Dreyfus Municipal Bond Opportunity Fund (the "Registrant")
Incorporated herein by reference is a revised version of the Registrant's prospectus dated August 31, 2018, As Revised October 1, 2018 filed pursuant to Rule 497(e) under the Securities Act of 1933, as amended, on October 1, 2018 (SEC Accession No. 0000797923-18-000013).
Document and Entity Information |
Total |
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Prospectus: | |
Document Type | 497 |
Document Period End Date | Nov. 23, 2018 |
Registrant Name | DREYFUS MUNICIPAL BOND OPPORTUNITY FUND |
Central Index Key | 0000797923 |
Amendment Flag | false |
Document Creation Date | Nov. 23, 2018 |
Document Effective Date | Nov. 23, 2018 |
Prospectus Date | Aug. 31, 2018 |
DREYFUS MUNICIPAL BOND OPPORTUNITY FUND | Class A | |
Prospectus: | |
Trading Symbol | PTEBX |
DREYFUS MUNICIPAL BOND OPPORTUNITY FUND | Class C | |
Prospectus: | |
Trading Symbol | DMBCX |
DREYFUS MUNICIPAL BOND OPPORTUNITY FUND | Class Z | |
Prospectus: | |
Trading Symbol | DMBZX |
DREYFUS MUNICIPAL BOND OPPORTUNITY FUND | Class Y | |
Prospectus: | |
Trading Symbol | DMBYX |
DREYFUS MUNICIPAL BOND OPPORTUNITY FUND | Class I | |
Prospectus: | |
Trading Symbol | DMBVX |
DREYFUS MUNICIPAL BOND OPPORTUNITY FUND | |||||||||||||||||||||||||||||||||||||
DREYFUS MUNICIPAL BOND OPPORTUNITY FUND | |||||||||||||||||||||||||||||||||||||
November 23, 2018 DREYFUS MUNICIPAL BOND OPPORTUNITY FUND Supplement to Current Summary Prospectus and Prospectus At a meeting held on October 29, 2018, the fund's board approved a reduction in the annual rate of management fee payable to The Dreyfus Corporation, the fund's investment adviser, from .55% to .35% of the fund's average daily net assets, effective December 31, 2018 (the "Effective Date"). Accordingly, as of the Effective Date, the following information supersedes and replaces any contrary information contained in the section of the fund's summary prospectus and prospectus entitled "Fees and Expenses": | |||||||||||||||||||||||||||||||||||||
Shareholder Fees (fees paid directly from your investment) | |||||||||||||||||||||||||||||||||||||
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Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |||||||||||||||||||||||||||||||||||||
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Example | |||||||||||||||||||||||||||||||||||||
The Example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the fund's operating expenses remain the same. The one-year example and the first year of the three-, five- and ten-year examples are based on net operating expenses, which reflect the expense limitation by The Dreyfus Corporation. Although your actual costs may be higher or lower, based on these assumptions your costs would be: | |||||||||||||||||||||||||||||||||||||
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You would pay the following expenses if you did not redeem your shares: | |||||||||||||||||||||||||||||||||||||
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Label | Element | Value | ||||
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DREYFUS MUNICIPAL BOND OPPORTUNITY FUND | ||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Supplement [Text Block] | ck0000797923_SupplementTextBlock | November 23, 2018 DREYFUS MUNICIPAL BOND OPPORTUNITY FUND Supplement to Current Summary Prospectus and Prospectus At a meeting held on October 29, 2018, the fund's board approved a reduction in the annual rate of management fee payable to The Dreyfus Corporation, the fund's investment adviser, from .55% to .35% of the fund's average daily net assets, effective December 31, 2018 (the "Effective Date"). Accordingly, as of the Effective Date, the following information supersedes and replaces any contrary information contained in the section of the fund's summary prospectus and prospectus entitled "Fees and Expenses": |
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Risk/Return [Heading] | rr_RiskReturnHeading | DREYFUS MUNICIPAL BOND OPPORTUNITY FUND | ||||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees (fees paid directly from your investment) | ||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||
Expenses Restated to Reflect Current [Text] | rr_ExpensesRestatedToReflectCurrent | Restated to reflect current management fee. | ||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Example | ||||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | The Example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the fund's operating expenses remain the same. The one-year example and the first year of the three-, five- and ten-year examples are based on net operating expenses, which reflect the expense limitation by The Dreyfus Corporation. Although your actual costs may be higher or lower, based on these assumptions your costs would be: |
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Expense Example, No Redemption, By Year, Caption [Text] | rr_ExpenseExampleNoRedemptionByYearCaption | You would pay the following expenses if you did not redeem your shares: | ||||
DREYFUS MUNICIPAL BOND OPPORTUNITY FUND | Class A | ||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | 4.50% | ||||
Maximum deferred sales charge (load) (as a percentage of lower of purchase or sale price) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | [1] | |||
Management fees | rr_ManagementFeesOverAssets | 0.35% | [2] | |||
Distribution (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||
Other expenses (including shareholder services fees) | rr_OtherExpensesOverAssets | 0.38% | ||||
Total annual fund operating expenses | rr_ExpensesOverAssets | 0.73% | ||||
