A BNY MELLON COMPANY

Fund Spotlight

Global Investing: Searching the Globe, One Company at a Time.

Opportunities for growth exist all over the world. Some of the best growth companies can be found here in the United States, but others may reside on the other side of the globe. Do you have an investment manager that can capitalize on these opportunities, wherever they exist?

Global Stock Fund and International Stock Fund, managed by Walter Scott & Partners Limited, can fill that role in a client's portfolio.

A Focus on Companies, Not Countries

"Benchmarks don't help clients meet growth objectives, companies do." — Walter Scott

Walter Scott differs from other global managers in that their singular philosophy focuses not on country allocations, benchmark weightings or index/peer performance, but on seeking to maintain and enhance investor wealth through company selection.

Established Track Records. Proven Performance.


Global Stock Fund Class A: DGLAX

Class A

Morningstar Overall RatingTM among 742 funds in the Morningstar World Stock category as of 4/30/13.

International Stock Fund Class A: DISAX

Class A

Morningstar Overall RatingTM among 221 funds in the Morningstar Foreign Large Growth category as of 4/30/13.

Morningstar Overall RatingsTM reflect risk-adjusted performance and are derived from the weighted average of the fund's three-, five- and 10-year (as applicable) ratings. As of 4/30/13, Global Stock Fund (Class A) received three stars for the three-year period and four stars for the five-year period among 742 and 586 funds, respectively, in the Morningstar World Stock category; International Stock Fund (Class A) received three stars for the three-year period and five stars for the five-year period among 221 and 17 funds, respectively, in the Morningstar Foreign Large Growth category. Past performance is no guarantee of future results.


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.

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. Click here for a fund's most recent month-end returns.

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.

The Dreyfus Corporation serves as the investment adviser to International Stock Fund and Global Stock Fund.

 Main Risks

Equity funds are subject generally to market, market sector, market liquidity, issuer and investment style risks, among other factors, to varying degrees. These risks 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. These risks are generally greater with emerging market countries than with more economically and politically established foreign countries.

Walter Scott & Partners Limited serves as the funds' sub–investment adviser and provides day–to–day management of the funds' investments. Walter Scott and Dreyfus are affiliated BNY Mellon Asset Management companies. BNY Mellon Asset Management is the umbrella organization for The Bank of New York Mellon Corporation's affiliated investment management firms and global distribution companies.

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 a category receive five stars, the next 22.5% receive four stars; the next 35% three stars, the next 22.5% two stars and the last 10% one star. Ratings reflect sales loads.