STATEMENT OF ADDITIONAL INFORMATION

March 31, 2023, as revised or amended, January 18, 2024 and [ ]

This Statement of Additional Information (SAI), which is not a prospectus, supplements and should be read in conjunction with the current prospectus of each fund listed below, as such prospectuses may be revised from time to time. To obtain a copy of a fund's prospectus, please call your financial adviser, or write to the fund at 144 Glenn Curtiss Boulevard, Uniondale, New York 11556-0144, visit www.im.bnymellon.com or, for the money market funds, www.dreyfus.com, or call 1-800-373-9387 (inside the U.S. only).

The most recent annual report and semi-annual report to shareholders for each fund are separate documents supplied with this SAI, and the financial statements, accompanying notes and report of the independent registered public accounting firm appearing in the annual report are incorporated by reference into this SAI and can be accessed by clicking on the applicable link in the "Fiscal Year End/Annual Report Date" column below. All classes of a fund have the same fiscal year end and prospectus date, except if otherwise indicated. Capitalized but undefined terms used in this SAI are defined in the Glossary at the end of this SAI.

Fund Abbreviation Share Class/Ticker Fiscal Year
End/Annual Report Date*
Prospectus Date
         
BNY Mellon Advantage Funds, Inc. BNYMAD      
BNY Mellon Dynamic Total Return Fund BNYMDTRF Class A/AVGAX October 31st March 1st
    Class C/AVGCX    
    Class I/AVGRX    
    Class Y/AVGYX    
BNY Mellon Dynamic Value Fund BNYMDVF Class A/DAGVX August 31st December 29th
    Class C/DCGVX    
    Class I/DRGVX    
    Class Y/DRGYX    
BNY Mellon Global Dynamic Bond Income Fund BNYMGDBIF Class A/DGDAX October 31st March 1st
    Class C/DGDCX    
    Class I/DGDIX    
    Class Y/DGDYX    
BNY Mellon Global Real Return Fund BNYMGRRF Class A/DRRAX October 31st March 1st
    Class C/DRRCX    
    Class I/DRRIX    
    Class Y/DRRYX    
BNY Mellon Opportunistic Midcap Value Fund BNYMOMVF Class A/DMCVX August 31st December 29th
    Class C/DVLCX    
    Class I/DVLIX    
    Class Y/DMCYX    
BNY Mellon Opportunistic Small Cap Fund BNYMOSCF Investor/DSCVX August 31st December 29th
    Class I/DOPIX    
    Class Y/DSCYX    
BNY Mellon Technology Growth Fund BNYMTGF Class A/DTGRX August 31st December 29th
    Class C/DTGCX    
    Class I/DGVRX    
    Class Y/DTEYX    
BNY Mellon Appreciation Fund, Inc. BNYMAF Investor/DGAGX December 31st May 1st
    Class I/DGIGX    
    Class Y/DGYGX    
BNY Mellon Index Funds, Inc. BNYMIF      
 
 

 

Fund Abbreviation Share Class/Ticker Fiscal Year
End/Annual Report Date*
Prospectus Date
BNY Mellon International Stock Index Fund BNYMISIF Investor/DIISX October 31st March 1st
    Class I/DINIX    
BNY Mellon S&P 500 Index Fund BNYMS&P PEOPX October 31st March 1st
BNY Mellon Smallcap Stock Index Fund BNYMSSIF Investor/DISSX October 31st March 1st
    Class I/DISIX    
BNY Mellon Investment Funds V, Inc. BNYMIFV      
BNY Mellon Diversified International Fund BNYMDIF Class A/DFPAX October 31st March 1st
    Class C/DFPCF    
    Class I/DFPIX    
    Class Y/DDIFX    
BNY Mellon Developed Markets Real Estate Securities Fund BNYMDMRESF Class A/DRLAX October 31st March 1st
    Class C/DGBCX    
    Class I/DRLIX    
    Class Y/DRLYX    
BNY Mellon Large Cap Equity Fund BNYMLCEF Class A/DLQAX December 31st May 1st
    Class C/DEYCX    
    Class I/DLQIX    
    Class Y/DLACX    
BNY Mellon Investment Funds VI BNYMIFVI      
BNY Mellon Balanced Opportunity Fund BNYMBOF Class A/DBOAX November 30th March 31st
    Class C/DBOCX    
    Class I/DBORX    
    Class J/THPBX    
    Class Y/DBOYX    
    Class Z/DBOZX    
BNY Mellon Midcap Index Fund, Inc. BNYMMIF Investor/PESPX October 31st March 1st
    Class I/DMIDX    
BNY Mellon New Jersey Municipal Bond Fund, Inc. BNYMNJMBF Class A/DRNJX December 31st May 1st
    Class C/DCNJX    
    Class I/DNMIX    
    Class Y/DNJYX    
    Class Z/DZNJX    
BNY Mellon New York AMT-Free Municipal Bond Fund BNYMNYAFMBF Class A/PSNYX November 30th November 20th
    Class C/PNYCX    
    Class I/DNYIX    
    Class Y/DNYYX    
    Class Z/DNYAX    
BNY Mellon Opportunistic Municipal Securities Fund BNYMOMSF Class A/PTEBX April 30th September 1st
    Class C/DMBCX    
    Class I/DMBVX    
    Class Y/DMBYX    
    Class Z/DMBZX    
BNY Mellon Research Growth Fund, Inc. BNYMRGF Class A/DWOAX February 28(9)th June 30th
    Class C/DWOCX    
 
 

 

Fund Abbreviation Share Class/Ticker Fiscal Year
End/Annual Report Date*
Prospectus Date
    Class I/DWOIX    
    Class Y/DRYQX    
    Class Z/DREQX    
BNY Mellon Worldwide Growth Fund, Inc. BNYMWGF Class A/PGROX October 31st March 1st
    Class C/PGRCX    
    Class I/DPWRX    
    Class Y/DPRIX    
General Money Market Fund, Inc. GMMF      
Dreyfus Money Market Fund DMMF Wealth/GMMXX November 30th March 31st
    Service/GMBXX    
    Premier/GMGXX    
General Municipal Money Market Funds, Inc. GMMMFI      
Dreyfus National Municipal Money Market Fund DNMMMF Wealth/GTMXX November 30th March 31st
    Service/GBMXX    
    Premier/GMHXX    
General New York Municipal Money Market Fund GNYMMMF      
Dreyfus New York Municipal Money Market Fund DNYMMMF Wealth/GNMXX November 30th March 31st
    Service/GNYXX    
    Premier/GNBXX    
* Certain information provided in this SAI is indicated to be as of the end of a fund's last fiscal year or during a fund's last fiscal year. The term "last fiscal year" means the most recently completed fiscal year, except that, for funds with a fiscal year ended [October 31st, November 30th or December 31st ]/[February 28(9)th], "last fiscal year" means the fiscal year immediately preceding the most recently completed fiscal year.

 

 
 

TABLE OF CONTENTS

PART I  
BOARD INFORMATION I-1
Information About Each Board Member's Experience, Qualifications, Attributes or Skills I-1
Committee Meetings I-5
Board Members' Fund Share Ownership I-6
Board Members' Compensation I-7
OFFICERS I-10
CERTAIN PORTFOLIO MANAGER INFORMATION I-13
ADVISERS' COMPENSATION; COMPLIANCE SERVICES I-17
Advisers' Compensation I-17
Compliance Services I-19
SECURITIES LENDING ACTIVITIES I-20
SALES LOADS, CDSCS AND DISTRIBUTOR'S COMPENSATION I-24
OFFERING PRICE I-30
SECURITIES OF REGULAR BROKERS OR DEALERS I-31
COMMISSIONS I-33
PORTFOLIO TURNOVER VARIATION I-35
SHARE OWNERSHIP I-36
PART II  
HOW TO BUY SHARES II-1
Investment Minimums II-1
Information Pertaining to Purchase Orders II-1
TeleTransfer Privilege II-1
Information Regarding the Offering of Share Classes II-1
Class A II-3
HOW TO REDEEM SHARES II-4
Information Pertaining to Redemptions II-4
Wire Redemption Privilege II-4
TeleTransfer Privilege II-4
Redemption Through an Authorized Entity II-5
SHAREHOLDER SERVICES II-6
Fund Exchanges II-6
DISTRIBUTION PLANS AND SHAREHOLDER SERVICES PLANS II-7
ADMINISTRATIVE SERVICES PLANS II-10
INVESTMENTS, INVESTMENT TECHNIQUES AND RISKS II-11
Funds other than Money Market Funds II-11
Money Market Funds II-25
INVESTMENT RESTRICTIONS II-27
Fundamental Policies II-27
Nonfundamental Policies II-37
 
 
Fundamental and Nonfundamental Policies Related to Fund Investment Objectives, Diversification and Names II-41
DIVIDENDS AND DISTRIBUTIONS II-43
INFORMATION ABOUT THE FUNDS' ORGANIZATION AND STRUCTURE II-44
CERTAIN EXPENSE ARRANGEMENTS AND OTHER DISCLOSURES II-45
Expense Arrangements II-45
Expense Limitations II-45
Index Licensing Disclosures—S&P II-46
COUNSEL AND INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM II-46
RISKS OF INVESTING IN STATE MUNICIPAL SECURITIES II-46
New Jersey II-46
COVID-19 Matters II-46
General Information II-47
Demographics II-47
State Funds and Accounting II-47
State Funds II-47
Other Revenue Sources II-48
State Economy and Finances II-48
State Indebtedness II-49
General II-49
State Pension Plans II-50
Litigation II-51
New York II-54
Economic Trends II-54
U.S. Economy II-54
State Economy II-55
The City of New York II-56
Other Localities II-56
Special Considerations II-57
State Finances II-59
Summary of State General Fund Operating Results II-59
State Indebtedness II-59
Cash Position II-60
Limitations on State-Supported Debt II-60
State-Supported Debt II-60
Ratings II-61
State Supported Borrowing Plan II-61
Pension and Retirement Systems II-61
Litigation II-62
Real Property Claims II-63
School Aid II-63
Compensation of Assigned Counsel II-64
PART III  
ADDITIONAL INFORMATION ABOUT HOW TO BUY SHARES III-1
Investment Minimums III-1
Small Account Policies III-2
In-Kind Purchases III-2
Information Pertaining to Purchase Orders III-2
TeleTransfer Privilege III-2
Reopening an Account III-3
Multi-Class Funds III-3
 
 
All Other Funds and Share Classes III-5
Information Relating to Purchase Orders (money market funds only) III-5
Converting Shares III-6
Taxpayer ID Number III-6
Frequent Purchases and Exchanges (non-money market funds only) III-6
ADDITIONAL INFORMATION ABOUT HOW TO REDEEM SHARES III-7
Redemption Fee III-8
Contingent Deferred Sales Charge—Multi-Class Funds III-8
Class C III-8
Waiver of CDSC III-8
Redemption Through an Authorized Entity III-9
Checkwriting Privilege III-9
Wire Redemption Privilege III-10
Redemption through Compatible Computer Facilities III-10
TeleTransfer Privilege III-10
Reinvestment Privilege III-10
Share Certificates; Medallion Signature Guarantees III-10
Share Certificates III-10
Medallion Signature Guarantees III-11
Redemption Commitment III-11
Suspension of Redemptions III-11
Fund Liquidation (money market funds only) III-11
ADDITIONAL INFORMATION ABOUT SHAREHOLDER SERVICES III-12
Fund Exchanges III-12
Class A or Class C shares of a Multi-Class Fund III-13
Shares Received by Exchange From Class B Shares III-13
Class J Shares of BNY Mellon Balanced Opportunity Fund III-14
Class Y Shares III-14
Exchanges of Class I or Class Y Shares Held by a Retirement Plan III-14
Auto-Exchange Privilege III-14
Automatic Asset Builder® III-14
Government Direct Deposit Privilege III-14
Payroll Savings Plan III-14
Dividend Options III-14
Dividend Sweep III-15
Dividend ACH III-15
Automatic Withdrawal Plan III-15
Letter of Intent¾Class A Shares III-16
Retirement Plans and IRAs III-16
ADDITIONAL INFORMATION ABOUT RULE 12b-1 PLANS AND NON-RULE 12b-1 SERVICES PLANS III-16
ADDITIONAL INFORMATION ABOUT INVESTMENTS, INVESTMENT TECHNIQUES AND RISKS III-17
All Funds III-18
Market Risk; Market Developments III-18
Cybersecurity Risk III-19
All Funds other than Money Market Funds III-19
Equity Securities III-19
Common Stock III-20
Preferred Stock III-20
Convertible Securities III-20
Warrants and Stock Purchase Rights III-21
IPOs III-21
 
