0000737520-13-000057.txt : 20130524 0000737520-13-000057.hdr.sgml : 20130524 20130524104801 ACCESSION NUMBER: 0000737520-13-000057 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130524 DATE AS OF CHANGE: 20130524 EFFECTIVENESS DATE: 20130524 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Strategic Funds, Inc. CENTRAL INDEX KEY: 0000737520 IRS NUMBER: 133272460 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-88816 FILM NUMBER: 13870563 BUSINESS ADDRESS: STREET 1: THE DREYFUS CORPORATION STREET 2: 200 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10166 BUSINESS PHONE: 2129226817 MAIL ADDRESS: STREET 1: C/O DREYFUS CORP STREET 2: 200 PARK AVENUE, 8TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10166 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS PREMIER NEW LEADERS FUND INC DATE OF NAME CHANGE: 20021213 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS NEW LEADERS FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS NEW EQUITY FUND INC DATE OF NAME CHANGE: 19850904 0000737520 S000024356 Dreyfus Select Managers Small Cap Value Fund C000072172 Class A DMVAX C000072173 Class C DMECX C000072174 Class I DMVIX 497 1 reference-085.htm PROSPECTUS reference-085.htm - Generated by SEC Publisher for SEC Filing

 

Strategic Funds, Inc.

-          Dreyfus Select Managers Small Cap Value Fund ("DSMSCVF")

             

 

Incorporated herein by reference is a revised version of the prospectus for DSMSCVF filed pursuant to Rule 497 (e) under the Securities Act of 1933, as amended, on May 8, 2013 (SEC Accession No. 0000737520-13-000050).

 

