Fund Description

The fund was incepted in February 1972 and is managed by Dreyfus Corporation. The fund's main objective is to seek long-term capital growth consistent with the preservation of capital and current income is a secondary goal. To pursue these goals, the fund invests at least 80% of its assets in stocks issued primarily by U.S. companies. The fund may also invest up to 25% of its assets in foreign securities. The fund's stock investments may include common stocks, preferred stocks and convertible securities, including to a limited degree, those issued in initial public offerings. The fund employs a 'bottom-up' approach, primarily focusing on companies with strong positions in their industries and a catalyst that can trigger a price increase (such as a corporate restructuring or change in management). The portfolio manager uses fundamental analysis to create a broadly diversified core portfolio with a growth tilt. The fund selects stocks based on value, growth and financial profile. Dividends and capital gains, if any, are distributed annually.