Two Dreyfus Funds Earn Top Morningstar Ratings and Receive Lipper Accolades
January 27 2010 - 8:15AM
PR Newswire (US)
Global Stock Fund (Class I) Earns 5-Star Overall Rating from
Morningstar and #1 Global Large Cap Growth Fund Lipper Ranking;
International Stock Fund (Class I) Earns 5-Star Overall Rating from
Morningstar and is Among the Top Ranked Funds in its Lipper
Category NEW YORK, Jan. 27 /PRNewswire-FirstCall/ -- Two Dreyfus
funds sub-advised by Walter Scott & Partners Limited achieved
the highest 5-Star Overall Rating from Morningstar for the
three-year period ended 12/31/09*. Both funds were launched three
years ago. Global Stock Fund (Class I) also is ranked number one in
Lipper's Global Large Cap Growth Funds category for total return
for the three - year period ended December 31, 2009; International
Stock Fund (Class I) is the number three ranked fund for total
return in Lipper's International Large Cap Growth Funds category
for the same period. Both The Dreyfus Corporation and Walter Scott
are part of BNY Mellon Asset Management. "Global Stock Fund and
International Stock Fund seek to invest in companies with the best
prospects for long-term wealth generation, wherever they exist,"
said Jonathan R. Baum, chairman and CEO of The Dreyfus Corporation.
"Given the top ratings awarded by Morningstar, it is evident that
the Walter Scott investment process sets these funds apart. As the
advisor and distributor for these funds which are well aligned to
the needs of today's investor, Dreyfus couldn't be more proud of
these investment offerings," Baum concluded. Global Stock Fund
Global Stock Fund is classified in Lipper's Global Large-Cap Growth
Funds category. The Fund's Class I shares ranked number one for
total return for the three-year period ended 12/31/09 out of 75
funds in the category. The Fund's Class I shares ranked number 42
for total return for the one-year period ended 12/31/09 out of 102
funds in the category. Global Stock A-share class was awarded an
initial Morningstar Overall Rating of 4 Stars; the I -Share class
was awarded 5 Stars out of 866 funds in the Morningstar World Stock
category. Global Stock Fund seeks long-term total return and
normally invests at least 80% of its assets in stocks. The Fund's
investments will be focused on companies located in the developed
markets, such as the United States, Canada, Japan, Australia, Hong
Kong and Western Europe. International Stock Fund International
Stock Fund is classified in Lipper's International Large-Cap Growth
Funds category. Class I shares were ranked number three for total
return for the three-year period ended 12/31/09 out of 131 funds in
the category. Both the Fund's A-Share and I-share classes were
awarded a 5-Star Overall Rating from Morningstar out of 869 funds
in the Foreign Large Blend category. International Stock Fund seeks
long-term total return and normally invests at least 80% of its
assets in stocks The Fund normally invests primarily in foreign
companies located in the developed markets, such as Canada, Japan,
Australia, Hong Kong and Western Europe. Same Investment Process
for Global Stock and International Stock Funds The Funds'
sub-investment adviser, Walter Scott & Partners Limited, seeks
investment opportunities in companies with fundamental strengths
that indicate the potential for sustainable growth. Walter Scott
focuses on individual stock selection, building each fund's
portfolio from the bottom up through extensive fundamental
research. The investment process begins with the screening of
reported company financials. Companies that meet certain broad
absolute and trend criteria are candidates for more detailed
financial analysis. For these companies, Walter Scott restates the
company's income statement, flow of funds, and balance sheet to a
cash basis. This analysis assists Walter Scott in identifying the
nature of operating margin and value added, the variables
contributing to value added, the operating efficiencies, the
working capital management, the profitability and the financing
model of the company. If a company passes Walter Scott's more
stringent financial criteria, Walter Scott then conducts a detailed
investigation of the company's products, cost and pricing,
competition and industry position and outlook. Companies that meet
the collective criteria of Walter Scott are visited with a view to
understanding whether the company has the ability to generate
sustained growth in the future. Walter Scott uses various valuation
measures, including price-to-earnings ratio versus growth rate,
price-to-cash and price-to-book. The Funds ordinarily invest in at
least three foreign countries, and, at times, may invest a
substantial portion of its assets in a single foreign country. Each
fund may invest in the securities of companies of any market
capitalization. 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 each
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 one of
the funds. Read it carefully before investing. Class I shares are
available only to certain eligible investors. Class A shares are
broadly available to investors. Equity funds are subject generally
to market, market sector, market liquidity, issuer and investment
style risks, among other factors, to varying degrees, all of which
are more fully described in the fund's prospectus. Investing
internationally involves special risks, including changes in
currency exchange rates, political and economic instability, less
market liquidity, lack of comprehensive company information, and
differing auditing and legal standards. Higher investment
concentrations can increase a fund's share price volatility. Walter
Scott and Dreyfus are affiliated BNY Mellon Asset Management
companies and subsidiaries of The Bank of New York Mellon
Corporation. *Source: Morningstar Inc. Ratings are calculated using
a formula that measures the amount of variation in a fund's
performance, and which gives more emphasis to downward variations.
Ratings are subject to change every month. The top 10% of the funds
in a category receive five stars, the next 22.5% receive four
stars; the next 35% three stars, the next 22.5% two stars and the
last 10% one star. Ratings reflect sales loads. Global Stock Fund
(A and I shares) and International Stock Fund (A and I shares)
received 4 and 5 , and 5 and 5 stars, respectively, for the
three-year period ended 12/31/09 among 866 and 869 funds in the
Morningstar World Stock and Foreign Large Blend categories,
respectively. Notes to Editors: The Dreyfus Corporation,
established in 1951 and headquartered in New York City, is one of
the nation's leading asset management and distribution companies,
currently managing more than $400 billion in mutual funds and
separately managed accounts. Walter Scott & Partners Limited is
one of BNY Mellon Asset Management's specialist asset managers.
Established in 1983 in Edinburgh, Walter Scott & Partners
Limited is a classical, fundamental and long-term global equity
investment management firm that manages portfolios for
institutional clients drawn from around the world. With over $32
billion of assets under management, the company manages global,
regional, single country and emerging markets mandates. BNY Mellon
Asset Management is the umbrella organization for BNY Mellon's
affiliated investment management firms and global distribution
companies. BNY Mellon is the corporate brand of The Bank of New
York Mellon Corporation. BNY Mellon is a global financial services
company focused on helping clients manage and service their
financial assets, operating in 34 countries and serving more than
100 markets. BNY Mellon is a leading provider of financial services
for institutions, corporations and high-net-worth individuals,
providing superior asset management and wealth management, asset
servicing, issuer services, clearing services and treasury services
through a worldwide client-focused team. It has $22.3 trillion in
assets under custody and administration, $1.1 trillion in assets
under management, services $12.0 trillion in outstanding debt and
processes global payments averaging $1.6 trillion per day.
Additional information is available at http://www.bnymellon.com/.
All information source BNY Mellon Asset Management as at 12/31/09.
This press release is qualified for issuance in the US only and is
for information purposes only. It does not constitute an offer or
solicitation of securities or investment services or an endorsement
thereof in any jurisdiction or in any circumstance in which such
offer or solicitation is unlawful or not authorized. This press
release is issued by BNY Mellon Asset Management to members of the
financial press and media and the information contained herein
should not be construed as investment advice. Past performance is
not a guide to future performance. A BNY Mellon Company(SM)
DATASOURCE: The Dreyfus Corporation; BNY Mellon CONTACT: Patrice M.
Kozlowski, +1-212-922-6030, Web Site: http://www.dreyfus.com/
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