a) the services are not delegated with the intention of avoiding the

requirements of the UCITS Directive and the UCITS Regulations, (b) the Depositary can

demonstrate that there is an objective reason for the delegation and (c) the Depositary has

exercised all due skill, care and diligence in the selection and appointment of any third party

to whom it wants to delegate parts of the safekeeping services, and keeps exercising all

due skill, care and diligence in the periodic review and ongoing monitoring of any third party

to whom it has delegated parts of its safekeeping services and of the arrangements of the

third party in respect of the matters delegated to it. The liability of the Depositary will not be

affected by virtue of any such delegation.

Under the Depositary Agreement, the Depositary has power to delegate the whole or any

part of its depositary functions, however as noted above, its liability will not be affected by

the fact that it has entrusted to a third party some or all of the assets in its safekeeping.

The Depositary has delegated its safe-keeping duties in respect of financial instruments in

custody to The Bank of New York Mellon for certain markets. The list of sub-delegates

appointed by the Depositary or by The Bank of New York Mellon is set out in Appendix IV

to the Irish Prospectus. The use of particular sub-delegates will depend on the markets in

which the Company invests. The Bank of New York Mellon and the sub-delegates set out

in Appendix IV to the Irish Prospectus are licensed and regulated in the relevant

jurisdictions.

If the Depositary becomes insolvent, i.e. the Depositary goes into liquidation (except a

voluntary liquidation for the purpose of reconstruction or amalgamation upon terms

previously approved in writing by the Company) or being unable to pay its debts within the

meaning of Section 570 of the Companies Act, 2014, or in the event of the appointment of

a receiver over any of the assets of the Depositary or if an examiner is appointed to the

Depositary or if some event having an equivalent effect occurs, the Depositary Agreement

may be terminated forthwith by the Company giving notice which shall take immediate or

subsequent effect.

For further information about the Depositary, please refer to the section entitled

“Management and Administration of the Company - Depositary” in the Irish Prospectus.

13. AUDITOR

The Board of Directors of the Company has appointed Ernst & Young at Harcourt Centre,

Harcourt Street, Dublin 2, Ireland as independent auditor of the Company.

- 22 -

14. INVESTMENT OBJECTIVE, FOCUS AND APPROACH

The main investment objectives, policies and strategies of the Sub-Funds are as set out in

the table below. Please refer to the section entitled “The Company - Investment Objectives

and Policies” in the Irish Prospectus and the section entitled “Investment Objectives and

Policies” in the Supplement for each Sub-Fund in the Irish Prospectus for further details on

the investment objective, focus and approach of each Sub-Fund.

Sub-Fund Investment Objective, Policy and Strategy Profile of

Typical

Investor

BNY Mellon

Global High

Yield Bond

Fund

Investment Objective

The investment objective of the Sub-Fund is to achieve a

total return comprised of income and long-term capital

growth.

Investment Strategy

The Sub-Fund will invest primarily, meaning at least

80% of Net Asset Value, in a broadly diversified

portfolio of high yield bonds, which offer relatively

attractive risk adjusted yields. The Sub-Fund may

invest in assets denominated in currencies other than

the U.S. Dollar.

The Sub-Fund may utilise financial derivative

instruments (“FDI”) for investment, hedging and

efficient portfolio management purposes. It will use

the Relative Value at Risk (“VaR”) methodology to

assess the Sub-Fund’s leverage and market risk

volatility. The Sub-Fund’s portfolio will not exceed

twice the VaR on a representative benchmark

portfolio (using a 1 Business Day holding period). The

Relative VaR benchmark is the ICE Bank of America

Merrill Lynch Developed Markets High Yield

Constrained Index (hedged to US Dollars). The gross

leverage is expected to vary between 100% and

500% of the Net Asset Value. The gross leverage may

exceed this target level at times.

For further information on the Sub-Fund’s global

exposure and leverage, please refer to the section

entitled “Investment and Borrowing Restrictions –

Global Exposure and Leverage” in the relevant

Supplement in the Irish Prospectus relating to the

Sub-Fund.

Refer to the section entitled “Investment Objectives and

Policies” in the relevant Supplement in the Irish

Prospectus relating to the Sub-Fund for further

information on the investment strategy.

A typical

investor has a

medium to

long-term

investment

horizon.

