0001111565 2026-05-11 2026-05-11 0001111565 ck0001111565:S000000374Member 2026-05-11 2026-05-11 May 11, 2026BNY MELLON FUNDS TRUST BNY Mellon Asset Allocation FundSupplement to Current ProspectusThe Trust's board has approved the addition of BNY Mellon US Mid Cap Core Equity ETF, BNY Mellon Ultra Short Income ETF and BNY Mellon Global Emerging Markets Fund, each an affiliated fund, as underlying fund investment options of BNY Mellon Asset Allocation Fund. BNY MELLON FUNDS TRUST BNY Mellon Asset Allocation Fund 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":<table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;" width="100%"><tr style="font-size:1pt;"><td style="width:63.22%;"> </td><td style="width:17.28%;"> </td><td style="width:19.51%;"> </td></tr><tr><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#A6A6A6; border-top:3pt; border-top-style:solid; border-top-color:#808080;">Asset Class</td><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#A6A6A6; border-top:3pt; border-top-style:solid; border-top-color:#808080;">Target</td><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#A6A6A6; border-top:3pt; border-top-style:solid; border-top-color:#808080;">Range</td></tr><tr><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#A6A6A6; background-color:#E5E5E5;">Large Cap Equities Direct Investments BNY Mellon Appreciation Fund, Inc. BNY Mellon Research Growth Fund, Inc. BNY Mellon Dynamic Value Fund </td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#A6A6A6; background-color:#E5E5E5;">45%</td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#A6A6A6; background-color:#E5E5E5;">20% to 60%</td></tr><tr><td style="vertical-align:top;">Small Cap and Mid Cap Equities BNY Mellon Small Cap Multi-Strategy FundBNY Mellon Mid Cap Multi-Strategy Fund* BNY Mellon US Small Cap Core Equity ETFBNY Mellon US Mid Cap Core Equity ETF </td><td style="vertical-align:top;">7%</td><td style="vertical-align:top;">0% to 20%</td></tr><tr><td style="vertical-align:top; background-color:#E5E5E5;">Developed International and Global Equities BNY Mellon International FundBNY Mellon International Equity FundBNY Mellon Global Stock FundBNY Mellon International Stock FundBNY Mellon Developed Markets Real Estate Securities Fund </td><td style="vertical-align:top; background-color:#E5E5E5;">8%</td><td style="vertical-align:top; background-color:#E5E5E5;">0% to 20%</td></tr><tr><td style="vertical-align:top;">Emerging Markets Equities BNY Mellon Emerging Markets Fund BNY Mellon Global Emerging Markets Fund </td><td style="vertical-align:top;">4%</td><td style="vertical-align:top;">0% to 20%</td></tr><tr><td style="vertical-align:top; background-color:#E5E5E5;">Investment Grade Bonds Direct Investments BNY Mellon Ultra Short Income ETF Unaffiliated Investment Company </td><td style="vertical-align:top; background-color:#E5E5E5;">27%</td><td style="vertical-align:top; background-color:#E5E5E5;">15% to 55%</td></tr></table><table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;" width="100%"><tr style="font-size:1pt;"><td style="width:63.22%;"> </td><td style="width:17.28%;"> </td><td style="width:19.51%;"> </td></tr><tr><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#A6A6A6; border-top:3pt; border-top-style:solid; border-top-color:#808080;">Asset Class</td><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#A6A6A6; border-top:3pt; border-top-style:solid; border-top-color:#808080;">Target</td><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#A6A6A6; border-top:3pt; border-top-style:solid; border-top-color:#808080;">Range</td></tr><tr><td style="vertical-align:top;">High Yield Bonds BNY Mellon High Yield Fund BNY Mellon Floating Rate Income Fund </td><td style="vertical-align:top;">3%</td><td style="vertical-align:top;">0% to 10%</td></tr><tr><td style="vertical-align:top; background-color:#E5E5E5;">Emerging Markets Debt Unaffiliated Investment Company </td><td style="vertical-align:top; background-color:#E5E5E5;">0%</td><td style="vertical-align:top; background-color:#E5E5E5;">0% to 10%</td></tr><tr><td style="vertical-align:top;">Diversifying Strategies Unaffiliated Investment Companies </td><td style="vertical-align:top;">5%</td><td style="vertical-align:top;">0% to 20%</td></tr><tr><td style="vertical-align:top; background-color:#E5E5E5;">Money Market Instruments Direct Investments </td><td style="vertical-align:top; background-color:#E5E5E5;">1%</td><td style="vertical-align:top; background-color:#E5E5E5;">0% to 10%</td></tr></table>____________________* 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. 497 N-1A 0001111565 false 2026-05-11 2025-12-31