Historical Prices

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BNY Mellon California AMT-Free Municipal Bond Fund, Inc.

Why invest in this Fund?

The fund seeks as high a level of current income, exempt from federal and California state income taxes, as is consistent with the preservation of capital.

To pursue its goal, 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 and California state income taxes. The fund also seeks to provide income exempt from the federal alternative minimum tax. Municipal bonds are debt securities or other obligations issued by states, territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies and instrumentalities, or multistate agencies and authorities, and certain other specified securities.

Min. class investment
$1,000
Class Inception Date
10/21/04
Fund Assets
$860,520,623  As of  11/25/20
Class Assets
$86,185,805  As of  11/25/20
Portfolio Turnover Rate
17.89%  As of fiscal year end  05/31/20
Morningstar Category
Municipal California Intermediate
Benchmark
Bloomberg Barclays U.S. Municipal Bond Index
Morningstar Overall Rating
Fund Holdings
221  As of  10/31/20
Average Effective Maturity
17.07  yr(s).  As of  10/31/20
Average Effective Duration
5.50  yr(s).  As of  10/31/20

Morningstar Rating™ as of October 31, 2020 for the Class A class shares; other classes may have different performance characteristics. Overall rating for the Municipal California Intermediate category. Fund ratings are out of 5 Stars: Overall 4 Stars (64 funds rated); 3 Yrs. 4 Stars (64 funds rated); 5 Yrs. 4 Stars (56 funds rated); 10 Yrs. 4 Stars (49 funds rated). The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance (not including the effects of sales charges, loads and redemption fees if applicable), placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. ©2018 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.

Portfolio Managers

  • Casey, Thomas

    Thomas Casey

    Portfolio Manager, Mellon Investments Corporation

    8 yr(s). on fund

  • Burger, Jeffrey

    Jeffrey Burger

    Senior Portfolio Manager, Mellon Investments Corporation

    11 yr(s). on fund


Click here to see SALES CHARGE  Max Sales Charge:  4.50% Front End Load
As of  10/31/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon California AMT-Free Municipal Bond Fund, Inc.
DCAAX
1.96 2.93 2.81 3.59 5.59 10/21/04
Bloomberg Barclays U.S. Municipal Bond Index
3.59 4.09 3.70 3.99 - -
As of  09/30/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon California AMT-Free Municipal Bond Fund, Inc.
DCAAX
2.13 2.98 2.94 3.57 5.61 10/21/04
Bloomberg Barclays U.S. Municipal Bond Index
4.09 4.28 3.84 3.99 - -
Click here to see SALES CHARGE  Max Sales Charge:  4.50% Front End Load
As of  10/31/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon California AMT-Free Municipal Bond Fund, Inc.
DCAAX
1.96 9.06 14.87 42.30 659.85 10/21/04
Bloomberg Barclays U.S. Municipal Bond Index
3.59 12.77 19.92 47.91 - -
As of  09/30/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon California AMT-Free Municipal Bond Fund, Inc.
DCAAX
2.13 9.22 15.57 42.01 660.96 10/21/04
Bloomberg Barclays U.S. Municipal Bond Index
4.09 13.39 20.76 47.94 - -
The Bloomberg Barclays U.S. Municipal Bond Index covers the U.S. dollar-denominated long-term tax-exempt bond market. Investors cannot invest directly in any index.

The total return performance figures presented for Class A shares of the fund represent the performance of the fund's Class Z for periods prior to October 21, 2004, the inception date for Class A shares, and the performance of Class A, respectively, from that inception date. Performance reflects the applicable class' distribution/servicing fees since the inception date. Had these fees and expenses been reflected for periods prior, performance would have been different. Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

Growth of $10,000 Investment

Historical Performance

    These figures do not reflect the maximum sales charge which, if included, would reduce return.

