AGREEMENT REGARDING BNY MELLON FUNDS JOINT INSURED BOND
AGREEMENT REGARDING
BNY MELLON FUNDS JOINT INSURED BOND
AGREEMENT among BNY Mellon Large Cap Securities Fund, Inc. (formerly, The Dreyfus Fund Incorporated) and certain other investment companies as to which BNY Mellon Investment Adviser, Inc. (formerly, The Dreyfus Corporation) or any affiliate (“BNYM Investment Adviser”) now acts as Investment Adviser, Sub-Investment Adviser and/or Administrator (individually, a “Fund” and, collectively, the “Funds”) and which are registered under the Investment Company Act of 1940, as amended (the “Act”).
WITNESSETH:
WHEREAS, the Funds are covered as joint insureds under a Fidelity Bond or Bonds (the “Bond”) which complies with Rule 17g-1 promulgated by the Securities and Exchange Commission under the Act (“Rule 17g-1”); and
WHEREAS, the Funds have entered into this Agreement to meet the requirements of paragraph (f) of Rule 17g-1;
NOW THEREFORE IT IS HEREBY AGREED:
1. In the event that recovery is received under the Bond as a result of a loss sustained by two or more of the Funds, each Fund shall receive an equitable and proportionate share of said recovery, but said recovery shall at least equal the amount that each such Fund would have received had the Fund provided and maintained a single insured bond with the minimum coverage required by paragraph (d)(1) of Rule 17g-1.
2. The Funds acknowledge and agree that, upon approval by the Funds’ respective Boards of Directors/Trustees, the amount of the Bond or the carriers issuing the Bond
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may be changed from time to time, and that any such change shall not affect the rights and obligations of the Funds under this Agreement.
3. Each Fund shall be responsible for paying its pro-rata share, based on the ratio of its assets to the assets of all of the Funds, of the premium payable in respect of the Bond. The Funds acknowledge and agree that any new Fund added to the Bond or as a party to this Agreement will not be responsible for the foregoing amount incurred prior to the first Bond renewal following the addition of such Fund.
4. The Funds agree that any registered investment company for which BNYM Investment Adviser in the future becomes the Investment Adviser, Sub-Investment Adviser and/or Administrator added as a joint insured under the Bond may become a party to this Agreement upon the execution of a copy of this Agreement by its duly authorized officer and shall thereafter be deemed a “Fund” hereunder.
5. This Agreement shall cease to apply to any Fund in respect of any loss that occurs after such Fund (i) ceases to be an investment company by order of the Securities and Exchange Commission pursuant to Section 8(f) of the Act, or (ii) ceases to be advised, sub-advised and/or administered by BNYM Investment Adviser, and such Fund shall, at and after such time, cease to be a party to this Agreement for all purposes.
6. This Agreement shall be binding upon and shall inure to the benefit of any successor company of any of the undersigned, or any company into which any of the undersigned may be merged or with which it may be consolidated.
7. As to each Fund that is organized as a trust, this Agreement has been executed on behalf of the Fund by the undersigned officer of the Fund in her capacity as an officer of the Fund; the obligations of this Agreement shall only be binding upon the assets and property of the Fund and shall not be binding upon any Board member, officer or shareholder of the Fund individually.
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IN WITNESS WHEREOF, the Funds listed on Schedule A have caused this
Agreement to be executed by their respective officers, thereunto duly authorized as of the day and
year written below.
/s/ Xxxxxxx Xxxxxxxx Dated as of January 31, 2022
Xxxxxxx Xxxxxxxx
Vice President and Assistant Secretary
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SCHEDULE A
BNY Mellon Absolute Insight Funds, Inc.
BNY Mellon Core Plus Fund
BNY Mellon Advantage Funds, Inc.
BNY Mellon Dynamic Total Return Fund
BNY Mellon Dynamic Value Fund
BNY Mellon Global Dynamic Bond Income Fund
BNY Mellon Global Real Return Fund
BNY Mellon Opportunistic Midcap Value Fund
BNY Mellon Opportunistic Small Cap Fund
BNY Mellon Sustainable Balanced Fund
BNY Mellon Technology Growth Fund
BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.
BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc.
BNY Mellon Alcentra Opportunistic Global Credit Income Fund
BNY Mellon Appreciation Fund, Inc.
XXX Xxxxxx Xxxxxxxxxx AMT-Free Municipal Bond Fund, Inc.
XXX Xxxxxx Xxxxx Xxxxx
XXX Xxxxxx Asset Allocation Fund
BNY Mellon Bond Fund
BNY Mellon Corporate Bond Fund
BNY Mellon Emerging Markets Fund
BNY Mellon Focused Equity Opportunities Fund
BNY Mellon Government Money Market Fund
BNY Mellon Income Stock Fund
BNY Mellon Intermediate Bond Fund
BNY Mellon International Equity Income Fund
BNY Mellon International Fund
BNY Mellon Massachusetts Intermediate Municipal Bond Fund
BNY Mellon Mid Cap Multi-Strategy Fund
BNY Mellon Municipal Opportunities Fund
BNY Mellon National Intermediate Municipal Bond Fund
BNY Mellon National Municipal Money Market Fund
BNY Mellon National Short-Term Municipal Bond Fund
BNY Mellon New York Intermediate Tax Exempt Bond Fund
BNY Mellon Pennsylvania Intermediate Municipal Bond Fund
BNY Mellon Short-Term U.S. Government Securities Fund
BNY Mellon Small Cap Multi-Strategy Fund
BNY Mellon Tax-Sensitive Large Cap Multi-Strategy Fund
BNY Mellon High Yield Strategies Fund
BNY Mellon Index Funds, Inc.
