SECOND AMENDMENT TO CUSTODY AGREEMENT

 

Exhibit (g)(iii)

 

SECOND AMENDMENT TO CUSTODY AGREEMENT

 

This Amendment to the Custody Agreement (defined below) is made as of December _, 2016 by and between each investment company identified on Schedule 1 hereto, as such Schedule may be amended from time to time (each such investment company and each investment company made subject to the Custody Agreement in accordance with Section 10.12 thereof, the "Fund"), and The Bank of New York Mellon (the "Custodian"). Capitalized terms used in this Amendment without definition shall have the respective meanings given to such terms in the Custody Agreement.

 

WHEREAS, the Fund and the Custodian entered into a Custody Agreement dated as of January 1, 2011 and amended as of October 1, 2013 (as amended, restated, supplemented or otherwise modified, the "Custody Agreement");

 

NOW THEREFORE, in consideration of the foregoing and the mutual covenants and agreements hereinafter contained, the parties hereby agree to amend the Custody Agreement, pursuant to the terms thereof, as follows:

 

I.

Section 5.2 of the Custody Agreement is hereby amended to read as follows:

 

5.2       Sweep and Float.  Cash, including cash on deposit with a Foreign Custodian, may be swept as directed by the Fund or its investment manager to investment vehicles offered by the Custodian or to other investment vehicles.  Cash may be uninvested when it is received or reconciled to an Account after the deadline to be swept into a target vehicle, or when held for short periods of time related to transaction settlements.  The Fund acknowledges that the Custodian’s compensation includes (i) the interest earned by the Custodian on cash balances in Accounts, less (x) the Earnings Credits received and applied by the Fund pursuant to Section 8.6, in the case of U.S. dollar balances or (y) interest paid the Fund in the case of foreign currency balances and (ii) interest earned by the Custodian on other cash balances held by the Custodian, including disbursement balances and balances arising from purchase and sale transactions, as disclosed in the Custodian’s float policy. The Fund also acknowledges that the Custodian’s compensation may include negative interest charged the Fund, as set forth in the Custodian’s negative interest rate disclosure, on balances held on deposit with the Custodian in certain currencies for which the local short term interest rate has become negative.”

 

II.            Continuing Agreement. Except as expressly amended by this Amendment, the provisions of the Custody Agreement shall remain in full force and effect.

 

III.           New York Law to Apply. This Amendment shall be construed in accordance with and governed by the substantive laws of the state of New York without regard to its conflicts of law provisions.

 

IV.           Counterparts. This Amendment may be executed in several counterparts, each of which shall be deemed to be an original, and all such counterparts taken together shall constitute one and the same Amendment.

 

 

IN WITNESS WHEREOF, each of the parties has caused this Amendment to be executed in its name and behalf by its duly authorized representative as of the date first above written.

 

THE BANK OF NEW YORK MELLON			THE FUNDS LISTED ON SCHEDULE 1
By:			By:
	Name:			Name:     ▇▇▇▇ ▇▇▇▇▇ Charatan
	Title:			Title:       Vice President

 

 

SCHEDULE 1

 

FUNDS

 

Name of Fund

and each Series of the Fund (if any)

 

	Advantage Funds, Inc
	Dreyfus Global Dynamic Bond Fund
	Dreyfus Global Real Return Fund
	Dreyfus Opportunistic Midcap Value Fund
	Dreyfus Opportunistic Small Cap Fund
	Dreyfus Opportunistic U.S. Stock Fund
	Dreyfus Strategic Value Fund
	Dreyfus Structured Midcap Fund
	Dreyfus Technology Growth Fund
	Dreyfus Total Emerging Markets Fund
	Dynamic Total Return Fund
	BNY Mellon Absolute Insight Funds, Inc.
	BNY Mellon Absolute Insight Multi-Strategy Fund
	BNY Mellon Funds Trust
	BNY Mellon 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 Appreciation Fund
	BNY Mellon International Equity Income Fund
	BNY Mellon International Fund
	BNY Mellon Large Cap Market Opportunities Fund
	BNY Mellon Large Cap Stock 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 Small/Mid Cap Multi-Strategy Fund
	BNY Mellon Tax-Sensitive Large Cap Multi Strategy Fund
	CitizensSelect Funds
	Dreyfus Prime Money Market Fund
	Dreyfus Institutional Preferred Treasury Securities Money Market Fund
	Dreyfus AMT-Free New York Municipal Cash Management
	Dreyfus Appreciation Fund, Inc.
	Dreyfus BASIC Money Market Fund, Inc.
	Dreyfus BNY Mellon Funds, Inc.
	Dreyfus Alternative Diversifier Strategies Fund
	Dreyfus Emerging Markets Debt U.S. Dollar Fund
	Dreyfus Global Emerging Markets Fund
	Dreyfus Select Managers Long/Short Fund

