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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-4764
DREYFUS PREMIER MUNICIPAL BOND FUND |
(Exact name of Registrant as specified in charter) |
c/o The Dreyfus Corporation | ||
200 Park Avenue | ||
New York, New York 10166 | ||
(Address of principal executive offices) | (Zip code) |
Michael A. Rosenberg, Esq. |
200 Park Avenue |
New York, New York 10166 |
(Name and address of agent for service) |
Registrant's telephone number, including area code: | (212) 922-6000 | |||
Date of fiscal year end: | 4/30 | |||
Date of reporting period: | 7/31/08 |
FORM N-Q |
Item 1. |
Schedule of Investments.
STATEMENT OF INVESTMENTS | ||||||||
Dreyfus Premier Municipal Bond Fund | ||||||||
July 31, 2008 (Unaudited) | ||||||||
Long-Term Municipal | Coupon | Maturity | Principal | |||||
Investments--104.0% | Rate (%) | Date | Amount ($) | Value ($) | ||||
|
|
|
|
| ||||
Alabama--.6% | ||||||||
Alabama University, | ||||||||
HR (Insured; MBIA, Inc.) | 5.75 | 9/1/10 | 3,000,000 a | 3,239,040 | ||||
Arizona--2.4% | ||||||||
Arizona Health Facilities | ||||||||
Authority, Health Care | ||||||||
Facilities Revenue (The | ||||||||
Beatitudes Campus Project) | 5.20 | 10/1/37 | 2,400,000 | 1,909,032 | ||||
City of Phoenix, County of | ||||||||
Maricopa and the County of | ||||||||
Pima Industrial Development | ||||||||
Authorities, SFMR | ||||||||
(Collateralized: FHLMC, FNMA | ||||||||
and GNMA) | 5.80 | 12/1/39 | 7,810,000 | 7,766,264 | ||||
Pima County Industrial Development | ||||||||
Authority, Education Revenue | ||||||||
(American Charter Schools | ||||||||
Foundation Project) | 5.63 | 7/1/38 | 5,000,000 | 4,425,900 | ||||
California--9.9% | ||||||||
California, | ||||||||
GO | 5.63 | 5/1/10 | 2,530,000 a | 2,692,047 | ||||
California, | ||||||||
GO (Insured; MBIA, Inc.) | 4.25 | 8/1/33 | 3,625,000 | 3,092,125 | ||||
California, | ||||||||
GO (Various Purpose) | 5.25 | 11/1/27 | 5,000,000 | 5,084,400 | ||||
California Health Facilities | ||||||||
Financing Authority, Revenue | ||||||||
(Sutter Health) | 5.25 | 11/15/46 | 6,475,000 | 6,290,463 | ||||
California Pollution Control | ||||||||
Financing Authority, PCR (San |
Diego Gas and Electric Company) | 5.90 | 6/1/14 | 12,710,000 b,c | 14,044,296 | ||||
California Statewide Communities | ||||||||
Development Authority, Revenue | ||||||||
(Daughters of Charity Health | ||||||||
System) | 5.25 | 7/1/35 | 6,270,000 | 5,739,056 | ||||
Golden State Tobacco | ||||||||
Securitization Corporation, | ||||||||
Tobacco Settlement | ||||||||
Asset-Backed Bonds | 7.88 | 6/1/13 | 2,170,000 a | 2,582,994 | ||||
Golden State Tobacco | ||||||||
Securitization Corporation, | ||||||||
Tobacco Settlement | ||||||||
Asset-Backed Bonds | 7.90 | 6/1/13 | 1,920,000 a | 2,287,430 | ||||
Golden State Tobacco | ||||||||
Securitization Corporation, | ||||||||
Tobacco Settlement | ||||||||
Asset-Backed Bonds | 5.13 | 6/1/47 | 3,750,000 | 2,768,325 | ||||
Lincoln, Community Facilities | ||||||||
District Number 2003-1, | ||||||||
Special Tax Bonds (Lincoln | ||||||||
Crossing Project) | 6.00 | 9/1/13 | 3,145,000 a | 3,595,427 | ||||
Los Angeles Department of Water | ||||||||
and Power, Water System | ||||||||
Revenue (Insured; AMBAC) | 5.00 | 7/1/35 | 10,000,000 | 10,006,000 | ||||
Colorado--5.1% | ||||||||
Colorado Educational and Cultural | ||||||||
Facilities Authority, LR | ||||||||
(Community Colleges of | ||||||||
Colorado System Headquarters | ||||||||
Project) (Insured; AMBAC) | 5.50 | 12/1/21 | 1,100,000 | 1,159,345 | ||||
Colorado Health Facilities | ||||||||
Authority, Revenue (Poudre | ||||||||
Hospital) (Insured; FSA) | 5.25 | 3/1/36 | 5,000,000 | 5,026,450 | ||||
Colorado Housing Finance Authority | ||||||||
(Single Family Program) | ||||||||
