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PMCCX Dreyfus Connecticut C

  • Fund
  • PMCCX
  • Price as of: Apr 23, 2018
  • $11.36
  • - $0.01
  • - 0.09%
  • Category
  • Single State Municipal Bonds

PMCCX - Profile

Vitals

  • YTD Return -2.5%
  • 3 Yr Annualized Return 0.3%
  • 5 Yr Annualized Return 0.7%
  • Net Assets $224 M
  • Holdings in Top 10 32.4%

52 WEEK LOW AND HIGH

$11.36
$11.36
$11.82

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.69%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 9.93%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

N/A

Investment Themes

CATEGORY

Single State Municipal Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Single State Interm

Distributions

  • YTD Total Return -2.5%
  • 3 Yr Annualized Total Return 0.3%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.89%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Dreyfus Connecticut Fund
  • Fund Family Name Dreyfus
  • Inception Date Aug 15, 1995
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Jeffrey Burger

Fund Description

The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that provide income exempt from federal and Connecticut state income taxes. It invests at least 70% of its assets in municipal bonds rated, at the time of purchase, investment grade (Baa/BBB or higher) or the unrated equivalent as determined by the Dreyfus Corporation. The fund is non-diversified.

PMCCX - Performance

Return Ranking - Trailing

Period PMCCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -2.5% -22.9% 6.2% 61.11% 5
1 Yr 0.1% -13.2% 11.9% 86.04% 5
3 Yr 0.3% * -2.8% 8.2% 88.52% 5
5 Yr 0.7% * -2.7% 7.1% 88.70% 5
10 Yr 2.6% * 0.1% 6.9% 86.42% 5

* Annualized


Return Ranking - Calendar

Period PMCCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 1.0% -12.8% 6.8% 37.52% 3
2016 -3.2% -4.9% 7.9% 56.17% 4
2015 0.1% -7.9% 7.4% 19.67% 2
2014 6.0% -9.5% 15.6% 32.69% 3
2013 -8.8% -20.2% 7.4% 62.37% 5

Total Return Ranking - Trailing

Period PMCCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -2.5% -22.9% 6.2% 61.11% 5
1 Yr -0.9% -17.4% 8.6% 64.06% 4
3 Yr 0.3% * -3.7% 8.2% 73.48% 4
5 Yr 0.7% * -3.0% 7.1% 85.13% 5
10 Yr 2.6% * 0.1% 6.9% 85.79% 5

* Annualized


Total Return Ranking - Calendar

Period PMCCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 1.0% -12.8% 6.8% 37.38% 3
2016 -3.2% -4.9% 7.6% 57.20% 4
2015 0.1% -7.9% 8.0% 25.26% 2
2014 6.0% -9.5% 17.8% 35.33% 3
2013 -8.8% -20.2% 7.4% 62.83% 4

NAV & Total Return History

PMCCX - Holdings

Filings data as of: Mar 31, 2018

Concentration Analysis

PMCCX Category Low Category High PMCCX % Rank Quintile
Net Assets 224 M 2.11 M 17.8 B 17.54% 3
Number of Holdings 78 16 4051 17.73% 4
Net Assets in Top 10 71.7 M 696 K 2.65 B 12.02% 2
Weighting of Top 10 32.4% 3.7% 73.5% 9.30% 2

Top 10 Holdings

  1. CONNECTICUT ST HEALTH & EDL FACS AUTH REV BDS 2007 E 5.96%
  2. CONNECTICUT ST HEALTH & EDL FACS AUTH REV BDS 2010A 4.74%
  3. CONNECTICUT ST HEALTH & EDL FACS AUTH REV BDS 2016 CT 3.81%
  4. CONNECTICUT ST HEALTH & EDL FACS AUTH REV BDS 2010-1 3.22%
  5. UNIVERSITY CONN SPL OBLIG STUDENT FEE REV REF BDS 2012 A 2.52%
  6. CONNECTICUT ST HEALTH & EDL FACS AUTH REV BDS L 2.50%
  7. CONNECTICUT ST GO BDS 2014A 2.49%
  8. CONNECTICUT ST GO BDS 2011D 2.42%
  9. CONNECTICUT ST GO BDS 2011D 2.42%
  10. CONNECTICUT ST SPL TAX OBLG BDS A 2.34%