    Fund 10/20 09/20 08/20 07/20 06/20 05/20 04/20 03/20 02/20 01/20 12/19 11/19
    DCAAX
    2.19% 2.20% 2.24% 2.27% 2.24% 2.53% 2.57% 2.45% 2.40% 2.41% 2.41% 2.45%

    Yield fluctuates and past performance is no guarantee of future results.

    Monthly yield history is the annualized distribution rate that is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.

    Fund 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
    DCAAX
    6.82% -0.04% 5.62% -0.94% 3.59% 11.33% -4.33% 8.12% 11.57% 0.62%

    Investment return fluctuates and past performance is no guarantee of future results.

    Taxable Equivalent Yield Based on the Fund's 30-day SEC Yield

    30-Day SEC Yield With Waiver: 0.73%

    Combined Effective Federal and State Income Tax Rate

     

    As of  11/25/20
    Name 45.72% 48.66% 49.23% 49.80% 50.36%
    Joint Return - $466,951 to $526,444 $526,445 to $631,732 $631,733 to $1,052,886 Over $1,052,887
    Single Return $413,351 to $415,050 - - $415,051 to $526,443 Over $526,444
    BNY Mellon California AMT-Free Municipal Bond Fund, Inc.
    DCAAX
    1.34% 1.42% 1.44% 1.45% 1.47%

    Composite effective Federal and State tax bracket for California residents after Federal benefits. Income is subject to State and local taxes for non-California residents. Some income may be subject to the Federal Alternative Minimum Tax. Capital gains, if any, are taxable.

    30-Day SEC Yield Without Waiver: 0.73%

    Combined Effective Federal and State Income Tax Rate

     

    As of  11/25/20
    Name 45.72% 48.66% 49.23% 49.80% 50.36%
    Joint Return - $466,951 to $526,444 $526,445 to $631,732 $631,733 to $1,052,886 Over $1,052,887
    Single Return $413,351 to $415,050 - - $415,051 to $526,443 Over $526,444
    BNY Mellon California AMT-Free Municipal Bond Fund, Inc.
    DCAAX
    1.34% 1.42% 1.44% 1.45% 1.47%

    Composite effective Federal and State tax bracket for California residents after Federal benefits. Income is subject to State and local taxes for non-California residents. Some income may be subject to the Federal Alternative Minimum Tax. Capital gains, if any, are taxable.

    Restated yields do not reflect current undertaking in effect, which may be modified, extended, or terminated at any time.


    Prospectus Fee Table Expense Ratios

    As of  09/16/20 Fee Description Expense Ratio (%)
    Management Fee 0.60%
    Service Fee 0.25%
    Other Expenses 0.14%
    Total Expenses 0.99%
    Total Expenses is the total annual operating expense ratio for the fund, before any fee waivers or expense reimbursements. Net Expenses is the total annual operating expense ratio for the fund, after any applicable fee waivers or expense reimbursements. The Total Expenses, or Net Expenses (if including fee waivers or expense reimbursements) is the actual fund expense ratio applicable to investors.

    Sales Charge

    Investment Amount Sales Charge
    Less than $50,000 4.50%
    Less than $100,000 4.00%
    Less than $250,000 3.00%
    Less than $500,000 2.50%
    Less than $1,000,000 2.00%
    Over $1,000,000 0.00%
    There is a 1% CDSC for purchases of $1,000,000 and over if redeemed within one year of purchase.

    Portfolio Manager/Sub-Investment Advisor

    The fund's investment adviser is BNY Mellon Investment Adviser, Inc. The fund's primary portfolio managers are Jeffrey Burger, CFA and Thomas Casey, positions they have held since December 2009 and February 2012, respectively. Messrs. Burger and Casey are senior portfolio managers for tax-sensitive strategies at Mellon Investments Corporation (Mellon), an affiliate of BNY Mellon Investment Adviser, Inc. Mellon investment professionals manage the fund in their capacity as employees of BNY Mellon Investment Adviser, Inc.

