BNY Mellon HK Individual factsheets_HKE
Single-2021-10-31.bookPERFORMANCE SUMMARY (%)
Source: Lipper as at 31 October 2021. Performance is shown for USD
A (Acc.) unless oth- erwise stated. Total Return, including ongoing
charge, but excluding initial charge, net of performance fees (if
applicable), 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 upon
request. The computation basis of the performance is based on
NAV-To-NAV, with dividend rein- vested. Past performance presented
is not indicative of future performance. Please refer to page 2 for
performance benchmark disclosure.
Important Information For Hong Kong Investors The Fund may invest
in smaller companies which may be more volatile in share
prices and less liquid than larger companies. The Fund primarily
invests in equity and equity-related securities. Investment in the
Fund may fall in value and there is no guarantee of the
repayment of principal. The Fund may invest in assets which are
denominated in currencies other than the
base currency of the Fund and may be exposed to fluctuations in
foreign exchange rates and exchange rate controls.
The Fund may invest in emerging markets and may subject to risks of
(i) social, political and economic instability; (ii) lack of
liquidity; (iii) higher price volatility; (iv) national policies
restrictions; (v) less developed legal structures; (vi) currency
risks/control, settlement risks and custody risks.
The Fund may invest in derivatives which are volatile. This could
cause the Fund to lose more than the principal amount invested. The
Fund may use derivatives for efficient portfolio management (EPM).
EPM's restrictions may reduce the opportunity of the Fund to
benefit from favorable market environment.
The Fund is subject to concentration risk due to investment being
limited to Asia (excluding Japan). Such geographic concentration
may result in the Fund being more susceptible to adverse economic,
political, policy, foreign exchange, liquidity, tax, legal or
regulatory event affecting the Asia (Excluding Japan) region.
The Fund may be subject to counterparty risk due to insolvency of
any institutions involved.
Investors should not rely solely on this document to make
investment decision. Please read the offering documents carefully
for further details including risk factors.
Annualised
USD A (Acc.) 2.32 3.29 -4.04 14.54 24.54 13.02
Benchmark 1.74 -0.17 -0.24 16.12 14.11 10.90
Sector 1.87 -0.11 1.10 17.76 13.77 9.67
No. of funds in sector 183 181 174 173 151 135
Quartile 2 1 4 3 1 1
2020 2019 2018 2017 2016
USD A (Acc.) 57.04 25.10 -25.00 39.67 2.18
Benchmark 22.75 19.48 -13.68 37.32 7.06
INVESTMENT MANAGER
INVESTMENT OBJECTIVE To achieve long term capital growth through
investment primarily (meaning at least two- thirds of the Fund's
assets) in a portfolio of equity and up to one-third of the
Sub-Fund's assets in a portfolio of equity-related securi- ties of
companies located in Asia (excluding Japan) or deriving a
preponderant part of their income therefrom. GENERAL INFORMATION
Total net assets (million) USD 63.37 Active Share (%) 75.2
Benchmark MSCI AC Asia Pacific ex Japan TR Lipper Sector Lipper
Global - Equity Asia
Pacific Ex Japan Fund type ICVC Fund domicile Ireland Fund manager
Paul Birchenough / Ian Smith Base currency USD Fund launch 29 Jan
1988 Financial year end 31 Dec USD A (ACC.) SHARE CLASS DETAILS
Inception date 10 Dec 2001 Min. initial investment USD 5,000 Annual
mgmt charge 2.00% Max. initial charge 5.00% ISIN IE0003795394
Bloomberg MELADA1 NAV USD 5.4916 For more information, please
contact your bank or financial adviser, or contact us via: Tel:
(852) 3926 0600 Email:
[email protected]
Newton Investment Manage- ment: Newton pursues a distinc- tive
global thematic investment approach and provides added value from
extensive proprietary research.
BNY MELLON GLOBAL FUNDS, PLC AS AT 31 OCTOBER 2021.
