A BNY MELLON COMPANY

Dreyfus New York AMT-Free Municipal Bond Fund

  • Ticker: DNYIX
  • Product Code: 6108
  • CUSIP: 26201V400
Share Class:

Snapshot

Fund Type: Bond
Portfolio Manager/Sub-Investment Adviser: Thomas Casey
David Belton
Inception Date December 15, 2008
Total Assets (000s) Class I (as of 04/15/14): $21,827
Portfolio (as of 04/15/14): $382,665
Minimum Initial Investment $1,000
Minimum Subsequent Investment $100
Dividend Schedule Declared Daily,
Distributed Monthly,
Paid Monthly
Fiscal Year End Nov 30
Fund Status Not available for purchase by individual investors.

Performance 1 2

Average Annual Total Returns

as of 03/31/14
1 YR 3 YR 5 YR 10 YR Since
Inception
Inception
Date
-1.11% 5.27% 5.56% 3.63% 5.68% 12/15/08
Barclays Municipal Bond Index 3
0.39% 5.79% 5.71% 4.45%    

The performance data quoted represents past performance, which is no guarantee of future results. Yield, share price and investment return fluctuate and an investor's shares may be worth more or less than original cost upon redemption. Current performance may be lower or higher than the performance quoted. Please use the pulldown menu above to view month-end performance

Morningstar Rating 4

Overall Rating: 5 stars

Morningstar Overall Rating™ for Class I shares among 38 funds in the Municipal New York Intermediate category as of 03/31/14. Ratings reflect risk-adjusted performance, and are derived from a weighted average of the fund's 3-, 5-, and 10-year (as applicable) ratings. As of 03/31/14 the fund received 5 and 5 stars for the 3- and 5-year periods out of 38 and 36 funds in the category. Past performance is no guarantee of future results. Other share classes may have different ratings.

Daily Statistics

1-Day Yield
as of 04/15/14
3.55%
30-Day Yield
as of 04/15/14
2.32%
Price
as of 04/15/14
$14.61
Change up arrow 0.01
12 Month High
(05/01/13)
$15.35
12 Month Low
(09/05/13)
$14.02

Prospectus Fee Table Expense Ratios

Total Expenses 0.64%

Dreyfus Investment Style 5

style box

Objective/Approach

The fund seeks to maximize current income exempt from federal, New York state and New York city income taxes to the extent consistent with the preservation of capital. View the Strategy & Risks section for this fund for more information.

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. For share classes offered after the fund's inception date, the total returns quoted reflect the performance of the fund's initial share class(es), adjusted to reflect applicable non-recurring sales charges. Performance for these share classes has not been adjusted to reflect any class-specific distribution or servicing fees or any differences in operating expenses. Had such fees and expenses been reflected, returns for these share class returns during such periods would have been lower.
  2. Performance is historical and not indicative of future results. Investment return, yield, and principal value will fluctuate and an investor will receive more or less than the original cost upon redemption. Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors, and should read the prospectus carefully.
  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. The Ratings formula measures the amount of variation in a fund's performance and gives more emphasis to downward variations. The top 10% of the funds in the category receive five stars; the next 22.5% four stars; the next 35% three stars; the next 22.5% two stars; and the last 10% one star. Ratings reflect sales loads.The fund represents a single portfolio with multiple share classes that have different expense structures.
  5. The "Dreyfus Investment Style Classification" graphically depicts the fund's investment strategy as described in its Prospectus. The horizontal and vertical axes describe the fund's general credit quality focus (High: AAA/AA; Medium: A/BBB; Low: Below BBB) and weighted average maturity in years (Short: <4; Intermediate 4-10; Long: >10). It is designed to support asset allocation decisions and not to depict actual fund holdings at a point in time.
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