BNY Mellon

Global

Opportunities

Fund


The Sub-Fund aims to achieve long term capital growth

through investment primarily, (meaning at least two-thirds

of the Sub-Fund’s assets) in a portfolio of equity and

A typical

investor has a

medium to

long-term

- 23 -


Typical

Investor

equity-related securities of companies located worldwide,

the majority of which shall be listed or traded on Eligible

Markets1 located worldwide.

The Sub-Fund has no restrictions (save as set out under

the section entitled “The Company - Investment and

Borrowing Restrictions” in the Irish Prospectus) as to the

proportion allocated to any particular geographical area,

sector or type of security.

Investment Strategy


two-thirds of the Sub-Fund’s Net Asset Value, in a

portfolio of equity and equity-related securities

(including convertible bonds (usually unrated),

convertible preference shares and warrants (subject

to a 10% limit of Net Asset Value of the Sub-Fund in

the case of warrants)) of companies located

worldwide which are listed or traded on Eligible

Markets.

The investment philosophy is based upon the

conviction of the Investment Manager that no

company, market or economy can be considered in

isolation; each must be understood in a global

context. The Investment Manager believes that

events occurring around the world influence all

financial markets and that successful investment in

global equities requires therefore a thorough

understanding of the world as a whole.

The Investment Manager identifies themes which

encompass the major areas of change in the world

and use these themes as the basis of our investment

ideas. This global, thematic approach allows the

Investment Manager to gain long-term perspective on

global financial markets and economies and always to

consider the ‘big picture’.

The Sub-Fund may utilise FDI for hedging and


the commitment approach as its global exposure

calculation methodology. The Sub-Fund’s maximum

leverage will be 50% of its total Net Asset Value. For

further information on the Sub-Fund’s global exposure

and leverage, please refer to the section entitled

“Investment and Borrowing Restrictions – Global

Exposure and Leverage” in the relevant Supplement

in the Irish Prospectus relating to the Sub-Fund.

investment

horizon.

1 “Eligible Markets” mean markets on which a Sub-Fund may invest, as defined in the Articles as

“Recognised Exchanges”. A list of such markets is contained in Appendix II to the Irish Prospectus.

- 24 -


Typical

Investor





BNY Mellon

Long-Term

Global Equity

Fund


The investment objective of the Sub-Fund is to achieve

long-term capital appreciation through investing primarily

(meaning at least three quarters of the Sub-Fund’s total

assets) in a portfolio of equity and equity related securities

of companies located throughout the world.

Investment Strategy

The Sub-Fund will invest primarily (meaning at least

three-quarters of the Sub-Fund’s Net Asset Value) in

a portfolio of equity and equity related securities of

companies located worldwide, the majority of which

shall be listed or traded on Eligible Markets.

The Sub-Fund may also invest indirectly in global

equity securities through instruments such as

American Depositary Receipts and Global Depositary

Receipts (collectively “Depositary Receipts”).















A typical

investor has a

medium to

long-term

investment

horizon.

BNY Mellon

Global Real

Return Fund

(USD)



total return in excess of a cash benchmark (as described

below) over an investment horizon of 3-5 years.

Investment Strategy

The cash benchmark of the Sub-Fund is 1 month USD

LIBOR + 4% per annum (the “Cash Benchmark”).

The Sub-Fund uses the Cash Benchmark as a target

set for the Sub-Fund’s performance to match or

exceed over 5 years before fees.

A typical

investor has a

medium to

long-term

investment

horizon.

- 25 -


Typical

Investor

The Sub-Fund is a multi-asset global portfolio and

may invest in equities, equity-related securities, debt

and debt-related securities, FDI (including currency

related FDI), collective investment schemes,

deposits, cash, money market instruments and cash

equivalents.

The Sub-Fund may invest in commodities, property,

renewable energy and infrastructure through a

combination of collective investment schemes

(including open-ended exchange traded funds),

equity and equity-related securities (such as listed

real estate investment trusts (“REITs”) and other

closed end listed funds) and fixed income securities

(such as exchange traded notes (including exchange

traded commodities and exchange traded

certificates)). Any investment in closed ended listed

funds shall constitute an investment in a transferable

security in accordance with the requirements of the

Central Bank.

The Sub-Fund may use FDI for investment, hedging

and efficient portfolio management purposes. It will

use the Absolute VaR methodology as its global

exposure calculation methodology. The Sub-Fund

applies an absolute VaR limit of 20% of the Net Asset

Value of the Sub-Fund (using a 20 Business Day

holding period). The gross leverage is expected to

vary between 0% and 1000% of the Net Asset Value.

