Dreyfus Government Cash Management

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 only in government securities, repurchase agreements collateralized solely by government securities and/or cash, and cash. The fund seeks to invest in securities that present minimal credit risk, based on BNY Mellon Investment Adviser's assessment of the issuer's or guarantor's credit quality and capacity to meet its financial obligations, which may include environmental, social and governance (ESG) factors as appropriate and applicable, among other factors. The fund is a government money market fund managed to meet the requirements of Rule 2A-7 under the Investment Company Act of 1940.

The BOLD℠ shares support Howard University's GRACE Grant, which stands for Graduation Retention Access to Continued Excellence, with an annual charitable donation of 10% from past profits. *In February 2022, Dreyfus made a donation of $300,000 to Howard’s GRACE Grant. Dreyfus is partnering with Howard University to build a non-financial program focusing on recruitment, mentorship and education to provide students further learning and development opportunities.

*"Net revenue" represents the management fee paid by the Fund to BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser) after any fee waivers and/or expense reimbursements by BNYM Investment Adviser and less any revenue sharing payments made by BNYM Investment Adviser or its affiliates, with respect to the Fund’s BOLD shares. If in any year 10% of net revenue attributable to the Fund’s BOLD shares is less than $300,000, BNYM Investment Adviser nevertheless will make the donation of the minimum amount from its past profits.

Total Fund Assets

$117,430,456,156 As of 06/02/23

Share Class Assets

$5,131,260,173 As of 06/02/23

Inception Date

02/23/22

Fiscal Year End

Jan 31

Trade Deadline

5 PM ET

WAM

19 Days As of 06/02/23

WAL

61 Days As of 06/02/23

Holdings

101 As of 05/31/23

Min Investment

$50,000,000

1-Day Yield

4.99% As of 06/02/23

7-Day Yield With Waiver

4.99% As of 06/02/23

7-Day Yield Without Waiver

4.96% As of 06/02/23

30-Day SEC Yield

4.98% As of 06/02/23

Dividend Factor

0.000410013 As of 06/02/23

Fund Share Price

$1.00 As of 06/02/23

MARKET VALUE NAV

$0.9999 As of 06/02/23

Class Status

Open

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.

Leading Agency Rating and Other Designations

AAAm

S&P
Aaa-mf

Moody's

Fund ratings are statements of opinion, not statements of fact or recommendations to buy, sell or hold the shares of a fund. All funds are formally assessed on an annual basis with each of the Dreyfus money market fund ratings affirmed in 2022. However, the funds are subject to ongoing surveillance and the rating agencies may revise the fund rating or outlook at any time. Standard & Poor's (S&P) believes that, with a Principal Stability Rating of AAAm, the fund has an extremely strong capacity to maintain principal and stability and to limit exposure to principal losses due to credit, market, and/or liquidity risks. For more information on rating methodology visit www.standardandpoors.com. Moody's Investors Service rates money market mutual funds 'Aaa-mf' if, in Moody's opinion, a fund has a very strong ability to meet the dual objectives of providing liquidity and preserving capital. This rating, which is derived from a combination of Moody's assessment of a fund's Portfolio Credit Profile, Portfolio Stability Profile, and other qualitative factors, is not intended to consider prospective performance of a fund. For more information on rating methodology visit www.moodys.com.

Portfolio Daily Net Inflow or Outflow

As of 06/02/23

	Start Date	End Date
$1,679,471,681

Portfolio Daily/Weekly Liquid Assets

As of 06/02/23

Daily	Weekly	Start Date	End Date
78.77%	81.71%	You must select a date.	You must select a date.

Performance

Average Annual Returns

Month End

As of 05/31/23 Fund	1 YR	3 YRS	5 YRS	10 YRS	Since Inception	Inception Date
Dreyfus Government Cash Management DBLXX	3.40%	-	-	-	2.73%	02/23/22

Quarter End

As of 03/31/23 Fund	1 YR	3 YRS	5 YRS	10 YRS	Since Inception	Inception Date
Dreyfus Government Cash Management DBLXX	2.64%	-	-	-	2.40%	02/23/22

Cumulative Returns

Month End

05/31/23 Fund	1 MO	3 MO	1 YR	3 YRS	5 YRS	10 YRS	Since Inception	Inception Date
Dreyfus Government Cash Management DBLXX	0.42%	1.20%	3.40%	-	-	-	3.48%	02/23/22

Quarter End

As of 03/31/23 Fund	1 MO	3 MO	1 YR	3 YRS	5 YRS	10 YRS	Since Inception	Inception Date
Dreyfus Government Cash Management DBLXX	0.39%	1.09%	2.64%	-	-	-	2.65%	02/23/22

