BNY Mellon CA AMT-Free Municipal Bond A (DCAAX)
| Fund Assets | 515.59M |
| Expense Ratio | 0.88% |
| Min. Investment | $1,000 |
| Turnover | 12.39% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 2.61% |
| Dividend Growth | 6.37% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 13.06 |
| YTD Return | -2.71% |
| 1-Year Return | -2.23% |
| 5-Year Return | -3.96% |
| 52-Week Low | 12.83 |
| 52-Week High | 13.79 |
| Beta (5Y) | n/a |
| Holdings | 185 |
| Inception Date | Oct 21, 2004 |
About DCAAX
BNY Mellon California AMT-Free Municipal Bond Fund, Inc. is an open-end mutual fund specializing in tax-exempt municipal bonds. Its primary objective is to provide investors with a high level of current income that is exempt from both federal and California state personal income taxes, making it particularly appealing to California residents seeking tax-efficient income. The fund primarily invests at least 80% of its assets in municipal bonds rated investment grade (Baa/BBB or higher), or their unrated equivalents as determined by the adviser, thereby emphasizing credit quality and capital preservation. With over 180 holdings, the portfolio is diversified across various California issuers, helping to mitigate risk associated with individual municipalities. The fund distributes income monthly and aims for stability, serving as a strategic vehicle for those looking to balance income needs with lower credit risk in the municipal bond sector. It plays a significant role in the municipal bond market by channeling investor capital to support public projects, infrastructure, and services throughout California while shielding investors from the Alternative Minimum Tax on the generated income.
Performance
DCAAX had a total return of -2.23% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.51%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FCMAX | Fidelity | Fidelity Advisor California Muni Inc A | 0.76% |
| FCTFX | Fidelity | Fidelity California Municipal Income | 0.43% |
| FIJBX | Fidelity | Fidelity Advisor California Muni Inc Z | 0.40% |
| FCMQX | Fidelity | Fidelity Advisor California Muni Inc I | 0.53% |
| FCMTX | Fidelity | Fidelity Advisor California Muni Inc M | 0.67% |
Top 10 Holdings
20.19% of assets| Name | Symbol | Weight |
|---|---|---|
| LOS ANGELES CALIF DEPT ARPTS REV 5% | n/a | 3.42% |
| PALOMAR CALIF CMNTY COLLEGE DIST 0% | n/a | 2.85% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4% | n/a | 2.20% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25% | n/a | 2.04% |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.25% | n/a | 1.75% |
| SOUTH SAN FRANCISCO CALIF UNI SCH DIST 4% | CA.SSFSCD 4 09.01.2052 | 1.71% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% | n/a | 1.63% |
| GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% | n/a | 1.61% |
| ALLAN HANCOCK CALIF JT CMNTY COLLEGE DIST 0% | n/a | 1.54% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | n/a | 1.44% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.03127 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02904 | Jun 30, 2025 |
| May 30, 2025 | $0.03227 | May 30, 2025 |
| Apr 30, 2025 | $0.02954 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02842 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02774 | Feb 28, 2025 |