497 1 lp1group5.htm SUPPLEMENT TO PROSPECTUS AND SAI lp1group5.htm - Generated by SEC Publisher for SEC Filing  

 

September 17, 2012

 

 

The Dreyfus/Laurel Funds, Inc.

- Dreyfus Bond Market Index Fund

 

Supplement to Summary and Statutory Prospectus

dated March 1, 2012

 

 

The following information supersedes and replaces the information contained in the section of the prospectus entitled "Fund Summary – Portfolio Management":

 

The fund's investment adviser is The Dreyfus Corporation.  Nancy Rogers is the fund's primary portfolio manager, a position she has held since February 2010.  Ms. Rogers is a Vice President and Senior Portfolio Manager of Index Strategies for BNY Mellon Cash Investment Strategies, a division of The Dreyfus Corporation. 

 

The following information supersedes and replaces the portfolio manager information contained in the section of the prospectus entitled "Fund Details – Management":   

 

Nancy Rogers is the fund's primary portfolio manager, a position she has held since February 2010.  Ms. Rogers has been employed by Dreyfus since October 2007 and is a Vice President and Senior Portfolio Manager of Index Strategies for BNY Mellon Cash Investment Strategies, a division of Dreyfus, and is responsible for the portfolio management of domestic and international index portfolios for Dreyfus.  Ms. Rogers has been with BNY Mellon for 22 years.

 

 

Effective January 1, 2013:

 

The following information supersedes and replaces the information contained in the section of the prospectus entitled "Fund Summary – Portfolio Management":

 

The fund's investment adviser is The Dreyfus Corporation.  Nancy Rogers and Zandra Zelaya, CFA are the fund's primary portfolio managers, positions they have held since February 2010 and January 2013, respectively.  Ms. Rogers is a Director, Senior Portfolio Manager and Team Leader at Mellon Capital Management Corporation (Mellon Capital), an affiliate of The Dreyfus Corporation.  Ms. Zelaya is a Director and Senior Portfolio Manager of fixed income at Mellon Capital.  Ms. Rogers and Ms. Zelaya are dual employees of Mellon Capital and The Dreyfus Corporation and manage the fund as employees of The Dreyfus Corporation.

 

The following information supersedes and replaces the portfolio manager information contained in the section of the prospectus entitled "Fund Details – Management":   

 

Nancy Rogers and Zandra Zelaya, CFA are the fund's primary portfolio managers, positions they have held since February 2010 and January 2013, respectively.  Ms. Rogers is a Director, Senior Portfolio Manager and Team Leader at Mellon Capital Management Corporation (Mellon Capital), an affiliate of Dreyfus, which she joined in January 2013.  She has been employed by Dreyfus since October 2007 and has been with BNY Mellon for 22 years.  Ms. Zelaya is a Director and Senior Portfolio Manager of fixed income at Mellon Capital and is responsible for passive fixed income portfolios.  Ms. Zelaya has been with Mellon Capital for 15 years and also has been employed by Dreyfus since January 2013.  Ms. Rogers and Ms. Zelaya manage the fund as employees of Dreyfus.

 

 

September 17, 2012

 

 

The Dreyfus/Laurel Funds, Inc.

- Dreyfus Bond Market Index Fund

 

THE DREYFUS/LAUREL FUNDS TRUST

- Dreyfus High Yield Fund

 

Supplement to Statement of Additional Information

dated January 1, 2012 as revised or amended February 1, 2012, March 1, 2012,

May 1, 2012, June 18, 2012 and July 30, 2012

 

 

The following information supersedes and replaces the portfolio manager information contained in the section of DHYF's Statement of Additional Information entitled "Certain Portfolio Manager Information":

 

The following table lists DHYF's portfolio managers who are in addition to the primary portfolio managers listed in the prospectus.  See the prospectus for a list of, and certain other information regarding, the primary portfolio managers.

