Fund Goal and Approach
The fund seeks long-term capital appreciation. To pursue its goal, the fund normally allocates its assets among other mutual funds advised by The Dreyfus Corporation or its affiliates, referred to as underlying funds that invest primarily in stocks issued by foreign companies. The underlying funds as of the date of the prospectus were Dreyfus International Equity Fund, International Stock Fund, Dreyfus International Value Fund, Dreyfus/Newton International Equity Fund, Dreyfus Global EM Fund, Dreyfus Emerging Markets Fund, Dreyfus Strategic Beta EM Equity Fund and Dreyfus International Small Cap Fund.
Allocation Risk: Asset allocation cannot ensure a profit or protect against loss in declining markets. There can be no guarantee that any particular level of return, or the fund's investment objective, will be achieved.
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.
Foreign Investment Risk: To the extent the fund invests in foreign securities, its performance will be influenced by political, social and economic factors affecting investments in foreign companies. These special risks include exposure to currency fluctuations, less liquidity, less developed or less efficient trading markets, lack of comprehensive company information, political instability, and differing auditing and legal standards.
Small/Mid Cap Company Risk: Small and midsize companies carry additional risks because their earnings and revenues tend to be less predictable and their share prices more volatile than those of larger, more established companies. The shares of smaller companies tend to trade less frequently than those of larger, more established companies.
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.