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BNY Mellon Liquidity Funds plc -- BNY Mellon U.S. Treasury Fund

Fund Objective / Approach

The investment objective of the BNY Mellon U.S. Treasury Fund is to provide investors with as high a level of current income in U.S. Dollar terms as is consistent with the preservation of capital in U.S. Dollar terms and the maintenance of liquidity.

To achieve this goal, the BNY Mellon U.S. Treasury Fund, will invest in transferable securities issued and guaranteed as to principal and interest by the U.S. Government including U.S. Treasury securities, i.e., U.S. Treasury Bills, U.S. Treasury Notes and U.S. Treasury Bonds, traded on a Regulated Market (as defined in the prospectus), and for purposes of efficient portfolio management, repurchase agreements in respect of these securities.

BNY Mellon Liquidity Funds plc has been authorised by The Central Bank of Ireland to invest up to 100% of the BNY Mellon U.S. Treasury Fund's net assets in securities issued and guaranteed as to principal and interest by the U.S. Government. This authorisation is subject to the condition that such securities will be comprised of at least six different issues and no one issue will account for more than 30% of the total assets of the BNY Mellon U.S. Treasury Fund.

The BNY Mellon U.S. Treasury Fund may hold ancillary liquid assets including, but not limited to, time deposits and demand deposits, within the conditions and limits laid down by The Central Bank of Ireland.
Total Fund Assets
$16,414,394,030  As of  04/12/24
Share Class Assets
$172,438,670  As of  04/12/24
Inception Date
08/09/96
Trade Deadline
5 PM ET
WAM
43 Days  As of  04/12/24
WAL
56 Days  As of  04/12/24
Holdings
52 As of  03/31/24
Min Investment
$1,000,000
1-Day Yield
4.74% As of  04/12/24
7-Day Yield With Waiver
4.74% As of  04/12/24
7-Day Yield Without Waiver
4.74% As of  04/12/24
30-Day Yield
4.76% As of  04/12/24
Dividend Factor
0.000389634 As of  04/12/24
Fund Share Price
$1.00
MARKET VALUE NAV
$0.9999 As of 04/12/24
Diff btw MTM & Fund Share Price
$-0.0001 As of 04/12/24
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 2024. 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  04/12/24
  Start Date End Date  
$36,737,142 

Portfolio Daily/Weekly Maturing Assets

As of  04/12/24
Daily Weekly Start Date End Date  
38.50% 59.22%

As of 03/31/24  Fund 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Liquidity Funds plc -- BNY Mellon U.S. Treasury Fund
DREUSTA
4.79% 2.27% 1.63% 1.01% 1.79% 08/09/96
As of  03/31/24  Fund 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Liquidity Funds plc -- BNY Mellon U.S. Treasury Fund
DREUSTA
4.79% 2.27% 1.63% 1.01% 1.79% 08/09/96
03/31/24  Fund 1 MO 3 MO 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Liquidity Funds plc -- BNY Mellon U.S. Treasury Fund
DREUSTA
0.40% 1.20% 4.79% 6.98% 8.44% 10.59% 63.15% 08/09/96
As of  03/31/24  Fund 1 MO 3 MO 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Liquidity Funds plc -- BNY Mellon U.S. Treasury Fund
DREUSTA
0.40% 1.20% 4.79% 6.98% 8.44% 10.59% 63.15% 08/09/96

YTD Returns

As of  04/12/24 As of  03/31/24 As of  03/31/24
0.97% 1.20% 1.20%

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 03/24 02/24 01/24 12/23 11/23 10/23 09/23 08/23 07/23 06/23 05/23 04/23
DREUSTA
4.76%  4.78%  4.79%  4.80%  4.81%  4.79%  4.78%  4.76%  4.58%  4.54%  4.48%  4.25% 

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
DREUSTA
4.56%  1.10%  0.01%  0.21%  1.61%  1.25%  0.28%  0.00%  0.00%  0.00% 

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


Asset Allocation

As of  03/31/24

      Final Maturity

      As of  03/31/24

      Portfolio composition is subject to change at any time. Data reflects days until final maturity for individual portfolio securities.

      Holdings Report

      Fund Name Historical Weekly Holdings
      BNY Mellon Liquidity Funds plc -- BNY Mellon U.S. Treasury Fund
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      Monthly Expense Ratios (Annualized)

      As of  03/31/24 FEE DESCRIPTION EXPENSE RATIO (%)
      Other Expenses 0.00%
      Total Expenses 0.60%

      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.

      Prospectus Fee Table Expense Ratios

      As of  06/06/23  Fee Description Expense Ratio (%)
      Total Expenses 0.60%

      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.


      Literature

      Prospectus and Reports

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      MARKETING MATERIALS

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      As a measure of current income, 7-day yield most closely reflects the fund's current income generating ability. 30-day yield 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. 7- Day Yield With Waiver may reflect the waiver of a portion of the management fee, and/or a reimbursement of fund expenses, by BNY Mellon Investment Adviser, Inc., which would have the effect of lowering the fund's expense ratio and generating a higher yield.

      WAM: A measure of the average maturity of all of the underlying money market instruments in the fund, weighted to reflect the relative percentage ownership of each instrument, and taking into account applicable "maturity shortening" provisions provided by the Rule. Generally, for money market funds, WAM can be used primarily as a measure of relative sensitivity to interest rate changes. WAL: WAL is the WAM of the money market fund calculated without reference to the "maturity shortening" provisions of Rule 2a-7 permitted for purposes of calculating WAM. Because WAL does not reflect the rule's "maturity shortening" provisions, 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.

      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. The fund’s prospectus includes important information about its principal investment strategy including, if applicable, how environmental, social and governance (“ESG”) factors may be considered as part of the fund’s securities selection process and the risks related to incorporating ESG considerations in the fund’s investment approach.

      The fund 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.

      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.
       

      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