N-Q 1 lp1-591.htm FORM N-Q lp1-591.htm - Generated by SEC Publisher for SEC Filing

 

 

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

811-05021

 

 

 

Dreyfus Premier Short-Intermediate 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)

 

 

 

 

 

Bennett A. MacDougall, 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:

 

  3/31

 

Date of reporting period:

 12/31/15

 

             

 

 

 

FORM N-Q

Item 1.                         Schedule of Investments.

 

 

STATEMENT OF INVESTMENTS       
Dreyfus Short-Intermediate Municipal Bond Fund       
December 31, 2015 (Unaudited)         
 
Long-Term Municipal  Coupon  Maturity  Principal   
Investments--93.1%  Rate (%)  Date  Amount ($)  Value ($) 
Alabama--1.1%         
Alabama Public School and College         
Authority, Capital Improvement         
Revenue  5.00  1/1/19  5,000,000  5,570,750 
Arizona--2.0%         
Arizona School Facilities Board,         
COP  5.00  9/1/20  2,500,000  2,892,875 
Phoenix Civic Improvement         
Corporation, Junior Lien         
Wastewater System Revenue  5.00  7/1/18  3,150,000  3,464,433 
Phoenix Civic Improvement         
Corporation, Transit Excise         
Tax Revenue (Light Rail         
Project)  5.00  7/1/17  3,000,000  3,189,810 
Arkansas--.2%         
Arkansas Development Finance         
Authority, HR (Washington         
Regional Medical Center)  5.00  2/1/20  1,070,000  1,192,825 
California--1.8%         
California,         
GO (Various Purpose)  5.00  12/1/19  3,105,000  3,559,789 
California State Public Works         
Board, LR (Judicial Council of         
California) (New Stockton         
Courthouse)  5.00  10/1/19  1,500,000  1,709,550 
North Natomas Community Facilities         
District Number 4, Special Tax         
Bonds  5.00  9/1/17  1,430,000  1,519,032 
University of California Regents,         
General Revenue  5.00  5/15/20  1,500,000  1,747,590 
Colorado--.9%         

 

 

City and County of Denver,         
Airport System Subordinate         
Revenue  5.00  11/15/18  1,180,000  1,298,378 
Colorado Educational and Cultural         
Facilities Authority, Revenue         
(Johnson and Wales University         
Project)  5.00  4/1/18  2,000,000  2,156,580 
Jefferson County School District         
Number R-1, GO  3.00  12/15/16  1,000,000  1,023,110 
Connecticut--1.0%         
Connecticut,         
Special Tax Obligation Revenue         
(Transportation Infrastructure         
Purposes)  4.00  9/1/18  2,750,000  2,967,222 
Connecticut,         
Special Tax Obligation Revenue         
(Transportation Infrastructure         
Purposes)  5.00  8/1/19  1,500,000  1,699,680 
District of Columbia--.3%         
District of Columbia,         
Income Tax Secured Revenue  5.00  12/1/16  1,200,000  1,249,824 
Florida--8.0%         
Broward County School Board,         
COP (Master Purchase Agreement)  5.00  7/1/16  1,500,000  1,534,890 
Citizens Property Insurance         
Corporation, Coastal Account         
Senior Secured Revenue  5.00  6/1/20  5,700,000  6,474,687 
Citizens Property Insurance         
Corporation, Personal Lines         
Account/Commercial Lines         
Account Senior Secured Revenue  5.00  6/1/19  5,000,000  5,586,850 
Florida Board of Education,         
Public Education Capital         
Outlay Bonds  5.00  6/1/18  3,425,000  3,762,534 
Florida Department of         
Transportation, Turnpike         
Revenue  5.00  7/1/17  4,365,000  4,641,174 

 