 

 

	Dreyfus Yield Enhancement Strategy Fund
	Dreyfus Bond Funds, Inc.
	Dreyfus Municipal Bond Fund
	Dreyfus Cash Management
	The Dreyfus Fund Incorporated
	Dreyfus Funds, Inc.
	Dreyfus Mid-Cap Growth Fund
	Dreyfus Government Cash Management Funds
	Dreyfus Government Cash Management
	Dreyfus Government Securities Cash Management
	Dreyfus Growth and Income Fund, Inc.
	Dreyfus High Yield Strategies Fund
	Dreyfus Index Funds, Inc.
	Dreyfus International Stock Index Fund
	Dreyfus S&P 500 Index Fund
	Dreyfus Smallcap Stock Index Fund
	Dreyfus Institutional Preferred Money Market Funds
	Dreyfus Institutional Preferred Money Market Fund
	Dreyfus Institutional Preferred Government Plus Money Market Fund
	Dreyfus Institutional Reserves Funds
	Dreyfus Institutional Treasury Securities Cash Advantage Fund
	Dreyfus Institutional Treasury and Agency Cash Advantage Fund
	Dreyfus Institutional Preferred Government Money Market Fund
	Dreyfus Intermediate Municipal Bond Fund, Inc.
	Dreyfus International Funds, Inc.
	Dreyfus Emerging Markets Fund
	Dreyfus Investment Grade Funds, Inc.
	Dreyfus Inflation Adjusted Securities Fund
	Dreyfus Intermediate Term Income Fund
	Dreyfus Short Term Income Fund
	Dreyfus Investment Funds
	Dreyfus/The Boston Company Small Cap Value Fund
	Dreyfus/The Boston Company Small Cap Growth Fund
	Dreyfus/The Boston Company Small/Mid Cap Growth Fund
	Dreyfus Diversified Emerging Markets Fund
	Dreyfus/▇▇▇▇▇▇▇▇ Global Fixed Income Fund
	Dreyfus Tax Sensitive Total Return Bond Fund
	Dreyfus/▇▇▇▇▇▇ International Equity Fund
	Dreyfus Investment Portfolios
	Core Value Portfolio
	MidCap Stock Portfolio
	Small Cap Stock Index Portfolio
	Technology Growth Portfolio
	The Dreyfus/Laurel Funds, Inc.
	Dreyfus Bond Market Index Fund
	Dreyfus Core Equity Fund
	Dreyfus Disciplined Stock Fund
	Dreyfus Floating Rate Income Fund
	Dreyfus Institutional S&P 500 Stock Index Fund
	Dreyfus Opportunistic Fixed Income Fund
	Dreyfus Tax Managed Growth Fund
	General AMT-Free Municipal Money Market Fund
	General Treasury and Agency Money Market Fund
	The Dreyfus/Laurel Funds Trust
	Dreyfus Emerging Markets Debt Local Currency Fund
	Dreyfus Equity Income Fund
	Dreyfus Global Equity Income Fund

 

 