(Collateralized; FHA) | 7.15 | 10/1/30 | 45,000 | 45,895 | ||||
Colorado Housing Finance Authority |
(Single Family Program) | ||||||||
(Collateralized; FHA) | 6.60 | 8/1/32 | 2,580,000 | 2,728,737 | ||||
Denver City and County, | ||||||||
Airport Revenue (Insured; | ||||||||
AMBAC) | 6.00 | 11/15/17 | 5,000,000 | 5,083,300 | ||||
Northwest Parkway Public Highway | ||||||||
Authority, Revenue | 7.13 | 6/15/11 | 8,250,000 a | 9,279,105 | ||||
Northwest Parkway Public Highway | ||||||||
Authority, Revenue (Insured; | ||||||||
AMBAC) | 0.00 | 6/15/11 | 6,125,000 a,d | 2,106,388 | ||||
University of Colorado Hospital | ||||||||
Authority, Revenue | 5.25 | 11/15/39 | 4,810,000 | 4,352,906 | ||||
Connecticut--3.5% | ||||||||
Connecticut | 5.50 | 12/15/15 | 7,400,000 b,c | 8,355,636 | ||||
Connecticut Health and Educational | ||||||||
Facilities Authority, Revenue | ||||||||
(University of Hartford Issue) | ||||||||
(Insured; Radian) | 5.63 | 7/1/26 | 1,810,000 | 1,786,796 | ||||
Mashantucket Western Pequot Tribe, | ||||||||
Special Revenue | 5.75 | 9/1/27 | 8,000,000 b | 7,112,880 | ||||
Mashantucket Western Pequot Tribe, | ||||||||
Special Revenue | 6.50 | 9/1/31 | 3,500,000 b | 3,356,710 | ||||
Delaware--.4% | ||||||||
Wilmington, | ||||||||
GO | 5.00 | 12/1/27 | 2,000,000 | 2,063,420 | ||||
Florida--9.1% | ||||||||
Broward County Housing Finance | ||||||||
Authority, MFHR (Emerald Palms | ||||||||
Apartments Project) | 5.60 | 7/1/21 | 1,810,000 | 1,801,348 | ||||
Broward County Housing Finance | ||||||||
Authority, MFHR (Pembroke | ||||||||
Villas Project) (Insured; FSA) | 5.55 | 1/1/23 | 1,000,000 | 982,440 | ||||
Broward County School Board, | ||||||||
COP (Master Lease Purchase | ||||||||
Agreement) (Insured; FSA) | 5.00 | 7/1/21 | 1,250,000 | 1,281,238 | ||||
Capital Projects Finance | ||||||||
Authority, Revenue (Capital |
Projects Loan Program-AAAE | ||||||||
Airport Projects) (Insured; | ||||||||
MBIA, Inc.) | 5.25 | 6/1/14 | 1,485,000 | 1,549,687 | ||||
Capital Projects Finance | ||||||||
Authority, Student Housing | ||||||||
Revenue (Capital Projects Loan | ||||||||
Program-Florida Universities) | ||||||||
(Insured; MBIA, Inc.) | 5.50 | 10/1/17 | 2,520,000 | 2,613,442 | ||||
Escambia County Housing Finance | ||||||||
Authority, SFMR (Multi-County | ||||||||
Program) (Collateralized: FNMA | ||||||||
and GNMA) | 5.50 | 10/1/21 | 1,770,000 | 1,772,000 | ||||
Florida Board of Education, | ||||||||
Lottery Revenue (Insured; FGIC) | 5.00 | 7/1/20 | 1,480,000 | 1,512,915 | ||||
Florida Department of Children and | ||||||||
Family Services, COP (South | ||||||||
Florida Evaluation Treatment | ||||||||
Center Project) | 5.00 | 10/1/21 | 1,600,000 | 1,635,664 | ||||
Florida Housing Finance Agency, | ||||||||
Housing Revenue (Brittany of | ||||||||
Rosemont Apartments Project) | ||||||||
(Insured; AMBAC) | 7.00 | 2/1/35 | 6,000,000 | 6,002,400 | ||||
Florida Intergovernmental Finance | ||||||||
Commission, Capital Revenue | ||||||||
(Insured; AMBAC) | 5.00 | 2/1/18 | 1,000,000 | 1,027,040 | ||||
Florida Intergovernmental Finance | ||||||||
Commission, Capital Revenue | ||||||||
(Insured; AMBAC) | 5.13 | 2/1/31 | 1,500,000 | 1,502,265 | ||||
Highlands County Health Facilities | ||||||||
Authority, HR (Adventist | ||||||||
Health System/Sunbelt | ||||||||
Obligated Group) | 6.00 | 11/15/11 | 2,500,000 a | 2,761,150 | ||||
Highlands County Health Facilities | ||||||||
Authority, HR (Adventist | ||||||||
Health System/Sunbelt | ||||||||
Obligated Group) | 5.25 | 11/15/36 | 9,480,000 | 9,049,608 | ||||
Lee County Housing Finance |
Authority, SFMR | ||||||||
(Collateralized: FHLMC, FNMA | ||||||||
and GNMA) | 6.30 | 3/1/29 | 100,000 | 101,448 | ||||
Manatee County Housing Finance | ||||||||
Authority, SFMR | ||||||||
(Collateralized; GNMA) | 5.85 | 11/1/33 | 1,120,000 | 1,096,749 | ||||
