Dreyfus Funds Earn Lipper Awards

NEW YORK, April 1, 2011 /PRNewswire/ -- The Dreyfus Corporation, part of BNY Mellon Asset Management, today announced that several Dreyfus funds were named the best funds in their categories for stated time periods at the 2011 Lipper Fund Awards.  

"Delivering consistent, outstanding performance for Dreyfus investors continues to be one of our most important objectives," said Dreyfus Chairman and CEO Jon Baum.  "Lipper's recognition of several Dreyfus funds as winners in their respective categories, especially in a challenging market environment, is a testament to the breadth and depth of our investment management expertise throughout all of BNY Mellon Asset Management."

Rankings reflect past performance, which is no guarantee of future results. Share price and investment return fluctuate and an investor's shares may be worth more or less than original cost upon redemption. Go to dreyfus.com for a fund's latest month-end returns.

Investors should consider the investment objectives, risks, charges and expenses of any mutual fund carefully before investing. Contact your advisor to obtain a prospectus that contains this and other information about a fund. Read it carefully before investing. Other share classes may have achieved different results.  Class I and M shares are only available to select investors.  

*The Dreyfus Corporation is a subsidiary of BNY Mellon and investment adviser to the first four above-listed funds. BNY Mellon Asset Management is the umbrella organization for BNY Mellon's affiliated investment management firms and global distribution companies. Portfolio managers from The Boston Company Asset Management, LLC (TBCAM), a Dreyfus affiliate, manage Dreyfus Opportunistic Small Cap Fund and Dreyfus Opportunistic Mid Cap Fund  pursuant to a dual-employee relationship with Dreyfus, applying TBCAM's proprietary investment process to the fund.  Hamon U.S. Investment Advisors Limited serves as sub-adviser to Dreyfus Greater China Fund, with each providing day-to-day management of its respective fund. BNY Mellon has a minority ownership interest in Hamon Investment Group, the parent of Hamon U.S. Investment Advisors Limited.  Portfolio managers from Standish Mellon Asset Management Company LLC, a Dreyfus affiliate, manage Dreyfus International Bond Fund pursuant to a dual-employee relationship with Dreyfus, applying Standish's proprietary investment process to the fund.  Portfolio managers from The Bank of New York Mellon, a Dreyfus affiliate, manage BNY Mellon New York Intermediate Tax-Exempt Bond Fund, Class M  pursuant to a dual-employee relationship with Dreyfus, applying The Bank of New York Mellon's proprietary investment process to the fund.  

**  These Lipper Fund Awards recognize funds that have excelled in delivering consistently strong risk-adjusted performance, relative to their peers, for the 3-, 5- and 10-year periods, as determined by having achieved the highest Lipper Leader for Consistent Return value within each eligible classification over an individual time period.  Lipper Leaders for Consistent Return may be the best fit for investors who value a fund's year-to-year consistency relative to other funds in a particular peer group.  Investors are cautioned that some peer groups are inherently more volatile than others, and even Lipper Leaders for Consistent Return in the most volatile groups may not be well suited to shorter-term goals or less risk-tolerant investors.  For a detailed explanation, please review the Lipper Fund Awards and Lipper Leaders methodology documents on www.lipperweb.com.

Source:  Lipper Inc. Lipper Leader for Consistent Return reflects a fund's historical risk-adjusted returns, adjusted for volatility, relative to peers as of 12/31/10.  The Lipper ratings are subject to change every month and are based on an equal-weighted average of percentile ranks for the Consistent Return metrics over three-, five-, and 10-year periods.  Twenty percent of the names in each category are designated Lipper Leaders.  Lipper ratings are not intended to predict future results, and Lipper does not guarantee the accuracy of this information.  

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 a fund's prospectus. Value stocks involve the risk that they may not achieve what the portfolio manager believes is their full intrinsic value, or they may decline in price.  Small and midsize companies involve greater risk because their earnings and revenues tend to be less predictable (and some companies may be experiencing significant losses), and their share prices more volatile than those of larger, more established companies.

Bond funds are subject generally to interest rate, credit, liquidity, prepayment and extension, derivative and market risks, to varying degrees, all of which are more fully described in a 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.

Investing internationally involves special risks, including changes in currency exchange rates, political and economic instability, less market liquidity, lack of comprehensive company information, and differing auditing and legal standards. Emerging markets tend to be more volatile than the markets of more mature economies.

The stock market of the Greater China region, like those of other developing economies, has experienced significant volatility. The fund's performance will be influenced by political, social and economic factors affecting investments in companies in this region. The fund's concentration in securities of companies in the Greater China region could cause the fund's performance to be more volatile than that of a more geographically diversified fund.

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 $400 billion in mutual funds and separately managed accounts.  

BNY Mellon Asset Management is the umbrella organization for BNY Mellon's affiliated investment management firms and global distribution companies. Information about BNY Mellon Asset Management is available at www.bnymellonam.com.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets.  BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team.  It has $25.0 trillion in assets under custody and administration and $1.17 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day.  BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).  Additional information is available at www.bnymellon.com.

The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. The Thomson Reuters Awards for Excellence also include the Extel Survey Awards, the StarMine Analyst Awards, and the StarMine Broker Rankings. For more information, please contact [email protected] or visit excellence.thomsonreuters.com

All information source BNY Mellon Asset Management as of December 31, 2010. 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 Asset 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(SM)

SOURCE Dreyfus Corporation; BNY Mellon