Dreyfus Satellite Alpha Fund seeks long-term capital appreciation by allocating its assets among other Dreyfus-advised mutual funds that provide exposure to alternative or non-traditional (i.e. satellite) asset categories or investment strategies, according to a press release. The fund’s portfolio managers seek to deliver “alpha” by investing in satellite asset categories and investment strategies which generally have a lower correlation with the broad U.S. stock and bond markets.
The announcement said the underlying funds are selected by the Dreyfus Investment Committee based on their investment objectives and management policies, portfolio holdings, risk/reward profiles, historical performance, and other factors, including the correlation and covariance among the underlying funds.
The Dreyfus Diversified Global Fund seeks long-term capital appreciation by allocating its assets among other mutual funds advised by The Dreyfus Corporation that invest primarily in equity securities issued by U.S. and foreign companies. The fund is designed to provide diversification by investing the majority of its assets in underlying funds that provide exposure to multiple global strategies.
Dreyfus seeks to diversify the fund’s investments by including underlying funds that have global portfolios that focus on, but are not limited to, growth, equity income, core, real estate, sustainability and tactical asset allocation. The Dreyfus Investment Committee determines the underlying funds and sets the target allocations.
Underlying funds and BNY Mellon Asset Management multi-boutique managers for the Dreyfus Satellite Alpha Fund include: Dreyfus Global Absolute Return managed by Mellon Capital Management Corporation; Dreyfus Inflation Adjusted Securities managed by Standish investment professionals; Dreyfus International Bond managed by Standish investment professionals; Dreyfus Global Real Estate Securities managed by Urdang Securities Management, Inc.; Dreyfus Natural Resources managed by The Boston Company Asset Management investment professionals; Dreyfus Emerging Markets Debt Local Currency managed by Standish investment professionals; and Emerging Markets Opportunity managed by Blackfriars Asset Management.
Underlying Funds and BNY Mellon Asset Management multi-boutique managers for the Dreyfus Diversified Global Fund include: Dreyfus Global Equity Income managed by Newton Capital Management Limited; Global Alpha managed by Mellon Capital Management Corporation; Global Stock managed by Walter Scott & Partners Limited; Dreyfus Global Sustainability managed by Mellon Capital Management Corporation; Dreyfus Global Real Estate Securities managed by Urdang Securities Management, Inc.; Dreyfus Worldwide Growth managed by Fayez Sarofim & Co.
More information is at available at www.dreyfus.com.