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The Dreyfus Corporation has contractually agreed, until at least April 1, 2014, to waive receipt of its fees and/or assume the expenses of the fund so that the expenses of none of the classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest, brokerage commissions, commitment fees and extraordinary expenses) exceed 1.05%. For comparative purposes, the value of the Index on 12/31/08 is used as the beginning value on 12/17/08. Strategic Funds, Inc. 497 false 0000737520 2012-11-30 2013-05-08 2013-05-08 2013-05-08 Fund Summary DMVAX DMECX DMVIX Investment Objective <p style="text-align:left;"> <font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: ;">The fund seeks capital appreciation.</font> </p> Principal Risks <p style="text-align:left;"> <font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: ;">An investment in the fund is not a bank deposit. It is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. It is not a complete investment program. The fund's share price fluctuates, sometimes dramatically, which means you could lose money.</font> </p> <br/><p style="margin-left:08.65pt;text-align:left;text-indent:-08.65pt;"> <font><font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: symbol;">&#183;</font></font><font><font style="word-spacing:10.0pt;"><font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: symbol;">&#160;</font></font></font><font><i><font color="#000000" style="font-size:10.0pt;font-weight:normal; font-family: ;">Risks of stock investing</font></i></font><font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: ;">. Stocks generally fluctuate more in value than bonds and may decline significantly over short time periods. There is the chance that stock prices overall will decline because stock markets tend to move in cycles, with periods of rising prices and falling prices. The market value of a stock may decline due to general weakness in the stock market or because of factors that affect the company or its particular industry.</font> </p> <br/><p style="margin-left:08.65pt;text-align:left;text-indent:-08.65pt;"> <font><font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: symbol;">&#183;</font></font><font><font style="word-spacing:10.0pt;"><font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: symbol;">&#160;</font></font></font><font><i><font color="#000000" style="font-size:10.0pt;font-weight:normal; font-family: ;">Small and midsize company risk.</font></i></font> <font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: ;">Small and midsize companies carry additional risks because the operating histories of these companies tend to be more limited, their earnings and revenues less predictable (and some companies may be experiencing significant losses), and their share prices more volatile than those of larger, more established companies. The shares of smaller companies tend to trade less frequently than those of larger, more established companies, which can adversely affect the pricing of these securities and the fund's ability to sell these securities.</font> </p> <br/><p style="margin-left:08.65pt;text-align:left;text-indent:-08.65pt;"> <font><font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: symbol;">&#183;</font></font><font><font style="word-spacing:10.0pt;"><font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: symbol;">&#160;</font></font></font><font><i><font color="#000000" style="font-size:10.0pt;font-weight:normal; font-family: ;">Value stock risk.</font></i></font> <font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: ;">Value stocks involve the risk that they may never reach their expected full market value, either because the market fails to recognize the stock's intrinsic worth or the expected value was misgauged. They also may decline in price even though in theory they are already undervalued.</font> </p> <br/><p style="margin-left:08.65pt;text-align:left;text-indent:-08.65pt;"> <font><font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: symbol;">&#183;</font></font><font><font style="word-spacing:10.0pt;"><font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: symbol;">&#160;</font></font></font><font><i><font color="#000000" style="font-size:10.0pt;font-weight:normal; font-family: ;">Market sector risk.</font></i></font> <font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: ;">The fund may significantly overweight or underweight certain companies, industries or market sectors, which may cause the fund's performance to be more or less sensitive to developments affecting those companies, industries or sectors.</font> </p> <br/><p style="margin-left:08.65pt;text-align:left;text-indent:-08.65pt;"> <font><font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: symbol;">&#183;</font></font><font><font style="word-spacing:10.0pt;"><font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: symbol;">&#160;</font></font></font><font><i><font color="#000000" style="font-size:10.0pt;font-weight:normal; font-family: ;">Liquidity risk.</font></i></font> <font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: ;">When there is little or no active trading market for specific types of securities, it can become more difficult to sell the securities at or near their perceived value. In such a market, the value of such securities and the fund's share price may fall dramatically. Investments in foreign securities tend to have greater exposure to liquidity risk than domestic securities.