BNY Dreyfus Stablecoin Reserves Fund

TICKERBSRXX
Fund Code 6360
CUSIP 26203B204
SHARE CLASS Single Share Class
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Fund Objective / Approach

The fund seeks as high a level of current income as is consistent with the preservation of capital and the maintenance of liquidity.

The fund pursues its investment objective by investing in (i) U.S. Treasury bills, notes, or bonds (collectively, U.S. Treasury securities), (ii) overnight repurchase agreements collateralized solely by U.S. Treasury securities and/or cash, and (iii) cash. The fund is a money market fund subject to the maturity, quality, liquidity and diversification requirements of Rule 2a-7 under the Investment Company Act of 1940, as amended, and seeks to maintain a stable share price of $1.00. The U.S. Treasury securities in which the fund invests have a maturity of 93 days or less. The fund is a "government money market fund," as that term is defined in Rule 2a-7, and as such is required to invest at least 99.5% of its total assets in securities issued or guaranteed as to principal and interest by the U.S. government or its agencies or instrumentalities, repurchase agreements collateralized solely by cash and/or government securities, and cash. Shares of the fund are intended to serve as reserves backing outstanding payment stablecoins. The fund does not invest in stablecoins.

Total Fund Assets

$50,146,717 As of 12/12/25

Share Class Assets

$50,146,717 As of 12/12/25

Inception Date

11/13/25

Trade Deadline

5 PM ET

WAM

14 Days As of 12/12/25

WAL

14 Days As of 12/12/25

Holdings

7 As of 11/30/25

Min Investment

$10,000,000

Dividend Factor

0.000297845 As of 12/12/25

Fund Share Price

$1.00 As of 12/12/25

MARKET VALUE NAV

$1.0000 As of 12/12/25

Class Status

Open

Fiscal Year End

Sep 30

Yields and Expense Ratio

1-DAY YIELD as of 12/12/25		7-DAY YIELD as of 12/12/25		30-DAY YIELD as of 12/12/25		PROSPECTUS FEE TABLE EXPENSE RATIO (%) as of 11/12/25
Subsidized	Unsubsidized	Subsidized	Unsubsidized	Subsidized	Unsubsidized	Net	Gross	Contractual Fee Waiver End Date
3.62	3.55	3.68	3.61	3.76	3.76	0.18	0.25	11/30/26

Daily Market Value NAV

As of 12/12/25

	Start Date	End Date
$1.0000

Portfolio Daily Net Inflow or Outflow

As of 12/11/25

	Start Date	End Date
$0

Portfolio Daily/Weekly Liquid Assets

As of 12/12/25

Daily	Weekly	Start Date	End Date
99.97%	99.97%	You must select a date.	You must select a date.

The investment adviser may contractually agree to waive or reimburse 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 discontinued or modified at any time without notice. Voluntary waiver and caps may not be included in the prospectus net expense ratio. The yields and total returns shown reflects any waivers or reimbursements that were in effect for all or a portion of the periods shown. When waivers or reimbursements are in place, the Fund's operating expenses are reduced and the Fund's yield and total returns to the shareholder are increased. Without such waivers, returns would have been lower. The yields and total returns represent past performance.

Past performance does not guarantee future results. Current performance may be lower or higher than the performance quoted above.

Performance

Average Annual Returns

Month End

As of 11/30/25 Fund	1 YR	3 YRS	5 YRS	10 YRS	Since Inception	Inception Date
BNY Dreyfus Stablecoin Reserves Fund BSRXX	-	-	-	-	-	11/13/25

Quarter End

As of Fund	1 YR	3 YRS	5 YRS	10 YRS	Since Inception	Inception Date
BNY Dreyfus Stablecoin Reserves Fund BSRXX						11/13/25

Cumulative Returns

Month End

11/30/25 Fund	1 MO	3 MO	1 YR	3 YRS	5 YRS	10 YRS	Since Inception	Inception Date
BNY Dreyfus Stablecoin Reserves Fund BSRXX	-	-	-	-	-	-	0.19%	11/13/25

Quarter End

As of Fund	1 MO	3 MO	1 YR	3 YRS	5 YRS	10 YRS	Since Inception	Inception Date
BNY Dreyfus Stablecoin Reserves Fund BSRXX								11/13/25

YTD Returns

As of 12/11/25	As of 11/30/25	As of
%	-

Monthly Yield History

Monthly

Fund	11/25
BSRXX	3.79%

Investment return fluctuates and past performance is no guarantee of future results. As a measure of current income, 7-day yield most closely reflects the fund's current income generating ability.

Portfolio

Maturity Distribution

As of 11/30/25

Portfolio composition is subject to change at any time. Data reflects days until final maturity for individual portfolio securities.

Holdings Report

Fund Name	Total Holdings As of	Historical Daily Holdings
BNY Dreyfus Stablecoin Reserves Fund	12/12/25

See All Money Market Fund Holdings

Portfolio composition is subject to change at any time. The holdings listed should not be considered recommendations to buy or sell a security.

Link to each fund's Form N-MFP on the Securities and Exchange Commission website.

Fees & Expenses

Monthly Expense Ratios (Annualized)

As of 11/30/25 FEE DESCRIPTION	EXPENSE RATIO (%)
Management Fee	0.20%
Other Expenses	0.05%
Total Expenses	0.25%
Expenses Reimbursed	0.07%
Net Expenses	0.18%

Monthly Expense Ratios reflect any voluntary expense limitations that may be terminated at any time without notice by BNY Mellon Investment Adviser, Inc. as well as any contractual expense limitations reflected in the prospectus fee table. Voluntary expense limitations are not contractual and may fluctuate daily. Total Expenses is the total annual operating expense ratio for the fund before any applicable fee waivers or expense reimbursements. If applicable, Net Expenses is the total annual operating expense ratio for the fund after any applicable fee waivers or expense reimbursements.
This data is annualized. Monthly operating expenses may vary month to month.