Fund

Additional Portfolio Managers

 

 

DHYF

Dean Graves, Stephen Sylvester

 

 

The following information supersedes and replaces any contrary information contained in the section of the funds' Statement of Additional Information entitled "Certain Portfolio Manager Information":

 

The following table lists the number and types of accounts (including the funds) advised by each fund's primary portfolio manager(s) and assets under management in those accounts as of the end of the last fiscal year of the funds they manage, unless otherwise indicated:

Primary
Portfolio Manager

Registered Investment Companies

Total Assets Managed

Other Pooled Investment Vehicles

Total Assets Managed

Other Accounts

Total Assets Managed

 

 

 

 

 

 

 

Chris Barris

2

$1.4B

5

$2.7B

0

$0

C. Wesley Boggs

10

$1.4B

11

$612.0M

61

$7B

David R. Bowser

5

$1.8B

6

$1.2B

64

$5.4B

James Boyd

6

$2.2B

2

$402.5M

26

$2.6B

Stephanie K. Brandaleone

 

3

 

$1.1B

 

3

 

$183.7M

 

22

 

$1.1B

Richard A. Brown

81

$37.7B

82

$60.0B

67

$60.4B

Thomas Casey

6

$3.6B

0

$0

144

$1.9B

Warren Chiang

10

$1.4B

11

$612.0M

61

$7B

Joseph M. Corrado

3

$1.1B

3

$183.7M

22

$1.1B

Catherine P. Crain1

5

$5.3B

0

$0

96

$3.8B

Kevin Cronk2

2

$1.4B

0

$0

0

$0

David Daglio

6

$2.2B

2

$402.5M

26

$2.6B

Thomas J. Durante

81

$37.7B

82

$60.0B

67

$60.4B

Dale Dutile

6

$2.2B

2

$402.5M

26

$2.6B

Sean P. Fitzgibbon1

19

$5.2B

5

$229.9M

15

$1.3B

Ronald Gala

10

$1.4B

11

$612.0M

61

$7B

James Harries

1

$16.5M

4

$4.0B

2

$1.4B

Steven W. Harvey

4

$1.8B

1

$321.8M

277

$2.3B

Robert Hay

0

$0

5

$1.03B

5

$888.6M

David Horsfall

1

$33M

2

$345.0M

1

$197M

Jeff Jacobe1

5

$5.3B

1

$15.0M

81

$3.9B

Creighton Kang

6

$2.2B

2

$402.5M

26

$2.6B

Alexander Kozhemiakin

5

$4.0B

4

$3.6B

24

$3.1B

David Leduc3

3

$1.7B

4

$2.6B

12

$4.4B

Gentry Lee1

5

$5.3B

16

$2.1B

151

$5.9B

Jay Malikowski

17

$4.5B

5

$213.8M

17

$1.4B

Paul Markham

1

$439.7M

5

$847.0M

7

$2.3B

Jeffrey D. McGrew1

19

$5.2B

5

$229.9M

15

$1.3B

Javier Murcio

5

$4.0B

4

$3.6B

24

$3.1B

Brendan Murphy3

3

$1.7B

4

$2.6B

12

$4.4B

Jocelin A. Reed

10

$1.4B

11

$612.0M

61

$7B

Nancy Rogers

2

$2.3B

4

$488.2M

6

$4.3B

Christopher B. Sarofim1

5

$5.3B

0

$0

13

$2.2B

Fayez S. Sarofim1

5

$5.3B

16

$2.1B

430

$12.9B

Charles E. Sheedy1

5

$5.3B

14

$2.0B

65

$1.9B

Christine L. Todd

1

$135.8M

1

$322.5M

80

$3.7B

P. Hans Von Der Luft

5

$805.8M

3

$500.5M

29

$1.7B

Todd Wakefield

5

$805.8M

3

$500.5M

29

$1.7B

B. Randall Watts3

5

$884.3M

3

$560.8M

29

$1.9B

Karen Q. Wong

81

$37.7B

82

$60.0B

67

$60.4B

Zandra Zelaya4

14

$7.2B

31

$16.0B

29

$5.1B

Robert C. Zeuthen

5

$884.3M

3

$560.8M

29

$1.9B

 

 
 

 

 

1          Since the portfolio manager is a primary portfolio manager for multiple funds, information is only provided as of October 31, 2011.