Expense Breakpoint Discounts [Text] | rr_ExpenseBreakpointDiscounts | Class A shares bought without an initial sales charge as part of an investment of $1 million or more may be charged a deferred sales charge of 1.00% if redeemed within one year. | ||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | $ 521 | ||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 673 | ||||
Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 838 | ||||
Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | 1,316 | ||||
Expense Example, No Redemption, 1 Year | rr_ExpenseExampleNoRedemptionYear01 | 521 | ||||
Expense Example, No Redemption, 3 Years | rr_ExpenseExampleNoRedemptionYear03 | 673 | ||||
Expense Example, No Redemption, 5 Years | rr_ExpenseExampleNoRedemptionYear05 | 838 | ||||
Expense Example, No Redemption, 10 Years | rr_ExpenseExampleNoRedemptionYear10 | $ 1,316 | ||||
DREYFUS MUNICIPAL BOND OPPORTUNITY FUND | Class C | ||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum deferred sales charge (load) (as a percentage of lower of purchase or sale price) | rr_MaximumDeferredSalesChargeOverOfferingPrice | 1.00% | ||||
Management fees | rr_ManagementFeesOverAssets | 0.35% | [2] | |||
Distribution (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | 0.75% | ||||
Other expenses (including shareholder services fees) | rr_OtherExpensesOverAssets | 0.40% | ||||
Total annual fund operating expenses | rr_ExpensesOverAssets | 1.50% | ||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | $ 253 | ||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 474 | ||||
Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 818 | ||||
Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | 1,791 | ||||
Expense Example, No Redemption, 1 Year | rr_ExpenseExampleNoRedemptionYear01 | 153 | ||||
Expense Example, No Redemption, 3 Years | rr_ExpenseExampleNoRedemptionYear03 | 474 | ||||
Expense Example, No Redemption, 5 Years | rr_ExpenseExampleNoRedemptionYear05 | 818 | ||||
Expense Example, No Redemption, 10 Years | rr_ExpenseExampleNoRedemptionYear10 | $ 1,791 | ||||
DREYFUS MUNICIPAL BOND OPPORTUNITY FUND | Class I | ||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum deferred sales charge (load) (as a percentage of lower of purchase or sale price) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | ||||
Management fees | rr_ManagementFeesOverAssets | 0.35% | [2] | |||
Distribution (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||
Other expenses (including shareholder services fees) | rr_OtherExpensesOverAssets | 0.15% | ||||
Total annual fund operating expenses | rr_ExpensesOverAssets | 0.50% | ||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | $ 51 | ||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 160 | ||||
Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 280 | ||||
Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | 628 | ||||
Expense Example, No Redemption, 1 Year | rr_ExpenseExampleNoRedemptionYear01 | 51 | ||||
Expense Example, No Redemption, 3 Years | rr_ExpenseExampleNoRedemptionYear03 | 160 | ||||
Expense Example, No Redemption, 5 Years | rr_ExpenseExampleNoRedemptionYear05 | 280 | ||||
Expense Example, No Redemption, 10 Years | rr_ExpenseExampleNoRedemptionYear10 | $ 628 | ||||
DREYFUS MUNICIPAL BOND OPPORTUNITY FUND | Class Y | ||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum deferred sales charge (load) (as a percentage of lower of purchase or sale price) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | ||||
Management fees | rr_ManagementFeesOverAssets | 0.35% | [2] | |||
Distribution (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||
Other expenses (including shareholder services fees) | rr_OtherExpensesOverAssets | 0.15% | ||||
Total annual fund operating expenses | rr_ExpensesOverAssets | 0.50% | ||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | $ 51 | ||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 160 | ||||
Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 280 | ||||
Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | 628 | ||||
Expense Example, No Redemption, 1 Year | rr_ExpenseExampleNoRedemptionYear01 | 51 | ||||
Expense Example, No Redemption, 3 Years | rr_ExpenseExampleNoRedemptionYear03 | 160 | ||||
Expense Example, No Redemption, 5 Years | rr_ExpenseExampleNoRedemptionYear05 | 280 | ||||
Expense Example, No Redemption, 10 Years | rr_ExpenseExampleNoRedemptionYear10 | $ 628 | ||||
DREYFUS MUNICIPAL BOND OPPORTUNITY FUND | Class Z | ||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum deferred sales charge (load) (as a percentage of lower of purchase or sale price) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | ||||
Management fees | rr_ManagementFeesOverAssets | 0.35% | [2] | |||
Distribution (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||
Other expenses (including shareholder services fees) | rr_OtherExpensesOverAssets | 0.32% | ||||
Total annual fund operating expenses | rr_ExpensesOverAssets | 0.67% | ||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | $ 68 | ||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 214 | ||||
Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 373 | ||||
Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | 835 | ||||
Expense Example, No Redemption, 1 Year | rr_ExpenseExampleNoRedemptionYear01 | 68 | ||||
Expense Example, No Redemption, 3 Years | rr_ExpenseExampleNoRedemptionYear03 | 214 | ||||
Expense Example, No Redemption, 5 Years | rr_ExpenseExampleNoRedemptionYear05 | 373 | ||||
Expense Example, No Redemption, 10 Years | rr_ExpenseExampleNoRedemptionYear10 | $ 835 | ||||
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Label | Element | Value |
---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |
Prospectus Date | rr_ProspectusDate | Aug. 31, 2018 |
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