A BNY MELLON COMPANY

Dreyfus Greater China Fund

  • Ticker: DPCRX
  • Product Code: 0190
  • CUSIP: 261986806
Share Class:

Fund Goal and Approach

The fund seeks long-term capital appreciation.To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in stocks of companies that (i) are principally traded in China, Hong Kong or Taiwan (Greater China), (ii) derive at least 50% of their revenues from Greater China, or (iii) have at least 50% of their assets in Greater China.

To determine where the fund will invest, the portfolio managers analyze several factors, including: economic and political trends in Greater China; the current financial condition and future prospects of individual companies and sectors in the region; and the valuation of one company, sector or market relative to that of another.

The portfolio managers generally seek companies with accelerated earnings outlooks and whose share prices appear to be reasonably valued relative to their growth potential. Characteristics of such companies include high-quality corporate governance, management with a commitment to increasing shareholder value, strong earnings momentum with consistent free cash flow generation, sound business fundamentals and long-term vision. Generally, the companies in which the fund seeks to invest are leaders in their respective industries, with strong recognition.

Risks

Equity Risk

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. The stock and bond markets of the Greater China region, like those of other developing economies, have experienced significant volatility.

Foreign Investment Risk The fund's performance will be influenced by political, social and economic factors affecting investments in companies in the Greater China region. These special risks include exposure to currency fluctuations, less liquidity, less developed or less efficient trading markets, a lack of comprehensive company information, differing auditing and legal standards, political instability and less diverse and mature economic structures. The fund's concentration in securities of companies in the Greater China region could cause the fund's performance to be more volatile than that of more geographically diversified funds.

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.

Emerging Markets Risk

Emerging markets, such as those of China and Taiwan, tend to be more volatile than the markets of more mature economies, and generally have less diverse and less mature economic structures and less stable political systems than those of developed countries.

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.

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