N-Q 1 form.htm FORM N-Q form
UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION 
Washington, D.C. 20549 
 
 
FORM N-Q 
 
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT 
INVESTMENT COMPANY 
 
Investment Company Act file number 811-524 
 
The Dreyfus/Laurel Funds Trust 
(Exact name of Registrant as specified in charter) 
 
 
c/o The Dreyfus Corporation 
200 Park Avenue 
New York, New York 10166 
(Address of principal executive offices) (Zip code) 
 
Mark N. Jacobs, Esq. 
200 Park Avenue 
New York, New York 10166 
(Name and address of agent for service) 
 
Registrant's telephone number, including area code: (212) 922-6000 

Date of fiscal year end:    10/31 
Date of reporting period:    01/31/07 

The following Form N-Q relates only to Dreyfus Premier International Bond Fund, a series of the Registrant, and does not affect the other series of the Registrant, which have different fiscal year ends and, therefore, different Form N-Q reporting requirements. A separate Form N-Q will be filed for those series, as appropriate.


FORM N-Q

Item 1. Schedule of Investments.

STATEMENT OF INVESTMENTS                 
Dreyfus Premier International Bond Fund                 
January 31, 2007 (Unaudited)                 
 
        Coupon    Maturity    Principal     
Bonds and Notes--90.6%        Rate (%)    Date    Amount ($)    Value ($) 






Argentina--1.0%                     
Republic of Argentina BONAR,                     
Bonds , Ser. VII        7.00    9/12/13    60,000    59,340 
Australia--.3%                     
Queensland Treasury,                     
Gov't. Gtd. Notes, Ser. 11G    AUD    6.00    6/14/11    25,000 a    19,222 
Belgium--2.5%                     
Belgium Kingdom,                     
Bonds, Ser. 44    EUR    5.00    3/28/35    30,000 a    43,633 
Belgium Kingdom,                     
Bonds, Ser. 40    EUR    5.50    9/28/17    70,000 a    101,728 
                    145,361 
Canada--4.3%                     
Canadian Government,                     
Bonds    CAD    5.00    6/1/14    280,000 a    250,405 
Cayman Islands--.2%                     
BES Finance,                     
Bank Gtd. Notes    EUR    4.50    3/16/49    10,000 a,b    12,589 
France--7.2%                     
Dexia Municipal Agency,                     
Scd. Notes    JPY    0.80    5/21/12    27,000,000 a    217,692 
Government of France,                     
Bonds    EUR    4.75    4/25/35    140,000 a    196,966 
                    414,658 
Germany--12.2%                     
Bundesrepublik Deutschland,                     
Bonds, Ser. 05    EUR    3.25    7/4/15    96,000 a    118,103 
Bundesrepublik Deutschland,                     
Bonds, Ser. 05    EUR    3.50    1/4/16    65,000 a    81,107 
Bundesrepublik Deutschland,                     
Bonds, Ser. 03    EUR    3.75    7/4/13    60,000 a    76,813 
Bundesrepublik Deutschland,                     
Bonds, Ser. 03    EUR    4.25    1/4/14    65,000 a    85,564 
Bundesrepublik Deutschland,                     
Bonds, Ser. 03    EUR    4.75    7/4/34    85,000 a    119,901 
Kreditanstalt fuer Wiederaufbau,                     
Gtd. Bonds    JPY    1.75    3/23/10    26,000,000 a    220,829 
                    702,317 
Greece--1.3%                     
Hellenic Republic,                     
Bonds    EUR    3.70    7/20/15    60,000 a    75,090 
 
Ireland--8.1%                     
DEPFA ACS BANK,                     
Covered Public Loans    JPY    0.75    9/22/08    30,000,000 a    248,845 
DEPFA ACS BANK,                     
Covered Public Loans    JPY    1.65    12/20/16    10,000,000 a    82,118 
GE Capital European Funding,                     
Gtd. Notes    EUR    3.69    5/4/11    105,000 a,b    137,039 
                    468,002 
Italy--2.3%                     
Autostrade,                     
Gtd. Notes    EUR    4.11    6/9/11    100,000 a,b    131,224 
Japan--6.2%                     
Development Bank of Japan,                     
Gov't. Gtd. Bonds    JPY    1.40    6/20/12    8,000,000 a    66,714 
Development Bank of Japan,                     
Gov't. Gtd. Bonds    JPY    1.70    9/20/22    19,000,000 a    148,045 