</font> </p> <br/><p style="margin-left:08.65pt;text-align:left;text-indent:-08.65pt;"> <font><font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: symbol;">&#183;</font></font><font><font style="word-spacing:10.0pt;"><font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: symbol;">&#160;</font></font></font><font><i><font color="#000000" style="font-size:10.0pt;font-weight:normal; font-family: ;">Foreign investment risk.</font></i></font> <font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: ;">To the extent the fund invests in foreign securities, the fund's performance will be influenced by political, social and economic factors affecting investments in foreign issuers. Special risks associated with investments in foreign issuers include exposure to currency fluctuations, less liquidity, less developed or less efficient trading markets, lack of comprehensive company information, political and economic instability and differing auditing and legal standards. Investments denominated in foreign currencies are subject to the risk that such currencies will decline in value relative to the U.S. dollar and affect the value of these investments held by the fund.</font> </p> <br/><p style="margin-left:08.65pt;text-align:left;text-indent:-08.65pt;"> <font><font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: symbol;">&#183;</font></font><font><font style="word-spacing:10.0pt;"><font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: symbol;">&#160;</font></font></font><font><i><font color="#000000" style="font-size:10.0pt;font-weight:normal; font-family: ;">Multi-manager risk.</font></i></font> <font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: ;">Each subadviser makes investment decisions independently, and it is possible that the investment styles of the subadvisers may not complement one another. As a result, the fund's exposure to a given stock, industry or investment style could unintentionally be greater or smaller than it would have been if the fund had a single adviser. In addition, if one subadviser buys a security during a time frame when another subadviser sells it, the fund will incur transaction costs and the fund's net position in the security may be approximately the same as it would have been with a single adviser and no such sale and purchase.</font> </p> <br/><p style="margin-left:08.65pt;text-align:left;text-indent:-08.65pt;"> <font><font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: symbol;">&#183;</font></font><font><font style="word-spacing:10.0pt;"><font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: symbol;">&#160;</font></font></font><font><i><font color="#000000" style="font-size:10.0pt;font-weight:normal; font-family: ;">Allocation risk.</font></i></font> <font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: ;">There can be no assurance that the allocation of the fund's assets among the subadvisers will be effective in achieving the fund's investment goal.</font> </p> <br/><p style="margin-left:08.65pt;text-align:left;text-indent:-08.65pt;"> <font><font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: symbol;">&#183;</font></font><font><font style="word-spacing:10.0pt;"><font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: symbol;">&#160;</font></font></font><font><i><font color="#000000" style="font-size:10.0pt;font-weight:normal; font-family: ;">Non-diversification risk</font></i></font><font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: ;">. The fund is non-diversified, which means that the fund may invest a relatively high percentage of its assets in a limited number of issuers. Therefore, the fund's performance may be more vulnerable to changes in the market value of a single issuer or group of issuers and more susceptible to risks associated with a single economic, political or regulatory occurrence than a diversified fund.</font> </p> The fund is non-diversified, which means that the fund may invest a relatively high percentage of its assets in a limited number of issuers. Therefore, the fund's performance may be more vulnerable to changes in the market value of a single issuer or group of issuers and more susceptible to risks associated with a single economic, political or regulatory occurrence than a diversified fund. The fund's share price fluctuates, sometimes dramatically, which means you could lose money. An investment in the fund is not a bank deposit. It is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Fees and Expenses <p style="text-align:left;"> <font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: ;">This table describes the fees and expenses that you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in certain funds in the Dreyfus Family of Funds. More information about these and other discounts is available from your financial professional and in the Shareholder Guide section beginning on page 12 of the Prospectus and in the How to Buy Shares section and the Additional Information About How to Buy Shares section beginning on page II-1 and page III-1, respectively, of the fund's Statement of Additional Information.</font> </p> 0.0575 0.0000 0.0000 0.0000 0.0100 0.0000 0.0090 0.0090 0.0090 0.0000 0.0075 0.0000 0.0050 0.0050 0.0009 0.0140 0.0215 0.0099 -0.0010 -0.0010 0.0130 0.0205 0.0099 ~ http://dreyfus.com/20130508/role/ScheduleShareholderFees20001 column dei_LegalEntityAxis compact ck0000737520_S000024356Member row primary compact * ~ ~ http://dreyfus.com/20130508/role/ScheduleAnnualFundOperatingExpenses20002 column dei_LegalEntityAxis compact ck0000737520_S000024356Member row primary compact * ~ 2014-04-01 You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in certain funds in the Dreyfus Family of Funds. Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 50000 Class A shares bought without an initial sales charge as part of an investment of $1 million or more may be charged a deferred sales charge of 1.00% if redeemed within one year. Shareholder Fees (fees paid directly from your investment) Performance <p style="text-align: left;"> <font style="font-size: 10pt; font-style: normal; font-weight: normal; color: #000000;">The following bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in the performance of the fund's Class A shares from year to year. The table compares the average annual total returns of the fund's shares to those of a broad measure of market performance. The fund's past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future. Sales charges, if any, are not reflected in the bar chart, and if those charges were included, returns would have been less than those shown. More recent performance information may be available at</font> <font><font style="text-decoration: underline;"><font style="font-size: 10pt; font-style: normal; font-weight: normal; color: #000000;">www.dreyfus.com</font></font></font><font style="font-size: 10pt; font-style: normal; font-weight: normal; color: #000000;">.</font> </p> Year-by-Year Total Returns as of 12/31 each year (%) Class A 0.2951 0.2763 -0.0537 0.1766 ~ http://dreyfus.com/20130508/role/ScheduleAnnualTotalReturnsBarChart20005 column dei_LegalEntityAxis compact ck0000737520_S000024356Member column rr_ProspectusShareClassAxis compact ck0000737520_C000072172Member row primary compact * ~ Best Quarter 0.2103 2009-09-30 Worst Quarter -0.2222 2011-09-30 <p style="margin-left: 04.00pt; text-align: left;"> <font><strong><font style="font-size: 10.0pt; font-style: normal;">Best Quarter</font></strong></font><font style="font-size: 10.0pt; font-style: normal; font-weight: normal;"><br /> Q3, 2009: 21.03%</font> </p> <br/><p style="margin-left: 04.00pt; text-align: left;"> <font><strong><font style="font-size: 10.0pt; font-style: normal;">Worst Quarter</font></strong></font><font style="font-size: 10.0pt; font-style: normal; font-weight: normal;"><br /> Q3, 2011: -22.22%</font> </p> <p style="text-align:left;"> <font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: ;">After-tax performance is shown only for Class A shares. After-tax performance of the fund's other share classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.</font> </p> 0.1090 0.1524 0.0985 0.1410 0.0793 0.1293 0.1580 0.1609 0.1808 0.1731 0.1805 0.1376 2008-12-17 2008-12-31 2008-12-17 2008-12-17 ~ http://dreyfus.com/20130508/role/ScheduleAverageAnnualReturnsTransposed20006 column dei_LegalEntityAxis compact ck0000737520_S000024356Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ After-tax returns are calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. The following bar chart and table provide some indication of the risks of investing in the fund. The fund's past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future. After-tax performance is shown only for Class A shares. After-tax performance of the fund's other share classes will vary. reflects no deduction for fees, expenses or taxes Sales charges, if any, are not reflected in the bar chart, and if those charges were included, returns would have been less than those shown. www.dreyfus.com Actual after-tax returns depend on the investor's tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. Average Annual Total Returns (as of 12/31/12) Portfolio Turnover <p style="text-align:left;"> <font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: ;">The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 74.74% of the average value of its portfolio.</font> </p> 0.7474 Example <p style="text-align:left;"> <font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: ;">The Example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the fund's operating expenses remain the same. The one-year example and the first year of the three-, five- and ten-years examples are based on net operating expenses, which reflect the expense waiver/reimbursement by The Dreyfus Corporation. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</font> </p> 700 983 1288 2150 308 663 1145 2475 101 315 547 1213 700 983 1288 2150 208 663 1145 2475 101 315 547 1213 ~ http://dreyfus.com/20130508/role/ScheduleExpenseExampleTransposed20003 column dei_LegalEntityAxis compact ck0000737520_S000024356Member row primary compact * ~ ~ http://dreyfus.com/20130508/role/ScheduleExpenseExampleNoRedemptionTransposed20004 column dei_LegalEntityAxis compact ck0000737520_S000024356Member row primary compact * ~ You would pay the following expenses if you did not redeem your shares: Principal Investment Strategy <p style="text-align:left;"> <font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: ;">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 small cap companies. The fund currently considers small cap companies to be those companies with market capitalizations that fall within the range of companies in the Russell 2000<font><sup><sup>&#174;</sup></sup></font>Value Index. Because the fund may continue to hold a security whose market capitalization increases or decreases, a substantial portion of the fund's holdings can have market capitalizations outside the range of the Russell 2000<font><sup><sup>&#174;</sup></sup></font> Value Index at any given time. The fund may invest up to 15% of its assets in foreign securities.</font> </p> <br/><p style="text-align:left;"> <font color="#000000" style="font-size:10.0pt;font-style:normal;font-weight:normal; font-family: ;">The fund uses a "multi-manager" approach by selecting one or more subadvisers to manage the fund's assets. The fund may hire, terminate or replace subadvisers and modify material terms and conditions of subadvisory arrangements without shareholder approval. 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The fund seeks capital appreciation.