 
Private Placements and Pre-IPO Investments III-22
Fixed-Income Securities III-22
U.S. Government Securities III-23
Corporate Debt Securities III-24
Ratings of Securities; Unrated Securities III-24
High Yield and Lower-Rated Securities III-25
Zero Coupon, Pay-In-Kind and Step-Up Securities III-26
Inflation-Indexed Securities III-27
Variable and Floating Rate Securities III-27
Loans III-28
Participation Interests and Assignments III-30
Mortgage-Related Securities III-31
Asset-Backed Securities III-35
Collateralized Debt Obligations III-36
LIBOR Rate Risk III-36
Municipal Securities III-37
Taxable Investments (municipal or other tax-exempt funds only) III-43
Funding Agreements III-43
Real Estate Investment Trusts (REITs) III-43
Money Market Instruments III-43
Bank Obligations III-44
Repurchase Agreements III-44
Commercial Paper III-44
Foreign Securities III-44
Investing in Europe III-45
Emerging Markets III-46
Certain Asian Emerging Market Countries III-47
Investing in Russia and other Eastern European Countries III-50
Depositary Receipts and New York Shares III-51
Sovereign Debt Obligations III-51
Eurodollar and Yankee Dollar Investments III-53
Investment Companies, Including Exchange-Traded Funds III-53
Exchange-Traded Funds III-53
Private Investment Funds III-54
Exchange-Traded Notes III-54
Master Limited Partnerships (MLPs) III-54
MLP Common Units III-55
MLP Subordinated Units III-55
MLP Convertible Subordinated Units III-56
MLP Preferred Units III-56
MLP General Partner Interests III-56
MLP Debt Securities III-56
Equity and Debt Securities Issued by Affiliates of MLPs III-57
MLP I-Shares III-57
PIPEs III-57
Derivatives III-57
Risks III-58
CEA Regulation III-59
Specific Types of Derivatives III-60
Foreign Currency Transactions III-67
Commodities and Commodity-Related Instruments, Including Commodity ETPs III-68
Commodity ETPs III-68
Short-Selling III-69
Lending Portfolio Securities III-69
Borrowing Money III-70
Borrowing Money for Leverage III-70
 
 
Reverse Repurchase Agreements III-70
Forward Commitments III-70
Forward Roll Transactions III-71
Illiquid Investments III-71
Illiquid Investments Generally III-71
Section 4(2) Paper and Rule 144A Securities III-71
Non-Diversified Status III-72
Investments in the Technology Sector III-72
Investments in the Real Estate Sector III-72
Investments in the Infrastructure Sector III-73
Investments in the Natural Resources Sector III-73
Investments in the Financials Sector III-74
Money Market Funds III-74
Ratings of Securities III-74
Treasury Securities III-75
U.S. Government Securities III-75
Repurchase Agreements III-75
Bank Obligations III-76
Bank Securities III-77
Floating and Variable Rate Obligations III-77
Participation Interests III-77
Asset-Backed Securities III-77
Commercial Paper III-78
Investment Companies III-78
Foreign Securities III-78
Municipal Securities III-78
Derivative Products III-78
Stand-By Commitments III-78
Taxable Investments (municipal or other tax-exempt funds only) III-78
Illiquid Investments III-79
Borrowing Money III-79
Reverse Repurchase Agreements III-79
Forward Commitments III-79
Interfund Borrowing and Lending Program III-79
Lending Portfolio Securities III-79
Money Market Fund Material Events III-79
Financial Support Provided to Money Market Funds III-79
RATING CATEGORIES III-81
S&P III-81
Issue Credit Ratings III-81
Long-Term Issue Credit Ratings III-81
Short-Term Issue Credit Ratings III-82
Municipal Short-Term Note Ratings Definitions III-83
Moody's III-83
Long-Term Obligation Ratings and Definitions III-83
Short-Term Ratings III-84
U.S. Municipal Short-Term Debt and Demand Obligation Ratings III-84
Fitch III-85
Corporate Finance Obligations — Long-Term Rating Scales III-85
Structured, Project & Public Finance Obligations — Long-Term Rating Scales III-86
Short-Term Ratings Assigned to Issuers and Obligations III-86
DBRS III-87
Long Term Obligations III-87
Commercial Paper and Short Term Debt III-87
 
 
ADDITIONAL INFORMATION ABOUT THE BOARDS III-88
Boards' Oversight Role in Management III-88
Board Composition and Leadership Structure III-89
Additional Information About the Boards and their Committees III-89
MANAGEMENT ARRANGEMENTS III-89
BNYM Investment Adviser III-89
Sub-Advisers III-90
Portfolio Managers and Portfolio Manager Compensation III-91
Certain Conflicts of Interest with Other Accounts III-97
Code of Ethics III-98
Distributor III-98
Transfer and Dividend Disbursing Agent and Custodian III-99
Annual Anti-Money Laundering Program Review III-99
Funds' Compliance Policies and Procedures III-99
Combined Prospectuses III-100
Escheatment III-100
DETERMINATION OF NAV III-100
Valuation of Portfolio Securities (funds other than Retail and Government MMFs) III-100
Valuation of Portfolio Securities (Retail and Government MMFs only) III-101
Calculation of NAV III-102
Expense Allocations III-102
NYSE and Transfer Agent Closings III-102
ADDITIONAL INFORMATION ABOUT DIVIDENDS AND DISTRIBUTIONS III-102
Funds other than Money Market Funds III-102
Money Market Funds III-103
CERTAIN MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS III-103
Taxation of the Funds III-104
RIC Qualification Requirements III-104
Investments in PFICs III-108
Taxation of U.S. Shareholders III-111
Fund Distributions III-111
NAV Method of Accounting (money market funds only) III-112
3.8% Surtax III-113
Taxation of Non-U.S. Shareholders III-113
Fund Distributions III-113
Withholding and Information Reporting on Foreign Financial Accounts III-114
PORTFOLIO TRANSACTIONS III-115
Trading the Funds' Portfolio Securities III-115
Soft Dollars III-117
IPO Allocations III-118
DISCLOSURE OF PORTFOLIO HOLDINGS III-118
Policy III-118
Procedures for Disclosing Fund Portfolio Holdings III-119
Disclosure of Portfolio Holdings III-119
Ongoing Arrangements III-119
Press Interviews, Broker Discussions, etc. III-120
Confidential Dissemination of Portfolio Holding III-120
Disclosure of Portfolio Holdings to Employees III-120
Procedures for Disclosing Fund Portfolio Characteristics III-121
Public Disclosure of the Portfolio Characteristics of a Fund III-121
Information Deemed Not to be Portfolio Holdings Information III-121
Trading Desk and Research Reports III-121
 
 
Confidentiality Agreements III-121
Additional Restrictions III-122
Waivers of Restrictions III-122
Disclosures Required by Law III-122
Reporting of Violations III-122
SUMMARY OF THE PROXY VOTING POLICY AND PROCEDURES OF THE BNY MELLON FAMILY OF FUNDS III-122
ADDITIONAL INFORMATION ABOUT THE FUNDS' STRUCTURE; FUND SHARES AND VOTING RIGHTS III-125
Massachusetts Business Trusts III-125
Fund Shares and Voting Rights III-125
GLOSSARY III-125
APPENDIX A: PROXY VOTING POLICIES AND PROCEDURES OF FIRMS DELEGATED FUND PROXY VOTING AUTHORITY    A-1

 

 
 

I.

PART I

BOARD INFORMATION

Information About Each Board Member's Experience, Qualifications, Attributes or Skills

Board members for the funds, together with information as to their positions with the funds, principal occupations and other board memberships during the past five years, are shown below. The address of each board member is 240 Greenwich Street, New York, New York 10286.

All of the board members are Independent Board Members.

Name
Year of Birth
Position1
Principal Occupation During Past 5 Years Other Public Company Board Memberships During Past 5 Years
     
Joseph S. DiMartino
1943
Chairman of the Board
Director or Trustee of funds in the BNY Mellon Family of Funds and certain other entities (as listed herein) CBIZ, Inc., a public company providing professional business services, products and solutions, Director (1997 – May 2023)
Francine J. Bovich
1951
Board Member
The Bradley Trusts, private trust funds, Trustee (2011 – Present) Annaly Capital Management, Inc., a real estate investment trust, Director (2014 – Present)
Peggy C. Davis
1943
Board Member
Shad Professor of Law, New York University School of Law (1983 – Present) N/A
Michael D. DiLecce
1962
Board Member
Retired since July 2022; advisory board member to certain funds in the BNY Mellon Family of Funds (2022 – 2023); Global Asset Management Assurance Leader, Ernst & Young LLP (2015 – 2022); Americas Regional Talent Managing Partner for Ernst & Young's Financial Service Practice (2017 – 2021); Partner, Ernst & Young LLP (1997 – 2022) N/A
I-1
 

 

Name
Year of Birth
Position1
Principal Occupation During Past 5 Years Other Public Company Board Memberships During Past 5 Years
     
Gina D. France
1958
Board Member
France Strategic Partners, a strategy and advisory firm serving corporate clients across the United States, Founder, President and Chief Executive Officer (2003 – Present)

Huntington Bancshares, a bank holding company headquartered in Columbus, Ohio, Director (2016 – Present)

Cedar Fair, L.P., a publicly-traded partnership that owns and operates amusement parks and hotels in the U.S. and Canada, Director (2011 – May 2023)

CBIZ, Inc., a public company providing professional business services, products and solutions, Director (2015 – Present)

Joan L. Gulley
1947
Board Member

Nantucket Atheneum, public library, Chair (June 2018 – June 2021) and Director (2015 – June 2021)

Orchard Island Club, golf and beach club, Governor (2016 – Present) and President (February 2023 – Present)

N/A
Nathan Leventhal
1943
Board Member

Lincoln Center for the Performing Arts, President Emeritus (2001 – Present)

Palm Beach Opera, President (2016 – Present)

Movado Group, Inc., a public company that designs, sources, markets and distributes watches, Director (2003 – 2020)
Robin A. Melvin
1963
Board Member

Westover School, a private girls' boarding school in Middlebury, Connecticut, Trustee (2019 – June 2023)

Mentor Illinois, a non-profit organization dedicated to increasing the quantity and quality of mentoring services in Illinois, Co-Chair (2014 – March 2020); Board Member (2013 – March 2020)

JDRF, a non-profit juvenile diabetes research foundation, Board Member (June 2021 – June 2022)

HPS Corporate Lending Fund, a closed-end management investment company regulated as a business development company, Trustee (August 2021 – Present)

HPS Corporate Capital Solutions Fund, a closed-end management investment company regulated as a business development company, Trustee (December 2023 – Present)

 

1 Each board member serves on the boards' Audit, Nominating, Compensation and Litigation Committees, except that Mr. DiMartino does not serve on the Compensation Committees.

 

The following table shows the year each board member joined each fund's board.