Miami-Dade County, | ||||||||
Aviation Revenue, Miami | ||||||||
International Airport (Hub of | ||||||||
the Americas) (Insured; FSA) | 5.00 | 10/1/33 | 1,285,000 | 1,173,449 | ||||
Miami-Dade County, | ||||||||
Solid Waste System Revenue | ||||||||
(Insured; FSA) | 5.50 | 10/1/17 | 2,595,000 | 2,755,163 | ||||
Miami-Dade County Housing Finance | ||||||||
Authority, MFMR (Country Club | ||||||||
Villas II Project) (Insured; | ||||||||
FSA) | 5.70 | 7/1/21 | 400,000 | 402,412 | ||||
Orange County Housing Finance | ||||||||
Authority, MFHR (Palm Grove | ||||||||
Gardens) (Collateralized; FNMA) | 5.15 | 1/1/23 | 1,175,000 | 1,196,103 | ||||
Orange County Housing Finance | ||||||||
Authority, MFHR (Seminole | ||||||||
Pointe Apartments) | 5.75 | 12/1/23 | 2,840,000 | 2,784,506 | ||||
Osceola County Industrial | ||||||||
Development Authority, Revenue | ||||||||
(Community Provider Pooled | ||||||||
Loan Program) | 7.75 | 7/1/17 | 948,000 | 948,521 | ||||
Palm Bay, | ||||||||
Educational Facilities Revenue | ||||||||
(Patriot Charter School | ||||||||
Project) | 7.00 | 7/1/36 | 215,000 | 206,970 | ||||
Palm Bay, | ||||||||
Utility System Improvement | ||||||||
Revenue (Insured; FGIC) | 0.00 | 10/1/20 | 1,845,000 d | 998,330 | ||||
Port of Palm Beach District, | ||||||||
Revenue (Insured; XLCA) | 0.00 | 9/1/23 | 1,000,000 d | 456,300 | ||||
Port Saint Lucie, |
Utility System Revenue | ||||||||
(Insured; MBIA, Inc.) | 0.00 | 9/1/33 | 4,000,000 d | 930,320 | ||||
Seminole Water Control District, | ||||||||
Improvement Bonds (Unit of | ||||||||
Development Number 2) | 6.75 | 8/1/22 | 1,680,000 | 1,684,250 | ||||
South Indian River Water Control | ||||||||
District, Special Assessment | ||||||||
Revenue Improvement (Unit of | ||||||||
Development RI-13) (Insured; | ||||||||
MBIA, Inc.) | 5.00 | 8/1/21 | 1,095,000 | 1,102,391 | ||||
Village Center Community | ||||||||
Development District, Utility | ||||||||
Revenue (Insured; MBIA, Inc.) | 5.25 | 10/1/23 | 1,000,000 | 1,041,570 | ||||
Winter Park, | ||||||||
Water and Sewer Revenue | ||||||||
(Insured; AMBAC) | 5.38 | 12/1/18 | 1,730,000 | 1,830,392 | ||||
Winter Springs, | ||||||||
Water and Sewer Revenue | ||||||||
(Insured; MBIA, Inc.) | 5.00 | 4/1/20 | 1,585,000 | 1,620,282 | ||||
Georgia--1.7% | ||||||||
College Park Business and | ||||||||
Industrial Development | ||||||||
Authority, Revenue (Civic | ||||||||
Center Project) (Insured; | ||||||||
AMBAC) | 5.75 | 9/1/10 | 4,250,000 a | 4,625,530 | ||||
Georgia | 5.25 | 7/1/10 | 5,000,000 a | 5,279,250 | ||||
Illinois--4.3% | ||||||||
Chicago, | ||||||||
SFMR (Collateralized: FHLMC, | ||||||||
FNMA and GNMA) | 6.45 | 9/1/29 | 1,700,000 | 1,726,826 | ||||
Chicago Board of Education, | ||||||||
Unlimited Tax GO (Dedicated | ||||||||
Revenues) | 5.25 | 12/1/25 | 10,000,000 | 10,395,600 | ||||
Illinois Development Finance | ||||||||
Authority, Revenue (Community | ||||||||
Rehabilitation Providers | ||||||||
Facilities Acquisition Program) | 8.75 | 3/1/10 | 67,000 | 67,088 |
Illinois Development Finance | ||||||||
Authority, Revenue (Community | ||||||||
Rehabilitation Providers | ||||||||
Facilities Acquisition Program) | 8.25 | 8/1/12 | 216,484 | 171,912 | ||||
Illinois Educational Facilities | ||||||||
Authority, Revenue | ||||||||
(Northwestern University) | 5.00 | 6/1/12 | 7,500,000 b,c | 7,502,363 | ||||
Metropolitan Pier and Exposition | ||||||||
Authority, Dedicated State Tax | ||||||||
Revenue (McCormick Place | ||||||||
Expansion Project) (Insured; | ||||||||
MBIA, Inc.) | 5.50 | 6/15/23 | 5,000,000 | 5,281,350 | ||||
Kansas--1.3% | ||||||||
Sedgwick and Shawnee Counties, | ||||||||
SFMR (Mortgage-Backed | ||||||||
Securities Program) | ||||||||
(Collateralized: FNMA and GNMA) | 5.55 | 6/1/38 | 2,500,000 | 2,447,000 | ||||
Wichita, | ||||||||
