BNY Mellon CA AMT-Free Municipal Bond Y (DCAYX)
| Fund Assets | 515.59M |
| Expense Ratio | 0.65% |
| Min. Investment | $1,000,000 |
| Turnover | 12.39% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 3.05% |
| Dividend Growth | 6.36% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 13.05 |
| YTD Return | -2.85% |
| 1-Year Return | -2.47% |
| 5-Year Return | -3.78% |
| 52-Week Low | 12.82 |
| 52-Week High | 13.78 |
| Beta (5Y) | n/a |
| Holdings | 185 |
| Inception Date | Jul 1, 2013 |
About DCAYX
The BNY Mellon California AMT-Free Municipal Bond Fund, Inc. is a mutual fund specializing in long-duration municipal debt issued within California. Its primary function is to generate a high level of current income that is exempt from both federal and California state personal income taxes, appealing in particular to California residents seeking tax-advantaged income. The fund predominantly invests in a diversified portfolio of municipal bonds, with typically more than 80% of assets allocated to California municipal debt instruments, and maintains over 180 individual holdings to manage sector and issuer risk. The portfolio focuses on high-credit quality bonds and is structured for preservation of capital while providing monthly income distributions. This fund plays a significant role in the municipal bond market by helping support infrastructure, educational, and community development projects throughout California, and it caters to institutional and high-net-worth investors due to its high minimum investment requirement. Its returns and risk profile are generally aligned with the broader California municipal bond market, and its tax advantages make it especially relevant for those seeking to optimize after-tax income within the state.
Performance
DCAYX had a total return of -2.47% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.12%.
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 | $0.03437 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03203 | Jun 30, 2025 |
| May 30, 2025 | $0.03547 | May 30, 2025 |
| Apr 30, 2025 | $0.03278 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03182 | Mar 31, 2025 |
| Feb 28, 2025 | $0.03235 | Feb 28, 2025 |