Dreyfus Worldwide Growth Fund

Overview

Why invest in this Fund?

The fund seeks long-term capital growth consistent with the preservation of capital; current income is a secondary goal. To pursue its goals, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in the common stock of U.S. and foreign companies. The fund focuses on "blue chip" multinational companies with total market values of more than $5 billion. These are large, established, globally managed companies that manufacture and distribute their products and services throughout the world.
Min. class investment
$1,000
Class Inception Date
07/15/93
Fund Assets
$721,437,926  As of  04/25/19
Class Assets
$505,698,135  As of  04/25/19
Portfolio Turnover Rate
4.52%  As of fiscal year end  10/31/18
Morningstar Category
World Large Stock
Benchmark
MSCI World Index
Morningstar Overall Rating
Fund Holdings
50  As of  03/31/19

Morningstar Rating™ as of March 31, 2019 for the Class A class shares; other classes may have different performance characteristics. Overall rating for the World Large Stock category. Fund ratings are out of 5 Stars: Overall 4 Stars (732 funds rated); 3 Yrs. 4 Stars (732 funds rated); 5 Yrs. 4 Stars (617 funds rated); 10 Yrs. 4 Stars (370 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.

Performance

Average Annual Returns

Click here to see SALES CHARGE  Max Sales Charge:  5.75% Front End Load

Month End

As of  03/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Worldwide Growth Fund
PGROX
 1.55 9.22 6.49 11.86 8.24 07/15/93
MSCI World Index
 4.01 10.68 6.78 12.38 - -

Quarter End

As of  03/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Worldwide Growth Fund
PGROX
 7.75 11.39 7.76 12.53 8.49 07/15/93
MSCI World Index
 4.01 10.68 6.78 12.38 - -

Cumulative Returns

Click here to see SALES CHARGE  Max Sales Charge:  5.75% Front End Load

Month End

As of  03/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Worldwide Growth Fund
PGROX
 1.55 30.27 36.91 206.73 665.50 07/15/93
MSCI World Index
 4.01 35.60 38.80 221.33 - -

Quarter End

As of  03/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Worldwide Growth Fund
PGROX
 1.55 30.27 36.91 206.73 665.50 07/15/93
MSCI World Index
 4.01 35.60 38.80 221.33 - -

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 MSCI World Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of developed markets. Investors cannot invest directly in any index.

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

Average Annual Returns After Taxes

As of  03/31/19 1 YR 5 YRS 10 YRS
Return after taxes on distributions -1.29% 4.31% 10.45%
Return after taxes on distributions and sale of fund shares 2.66% 4.82% 9.71%

After-tax returns are calculated using the highest historical individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown here and are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

Return after taxes on distributions (pre-liquidation) assume an investor held shares throughout the measurement period and reflect the effect of taxable distributions (assuming reinvestment in the fund) by a fund to its shareholders.

Return after taxes on distributions and sale of fund shares (post-liquidation) assume an investor sold shares at the end of the measurement period and, therefore, reflect the effect of both taxable distributions and any taxable gain or loss realized by the shareholder upon sale of fund shares.

Growth of $10,000 Investment

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

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.

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

    Yearly Total Return

    Yearly

    Fund 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
    PGROX
    		 -8.67% 27.04% 7.05% -2.08% 4.63% 18.71% 13.41% 6.76% 11.88% 22.40%

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

    Fees & Expenses

    Monthly Expense Ratios (Annualized)

    As of  03/31/19 Fee Description Expense Ratio (%)
    Management Fee 0.75%
    Service Fee 0.25%
    Other Expenses 0.14%
    Total Expenses 1.14%

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

    Prospectus Fee Table Expense Ratios

    As of  03/01/19 Fee Description Expense Ratio (%)
    Management Fee 0.75%
    Service Fee 0.25%
    Other Expenses 0.17%
    Total Expenses 1.17%

    Sales Charge

    Investment Amount Sales Charge
    Less than $50,000 5.75%
    Less than $100,000 4.50%
    Less than $250,000 3.50%
    Less than $500,000 2.50%
    Less than $1,000,000 2.00%
    Over $1,000,000 0.00%
    There is a 1% CDSC for purchases of $1,000,000 and over if redeemed within one year of purchase.
    Portfolio

