Dreyfus Select Managers Long/Short Fund

  • Ticker: DBNIX
  • Product Code: 6252
  • CUSIP: 26188X700
Share Class:

Portfolio Manager/Sub-Investment Adviser

The fund's investment adviser is The Dreyfus Corporation (Dreyfus). Dreyfus has engaged its affiliate, EACM Advisors LLC (EACM), to serve as the fund's portfolio allocation manager. The fund's assets are allocated among six subadvisers - Kingsford Capital Management, LLC (Kingsford Capital), Owl Creek Asset Management, L.P. (Owl Creek), Sirios Capital Management, L.P. (Sirios), Standard Pacific Capital, LLC (Standard Pacific), Union Point Advisors, LLC (Union Point), and Three Bridges. The target percentage of the fund's assets to be allocated to the sub-advisers over time is approximately 25% to Sirios Capital Management, L.P., 20% to Union Point Advisors, LLC, 15% to Owl Creek Asset Management, L.P., 15% to Standard Pacific Capital, LLC, 15% to Three Bridges Capital, L.P. and 10% to Kingsford Capital Management, LLC. Subject to board approval, Dreyfus may hire, terminate or replace sub-advisers and modify material terms and conditions of sub-advisory arrangements without shareholder approval.

Sector & Allocation 1

Top Holdings 2

Constellation Brands, Cl. A 3.29%
Yahoo! 3.15%
Whirlpool 2.89%
Hertz Global Holdings 2.60%
Arm Holdings, ADR 2.54%
Precision Castparts 2.44%
Actavis 2.38%
Ebay 2.37%
Allergan 2.26%
Bank Of America 2.15%

Portfolio Statistics

Number of Holdings 112
as of 12/31/14
P/E Ratio 3 18.27
as of 12/31/15

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
  1. Portfolio composition and allocation is as of 12/31/14 and is subject to change at any time. Totals may not be exact due to rounding. Negative exposures may represent short positions through derivatives.
  2. The holdings listed should not be considered recommendations to buy or sell a security. Large concentrations can increase share price volatility.
  3. Price/earnings for a stock is the ratio of the company's most recent month-end share price to the company's estimated earnings per share (EPS) for the current fiscal year. If a third-party estimate for the current year EPS is not available, Morningstar will calculate an internal estimate based on the most recently reported EPS and average historical earnings growth rates. Price/ earnings is one of the five value factors used to calculate the Morningstar Style Box. For portfolios, this historical P/E data point is calculated by taking an asset-weighted average of the earnings yields (E/P) of all the stocks in the portfolio and then taking the reciprocal of the result. Source: Morningstar
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