1 / 5 Stars
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Zacks Investment Research
Standard & Poor's
1 / 5 Stars
U.S. News evaluated 43 High Yield Muni Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 3.82 percent over the past year, 5.58 percent over the past three years, and 6.71 percent over the past five years.
|Trailing Returns||Updated 06.30.2014|
|Year to date||7.8%|
|3 Years (Annualized)||5.6%|
|5 Years (Annualized)||6.7%|
|10 Years (Annualized)||N/A|
The investment seeks high current income exempt from federal income tax. To pursue its goals, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that provide income exempt from federal income tax. It invests at least 50% of its assets in municipal bonds rated BBB/Baa or lower by independent rating agencies or the unrated equivalent as determined by The Dreyfus Corporation. The fund may invest up to 50% of its assets in higher quality municipal bonds (those rated AAA/Aaa to A or the unrated equivalent as determined by The Dreyfus Corporation). It is non-diversified.
Fees are High compared to funds in the same category.
Dreyfus High Yield Municipal Bond Fund has an expense ratio of 1.77 percent.
Risk is Average compared to funds in the same category according to Morningstar.