September 18, 2014

Dreyfus / Standish Global Fixed Income Fund Earns Top Morningstar Rating

BNY Mellon's Dreyfus / Standish Global Fixed Income Awarded 5-Star Overall Rating from Morningstar


NEW YORK, Sept. 18, 2014 /PRNewswire/ -- Dreyfus / Standish Global Fixed Income Fund, sub-advised by Standish Mellon Asset Management Company LLC, achieved the highest 5-Star Overall Rating from Morningstar for its Class I shares among 278 fund in the World Bond category as of 8/31/14*.

"Dreyfus / Standish Global Fixed Income, along with Dreyfus Opportunistic Fixed Income and Dreyfus International Bond Fund, are three fixed income offerings that continue to help meet our clients' needs in today's constantly evolving environment," said Kim Mustin, Head of North American Distribution for BNY Mellon Investment Management.  "Standish's fixed income expertise has been rewarding investors for more than 80 years.  Achieving the highest rating from Morningstar for Dreyfus / Standish Global Fixed Income Fund underscores our commitment for delivering excellent risk-adjusted performance."

Dreyfus / Standish Global Fixed Income Fund's investment adviser is Dreyfus.  Both Dreyfus and Standish are affiliates of BNY Mellon.

The fund seeks to maximize total return while realizing a market level of income consistent with preserving principal and liquidity. The fund normally invests at least 80% of its net assets, in a variety of fixed income securities located in various countries, including emerging markets. The fund generally invests in eight or more countries, but always invests in at least three countries, one of which may be the United States. The fund may invest up to 25% of its net assets in emerging markets generally and up to 7% of its assets in any single emerging market country.

David Leduc, CFA, Brendan Murphy, CFA and Raman Srivastava, CFA are the fund's primary portfolio managers, positions they have held since August 2006, May 2011 and November 2012, respectively. Leduc is Chief Investment Officer at Standish.  Murphy is a Senior Portfolio Manager of Global Fixed Income at Standish. Srivastava is Co- Deputy Chief Investment Officer and Managing Director of Global Fixed Income at Standish.  Both Leduc and Srivastava are also portfolio managers on Dreyfus Opportunistic Fixed Income and Dreyfus International Bond Funds.

Morningstar Overall Rating™ for Class I shares among 278 funds in the World Bond category as of 08/31/14.* Ratings reflect risk-adjusted performance, and are derived from a weighted average of the fund's 3-, 5-, and 10-year (as applicable) ratings. As of 08/31/14 the fund's Class I shares received 4, 4, and 5 stars for the 3-, 5-, and 10-year periods out of 278, 225 and 136 funds in the category. Past performance is no guarantee of future results. Class I shares are available only to certain eligible investors. Other share classes for this fund may have achieved lower ratings.  Dreyfus Opportunistic Fixed Income Fund and Dreyfus International Bond Fund did not achieve 5-star overall ratings as of 8/31/14.

Main Risks:

Bond funds are subject generally to interest rate, credit, liquidity and market risks, to varying degrees, all of which are more fully described in the fund's prospectus. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes, and rate increases can produce price declines.

High yield bond funds involve increased credit and liquidity risk compared with higher-quality bond funds. Below-investment-grade bonds are considered speculative as to the continuing ability of an issuer to make interest payments and repay principal.

Foreign bonds are subject to special risks including exposure to currency fluctuations, changing political and economic conditions, and potentially less liquidity. The fixed income securities of issuers located in emerging markets can be more volatile and less liquid than those of issuers in more mature economies. A decline in the value of foreign currencies relative to the U.S. dollar will reduce the value of securities held by the fund and denominated in those currencies. Foreign currencies are also subject to risks caused by inflation, interest rates, budget deficits, low savings rates, political factors and government control.

The use of derivative instruments, such as options, futures and options on futures, forward contracts, swaps, options on swaps, and other credit derivatives, involves risks different from, or possibly greater than, the risks associated with investing directly in the underlying assets. A small investment in derivatives could have a potentially large impact on the fund's performance.

Investors should discuss with their advisor the eligibility requirements for Class I shares and the historical results achieved by the fund's respective share classes.

Investors should consider the investment objectives, risks, charges and expenses of a mutual fund carefully before investing. Investors should contact their financial representative, or visit Dreyfus.com, to obtain a prospectus, or a summary prospectus, if available, that contains this and other information about a fund. Read the prospectus carefully before investing.

The Dreyfus Corporation (Dreyfus) is the investment adviser to each fund listed herein. Standish investment professionals manage Dreyfus Opportunistic Fixed Income Fund and Dreyfus International Bond Fund under a dual-employee agreement between Dreyfus and Standish.

*Source Morningstar: The Ratings formula measures the amount of variation in a fund's performance and gives more emphasis to downward variations. The top 10% of the funds in the category receive five stars; the next 22.5% four stars; the next 35% three stars; the next 22.5% two stars; and the last 10% one star. Ratings reflect sales loads. The fund represents a single portfolio with multiple share classes that have different expense structures.

Notes to Editors:

The Dreyfus Corporation, established in 1951 and headquartered in New York City, is one of the nation's leading asset management and distribution companies currently managing more than $270 billion in mutual funds and other cash management vehicles. 

Standish Mellon Asset Management Company LLC, with approximately $165.6 billion of assets under management, provides investment management services across a broad spectrum of fixed income asset classes. These include corporate credit, emerging markets debt (dollar-denominated and local currency), core / core plus, tax–sensitive, short duration, stable value and opportunistic (U.S. and global) strategies.  Standish also offers full service capabilities in insurance client strategies and liability driven investing. The firm includes assets managed by Standish personnel acting as dual officers of The Dreyfus Corporation and The Bank of New York Mellon and Alcentra NY, LLC personnel acting as dual officers of Standish.  Standish, Dreyfus and The Bank of New York Mellon are affiliated subsidiaries of BNY Mellon.

BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.6 trillion in assets under management. It encompasses BNY Mellon's affiliated investment management firms, wealth management services and global distribution companies. More information can be found at www.bnymellon.com.

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of June 30, 2014, BNY Mellon had $28.5 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at www.bnymellon.com, or follow us on Twitter @BNYMellon.

All information source BNY Mellon as of June 30, 2014. This press release is qualified for issuance in the US only and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. This press release is issued by BNY Mellon Investment Management to members of the financial press and media and the information contained herein should not be construed as investment advice.  Past performance is not a guide to future performance.  A BNY Mellon Company.

Contact: Patrice Kozlowski
+1 212 922 6030
patrice.kozlowski@bnymellon.com

SOURCE Dreyfus; Standish; BNY Mellon