The gross leverage may exceed this target level at

times. For further information on the Sub-Fund’s

global exposure and leverage, please refer to the

section entitled “Investment and Borrowing

Restrictions – Global Exposure and Leverage” in the

relevant Supplement in the Irish Prospectus relating

to the Sub-Fund.





BNY Mellon

Global Real

Return Fund

(EUR)



total return in excess of a cash benchmark (as described

below) over an investment horizon of 3-5 years.

Investment Strategy

The cash benchmark of the Sub-Fund is 1 Month

EURIBOR + 4% per annum (the “Cash Benchmark”).

A typical

investor has a

medium to

long-term

investment

horizon.

- 26 -


Typical

Investor

The Sub-Fund uses the Cash Benchmark as a target

set for the Sub-Fund’s performance to match or

exceed over 5 years before fees.

The Sub-Fund is a multi-asset global portfolio and

may invest in equities, equity-related securities, debt

and debt-related securities, FDI (including currency

related FDI), collective investment schemes,

deposits, cash, money market instruments and cash

equivalents.

The Sub-Fund may invest in commodities, property,

renewable energy and infrastructure through a

combination of collective investment schemes

(including open ended exchange traded funds), equity

and equity-related securities (such as listed real

estate investment trusts (“REITs”) and other closed

end listed funds) and fixed income securities (such as

exchange traded notes (including exchange traded

commodities and exchange traded certificates)). Any

investment in closed ended listed funds shall

constitute an investment in a transferable security in

accordance with the requirements of the Central

Bank.

The Sub-Fund may utilise FDI for investment, hedging














to the Sub-Fund.





BNY Mellon

Global Equity

Income Fund


The investment objective of the Sub-Fund is to aim to

generate annual distributions and to achieve long-term

capital growth by investing predominantly in equity and

equity-related global securities.

A typical

investor has a

medium to

long-term

investment

horizon.

- 27 -


Typical

Investor

Investment Strategy


three-quarters of the Sub-Fund’s Net Asset Value in a

portfolio of equity and equity-related securities,

including but not limited to, convertible preference

shares, warrants (up to 10% of the Sub-Fund’s Net

Asset Value) and convertible bonds (up to 10% of the

Sub-Fund’s Net Asset Value and which are not rated

by any recognised rating agency) of companies

located worldwide which are listed or traded on

Eligible Markets.

The Sub-Fund is a global fund and its investments are

not confined or concentrated in any particular

geographic region, market or industry sector. The

Sub-Fund may invest up to 10% of its Net Asset Value

in equity securities listed or traded on the Moscow

Exchange.



use the commitment approach as its global exposure












BNY Mellon

Global

Dynamic

Bond Fund


The objective of the Sub-Fund is to maximize the total

return from income and capital growth by investment

primarily (meaning at least three-quarters of the Sub-

Fund’s total assets) in a globally diversified portfolio of

predominantly corporate and government fixed interest

securities.

Investment Strategy

The Sub-Fund will primarily invest at least three-

quarters of the Sub-Fund’s Net Asset Value, in a

portfolio of either fixed or floating rate, international,

emerging market, sovereign, government,

supranational agency, corporate and bank bonds

(including mortgage and corporate bonds) and other

debt and debt-related securities (such as debentures,

notes (including corporate, sovereign, floating and

fixed rate notes)) asset and mortgage backed

A typical

investor has a

medium to

long-term

investment

horizon.

- 28 -


Typical

Investor

securities, certificates of deposit and commercial

paper listed or traded on Eligible Markets located

worldwide.

The minimum credit rating of the debt and debt-

related instruments in which the Sub-Fund may invest

at time of purchase is CCC-/Caa3 (or its equivalent),

as rated by a Recognised Rating Agency.















to the Sub-Fund.





BNY Mellon

Emerging

Markets

Corporate

Debt Fund


The Sub-Fund aims to generate a total return comprised

of income and capital growth by investing primarily in

corporate debt, and corporate debt-related instruments

issued by emerging markets issuers worldwide and in FDI

relating to such instruments.

Investment Strategy

The Sub-Fund will invest primarily (meaning at least


a broad range of corporate bonds, other bonds and

credit or bond related instruments and investments

including asset backed securities and convertible

bonds issued by corporate issuers, which are

economically tied or linked to emerging market

countries and which are listed or traded on any

Eligible Markets.







