BNY Mellon CA AMT-Free Municipal Bond I (DCMIX)
| Fund Assets | 515.59M |
| Expense Ratio | 0.65% |
| Min. Investment | $1,000 |
| Turnover | 12.39% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 2.98% |
| Dividend Growth | 5.90% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 13.05 |
| YTD Return | -2.33% |
| 1-Year Return | -1.75% |
| 5-Year Return | -2.71% |
| 52-Week Low | 12.82 |
| 52-Week High | 13.78 |
| Beta (5Y) | n/a |
| Holdings | 185 |
| Inception Date | Dec 15, 2008 |
About DCMIX
BNY Mellon California AMT-Free Municipal Bond Fund, Inc. Class I is a fixed income mutual fund that primarily aims to provide investors with a high level of current income exempt from both federal and California state personal income taxes. The fund principally invests at least 80% of its assets in investment-grade municipal bonds issued within California, with the added benefit that its structure seeks to minimize exposure to the federal Alternative Minimum Tax (AMT). This focus makes it particularly relevant for California-based investors seeking tax-advantaged income while prioritizing capital preservation. The fund distributes income monthly and typically holds a diversified portfolio across various local sectors and municipalities. With an expense ratio around 0.65% and a relatively low minimum investment, it offers access to a specialized segment of the municipal bond market. Its role in the financial market is to provide targeted, tax-efficient income solutions for residents of California, while supporting state and local infrastructure financing through its bond investments.
Performance
DCMIX had a total return of -1.75% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.54%.
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 | $0.03392 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03148 | Jun 30, 2025 |
| May 30, 2025 | $0.03497 | May 30, 2025 |
| Apr 30, 2025 | $0.03209 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03096 | Mar 31, 2025 |
| Feb 28, 2025 | $0.03018 | Feb 28, 2025 |