0001167368-18-000047.txt : 20180910 0001167368-18-000047.hdr.sgml : 20180910 20180910170840 ACCESSION NUMBER: 0001167368-18-000047 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 16 FILED AS OF DATE: 20180910 DATE AS OF CHANGE: 20180910 EFFECTIVENESS DATE: 20180910 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CITIZENSSELECT FUNDS CENTRAL INDEX KEY: 0001167368 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-82876 FILM NUMBER: 181063363 BUSINESS ADDRESS: STREET 1: 200 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10166 BUSINESS PHONE: 212-922-6400 MAIL ADDRESS: STREET 1: 200 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10166 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS CITIZENS SELECT FUNDS DATE OF NAME CHANGE: 20020213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CITIZENSSELECT FUNDS CENTRAL INDEX KEY: 0001167368 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-21035 FILM NUMBER: 181063364 BUSINESS ADDRESS: STREET 1: 200 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10166 BUSINESS PHONE: 212-922-6400 MAIL ADDRESS: STREET 1: 200 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10166 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS CITIZENS SELECT FUNDS DATE OF NAME CHANGE: 20020213 0001167368 S000000377 Dreyfus Prime Money Market Fund C000167187 Class A CZEXX 485BPOS 1 lp1_462.htm POST-EFFECTIVE AMENDMENT NO.37 lp1_462.htm - Generated by SEC Publisher for SEC Filing

File No. 333-82876

811-21035

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [X]

 Pre-Effective Amendment No.  [__]

 Post-Effective Amendment No. 37  [X]

and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [X]

 Amendment No. 37  [X]

(Check appropriate box or boxes.)

CitizensSelect Funds

(Exact Name of Registrant as Specified in Charter)

c/o The Dreyfus Corporation

200 Park Avenue, New York, New York 10166

(Address of Principal Executive Offices) (Zip Code)

 Registrant's Telephone Number, including Area Code: (212) 922-6400

Bennett A. MacDougall, Esq.

200 Park Avenue

New York, New York 10166

(Name and Address of Agent for Service)

It is proposed that this filing will become effective (check appropriate box)

 

  X__ immediately upon filing pursuant to paragraph (b)

 _____ on (date) pursuant to paragraph (b)

 _____ (days) days after filing pursuant to paragraph (a)(1)

 _____ on (date) pursuant to paragraph (a)(1)

 _____ (days) days after filing pursuant to paragraph (a)(2)

 _____ on (date) pursuant to paragraph (a)(2) of Rule 485

If appropriate, check the following box:

 _____ this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

 

The following post-effective amendment to the Registrant's Registration Statement on

Form N-1A relates only to the series listed below and does not relate to any series of the

Registrant with a different fiscal year end.

Dreyfus Prime Money Market Fund

 


SIGNATURES

 Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this Amendment to the Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Amendment to the Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of New York, and State of New York on the 10th day of September 2018.

CitizensSelect Funds

   

BY:

/s/ Bradley J. Skapyak*

 

Bradley J. Skapyak, PRESIDENT

 Pursuant to the requirements of the Securities Act of 1933, this Amendment to the Registration Statement has been signed below by the following persons in the capacities and on the date indicated.

         

Signatures

 

Title

 

Date

         

/s/ Bradley J. Skapyak*

 

President (Principal Executive Officer)

 

9/10/2018

Bradley J. Skapyak

       

/s/ James Windels*

 

Treasurer (Principal Financial Officer and Accounting Officer)

 

9/10/2018

James Windels

       

/s/ Joseph S. DiMartino*

 

Chairman of the Board

 

9/10/2018

Joseph S. DiMartino

       

/s/ Francine J. Bovich*

 

Board Member

 

9/10/2018

Francine J. Bovich

       

/s/ J. Charles Cardona*

 

Board Member

 

9/10/2018

J. Charles Cardona

       

/s/ Gordon J. Davis*

 

Board Member

 

9/10/2018

Gordon J. Davis

       

/s/ Isabel P. Dunst*

 

Board Member

 

9/10/2018

Isabel P. Dunst

       

/s/ Robin A. Melvin*

 

Board Member

 

9/10/2018

Robin A. Melvin

       

/s/ Nathan Leventhal*

 

Board Member

 

9/10/2018

Nathan Leventhal

       

/s/ Roslyn M. Watson*

 

Board Member

 

9/10/2018

Roslyn M. Watson

/s/ Benaree Pratt Wiley*

Board Member

9/10/2018

Benaree Pratt Wiley

   

*BY:

/s/ James Bitetto

 

James Bitetto
Attorney-in-Fact

 
 

 


INDEX OF EXHIBITS

Exhibits

EX-101.INS – Instance Document.

