Dreyfus Opportunistic Midcap Value Fund

Why invest in this Fund?

The fund seeks to surpass the performance of the Russell Midcap® Value Index. To pursue this goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of mid-cap companies. The fund currently considers mid-cap companies to be those with market capitalizations, at the time of purchase, within the market capitalization range of companies comprising the Russell Midcap® Value Index. The fund's portfolio managers identify potential investments through extensive quantitative and fundamental research. The fund focuses on individual stock selection (a "bottom-up" approach), emphasizing three key factors: relative value, business health, and business momentum.
Min. class investment
$1,000
Class Inception Date
05/30/08
Fund Assets
$806,692,024  As of  03/21/19
Class Assets
$37,109,943  As of  03/21/19
Portfolio Turnover Rate
100.55%  As of fiscal year end  08/31/18
Morningstar Category
Mid-Cap Blend
Benchmark
Russell Midcap Value Index
Fund Holdings
61  As of  02/28/19

Morningstar Rating™ as of February 28, 2019 for the Class C class shares; other classes may have different performance characteristics. Overall rating for the Mid-Cap Blend category. Fund ratings are out of 5 Stars: Overall 2 Stars (383 funds rated); 3 Yrs. 2 Stars (383 funds rated); 5 Yrs. 1 Stars (338 funds rated); 10 Yrs. 2 Stars (239 funds rated). The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance (not including the effects of sales charges, loads and redemption fees if applicable), placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. ©2018 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.

Investors should consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. Download a prospectus, or a summary prospectus, if available, that contains this and other information about the fund, and read it carefully before investing.  Past performance is no guarantee of future results.  MBSC Securities Corporation, a registered broker-dealer and FINRA member, is the distributor for the Dreyfus Funds.

Portfolio Managers

  • Duncan, Brian R.

    Brian R. Duncan

    Senior Research Analyst, Mellon Investments Corporation

    2 yr(s). on fund

  • Boyd, James

    James Boyd

    Portfolio Manager, Mellon Investments Corporation

    11 yr(s). on fund

  • Dutile, Dale

    Dale Dutile

    Portfolio Manager, Mellon Investments Corporation

    11 yr(s). on fund


Click here to see SALES CHARGE  Max Sales Charge:  1.00% CDSC Load
As of  02/28/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Opportunistic Midcap Value Fund
DVLCX
-4.00 11.22 3.70 15.87 11.32 05/30/08
Russell Midcap Value Index
2.63 12.58 7.44 17.31 - -
As of  12/31/18 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Opportunistic Midcap Value Fund
DVLCX
-18.66 2.88 0.96 12.34 10.61 05/30/08
Russell Midcap Value Index
-12.29 6.06 5.44 13.03 - -
Click here to see SALES CHARGE  Max Sales Charge:  1.00% CDSC Load
As of  02/28/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Opportunistic Midcap Value Fund
DVLCX
-4.00 37.56 19.89 336.16 1,133.27 05/30/08
Russell Midcap Value Index
2.63 42.70 43.16 393.61 - -
As of  12/31/18 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Opportunistic Midcap Value Fund
DVLCX
-19.25 8.88 4.90 220.17 942.33 05/30/08
Russell Midcap Value Index
-12.29 19.30 30.35 240.38 - -

The performance data quoted represents past performance, which is no guarantee of future results. Yield, share price and investment return fluctuate and an investor’s shares may be worth more or less than original cost upon redemption. Current performance may be lower or higher than the performance quoted. Click above for month-end returns.

The Russell Midcap® Value Index measures the performance of the mid-cap value segment of the U.S. equity universe. It includes those Russell Midcap® Index companies that are considered more value-oriented relative to the overall market as defined by Russell’s leading style methodology. The Russell Midcap® Value Index is constructed to provide a comprehensive and unbiased barometer of the mid-cap value market. The index is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true mid-cap value market.

The total return performance figures presented for Class C shares of the fund represent the performance of the fund's Class A for periods prior to May 30, 2008, the inception date for Class C shares, and the performance of Class C, respectively, from that inception date. Performance reflects the applicable class' distribution/servicing fees since the inception date. Had these fees and expenses been reflected for periods prior, performance would have been different. Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

Growth of $10,000 Investment

Past performance is no guarantee of future results. Yield, share price and investment return fluctuate and an investor's shares may be worth more or less than original cost upon redemption. Current performance may be lower or higher than the performance quoted.

Historical Performance

Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

    These figures do not reflect the maximum sales charge which, if included, would reduce return.

    Yearly Total Return

    Fund 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
    DVLCX
    -18.66% 14.79% 16.62% -11.13% 8.41% 38.61% 18.45% -6.58% 24.00% 60.49%

    Investment return fluctuates and past performance is no guarantee of future results.


    Monthly Expense Ratios (Annualized)

    As of  02/28/19 Fee Description Expense Ratio (%)
    Management Fee 0.75%
    12B-1 Fee 0.75%
    Service Fee 0.25%
    Other Expenses 0.19%
    Total Expenses 1.94%

    This data is annualized. Monthly operating expenses may vary month to month.

    Redemption Charge

    As of  03/22/19  Redemption Year CDSC
    Year 1 1.00
    Class C shares are subject to a contingent deferred sales charge (CDSC) imposed on Class C shares redeemed within one year of purchase.