HR (Via Christi Health System, | ||||||||
Inc.) | 6.25 | 11/15/19 | 2,000,000 | 2,120,480 | ||||
Wichita, | ||||||||
HR (Via Christi Health System, | ||||||||
Inc.) | 6.25 | 11/15/20 | 3,000,000 | 3,180,720 | ||||
Kentucky--2.2% | ||||||||
Mount Sterling, | ||||||||
LR (Kentucky League of Cities | ||||||||
Funding Trust Program) | 6.10 | 3/1/18 | 5,500,000 | 6,221,270 | ||||
Pendleton County, | ||||||||
Multi-County LR (Kentucky | ||||||||
Association of Counties | ||||||||
Leasing Trust Program) | 6.40 | 3/1/19 | 6,000,000 | 6,878,220 | ||||
Louisiana--1.1% | ||||||||
Louisiana Housing Finance Agency, | ||||||||
SFMR (Home Ownership Program) | ||||||||
(Collateralized: FNMA and GNMA) | 6.40 | 12/1/30 | 1,340,000 | 1,382,384 | ||||
Louisiana Local Government | ||||||||
Environmental Facilities and |
Community Development | ||||||||
Authority, Revenue (Westlake | ||||||||
Chemical Corporation Projects) | 6.75 | 11/1/32 | 5,000,000 | 4,879,400 | ||||
Maryland--1.3% | ||||||||
Maryland Energy Financing | ||||||||
Administration, SWDR | ||||||||
(Wheelabrator Water | ||||||||
Technologies Baltimore LLC | ||||||||
Projects) | 6.45 | 12/1/16 | 2,100,000 | 2,122,701 | ||||
Maryland Health and Higher | ||||||||
Educational Facilities | ||||||||
Authority, Revenue (Johns | ||||||||
Hopkins University Issue) | 5.25 | 7/1/38 | 5,000,000 e | 5,187,650 | ||||
Massachusetts--2.7% | ||||||||
Massachusetts Health and | ||||||||
Educational Facilities | ||||||||
Authority, Revenue | ||||||||
(Massachusetts Institute of | ||||||||
Technology Issue) | 5.25 | 7/1/30 | 9,485,000 | 10,413,392 | ||||
Massachusetts Industrial Finance | ||||||||
Agency, Water Treatment | ||||||||
Revenue | ||||||||
(Massachusetts-American | ||||||||
Hingham Project) | 6.95 | 12/1/35 | 2,450,000 | 2,454,606 | ||||
Route 3 North Transportation | ||||||||
Improvement Association, LR | ||||||||
(Insured; MBIA, Inc.) | 5.75 | 6/15/10 | 3,000,000 a | 3,193,410 | ||||
Michigan--5.5% | ||||||||
Detroit School District, | ||||||||
School Building and Site | ||||||||
Improvement Bonds (GO - | ||||||||
Unlimited Tax) (Insured; FGIC) | 5.00 | 5/1/28 | 5,000,000 | 4,950,100 | ||||
Michigan Building Authority, | ||||||||
Revenue (Residual Certificates) | 5.50 | 10/15/17 | 10,000,000 b,c | 10,618,100 | ||||
Michigan Strategic Fund, | ||||||||
SWDR (Genesee Power Station | ||||||||
Project) | 7.50 | 1/1/21 | 7,525,000 | 7,232,052 |
Pontiac Tax Increment Finance | ||||||||
Authority, Tax Increment | ||||||||
Revenue (Development Area | ||||||||
Number 3) | 6.25 | 6/1/12 | 2,640,000 a | 2,956,826 | ||||
Pontiac Tax Increment Finance | ||||||||
Authority, Tax Increment | ||||||||
Revenue (Development Area | ||||||||
Number 3) | 6.25 | 6/1/22 | 610,000 | 522,703 | ||||
Romulus Economic Development | ||||||||
Corporation, Limited | ||||||||
Obligation EDR (Romulus HIR | ||||||||
Limited Partnership Project) | ||||||||
(Insured; ITT Lyndon Property | ||||||||
Insurance Company) | 7.00 | 11/1/15 | 5,000,000 | 6,016,500 | ||||
Minnesota--1.8% | ||||||||
Chaska, | ||||||||
Electric Revenue | 6.00 | 10/1/10 | 2,000,000 a | 2,146,440 | ||||
Minnesota Housing Finance Agency, | ||||||||
SFMR | 5.95 | 1/1/17 | 405,000 | 410,597 | ||||
Saint Paul Housing and | ||||||||
Redevelopment Authority, | ||||||||
Hospital Facility Revenue | ||||||||
(HealthEast Project) | 6.00 | 11/15/30 | 3,000,000 | 2,983,260 | ||||
Saint Paul Housing and | ||||||||
Redevelopment Authority, | ||||||||
Hospital Facility Revenue | ||||||||
(HealthEast Project) | 6.00 | 11/15/35 | 4,855,000 | 4,793,487 | ||||
Mississippi--.3% | ||||||||
Mississippi Home Corporation, | ||||||||
SFMR (Collateralized; GNMA) | 6.95 | 12/1/31 | 1,620,000 | 1,679,616 | ||||
Missouri--1.2% | ||||||||
Missouri Development Finance | ||||||||
Board, Infrastructure | ||||||||
