Dreyfus International Small Cap Fund

Why invest in this Fund?

The fund seeks long-term growth of capital. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in common stocks and other equity securities of small cap foreign companies. The fund considers foreign companies to be those companies organized or with their principal place of business, or majority of assets or business, in countries represented in the S&P® Developed Ex-U.S. Small Cap Index, the fund's benchmark.

Min. class investment
$1,000
Class Inception Date
01/30/15
Fund Assets
$623,702,331  As of  03/18/19
Class Assets
$136,688  As of  03/18/19
Portfolio Turnover Rate
71.34%  As of fiscal year end  10/31/18
Morningstar Category
Foreign Small/Mid Blend
Benchmark
S&P Developed Ex-U.S. SmallCap Index
Fund Holdings
136  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 Foreign Small/Mid Blend category. Fund ratings are out of 5 Stars: Overall 2 Stars (90 funds rated); 3 Yrs. 2 Stars (90 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

  • Bogar, Mark A.

    Mark A. Bogar

    Portfolio Manager, Mellon Investments Corporation

    4 yr(s). on fund

  • Lydotes, James A.

    James A. Lydotes

    Mellon Investments Corporation

    4 yr(s). on fund

  • Leger, Andrew

    Andrew Leger

    Portfolio Manager, Mellon Investments Corporation

    4 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 International Small Cap Fund
DYCPX
-13.23 8.73 - - 4.90 01/30/15
S&P Developed Ex-U.S. SmallCap Index
-9.89 10.34 4.10 13.11 - -
As of  12/31/18 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus International Small Cap Fund
DYCPX
-20.75 0.94 - - 2.22 01/30/15
S&P Developed Ex-U.S. SmallCap Index
-18.41 3.88 2.78 10.00 - -
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 International Small Cap Fund
DYCPX
-13.23 28.54 - - 21.55 01/30/15
S&P Developed Ex-U.S. SmallCap Index
-9.89 34.35 22.27 242.76 - -
As of  12/31/18 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus International Small Cap Fund
DYCPX
-21.45 2.84 - - 9.01 01/30/15
S&P Developed Ex-U.S. SmallCap Index
-18.41 12.09 14.67 159.26 - -

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 S&P Developed Ex-U.S. SmallCap Index comprises the stocks representing the lowest 15% of float-adjusted market cap in each developed country excluding the U.S. It is a subset of the S&P Global BMI, a comprehensive, rules-based index measuring global stock market performance.

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
    DYCPX
    -20.75% 33.16% -2.56%

    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 1.00%
    12B-1 Fee 0.75%
    Service Fee 0.25%
    Other Expenses 0.20%
    Total Expenses 2.20%
    Expenses Reimbursed 0.05%
    Net Expenses 2.15%

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

    Redemption Charge

    As of  03/19/19  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  03/01/19 Fee Description Expense Ratio (%)
    Management Fee 1.00%
    12B-1 Fee 0.75%
    Service Fee 0.25%
    Other Expenses 0.15%
    Total Expenses 2.15%
    The fund's investment adviser, The Dreyfus Corporation, has contractually agreed, until March 1, 2020, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of the classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed 1.15%. On or after March 1, 2020, The Dreyfus Corporation may terminate this expense limitation at this time.

    Portfolio Manager/Sub-Investment Advisor

    The fund's investment adviser is The Dreyfus Corporation (Dreyfus), and the fund's sub-adviser is Mellon Investments Corporation (Mellon), an affiliate of Dreyfus. The fund is managed by a team of portfolio managers employed by Mellon. The team consists of Mark A. Bogar, CFA, James A. Lydotes, CFA, and Andrew Leger, who serve as the fund's primary portfolio managers. Mr. Bogar is a managing director, portfolio manager and head of the global equity team at Mellon. Mr. Lydotes is a managing director, portfolio manager and senior research analyst at Mellon. Mr. Leger is a director and senior research analyst at Mellon. Messrs. Bogar and Lydotes have been primary portfolio managers of the fund since its inception in January 2015, and Mr. Leger has been a primary portfolio manager of the fund since November 2015.

    Top Holdings

    As of  02/28/19   Holdings % Portfolio  Weight
    Severn Trent 1.81
    Britvic 1.64
    Italgas 1.35
    Matsumotokiyoshi Holdings 1.29
    Kindred Group 1.29
    Entertainment One 1.26
    En-Japan 1.23
    Euronext 1.21
    Stroeer SE & Co 1.21
    Swedish Orphan Biovitrum 1.20

    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  03/18/19 Name NAV Change 04/19/18  12 Month 
        High Nav
        12/24/18  12 Month 
        Low Nav
        YTD Return
        DYCPX
        $13.23
        $0.07
        0.53%
        $17.54 $11.44 11.93%

        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
        DYCPX
        13.99 -2.87 1.14 86.68 0.58

        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
        Oct 31
        Year Dividend ($) Capital Gains ($)
        2018 0.0800 1.4689
        2017 0.1590 0.0067
        2016 0.1000 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
        DYCPX
        0.0335 0.0465 0.1340 0.1857 1.1492 1.5489 11.69
        Record Date Ex-Dividend Date Payable Date
        DYCPX
        12/19/18 12/20/18 12/20/18
        (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
        DYCPX
        Final 0.0335 0.0465 0.1340 0.1857 1.1492 1.5489 11.69
        Record Date Ex-Dividend Date Payable Date
        DYCPX
        12/19/18 12/20/18 12/20/18

        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.