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This table describes the fees and expenses that you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in certain funds in the Dreyfus Family of Funds. More information about these and other discounts is available from your financial professional and in the Shareholder Guide section beginning on page 12 of the Prospectus and in the How to Buy Shares section and the Additional Information About How to Buy Shares section beginning on page II-1 and page III-1, respectively, of the fund's Statement of Additional Information.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2014-04-01
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 74.74% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 74.74%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in certain funds in the Dreyfus Family of Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 50,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The Example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the fund's operating expenses remain the same. The one-year example and the first year of the three-, five- and ten-years examples are based on net operating expenses, which reflect the expense waiver/reimbursement by The Dreyfus Corporation. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption You would pay the following expenses if you did not redeem your shares:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategy
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

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 small cap companies. The fund currently considers small cap companies to be those companies with market capitalizations that fall within the range of companies in the Russell 2000®Value Index. Because the fund may continue to hold a security whose market capitalization increases or decreases, a substantial portion of the fund's holdings can have market capitalizations outside the range of the Russell 2000® Value Index at any given time. The fund may invest up to 15% of its assets in foreign securities.


The fund uses a "multi-manager" approach by selecting one or more subadvisers to manage the fund's assets. The fund may hire, terminate or replace subadvisers and modify material terms and conditions of subadvisory arrangements without shareholder approval. The fund's assets are currently allocated among seven subadvisers, each of which acts independently of the others and uses its own methodology to select portfolio investments.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

An investment in the fund is not a bank deposit. It is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. It is not a complete investment program. The fund's share price fluctuates, sometimes dramatically, which means you could lose money.


· Risks of stock investing. Stocks generally fluctuate more in value than bonds and may decline significantly over short time periods. There is the chance that stock prices overall will decline because stock markets tend to move in cycles, with periods of rising prices and falling prices. The market value of a stock may decline due to general weakness in the stock market or because of factors that affect the company or its particular industry.


· Small and midsize company risk. Small and midsize companies carry additional risks because the operating histories of these companies tend to be more limited, their earnings and revenues less predictable (and some companies may be experiencing significant losses), and their share prices more volatile than those of larger, more established companies. The shares of smaller companies tend to trade less frequently than those of larger, more established companies, which can adversely affect the pricing of these securities and the fund's ability to sell these securities.


· Value stock risk. Value stocks involve the risk that they may never reach their expected full market value, either because the market fails to recognize the stock's intrinsic worth or the expected value was misgauged. They also may decline in price even though in theory they are already undervalued.


· Market sector risk. The fund may significantly overweight or underweight certain companies, industries or market sectors, which may cause the fund's performance to be more or less sensitive to developments affecting those companies, industries or sectors.


· Liquidity risk. When there is little or no active trading market for specific types of securities, it can become more difficult to sell the securities at or near their perceived value. In such a market, the value of such securities and the fund's share price may fall dramatically. Investments in foreign securities tend to have greater exposure to liquidity risk than domestic securities.


· Foreign investment risk. To the extent the fund invests in foreign securities, the fund's performance will be influenced by political, social and economic factors affecting investments in foreign issuers. Special risks associated with investments in foreign issuers include exposure to currency fluctuations, less liquidity, less developed or less efficient trading markets, lack of comprehensive company information, political and economic instability and differing auditing and legal standards. Investments denominated in foreign currencies are subject to the risk that such currencies will decline in value relative to the U.S. dollar and affect the value of these investments held by the fund.


· Multi-manager risk. Each subadviser makes investment decisions independently, and it is possible that the investment styles of the subadvisers may not complement one another. As a result, the fund's exposure to a given stock, industry or investment style could unintentionally be greater or smaller than it would have been if the fund had a single adviser. In addition, if one subadviser buys a security during a time frame when another subadviser sells it, the fund will incur transaction costs and the fund's net position in the security may be approximately the same as it would have been with a single adviser and no such sale and purchase.


· Allocation risk. There can be no assurance that the allocation of the fund's assets among the subadvisers will be effective in achieving the fund's investment goal.


· Non-diversification risk. The fund is non-diversified, which means that the fund may invest a relatively high percentage of its assets in a limited number of issuers. Therefore, the fund's performance may be more vulnerable to changes in the market value of a single issuer or group of issuers and more susceptible to risks associated with a single economic, political or regulatory occurrence than a diversified fund.

Risk Lose Money [Text] rr_RiskLoseMoney The fund's share price fluctuates, sometimes dramatically, which means you could lose money.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus The fund is non-diversified, which means that the fund may invest a relatively high percentage of its assets in a limited number of issuers. Therefore, the fund's performance may be more vulnerable to changes in the market value of a single issuer or group of issuers and more susceptible to risks associated with a single economic, political or regulatory occurrence than a diversified fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the fund is not a bank deposit. It is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in the performance of the fund's Class A shares from year to year. The table compares the average annual total returns of the fund's shares to those of a broad measure of market performance. The fund's past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future. Sales charges, if any, are not reflected in the bar chart, and if those charges were included, returns would have been less than those shown. More recent performance information may be available at www.dreyfus.com.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following bar chart and table provide some indication of the risks of investing in the fund.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.dreyfus.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The fund's past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Year-by-Year Total Returns as of 12/31 each year (%) Class A
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads Sales charges, if any, are not reflected in the bar chart, and if those charges were included, returns would have been less than those shown.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best Quarter
Q3, 2009: 21.03%