Facilities Revenue (Branson | ||||||||
Landing Project) | 5.38 | 12/1/27 | 2,470,000 | 2,314,662 | ||||
Missouri Health and Educational | ||||||||
Facilities Authority, Health |
Facilities Revenue (Saint | ||||||||
Anthony's Medical Center) | 6.13 | 12/1/10 | 4,000,000 a | 4,370,760 | ||||
Missouri Housing Development | ||||||||
Commission, SFMR | ||||||||
(Homeownership Loan Program) | ||||||||
(Collateralized: FNMA and GNMA) | 6.30 | 9/1/25 | 95,000 | 96,293 | ||||
New Jersey--5.5% | ||||||||
New Jersey Transportation Trust | ||||||||
Fund Authority (Transportation | ||||||||
System) (Insured; AMBAC) | 5.00 | 12/15/27 | 10,000,000 | 10,179,200 | ||||
New Jersey Turnpike Authority, | ||||||||
Turnpike Revenue (Insured; | ||||||||
MBIA, Inc.) | 5.50 | 1/1/10 | 6,000,000 a | 6,286,200 | ||||
New Jersey Turnpike Authority, | ||||||||
Turnpike Revenue (Insured; | ||||||||
MBIA, Inc.) | 6.00 | 1/1/11 | 8,995,000 | 9,617,094 | ||||
Tobacco Settlement Financing | ||||||||
Corporation of New Jersey, | ||||||||
Tobacco Settlement | ||||||||
Asset-Backed Bonds | 7.00 | 6/1/13 | 5,135,000 a | 6,025,204 | ||||
New Mexico--1.1% | ||||||||
Farmington, | ||||||||
PCR (Public Service Company of | ||||||||
New Mexico San Juan Project) | 6.38 | 4/1/22 | 1,430,000 | 1,432,932 | ||||
Jicarilla Apache Nation, | ||||||||
Revenue | 5.50 | 9/1/23 | 5,000,000 | 5,145,350 | ||||
New York--5.9% | ||||||||
Austin Trust | ||||||||
(Port Authority of New York | ||||||||
and New Jersey, Consolidated | ||||||||
Bonds, 151th Series) | 6.00 | 9/15/28 | 9,690,000 b,c | 10,384,143 | ||||
New York City Industrial | ||||||||
Development Agency, Special | ||||||||
Facility Revenue (American | ||||||||
Airlines, Inc. John F. Kennedy | ||||||||
International Airport Project) | 7.13 | 8/1/11 | 3,555,000 | 3,341,202 | ||||
New York City Industrial |
Development Agency, Special | ||||||||
Facility Revenue (American | ||||||||
Airlines, Inc. John F. Kennedy | ||||||||
International Airport Project) | 8.00 | 8/1/28 | 3,000,000 | 2,640,150 | ||||
New York City Municipal Water | ||||||||
Finance Authority, Water and | ||||||||
Sewer System Revenue | 6.00 | 6/15/10 | 3,085,000 a | 3,331,707 | ||||
New York State Dormitory | ||||||||
Authority, Revenue (New York | ||||||||
University) (Insured; MBIA, | ||||||||
Inc.) | 6.00 | 7/1/17 | 3,500,000 | 4,071,865 | ||||
New York State Dormitory | ||||||||
Authority, Revenue (Orange | ||||||||
Regional Medical Center | ||||||||
Obligated Group) | 6.25 | 12/1/37 | 5,000,000 | 4,881,350 | ||||
New York State Dormitory | ||||||||
Authority, Revenue (Rochester | ||||||||
Institute of Technology) | ||||||||
(Insured; AMBAC) | 5.25 | 7/1/24 | 3,345,000 | 3,411,164 | ||||
New York State Dormitory | ||||||||
Authority, Revenue (State | ||||||||
University Educational | ||||||||
Facilities) | 7.50 | 5/15/13 | 2,500,000 | 2,961,175 | ||||
North Carolina--3.8% | ||||||||
North Carolina Eastern Municipal | ||||||||
Power Agency, Power System | ||||||||
Revenue | 7.00 | 1/1/13 | 3,500,000 | 3,875,690 | ||||
North Carolina Eastern Municipal | ||||||||
Power Agency, Power System | ||||||||
Revenue (Insured; ACA) | 6.75 | 1/1/26 | 5,000,000 | 5,207,150 | ||||
North Carolina Medical Care | ||||||||
Commission, Revenue (North | ||||||||
Carolina Housing Foundation, | ||||||||
Inc.) (Insured; ACA) | 6.45 | 8/15/20 | 1,000,000 | 997,650 | ||||
North Carolina Medical Care | ||||||||
Commission, Revenue (North | ||||||||
Carolina Housing Foundation, |
Inc.) (Insured; ACA) | 6.63 | 8/15/30 | 2,565,000 | 2,531,860 | ||||
University of North Carolina Board | ||||||||
of Governors of the University | ||||||||
of North Carolina at Chapel | ||||||||
Hill, General Revenue | 5.00 | 12/1/34 | 9,200,000 | 9,334,780 | ||||
Ohio--5.3% | ||||||||
Buckeye Tobacco Settlement | ||||||||
