Dreyfus Balanced Opportunity Fund

Why invest in this Fund?

The fund seeks high total return through a combination of capital appreciation and current income. To pursue this goal, the fund invests in a diversified mix of stocks and fixed-income securities. The fund selects securities that, in the portfolio managers' judgment, will result in the highest total return consistent with preservation of principal. The fund normally will allocate between 25% and 50% of its assets to fixed-income securities.

Min. class investment
$1,000
Class Inception Date
01/30/04
Fund Assets
$304,342,998  As of  12/18/18
Class Assets
$226,227,783  As of  12/18/18
Portfolio Turnover Rate
97.15%  As of fiscal year end  11/30/17
Morningstar Category
Allocation--50% to 70% Equity
Morningstar Overall Rating
Fund Holdings
304  As of  11/30/18

Morningstar Rating™ as of November 30, 2018 for the Class A class shares; other classes may have different performance characteristics. Overall rating for the Allocation--50% to 70% Equity category. Fund ratings are out of 5 Stars: Overall 4 Stars (702 funds rated); 3 Yrs. 4 Stars (702 funds rated); 5 Yrs. 4 Stars (620 funds rated); 10 Yrs. 3 Stars (450 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.

Portfolio Managers

  • Bowser, David R.

    David R. Bowser

    Portfolio Manager, BNY Mellon AMNA

    10 yr(s). on fund

  • Ferguson, Brian C.

    Brian C. Ferguson

    Portfolio Manager, BNY Mellon AMNA

    11 yr(s). on fund

  • Bailer, John

    John Bailer

    Senior Portfolio Manager, BNY Mellon AMNA

    26 yr(s). in industry

    3 yr(s). on fund

  • Dagioglu, Vassilis

    Vassilis Dagioglu

    Managing Director, Head of Asset Allocation Portfolio Management, BNY Mellon AMNA

    0 yr(s). on fund

  • Bogar, Mark A.

    Mark A. Bogar

    Portfolio Manager, BNY Mellon AMNA

    2 yr(s). on fund

  • Lydotes, James A.

    James A. Lydotes

    BNY Mellon AMNA

    2 yr(s). on fund

  • Leger, Andrew

    Andrew Leger

    Portfolio Manager, BNY Mellon AMNA

    2 yr(s). on fund

  • DeFina, George E.

    George E. DeFina

    Portfolio Manager, BNY Mellon AMNA

    3 yr(s). on fund

  • Zaches, Torrey

    Torrey Zaches

    Portfolio Manager, BNY Mellon AMNA

    0 yr(s). on fund


Click here to see SALES CHARGE  Max Sales Charge:  5.75% Front End Load
As of  11/30/18 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Balanced Opportunity Fund
DBOAX
-2.70 4.83 5.04 9.17 7.89 01/30/04
As of  09/30/18 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Balanced Opportunity Fund
DBOAX
10.84 10.46 8.27 8.11 8.28 01/30/04
Click here to see SALES CHARGE  Max Sales Charge:  5.75% Front End Load
As of  11/30/18 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Balanced Opportunity Fund
DBOAX
-2.70 15.21 27.85 140.38 1,011.21 01/30/04
As of  09/30/18 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Balanced Opportunity Fund
DBOAX
4.46 27.04 40.23 105.53 1,057.16 01/30/04

The performance data quotes 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 total return performance figures presented for Class A shares of the fund represent the performance of the fund's Class J for periods prior to January 30, 2004, the inception date for Class A shares, and the performance of Class A, 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

Historical Performance

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

    Yearly Total Return

    Fund 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
    DBOAX
    11.53% 10.00% -0.55% 7.41% 21.01% 13.53% -1.78% 13.23% 22.17% -27.94%

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


    Monthly Expense Ratios (Annualized)

    As of  11/30/18 Fee Description Expense Ratio (%)
    Management Fee 0.80%
    Service Fee 0.25%
    Other Expenses 0.18%
    Total Expenses 1.23%
    Expenses Reimbursed 0.03%
    Net Expenses 1.20%

    Prospectus Fee Table Expense Ratios

    As of  03/29/18 Fee Description Expense Ratio (%)
    Management Fee 0.80%
    Service Fee 0.25%
    Other Expenses 0.21%
    Total Expenses 1.26%
    Expenses Reimbursed 0.06%
    Net Expenses 1.20%
    The fund's investment adviser, The Dreyfus Corporation, has contractually agreed, until March 29, 2019, 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 0.95%. On or after March 29, 2019, The Dreyfus Corporation may terminate this expense limitation at this time.

