Proxy Voting Policies

Summary of the Proxy Voting Policy and Procedures of The BNY Mellon Family of Funds.

 

The board of each fund in the BNY Mellon Family of Funds generally has delegated the authority to vote proxies of companies held in a fund's portfolio to either BNY Mellon Investment Adviser, Inc. ("BNYM Investment Adviser") or the fund’s sub-investment adviser ("Sub-Adviser"), as described below. In addition, for each fund, the board has adopted proxy voting procedures pursuant to which proxies of companies held in a fund’s portfolio will be voted.  The proxy voting procedures adopted for a fund are the procedures of: (i) the primary employer of the fund's portfolio managers ("Primary Employer"), (ii) the Sub-Adviser and/or (ii) the fund's asset allocator, BNY Mellon Wealth Management ("BNYM Wealth Management") (collectively, "Firms"), as described below.  Please consult a fund's Statement of Additional Information for details concerning the applicable Firm's proxy voting policies and procedures.

Funds Entity with Discretionary Proxy Voting Responsibility Firm Proxy Voting Procedures Adopted
Directly-Advised Funds1 BNYM Investment Adviser Primary Employer
Sub-Advised Funds Sub-Adviser Sub-Adviser
Multi-Strategy Funds2 BNYM Investment Adviser BNYM Wealth Management and/or Primary Employer3

Information regarding how BNY Mellon voted proxies for the funds during the most recent 12-month period ended June 30th is available on BNY Mellon's website, by the following August 31st, at www.bnymellonim.com and on the SEC's website at www.sec.gov on a fund's Form N-PX.

1"Directly-Advised Funds" are funds that are advised by BNYM Investment Adviser and are not Multi-Strategy Funds.

2BNY Mellon Asset Allocation Fund, BNY Mellon Mid Cap Multi-Strategy Fund, BNY Mellon Select Managers Small Cap Growth Fund, BNY Mellon Select Managers Small Cap Value Fund, BNY Mellon Small Cap Multi-Strategy Fund, BNY Mellon Small/Mid Cap Multi-Strategy Fund and BNY Mellon Tax Sensitive Large Cap Multi-Strategy Fund.

3For assets of BNY Mellon Asset Allocation Fund allocated to underlying funds and equities, BNYM Wealth Management.  For fixed income assets of BNY Mellon Asset Allocation Fund allocated to Mellon Investments Corporation ("Mellon"), the Primary Employer of the fund’s portfolio managers.

For assets of BNY Mellon Small Cap Multi-Strategy Fund, BNY Mellon Small/Mid Cap Multi-Strategy Fund and BNY Mellon Mid Cap Multi-Strategy Fund allocated to Mellon, Primary Employer.  For assets of BNY Mellon Mid-Cap Multi-Strategy Fund not allocated to Mellon, BNYM Wealth Management. 

For BNY Mellon Select Managers Small Cap Growth Fund, BNY Mellon Select Managers Small Cap Value Fund and BNY Mellon Tax-Sensitive Large Cap Multi-Strategy Fund, BNYM Wealth Management.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the Corporation as a whole or its various subsidiaries generally. BNY Mellon Investment Adviser, Inc. and BNY Wealth Management are companies of of The Bank of New York Mellon Corporation.

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