 
Florida Department of         
Transportation, Turnpike Revenue  5.00  7/1/19  3,270,000  3,700,659 
Florida Department of         
Transportation, Turnpike         
Revenue  5.00  7/1/20  1,850,000  2,148,701 
Higher Educational Facilities         
Financing Authority, Revenue         
(The University of Tampa         
Project)  4.00  4/1/16  1,250,000  1,259,600 
Lee County,         
Transportation Facilities         
Revenue (Insured; Assured         
Guaranty Municipal Corp.)  5.00  10/1/19  1,200,000  1,360,776 
Miami-Dade County,         
Aviation Revenue  4.00  10/1/17  3,725,000  3,918,327 
Miami-Dade County,         
Aviation Revenue  5.00  10/1/20  3,100,000  3,565,217 
Tampa,         
Capital Improvement Cigarette         
Tax Allocation Revenue (H. Lee         
Moffitt Cancer Center Project)  4.00  9/1/17  1,055,000  1,105,840 
Georgia--3.9%         
Atlanta,         
Water and Wastewater Revenue  5.00  11/1/16  4,950,000  5,136,763 
Main Street Natural Gas, Inc.,         
Gas Project Revenue (Guaranty         
Agreement; JPMorgan Chase Bank)  5.00  3/15/19  2,000,000  2,209,620 
Municipal Electric Authority of         
Georgia, Revenue (Project One         
Subordinated Bonds)  5.00  1/1/19  2,315,000  2,576,363 
Municipal Electric Authority of         
Georgia, Revenue (Project One         
Subordinated Bonds)  5.00  1/1/20  5,475,000  6,250,589 
Public Gas Partners, Inc.,         
Gas Project Revenue (Gas         
Supply Pool Number 1)  5.00  10/1/16  2,800,000  2,895,452 
Illinois--10.0%         

 

 

 

Chicago,         
Customer Facility Charge         
Senior Lien Revenue (Chicago         
O'Hare International Airport)  5.00  1/1/18  1,105,000  1,182,284 
Chicago,         
General Airport Senior Lien         
Revenue (Chicago O'Hare         
International Airport)  5.00  1/1/17  4,350,000  4,532,047 
Chicago,         
GO (Modern Schools Across         
Chicago Program)  5.00  12/1/21  3,555,000  3,777,330 
Chicago,         
Second Lien Water Revenue         
Project (Insured; Assured         
Guaranty Municipal Corp.)  4.25  11/1/18  1,050,000  1,111,047 
Chicago,         
Wastewater Transmission Second         
Lien Revenue  5.00  1/1/20  1,000,000  1,104,230 
Greater Chicago Metropolitan Water         
Reclamation District, GO  5.00  12/1/19  1,700,000  1,934,039 
Greater Chicago Metropolitan Water         
Reclamation District, GO  5.00  12/1/20  1,850,000  2,150,902 
Illinois,         
Sales Tax Revenue (Build         
Illinois Bonds)  5.00  6/15/17  5,570,000  5,896,848 
Illinois,         
Sales Tax Revenue (Build         
Illinois Bonds) (Insured;         
National Public Finance         
Guarantee Corp.)  5.75  6/15/18  2,930,000  3,247,817 
Illinois Finance Authority,         
Revenue (OFS Healthcare System)  5.00  11/15/20  2,405,000  2,747,785 
Illinois Finance Authority,         
Revenue (The University of         
Chicago)  5.00  10/1/20  2,590,000  3,017,946 
Illinois Finance Authority,         
Revenue (The University of         

 

 

Chicago)  5.00  10/1/20  1,200,000   1,400,688 
Illinois Finance Authority,           
Revenue (The University of           
Chicago Medical Center)  5.00  8/15/16  2,105,000   2,164,445 
Kane County Forest Preserve           
District, GO  4.00  12/15/16  6,000,000   6,187,020 
Railsplitter Tobacco Settlement           
Authority, Tobacco Settlement           
Revenue  5.00  6/1/18  5,500,000   5,958,755 
Springfield,           
Senior Lien Electric Revenue  5.00  3/1/20  2,000,000   2,262,960 
Indiana--.6%           
Richmond Hospital Authority,           
Revenue (Reid Hospital Project)  5.00  1/1/20  1,000,000   1,128,120 
Rockport,           
PCR (Indiana Michigan Power           
Company Project)  1.75  6/1/18  2,000,000   2,007,780 
Kansas--.5%           
Kansas Department of           
Transportation, Highway Revenue  0.56  9/1/19  1,180,000 a  1,171,728 
Kansas Turnpike Authority,           
Turnpike Revenue  5.00  9/1/17  1,255,000   1,342,072 
Louisiana--1.9%           
East Baton Rouge Sewerage           
Commission, Revenue  5.00  2/1/20  1,000,000   1,145,760 
Louisiana Citizens Property           
Insurance Corporation,           
Assessment Revenue  5.00  6/1/20  3,100,000   3,529,691 
Tobacco Settlement Financing           
Corporation of Louisiana,           
Tobacco Settlement           
Asset-Backed Bonds  5.00  5/15/18  4,250,000   4,622,895 
Maryland--1.2%           
Maryland,           
GO (State and Local Facilities           
Loan)  5.25  8/1/20  5,000,000   5,900,400 
Massachusetts--.1%           

