Dreyfus Select Managers Small Cap Value Fund

Why invest in this Fund?

The fund seeks capital appreciation. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in the stocks of small cap companies. The fund currently considers small cap companies to be those companies with market capitalizations that fall within the range of companies in the Russell 2000 Value Index at the time of purchase.
Min. class investment
$1,000,000
Class Inception Date
07/01/13
Class Status
Not available for purchase by individual investors.
Fund Assets
$592,634,184  As of  05/23/19
Class Assets
$575,639,722  As of  05/23/19
Portfolio Turnover Rate
58.85%  As of fiscal year end  11/30/18
Morningstar Category
Small Blend
Benchmark
Russell 2000(r) Value Index
Fund Holdings
397  As of  04/30/19

Morningstar Rating™ as of April 30, 2019 for the Class Y class shares; other classes may have different performance characteristics. Overall rating for the Small Blend category. Fund ratings are out of 5 Stars: Overall 2 Stars (629 funds rated); 3 Yrs. 3 Stars (629 funds rated); 5 Yrs. 2 Stars (525 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

  • Kolano, Stephen

    Stephen Kolano

    Head of Multi-Asset Solutions, BNY Investment Strategy & Solutions Group

    1 yr(s). on fund

  • Goncharova, Elena

    Elena Goncharova

    1 yr(s). on fund


As of  04/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Select Managers Small Cap Value Fund
DMVYX
3.32 10.93 6.02 13.37 12.94 07/01/13
Russell 2000(r) Value Index
2.19 11.46 6.94 12.87 - -
As of  03/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Select Managers Small Cap Value Fund
DMVYX
-1.09 10.00 4.66 14.42 12.59 07/01/13
Russell 2000(r) Value Index
0.17 10.86 5.59 14.12 - -
As of  04/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Select Managers Small Cap Value Fund
DMVYX
3.32 36.51 33.96 250.58 253.11 07/01/13
Russell 2000(r) Value Index
2.19 38.46 39.84 235.50 - -
As of  03/31/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus Select Managers Small Cap Value Fund
DMVYX
-1.09 33.11 25.59 284.57 238.44 07/01/13
Russell 2000(r) Value Index
0.17 36.24 31.28 274.57 - -
The Russell 2000® Value Index measures the performance of the small-cap value segment of the U.S. equity universe. It includes those Russell 2000 companies that are considered more value-oriented relative to the overall market as defined by Russell’s leading style methodology. The Russell 2000® Value Index is constructed to provide a comprehensive and unbiased barometer for the small-cap value segment. The index is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true small-cap opportunity set and that the represented companies continue to reflect value characteristics.

The total return performance figures presented for Class Y shares of the fund represent the performance of the fund's Class A for periods prior to July 01, 2013, the inception date for Class Y shares, and the performance of Class Y, 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

    Not available for purchase by individual investors.

    Yearly Total Return

    Fund 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
    DMVYX
    -14.84% 12.48% 22.23% -7.55% 3.34% 40.64% 17.66% -5.37% 27.63% 29.51%

    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 0.90%
    Other Expenses 0.05%
    Total Expenses 0.95%

    Prospectus Fee Table Expense Ratios

    As of  03/29/19 Fee Description Expense Ratio (%)
    Management Fee 0.90%
    Other Expenses 0.04%
    Total Expenses 0.94%
    The fund's investment adviser, The Dreyfus Corporation, has contractually agreed, until March 29, 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 1.05%. On or after March 29, 2020, The Dreyfus Corporation may terminate this expense limitation at any time.

    Portfolio Manager/Sub-Investment Advisor

    The Dreyfus Corporation ("Dreyfus"), the fund's investment adviser, assumes the portfolio allocation management responsibilities for evaluating and recommending subadvisers for the fund and determining the portion of the fund's assets to be managed by each subadviser. Dreyfus also is responsible for monitoring and evaluating the performance of the subadvisers for the fund and recommending to the fund's board whether a subadviser should be terminated.

    Stephen Kolano and Elena Goncharova are jointly and primarily responsible for the evaluation, recommendation and monitoring of subadvisers for the fund. Mr. Kolano is the Director of Quantitative Research & Analysis for BNY Mellon Wealth Management and President of BNY Mellon Wealth Management's Investment Strategy and Solutions Group ("ISSG"), a registered investment adviser. Ms. Goncharova is a portfolio manager and investment strategist with ISSG. Mr. Kolano and Ms. Goncharova have been employed by The Bank of New York Mellon Corporation since 2002 and 2012, respectively. Mr. Kolano and Ms. Goncharova also are employees of Dreyfus, each since 2018, and perform their responsibilities for the fund in their capacity as employees of Dreyfus. Currently, management of the fund's assets is under six sub-advisers—Thompson, Siegel and Walmsley LLC, Neuberger Berman Investment Advisers LLC, Kayne Anderson Rudnick Investment Management LLC, Channing Capital Management LLC, Eastern Shore Capital Management and Walthausen & Co. LLC.

    Top Holdings

    As of  04/30/19   Holdings % Portfolio  Weight
    Terreno Realty 1.30
    Primerica 1.19
    Charles River Laboratories International 1.18
    RBC Bearings 1.01
    Meredith 1.01
    TreeHouse Foods 0.96
    Ingevity 0.96
    MGM Growth Properties, Cl. A 0.92
    Brooks Automation 0.91
    Stifel Financial 0.91

    Asset Allocation


        Daily Statistics

        As of  05/23/19 Name NAV Change 08/31/18  12 Month 
        High Nav
        01/03/19  12 Month 
        Low Nav
        YTD Return
        DMVYX
        $20.74
        -$0.42
        -1.98%
        $27.26 $18.31 11.70%

        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.

        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.

        Multi-manager risk means each sub adviser makes investment decisions independently, and it is possible that the investment styles of the sub advisers may not complement one another. Consequently, the fund's exposure to a given stock, industry or investment style could be greater or smaller than if the fund had a single adviser.

        Risk Metrics

        As of  04/30/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DMVYX
        16.07 -6.32 1.26 72.85 0.64

        Dividend Schedule

        Declared
        Annually
        Distributed
        Annually
        Paid
        Annually
        Fiscal Year End
        Nov 30
        Year Dividend ($) Capital Gains ($)
        2019 0.0025 0.0000
        2018 0.0997 2.6920
        2017 0.0591 1.4849
        2016 0.1390 0.0202
        2015 0.2513 1.2792
        2014 0.0000 2.9193
        2013 0.1460 2.1274
        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
        DMVYX
        0.0025 0.0000 0.0000 0.0000 0.0000 0.0025 21.42
        Record Date Ex-Dividend Date Payable Date
        DMVYX
        03/18/19 03/19/19 03/19/19
        (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
        DMVYX
        Final 0.0083 0.0914 0.0256 0.2822 2.3635 2.7710 18.57
        Record Date Ex-Dividend Date Payable Date
        DMVYX
        12/28/18 12/31/18 12/31/18