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Mutual Funds Weekly Roundup: August 2
Brian Mathews
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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 adviser. The fund is non-diversified.
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| Period | DRMBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.5% | -31.4% | 945.6% | 79.05% |
| 1 Yr | -0.2% | -25.1% | 973.3% | 74.98% |
| 3 Yr | 0.4%* | -10.3% | 120.3% | 55.52% |
| 5 Yr | 0.4%* | -5.3% | 60.2% | 40.67% |
| 10 Yr | 0.5%* | -5.1% | 3.6% | 30.64% |
* Annualized
| Period | DRMBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 4.8% | -1.7% | 18.3% | 37.15% |
| 2018 | -2.2% | -12.4% | 0.8% | 41.60% |
| 2017 | 2.4% | -6.0% | 20.3% | 15.01% |
| 2016 | -3.2% | -7.8% | 8.6% | 86.42% |
| 2015 | 0.4% | -18.3% | 3.0% | 5.42% |
| Period | DRMBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.5% | -31.4% | 945.6% | 79.05% |
| 1 Yr | -0.2% | -25.1% | 973.3% | 74.98% |
| 3 Yr | 0.4%* | -7.5% | 120.3% | 59.94% |
| 5 Yr | 0.4%* | -5.3% | 60.2% | 49.01% |
| 10 Yr | 0.5%* | -5.1% | 6.8% | 48.86% |
* Annualized
| Period | DRMBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 4.8% | -1.7% | 18.3% | 38.06% |
| 2018 | -2.2% | -11.7% | 3.1% | 49.42% |
| 2017 | 2.4% | -6.0% | 27.0% | 25.51% |
| 2016 | -3.2% | -7.8% | 10.7% | 88.84% |
| 2015 | 0.4% | -14.2% | 4.2% | 10.69% |
| DRMBX | Category Low | Category High | DRMBX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.05 B | 634 K | 264 B | 39.32% |
| Number of Holdings | 270 | 1 | 17920 | 54.34% |
| Net Assets in Top 10 | 132 M | -587 M | 20.8 B | 46.05% |
| Weighting of Top 10 | 12.56% | 2.3% | 100.0% | 79.30% |
| Weighting | Return Low | Return High | DRMBX % Rank | |
|---|---|---|---|---|
| Bonds | 99.78% | 71.08% | 159.74% | 17.98% |
| Cash | 0.21% | -59.74% | 27.48% | 77.82% |
| Stocks | 0.00% | -0.38% | 18.10% | 28.63% |
| Preferred Stocks | 0.00% | 0.00% | 9.11% | 35.44% |
| Other | 0.00% | -27.60% | 31.83% | 31.28% |
| Convertible Bonds | 0.00% | 0.00% | 7.31% | 59.31% |
| Weighting | Return Low | Return High | DRMBX % Rank | |
|---|---|---|---|---|
| Municipal | 99.79% | 0.00% | 100.11% | 10.83% |
| Cash & Equivalents | 0.21% | -26.49% | 24.02% | 86.60% |
| Derivative | 0.00% | -0.83% | 31.72% | 32.69% |
| Securitized | 0.00% | 0.00% | 98.72% | 64.10% |
| Corporate | 0.00% | 0.00% | 99.41% | 70.17% |
| Government | 0.00% | -2.21% | 100.00% | 66.40% |
| Weighting | Return Low | Return High | DRMBX % Rank | |
|---|---|---|---|---|
