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BNY Dreyfus Institutional Preferred Government Money Market Fund

TICKERBCSXX
Fund Code 6579
CUSIP 26200X779
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- Statement of Additional Information

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 Dreyfus’, a division of Mellon Investments Corporation, assessment of the issuer's or guarantor's credit quality and capacity to meet its financial obligations, 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, as amended.

Total Fund Assets

$31,983,509,805 As of 08/28/26

Share Class Assets

- As of

Inception Date

09/09/26

Trade Deadline

5 PM ET

WAM

- As of

WAL

- As of

Holdings

165 As of 07/31/26

Min Investment

$500,000,000

Dividend Factor

- As of

MARKET VALUE NAV

- As of

Class Status

Pending

Fiscal Year End

Mar 31

Yields and Expense Ratio

1-DAY YIELD as of		7-DAY YIELD as of		30-DAY YIELD as of		PROSPECTUS FEE TABLE EXPENSE RATIO (%) as of 09/08/26
Subsidized	Unsubsidized	Subsidized	Unsubsidized	Subsidized	Unsubsidized	Net	Gross	Contractual Fee Waiver End Date
-	-	-	-	-	-	0.12	0.12	-

Daily Market Value NAV

As of

	Start Date	End Date

Portfolio Daily Net Inflow or Outflow

As of 08/27/26

	Start Date	End Date
$239,940,184

Portfolio Daily/Weekly Liquid Assets

As of 08/28/26

Daily	Weekly	Start Date	End Date
79.91%	81.02%	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.

Leading Agency Rating and Other Designations

AAAm

S&P
Aaa-mf

Moody's
AAAmmf

Fitch, Inc

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 2025. 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. Fitch's Money Market Fund Rating of AAAmmf denotes Fitch's opinion that the fund has an extremely strong capacity to achieve its investment management objective of preserving principal and providing shareholder liquidity through limiting credit, market, and liquidity risk. Fitch's rating does not opine on any quality other than the fund's ability to maintain a stable net asset value. For more information on rating methodology visit www.fitchratings.com.

Performance

Average Annual Returns

Month End

As of Fund	1 YR	3 YRS	5 YRS	10 YRS	Since Inception	Inception Date
BNY Dreyfus Institutional Preferred Government Money Market Fund BCSXX						09/09/26

Quarter End

As of Fund	1 YR	3 YRS	5 YRS	10 YRS	Since Inception	Inception Date
BNY Dreyfus Institutional Preferred Government Money Market Fund BCSXX						09/09/26

Cumulative Returns

Month End

Fund	1 MO	3 MO	1 YR	3 YRS	5 YRS	10 YRS	Since Inception	Inception Date
BNY Dreyfus Institutional Preferred Government Money Market Fund BCSXX								09/09/26

Quarter End

As of Fund	1 MO	3 MO	1 YR	3 YRS	5 YRS	10 YRS	Since Inception	Inception Date
BNY Dreyfus Institutional Preferred Government Money Market Fund BCSXX								09/09/26

YTD Returns

As of	As of	As of
%

Portfolio

Maturity Distribution

As of 07/31/26

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 Institutional Preferred Government Money Market Fund	08/28/26

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 FEE DESCRIPTION	EXPENSE RATIO (%)

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 09/08/26 Fee Description	Expense Ratio (%)
Management Fee	0.10%
Service Fee	0.02%
Other Expenses	0.00%
Total Expenses	0.12%
Net Expenses	0.12%

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.

Literature

Prospectus and Reports

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Statement of Additional Information

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MARKETING MATERIALS

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Dreyfus Institutional Preferred Money Market Funds Matrix	Download	Share
WHERE OUR FUNDS CAN BE SOLD	Download	Share
Effectively Managing Money Market Fund Assets	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 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.

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

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-943889-2026-05-28