Dreyfus International Bond Fund Achieves Highest Total Return Rankings
February 04 2010 - 9:50AM
PR Newswire (US)
#1 Performer in Morningstar World Bond Funds Category #1 Performer
in Lipper International Income Funds Category Maintains Highest
5-Star Overall Rating from Morningstar NEW YORK, Feb. 4
/PRNewswire-FirstCall/ -- 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,"
said 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. * 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 the category
receive five stars; the next 22.5% four stars; the next 35% three
stars; the next 22.5% two stars; and the last 10% one star. The
Fund also offers Class A and C shares that may have achieved
different ratings. *Source: Lipper. The fund's Class I shares were
ranked 20 out of 100 funds for the 1-year period ended 12/31/09,
based on total return. Lipper rankings do not take sales loads into
account. Class A and C shares have achieved lower total return
rankings. The investment adviser for the fund is The Dreyfus
Corporation. Standish Mellon Asset Management investment
professionals manage the fund under a dual-employee relationship
with Dreyfus. Standish and Dreyfus are affiliated BNY Mellon Asset
Management companies. Bond funds are subject generally to interest
rate, credit, liquidity and market risks, to varying degrees, all
of which are more fully described in the fund's prospectus.
Generally, all other factors being equal, bond prices are inversely
related to interest-rate changes, and rate increases can produce
price declines. High yield bond funds involve increased credit and
liquidity risk compared with higher-quality bond funds.
Below-investment-grade bonds are considered speculative as to the
continuing ability of an issuer to make interest payments and repay
principal. Foreign bonds are subject to special risks including
exposure to currency fluctuations, changing political and economic
conditions, and potentially less liquidity. The fixed income
securities of issuers located in emerging markets can be more
volatile and less liquid than those of issuers in more mature
economies. A decline in the value of foreign currencies relative to
the U.S. dollar will reduce the value of securities held by the
fund and denominated in those currencies. Foreign currencies are
also subject to risks caused by inflation, interest rates, budget
deficits, low savings rates, political factors and government
control. 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. Standish Mellon Asset Management Company LLC,
with $63 billion of assets under management provides investment
management services across a broad spectrum of fixed income asset
classes. These include corporate credit (investment-grade and
high-yield), emerging markets debt (dollar-denominated and local
currency), core / core plus and opportunistic (U.S. and global)
strategies. The firm also includes assets managed by Standish
personnel acting as dual officers of The Dreyfus Corporation and
The Bank of New York Mellon, each a subsidiary of BNY Mellon. 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 Bank
of New York Mellon Corporation; Dreyfus CONTACT: Patrice M.
Kozlowski, +1-212-922-6030, Web Site: http://www.bnymellon.com/
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