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
$1,000,000
Class Inception Date
09/30/16
Class Status
Not available for purchase by individual investors.
Fund Assets
$302,790,597  As of  05/31/19
Class Assets
$3,617,424  As of  05/31/19
Portfolio Turnover Rate
98.95%  As of fiscal year end  11/30/18
Morningstar Category
Allocation--50% to 70% Equity
Fund Holdings
328  As of  04/30/19

Portfolio Managers

  • Bowser, David R.

    David R. Bowser

    Portfolio Manager, Mellon Investments Corporation

    11 yr(s). on fund

  • Ferguson, Brian C.

    Brian C. Ferguson

    Portfolio Manager, Mellon Investments Corporation

    12 yr(s). on fund

  • Bailer, John

    John Bailer

    Senior Portfolio Manager, Mellon Investments Corporation

    27 yr(s). in industry

    4 yr(s). on fund

  • Dagioglu, Vassilis

    Vassilis Dagioglu

    Managing Director, Head of Asset Allocation Portfolio Management, Mellon Investments Corporation

    1 yr(s). on fund

  • Bogar, Mark A.

    Mark A. Bogar

    Portfolio Manager, Mellon Investments Corporation

    3 yr(s). on fund

  • Lydotes, James A.

    James A. Lydotes

    Mellon Investments Corporation

    3 yr(s). on fund

  • Leger, Andrew

    Andrew Leger

    Portfolio Manager, Mellon Investments Corporation

    3 yr(s). on fund

  • DeFina, George E.

    George E. DeFina

    Portfolio Manager, Mellon Investments Corporation

    4 yr(s). on fund

  • Zaches, Torrey

    Torrey Zaches

    Portfolio Manager, Mellon Investments Corporation

    1 yr(s). on fund


As of  04/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Balanced Opportunity Fund
DBOYX
8.34 9.19 7.06 10.51 8.27 09/30/16
As of  03/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Balanced Opportunity Fund
DBOYX
5.36 8.72 6.31 10.97 8.19 09/30/16
As of  04/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Balanced Opportunity Fund
DBOYX
8.34 30.19 40.67 171.73 1,184.37 09/30/16
As of  03/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Balanced Opportunity Fund
DBOYX
5.36 28.52 35.82 183.11 1,145.19 09/30/16

The total return performance figures for Class Y of the fund represent the performance of the fund's Class I shares for periods prior to September 30, 2016, the inception date for Class Y, and the performance of the fund's Class J shares for periods prior to January 30, 2004. 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

    Not available for purchase by individual investors.

    Yearly Total Return

    Fund 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
    DBOYX
    -3.92% 11.82% 10.24% -0.29% 7.68% 21.26% 13.84% -1.53% 13.57% 22.54%

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


    Monthly Expense Ratios (Annualized)

    As of  04/30/19 Fee Description Expense Ratio (%)
    Management Fee 0.80%
    Other Expenses 0.12%
    Total Expenses 0.92%

    Prospectus Fee Table Expense Ratios

    As of  04/01/19 Fee Description Expense Ratio (%)
    Management Fee 0.80%
    Other Expenses 0.29%
    Total Expenses 1.09%
    Expenses Reimbursed 0.14%
    Net Expenses 0.95%
    The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until April 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 .95%. On or after April 1, 2020, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation at any time.

    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. Mellon Investments Corporation investment professionals manage Dreyfus-managed funds pursuant to a dual-employee arrangement, under Dreyfus' supervision, and apply Mellon's proprietary investment process in managing the funds.

    Top Holdings

    As of  04/30/19   Holdings % Portfolio  Weight
    United States Treasury Note/Bond, 2.625%, 12/15/2021 3.39
    JPMorgan Chase & Co. 2.56
    Berkshire Hathaway, Cl. B 2.36
    Cisco Systems 2.15
    AT&T 1.76
    Microsoft 1.76
    Bank Of America 1.64
    Citigroup 1.63
    Alphabet, Cl. C 1.57
    Merck & Co. 1.51

    Asset Allocation


        Daily Statistics

        As of  05/31/19 Name NAV Change 09/21/18  12 Month 
        High Nav
        01/03/19  12 Month 
        Low Nav
        YTD Return
        DBOYX
        $21.26
        -$0.18
        -0.84%
        $24.35 $19.73 7.61%

        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  04/30/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DBOYX
        7.75 0.01 1.14 81.66 1.00

        Dividend Schedule

        Declared
        Annually
        Distributed
        Annually
        Paid
        Annually
        Fiscal Year End
        Nov 30
        Year Dividend ($) Capital Gains ($)
        2019 0.0000 0.0606
        2018 0.3334 1.6300
        2017 0.2590 0.9310
        2016 0.2830 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
        DBOYX
        0.0000 0.0000 0.0013 0.0000 0.0593 0.0606 21.57
        Record Date Ex-Dividend Date Payable Date
        DBOYX
        03/19/19 03/20/19 03/20/19
        (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
        DBOYX
        Final 0.1373 0.1961 0.0991 0.1414 1.3895 1.9634 19.98
        Record Date Ex-Dividend Date Payable Date
        DBOYX
        12/28/18 12/31/18 12/31/18