BNY Mellon Corporate Bond Fund to launch Feb. 13; Flahive to manage

By Toni Weeks

San Diego, Feb. 3 - BNY Mellon Funds Trust announced it will launch the BNY Mellon Corporate Bond Fund on Feb. 13, according to an N-1a filing with the Securities and Exchange Commission.

The fund will launch with class M and investor class shares, which will trade under the symbols "BYMMX" and "BYMIX", respectively.

The fund will seek total return consisting of capital appreciation and current income. It will normally invest at least 80% of its net assets, plus any borrowings for investment purposes, in corporate bonds. The adviser will use computer modeling and scenario testing of possible market condition changes to manage risk. Normally, the fund will invest at least 80% of its assets in investment-grade bonds and at least 65% of its assets in corporate bonds and U.S. government and agency bonds rated investment grade.

John F. Flahive will be the fund's primary portfolio manager.

Both share classes will carry management fees of 0.4%. Along with other fees and a fee waiver with the adviser that expires March 1, 2013, the total annual fund operating expenses are expected to be 0.6% for class M shares and 0.85% for investor class shares.

New York-based BNY Mellon Fund Advisers, a division of Dreyfus Corp., will serve as the investment adviser.

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