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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.
Morningstar Rating™ as of October 31, 2019 for the Class I 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 5 Stars (59 funds rated); 3 Yrs. 5 Stars (59 funds rated); 5 Yrs. 5 Stars (52 funds rated); 10 Yrs. 4 Stars (44 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 Manager, Mellon Investments Corporation
7 yr(s). on fund
Senior Portfolio Manager, Mellon Investments Corporation
10 yr(s). on fund
As of 11/30/19 Name | 1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception | Inception Date |
---|---|---|---|---|---|---|
BNY Mellon California AMT-Free Municipal Bond Fund, Inc.
DCMIX | 7.75 | 4.64 | 3.29 | 4.40 | 5.79 | 12/15/08 |
As of 09/30/19 Name | 1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception | Inception Date |
---|---|---|---|---|---|---|
BNY Mellon California AMT-Free Municipal Bond Fund, Inc.
DCMIX | 7.19 | 2.55 | 3.45 | 4.17 | 5.81 | 12/15/08 |
Bloomberg Barclays U.S. Municipal Bond Index
| 8.55 | 3.19 | 3.66 | 4.16 | - | - |
As of 11/30/19 Name | 1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception | Inception Date |
---|---|---|---|---|---|---|
BNY Mellon California AMT-Free Municipal Bond Fund, Inc. DCMIX |
7.75 | 14.56 | 17.56 | 53.74 | 673.52 | 12/15/08 |
As of 09/30/19 Name | 1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception | Inception Date |
---|---|---|---|---|---|---|
BNY Mellon California AMT-Free Municipal Bond Fund, Inc.
DCMIX | 7.19 | 7.85 | 18.48 | 50.42 | 672.51 | 12/15/08 |
Bloomberg Barclays U.S. Municipal Bond Index |
8.55 | 9.88 | 19.68 | 50.38 | - | - |
The total return performance figures presented for Class I shares of the fund represent the performance of the fund's Class Z for periods prior to December 15, 2008, the inception date for Class I shares, and the performance of Class I, 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.
Fund | 11/19 | 10/19 | 09/19 | 08/19 | 07/19 | 06/19 | 05/19 | 04/19 | 03/19 | 02/19 | 01/19 | 12/18 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
DCMIX
|
2.81% | 2.82% | 2.78% | 2.86% | 2.91% | 2.92% | 3.10% | 3.12% | 3.30% | 3.31% | 3.36% | 3.34% |
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 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
---|---|---|---|---|---|---|---|---|---|---|
DCMIX
|
0.21% | 5.89% | -0.70% | 3.84% | 11.54% | -4.02% | 8.40% | 11.77% | 0.92% | 13.70% |
Investment return fluctuates and past performance is no guarantee of future results.
30-Day Yield: 1.37%
Combined Effective Federal and State Income Tax Rate
As of 12/05/19 | |||||
---|---|---|---|---|---|
Name | 45.10% | 45.72% | 46.90% | 47.49% | 48.08% |
Joint Return | $572,985 to $612,350 | - | $612,351 to $687,576 | $687,577 to $1,145,960 | Over $1,145,961 |
Single Return | $286,493 to $343,788 | $343,789 to $510,300 | - | $510,301 to $572,980 | Over $572,981 |
BNY Mellon California AMT-Free Municipal Bond Fund, Inc.
DCMIX |
2.50% | 2.52% | 2.58% | 2.61% | 2.64% |
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 Yield Restated: 1.37%
Combined Effective Federal and State Income Tax Rate
As of 12/05/19 | |||||
---|---|---|---|---|---|
Name | 45.10% | 45.72% | 46.90% | 47.49% | 48.08% |
Joint Return | $572,985 to $612,350 | - | $612,351 to $687,576 | $687,577 to $1,145,960 | Over $1,145,961 |
Single Return | $286,493 to $343,788 | $343,789 to $510,300 | - | $510,301 to $572,980 | Over $572,981 |
BNY Mellon California AMT-Free Municipal Bond Fund, Inc.
DCMIX |
2.50% | 2.52% | 2.58% | 2.61% | 2.64% |
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.
As of 09/30/19 Fee Description | Expense Ratio (%) |
---|---|
Management Fee | 0.60% |
Other Expenses | 0.13% |
Total Expenses | 0.73% |
As of 12/05/19 Name | 30-Day Sec Yield (Unsubsidized) |
30-Day Sec Yield (Subsidized) |
NAV | Change | 08/28/19
12 Month High Nav |
01/23/19
12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|---|---|
DCMIX
|
1.37% | 1.37% | $15.08 |
$0.00
0.00%
|
$15.28 | $14.51 | 6.88% |
Morningstar Rating™ as of 10/31/19 for the Class I shares; other classes may have different performance characteristics. Overall rating for the Municipal California Intermediate.
Fund ratings are out of 5 Stars: Overall 5 Stars (155 funds rated); 3 Yrs. 5 Stars (59
funds rated); 5 Yrs. 5 Stars (52 funds rated); 10 Yrs. 4 Stars (44 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.
As of 10/31/19, 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
---|---|---|---|---|---|
DCMIX
|
3.76 | -0.72 | 1.07 | 96.29 | 0.37 |
Month/Year | Dividend ($) |
---|---|
11/2019 | 0.033667055 |
10/2019 | 0.036160532 |
09/2019 | 0.035734679 |
08/2019 | 0.035874394 |
07/2019 | 0.039560296 |
06/2019 | 0.033535686 |
05/2019 | 0.039283142 |
04/2019 | 0.040298692 |
03/2019 | 0.038603387 |
02/2019 | 0.037000471 |
01/2019 | 0.041487586 |
12/2018 | 0.041328421 |
(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 |
---|---|---|---|---|---|---|---|
DCMIX
|
0.0000 | 0.0000 | 0.0020 | 0.0000 | 0.0607 | 0.0627 | 14.51 |
Record Date | Ex-Dividend Date | Payable Date | |
---|---|---|---|
DCMIX
|
12/27/18 | 12/28/18 | 12/28/18 |
(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 |
---|---|---|---|---|---|---|---|---|
DCMIX
| Estimated | 0.0000 | 0.0000 | 0.0153 | 0.0000 | 0.0254 | 0.0407 | - |
Record Date | Ex-Dividend Date | Payable Date | |
---|---|---|---|
DCMIX
|
12/26/19 | 12/27/19 | 12/27/19 |