EX-101.SCH – Taxonomy.

EX-101.CAL – Calculation Linkbase.

EX-101.DEF – Definition Linkbase.

EX-101.LAB – Labels Linkbase.

EX-101.PRE – Presentation Linkbase.

 

EX-101.SCH 3 ck0001167368-20180827.xsd TAXONOMY 000001 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 020000 - Document - Risk/Return Summary {Unlabeled} - Dreyfus Prime Money Market Fund link:presentationLink link:definitionLink link:calculationLink 020001 - Schedule - Annual Fund Operating Expenses link:presentationLink link:definitionLink link:calculationLink 020002 - Schedule - Expense Example {Transposed} link:presentationLink link:definitionLink link:calculationLink 020003 - Schedule - Expense Example No Redemption {Transposed} link:presentationLink link:definitionLink link:calculationLink 020004 - Schedule - Annual Total Returns [Bar Chart] link:presentationLink link:definitionLink link:calculationLink 020005 - Schedule - Average Annual Returns {Transposed} link:presentationLink link:definitionLink link:calculationLink 020006 - Disclosure - Risk/Return Detail Data {Elements} - Dreyfus Prime Money Market Fund link:presentationLink link:definitionLink link:calculationLink EX-101.INS 4 ck0001167368-20180827.xml INSTANCE DOCUMENT 0001167368 2018-04-30 2018-04-30 0001167368 ck0001167368:S000000377Member 2018-04-30 2018-04-30 0001167368 ck0001167368:S000000377Member ck0001167368:C000167187Member 2018-04-30 2018-04-30 iso4217:USD xbrli:pure The fund's investment adviser, The Dreyfus Corporation, has agreed in its investment management agreement with the fund to: (1) pay all of the fund's expenses, except management fees, fees pursuant to any administrative services plan adopted by the fund and certain other expenses, including the fees and expenses of the non-interested board members and their counsel, and (2) reduce its fees pursuant to the investment management agreement in an amount equal to the fund's allocable portion of the fees and expenses of the non-interested board members and their counsel (in the amount of less than 0.01% for the past fiscal year). These provisions in the investment management agreement may not be amended without the approval of the fund's shareholders. CITIZENSSELECT FUNDS 485BPOS false 0001167368 2018-04-30 2018-08-27 2018-08-31 2018-08-31 Fund Summary CZEXX Investment Objective <p style="TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000;">The fund seeks as high a level of current income as is consistent with the preservation of capital and the maintenance of liquidity. </font></p> Example <p style="TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000;">The Example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the fund for the time periods indicated and then hold or redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</font></p> 20 20 64 64 113 113 255 255 ~ http://dreyfus.com/20180827/role/ScheduleExpenseExampleTransposed20002 column dei_LegalEntityAxis compact ck0001167368_S000000377Member row primary compact * ~ ~ http://dreyfus.com/20180827/role/ScheduleExpenseExampleNoRedemptionTransposed20003 column dei_LegalEntityAxis compact ck0001167368_S000000377Member row primary compact * ~ Fees and Expenses <p style="TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000;">This table describes the fees and expenses that you may pay if you buy and hold shares of the fund.</font></p> 0.0010 0.0010 0.0020 ~ http://dreyfus.com/20180827/role/ScheduleAnnualFundOperatingExpenses20001 column dei_LegalEntityAxis compact ck0001167368_S000000377Member row primary compact * ~ Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Principal Investment Strategy <p style="TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000;">To pursue its goal, the fund normally invests in a diversified portfolio of high quality, short-term, dollar-denominated debt securities, including: securities issued or guaranteed as to principal and interest by the U.S. government or its agencies or instrumentalities; certificates of deposit, time deposits, bankers' acceptances and other short-term securities issued by domestic or foreign banks or thrifts or their subsidiaries or branches; repurchase agreements, including tri-party repurchase agreements; asset-backed securities; municipal securities; domestic and dollar- denominated foreign commercial paper, and other short-term corporate obligations, including those with floating or variable rates of interest; and dollar-denominated foreign government obligations. The fund's investments are concentrated in the banking industry, because the fund normally invests at least 25% of its assets in domestic or dollar-denominated foreign bank obligations.</font></p> <br/><p style="TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000;">The fund is a money market fund subject to the maturity, quality, liquidity and diversification requirements of Rule 2a-7 under the Investment Company Act of 1940, as amended, and seeks to maintain a stable share price of $1.00.</font></p> Principal Risks <p style="TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000;">An investment in the fund is not a bank deposit. It is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The fund's yield will fluctuate as the short-term securities in its portfolio mature or are sold and the proceeds are reinvested in securities with different interest rates. The fund may impose a fee upon the sale of your shares (a "liquidity fee") or may temporarily suspend your ability to sell shares (a redemption "gate") if the fund's liquidity falls below required minimums because of market conditions or other factors. Neither The Dreyfus Corporation nor its affiliates have a legal obligation to provide financial support to the fund, and you should not expect that The Dreyfus Corporation or its affiliates will provide financial support to the fund at any time. The following are the principal risks that could reduce the fund's income level and/or share price:</font></p> <br/><p style="TEXT-ALIGN: left; MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000; font-family: symbol;">&#183;</font></font><font><font style="WORD-SPACING: 10pt"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000; font-family: symbol;">&#160;</font></font></font><font><i><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; color: #000000;">Interest rate risk.