    Portfolio Manager/Sub-Investment Advisor

    The fund's investment adviser is The Dreyfus Corporation (Dreyfus) and the fund's sub-investment adviser is Fayez Sarofim & Co. (Sarofim & Co.). The fund is managed by a team of portfolio managers employed by Sarofim & Co., consisting of Fayez Sarofim, Catherine Crain, Gentry Lee, Christopher Sarofim and Charles Sheedy. The team is supported by Sarofim & Co.'s Investment Committee, all the members of which are senior investment professionals at Sarofim & Co. The team members hold the following positions at Sarofim & Co.: Mr. Fayez Sarofim is Chairman of the Board and Co-Chief Investment Officer, Mr. Christopher Sarofim is a Vice Chairman, Mr. Lee is Chief Executive Officer and Co-Chief Investment Officer, Mr. Sheedy is a Senior Vice President and Ms. Crain is a Vice President and Director of Marketing and Client Services. Messrs. Fayez Sarofim and Christopher Sarofim have been portfolio managers of the fund since July 1993 (the fund’s inception) and April 1997, respectively. Mr. Sheedy and Ms. Crain have been portfolio managers of the fund since October 2000. Mr. Lee has been a portfolio manager of the fund since November 2010.

    Top Holdings

    As of  03/31/19   Holdings % Portfolio  Weight
    Microsoft 6.18
    Apple 5.43
    Facebook, Cl. A 4.90
    L'Oreal, ADR 4.51
    Visa, Cl. A 3.59
    Alphabet, Cl. C 3.35
    Texas Instruments 3.34
    LVMH Moet Hennessy Louis Vuitton 3.29
    Philip Morris International 3.28
    Exxon Mobil 3.16

    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

        Stats & Risks

        Daily Statistics

        As of  04/25/19 Name NAV Change 07/25/18  12 Month 
        High Nav        		 12/24/18  12 Month 
        Low Nav        		 YTD Return
        PGROX
        		 $51.59
        $0.17
        0.33%
        		 $55.57 $40.97 19.11%

        Performance Metrics

        Overall Morningstar Rating

        MORNINGSTAR CATEGORY World Large Stock

        Morningstar Rating™ as of 03/31/19 for the Class A shares; other classes may have different performance characteristics. Overall rating for the World Large Stock. Fund ratings are out of 5 Stars: Overall 4 Stars (1719 funds rated); 3 Yrs. 4 Stars (732 funds rated); 5 Yrs. 4 Stars (617 funds rated); 10 Yrs. 4 Stars (370 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. © 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.

        Lipper Rankings

        • 1 Year
          58 out of 146
        • 3 Year
          91 out of 128
        • 5 Year
          52 out of 103
        • 10 Year
          42 out of 61

        LIPPER CLASSIFICATION Global Large-Cap Growth

        Lipper Category returns and rankings are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns. Rankings do not reflect sales loads

        Past performance is no guarantee of future results. Source: Lipper Inc., Rankings are based on total return and do not reflect sales loads.

        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.

        A concentration of companies in a narrow sector could cause performance to be more volatile than funds invested in a broader range of industries.

        Risk Metrics

        As of  03/31/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        PGROX
        		 9.80 4.63 0.76 68.05 1.02

        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.

        Distributions

        Dividend Schedule

        Declared
        Qtry (May, Aug, Nov, Dec)
        Distributed
        Qtry (May, Aug, Nov, Dec)
        Paid
        Qtry (May, Aug, Nov, Dec)
        Fiscal Year End
        Oct 31
        Year Dividend ($) Capital Gains ($)
        2018 0.5547 5.4716
        2017 0.6817 6.5189
        2016 0.6451 3.2729
        2015 0.7399 3.3480
        2014 0.8910 1.1753
        2013 0.7649 0.0000
        2012 0.6700 0.2000
        2011 0.4280 1.0891
        2010 0.7890 0.8744
        2009 0.7120 0.7480
        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
        PGROX
        		 0.0000 0.1281 0.0000 0.0096 5.4620 5.5997 45.46
        Record Date Ex-Dividend Date Payable Date
        PGROX
        		 12/12/18 12/13/18 12/13/18
        (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
        PGROX
        		 Final 0.0000 0.1281 0.0000 0.0096 5.4620 5.5997 45.46
        Record Date Ex-Dividend Date Payable Date
        PGROX
        		 12/12/18 12/13/18 12/13/18

        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.

        Literature