Dreyfus State Muni Bond MN A LW  PSMNX.LW
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Muni Minnesota Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Avg Duration
   4.72 Yrs
   Avg Credit Quality
   AA
As of 2009-09-30
Day Change
$ 0.01
  
NAV (2009-11-20)
$ 15.06
  
YTD Return % (2009-11-20)
14.31%
  
Total Assets ($ mil)
131
View Data Definitions
  Performance    
Growth of $10,000 Fund: Dreyfus State Muni Bond MN A LW
(from 1999-01-01 to 2009-10-31) Category: Muni Minnesota
Index: Barcap Municipal!
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 1987-05-28 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 14.31 11.66 3.42 3.70 5.34 6.28
+/- Category -0.10 -2.17 0.20 0.26 0.54 ---
+/- Barcap Municipal! --- --- --- --- --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 15.51 12.62 4.26 4.38 5.33 6.37
Month-End (as of 2009-10-31) 14.08 14.17 3.68 3.93 5.34 6.28
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 14.08 3.65 3.88 5.30 ---
On Distribution & Sale of Shares --- 10.84 3.75 3.96 5.24 ---
Morningstar Rating --- --- ---
# of compared funds covered (3 yrs : out of 56 funds), (5 yrs : out of 53 funds), (10 yrs : out of 52 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
General Obligations 28.97
Advance Refunded 5.92
State Appropriated Tobacco ---
Non-state Appropriated Tobacco ---
Education 7.63
Health 11.87
Housing 24.48
Industrial 1.25
Transportation 8.22
Utilities 5.89
Water/Sewer ---
Misc. Revenue 5.78
Bond Quality % of Bonds
AAA 25.0
AA 35.4
A 22.8
BBB 9.3
BB 1.8
B 0.4
Below B 0.0
Not Rated 5.3
 
Asset Allocation
% of Net Assets
Cash 0.1
Stocks 0.0
Bonds 99.9
Other 0.0
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings Turnover % 14
Total Number of Bond Holdings 67 30 Day SEC Yield % 3.47
% of Assets in Top 10 Holdings 31.13 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
Lakeville Minn Indpt Sch Dist 5.5% 2024-02-01 8,700 9,772 7.60
Willmar Minn Rev Bds 5% 2032-02-01 4,000 4,141 3.22
Minnesota Agric & Econ Dev Rev Bd 6.375% 2029-11-15 3,850 4,132 3.21
Minneapolis Minn Health Care S Rev 6.5% 2038-11-15 3,000 3,491 2.72
St Paul Minn Hsg & Redev Auth 5.25% 2023-08-01 3,395 3,477 2.71
Chaska Minn Elec Rev Elec 6% 2020-10-01 3,000 3,165 2.46
Minneapolis & St Paul Minn Met Arpt 6% 2018-01-01 3,000 3,045 2.37
Dakota Cnty Minn Cmnty Dev Agy Mult 5.4% 2043-11-20 3,000 3,019 2.35
Lake Superior Minn Indpt Sch D Go Bds 5% 2021-04-01 2,640 2,923 2.27
Minnesota St Hsg Fin Agy Rev Bds 5% 2020-01-01 2,800 2,849 2.22
Data through 2009-09-30
  Other Information
Fund Inception: 1987-05-28
Portfolio Manager  (Start Date)
Joseph P. Darcy  (2009-10-31)
Darcy is a portfolio manager with The Dreyfus Corporation, his employer since 1994. Previously, he was a vice president and portfolio manager with Merrill Lynch. From 1986 to 1989, he served as an institutional sales and marketing specialist with Chemical Bank. Prior to that, he worked for Prudential Securities as a retail account executive and vice president of the institutional municipal-sales department from 1981 to 1986.
Sales Charge %
(taken from prospectus dated 2009-09-01)
Front: None
Deferred: None
Expense Ratio % 1.10
based on net assets
(taken from annual report dated 2008-04-30)
Correspondence Information
C/O Dreyfus Corp
200 Park Ave 8th Fl. W.
New York,  NY  10166
Telephone:
800-645-6561
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.