</font></i></font><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000;"> This risk refers to the decline in the prices of fixed-income securities that may accompany a rise in the overall level of interest rates. A sharp and unexpected rise in interest rates could impair the fund's ability to maintain a stable net asset value. A low interest rate environment may prevent the fund from providing a positive yield or paying fund expenses out of fund assets and could impair the fund's ability to maintain a stable net asset value. </font></p> <br/><p style="TEXT-ALIGN: left; MARGIN-LEFT: 9.35pt; TEXT-INDENT: -9.35pt"><font><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; font-family: symbol;">&#183;</font></font><font><font style="WORD-SPACING: 10pt"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; font-family: symbol;">&#160;</font></font></font><font><i><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal">Liquidity risk</font></i></font><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal">. When there is little or no active trading market for specific types of securities, it can become more difficult to sell the securities in a timely manner at or near their perceived value. In such a market, the value of such securities may fall dramatically, potentially impairing the fund's ability to maintain a stable net asset value, even during periods of declining interest rates.</font></p> <br/><p style="TEXT-ALIGN: left; MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000; font-family: symbol;">&#183;</font></font><font><font style="WORD-SPACING: 10pt"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000; font-family: symbol;">&#160;</font></font></font><font><i><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; color: #000000;">Credit risk.</font></i></font><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000;"> Failure of an issuer of a security to make timely interest or principal payments when due, or a decline or perception of a decline in the credit quality of a security, can cause the security's price to fall. Although the fund invests only in high quality debt securities, the credit quality of the securities held by the fund can change rapidly in certain market environments, and the default or a significant price decline of a single holding could impair the fund's ability to maintain a stable net asset value.</font></p> <br/><p style="TEXT-ALIGN: left; MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000; font-family: symbol;">&#183;</font></font><font><font style="WORD-SPACING: 10pt"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000; font-family: symbol;">&#160;</font></font></font><font><i><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; color: #000000;">Liquidity fee and/or redemption gate risk.</font></i></font><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000;"> The fund may impose a fee upon the sale of your shares (a "liquidity fee") or may temporarily suspend your ability to sell shares (a redemption "gate") if the fund's liquidity falls below required minimums because of unusual market conditions, an unusually high volume of redemption requests, redemptions by a few large investors, or other reasons. If a liquidity fee is imposed by the fund, it would reduce the amount you will receive upon the redemption of your shares. A "gate" will suspend your ability to redeem your shares while the gate is imposed and may prevent the fund from being able to pay redemption proceeds within the allowable time period stated in this prospectus.</font></p> <br/><p style="TEXT-ALIGN: left; MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000; font-family: symbol;">&#183;</font></font><font><font style="WORD-SPACING: 10pt"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000; font-family: symbol;">&#160;</font></font></font><font><i><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; color: #000000;">Banking industry risk. </font></i></font><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000;">The risks generally associated with concentrating investments in the banking industry include interest rate risk, credit risk, and regulatory developments relating to the banking industry. </font></p> <br/><p style="TEXT-ALIGN: left; MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000; font-family: symbol;">&#183;</font></font><font><font style="WORD-SPACING: 10pt"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000; font-family: symbol;">&#160;</font></font></font><font><i><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; color: #000000;">Foreign investment risk.</font></i></font><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000;"> The risks generally associated with dollar-denominated foreign investments include economic and political developments, seizure or nationalization of deposits, imposition of taxes or other restrictions on payment of principal and interest.</font></p> <br/><p style="TEXT-ALIGN: left; MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000; font-family: symbol;">&#183;</font></font><font><font style="WORD-SPACING: 10pt"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000; font-family: symbol;">&#160;</font></font></font><font><i><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; color: #000000;">U.S. Treasury securities risk.</font></i></font><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000;"> A security backed by the U.S. Treasury or the full faith and credit of the United States is guaranteed only as to the timely payment of interest and principal when held to maturity, but the market prices for such securities are not guaranteed and will fluctuate.</font></p> <br/><p style="TEXT-ALIGN: left; MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000; font-family: symbol;">&#183;</font></font><font><font style="WORD-SPACING: 10pt"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000; font-family: symbol;">&#160;</font></font></font><font><i><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; color: #000000;">Government securities risk.</font></i></font><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000;"> Not all obligations of the U.S. government, its agencies and instrumentalities are backed by the full faith and credit of the U.S. Treasury. Some obligations are backed only by the credit of the issuing agency or instrumentality, and in some cases there may be some risk of default by the issuer. Any guarantee by the U.S. government or its agencies or instrumentalities of a security held by the fund does not apply to the market value of such security or to shares of the fund itself. A security backed by the U.S. Treasury or the full faith and credit of the United States is guaranteed only as to the timely payment of interest and principal when held to maturity.