I-2

 
 

 

Fund Joseph S. DiMartino Francine J. Bovich Peggy C. Davis Michael D. DiLecce1 Gina D. France Joan L. Gulley Nathan Leventhal Robin A. Melvin
                 
BNYMAD 1995 2024 2006 2024 2019 2017 2024 2012
BNYMAF 1995 2012 1990 2024 2024 2024 1989 2012
BNYMIF 1995 2024 2006 2024 2019 2017 2024 2012
BNYMIFV 1995 2024 2012 2024 2019 2017 2024 2011
BNYMIFVI 2003 2024 2006 2024 2019 2017 2024 2012
BNYMMIF 1995 2024 2006 2024 2019 2017 2024 2012
BNYMNJMBF 1995 2024 2012 2024 2019 2017 2024 2011
BNYMNYAFMBF 1995 2012 1990 2024 2024 2024 1989 2012
BNYMOMSF 1995 2012 1990 2024 2024 2024 1989 2012
BNYMRGF 1995 2024 2006 2024 2019 2017 2024 2012
BNYMWGF 1995 2012 1990 2024 2024 2024 1989 2012
GMMF 1995 2012 1990 2024 2024 2024 1989 2012
GMMMFI 1995 2012 1990 2024 2024 2024 1989 2012
GNYMMMF 1995 2012 1990 2024 2024 2024 1989 2012

 

1 Mr. DiLecce served as an advisory board member to each of BNYMAD, BNYMIF, BNYMIFV, BNYMIFVI, BNYMMIF, BNYMNJMBF, BNYMRGF, BNYMSIF, and BNYMVIF from October 2022 until he was elected to the board of each fund, effective January 1, 2024.

 

Each board member, except Mses. Bovich, France and Gulley and Mr. DiLecce, has been a BNY Mellon Family of Funds board member for over 20 years. Ms. Bovich has been in the asset management business for 40 years, Ms. France has more than 35 years of strategy, investment banking and corporate finance experience and Ms. Gulley was in the asset management business for more than 30 years prior to her retirement in 2014. Mr. DiLecce has over 30 years' experience as an accountant with independent registered public accounting firms. Additional information about each board member follows (supplementing the information provided in the table above) that describes some of the specific experiences, qualifications, attributes or skills that each board member possesses which the boards believe has prepared them to be effective board members. The boards believe that the significance of each board member's experience, qualifications, attributes or skills is an individual matter (meaning that experience that is important for one board member may not have the same value for another) and that these factors are best evaluated at the board level, with no single board member, or particular factor, being indicative of board effectiveness. However, the boards believe that board members need to have the ability to critically review, evaluate, question and discuss information provided to them, and to interact effectively with fund management, service providers and counsel, in order to exercise effective business judgment in the performance of their duties; each board believes that its members satisfy this standard. Experience relevant to having this ability may be achieved through a board member's educational background; business, professional training or practice (e.g., medicine, accounting or law), public service or academic positions; experience from service as a board member (including the boards for the funds) or as an executive of investment funds, public companies or significant private or not-for-profit entities or other organizations; and/or other life experiences. The charter for the boards' nominating committees contains certain other factors considered by the committees in identifying and evaluating potential board member nominees. To assist them in evaluating matters under federal and state law, the board members are counseled by their independent legal counsel, who participates in board meetings and interacts with BNYM Investment Adviser, and also may benefit from information provided by BNYM Investment Adviser's counsel; counsel to the funds and to the boards have significant experience advising funds and fund board members. The boards and their committees have the ability to engage other experts as appropriate. The boards evaluate their performance on an annual basis.

Independent Board Members

· Joseph S. DiMartino – Mr. DiMartino has been the Chairman of the Board of the funds in the BNY Mellon Family of Funds for over 25 years. From 1971 through 1994, Mr. DiMartino served in various roles as an employee of Dreyfus Corp. (prior to its acquisition by a predecessor of BNY Mellon in August 1994 and related management changes), including portfolio manager, President, Chief Operating Officer and a director. He ceased being an employee or director of Dreyfus Corp. by the end of 1994. From July 1995 to November 1997, Mr. DiMartino served as Chairman of the Board of The Noel Group, a public buyout firm; in that capacity, he
I-3
 

helped manage, acquire, take public and liquidate a number of operating companies. From 1986 to 2010, Mr. DiMartino served as a Director of the Muscular Dystrophy Association.

· Francine J. Bovich – Ms. Bovich currently also serves as a Trustee for The Bradley Trusts, private trust funds, and as a Director of Annaly Capital Management, Inc. She is an Emeritus Trustee of Connecticut College, and served as a Trustee from 1986 to 1997. She currently serves as a member of the Investment Committee (formerly, the Investment Sub Committee) for Connecticut College's endowment fund and served as Chair of the Investment Sub Committee until June 2020. From April 1993 until September 2010, Ms. Bovich was a Managing Director at Morgan Stanley Investment Management, holding various positions including Co-Head of Global Tactical Asset Allocation Group, Operations Officer, and Head of the U.S. Institutional Equity Group. Prior to joining Morgan Stanley Investment Management, Ms. Bovich was Principal, Executive Vice President and Senior Portfolio Manager at Westwood Management Corporation, where she worked from 1986 until 1993. From 1980 to 1986, she worked at CitiCorp Investment Management, Inc. as Managing Director and Senior Portfolio Manager. From 1973 to 1980, Ms. Bovich was an Assistant Vice President and Equity Portfolio Manager at Bankers Trust Company. From 1991 to 2005, she served as U.S. Representative to the United Nations Investments Committee, advising a global portfolio of approximately $30 billion.
· Peggy C. Davis – Ms. Davis currently serves as the John S. R. Shad Professor of Lawyering and Ethics at New York University School of Law as a writer and teacher in the fields of evidence, constitutional theory, family law, social sciences and the law, legal process and professional methodology and training. Prior to joining the university's faculty in 1983, Ms. Davis served as a Judge of the Family Court of the State of New York. Before her appointment to the bench, she practiced law for ten years in both the commercial and public interest sectors. Ms. Davis also has served as Chair of the Board of the Russell Sage Foundation.
· Michael D. DiLecce – Mr. DiLecce retired as a Partner at the accounting firm of Ernst & Young LLP in June 2022. Mr. DiLecce has substantial accounting, investment management, and executive experience serving firms within the investment management industry. From August 1983 to June 2022, Mr. DiLecce was an auditor at Ernst & Young LLP where he served as Global Assurance Leader of Asset Management and as the audit partner for various investment company complexes. In addition, from July 2017 to June 2021, Mr. DiLecce was the Americas Regional Talent Managing Partner for Ernst & Young's Financial Service practice. He was an Assurance Partner at Ernst & Young LLP from 1997 to 2022. Mr. DiLecce currently serves as an Advisory Board Member of Welsh, Carson, Anderson & Stowe, a private equity firm focusing on investments in technology and healthcare companies.
· Gina D. France – Ms. France serves as President and Chief Executive Officer of France Strategic Partners. Before founding France Strategic Partners in 2003, Ms. France was a managing director of Ernst & Young LLP where she led a national client-facing strategy group. She has served as a strategic advisor to over 250 companies throughout the course of her career. Ms. France has more than 35 years of strategy, investment banking and corporate finance experience. Previously, Ms. France was an investment banker with Lehman Brothers in New York and San Francisco. Prior to Lehman Brothers, she served as the international cash manager of Marathon Oil Company. Ms. France has served on several corporate boards including: Huntington Bancshares (investment company oversight committee chair); Cedar Fair, L.P. (audit committee chair); CBIZ, Inc.; Baldwin Wallace University; FirstMerit Corporation (nominating and governance committee chair); Dawn Food Products, Inc.; and Mack Industries. Ms. France served as Director of Cedar Fair, L.P. from 2011 to May 2023, and served as a Trustee of Dance Cleveland, a non-profit, from 2001 to June 2023.
· Joan L. Gulley – Ms. Gulley served in various senior roles at PNC Financial Services Group, Inc. (PNC) from 1993 until her retirement in 2014, including Chief Executive Officer of PNC Advisors, the wealth management and institutional services business of PNC, from 2002 to 2005, Executive Vice President and Chief Marketing Officer of PNC from 2002 to 2007, and Executive Vice President (EVP) and Chief Human Resources Officer (CHRO) of PNC from 2008 until 2014. In her role as EVP and CHRO of PNC, Ms. Gulley was responsible for the oversight of $8 billion in combined pension and 401(k) assets. Ms. Gulley also served as a member of PNC's Executive Committee from 2008 to 2014, where she participated in all key strategic and operational decisions affecting PNC, and was responsible for all staff support to the PNC Board's Personnel and Compensation Committee with respect to executive compensation, succession planning, talent management, human resource regulatory matters and diversity. Prior to joining PNC, Ms. Gulley held positions with The Massachusetts
I-4
 

Company, a chartered bank and subsidiary of The Travelers Insurance Company, which was acquired by PNC in 1993, and with branches of the Federal Reserve Bank in Boston, Massachusetts and Washington D.C. Ms. Gulley currently serves as a Governor and President of the Orchard Island Club and from 2015 to 2021 served on the Board of Trustees of the Nantucket Atheneum.

· Nathan Leventhal – Mr. Leventhal was previously a Commissioner of the New York City Planning Commission. Previously, Mr. Leventhal served in a number of senior positions in New York City Government, including Fiscal Director of the Human Resources Administration and Chief of Staff to Mayor John V. Lindsay, Deputy Mayor to Mayor Ed Koch and Transition Chairman for both Mayors David Dinkins and Michael Bloomberg. Mr. Leventhal is a former partner in the law firm Poletti Freidin Prashker Feldman & Gartner. Mr. Leventhal is a member of the Budget and Finance Committee of the Town of Southampton in Suffolk County New York. In the not-for-profit sector, Mr. Leventhal serves as President of the Palm Beach Opera and served as President of Lincoln Center for the Performing Arts and Chairman of the Avery Fisher Artist Program; he is now President Emeritus of Lincoln Center for the Performing Arts.
· Robin A. Melvin – From 2014 to 2020, Ms. Melvin served as Co-Chair of Mentor Illinois, a non-profit organization dedicated to increasing the quantity and quality of mentoring services in Illinois, and served as a Board member from 2013 to 2020. Ms. Melvin served as Director of the Boisi Family Foundation, a private family foundation that supports organizations serving the needs of youth from disadvantaged circumstances, from 1995 to 2012. In that role she also managed the Boisi Family Office, providing the primary interface with all investment managers, legal advisors and other service providers to the family. She has also served in various roles with MENTOR, a national non-profit youth mentoring advocacy organization, including Executive Director of the New York City affiliate, Vice President of the national affiliate network, Vice President of Development, and, immediately prior to her departure, Senior Vice President in charge of strategy. Prior to that, Ms. Melvin was an investment banker with Goldman Sachs Group, Inc. Ms. Melvin served as a Board member of JDRF, a non-profit juvenile diabetes research foundation from June 2021 to June 2022. She also serves as a Trustee of HPS Corporate Lending Fund (August 2021 to present) and HPS Corporate Capital Solutions Fund (December 2023 to present), each a closed-end management investment company regulated as a business development company, and served as a Trustee of Westover School, a private girls boarding school in Middlebury, Connecticut from 2019 to June 2023.

