Build an Investment Foundation for the Long Term
An Established Manager Investing for the Long-Term
Fayez Sarofim & Co. is sub-adviser to Dreyfus Appreciation Fund, a fund that seeks to invest in dominant businesses that have historically produced above-average earnings growth and market leadership over sustained time periods.
Founded in 1958, this established investment management firm specializes in identifying quality companies with the potential to endure and add value for its shareholders. They believe that stock price appreciation is based on earnings growth over the long term and companies that achieve sustainable growth via industry dominance.
An Investment Foundation Built to Last
In times like these, investors need a solid foundation for a well-diversified investment plan that can weather volatile markets. Dreyfus Appreciation Fund managers apply a buy-and-hold investment process that has driven the performance of their managed portfolios for more than five decades, throughout all kinds of markets. Investors have the potential for investment growth through both current income generation and capital appreciation. The fund’s managers seek to identify dominant global businesses, many of which pay dividends, which are capable of generating sustained earnings and dividend growth. They believe in the following benefits of dividend-paying stocks:
- Offer current income potential in a low yield environment for fixed income
- Historical outperformance with less risk — Companies that have consistently raised their dividend not only have outperformed the broader index, but have done so with less risk.**
- The power of investing in companies with potentially compounding dividend growth rates — Fayez Sarofim & Co. seeks to buy stocks of financially healthy companies that can increase and grow their dividends, and ultimately provide a strong compound annual growth rate over time.
- Dividends can add long-term value over time — When held over a long time frame, a growing dividend becomes a significant value and potentially creates a meaningful income stream.
The fund can serve as a cornerstone in a long-term plan because it invests in high quality, multinational companies. 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, or summary prospectus, if available, 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.
Past performance is no guarantee of future results. Yield, share price, and investment return fluctuate and an investor may receive more or less than original cost upon redemption.
*Morningstar Ratings reflect risk-adjusted performance as of 3/31/13 and are derived from a weighted average of the fund's three-, five- and 10-year )as applicable) ratings. Ratings are subject to change every month.The Ratings formula measures the amount of variation in a fund's performance and gives more emphasis to downward variations. 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.
**Data as of 12/31/12. Based on a comparison of the compound annual return and standard deviation of the Standard & Poor’s 500 Composite Stock Price Index (a widely accepted, unmanaged index of U.S. stock market performance) and the S&P 500 Dividend Aristocrats index (measures the performance of large cap, blue chip companies within the S&P 500 that have followed a policy of increasing dividends every year for at least 25 consecutive years). Investors cannot invest directly in any index. Actual investment returns will vary. Standard deviation is the statistical measure of the degree to which an individual value in a probability distribution tends to vary from the mean of the distribution.
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, 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.