</font></p> <br/><p style="TEXT-ALIGN: left; MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000; font-family: symbol;">&#183;</font></font><font><font style="WORD-SPACING: 10pt"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000; font-family: symbol;">&#160;</font></font></font><font><i><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; color: #000000;">Repurchase agreement counterparty risk.</font></i></font><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000;"> The fund is subject to the risk that a counterparty in a repurchase agreement and/or, for a tri-party repurchase agreement, the third party bank providing payment administration, collateral custody and management services for the transaction, could fail to honor the terms of the agreement.</font></p> <br/><p style="TEXT-ALIGN: left; MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000; font-family: symbol;">&#183;</font></font><font><font style="WORD-SPACING: 10pt"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000; font-family: symbol;">&#160;</font></font></font><font><i><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; color: #000000;">Municipal securities risk</font></i></font><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000;">. Municipal securities may be fully or partially backed or enhanced by the taxing authority of a local government, by the current or anticipated revenues from a specific project or specific assets, or by the credit of, or liquidity enhancement provided by, a private issuer. Special factors, such as legislative changes, and state and local economic and business developments, may adversely affect the yield and/or the fund's ability to maintain a stable net asset value. </font></p> An investment in the fund is not a bank deposit. It is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. Performance <p style="TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000;">The following bar chart and table provide some indication of the risks of investing in the fund. Effective August 31, 2017, the fund issued to each holder of its Citizens shares, in exchange for such shares, Class A shares of the fund having an aggregate net asset value equal to the aggregate net asset value of the shareholder&#8217;s Citizens shares. The fund no longer offers Citizens shares. The bar chart shows changes in the performance of the fund's shares from year to year. The table shows the average annual total returns of the fund's shares over time. For periods prior to March 1, 2016 (the inception date of Class A shares), the performance of the fund's former Citizens shares is shown. The fund's past performance is not necessarily an indication of how the fund will perform in the future. More recent performance information may be available at </font><font><font style="text-decoration:underline"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000;">www.dreyfus.com.</font></font></font></p> <br/><p style="TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal; color: #000000;">Class A shares would have had substantially similar annual returns as the fund's Citizens shares, because each share class was invested in the same portfolio of securities and the annual returns would have differed only to the extent that the classes do not have the same expenses. The performance figures shown have not been adjusted to reflect applicable class fees and expenses. </font></p> Year-by-Year Total Returns as of 12/31 each year (%) 0.0282 0.0040 0.0009 0.0004 0.0002 0.0000 0.0000 0.0001 0.0036 0.0102 ~ http://dreyfus.com/20180827/role/ScheduleAnnualTotalReturnsBarChart20004 column dei_LegalEntityAxis compact ck0001167368_S000000377Member column rr_ProspectusShareClassAxis compact ck0001167368_C000167187Member row primary compact * ~ Best Quarter 0.0030 2017-12-31 Worst Quarter 0.0019 2017-03-31 year-to-date total return 0.0082 2018-06-30 <table><tr><td> <p style="TEXT-ALIGN: left; MARGIN-LEFT: 4.5pt"><font><b><font style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-STYLE: normal">Best Quarter</font></b></font><font style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal"><br/>Q4, 2017: 0.30%<br/></font><font><b><font style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-STYLE: normal">Worst Quarter</font></b></font><font style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; FONT-STYLE: normal"><br/>Q1, 2017: 0.19%</font></p></td></tr></table> <br/><p style="TEXT-ALIGN: left"><i><font style="FONT-SIZE: 9pt; FONT-WEIGHT: normal; color: #000000;">The year-to-date total return of the fund's shares as of June 30, 2018 was 0.82%.</font></i></p> 0.0102 0.0028 0.0047 ~ http://dreyfus.com/20180827/role/ScheduleAverageAnnualReturnsTransposed20005 column dei_LegalEntityAxis compact ck0001167368_S000000377Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <table border="0" cellpadding="0" cellspacing="0" style="CLEAR: both" width="100%"><tr> <td><font style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&#160;</font></td> <td colspan="3"> <p style="TEXT-ALIGN: left; MARGIN-LEFT: 3.5pt"><i><font style="FONT-SIZE: 9pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; color: #000000;">For the fund's current yield call<font> &#160;</font>toll-free<font> &#160;</font>1-800-DREYFUS (inside the U.S. only).</font></i></p></td></tr></table> Average Annual Total Returns as of 12/31/17 www.dreyfus.com The following bar chart and table provide some indication of the risks of investing in the fund. 1-800-DREYFUS The fund's past performance is not necessarily an indication of how the fund will perform in the future. 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Document and Entity Information
Total
Prospectus:  
Document Type 485BPOS
Document Period End Date Apr. 30, 2018
Registrant Name CITIZENSSELECT FUNDS
Central Index Key 0001167368
Amendment Flag false
Document Creation Date Aug. 27, 2018
Document Effective Date Aug. 31, 2018
Prospectus Date Aug. 31, 2018
Dreyfus Prime Money Market Fund | Class A  
Prospectus:  
Trading Symbol CZEXX
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Dreyfus Prime Money Market Fund
Fund Summary
Investment Objective

