Dreyfus Emerging Markets Debt Local Currency Fund (Prospectus Summary) | Dreyfus Emerging Markets Debt Local Currency Fund

Fund Summary

Investment Objective

The fund seeks to maximize total return.

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 on page 10 of the Prospectus and in the How to Buy Shares section
on page B-45 of the fund's Statement of Additional Information. 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% if redeemed within one year.

Shareholder Fees (fees paid directly from your investment)

Shareholder Fees Dreyfus Emerging Markets Debt Local Currency Fund	Class A	Class C	Class I
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)	4.50%	none	none
Maximum deferred sales charge (load) (as a percentage of lower of purchase or sale price)	none	1.00%	none
Maximum redemption fee (as a percentage of transaction amount, charged only when selling shares you have owned fo less than 60 days)	2.00%	2.00%	2.00%

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses Dreyfus Emerging Markets Debt Local Currency Fund		Class A	Class C	Class I
Management fees		0.75%	0.75%	0.75%
Distribution (Rule 12b-1) fees		none	0.75%	none
Other expenses (including shareholder services fees)		0.52%	0.49%	0.22%
Total annual fund operating expenses		1.27%	1.99%	0.97%
Fee waiver and/or expense reimbursement	[1]
Total annual fund operating expenses (after fee waiver and/or expense reimbursement)		1.27%	1.99%	0.97%

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. Although your actual costs may be higher or lower, based on
these assumptions your costs would be:

Expense Example Dreyfus Emerging Markets Debt Local Currency Fund (USD $)	Expense Example, With Redemption, 1 Year	Expense Example, With Redemption, 3 Years	Expense Example, With Redemption, 5 Years	Expense Example, With Redemption, 10 Years
Class A	574	835	1,116	1,915
Class C	302	624	1,073	2,317
Class I	99	309	536	1,190

You would pay the following expenses if you did not redeem your shares:

Expense Example, No Redemption Dreyfus Emerging Markets Debt Local Currency Fund (USD $)	Expense Example, No Redemption, 1 Year	Expense Example, No Redemption, 3 Years	Expense Example, No Redemption, 5 Years	Expense Example, No Redemption, 10 Years
Class A	574	835	1,116	1,915
Class C	202	624	1,073	2,317
Class I	99	309	536	1,190

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
97.99% 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 borrowing for investment purposes, in emerging market bonds and other
debt instruments denominated in the local currency of issue, and in derivative
instruments that provide investment exposure to such securities. These
instruments consist primarily of emerging market government bonds and currency
forward exchange contracts. The fund's portfolio managers employ an investment
process that uses in depth fundamental country and currency analysis disciplined
by proprietary quantitative valuation models. A "top down" analysis of
macroeconomic, financial and political variables guides country and currency
allocation. The portfolio managers also consider other market technicals and the
global risk environment. The portfolio managers seek to identify shifts in
country fundamentals and consider the risk adjusted attractiveness of currency
and duration returns for each emerging market country. The fund is not
restricted as to credit quality when making investments in debt securities.

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.

o Foreign government obligations and securities of supranational entities risk.
Investing in foreign government obligations and the sovereign debt of emerging
market countries creates exposure to the direct or indirect consequences of
political, social or economic changes in the countries that issue the securities
or in which the issuers are located. Factors which may influence the ability or
willingness of a foreign government or country to service debt include a
country's cash flow situation, the availability of sufficient foreign exchange
on the date a payment is due, the relative size of its debt service burden to
the economy as a whole and its government's policy towards the International
Monetary Fund, the International Bank for Reconstruction and Development and
other international agencies, the obligor's balance of payments, including
export performance, its access to international credits and investments,
fluctuations in interest rates and the extent of its foreign reserves. A
governmental obligor may default on its obligations. These risks are heightened
with respect to emerging market countries.

o Foreign investment risk. Investments in foreign securities carry additional
risks, including exposure to currency fluctuations, less liquidity, less
developed or efficient trading markets, lack of comprehensive company
information, political instability and differing auditing and legal standards.
To the extent the fund's investment are concentrated in a limited number of
foreign countries, the fund's performance could be more volatile than that of
more geographically diversified funds.

o Emerging market risk. The securities of issuers located in emerging markets
tend to be more volatile and less liquid than securities of issuers located in
more mature economies, and emerging markets generally have less diverse and less
mature economic structures and less stable political systems than those of
developed countries. The securities of issuers located or doing substantial
business in emerging markets are often subject to rapid and large changes in
price.

o Credit risk. The instruments in which the fund invests may have ratings that
are below investment grade ("high yield" or "junk" bonds). High yield bonds
involve greater credit risk, including the risk of default, than investment
grade bonds, and are considered predominantly speculative with respect to the
issuer's ability to make principal and interest payments. The prices of high
yield bonds can fall dramatically in response to bad news about the issuer or
its industry, or the economy in general.

o Foreign currency risk. Investments in foreign currencies are subject to the
risk that those currencies will decline in value relative to the U.S. dollar,
which will reduce the value of investments denominated in those currencies held
by the fund.

o 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
may have greater exposure to liquidity risk than domestic securities. Liquidity
risk also exists when a particular derivative instrument is difficult to
purchase or sell. If a derivative transaction is particularly large or if the
relevant market is illiquid, it may not be possible to initiate a transaction or
liquidate a position at an advantageous time or price.

o Derivatives risk. A small investment in derivatives could have a potentially
large impact on the fund's performance. The use of derivatives involves risks
different from, or possibly greater than, the risks associated with investing
directly in the underlying assets. Derivatives can be highly volatile, illiquid
and difficult to value.

o 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 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 no guarantee of future
results. More recent performance information may be available at
www.dreyfus.com.

The bar chart shows changes in the performance of the fund's Class A shares
from year to year. 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.

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

Best Quarter
Q2, 2009: 14.82%
Worst Quarter
Q1, 2009: -4.57%

The year-to-date total return of the fund's Class A shares as of 6/30/11 was
1.39%.

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 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 Total Returns (as of 12/31/10)

Average Annual Total Returns Dreyfus Emerging Markets Debt Local Currency Fund	Average Annual Returns, Label		Average Annual Returns, 1 Year	Average Annual Returns, Since Inception	Average Annual Returns, Inception Date
Class A	Class A returns before taxes		6.55%	7.43%	Sep. 12, 2008
Class A After Taxes on Distributions	Class A returns after taxes on distributions		5.61%	6.37%	Sep. 12, 2008
Class A After Taxes on Distributions and Sales	Class A returns after taxes on distributions and sale of fund shares		4.27%	5.71%	Sep. 12, 2008
Class C	Class C returns before taxes		9.74%	8.77%	Sep. 12, 2008
Class I	Class I returns before taxes		11.96%	9.89%	Sep. 12, 2008
JP Morgan Government Bond Index	JP Morgan Government Bond Index - Emerging Markets Diversified reflects no deduction for fees, expenses or taxes	[1]	13.32%	9.28%

[1] The Dreyfus Corporation has contractually agreed, until October 1, 2012, 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 on borrowings and extraordinary expenses) exceed 1.10%. After October 1, 2012, The Dreyfus Corporation may terminate the expense limitation at any time.

[1] For comparative purposes, the value of JP Morgan Government Bond Index - Emerging Markets Diversified on 8/31/08 is used as the beginning value on 9/12/08.