N-Q 1 form-6286.htm FORM N-Q form-6286.htm - Generated by SEC Publisher for SEC Filing

 

 

 

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

811-3940

 

 

 

Strategic Funds, Inc.

 

 

(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)

 

 

 

 

 

Michael A. Rosenberg, 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:

 

 5/31 

 

Date of reporting period:

2/28/2011

 
             

 

 

The following N-Q relates only to the Registrant’s series listed below and does not affect the other series of the Registrant, which have different fiscal year ends and, therefore, different N-Q reporting requirements.  Separate N-Q Forms will be filed for these series, as appropriate.

 

Dreyfus Select Managers Large Cap Growth Fund

Dreyfus Select Managers Small Cap Growth Fund

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FORM N-Q

Item 1.                        Schedule of Investments.

-42- 

 

STATEMENT OF INVESTMENTS     
Dreyfus Select Managers Large Cap Growth Fund     
February 28, 2011 (Unaudited)     
 
 
Common Stocks--98.1%  Shares  Value ($) 
Consumer Discretionary--13.0%     
Avon Products  2,537  70,554 
Ford Motor  2,601a  39,145 
Hyatt Hotels, Cl. A  680a  31,110 
Johnson Controls  1,452  59,242 
Las Vegas Sands  1,005a  46,873 
Lowe's  6,908  180,782 
MasterCard, Cl. A  503  121,001 
NIKE, Cl. B  639  56,890 
Omnicom Group  1,572  80,015 
Paychex  2,199  73,952 
Polo Ralph Lauren  292  36,999 
Staples  4,412  93,976 
Visa, Cl. A  600  43,830 
Walt Disney  1,773  77,550 
    1,011,919 
Consumer Staples--5.5%     
Anheuser-Bush, ADR  332  18,602 
Chipotle Mexican Grill  186a  45,570 
Costco Wholesale  1,476  110,390 
PepsiCo  2,490  157,916 
Procter & Gamble  818  51,575 
Yum! Brands  823  41,422 
    425,475 
Energy--8.3%     
Chevron  770  79,887 
Exxon Mobil  855  73,128 
First Solar  465a  68,536 
Halliburton  1,374  64,496 
Occidental Petroleum  478  48,742 
Schlumberger  1,982  185,158 

 

 

Southwestern Energy  1,772a  69,959 
Transocean  658a  55,687 
    645,593 
Financial--8.2%     
Berkshire Hathaway, Cl. B  764a  66,682 
CB Richard Ellis Group, Cl. A  4,165a  104,292 
Charles Schwab  5,347  101,433 
CIT Group  455a  19,711 
CME Group  298  92,761 
First American Financial  655  10,323 
Goldman Sachs Group  102  16,706 
JPMorgan Chase & Co.  1,255  58,596 
Morgan Stanley  1,590  47,191 
Northern Trust  1,065  54,922 
Wells Fargo & Co.  2,122  68,456 
    641,073 
Health Care--7.6%     
Baxter International  718  38,162 
C.R. Bard  700  68,432 
Gilead Sciences  1,171a  45,646 
Illumina  361a  25,053 
Intuitive Surgical  294a  96,417 
Johnson & Johnson  1,918  117,842 
St. Jude Medical  2,511  120,227 
Teva Pharmaceutical Industries,     
ADR  1,094  54,809 
Vertex Pharmaceuticals  550a  25,668 
    592,256 
Industrial--7.2%     
CNH Global  1,475a  71,464 
Deere & Co.  626  56,434 
FedEx  726  65,355 
Goodrich  617  53,204 
Parker Hannifin  529  47,176 
Thermo Fisher Scientific  2,758a  153,951 
Union Pacific  338  32,249 
United Continential Holdings  3,552a  85,390 

 

 