The fund seeks as high a level of current income as is consistent with the preservation of capital and the maintenance of liquidity.

Fees and Expenses

This table describes the fees and expenses that you may pay if you buy and hold shares of the fund.

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Dreyfus Prime Money Market Fund
Class A
Management fees 0.10%
Other expenses (including administrative services fees) 0.10% [1]
Total annual fund operating expenses 0.20%
[1] The fund's investment adviser, The Dreyfus Corporation, has agreed in its investment management agreement with the fund to: (1) pay all of the fund's expenses, except management fees, fees pursuant to any administrative services plan adopted by the fund and certain other expenses, including the fees and expenses of the non-interested board members and their counsel, and (2) reduce its fees pursuant to the investment management agreement in an amount equal to the fund's allocable portion of the fees and expenses of the non-interested board members and their counsel (in the amount of less than 0.01% for the past fiscal year). These provisions in the investment management agreement may not be amended without the approval of the fund's shareholders.
Example

The Example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the fund for the time periods indicated and then hold or redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example
1 Year
3 Years
5 Years
10 Years
Dreyfus Prime Money Market Fund | Class A | USD ($) 20 64 113 255
Expense Example No Redemption
1 Year
3 Years
5 Years
10 Years
Dreyfus Prime Money Market Fund | Class A | USD ($) 20 64 113 255
Principal Investment Strategy

To pursue its goal, the fund normally invests in a diversified portfolio of high quality, short-term, dollar-denominated debt securities, including: securities issued or guaranteed as to principal and interest by the U.S. government or its agencies or instrumentalities; certificates of deposit, time deposits, bankers' acceptances and other short-term securities issued by domestic or foreign banks or thrifts or their subsidiaries or branches; repurchase agreements, including tri-party repurchase agreements; asset-backed securities; municipal securities; domestic and dollar- denominated foreign commercial paper, and other short-term corporate obligations, including those with floating or variable rates of interest; and dollar-denominated foreign government obligations. The fund's investments are concentrated in the banking industry, because the fund normally invests at least 25% of its assets in domestic or dollar-denominated foreign bank obligations.


The fund is a money market fund subject to the maturity, quality, liquidity and diversification requirements of Rule 2a-7 under the Investment Company Act of 1940, as amended, and seeks to maintain a stable share price of $1.00.

