Dreyfus GNMA Fund

  • Ticker: DRGMX
  • Product Code: 0265
  • CUSIP: 262005101
Share Class:

Portfolio Manager/Sub-Investment Adviser

The investment adviser for the fund is The Dreyfus Corporation. Robert Bayston is the primary portfolio manager, a position he has held since April 2006. Mr. Bayston has been employed by Dreyfus since September 2001. Mr. Bayston also is a portfolio manager responsible for TIPS and derivatives strategies with Standish Mellon Asset Management Company LLC ("Standish Mellon"), a subsidiary of BNY Mellon and an affiliate of Dreyfus, and manages the fund under a dual-employee relationship with Dreyfus. He joined Standish Mellon in 1991.

Sector & Allocation 1

Portfolio Statistics

Benchmark 2 Barclays GNMA Index
Number of Holdings 852
as of 03/31/14
Portfolio Turnover Rate 439.48%
as of fiscal year end 04/30/13
Average Effective Duration 3 5.6 Years
as of 03/31/14
Average Effective Maturity 7.7 Years
as of 03/31/14

Risk Measures

as of 03/31/14
R Squared 4 80.86
Beta 5 0.84
Standard Deviation 6 2.67

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. Source: Morningstar, Inc. All rights reserved. Reflects investments of dividends and, where applicable, capital gain distributions. The Barclays GNMA Index is an unmanaged total return performance benchmark for the GNMA market, consisting of 15- and 30-year fixed-rate securities backed by mortgage pools of the Government National Mortgage Association.
  3. Duration is a measure of volatility expressed in years. The higher the number, the greater the potential for volatility as interest rates change.
  4. Reflects the percentage of a fund's movements that can be explained by movements in a particular benchmark. An R-squared of 100 indicates fund movements that are perfectly correlated to those of the benchmark. In order to compare funds across general asset classes, Morningstar calculates R-squared values relative to a "standard" broad-based market index. For example, the R-squared of both a small cap, domestic equity fund and a domestic technology fund would be determined against the S&P 500 Index. Thus, the "standard" broad-based market index used by Morningstar may differ from the fund's actual benchmark stated in this factsheet. Source: Morningstar
  5. Beta is a measure of the systematic risk of a stock or a portfolio and is an indicator of expected return. A beta higher than 1.0 has higher risk than the overall market has and thus the stock or portfolio can be expected to perform in relation to the overall market in that way.
  6. A statistical measurement of dispersion around an average which depicts how widely fund returns varied over a certain period of time. Source: Morningstar
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