497 1 lp1-6294.htm SUPPLEMENT TO PROSPECTUS & SAI lp1-6294.htm - Generated by SEC Publisher for SEC Filing  

 

July 25, 2013

 

BNY MELLON FUNDS TRUST

BNY Mellon Large Cap Market Opportunities Fund
BNY Mellon Tax-Sensitive Large Cap Multi-Strategy Fund

 

Supplement to Prospectus
dated December 31, 2012

The following information supplements and supersedes any contrary information contained in the sections of the fund’s prospectus entitled “Fund Summary – BNY Mellon Large Cap Market Opportunities Fund – Principal Investment Strategy”, “Fund Summary – BNY Mellon Tax-Sensitive Large Cap Multi-Strategy Fund – Principal Investment Strategy”,  “Fund Details – BNY Mellon Large Cap Market Opportunities Fund” and “Fund Details – BNY Mellon Tax-Sensitive Large Cap Multi-Strategy Fund”:

The Trust’s board has approved modifications to the investment strategies of BNY Mellon Large Cap Market Opportunities Fund and BNY Mellon Tax-Sensitive Large Cap Multi-Strategy Fund by removing the U.S. Core Equity 130/30 Strategy as an investment strategy, effective on or about August 29, 2013, and permitting each fund to gain exposure to the Dynamic Large Cap Value Strategy by investing in Dreyfus Strategic Value Fund, effective on or about August 1, 2013 (the “Effective Date”).

In addition, the Trust’s board has approved a modification to the range of BNY Mellon Tax-Sensitive Large Cap Multi-Strategy Fund’s investment in its Large Cap Core Strategy to “0% to 30%.”

As revised to reflect the modifications to each fund’s investment strategies and to the range for allocating BNY Mellon Tax-Sensitive Large Cap Multi-Strategy Fund’s assets to the Large Cap Core Strategy, the investment strategies and the targets and ranges (expressed as a percentage of the fund’s investable assets) for allocating the indicated fund’s assets among the investment strategies as of the Effective Date are as follows:

BNY Mellon Large Cap Market Opportunities Fund

Investment Strategy

Target

Range

Focused Equity Strategy

30%

0% to 50%

U.S. Large Cap Equity Strategy

26%

0% to 50%

Dynamic Large Cap Value Strategy

18%

0% to 50%

Large Cap Growth Strategy

0%

0% to 50%

U.S. Large Cap Growth Strategy

18%

0% to 50%

Income Stock Strategy

8%

0% to 50%

Appreciation Strategy

0%

0% to 50%

Large Cap Dividend Strategy

0%

0% to 50%

 

BNY Mellon Tax-Sensitive Large Cap Multi-Strategy Fund

Investment Strategy

Target

Range

Large Cap Tax-Sensitive Strategy

40%

20% to 60%

Large Cap Core Strategy

0%

0% to 30%

Focused Equity Strategy

16%

0% to 30%

U.S. Large Cap Equity Strategy

12%

0% to 30%

Dynamic Large Cap Value Strategy

12%

0% to 30%

Large Cap Growth Strategy

0%

0% to 30%

U.S. Large Cap Growth Strategy

12%

0% to 30%

Income Stock Strategy

8%

0% to 30%

Appreciation Strategy

0%

0% to 30%

Large Cap Dividend Strategy

0%

0% to 30%

1

 


 
 

 

On or before August 29, 2013, the respective fund’s portfolio manager responsible for investment allocation decisions will reduce the fund’s allocation to the U.S. Core Equity 130/30 Strategy to zero.

Description of the Dynamic Large Cap Value Strategy

The portion of the fund’s assets allocated to the Dynamic Large Cap Value Strategy normally is invested primarily in equity securities of companies of any market capitalization, although the strategy focuses on large cap companies.  The portfolio manager focuses on individual stock selection (a “bottom-up” approach), emphasizing three key factors: value, sound business fundamentals and positive business momentum.  The portion of the fund’s assets allocated to the Dynamic Large Cap Value Strategy also may be invested in Dreyfus Strategic Value Fund, a mutual fund advised by The Dreyfus Corporation and co-managed by the same portfolio manager responsible for the fund’s Dynamic Large Cap Value Strategy using substantially similar investment strategies as those used in managing this portion of the fund’s assets.

 

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July 25, 2013

 

BNY MELLON FUNDS TRUST

BNY Mellon Large Cap Market Opportunities Fund
BNY Mellon Tax-Sensitive Large Cap Multi-Strategy Fund

 

Supplement to Statement of Additional Information
dated December 31, 2012

The following information supplements and supersedes any contrary information contained in the Statement of Additional Information relating to BNY Mellon Large Cap Market Opportunities Fund or BNY Mellon Tax-Sensitive Large Cap Multi-Strategy Fund, respectively. 

The Trust’s Board has approved removing the U.S. Core Equity 130/30 Strategy as an investment strategy for the fund, effective on or about August 29, 2013, and has approved modifying the fund’s Dynamic Large Cap Value Strategy to permit the fund to invest in Dreyfus Strategic Value Fund in addition to the actively managed portfolio of individual equity securities in which the fund currently may invest pursuant to that Strategy, effective on or about August 1, 2013.

 

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