Dreyfus/Standish Global Fixed Income Fund

Why invest in this Fund?

The fund seeks to maximize total return while realizing a market level of income consistent with preserving principal and liquidity. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in U.S. dollar and non-U.S. dollar-denominated fixed-income securities of governments and companies located in various countries, including emerging markets. The fund generally invests in eight or more countries, but always invests in at least three countries, one of which may be the United States. The fund may invest up to 25% of its net assets in emerging markets generally and up to 7% of its assets in any single emerging market country.
Min. class investment
$1,000
Class Inception Date
01/01/94
Class Status
Not available for purchase by individual investors.
Fund Assets
$3,221,109,735  As of  12/13/18
Class Assets
$2,746,309,754  As of  12/13/18
Portfolio Turnover Rate
95.96%  As of fiscal year end  12/31/17
Morningstar Category
World Bond
Benchmark
Bloomberg Barclays Global Aggregate Index (Hedged)
Morningstar Overall Rating
Fund Holdings
318  As of  11/30/18
Average Effective Maturity
8.08  yr(s).  As of  11/30/18
Average Effective Duration
7  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 4 Stars (261 funds rated); 3 Yrs. 2 Stars (261 funds rated); 5 Yrs. 4 Stars (248 funds rated); 10 Yrs. 4 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

    12 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/Standish Global Fixed Income Fund
SDGIX
-1.52 1.38 2.53 5.08 5.59 01/01/94
Bloomberg Barclays Global Aggregate Index (Hedged)
0.54 2.33 3.04 3.89 - -
As of  09/30/18 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus/Standish Global Fixed Income Fund
SDGIX
-0.30 1.90 2.91 5.28 5.66 01/01/94
Bloomberg Barclays Global Aggregate Index (Hedged)
0.82 2.35 3.13 4.07 - -
As of  11/30/18 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus/Standish Global Fixed Income Fund
SDGIX
-1.52 4.20 13.32 64.11 287.52 01/01/94
Bloomberg Barclays Global Aggregate Index (Hedged)
0.54 7.15 16.14 46.47 - -
As of  09/30/18 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus/Standish Global Fixed Income Fund
SDGIX
-0.30 5.80 15.43 67.26 290.88 01/01/94
Bloomberg Barclays Global Aggregate Index (Hedged)
0.82 7.23 16.68 49.02 - -
The Bloomberg Barclays Global Aggregate Index (Hedged) is a flagship measure of global investment-grade debt from 24 local currency markets. This multi-currency benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging market issuers. Currency exposure is hedged to the U.S. dollar. Investors cannot invest directly in any index.

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

Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

Historical Performance

    Not available for purchase by individual investors.

    Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

    Yearly Total Return

    Fund 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
    SDGIX
    4.35% 2.41% -0.28% 7.85% 0.11% 9.55% 3.72% 6.02% 15.48% 7.50%

    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 0.40%
    Other Expenses 0.14%
    Total Expenses 0.54%

    Prospectus Fee Table Expense Ratios

    As of  05/01/18 Fee Description Expense Ratio (%)
    Management Fee 0.40%
    Other Expenses 0.13%
    Total Expenses 0.53%

    Portfolio Manager/Sub-Investment Advisor

    The fund's investment adviser is The Dreyfus Corporation (Dreyfus) and the fund's sub-adviser is BNY Mellon Asset Management North America Corporation, an affiliate of Dreyfus. David Leduc, CFA, Brendan Murphy, CFA, and Scott Zaleski are the fund's primary portfolio managers, positions they have held since August 2006, May 2011 and February 2018, respectively. Mr. Leduc is Active Fixed Income Chief Investment Officer at BNY Mellon Asset Management North America Corporation. Mr. Murphy is Head of Global and Multi-Sector Fixed Income at BNY Mellon Asset Management North America Corporation. Mr. Zaleski is a senior portfolio manager at BNY Mellon Asset Management North America Corporation.

    Top Holdings

    As of  11/30/18   Holdings % Portfolio  Weight
    Japan (5 Year Issue) 4.43
    New Zealand Gvt ILB 3.05
    Deutschland I/L Bond 3.01
    Japan Government Cpi Linked 2.86
    Japan (20 Year Issue) 2.14
    Japan Government Cpi Linked 1.99
    France (Government Of) 1.99
    UK TSY, 1 1/2%, 2047 1.91
    Bonos Y Oblig Del Estado 1.89
    Japan Government Cpi Linked 1.85

    Asset Allocation


        Daily Statistics

        As of  12/13/18 Name 1-DAY YIELD 30-DAY YIELD 
        (UNSUBSIDIZED)
        30-DAY YIELD 
        (SUBSIDIZED)
        NAV Change 04/17/18  12 Month 
        High Nav
        11/20/18  12 Month 
        Low Nav
        YTD Return
        SDGIX
        0.00% - 2.49% $20.91
        $0.03
        0.14%
        $21.55 $20.76 -1.22%

        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 4 Stars (646 funds rated); 3 Yrs. 2 Stars (261 funds rated); 5 Yrs. 4 Stars (248 funds rated); 10 Yrs. 4 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
          71 out of 197
        • 3 Year
          132 out of 176
        • 5 Year
          29 out of 164
        • 10 Year
          32 out of 90

        LIPPER CLASSIFICATION Global 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.

        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
        SDGIX
        2.37 0.17 0.59 45.84 0.15

        Dividend Schedule

        Declared
        Quarterly
        Distributed
        Quarterly
        Paid
        Quarterly
        Fiscal Year End
        Dec 31
        Month/Year Dividend ($)
        09/2018 0.1840
        06/2018 0.0132
        03/2018 0.0140
        12/2017 0.2880
        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
        SDGIX
        0.1840 0.0000 0.0000 0.0000 0.0000 0.1840 20.97
        Record Date Ex-Dividend Date Payable Date
        SDGIX
        09/27/18 09/28/18 09/28/18
        (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
        SDGIX
        Estimated 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 -
        Record Date Ex-Dividend Date Payable Date
        SDGIX
        12/28/18 12/31/18 12/31/18