Prospectus Fee Table Expense Ratios

As of 11/12/25 Fee Description	Expense Ratio (%)
Management Fee	0.20%
Other Expenses	0.05%
Total Expenses	0.25%
Expenses Reimbursed	0.07%
Net Expenses	0.18%

Total Expenses is the total annual operating expense ratio for the fund before any contractual fee waivers or expense reimbursements as reflected in the prospectus fee table. If applicable, Net Expenses is the total annual operating expense ratio for the fund after any contractual fee waivers or expense reimbursements as reflected in the prospectus fee table.

The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until November 30, 2026, to waive receipt of a portion of its management fee in the amount of .03% of the value of the fund's average daily net assets. In addition, BNY Mellon Investment Adviser, Inc. has contractually agreed, until November 30, 2026, to waive receipt of its fees and/or assume the direct expenses of the fund's shares so that the direct expenses (excluding taxes, brokerage commissions and extraordinary expenses) do not exceed .18%. On or after November 30, 2026, BNY Mellon Investment Adviser, Inc. may terminate the fee waiver and/or expense limitation agreement at any time.

Literature

Prospectus and Reports

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Investors should consider the investment objectives, risks, charges, and expenses of a money market fund carefully before investing. To obtain a prospectus, or summary prospectus, if available, that contains this and other information about the fund, contact your financial professional or visit dreyfus.com. Read the prospectus carefully before investing.

The fund is designed for purchase by stablecoin issuers and institutional investors.

Government/Treasury Money Market Funds: You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor is not required to reimburse the Fund for losses, and you should not expect that the sponsor will provide financial support to the Fund at any time, including during periods of market stress.

Although the Fund's board has no current intention to impose a fee upon the sale of shares, the board reserves the ability to do so after providing at least 60 days prior written notice to shareholders.

Stablecoin reserve risk: Shares of the fund are intended to be held by stablecoin issuers as reserves backing their outstanding payment stablecoins. The assets of the fund are therefore expected to fluctuate depending on the creation (minting) of additional stablecoins or the redemption (burning) of such stablecoins. Stablecoins are relatively new and may face periods of uncertainty, resulting in the potential for rapid and/or unexpected requests by stablecoin issuers for redemption of the fund's shares (including requests by multiple stablecoin issuers at the same time). Such redemption requests could adversely affect remaining fund shareholders, the fund's liquidity, and the fund's ability to maintain a stable price per share, particularly if such redemptions occur in times of overall market turmoil or declining prices.

ESG evaluation risk. Where appropriate and as applicable, Dreyfus incorporates environmental, social and governance (ESG) factors into its fundamental credit research process. Dreyfus may not consider ESG ratings or other ESG data or analysis in connection with every investment decision and may determine that other attributes of an investment outweigh ESG considerations when making an investment decision. ESG factors may not be determinative with respect to a given credit analysis or investment decision. Accordingly, a fund may invest in securities of a company/issuer with a negative ESG profile, and a fund may divest or not invest in a company/issuer with a positive ESG profile. In light of the fact that ESG data often lacks standardization, consistency and transparency, such data including ESG ratings for certain issuers/companies may not be available, complete or accurate. As a result, the fund’s investments may differ from, and potentially underperform funds that incorporate ESG data from other sources or utilize other methodologies.

As a measure of current income, 7-day yield most closely reflects the fund's current income generating ability.

1-Day Yield: the distribution factor for the prior business day multiplied by the number of days in the year.

1-Day Yield Unsubsidized: reflects what the 1-Day Yield would have been absent of contractual and or voluntary expense waivers.

1-Day Yield Subsidized: reflects expense fee waivers during the period. Without waivers, the yield would be reduced.

7-Day Yield Unsubsidized: the Fund's previous 7 days of income dividend per share, annualized by dividing by the 7 days and multiplying by the number of days in the year, and shown as a percentage of the fund's current net asset value per share. This yield does not reflect contractual and or voluntary fee waivers.

7-Day Yield Subsidized: the Fund's previous 7 days of income dividend per share, annualized by dividing by the 7 days and multiplying by the number of days in the year, and shown as a percentage of the fund's current net asset value per share. This yield reflects contractual and or voluntary fee waivers.

30-Day Unsubsidized Yield: a net yield exclusive of any fee waivers or reimbursements, is based upon dividends per share from net investment income during the past 30 days, divided by the period ended maximum offering price per share and annualized.

30-Day Subsidized Yield: a net yield inclusive of any fee waivers or reimbursements, is based upon dividends per share from net investment income during the past 30 days, divided by the period ended maximum offering price per share and annualized.

WAM: A measure of the average effective maturity of all of the underlying money market instruments in the fund, weighted to reflect the relative percentage ownership of each instrument. WAM calculations allow for the maturities of certain securities with periodic interest rate resets to be shortened. Generally, for money market funds, WAM can be used primarily as a measure of relative sensitivity to interest rate changes.

WAL: A measure of the average final maturity of all of the underlying money market instruments in the fund, weighted to reflect the relative percentage ownership of each instrument. Unlike WAM, WAL calculations do not allow maturities to be shortened for periodic interest rate resets. Accordingly, WAL will generally be higher than WAM.

Market Value NAV: Calculated based on available market quotations (except overnight securities which are valued at amortized cost) related to the Fund's securities at the close of business on the date stated. It is calculated to the nearest hundredth of a cent or (or $0.0001).

Daily Dividend Factor is a decimal representation of the amount of yield earned in one day.

Accumulated Dividend Factor is the decimal representation of the daily factors added up in anticipated of a monthly dividend payout.

MIC-825706-2025-10-21