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Offshore Money Market Funds

The BNY Mellon Liquidity Funds are available in two U.S. dollar denominated money funds: BNY Mellon U.S. Dollar Liquidity Fund and BNY Mellon U.S. Treasury Fund. Both funds are managed by BNY Investments Dreyfus, a division of Mellon Investments Corporation.

Investing in a diversified range of high-quality money market instruments, our UCITS-compliant money funds are designed for investors who desire professional active management of their liquid assets. They are suited for temporary cash investment, seasonal operating cash and automated cash sweeps. The funds take a consistent approach to short-term investing – one that emphasizes security, liquidity, and diversification, and seeks the outcomes that matter most to investors: capital preservation, daily liquidity and a return comparable to short-term interest rates.

 

Offshore Money Market Funds1

 

BNY Mellon U.S. Dollar Liquidity Fund: A Short-Term Low Volatility Net Asset Value (LVNAV) Fund

Investors can purchase and redeem at a constant NAV to two decimal places, provided the fund is managed to certain restrictions:

  • Value portfolio securities < 75 days’ maturity using amortized cost as long as mark-to-market valuation does not deviate by more than 10 bps. If greater than 10 bps, security must be valued at mark to market.
  • Value portfolio securities > 75 days’ maturity at mark to market.
  • Value portfolio at amortized cost as long as mark-to-market valuation does not deviate by more than 20 bps. If greater than 20 bps, the fund must be valued using mark to market to four decimal places.
  • Minimum liquidity requirements: Daily Maturing Assets (DMA) must be 10% or greater, Weekly Maturing Assets (WMA) must be 30% or greater.
 

BNY Mellon U.S. Treasury Fund: A Public Debt / Government Constant Net Asset Value (CNAV) Short-Term Money Market Fund

The fund is characterized by:

  • A CNAV per unit/share.
  • Required to invest at least 99.5% of the fund’s assets in cash, government securities, or repurchase agreements that are fully collateralized.
  • Value securities using the amortized cost method.
  • Value fund shares using the amortized cost method.
  • Minimum liquidity requirements: Daily Maturing Assets (DMA) must be 10% or greater, Weekly Maturing Assets (WMA) must be 30% or greater.

 

 

 

 

1 The funds outlined is not available to U.S. Persons (as described in the Prospectus) and may only be offered and sold in accordance with Regulation S under the U.S. Securities Act of 1933.

2 The EU Money Market Fund Regulation is Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017, the European legislation that sets the rules for money market funds established, managed or marketed in the EU. It governs the instruments MMFs may invest in, portfolio composition and liquidity requirements, asset valuation and reporting and transparency. The Regulation defines three categories of MMF: Variable NAV (VNAV), Public Debt Constant NAV (CNAV) and Low Volatility NAV (LVNAV).