| US | 99.42% | 58.40% | 156.78% | 12.73% |
| Non US | 0.36% | -38.91% | 29.50% | 76.55% |
| DRMBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.69% | 0.01% | 34.57% | 57.27% |
| Management Fee | 0.60% | 0.00% | 1.25% | 96.81% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
| DRMBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.50% | 5.75% | N/A |
| Deferred Load | N/A | 0.25% | 5.50% | N/A |
| DRMBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
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 Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 17.80% | 0.00% | 489.00% | 23.08% |
| DRMBX | Category Low | Category High | DRMBX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.20% | 40.62% |
| DRMBX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
| DRMBX | Category Low | Category High | DRMBX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.82% | -0.71% | 6.02% | 34.31% |
| DRMBX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
| Date | Amount |
|---|---|
| Mar 29, 2019 | $0.032 |
| Feb 28, 2019 | $0.031 |
| Jan 31, 2019 | $0.034 |
| Dec 31, 2018 | $0.034 |
| Nov 30, 2018 | $0.033 |
| Oct 31, 2018 | $0.034 |
| Aug 31, 2018 | $0.034 |
| Jun 29, 2018 | $0.032 |
| May 31, 2018 | $0.035 |
| Apr 30, 2018 | $0.036 |
| Mar 29, 2018 | $0.033 |
| Feb 28, 2018 | $0.032 |
| Jan 31, 2018 | $0.038 |
| Dec 29, 2017 | $0.034 |
| Nov 30, 2017 | $0.034 |
| Oct 31, 2017 | $0.037 |
| Sep 29, 2017 | $0.034 |
| Aug 31, 2017 | $0.036 |
| Jul 31, 2017 | $0.036 |
| Jun 30, 2017 | $0.037 |
| May 31, 2017 | $0.040 |
| Apr 28, 2017 | $0.034 |
| Mar 31, 2017 | $0.038 |
| Feb 28, 2017 | $0.034 |
| Jan 31, 2017 | $0.039 |
| Dec 30, 2016 | $0.036 |
| Nov 30, 2016 | $0.036 |
| Oct 31, 2016 | $0.036 |
| Sep 30, 2016 | $0.036 |
| Aug 31, 2016 | $0.040 |
| Jul 29, 2016 | $0.035 |
| Jun 30, 2016 | $0.036 |
| May 31, 2016 | $0.039 |
| Apr 29, 2016 | $0.036 |
| Mar 31, 2016 | $0.039 |
| Feb 29, 2016 | $0.040 |
| Jan 29, 2016 | $0.038 |
| Dec 31, 2015 | $0.040 |
| Nov 30, 2015 | $0.040 |
| Oct 30, 2015 | $0.040 |
| Sep 30, 2015 | $0.041 |
| Aug 31, 2015 | $0.041 |
| Jul 31, 2015 | $0.042 |
| Jun 30, 2015 | $0.044 |
| May 29, 2015 | $0.040 |
| Apr 30, 2015 | $0.041 |
| Mar 31, 2015 | $0.044 |
| Feb 27, 2015 | $0.039 |
| Jan 30, 2015 | $0.042 |
| Dec 31, 2014 | $0.046 |
| Nov 28, 2014 | $0.039 |
| Oct 31, 2014 | $0.042 |
| Sep 30, 2014 | $0.043 |
| Aug 29, 2014 | $0.041 |
| Jul 31, 2014 | $0.045 |
| Jun 30, 2014 | $0.044 |
| May 30, 2014 | $0.043 |
| Apr 30, 2014 | $0.044 |
| Mar 31, 2014 | $0.046 |
| Feb 28, 2014 | $0.044 |