 

 

Massachusetts Development Finance         
Agency, Revenue (Tufts Medical         
Center Issue)  5.00  1/1/16  650,000  650,000 
Michigan--4.7%         
Michigan,         
State Trunk Line Revenue  5.00  11/15/17  3,830,000  4,127,016 
Michigan Building Authority,         
Revenue (Facilities Program)  5.00  4/15/20  2,200,000  2,523,554 
Michigan Finance Authority,         
Local Government Loan Program         
Revenue (Detroit Water and         
Sewerage Department, Water         
Supply System Revenue Senior         
Lien Local Project Bonds)         
(Insured; Assured Guaranty         
Municipal Corp.)  5.00  7/1/20  1,000,000  1,136,340 
Michigan Finance Authority,         
Local Government Loan Program         
Revenue (School District of         
the City of Detroit State         
Qualified Unlimited Tax GO         
Local Project Bonds)  5.00  5/1/19  4,250,000  4,723,492 
Michigan Finance Authority,         
Revenue (School District of         
the City of Detroit)  5.00  6/1/17  3,000,000  3,130,200 
Michigan Finance Authority,         
Student Loan Revenue  5.00  11/1/19  1,600,000  1,763,744 
Wayne County Airport Authority,         
Airport Revenue (Detroit         
Metropolitan Wayne County         
Airport)  5.00  12/1/19  5,000,000  5,527,450 
Minnesota--1.5%         
Minnesota,         
State General Fund         
Appropriation Bonds  5.00  3/1/17  5,470,000  5,747,001 
University of Minnesota Regents,         
GO  5.00  12/1/16  1,520,000  1,583,110 

 

 

Missouri--1.7%         
Missouri Development Finance         
Board, Infrastructure         
Facilities Revenue (Branson         
Landing Project)  5.00  6/1/20  3,630,000  4,138,127 
Missouri Joint Municipal Electric         
Utility Commission, Power         
Project Revenue (Iatan 2         
Project)  4.00  1/1/19  1,500,000  1,622,940 
Missouri Joint Municipal Electric         
Utility Commission, Power         
Project Revenue (Prairie State         
Project)  5.00  12/1/19  2,335,000  2,661,270 
Nebraska--.7%         
Omaha Public Power District,         
Electric System Revenue  5.00  2/1/19  3,150,000  3,518,487 
Nevada--1.6%         
Nevada,         
Highway Revenue (Motor Vehicle         
Fuel Tax)  4.00  12/1/17  5,000,000  5,305,150 
Nevada,         
Unemployment Compensation Fund         
Special Revenue  5.00  6/1/18  2,500,000  2,700,800 
New Jersey--3.2%         
New Jersey Economic Development         
Authority, Cigarette Tax         
Revenue  5.00  6/15/17  2,000,000  2,082,620 
New Jersey Economic Development         
Authority, School Facilities         
Construction Revenue  5.00  6/15/20  1,275,000  1,389,227 
New Jersey Educational Facilities         
Authority, Higher Education         
Facilities Trust Fund Revenue  5.00  6/15/19  1,980,000  2,130,916 
New Jersey Higher Education         
Student Assistance Authority,         
Senior Student Loan Revenue  5.00  12/1/20  3,000,000  3,335,340 
New Jersey Turnpike Authority,         

 

 

