BNY Mellon Income Booster Fund Sterling Income
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OBJECTIVE To provide income together with the potential for capital growth over the long term (5 years or more). POLICY The Fund will: – invest at least 80% of the portfolio in UK listed equities (company shares) and equity-related securities mainly of large companies which it believes offer more stable cash flows; – use derivatives (financial instruments whose value is derived from other assets) with the aim of risk or cost reduction or to generate additional capital or income; and – to generate additional income the Fund may enter into call options either as a buyer or a seller. As a buyer this gives the right, but not the obligation, to buy shares in the future at a fixed rate, therefore guaranteeing the purchase price. As a seller they agree to give the buyer of the option the underlying shares, at the agreed price, if the buyer exercises their option rights. The Fund may: – invest in money market instruments, deposits, cash and near cash; and – invest up to 10% in other collective investment schemes (including but not limited to another Sub-Fund or Sub-Funds of the Company). Benchmark: The Fund will measure its performance against the FTSE All-Share TR Index as a comparator benchmark (the "Benchmark"). The Fund will use the Benchmark as an appropriate comparator because it is representative of the UK equity market. The Fund is actively managed, which means the Investment Manager has discretion over the selection of investments subject to the investment objective and policies disclosed in the Prospectus. While the Fund's holdings may include constituents of the Benchmark, the selection of investments and their weightings in the portfolio are not influenced by the Benchmark. The investment strategy does not restrict the extent to which the Investment Manager may deviate from the Benchmark. OTHER INFORMATION Treatment of income: income from investments will be paid to shareholders monthly on or before the second last business day of each month. Dealing: you can buy and sell your shares in the Fund between 9:00 and 17:00 (UK time) on each business day in England and Wales. Instructions received before 12:00 will receive the price quoted on that day. The minimum initial investment for this share class is GBP 1,000.