Dreyfus International Value Fund

Fund Summary

Investment Objective

The fund seeks long-term capital growth.

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 beginning on page 9 of the prospectus and in the How to Buy Shares section and the Additional Information About How to Buy Shares section beginning on page II-1 and page III-1, respectively, of the fund's Statement of Additional Information.

Shareholder Fees (fees paid directly from your investment)

Shareholder Fees - Dreyfus International Value Fund	Dreyfus International Value Fund - Class A		Dreyfus International Value Fund - Class C	Dreyfus International Value Fund - Class I
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)	5.75%		none	none
Maximum deferred sales charge (load) (as a percentage of lower of purchase or sale price)	none	[1]	1.00%	none

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

Annual Fund Operating Expenses - Dreyfus International Value Fund		Dreyfus International Value Fund - Class A	Dreyfus International Value Fund - Class C	Dreyfus International Value Fund - Class I
Management fees		1.00%	1.00%	1.00%
Distribution (12b-1) fees		none	0.75%	none
Other expenses (including shareholder services fees)		0.80%	0.82%	0.25%
Total annual fund operating expenses	[1]	1.80%	2.57%	1.25%
Fee waiver and/or expense reimbursement	[2]	(0.18%)	(0.20%)	(0.10%)
Total annual fund operating expenses (after fee waiver and/or expense reimbursement)		1.62%	2.37%	1.15%

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. The one-year example and the first year of the three-, five- and ten-years examples are based on net fees and operating expenses, which reflect the fee waiver and expense limitation by The Dreyfus Corporation. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example - Dreyfus International Value Fund - USD ($)	1 Year	3 Years	5 Years	10 Years
Dreyfus International Value Fund - Class A	730	1,092	1,478	2,555
Dreyfus International Value Fund - Class C	340	781	1,348	2,890
Dreyfus International Value Fund - Class I	117	387	677	1,502

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

Expense Example No Redemption - Dreyfus International Value Fund - USD ($)	1 Year	3 Years	5 Years	10 Years
Dreyfus International Value Fund - Class A	730	1,092	1,478	2,555
Dreyfus International Value Fund - Class C	240	781	1,348	2,890
Dreyfus International Value Fund - Class I	117	387	677	1,502

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 52.37% 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 borrowings for investment purposes, in stocks. The fund ordinarily invests most of its assets in securities of foreign companies that The Dreyfus Corporation considers to be value companies. In selecting stocks, the fund's portfolio managers identify potential investments through extensive quantitative and fundamental research. Emphasizing individual stock selection rather than economic and industry trends, the fund focuses on three key factors: value, business health and business momentum.

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.

·Foreign investment risk. To the extent the fund invests in foreign securities, the fund's performance will be influenced by political, social and economic factors affecting investments in foreign issuers. Special risks associated with investments in foreign issuers include exposure to currency fluctuations, less liquidity, less developed or less efficient trading markets, lack of comprehensive company information, political and economic instability and differing auditing and legal standards. Investments denominated in foreign currencies are subject to the risk that such currencies will decline in value relative to the U.S. dollar and affect the value of these investments held by the fund.

·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 or, in the case of hedged positions, that the U.S. dollar will decline relative to the currency being hedged. Currency exchange rates may fluctuate significantly over short periods of time. Foreign currencies are also subject to risks caused by inflation, interest rates, budget deficits and low savings rates, political factors and government intervention and controls.

·Risks of stock investing. Stocks generally fluctuate more in value than bonds and may decline significantly over short time periods. There is the chance that stock prices overall will decline because stock markets tend to move in cycles, with periods of rising prices and falling prices. The market value of a stock may decline due to general market conditions or because of factors that affect the particular company or the company's industry.

·Value stock risk. Value stocks involve the risk that they may never reach their expected full market value, either because the market fails to recognize the stock's intrinsic worth or the expected value was misgauged. They also may decline in price even though in theory they are already undervalued.

·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 in a timely manner 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 tend to have greater exposure to liquidity risk than domestic securities.

Performance

The following bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in the performance of the fund's Class A shares from year to year. 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 not necessarily an indication of how the fund will perform in the future. 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. More recent performance information may be available at www.dreyfus.com.

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

	Best Quarter Q2, 2009: 24.48% Worst Quarter Q3, 2011: -21.42%
The year-to-date total return of the fund's Class A shares as of September 30, 2015 was -5.29%.

Average Annual Total Returns (as of 12/31/14)

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 income 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 Returns - Dreyfus International Value Fund	Average Annual Returns, 1 Year	Average Annual Returns, 5 Years	Average Annual Returns, 10 Years
Dreyfus International Value Fund - Class A	(14.97%)	0.35%	1.48%
Dreyfus International Value Fund - Class C	(11.37%)	0.75%	1.31%
Dreyfus International Value Fund - Class I	(9.45%)	1.94%	2.52%
After Taxes on Distributions | Dreyfus International Value Fund - Class A	(15.04%)	0.27%	0.55%
After Taxes on Distributions and Sale of Fund Shares | Dreyfus International Value Fund - Class A	(8.11%)	0.47%	1.41%
MSCI Europe, Australasia, Far East (EAFE) Index reflects no deduction for fees, expenses or taxes	(4.90%)	5.33%	4.43%

[1] 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 1.00% if redeemed within one year.

[1] The fund's investment adviser, The Dreyfus Corporation, has agreed to waive receipt of a portion of the fund's management fee in the amount of .10% of the value of the fund's average daily total assets until January 1, 2017. On or after February 29, 2017, The Dreyfus Corporation may terminate this expense waiver at any time.

[2] The Dreyfus Corporation has also contractually agreed, until January 1, 2017, to waive receipt of its fees and/or assume the direct 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 1.37%. On or after February 29, 2017, The Dreyfus Corporation may terminate this expense waiver at any time.