Turnpike Revenue  0.56  1/1/18  2,500,000 a  2,484,775 
New Jersey Turnpike Authority,           
Turnpike Revenue  5.00  1/1/19  3,720,000   4,130,651 
New Mexico--1.5%           
Albuquerque Bernalillo County           
Water Utility Authority,           
Senior Lien Joint Water and           
Sewer System Revenue  5.00  7/1/20  1,675,000   1,953,033 
New Mexico Municipal Energy           
Acquisition Authority, Gas           
Supply Revenue  0.68  8/1/17  5,395,000 a  5,416,094 
New York--16.9%           
Long Island Power Authority,           
Electric System General Revenue  1.05  11/1/18  2,500,000 a  2,502,575 
Metropolitan Transportation           
Authority, Transportation           
Revenue  5.00  11/15/16  5,000,000   5,196,700 
Metropolitan Transportation           
Authority, Transportation           
Revenue  5.00  11/15/17  1,500,000   1,616,970 
Metropolitan Transportation           
Authority, Transportation           
Revenue  5.00  11/15/18  1,000,000   1,111,840 
Metropolitan Transportation           
Authority, Transportation           
Revenue  5.00  11/15/19  4,330,000   4,950,705 
Metropolitan Transportation           
Authority, Transportation           
Revenue  5.00  11/15/20  1,500,000   1,755,480 
Metropolitan Transportation           
Authority, Transportation           
Revenue  5.00  11/15/20  1,500,000   1,755,480 
New York City,           
GO  5.00  8/1/18  2,500,000   2,752,000 
New York City,           
GO  5.00  8/1/19  5,750,000   6,515,440 
New York City,           

 

 

GO  5.00  8/1/20  3,830,000  4,451,073 
New York City Industrial         
Development Agency, Senior         
Airport Facilities Revenue         
(Transportation Infrastructure         
Properties, LLC Obligated         
Group)  5.00  7/1/17  2,000,000  2,102,520 
New York City Transitional Finance         
Authority, Building Aid Revenue  5.00  7/15/20  1,500,000  1,736,700 
New York City Transitional Finance         
Authority, Future Tax Secured         
Subordinate Revenue (Escrowed         
to Maturity)  5.00  11/1/16  955,000  990,688 
New York City Transitional Finance         
Authority, Revenue (New York         
City Recovery)  5.00  11/1/17  3,550,000  3,819,268 
New York State Dormitory         
Authority, Revenue (State         
University of New York         
Dormitory Facilities)  5.00  7/1/18  1,750,000  1,923,320 
New York State Dormitory         
Authority, State Personal         
Income Tax Revenue (General         
Purpose)  5.00  3/15/17  5,000,000  5,259,150 
New York State Dormitory         
Authority, State Personal         
Income Tax Revenue (General         
Purpose)  5.00  2/15/19  2,500,000  2,802,725 
New York State Dormitory         
Authority, State Personal         
Income Tax Revenue (General         
Purpose)  5.00  2/15/19  3,535,000  3,963,053 
New York State Dormitory         
Authority, State Sales Tax         
Revenue  5.00  3/15/20  4,000,000  4,618,040 
New York State Thruway Authority,         
General Revenue Junior         

 

 

Indebtedness Obligations  5.00  5/1/19  3,000,000   3,370,500 
New York State Transportation           
Develpoment Corporation,           
Special Facility Revenue           
(Terminal One Group           
Association, L.P. Project)  5.00  1/1/19  5,000,000   5,516,150 
Port Authority of New York and New           
Jersey (Consolidated Bonds,           
175th Series)  5.00  12/1/17  3,000,000   3,236,640 
Port Authority of New York and New           
Jersey (Consolidated Bonds,           
185th Series)  5.00  9/1/20  3,400,000   3,912,754 
Triborough Bridge and Tunnel           
Authority, General Revenue           
(MTA Bridges and Tunnels)  4.00  11/15/17  1,500,000   1,587,855 
Triborough Bridge and Tunnel           
Authority, General Revenue           
(MTA Bridges and Tunnels)  0.51  12/3/19  5,000,000 a  4,937,450 
North Carolina--.6%           
Charlotte,           
Water and Sewer System Revenue  5.00  7/1/20  2,400,000   2,800,656 
Ohio--.9%           
Ohio,           
Common Schools GO Bonds  5.00  3/15/17  4,000,000   4,209,120 
Pennsylvania--3.4%           
Pennsylvania Economic Development           
Financing Authority,           
Unemployment Compensation           
Revenue  5.00  7/1/17  10,835,000   11,525,623 
Philadelphia,           
Gas Works Revenue  5.00  8/1/20  4,335,000   4,986,724 
Rhode Island--.5%           
Tobacco Settlement Financing           
Corporation of Rhode Island,           
Tobacco Settlement           
Asset-Backed Bonds  5.00  6/1/20  2,020,000   2,295,387 
Tennessee--1.5%           