Financing Authority, Tobacco | ||||||||
Settlement Asset-Backed Bonds | 6.50 | 6/1/47 | 16,000,000 | 14,278,240 | ||||
Cleveland-Cuyahoga County Port | ||||||||
Authority, Senior Special | ||||||||
Assessment/Tax Increment | ||||||||
Revenue (University Heights - | ||||||||
Public Parking Garage Project) | 7.35 | 12/1/31 | 3,000,000 | 3,129,570 | ||||
Cuyahoga County, | ||||||||
Hospital Facilities Revenue | ||||||||
(UHHS/CSAHS-Cuyahoga, Inc. and | ||||||||
CSAHS/UHHS-Canton, Inc. | ||||||||
Project) | 7.50 | 1/1/30 | 7,000,000 | 7,416,220 | ||||
Hamilton County, | ||||||||
Sales Tax Refunding and | ||||||||
Improvement Bonds (Insured; | ||||||||
AMBAC) | 0.00 | 12/1/25 | 14,865,000 d | 5,912,702 | ||||
Oklahoma--1.3% | ||||||||
McGee Creek Authority, | ||||||||
Water Revenue (Insured; MBIA, | ||||||||
Inc.) | 6.00 | 1/1/13 | 6,880,000 | 7,333,117 | ||||
Oregon--.6% | ||||||||
Portland, | ||||||||
Sewer System Revenue (Insured; | ||||||||
FGIC) | 5.75 | 8/1/10 | 3,500,000 a | 3,736,985 | ||||
Pennsylvania--3.2% | ||||||||
Butler County Industrial | ||||||||
Development Authority, Health | ||||||||
Care Facilities Revenue (Saint | ||||||||
John Lutheran Care Center | ||||||||
Project) (Collateralized; GNMA) | 5.85 | 4/20/36 | 4,210,000 | 4,313,650 |
Pennsylvania Economic Development | ||||||||
Financing Authority, SWDR (USG | ||||||||
Corporation Project) | 6.00 | 6/1/31 | 5,000,000 | 4,339,300 | ||||
Pennsylvania Turnpike Commission, | ||||||||
Registration Fee Revenue | ||||||||
(Insured; FSA) | 5.25 | 7/15/28 | 9,375,000 | 10,037,719 | ||||
South Carolina--2.1% | ||||||||
Greenville County School District, | ||||||||
Installment Purchase Revenue | ||||||||
(Building Equity Sooner for | ||||||||
Tomorrow) | 5.50 | 12/1/12 | 10,900,000 a,b,c | 12,120,800 | ||||
Tennessee--2.4% | ||||||||
Johnson City Health and | ||||||||
Educational Facilities Board, | ||||||||
Hospital First Mortgage | ||||||||
Revenue (Mountain States | ||||||||
Health Alliance) | 5.50 | 7/1/31 | 7,455,000 | 6,923,682 | ||||
Memphis Center City Revenue | ||||||||
Finance Corporation, Sports | ||||||||
Facility Revenue (Memphis | ||||||||
Redbirds Baseball Foundation | ||||||||
Project) | 6.50 | 9/1/28 | 8,000,000 | 6,819,520 | ||||
Texas--8.3% | ||||||||
Alliance Airport Authority Inc., | ||||||||
Special Facilities Revenue | ||||||||
(American Airlines, Inc. | ||||||||
Project) | 5.75 | 12/1/29 | 3,000,000 | 1,355,880 | ||||
Austin Convention Enterprises | ||||||||
Inc., Convention Center Hotel | ||||||||
First Tier Revenue | 6.00 | 1/1/11 | 5,000,000 a | 5,443,250 | ||||
Brazos River Authority, | ||||||||
PCR (TXU Electric Company | ||||||||
Project) | 8.25 | 5/1/33 | 4,000,000 | 3,962,520 | ||||
Brazos River Authority, | ||||||||
PCR (TXU Energy Company LLC | ||||||||
Project) | 5.00 | 3/1/41 | 3,000,000 | 1,857,090 | ||||
Brazos River Harbor Navigation |
District, Revenue (The Dow | ||||||||
Chemical Company Project) | 4.95 | 5/15/33 | 2,600,000 | 2,212,782 | ||||
Cities of Dallas and Fort Worth, | ||||||||
Dallas/Fort Worth | ||||||||
International Airport, Joint | ||||||||
Revenue (Insured; FSA) | 5.50 | 11/1/21 | 3,000,000 | 3,007,860 | ||||
Cypress-Fairbanks Independent | ||||||||
School District, Unlimited Tax | ||||||||
Schoolhouse Bonds (Permanent | ||||||||
School Fund Guarantee Program) | 5.00 | 2/15/32 | 5,250,000 e | 5,257,140 | ||||
North Texas Tollway Authority, | ||||||||
System, First Tier Revenue | 5.63 | 1/1/33 | 5,000,000 | 4,976,700 | ||||
North Texas Tollway Authority, | ||||||||
System, First Tier Revenue | 5.75 | 1/1/40 | 11,850,000 | 11,874,885 | ||||
North Texas Tollway Authority | ||||||||
System, Second Tier Revenue | 5.75 | 1/1/38 | 5,510,000 | 5,320,401 | ||||
Texas Turnpike Authority, | ||||||||
Central Texas Turnpike System | ||||||||