    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 Manager/Sub-Investment Advisor

    The fund's investment adviser is The Dreyfus Corporation. Vassilis Dagioglu and Torrey Zaches are the fund's co-primary asset allocation portfolio managers, positions they have held since November 2018. Brian Ferguson, John C. Bailer, George E. DeFina, Mark A. Bogar, CFA, James A. Lydotes, CFA, and Andrew Leger are the fund's primary equity portfolio managers. Mr. Ferguson has held this position since March 2007, Messrs. Bailer and DeFina have held this position since December 2015, and Messrs. Bogar, Lydotes and Leger have held this position since September 2016. David Bowser, CFA, is the fund's primary fixed-income portfolio manager, a position he has held since March 2008. BNY Mellon Asset Management North America Corporation investment professionals manage Dreyfus-managed funds pursuant to a dual-employee arrangement, under Dreyfus' supervision, and apply their firm's proprietary investment process in managing the funds.

    Top Holdings

    As of  11/30/18   Holdings % Portfolio  Weight
    U.S. Treasury Note 2.375% 04/15/2021 4.16
    U.S. Treasury Note 2.75% 02/15/2028 2.58
    U.S. Treasury Note 2.5% 03/31/2023 2.52
    Berkshire Hathaway, Cl. B 2.50
    JPMorgan Chase & Co. 2.46
    Cisco Systems 2.25
    Merck & Co. 2.11
    Verizon Communications 2.10
    Bank Of America 1.56
    Microsoft 1.50

    Asset Allocation


        Daily Statistics

        As of  12/18/18 Name NAV Change 09/21/18  12 Month 
        High Nav
        12/18/18  12 Month 
        Low Nav
        YTD Return
        DBOAX
        $22.02
        -$0.02
        -0.09%
        $24.27 $22.02 -3.46%

        Performance Metrics

        Overall Morningstar Rating


        MORNINGSTAR CATEGORY Allocation--50% to 70% Equity


        Morningstar Rating™ as of 11/30/18 for the Class A shares; other classes may have different performance characteristics. Overall rating for the Allocation--50% to 70% Equity. Fund ratings are out of 5 Stars: Overall 4 Stars (1772 funds rated); 3 Yrs. 4 Stars (702 funds rated); 5 Yrs. 4 Stars (620 funds rated); 10 Yrs. 3 Stars (450 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
          51 out of 490
        • 3 Year
          156 out of 445
        • 5 Year
          107 out of 399
        • 10 Year
          152 out of 305

        LIPPER CLASSIFICATION Mixed-Asset Target Alloc Growth Funds


        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

        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.

        Bonds are subject to interest rate, credit, liquidity, call and market risks, to varying degrees. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines.

        Risk Metrics

        As of  11/30/18, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DBOAX
        7.07 0.03 1.06 79.99 0.83

        Dividend Schedule

        Declared
        Annually
        Distributed
        Annually
        Paid
        Annually
        Fiscal Year End
        Nov 30
        Year Dividend ($) Capital Gains ($)
        2017 0.2040 0.9310
        2016 0.2330 0.0000
        2015 0.1880 0.9769
        2014 0.1830 1.7169
        2013 0.1850 0.2787
        2012 0.2340 0.0000
        2011 0.2340 0.0000
        2010 0.2370 0.0000
        2009 0.2550 0.0000
        2008 0.3820 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
        DBOAX
        0.0591 0.1449 0.0475 0.1165 0.7670 1.1350 22.81
        Record Date Ex-Dividend Date Payable Date
        DBOAX
        12/28/17 12/29/17 12/29/17
        (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
        DBOAX
        Estimated 0.0852 0.0000 0.1971 0.0000 1.4087 1.6910 -
        Record Date Ex-Dividend Date Payable Date
        DBOAX
        12/28/18 12/31/18 12/31/18