Dreyfus U.S. Treasury Intermediate Term Fund

  • Ticker: DRGIX
  • Product Code: 0072
  • CUSIP: 26202G105

Portfolio Manager/Sub-Investment Adviser

The investment adviser for the fund is The Dreyfus Corporation (Dreyfus). Robert Bayston, CFA and Nate Pearson, CFA are the primary portfolio managers of the Intermediate Term Fund and the Long Term Fund, positions they have held since April 2008 and July 2012, respectively. Messrs. Bayston and Pearson are jointly and primarily responsible for managing the funds' portfolios. Mr. Bayston is the Managing Director and Senior Portfolio Manager of U.S. Interest Rate Strategies with Standish, a subsidiary of BNY Mellon and an affiliate of Dreyfus, where he has been employed since 1991. He is responsible for the portfolio management of all U.S. Treasury/government and agency mortgage backed strategies, including inflation mandates. Mr. Pearson is an interest rate and derivatives strategist responsible for researching U.S. Government securities with Standish, where he has been employed since 2005. Messrs. Bayston and Pearson have been employees of Dreyfus since September 2001 and July 2012, respectively. Messrs. Bayston and Pearson manage the funds as employees of Dreyfus. Standish investment professionals manage Dreyfus-managed funds pursuant to a dual-employee arrangement, under Dreyfus' supervision, and apply their firm's proprietary investment process in managing the funds.

Portfolio Statistics

Benchmark 2 BofA Merrill Lynch Governments, U.S. Treasury, Intermediate Term Index
Number of Holdings 33
as of 09/30/16
Portfolio Turnover Rate 231.02%
as of fiscal year end 12/31/15
Average Effective Duration 3 3.9 Years
as of 09/30/16
Average Effective Maturity 4.0 Years
as of 09/30/16

Risk Measures

as of 09/30/16
R Squared 4 77.59
Beta 5 0.67
Standard Deviation 6 1.98

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

Notes & Disclosures
  1. Portfolio composition and allocation is as of 09/30/16 and is subject to change at any time. Totals may not be exact due to rounding. Negative exposures may represent short positions through derivatives.
  2. Source: Morningstar, Inc. All rights reserved. Reflects investments of dividends and, where applicable, capital gain distributions. The Merrill Lynch Governments, U.S. Treasury, Intermediate Term Index is an unmanaged performance benchmark including all U.S. Treasury notes and bonds with maturities greater than or equal to one year and less than ten years. Bills, STRIPs, and index-linked bonds are excluded.
  3. Duration is a measure of volatility expressed in years. The higher the number, the greater the potential for volatility as interest rates change.
  4. Reflects the percentage of a fund's movements that can be explained by movements in a particular benchmark. An R-squared of 100 indicates fund movements that are perfectly correlated to those of the benchmark. In order to compare funds across general asset classes, Morningstar calculates R-squared values relative to a "standard" broad-based market index. For example, the R-squared of both a small cap, domestic equity fund and a domestic technology fund would be determined against the S&P 500 Index. Thus, the "standard" broad-based market index used by Morningstar may differ from the fund's actual benchmark stated in this factsheet. Source: Morningstar
  5. Beta is a measure of the systematic risk of a stock or a portfolio and is an indicator of expected return. A beta higher than 1.0 has higher risk than the overall market has and thus the stock or portfolio can be expected to perform in relation to the overall market in that way.
  6. A statistical measurement of dispersion around an average which depicts how widely fund returns varied over a certain period of time. Source: Morningstar
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