    565,223 
Information Technology--32.3%     
Altera  1,095  45,837 
Amazon.com  709a  122,863 
Apple  1169a  412,903 
Applied Materials  3,930  64,570 
ASML Holding (NY Shares)  1,686  73,510 
Baidu, ADR  348a  42,164 
Broadcom, Cl. A  2,324  95,795 
Citrix Systems  949a  66,582 
Corning  3,386  78,081 
EMC  3,118a  84,841 
Equinix  616a  53,247 
Google, Cl. A  435a  266,830 
Hewlett-Packard  1,167  50,916 
Intel  5,388  115,680 
Intuit  1,063a  55,892 
KLA-Tencor  545  26,607 
Lam Research  925a  50,783 
Micron Technology  3,665a  40,791 
Microsoft  4,171  110,865 
NetApp  857a  44,273 
Oracle  8,457  278,235 
Rackspace Hosting  749a  27,646 
Salesforce.com  1,020a  134,915 
Texas Instruments  1,897  67,552 
VMware, Cl. A  393a  32,873 
Xilinx  2,414  80,265 
    2,524,516 

 

 

Materials--7.1%     
Cameco  1,938  78,954 
Cliffs Natural Resources  279  27,083 
E.I. du Pont de Nemours & Co.  935  51,303 
Freeport-McMoRan Copper & Gold  1,218  64,493 
Ivanhoe Mines  2,933a  82,857 
Monsanto  985  70,812 
Praxair  1304  129,592 
Precision Castparts  346  49,046 
    554,140 
Telecommunications--8.9%     
American Tower, Cl. A  3,851a  207,800 
Crown Castle International  1,975a  83,246 
Juniper Networks  1,160a  51,040 
Polycom  510a  24,378 
QUALCOMM  5,484  326,736 
    693,200 
 
Total Investments (cost $6,215,844)  98.1%  7,653,395 
Cash and Receivables (Net)  1.9%  150,976 
Net Assets  100.0%  7,804,371 
 
ADR - American Depository Receipts     
a Non-income producing security.     

 

At February 28, 2011, the aggregate cost of investment securities for income tax purposes was $6,215,844.

Net unrealized appreciation on investments was $1,437,551 of which $1,448,635 related to appreciated investment securities and $11,084 related to depreciated investment securities.

Portfolio Summary (Unaudited) †  Value (%) 
Information Technology  32.3 
Consumer Discretionary  13.0 
Telecommunications  8.9 
Energy  8.3 
Financial  8.2 
Health Care  7.6 
Industrial  7.2 

 

 

Materials  7.1 
Consumer Staples  5.5 
  98.1 

 

† Based on net assets. 

 

 

Various inputs are used in determining the value of the fund's investments relating to fair value measurements.

These inputs are summarized in the three broad levels listed below.

Level 1 - unadjusted quoted prices in active markets for identical investments.

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds,
credit risk, etc.).

Level 3 - significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used as of February 28, 2011 in valuing the fund's investments:

  Level 1 - Unadjusted Quoted  Level 2 - Other Significant  Level 3 -Significant   
Assets ($)  Prices  Observable Inputs  Unobservable Inputs  Total 
Investments in Securities:         
Equity Securities - Domestic+  7,302,499  -  -  7,302,499 
Equity Securities - Foreign+  350,896  -  -  350,896 

 

+ See Statement of Investments for additional detailed categorizations. 

 

 

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

Portfolio valuation: Investments in securities are valued at the last sales price on the securities exchange or national securities market on which such securities are primarily traded. Securities listed on the National Market System for which market quotations are available are valued at the official closing price or, if there is no official closing price that day, at the last sales price. Securities not listed on an exchange or the national securities market, or securities for which there were no transactions, are valued at the average of the most recent bid and asked prices, except for open short positions, where the asked price is used for valuation purposes. Bid price is used when no asked price is available. Registered investment companies that are not traded on an exchange are valued at their net asset value. When market quotations or official closing prices are not readily available, or are determined not to reflect accurately fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market),but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board of Directors. Fair valuing of securities may be determined with the assistance of a pricing service using calculations based on indices of domestic securities and other appropriate indicators, such as prices of relevant ADRs and futures contracts. For other securities that are fair valued by the Board of Directors, certain factors may be considered such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold and public trading in similar securities of the issuer or comparable issuers.

