CHARACTERISTICSManaged by Insight’s 103-strong fixed income team which includes 41 credit specialists*

The Fund’s performance is primarily driven by credit strategy and security selection, with the ability to take duration and currency positions to diversify sources of return.

Minimum 70% exposure to investment grade credit.

Follows a sophisticated and repeatable investment process drawing on Insight’s specialist expertise across fixed income.

Substantial experience in managing credit, interest rate, yield curve, currency and other risks.

WHY INVEST IN THIS FUND?

INVESTMENT MANAGERInsight is a specialist in active fixed income, absolute return and liability-driven investment.

ASSET CLASSEQUITIES

FIXED INCOME

MULTI-ASSET

SPECIALIST

Diversification with precision – targeting global investment grade credit best ideas

The BNY Mellon Global Credit Fund offers investors exposure to the global credit markets through an actively managed portfolio that invests predominantly in investment grade credit with the flexibility to invest across the credit spectrum.

1 OUTCOME FOCUS: Targets consistent outperformance of the Barclays Global Aggregate Credit Index through a high-conviction and actively managed portfolio of global investment grade credit best ideas.

2 INVESTMENT FLEXIBILITY: While the Fund is primarily focused on global investment grade credit, there is flexibility to selectively invest off benchmark in high yield, loans, asset-backed securities and emerging market debt. The portfolio managers can also use derivatives to isolate credit, interest rate and currency risk as well as selectively shorting certain credits whilst maintaining an overall long bias in the portfolio.

3 DIVERSIFYING HOME BIAS: Credit investors tend to be overexposed to their domestic region. Going global widens the opportunity set providing access to higher yielding investment grade credit. It also allows investors to take advantage of asynchronous credit cycles and relative value opportunities across markets.

4 STRONG TRACK RECORD IN GLOBAL CREDIT: The team managing the fund has generated robust performance through both risk-on and risk-off periods since inception of the strategy in 2011.

BNY Mellon Global Credit Fund

FOR PROFESSIONAL CLIENTS AND, IN SWITZERLAND, FOR QUALIFIED INVESTORS ONLY BNY MELLON GLOBAL FUNDS, PLC

REGIONS

*Source: Insight as at 31 March 2017.

INVESTMENT TEAMInsight’s fixed income team is distinguished by its specialist expertise, industry knowledge and strong long-term performance track record.

– The Fund is co-managed by Peter Bentley and Adam Whiteley who have an average of 15 years’ industry experience.1

– The investment process draws on the specialist teams based in London and New York, combining local knowledge with global expertise.

INVESTMENT PHILOSOPHYInsight’s fixed income investment philosophy focuses on the delivery of consistent performance by the application of two key investment principles: precision and diversification. In assessing investment opportunities, the team seeks to include only those elements of market risk that they consider attractive, and to eliminate unintended risks.

Risk and return are actively managed across a broad range of investment opportunities; this is done to ensure that the sources of added value are diverse, and that no single allocation decision comes to dominate performance over time.

INVESTMENT PROCESSTOP-DOWN AND BOTTOM-UP APPROACH Five broad investment areas have been identified as the main potential sources of both risk and added value within the Fund. The primary focus is credit strategy and security selection drawing upon the additional areas of market allocation, duration/yield curve positioning and currency selection. The level of emphasis on each area can vary at different points in time, in accordance with the prevailing market conditions.

Insight believes effective communication is essential and so the process is contingent on the flow of information between their global investment professionals, who conduct a number of formal daily, weekly and monthly meetings. Their fund managers combine top-down views with bottom-up convictions and allocate risk in accordance with their bespoke risk framework.

1. Source: Insight, as at 31 March 2017.

SOURCES OF RETURN: CREDIT STRATEGY AND SECURITY SELECTION ARE PRIMARY DRIVERS

Source: Insight, for illustrative purposes only.

CREDIT STRATEGY

SECURITY SELECTION

DURATION AND YIELD CURVE

MARKET ALLOCATION

CURRENCY SELECTION

{{Primary drivers

Diversifiers of risk

SECURITY SELECTION: INVESTING IN THE BEST BONDS FROM THE RIGHT COMPANIES

– Targeting investment in markets where credit yield premia or ‘spreads’ offer best value

– Opportunities to exploit inefficiencies – Picking the best global industry sectors.

– Picking the best value corporate bond issuers – Exploiting bottom-up value opportunities between markets.