Principal Risks

An investment in the fund is not a bank deposit. It is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The fund's yield will fluctuate as the short-term securities in its portfolio mature or are sold and the proceeds are reinvested in securities with different interest rates. The fund may impose a fee upon the sale of your shares (a "liquidity fee") or may temporarily suspend your ability to sell shares (a redemption "gate") if the fund's liquidity falls below required minimums because of market conditions or other factors. Neither The Dreyfus Corporation nor its affiliates have a legal obligation to provide financial support to the fund, and you should not expect that The Dreyfus Corporation or its affiliates will provide financial support to the fund at any time. The following are the principal risks that could reduce the fund's income level and/or share price:


· Interest rate risk. This risk refers to the decline in the prices of fixed-income securities that may accompany a rise in the overall level of interest rates. A sharp and unexpected rise in interest rates could impair the fund's ability to maintain a stable net asset value. A low interest rate environment may prevent the fund from providing a positive yield or paying fund expenses out of fund assets and could impair the fund's ability to maintain a stable net asset value.


· Liquidity risk. When there is little or no active trading market for specific types of securities, it can become more difficult to sell the securities in a timely manner at or near their perceived value. In such a market, the value of such securities may fall dramatically, potentially impairing the fund's ability to maintain a stable net asset value, even during periods of declining interest rates.


· Credit risk. Failure of an issuer of a security to make timely interest or principal payments when due, or a decline or perception of a decline in the credit quality of a security, can cause the security's price to fall. Although the fund invests only in high quality debt securities, the credit quality of the securities held by the fund can change rapidly in certain market environments, and the default or a significant price decline of a single holding could impair the fund's ability to maintain a stable net asset value.


· Liquidity fee and/or redemption gate risk. The fund may impose a fee upon the sale of your shares (a "liquidity fee") or may temporarily suspend your ability to sell shares (a redemption "gate") if the fund's liquidity falls below required minimums because of unusual market conditions, an unusually high volume of redemption requests, redemptions by a few large investors, or other reasons. If a liquidity fee is imposed by the fund, it would reduce the amount you will receive upon the redemption of your shares. A "gate" will suspend your ability to redeem your shares while the gate is imposed and may prevent the fund from being able to pay redemption proceeds within the allowable time period stated in this prospectus.


· Banking industry risk. The risks generally associated with concentrating investments in the banking industry include interest rate risk, credit risk, and regulatory developments relating to the banking industry.


· Foreign investment risk. The risks generally associated with dollar-denominated foreign investments include economic and political developments, seizure or nationalization of deposits, imposition of taxes or other restrictions on payment of principal and interest.


· U.S. Treasury securities risk. A security backed by the U.S. Treasury or the full faith and credit of the United States is guaranteed only as to the timely payment of interest and principal when held to maturity, but the market prices for such securities are not guaranteed and will fluctuate.


· Government securities risk. Not all obligations of the U.S. government, its agencies and instrumentalities are backed by the full faith and credit of the U.S. Treasury. Some obligations are backed only by the credit of the issuing agency or instrumentality, and in some cases there may be some risk of default by the issuer. Any guarantee by the U.S. government or its agencies or instrumentalities of a security held by the fund does not apply to the market value of such security or to shares of the fund itself. A security backed by the U.S. Treasury or the full faith and credit of the United States is guaranteed only as to the timely payment of interest and principal when held to maturity.


· Repurchase agreement counterparty risk. The fund is subject to the risk that a counterparty in a repurchase agreement and/or, for a tri-party repurchase agreement, the third party bank providing payment administration, collateral custody and management services for the transaction, could fail to honor the terms of the agreement.


· Municipal securities risk. Municipal securities may be fully or partially backed or enhanced by the taxing authority of a local government, by the current or anticipated revenues from a specific project or specific assets, or by the credit of, or liquidity enhancement provided by, a private issuer. Special factors, such as legislative changes, and state and local economic and business developments, may adversely affect the yield and/or the fund's ability to maintain a stable net asset value.

Performance

The following bar chart and table provide some indication of the risks of investing in the fund. Effective August 31, 2017, the fund issued to each holder of its Citizens shares, in exchange for such shares, Class A shares of the fund having an aggregate net asset value equal to the aggregate net asset value of the shareholder’s Citizens shares. The fund no longer offers Citizens shares. The bar chart shows changes in the performance of the fund's shares from year to year. The table shows the average annual total returns of the fund's shares over time. For periods prior to March 1, 2016 (the inception date of Class A shares), the performance of the fund's former Citizens shares is shown. The fund's past performance is not necessarily an indication of how the fund will perform in the future. More recent performance information may be available at www.dreyfus.com.


Class A shares would have had substantially similar annual returns as the fund's Citizens shares, because each share class was invested in the same portfolio of securities and the annual returns would have differed only to the extent that the classes do not have the same expenses. The performance figures shown have not been adjusted to reflect applicable class fees and expenses.