BNY Mellon International Stock Index Fund
BNY Mellon S&P 500 Index Fund
BNY Mellon Smallcap Stock Index Fund
BNY Mellon Intermediate Municipal Bond Fund, Inc.
BNY Mellon International Securities Funds, Inc.
BNY Mellon Emerging Markets Securities Fund
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XXX Xxxxxx Xxxxxxxxxx Xxxxx X
XXX Xxxxxx Diversified Emerging Markets Fund
BNY Mellon Global Fixed Income Fund
BNY Mellon International Equity Fund
BNY Mellon Small Cap Growth Fund
BNY Mellon Small Cap Value Fund
BNY Mellon Small/Mid Cap Growth Fund
BNY Mellon Tax Sensitive Total Return Bond Fund
BNY Mellon Investment Funds II, Inc.
BNY Mellon Alternative Diversifier Strategies Fund
BNY Mellon Global Emerging Markets Fund
BNY Mellon Yield Enhancement Strategy Fund
BNY Mellon Investment Funds III
BNY Mellon Equity Income Fund
BNY Mellon Global Equity Income Fund
BNY Mellon High Yield Fund
BNY Mellon International Bond Fund
BNY Mellon Investment Funds IV, Inc.
BNY Mellon Bond Market Index Fund
BNY Mellon Floating Rate Income Fund
BNY Mellon Institutional S&P 500 Stock Index Fund
BNY Mellon Tax Managed Growth Fund
BNY Mellon Investment Funds V, Inc.
BNY Mellon Diversified International Fund
BNY Mellon Global Real Estate Securities Fund
BNY Mellon Large Cap Equity Fund
BNY Mellon Investment Funds VI
BNY Mellon Balanced Opportunity Fund
BNY Mellon Investment Grade Funds, Inc.
BNY Mellon Short-Term Income Fund
BNY Mellon Investment Portfolios
MidCap Stock Portfolio
Small Cap Stock Index Portfolio
Technology Growth Portfolio
BNY Mellon Large Cap Securities Fund, Inc.
BNY Mellon Midcap Index Fund, Inc.
BNY Mellon Municipal Bond Funds, Inc.
BNY Mellon Municipal Bond Fund
BNY Mellon Municipal Bond Infrastructure Fund, Inc.
BNY Mellon Municipal Funds, Inc.
BNY Mellon AMT-Free Municipal Bond Fund
BNY Mellon High Yield Municipal Bond Fund
BNY Mellon Municipal Income, Inc.
BNY Mellon New Jersey Municipal Bond Fund, Inc.
BNY Mellon New York AMT-Free Municipal Bond Fund
BNY Mellon New York Tax Exempt Bond Fund, Inc.
BNY Mellon Opportunistic Municipal Securities Fund
BNY Mellon Opportunity Funds
BNY Mellon Natural Resources Fund
BNY Mellon Research Growth Fund, Inc.
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BNY Mellon Short-Intermediate Municipal Bond Fund
BNY Mellon State Municipal Bond Funds
BNY Mellon Connecticut Fund
BNY Mellon Massachusetts Fund
BNY Mellon Pennsylvania Fund
BNY Mellon Stock Funds
BNY Mellon International Core Equity Fund
BNY Mellon International Small Cap Fund
BNY Mellon Stock Index Fund, Inc.
BNY Mellon Strategic Funds, Inc.
BNY Mellon Active XxxXxx Xxxx
XXX Xxxxxx Xxxxxx Xxxxx Xxxx
XXX Xxxxxx International Stock Fund
BNY Mellon Select Managers Small Cap Growth Fund
BNY Mellon Select Managers Small Cap Value Fund
BNY Mellon U.S. Equity Fund
BNY Mellon Strategic Municipal Bond Fund, Inc.
BNY Mellon Strategic Municipals, Inc.
BNY Mellon Sustainable U.S. Equity Fund, Inc.
BNY Mellon Sustainable U.S. Equity Portfolio, Inc.
BNY Mellon U.S. Mortgage Fund, Inc.
BNY Mellon Variable Investment Fund
Appreciation Portfolio
Government Money Market Portfolio
Growth and Income Portfolio
Opportunistic Small Cap Portfolio
BNY Mellon Worldwide Growth Fund, Inc.
CitizensSelect Funds
Dreyfus Institutional Preferred Treasury Securities Money Market Fund
Dreyfus Cash Management
Dreyfus Cash Management Funds
Dreyfus Government Cash Management
Dreyfus Government Securities Cash Management
Dreyfus Institutional Liquidity Funds
Dreyfus Treasury and Agency Liquidity Money Market Fund
Dreyfus Institutional Preferred Money Market Funds
Dreyfus Institutional Preferred Government Plus Money Market Fund
Dreyfus Institutional Reserves Funds
Dreyfus Institutional Preferred Government Money Market Fund
Dreyfus Institutional Preferred Treasury Obligations
Dreyfus Tax Exempt Cash Management Funds
Dreyfus Tax Exempt Cash Management
Dreyfus Treasury Obligations Cash Management Fund
Dreyfus Treasury Securities Cash Management
General Money Market Fund, Inc.
General Municipal Money Market Funds, Inc.
Dreyfus National Municipal Money Market Fund
General New York AMT-Free Municipal Money Market Fund
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