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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 only in government securities, repurchase agreements collateralized solely by government securities and/or cash, and cash. 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 issuer's, guarantor's or counterparty'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.

The fund's Independence Point shares are offered only to clients of Independence Point Securities LLC and its affiliates.

 

Total Fund Assets
$157,868,086,476  As of  05/21/26
Share Class Assets
$376,054,989  As of  05/11/26
Inception Date
06/01/26
Trade Deadline
5 PM ET
WAM
36 Days  As of  05/11/26
WAL
69 Days  As of  05/11/26
Holdings
230 As of  04/30/26
Min Investment
$10,000,000
Dividend Factor
0.000096296 As of  05/11/26
Fund Share Price
$1.00
MARKET VALUE NAV
- As of
Class Status
Open
Fiscal Year End
Jan 31

Yields and Expense Ratio

1-DAY YIELD
as of 05/11/26
7-DAY YIELD
as of 05/11/26
30-DAY YIELD
as of 05/11/26
PROSPECTUS FEE TABLE EXPENSE RATIO (%)
as of
Subsidized Unsubsidized Subsidized Unsubsidized Subsidized Unsubsidized Net Gross Contractual
Fee Waiver
End Date
3.51 3.51 3.52 3.52 3.55 3.55 - - -

Daily Market Value NAV

As of  
  Start Date End Date  

Portfolio Daily Net Inflow or Outflow

As of  06/01/26
  Start Date End Date  
$0 

Portfolio Daily/Weekly Liquid Assets

As of  04/02/26
Daily Weekly Start Date End Date  
68.75% 81.56%

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 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.

As of  Fund 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Government Cash Management
IPSXX
06/01/26
As of   Fund 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Government Cash Management
IPSXX
06/01/26
 Fund 1 MO 3 MO 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Government Cash Management
IPSXX
06/01/26
As of   Fund 1 MO 3 MO 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Government Cash Management
IPSXX
06/01/26

YTD Returns

As of  As of  As of 
%

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.

Fund 05/26
IPSXX
0.00% 

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.


Maturity Distribution

As of  04/30/26

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
Dreyfus Government Cash Management
05/21/26

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.


Monthly Expense Ratios (Annualized)

As of  FEE DESCRIPTION EXPENSE RATIO (%)

Prospectus Fee Table Expense Ratios

As of   Fee Description Expense Ratio (%)

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-514493-2024-03-15