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DRMBX Dreyfus AMT-Free Municipal Bond Z

  • Fund
  • DRMBX
  • Price as of: Aug 08, 2016
  • $14.55
  • - $0.01
  • - 0.07%
  • Category
  • National Munis

DRMBX - Profile

Vitals

  • YTD Return 2.3%
  • 3 Yr Annualized Return 6.3%
  • 5 Yr Annualized Return 5.7%
  • Net Assets $1.03 B
  • Holdings in Top 10 12.0%

52 WEEK LOW AND HIGH

$14.55
$14.02
$14.70

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.69%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 11.76%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2003-06-30

STANDARD (TAXABLE)

$1,000

IRA

N/A

Investment Themes

CATEGORY

National Munis
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Interm

Distributions

  • YTD Total Return 2.3%
  • 3 Yr Annualized Total Return 6.3%
  • 5 Yr Annualized Total Return 5.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.55%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Dreyfus AMT-Free Municipal Bond Fund
  • Fund Family Name Dreyfus
  • Inception Date May 06, 1994
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Daniel Rabasco

Fund Description

The fund normally invests substantially all of its net assets in municipal bonds that provide income exempt from federal income tax. It invests at least 65% of its assets in municipal bonds with an A or higher credit rating, or the unrated equivalent as determined by The Dreyfus Corporation. It is non-diversified.

DRMBX - Performance

Return Ranking - Trailing

Period DRMBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.3% -2.5% 99.4% 16.75% 2
1 Yr 7.5% -5.8% 13.3% 15.14% 1
3 Yr 6.3% * -4.5% 9.4% 18.72% 1
5 Yr 5.7% * -0.5% 8.0% 18.27% 1
10 Yr 4.9% * -0.3% 5.9% 14.35% 1

* Annualized


Return Ranking - Calendar

Period DRMBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 0.4% -10.9% 99.6% 9.01% 1
2014 N/A 4.5% 4.5% N/A N/A
2013 N/A -6.5% -6.5% N/A N/A
2012 N/A 1.5% 1.5% N/A N/A
2011 N/A 3.3% 3.3% N/A N/A

Total Return Ranking - Trailing

Period DRMBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.3% -2.5% 99.4% 16.48% 2
1 Yr 7.5% -8.9% 13.3% 8.70% 1
3 Yr 6.3% * -5.4% 9.4% 14.21% 1
5 Yr 5.7% * -0.5% 8.0% 14.94% 1
10 Yr 4.9% * -0.3% 5.9% 12.03% 1

* Annualized


Total Return Ranking - Calendar

Period DRMBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 0.4% -10.9% 99.6% 9.01% 1
2014 N/A 4.5% 4.5% N/A N/A
2013 N/A -6.5% -6.5% N/A N/A
2012 N/A 1.5% 1.5% N/A N/A
2011 N/A 3.3% 3.3% N/A N/A

NAV & Total Return History

DRMBX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

DRMBX Category Low Category High DRMBX % Rank Quintile
Net Assets 1.03 B 491 K 52.2 B 16.10% 3
Number of Holdings 310 1 5633 15.97% 3
Net Assets in Top 10 120 M -90.5 M 1.34 B 16.13% 3
Weighting of Top 10 12.0% 0.0% 100.0% 19.52% 3

Top 10 Holdings

  1. Citizens Ppty Ins Corp Fla Coastal A 5% 1.95%
  2. Denver Colo City & Cnty Arpt R Sub Re 5% 1.77%
  3. Jefferson Cnty Ala Swr Rev Swr Rev W 1.16%
  4. New York St Dorm Auth 5% 1.14%
  5. Lancaster Cnty Pa Hosp Auth 5% 1.12%
  6. Illinois Fin Auth 5% 1.09%
  7. California St Pub Wks Brd Leas Rev Bd 5% 1.02%
  8. Indiana Mun Pwr Agy Pwr Sply Ref Rev 5% 0.93%
  9. Railsplitter Tob Settlement Au Tobacc 6% 0.92%
  10. Chicago Ill O Hare Intl Arpt R Rev 5.25% 0.91%

Asset Allocation

Weighting Category Low Category High DRMBX % Rank Quintile
Bonds
99.63% 0.00% 202.21% 2.42% 1
Cash
0.37% -110.85% 100.00% 30.32% 5
Other
0.00% -2.77% 30.50% 6.45% 5
Convertible Bonds
0.00% 0.00% 4.07% 0.65% 5
Preferred Stocks
0.00% 0.00% 11.63% 1.13% 5
Stocks
0.00% 0.00% 1.71% 1.13% 5

Bond Sector Breakdown

Weighting Category Low Category High DRMBX % Rank Quintile
Municipal
99.05% 0.00% 146.16% 4.52% 1
Cash & Equivalents
0.37% -110.85% 100.00% 30.48% 5
Securitized
0.00% 0.00% 30.99% 2.26% 5
Corporate
0.00% 0.00% 33.65% 3.71% 5
Derivative
0.00% -0.52% 5.07% 0.48% 5
Government
0.00% -17.17% 117.34% 6.94% 5

Bond Geographic Breakdown

Weighting Category Low Category High DRMBX % Rank Quintile
US
99.63% 0.00% 202.21% 2.42% 1
Non US
0.00% 0.00% 24.05% 0.97% 5

DRMBX - Expenses

Operational Fees

DRMBX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.69% 0.09% 4.60% 18.52% 2
Management Fee 0.60% 0.00% 1.00% 0.48% 5
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.35% N/A N/A

Sales Fees

DRMBX Fees (% of AUM) Category Low Category High DRMBX Rank Quintile
Front Load N/A 0.50% 5.75% N/A N/A
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

DRMBX Fees (% of AUM) Category Low Category High DRMBX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DRMBX Fees (% of AUM) Category Low Category High DRMBX Rank Quintile
Turnover 11.76% 0.00% 783.51% 15.46% 1

DRMBX - Distributions

Dividend Yield Analysis

DRMBX Category Low Category High DRMBX % Rank Quintile
Dividend Yield 0.5% 0.00% 2.86% 6.68% 1

Dividend Distribution Analysis

DRMBX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

DRMBX Category Low Category High DRMBX % Rank Quintile
Net Income Ratio 3.55% -0.70% 5.26% 8.53% 1

Capital Gain Distribution Analysis

DRMBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

DRMBX - Managers

Daniel Rabasco

Manager

Start Date

Feb 07, 2012

Tenure

4.48

Tenure Rank

12.5%

Mr. Rabasco joined Standish in 1998, before that, he was a vice president and portfolio manager with Keystone Custodian Funds. He joined the company in 1990 as an analyst and assumed his current position in 1994. Previously, Rabasco worked as an analyst for Liberty Mutual Insurance Company. Rabasco earned his Chartered Financial Analyst designation in 1992. He is a member of the Boston Municipal Analysts Forum and the Boston Securities Analysts Society. Rabasco was born September 1, 1957 in North Reading, Massachusetts.


Thomas C. Casey

Manager

Start Date

Jul 31, 2014

Tenure

2.0

Tenure Rank

15.5%

Tom is a Senior Portfolio Manager for Tax Sensitive Strategies. He manages tax-sensitive portfolios for institutional, insurance and high net worth clients. Prior to assuming his current responsibilities, Tom worked for a number of years as a trader and a portfolio analyst in the municipal group. He joined the company in 1993 from State Street Bank & Trust Company where he was an analyst. Tom has an M.B.A. and a B.A. from Boston College and has 26 years of investment experience.


Tenure Analysis

Category Low

0.1

Category High

36.9

Category Average

7.39

Category Mode

1.6