BNY Mellon Asian Equity Fund
GEOGRAPHICAL ALLOCATION (%) INDUSTRIAL ALLOCATION (%)
Tencent Holdings Ltd. 5.3
AIA Group Limited 4.0
LONGi Green Energy Technology Co Ltd Class A 3.1
ASML Holding NV 2.8
Information Technology 28.0 20.4
Consumer Staples 10.8 5.0
Communication Services 12.6 9.4
Financials 16.3 21.5
BNY Mellon Asian Equity Fund: As at 31 October 2021
Source: BNY Mellon Investment Management EMEA Limited Portfolio
holdings are subject to change, for information only and are not
investment recommendations.
WARNING
This material is not intended as investment advice. Investment
involves risk. Past performance is not a guide to future
performance. The offering documents and the Key Facts Statements
(KFS) should be read before an investment is made. Investment
returns may be exposed to exchange rate fluctuations. The value of
investments may go down or up. All information has been prepared by
BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA). BNYMIM
EMEA and its affiliates are not responsible for any subsequent
investment advice given based on the information supplied. This
document may not be used for the purpose of an offer or
solicitation in any jurisdiction or in any circumstances in which
such offer or solicitation is unlawful or not authorised. This
material should not be published or distributed without due
authorization from issuer. No warranty is given as to the
completeness of this information and no liability is accepted for
omissions in such information. You should not rely on this document
alone to make investment decisions. If you are in any doubt about
any of the contents of this document, you should obtain independent
professional advice. The Fund is a sub-fund of BNY Mellon Global
Funds, plc (BNY MGF), an open-ended investment company with
variable capital (ICVC) with segregated liability between
sub-funds. Incorporated with limited liability under the laws of
Ireland and authorized by the Central Bank of Ireland as a UCITS
fund. The Fund may not be registered for sale in some markets. In
Hong Kong, the issuer of this document is BNY Mellon Investment
Management Hong Kong Limited, which is registered with the
Securities and Futures Commission (Central Entity Number: AQI762).
This document has not been reviewed by the Securities and Futures
Commission. BNYMIM EMEA, BNY Mellon Investment Management Hong Kong
Limited and any other BNY Mellon entity mentioned are ultimately
owned by The Bank of New York Mellon Corporation.
AP3852-27-09-2021(12M)
PERFORMANCE BENCHMARK
The Fund will measure its performance against the MSCI AC Asia
Pacific ex Japan TR 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.
(%)
%
Y Y Y
Y
Y Y
PRODUCT KEY FACTS
1
This statement provides you with key information about this
product. This statement is a part of the offering document. You
should not invest in this product based on this statement
alone.
QUICK FACTS
Manager BNY Mellon Fund Management (Luxembourg) S.A. Investment
Manager Newton Investment Management Limited
Location: United Kingdom
Depositary The Bank of New York Mellon SA/NV Dublin Branch
Ongoing charges over a year# Class Ongoing Charges
Class USD A 2.32%
Class USD B 1.82%
Class USD C 1.32%
Base currency US Dollars
Class USD A USD5,000 No additional investment amount
restriction
Class USD B USD10,000 No additional investment amount
restriction
Class USD C USD5,000,000 No additional investment amount
restriction
Financial year end of this fund 31 December #The ongoing charges
figure is calculated based on expenses for the year ended 31
December 2020 and may vary from year to year. More information on
charges is available in the Prospectus.
WHAT IS THIS PRODUCT? BNY Mellon Asian Equity Fund (the “Fund”) is
a sub-fund of BNY Mellon Global Funds, plc (the “Company”) which is
a fund constituted in the form of a mutual fund. It is domiciled in
Ireland and its home regulator is Central Bank of Ireland.
BNY MELLON ASIAN EQUITY FUND
March 2021
2
OBJECTIVES
To achieve long term capital growth through investment primarily
(meaning at least two-thirds of the Fund's assets) in a portfolio
of equity and up to one-third of the Fund's assets in a portfolio
of equity-related securities of companies located in Asia
(excluding Japan) or deriving a preponderant part of their income
therefrom.
