N-Q 1 form085.htm FORM N-Q form085.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:

 

8/31

 

Date of reporting period:

05/31/13

 

             

 

 

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 Conservative Allocation Fund

Dreyfus Growth Allocation Fund

Dreyfus Moderate Allocation Fund

 

 


 

 

FORM N-Q

Item 1.                        Schedule of Investments.

 


 

STATEMENT OF INVESTMENTS       
Dreyfus Conservative Allocation Fund       
May 31, 2013 (Unaudited)       
 
 
Registered Investment Companies--99.6%  Shares   Value ($) 
Dreyfus Appreciation Fund  29,531 a  1,416,322 
Dreyfus Bond Market Index Fund,       
BASIC Shares  503,009 a  5,422,434 
Dreyfus Disciplined Stock Fund  23,070 a  846,892 
Dreyfus Emerging Markets Debt       
Local Currency Fund, Cl. I  103,293 a  1,508,078 
Dreyfus Emerging Markets Fund, Cl. I   62,253 a   603,858 
Dreyfus Global Real Estate       
Securities Fund, Cl. I  23,004 a  192,313 
Dreyfus High Yield Fund, Cl. I  247,220 a  1,666,265 
Dreyfus Intermediate Term Income       
Fund, Cl. I  375,805 a  5,234,960 
Dreyfus International Bond Fund,       
Cl. I  89,801 a  1,499,683 
Dreyfus International Equity Fund, Cl. I   7,855 a   245,860 
Dreyfus International Stock Index Fund  25,403 a  389,168 
Dreyfus International Value Fund, Cl. I  18,932 a  216,773 
Dreyfus MidCap Core Fund, Cl. I  17,274 a  489,359 
Dreyfus MidCap Index Fund  4,284 a  144,285 
Dreyfus Opportunistic Midcap Value       
Fund, Cl. I  13,269 a  496,654 
Dreyfus Research Growth Fund, Cl.       
Z  171,740 a  2,012,796 
Dreyfus Short-Intermediate       
Government Fund  17,742 a  187,002 
Dreyfus Small Cap Stock Index Fund  19,270 a  491,003 
Dreyfus Strategic Value Fund, Cl. I   36,423 a   1,342,179
Dreyfus U.S. Equity Fund, Cl. I  70,979 a  1,242,835 
Dreyfus/Newton International       
Equity Fund, Cl. I  21,515 a  410,721 
Dreyfus/The Boston Company       
Small/Mid Cap Growth Fund, Cl. I   29,229 a  496,016 
International Stock Fund, Cl. I  21,531 a  318,019 

 



Total Investments (cost $24,788,670)  99.6 %  26,873,475 
Cash and Receivables (Net)  .4 %  112,679 
Net Assets  100.0 %  26,986,154 

 

a Investment in affiliated mutual fund.

At May 31, 2013, net unrealized appreciation on investments was $2,084,805 of which $2,185,229 related to appreciated
investment securities and $100,424 related to depreciated investment securities. At May 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 (%) 
Mutual Funds: Domestic  79.6 
Mutual Funds: Foreign  20.0 
  99.6 

 

† Based on net assets.



The following is a summary of the inputs used as of May 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:         
Mutual Funds  26,873,475  -  -  26,873,475 

 



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 are valued at the net asset value
of each underlying fund determined as of the close of the New York
Stock Exchange (generally 4 p.m., Eastern time) on the valuation date.

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.

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 Growth Allocation Fund       
May 31, 2013 (Unaudited)       
 
 
Registered Investment Companies--100.1%  Shares   Value ($) 
Dreyfus Appreciation Fund  35,222 a  1,689,257 
Dreyfus Bond Market Index Fund,       
BASIC Shares  73,886 a  796,490 
Dreyfus Disciplined Stock Fund  26,894 a  987,263 
Dreyfus Emerging Markets Debt       
Local Currency Fund, Cl. I  23,972 a  349,996 
Dreyfus Emerging Markets Fund, Cl.       
I  131,271 a  1,273,325 
Dreyfus Global Real Estate       
Securities Fund, Cl. I  112,467 a  940,225 
Dreyfus High Yield Fund, Cl. I  57,461 a  387,285 
Dreyfus Intermediate Term Income       
Fund, Cl. I  87,234 a  1,215,175 
Dreyfus International Bond Fund,       
Cl. I  20,853 a  348,251 
Dreyfus International Equity Fund,       
Cl. I  11,018 a  344,852 
Dreyfus International Stock Index       
Fund  35,068 a  537,236 
Dreyfus International Value Fund,       
Cl. I  25,417 a  291,020 
Dreyfus MidCap Core Fund, Cl. I  20,082 a  568,920 
Dreyfus MidCap Index Fund  20,747 a  698,744 
Dreyfus Opportunistic Midcap Value       
Fund, Cl. I  18,147 a  679,239 
Dreyfus Research Growth Fund, Cl.       
Z  198,173 a  2,322,593 
Dreyfus Short-Intermediate       
Government Fund  86,015 a  906,595 
Dreyfus Small Cap Stock Index Fund  22,323 a  568,799 
Dreyfus Strategic Value Fund, Cl.       
I  40,977 a  1,509,997 
Dreyfus U.S. Equity Fund, Cl. I  82,397 a  1,442,768 
Dreyfus/Newton International       
Equity Fund, Cl. I  29,597 a  565,008 
Dreyfus/The Boston Company       
Small/Mid Cap Growth Fund,       
Cl. I  33,966 a  576,401 
International Stock Fund, Cl. I  29,854 a  440,950 
Total Investments (cost $16,889,158)  100.1 %  19,440,389 