 

The fund adopted the provisions of ASC Topic 815 “Derivatives and Hedging” which requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments and disclosures about credit-risk-related contingent features in derivative agreements. The fund held no derivatives during the period ended February 28, 2011.

Additional 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 INVESTMENTS     
Dreyfus Select Managers Small Cap Growth Fund     
February 28, 2011 (Unaudited)     
 
 
Common Stocks--96.8%  Shares  Value ($) 
Consumer Discretionary--13.1%     
Allegiant Travel  7,280  300,446 
BJ's Restaurants  7,978a  286,809 
Capella Education  6,275a  361,879 
Cheesecake Factory  25,330a  735,583 
China Yuchai International  4,990  138,472 
Constant Contact  5,405a  156,367 
CROCS  25,615a  452,105 
Dick's Sporting Goods  10,590a  393,313 
DTS  10,690a  484,791 
FactSet Research Systems  4,175  437,874 
G-III Apparel Group  4,140a  162,785 
Grand Canyon Education  31,841a  512,003 
Greenbrier Cos.  9,630a  240,557 
hhgregg  16,035a  237,959 
Hibbett Sports  14,965a  470,051 
K12  11,880a  399,643 
LKQ  50,265a  1,194,297 
Lululemon Athletica  1,692a  131,282 
Mobile Mini  15,160a  344,738 
MWI Veterinary Supply  6,880a  476,234 
ReachLocal  6,405  121,951 
Rentrak  8,090a  213,819 
Tesla Motors  22,367  534,348 
Titan International  3,883  93,270 
Ulta Salon, Cosmetics & Fragrance  30,621a  1,277,814 
Vera Bradley  12,302  422,574 
Westport Innovations  3,565a  65,489 
WMS Industries  10,740a  427,345 
Wright Express  3,600a  183,600 
    11,257,398 
Consumer Staples--3.0%     
Diamond Foods  5,365  273,347 
Fresh Market  9,184  374,707 

 

 

Green Mountain Coffee Roasters  3,913a  159,572 
Panera Bread, Cl. A  3,395a  396,366 
TreeHouse Foods  7,785a  406,143 
United Natural Foods  22,265a  945,149 
    2,555,284 
Energy--3.3%     
Brigham Exploration  20,655a  755,560 
Dril-Quip  5,375a  412,263 
Hornbeck Offshore Services  3,355a  95,316 
Northern Oil and Gas  6,700a  212,859 
Rosetta Resources  9,960a  451,785 
SM Energy  8,530  618,169 
Whiting Petroleum  3,825a  249,925 
    2,795,877 
Financial--4.0%     
Affiliated Managers Group  4,130a  440,877 
Cass Information Systems  11,630  454,152 
Eaton Vance  9,265  289,994 
Financial Engines  33,011  805,799 
Piper Jaffray  3,890a  160,073 
Portfolio Recovery Associates  11,205a  933,937 
Strategic Hotels & Resorts  49,568a  322,192 
    3,407,024 
Health Care--13.9%     
Abaxis  19,370a  513,692 
AngioDynamics  37,870a  636,973 
Bio-Reference Labs  19,125a  400,095 
Cepheid  84,852a  2,249,426 
Dexcom  16,391a  239,800 
Haemonetics  6,410a  395,176 
Healthcare Services Group  11,035  196,092 
HeartWare International  5,330a  448,146 
IDEXX Laboratories  4,480a  348,096 
Incyte  4,718a  64,542 
Insulet  10,080a  178,416 
IPC The Hospitalist  12,665a  516,732 
Mako Surgical  16,131a  332,299 
Masimo  9,715  292,810 
Mednax  13,380a  868,763 
MEDTOX Scientific  10,375  157,077 

 

 

