N-Q 1 formnq-085.htm FORM N-Q formnq-085.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)

 

 

 

 

 

John Pak, 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:

 

12/31

 

Date of reporting period:

3/31/13

 

             

 

 


 

 

FORM N-Q

Item 1.                        Schedule of Investments.

 


 

STATEMENT OF INVESTMENTS     
Dreyfus Active Midcap Fund     
March 31, 2013 (Unaudited)     
 
 
Common Stocks--99.9%  Shares  Value ($) 
Banks--6.3%     
Comerica  97,700  3,512,315 
Fifth Third Bancorp  312,600  5,098,506 
KeyCorp  716,000  7,131,360 
Regions Financial  750,300  6,144,957 
SunTrust Banks  152,700  4,399,287 
    26,286,425 
Capital Goods--7.9%     
AECOM Technology  24,600a  806,880 
Chicago Bridge & Iron & Co.  23,400  1,453,140 
Dover  16,100  1,173,368 
Flowserve  41,800  7,010,278 
L-3 Communications Holdings  800  64,736 
Lennox International  90,800  5,764,892 
Lincoln Electric Holdings  101,300  5,488,434 
Pall  4,100  280,317 
Parker Hannifin  7,700  705,166 
Rockwell Automation  9,700  837,595 
Textron  227,800  6,790,718 
WABCO Holdings  34,000a  2,400,060 
    32,775,584 
Consumer Durables & Apparel--3.7%     
Carter's  97,600a  5,589,552 
Hanesbrands  143,800a  6,551,528 
PulteGroup  167,000a  3,380,080 
    15,521,160 
Consumer Services--4.0%     
H&R Block  149,000  4,383,580 
Starwood Hotels & Resorts     
  Worldwide  102,800b  6,551,444 
Wyndham Worldwide  86,800  5,596,864 
    16,531,888 
Diversified Financials--6.8%     

 



American Capital  270,900a  3,953,786 
Apollo Investment  333,100  2,784,716 
Discover Financial Services  130,900  5,869,556 
Moody's  125,300  6,680,996 
SLM  115,000  2,355,200 
Waddell & Reed Financial, Cl. A  148,900  6,518,842 
    28,163,096 
Energy--7.1%     
Denbury Resources  162,100a  3,023,165 
Diamond Offshore Drilling  38,200c  2,657,192 
Helix Energy Solutions Group  113,800a  2,603,744 
HollyFrontier  122,200  6,287,190 
Marathon Petroleum  93,200  8,350,720 
Valero Energy  141,600  6,441,384 
    29,363,395 
Food, Beverage & Tobacco--3.4%     
ConAgra Foods  71,200  2,549,672 
Ingredion  48,900  3,536,448 
J.M. Smucker  34,600  3,430,936 
Tootsie Roll Industries  18,500  553,335 
Universal  73,900c  4,141,356 
    14,211,747 
Health Care Equipment & Services--5.5%     
Cigna  61,100  3,810,807 
Quest Diagnostics  50,700  2,862,015 
ResMed  135,500c  6,281,780 
St. Jude Medical  79,800  3,227,112 
Thoratec  118,400a  4,440,000 
Zimmer Holdings  29,900  2,249,078 
    22,870,792 
Household & Personal Products--2.2%     
Energizer Holdings  70,700  7,050,911 
Nu Skin Enterprises, Cl. A  49,500c  2,187,900 
    9,238,811 
Insurance--2.2%     
Principal Financial Group  41,000  1,395,230 
Reinsurance Group of America  41,800  2,494,206 
Torchmark  34,400  2,057,120 
Unum Group  31,100  878,575 

 



XL Group  81,500  2,469,450 
    9,294,581 
Materials--3.8%     
Ball  4,400  209,352 
CF Industries Holdings  31,300  5,958,581 
NewMarket  21,100c  5,493,596 
Worthington Industries  135,600  4,200,888 
    15,862,417 
Media--.5%     
Scholastic  27,500  732,875 
Valassis Communications  43,000c  1,284,410 
    2,017,285 
Pharmaceuticals, Biotech & Life Sciences--6.6%     
Agilent Technologies  143,500  6,022,695 
Charles River Laboratories     
  International  5,400a  239,058 
Life Technologies  117,300a  7,581,099 
Mettler-Toledo International  29,200a  6,226,024 
Mylan  7,700a  222,838 
United Therapeutics  38,700a  2,355,669 
Warner Chilcott, Cl. A  352,600  4,777,730 
    27,425,113 
Real Estate--5.9%     
Apartment Investment & Management,     
  Cl. A  130,800b  4,010,328 
AvalonBay Communities  8,000b  1,013,360 
Camden Property Trust  36,700b  2,520,556 
CBL & Associates Properties  249,100b  5,878,760 
Corrections Corp. of America  87,000  3,399,090 
General Growth Properties  189,400b  3,765,272 
HCP  66,400b  3,310,704 
Kimco Realty  37,900b  848,960 
    24,747,030 
Retailing--9.6%     
American Eagle Outfitters  260,900  4,878,830 
ANN  24,600a  713,892 
Bed Bath & Beyond  95,900a  6,177,878 
Best Buy  24,300  538,245 
Chico's FAS  50,300  845,040 

 



