Morningstar Advisor - Summer 2008 - 17

BRIGHTEN UP YOUR ALLOCATION Choosing an asset allocation strategy that fits your financial goals is just as important as choosing the right funds that fit the strategy. Dreyfus offers a number of highly rated funds across a range of investment styles that can be used as part of an effective asset allocation plan. Talk to your financial advisor about developing a plan that’s right for you. DREYFUS PREMIER STRATEGIC VALUE FUND1 Morningstar Overall Rating for Class A as of 6/30/08 among 1,183 Large Value Funds. The fund received 4, 4 and 4 stars for the 3-, 5- and 10-year periods among 1,183, 928 and 427 funds respectively. DREYFUS FOUNDERS MID-CAP GROWTH FUND1 Morningstar Overall Rating for Class A as of 6/30/08 among 813 Mid-Cap Growth Funds. The fund received 4 and 4 stars for the 3- and 5-year periods among 813 and 684 funds respectively. DREYFUS PREMIER S&P STARS OPPORTUNITIES FUND2 Morningstar Overall Rating for Class A as of 6/30/08 among 813 Mid-Cap Growth Funds. The fund received 4 stars for the 3-year period among 813 funds. DREYFUS PREMIER SMALL CAP EQUITY FUND1 Morningstar Overall Rating for Class C as of 6/30/08 among 549 Small Blend Funds. The fund received 3 and 4 stars for the 3- and 5-year periods among 549 and 429 funds respectively. DREYFUS PREMIER NATURAL RESOURCES FUND DREYFUS BOND MARKET INDEX FUND Morningstar Overall Rating for Class C as of 6/30/08 among 153 Natural Resources Funds. The fund received 4 stars for the 3-year period among 153 funds. Morningstar Overall Rating (Investor Shares) as of 6/30/08 among 990 Intermediate-Term Bond Funds. The fund received 4, 4 and 4 stars for the 3-, 5- and 10-year periods among 990, 831 and 436 funds respectively. ���� ���� ���� ���� ���� ���� Investors should consider the investment objectives, risks, charges and expenses of the fund carefully before investing. Call your advisor to obtain a prospectus that contains this and other information about the fund, and read it carefully before investing. Other share classes may have achieved different ratings. 1 Part of each fund’s performance is attributable to positive returns from its initial public offering (IPO) investments. There can be no guarantee that IPOs will have or continue to have a positive effect on the fund’s performance. Currently, the Small Cap Equity Fund is relatively small in asset size. IPOs tend to have a reduced effect on performance as a fund’s asset base grows. Ratings reflect past performance, which is no guarantee of future results. Share price, yield and investment return fluctuate and an investor’s shares may be worth more or less than original cost upon redemption. Equity funds achieved negative returns for the one-year period. Go to Dreyfus.com for each fund’s most recent month-end returns. Equity securities are subject generally to market, market sector, market liquidity, issuer and investment style risks, among other factors, to varying degrees, all of which are more fully described in the fund’s prospectus. Small- and midcap companies involve greater risks because their earnings and revenues tend to be less predictable, and the trading markets for their securities may be less liquid and more volatile than those of larger companies. Bond funds are generally subject to interest rate, credit, liquidity, prepayment and extension risk, derivative and market risks, to varying degrees, all of which are more fully described in the fund’s prospectus. Asset allocation does not guarantee a profit or protect against loss. The share price of the Natural Resources Fund is likely to be more volatile than broad-range diversified mutual funds, and performance may differ from the general overall stock market. Investing in such a fund involves special risks, including natural events, inflationary pressures, interest rates, commodity prices, economic, tax, energy developments, and government regulations that may affect the supply and demand for natural resources and the share price of companies in this sector. 