Committee Meetings

The boards' standing Audit, Nominating, Compensation and Litigation Committees met during the funds' last fiscal years as indicated below:

Fund Audit Nominating Compensation Litigation
         
BNYMAD (8/31 fiscal year end) 4 1 0 0
BNYMAD (10/31 fiscal year end) 4 1 1 0
BNYMAF 4 0 0 0
BNYMIF 4 1 1 0
BNYMIFV (10/31 fiscal year end) 4 1 1 0
BNYMIFV (12/31 fiscal year end) __ __ __ __
BNYMIFVI 4 1 0 0
BNYMMIF 4 1 1 0
BNYMNJMBF 4 1 0 0
BNYMNYAFMBF 4 0 0 0
BNYMOMSF 4 0 0 0
BNYMRGF 4 1 0 0
BNYMWGF 4 0 0 0
GMMF 4 0 0 0
GMMMFI 4 0 0 0
GNYMMMF 4 0 0 0
I-5
 

 

Board Members' Fund Share Ownership

The table below indicates the dollar range of each board member's ownership of fund shares and shares of other funds in the BNY Mellon Family of Funds, in each case as of December 31, 2023.

Fund Joseph S. DiMartino Francine J. Bovich Peggy C. Davis Michael D. DiLecce Gina D. France Joan L. Gulley Nathan Leventhal Robin A. Melvin
                 
BNYMAF ____ ____ ____ ____ ____ ____ ____ ____
BNYMDTRF ____ ____ ____ ____ ____ ____ ____ ____
BNYMDVF ____ ____ ____ ____ ____ ____ ____ ____
BNYMGDBIF ____ ____ ____ ____ ____ ____ ____ ____
BNYMGRRF ____ ____ ____ ____ ____ ____ ____ ____
BNYMOMVF ____ ____ ____ ____ ____ ____ ____ ____
BNYMOSCF ____ ____ ____ ____ ____ ____ ____ ____
BNYMTGF ____ ____ ____ ____ ____ ____ ____ ____
BNYMISIF ____ ____ ____ ____ ____ ____ ____ ____
BNYMS&P ____ ____ ____ ____ ____ ____ ____ ____
BNYMSSIF ____ ____ ____ ____ ____ ____ ____ ____
BNYMDIF ____ ____ ____ ____ ____ ____ ____ ____
BNYMDMRESF ____ ____ ____ ____ ____ ____ ____ ____
BNYMLCEF ____ ____ ____ ____ ____ ____ ____ ____
BNYMBOF ____ ____ ____ ____ ____ ____ ____ ____
BNYMMIF ____ ____ ____ ____ ____ ____ ____ ____
BNYMNJMBF ____ ____ ____ ____ ____ ____ ____ ____
BNYMNYAFMBF ____ ____ ____ ____ ____ ____ ____ ____
BNYMOMSF ____ ____ ____ ____ ____ ____ ____ ____
BNYMRGF ____ ____ ____ ____ ____ ____ ____ ____
BNYMWGF ____ ____ ____ ____ ____ ____ ____ ____
DMMF ____ ____ ____ ____ ____ ____ ____ ____
DNMMMF ____ ____ ____ ____ ____ ____ ____ ____
DNYMMMF ____ ____ ____ ____ ____ ____ ____ ____
                 
Aggregate holdings of funds in the BNY Mellon Family of Funds

____

____

____

____

____

____

____

____

 

See "Share Ownership" below for information on the shareholdings of each fund by board members and officers as a group.

As of December 31, 2023, none of the board members or their immediate family members owned securities of BNYM Investment Adviser, any Sub-Advisers, the Distributor or any person (other than a registered investment company) directly or indirectly controlling, controlled by or under common control with BNYM Investment Adviser, any Sub-Advisers or the Distributor.

Board Members' Compensation

Annual retainer fees and meeting attendance fees are allocated among the funds on the basis of net assets, with the Chairman of the Board, Joseph S. DiMartino, receiving an additional 25% of such compensation. The funds reimburse board members for their expenses. The funds do not have a bonus, pension, profit-sharing or retirement plan. An emeritus board member is entitled to receive an annual retainer of one-half the amount paid as a retainer at

I-6
 

the time the board member became emeritus and a per meeting attended fee of one-half the amount paid to board members. The funds' emeritus program was discontinued for current board members in November 2021.

The aggregate amount of fees received from the funds by each current board member and emeritus board member for the funds' last fiscal years, and by all funds in the fund complex (which comprises registered investment companies for which BNYM Investment Adviser or an affiliate of BNYM Investment Adviser serves as investment adviser) for which such person was a board member, advisory board member or emeritus board member during 2023, were as follows:

 

  Independent Board Members
Fund Joseph S. DiMartino Francine J. Bovich Peggy C. Davis Michael D. DiLecce+
         
BNYMAD
(8/31 fiscal year end)
$40,768 N/A $32,614 $27,522
BNYMAD
(10/31 fiscal year end)
$42,623 N/A $34,098 N/A
BNYMAF $48,742 $38,994 $38,994 N/A
BNYMIF $44,820 N/A $35,856 N/A
BNYMIFV
(10/31 fiscal year end)
$9,295 N/A $7,436 N/A
BNYMIFV
(12/31 fiscal year end)
$____ ____ $____ $____
BNYMIFVI $3,248 N/A $2,598 N/A
BNYMMIF $21,233 N/A $16,986 N/A
BNYMNJMBF $3,939 N/A $3,151 $764
BNYMNYAFMBF $5,927 $4,744 $4,741 N/A
BNYMOMSF $10,788 $8,630 $8,630 N/A
BNYMRGF $16,746 N/A $13,397 $2,857
BNYMWGF $19,955 $15,973 $15,964 N/A
GMMF $61,385 $49,131 $49,108 N/A
GMMMFI $16,968 $13,581 $13,574 N/A
GNYMMMF $2,777 $2,223 $2,222 N/A
         
Total compensation from the funds and
fund complex (*)
$_____ (95) $____
(53)
$____
(34)
$____
(24)

 

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  Independent Board Members
Fund Gina D. France Joan L. Gulley Nathan Leventhal Robin A. Melvin
         
BNYMAD
(8/31 fiscal year end)
$32,614 $32,614 N/A $32,614
BNYMAD
(10/31 fiscal year end)
$32,136 $34,098 N/A $34,134
BNYMAF N/A N/A $38,994 $38,994
BNYMIF $33,846 $35,856 N/A $35,897
BNYMIFV
(10/31 fiscal year end)
$7,008 $7,436 N/A $7,444
BNYMIFV
(12/31 fiscal year end)
$____ $____ ____ $____
BNYMIFVI $2,454 $2,598 N/A $2,601
BNYMMIF $16,031 $16,986 N/A $17,006
BNYMNJMBF $2,977 $3,151 N/A $3,151
BNYMNYAFMBF N/A N/A $4,741 $4,744
BNYMOMSF N/A N/A $8,630 $8,630
BNYMRGF $12,604 $13,397 N/A $13,397
BNYMWGF N/A N/A $15,964 $15,973
GMMF N/A N/A $49,108 $49,131
GMMMFI N/A N/A $13,574 $13,581
GNYMMMF N/A N/A $2,222 $2,223
         
Total compensation from the funds and
fund complex (*)
$___
(24)
$___
(42)
$___
(32)
$___
(74)

 

I-8
 

 

 

  Emeritus Board Members
Fund Diane Dunst++ David P. Feldman+++ Ehud Houminer+++ Lynn Martin+++ Martin Peretz+++
           
BNYMAD
(8/31 fiscal year end)
N/A $17,223 $17,223 $17,223 $13,274
BNYMAD
(10/31 fiscal year end)
N/A $17,710 $16,766 $17,710 $13,880
BNYMAF $20,896 N/A N/A N/A N/A
BNYMIF N/A $18,631 $17,612 $18,631 $14,592
BNYMIFV
(10/31 fiscal year end)
N/A $3,864 $3,654 $3,864 $3,003
BNYMIFV
(12/31 fiscal year end)
____ $____ $____ $____ $____
BNYMIFVI N/A $1,351 $1,277 $1,351 $1,061
BNYMMIF N/A $8,828 $8,344 $8,828 $6,910
BNYMNJMBF N/A $1,637 $1,549 $1,637 $963
BNYMNYAFMBF $2,542 N/A N/A N/A N/A
BNYMOMSOF $4,626 N/A N/A N/A N/A
BNYMRGF N/A $6,960 $6,529 $6,960 $4,284
BNYMWGF $8,556 N/A N/A N/A N/A
GMMF $26,291 N/A N/A N/A N/A
GMMMFI $7,269 N/A N/A N/A N/A
GNYMMMF $1,190 N/A N/A N/A N/A
           
Total compensation from the funds and fund complex (*) $___
(10)
$___
(24)
$___
(42)
$___
(24)
$___
(24)

 

Amounts shown do not include expenses reimbursed to board members for attending board meetings. Amounts shown also do not include the costs of office space, office supplies and secretarial services, which are paid by the funds (allocated based on net assets), which, in 2023, for the funds ranged from $[ ] to $[ ] ($[ ] for all funds).
* Represents the number of separate portfolios comprising the investment companies in the fund complex, including the funds, for which the board member or emeritus board member served in 2023.

+ Mr. DiLecce served as an advisory board member to each of BNYMAD, BNYMIF, BNYMIFV, BNYMIFVI, BNYMMIF, BNYMNJMBF, BNYMRGF, BNYMSIF, and BNYMVIF from October 2022 until he was elected to the board of each fund, effective January 1, 2024. While serving as an advisory board member, Mr. DiLecce received compensation from the applicable funds for attending board meetings in an advisory role.

++ Emeritus board member of BNYMAF, BNYMNYAFMBF, BNYMOMSF, BNYMWGF, GMMF, GMMMF and GNYMMMF.
+++ Emeritus board member of BNYMAD, BNYMIF, BNYMIF V, BNYMIF VI, BNYMMIF, BNYMNJMBF, BNYMRGF, BNYMSIF and BNYMVIF.
I-9
 

OFFICERS

Name
Year of Birth
Position Since
Principal Occupation During Past 5 Years Number of Investment Companies (Portfolios) in the Fund Complex* for which the Officer serves as an Officer
     
David DiPetrillo
1978
President
20191

Vice President and Director of BNYM Investment Adviser since February 2021; Head of North America Distribution, BNY Mellon Investment Management since February 2023; and Head of North America Product, BNY Mellon Investment Management from January 2018 to February 2023

 

53 (102)
James Windels
1958
Treasurer
20015

Director of BNYM Investment Adviser since February 2023; Vice President of BNYM Investment Adviser since September 2020; and Director – BNY Mellon Fund Administration

 

54 (121)
Peter M. Sullivan
1968
Chief Legal Officer, Vice President and Assistant Secretary
20192

Chief Legal Officer of BNYM Investment Adviser and Associate General Counsel of BNY Mellon since July 2021; Senior Managing Counsel of BNY Mellon from December 2020 to July 2021; and Managing Counsel of BNY Mellon from March 2009 to December 2020

 

54 (121)
James Bitetto
1966
Vice President and Secretary
20053

Senior Managing Counsel of BNY Mellon since December 2019; Managing Counsel of BNY Mellon from April 2014 to December 2019; and Secretary of BNYM Investment Adviser

 

54 (121)
Deirdre Cunnane
1990
Vice President and Assistant Secretary
2019

Managing Counsel of BNY Mellon since December 2021; and Counsel of BNY Mellon from August 2018 to December 2021

 

54 (121)
Sarah S. Kelleher
1975
Vice President and Assistant Secretary
2014

Vice President of BNY Mellon ETF Investment Adviser, LLC since February 2020; Senior Managing Counsel of BNY Mellon since September 2021; and Managing Counsel of BNY Mellon from December 2017 to September 2021

 

54 (121)
I-10
 

 

Name
Year of Birth
Position Since
Principal Occupation During Past 5 Years Number of Investment Companies (Portfolios) in the Fund Complex* for which the Officer serves as an Officer
     
Jeff S. Prusnofsky
1965
Vice President and Assistant Secretary
2005

Senior Managing Counsel of BNY Mellon

 