| Jan 31, 2014 | $0.049 |
| Dec 31, 2013 | $0.050 |
| Nov 29, 2013 | $0.045 |
| Oct 31, 2013 | $0.048 |
| Sep 30, 2013 | $0.046 |
| Aug 30, 2013 | $0.043 |
| Jul 31, 2013 | $0.045 |
| Jun 28, 2013 | $0.036 |
| May 31, 2013 | $0.041 |
| Apr 30, 2013 | $0.044 |
| Mar 28, 2013 | $0.038 |
| Feb 28, 2013 | $0.037 |
| Jan 31, 2013 | $0.042 |
| Dec 31, 2012 | $0.043 |
| Nov 30, 2012 | $0.042 |
| Oct 31, 2012 | $0.047 |
| Sep 28, 2012 | $0.040 |
| Aug 31, 2012 | $0.044 |
| Jul 31, 2012 | $0.046 |
| Jun 29, 2012 | $0.042 |
| May 31, 2012 | $0.046 |
| Apr 30, 2012 | $0.046 |
| Mar 30, 2012 | $0.045 |
| Feb 29, 2012 | $0.044 |
| Jan 31, 2012 | $0.047 |
| Dec 30, 2011 | $0.048 |
| Nov 30, 2011 | $0.047 |
| Oct 31, 2011 | $0.049 |
| Sep 30, 2011 | $0.047 |
| Aug 31, 2011 | $0.050 |
| Jul 29, 2011 | $0.050 |
| Jun 30, 2011 | $0.049 |
| May 31, 2011 | $0.051 |
| Apr 29, 2011 | $0.050 |
| Mar 31, 2011 | $0.053 |
| Feb 28, 2011 | $0.047 |
| Jan 31, 2011 | $0.053 |
| Dec 31, 2010 | $0.052 |
| Nov 30, 2010 | $0.050 |
| Oct 29, 2010 | $0.051 |
| Sep 30, 2010 | $0.050 |
| Aug 31, 2010 | $0.051 |
| Jul 30, 2010 | $0.051 |
| Jun 30, 2010 | $0.050 |
| May 28, 2010 | $0.052 |
| Apr 30, 2010 | $0.051 |
| Mar 31, 2010 | $0.053 |
| Feb 26, 2010 | $0.049 |
| Jan 29, 2010 | $0.052 |
| Dec 31, 2009 | $0.052 |
| Nov 30, 2009 | $0.051 |
| Oct 30, 2009 | $0.052 |
| Sep 30, 2009 | $0.050 |
| Aug 31, 2009 | $0.053 |
| Jul 31, 2009 | $0.053 |
| Jun 30, 2009 | $0.052 |
| May 29, 2009 | $0.053 |
| Apr 30, 2009 | $0.052 |
| Mar 31, 2009 | $0.053 |
| Feb 27, 2009 | $0.048 |
| Jan 30, 2009 | $0.053 |
| Dec 31, 2008 | $0.054 |
| Nov 28, 2008 | $0.052 |
| Oct 31, 2008 | $0.052 |
| Sep 30, 2008 | $0.051 |
| Aug 29, 2008 | $0.053 |
| Jul 31, 2008 | $0.053 |
| Jun 30, 2008 | $0.051 |
| May 30, 2008 | $0.053 |
| Apr 30, 2008 | $0.052 |
| Mar 31, 2008 | $0.055 |
| Feb 29, 2008 | $0.049 |
| Jan 31, 2008 | $0.052 |
| Dec 31, 2007 | $0.051 |
| Nov 30, 2007 | $0.049 |
| Oct 31, 2007 | $0.051 |
| Sep 28, 2007 | $0.049 |
| Aug 31, 2007 | $0.050 |
| Jul 31, 2007 | $0.050 |
| Jun 29, 2007 | $0.049 |
| May 31, 2007 | $0.050 |
| Apr 30, 2007 | $0.048 |
| Mar 30, 2007 | $0.051 |
| Feb 28, 2007 | $0.046 |
| Jan 31, 2007 | $0.051 |
| Dec 29, 2006 | $0.051 |
| Nov 30, 2006 | $0.049 |
| Oct 31, 2006 | $0.050 |
| Sep 29, 2006 | $0.049 |
| Aug 31, 2006 | $0.050 |
| Jul 31, 2006 | $0.050 |
| Jun 30, 2006 | $0.049 |
| May 31, 2006 | $0.050 |
| Apr 28, 2006 | $0.049 |
| Mar 31, 2006 | $0.050 |
| Feb 28, 2006 | $0.046 |
| Jan 31, 2006 | $0.050 |
| Nov 30, 2005 | $0.048 |
| Oct 31, 2005 | $0.049 |
