Dreyfus New York AMT-Free Municipal Bond Fund

  • Ticker: DNYYX
  • Product Code: 0028
  • CUSIP: 26201V509
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Portfolio Manager/Sub-Investment Adviser

The investment adviser to the fund is The Dreyfus Corporation. Thomas Casey and David Belton are the co-primary portfolio managers of the fund, positions they have held since December 2009. Messrs. Casey and Belton manage a number of other state-specific municipal bond funds for Dreyfus, where Mr. Casey has been employed since April 2009 and Mr. Belton has been employed since December 2009. Mr. Casey also is a senior portfolio manager for tax sensitive strategies at Standish Mellon Asset Management LLC ("Standish"), an affiliate of Dreyfus, where he also has been employed since July 1993. Mr. Belton is the Head of Municipal Bond Research at Standish, where he has been employed since November 1997. Each manages the fund under a dual-employee relationship between Standish and Dreyfus.

Portfolio Statistics

Benchmark 3 Barclays Municipal Bond Index
Number of Holdings 131
as of 03/31/14
Portfolio Turnover Rate 12.95%
as of fiscal year end 11/30/13
Average Effective Duration 4 4.8 Years
as of 03/31/14
Average Effective Maturity 14.5 Years
as of 03/31/14

Investors should consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. Download a prospectus, or a summary prospectus, if available, that contains this and other information about the fund, and read it carefully before investing.

Notes & Disclosures
  1. Portfolio composition and allocation is as of 03/31/14 and is subject to change at any time. Totals may not be exact due to rounding. Negative exposures may represent short positions through derivatives.
  2. Bonds rated BBB/Baa or higher are considered investment grade, while bonds rated BB/Ba or lower are considered speculative as to the timely payment of principal and interest. Credit ratings reflect only those assigned by S&P, Moody's, and/or Fitch. Split-rated bonds, if any, are reported in the higher rating category.
  3. Source: Morningstar, Inc. All rights reserved. Reflects investments of dividends and, where applicable, capital gain distributions. The Barclays Municipal Bond Index is a widely accepted, unmanaged total return performance benchmark for the long-term, investment-grade tax-exempt bond market.
  4. Duration is a measure of volatility expressed in years. The higher the number, the greater the potential for volatility as interest rates change.
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