Neogen  37,780a  1,412,594 
NxStage Medical  31,682a  653,600 
Pharmasset  4,170a  208,500 
Salix Pharmaceuticals  3,965a  132,193 
SXC Health Solutions  11,195a  552,473 
Techne  13,500  967,815 
USANA Health Sciences  4,500a  156,690 
    11,922,000 
Industrial--17.9%     
Acuity Brands  9,925  560,961 
Aerovironment  10,640a  308,666 
Beacon Roofing Supply  32,785a  695,370 
Chemed  18,075  1,182,828 
Cognex  10,394  290,097 
CoStar Group  7,430a  421,058 
Donaldson  7,230  407,049 
Echo Global Logistics  11,500a  135,930 
Esterline Technologies  6,215a  444,808 
Forrester Research  15,455  559,162 
Forward Air  12,195  361,338 
FreightCar America  5,158a  145,043 
Genesee & Wyoming, Cl. A  11,705a  609,713 
Hexcel  28,538a  529,380 
HMS Holdings  7,635a  576,901 
iRobot  13,329a  382,809 
Marten Transport  17,140  365,939 
MAXIMUS  10,270  759,980 
Middleby  8,029a  719,961 
Monro Muffler Brake  18,322  598,763 
Polypore International  14,006a  818,511 
Resources Connection  32,265  622,392 
Ritchie Brothers Auctioneers  38,139  972,545 
Rollins  63,685  1,249,500 
SuccessFactors  25,929a  931,110 
Triumph Group  4,356  377,186 
Universal Technical Institute  10,375  190,900 
US Airways Group  17,819a  153,422 
    15,371,322 
Information Technology--32.3%     
Allscripts Healthcare Solutions  33,920a  724,192 

 

 

ANSYS  13,680a  770,458 
athenahealth  7,784a  352,927 
Badger Meter  8,610  338,459 
Blackboard  9,875a  345,724 
Bottomline Technologies  20,770a  459,225 
Cabot Microelectronics  15,055a  734,985 
Concur Technologies  16,200a  842,886 
Constant Contact  25,370a  733,954 
Cymer  2,820a  142,692 
DealerTrack Holdings  22,610a  456,270 
Digi International  53,030a  587,042 
Digital River  9,365a  314,477 
Echelon  44,370a  388,681 
FARO Technologies  11,775a  419,779 
Fortinet  11,387a  465,045 
Gentex  45,330  1,372,592 
Guidance Software  25,010a  191,327 
Innerworkings  48,625a  397,266 
Inphi  6,955a  166,850 
Integrated Device Technology  6,415a  49,716 
Interactive Intelligence  17,425a  599,594 
Intralinks Holdings  11,345a  319,816 
Lattice Semiconductor  20,270a  134,593 
LivePerson  15,755a  158,023 
Medidata Solutions  10,730a  278,014 
Mellanox Technologies  14,159a  372,382 
Nanometrics  19,208a  346,128 
Napco Security Technologies  6,895a  16,203 
National Instruments  43,073  1,340,847 
NetLogic Microsystems  7,014a  290,309 
NetSuite  29,115a  873,741 
OpenTable  2,905a  258,167 
Opnet Technologies  16,173  551,176 
Parexel International  16,750a  393,123 
Pegasystems  9,725  391,723 
Power Integrations  17,650  703,176 
QLIK Technologies  10,735  280,828 
Quality Systems  11,155  891,285 
Rackspace Hosting  18,464a  681,506 
Riverbed Technology  18,600a  767,994 

 

 

