Portfolio Manager/Sub-Investment Adviser
The investment adviser for the fund is The Dreyfus Corporation. David Leduc, CFA, Brendan Murphy, CFA and Raman Srivastava, CFA are the fund's primary portfolio managers, positions they have held since October 2006, May 2011 and November 2012, respectively. Mr. Leduc is Chief Investment Officer at Standish Mellon Asset Management Company LLC (Standish), an affiliate of Dreyfus, where he is responsible for overseeing the management of all single and multi-sector taxable bond portfolios and strategies. He has been employed by both Standish and Dreyfus since 1995. Mr. Murphy is a Senior Portfolio Manager of Global Fixed Income responsible for working with the Global Fixed Income Team at Standish to formulate portfolio strategy and assist with developed market country and global currency research. He has been employed by Standish since 2005 and by Dreyfus since December 2009. Mr. Srivastava is Co-Deputy Chief Investment Officer and Managing Director of Global Fixed Income at Standish and has responsibilities for overseeing the management of multi-sector and absolute return fixed income strategies at Standish. He has been employed by Standish since October 2012 and by Dreyfus since November 2012. Mr. Leduc, Mr. Murphy and Mr. Srivastava manage the portfolio under a dual-employee relationship with Dreyfus.
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
- Portfolio composition and allocation is as of 05/31/16 and is subject to change at any time. Totals may not be exact due to rounding. Negative exposures may represent short positions through derivatives.
- Bonds rated BBB/Baa or higher are considered investment grade, while bonds rated BB/Ba or lower are considered speculative as to the timely payment of principal and interest. Credit ratings reflect only those assigned by S&P, Moody's, and/or Fitch. Split-rated bonds, if any, are reported in the higher rating category.
- Source: Morningstar, Inc. All rights reserved. Reflects reinvestment of dividends and, where applicable, capital gain distributions. The Barclays Global Aggregate Ex-U.S.D Index (Unhedged) is designed to measure the performance of global investment-grade, fixed-rate debt markets, excluding U.S. dollar denominated debt. Investors cannot invest directly in any index.
- Duration is a measure of volatility expressed in years. The higher the number, the greater the potential for volatility as interest rates change.