BNY Mellon CA AMT-Free Municipal Bond C (DCACX)
| Fund Assets | 515.59M |
| Expense Ratio | 1.66% |
| Min. Investment | $1,000 |
| Turnover | 12.39% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 1.91% |
| Dividend Growth | 8.94% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 13.06 |
| YTD Return | -2.89% |
| 1-Year Return | -2.65% |
| 5-Year Return | -6.79% |
| 52-Week Low | 12.82 |
| 52-Week High | 13.79 |
| Beta (5Y) | 0.27 |
| Holdings | 185 |
| 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 -2.65% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.79%.
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 | $0.0221 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02057 | Jun 30, 2025 |
| May 30, 2025 | $0.02315 | May 30, 2025 |
| Apr 30, 2025 | $0.0211 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0201 | Mar 31, 2025 |
| Feb 28, 2025 | $0.01966 | Feb 28, 2025 |