ISSUER SELECTION

QUANTITATIVE SCREENS

FUNDAMENTAL CREDIT RESEARCH

VALUATION ASSESSMENT

INSTRUMENT SELECTION

Initial screen

869 IG 303 HY

667 IG 203 HY

581 IG 151 HY

COVERAGE MODEL

+

INVESTMENT PROCESS

CREDIT PORTFOLIO

Important informationPast performance is not a guide to future performance. The value of investments can fall. Investors may not get back the amount invested. For Professional Clients and, in Switzerland, for Qualified Investors only. This is a financial promotion and is not investment advice. For a full list of risks applicable to this fund, please refer to the Prospectus or other offering documents. Before subscribing, investors should read the most recent Prospectus, financial reports and KIID for each fund in which they want to invest. Go to www.bnymellonim.com. Investment Managers are appointed by BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA) or affiliated fund operating companies to undertake portfolio management activities in relation to contracts for products and services entered into by clients with BNYMIM EMEA or the BNY Mellon funds. Any views and opinions are those of the investment manager, unless otherwise noted. Calls may be recorded. Portfolio holdings are subject to change, for information only and are not investment recommendations. Investments should not be regarded as short-term and should normally be held for at least five years. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and its subsidiaries. The Fund is a sub-fund of BNY Mellon Global Funds, plc, an open-ended investment company with variable capital (ICVC), with segregated liability between sub-funds. Incorporated with limited liability under the laws of Ireland and authorised by the Central Bank of Ireland as a UCITS Fund. The Management Company is BNY Mellon Global Management Limited (BNY MGM), approved and regulated by the Central Bank of Ireland. Registered address: 33 Sir John Rogerson’s Quay, Dublin 2, Ireland. In Austria, the current Prospectus and the Key Investor Information Document are available free of charge from Raiffeisen Zentralbank Österreich Aktiengesellschaft, Am Stadtpark 9, A-1030 Vienna. In Belgium, the KIID, Prospectus, articles of association and latest annual report are freely available upon request to from the paying agent : JP Morgan Chase Bank, 1 Boulevard du Roi Albert II, B-1210 Bruxelles, Belgium. The Prospectus, KIIDs, articles of association, annual and half-yearly financial reports are available in French. In Germany, the prospectus is available from BNY Mellon Investment Management EMEA Limited, German branch, MesseTurm Friedrich-Ebert-Anlage 49, 60308 Frankfurt am Main, Germany. In France, the KIID, Prospectus, articles and latest annual report are freely available upon request to the centralising agent: BNP Paribas Securities Services, 3 rue d’Antin, 75002 Paris, tél: 00 33 1 42 98 10 00. In Spain, BNY Mellon Global Funds is registered with the CNMV, Registration No. 267. In Switzerland, the Company is established as an open-ended umbrella type investment company under Irish law and the Sub-funds are authorised by FINMA for distribution to non-qualified investors in or from Switzerland. The Swiss representative is Carnegie Fund Services S.A., 11, rue du Général-Dufour, 1204 Geneva. The Swiss paying agent is Banque Cantonale de Genève, 17, quai de l’Ile, 1204 Geneva. Investors in Switzerland can obtain the documents of the Company, such as the Prospectus, the KIIDs, the Memorandum and Articles of Association, the semi-annual and annual reports, each in their latest version as approved by FINMA, in German, and further information free of charge from the Swiss representative. BNY Mellon Investment Management EMEA Limited, BNY MGM, and any other BNY Mellon entity mentioned are all ultimately owned by The Bank of New York Mellon Corporation. Issued in UK , Jersey and Europe (excl. Switzerland) by BNY Mellon Investment Management EMEA Limited, BNY Mellon Centre, 160 Queen Victoria Street, London EC4V 4LA. Registered in England No. 1118580. Authorised and regulated by the Financial Conduct Authority. Issued in Switzerland by BNY Mellon Investments Switzerland GmbH, Talacker 29, CH-8001 Zürich, Switzerland. Authorised and regulated by the FINMA. PC00247 Exp. 09 Dec 2017. T5750 06/17

TO LEARN MORE ABOUT THIS FUND PLEASE CONTACT US:

+44 (0)20 7163 2367

internationalsales@bnymellon.com

www.bnymellonim.com

GENERAL INFORMATIONFund launch date 29/02/2016

Base currency USD

Available currencies CAD, CHF, EUR, GBP, USD

Comparative index Barclays Global Aggregate Credit Index

Fund managers Peter Bentley and Adam Whiteley

INVESTMENT PARAMETERS – TYPICAL RANGES – Investment grade credit 70-100%

– High yield bonds, asset backed securities, government bonds and emerging market debt 0-10%

– Collective investment schemes 0-5%

– Interest rate duration 5-7yrs

– Non-corporate BBB/BB 2/1%

– Gross exposure 75-150%

– Net exposure 75-100%

FUND OBJECTIVEThe Fund aims to achieve a total return from income and capital growth.