Year-by-Year Total Returns as of 12/31 each year (%)
Bar Chart

Best Quarter
Q4, 2017: 0.30%
Worst Quarter
Q1, 2017: 0.19%


The year-to-date total return of the fund's shares as of June 30, 2018 was 0.82%.

Average Annual Total Returns as of 12/31/17
Average Annual Returns
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, 10 Years
Dreyfus Prime Money Market Fund | Class A 1.02% 0.28% 0.47%
 

For the fund's current yield call  toll-free  1-800-DREYFUS (inside the U.S. only).

XML 12 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
Dreyfus Prime Money Market Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund Summary
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The fund seeks as high a level of current income as is consistent with the preservation of capital and the maintenance of liquidity.

Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the fund.

Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The Example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the fund for the time periods indicated and then hold or redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading Principal Investment Strategy
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

To pursue its goal, the fund normally invests in a diversified portfolio of high quality, short-term, dollar-denominated debt securities, including: securities issued or guaranteed as to principal and interest by the U.S. government or its agencies or instrumentalities; certificates of deposit, time deposits, bankers' acceptances and other short-term securities issued by domestic or foreign banks or thrifts or their subsidiaries or branches; repurchase agreements, including tri-party repurchase agreements; asset-backed securities; municipal securities; domestic and dollar- denominated foreign commercial paper, and other short-term corporate obligations, including those with floating or variable rates of interest; and dollar-denominated foreign government obligations. The fund's investments are concentrated in the banking industry, because the fund normally invests at least 25% of its assets in domestic or dollar-denominated foreign bank obligations.


The fund is a money market fund subject to the maturity, quality, liquidity and diversification requirements of Rule 2a-7 under the Investment Company Act of 1940, as amended, and seeks to maintain a stable share price of $1.00.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

An investment in the fund is not a bank deposit. It is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The fund's yield will fluctuate as the short-term securities in its portfolio mature or are sold and the proceeds are reinvested in securities with different interest rates. The fund may impose a fee upon the sale of your shares (a "liquidity fee") or may temporarily suspend your ability to sell shares (a redemption "gate") if the fund's liquidity falls below required minimums because of market conditions or other factors. Neither The Dreyfus Corporation nor its affiliates have a legal obligation to provide financial support to the fund, and you should not expect that The Dreyfus Corporation or its affiliates will provide financial support to the fund at any time. The following are the principal risks that could reduce the fund's income level and/or share price:


· Interest rate risk. This risk refers to the decline in the prices of fixed-income securities that may accompany a rise in the overall level of interest rates. A sharp and unexpected rise in interest rates could impair the fund's ability to maintain a stable net asset value. A low interest rate environment may prevent the fund from providing a positive yield or paying fund expenses out of fund assets and could impair the fund's ability to maintain a stable net asset value.


· Liquidity risk. When there is little or no active trading market for specific types of securities, it can become more difficult to sell the securities in a timely manner at or near their perceived value. In such a market, the value of such securities may fall dramatically, potentially impairing the fund's ability to maintain a stable net asset value, even during periods of declining interest rates.


· Credit risk. Failure of an issuer of a security to make timely interest or principal payments when due, or a decline or perception of a decline in the credit quality of a security, can cause the security's price to fall. Although the fund invests only in high quality debt securities, the credit quality of the securities held by the fund can change rapidly in certain market environments, and the default or a significant price decline of a single holding could impair the fund's ability to maintain a stable net asset value.


· Liquidity fee and/or redemption gate risk. The fund may impose a fee upon the sale of your shares (a "liquidity fee") or may temporarily suspend your ability to sell shares (a redemption "gate") if the fund's liquidity falls below required minimums because of unusual market conditions, an unusually high volume of redemption requests, redemptions by a few large investors, or other reasons. If a liquidity fee is imposed by the fund, it would reduce the amount you will receive upon the redemption of your shares. A "gate" will suspend your ability to redeem your shares while the gate is imposed and may prevent the fund from being able to pay redemption proceeds within the allowable time period stated in this prospectus.


· Banking industry risk. The risks generally associated with concentrating investments in the banking industry include interest rate risk, credit risk, and regulatory developments relating to the banking industry.


· Foreign investment risk. The risks generally associated with dollar-denominated foreign investments include economic and political developments, seizure or nationalization of deposits, imposition of taxes or other restrictions on payment of principal and interest.


· U.S. Treasury securities risk. A security backed by the U.S. Treasury or the full faith and credit of the United States is guaranteed only as to the timely payment of interest and principal when held to maturity, but the market prices for such securities are not guaranteed and will fluctuate.


