Dreyfus Japan Womenomics Fund

Why invest in this Fund?

The fund seeks long-term capital growth. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies listed or principally traded on a recognized stock exchange in Japan that, in the view of the fund's sub-adviser, benefit from the "Womenomics" initiative in Japan. This initiative seeks to enhance economic growth through the general economic empowerment of women and includes efforts to ease barriers to female employment outside the home, promote women to leadership positions, and close the gender pay gap. The fund invests principally in common stocks, and may invest in the stocks of companies with any market capitalization.
Min. class investment
Class Inception Date
Fund Assets
$2,224,830  As of  03/15/19
Class Assets
$221,048  As of  03/15/19
Morningstar Category
Japan Stock
Fund Holdings
51  As of  02/28/19

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.

As of  02/28/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Japan Womenomics Fund
- - - - - 09/13/18
As of  12/31/18 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Japan Womenomics Fund
- - - - - 09/13/18
As of  02/28/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Japan Womenomics Fund
- - - - -10.00 09/13/18
As of  12/31/18 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Japan Womenomics Fund
- - - - -13.52 09/13/18

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.

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 11.89%
Total Expenses 13.64%
Expenses Reimbursed 11.64%
Net Expenses 2.00%

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

Redemption Charge

As of  03/18/19  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  09/12/18 Fee Description Expense Ratio (%)
Management Fee 0.75%
12B-1 Fee 0.75%
Service Fee 0.25%
Other Expenses 0.40%
Total Expenses 2.15%
Expenses Reimbursed 0.15%
Net Expenses 2.00%
The fund's investment adviser, The Dreyfus Corporation, has contractually agreed, until September 1, 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 1.00%. On or after September 1, 2019, The Dreyfus Corporation may terminate this expense limitation at any time.

Portfolio Manager/Sub-Investment Advisor

The fund's investment adviser is The Dreyfus Corporation (Dreyfus). Dreyfus has engaged its affiliate, BNY Mellon Asset Management Japan Limited (BNYMAM Japan), to serve as the fund's sub-investment adviser. The fund is managed by a team of investment professionals employed by BNYMAM Japan, consisting of Makiko Togari, Miyuki Kashima, Masafumi Oshiden, Kazuya Kurosawa and Yoshihiro Aoyama. Mses. Togari and Kashima and Messers. Oshiden and Kurosawa have managed the fund since the fund's inception in August 2018, and Mr. Aoyama has managed the fund since March 2019. Ms. Togari is the lead portfolio manager of the fund and the Japan Equity Womenomics Strategy at BNYMAM Japan. Ms. Kashima is head of the Japan Equity Investment Division at BNYMAM Japan. Messrs. Oshiden and Kurosawa are investment managers and Mr. Aoyama is an analyst at BNYMAM Japan.

Top Holdings

As of  02/28/19   Holdings % Portfolio  Weight
Nidec 3.46
AEON Delight 3.18
S Foods 3.14
Daikin Industries 3.10
Santen Pharmaceutical 2.97
Penta-Ocean Construction 2.95
Arata 2.90
Nippon Telegraph And Telephone 2.87
JINS 2.82

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  03/15/19 Name NAV Change 09/26/18  12 Month 
      High Nav
      12/24/18  12 Month 
      Low Nav
      YTD Return
      $13.16 $10.38 2.22%

      Main Risks

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

      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.

      The fund's performance will be influenced by political, social and economic factors affecting Japan.

      As a result, the fund's performance could be more volatile than that of more geographically diversified mutual funds. The sub-adviser's investment approach may cause the fund to perform differently than mutual funds that invest in equity securities of Japanese companies, but that do not take into consideration the initiative in Japan to promote the general economic empowerment of women when selecting stocks for investment.

      Risk Metrics

      As of  02/28/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
      - - - - -

      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

      Fiscal Year End
      Jul 31