54 (121)
Amanda Quinn
1985
Vice President and Assistant Secretary
2020

Counsel of BNY Mellon since June 2019; and Regulatory Administration Manager at BNY Mellon Investment Management Services from September 2018 to May 2019

 

54 (121)
Joanne Skerrett
1971
Vice President and Assistant Secretary
2023

Managing Counsel of BNY Mellon since June 2022; and Senior Counsel with the Mutual Fund Directors Forum, a leading funds industry organization, from 2016 to June 2022 

 

54 (121)
Natalya Zelensky
1985
Vice President and Assistant Secretary
2017

Chief Compliance Officer since August 2021 and Vice President since February 2020 of BNY Mellon ETF Investment Adviser, LLC; Chief Compliance Officer since August 2021 and Vice President and Assistant Secretary since February 2020 of BNY Mellon ETF Trust; Managing Counsel of BNY Mellon from December 2019 to August 2021; Counsel of BNY Mellon from May 2016 to December 2019; and Assistant Secretary of BNYM Investment Adviser from April 2018 to August 2021

 

54 (121)
Daniel Goldstein
1969
Vice President
2022

Head of Product Development of North America Distribution, BNY Mellon Investment Management since January 2018; Executive Vice President of North America Product, BNY Mellon Investment Management since April 2023; and Senior Vice President, Development & Oversight of North America Product, BNY Mellon Investment Management from 2010 to March 2023

 

53 (102)
I-11
 

 

Name
Year of Birth
Position Since
Principal Occupation During Past 5 Years Number of Investment Companies (Portfolios) in the Fund Complex* for which the Officer serves as an Officer
     
Joseph Martella
1976
Vice President
2022

Vice President of BNYM Investment Adviser since December 2022; Head of Product Management of North America Distribution, BNY Mellon Investment Management since January 2018; Executive Vice President of North America Product, BNY Mellon Investment Management since April 2023; and Senior Vice President of North America Product, BNY Mellon Investment Management from 2010 to March 2023

 

53 (102)

Gavin C. Reilly
1968
Assistant Treasurer
2005

 

Tax Manager – BNY Mellon Fund Administration 54 (121)

Robert Salviolo
1967
Assistant Treasurer
2007

 

Senior Accounting Manager – BNY Mellon Fund Administration 54 (121)

Robert Svagna
1967
Assistant Treasurer
20024

 

Senior Accounting Manager – BNY Mellon Fund Administration 54 (121)
Joseph W. Connolly
1957
CCO
2004

Chief Compliance Officer of the BNY Mellon Family of Funds and BNY Mellon Funds Trust since 2004; and Chief Compliance Officer of BNYM Investment Adviser from 2004 until June 2021

 

53 (105)

Caridad M. Carosella
1968
Anti-Money Laundering Compliance Officer
2016

 

Anti-Money Laundering Compliance Officer of the BNY Mellon Family of Funds and BNY Mellon Funds Trust 47 (114)

 

* "Fund Complex" comprises registered investment companies for which BNYM Investment Adviser or an affiliate of BNYM Investment Adviser serves as investment adviser.

1 President since January 2021; previously, Vice President.
2 Chief Legal Officer since July 2021.
3 Vice President and Secretary since 2018; previously, Vice President and Assistant Secretary.
4 With respect to BNYMAF, BNYMNYAFMBF and BNYMWGF only. With respect to BNYMIFVI, Mr. Svagna has held his position since 2003; for other funds, since 2005.
5 With respect to BNYMIFVI, Mr. Windels has held his position since 2003.
I-12
 

Each officer serves until his or her respective successor has been duly elected and qualified or until his or her earlier death, resignation, retirement or removal. The address of each officer is 240 Greenwich Street, New York, New York 10286.

CERTAIN PORTFOLIO MANAGER INFORMATION
(not applicable to money market funds)

 

The following table lists the number and types of accounts (including the funds) advised by each fund's primary portfolio manager(s) and assets under management in those accounts as of the end of the last fiscal year of the funds they manage. If a portfolio manager is a primary portfolio manager for multiple funds with different fiscal year ends, information is provided as of the most recent last fiscal year end of the relevant funds, except if otherwise indicated.

Primary
Portfolio Manager
Registered Investment Companies Total Assets Managed Other Pooled Investment Vehicles Total Assets Managed Other Accounts Total Assets Managed
             
John C. Bailer ___ $___ ___ $___ ___ $___
Daniel Barton 3 $746.8M None N/A None N/A
Karen Behr ___ $___ ___ $___ ___ $___
Paul Brain 1 $115M 4 $2.5B 2 $724M
E. Todd Briddell 1 $360M None N/A None N/A
Jeffrey Burger 10 $3.4B None N/A 409 $2.1B
Thomas Casey 10 $3.7B None N/A 524 $2.5B
Parmeshwar Chadha 1 $115M 5 $2.3B None N/A
Martin Chambers1 None N/A 5 $128M None N/A
Alan R. Christensen 5 $3.4B 2 $100M 69 $3.5B  
Catherine Crain 4 $3.3B 2 $100M 100 $6.8B  
Howard Cunningham 1 $115M 8 $2.8B 1 $10.4B
Dimitri Curtil 13 $4.2B 19 $7.0B 25 $3.7B
Brian C. Ferguson ___ $___ ___ $___ ___ $___
David France 123 $114.4B 114 $105.2B 66 $135.4B
Dean Frankel 5 $816M 7 $437M 44 $5.1B
Todd Frysinger 123 $114.4B 114 $105.2B 66 $135.4B
Peter D. Goslin ___ $___ ___ $___ ___ $___
Keith Howell ___ $___ ___ $___ ___ $___
Ella Hoxha2 None N/A None N/A None N/A
Patrick Kent 5 $1.6B 3 $154M 9 $803M
Gentry Lee 5 $3.4B 11 $1.3B 94 $9.7B
Andrew Leger 8 $2.9B 4 $185M 18 $1.7B
James A. Lydotes 4 $589M 2 $73M 11 $2.1B
Aron Pataki 1 $3.5B 7 $8.4B 3 $704M
Jonathan Piskorowski 4 $1.2B None N/A 7 $771M
John R. Porter III ___ $___ ___ $___ ___ $___
Daniel Rabasco 15 $7.0B None N/A 60 $2.3B
Lisa M. Sampson3 1 $303M None N/A None N/A
Christopher Sarofim 4 $3.3B 2 $100M 12 $1.5B
Charles Sheedy 4 $3.3B 11 $1.3B 41 $1.7B
Vlasta Sheremeta 123 $114.4B 114 $105.2B 66 $135.4B
James Stavena 15 $4.0B 23 $8.0B 29 $4.5B
Michael Stoll 123 $114.4B 114 $105.2B 66 $135.4B
Marlene Walker Smith 123 $114.4B 114 $105.2B 66 $135.4B
Andrew Warwick 2 $3.7B 5 $8.2B 1 $542M
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Primary
Portfolio Manager
Registered Investment Companies Total Assets Managed Other Pooled Investment Vehicles Total Assets Managed Other Accounts Total Assets Managed
Torrey Zaches 15 $4.0B 19 $7.4B 26 $4.4B
Robert C. Zeuthen 6 $4.3B None N/A 16 $2.6B

 

1 Because Mr. Chambers became a primary portfolio manager of BNYMBOF as of September 1, 2023, his information is as of June 30, 2023.
2 Because Ms. Hoxha became a primary portfolio manager of BNYMGDBIF as of December 2023, her information is as of August 31, 2023.
3 Because Ms. Sampson became a primary portfolio manager of BNYMDIF as of January 13, 2023, her information is as of December 31, 2022.

 

The following table provides information on accounts managed (included within the table above) by each primary portfolio manager that are subject to performance-based advisory fees.

Primary
Portfolio Manager
Type of Account Number of Accounts
Subject to Performance Fees
Total Assets of Accounts Subject to Performance Fees
       
John C. Bailer ___ ___ $___
Daniel Barton None N/A N/A
Karen Behr ___ ___ $___
Paul Brain None N/A N/A
E. Todd Briddell None N/A N/A
Jeffrey Burger None N/A N/A
Parmeshwar Chadha None N/A N/A
Martin Chambers None N/A N/A
Alan R. Christensen None N/A N/A
Martin Chambers None N/A N/A
Howard Cunningham None N/A N/A
Dimitri Curtil Registered Investment Company 1 $27M
  Other Pooled Investment Vehicles 2 $296M
Brian C. Ferguson ___ ___ $___
David France None N/A N/A
Dean Frankel Other Accounts 5 $509M
Todd Frysinger None N/A N/A
Peter D. Goslin ___ ___ $___
Keith Howell ___ ___ $___
Patrick Kent Other Accounts 2 $81M
Gentry Lee None N/A N/A
Andrew Leger Other Accounts 2 $81M
James A. Lydotes None N/A N/A
Aron Pataki Other Accounts 1 $103M
Jonathan Piskorowski None N/A N/A
John R. Porter III Other Accounts 1 $47M
Daniel Rabasco None N/A N/A
Lisa M. Sampson None N/A N/A
Christopher Sarofim None N/A N/A
Charles Sheedy None N/A N/A
Vlasta Sheremeta None N/A N/A
James Stavena Registered Investment Company 1 $28M
  Other Pooled Investment Vehicles 3 $392M
Michael Stoll None N/A N/A
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Primary
Portfolio Manager
Type of Account Number of Accounts
Subject to Performance Fees
Total Assets of Accounts Subject to Performance Fees
Marlene Walker Smith None N/A N/A
Andrew Warwick None N/A N/A
Torrey Zaches Registered Investment Company 1 $28M
  Other Pooled Investment Vehicles 3 $392M
Robert C. Zeuthen Other Accounts 1 $46M

 

The following table lists the dollar range of fund shares beneficially owned by the primary portfolio manager(s) as of the end of the fund's last fiscal year, except if otherwise indicated.

Primary Portfolio Manager Fund Dollar Range of Fund Shares Beneficially Owned
     
John C. Bailer BNYMDVF None
  BNYMBOF None
  BNYMLCEF ___
Daniel Barton BNYMNJMBF None
Karen Behr BNYMBOF None
  BNYMLCEF ___
  BNYMRGF None
Paul Brain BNYMGDBIF None
E. Todd Briddell BNYMDMRESF None
Jeffrey Burger BNYMNJMBF None
Thomas Casey BNYMNYAFMBF $1 - $10,000
Parmeshwar Chadha BNYMGDBIF None
Martin Chambers BNYMBOF1 None
Alan R. Christensen BNYMAF $10,001 - $50,000
  BNYMWGF $10,001 - $50,000
Catherine Crain BNYMAF $10,001 - $50,000
  BNYMWGF $100,001 - $500,000
Howard Cunningham BNYMBOF None
  BNYMGDBIF None
Dimitri Curtil BNYMDTRF None
Brian C. Ferguson BNYMDVF Over $1,000,000
  BNYMBOF None
  BNYMLCEF None
David France BNYMISIF None
  BNYMS&P None
  BNYMSSIF $1 - $10,000
  BNYMMIF None
Dean Frankel BNYMDMRESF None
Todd Frysinger BNYMISIF None
  BNYMS&P None
  BNYMSSIF $1 - $10,000
  BNYMMIF None
Peter D. Goslin BNYMLCEF ___
Keith Howell BNYMBOF None
  BNYMDVF None
  BNYMLCEF ___
Ella Hoxha BNYMGDBIF2 None
I-15
 
