secondamendmendcustodyagreem.htm - Generated by SEC Publisher for SEC Filing

SECOND AMENDMENT TO CUSTODY AGREEMENT

This Amendment to the Custody Agreement (defined below) is made as of December 22, 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.

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/Standish Global Fixed Income Fund

Dreyfus Tax Sensitive Total Return Bond Fund

Dreyfus/Newton 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

THE BANK OF NEW YORK MELLON			THE FUNDS LISTED ON SCHEDULE 1



By:	/s/ Peter D. Holland		By:	/s/ Joni Lacks Charatan
	Name:	Peter D. Holland		Name:	Joni Lacks Charatan
	Title:	Managing Director		Title:	Vice President