STRATEGY
The Fund will invest primarily, meaning at least two-thirds of the
Fund's assets, in a portfolio of equity and up to one-third of the
Fund’s assets in a portfolio of equity-related securities including
convertible bonds (usually unrated), convertible preference shares
and warrants (subject to a 10% limit of Net Asset Value of the Fund
in the case of warrants) of companies located in Asia (excluding
Japan) or deriving a preponderant part of their income from Asia
(excluding Japan). Investment may be made in both developed and
emerging Asian regions (excluding Japan). Up to one-third of the
Fund's assets may also be invested in equity and equity-related
securities of companies neither located in Asia (excluding Japan)
nor deriving a preponderant part of their income from Asia
(excluding Japan). The Fund may invest less than 30% of its Net
Asset Value in A-shares via the Stock Connect, which comprises the
Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock
Connect. The majority of the Fund’s investment shall be listed or
traded on Eligible Markets located in Asia and the Pacific Region.
In addition, the Sub-Fund will not invest more than 10% of its Net
Asset Value in aggregate in collective investment schemes. The Fund
may use financial derivatives instruments (“FDI”) for efficient
portfolio management purposes. However, FDI are not used
extensively or primarily for investment purposes.
USE OF DERIVATIVES / INVESTMENT IN DERIVATIVES
The Fund’s net derivative exposure may be up to 50%.
WHAT ARE THE KEY RISKS? Investment involves risks. Please refer to
the prospectus for details including the risk factors.
INVESTMENT RISK
The Fund is an investment fund. There is no guarantee of the
repayment of principal. The Fund’s investment portfolio may fall in
value and therefore your investment in the Fund may suffer
losses.
CURRENCY RISK
Underlying investments of the Fund may be denominated in currencies
other than the base currency of the Fund. The Net Asset Value of
the Fund may be affected unfavorably by fluctuations in the
exchange rates between these currencies and the base currency and
by changes in exchange rate controls.
EMERGING MARKET RISK
The Fund may invest in emerging markets. These markets have
additional risks due to less developed market infrastructures.
These investments may also experience high degree of volatility and
fluctuations in their value. Risks include (i) greater risk of
expropriation, confiscatory taxation, nationalisation and social,
political and economic stability; (ii) the small current size of
the markets for securities of emerging markets issuers and the
currently low or non-existent volume of trading, resulting in lack
of liquidity and in price volatility; (iii) certain national
policies which may restrict the Fund's investment opportunities
including restrictions on investing in issuers or industries deemed
sensitive to relevant national interests; (iv) the absence of
developed legal structures governing private or foreign investment
and private property; and (v) currency risks/control, settlement
risks and custody risks.
DERIVATIVES RISK
3
Using derivatives can involve a higher level of risk. A small
movement in the price of an underlying investment may result in a
disproportionately large movement in the price of the derivative
investments. This could increase the volatility of the Fund’s price
and cause the Fund to suffer losses. This Fund may use derivatives
for efficient portfolio management (EPM) purposes. EPM restricts
the use of derivatives for the reduction of risk, the reduction of
cost and the generation of additional capital or income with no or
an acceptable low level of risk. This may reduce the opportunity
for the Fund to benefit from favourable market movements.
CONCENTRATION RISK
The Fund is managed as a concentrated portfolio due to investment
being limited to Asia (excluding Japan) region, giving rise to
concentration risk. A fall in the markets of Asia (excluding Japan)
region may have a greater impact on the Fund’s value and more
volatility than if the Fund had a more diversified portfolio. Such
geographic concentration may result in the Fund being more
susceptible to adverse economic, political, policy, foreign
exchange, liquidity, tax, legal or regulatory event affecting Asia
(excluding Japan) region.
SMALLER COMPANIES RISK
The Fund may invest in smaller companies. Smaller companies may be
riskier and less liquid than larger companies. This means that
their share prices may be subject to more fluctuations in price, as
they are generally more vulnerable to adverse market factors such
as unfavourable economic reports, when compared to investment in
larger companies. 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.
HOW HAS THE FUND PERFORMED?
BNY Mellon Asian Equity Fund USD A
Past performance information is not indicative of future
performance. Investors may not get back the full amount
invested.
The computation basis of the performance is based on the calendar
year end, NAV-To-NAV, with dividend reinvested.
These figures show by how much the BNY Mellon Asian Equity Fund USD
Class A increased or decreased in value during the calendar year
being shown. Performance data has been calculated in USD including
ongoing charges and excluding subscription fee and redemption fee
you might have to pay.