Primary Portfolio Manager Fund Dollar Range of Fund Shares Beneficially Owned
Patrick Kent BNYMOMVF None
  BNYMOSCF None
Andrew Leger BNYMOMVF None
  BNYMOSCF None
Gentry Lee BNYMAF $50,001 - $100,000
  BNYMWGF $100,001 - $500,000
James A. Lydotes BNYMBOF None
Aron Pataki BNYMGRRF None
Jonathan Piskorowski BNYMTGF None
John R. Porter III BNYMBOF None
  BNYMLCEF ___
  BNYMRGF None
Daniel Rabasco BNYMOMSF $10,001 - $50,000
  BNYMNYAFMBF $10,001 - $50,000
Lisa M. Sampson BNYMDIF3 None
Christopher Sarofim BNYMAF $100,001 - $500,000
  BNYMWGF $100,001 - $500,000
Charles Sheedy BNYMAF $500,001 - $1,000,000
  BNYMWGF Over $1,000,000
Vlasta Sheremeta BNYMISIF None
  BNYMS&P None
  BNYMSSIF None
  BNYMMIF None
James Stavena BNYMDTRF $50,001-$100,000
  BNYMBOF None
Michael Stoll BNYMISIF None
  BNYMS&P None
  BNYMSSIF None
  BNYMMIF None
Marlene Walker Smith BNYMISIF None
  BNYMS&P None
  BNYMSSIF $1 - $10,000
  BNYMMIF None
Andrew Warwick BNYMGRRF None
Torrey Zaches BNYMDTRF $10,001 - $50,000
  BNYMBOF None
Robert C. Zeuthen BNYMTGF None

 

1 Mr. Chambers became a primary portfolio manager of BNYMBOF as of September 1, 2023, and, as of June 30, 2023, he did not own any shares of the fund.
2 Ms. Hoxha became a primary portfolio manager of BNYMGDBIF as of December 15, 2023, and, as of August 31, 2023, she did not own any shares of the fund.
3 Ms. Sampson became a primary portfolio manager of BNYMDIF as of January 13, 2023, and, as of December 31, 2022, she did not own any shares of the fund.
I-16
 

ADVISERS' COMPENSATION; COMPLIANCE SERVICES

Advisers' Compensation

For each fund's last three fiscal years, the management fees payable by the fund, the reduction, if any, in the amount of the fee paid due to fee waivers and/or expense reimbursements by BNYM Investment Adviser and the net fees paid by the fund were as follows:

  2023 Fiscal Year 2022 Fiscal Year 2021 Fiscal Year
Fund Fee payable Reduction in fee Net fee paid Fee payable Reduction in fee Net fee paid Fee payable Reduction in fee Net fee paid
                   
BNYMDVF $15,624,262 $0 $15,624,262 $10,436,518 $0 $10,436,518 $8,745,314 $0 $8,745,314
BNYMLCEF ___ ___ ___ $5,017,218 $0 $5,017,218 $6,307,590 $0 $6,307,590
BNYMOMVF $3,012,390 $68,081 $2,944,309 $3,536,521 $92,609 $3,443,912 $3,720,065 $0 $3,720,065
BNYMOMSF $1,678,143 $0 $1,678,143 $1,556,311 $0 $1,556,311 $1,430,822 $0 $1,430,822
BNYMOSCF $2,638,113 $0 $2,638,113 $3,400,230 $0 $3,400,230 $3,576,653 $0 $3,576,653
BNYMRGF $10,941,965 $183,794 $10,758,171 $16,696,182 $0 $16,696,182 $13,970,289 $226,364 $13,743,925
BNYMTGF $1,997,208 $266,211 $1,730,997 $2,942,623 $0 $2,942,623 $3,457,350 $0 $3,457,350

 

  2022 Fiscal Year 2021 Fiscal Year 2020 Fiscal Year
Fund Fee payable Reduction in fee Net fee paid Fee payable Reduction in fee Net fee paid Fee payable Reduction in fee Net fee paid
                   
BNYMAF $7,201,462 $0 $7,201,462 $8,029,543 $0 $8,029,543 $5,939,082 $0 $5,939,082
BNYMBOF $2,447,841 $113,415 $2,334,426 $2,801,528 $15,601 $2,785,927 $2,477,278 $0 $2,477,278
BNYMDIF1 N/A N/A N/A N/A N/A N/A N/A N/A N/A
BNYMDMRESF $4,434,638 $0 $4,434,638 $4,619,354 $0 $4,619,354 $5,205,288 $0 $5,205,288
BNYMDTRF2 $2,503,369 $213,073 $2,290,296 $4,114,790 $339,882 $3,774,908 $8,077,145 $390,494 $7,686,651
BNYMGDBIF $532,389 $0 $532,389 $587,945 $0 $587,945 $519,467 $36,474 $482,993
BNYMGRRF3 $28,293,935 $0 $28,293,935 $25,406,700 $1,673,234 $23,733,466 $22,165,963 $2,522,350 $19,643,613
BNYMISIF $1,585,859 $30,167 $1,555,692 $1,951,829 $38,545 $1,913,284 $1,941,986 $51,985 $1,890,001
BNYMMIF $5,115,711 $139,700 $4,976,011 $6,011,628 $256,750 $5,754,878 $5,648,583 $276,500 $5,372,083
BNYMNJMBF $2,200,634 $294,421 $1,906,213 $2,540,919 $319,094 $2,221,825 $2,557,145 $313,412 $2,243,733
BNYMNYAFMBF $1,385,852 $232,297 $1,153,555 $1,697,678 $308,669 $1,389,009 $1,690,412 $307,347 $1,383,065
BNYMS&P $5,582,630 $165,600 $5,417,030 $6,049,538 $215,800 $5,833,738 $5,406,366 $218,930 $5,187,436
BNYMSSIF $4,131,741 $105,960 $4,025,781 $4,707,828 $188,350 $4,519,478 $3,972,593 $210,540 $3,762,053
BNYMWGF $6,888,612 $0 $6,888,612 $7,138,639 $0 $7,138,639 $5,670,744 $0 $5,670,744
DMMF $5,547,892 $0 $5,547,892 $7,575,245 $5,062,364 $2,512,881 $15,037,841 $243,192 $14,794,649
DNMMMF $1,541,941 $0 $1,541,941 $1,962,198 $1,466,327 $495,871 $3,428,796 $863,651 $2,565,145
DNYMMMF $252,197 $32,463 $219,734 $336,637 $336,637 $0 $728,046 $228,406 $499,640
1 BNYM Investment Adviser receives no compensation for its management services to the fund. However, the Underlying Funds pay management fees to BNYM Investment Adviser or its affiliates.
2 BNYM Investment Adviser also is the investment adviser for DTR Commodity Fund Ltd., a wholly-owned and controlled subsidiary of BNYMDTRF, and has engaged NIMNA to serve as the Subsidiary's sub-adviser. DTR Commodity Fund, Ltd. has agreed to pay BNYM Investment Adviser a management fee at the annual rate of 1.10% of the value of the Subsidiary's average daily net assets. BNYM Investment Adviser has contractually agreed, for so long as BNYMDTRF invests in the Subsidiary, to waive the management fee it receives from BNYMDTRF in an amount equal to the management fee paid to BNYM Investment Adviser by the Subsidiary. For fiscal years 2020, 2021 and 2022, the management fee payable by DTR Commodity Fund Ltd. amounted to $390,494, $205,776 and $265,640, respectively, all of which amounts were waived by BNYM Investment Adviser in the management fee payable by BNYMDTRF.
3 BNYM Investment Adviser also is the investment adviser for GRR Commodity Fund Ltd., a wholly-owned and controlled subsidiary of BNYMGRRF, and has engaged NIM to serve as the Subsidiary's sub-adviser. GRR
I-17
 

Commodity Fund Ltd. has agreed to pay BNYM Investment Adviser a management fee at the annual rate of .75% of the value of the Subsidiary's average daily net assets. BNYM Investment Adviser has contractually agreed, for so long as BNYMGRRF invests in the Subsidiary, to waive the management fee it receives from BNYMGRRF in an amount equal to the management fee paid to BNYM Investment Adviser by the Subsidiary. For fiscal years 2020, 2021 and 2022, the management fee payable by GRR Commodity Fund Ltd. amounted to $2,522,350, $1,673,234 and $690,692, respectively, all of which amounts were waived by BNYM Investment Adviser in the management fee payable by BNYMGRRF.

 

The contractual fee rates paid by BNYM Investment Adviser or a fund (if indicated) to the fund's Sub-Adviser, if any, and the effective rate paid in the last fiscal year, are as follows (expressed as an annual rate as a percentage of the fund's average daily net assets):

 

Fund Sub-Adviser Fee Rate Effective Fee Rate for the Last Fiscal Year
       
BNYMAF Sarofim & Co. 0.2175%* 0.2175%
BNYMDTRF NIMNA (prior to September 1, 2021, Mellon) 0.65% 0.63%
BNYMDVF NIMNA** 0.288% 0.276%
BNYMGDBIF NIM 0.19% 0.18%
BNYMGRRF NIM 0.36% 0.34%
BNYMOMVF NIMNA** 0.36% 0.34%
BNYMOSCF NIMNA** 0.36% 0.36%
BNYMTGF NIMNA** 0.36% 0.26%
BNYMDMRESF CenterSquare 0.46% 0.43%
BNYMLCEF NIMNA*** *** ***
BNYMBOF INA** 0.04% 0.04%
BNYMBOF NIMNA** 0.30% 0.30%
BNYMNJMBF INA** 0.288% 0.18%
BNYMNYAFMBF INA 0.216% 0.129%†
BNYMOMSF INA 0.168% 0.168%
BNYMRGF NIMNA** 0.36% 0.33%
BNYMWGF Sarofim & Co. 0.2175% 0.2175%
* The sub-advisory fee is payable by the fund.
** NIMNA or INA, as applicable, was appointed as Sub-Adviser effective September 1, 2021.

*** Effective, October 23, 2023, NIMMA was appointed Sub-Adviser. BNYMLCEF operates pursuant to an exemptive order that permits it to disclose, as a dollar amount and a percentage of its net assets, the aggregate fees paid to BNYM Investment Adviser and NIMNA. The aggregate annual fee payable to BNYM Investment Adviser and NIMNA is 0.70% of the value of the fund's average daily net assets. The effective aggregate fee rate for the last fiscal year was [___]%.

Effective September 1, 2022, the sub-advisory fee payable by BNYM Investment Adviser to INA was reduced from an annual rate of 0.264% of the value of the fund's average daily net assets to an annual rate of 0.216% of the value of the fund's average daily net assets.
I-18
 

For a fund's last three fiscal years (other than funds for which the Sub-Adviser's fee is disclosed on an aggregate basis above), the fees payable by BNYM Investment Adviser or a fund to the fund's Sub-Adviser, if any, the reduction, if any, in the amount of the fee paid due to fee waivers by the Sub-Adviser and the net fees paid were as follows:

  2023 Fiscal Year 2022 Fiscal Year 2021 Fiscal Year
Fund/Sub-Adviser Fee payable Reduction in fee Net fee paid Fee payable Reduction in fee Net fee paid Fee payable Reduction in fee Net fee paid
                   
BNYMDVF/
NIMNA*
$7,499,646 $308,752 $7,190,894 $4,973,198 $110,060 $4,863,138 N/A N/A N/A
BNYMOMVF/
NIMNA*
$1,445,947 $68,081 $1,377,866 $1,690,257 $71,561 $1,618,696 N/A N/A N/A
BNYMOMSF/ INA* $805,509 $0 $805,509 $495,548 $0 $495,548 N/A N/A N/A
BNYMOSCF/
NIMNA*
$1,266,294 $0 $1,266,294 $1,625,259 $0 $1,625,259 N/A N/A N/A
BNYMRGF/
NIMNA*
$5,252,143 $396,477 $4,855,666 $3,998,570 $213,155 $3,785,415 N/A N/A N/A
BNYMTGF/
NIMNA*
$958,670 $266,211 $692,449 $1,405,526 $0 $1,405,526 N/A N/A N/A

 

  2022 Fiscal Year 2021 Fiscal Year 2020 Fiscal Year
Fund/Sub-Adviser Fee payable Reduction in fee Net fee paid Fee payable Reduction in fee Net fee paid Fee payable Reduction in fee Net fee paid
                   
BNYMAF/
Sarofim & Co.
$4,710,731 $0 $4,710,731 $5,252,408 $0 $5,252,408 $3,884,963 $0 $3,884,963
BNYMBOF/
INA*
$122,392 $0 $122,392 $36,216 $0 $36,216 N/A N/A N/A
BNYMBOF/
NIMNA*
$917,940 $0 $917,940 $271,619 $0 $271,619 N/A N/A N/A
BNYMDMRESF/
CenterSquare
$2,128,626 $128,565 $2,000,061 $2,217,290 $100,620 $2,116,670 $2,498,539 $103,329 $2,395,210
BNYMDTRF/
NIMNA**
$1,479,264 $39,345 $1,439,919 $2,346,975 $0 $2,346,975 $4,492,040 $0 $4,492,040
BNYMGDBIF/
NIM
$255,547 $15,191 $240,356 $282,213 $34,751 $247,462 $249,344 $5,016 $244,328
BNYMGRRF/
NIM
$13,581,089 $687,884 $12,893,205 $12,195,216 $1,666,166 $10,529,050 $10,639,662 $2,897,292 $7,742,370
BNYMNJMBF/
INA*
$1,056,304 $402,539 $653,765 $193,467 $0 $193,467 N/A N/A N/A

BNYMWGF/

Sarofim & Co.