Japan Finance for Municipal                     
Enterprises, Gov't. Gtd. Notes    JPY    1.35    11/26/13    11,000,000 a    90,538 
Japan Finance for Municipal                     
Enterprises, Gov't. Gtd. Bonds    JPY    1.55    2/21/12    6,000,000 a,c    50,438 
                    355,735 
Mexico--1.4%                     
Mexican Bonos,                     
Bonds, Ser. MI10    MXN    8.00    12/19/13    860,000 a    78,673 
Netherlands--6.2%                     
KPN,                     
Sr. Unsub. Bonds        8.38    10/1/30    5,000    5,643 
Netherlands Government,                     
Bonds    EUR    4.00    1/15/37    280,000 a    350,388 
                    356,031 
Poland--1.0%                     
Poland Government,                     
Bonds, Ser. 1015    PLN    6.25    10/24/15    160,000 a    57,537 
 
Supranational--4.2%                     
European Investment Bank,                     
Sr. Unscd. Notes    JPY    1.40    6/20/17    29,700,000 a    239,872 
 
Sweden--3.0%                     
Swedish Government,                     
Bonds, Ser. 1050    SEK    3.00    7/12/16    1,300,000 a    172,227 
 
United Kingdom--16.2%                     
FCE Bank,                     
Notes    EUR    4.72    9/30/09    80,000 a,b    103,317 
National Grid,                     
Sr. Unscd. Notes        6.30    8/1/16    25,000    25,904 
SABMiller,                     
Gtd. Notes        5.66    7/1/09    30,000 b,d    30,053 
United Kingdom Gilt,                     
Bonds    GBP    4.00    3/7/09    120,000 a    229,129 
United Kingdom Gilt,                     
Bonds    GBP    4.25    6/7/32    20,000 a    38,001 
United Kingdom Gilt,                     
Bonds    GBP    4.75    6/7/10    140,000 a    269,814 
United Kingdom Gilt,                     
Bonds    GBP    5.00    9/7/14    120,000 a    234,355 
                    930,573 
United States--13.0%                     
Bear Stearns Commercial Mortgage                 
Securities, Ser. 2006-PW14,                     
Cl. AAB        5.17    12/1/38    65,000    63,733 
Capital Auto Receivables Asset                     
Trust, Ser. 2006-2, Cl. B        5.07    12/15/11    20,000    19,779 
CIT Group,                     
Sr. Notes        5.51    1/30/09    25,000 b    25,061 
Citigroup,                     
Notes    JPY    0.80    10/30/08    2,900,000 a    24,016 
Countrywide Financial,                     
Gtd. Notes        5.59    3/24/09    25,000 b,c    25,072 
Crown Castle Towers,                     
Ser. 2006-1A, Cl. D        5.77    11/15/36    25,000 d    24,812 
Dominion Resources/VA,                     
Sr. Notes, Ser. D        5.66    9/28/07    25,000 b    25,013 
Georgia-Pacific,                     
Gtd. Notes        7.00    1/15/15    15,000 d    15,000 


Goldman Sachs Group,                     
Bonds    EUR    3.87    2/4/13    50,000 a    65,207 
Government National Mortgage Association I:                 
Ser. 2004-23, Cl. B, 2.95%,                     
3/16/19                33,846    32,406 
Ser. 2006-68, Cl. A, 3.89%,                     
7/16/26                24,942    24,047 
Ser. 2006-67, Cl. A, 3.95%,                     
11/16/30                54,904    52,971 
Ser. 2005-76, Cl. A, 3.96%,                     
5/16/30                34,085    33,035 
Ser. 2005-79, Cl. A, 4.00%,                     
10/16/33                33,792    32,820 
Home Equity Mortgage Trust,                     
Ser. 2006-5, Cl. A1        5.50    1/25/37    22,420 b    22,415 
Host Hotels & Resorts,                     
Gtd. Notes        6.88    11/1/14    10,000 d    10,088 
Lehman Brothers Holdings,                     
Notes        5.48    8/21/09    30,000 b    30,038 
Merrill Lynch & Co.,                     
Sr. Unscd. Notes, Ser. 1        5.45    12/4/09    55,000 b,c    55,044 
Morgan Stanley Capital I,                     
Ser. 2006-IQ12, Cl. A1        5.26    12/15/43    24,752    24,639 
NiSource Finance,                     
Gtd. Notes        5.94    11/23/09    25,000 b    25,033 
SunTrust Preferred Capital I,                     
Bank Gtd. Notes        5.85    12/31/49    10,000 b,c    10,101 
Time Warner,                     
Gtd. Notes        5.61    11/13/09    35,000 b    35,059 
U.S. Treasury Notes                     
3.00%, 11/15/07                30,000    29,528 
Washington Mutual Bank,                     
Notes        5.46    5/1/09    30,000 b    30,028 
Windstream,                     
Gtd. Notes        8.13    8/1/13    10,000    10,813 
Windstream,                     
Gtd. Notes        8.63    8/1/16    5,000    5,481 
                    751,239 
Total Bonds and Notes                     
(cost $5,209,535)                    5,220,095 
                Face Amount     
                Covered by     
Options--.3%                Contracts ($)    Value ($) 






