History Purpose / Approach
The Fund seeks to maximize current income free of federal income tax consistent with preserving capital and maintaining liquidity.
To achieve its objective, the Fund typically invests substantially all of its liquid assets in high-quality, short-term municipal bonds that provide federal income tax-free income. The Fund seeks to invest in securities that pose minimal credit risk, as determined by the BNY Mellon Investment Adviser in terms of creditworthiness and the ability of the issuer or guarantor to meet its financial obligations, which may include environmental, social and governance factors ( ESG) may include and applicable fees, among other factors. The Fund is a money market fund managed in accordance with the requirements of Regulation 2A-7 of the Investment Companies Act 1940.
total fund assets
598.707.214 $Ab 15.03.23
Share Class Assets
401.987.225 $Ab 15.03.23
end of financial year
15:00. M., eastern time
18 roofsAb 15.03.23
18 roofsAb 15.03.23
1 day income
7 days free service
7 days of performance without sacrifice
SEC 30 day yield
fund share price
NAV MARKET VALUE
$ 1,0000Ab 15.03.23
level of education
The Investment Adviser may contractually agree to waive or refund certain fees and expenses until a specified date. The Investment Adviser may also voluntarily waive certain fees and expenses, and such voluntary waivers may be suspended or modified at any time without notice. Voluntary caps and waivers may not be included in the prospect's net spend ratio. Returns and total returns shown reflect exemptions or rebates that were in effect during all or part of the periods shown. Waivers or redemptions will reduce the Fund's operating expenses and increase the Fund's return and total return to Shareholders. Without these exceptions, returns would have been lower. Returns and total returns represent past performance. Past performance does not guarantee future results. Actual performance may be lower or higher than the performance listed above.
Daily net inflow or outflow of the portfolio
weekly wallet box
Monthly Expense Rates (annualized)
|Ab 28.02.23TARIFF DESCRIPTION||EXPENSES INDEX (%)|
Monthly expense ratios reflect voluntary expense limits, which may be waived by BNY Mellon Investment Adviser, Inc. at any time without prior notice, and the contractual expense limits contained in the Prospectus Schedule of Fees. Voluntary spending limits are not contractual and may vary daily. Total Expenses is the total ratio of the Fund's annual operating expenses before any fee waivers or refunds. Where applicable, net expenses are the ratio of the Fund's total annual operating expenses after any fee waivers or refunds.
These data are annualized. Monthly operating costs may vary from month to month.
BNY Mellon Investment Adviser, Inc. pledged to limit fund expenditures to maintain the 0.01% yield floor. Such spending restrictions may vary from day to day and are voluntary and temporary, not contractual, and are subject to termination by BNY Mellon Investment Adviser. Inc. at any time without prior notice.
Brochure Fee Expense Rate Table
|Ab 31.03.22price description||Spending ratio (%)|
The Total Expense is the Fund's annual Total Operating Expense Ratio before any contractual fee waivers or refunds as set out in the Prospectus Table of Fees. The Net Expense, where applicable, is the total annual operating expenses of the Fund after any contractual fee waivers or refunds as set out in the Prospectus Table of Fees.
The Fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed to waive its fees and/or bear the direct costs of servicing the Fund through at least March 31, 2023, in order to meet the Fund's direct costs of the Fund. (excluding taxes, interest, portfolio transaction costs, loan commitment fees and exceptional expenses) not to exceed 1.00%. To the extent that BNY Mellon Investment Adviser, Inc. is required to forego receiving its administration fee or reimbursement of mutual fund expenses, the waiver or reimbursement amount will apply equally to each class of shares in the fund. Effective March 31, 2023, BNY Mellon Investment Adviser, Inc. may terminate the Spending Limitation Agreement at any time.
prospectus and reports
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The Fund's holdings of short-term asset-backed securities and corporate securities involve credit and liquidity risks and the risk of capital loss.
Recent market risks include pandemic risks related to COVID-19. The impact of COVID-19 has contributed to increased volatility in global markets and is likely to affect certain countries, companies, industries and market sectors more dramatically than others. To the extent that the Fund may be overweight its investments in a particular country, company, industry or market sector, such positions increase the risk of losses resulting from adverse developments affecting that country, company, industry or sector.
As a measure of current earnings, the 7-day return best reflects the current earnings power of the fund. The 7-day return is an annualized return based on the last 7-day period. The SEC 30-day return, which is a net return including any fee waivers or refunds, is based on the dividend per share of net investment income over the past 30 days divided by the maximum offering price per share for the period and annualized. Eliminated 7-day performance may reflect the resignation of BNY Mellon Investment Adviser, Inc. of a portion of the fund's management fee and/or expense reimbursement, which would reduce the fund's expense ratio and generate higher returns
Market Value NAV: Calculated based on available market prices (excluding overnight securities which are valued at amortized cost) for the Fund's securities at close of business on the specified date. It is calculated to the nearest hundredth of a cent or (or $0.0001).
WAM - A measure of the average effective maturity of all underlying money market instruments in the fund, weighted to reflect the relative percentage ownership of each instrument. WAM calculations make it possible to shorten the maturities of some bonds through regular adjustments in interest rates. In general, for money market funds, the WAM can be used primarily as a measure of sensitivity to changes in interest rates.
WAL - A measure of the average final maturity of all underlying money market instruments in the fund, weighted to reflect the relative percentage of ownership of each instrument. Unlike WAM, WAL calculations do not allow for shortening of maturities for periodic interest rate adjustments. Consequently, WAL is generally larger than WAM.
The daily dividend factor is a decimal representation of the yield earned in a day.
The cumulative dividend factor is the decimal representation of the daily factors that are added when a monthly dividend is paid in advance.
This material has been distributed for informational purposes only and should not be construed as investment advice or a recommendation of any specific investment, strategy, investment manager or account arrangement and should not be relied upon as the basis for making investment decisions. The information contained in this document was obtained from sources believed to be reliable, but is not guaranteed. Consult with a legal, tax or financial professional to determine whether an investment product or service is appropriate for a specific situation. No part of this material may be reproduced in any form or referred to in any other publication without express written permission. Dreyfus Cash Investment Strategies is a division of BNY Mellon Investment Adviser, Inc. BNY Mellon Investment Adviser, Inc. and BNY Mellon Securities Corporation are subsidiaries of BNY Mellon. ©2021 BNY Mellon Securities Corporation, Distributor, 240 Greenwich Street, 9th Floor, New York, NY 10286.
It is not insured by the FDIC. Not guaranteed by the bank. It may lose value.