Dreyfus Wins a Top 10 Lipper Fund Family Award for 3-, 5- and 10-Year Performance and the Dreyfus Family of Funds Wins Two Lipper Fund Classification Awards
Dreyfus Founders Mid-Cap Growth and Dreyfus Premier Greater China Funds Ranked #1 in Total Return Category Performance for Calendar Year 2006; Greater China Fund Also Ranked #1 for 5-Year Period in Lipper Category
NEW YORK, March 23, 2007 — The Dreyfus Corporation announced that it received a Top 10 Fund Family Award from Lipper, Inc. for 3-, 5- and 10-year performance and that two of its funds had been honored by Lipper with prestigious Fund Classification Awards by achieving the number one total return rankings in their respective Lipper categories for calendar year 2006.
"Our goal has always been to offer investments that deliver consistently superior performance over a wide variety of asset classes and investment styles," said Thomas F. Eggers, Dreyfus president and chief executive officer. "We are very pleased to be recognized by Lipper for our success in meeting investor needs."
Dreyfus Founders Mid-Cap Growth Fund (Class R shares) was the top-ranked fund for total return in the Lipper Mid-Cap Growth Funds Category for the one-year period ended December 31, 2006 (out of the 621 funds). Class R shares ranked 21 out of 385 funds for the 5-year period. Founders Asset Management LLC (Founders) is the investment adviser to the fund. The Fund's primary portfolio manager is Daniel Crowe of The Boston Company Asset Management, who manages the Fund for Founders as a dual employee. He uses a research-intensive bottom-up approach to identify mid-cap companies with superior earnings growth potential.
Dreyfus Premier Greater China Fund (Class R shares) was the top-ranked fund for total return in the Lipper China Region Funds Category for the one- and five-year periods ended December 31, 2006 (out of the 46 and 22 funds, respectively). The fund is sub-advised by Hong Kong-based Hamon U.S. Investment Advisors Ltd. and is managed by Hugh Simon and Adrian Au of Hamon. Hamon pursues outperformance with a nonbenchmark investment style and tactical market and sector allocation.
The awards were announced at a ceremony sponsored by Reuters, The Wall Street Journal and Investment News in New York City on March 21 and were publicized in a special section of The Wall Street Journal yesterday. Lipper Fund Awards are presented annually to funds in 21 countries in Asia, Europe and the United States. The award-winning funds are selected from among the 130,000 funds that Lipper tracks globally. Lipper Performance Achievement Certificates are awarded to funds with returns that topped their Lipper category over one or more time periods, ranging from one to 15 years, depending on their competitive universe.
The Dreyfus Corporation, established in 1951 and headquartered in New York City, is one of the nation's leading asset management companies, currently managing more than $190 billion in mutual funds, separately managed accounts, and institutional portfolios, including approximately $180 billion in mutual funds. Dreyfus Service Corporation, each fund's distributor, is a wholly-owned subsidiary of The Dreyfus Corporation.
The Dreyfus Corporation is a subsidiary of Mellon Financial Corporation, a global financial services company, and is part of Mellon Asset Management. Mellon Asset Management, with nearly $1 trillion in assets under management, is a leading global provider of investment management products and services that offer a broad range of equity, fixed-income, hedge and liquidity management products through individual asset management companies and multiple distribution channels.
Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing asset management, private wealth management, asset servicing and payment solutions and investor services. Mellon has approximately $5.5 trillion in assets under management, administration or custody, including $995 billion under management. News and other information about Mellon is available at www.mellon.com.
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The performance data quoted represents 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 the fund carefully before investing. Call your advisor for a prospectus that contains this and other information about the fund, and read it carefully before investing.
A significant portion of the Greater China Fund's performance is attributable to positive returns from IPO investments. There can be no guarantee that IPO's will have or continue to have a positive effect on the fund's performance. IPO's tend to have a reduced effect on performance as a fund's asset base grows. Mellon has a minority ownership interest in Hamon.
Lipper Overall Group Award: Fund groups with at least five equity, five bond and three mixed-asset funds are eligible for an overall group award. An overall group award will be given to the group with the lowest average decile ranking of its respective asset class results based on Lipper's methodology for determining Asset Class Awards. In cases of identical results the lower average percentile rank will determine the winner.
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.
Small and mid-cap companies involve greater risks because their earnings and revenues tend to be less predictable than those of larger and more established companies. The trading markets for their securities also may be less liquid and more volatile than securities of larger companies.
Investing internationally involves special risks, including changes in currency exchange rates, political, economic and social instability, a lack of comprehensive company information, differing auditing and legal standards and less market liquidity. These risks generally are greater with emerging market countries such as those in the Greater China region. The stock market of the Greater China region has experienced significant volatility. The Greater China Fund's regional concentration may cause the fund's performance to be more volatile than that of a globally diversified fund.