Offshore Money Market Funds

The BNY Mellon Liquidity Funds are available in two U.S. dollar denominated money funds; BNY Mellon U.S. Dollar Liquidity Fund and BNY Mellon U.S. Treasury Fund. Both funds are managed by Dreyfus Cash Investment Strategies (Dreyfus CIS), a division of BNY Mellon Investment Adviser, Inc.

Investing in a diversified range of high-quality money market instruments, these UCITS-compliant money funds have been designed for investors who desire professional active management of their liquid assets. They are suited for temporary cash investment, seasonal operating cash and automated cash sweeps. The funds have a consistent approach to short-term investing – one that emphasizes security, liquidity, and diversification.

 

Offshore Money Market Funds*

BNY Mellon U.S. Dollar Liquidity Fund: A Short-Term Low Volatility Net Asset Value Fund (LVNAV)

Investors can purchase and redeem at a constant NAV to two decimal places, provided the fund is managed to certain restrictions:

  • Value portfolio securities < 75 days’ maturity using amortized cost as long as mark-to-market valuation does not deviate by more than 10 bps. If greater than 10 bps, security must be valued at mark to market.
  • Value portfolio securities > 75 days’ maturity at mark to market.
  • Value portfolio at amortized cost as long as mark-to-market valuation does not deviate by more than 20 bps. If greater than 20 bps, the fund must be valued using mark to market to four decimal places.
  • Minimum liquidity requirements: Daily Maturing Assets (DMA) must be 10% or greater, Weekly Maturing Assets (WMA) must be 30% or greater.

BNY Mellon U.S. Treasury Fund: A Public Debt (Government) Constant Net Asset Value Short-Term Money Market Fund

The fund is characterized by:

  • A constant net asset value (CNAV) per unit/share.
  • Required to invest at least 99.5% of the fund’s assets in cash, government securities, or repurchase agreements that are fully collateralized.
  • Value securities using the amortized cost method.
  • Value fund shares using the amortized cost method.
  • Minimum liquidity requirements: Daily Maturing Assets (DMA) must be 10% or greater, Weekly Maturing Assets (WMA) must be 30% or greater.

*The funds outlined are not available to U.S. Persons (as described in the Prospectus) and may only be offered and sold in accordance with Regulation S under the U. S. Securities Act of 1933.

An investment in a money market fund is not a guaranteed investment; it is different to an investment in deposits as the principal invested is capable of fluctuation. The Fund does not rely on external support for guaranteeing its ability to sell its assets and/or meet redemptions (liquidity) or stabilizing the fund's price per unit/share (Net Asset Value). There is a risk of loss of the principal invested, which is borne by the investor.

BNY Mellon Liquidity Funds plc is an open-ended investment company with variable capital and segregated liability between sub-funds, incorporated with limited liability under the laws of Ireland. It qualifies and is authorized in Ireland by the Central Bank of Ireland as an undertaking for collective investments in transferable securities pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities -"UCITS") Regulations, 2011 (S.I. No. 352 of 2011), as amended. The Manager of BNY Mellon Liquidity Funds plc is BNY Mellon Fund Management (Luxembourg) S.A., 2-4, rue Eugéne Ruppert L-2453 Luxembourg. The Manager is authorised and regulated by the Commission de Surveillance du Secteur Financier (“CSSF”) to act as a management company according to Chapter 15 of the Luxembourg Act of 17 December 2010 concerning undertakings for collective investment, as amended. This is a financial promotion and is not intended as investment advice. BNY Mellon Investment Management and its affiliates are not responsible for any subsequent investment advice given by non-affiliates based on the information contained herein. This document may not be used for the purpose of an offer or solicitation in any jurisdiction or in any circumstances in which such offer or solicitation is unlawful or not authorized. Any offer of securities may be made only by means of the Prospectus and/or Key Investor Information Document (KIID). Past performance is not a guide to future performance. The value of investments and the income therefrom is not guaranteed and can fall as well as rise due to a variety of factors, including interest rate, stock market and currency movements. No investment strategy or risk management technique, including the ones used by the fund described herein, can guarantee return or eliminate risk. When you sell your investment you may get back less than you originally invested. No warranty is given as to the accuracy or completeness of the information contained herein and no liability is accepted for errors or omissions in such information. The information in this material is only as current as the date indicated, and may be superseded, at any time and without notice, by subsequent market events or for other reasons. BNY Mellon Investment Management and its affiliates do not undertake to revise or update this information in any way. An investment in the funds described herein involves certain risks. Prospective investors should ensure that they: (i) independently investigate the investment strategy and manager; (ii) understand the nature of the investment and the extent of their exposure to risk; (iii) have sufficient knowledge and experience to make their own legal, tax, accounting, and financial evaluation of the merits and risks of participating in an investment in the products described herein; (iv) consult with qualified investment, legal, and tax professionals before making any investment; and (v) consider the suitability of investing in the products described herein in light of their own circumstances and financial condition. Neither the BNY Mellon Liquidity Funds plc nor any of its sub-funds has, or will be, registered in the U.S. under the Investment Company Act of 1940, and the shares in the sub-funds are not registered under the U.S. Securities Act of 1933. Therefore, investors will not be entitled to the benefits of such registration(s). Investors must carefully consider the risks associated with the investments described herein, some of which include: i) investing in the sub-funds is not comparable to investing in a deposit account; ii) investments are subject to uncertainties such as international political developments, changes in government policies, changes in taxation, restrictions on foreign investment and currency repatriation, currency fluctuations and other developments in the laws and regulations of countries in which investments are made or in which the BNY Mellon Liquidity Funds plc is incorporated; iii) the legal infrastructure and accounting, auditing and reporting standards in certain countries in which investment may be made may not provide the same degree of investor protection of information to investors as would generally apply in major securities markets; iv) a sub-fund may use futures or options which can increase volatility and the risk of loss; v) the value of a sub-fund will fluctuate in accordance with the changes in the foreign exchange rate between the euro, the dollar, the sterling and the currencies in which the sub-fund's investments are denominated, therefore creating an exposure to currency risk; vi) value of a sub-fund may be affected by changes in interest rates and the creditworthiness of issuers of the sub-fund's investments; and vii) certain sub-funds may invest in lower-rated fixed income securities, and such securities carry a higher degree of default risk which may affect the value of an investment. The foregoing list of certain risk factors does not purport to be a complete enumeration or explanation of the risks involved in an investment in the fund described herein. In addition, as the investment markets and investment products develop and change over time, an investment may be subject to additional and different risk factors. No assurance can be made that profits will be achieved or that substantial losses will not be incurred. Investors should read the Prospectus and/or KIID before deciding to invest. These documents can be obtained from BNY Mellon Fund Management (Luxembourg) S.A. or from BNY Mellon Securities Corporation. This document is distributed to intermediaries or other financial professionals in the United States by BNY Mellon Securities Corporation located at 240 Greenwich Street, New York, NY 10286, U.S.A. BNY Mellon Securities Corporation, a sub-distributor of the BNY Mellon Liquidity Funds plc, is a registered broker-dealer and a member of FINRA. BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, encompassing BNY Mellon's affiliated investment management firms and global distribution companies, which include BNY Mellon Securities Corporation, BNY Mellon Fund Management (Luxembourg) S.A., and BNY Mellon Investment Adviser, Inc. The information contained herein may not be reproduced or redistributed in whole or in part without the written consent of BNY Mellon Securities Corporation. BNY Mellon is the corporate brand for The Bank of New York Mellon Corporation.

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