Worst Quarter
Q3, 2011: -22.22%

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 21.03%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (22.22%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes reflects no deduction for fees, expenses or taxes
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on the investor's tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax performance is shown only for Class A shares. After-tax performance of the fund's other share classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

After-tax performance is shown only for Class A shares. After-tax performance of the fund's other share classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns (as of 12/31/12)
Russell 2000®Value Index reflects no deduction for fees, expenses or taxes*
 
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 18.05% [1]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 13.76% [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Dec. 31, 2008 [1]
Class A
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum deferred sales charge (load) (as a percentage of lower of purchase or sale price) rr_MaximumDeferredSalesChargeOverOther none [2]
Management fees rr_ManagementFeesOverAssets 0.90%
Distribution (Rule 12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses (including shareholder services fees) rr_OtherExpensesOverAssets 0.50%
Total annual fund operating expenses rr_ExpensesOverAssets 1.40% [3]
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.10%)
Total annual fund operating expenses (after fee waiver and/or expense reimbursement) rr_NetExpensesOverAssets 1.30%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock Class A shares bought without an initial sales charge as part of an investment of $1 million or more may be charged a deferred sales charge of 1.00% if redeemed within one year.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 700
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 983
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,288
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,150
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 700
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 983
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,288
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 2,150
Annual Return 2009 rr_AnnualReturn2009 29.51%
Annual Return 2010 rr_AnnualReturn2010 27.63%
Annual Return 2011 rr_AnnualReturn2011 (5.37%)
Annual Return 2012 rr_AnnualReturn2012 17.66%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 10.90%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 15.24%
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Dec. 17, 2008
Class A | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 9.85%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 14.10%
Class A | After Taxes on Distributions and Sales
 
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 7.93%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 12.93%
Class C
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of lower of purchase or sale price) rr_MaximumDeferredSalesChargeOverOther 1.00%
Management fees rr_ManagementFeesOverAssets 0.90%
Distribution (Rule 12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Other expenses (including shareholder services fees) rr_OtherExpensesOverAssets 0.50%
Total annual fund operating expenses rr_ExpensesOverAssets 2.15% [3]
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.10%)
Total annual fund operating expenses (after fee waiver and/or expense reimbursement) rr_NetExpensesOverAssets 2.05%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 308
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 663
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,145
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,475
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 208
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 663
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,145
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 2,475
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 15.80%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 16.09%
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Dec. 17, 2008
Class I
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of lower of purchase or sale price) rr_MaximumDeferredSalesChargeOverOther none
Management fees rr_ManagementFeesOverAssets 0.90%
Distribution (Rule 12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses (including shareholder services fees) rr_OtherExpensesOverAssets 0.09%
Total annual fund operating expenses rr_ExpensesOverAssets 0.99% [3]
Total annual fund operating expenses (after fee waiver and/or expense reimbursement) rr_NetExpensesOverAssets 0.99%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 101
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 315
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 547
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,213
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 101
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 315
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 547
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,213
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 18.08%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 17.31%
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Dec. 17, 2008
[1] For comparative purposes, the value of the Index on 12/31/08 is used as the beginning value on 12/17/08.
[2] Class A shares bought without an initial sales charge as part of an investment of $1 million or more may be charged a deferred sales charge of 1.00% if redeemed within one year.
[3] The Dreyfus Corporation has contractually agreed, until at least April 1, 2014, to waive receipt of its fees and/or assume the expenses of the fund so that the expenses of none of the classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest, brokerage commissions, commitment fees and extraordinary expenses) exceed 1.05%.
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Dreyfus Select Managers Small Cap Value Fund
Fund Summary
Investment Objective

The fund seeks capital appreciation.

