Fund Facts  

Inception Date: Jun 29, 2001
Ticker Symbol: DPSRX
Morningstar Category:Mid-Cap Blend
As of Mar 31, 2016
Fund Net Assets ($millions) $211

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks long-term capital growth.

Principal Investment Strategies  

To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in the stocks of companies included in the Standard & Poors (S&P)® Midcap 400 Index or the Russell Midcap® Index. The fund's portfolio managers select stocks through a "bottom-up," structured approach that seeks to identify undervalued securities using a quantitative screening process.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Risk Glossary for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Mar 31, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Dreyfus Structured Midcap Ra1.56%1.56%-5.95%9.65%10.08%6.98%8.29%
S&P MidCap 400 Indexa,b3.78%3.78%-3.60%9.46%9.52%7.78%N/A
Morningstar Mid-Cap Blenda,c1.28%1.28%-6.61%7.78%7.75%5.92%N/A

Fund past performance, as shown, is no guarantee of how the fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total annual fund operating expensesa1.05%
Fee waiver and/or expense reimbursement0.05%
Total expenses1.00%

A contractual expense waiver exists for this fund and will expire on 01-01-2017.

 

a. Returns and/or expenses provided by Morningstar, Inc. Copyright © 2016. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. ICMA-RC does not independently verify Morningstar data.

b. The S&P MidCap 400 Index includes approximately 10% of the capitalization of U.S. equity securities. These are comprised of stocks in the middle capitalization range. Any midcap stocks already included in the S&P 500 are excluded from this index, which started on December 31, 1990.

c. The Morningstar Category Average is the equal-weighted average return of all funds per category, as identified by Morningstar, Inc.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Mar 24, 2016Mar 24, 2016$0.043600000
Dec 23, 2015Dec 23, 2015$2.426400000
Dec 11, 2014Dec 11, 2014$4.249700000
Dec 20, 2013Dec 20, 2013$0.430800000
Dec 31, 2012Dec 31, 2012$0.036000000
Dec 5, 2012Dec 5, 2012$0.213000000
 

Morningstar Information

Morningstar Rating   As of Mar 31, 2016
Period Stars Category Size
Overall 4 Stars383
3-Year 4 Stars383
5-Year 4 Stars328
10-Year 3 Stars215

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Morningstar Stylebox As of Mar 31, 2016
Equity Stylebox
Medium Blend
Allocation of Assets As of Feb 29, 2016
Type of Asset Percent
Equity99%
Fixed Income0%
Cash/Other1%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Feb 29, 2016
Asset ClassPercent
Domestic Stock99.5%
Foreign Stock0.0%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash0.5%
Other0.0%

Due to rounding, percentages shown may not add up to 100%.

 
Equity Sector As of Feb 29, 2016
SectorPercent
Industrials19.8%
Consumer Cyclical13.2%
Financial Services12.6%
Healthcare12.5%
Real Estate9.7%
Technology8.6%
Consumer Defensive6.5%
Basic Materials6.5%
Utilities4.0%
Energy3.5%
Communication Services2.6%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Top Ten Holdings As of Feb 29, 2016
Holding NamePercent
Mettler-Toledo International Inc2.5%
Ingredion Inc2.5%
Hologic Inc2.3%
Foot Locker Inc2.2%
JetBlue Airways Corp2.2%
Reliance Steel & Aluminum Co2.2%
Kilroy Realty Corp2.2%
Lamar Advertising Co Class A2.1%
Weingarten Realty Investors2.1%
DST Systems Inc2.1%
 

Statistics

Portfolio Statistics As of Mar 31, 2016
Statistic3-Year5-Year
Beta1.061.07
Alpha-1.26-0.81
Standard Deviation13.2515.17
 
 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2016 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.