YTD Returns

As of 06/02/23	As of 05/31/23	As of 03/31/23
1.96%	1.91%	1.09%

Monthly Yield History

Monthly

Fund	05/23	04/23	03/23	02/23	01/23	12/22	11/22	10/22	09/22	08/22	07/22	06/22
DBLXX	4.95%	4.74%	4.54%	4.45%	4.21%	3.97%	3.53%	2.84%	2.32%	2.09%	1.51%	1.04%

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

Asset Allocation

As of 05/31/23

Maturity Distribution

As of 05/31/23

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
Dreyfus Government Cash Management	06/02/23

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 04/30/23 FEE DESCRIPTION	EXPENSE RATIO (%)
Management Fee	0.20%
Other Expenses	0.01%
Total Expenses	0.21%
Expenses Reimbursed	0.03%
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.

BNY Mellon Investment Adviser, Inc. has undertaken to limit Fund expenses to maintain the minimum yield floor limit: .03%. Such expense limitations may fluctuate daily, and are voluntary and temporary, not contractual, and may be terminated by BNY Mellon Investment Adviser, Inc. at any time without notice.

Prospectus Fee Table Expense Ratios

As of 06/01/23 Fee Description	Expense Ratio (%)
Management Fee	0.20%
Other Expenses	0.02%
Total Expenses	0.22%
Expenses Reimbursed	0.04%
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 June 1, 2024, 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. On or after June 1, 2024, BNY Mellon Investment Adviser, Inc. may terminate this waiver agreement at any time. BNY Mellon Investment Adviser, Inc. has contractually agreed, until June 1, 2024, to waive receipt of its fees and/or assume the direct expenses of the fund's BOLD® shares so that the direct expenses of BOLD® shares (excluding taxes, brokerage commissions and extraordinary expenses) do not exceed .18%. To the extent that it is necessary for BNY Mellon Investment Adviser, Inc. to waive receipt of its management fee or reimburse the fund's common expenses, the amount of the waiver or reimbursement will be applied equally to each share class of the fund. On or after June 1, 2024, BNY Mellon Investment Adviser, Inc. may terminate the fee waiver agreement and/or expense limitation agreement at any time.

Literature

Prospectus and Reports

Key:

Download
Share
Subscribe
Order

Factsheet-BOLD℠ Shares	Download	Share
Prospectus-BOLD℠ Shares	Download	Share
Summary Prospectus-BOLD℠ Shares	Download	Share
SAI	Download	Share
Annual Report	Download	Share
Semi Annual Report	Download	Share

MARKETING MATERIALS

Key:

Download
Share
Subscribe
Order

Dreyfus Cash Management Funds Matrix	Download	Share
WHERE OUR FUNDS CAN BE SOLD	Download	Share
EFFECTIVELY MANAGING MONEY MARKET FUND ASSETS	Download	Share
Strength of the Lion	Download	Share

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.

Government/Treasury Money Market Funds: You could lose money by investing in a money market 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 insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.

Although the fund's board has no current intention to impose a fee upon the sale of shares or temporarily suspend redemptions if the fund's liquidity falls below certain levels, the board reserves the ability to do so after providing at least 60 days prior written notice to shareholders.

The fund's short-term corporate and asset- backed securities holdings involve credit and liquidity risks and risk of principal loss.

ESG evaluation risk applies to all government/treasury money market funds except Dreyfus Government Securities Cash Management, Dreyfus Treasury Securities Cash Management, and Dreyfus Institutional Preferred Treasury Securities Money Market Fund. Where appropriate and as applicable, Dreyfus CIS incorporates environmental, social and governance (ESG) factors into its fundamental credit research process. Dreyfus CIS 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.

Recent market risks include pandemic risks related to COVID-19. The effects of COVID-19 have contributed to increased volatility in global markets and will likely affect certain countries, companies, industries and market sectors more dramatically than others. To the extent the fund may overweight its investments in certain countries, companies, industries or market sectors, such positions will increase the fund's exposure to risk of loss from adverse developments affecting those countries, companies, industries or sectors.

As a measure of current income, 7-day yield most closely reflects the fund's current income generating ability. The 7-Day yield is an annualized yield based on the most recent 7 day period. SEC 30-day yield, which is 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. 7- Day Yield With Waiver may reflect the waiver of a portion of the management fee, and/or a reimbursement of fund expenses, by BNY Mellon Investment Adviser, Inc., which would have the effect of lowering the fund's expense ratio and generating a higher yield.

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.

This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular investment, strategy, investment manager or account arrangement, and should not serve as a primary basis for investment decisions. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. Please consult a legal, tax or financial professional in order to determine whether an investment product or service is appropriate for a particular 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.

Not FDIC-Insured. Not Bank-Guaranteed. May Lose Value.

MIC-272249-2022-05-17