N-Q 1 lp1085.htm FORM N-Q lp1085.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:

09/30/13

 

             

 

 

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 Active MidCap Fund


FORM N-Q

Item 1.                         Schedule of Investments.


 

STATEMENT OF INVESTMENTS       
Dreyfus Active Midcap Fund       
September 30, 2013 (Unaudited)       
 
 
Common Stocks--99.9%  Shares   Value ($) 
Automobiles & Components--.8%       
Lear  51,200   3,664,384 
Banks--6.2%       
Comerica  97,700   3,840,587 
Fifth Third Bancorp  312,600   5,639,304 
KeyCorp  242,300   2,762,220 
Popular  110,700 a  2,903,661 
Regions Financial  750,300   6,947,778 
SunTrust Banks  152,700   4,950,534 
      27,044,084 
Capital Goods--11.9%       
A.O. Smith  50,700   2,291,640 
AECOM Technology  180,300 a  5,637,981 
AGCO  81,100   4,900,062 
Dover  16,100   1,446,263 
Flowserve  102,700   6,407,453 
Fluor  15,500   1,099,880 
L-3 Communications Holdings  41,000   3,874,500 
Lennox International  90,800   6,833,608 
Lincoln Electric Holdings  86,200   5,742,644 
Pall  4,100   315,864 
Rockwell Automation  41,900   4,480,786 
Valmont Industries  42,700   5,931,457 
WABCO Holdings  34,000 a  2,864,840 
      51,826,978 
Consumer Durables & Apparel--2.7%       
Hanesbrands  112,300   6,997,413 
PulteGroup  297,600   4,910,400 
      11,907,813 
Consumer Services--3.0%       
Starwood Hotels & Resorts       
Worldwide  102,800 b  6,831,060 
Wyndham Worldwide  105,100   6,407,947 

 



      13,239,007 
Diversified Financials--5.8%       
American Capital  3,900 a  53,625 
Moody's  109,600   7,708,168 
SLM  275,500   6,859,950 
T. Rowe Price Group  48,300   3,474,219 
Waddell & Reed Financial, Cl. A  135,600   6,980,688 
      25,076,650 
Energy--4.6%       
Chesapeake Energy  161,600   4,182,208 
Denbury Resources  162,100 a  2,984,261 
Diamond Offshore Drilling  38,200 c  2,380,624 
HollyFrontier  73,900   3,111,929 
Kosmos Energy  41,100 a  422,508 
Marathon Petroleum  46,300   2,978,016 
RPC  110,900 c  1,715,623 
Valero Energy  70,600   2,410,990 
      20,186,159 
Food & Staples Retailing--.1%       
Kroger  5,500   221,870 
Food, Beverage & Tobacco--6.4%       
Coca-Cola Enterprises  176,700   7,105,107 
Green Mountain Coffee Roasters  44,600 a,c  3,359,718 
Hershey  23,200   2,146,000 
Hillshire Brands  180,800   5,557,792 
Ingredion  48,900   3,235,713 
J.M. Smucker  41,200   4,327,648 
Tootsie Roll Industries  24,900 c  767,418 
Universal  31,300 c  1,594,109 
      28,093,505 
Health Care Equipment & Services--5.9%       
CareFusion  69,000 a  2,546,100 
Cigna  18,500   1,421,910 
Edwards Lifesciences  6,200 a  431,706 
Quest Diagnostics  50,700   3,132,753 
ResMed  135,500 c  7,157,110 
Sirona Dental Systems  64,300 a  4,303,599 
St. Jude Medical  79,800   4,280,472 
Zimmer Holdings  29,900   2,455,986 

 



      25,729,636 
Household & Personal Products--2.3%       
Avon Products  172,400   3,551,440 
Energizer Holdings  68,800   6,271,120 
      9,822,560 
Insurance--2.7%       
Everest Re Group  14,800   2,152,068 
Principal Financial Group  41,000   1,755,620 
Unum Group  47,600   1,448,944 
XL Group  207,400   6,392,068 
      11,748,700 
Materials--2.8%       
CF Industries Holdings  16,500   3,478,695 
NewMarket  300   86,373 
Packaging Corporation of America  67,500   3,853,575 
Worthington Industries  135,600   4,668,708 
      12,087,351 
Media--.3%       
Valassis Communications  43,000 c  1,241,840 
Pharmaceuticals, Biotech & Life Sciences--8.7%       
Agilent Technologies  143,500   7,354,375 
Charles River Laboratories       
International  81,100 a  3,751,686 
Mettler-Toledo International  29,200 a  7,010,628 
Mylan  207,900 a  7,935,543 
Perrigo  23,300   2,874,754 
Salix Pharmaceuticals  54,300 a  3,631,584 
United Therapeutics  68,600 a  5,409,110 
      37,967,680 
Real Estate--4.7%       
Apartment Investment & Management,       
Cl. A  130,800 b  3,654,552 
Camden Property Trust  36,700 b  2,254,848 
CBL & Associates Properties  249,100 b  4,757,810 
Corrections Corporation of America  166,579 b  5,755,305 
HCP  66,400 b  2,719,080 
Kimco Realty  37,900 b  764,822 
Weyerhaeuser  14,700 b  420,861 
      20,327,278 

