The Dreyfus Corporation - a segment of BNY Mellon - was founded in 1951 and currently has $257.5 billion of assets under management allocated across a wide range of equity and fixed-income mutual funds. Established in 1784 by Alexander Hamilton, BNY Mellon currently has nearly $1.7 trillion assets under management invested throughout the globe. It provides services including investment management, investment services and wealth management across 35 countries.
Below we share with you 4 top-rated Dreyfus mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future.
Dreyfus Mid Cap Growth Fund (MUTF:FRSPX) seeks growth of capital by investing in mid-cap companies with strong growth potential. FRSPX invests a majority of its assets in shares of companies which fall within the range of the Russell Midcap Growth Index. FRSPX focuses on investing in both domestic and foreign companies. The Dreyfus Mid Cap Growth Fund has a year-to-date return of 5.6%.
FRSPX has an expense ratio of 1.14% compared to the category average of 1.30%.
Dreyfus Global Stock Fund A (MUTF:DGLAX) invests a large portion of its assets in equity securities. DGLAX invests in companies situated in the United States, Australia, Japan, Canada, Hong Kong and Western Europe. DGLAX may invest in companies with different market caps. DGLAX seeks total return. The Dreyfus Global Stock A fund has a year-to-date return of 6.7%.
As of June 2016, DGLAX held 57 issues with 2.44% of its assets invested in C. R. Bard, Inc. (NYSE:BCR)
Dreyfus California AMT-Free Municipal Bond Fund (MUTF:DRCAX) seeks growth of income and capital. DRCAX invests more than 80% of its assets in municipal debt securities that are investment-grade rated. DRCAX may also invest a large chunk of its assets in securities that are expected to provide income free from federal income tax. The Dreyfus California AMT-Free Municipal Bond Fund is a non-diversified fund and has a year-to-date return of 4.4%.
DRCAX has an expense ratio of 0.71 compared to the category average of 0.76%.
Dreyfus Natural Resources Fund A (MUTF:DNLAX) invests a lion's share of its assets in companies from the natural resources sector. DNLAX seeks capital appreciation over the long run. DNLAX generally invests in both growth and value stocks. DNLAX not only invests in domestic companies, but also in foreign companies. The Dreyfus Natural Resources Fund is a non-diversified fund and has a year-to-date return of 16.3%.
Robin Wehbe is one of fund managers of DNLAX since 2009.