Asset Allocation

Weighting Category Low Category High PMCCX % Rank Quintile
Bonds
100.00% -0.05% 103.67% 2.03% 1
Stocks
0.00% 0.00% 0.52% 0.48% 1
Preferred Stocks
0.00% 0.00% 0.00% 0.10% 1
Other
0.00% -0.36% 33.35% 4.94% 2
Convertible Bonds
0.00% 0.00% 0.00% 0.10% 1
Cash
0.00% -3.67% 99.63% 20.45% 4

Bond Sector Breakdown

Weighting Category Low Category High PMCCX % Rank Quintile
Municipal
100.00% 0.00% 106.78% 2.62% 1
Derivative
0.00% -5.47% 0.00% 0.10% 1
Cash & Equivalents
0.00% -3.67% 99.63% 19.48% 4
Securitized
0.00% 0.00% 0.00% 0.10% 1
Corporate
0.00% 0.00% 6.46% 2.81% 2
Government
0.00% -11.15% 2.84% 1.16% 1

Bond Geographic Breakdown

Weighting Category Low Category High PMCCX % Rank Quintile
US
98.86% -0.05% 103.67% 7.66% 2
Non US
1.14% 0.00% 45.96% 12.11% 2

PMCCX - Expenses

Operational Fees

PMCCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.69% 0.09% 5.19% 4.27% 5
Management Fee 0.55% 0.00% 1.30% 0.58% 5
12b-1 Fee 0.75% 0.00% 1.00% 1.02% 4
Administrative Fee N/A 0.00% 0.33% N/A N/A

Sales Fees

PMCCX Fees (% of AUM) Category Low Category High PMCCX Rank Quintile
Front Load N/A 1.00% 5.75% N/A N/A
Deferred Load 1.00% 0.50% 5.50% 1.60% 1

Trading Fees

PMCCX Fees (% of AUM) Category Low Category High PMCCX Rank Quintile
Max Redemption Fee N/A 0.50% 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.

PMCCX Fees (% of AUM) Category Low Category High PMCCX Rank Quintile
Turnover 9.93% 0.00% 157.00% 11.00% 1

PMCCX - Distributions

Dividend Yield Analysis

PMCCX Category Low Category High PMCCX % Rank Quintile
Dividend Yield 0.2% 0.00% 0.99% 25.50% 5

Dividend Distribution Analysis

PMCCX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PMCCX Category Low Category High PMCCX % Rank Quintile
Net Income Ratio 1.89% 0.00% 6.13% 21.82% 5

Capital Gain Distribution Analysis

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

PMCCX - Managers

Jeffrey Burger

Manager

Start Date

Feb 10, 2012

Tenure

6.14

Tenure Rank

8.6%

Jeffrey Burger, CFA, is a Senior Portfolio Manager for Tax Sensitive Strategies at Standish Mellon Asset Management Company LLC (Standish), an affiliate of Dreyfus. He has been employed since July 2009. He manages tax-sensitive strategies for institutional, high net worth, and mutual fund clients. Previously, he served as a Senior Analyst for Standish, specializing in land secured and special tax bonds. Prior to joining Standish, he worked at Columbia Management as a portfolio manager and senior research analyst and previously held a senior level analyst position at Fitch Ratings. Jeffrey earned an M.P.A. from the Maxwell School of Citizenship and Public Affairs at Syracuse University and a B.A. degree, cum laude, in policy studies and public relations from Syracuse University. He is a former Chairman, member of the Executive Committee, and Board of Governors of the National Federation of Municipal Analysts and is a former president of the Boston Municipal Analysts Forum. Jeffrey holds the CFA® designation.


Daniel Barton

Manager

Start Date

May 07, 2010

Tenure

7.9

Tenure Rank

7.3%

Mr. Barton is a portfolio managers for Standish Asset Management Company LLC ( Standish ), an affiliate of Dreyfus. He has managed a number of national and state-specific municipal bond funds managed by Dreyfus, where he has been employed since 2005. Mr. Barton earned an M.B.A from Bentley College and a B.S. in chemical engineering from Rensselaer Polytechnic Institute. Mr. Barton holds the CFA designation.


Tenure Analysis

Category Low

0.0

Category High

38.4

Category Average

9.63

Category Mode

3.3