Dec. 09, 2016
Dynamic Total Return Fund
Dynamic Total Return Fund
December 9, 2016 ADVANTAGE FUNDS, INC. *Dynamic Total Return Fund* Supplement to Summary Prospectus and Statutory Prospectus dated September 30, 2016 The following information supplements and replaces any contrary information contained in "Principal Investment Strategy" in the summary prospectus and statutory prospectus:
The fund may invest in bonds and other fixed-income securities of any credit quality (including "investment grade," "high yield" or "junk" bonds), maturity or duration. The fund may have investment exposure to bonds and other fixed-income securities by investing directly in such securities or through ETFs and derivative instruments.

Principal investment strategies of the Fund. Summarize how the Fund intends to achieve its investment objectives by identifying the Fund's principal investment strategies (including the type or types of securities in which the Fund invests or will invest principally) and any policy to concentrate in securities of issuers in a particular industry or group of industries.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection a

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