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 February 28, 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 (103 funds rated); 3 Yrs. 3 Stars (103 funds rated); 5 Yrs. 2 Stars (96 funds rated); 10 Yrs. 2 Stars (73 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 02/28/23 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 02/28/23 |
YTD 02/28/23 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon California AMT-Free Municipal Bond Fund, Inc.
DCAAX |
0.46 | 0.49 | -6.72 | -2.76 | 0.56 | 1.47 | 5.08 |
Bloomberg U.S. Municipal Bond Index
|
0.83 | 0.55 | -5.10 | -1.60 | 1.66 | 2.11 | - |
Quarter End
Average Annual As of 12/31/22 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 12/31/22 |
YTD 12/31/22 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon California AMT-Free Municipal Bond Fund, Inc.
DCAAX |
3.84 | -10.61 | -10.61 | -1.88 | 0.17 | 1.53 | 5.09 |
Bloomberg U.S. Municipal Bond Index
|
4.10 | -8.53 | -8.53 | -0.77 | 1.25 | 2.13 | - |
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.
Growth of $10,000 Investment
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 03/24/23 Name |
30-Day Sec Yield (WITHOUT WAIVER) |
30-Day Sec Yield (WITH WAIVER) |
NAV | Change |
04/04/22 12 Month High Nav |
10/25/22 12 Month Low Nav |
YTD Return |
---|---|---|---|---|---|---|---|
DCAAX
|
3.15% | 3.15% | $13.41 |
$0.05
0.37%
|
$14.04 | $12.59 | 2.18% |
Main Risks
Municipal income may be subject to state and local taxes for out-of-state residents. Some income may be subject to the federal alternative minimum tax for certain investors. Capital gains, if any, are taxable.
Recent market risks include pandemic risks related to COVID-19. The effects of COVID-19 have contributed to increased volatility in global markets and will likely affect certain countries, companies, industries and market sectors more dramatically than others. To the extent the fund may overweight its investments in certain countries, companies, industries or market sectors, such positions will increase the fund's exposure to risk of loss from adverse developments affecting those countries, companies, industries or sectors.
Risk Metrics
As of 02/28/23 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
---|---|---|---|---|---|
DCAAX
|
7.33 | -0.92 | 1.09 | 98.69 | -0.49 |
All risk metrics are provided by Morningstar. The index used in the calculations are determined by Morningstar which may not be the funds primary benchmark. The index Morningstar used for this analysis is Bloomberg U.S. Municipal Bond Index.
Dividend Schedule
As of 02/2023
Month/Year | Dividend ($) |
---|---|
02/2023 | 0.025633904 |
01/2023 | 0.029374240 |
12/2022 | 0.027225261 |
11/2022 | 0.026399109 |
10/2022 | 0.027201852 |
09/2022 | 0.026309068 |
08/2022 | 0.027907022 |
07/2022 | 0.024902229 |
06/2022 | 0.026847730 |
05/2022 | 0.028695959 |
04/2022 | 0.026573018 |
03/2022 | 0.027765282 |
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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