Dillard's, Cl. A  69,800  5,482,790 
GameStop, Cl. A  200,600c  5,610,782 
Gap  123,000  4,354,200 
Macy's  77,500  3,242,600 
O'Reilly Automotive  59,600a  6,111,980 
Ross Stores  29,400  1,782,228 
    39,738,465 
Semiconductors & Semiconductor Equipment--2.0%     
Cree  64,900a,c  3,550,679 
LSI  706,700a  4,791,426 
    8,342,105 
Software & Services--9.9%     
BMC Software  19,100a  884,903 
CA  241,300  6,073,521 
Cadence Design Systems  353,900a  4,929,827 
CoreLogic  174,500a  4,512,570 
Fiserv  81,600a  7,166,928 
Intuit  107,100  7,031,115 
NeuStar, Cl. A  24,700a  1,149,291 
Synopsys  46,100a  1,654,068 
Total System Services  246,100  6,098,358 
Western Union  112,700  1,695,008 
    41,195,589 
Technology Hardware & Equipment--2.7%     
Brocade Communications Systems  885,200a  5,107,604 
Harris  129,100  5,982,494 
    11,090,098 
Transportation--2.2%     
Alaska Air Group  104,700a  6,696,612 
Hertz Global Holdings  112,300a  2,499,798 
    9,196,410 
Utilities--7.6%     
AES  460,700  5,790,999 
Consolidated Edison  83,800  5,114,314 
Edison International  60,100  3,024,232 
IDACORP  56,100  2,707,947 
NV Energy  288,400  5,776,652 
Pinnacle West Capital  46,200  2,674,518 
Wisconsin Energy  150,100  6,437,789 

 



      31,526,451  
Total Common Stocks         
(cost $333,933,921)      415,398,442  
 
Other Investment--.3%         
Registered Investment Company;         
Dreyfus Institutional Preferred         
Plus Money Market Fund         
(cost $1,122,359)  1,122,359 d  1,122,359  
Investment of Cash Collateral for         
Securities Loaned--5.5%         
Registered Investment Company;         
Dreyfus Institutional Cash         
Advantage Fund         
(cost $22,979,467)  22,979,467 d  22,979,467  
Total Investments (cost $358,035,747)  105.7 %  439,500,268  
Liabilities, Less Cash and Receivables  (5.7 %)  (23,757,199 ) 
Net Assets  100.0 %  415,743,069  

 

a Non-income producing security. 
b Investment in real estate investment trust. 
c Security, or portion thereof, on loan. At March 31, 2013, the value of the fund's securities on loan was $22,747,158 and the 
   value of the collateral held by the fund was $22,979,467. 
d Investment in affiliated money market mutual fund. 

 

At March 31, 2013, net unrealized appreciation on investments was $81,464,521 of which $83,571,550 related to appreciated investment securities and $2,107,029 related to depreciated investment securities. At March 31, 2013, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes.

Portfolio Summary (Unaudited) †  Value (%) 
Software & Services  9.9 
Retailing  9.6 
Capital Goods  7.9 
Utilities  7.6 
Energy  7.1 
Diversified Financials  6.8 
Pharmaceuticals, Biotech & Life Sciences  6.6 
Banks  6.3 
Real Estate  5.9 

 



Money Market Investments  5.8 
Health Care Equipment & Services  5.5 
Consumer Services  4.0 
Materials  3.8 
Consumer Durables & Apparel  3.7 
Food, Beverage & Tobacco  3.4 
Technology Hardware & Equipment  2.7 
Household & Personal Products  2.2 
Insurance  2.2 
Transportation  2.2 
Semiconductors & Semiconductor Equipment  2.0 
Media  .5 
  105.7 

 

† Based on net assets. 

 



The following is a summary of the inputs used as of March 31, 2013 in valuing the fund's investments:

      Level 3 -   
  Level 1 -  Level 2 - Other  Significant   
  Unadjusted Quoted  Significant  Unobservable   
Assets ($)  Prices  Observable Inputs  Inputs  Total 
Investments in Securities:         
Equity Securities - Domestic Common Stocks+  415,398,442  -  -  415,398,442 
Mutual Funds  24,101,826  -  -  24,101,826 

 

+ 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.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e. the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

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. Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund’s investments are as follows:



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. All preceding securities are categorized as Level 1 of the fair value hierarchy.

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. Utilizing these techniques may result in transfers between Level 1 and Level 2 of the fair value hierarchy.

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 Trustees. Certain factors may be considered when fair valuing investments 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. These securities are either categorized within Level 2 or 3 depending on the relevant inputs used.

For restricted securities where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 of the fair value hierarchy.



Pursuant to a securities lending agreement with The Bank of New York Mellon, the fund may lend securities to qualified institutions. It is the fund’s policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral equivalent to at least 100% of the market value of securities on loan is maintained at all times. Collateral is either in the form of cash, which can be invested in certain money market mutual funds managed by the Manager, U.S. Government and Agency securities or letters of credit. The fund is entitled to receive all income on securities loaned, in addition to income earned as a result of the lending transaction. Although each security loaned is fully collateralized, the fund bears the risk of delay in recovery of, or loss of rights in, the securities loaned should a borrower fail to return the securities in a timely manner.

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.

 


 

 

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:

May 17, 2013

 

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:

May 17, 2013

 

By: /s/ James Windels

James Windels

Treasurer

 

Date:

May 17, 2013

 

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)