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BNY Dreyfus On-Chain Liquidity Fund

TICKERBCLXX
Fund Code 4150
CUSIP 262006760
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 U.S. Treasury securities, overnight repurchase agreements collateralized solely by U.S. Treasury securities and/or cash, and cash. The U.S. Treasury securities in which the fund invests have a remaining maturity of 93 days or less or are issued with a maturity of 93 days or less. The fund invests in securities issued or guaranteed as to principal and interest by the U.S. government or its agencies or instrumentalities and seeks to enter into repurchase agreements that present minimal credit risk, based on an assessment by Dreyfus, a division of Mellon Investments Corporation, the fund's sub-adviser, of the counterparty's credit quality and capacity to meet its financial obligations, among other factors.

Shares of the fund are intended to serve as reserves backing outstanding payment stablecoins and to meet the needs of clients who prefer digital methods for recordkeeping and transacting. The fund does not invest in stablecoins.

ONLINE
APPLICATION

ACTIVE INVESTOR
PORTAL

Total Fund Assets

$25,000,000 As of 08/07/26

Share Class Assets

$25,000,000 As of 08/07/26

Inception Date

08/03/26

Trade Deadline

5 PM ET

WAM

20 Days As of 08/07/26

WAL

20 Days As of 08/07/26

Holdings

- As of

Min Investment

$3,000

Dividend Factor

0.000282197 As of 08/07/26

Fund Share Price

$1.00 As of 08/07/26

MARKET VALUE NAV

$1.0000 As of 08/07/26

Class Status

Open

Fiscal Year End

May 31

Yields and Expense Ratio

1-DAY YIELD as of 08/07/26		7-DAY YIELD as of 08/07/26		30-DAY YIELD as of 08/07/26		PROSPECTUS FEE TABLE EXPENSE RATIO (%) as of 07/24/26
Subsidized	Unsubsidized	Subsidized	Unsubsidized	Subsidized	Unsubsidized	Net	Gross	Contractual Fee Waiver End Date
3.43	3.24	3.43	3.43	0.00	0.00	0.23	0.42	07/31/27

Daily Market Value NAV

As of 08/07/26

	Start Date	End Date
$1.0000

Portfolio Daily Net Inflow or Outflow

As of 08/06/26

	Start Date	End Date
$0

Portfolio Daily/Weekly Liquid Assets

As of 08/07/26

Daily	Weekly	Start Date	End Date
99.99%	99.99%	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 Fund	1 YR	3 YRS	5 YRS	10 YRS	Since Inception	Inception Date
BNY Dreyfus On-Chain Liquidity Fund BCLXX						08/03/26

Quarter End

As of Fund	1 YR	3 YRS	5 YRS	10 YRS	Since Inception	Inception Date
BNY Dreyfus On-Chain Liquidity Fund BCLXX						08/03/26

Cumulative Returns

Month End

Fund	1 MO	3 MO	1 YR	3 YRS	5 YRS	10 YRS	Since Inception	Inception Date
BNY Dreyfus On-Chain Liquidity Fund BCLXX								08/03/26

Quarter End

As of Fund	1 MO	3 MO	1 YR	3 YRS	5 YRS	10 YRS	Since Inception	Inception Date
BNY Dreyfus On-Chain Liquidity Fund BCLXX								08/03/26

YTD Returns

As of	As of	As of
%

Portfolio

Maturity Distribution

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 On-Chain Liquidity Fund	08/07/26

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 07/31/26 FEE DESCRIPTION	EXPENSE RATIO (%)
Management Fee	0.20%
Service Fee	0.05%
Other Expenses	0.17%
Total Expenses	0.42%
Expenses Reimbursed	0.19%
Net Expenses	0.23%

Prospectus Fee Table Expense Ratios

As of 07/24/26 Fee Description	Expense Ratio (%)
Management Fee	0.20%
Shareholder Service Fees	0.05%
Other Expenses	0.17%
Total Expenses	0.42%
Expenses Reimbursed	0.19%
Net Expenses	0.23%

The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until July 31, 2027, 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 July 31, 2027, to waive receipt of its fees and/or assume the direct expenses of the fund's shares so that the direct expenses (excluding shareholder services fees, taxes, brokerage commissions and extraordinary expenses) do not exceed .18%. On or after July 31, 2027, 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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Prospectus - Single Share Class	Download	Share
Summary Prospectus - Single Share Class	Download	Share
Statement of Additional Information	Download	Share

Marketing Materials

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Client Guide

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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.

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 is designed for purchase by stablecoin issuers and institutional investors.

Main Risks

Blockchain technology risk: Blockchain technology is a relatively new and untested technology that operates as a distributed ledger. There are risks associated with the fund's issuance, transfer, redemption and recordkeeping of shares on a blockchain, and these risks may not fully emerge until technology becomes more widely used. Blockchain systems are public and permissionless and could be vulnerable to fraud. There may also be undiscovered technical flaws in the Transfer Agent's blockchain-integrated recordkeeping system or the underlying blockchain technology.

Cybersecurity and technology risk: As the use of technology has become more prevalent in the course of business, and in particular because of the fund's use of blockchain technology (including the Transfer Agent maintaining official ownership records via book-entry tokens and smart contract technology), the fund is more susceptible to operational and financial risks associated with cyber security and technology, including: theft, loss, misuse, improper release, corruption and destruction of, or unauthorized access to, confidential or highly restricted data relating to the fund and its shareholders; processing and human errors; inadequate or failed internal or external processes; failures in systems and technology; errors in blockchain, smart contracts and other technology used with respect to the fund; changes in personnel; errors caused by third-parties or trading counterparties; and compromises or failures to systems, networks, devices and applications relating to the operations of the fund and its service providers. These risks may result in financial losses to the fund and its shareholders.

Stablecoin reserve risk: Shares of the fund are intended to be held by stablecoin issuers as reserves backing their outstanding payment stablecoins and to meet the needs of clients who prefer digital methods for recordkeeping and transacting. Although the fund does not invest in stablecoins or stablecoin issuers, the assets of the fund are 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.

MARK-921875-2026-04-20