Semtech  39,380a  932,518 
STEC  19,850a  405,536 
Stratasys  25,529a  1,158,506 
Telvent GIT  12,095  349,666 
Teradyne  27,377a  510,034 
Tyler Technologies  20,665a  457,110 
Ultimate Software Group  46,561a  2,488,220 
Ultratech  19,650a  485,748 
Veeco Instruments  9,360a  445,349 
Verint Systems  18,690a  642,562 
    27,778,424 
Materials--3.2%     
Balchem  18,700  673,200 
CIRCOR International  8,145  322,949 
Entree Gold  36,996a  113,208 
Ferro  17,016a  270,895 
Kaydon  11,260  441,842 
Landec  34,025a  209,254 
RBC Bearings  11,045a  399,719 
Rockwood Holdings  6,917a  321,986 
    2,753,053 
Telecommunications--5.8%     
Acme Packet  9,975a  750,519 
Aruba Networks  18,328a  558,088 
Ceragon Networks  4,560a  56,681 
Finisar  22,445a  920,694 
IPG Photonics  26,533a  1,510,258 
Logmein  14,508a  520,692 
SAVVIS  20,805a  675,954 
    4,992,886 
Utilities--.3%     
EnerNOC  12,550a  241,964 
Total Investments (cost $74,830,059)  96.8%  83,075,232 
Cash and Receivables (Net)  3.2%  2,766,311 
Net Assets  100.0%  85,841,543 

 

a  Non-income producing security. 

 

At February 28, 2011, the aggregate cost of investment securities for income tax purposes was $74,830,059. Net unrealized

 

appreciation on investments was $8,245,173 of which $9,155,919 related to appreciated investment securities and $910,746 related to depreciated investment securities.

Portfolio Summary (Unaudited) †  Value (%) 
Information Technology  32.3 
Industrial  17.9 
Health Care  13.9 
Consumer Discretionary  13.1 
Telecommunications  5.8 
Financial  4.0 
Energy  3.3 
Materials  3.2 
Consumer Staples  3.0 
Utilities  .3 
  96.8 

 

† Based on net assets. 

 

 

100-441-41

Various inputs are used in determining the value of the fund's investments relating to fair value measurements.

These inputs are summarized in the three broad levels listed below.

Level 1 - unadjusted quoted prices in active markets for identical investments.

Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds,
credit risk, etc.).

Level 3 - significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used as of February 28, 2011 in valuing the fund's investments:

  Level 1 -Unadjusted  Level 2 - Other Significant  Level 3 -Significant   
Assets ($)  Quoted Prices  Observable Inputs  Unobservable Inputs  Total 
Investments in Securities:         
Equity Securities - Domestic+  81,247,889  -  -  81,247,889 
Equity Securities - Foreign+  1,827,343  -  -  1,827,343 

 

+ See Statement of Investments for additional detailed categorizations. 

 

 

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

Portfolio valuation: Investments in securities are valued at the last sales price on the securities exchange or national securities market on which such securities are primarily traded. Securities listed on the National Market System for which market quotations are available are valued at the official closing price or, if there is no official closing price that day, at the last sales price. Securities not listed on an exchange or the national securities market, or securities for which there were no transactions, are valued at the average of the most recent bid and asked prices, except for open short positions, where the asked price is used for valuation purposes. Bid price is used when no asked price is available. Registered investment companies that are not traded on an exchange are valued at their net asset value. When market quotations or official closing prices are not readily available, or are determined not to reflect accurately fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market),but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board of Directors.

Fair valuing of securities may be determined with the assistance of a pricing service using calculations based on indices of domestic securities and other appropriate indicators, such as prices of relevant ADRs and futures contracts. For other securities that are fair valued by the Board of Directors, certain factors may be considered such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold and public trading in similar securities of the issuer or comparable issuers.

 

The fund adopted the provisions of ASC Topic 815 “Derivatives and Hedging” which requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments and disclosures about credit-risk-related contingent features in derivative agreements. The fund held no derivatives during the period ended February 28, 2011.

Additional 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.

 

 

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.

-43- 

 

 

FORM N-Q

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.

Strategic Funds, Inc.

By:       /s/ Bradley J. Skapyak

            Bradley J. Skapyak

            President

 

Date:    April 26, 2011

 

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/ Bradley J. Skapyak

            Bradley J. Skapyak

            President

 

Date:    April 26, 2011

 

By:       /s/ James Windels

            James Windels

            Treasurer

 

Date:    April 26, 2011

 

 

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)

-34-