Fees and Expenses

This table describes the fees and expenses that you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in certain funds in the Dreyfus Family of Funds. More information about these and other discounts is available from your financial professional and in the Shareholder Guide section beginning on page 12 of the Prospectus and in the How to Buy Shares section and the Additional Information About How to Buy Shares section beginning on page II-1 and page III-1, respectively, of the fund's Statement of Additional Information.

Shareholder Fees (fees paid directly from your investment)
Shareholder Fees Dreyfus Select Managers Small Cap Value Fund
Class A
Class C
Class I
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) 5.75% none none
Maximum deferred sales charge (load) (as a percentage of lower of purchase or sale price) none [1] 1.00% none
[1] Class A shares bought without an initial sales charge as part of an investment of $1 million or more may be charged a deferred sales charge of 1.00% if redeemed within one year.
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses Dreyfus Select Managers Small Cap Value Fund
Class A
Class C
Class I
Management fees 0.90% 0.90% 0.90%
Distribution (Rule 12b-1) fees none 0.75% none
Other expenses (including shareholder services fees) 0.50% 0.50% 0.09%
Total annual fund operating expenses [1] 1.40% 2.15% 0.99%
Fee waiver and/or expense reimbursement (0.10%) (0.10%)  
Total annual fund operating expenses (after fee waiver and/or expense reimbursement) 1.30% 2.05% 0.99%
[1] The Dreyfus Corporation has contractually agreed, until at least April 1, 2014, to waive receipt of its fees and/or assume the expenses of the fund so that the expenses of none of the classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest, brokerage commissions, commitment fees and extraordinary expenses) exceed 1.05%.
Example

The Example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the fund's operating expenses remain the same. The one-year example and the first year of the three-, five- and ten-years examples are based on net operating expenses, which reflect the expense waiver/reimbursement by The Dreyfus Corporation. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example Dreyfus Select Managers Small Cap Value Fund (USD $)
1 Year
3 Years
5 Years
10 Years
Class A
700 983 1,288 2,150
Class C
308 663 1,145 2,475
Class I
101 315 547 1,213
You would pay the following expenses if you did not redeem your shares:
Expense Example No Redemption Dreyfus Select Managers Small Cap Value Fund (USD $)
1 Year
3 Years
5 Years
10 Years
Class A
700 983 1,288 2,150
Class C
208 663 1,145 2,475
Class I
101 315 547 1,213
Portfolio Turnover

The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 74.74% of the average value of its portfolio.

Principal Investment Strategy

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 small cap companies. The fund currently considers small cap companies to be those companies with market capitalizations that fall within the range of companies in the Russell 2000®Value Index. Because the fund may continue to hold a security whose market capitalization increases or decreases, a substantial portion of the fund's holdings can have market capitalizations outside the range of the Russell 2000® Value Index at any given time. The fund may invest up to 15% of its assets in foreign securities.


The fund uses a "multi-manager" approach by selecting one or more subadvisers to manage the fund's assets. The fund may hire, terminate or replace subadvisers and modify material terms and conditions of subadvisory arrangements without shareholder approval. The fund's assets are currently allocated among seven subadvisers, each of which acts independently of the others and uses its own methodology to select portfolio investments.

Principal Risks

An investment in the fund is not a bank deposit. It is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. It is not a complete investment program. The fund's share price fluctuates, sometimes dramatically, which means you could lose money.


· Risks of stock investing. Stocks generally fluctuate more in value than bonds and may decline significantly over short time periods. There is the chance that stock prices overall will decline because stock markets tend to move in cycles, with periods of rising prices and falling prices. The market value of a stock may decline due to general weakness in the stock market or because of factors that affect the company or its particular industry.


· Small and midsize company risk. Small and midsize companies carry additional risks because the operating histories of these companies tend to be more limited, their earnings and revenues less predictable (and some companies may be experiencing significant losses), and their share prices more volatile than those of larger, more established companies. The shares of smaller companies tend to trade less frequently than those of larger, more established companies, which can adversely affect the pricing of these securities and the fund's ability to sell these securities.


· Value stock risk. Value stocks involve the risk that they may never reach their expected full market value, either because the market fails to recognize the stock's intrinsic worth or the expected value was misgauged. They also may decline in price even though in theory they are already undervalued.