| Sep 30, 2005 | $0.048 |
| Aug 31, 2005 | $0.049 |
| Jul 29, 2005 | $0.049 |
| Jun 30, 2005 | $0.048 |
| May 31, 2005 | $0.050 |
| Apr 29, 2005 | $0.048 |
| Mar 31, 2005 | $0.050 |
| Feb 28, 2005 | $0.045 |
| Jan 31, 2005 | $0.050 |
| Dec 31, 2004 | $0.050 |
| Nov 30, 2004 | $0.048 |
| Oct 29, 2004 | $0.049 |
| Sep 30, 2004 | $0.048 |
| Aug 31, 2004 | $0.050 |
| Jul 30, 2004 | $0.050 |
| Jun 30, 2004 | $0.048 |
| May 28, 2004 | $0.051 |
| Apr 30, 2004 | $0.050 |
| Mar 31, 2004 | $0.051 |
| Feb 27, 2004 | $0.047 |
| Jan 30, 2004 | $0.050 |
| Dec 31, 2003 | $0.050 |
| Nov 28, 2003 | $0.049 |
| Oct 31, 2003 | $0.052 |
| Sep 30, 2003 | $0.051 |
| Aug 29, 2003 | $0.052 |
| Jul 31, 2003 | $0.053 |
| Jun 30, 2003 | $0.051 |
| May 30, 2003 | $0.054 |
| Apr 30, 2003 | $0.052 |
| Mar 31, 2003 | $0.055 |
| Feb 28, 2003 | $0.050 |
| Jan 31, 2003 | $0.055 |
| Dec 31, 2002 | $0.056 |
| Nov 29, 2002 | $0.051 |
| Oct 31, 2002 | $0.052 |
| Sep 30, 2002 | $0.053 |
| Aug 30, 2002 | $0.053 |
| Jul 31, 2002 | $0.059 |
| Jun 28, 2002 | $0.050 |
| May 31, 2002 | $0.056 |
| Apr 30, 2002 | $0.059 |
| Mar 28, 2002 | $0.050 |
| Feb 28, 2002 | $0.050 |
| Jan 31, 2002 | $0.056 |
| Dec 31, 2001 | $0.056 |
| Nov 30, 2001 | $0.053 |
| Oct 31, 2001 | $0.059 |
| Sep 28, 2001 | $0.051 |
| Aug 31, 2001 | $0.055 |
| Jul 31, 2001 | $0.058 |
| Jun 29, 2001 | $0.052 |
| May 31, 2001 | $0.056 |
| Apr 30, 2001 | $0.057 |
| Mar 30, 2001 | $0.055 |
| Feb 28, 2001 | $0.052 |
| Jan 31, 2001 | $0.061 |
| Dec 29, 2000 | $0.053 |
| Nov 30, 2000 | $0.056 |
| Oct 31, 2000 | $0.059 |
| Sep 29, 2000 | $0.053 |
| Aug 31, 2000 | $0.056 |
| Jul 31, 2000 | $0.056 |
| Jun 30, 2000 | $0.054 |
| May 31, 2000 | $0.060 |
| Apr 28, 2000 | $0.050 |
| Mar 31, 2000 | $0.056 |
| Feb 29, 2000 | $0.052 |
| Jan 31, 2000 | $0.057 |
| Dec 31, 1999 | $0.056 |
| Nov 30, 1999 | $0.057 |
| Oct 29, 1999 | $0.052 |
| Sep 30, 1999 | $0.054 |
| Aug 31, 1999 | $0.057 |
| Jul 30, 1999 | $0.053 |
| Jun 30, 1999 | $0.059 |
| May 28, 1999 | $0.050 |
| Apr 30, 1999 | $0.054 |
| Mar 31, 1999 | $0.059 |
| Feb 26, 1999 | $0.050 |
| Jan 29, 1999 | $0.053 |
| Dec 31, 1998 | $0.055 |
| Nov 30, 1998 | $0.057 |
| Oct 30, 1998 | $0.055 |
| Sep 30, 1998 | $0.056 |
| Aug 31, 1998 | $0.057 |
| Jul 31, 1998 | $0.057 |
| Jun 30, 1998 | $0.059 |
| May 29, 1998 | $0.054 |
| Apr 30, 1998 | $0.057 |
| Mar 31, 1998 | $0.061 |
| Feb 27, 1998 | $0.052 |
| Jan 30, 1998 | $0.056 |
| Dec 31, 1997 | $0.062 |
| Nov 28, 1997 | $0.054 |
| Oct 31, 1997 | $0.060 |
| Aug 29, 1997 | $0.055 |
| Jul 31, 1997 | $0.059 |