 



Retailing--9.1%       
Abercrombie & Fitch, Cl. A  94,200   3,331,854 
American Eagle Outfitters  260,900   3,649,991 
Bed Bath & Beyond  95,900 a  7,418,824 
Dillard's, Cl. A  69,800   5,465,340 
Gap  139,200   5,606,976 
Macy's  83,600   3,617,372 
O'Reilly Automotive  59,600 a  7,604,364 
PetSmart  37,000   2,821,620 
      39,516,341 
Semiconductors & Semiconductor Equipment--1.7%       
Cree  7,200 a  433,368 
First Solar  32,700 a  1,314,867 
LSI  706,700   5,526,394 
      7,274,629 
Software & Services--9.6%       
CA  241,300   7,159,371 
Cadence Design Systems  437,600 a  5,907,600 
CoreLogic  174,500 a  4,720,225 
DST Systems  47,800   3,604,598 
Fiserv  76,600 a  7,740,430 
Intuit  120,200   7,970,462 
NeuStar, Cl. A  48,100 a  2,379,988 
VeriSign  44,300 a  2,254,427 
      41,737,101 
Technology Hardware & Equipment--4.6%       
Brocade Communications Systems  754,300 a  6,072,115 
Harris  119,200   7,068,560 
SanDisk  117,200   6,974,572 
      20,115,247 
Transportation--.3%       
Matson  42,400   1,112,152 
Utilities--5.7%       
AES  94,600   1,257,234 
Edison International  147,800   6,807,668 
IDACORP  76,000   3,678,400 
Pinnacle West Capital  104,100   5,698,434 
Public Service Enterprise Group  6,600   217,338 
UGI  33,400   1,306,942 

 



Wisconsin Energy  150,100   6,061,038  
      25,027,054  
Total Common Stocks         
(cost $365,818,790)      434,968,019  
 
Other Investment--.1%         
Registered Investment Company;         
Dreyfus Institutional Preferred         
Plus Money Market Fund         
(cost $502,774)  502,774 d  502,774  
Investment of Cash Collateral for         
Securities Loaned--3.4%         
Registered Investment Company;         
Dreyfus Institutional Cash         
Advantage Fund         
(cost $14,895,059)  14,895,059 d  14,895,059  
Total Investments (cost $381,216,623)  103.4 %  450,365,852  
Liabilities, Less Cash and Receivables  (3.4 %)  (14,935,537 ) 
Net Assets  100.0 %  435,430,315  

 

a Non-income producing security.
b Investment in real estate investment trust.
c Security, or portion thereof, on loan. At September 30, 2013, the value of the fund's securities on loan was $14,572,923 and
the value of the collateral held by the fund was $14,895,059.
d Investment in affiliated money market mutual fund.

At September 30, 2013, net unrealized appreciation on investments was $69,149,229 of which $79,326,903 related to appreciated investment securities
and $10,177,674 related to depreciated investment securities. At September 30, 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 (%) 
Capital Goods  11.9 
Software & Services  9.6 
Retailing  9.1 
Pharmaceuticals, Biotech & Life Sciences  8.7 
Food, Beverage & Tobacco  6.4 
Banks  6.2 
Health Care Equipment & Services  5.9 
Diversified Financials  5.8 

 



Utilities  5.7 
Real Estate  4.7 
Energy  4.6 
Technology Hardware & Equipment  4.6 
Money Market Investments  3.5 
Consumer Services  3.0 
Materials  2.8 
Consumer Durables & Apparel  2.7 
Insurance  2.7 
Household & Personal Products  2.3 
Semiconductors & Semiconductor Equipment  1.7 
Automobiles & Components  .8 
Media  .3 
Transportation  .3 
Food & Staples Retailing  .1 
  103.4 

 

† Based on net assets.



The following is a summary of the inputs used as of September 30, 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+  434,968,019  -  -  434,968,019 
Mutual Funds  15,397,833  -  -  15,397,833 

 

+ 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 or U.S.
Government and Agency securities. The fund is entitled to receive all
dividends, interest and distributions on securities loaned, in addition to
income earned as a result of the lending transaction. Should a borrower
fail to return the securities in a timely manner, The Bank of
New York Mellon is required to replace the securities for the benefit
of the fund and credit the fund with the market value of the unreturned
securities and is subrogated to the fund’s rights against the borrower
and the collateral.

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:

November 25, 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:

November 25, 2013

 

By: /s/ James Windels

      James Windels

      Treasurer

 

Date:

November 25, 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)