 

 
Tennessee Energy Acquisition           
Corporation, Gas Project           
Revenue  5.25  9/1/21  2,000,000   2,333,700 
Tennessee Energy Acquisition           
Corporation, Gas Project           
Revenue (Guaranteed Agreement;           
Goldman Sachs Group, Inc.)  5.00  2/1/21  2,905,000   3,327,213 
Tennessee State School Bond           
Authority, Higher Educational           
Facilities Second Program Bonds  5.00  11/1/19  1,350,000   1,542,497 
Texas--13.4%           
Arlington Independent School           
District, Unlimited Tax School           
Building Bonds (Permanent           
School Fund Guarantee Program)  5.00  2/15/19  1,295,000   1,449,364 
Dallas and Fort Worth,           
Joint Revenue (Dallas/Fort           
Worth International Airport)  5.00  11/1/17  7,400,000   7,936,204 
Dallas and Fort Worth,           
Joint Revenue (Dallas/Fort           
Worth International Airport)  5.00  11/1/18  1,000,000   1,106,300 
Dallas Independent School           
District, Unlimited Tax Bonds           
(Permanent School Fund           
Guarantee Program)  5.00  8/15/17  1,995,000   2,132,376 
Dickinson Independent School           
District, Unlimited Tax Bonds           
(Permanent School Fund           
Guarantee Program)  5.00  2/15/20  3,260,000   3,749,652 
Harris County-Houston Sports           
Authority, Senior Lien Revenue  5.00  11/15/19  1,500,000   1,705,410 
Houston,           
Combined Utility System First           
Lien Revenue  5.00  11/15/19  1,380,000   1,575,574 
Houston,           
Combined Utility System First           
Lien Revenue  0.91  5/1/20  5,000,000 a  4,978,850 

 


 

Houston,         
Public Improvement GO  5.00  3/1/18  5,000,000  5,435,500 
Houston,         
Public Improvement GO  5.00  3/1/20  2,800,000  3,216,584 
Lake Travis Independent School         
District, Unlimited Tax School         
Building Bonds (Permanent         
School Fund Guarantee Program)  4.00  2/15/18  4,640,000  4,945,451 
Love Field Airport Modernization         
Corporation, General Airport         
Revenue  5.00  11/1/20  1,000,000  1,147,030 
Love Field Airport Modernization         
Corporation, Special         
Facilities Revenue (Southwest         
Airlines Company - Love Field         
Modernization Program Project)  5.00  11/1/16  2,340,000  2,414,061 
Lower Colorado River Authority,         
Transmission Contract Revenue         
(Lower Colorado River         
Authority Transmission         
Services Corporation Project)  4.00  5/15/20  1,000,000  1,106,830 
North Texas Tollway Authority,         
First Tier System Revenue  5.00  1/1/20  2,000,000  2,275,780 
North Texas Tollway Authority,         
Second Tier System Revenue  5.00  1/1/20  1,025,000  1,162,494 
Sam Rayburn Municipal Power         
Agency, Power Supply System         
Revenue  5.00  10/1/16  1,000,000  1,032,520 
San Antonio,         
Electric and Gas Systems         
Junior Lien Revenue  5.00  2/1/20  6,000,000  6,903,420 
San Antonio,         
Water System Junior Lien         
Revenue  5.00  5/15/19  1,000,000  1,125,660 
Tarrant Regional Water District, A         
Water Control and Improvement         
District, Water Revenue  5.00  3/1/17  1,360,000  1,428,870 

 

 

