BNY Mellon Absolute Return Global Convertible Fund GBP U Acc Hedged

OBJECTIVE To deliver a positive return in all market conditions, however positive returns are not guaranteed. POLICY The Fund will: – aim to achieve its objective on a rolling 3 year basis, after fees; – invest anywhere in the world with no particular industry or sector focus; – invest on a long and short basis; – invest in convertible bonds issued by corporates which are likely to be unrated and considered equivalent to sub-investment grade instruments; – invest in company shares (i.e. equities) and similar investments; – in addition to convertible bonds, invest in other debt and debtrelated securities issued by corporates and governments with no minimum credit ratings; – invest principally in derivatives (financial instruments whose value is derived from other assets) to help achieve its objective. The Fund will also use derivatives with the aim of risk or cost reduction or to generate additional capital or income; 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 aggregate in collective investment schemes; – invest over 20% of its NAV in emerging market countries, including China and India; and – invest significantly in cash and money market instruments in extreme market conditions. Benchmark: The Fund will measure its performance against 1 Month EURIBOR (the "Cash Benchmark"). EURIBOR is the Euro Interbank Offer Rate and is a reference rate thatis 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 target against which to measure its performance on a rolling annualised 3 year basis before fees. 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 GBP. 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 day which is a business day in Ireland and the U.S. Instructions received before 12:00 will receive the price quoted on that day. The minimum initial investment for this share class is GBP 15,000,000.