BNY Mellon Global High Yield Bond Fund U1 Income
ISIN GB00BQ7XBH72 / Valor 13314008
BNY Mellon Global High Yield Bond Fund U1 Income
UMushroom community rating:
General Objective
The fund aims to achieve income over the medium term (3-5 years) by investing globally, with at least 80% of the portfolio in sterling-denominated or hedged back to sterling fixed income securities and other debt instruments. It typically invests at least 75% of the portfolio in bonds rated below investment grade.
Fund Exposure
The fund is exposed to bonds rated below investment grade (BBB-) by Standard & Poor's, with a focus on the ICE Bank of America Global High Yield ex Bank Capital & Junior Subordinated (100% Hedged into sterling) TR Index as a comparator benchmark. It may also invest in emerging markets, money market instruments, deposits, cash, near cash, Contingent Convertible Securities (CoCo's), and other collective investment schemes.
Risks
Risks associated with this fund include credit risk, interest rate risk, market risk, liquidity risk, and currency risk. The fund's use of derivatives to achieve its investment objective may also introduce additional risks. Investors should carefully consider these risks before investing in the fund.
Source
https://www.bnymellonim.com/documents/uk/en/intermediary/Factsheet-MIF-BNY-Mellon-Global-High-Yield-Bond-Fund-UK-domiciled-Newton-X-Shares-Income-GB00B66N3V60-GB-en.pdf
Ratings & reviews
OTHER SHARE CLASSES OF THIS FUND
