Portfolio Manager/Sub-Investment Adviser
The investment adviser for the fund is The Dreyfus Corporation. Investment decisions for the fund are made by a team of portfolio managers, consisting of David Horsfall, CFA, David Bowser, CFA, and Peter Vaream, CFA, each of whom is a primary portfolio manager of the fund and a member of the Core/Core Plus Fixed Income Team at Standish Mellon Asset Management Company LLC ("Standish"), an affiliate of Dreyfus. The team members have served as primary portfolio managers of the fund since October 2010. Messrs. Bowser and Vaream have served as portfolio managers of the fund since April 2008. Mr. Horsfall is Deputy Chief Investment Officer and Senior Portfolio Manager at Standish. Mr. Horsfall also serves as the head of Standish's Counterparty Risk Committee and is a senior member of the firm's Fiduciary Committee. He has been employed by Standish since 1989. He also has been employed by Dreyfus since October 2010. Mr. Browser is Director of Active Fixed Income and Senior Portfolio Manager at Standish, responsible for managing a variety of multi-sector portfolios. He has been employed by Standish since 2000 and by Dreyfus since July 2006. Mr. Vaream is Director of Active Fixed Income and Senior Portfolio Manager at Standish, responsible for managing a variety of multi-sector portfolios. He has been employed by Standish since 2007 and by Dreyfus since April 2008.
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 03/31/14 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. Aggregate Index is a widely accepted, unmanaged total return index of corporate, government and government-agency debt instruments, mortgage-backed securities and asset-backed securities with an average maturity of 1-10 years.
- Duration is a measure of volatility expressed in years. The higher the number, the greater the potential for volatility as interest rates change.