BNY Mellon Global Funds, plc

FOR PROFESSIONAL CLIENTS AND, IN SWITZERLAND, FOR QUALIFIED INVESTORS ONLY.

BNY Mellon Long-Term Global Equity Fund

Seeking to identify world-class companies with the potential to generate meaningful real rates of return over the long term

By applying a consistent philosophy and process, reinforced by a consistent team, the BNY Mellon Long-Term Global Equity Fund seeks to exploit the long-term attraction of equities and deliver superior risk-adjusted returns.

INVESTMENT MANAGER REGIONS ASSET CLASSEstablished in 1983, and based in Edinburgh, Scotland, Walter Scott is our stock picking equity specialist.

Equities

Fixed Income

Multi-Asset

Specialist

WHY INVEST IN THIS FUND? CHARACTERISTICS

1 Aims to maintain and enhance long-term real value. Walter Scott’s distinctive investment process is ideally suited to managing global equity portfolios; from a global investment universe, the firm’s team of investment professionals has a long track record of identifying and holding shares in world-class companies, with the aim of allowing them to realise their growth potential and compound returns over the long term.

2 Flexibility to pursue the best investment ideas. Unconstrained by benchmark considerations, the investment team has the freedom to pursue attractive equity opportunities anywhere in the world.

3 Low level of downside participation rewards patient investors. The Fund aims to give investors access to a distinctive return profile over the long-term (10 years); while the Fund will not typically capture all of the ‘upside’ in a sharply rising market, the Fund is likely to demonstrate resilience in difficult conditions.

4 Extensive access to company senior management. Walter Scott’s investment professionals make frequent extended trips around the world to meet the management of companies held in the Fund as well as competitors and relevant peers. As long-term investors, team members develop authoritative knowledge and understanding of the companies held in the portfolio.

A traditional, long-only, long-term, ‘buy and hold’ approach to global equity management.

A concentrated portfolio typically investing in 40-60 high quality growth stocks.

Investment process characterised by an unrelenting focus on the selection of stocks without reference to sector or benchmark weights.

The Fund typically exhibits a very low portfolio turnover rate.

Strong emphasis on capital growth by targeting companies capable of 20% wealth generation per annum over the long term.

BNY Mellon Long-Term Global Equity Fund

INVESTMENT TEAM

Walter Scott’s investment process is based on thorough in-house investment research and on a collaborative decision making approach. The firm’s culture and structure rests upon such collaboration; an approach that has been proven over more than 35 years.

– All investment professionals are members of the global team.

– Individuals, typically recently graduated, are trained and mentored by Walter Scott’s senior investment personnel, many of whom have spent their entire careers with the firm.

– The firm’s investment professionals are deliberately rotated between areas of regional coverage in order to develop global expertise.

INVESTMENT PHILOSOPHY

Walter Scott’s investment philosophy is notable above all for its sheer simplicity. The firm’s core conviction is that over the long term, the return to shareholders can only ever be as great as the wealth generated by the underlying businesses in which they are invested.

The firm’s primary task is therefore identifying companies with the ability to generate sustained and meaningful growth over the long term. It does so using original, fundamental research carried out by its own team.

INVESTMENT PROCESS

The first step of the firm’s distinctive analytical process involves detailed consideration of a company’s financial report and accounts using a consistent framework across all potential investments. This in-depth financial analysis will determine if further analysis is worthwhile. The process seeks to identify stocks with a high rate of internal wealth generation and a strong balance sheet.

For a stock to be selected for the Fund, the stock is first open to the scrutiny of all members of the investment team. Its inclusion must then be agreed by that entire team (and not simply by one or two individuals).

In essence, Walter Scott does not differentiate between the roles of analysts and investment managers. When an analyst comes across a stock they believe should be included in the portfolio, he or she becomes a ‘stock champion’, and will typically continue to have responsibility for following and monitoring that stock for the duration of that investment.

The stock champion for any holding – or prospective holding – is responsible for updating the rest of the team on company news, results and meetings; the firm’s regular team meetings (of which there are at least three per week) give all team members the opportunity to question the validity of buying or continuing to hold a stock.

A number of events and scenarios will lead the team to sell positions. A stock will be reduced or sold where it reaches 5% of the Fund, it may be reduced on valuation grounds or be sold where there is a fundamental breakdown in the original reason for the purchase.

BNY Mellon Long-Term Global Equity Fund

INVESTMENT PROCESS – CONTINUED

2Target companies

3portfolio of 40-60 stocks

1Investment Universe

The investment team seeks out companies from around the world with the potential for sustainable growth.

The focus is on finding profitable companies with strong balance sheets, low debt, high rates of internal wealth generation and the ability to grow earnings over the long term.

The interaction of the firm’s collective experience and its consistently applied research framework produces a living inventory of target companies from which the best 40-60 ideas are selected.

Ideal companies

Companies capable of generating wealth at 20% per annum (e.g. cash ROI/ROE/EPS growth).

In depth company research and analysis is undertaken starting with a detailed financial analysis followed by a qualitative screen which involves looking at:

– Market position, sustainable margins, industry dynamics

– Accounting methods, treatment of minorities, ESG considerations

– Market maturity, barriers to entry, customer concentration

– Cash flow, cash return on investment

– Accounting, balance sheet, working capital

– Experience, track record – Free float, trading volume, valuation

Meetings with company management are integral to the process.

Buy discipline

All investment proposals are discussed by the investment team. Purchases are made once there is unanimous consent, based on strict valuation criteria and the company’s potential to generate ongoing shareholder value.

The ‘buy & hold’ approach results in low turnover and allows portfolios to generate long-term returns via compounding.

