Dreyfus International Bond Fund, managed by investment professionals at Standish Mellon Asset Management Company LLC, was the number one performer for total return in Morningstar’s US World Bond Funds category and the number one performer for total return in Lipper’s International Income Fund category out of 63 funds for the three-year period ended 12/31/09.* The Fund’s Class I shares has maintained the highest 5-Star Overall Rating from Morningstar, which was achieved among 186 funds, in Morningstar’s World Bond Funds category as of 12/31/09.
“Most impressive has been Dreyfus International Bond Fund’s consistency in each of its first four calendar years, which has spanned both up and down markets, as well as a weakening and strengthening dollar,” says Jonathan R. Baum, chairman and CEO of The Dreyfus Corporation. “As the advisor and distributor of Dreyfus International Bond Fund, we applaud the Standish portfolio management team for having delivered superior shareholder value to our investors.”
Dreyfus International Bond Fund seeks to maximize total return through capital appreciation and income and normally invests at least 80% of its assets in fixed-income securities. The Fund ordinarily invests in at least five countries other than the U.S. and, at times, may invest a substantial portion of its assets in a single foreign country. The Fund may invest up to 25% of its assets in emerging markets generally and up to 5% of its assets in any single emerging market country. Generally, the Fund seeks to maintain a portfolio with an average credit quality of investment grade, but may invest up to 25% of its assets in securities rated below investment grade. The Fund’s portfolio managers have considerable latitude in determining whether to hedge the Fund’s currency exposure and the extent of such hedging.
Ratings and rankings reflect past performance, which is no guarantee of future results. Share price and investment return fluctuate and an investor’s shares may be worth more or less than original cost upon redemption. Go to Dreyfus.com for the fund’s most recent month-end returns.
Investors should consider the investment objectives, risks, charges and expenses of a mutual fund carefully before investing. Call your advisor to obtain a prospectus that contains this and other information about the fund. Read it carefully before investing. Class I shares are available only to eligible investors. The Fund also offers Class A and Class C shares.
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