Call Options--.1%                     
Australian Dollar,                     
April 2007 @ .7535                110,000    3,107 
Japanese Yen,                     
March 2007 @ 115                135,000    215 
                    3,322 
Put Options--.2%                     
Australian Dollar,                     
April 2007 @ .7535                110,000    608 
Canadian Dollar,                     
April 2007 @ 1.1266                105,000    4,755 
Japanese Yen,                     
March 2007 @ 115                135,000    6,355 
                    11,718 
Total Options                     
(cost $12,276)                    15,040 


        Principal     
Short-Term Investments--5.0%    Amount ($)    Value ($) 



Corporate Notes--2.0%         
Egyptian Treasury Bills,         
    9.36%, 2/8/07    110,000 d,e    113,047 
U.S. Government Agencies--2.7%         
Federal National Mortgage         
    Association, 5.11%, 2/20/07    160,000    159,569 
U.S. Treasury Bills--.3%         
    4.87%, 3/8/07    15,000 f    14,928 
Total Short-Term Investments         
    (cost $284,506)        287,544 
 
Investment of Cash Collateral for         
Securities Loaned--2.5%    Shares    Value ($) 



Registered Investment Company;         
Dreyfus Institutional Cash         
    Advantage Fund         
    (cost $145,016)    145,016 g    145,016 
 
Total Investments (cost $5,651,333)    98.4%    5,667,695 
Cash and Receivables (Net)    1.6%    89,642 
Net Assets    100.0%    5,757,337 
 
a    Principal amount stated in U.S. Dollars unless otherwise noted.     
    AUD--Australian Dollars         
    CAD--Canadian Dollars         
    EUR--Euro         
    GBP--British Pound         
    JPY--Japanese Yen         
    MXN--Mexican Peso         
    PLN--Polish Zloty         
    SEK--Swedish Krona         
b    Variable rate security--interest rate subject to periodic change.     
c    All or a portion of these securities are on loan. At January 31, 2007, the total market value of the fund's     
    securities on loan is $140,112 and the total market value of the collateral held by the fund is $145,016.     
d    Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in     
    transactions exempt from registration, normally to qualified institutional buyers. At January 31, 2007, these     
    securities amounted to $193,000 or 3.4% of net assets.     
e    Credit Linked Notes.         
f    All or partially held by a broker as collateral for open financial futures positions.     
g    Investment in affiliated money market mutual fund.     

Securities valuation policies and other investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the Securities and Exchange Commission on Form N-CSR.

STATEMENT OF FINANCIAL FUTURES             
January 31, 2007 (Unaudited)                 
 
        Market Value        Unrealized 
        Covered by        Appreciation 
    Contracts    Contracts ($)    Expiration    at 1/31/2007 ($) 





Financial Futures Short                 
U.S. Treasury 5 Year Notes    2    (209,063)    March 2007    1,775 
Financial Futures Long                 
Euro Bund 10 Year    2    299,635    March 2007    (2,098) 
                (323) 


Item 2. Controls and Procedures.

(a) The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b) There were no changes to the Registrant's internal control over financial reporting that occurred during the Registrant's most recently ended fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.

Item 3. Exhibits.

(a) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

The Dreyfus/Laurel Funds Trust: 
- Dreyfus Premier International Bond Fund 
 
By:    /s/ J. David Officer 
    J. David Officer 
    President 
 
Date:    March 22, 2007 
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 
1940, this Report has been signed below by the following persons on behalf of the Registrant and in the 
capacities and on the dates indicated. 
 
By:    /s/ J. David Officer 
    J. David Officer 
    President 
 
Date:    March 22, 2007 
 
By:    /s/ James Windels 
    James Windels 
    Treasurer 
 
Date:    March 22, 2007 
 
EXHIBIT INDEX
 
    (a) Certifications of principal executive and principal financial officers as required by Rule 30a- 
    2(a) under the Investment Company Act of 1940. (EX-99.CERT)