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Dreyfus' Dynamic Total Return Fund Earns 5-Star Morningstar Overall Rating

NEW YORK, Dec. 4, 2013 /PRNewswire/ -- Dynamic Total Return Fund, sub-advised by Mellon Capital Management Corporation (Mellon Capital), achieved the highest 5-Star Overall rating from Morningstar for its Class A and I shares among 142 in the Morningstar Multialternative funds category as of 10/31/13.* Ratings reflect risk-adjusted performance, and are derived from a weighted average of the fund's 3-, 5-, and 10-year (as applicable) ratings. As of 10/31/13, Class A received 4 and 5 stars, and Class I received 5 and 5 stars, for the 3- and 5-year periods, respectively, out of 142 and 87 funds in the Multialternative funds category.

"We are broadening the types of assets in which we can invest as we pursue the fund's objective of maximizing total return while managing overall volatility," said Vassilis Dagioglu, managing director, Mellon Capital Management and head of asset allocation portfolio management.  "The strategy is dynamic in allocating across stocks, bonds, commodities and cash based on the underlying valuations and fundamentals, and is geared to take advantage of changing market conditions while controlling for downside risk. Diversified alpha sources seek to add value through active cross-country equity and cross country bond allocations and active currency allocations.  Dynamic Total Return builds on Mellon Cap's experience in managing asset allocation strategies for over 20 years and we are pleased to provide the strategy to a wide range of investors through our partnership with the fund's adviser, Dreyfus."

"The 5-Star Overall rating reflects the strong commitment that both Dreyfus and Mellon Capital have made to delivering strong performance to our investors," said J. Charles Cardona, president of Dreyfus.  "The fund builds on Mellon Capital's experience in managing asset allocation strategies for more than 20 years.  We are pleased to enhance our fund offerings further with a broader strategy that encompasses even more of Mellon Capital's expertise through the newly renamed Dynamic Total Return Fund."

The fund recently changed its name from Global Alpha Fund to Dynamic Total Return Fund, reflecting the addition of emerging markets stocks and bonds, and commodities, to the types of assets in which the fund can be expected to invest.  The fund's investment objective and approach, which provides its portfolio managers with considerable latitude in seeking to capitalize on opportunities within and among the capital markets of the world, has not changed.

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