Overview
Mobility Innovation is the disruptive, transformational shift in how we use power and control all means of mobility. It profoundly impacts businesses, governments and consumers by materially altering interactions across the mobility landscape. BNY Mellon Mobility Innovation Fund offers investors exposure to the development, adoption and integration of the soon-to-be ubiquitous technologies associated with a new era of smart mobility. The fund invests in approximately 40-60 holdings, stock selection relies on fundamental analysis and long-term thematic opportunity, constituent diversification objectives include end market assessment and revenue/cost opportunities. The investment team group the broad opportunities into four sub-themes:
- Connectivity
- Autonomous Vehicles
- Sharing
- Electrification
This allows the fund to seek opportunities in areas such as data analytics, 5G networks and other beneficiaries of the mobility trend.
About BNY Investments Newton
BNY Investments Newton are an equity and multi-asset investment manager focused on delivering strong investment outcomes through an active, research-driven approach.
Powered by their multi-dimensional research platform, Newton consists of four key core investment disciplines: income and value equities, growth and core equities, specialist equities and multi-asset strategies.
Fund Details
Investment Objective:
To achieve long-term capital growth by primarily gaining exposure to companies located worldwide that are focused on innovation in transportation and related technologies.
Performance Benchmark:
The Fund will measure its performance against the MSCI AC World NR Index (the "Benchmark"). The Fund is actively managed, which means the Investment Manager has absolute discretion to invest outside the Benchmark 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.
Investment team:
The Fund is managed by an experienced team with a wide range of backgrounds. In-house research analysts are at the core of our investment process, and our multidimensional research capabilities help to promote better-informed investment decisions.
Frank J. Goguen
Research analyst, Portfolio manager
Robert C. Zeuthen
Head of secular pod, Portfolio manager
The value of investments can fall. Investors may not get back the amount invested. Please refer to the prospectus and the KIID/KID before making any investment decisions. Documents are available in English and an official language of the jurisdictions in which the Fund is registered for public sale. Go to www.bny.com/investments.
Key risks
- Objective/Performance Risk: There is no guarantee that the Fund will achieve its objectives.
- Currency Risk: This Fund invests in international markets which means it is exposed to changes in currency rates which could affect the value of the Fund.
- Geographic Concentration Risk: Where the Fund invests significantly in a single market, this may have a material impact on the value of the Fund.
- Derivatives Risk: Derivatives are highly sensitive to changes in the value of the asset from which their value is derived. A small movement in the value of the underlying asset can cause a large movement in the value of the derivative. This can increase the sizes of losses and gains, causing the value of your investment to fluctuate. When using derivatives, the Fund can lose significantly more than the amount it has invested in derivatives.
- Emerging Markets Risk: Emerging Markets have additional risks due to less-developed market practices.
- Market Capitalisation Risk: Investments in the securities of small to medium-sized companies (by market capitalisation) may be riskier and less liquid (i.e. harder to sell) than large companies. This means that their share prices may have greater fluctuations.
- Share Class Hedging Risk: For hedged share classes the hedging strategy is used to reduce the impact of exchange rate movements between the share class currency and the base currency. It may not completely achieve this due to factors such as interest rate differentials.
- Shanghai-Hong Kong Stock Connect and/or the Shenzhen-Hong Kong Stock Connect ("Stock Connect") Risk: The Fund may invest in China A shares through Stock Connect programmes. These may be subject to regulatory changes and quota limitations. An operational constraint such as a suspension in trading could negatively affect the Fund's ability to achieve its investment objective.
- Counterparty Risk: The insolvency of any institutions providing services such as custody of assets or acting as a counterparty to derivatives or other contractual arrangements, may expose the Fund to financial loss.
- Environmental, Social and Governance (ESG) Investment Approach Risk: The Fund follows an ESG investment approach. This means factors other than financial performance are considered as part of the investment process. This carries the risk that the Fund's performance may be negatively impacted due to restrictions placed on its exposure to certain sectors or types of investments. The approach taken may not reflect the opinions of any particular investor. In addition, in following an ESG investment approach, the Fund is dependent upon information and data from third parties (which may include providers for research reports, screenings, ratings and/or analysis such as index providers and consultants). Such information or data may be incomplete, inaccurate or inconsistent.
- Mobility Innovation Companies Risk: The value of investments in Mobility Innovation Companies may be negatively impacted by changes in regulation and are dependent upon consumer and business acceptance of new technologies. The Fund's value may be more subject to market fluctuations than if it invested in a broader range of economic sectors.
A complete description of risk factors is set out in the Prospectus in the section entitled "Risk Factors".
3206501 Expiry: 31 March 2027