Texas,           
GO (College Student Loan Bonds)  5.00  8/1/21  4,115,000   4,844,590 
Texas Transportation Commission,           
State Highway Fund First Tier           
Revenue  5.00  10/1/20  3,000,000   3,512,280 
Utah--2.0%           
Intermountain Power Agency,           
Subordinated Power Supply           
Revenue  4.00  7/1/17  7,000,000   7,335,510 
Intermountain Power Agency,           
Subordinated Power Supply           
Revenue  5.00  7/1/19  2,000,000   2,258,260 
Virginia--1.1%           
Virginia Public School Authority,           
School Technology and Security           
Notes  5.00  4/15/18  5,000,000   5,461,600 
Washington--3.7%           
Energy Northwest,           
Electric Revenue (Columbia           
Generating Station)  5.00  7/1/18  5,000,000   5,499,100 
Port of Seattle,           
Intermediate Lien Revenue  5.00  4/1/20  3,000,000   3,413,760 
Seattle,           
Municipal Light and Power           
Improvement Revenue  5.00  6/1/17  1,950,000   2,067,351 
Tobacco Settlement Authority of           
Washington, Tobacco Settlement           
Revenue  5.00  6/1/18  3,650,000   3,961,418 
Washington,           
GO (Various Purpose)  5.00  7/1/20  2,465,000   2,862,999 
Wisconsin--.7%           
Wisconsin,           
GO  5.00  5/1/19  3,000,000   3,382,590 
Total Investments (cost $450,684,919)      93.1 %  453,508,800 
Cash and Receivables (Net)      6.9 %  33,575,374 
Net Assets      100.0 %  487,084,174 

 

 

a Variable rate security--interest rate subject to periodic change.

At December 31, 2015, net unrealized appreciation on investments was $2,823,881 of which $3,025,363 related to appreciated investment securities and $201,482 related to depreciated investment securities. At December 31, 2015, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes.

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  BPA  Bond Purchase Agreement 
CIFG  CDC Ixis Financial Guaranty  COP  Certificate of Participation 
CP  Commercial Paper  DRIVERS  Derivative Inverse Tax-Exempt Receipts 
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  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  LIFERS  Long Inverse Floating Exempt Receipts 
LOC  Letter of Credit  LOR  Limited Obligation Revenue 
LR  Lease Revenue  MERLOTS  Municipal Exempt Receipts Liquidity Option Tender 
MFHR  Multi-Family Housing Revenue  MFMR  Multi-Family Mortgage Revenue 
PCR  Pollution Control Revenue  P-FLOATS  Puttable Floating Option Tax-Exempt Receipts 
PILOT  Payment in Lieu of Taxes  PUTTERS  Puttable Tax-Exempt Receipts 
RAC  Revenue Anticipation Certificates  RAN  Revenue Anticipation Notes 
RAW  Revenue Anticipation Warrants  RIB  Residual Interest Bonds 
ROCS  Reset Option Certificates  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  SPEARS  Short Puttable Exempt Adjustable Receipts 
SWDR  Solid Waste Disposal Revenue  TAN  Tax Anticipation Notes 
TAW  Tax Anticipation Warrants  TRAN  Tax and Revenue Anticipation Notes 
XLCA  XL Capital Assurance     

 

 

The following is a summary of the inputs used as of December 31, 2015 in valuing the fund's investments:

      Level 3 -   
  Level 1 -  Level 2 - Other  Significant   
  Unadjusted Quoted  Significant  Unobservable   
Assets ($)  Prices  Observable Inputs  Inputs  Total 
Investments in Securities:         
Municipal Bonds†  -  453,508,800  -  453,508,800 

 

† See Statement of Investments for additional detailed categorizations. 

 

 

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

Portfolio valuation: The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e. the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund’s investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

Level 1—unadjusted quoted prices in active markets for identical investments.

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

Level 3—significant unobservable inputs (including the 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. Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund’s investments are as follows:

 

Investments in securities are valued each business day by an independent pricing service (the “Service”) approved by the fund's Board.

Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of the Service are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as calculated by the Service based upon its evaluation of the market for such securities). Other investments (which constitute a majority of the portfolio securities) are carried at fair value as determined by the Service, based on methods which include consideration of the following: yields or prices of municipal securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. All preceding securities are categorized as Level 2 in the hierarchy.

When market quotations or official closing prices are not readily available, or are determined not to reflect accurately fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market), but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the fund's Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized as Level 2 or 3 depending on the relevant inputs used.

For restricted securities where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Additional 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.

 

 

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.

 

 

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 Short-Intermediate Municipal Bond Fund

By:       /s/ Bradley J. Skapyak

            Bradley J. Skapyak

            President

 

Date:    February 23, 2016

 

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/ Bradley J. Skapyak

            Bradley J. Skapyak

            President

 

Date:    February 23, 2016

 

By:       /s/ James Windels

            James Windels

            Treasurer

 

Date:    February 23, 2016

 

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)