2       Mr. Cronk became a primary portfolio manager of the fund effective September 14, 2012.  As a result, his information is as of July 31, 2012.

3          Since the portfolio manager is a primary portfolio manager for multiple funds, information is only provided as of December 31, 2011.

4       Ms. Zelaya will become a primary portfolio manager of the fund effective January 1, 2013.  As a result, her information is as of July 31, 2012.

           

The following table provides information on accounts managed (included within the table above) by each primary portfolio manager that are subject to performance-based advisory fees:

 

 
 

 

 

Primary
Portfolio Manager

Type of Account

Number of Accounts

Total Assets of Accounts

 

 

 

 

Chris Barris

None

N/A

N/A

C. Wesley Boggs

Registered Investment Companies

N/A

N/A

 

Other Pooled Investment Vehicles

1

$77M

 

Other Accounts

10

$1.6B

David R. Bowser

None

N/A

N/A

James Boyd

Other Accounts

3

$675.4M

Stephanie K. Brandaleone

None

N/A

N/A

Richard A. Brown

None

N/A

N/A

Thomas Casey

None

N/A

N/A

Warren Chiang

Registered Investment Companies

N/A

N/A

 

Other Pooled Investment Vehicles

1

$77M

 

Other Accounts

10

$1.6B

Joseph M. Corrado

None

N/A

N/A

Catherine P. Crain1

None

N/A

N/A

Kevin Cronk2

None

N/A

N/A

David Daglio

Other Accounts

3

$675.4M

Thomas J. Durante

None

N/A

N/A

Dale Dutile

Other Accounts

3

$675.4M

Sean P. Fitzgibbon1

Other Accounts

3

$45.7M

Ronald Gala

Registered Investment Companies

N/A

N/A

 

Other Pooled Investment Vehicles

1

$77M

 

Other Accounts

10

$1.6B

James Harries

None

N/A

N/A

Steven W. Harvey

None

N/A

N/A

Robert Hay

None

N/A

N/A

David Horsfall

None

N/A

N/A

Jeff Jacobe1

None

N/A

N/A

Creighton Kang

Other Accounts

3

$675.4M

Alexander Kozhemiakin

None

N/A

N/A

David Leduc3

None

N/A

N/A

Gentry Lee1

None

N/A

N/A

Jay Malikowski

Other

3

$45.4M

Paul Markham

Other Accounts

2

$413.2M

Jeffrey D. McGrew1

Other Accounts

3

$45.7M

Javier Murcio

None

N/A

N/A

Brendan Murphy3

None

N/A

N/A

Jocelin A. Reed

Registered Investment Companies

N/A

N/A

 

Other Pooled Investment Vehicles

1

$77M

 

Other Accounts

10

$1.6B

Nancy Rogers

Other Accounts

12

$7.1B

Christopher B. Sarofim1

None

N/A

N/A

Fayez S. Sarofim1

None

N/A

N/A

Charles E. Sheedy1

None

N/A

N/A

Christine L. Todd

None

N/A

N/A

P. Hans Von Der Luft

Other Accounts

3

$218.7M

Todd Wakefield

Other Accounts

3

$218.7M

B. Randall Watts3

Other Accounts

3

$217.2M

Karen Q. Wong

None

N/A

N/A

Zandra Zelaya4

Other Pooled Investment Vehicles

4

$259M

 

Other Accounts

1

$1.2B

Robert C. Zeuthen

Other Accounts

3

$217.2M

 

 
 

 

 

1          Since the portfolio manager is a primary portfolio manager for multiple funds, information is only provided as of October 31, 2011.

2       Mr. Cronk became a primary portfolio manager of the fund effective September 14, 2012.  As a result, his information is as of July 31, 2012.

