A BNY MELLON COMPANY

Fund Spotlight

A Large Cap Core Fund for Any Market

Particularly in times like these you need a solid foundation for a well-diversified investment plan. Dreyfus Appreciation Fund focuses on investing in high-quality companies with established records of growth, which can help the fund weather varying economic and market conditions. It has a strong historical performance record against its benchmark.

Strong Historical Peformance
Average Annual Total Returns (as of 12/31/12)


 
1-year
3-year
5-year
10-year
Since Inception
(1/18/84)
Dreyfus Appreciation Fund

10.18%


10.98%


2.27%


6.25%


10.49%

S&P/TR1

16.00%


10.87%


1.66


7.10%


NA


The performance data quoted represents past performance, which is no guarantee of future results. Share price, yield and investment return fluctuate and an investor’s shares may be worth more or less than original cost upon redemption. Current performance may be lower or higher than the performance quoted. Total expense ratio: 0.97%.

Fayez Sarofim & Co.
Fayez Sarofim & Co., sub-adviser to the fund, applies a buy-and-hold investment process that has driven the performance of their managed portfolio for more than five decades, throughout all kinds of markets.

  • The fund managers believe in the following benefits of dividend-paying stocks:
  • Potential to produce a consistent income stream, regardless of market conditions
  • Can be a powerful contributor to a stock’s total return
  • Can signal a company’s strong financial health

Fayez Sarofim & Co. looks for companies that provide predictable earnings growth and strong cash flows – characteristics of companies that are underlying indicators that a company has the ability to declare, and potentially increase, its dividend.

Learn more about Dreyfus Appreciation Fund or call 1-800-896-2648 to speak with a Dreyfus Representative.

Investors should consider the investment objectives, risks, charges and expenses of any mutual fund carefully before investing. Download a prospectus that contains this and other information about a fund, and read it carefully before investing.

There is no guarantee that dividend-paying companies will continue to pay, or increase, their dividend.

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.

 1 The Standard & Poor's 500 (S&P 500) Composite Stock Price Index is a widely accepted, unmanaged index of U.S. stock market performance.

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.

The Dreyfus Corporation serves as the fund’s investment adviser. Fayez Sarofim & Co. serves as the fund’s sub-investment adviser.