BNY Mellon Absolute Return Credit Fund EUR W Acc

OBJECTIVE Aims to deliver a positive return in all market conditions. However, positive returns are not guaranteed. POLICY The Fund will: – invest in government or corporate, fixed or floating debt and debtrelated 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 ofthe 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 thatis constructed from the average interest rate at which Eurozone banks offer unsecured short-term lending on the inter-bank market. The Fund uses the Cash Benchmark as a target against which to measure its performance on a rolling 3-year basis after fees. The Fund is actively managed, which means the Investment Manager has discretion over the selection of investments, subject to the investment objective and policy. OTHER INFORMATION 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 EUR 15,000,000. The Fund is not subject to the UK sustainable investment labelling and disclosure requirements