    Asset Allocation


        Daily Statistics

        As of  11/25/20 Name 30-Day Sec Yield 
        (WITHOUT WAIVER)
        30-Day Sec Yield 
        (WITH WAIVER)
        NAV Change 03/09/20  12 Month 
        High Nav
        03/20/20  12 Month 
        Low Nav
        YTD Return
        DCAAX
        0.73% 0.73% $15.19
        $0.00
        0.00%
        $15.48 $13.74 3.18%

        Performance Metrics

        Overall Morningstar Rating


        MORNINGSTAR CATEGORY Municipal California Intermediate


        Morningstar Rating™ as of 10/31/20 for the Class A shares; other classes may have different performance characteristics. Overall rating for the Municipal California Intermediate. Fund ratings are out of 5 Stars: Overall 4 Stars (169 funds rated); 3 Yrs. 4 Stars (64 funds rated); 5 Yrs. 4 Stars (56 funds rated); 10 Yrs. 4 Stars (49 funds rated).
        The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance (not including the effects of sales charges, loads and redemption fees if applicable), placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. © Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.

        Lipper Rankings

        • 1 Year
          73 out of 122
        • 3 Year
          95 out of 113
        • 5 Year
          83 out of 97
        • 10 Year
          64 out of 79

        LIPPER CLASSIFICATION California Municipal Debt Funds


        Lipper Category returns and rankings are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns. Rankings do not reflect sales loads

        Main Risks

        Bonds are subject to interest rate, credit, liquidity, call and market risks, to varying degrees. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines.
        Municipal income may be subject to state and local taxes for out-of-state residents. Some income may be subject to the federal alternative minimum tax for certain investors. Capital gains, if any, are taxable.
        Recent market risks include pandemic risks related to COVID-19. The effects of COVID-19 have contributed to increased volatility in global markets and will likely affect certain countries, companies, industries and market sectors more dramatically than others. To the extent the fund may overweight its investments in certain countries, companies, industries or market sectors, such positions will increase the fund's exposure to risk of loss from adverse developments affecting those countries, companies, industries or sectors.

        Risk Metrics

        As of  10/31/20, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DCAAX
        4.46 -1.34 1.10 96.84 0.32

        Dividend Schedule

        Declared
        Daily
        Distributed
        Monthly
        Paid
        Monthly
        Fiscal Year End
        May 31
        Annualized Distribution Rate
        2.19%
        As of  10/2020
        Annualized distribution rate is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.
        Month/Year Dividend ($)
        10/2020 0.028216015
        09/2020 0.028385852
        08/2020 0.030037886
        07/2020 0.030666744
        06/2020 0.030733231
        05/2020 0.031200304
        04/2020 0.031895399
        03/2020 0.033081287
        02/2020 0.029854415
        01/2020 0.032692777
        12/2019 0.033426602
        11/2019 0.030768533
        All figures as of month-end. Dividend history does not reflect any capital gains that may have been paid.

        Distributions History

        (Values Listed In $) Ordinary 
        Non-Qualified 
        Dividends
        Qualified 
        Dividends
        Non-Qualified 
        Short-Term 
        Capital Gain
        Qualified 
        Short-Term 
        Capital Gain
        Long-Term 
        Capital Gain
        Total 
        Distribution
        Reinvest 
        NAV
        DCAAX
        0.0000 0.0000 0.0153 0.0000 0.0254 0.0407 15.05
        Record Date Ex-Dividend Date Payable Date
        DCAAX
        12/26/19 12/27/19 12/27/19
        (Values Listed In $) Distribution Status Ordinary 
        Non-Qualified 
        Dividends
        Qualified 
        Dividends
        Non-Qualified 
        Short-Term 
        Capital Gain
        Qualified 
        Short-Term 
        Capital Gain
        Long-Term 
        Capital Gain
        Total 
        Distribution
        Reinvest 
        NAV
        DCAAX
        Estimated 0.0000 0.0000 0.0000 0.0000 0.0266 0.0266 -
        Record Date Ex-Dividend Date Payable Date
        DCAAX
        12/22/20 12/23/20 12/23/20