BNY Mellon California AMT-Free Municipal Bond Fund, Inc.
- TICKER DCAAX
- Fund Code 6124
- CUSIP 05587E109
- SHARE CLASS
-
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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.
Morningstar Rating™ as of August 31, 2023 for the Class A class shares; other classes may have different performance characteristics. Overall rating for the Municipal California Long category. Fund ratings are out of 5 Stars: Overall 2 Stars (105 funds rated); 3 Yrs. 3 Stars (105 funds rated); 5 Yrs. 2 Stars (97 funds rated); 10 Yrs. 2 Stars (75 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.
Portfolio Managers
-
Thomas Casey
Senior Portfolio Manager, Insight North America LLC
11 yr(s). on fund
-
Jeffrey Burger, CFA
Senior Portfolio Manager, Insight North America, LLC
13 yr(s). on fund
Total Returns
Month End
Average Annual As of 08/31/23 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 08/31/23 |
YTD 08/31/23 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon California AMT-Free Municipal Bond Fund, Inc.
DCAAX |
-0.05 | 1.52 | 1.12 | -1.98 | 0.43 | 2.38 | 5.04 |
Bloomberg U.S. Municipal Bond Index
|
-0.06 | 1.59 | 1.70 | -1.32 | 1.52 | 2.81 | - |
Quarter End
Average Annual As of 06/30/23 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 06/30/23 |
YTD 06/30/23 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon California AMT-Free Municipal Bond Fund, Inc.
DCAAX |
0.09 | 2.46 | 2.77 | -1.31 | 0.68 | 2.14 | 5.08 |
Bloomberg U.S. Municipal Bond Index
|
-0.10 | 2.67 | 3.19 | -0.58 | 1.84 | 2.68 | - |
The performance data quotes represents past performance, which is no guarantee of future results. Yield, share price and investment return fluctuate and an investor's shares may be worth more or less than original cost upon redemption. Current performance may be lower or higher than the performance quoted. Click above for month-end returns.
The Bloomberg 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.
When applicable, returns reflect a contractual expense reduction, without which returns would have been lower. Please see contractual expense reduction information, if any, in the Prospectus Fee Table below.
Growth of $10,000 Investment
Past performance is no guarantee of future results.
Historical Performance
Monthly
Yearly
Investment return fluctuates and past performance is no guarantee of future results.
Prospectus Fee Table Expense Ratios
As of 12/01/22 Fee Description | Expense Ratio (%) |
---|---|
Management Fee | 0.45% |
Service Fee | 0.25% |
Other Expenses | 0.10% |
Total Expenses | 0.80% |
Sales Charge
Portfolio Manager/Sub-Investment Adviser
Asset Allocation
Daily Statistics
As of 09/22/23 Name |
30-Day Sec Yield (WITHOUT WAIVER) |
30-Day Sec Yield (WITH WAIVER) |
NAV | Change |
02/02/23 12 Month High Nav |
10/25/22 12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|---|---|
DCAAX
|
3.26% | 3.26% | $12.97 |
-$0.01
-0.08%
|
$13.62 | $12.59 | 0.05% |
Yield fluctuates and past performance is no guarantee of future results.
The SEC 30-day Yield is calculated by dividing the net investment income per share earned during the period (calculated in accordance with regulatory guidelines) by the maximum offering price per share on the last day of the period.
Main Risks
Municipal income may be subject to state and local taxes for out-of-state residents. Some income may be subject to the federal alternative minimum tax for certain investors. Capital gains, if any, are taxable.
Risk Metrics
As of 08/31/23 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
---|---|---|---|---|---|
DCAAX
|
6.55 | -0.48 | 1.05 | 98.60 | -0.56 |
All risk metrics are provided by Morningstar. The index used in the calculations are determined by Morningstar which may not be the funds primary benchmark. The index Morningstar used for this analysis is Bloomberg U.S. Municipal Bond Index.
Alpha - Alpha is a measure of a security's or portfolio's excess return.
Beta - Beta is a measure of a security’s or portfolio’s volatility, or systematic risk.
R-Squared - R-squared is a statistical measure that represents the percentage of a fund’s or security’s movements that are explained by movements in a benchmark index.
Sharpe Ratio - Sharpe ratio is a risk-adjusted measure that measures reward per unit of risk. The higher the Sharpe ratio, the better.
Standard Deviation - Standard deviation is a statistical measure of the degree to which an individual portfolio return tends to vary from the mean, based on the entire population. The greater the degree of dispersion, the greater the degree of risk. In mutual funds, the standard deviation tells us how much the return on the fund is deviating from the expected normal returns.
Dividend Schedule
As of 08/2023
Month/Year | Dividend ($) |
---|---|
08/2023 | 0.028660617 |
07/2023 | 0.028329035 |
06/2023 | 0.026832119 |
05/2023 | 0.029562094 |
04/2023 | 0.025121127 |
03/2023 | 0.027962973 |
02/2023 | 0.025633904 |
01/2023 | 0.029374240 |
12/2022 | 0.027225261 |
11/2022 | 0.026399109 |
10/2022 | 0.027201852 |
09/2022 | 0.026309068 |
Distributions History
Record Date | Ex-Dividend Date | Payable Date |
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 |
---|---|---|---|---|---|---|---|---|---|
12/22/22 | 12/23/22 | 12/23/22 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0085 | 0.0085 | 13.24 |
Record Date | Ex-Dividend Date | Payable Date |
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 |
---|---|---|---|---|---|---|---|---|---|
12/22/21 | 12/23/21 | 12/23/21 | 0.0000 | 0.0000 | 0.0018 | 0.0000 | 0.0205 | 0.0223 | - |
12/22/20 | 12/23/20 | 12/23/20 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0272 | 0.0272 | - |
12/26/19 | 12/27/19 | 12/27/19 | 0.0000 | 0.0000 | 0.0153 | 0.0000 | 0.0254 | 0.0407 | - |
12/27/18 | 12/28/18 | 12/28/18 | 0.0000 | 0.0000 | 0.0020 | 0.0000 | 0.0607 | 0.0627 | - |
12/27/17 | 12/28/17 | 12/28/17 | 0.0000 | 0.0000 | 0.0086 | 0.0000 | 0.1166 | 0.1252 | - |
12/28/16 | 12/29/16 | 12/29/16 | 0.0000 | 0.0000 | 0.0030 | 0.0000 | 0.0000 | 0.0030 | - |
12/12/12 | 12/13/12 | 12/13/12 | 0.0000 | 0.0000 | 0.0029 | 0.0000 | 0.0000 | 0.0029 | - |
12/14/06 | 12/15/06 | 12/15/06 | 0.0000 | 0.0000 | 0.0006 | 0.0000 | 0.0130 | 0.0136 | - |
12/15/05 | 12/16/05 | 12/16/05 | 0.0000 | 0.0000 | 0.0147 | 0.0000 | 0.0000 | 0.0147 | - |
12/08/04 | 12/09/04 | 12/09/04 | 0.0000 | 0.0000 | 0.0233 | 0.0000 | 0.0654 | 0.0887 | - |
Literature
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