3          Since the portfolio manager is a primary portfolio manager for multiple funds, information is only provided as of December 31, 2011.

4       Ms. Zelaya will become a primary portfolio manager of the fund effective January 1, 2013.  As a result, her information is as of July 31, 2012.

 

The following table lists the dollar range of fund shares beneficially owned by the primary portfolio manager(s) as of the end of the fund's last fiscal year:

Primary Portfolio Manager

Fund

Dollar Range of Fund Shares Beneficially Owned

 

 

 

Chris Barris

DHYF

None

C. Wesley Boggs

DEIF

None

David R. Bowser

D/SFIF

None

James Boyd

DSCF

None

Stephanie K. Brandaleone

D/TBCSCVF

None

Richard A. Brown

DBSPSIF

None

Thomas Casey

D/SITEBF

None

Warren Chiang

DEIF

None

Joseph M. Corrado

D/TBCSCVF

$100,001-$500,000

Catherine P. Crain

DCEF

None

 

DTMGF

None

Kevin Cronk*

DHYF

None

David Daglio

DSCF

None

Thomas J. Durante

DBSPSIF

$0-$10,000

Dale Dutile

DSCF

$100,001-$500,000

Sean P. Fitzgibbon

D/TBCEMCEF

$10,001-$50,000

 

D/TBCLCCF

None

 

DDSF

$10,001-$50,000

Ronald Gala

DEIF

None

James Harries

DGEIF

None

Steven W. Harvey

D/SITEBF

None

Robert Hay

DGEIF

None

David Horsfall

DOFIF

None

Jeff Jacobe

DCEF

None

 

DTMGF

None

Creighton Kang

DSCF

None

Alexander Kozhemiakin

DEMDLCF

None

David Leduc

D/SGFIF

None

 

D/SIFIF

None

 

DOFIF

None

 

DIBF

$0-$10,000

Gentry Lee

DCEF

None

 

DTMGF

None

Jay Malikowski

D/TBCEMCEF

None

Paul Markham

D/NIEF

None

Jeffrey D. McGrew

D/TBCLCCF

None

 

DDSF

None

Javier Murcio

DEMDLCF

None

Brendan Murphy

D/SGFIF

None

 

D/SIFIF

None

 

DIBF

$50,001-$100,000

Jocelin A. Reed

DEIF

None

Nancy Rogers

DBMIF

None

Christopher B. Sarofim

DCEF

None

 

DTMGF

None

Fayez S. Sarofim

DCEF

Over $1,000,000

 

DTMGF

Over $1,000,000

Charles E. Sheedy

DCEF

None

 

DTMGF

None

Christine L. Todd

D/SITEBF

None

P. Hans Von Der Luft

D/TBCSCGF

None

Todd Wakefield

D/TBCSCTSEF

None

 

D/TBCSMCGF

None

B. Randall Watts

DMCGF

None

 

D/TBCSCGF

None

 

D/TBCSCTSEF

None

 

D/TBCSMCGF

None

Karen Q. Wong

DBSPSIF

None

Zandra Zelaya**

DBMIF

None

Robert C. Zeuthen

DMCGF

None

 

 
 

 

 

*          Mr. Cronk became a primary portfolio manager of the fund effective September 14, 2012.  As a result, his information is as of July 31, 2012.

**        Ms. Zelaya will become a primary portfolio manager of the fund effective January 1, 2013.  As a result, her information is as of July 31, 2012.

 

 

Effective January 1, 2013:

 

The following information supplements the information contained in the section of the funds' Statement of Additional Information entitled "Management Arrangements – Portfolio Managers and Portfolio Manager Compensation":

 

Alcentra.  Alcentra NY, LLC's compensation arrangements include a fixed salary, discretionary cash bonus and a number of long term incentive plans that are structured to align an employee's interest with the firm's longer term goals.  Portfolio managers are compensated in line with portfolio performance, rather than the growth of assets under management.  Other factors that may be taken into consideration include asset selection and trade execution and management of portfolio risk.