BNY Mellon Absolute Return Bond Fund USD T Acc Hedged

Objectives and Investment Policy OBJECTIVE To provide a positive absolute return in all market conditions over a rolling 12 month period by investing primarily in debt and debtrelated securities and instruments located worldwide and in financial derivative instruments relating to such securities and instruments. POLICY The Fund will: – invest at least 70% in bonds, similar debt investments, derivatives (financial instruments whose value is derived from other assets) and other securities issued by worldwide governments, companies and other public entities; – invest in investment grade and/or sub-investment grade bonds without restrictions on credit quality as rated by Standard and Poor's or similar agencies; – invest on a long and synthetic short basis; – invest in derivatives 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 in currency investments; and – neither promote environmental and/or social characteristics pursuant to Article 8 of the Sustainable Finance Disclosure Regulation "SFDR" nor have sustainable investment as its objective pursuant to Article 9 of SFDR. Consequently, for the purposes of SFDR it is considered an Article 6 Fund. The Fund may: – invest up to 10% of its Net Asset Value (NAV) in other collective investment schemes; – invest in emerging markets; – invest up to 10% of its Net Asset Value (NAV) in Contingent Convertible Securities (CoCo's); – hold high levels of cash and money market instruments in certain circumstances; and – invest in structured products. A structured product is a type of investment that is usually manufactured by a financial institution. They are designed to give investors exposure to a particular type of underlying financial asset. The return from a structured product is likely to be closely linked to the performance of the underlying asset. They may be used as a way of gaining exposure to the performance of assets that would otherwise be difficult to access. 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 banks offer unsecured short-term lending on the inter-bank market. The Cash Benchmark is used as a primary target against which to measure its performance on a rolling 12 month basis after fees. The primary target is representative of cash returns. The Fund uses Cash Benchmark +3% per annum as a supplementary target against which to measure its performance on a rolling annualised 3 year basis before fees. The supplementary target is reflective of the maximum level of risk the Fund expects to take. Performance is expected to lie between these two targets; however, positive return is not guaranteed, and a capital loss may occur. The Fund is actively managed, which means the Investment Manager has discretion over the selection of investments, subject to the investment objective and policies disclosed in the Prospectus. OTHER INFORMATION Share Class Hedging: The Fund's base currency is EUR whereas this share class currency is USD. In order to reduce the risk of exchange rate movements between the share class currency and the base currency, a hedging strategy is used, although its outcome is not guaranteed. Treatment of income: net income generated will be retained within the Fund and reflected in the value of your shares. Dealing: you can buy and sell your shares in the Fund between 9:00 and 17:00 (Irish time) on each business day in Ireland. Instructions received before 12:00 will receive the price quoted on that day. The minimum initial investment for this share class is USD 5,000,000