A typical

investor has a

medium to

long-term

investment

horizon.

- 29 -


Typical

Investor









BNY Mellon

Global

Emerging

Markets Fund


The objective of the Sub-Fund is to achieve long-term

capital growth.

Investment Strategy

The Sub-Fund invests primarily (meaning at least

three-quarters of the Sub-Fund’s Net Asset Value), in

equity and equity related securities of companies

listed, traded, located in or deriving the majority of

their revenue or income from emerging market

countries (including, but not limited to Brazil, Chile,

China, India, Indonesia, Korea, Mexico, Philippines,

Taiwan and South Africa).

The Investment Manager intends for the Sub-Fund to

have a broad industry exposure. There is also no

restriction on market capitalisation in relation to the

equity and equity-related securities which the Sub-

Fund may invest in. Stock selection focuses on

companies which have strong fundamentals and are

attractively valued with the aim of delivering long-term

capital growth. The Sub-Fund is predominantly an

equities portfolio. Allocations are made at the

Investment Manager’s discretion, based upon the

Investment Manager’s proprietary global thematic

investment approach.

The Sub-Fund may also invest in exchange traded

funds (ETFs) and exchange traded notes (ETNs)

listed or traded on Eligible Markets located worldwide

in order to provide exposure to equity markets. Any

investment in open-ended ETFs will be in accordance

with the investment limits for collective investment

schemes (up to 10% of the Sub-Fund’s Net Asset

Value) and any investment in closed-ended ETFs will

be up to 5% of the Sub-Fund’s Net Asset Value.

Investments in ETNs will not exceed 20% of the Sub-

Fund’s Net Asset Value. The Sub-Fund may invest up

to 10% of its Net Asset Value in securities listed or

traded on the Moscow exchange, and up to 10% of its

Net Asset Value in securities not listed or traded on

Eligible Markets.

A typical

investor has a

medium to

long-term

investment

horizon.

- 30 -


Typical

Investor















BNY Mellon

Japan Small

Cap Equity

Focus Fund


The investment objective of the Sub-Fund is long-term

capital growth through investment in a portfolio of small

cap equities traded on one or more of the official stock

exchanges in Japan.

Investment Strategy

The Sub-Fund aims to achieve its investment

objective by investing at least 80% of the Net Asset

Value of the Sub-Fund in the equity securities of small

capitalisation (stocks which are predominantly below

500 billion Yen) companies listed, or regularly traded

on an Eligible Market in Japan.

The Investment Manager’s strategy is to invest in a

concentrated portfolio of small cap equities of

companies located in Japan, listed or regularly traded

on a recognised exchange in Japan. The Investment

Manager will choose stocks for the portfolio based on

fundamental research on a medium to long-term

earnings outlook, generally on a three year view,

targeting to generate excess return over the

benchmark mainly through stock selection. The

investment process focuses on identifying companies

with qualities such as growth potential, the ability to

deliver longer term earnings above market

expectations, as well as attractive valuation.









A typical

investor has a

medium to

long-term

investment

horizon.

- 31 -


Typical

Investor







BNY Mellon

Global

Leaders Fund


The investment objective of the Sub-Fund is to achieve

long term capital growth.

Investment Strategy

The Sub-Fund invests primarily (meaning at least


equity and equity-related securities (common and

preferred stock, American depositary receipts and

global depository receipts, securities convertible into

or exchangeable for such equities) issued by “large

capitalisation companies” located worldwide. Large

capitalisation companies typically refer to companies

with a market capitalisation value of more than US$10

billion at the time of purchase however the minimum

market capitalisation threshold for the Sub-Fund is at

the discretion of the Investment Manager.















A typical

investor has a

medium to

long-term

investment

horizon.

BNY Mellon

Global Credit

Fund



total return from income and capital growth.

Investment Strategy


objective by investing the majority of its Net Asset

Value, meaning over 50%, in global credit markets.

The remaining assets will be invested in non-credit

debt and debt-related securities (debt and debt-

related securities issued by governments,

A typical

investor has a

medium to

long-term

investment

horizon.

