BNY Mellon Efficient US Fallen Angels Beta E EUR Hdg

Objectives Investment objective To generate a return in excess of the Benchmark (detailed below) with similar levels of volatility over the medium to long-term before fees and expenses, whilst taking environmental, social and governance ("ESG") factors into account. Investment policies The Fund will: invest the majority of its Net Asset Value (NAV) in Fallen Angels included in the Benchmark. Fallen Angels are defined as sub-investment grade bonds and similar debt securities (rated Ba1/BB+/BB+ or below by Standard & Poor's, Moody's Investor Services, Fitch Ratings or an equivalent recognised rating agency) that were previously rated as investment grade; invest in derivatives (financial instruments whose value is derived from other assets) to help achieve the Fund's investment objective. The Fund will also use derivatives with the aim of risk or cost reduction or to generate additional capital or income; and promote environmental and social characteristics pursuant to Article 8 of the Sustainable Finance Disclosure Regulation ("SFDR"). The Fund may: invest in fixed rate corporate and government bonds and similar debt securities; invest in bonds and similar debt securities not included in the Benchmark but are expected to be included in the future; invest up to 10% of its NAV in aggregate in collective investment schemes including open-ended exchange traded funds (ETFs); invest up to 10% of its NAV in aggregate in transferable securities which are not admitted to or dealt in on an eligible market; and hold cash for the purpose of hedging or liquidity. Benchmark The Fund will measure its performance against Bloomberg US HY Fallen Angel 3% Cap TR Index (the "Benchmark"). The Investment Manager will use the Benchmark to construct the investment universe. The Fund is actively managed and does not seek to replicate the full constituents of the Benchmark. The Investment Manager has limited discretion to invest outside the Benchmark where the relevant security me

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No