The benchmark of the BNY Mellon Asian Equity Fund USD A is MSCI AC
Asia Pacific ex Japan TR Index.
Fund launch date – 29 January 1988
Share class USD A launch date – 10 December 2001
Performance of this share class is shown in USD.
Performance of the Benchmark is shown in USD.
This share class is a representative share class as it is the most
common
-19.5%
13.9%
-5% 0% 5%
10% 15% 20% 25% 30% 35% 40% 45% 50% 55% 60% 65%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Fund % Index %
4
IS THERE ANY GUARANTEE?
This Fund does not have any guarantees. You may not get back the
full amount of money you invest.
WHAT ARE THE FEES AND CHARGES?
CHARGES WHICH MAY BE PAYABLE BY YOU
You may have to pay the following fees when dealing in the shares
of the Fund.
FEE WHAT YOU PAY Subscription Fee (Initial Sales Charge) Class USD
A, Class USD B, Class USD C - Up to 5% of the
amount you buy
Switching Fee Switching fee may be imposed, max. rate up to
5%
Redemption Fee None
ONGOING FEES PAYABLE BY THE FUND
The following expenses will be paid out of the Fund. They affect
you because they reduce the return you get on your
investments.
MANAGEMENT FEE ANNUAL RATE (AS A % OF THE FUND’S VALUE) The Fund
pays a management fee to the Manager Class USD A – 2.0%^
Class USD B – 1.5%^
Class USD C – 1.0%^
DEPOSITARY FEE
The Fund pays a depositary fee to the depositary Max. rate up to
0.15% of the NAV (plus VAT, if any) subject to a minimum annual fee
in respect of the Fund of US$30,000
PERFORMANCE FEE
The Fund pays a performance fee to the Manager None
ADMINISTRATION FEE The Fund pays an administration fee to the fund
administrator
Max. rate up to 0.60% of the NAV (plus VAT, if any) subject to a
minimum fee per annum in respect of the Company of US$800,000
(indexed annually at the rate of inflation)
^ Please note that the current annual rate may be increased with
the passing of the majority of shareholder votes at an
Extraordinary General Meeting and with the prior regulatory
approval.
OTHER FEES
You may have to pay other fees when dealing in the shares of the
Fund.
ADDITIONAL INFORMATION You generally buy and redeem shares at the
Fund’s next-determined net asset value (NAV) after the Hong Kong
Representative (HSBC Institutional Trust Services (Asia) Limited)
or the Administrator (BNY Mellon Fund Services (Ireland) Designated
Activity Company) receives your request in good order on or before
5:00 pm Hong Kong time. This may be further extended to 6:00 pm
Hong Kong time at the discretion of the Hong Kong Representative to
take into account Hong Kong cut-off times during European daylight
savings time and/or business contingency measures in place being
the dealing cut off time. An earlier cut-off time may be required
by different distributors.
PRODUCT KEY FACTS: BNY MELLON ASIAN EQUITY FUND
5
The net asset value of this Fund is calculated and the price of
shares published on each Valuation Day on BNY Mellon website
www.bnymellonim.com (this website has not been reviewed by the SFC
and may contain information of funds not authorised by the
SFC).
Investors may obtain the past performance information of other
share classes offered to Hong Kong investors upon request.
IMPORTANT If you are in doubt, you should seek professional
advice.
The SFC takes no responsibility for the contents of this statement
and makes no representation as to its accuracy or
completeness.
http://www.bnymellonim.com/
1
Newton Investment Management Limited
:
:
The Bank of New York Mellon SA/NV Dublin Branch
#
12 31
# 2020 12 31 ,
,
:
30% A
(iii)
(iv)(v)/,
EPM
MSCI AC Asia Pacific ex Japan TR Index
1988 1 29
2001 12 10
-19.5%
13.9%
-5% 0% 5%
10% 15% 20% 25% 30% 35% 40% 45% 50% 55% 60% 65%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
% %
:
() A B C - 5%
5%
B - 1.5%^
C - 1.0%^
30,000
800,000 ()
Services (Ireland) Designated Activity Company 5:00
:
BNY Mellon www.bnymellonim.com (
)