Revenue (Insured; AMBAC) | 5.75 | 8/15/38 | 3,500,000 | 3,601,290 | ||||
Washington--2.2% | ||||||||
Washington Public Power Supply | ||||||||
System, Revenue (Nuclear | ||||||||
Project Number 3) (Insured; | ||||||||
MBIA, Inc.) | 7.13 | 7/1/16 | 10,425,000 | 12,719,438 | ||||
West Virginia--1.0% | ||||||||
The County Commission of Pleasants | ||||||||
County, PCR (Allegheny Energy | ||||||||
Supply Company, LLC Pleasants | ||||||||
Station Project) | 5.25 | 10/15/37 | 3,500,000 | 3,262,805 | ||||
West Virginia Hospital Finance | ||||||||
Authority, HR (Charleston Area | ||||||||
Medical Center, Inc.) | 6.00 | 9/1/10 | 2,440,000 a | 2,642,081 | ||||
Wisconsin--4.0% | ||||||||
Badger Tobacco Asset | ||||||||
Securitization Corporation, | ||||||||
Tobacco Settlement | ||||||||
Asset-Backed Bonds | 6.13 | 6/1/27 | 4,140,000 | 4,073,760 |
Badger Tobacco Asset | ||||||||
Securitization Corporation, | ||||||||
Tobacco Settlement | ||||||||
Asset-Backed Bonds | 7.00 | 6/1/28 | 13,350,000 | 13,694,163 | ||||
Wisconsin Health and Educational | ||||||||
Facilities Authority, Revenue | ||||||||
(Aurora Health Care, Inc.) | 6.40 | 4/15/33 | 5,500,000 | 5,601,035 | ||||
U.S. Related--2.9% | ||||||||
Puerto Rico Commonwealth, | ||||||||
Public Improvement (Insured; | ||||||||
MBIA, Inc.) | 5.25 | 7/1/13 | 6,000,000 | 6,200,280 | ||||
Puerto Rico Commonwealth, | ||||||||
Public Improvement (Insured; | ||||||||
MBIA, Inc.) | 5.65 | 7/1/15 | 4,000,000 | 4,399,520 | ||||
Puerto Rico Electric Power | ||||||||
Authority, Power Revenue | ||||||||
(Insured; FSA) | 5.25 | 7/1/27 | 6,100,000 | 6,292,455 | ||||
Total Long-Term Municipal Investments | ||||||||
(cost $604,883,614) | 608,195,974 | |||||||
Short-Term Municipal | Coupon | Maturity | Principal | |||||
Investments--1.1% | Rate (%) | Date | Amount ($) | Value ($) | ||||
Georgia--1.0% | ||||||||
Burke County Development | ||||||||
Authority, PCR, CP (Oglethorpe | ||||||||
Power Corporation) (Liquidity | ||||||||
Facility; Rabobank Nederland) | 10.00 | 8/5/08 | 5,500,000 | 5,500,000 | ||||
Ohio--.1% | ||||||||
Clark County, | ||||||||
Health Care Facilities Revenue | ||||||||
(The Ohio Masonic Home | ||||||||
Project) (Insured; AMBAC and | ||||||||
Liquidity Facility; Key Bank) | 8.00 | 8/7/08 | 720,000 f | 720,000 | ||||
Total Short-Term Municipal Investments | ||||||||
(cost $6,220,000) | 6,220,000 | |||||||
Total Investments (cost $611,103,614) | 105.1% | 614,415,974 | ||||||
Liabilities, Less Cash and Receivables | (5.1%) | (29,870,653) | ||||||
Net Assets | 100.0% | 584,545,321 |
a | These securities are prerefunded; the date shown represents the prerefunded date. Bonds which are prerefunded are collateralized by U.S. Government securities which are held in escrow and are used to pay principal and interest on the municipal issue and to retire the bonds in full at the earliest refunding date. |
b | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2008, these securities amounted to $73,494,928 or 12.6% of net assets. |
c | Collateral for floating rate borrowings. |
d | Security issued with a zero coupon. Income is recognized through the accretion of discount. |
e | Purchased on a delayed delivery basis. |
f | Variable rate demand note - rate shown is the interest rate in effect at July 31, 2008. Maturity date represents the next demand date, not the ultimate maturity date. |
A July 31, 2008, the aggregate cost of investment securities for income tax purposes was $611,103,614. Net unrealized appreciation on investments was $3,312,360 of which $19,208,163 related to appreciated investment securities and $15,895,803 related to depreciated investment securities
Securities valuation policies and other investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the Securities and Exchange Commission on Form N-CSR.