· Market sector risk. The fund may significantly overweight or underweight certain companies, industries or market sectors, which may cause the fund's performance to be more or less sensitive to developments affecting those companies, industries or sectors.


· Liquidity risk. When there is little or no active trading market for specific types of securities, it can become more difficult to sell the securities at or near their perceived value. In such a market, the value of such securities and the fund's share price may fall dramatically. Investments in foreign securities tend to have greater exposure to liquidity risk than domestic securities.


· Foreign investment risk. To the extent the fund invests in foreign securities, the fund's performance will be influenced by political, social and economic factors affecting investments in foreign issuers. Special risks associated with investments in foreign issuers include exposure to currency fluctuations, less liquidity, less developed or less efficient trading markets, lack of comprehensive company information, political and economic instability and differing auditing and legal standards. Investments denominated in foreign currencies are subject to the risk that such currencies will decline in value relative to the U.S. dollar and affect the value of these investments held by the fund.


· Multi-manager risk. Each subadviser makes investment decisions independently, and it is possible that the investment styles of the subadvisers may not complement one another. As a result, the fund's exposure to a given stock, industry or investment style could unintentionally be greater or smaller than it would have been if the fund had a single adviser. In addition, if one subadviser buys a security during a time frame when another subadviser sells it, the fund will incur transaction costs and the fund's net position in the security may be approximately the same as it would have been with a single adviser and no such sale and purchase.


· Allocation risk. There can be no assurance that the allocation of the fund's assets among the subadvisers will be effective in achieving the fund's investment goal.


· Non-diversification risk. The fund is non-diversified, which means that the fund may invest a relatively high percentage of its assets in a limited number of issuers. Therefore, the fund's performance may be more vulnerable to changes in the market value of a single issuer or group of issuers and more susceptible to risks associated with a single economic, political or regulatory occurrence than a diversified fund.

Performance

The following bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in the performance of the fund's Class A shares from year to year. The table compares the average annual total returns of the fund's shares to those of a broad measure of market performance. The fund's past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future. Sales charges, if any, are not reflected in the bar chart, and if those charges were included, returns would have been less than those shown. More recent performance information may be available at www.dreyfus.com.

Year-by-Year Total Returns as of 12/31 each year (%) Class A
Bar Chart

Best Quarter
Q3, 2009: 21.03%


Worst Quarter
Q3, 2011: -22.22%

Average Annual Total Returns (as of 12/31/12)

After-tax performance is shown only for Class A shares. After-tax performance of the fund's other share classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

Average Annual Returns Dreyfus Select Managers Small Cap Value Fund
Average Annual Returns, 1 Year
Average Annual Returns, Since Inception
Average Annual Returns, Inception Date
Class A
10.90% 15.24% Dec. 17, 2008
Class C
15.80% 16.09% Dec. 17, 2008
Class I
18.08% 17.31% Dec. 17, 2008
After Taxes on Distributions Class A
9.85% 14.10%  
After Taxes on Distributions and Sales Class A
7.93% 12.93%  
Russell 2000®Value Index reflects no deduction for fees, expenses or taxes*
[1] 18.05% 13.76% Dec. 31, 2008
[1] For comparative purposes, the value of the Index on 12/31/08 is used as the beginning value on 12/17/08.
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XML 14 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Document and Entity Information
0 Months Ended
Nov. 30, 2012
Risk/Return:  
Document Type 497
Document Period End Date Nov. 30, 2012
Registrant Name Strategic Funds, Inc.
Central Index Key 0000737520
Amendment Flag false
Document Creation Date May 08, 2013
Document Effective Date May 08, 2013
Prospectus Date May 08, 2013
Dreyfus Select Managers Small Cap Value Fund | Class A
 
Risk/Return:  
Trading Symbol DMVAX
Dreyfus Select Managers Small Cap Value Fund | Class C
 
Risk/Return:  
Trading Symbol DMECX
Dreyfus Select Managers Small Cap Value Fund | Class I
 
Risk/Return:  
Trading Symbol DMVIX
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