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. EACM is responsible for evaluating and recommending sub-advisers for the fund. Christopher E. Crerend and Jeffrey A. Brozek, CFA have been the members of EACM's investment team primarily responsible for evaluating and recommending sub-advisers for the fund since the fund's inception. Mr. Crerend is Executive Vice President and Chief Investment Officer (Alternatives), and Mr. Brozek is Senior Vice President and Sector Head for Equity Hedge Strategies at EACM. The fund's assets are currently allocated among six subadvisers, each of which acts independently of the others and uses its own methodology to select portfolio investments. The subadvisers are: Kingsford Capital Management, LLC, Owl Creek Asset Management L.P., Sirios Capital Management, L.P., Three Bridges Capital, LP, Pine River Capital Management L.P., and Cramer Rosenthal McGlynn, LLC.
Top Holdings 2
|Bank Of America||2.55%|
|Constellation Brands, Cl. A||2.05%|
|Dish Network, Cl. A||1.93%|
|Alphabet, Cl. C||1.75%|
|Facebook, Cl. A||1.70%|
|Alphabet, Cl. A||1.46%|
|Number of Holdings||154
as of 05/31/16
|Portfolio Turnover Rate||524.89%
as of fiscal year end 10/31/15
|P/E Ratio 3||19.09
as of 04/30/16
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.
- The holdings listed should not be considered recommendations to buy or sell a security. Large concentrations can increase share price volatility.
- 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