2 “Standard & Poor’s®”, “S&P®”, and “STARS®” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use on behalf of the fund. The fund is not sponsored, managed, advised, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of investing in the fund and is not an index fund. Source: Morningstar, Inc. The Ratings formula measures the amount of variation in a fund’s performance and gives more emphasis to downward variations. Ratings are subject to change every month. The top 10% of the funds in the category receive 5 stars; the next 22.5% 4 stars; the next 35% 3 stars; the next 22.5% 2 stars; and the last 10% 1 star. Dreyfus.com | 1-800-334-6899 © 2008 MBSC Securities Corporation, Distributor
http://Dreyfus.com http://Dreyfus.com http://Dreyfus.com

Morningstar Advisor - Summer 2008

Table of Contents for the Digital Edition of Morningstar Advisor - Summer 2008

Morningstar Advisor - Summer 2008
Contents
Letter from the Editor
Contributors
Inbox
College Planning: Solutions and Concerns
ETFs: The Next Chapter
Engineering Financial Advice
Investment Briefs
Flexible vs. Style-Pure Managers: The Evidence
Forging a New Commodity Index
Work Your Way Through College Planning
Sizing Up the Options
Best and Worst 529 College-Savings Plans
A 529 Travel Guide
10 Tax-Smart Tips for College-Savings Planning
Global Dialogue
How Sequoia Cranks Out Good Returns Year After Year
The Many Layers of David Winters
Living on the Edge
Stocks to Buy Once a Decade
With Munis Feeling the Pain, Some Opportunities Arise
Health Care Provides Shelter from Economic Storm
Help Your Clients Get More Out of Their Bond Portfolios
Mutual Fund Analyst Picks
50 Most Popular Equity ETFs
Undervalued Stocks
Most Popular Variable Annuities
New at Morningstar
New on MorningstarAdvisor.com
Closer to Fine
Morningstar Advisor - Summer 2008 - Morningstar Advisor - Summer 2008
Morningstar Advisor - Summer 2008 - Cover2
Morningstar Advisor - Summer 2008 - 1
Morningstar Advisor - Summer 2008 - 2
Morningstar Advisor - Summer 2008 - Contents
Morningstar Advisor - Summer 2008 - 4
Morningstar Advisor - Summer 2008 - 5
Morningstar Advisor - Summer 2008 - 6
Morningstar Advisor - Summer 2008 - Letter from the Editor
Morningstar Advisor - Summer 2008 - Contributors
Morningstar Advisor - Summer 2008 - Inbox
Morningstar Advisor - Summer 2008 - College Planning: Solutions and Concerns
Morningstar Advisor - Summer 2008 - 11
Morningstar Advisor - Summer 2008 - ETFs: The Next Chapter
Morningstar Advisor - Summer 2008 - 13
Morningstar Advisor - Summer 2008 - 14
Morningstar Advisor - Summer 2008 - Engineering Financial Advice
Morningstar Advisor - Summer 2008 - 16
Morningstar Advisor - Summer 2008 - 17
Morningstar Advisor - Summer 2008 - Investment Briefs
Morningstar Advisor - Summer 2008 - 19
Morningstar Advisor - Summer 2008 - 20
Morningstar Advisor - Summer 2008 - Flexible vs. Style-Pure Managers: The Evidence
Morningstar Advisor - Summer 2008 - 22
Morningstar Advisor - Summer 2008 - 23
Morningstar Advisor - Summer 2008 - 24
