The following information
supplements and replaces certain information contained in the sections of the fund's prospectus entitled
"Fund Summary – BNY Mellon Asset Allocation Fund – Principal Investment Strategy" and "Fund Details
– BNY Mellon Asset Allocation Fund": | | | | Asset Class | Target | Range | Large Cap Equities
Direct
Investments
BNY Mellon Appreciation Fund, Inc.
BNY Mellon
Research Growth Fund, Inc.
BNY Mellon Dynamic Value Fund
| 45% | 20% to 60% | Small Cap and Mid Cap Equities
BNY
Mellon Small Cap Multi-Strategy Fund BNY Mellon
Mid Cap Multi-Strategy Fund*
BNY Mellon US Small Cap Core Equity ETF BNY Mellon US Mid Cap Core Equity ETF
| 7% | 0% to 20% | Developed International and Global Equities
BNY
Mellon International Fund BNY Mellon
International Equity Fund BNY Mellon Global Stock
Fund BNY Mellon International Stock Fund BNY Mellon Developed Markets Real Estate Securities Fund
| 8% | 0% to
20% | Emerging
Markets Equities
BNY Mellon Emerging Markets Fund
BNY Mellon
Global Emerging Markets Fund
| 4% | 0% to 20% | Investment Grade Bonds
Direct
Investments
BNY Mellon Ultra Short Income ETF
Unaffiliated
Investment Company
| 27% | 15% to
55% |
| | | | Asset
Class | Target | Range | High Yield Bonds
BNY
Mellon High Yield Fund
BNY Mellon Floating Rate Income Fund
| 3% | 0% to 10% | Emerging Markets Debt
Unaffiliated
Investment Company
| 0% | 0% to
10% | Diversifying
Strategies
Unaffiliated Investment Companies
| 5% | 0% to
20% | Money
Market Instruments
Direct Investments
| 1% | 0% to 10% |
____________________ *
BNY Mellon Mid Cap Multi-Strategy Fund will be removed as an underlying fund investment option for the
fund upon the liquidation of BNY Mellon Mid Cap Multi-Strategy Fund on or about May 22, 2026.
|