- 32 -


Typical

Investor

supranationals and public international bodies),

currencies, cash and near cash assets.



use the Relative VaR methodology to assess the Sub-

Fund’s leverage and market risk volatility. The Sub-

Fund’s portfolio will not exceed twice the VaR on a

representative benchmark portfolio (using a 20

Business Day holding period). The Relative VaR

benchmark is the Bloomberg Barclays Global

Aggregate Credit Index (hedged to U.S. Dollars). The

gross leverage is expected to vary between 50% and

800% of the Net Asset Value. The gross leverage may

exceed this target level at times. For further

information on the Sub-Fund’s global exposure and

leverage, please refer to the section entitled








BNY Mellon

U.S. Equity

Income Fund


The investment objective of the Sub-Fund is to maximise

total returns from income and capital growth.

Investment Strategy

The Sub-Fund invests primarily (meaning at least two-

thirds of the Sub-Fund’s Net Asset Value) in equity

and equity-related securities (common and preferred

stock, Depositary Receipts, listed real estate

investment trusts (“REITs”) and master limited

partnerships) (“MLPs”), issued by “large capitalisation

companies” located in the U.S.













A typical

investor has a

medium to

long-term

investment

horizon.

- 33 -


Typical

Investor



BNY Mellon

Global Short-

Dated High

Yield Bond

Fund


The investment objective of the Sub-Fund is to deliver

positive returns greater than the Cash Benchmark on a 3-

year rolling basis.

Investment Strategy


objective by investing the majority of its Net Asset

Value, meaning over 50%, in a portfolio of high

yielding bonds with no geographical, industry or

sector focus (i.e. bonds that are considered by the

Investment Manager to be under-valued) that

generally mature or are expected to mature within 3

years.

The Sub-Fund may invest in debt and debt-related

securities which may be investment grade quality,

sub-investment grade quality (lower than BBB- at the

date of purchase as rated by Standard & Poor’s or

equivalent rating agencies) or unrated.















A typical

investor has a

medium to

long-term

investment

horizon.

BNY Mellon

U.S.

Municipal

Infrastructure

Debt Fund


The Sub-Fund seeks to provide as high a level of income

as is consistent with the preservation of capital.

Investment Strategy


objective by investing predominantly in a portfolio of

municipal bonds issued to finance infrastructure

sectors and projects in the United States of America,

its territories and possessions and which are listed or

traded on Eligible Markets.

A typical

investor has a

medium to

long-term

investment

horizon.

- 34 -


Typical

Investor

The Sub-Fund may invest in government and/or

corporate debt and debt-related securities which may

be fixed or floating rate securities (i.e. municipal

bonds, Variable Rate Demand Notes (VRDNs), tender

option bonds, Floating Rate Notes (FRNs), treasury

bills, agency bonds, zero coupon bonds, mortgage

backed securities, money market instruments (i.e.

commercial paper and bank deposits), private

placements (i.e. 144A bonds) and which are issued or

guaranteed by the U.S. government or its agencies,

local authority, public international bodies, banks,

corporates or other commercial issuers).














relevant Supplement in the Irish Prospectus relating to

the Sub-Fund.





BNY Mellon

Emerging

Markets Debt

Total Return

Fund


The Sub-Fund aims to generate a total return in excess of

the benchmark (as described below).

Investment Strategy

The Sub-Fund will measure its performance against a

composite benchmark. The constituents and weights

are 1/3 JP Morgan Government Bond Index –

Emerging Markets Global Diversified TR Index, 1/3 JP

Morgan Emerging Markets Bond Index Global

Diversified TR Index and 1/3 JP Morgan Corporate

Emerging Markets Bond Index Broad Diversified TR

Index.


objective by investing primarily (meaning at least


A typical

investor has a

medium to

long-term

investment

horizon.

- 35 -


Typical

Investor

fixed and floating rate debt and debt-related securities

issued by sovereigns, governments, supranationals,

agencies, public international bodies, financial

institutions, local authorities and corporates which are

economically tied or linked to emerging market

countries.

The Sub-Fund may invest more than 10% and up to

35% of its Net Asset Value in debt securities issued

and/or guaranteed by a single sovereign issuer

(including its government, public or local authority)

which is below investment grade. Examples of such

sovereign issuers are Brazil, Indonesia and Turkey.

The Sub-Fund may invest up to 15% of its Net Asset

Value in securities listed or traded on the Moscow

Exchange.


and efficient portfolio management purposes. The use

of FDI for investment purposes will not be extensive.

It will use the commitment approach as its global

exposure calculation methodology. The Sub-Fund’s

maximum leverage will be 100% of its total Net Asset

Value. For further information on the Sub-Fund’s





to the Sub-Fund.





BNY Mellon

Global

Infrastructure

Income Fund


The Sub-Fund aims