BNY MELLON INVESTMENT ADVISER, INC. 240 Greenwich Street New York, New York 10286
BNY MELLON INVESTMENT ADVISER, INC.
000 Xxxxxxxxx Xxxxxx
New York, New York 10286
May 16, 2024
Dreyfus Government Cash Management Funds
- Dreyfus Government Cash Management
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Fee Waiver and Expense Limitation
To Whom It May Concern:
Effective May 31, 2024, BNY Mellon Investment Adviser, Inc. ("BNYM Investment Adviser"), intending to be legally bound, hereby confirms its agreement in respect of Dreyfus Government Cash Management (the "Fund"), a series of Dreyfus Government Cash Management Funds (the "Trust"), as follows:
Until May 31, 2025, BNYM Investment Adviser, has contractually agreed, to waive receipt of a portion of its management fee in the amount of .03% of the value of the Fund's average daily net assets. In addition, BNYM Investment Adviser has contractually agreed, until May 31, 2025, to waive receipt of its fees and/or assume the direct expenses of the Fund's BOLD® shares so that the direct expenses of BOLD® shares (excluding taxes, brokerage commissions and extraordinary expenses) do not exceed .18%. On or after May 31, 2025, BNYM Investment Adviser may terminate the fee waiver agreement and/or expense limitation agreement at any time.
Until May 31, 2025, BNYM Investment Adviser, has contractually agreed, to waive receipt of a portion of its management fee in the amount of .03% of the value of the Fund's average daily net assets. In addition, BNYM Investment Adviser has contractually agreed, until May 31, 2025, to waive receipt of its fees and/or assume the direct expenses of the Fund's BOLD® Future shares so that the direct expenses of BOLD® Future shares (excluding taxes, brokerage commissions and extraordinary expenses) do not exceed .47%. On or after May 31, 2025, BNYM Investment Adviser may terminate the fee waiver agreement and/or expense limitation agreement at any time.
Until May 31, 2025, BNYM Investment Adviser has contractually agreed, to waive receipt of its fees and/or assume the direct expenses of the Fund so that the direct expenses of the Fund's Services shares (excluding taxes, brokerage commissions and extraordinary expenses) do not exceed 1.01%. On or after May 31, 2025, BNYM Investment Adviser may terminate this expense limitation agreement at any time.
Until May 31, 2025, BNYM Investment Adviser, has contractually agreed, to waive receipt of a portion of its management fee in the amount of .03% of the value of the Fund's average daily net assets. In addition, BNYM Investment Adviser has contractually agreed, until May 31, 2025, to waive receipt of its fees and/or assume the direct expenses of the Fund's SPARKSM shares so that the direct expenses of XXXXXXX shares (excluding taxes, brokerage commissions and extraordinary expenses) do not exceed .18%. On or after May 31, 2025, BNYM Investment Adviser may terminate the fee waiver agreement and/or expense limitation agreement at any time.
Until May 31, 2025, BNYM Investment Adviser has contractually agreed, to waive receipt of its fees and/or assume the direct expenses of the Fund so that the direct expenses of the Fund's Wealth shares (excluding taxes, brokerage commissions and extraordinary expenses) do not exceed .62%. On or after May 31, 2025, BNYM Investment Adviser may terminate this expense limitation agreement at any time.
This Agreement may only be amended by agreement of the Trust, on behalf of the Fund, upon the approval of the Board of Trustees of the Trust and BNYM Investment Adviser, to lower the net amounts shown and may only be terminated prior to May 31, 2025, in the event of termination of the Management Agreement between BNYM Investment Adviser and the Trust.
BNY MELLON INVESTMENT ADVISER, INC.
By: /s/ Xxxxx Xxxxxxx
Xxxxx Xxxxxxx
Treasurer
Accepted and Agreed To:
DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS
By: /s/ Xxxxxxx Xxxxxxx
Xxxxxxx Xxxxxxx
Assistant Secretary
