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Dreyfus Institutional Preferred Government Money Market Fund

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 seeks to invest in securities that present minimal credit risk, based on BNY Mellon Investment Adviser's assessment of the issuer's or guarantor's credit quality and capacity to meet its financial obligations, which may include environmental, social and governance (ESG) factors as appropriate and applicable, 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.
Total Fund Assets
$21,658,560,069  As of  02/27/24
Share Class Assets
$20,131,226,464  As of  02/27/24
Inception Date
11/15/05
Fiscal Year End
Mar 31
Trade Deadline
5 PM ET
WAM
42 Days  As of  02/27/24
WAL
94 Days  As of  02/27/24
Holdings
80 As of  01/31/24
Min Investment
$500,000,000
1-Day Yield
5.28% As of  02/27/24
7-Day Yield With Waiver
5.27% As of  02/27/24
7-Day Yield Without Waiver
5.27% As of  02/27/24
30-Day Yield
5.28% As of  02/27/24
Dividend Factor
0.000144638 As of  02/27/24
Fund Share Price
$1.00
MARKET VALUE NAV
$1.0001 As of 02/27/24
Class Status
Open

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
  • 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 2022. 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.  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.  

Portfolio Daily Net Inflow or Outflow

As of  02/27/24
  Start Date End Date  
$596,230,765 

Portfolio Daily/Weekly Liquid Assets

As of  02/27/24
Daily Weekly Start Date End Date  
82.32% 83.47%

As of 01/31/24  Fund 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Institutional Preferred Government Money Market Fund
DSVXX
5.20% 2.38% 1.90% 1.27% 1.50% 11/15/05
As of  12/31/23  Fund 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Institutional Preferred Government Money Market Fund
DSVXX
5.11% 2.23% 1.84% 1.22% 1.48% 11/15/05
01/31/24  Fund 1 MO 3 MO 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Institutional Preferred Government Money Market Fund
DSVXX
0.45% 1.34% 5.20% 7.31% 9.84% 13.40% 31.04% 11/15/05
As of  12/31/23  Fund 1 MO 3 MO 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Institutional Preferred Government Money Market Fund
DSVXX
0.45% 1.34% 5.11% 6.84% 9.57% 12.90% 30.45% 11/15/05

YTD Returns

As of  02/27/24 As of  01/31/24 As of  12/31/23
0.84% 0.45% 5.11%

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 01/24 12/23 11/23 10/23 09/23 08/23 07/23 06/23 05/23 04/23 03/23 02/23
DSVXX
5.29%  5.31%  5.31%  5.30%  5.29%  5.29%  5.10%  5.06%  5.02%  4.81%  4.62%  4.52% 

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.

Fund 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
DSVXX
5.11%  1.63%  0.01%  0.40%  2.15%  1.79%  0.83%  0.29%  0.07%  0.03% 

Investment return fluctuates and past performance is no guarantee of future results.


Asset Allocation

As of  01/31/24

      Maturity Distribution

      As of  01/31/24

      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 Institutional Preferred Government Money Market Fund
      02/27/24

      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  01/31/24 FEE DESCRIPTION EXPENSE RATIO (%)
      Management Fee 0.10%
      Other Expenses 0.00%
      Total Expenses 0.10%

      Monthly Expense Ratios reflect any voluntary expense limitations that may be terminated at any time without notice by BNY Mellon Investment Adviser, Inc. as well as any contractual expense limitations reflected in the prospectus fee table. Voluntary expense limitations are not contractual and may fluctuate daily. Total Expenses is the total annual operating expense ratio for the fund before any applicable fee waivers or expense reimbursements. If applicable, Net Expenses is the total annual operating expense ratio for the fund after any applicable fee waivers or expense reimbursements.
      This data is annualized. Monthly operating expenses may vary month to month.

      BNY Mellon Investment Adviser, Inc. has undertaken to limit Fund expenses to maintain the minimum yield floor limit: .01%.  Such expense limitations may fluctuate daily, and are voluntary and temporary, not contractual, and may be terminated by BNY Mellon Investment Adviser, Inc. at any time without notice. 

      Prospectus Fee Table Expense Ratios

      As of  08/01/23  Fee Description Expense Ratio (%)
      Management Fee 0.10%
      Other Expenses 0.01%
      Total Expenses 0.11%
      Expenses Reimbursed 0.01%
      Net Expenses 0.10%

      Total Expenses is the total annual operating expense ratio for the fund before any contractual fee waivers or expense reimbursements as reflected in the prospectus fee table. If applicable, Net Expenses is the total annual operating expense ratio for the fund after any contractual fee waivers or expense reimbursements as reflected in the prospectus fee table.

      The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has agreed in its management agreement with the fund to: (1) pay all of the fund's direct expenses, except management fees and certain other expenses, including the fees and expenses of the independent board members and independent counsel to the fund and to the independent board members, and (2) reduce its fees pursuant to the management agreement in an amount equal to the fund's allocable portion of the fees and expenses of the independent board members and independent counsel to the fund and to the independent board members (in the amount of .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

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      Factsheet-Institutional Shares Download
      Prospectus-Institutional Shares Download
      Summary Prospectus-Institutional Shares Download
      SAI Download
      Annual Report Download
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      MARKETING MATERIALS

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      Dreyfus Institutional Preferred Money Market Funds Matrix Download
      WHERE OUR FUNDS CAN BE SOLD Download
      STRENGTH OF THE LION Download

      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.
       

      Dreyfus provides institutional investors and intermediaries with a variety of domestic and offshore money funds and short duration separate account strategies. Dreyfus is a division of Mellon Investments Corporation (MIC), a registered investment adviser and subsidiary of The Bank of New York Mellon Corporation. Securities are offered by BNY Mellon Securities Corporation (BNYMSC), a registered broker-dealer and affiliate of MIC. Certain offshore products are not available to US investors and are distributed by BNY Mellon entities licensed in the relevant jurisdictions.

      The information provided on this site is for informational purposes only and should not be construed as investment advice or a recommendation of any particular investment product, strategy, investment manager or account arrangement, and should not serve as a primary basis for investment decisions. Prospective investors should consult a legal, tax or financial professional in order to determine whether any investment product, strategy or service is appropriate for their particular circumstances. This information 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.


      MIC-272249-2022-05-17