Summary of Abbreviations | ||||||
|
|
| ||||
ABAG | Association Of Bay Area Governments | ACA | American Capital Access | |||
AGC | ACE Guaranty Corporation | AGIC | Asset Guaranty Insurance Company | |||
AMBAC | American Municipal Bond Assurance Corporation | ARRN | Adjustable Rate Receipt Notes | |||
BAN | Bond Anticipation Notes | BIGI | Bond Investors Guaranty Insurance | |||
BPA | Bond Purchase Agreement | CGIC | Capital Guaranty Insurance Company | |||
CIC | Continental Insurance Company | CIFG | CDC Ixis Financial Guaranty | |||
CMAC | Capital Market Assurance Corporation | COP | Certificate of Participation | |||
CP | Commercial Paper | EDR | Economic Development Revenue | |||
EIR | Environmental Improvement Revenue | FGIC | Financial Guaranty Insurance Company | |||
FHA | Federal Housing Administration | FHLB | Federal Home Loan Bank | |||
FHLMC | Federal Home Loan Mortgage Corporation | FNMA | Federal National Mortgage Association |
FSA | Financial Security Assurance | GAN | Grant Anticipation Notes | |||
GIC | Guaranteed Investment Contract | GNMA | Government National Mortgage Association | |||
GO | General Obligation | HR | Hospital Revenue | |||
IDB | Industrial Development Board | IDC | Industrial Development Corporation | |||
IDR | Industrial Development Revenue | LOC | Letter of Credit | |||
LOR | Limited Obligation Revenue | LR | Lease Revenue | |||
MFHR | Multi-Family Housing Revenue | MFMR | Multi-Family Mortgage Revenue | |||
PCR | Pollution Control Revenue | PILOT | Payment in Lieu of Taxes | |||
RAC | Revenue Anticipation Certificates | RAN | Revenue Anticipation Notes | |||
RAW | Revenue Anticipation Warrants | RRR | Resources Recovery Revenue | |||
SAAN | State Aid Anticipation Notes | SBPA | Standby Bond Purchase Agreement | |||
SFHR | Single Family Housing Revenue | SFMR | Single Family Mortgage Revenue | |||
SONYMA | State of New York Mortgage Agency | SWDR | Solid Waste Disposal Revenue | |||
TAN | Tax Anticipation Notes | TAW | Tax Anticipation Warrants | |||
TRAN | Tax and Revenue Anticipation Notes | XLCA | XL Capital Assurance |
Various inputs are used in determining the value of the fund's investments relating to Financial Accounting Standard No. 157 (FAS 157), | ||||||
Fair Value Measurements. | ||||||
These inputs are summarized in the three broad levels listed below. | ||||||
Level 1 - quoted prices in active markets for identical securities. | ||||||
Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, | ||||||
credit risk, etc.) | ||||||
Level 3 - significant unobservable inputs (including fund's own assumptions in determining the fair value of investments). | ||||||
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing | ||||||
in those securities. | ||||||
The following is a summary of the inputs used as of July 31, 2008 in valuing the fund's investments carried | ||||||
at fair value: | ||||||
Valuation Inputs | Investments in Securities ($) | Other Financial Instruments* ($) | ||||
|
|
|
| |||
Level 1 - Quoted Prices | 0 | 0 | ||||
|
|
|
| |||
Level 2 - Other Significant Observable Inputs | 614,415,974 | 0 | ||||
|
|
|
| |||
Level 3 - Significant Unobservable Inputs | 0 | 0 | ||||
|
|
|
| |||
Total | 614,415,974 | 0 | ||||
|
|
|
| |||
*Other financial instruments include derivative instruments, such as futures, forward currency | ||||||
exchange contracts and swap contracts, which are valued at the unrealized appreciation (depreciation) on the instrument. |
Item 2. Controls and Procedures.
(a) The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.
(b) There were no changes to the Registrant's internal control over financial reporting that occurred during the Registrant's most recently ended fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.
Item 3. Exhibits.
(a) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.
3
FORM N-Q SIGNATURES |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
DREYFUS PREMIER MUNICIPAL BOND FUND
By: |
/s/ J. David Officer |
Date: |
September 25, 2008 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
By: |
/s/ J. David Officer |
Date: By: |
September 25, 2008 /s/ James Windels |
Date: |
September 25, 2008 |
EXHIBIT INDEX |
(a) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940. (EX-99.CERT)
4
SECTION 302 CERTIFICATION |
I, J. David Officer, certify that:
1. I have reviewed this report on Form N-Q of Dreyfus Premier Municipal Bond Fund;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting;
5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
By: | /s/ J. David Officer | |
J. David Officer | ||
President | ||
Date: | September 25, 2008 |
1
SECTION 302 CERTIFICATION |
I, James Windels, certify that:
1. I have reviewed this report on Form N-Q of Dreyfus Premier Municipal Bond Fund;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting;
5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
By: | /s/ James Windels | |
James Windels | ||
Treasurer | ||
Date: | September 25, 2008 |
2