0001635295-21-000017.txt : 20210211 0001635295-21-000017.hdr.sgml : 20210211 20210211155528 ACCESSION NUMBER: 0001635295-21-000017 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20210211 DATE AS OF CHANGE: 20210211 EFFECTIVENESS DATE: 20210211 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BNY Mellon Advantage Funds, Inc. CENTRAL INDEX KEY: 0000914775 IRS NUMBER: 133851784 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-51061 FILM NUMBER: 21619423 BUSINESS ADDRESS: STREET 1: BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10286 BUSINESS PHONE: 212-922-6400 MAIL ADDRESS: STREET 1: BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10286 FORMER COMPANY: FORMER CONFORMED NAME: Advantage Funds, Inc. DATE OF NAME CHANGE: 20060502 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS GROWTH & VALUE FUNDS INC DATE OF NAME CHANGE: 19951004 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS FOCUS FUNDS INC DATE OF NAME CHANGE: 19940304 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BNY MELLON INVESTMENT PORTFOLIOS CENTRAL INDEX KEY: 0001056707 IRS NUMBER: 134000024 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-47011 FILM NUMBER: 21619422 BUSINESS ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10289 BUSINESS PHONE: 2129226400 MAIL ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10289 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS INVESTMENT PORTFOLIOS DATE OF NAME CHANGE: 19980226 0000914775 S000000500 BNY Mellon Technology Growth Fund C000001368 Class A DTGRX C000001370 Class C DTGCX C000001371 Class I DGVRX C000174007 Class Y DTEYX 0001056707 S000002781 Technology Growth Portfolio C000007614 Technology Growth Portfolio - Initial Shares C000007615 Technology Growth Portfolio - Service Shares 497 1 bnym-scstk0221doc003.htm SUPPLEMENT TO PROSPECTUS AND SAI bnym-scstk0221doc003.htm - Generated by SEC Publisher for SEC Filing

February 10, 2021

BNY MELLON FAMILY OF FUNDS

(Equity funds, other than index funds, with Mellon Investments Corporation as employer of the fund's portfolio managers in a dual employment arrangement with BNY Mellon Investment Adviser, Inc.)

Supplement to Current Summary Prospectus, Prospectus and Statement of Additional Information

BNY Mellon Investment Management has announced its intention to realign several of its investment firms.  As a result of this realignment, which is scheduled to occur, subject to regulatory requirements, in the third quarter of 2021 (the "Effective Date"), portfolio managers responsible for managing the fund's investments who are employees of Mellon Investments Corporation ("Mellon") in a dual employment arrangement with BNY Mellon Investment Adviser, Inc. ("BNYM Investment Adviser"), the fund's investment adviser, will become employees of Newton Investment Management North America, LLC ("Newton"), which, like Mellon, will be an affiliate of BNYM Investment Adviser, and will no longer be employees of Mellon.  Consequently, effective as of the Effective Date and subject to the approval of the fund's board, BNYM Investment Adviser will engage Newton to serve as the fund's sub-adviser, pursuant to a sub-investment advisory agreement between BNYM Investment Adviser and Newton.  As the fund's sub-adviser, Newton will provide the day-to-day management of the fund's investments, subject to BNYM Investment Adviser's supervision and approval.  It is currently anticipated that the fund's portfolio managers who are responsible for the day-to-day management of the fund's investments will continue to manage the fund's investments as of the Effective Date.  It is also currently anticipated that there will be no material changes to the fund's investment objective, strategies or policies, no reduction in the nature or level of services provided to the fund, and no increase in the management fee payable by the fund as a result of the engagement of Newton as the fund's sub-adviser.  BNYM Investment Adviser (and not the fund) will pay Newton for its sub-advisory services. 

As of the Effective Date, Newton will be an indirect wholly-owned subsidiary of The Bank of New York Mellon Corporation registered in the United States with the Securities and Exchange Commission as an investment adviser.  Newton's principal office is located at BNY Mellon Center, 201 Washington Place, Boston, Massachusetts 02108.  As of December 31, 2020, Newton, together with its affiliates that comprise the Newton group of companies, managed approximately $63 billion in discretionary separate accounts and other investment accounts.

 

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