| Jun 30, 1997 | $0.060 |
| May 30, 1997 | $0.059 |
| Apr 30, 1997 | $0.061 |
| Mar 31, 1997 | $0.064 |
| Mar 30, 1997 | $0.613 |
| Feb 28, 1997 | $0.058 |
| Jan 31, 1997 | $0.065 |
| Dec 31, 1996 | $0.067 |
| Nov 29, 1996 | $0.060 |
| Oct 31, 1996 | $0.064 |
| Sep 30, 1996 | $0.065 |
| Aug 30, 1996 | $0.061 |
| Jul 31, 1996 | $0.066 |
| Jun 28, 1996 | $0.055 |
| May 31, 1996 | $0.061 |
| Apr 30, 1996 | $0.062 |
| Mar 29, 1996 | $0.057 |
| Feb 29, 1996 | $0.058 |
| Jan 31, 1996 | $0.065 |
| Dec 31, 1995 | $0.057 |
| Nov 30, 1995 | $0.059 |
| Oct 31, 1995 | $0.064 |
| Sep 29, 1995 | $0.059 |
| Aug 31, 1995 | $0.063 |
| Jul 31, 1995 | $0.062 |
| Jun 30, 1995 | $0.061 |
| May 31, 1995 | $0.070 |
| Apr 28, 1995 | $0.059 |
| Mar 31, 1995 | $0.067 |
| Feb 28, 1995 | $0.060 |
Start Date
Tenure
Tenure Rank
Feb 07, 2012
8.23
8.2%
Dan is the head of municipal bonds at Mellon Investments Corp, overseeing and guiding the investment management process for the firm’s tax-exempt strategies. Previously, he was the head of trading for tax-exempt bonds, responsible for managing the municipal bond trading desk. Before joining the firm, Dan directed the municipal bond group at Fleet where he was responsible for managing mutual fund, common trust fund and high net worth client assets. Previously, he was a portfolio manager at Evergreen Investments, where he managed national and state-specific mutual funds. His other responsibilities included hospital and high yield credit analysis. Dan began his career as a municipal analyst at Liberty Insurance Company. Dan has been in the investment industry since 1987. Dan holds a BA from Boston College and an MBA from Suffolk University. Dan has served as a member of the Municipal Securities Rulemaking Board's Investor Advisory Group (2004-2008). He holds the CFA® designation and is a member of the CFA Institute.
Start Date
Tenure
Tenure Rank
Jul 31, 2014
5.75
5.8%
Thomas C. Casey Director, Senior Portfolio Manager Tom is a senior portfolio manager for US Municipal Bond strategies. He is responsible for managing US Municipal Bond portfolios for institutional, insurance and high net worth clients. Previously, Tom worked as a trader and a portfolio analyst on the US Municipal team. Prior to joining the firm in 1993, Tom worked as an analyst at State Street Bank & Trust Company. Tom has been in the investment industry since 1988. Tom earned an MBA and a BA from Boston College.
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 33.44 | 7.42 | 0.33 |
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