$1,997,698 $0 $1,997,698 $2,068,531 $0 $2,068,531 $1,644,876 $0 $1,644,876

 

* NIMNA or INA, as applicable, was appointed as Sub-Adviser effective September 1, 2021.
** Prior to September 1, 2021, Mellon was Sub-Adviser.

 

Compliance Services

The funds' compliance program is developed, implemented and maintained by the funds' CCO and the CCO staff. The funds bear the CCO's compensation (which is approved by the boards), as well as the compensation of the CCO staff and the expenses of the CCO and the CCO staff (including administrative expenses). The CCO and the CCO staff work exclusively on the compliance program and related matters for the funds and other funds in the BNY Mellon Family of Funds and BNY Mellon Funds Trust, and compensation and expenses of the CCO and the CCO staff generally are allocated among such funds based on an equal amount per fund with incremental amounts allocated to funds with more service providers (including Sub-Advisers). Such compensation and expenses for the funds' last fiscal years were as follows:

I-19
 

 

 

Fund CCO and Staff Compensation and Expenses*
   
BNYMAF $17,082
BNYMDTRF $17,405
BNYMDVF $21,224
BNYMGDBIF $17,405
BNYMGRRF $17,405
BNYMOMVF $19,460
BNYMOSCF $19,926
BNYMTGF $19,567
BNYMISIF $17,405
BNYMS&P $17,405
BNYMSSIF $17,405
BNYMDIF $13,924
BNYMDMRESF $17,405
BNYMLCEF $______
BNYMBOF $20,433
BNYMMIF $17,405
BNYMNJMBF $17,082
BNYMNYAFMBF $17,027
BNYMOMSF $15,519
BNYMRGF $16,341
BNYMWGF $17,405
DMMF $17,027
DNMMMF $17,027
DNYMMMF $17,027
   

 

* For unitary fee funds, such compensation and expenses are borne by BNYM Investment Adviser.

SECURITIES LENDING ACTIVITIES
(non-money market funds only)

The dollar amounts of income and fees and compensation paid to all service providers (including fees, if any, paid to BNYM Investment Adviser for cash collateral management and fees paid to BNY Mellon as securities lending agent), related to certain funds' securities lending activities during the most recent fiscal year were as follows:

Fund BNYMAF BNYMDVF BNYMGDBIF BNYMGRRF
Gross income from securities lending activities (including income from cash collateral reinvestment) $249,615 $23,069 $60,193 $348,248
Fees and/or compensation for securities lending activities and related services        
Fees paid to securities lending agent from a revenue split $15,718 $1,744 $7,222 $31,533
Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not included in the revenue split $0 $0 $0 $0
I-20
 

 

Fund BNYMAF BNYMDVF BNYMGDBIF BNYMGRRF
Administrative fees not included in revenue split $0 $0 $0 $0
Indemnification fees not included in revenue split $0 $0 $0 $0
Rebate (paid to borrower) $118,620 $8,529 $0 $85,461
Other fees not included in revenue split $0 $0 $0 $0
Aggregate fees/compensation for securities lending activities $134,339 $10,273 $7,222 $116,994
Net income from securities lending activities $115,276 $12,796 $52,971 $231,254

 

Fund BNYMOMVF BNYMOSCF BNYMTGF BNYMISIF
Gross income from securities lending activities (including income from cash collateral reinvestment) $42,523 $90,904 $18,352 $21,928

Fees and/or compensation for securities lending activities and related services        
Fees paid to securities lending agent from a revenue split $3,603 $8,248 $2,202 $1,528
Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not included in the revenue split $0 $0 $0 $0
Administrative fees not included in revenue split $0 $0 $0 $0
Indemnification fees not included in revenue split $0 $0 $0 $0
Rebate (paid to borrower) $12,488 $22,139 $0 $9,181
Other fees not included in revenue split $0 $0 $0 $0
Aggregate fees/compensation for securities lending activities $16,091 $30,387 $2,202 $10,709
Net income from securities lending activities $26,432 $60,517 $16,150 $11,219

 

I-21
 

 

 

Fund BNYMS&P BNYMSSIF BNYMDMRESF BNYMLCEF
Gross income from securities lending activities (including income from cash collateral reinvestment) $45,200 $260,635 $48,598 $____
Fees and/or compensation for securities lending activities and related services        
Fees paid to securities lending agent from a revenue split $5,417 $24,805 $4,169 $____
Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not included in the revenue split $0 $0 $0 $____
Administrative fees not included in revenue split $0 $0 $0 $____
Indemnification fees not included in revenue split $0 $0 $0 $____
Rebate (paid to borrower) $52 $53,811 $13,848 $____
Other fees not included in revenue split $0 $0 $0 $____
Aggregate fees/compensation for securities lending activities $5,469 $78,616 $18,017 $____
Net income from securities lending activities $39,731 $182,019 $30,581 $____

I-22
 

 

 

Fund BNYMBOF BNYMMIF BNYMRGF BNYMWGF
Gross income from securities lending activities (including income from cash collateral reinvestment) $63,659 $709,404 $389,213 $78,921
Fees and/or compensation for securities lending activities and related services        
Fees paid to securities lending agent from a revenue split $1,904 $85,122 $7,016 $9,469
Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not included in the revenue split $0 $0 $0 $0
Administrative fees not included in revenue split $0 $0 $0 $0
Indemnification fees not included in revenue split $0 $0 $0 $0
Rebate (paid to borrower) $47,770 $0 $330,735 $0
Other fees not included in revenue split $0 $0 $0 $0
Aggregate fees/compensation for securities lending activities $49,673 $85,122 $337,751 $9,469
Net income from securities lending activities $13,986 $624,282 $51,462 $69,452

 

The services provided by BNY Mellon as securities lending agent are as follows: selection of securities to be loaned; utilization of borrowers previously approved by the funds' board; negotiation of loan terms; monitoring daily the value of the loaned securities and collateral; requiring additional collateral as necessary; investing cash collateral in accordance with the funds' instructions; marking to market non-cash collateral; maintaining custody of non-cash collateral; recordkeeping and account servicing; reporting dividend activity and material proxy votes relating to loaned securities; transferring loaned securities; recalling loaned securities in accordance with the funds' instructions, including for proxies that the funds seek to vote; and arranging for return of loaned securities to the fund at loan termination.

BNYMDIF, BNYMDTRF, BNYMNJMBF, BNYMOMSF and BNYMNYAFMBF did not engage in any securities lending activity during the most recent fiscal year.

I-23
 

SALES LOADS, CDSCS AND DISTRIBUTOR'S COMPENSATION

The following table lists, for each of the last three fiscal years, the total commissions on sales of all classes of shares (sales loads) (as applicable) and the total CDSCs on redemptions of all classes of shares (as applicable), along with corresponding amounts of each retained by the Distributor.

Fund   2023 Fiscal Year 2022 Fiscal Year 2021 Fiscal Year
         
BNYMDVF Total commissions $761,028 $407,539 $97,787
  Commission amount retained $84,385 $43,931 $12,321
  Total CDSCs $20,396 $3,881 $67
  CDSC amount retained $20,396 $3,881 $67
         
BNYMLCEF Total commissions ______ $2,721 $17,621
  Commission amount retained ______ $849 $1,905
  Total CDSCs ______ $789 $4
  CDSC amount retained ______ $789 $4
         
BNYMOMVF Total commissions $16,272 $13,548 $42,154
  Commission amount retained $2,374 $1,625 $4,682
  Total CDSCs $5 $1,068 $861
  CDSC amount retained $5 $1,068 $861
         
BNYMOMSF Total commissions $270,131 $167,811 $404,755
  Commission amount retained $1,962 $942 $1,512
  Total CDSCs $9,694 $6,063 $967
  CDSC amount retained $9,964 $6,063 $967
         
BNYMRGF Total commissions $47,398 $78,861 $140,940
  Commission amount retained $4,057 $10,688 $13,388
  Total CDSCs $1,102 $502 $378
  CDSC amount retained $1,102 $502 $378
         
BNYMTGF Total commissions $23,816 $56,461 $193,438
  Commission amount retained $3,005 $7,411 $22,720
  Total CDSCs $850 $819 $1,119
  CDSC amount retained $850 $819 $1,119

 

I-24
 

 

 

Fund   2022 Fiscal Year 2021 Fiscal Year 2020 Fiscal Year
         
BNYMDTRF Total commissions $12,990 $14,129 $16,618
  Commission amount retained $2,076 $1,267 $1,711
  Total CDSCs $290 $501 $111
  CDSC amount retained $290 $501 $111
         
BNYMGDBIF Total commissions $1,424 $461 $3,572
  Commission amount retained $0 $1 $250
  Total CDSCs $0 $0 $0
  CDSC amount retained $0 $0 $0
         
BNYMGRRF Total commissions $195,320 $308,177 $164,043
  Commission amount retained $7,771 $1,920 $14,517
  Total CDSCs $6,046 $1,890 $29,176
  CDSC amount retained $6,046 $1,890 $29,176
         
         
BNYMDIF Total commissions $499 $300 $1,686
  Commission amount retained $65 $23 $211
  Total CDSCs $0 $0 $0
  CDSC amount retained $0 $0 $0
         
BNYMDMRESF Total commissions $987 $6,071 $7,085
  Commission amount retained $1 $774 $980
  Total CDSCs $193 $43 $1,979
  CDSC amount retained $193 $43 $1,979
         
BNYMBOF Total commissions $29,002 $117,826 $78,295
  Commission amount retained $3,370 $11,273 $9,053
  Total CDSCs $16,392 $498 $9,800
  CDSC amount retained $16,392 $498 $9,800
         
BNYMNJMBF Total commissions $8,228 $9,737 $10,517
  Commission amount retained $594 $581 $896
  Total CDSCs $0 $0 $95
  CDSC amount retained $0 $0 $95
         
BNYMNYAFMBF Total commissions $59,029 $93,153 $29,250
  Commission amount retained $900 $1,910 $2,525
  Total CDSCs $0 $99 $341
  CDSC amount retained $0 $99 $341
         
BNYMWGF Total commissions $153,642 $195,644 $115,909
  Commission amount retained $14,324 $11,026 $16,139
  Total CDSCs $3,088 $947 $5,111
  CDSC amount retained $3,088 $947 $5,111
         
I-25
 

 

