A BNY MELLON COMPANY

Fund Spotlight

Just over 20 years ago, fixed income issurance was heavily skewed t the U.S., with 65% of all bonds located domestically, as measured by capitalization.

Today the picture has almost reversed, with 64% of bond opportunities located overseas. The takeaway for most investors? Its important to consider the larger opportunity set and the diversification potential foreign bonds may provide. 

Expand Your Horizon with Foreign Bond Exposure

Globally, the fixed income universe has grown considerably as a result of improved fundamentals, more efficient monetary policies and higher growth rates across many of the international economies. And over recent years many investors seeking higher yield and risk-adjusted total return potential have benefitted from the global bonds and local currency (non-U.S.) exposure.1

So considering these factors, perhaps the question investors should ask is not "Why should I diversify globally?" but rather, "How should I allocate globally?"

Dreyfus International Bond Fund (DIBRX) is a highly rated and ranked fund with a record of outperformance. The fund may help investors benefit from this expanding opportunity set while also helping to meet their fixed-income objectives.

International Bond Fund Awards

Average Annual Total Returns (12/31/13)


 
1-year
3-year
5-year
Since Inception
(12/30/05)
Class A @ NAV:
-3.92%
2.71%
6.46%
7.51%
Class A (w/ 4.50% load)
-8.24%
1.15%
5.48%
6.89%
Barclays Capital Global Aggregate
ex-U.S. Index/TR USD
-3.08%
1.73%
3.51%

The performance data quoted represent 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. Current performance may be lower or higher than the performance quoted. View the fund's most recent month-end returns. Total expense ratio, Class A: 1.02%.

About Dreyfus International Bond Fund

  • Team-managed by Standish investment professionals who can help take advantage of expanding global bond and currency market opportunities
  • Can invest opportunistically across the global bond markets
  • Flexibility to manage currency exposure if necessary

Other Strong Fixed Income Choices

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

Diversification and asset allocation do not ensure a profit or protect against loss.

Main Risks

Bond funds are subject generally to interest rate, credit, liquidity and market risks, to varying degrees. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes, and rate increases can produce price declines.

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. These risks may be greater among the emerging markets.

Investments in foreign currencies are subject to the risk that those currencies will decline in value relative to the U.S. dollar, or, in the case of hedged positions, that the U.S. dollar will decline relative to the currency being hedged.

The investment adviser to the fund is The Dreyfus Corporation. Standish Mellon Asset Management Company LLC (Standish) investment professionals manage the fund under a dual-employee agreement between Dreyfus and Standish.

1Source: FactSet, as of 12/31/13, as measured by the Barclays Capital Global Aggregate Index. The Barclays Capital Global Aggregate Index measures a wide spectrum of global government, government-related agencies, corporate and securitized fixed-income investments, all with maturities greater than one year. Investors cannot invest directly in any index. The index is a representative sample of fixed-income securities and does not represent all available debt.