The industrial and geographic structure of the fund reflects the firm’s independent judgement.

Stocks tend to be in industries/sectors experiencing upper-quartile GDP growth while industries in secular decline are generally avoided.

Sell discipline

A single, dissenting voice can trigger a sale

– Fundamental: breakdown of purchase rationale

– Risk control: automatic review at 5% single stock exposure

– Excessive valuation – Replacement: new idea

FUND OBJECTIVE

To achieve long-term capital appreciation through investing primarily in a portfolio of equity and equity related securities of companies located throughout the world.

GENERAL INFORMATION

Fund launch date 04 April 2008

Base currency EUR

Currencies available AUD, CAD, CHF, CNH, EUR, GBP, HKD, SGD, USD

Comparative index MSCI World Index NR

Fund manager Team approach

INVESTMENT PARAMETERS – TYPICAL RANGES

– Targets companies that meet Walter Scott’s fundamental investment criteria and where the expected growth rate is available at a reasonable valuation.

– Any change in the rationale for purchasing a stock will usually trigger its sale from the portfolio.

– Initial stock positions are usually 1%-2%. A maximum of 5% of the Fund’s assets can be invested in any single stock.

– Stock performance and valuations are constantly monitored.

– Typically invests in 40-60 Stocks.

– Long-term investment horizon.

TO LEARN MORE ABOUT THIS FUND PLEASE CONTACT US:

+44 (0)20 7163 2367

internationalsales@bnymellon.com

www.bnymellonim.com

The value of investments can fall. Investors may not get back the amount invested.

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.

Emerging Markets Risk: Emerging Markets have additional risks due to less-developed market practices.

Important informationFor Professional Clients and, in Switzerland, for Qualified Investors only. This is a financial promotion and is not investment advice. For a full list of risks applicable to this fund, please refer to the Prospectus or other offering documents. Before subscribing, investors should read the most recent Prospectus, financial reports and KIID for each fund in which they want to invest. Go to  www.bnymellonim.com. The Prospectus and KIID are available in English and in an official language of the jurisdictions in which the Fund is registered for public sale. Investment Managers are appointed by BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA), BNY Mellon Fund Management (Luxembourg) S.A. (BNY MFML) or affiliated fund operating companies to undertake portfolio management activities in relation to contracts for products and services entered into by clients with BNYMIM EMEA, BNY MFML or the BNY Mellon funds. Any views and opinions are those of the investment manager, unless otherwise noted. Calls may be recorded. For more information visit our Privacy Policy at www.bnymellonim.com. Investments should not be regarded as short-term and should normally be held for at least five years. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and its subsidiaries. The Fund is a sub-fund of BNY Mellon Global Funds, plc, 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 authorised by the Central Bank of Ireland as a UCITS Fund. The Management Company is BNY Mellon Fund Management (Luxembourg) S.A. (BNY MFML), regulated by the Commission de Surveillance du Secteur Financier (CSSF). Registered address: 2-4 Rue Eugène Ruppert L-2453 Luxembourg. Walter Scott & Partners Limited is authorised and regulated by the Financial Conduct Authority. Walter Scott & Partners Limited, One Charlotte Square, Edinburgh, UK, EH2 4DR. Registered in Scotland No. 93685. In Austria, the current Prospectus and the Key Investor Information Document are available free of charge from Raiffeisen Zentralbank Österreich Aktiengesellschaft, Am Stadtpark 9, A-1030 Vienna. In Belgium, the KIID, Prospectus, articles of association and latest annual report are freely available upon request to from the paying agent: JP Morgan Chase Bank, 1 Boulevard du Roi Albert II, B-1210 Bruxelles, Belgium. The Prospectus, KIIDs, articles of association, annual and half-yearly financial reports are available in French. In Germany, the prospectus is available from BNY Mellon Fund Management (Luxembourg) S.A. (BNY MFML), German branch, MesseTurm Friedrich-Ebert-Anlage 49, 60308 Frankfurt am Main, Germany. In France, the KIID, Prospectus, articles and latest annual report are freely available upon request to the centralising agent: BNP Paribas Securities Services, 3 rue d’Antin, 75002 Paris, tél: 00 33 1 42 98 10 00. In Spain, BNY Mellon Global Funds is registered with the CNMV, Registration No. 267. In Switzerland, the Company is established as an open-ended umbrella type investment company under Irish law and the Sub-funds are authorised by FINMA for distribution to non-qualified investors in or from Switzerland. The Swiss representative is Carnegie Fund Services S.A., 11, rue du Général-Dufour, 1204 Geneva. The Swiss paying agent is Banque Cantonale de Genève, 17, quai de l’Ile, 1204 Geneva. Investors in Switzerland can obtain the documents of the Company, such as the Prospectus, the KIIDs, the Memorandum and Articles of Association, the semi-annual and annual reports, each in their latest version as approved by FINMA, in German, and further information free of charge from the Swiss representative. Issued in the UK and Jersey by BNY Mellon Investment Management EMEA Limited, BNY Mellon Centre, 160 Queen Victoria Street, London EC4V 4LA. Registered in England No. 1118580. Authorised and regulated by the Financial Conduct Authority. Issued in Europe (excluding Switzerland) by BNY Mellon Fund Management (Luxembourg) S.A. (BNY MFML), a public limited company (société anonyme) incorporated and existing under Luxembourg law under registration number B28166 and having its registered address at 2-4 Rue Eugène Ruppert L-2453 Luxembourg. BNY MFML is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Issued in Switzerland by BNY Mellon Investments Switzerland GmbH, Talacker 29, CH-8001 Zürich, Switzerland. Authorised and regulated by the FINMA. PC0664. Exp. 14 December 2019. T8009 04/19