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DRMBX Dreyfus AMT-Free Municipal Bond Z

  • Fund
  • DRMBX
  • Price as of: May 20, 2019
  • $14.26 - $0.00 - 0.00%
  • Category
  • National Munis
Profile Performance Holdings Expenses Distributions Managers Read Next

DRMBX - Profile

Vitals

  • YTD Return 3.4%
  • 3 Yr Annualized Return -0.5%
  • 5 Yr Annualized Return 0.4%
  • Net Assets $983 M
  • Holdings in Top 10 13.9%

52 WEEK LOW AND HIGH

$14.26
$13.55
$14.27

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.69%

SALES FEES

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

BROKERAGE FEES

  • Turnover 29.95%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jun 30, 2003

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 3.4%
  • 3 Yr Annualized Total Return -0.5%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.99%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 adviser. The fund is non-diversified.

DRMBX - Performance

Return Ranking - Trailing

Period DRMBX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% -3.2% 4.3% 17.79%
1 Yr 3.5% -3.1% 5.2% 15.61%
3 Yr -0.5%* -3.1% 1.8% 60.90%
5 Yr 0.4%* -2.2% 2.0% 21.99%
10 Yr 0.9%* -8.8% 2.8% 25.77%

* Annualized

Return Ranking - Calendar

Period DRMBX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.2% -4.8% 0.8% 61.11%
2017 2.4% -0.9% 5.6% 25.90%
2016 -3.2% -6.1% 7.3% 75.15%
2015 0.4% -10.9% 2.6% 15.07%
2014 6.5% -60.4% 12.0% 23.32%

Total Return Ranking - Trailing

Period DRMBX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% -3.2% 4.8% 19.37%
1 Yr 3.5% -3.1% 7.2% 22.33%
3 Yr -0.5%* -3.0% 3.1% 67.41%
5 Yr 0.4%* -1.9% 3.8% 33.82%
10 Yr 0.9%* -8.8% 4.8% 35.89%

* Annualized

Total Return Ranking - Calendar

Period DRMBX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.2% -4.8% 1.7% 63.89%
2017 2.4% -0.9% 6.2% 32.73%
2016 -3.2% -6.1% 7.3% 77.60%
2015 0.4% -9.6% 3.9% 22.61%
2014 6.5% -60.4% 12.0% 25.84%

NAV & Total Return History

DRMBX - Holdings

Concentration Analysis

DRMBX Category Low Category High DRMBX % Rank
Net Assets 983 M 770 K 66.2 B 51.38%
Number of Holdings 241 3 8426 61.19%
Net Assets in Top 10 134 M -122 M 1.81 B 48.12%
Weighting of Top 10 13.93% 2.5% 100.0% 50.89%

Top 10 Holdings

  1. KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4% 2.06%
  2. CITIZENS PPTY INS CORP FLA 5% 1.88%
  3. DENVER COLO CITY & CNTY ARPT REV 5% 1.72%
  4. JEFFERSON CNTY ALA SWR REV 1.32%
  5. WASHINGTON ST CONVENTION CTR PUB FACS DIST 5% 1.31%
  6. TOBACCO SETTLEMENT FING CORP N J 5.25% 1.22%
  7. GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV 5% 1.17%
  8. INDIANA FIN AUTH HOSP REV 5% 1.13%
  9. LANCASTER CNTY PA HOSP AUTH REV 5% 1.08%
  10. MAIN STR NAT GAS INC GA GAS SUPPLY REV 2.42% 1.05%

Asset Allocation

Weighting Return Low Return High DRMBX % Rank
Bonds 		99.45% 66.80% 103.87% 24.16%
Cash 		0.55% -2.12% 31.82% 73.07%
Stocks 		0.00% 0.00% 0.01% 9.90%
Preferred Stocks 		0.00% 0.00% 9.32% 10.10%
Other 		0.00% -3.88% 30.00% 19.21%
Convertible Bonds 		0.00% 0.00% 2.58% 10.69%

Bond Sector Breakdown

Weighting Return Low Return High DRMBX % Rank
Municipal 		99.45% 0.00% 112.93% 24.95%
Cash & Equivalents 		0.55% -7.72% 31.82% 69.50%
Derivative 		0.00% 0.00% 0.01% 10.50%
Securitized 		0.00% 0.00% 25.65% 13.07%
Corporate 		0.00% 0.00% 39.31% 24.16%
Government 		0.00% -13.64% 71.35% 14.46%

Bond Geographic Breakdown

Weighting Return Low Return High DRMBX % Rank
US 		99.03% 53.15% 103.17% 22.77%
Non US 		0.42% 0.00% 25.08% 39.41%

DRMBX - Expenses

Operational Fees

DRMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.08% 4.80% 59.29%
Management Fee 0.60% 0.00% 0.65% 97.43%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.34% N/A

Sales Fees

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 0.50% 5.50% N/A

Trading Fees

DRMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 29.95% 0.00% 504.54% 50.20%

DRMBX - Distributions

Dividend Yield Analysis

DRMBX Category Low Category High DRMBX % Rank
Dividend Yield 0.02% 0.00% 0.94% 56.52%

Dividend Distribution Analysis

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

Dividend Payout History

View More History

Net Income Ratio Analysis

DRMBX Category Low Category High DRMBX % Rank
Net Income Ratio 2.99% 0.01% 4.95% 25.10%

Capital Gain Distribution Analysis

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

DRMBX - Managers

Daniel Rabasco

Manager

Start Date

Tenure

Tenure Rank

Feb 07, 2012

7.23

7.2%

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.

Thomas C. Casey

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 2014

4.75

4.8%

Mr. Casey is a senior portfolio manager for tax sensitive strategies at Standish Mellon Asset Management Company LLC (Standish), an affiliate of Dreyfus. 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.

Tenure Analysis

Category Low

0.0

Category High

39.6

Category Average

7.67

Category Mode

4.15

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