    Prospectus Fee Table Expense Ratios

    As of  12/31/18 Fee Description Expense Ratio (%)
    Management Fee 0.75%
    12B-1 Fee 0.75%
    Service Fee 0.25%
    Other Expenses 0.16%
    Total Expenses 1.91%

    Portfolio Manager/Sub-Investment Advisor

    The fund’s investment adviser is The Dreyfus Corporation (Dreyfus). The fund is managed by a team of portfolio managers employed by Dreyfus and Mellon Investments Corporation (Mellon), an affiliate of Dreyfus. The team consists of Patrick Kent, CFA, CMT, the lead portfolio manager, James Boyd, Brian Duncan and Dale Dutile. Mr. Kent, the lead portfolio manager for the opportunistic value strategies and head of the opportunistic value investment team at Mellon, has been the fund's primary or lead portfolio manager since March 2019. Prior to joining Mellon, Mr. Kent was a portfolio manager at Wellington Management, which he joined in 2011. Messrs. Boyd and Dutile are each managing directors, equity research analysts and portfolio managers at Mellon. Messrs. Boyd and Dutile have been portfolio managers of the fund since December 2008. Mr. Duncan is a director at Mellon and has been a portfolio manager of the fund since November 2017. Mellon investment professionals manage Dreyfus-managed funds pursuant to a dual-employee arrangement, under Dreyfus' supervision, and apply Mellon's proprietary investment process in managing the funds.

    Top Holdings

    As of  02/28/19   Holdings % Portfolio  Weight
    First Data 3.90
    Huntsman 3.76
    Cabot Oil & Gas 3.75
    Skechers U.S.A. 3.31
    Southwest Airlines 3.28
    Mylan 2.93
    Nielsen Holdings 2.70
    Jazz Pharmaceuticals 2.52
    Archer-Daniels-Midland 2.45
    PRA Health Sciences 2.42

    Portfolio composition is subject to change at any time. The holdings listed should not be considered recommendations to buy or sell a security. Large concentrations can increase share price volatility.

    Asset Allocation


        Daily Statistics

        As of  03/21/19 Name NAV Change 08/27/18  12 Month 
        High Nav
        12/24/18  12 Month 
        Low Nav
        YTD Return
        DVLCX
        $20.63
        $0.28
        1.38%
        $31.11 $16.43 17.22%

        Main Risks

        Equities are subject to market, market sector, market liquidity, issuer, and investment style risks to varying degrees.

        Small and midsized company stocks tend to be more volatile and less liquid than larger company stocks as these companies are less established and have more volatile earnings histories.

        Investing in foreign denominated and/or domiciled securities involves special risks, including changes in currency exchange rates, political, economic, and social instability, limited company information, differing auditing and legal standards, and less market liquidity. These risks generally are greater with emerging market countries.

        Risk Metrics

        As of  02/28/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DVLCX
        17.39 -8.08 1.39 80.30 0.63

        STANDARD DEVIATION - A statistical measure of dispersion around an average which depicts how widely fund returns varied over a certain period of time. A smaller standard deviation statistic indicates less variability of historic returns around a mean.

        ALPHA - A measure of a fund's actual returns compared to its expected performance, as measured by beta. A positive alpha indicates a fund outperformed what its beta would predict.

        BETA - Measures an investment's market-related risk. A beta higher than 1.0 suggests that the fund's expected return will exceeds the market's return; a beta lower than 1.0 suggests that the fund's expected return will lag the market's return.

        R-SQUARED - Reflects the percentage of a fund's movements that can be explained by movements in it's benchmark. An R-squared of 100 indicates fund movements that are perfectly correlated to those of the benchmark.

        SHARPE RATIO - The Sharpe ratio is based on a risk-adjusted measure developed by Nobel Laureate William Sharpe. It is calculated using standard deviation and excess return to determine reward per unit of risk. The higher the Sharpe ratio, the better the fund's historical risk-adjusted performance.

        Source: Morningstar, Inc.


        Dividend Schedule

        Declared
        Annually
        Distributed
        Annually
        Paid
        Annually
        Fiscal Year End
        Aug 31
        Year Dividend ($) Capital Gains ($)
        2018 0.0000 6.9275
        2017 0.0000 4.3746
        2016 0.0000 1.5001
        2015 0.0000 6.1013
        2014 0.0000 4.3436
        2013 0.0000 4.2548
        2012 0.0130 0.0000
        2011 0.1460 4.9004
        2010 0.0070 0.0000
        2009 0.1030 0.0000
        There is no guarantee that the fund will distribute any level annually. Capital gains may be short-term, long-term, or both.

        Distributions History

        (Values Listed In $) Ordinary 
        Non-Qualified 
        Dividends
        Qualified 
        Dividends
        Non-Qualified 
        Short-Term 
        Capital Gain
        Qualified 
        Short-Term 
        Capital Gain
        Long-Term 
        Capital Gain
        Total 
        Distribution
        Reinvest 
        NAV
        DVLCX
        0.0000 0.0000 2.7974 0.4080 3.7221 6.9275 18.58
        Record Date Ex-Dividend Date Payable Date
        DVLCX
        12/10/18 12/11/18 12/11/18
        (Values Listed In $) Distribution Status Ordinary 
        Non-Qualified 
        Dividends
        Qualified 
        Dividends
        Non-Qualified 
        Short-Term 
        Capital Gain
        Qualified 
        Short-Term 
        Capital Gain
        Long-Term 
        Capital Gain
        Total 
        Distribution
        Reinvest 
        NAV
        DVLCX
        Final 0.0000 0.0000 2.7974 0.4080 3.7221 6.9275 18.58
        Record Date Ex-Dividend Date Payable Date
        DVLCX
        12/10/18 12/11/18 12/11/18

        Capital gains, if any, may be short-term, long-term or a combination of both.

        Investors should consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. Download a prospectus, or a summary prospectus, if available, that contains this and other information about the fund, and read it carefully before investing.

        The performance data quoted represents past performance, which is no guarantee of future results. Share price, yield and investment return fluctuate and an investor's shares may be worth more or less than original cost upon redemption. Current performance may be lower or higher than the performance quoted. Click here to view standardized total returns and for month-end returns reflecting the fund's current performance.