BNY Mellon Absolute Return Equity Fund EUR R Acc Hedged

The Sub-Fund aims to provide a positive absolute return in all market conditions. Investment Policy The Sub-Fund aims to achieve its objective over a rolling twelve month period through discretionary investment management and may employ a range of hedging techniques. However, a positive return is not guaranteed and a capital loss may occur. The overall policy consists of two distinct elements. First, the Sub-Fund seeks to generate long-term capital growth from investing in a range of equity and equity-related securities (including warrants, preference shares and convertible preference shares) of companies primarily in Europe (including the United Kingdom and countries which may be considered emerging markets within Europe) listed or traded on any Eligible Markets set out in Appendix II and FDI permitted by the UCITS Regulations. The use of FDI forms an important part of the investment strategy as outlined below.