	Dreyfus High Yield Fund
	Dreyfus International Bond Fund
	Dreyfus Liquid Assets, Inc.
	Dreyfus Manager Funds I
	Dreyfus Research Long/Short Equity Fund
	Dreyfus Manager Funds II
	Dreyfus Balanced Opportunity Fund
	Dreyfus Midcap Index Fund, Inc.
	Dreyfus Municipal Bond Infrastructure Fund, Inc.
	Dreyfus Municipal Bond Opportunity Fund
	Dreyfus Municipal Cash Management Plus
	Dreyfus Municipal Funds, Inc.
	Dreyfus AMT-Free Municipal Bond Fund
	Dreyfus High Yield Municipal Bond Fund
	Dreyfus Municipal Income, Inc.
	Dreyfus New Jersey Municipal Bond Fund, Inc.
	Dreyfus New York AMT-Free Municipal Bond Fund
	Dreyfus New York Tax Exempt Bond Fund, Inc.
	Dreyfus Opportunity Funds
	Dreyfus Natural Resources Fund
	Dreyfus Strategic Beta Emerging Markets Equity Fund
	Dreyfus Strategic Beta Global Equity Fund
	Dreyfus Premier California AMT-Free Municipal Bond Fund, Inc.
	Dreyfus California AMT-Free Municipal Bond Fund
	Dreyfus Premier GNMA Fund, Inc.
	Dreyfus GNMA Fund
	Dreyfus Premier Investment Funds, Inc.
	Dreyfus Diversified International Fund
	Dreyfus Global Infrastructure Fund
	Dreyfus Global Real Estate Securities Fund
	Dreyfus Large Cap Growth Fund
	Dreyfus Large Cap Equity Fund
	Dreyfus Premier Short-Intermediate Municipal Bond Fund
	Dreyfus Short-Intermediate Municipal Bond Fund
	Dreyfus Premier Worldwide Growth Fund, Inc.
	Dreyfus Worldwide Growth Fund
	Dreyfus Research Growth Fund, Inc.
	The Dreyfus Socially Responsible Growth Fund, Inc.
	Dreyfus State Municipal Bond Funds
	Dreyfus Connecticut Fund
	Dreyfus Massachusetts Fund
	Dreyfus Pennsylvania Fund
	Dreyfus Stock Funds
	Dreyfus International Equity Fund
	Dreyfus International Small Cap Fund
	Dreyfus Small Cap Equity Fund
	Dreyfus Stock Index Fund, Inc
	Dreyfus Strategic Municipal Bond Fund, Inc.
	Dreyfus Strategic Municipals, Inc.
	Dreyfus Tax Exempt Cash Management Funds
	Dreyfus AMT-Free Tax Exempt Cash Management
	Dreyfus California AMT-Free Municipal Cash Management
	The Dreyfus Third Century Fund, Inc.
	Dreyfus Treasury & Agency Cash Management
	Dreyfus Treasury Securities Cash Management
	Dreyfus Ultra Short Income Fund
	Dreyfus U.S. Treasury Intermediate Term Fund

 

 

	Dreyfus U.S. Treasury Long Term Fund
	Dreyfus Variable Investment Fund
	Appreciation Portfolio
	Opportunistic Small Cap Fund
	Government Money Market Portfolio
	Growth and Income Portfolio
	International Equity Portfolio
	International Value Portfolio
	Quality Bond Portfolio
	General California Municipal Money Market Fund
	General Government Securities Money Market Funds, Inc.
	General Government Securities Money Market Fund
	General Treasury Securities Money Market Fund
	General Money Market Fund, Inc.
	General Municipal Money Market Funds, Inc.
	General Municipal Money Market Fund
	General New Jersey Municipal Money Market Fund, Inc.
	General New York AMT-Free Municipal Money Market Fund
	Strategic Funds, Inc.
	Dreyfus Active MidCap Fund
	Dreyfus Conservative Allocation Fund
	Dreyfus Growth Allocation Fund
	Dreyfus MLP Fund
	Dreyfus Moderate Allocation Fund
	Dreyfus Select Managers Small Cap Growth Fund
	Dreyfus Select Managers Small Cap Value Fund
	Dreyfus U.S. Equity Fund
	Global Stock Fund
	International Stock Fund