 



Liabilities, Less Cash and Receivables  (.1 %)  (15,658 ) 
Net Assets  100.0 %  19,424,731  
 
a  Investment in affiliated mutual fund.         

 

At May 31, 2013, net unrealized appreciation on investments was $2,551,231 of which $2,625,687 related to appreciated investment securities and $74,456 related to depreciated investment securities. At May 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 (%) 
Mutual Funds: Domestic  73.9 
Mutual Funds: Foreign  26.2 
  100.1 

 



The following is a summary of the inputs used as of May 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:         
Mutual Funds  19,440,389  -  -  19,440,389 

 



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 are valued at the net asset value
of each underlying fund determined as of the close of the New York
Stock Exchange (generally 4 p.m., Eastern time) on the valuation date.

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.



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 Moderate Allocation Fund       
May 31, 2013 (Unaudited)       
 
 
Registered Investment Companies--99.8%  Shares   Value ($) 
Dreyfus Appreciation Fund  78,700 a  3,774,433 
Dreyfus Bond Market Index Fund,       
BASIC Shares  591,480 a  6,376,159 
Dreyfus Disciplined Stock Fund  60,794 a  2,231,764 
Dreyfus Emerging Markets Debt       
Local Currency Fund, Cl. I  135,578 a  1,979,443 
Dreyfus Emerging Markets Fund, Cl. I   280,527 a  2,721,113 
Dreyfus Global Real Estate       
Securities Fund, Cl. I  179,080 a  1,497,108 
Dreyfus High Yield Fund, Cl. I  322,797 a  2,175,655 
Dreyfus Intermediate Term Income       
Fund, Cl. I  494,616 a  6,889,997 
Dreyfus International Bond Fund,       
Cl. I  118,138 a  1,972,901 
Dreyfus International Equity Fund,       
Cl. I  23,822 a  745,618 
Dreyfus International Stock Index       
Fund  76,231 a  1,167,856 
Dreyfus International Value Fund,       
Cl. I  56,759 a  649,889 
Dreyfus MidCap Core Fund, Cl. I  44,921 a  1,272,616 
Dreyfus MidCap Index Fund  34,122 a  1,149,231 
Dreyfus Opportunistic Midcap Value       
Fund, Cl. I  31,889 a  1,193,601 
Dreyfus Research Growth Fund, Cl. Z   440,520 a   5,162,890 
Dreyfus Short-Intermediate       
Government Fund  141,988 a  1,496,556 
Dreyfus Small Cap Stock Index Fund  49,873 a  1,270,763 
Dreyfus Strategic Value Fund, Cl. I  95,062 a  3,503,052 
Dreyfus U.S. Equity Fund, Cl. I  185,120 a  3,241,444 
Dreyfus/Newton International       
Equity Fund, Cl. I  63,872 a  1,219,307 
Dreyfus/The Boston Company       
Small/Mid Cap Growth Fund, Cl. I   75,532 a   1,281,786 
International Stock Fund, Cl. I  63,817 a  942,584 

 



Total Investments (cost $48,891,256)  99.8 %  53,915,766 
Cash and Receivables (Net)  .2 %  114,504 
Net Assets  100.0 %  54,030,270 
 
a Investment in affiliated mutual fund.       

 

At May 31, 2013, net unrealized appreciation on investments was $5,024,510 of which $5,236,150 related to appreciated investment securities and $211,640 related to depreciated investment securities. At May 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 (%) 
Mutual Funds: Domestic  75.9 
Mutual Funds: Foreign  23.9 
  99.8 

 

† Based on net assets.



The following is a summary of the inputs used as of May 31, 2013 in valuing the fund's investments:     
 
      Level 3 -   
    Level 2 - Other  Significant   
  Level 1 - Unadjusted  Significant  Unobservable   
Assets ($)  Quoted Prices  Observable Inputs  Inputs  Total 
Investments in Securities:         
Mutual Funds  53,915,766  -  -  53,915,766 

 



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 are valued at the net asset value
of each underlying fund determined as of the close of the New York
Stock Exchange (generally 4 p.m., Eastern time) on the valuation date.

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.

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:

July 24, 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:

July 24, 2013

 

 

By: /s/ James Windels

James Windels

Treasurer

 

Date:

July 24, 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)