The amounts paid by each fund to the Distributor under the fund's Plan or Plans, as applicable, for services described in Part II of this SAI under "Distribution Plans and Shareholder Services Plans" and "Administrative Services Plans" for the fund's last fiscal year were as follows:

Fund Plan Class Distributor Payments Printing and Implementation and Operation
of Plan
Amount Reimbursed to Fund Pursuant to Undertaking in Effect Total Amount
             
BNYMAF Shareholder Services Plan Investor $4,112,236 N/A N/A $4,112,236
             
BNYMDTRF Distribution Plan Class C $85,615 N/A N/A $85,615
  Shareholder Services Plan Class A $86,192 N/A N/A $86,192
    Class C $28,538 N/A N/A $28,538
             
BNYMDVF Distribution Plan Class C $184,668 N/A N/A $184,668
  Shareholder Services Plan Class A $2,442,860 N/A N/A $2,442,860
    Class C $61,556 N/A N/A $61,556
             
BNYMGDBIF Distribution Plan Class C $1,162 N/A N/A $1,162
  Shareholder Services Plan Class A $10,113 N/A N/A $10,113
    Class C $387 N/A N/A $387
             
BNYMGRRF Distribution Plan Class C $268,425 N/A N/A $268,425
  Shareholder Services Plan Class A $185,585 N/A N/A $185,585
    Class C $89,475 N/A N/A $89,475
             
BNYMOMVF Distribution Plan Class C $46,641 N/A N/A $46,641
  Shareholder Services Plan Class A $707,455 N/A N/A $707,455
    Class C $15,547 N/A N/A $15,547

 

I-26
 

 

 

Fund Plan Class Distributor Payments Printing and Implementation and Operation
of Plan
Amount Reimbursed to Fund Pursuant to Undertaking in Effect Total Amount
             
BNYMOMSF Distribution Plan Class C $33,695 N/A N/A $33,695
  Shareholder Services Plan Class A $394,367 N/A N/A $394,367
    Class C $11,232 N/A N/A $11,232
    Class Z $2,701,218 N/A N/A $2,701,218
             
BNYMOSCF Shareholder Services Plan Investor $579,091 N/A N/A $579,091
             
BNYMTGF Distribution Plan Class C $18,730 N/A N/A $18,730
  Shareholder Services Plan Class A $615,649 N/A N/A $615,649
    Class C $6,243 N/A N/A $6,243
             
BNYMISIF Shareholder Services Plan Investor $664,584 N/A N/A $664,584
             
BNYMS&P Shareholder Services Plan N/A $5,582,630 N/A N/A $5,582,630
             
BNYMSSIF Shareholder Services Plan Investor $3,279,632 N/A N/A $3,279,632
             
BNYMDIF Distribution Plan Class C $582 N/A N/A $582
  Shareholder Services Plan Class A $47,120 N/A N/A $47,120
    Class C $194 N/A N/A $194
             
BNYMDMRESF Distribution Plan Class C $4,270 N/A N/A $4,270
  Shareholder Services Plan Class A $54,310 N/A N/A $54,310
    Class C $1,423 N/A N/A $1,423
             
BNYMLCEF Distribution Plan Class C $____ ____ ____ $____
  Shareholder Services Plan Class A $____ ____ ____ $____
I-27
 
Fund Plan Class Distributor Payments Printing and Implementation and Operation
of Plan
Amount Reimbursed to Fund Pursuant to Undertaking in Effect Total Amount
    Class C $____ ____ ____ $____
             
BNYMBOF Distribution Plan Class C $78,348 N/A N/A $78,348
  Shareholder Services Plan Class A $585,042 N/A N/A $585,042
    Class C $26,116 N/A N/A $26,116
    Class Z $25,443 N/A N/A $25,443
             
BNYMMIF Shareholder Services Plan Investor $3,860,936 N/A N/A $3,860,936
             
BNYMNJMBF Distribution Plan Class C $5,353 N/A N/A $5,353
  Shareholder Services Plan Class A $678,704 N/A N/A $678,704
    Class C $1,784 N/A N/A $1,784
    Class Z $47,284 N/A N/A $47,284
             
BNYMNYAFMBF Distribution Plan Class C $39,934 N/A N/A $39,934
  Shareholder
Services
Plan
Class A $512,075 N/A N/A $512,075
    Class C $13,311 N/A N/A $13,311
    Class Z* N/A N/A N/A N/A
             
BNYMRGF Distribution Plan Class C $45,430 N/A N/A $45,430
  Shareholder Services Plan Class A $1,468,266 N/A N/A $1,468,266
    Class C $15,143 N/A N/A $15,143
    Class Z $344,720 N/A N/A $344,720
             
BNYMWGF Distribution Plan Class C $104,235 N/A N/A $104,235
  Shareholder Services Plan Class A $1,553,035 N/A N/A $1,553,035
    Class C $34,745 N/A N/A $34,745
             
I-28
 
Fund Plan Class Distributor Payments Printing and Implementation and Operation
of Plan
Amount Reimbursed to Fund Pursuant to Undertaking in Effect Total Amount
DMMF Shareholder Services Plan-Compensation Wealth $1,359,710 N/A N/A $1,359,710
  Shareholder Services Plan-Compensation Service $5,057,221 N/A N/A $6,108,346
  Shareholder Services Plan-Reimbursement Premier $21,593 N/A N/A $21,593
  Administrative Services Plan Service $11,125,887 N/A N/A $11,125,887
             
DNMMMF Shareholder Services Plan-Compensation Wealth $1,149,148 N/A N/A $1,149,148
  Shareholder Services Plan-Compensation Service $759,392 N/A N/A $759,392
  Shareholder Services Plan-Reimbursement Premier $4,203 N/A N/A $4,203
  Administrative Services Plan Service $1,670,663 N/A N/A $1,670,663
             
DNYMMMF Shareholder Services Plan-Compensation Wealth $225,188 N/A N/A $225,188
  Shareholder Services Plan-Compensation Service $62,289 N/A N/A $62,289
  Shareholder Services Plan-Reimbursement Premier $2,819 N/A N/A $2,819
  Administrative Services Plan Service $137,035 N/A N/A $137,035
             

· Class Z shares were not offered during the fund's last fiscal year.
I-29
 

OFFERING PRICE
(Class A shares only)

Set forth below is an example of the method of computing the offering price of each fund's Class A shares, if applicable. The example assumes a purchase of Class A shares aggregating less than $50,000, subject to the schedule of sales charges set forth in the fund's prospectus, at a price based upon the NAV of a Class A share at the close of business on the last business day of the fund's last fiscal year. Certain purchases are not subject to a sales charge or are subject to a different sales charge than the one shown below. See the prospectus and "How to Buy Shares" in Part II of this SAI.

Fund Class NAV Per Share Sales Charge as a Percentage of Offering Price and NAV Per Share* Per Share Sales Charge Per Share Offering Price to Public
           
BNYMDTRF Class A $13.53 5.75% of offering price
(6.10% of NAV per share)
$0.83 $14.36
BNYMDVF Class A $41.26 5.75% of offering price
(6.10% of NAV per share)
$2.52 $43.78
BNYMGDBIF Class A $10.51 4.50% of offering price
(4.71% of NAV per share)
$0.50 $11.01
BNYMGRRF Class A $15.60 5.75% of offering price
(6.10% of NAV per share)
$0.95 $16.55
BNYMOMVF Class A $29.67 5.75% of offering price
(6.10% of NAV per share)
$1.81 $31.48
BNYMTGF Class A $45.58 5.75% of offering price
(6.10% of NAV per share)
$2.78 $48.36
BNYMDIF Class A $10.91 5.75% of offering price
(6.10% of NAV per share)
$0.67 $11.58
BNYMDMRESF Class A $7.58 5.75% of offering price
(6.10% of NAV per share)
$0.46 $8.04
BNYMLCEF Class A $___ 5.75% of offering price
(6.10% of NAV per share)
$___ $____
BNYMBOF Class A $21.55 5.75% of offering price
(6.10% of NAV per share)
$1.31 $22.86
BNYMNJMBF Class A $11.52 4.50% of offering price
(4.71% of NAV per share)
$0.54 $12.06
BNYMNYAFMBF Class A $13.29

4.50% of offering price

(4.71% of NAV per share)

$0.63 $13.92
BNYMOMSF Class A $11.99

4.50% of offering price

(4.71% of NAV per share)

$0.56 $12.55
I-30
 
Fund Class NAV Per Share Sales Charge as a Percentage of Offering Price and NAV Per Share* Per Share Sales Charge Per Share Offering Price to Public
BNYMRGF Class A $13.26 5.75% of offering price
(6.10% of NAV per share)
$0.81 $14.07
BNYMWGF Class A $58.17

5.75% of offering price

(6.10% of NAV per share)

$3.55 $61.72
           

* Due to rounding, the actual sales load you may pay may be more or less than that calculated using these percentages.

 

SECURITIES OF REGULAR BROKERS OR DEALERS

A fund may acquire securities issued by one or more of its "regular brokers or dealers," as defined in Rule 10b-1 under the 1940 Act. Rule 10b-1 provides that a "regular broker or dealer" is one of the ten brokers or dealers that, during the fund's last fiscal year: (1) received the greatest dollar amount of brokerage commissions from participating, either directly or indirectly, in the fund's portfolio transactions, (2) engaged as principal in the largest dollar amount of the fund's portfolio transactions or (3) sold the largest dollar amount of the fund's securities. The following is a list of the issuers of the securities, and the aggregate value per issuer, of a fund's regular brokers or dealers held by such fund as of the end of its last fiscal year*:

Fund Regular Broker or Dealer Aggregate Value Per Issuer Held by Fund
     
BNYMAF J.P. Morgan Securities LLC $33,087,164
     
BNYMDTRF N/A  
     
BNYMDVF J.P. Morgan Securities LLC $121,688,760
  Morgan Stanley & Co. LLC $30,248,005
     
BNYMGDBIF J.P. Morgan Securities LLC $1,074,806
  BNP Paribas Securities Corp. $921,276
  Citigroup Global Markets Inc. $813,361
     
BNYMGRRF Barclays Capital Inc. $150,926,464
  Merrill Lynch, Pierce, Fenner & Smith Incorporated $147,443,046
  Goldman Sachs & Co. LLC $16,975,386
     
BNYMOMVF N/A  
     
BNYMOMSF N/A  
     
BNYMOSCF N/A  
     
BNYMTGF N/A  
     
BNYMISIF UBS Securities LLC $1,487,830
  SG Americas Securities, LLC $487,869
I-31
 
Fund Regular Broker or Dealer Aggregate Value Per Issuer Held by Fund
  Credit Suisse Securities (USA) LLC $291,018
     
BNYMS&P J.P. Morgan Securities LLC $21,693,026
  Goldman Sachs & Co. LLC $6,910,871
  Morgan Stanley & Co. LLC $6,466,204
  Citigroup Global Markets Inc. $5,214,511
     
BNYMSSIF Hilltop Securities Inc. $2,068,043
     
BNYMDIF N/A  
     
BNYMDMRESF N/A  
     
BNYMLCEF ___ $____
  ___ $____
     
BNYMBOF J.P. Morgan Securities LLC $3,287,604
  Merrill Lynch, Pierce, Fenner & Smith Incorporated $1,969,379
  Morgan Stanley & Co. LLC $666,805
     
BNYMMIF N/A  
     
BNYMNJMBF N/A  
     
BNYMNYAFMBF N/A  
     
BNYMRGF N/A  
     
BNYMWGF J.P. Morgan Securities LLC $15,947,737
     
DMMF ANZ Securities, Inc. $120,000,000
  ING Financial Markets LLC $120,000,000
  BNP Paribas Securities Corp. $117,000,000
  Cowen and Company $115,000,000
  Citigroup Global Markets Inc. $110,000,000