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Portfolio Holdings Change - BNY Mellon Global Equity Fund

Following a review, in consultation with the investment manager Newton Investment Management Limited (“Newton”), BNY Mellon Global Funds have taken the decision to make a small change to the BNY Mellon Global Equity fund.

Impacts on
these products

What is the change?

BNY Mellon have advised that on or around 31 March 2015 (the "Effective Date") they will make a small alteration to the number of holdings the fund will invest into.


There will be no change to the objective of the Global Equity Fund, which aims to achieve capital growth from a portfolio of international securities. However, to date, Newton has been managing the portfolio with a typical range of between 80 and 120 holdings. From the Effective Date, it is anticipated that the typical range of holdings will be in the region of 60 to 90.


This change reflects the investment managers conviction that a slightly more concentrated portfolio is appropriate in seeking to fulfil the fund’s objective.


The risk profile of the fund is not expected to alter as a result of this change.


As this is only a minor amendment to the fund we have not written to policyholders on this occasion.