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

    Overview

    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
    $591,527,438  As of  09/13/24
    Class Assets
    $67,530,903  As of  09/13/24
    Portfolio Turnover Rate
    15.54% As of fiscal year end  05/31/24
    Morningstar Category
    Municipal California Long
    Benchmark
    Bloomberg U.S. Municipal Bond Index
    Fund Holdings
    192 As of 08/31/24
    AVERAGE EFFECTIVE MATURITY
    15.67 yr(s).  As of  08/31/24
    AVERAGE EFFECTIVE DURATION
    6.01 yr(s).  As of 08/31/24
    Yield To Worst
    4.06% As of 08/31/24

    Yields and Expense Ratio

    SUBSIDIZED
    as of 09/13/24     		UNSUBSIDIZED
    as of 09/13/24     		ANNUALIZED DISTRIBUTION RATE
    as of 08/31/24     		TAXABLE EQUIVALENT DISTRIBUTION *
    as of
    08/31/24     		PROSPECTUS FEE TABLE EXPENSE RATIO (%)
    as of 09/29/23     		CONTRACTUAL
    FEE WAIVER END DATE
    30-DAY SEC YIELD TAXABLE EQUIVALENT YIELD * 30-DAY SEC YIELD TAXABLE EQUIVALENT YIELD * Net Gross
    2.86 6.38 2.86 6.38 2.37 5.29 0.88 0.88 -

    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.

    Unsubsidized yield displays what the fund's 30-Day SEC Yield would have been had no fee waiver or expense reimbursement been in place during the period.

    The taxable-equivalent yield is the return that a taxable bond fund needs to possess for its yield to equal the yield on a comparable tax-exempt bond fund, such as a municipal bond fund.

    Tax rates are subject to change; please consult with your financial or tax professional for information concerning your specific situation.

    * Based on maximum combined federal, state and Medicare tax of 55.20%. Other taxes not included.

    Portfolio Turnover Rate - It is a measure of how quickly securities in a fund are either bought or sold by the fund's managers, over a given period of time.

    Average Effective Maturity (AEM) - is a measure of maturity that takes into account the possibility that a bond might be called back by the issuer. For a portfolio of bonds, average effective maturity is the weighted average of the maturities of the underlying bonds.

    Average Effective Duration - It is used to measure the market price sensitivity of the fund’s portfolio holdings to changes in interest-rates. Duration is not a complete measure of bond risk and may not be successful.

    Yield To Worst - The holding-weighted average rate of return for a portfolio equal to the discount rate of interest and principal cash flows where the principal is returned at the earliest allowable date. If the earliest return of principal is at the stated maturity the Yield to Maturity % will be the same as the Yield to Worst %.

    Portfolio Managers

    • Thomas Casey

      Thomas Casey

      Senior Portfolio Manager, Insight North America LLC

      Managing Fund Since 2012

      Joined Firm in 1993

      Joined Industry in 1988
    • Jeffrey Burger

      Jeffrey Burger, CFA

      Senior Portfolio Manager, Insight North America, LLC

      Managing Fund Since 2009

      Joined Firm in 2009

      Joined Industry in 2000
    Performance

    Total Returns

    Click here to see SALES CHARGE  Max Sales Charge:  4.50%  Front End Load

    Month End

    Average Annual
    As of 08/31/24
    Name 3 MO
    08/31/24     		YTD
    08/31/24     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon California AMT-Free Municipal Bond Fund, Inc.
    DCAAX
    		-1.74 -2.83 1.30 -2.76 -0.65 1.36 4.94
    Bloomberg U.S. Municipal Bond Index
    		3.27 1.30 6.09 -0.47 1.02 2.43 -

    Quarter End

    Average Annual
    As of 06/30/24
    Name 3 MO
    06/30/24     		YTD
    06/30/24     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon California AMT-Free Municipal Bond Fund, Inc.
    DCAAX
    		-4.21 -4.18 -1.04 -3.06 -0.44 1.39 4.93
    Bloomberg U.S. Municipal Bond Index
    		-0.02 -0.40 3.21 -0.88 1.16 2.39 -

    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.

      Fees & Expenses

      Prospectus Fee Table Expense Ratios

      As of  09/29/23 Fee Description Expense Ratio (%)
      Management Fee 0.45%
      Service Fee 0.25%
      Other Expenses 0.18%
      Total Expenses 0.88%
      Net Expenses 0.88%
      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

      Portfolio

      Portfolio Manager/Sub-Investment Adviser

      The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). BNYM Investment Adviser has engaged its affiliate, Insight North America LLC (INA), to serve as the fund's sub-investment adviser. 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 Insight North America LLC (INA), an affiliate of BNY Mellon Investment Adviser, Inc.
      Download Total Holdings

      Asset Allocation

          Stats & Risks

          Daily Statistics

          As of 09/13/24 Name NAV Change 09/13/24  12 Month 
          High Nav           		10/30/23  12 Month 
          Low Nav           		YTD Return
          DCAAX
          		$13.73
          $0.01
          0.07%
          		$13.73 $12.52 2.57%

          Past performance is no guarantee of future results.

          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.

          Risk Metrics

          As of  08/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DCAAX
          		7.89 -0.58 1.04 98.48 -0.60

          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.

          Distributions

          Dividend Schedule

          Declared
          Daily
          Distributed
          Monthly
          Paid
          Monthly
          Fiscal Year End
          May 31
          Month/Year Dividend ($)
          08/2024 0.030618569
          07/2024 0.028808417
          06/2024 0.025555724
          05/2024 0.030657457
          04/2024 0.026676670
          03/2024 0.027493760
          02/2024 0.025612035
          01/2024 0.026757421
          12/2023 0.029516233
          11/2023 0.028517501
          10/2023 0.030372013
          09/2023 0.026804621

          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
          12/22/22 12/23/22 12/23/22 0.0000 0.0000 0.0000 0.0000 0.0085 0.0085
          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
          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

          Literature

          PRODUCT MATERIALS

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          WHY MUNICIPALS ARE MORE THAN JUST TAX BENEFITS - BROCHURE Download
          MUNICIPAL BOND FRANCHISE PITCHBOOK Download
          BNY Mellon California AMT-Free Municipal Bond Fund, Inc. - Commentary Download

          Factsheet, Prospectus and Reports

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          Factsheet Download
          Prospectus Download
          Summary Prospectus Download
          SAI Download
          Annual Report - Class A Download
          Semi Annual Report Download
          Annual Financials and Other Information Download
          1Q Fiscal Holdings Download
          3Q Fiscal Holdings Download

          Investors should consider the investment objectives, risks, charges, and expenses of a mutual fund carefully before investing. Download a prospectus, or summary prospectus, if available, that contains this and other information about the fund, and read it carefully before investing.

          This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular investment, strategy, investment manager or account arrangement and should not serve as a primary basis for investment decisions.

          Please consult a legal, tax or investment professional in order to determine whether an investment product or service is appropriate for a particular situation.