· Government securities risk. Not all obligations of the U.S. government, its agencies and instrumentalities are backed by the full faith and credit of the U.S. Treasury. Some obligations are backed only by the credit of the issuing agency or instrumentality, and in some cases there may be some risk of default by the issuer. Any guarantee by the U.S. government or its agencies or instrumentalities of a security held by the fund does not apply to the market value of such security or to shares of the fund itself. A security backed by the U.S. Treasury or the full faith and credit of the United States is guaranteed only as to the timely payment of interest and principal when held to maturity.


· Repurchase agreement counterparty risk. The fund is subject to the risk that a counterparty in a repurchase agreement and/or, for a tri-party repurchase agreement, the third party bank providing payment administration, collateral custody and management services for the transaction, could fail to honor the terms of the agreement.


· Municipal securities risk. Municipal securities may be fully or partially backed or enhanced by the taxing authority of a local government, by the current or anticipated revenues from a specific project or specific assets, or by the credit of, or liquidity enhancement provided by, a private issuer. Special factors, such as legislative changes, and state and local economic and business developments, may adversely affect the yield and/or the fund's ability to maintain a stable net asset value.

Risk Money Market Fund [Text] rr_RiskMoneyMarketFund Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the fund is not a bank deposit. It is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following bar chart and table provide some indication of the risks of investing in the fund. Effective August 31, 2017, the fund issued to each holder of its Citizens shares, in exchange for such shares, Class A shares of the fund having an aggregate net asset value equal to the aggregate net asset value of the shareholder’s Citizens shares. The fund no longer offers Citizens shares. The bar chart shows changes in the performance of the fund's shares from year to year. The table shows the average annual total returns of the fund's shares over time. For periods prior to March 1, 2016 (the inception date of Class A shares), the performance of the fund's former Citizens shares is shown. The fund's past performance is not necessarily an indication of how the fund will perform in the future. More recent performance information may be available at www.dreyfus.com.


Class A shares would have had substantially similar annual returns as the fund's Citizens shares, because each share class was invested in the same portfolio of securities and the annual returns would have differed only to the extent that the classes do not have the same expenses. The performance figures shown have not been adjusted to reflect applicable class fees and expenses.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following bar chart and table provide some indication of the risks of investing in the fund.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.dreyfus.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The fund's past performance is not necessarily an indication of how the fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Year-by-Year Total Returns as of 12/31 each year (%)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best Quarter
Q4, 2017: 0.30%
Worst Quarter
Q1, 2017: 0.19%


The year-to-date total return of the fund's shares as of June 30, 2018 was 0.82%.

Year to Date Return, Label rr_YearToDateReturnLabel year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2018
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 0.82%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Dec. 31, 2017
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 0.30%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Mar. 31, 2017
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn 0.19%
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
 

For the fund's current yield call  toll-free  1-800-DREYFUS (inside the U.S. only).

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of 12/31/17
Money Market Seven Day Yield Phone rr_MoneyMarketSevenDayYieldPhone 1-800-DREYFUS
Dreyfus Prime Money Market Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.10%
Other expenses (including administrative services fees) rr_OtherExpensesOverAssets 0.10% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 0.20%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 20
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 64
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 113
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 255
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 20
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 64
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 113
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 255
Annual Return 2008 rr_AnnualReturn2008 2.82%
Annual Return 2009 rr_AnnualReturn2009 0.40%
Annual Return 2010 rr_AnnualReturn2010 0.09%
Annual Return 2011 rr_AnnualReturn2011 0.04%
Annual Return 2012 rr_AnnualReturn2012 0.02%
Annual Return 2013 rr_AnnualReturn2013 none
Annual Return 2014 rr_AnnualReturn2014 none
Annual Return 2015 rr_AnnualReturn2015 0.01%
Annual Return 2016 rr_AnnualReturn2016 0.36%
Annual Return 2017 rr_AnnualReturn2017 1.02%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 1.02%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 0.28%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 0.47%
[1] The fund's investment adviser, The Dreyfus Corporation, has agreed in its investment management agreement with the fund to: (1) pay all of the fund's expenses, except management fees, fees pursuant to any administrative services plan adopted by the fund and certain other expenses, including the fees and expenses of the non-interested board members and their counsel, and (2) reduce its fees pursuant to the investment management agreement in an amount equal to the fund's allocable portion of the fees and expenses of the non-interested board members and their counsel (in the amount of less than 0.01% for the past fiscal year). These provisions in the investment management agreement may not be amended without the approval of the fund's shareholders.
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Risk/Return: rr_RiskReturnAbstract  
Prospectus Date rr_ProspectusDate Aug. 31, 2018
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