Dreyfus International Bond Fund

Why invest in this Fund?

The fund seeks to maximize total return through capital appreciation and income.

To pursue this goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in fixed-income securities.

Min. class investment
$1,000
Class Inception Date
12/30/05
Class Status
Not available for purchase by individual investors.
Fund Assets
$906,074,407  As of  12/13/18
Class Assets
$730,870,830  As of  12/13/18
Portfolio Turnover Rate
118.36%  As of fiscal year end  10/31/17
Morningstar Category
World Bond
Benchmark
Bloomberg Barclays Global Aggregate ex-U.S. Index
Morningstar Overall Rating
Fund Holdings
235  As of  11/30/18
Average Effective Maturity
9.48  yr(s).  As of  11/30/18
Average Effective Duration
7.04  yr(s).  As of  11/30/18

Morningstar Rating™ as of November 30, 2018 for the Class I class shares; other classes may have different performance characteristics. Overall rating for the World Bond category. Fund ratings are out of 5 Stars: Overall 3 Stars (261 funds rated); 3 Yrs. 3 Stars (261 funds rated); 5 Yrs. 3 Stars (248 funds rated); 10 Yrs. 3 Stars (137 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

  • Leduc, David C.

    David C. Leduc

    Portfolio Manager, BNY Mellon AMNA

    8 yr(s). on fund

  • Murphy, Brendan

    Brendan Murphy

    Portfolio Manager, BNY Mellon AMNA

    7 yr(s). on fund

  • Zaleski, Scott

    Scott Zaleski

    Portfolio Manager

    0 yr(s). on fund


As of  11/30/18 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus International Bond Fund
DIBRX
-6.78 2.09 0.84 4.53 5.05 12/30/05
Bloomberg Barclays Global Aggregate ex-U.S. Index
-4.01 2.82 -0.57 2.29 - -
As of  09/30/18 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus International Bond Fund
DIBRX
-3.32 2.57 1.33 4.94 5.34 12/30/05
Bloomberg Barclays Global Aggregate ex-U.S. Index
-1.45 2.41 -0.33 2.20 - -
As of  11/30/18 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus International Bond Fund
DIBRX
-6.78 6.39 4.26 55.71 88.98 12/30/05
Bloomberg Barclays Global Aggregate ex-U.S. Index
-4.01 8.70 -2.83 25.46 - -
As of  09/30/18 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus International Bond Fund
DIBRX
-3.32 7.90 6.83 62.02 94.18 12/30/05
Bloomberg Barclays Global Aggregate ex-U.S. Index
-1.45 7.39 -1.65 24.36 - -
The Bloomberg Barclays Global Aggregate ex USD Index (Unhedged) is a flagship measure of global investment-grade debt from 24 local currency markets, excluding U.S. dollar-denominated bonds. This multi-currency benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging market issuers. Investors cannot invest directly in any index.

Growth of $10,000 Investment

Historical Performance

    Not available for purchase by individual investors.

    Yearly Total Return

    Fund 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
    DIBRX
    12.57% 1.91% -6.39% 3.96% -3.60% 9.59% 3.43% 7.72% 17.78% 11.29%

    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 0.50%
    Other Expenses 0.14%
    Total Expenses 0.64%

    Prospectus Fee Table Expense Ratios

    As of  03/01/18 Fee Description Expense Ratio (%)
    Management Fee 0.50%
    Other Expenses 0.15%
    Total Expenses 0.65%

    Portfolio Manager/Sub-Investment Advisor

    The fund's investment adviser is The Dreyfus Corporation (Dreyfus). David Leduc, CFA, Brendan Murphy, CFA, and Scott Zaleski, CFA, are the fund's primary portfolio managers, positions they have held since February 2010, May 2011 and February 2018, respectively. Mr. Leduc is Active Fixed Income Chief Investment Officer at BNY Mellon Asset Management North America Corporation (the "firm"), an affiliate of Dreyfus. Mr. Murphy is Head of Global and Multi-Sector Fixed Income at the firm. Mr. Zaleski is a senior portfolio manager at the firm. Messrs. Leduc, Murphy and Zaleski also are employees of Dreyfus. 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
    Japan Government Cpi Linked 10.49
    Australian Government 7.32
    Japan (10 Year Issue) 5.00
    UK TSY, 3.5%, 2045 3.33
    Japan (20 Year Issue) 3.10
    New Zealand Gvt ILB 3.04
    Deutschland I/L Bond 3.03
    Bonos Y Oblig Del Estado 2.64
    France (Government Of) 2.31
    UK TSY, 1 1/2%, 2047 2.17

    Asset Allocation


        Daily Statistics

        As of  12/13/18 Name 1-DAY YIELD 30-DAY YIELD 
        (UNSUBSIDIZED)
        30-DAY YIELD 
        (SUBSIDIZED)
        NAV Change 03/26/18  12 Month 
        High Nav
        11/27/18  12 Month 
        Low Nav
        YTD Return
        DIBRX
        7.30% - 2.54% $14.69
        $0.01
        0.07%
        $16.83 $14.59 -6.87%

        Performance Metrics

        Overall Morningstar Rating


        MORNINGSTAR CATEGORY World Bond


        Morningstar Rating™ as of 11/30/18 for the Class I shares; other classes may have different performance characteristics. Overall rating for the World Bond. Fund ratings are out of 5 Stars: Overall 3 Stars (646 funds rated); 3 Yrs. 3 Stars (261 funds rated); 5 Yrs. 3 Stars (248 funds rated); 10 Yrs. 3 Stars (137 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
          105 out of 113
        • 3 Year
          63 out of 91
        • 5 Year
          40 out of 87
        • 10 Year
          23 out of 45

        LIPPER CLASSIFICATION International Income 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

        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.

        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.

        High yield bonds involve increased credit and liquidity risk than higher rated bonds and are considered speculative in terms of the issuer's ability to pay interest and repay principal on a timely basis. Currencies are subject to the risk that those currencies will decline in value relative to a local currency, or, in the case of hedged positions, that the local currency will decline relative to the currency being hedged. Each of these risks could increase the fund's volatility.

        The use of derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in the underlying assets. Derivatives can be highly volatile, illiquid, and difficult to value and there is the risk that changes in the value of a derivative held by the portfolio will not correlate with the underlying instruments or the portfolio's other investments.

        Risk Metrics

        As of  11/30/18, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DIBRX
        7.44 0.88 1.30 22.86 0.17

        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
        Month/Year Dividend ($)
        10/2018 0.0760
        07/2018 0.0600
        04/2018 0.0660
        12/2017 0.5070
        All figures as of month-end. Dividend history does not reflect any capital gains that may have been paid.

        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
        DIBRX
        0.0760 0.0000 0.0000 0.0000 0.0000 0.0760 14.87
        Record Date Ex-Dividend Date Payable Date
        DIBRX
        10/31/18 11/01/18 11/01/18
        (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
        DIBRX
        Estimated 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 -
        Record Date Ex-Dividend Date Payable Date
        DIBRX
        12/26/18 12/27/18 12/27/18