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Dreyfus Institutional Preferred Government Plus Money Market Fund

Overview

Fund Objective / Approach

Total Fund Assets

$804,565,604 As of 02/20/26

Share Class Assets

$804,565,604 As of 02/20/26

Inception Date

10/16/00

Trade Deadline

5 PM ET

WAM

3 Days As of 02/20/26

WAL

3 Days As of 02/20/26

Holdings

5 As of 01/31/26

Min Investment

Dividend Factor

0.000303633 As of 02/20/26

Fund Share Price

$1.00 As of 02/20/26

MARKET VALUE NAV

$1.0000 As of 02/20/26

Class Status

Open

Fiscal Year End

Mar 31

Yields and Expense Ratio

1-DAY YIELD as of 02/20/26		7-DAY YIELD as of 02/20/26		30-DAY YIELD as of 02/20/26		PROSPECTUS FEE TABLE EXPENSE RATIO (%) as of 08/01/25
Subsidized	Unsubsidized	Subsidized	Unsubsidized	Subsidized	Unsubsidized	Net	Gross	Contractual Fee Waiver End Date
3.69	3.59	3.71	3.61	3.70	3.60	0.10	0.10	-

Daily Market Value NAV

As of 02/20/26

	Start Date	End Date
$1.0000

Portfolio Daily Net Inflow or Outflow

As of 02/19/26

	Start Date	End Date
$21,284,652

Portfolio Daily/Weekly Liquid Assets

As of 02/20/26

Daily	Weekly	Start Date	End Date
99.96%	99.96%	You must select a date.	You must select a date.

Leading Agency Rating and Other Designations

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. 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 01/31/26 Fund	1 YR	3 YRS	5 YRS	10 YRS	Since Inception	Inception Date
Dreyfus Institutional Preferred Government Plus Money Market Fund	4.32%	4.96%	3.38%	2.25%	1.92%	10/16/00

Quarter End

As of 12/31/25 Fund	1 YR	3 YRS	5 YRS	10 YRS	Since Inception	Inception Date
Dreyfus Institutional Preferred Government Plus Money Market Fund	4.37%	4.98%	3.32%	2.22%	1.92%	10/16/00

Cumulative Returns

Month End

01/31/26 Fund	1 MO	3 MO	1 YR	3 YRS	5 YRS	10 YRS	Since Inception	Inception Date
Dreyfus Institutional Preferred Government Plus Money Market Fund	0.31%	0.97%	4.32%	15.63%	18.10%	24.96%	61.89%	10/16/00

Quarter End

As of 12/31/25 Fund	1 MO	3 MO	1 YR	3 YRS	5 YRS	10 YRS	Since Inception	Inception Date
Dreyfus Institutional Preferred Government Plus Money Market Fund	0.32%	1.02%	4.37%	15.69%	17.74%	24.60%	61.38%	10/16/00

YTD Returns

As of 02/20/26	As of 01/31/26	As of 12/31/25
0.54%	0.31%	4.37%

Monthly

Fund	01/26	12/25	11/25	10/25	09/25	08/25	07/25	06/25	05/25	04/25	03/25	02/25
	3.70%	3.81%	4.02%	4.23%	4.34%	4.40%	4.39%	4.37%	4.36%	4.40%	4.38%	4.39%

Yearly

Fund	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
	4.37%	5.35%	5.21%	1.71%	0.06%	0.51%	2.20%	1.83%	0.85%	0.32%

Portfolio

Asset Allocation

As of 01/31/26

Maturity Distribution

As of 01/31/26

Holdings Report

Fund Name	Total Holdings As of	Historical Daily Holdings
Dreyfus Institutional Preferred Government Plus Money Market Fund	02/20/26

Fees & Expenses

Monthly Expense Ratios (Annualized)

As of 01/31/26 FEE DESCRIPTION	EXPENSE RATIO (%)
Management Fee	0.10%
Other Expenses	0.00%
Total Expenses	0.10%
Expenses Reimbursed	0.10%
Net Expenses	0.00%

The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has agreed to waive receipt its management fee in the amount of .10% of the value of the fund's average daily net assets. This expense waiver is voluntary, not contractual, and may be terminated by BNY Mellon Investment Adviser, Inc. at any time.

Prospectus Fee Table Expense Ratios

As of 08/01/25 Fee Description	Expense Ratio (%)
Management Fee	0.10%
Other Expenses	0.00%
Total Expenses	0.10%
Net Expenses	0.10%

The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has agreed in its management agreement with the fund to pay all of the fund's expenses, except management fees, brokerage fees and commissions, if any, fees pursuant to any distribution or shareholder services plan adopted by the fund, fees and expenses of the non-interested board members and their counsel and independent counsel to the fund, and any extraordinary expenses. BNY Mellon Investment Adviser, Inc. has further agreed to reduce its fee in an amount equal to the fund's allocable portion of the fees and expenses of the non-interested board members and the fees and expenses of independent counsel to the fund and to the non-interested board members (in the amount of less than .01% for the past fiscal year). These provisions in the management agreement may not be amended without the approval of the fund's shareholders.

Literature

Prospectus and Reports

Key:

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Factsheet - Institutional Shares	Download	Share
Prospectus - Institutional Shares	Download	Share
Summary Prospectus - Institutional Shares	Download	Share
Statement of Additional Information	Download	Share
Annual Report - Institutional Shares	Download	Share
Semi Annual Report - Institutional Shares	Download	Share
Annual Financials and Other Information	Download	Share
Semi Annual Financials and Other Information	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.

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-883426-2026-02-10