BNY Mellon Absolute Return Credit W Dis EUR

Objectives Investment objective Aims to deliver a positive return in all market conditions. However, positive returns are not guaranteed. Investment policies The Fund will: invest in government or corporate, fixed or floating debt and debt-related securities; invest in investment grade, below investment grade and unrated debt and debt- related securities; invest on a long and synthetic short basis; invest globally with no particular industry or sector focus; 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; invest at least 10% of its Net Asset Value (NAV) in issuers that meet the definition of sustainable investment under SFDR; exclude from investment corporate issuers with material involvement in activities the Investment Manager deems harmful from an environmental and/or social perspective e.g. tobacco production. All corporate issuers in which investments are made follow good governance practices; and promote environmental and social characteristics pursuant to Article 8 of the Sustainable Finance Disclosure Regulation ("SFDR"). The Fund may: invest up to 10% of its NAV in contingent convertible securities ("CoCos"); invest up to 10% of its NAV in aggregate in collective investment schemes, including money market and exchange traded funds; invest over 20% of its NAV in emerging market countries; invest up to 50% of its NAV in sub-investment grade (below BBB- or equivalent as rated by a Recognised Rating Agency) and unrated securities; and hold high levels of cash and money market instruments in certain circumstances. Benchmark The Fund will measure its performance against 3 Month EURIBOR (the "Cash Benchmark"). EURIBOR is the Euro Interbank Offer Rate and is a reference rate that is constructed from the average interest rate at which Eurozone ba

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No