BNY MELLON
Global credit that flexes as markets move
The BNY Mellon Global Credit Fund aims to capture the finest ideas in global investment-grade credit, while providing the flexibility to venture beyond benchmarks. This strategy includes high conviction investments in high yield, loans, asset-backed securities, and emerging market debt, making it a sophisticated and versatile choice for investors.
Why invest in
BNY Mellon Global Credit Fund?
01
Global credit offers an attractive return versus regional credit:
Rising yields and solid credit fundamentals have created a compelling market opportunity for a flexible approach.
02
Flexibility across credit markets while maintaining an investment grade risk profile:
A dynamic asset allocation across credit markets allows to respond to changing market opportunities and provides improved diversification and liquidity.
03
A truly global opportunity set with risk diversification:
Investing globally creates diversification benefits and provides investors the opportunity to pursue alpha and navigate pockets of volatility.
Please refer to fund documents.
Global allocation provides better risk-adjusted performance
Data is hedged into EUR. Source: Bloomberg as at 31 December 2024. US corporate: ICE BofA 5-10 Year US Corporate Index, Euro corporate: ICE BofA 5-10 Year Euro Corporate Index, UK corporate: ICE BofA 5-10 Year Sterling Corporate Index, Global corporate: ICE BofA 5-10 Year Global Corporate Index. The dotted line shows global corporate level for volatility and drawdown.
Size of bond markets
Source: Bloomberg as at 31 December 2024. Data is for illustrative purposes only. USA: ICE BofA US Broad Market Index (US00), UK: ICE BofA Sterling Broad Market Index (UK00), Europe: ICE BofA Euro Broad Market Index (EMU0), Asia: ICE BofA Asian Dollar Investment Grade Index (ADIG).
Source: Bloomberg as at 28 December 2023. Data is for illustrative purposes only. Performance calculated as total return, income reinvested, gross of fees in USD. Fees and charges apply and can have a material effect on the performance of your investment. Global Corporate: LGCPOAS Index; Euro Corporate: LECPOAS Index; US Corporate: LUACOAS Index; Sterling Corporate: LC61OAS Index.
Why Insight for global credit?
Insight’s approach is to take active positions to aim for consistent outperformance in all markets.
Source: BNY Investments and Morningstar Direct. Time period is from 12/31/2019 to 31/12/2024. Calculation benchmark: Bloomberg Global Aggregate Credit TR Hedged USD Index. Rolling window: 1 year. Fund performance for the USD W (Acc.) calculated as total return, based on net asset value, including charges, but excluding initial charge, income reinvested gross of tax, expressed in share class currency. Inception: 29 February 2016. The impact of the initial charge, which may be up to 5%, can be material on the performance of your investment. Performance figures including the initial charge are available upon request.
What makes Insight different?
Specialist fixed income manager:
Singular focus to deliver best in class performance.
Truly global approach:
Not relying on a single region and taking global relative value decisions ensures every trade contributes top down and bottom up.
Investment process focused on consistent alpha generation:
Use of units of risk, landmine checklist, and duration drivers to add potential value and in different market environments.
Credit decisions drive returns:
Not affecting your asset allocation, you get what you pay for.
Opportunistic and dynamic:
Aims to improve risk-adjusted returns.
Managers and team
Global Credit team
SHAUN CASEY, CFA
Porfolio Manager
ALEX SCHIFFELDRIN, CFA
Porfolio Manager
NATE HYDE, CFA (BOS)
Senior Portfolio Manager
PETER HORSFALL (BOS)
Portfolio Analyst
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
PAST PERFORMANCE IS NOT A GUIDE TO FUTURE PERFORMANCE.
Calender year and YTD returns (%)
| Period | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | YTD 2025 |
| Fund | - | - | 5.51 | -1.08 | 12.62 | 12.46 | -0.45 | -12.68 | 9.17 | 4.51 | 1.51 |
| Benchmark | -0.13 | 5.69 | 5.36 | -0.47 | 11.85 | 7.78 | -0.95 | -14.22 | 8.68 | 3.52 | 1.60 |
Returns may increase or decrease as a result of currency fluctuations.
Source: Lipper as at 31 March 2025. Fund performance USD W (Acc) calculated as total return , based on net asset value, including charges, but excluding initial charge, income reinvested gross of tax, expressed in share class currency. The impact of the initial charge, which may be up to 5%, can be material on the performance of your investment.Performance figures including the initial charge are available up on request.
The value of investments can fall. Investors may not get back the amount invested. Income from investments may vary and is not guaranteed
Please refer to the prospectus and the 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
KEY INVESTMENT 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.
- 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.
- Changes in Interest Rates & Inflation Risk: Investments in bonds/ money market securities are affected by interest rates and inflation trends which may negatively affect the value of the Fund.
- Credit Ratings and Unrated Securities Risk: Bonds with a low credit rating or unrated bonds have a greater risk of default. These investments may negatively affect the value of the Fund.
- Credit Risk: The issuer of a security held by the Fund may not pay income or repay capital to the Fund when due.
- Emerging Markets Risk: Emerging Markets have additional risks due to less-developed market practices.
- CoCo's Risk: Contingent Convertible Securities (CoCo's) convert from debt to equity when the issuer's capital drops below a pre-defined level. This may result in the security converting into equities at a discounted share price, the value of the security being written down, temporarily or permanently, and/or coupon payments ceasing or being deferred.
- 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.
- Geographic Concentration Risk: Where the Fund invests significantly in a single market, this may have a material impact on the value of the Fund.
- China Interbank Bond Market and Bond Connect Risk: The Fund may invest in China interbank bond market through connection between the related Mainland and Hong Kong financial infrastructure institutions. These may be subject to regulatory changes, settlement risk and quota limitations. An operational constraint such as a suspension in trading could negatively affect the Fund's ability to achieve its investment objective.
- Subordinated Debt Risk: Subordinated Debt carries a greater level of risk compared to unsubordinated debt because it receives a lower priority level in terms of its claims on a company's assets in the case of the borrower's default. For a full list of risks applicable to this fund, please refer to the Prospectus or other offering documents.
2541709 Expiry 20 January 2026