Morningstar Advisor - Summer 2008 - Forging a New Commodity Index
Morningstar Advisor - Summer 2008 - 26
Morningstar Advisor - Summer 2008 - 27
Morningstar Advisor - Summer 2008 - 28
Morningstar Advisor - Summer 2008 - 29
Morningstar Advisor - Summer 2008 - 30
Morningstar Advisor - Summer 2008 - 31
Morningstar Advisor - Summer 2008 - Work Your Way Through College Planning
Morningstar Advisor - Summer 2008 - 33
Morningstar Advisor - Summer 2008 - 34
Morningstar Advisor - Summer 2008 - 35
Morningstar Advisor - Summer 2008 - Sizing Up the Options
Morningstar Advisor - Summer 2008 - 37
Morningstar Advisor - Summer 2008 - Best and Worst 529 College-Savings Plans
Morningstar Advisor - Summer 2008 - 39
Morningstar Advisor - Summer 2008 - 40
Morningstar Advisor - Summer 2008 - 41
Morningstar Advisor - Summer 2008 - A 529 Travel Guide
Morningstar Advisor - Summer 2008 - 43
Morningstar Advisor - Summer 2008 - 44
Morningstar Advisor - Summer 2008 - 10 Tax-Smart Tips for College-Savings Planning
Morningstar Advisor - Summer 2008 - 46
Morningstar Advisor - Summer 2008 - 47
Morningstar Advisor - Summer 2008 - 48
Morningstar Advisor - Summer 2008 - 49
Morningstar Advisor - Summer 2008 - Global Dialogue
Morningstar Advisor - Summer 2008 - 51
Morningstar Advisor - Summer 2008 - 52
Morningstar Advisor - Summer 2008 - 53
Morningstar Advisor - Summer 2008 - 54
Morningstar Advisor - Summer 2008 - 55
Morningstar Advisor - Summer 2008 - 56
Morningstar Advisor - Summer 2008 - 57
Morningstar Advisor - Summer 2008 - How Sequoia Cranks Out Good Returns Year After Year
Morningstar Advisor - Summer 2008 - 59
Morningstar Advisor - Summer 2008 - 60
Morningstar Advisor - Summer 2008 - The Many Layers of David Winters
Morningstar Advisor - Summer 2008 - 62
Morningstar Advisor - Summer 2008 - 63
Morningstar Advisor - Summer 2008 - Living on the Edge
Morningstar Advisor - Summer 2008 - 65
Morningstar Advisor - Summer 2008 - 66
Morningstar Advisor - Summer 2008 - 67
Morningstar Advisor - Summer 2008 - 68
Morningstar Advisor - Summer 2008 - 69
Morningstar Advisor - Summer 2008 - Stocks to Buy Once a Decade
Morningstar Advisor - Summer 2008 - 71
Morningstar Advisor - Summer 2008 - With Munis Feeling the Pain, Some Opportunities Arise
Morningstar Advisor - Summer 2008 - 73
Morningstar Advisor - Summer 2008 - 74
Morningstar Advisor - Summer 2008 - 75
Morningstar Advisor - Summer 2008 - Health Care Provides Shelter from Economic Storm
Morningstar Advisor - Summer 2008 - 77
Morningstar Advisor - Summer 2008 - Help Your Clients Get More Out of Their Bond Portfolios
Morningstar Advisor - Summer 2008 - 79
Morningstar Advisor - Summer 2008 - Mutual Fund Analyst Picks
Morningstar Advisor - Summer 2008 - 81
Morningstar Advisor - Summer 2008 - 82
Morningstar Advisor - Summer 2008 - 83
Morningstar Advisor - Summer 2008 - 50 Most Popular Equity ETFs
Morningstar Advisor - Summer 2008 - 85
Morningstar Advisor - Summer 2008 - Undervalued Stocks
Morningstar Advisor - Summer 2008 - 87
Morningstar Advisor - Summer 2008 - 88
Morningstar Advisor - Summer 2008 - 89
Morningstar Advisor - Summer 2008 - Most Popular Variable Annuities
Morningstar Advisor - Summer 2008 - 91
Morningstar Advisor - Summer 2008 - 92
Morningstar Advisor - Summer 2008 - New at Morningstar
Morningstar Advisor - Summer 2008 - 94
Morningstar Advisor - Summer 2008 - New on MorningstarAdvisor.com
Morningstar Advisor - Summer 2008 - Closer to Fine
Morningstar Advisor - Summer 2008 - Cover3
Morningstar Advisor - Summer 2008 - Cover4
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