Portfolio Manager/Sub-Investment Adviser
The investment adviser for the fund is The Dreyfus Corporation. Robert Bayston is the primary portfolio manager. He has held this position since January 2005. Mr. Bayston also is a portfolio manager responsible for treasury inflation-protected securities and derivatives strategies with Standish Mellon Asset Management LLC (Standish Mellon), an affiliate of Dreyfus, and manages the fund under a dual-employee relationship with Dreyfus. He joined Standish Mellon in 1991.
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 01/31/14 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 investments of dividends and, where applicable, capital gain distributions. The Barclays U.S. Treasury Inflation Protected Securities Index is a sub-index of the U.S. Treasury component of the Barclays U.S. Government Index. Securities in the Barclays U.S. Treasury Inflation Protected Securities Index are dollar-denominated, non-convertible, publicly-issued, fixed-rate, investment-grade (Moodys Baa3 or better) U.S. Treasury inflation notes, with at least one year to final maturity and at least $100 million par amount outstanding.
- Duration is a measure of volatility expressed in years. The higher the number, the greater the potential for volatility as interest rates change.