BNY Mellon California AMT-Free Municipal Bond Fund, Inc. - Class C (DCACX)
| Fund Assets | 512.45M |
| Expense Ratio | 1.66% |
| Min. Investment | $1,000 |
| Turnover | 12.39% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 1.83% |
| Dividend Growth | 9.33% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 13.63 |
| YTD Return | 1.28% |
| 1-Year Return | 3.55% |
| 5-Year Return | -3.17% |
| 52-Week Low | 12.61 |
| 52-Week High | 13.64 |
| Beta (5Y) | 0.30 |
| Holdings | 179 |
| Inception Date | Oct 21, 2004 |
About DCACX
The BNY Mellon California AMT-Free Municipal Bond Fund, Inc. - Class C is a municipal bond mutual fund that primarily aims to deliver a high level of current income exempt from both federal and California state personal income taxes, including the federal alternative minimum tax in most cases. The fund invests at least 80% of its net assets in investment-grade municipal bonds issued by entities within California, with the remainder potentially allocated to high-yield municipal bonds to enhance yield. These bonds finance a variety of public works and infrastructure projects, impacting sectors such as transportation, education, and utilities. The portfolio typically has a dollar-weighted average maturity exceeding ten years, though it is managed actively to identify undervalued sectors and securities through rigorous credit analysis. The diversification across municipalities and maturities underscores its role as a tool for tax-advantaged income and capital preservation for California residents. The fund distributes income monthly and employs a disciplined approach to risk and return, seeking to adjust holdings as market conditions and credit quality evolve.
Performance
DCACX had a total return of 3.55% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.93%.
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 Municipal Income Fund - Class A | 0.76% |
| FCTFX | Fidelity | Fidelity California Municipal Income Fund | 0.43% |
| FIJBX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class Z | 0.40% |
| FCMQX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class I | 0.53% |
| FCMTX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class M | 0.67% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.02219 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02258 | Dec 31, 2025 |
| Nov 28, 2025 | $0.01988 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02298 | Oct 31, 2025 |
| Sep 30, 2025 | $0.0205 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02296 | Aug 29, 2025 |