BNY Mellon Global Funds PLC - BNY Mellon Absolute Return Equity Fund EUR R Acc Hedged
BNY Mellon Global Funds PLC (Open Ended Investment Company domiciled in Ireland)
Key Information
Legal Documents
Performance
Analysis

Fund Profile

Category: Open Ended Investment Company

OBJECTIVE To provide a positive absolute return in all market conditions. Performance aim: The Fund aims to deliver cash 1 month EURIBOR + 6% on a rolling annualised 5 year basis before fees. In doing so, the Fund aims to achieve a positive return over a rolling 12 month period. However, a positive return is not guaranteed and a capital loss may occur. POLICY The Fund will: – invest in Europe, with a bias towards the UK; – invest in company shares (i.e. equities) and similar investments; – invest in derivatives (i.e. financial contracts whose value is linked to the expected price movements of an underlying investment) with the aim of generating returns and reducing the overall costs and/or risks of the Fund. The Fund will take positions in specific pairs of company shares or similar investments. The Fund will increase exposure (i.e. hold a long position) to the investment it favours and short (using derivatives) the investment it does not favour. These strategies may result in the Fund being leveraged. Leverage magnifies the exposure of the Fund to greater than the underlying investments. In such situations, returns may rise or fall more than they would have done otherwise, reflecting such additional exposure; – invest significantly in cash and cash-like investments; – use techniques to reduce the effects of changes in the exchange rate between the share class currency and the base currency (i.e. the reporting currency) of the Fund; and – limit investment in other collective investment schemes to 10%. The Fund may: – invest in countries which may be considered emerging markets in Europe. Recommendation: the Fund may not be appropriate for investors who plan to withdraw their money within five years. Treatment of income: income from investments will be retained within the Fund. This will increase 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 working 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 5,000.

Morningstar Rating
N/A
More information about the calculation of the Morningstar Ratings
Neutral
Neutral
Risk and reward profile
3
Lower Risk
Possible Lower
Returns
Higher Risk
Possible Higher
Returns
Key Information
Closing Price 10/07/20201.04
Morningstar categoryAlt - Market Neutral - Equity
CurrencyEUR
Distribution statusAccumulating
ISINIE00B3T5WH77
Inception Date31/01/2011
Minimum initial amount90.00 EUR
Fees And Charges
Entry feeNone
Custody feeNone
Exit feeNone
Ongoing charge1.61% of which 0.65% is paid to MeDirect
Fund management company
AddressBNY Mellon Fund Management (Lux) S.A. 1, rue Jean-Pierre Brasseur Luxembourg 1258 Luxembourg
Manager NameAndrew Cawker
Manager Start Date31/01/2011
Websitehttp://www.bnymellonam.com
Total Net Assets (mil)299.15 EUR (30/06/2020)
UCITSYes
AdministratorBNY Mellon Fund Services (Ireland) Designated Activity Company

Documents

Prospectus
en 22/05/2020
Annual Report
en 31/12/2019
Semi Annual Report
en 30/06/2019
Morningstar Report
12/07/2020

Performance

Historical returns are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Entry fees, purchase charges, custody fees, exit fees, sale charges and taxes are not included in the calculation of past performance. Ongoing charges (including management fees, administrative fees and other costs) have been taken in to account, as they are already included in the price/NAV of the fund.
Annualised performance in EUR
PeriodAnnualised returnDate
1 year-2.36%10/07/2020
3 years-2.95%10/07/2020
5 years-1.92%10/07/2020
Since launch0.41%10/07/2020
Cumulative performance in EUR
Performance
YTD 01/01/2020-0.51
1 month0.37
3 months1.26
6 months-0.39
Quarterly Returns
Q 1Q 2Q 3Q 4
2020-1.34%0.68%--
2019-1.36%-0.74%-0.87%-0.49%
20181.12%-1.66%-1.18%-4.07%
2017-0.84%0.94%0.54%0.27%
2016-1.47%-1.24%1.56%-0.39%
Dividend

Asset Allocation
% Long% Short% Net Assets
Stock26.50%21.73%4.77%
Bond22.28%0.00%22.28%
Cash154.32%79.90%74.42%
Other14.64%16.11%-1.47%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
6.416.707.24
Sharpe Ratio
-0.69-0.75-0.36
Sortino Ratio
-0.92-0.96-0.50
Positive Months5.0013.0025.00
Negative Months7.0023.0035.00
Worst Month-1.12-1.81-1.81
World Regions
Region%
Eurozone11.88
United Kingdom11.67
Europe - ex Euro2.93
United States0.03
Europe - Emerging0.00
Latin America0.00
Stock Sector Weighting
Sector% of Equity
Financial Services8.49
Healthcare5.09
Industrials3.32
Consumer Cyclical
3.22
Energy3.21
Consumer Defensive
1.03
Communication Services0.80
Real Estate0.77
Technology0.32
Basic Materials0.17
Utilities0.09
Top 10 Holdings
HoldingSectorCountry% of Assets
ILF GBP Liquidity 2 Ireland9.38
United Kingdom of Great Britain and Northern Ireland 2% United Kingdom6.13
ASB Finance Ltd London Branch New Zealand4.57
ABN AMRO Bank N.V. Netherlands4.57
Bank of Nova Scotia 06/11/2021Canada4.53
OP Corporate Bank plc Finland4.52
National Australia Bank Limited Australia3.65
Grifols SA ADR HealthcareSpain3.44
Royal Dutch Shell PLC B EnergyUnited Kingdom3.11
United Kingdom of Great Britain and Northern Ireland 0% 04/06/2020United Kingdom3.05
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
Equity Style
Large
Size
Mid
Small
Value
Blend
Growth
Style
1.04
Closing Price
All key information and documents must be reviewed before being able to Invest.