Dreyfus/Newton International Equity 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 or securities convertible into common stocks (such as convertible preferred stocks, warrants and convertible bonds) of foreign companies and depositary receipts evidencing ownership in such securities. At least 75% of the fund’s net assets will be invested in countries represented in the MSCI EAFE Index.

Min. class investment
$1,000
Class Inception Date
03/31/08
Fund Assets
$1,105,301,595  As of  05/31/19
Class Assets
$5,404,276  As of  05/31/19
Portfolio Turnover Rate
31.58%  As of fiscal year end  09/30/18
Morningstar Category
Foreign Large Blend
Benchmark
MSCI EAFE(r) Index
Morningstar Overall Rating
Fund Holdings
63  As of  04/30/19

Morningstar Rating™ as of April 30, 2019 for the Class A class shares; other classes may have different performance characteristics. Overall rating for the Foreign Large Blend category. Fund ratings are out of 5 Stars: Overall 3 Stars (618 funds rated); 3 Yrs. 2 Stars (618 funds rated); 5 Yrs. 3 Stars (496 funds rated); 10 Yrs. 3 Stars (365 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.


Click here to see SALES CHARGE  Max Sales Charge:  5.75% Front End Load
As of  04/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus/Newton International Equity Fund
NIEAX
-4.50 5.39 2.14 6.79 2.96 03/31/08
MSCI EAFE(r) Index
-3.22 7.24 2.60 7.95 - -
As of  03/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus/Newton International Equity Fund
NIEAX
-12.58 2.43 0.57 6.54 2.29 03/31/08
MSCI EAFE(r) Index
-3.71 7.27 2.33 8.96 - -
Click here to see SALES CHARGE  Max Sales Charge:  5.75% Front End Load
As of  04/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus/Newton International Equity Fund
NIEAX
-4.50 17.06 11.14 92.81 47.56 03/31/08
MSCI EAFE(r) Index
-3.22 23.34 13.70 114.91 - -
As of  03/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus/Newton International Equity Fund
NIEAX
-7.25 14.01 9.17 100.00 43.32 03/31/08
MSCI EAFE(r) Index
-3.71 23.44 12.19 135.80 - -
The MSCI EAFE Index (Europe, Australasia, Far East) is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of developed markets, excluding the U.S. and Canada. Investors cannot invest directly in any index.

The total return performance figures presented for Class A shares of the fund represent the performance of the fund's Class I for periods prior to March 31, 2008, 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 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
    NIEAX
    -17.37% 28.43% -5.73% 1.41% -3.08% 17.36% 22.47% -14.79% 9.05% 21.76%

    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 0.75%
    Service Fee 0.25%
    Other Expenses 0.16%
    Total Expenses 1.16%
    Expenses Reimbursed 0.09%
    Net Expenses 1.07%

    Prospectus Fee Table Expense Ratios

    As of  02/01/19 Fee Description Expense Ratio (%)
    Management Fee 0.75%
    Service Fee 0.25%
    Other Expenses 0.14%
    Total Expenses 1.14%
    Expenses Reimbursed 0.07%
    Net Expenses 1.07%
    The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed until February 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 .82%. On or after February 1, 2020, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation at any 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 investment adviser for the fund is The Dreyfus Corporation (Dreyfus). Dreyfus has engaged its affiliate, Newton Investment Management (North America) Limited ('Newton'), to serve as the fund's sub-investment adviser. Newton provides investment advisory assistance and research and the day-to-day management of the fund's investments, subject to Dreyfus' supervision and approval. Newton is an indirect subsidiary of BNY Mellon. Paul Markham and Jeff Munroe are the fund's primary portfolio managers, positions they have held since the fund's inception and October 2012, respectively. Mr. Markham, the fund's lead portfolio manager, is an investment manager for global equities, a member of the global equity ex-U.S. model team at Newton, and also leads one of four Newton thematic focus groups at Newton, where he has been employed since 1998. Mr. Munroe is the investment leader of the global equities team and is responsible for the global equity and the global equity ex-US model teams at Newton, where he has been employed since 1993.

    Top Holdings

    As of  04/30/19   Holdings % Portfolio  Weight
    Royal Dutch Shell 3.53
    AIA Group 3.34
    Unilever 3.29
    TechnoPro Holdings 3.24
    Wolters Kluwer NV 3.06
    GlaxoSmithKline 3.01
    Roche Holding 2.83
    Sony 2.49
    Barclays 2.35
    Pan Pacific International Holdings 2.31

    Asset Allocation


        Daily Statistics

        As of  05/31/19 Name NAV Change 09/26/18  12 Month 
        High Nav
        12/24/18  12 Month 
        Low Nav
        YTD Return
        NIEAX
        $19.72
        -$0.12
        -0.60%
        $22.25 $17.92 7.88%

        Performance Metrics

        Overall Morningstar Rating


        MORNINGSTAR CATEGORY Foreign Large Blend


        Morningstar Rating™ as of 04/30/19 for the Class A shares; other classes may have different performance characteristics. Overall rating for the Foreign Large Blend. Fund ratings are out of 5 Stars: Overall 3 Stars (1479 funds rated); 3 Yrs. 2 Stars (618 funds rated); 5 Yrs. 3 Stars (496 funds rated); 10 Yrs. 3 Stars (365 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
          333 out of 487
        • 3 Year
          370 out of 433
        • 5 Year
          267 out of 363
        • 10 Year
          262 out of 289

        LIPPER CLASSIFICATION International Multi-Cap Growth


        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

        Diversification cannot assure a profit or protect against loss.

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

        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.

        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  04/30/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        NIEAX
        10.98 -2.18 0.96 84.54 0.41

        Dividend Schedule

        Declared
        Annually
        Distributed
        Annually
        Paid
        Annually
        Fiscal Year End
        Sep 30
        Year Dividend ($) Capital Gains ($)
        2018 0.3642 0.0000
        2017 0.2430 0.0000
        2016 0.1815 0.0000
        2015 0.1790 0.0000
        2014 0.3840 0.3528
        2013 0.3070 0.0000
        2012 0.2070 0.0000
        2011 0.2300 0.2451
        2010 0.1660 0.2622
        2009 0.2080 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
        NIEAX
        0.0000 0.3642 0.0000 0.0000 0.0000 0.3642 18.69
        Record Date Ex-Dividend Date Payable Date
        NIEAX
        12/13/18 12/14/18 12/14/18
        (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
        NIEAX
        Final 0.0000 0.3642 0.0000 0.0000 0.0000 0.3642 18.69
        Record Date Ex-Dividend Date Payable Date
        NIEAX
        12/13/18 12/14/18 12/14/18