BNY MellonCalifornia AMT-Free Municipal Bond Fund (DRCAX)
| Fund Assets | 515.59M |
| Expense Ratio | 0.67% |
| Min. Investment | $1,000 |
| Turnover | 12.39% |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 2.94% |
| Dividend Growth | 5.73% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 13.06 |
| YTD Return | -2.42% |
| 1-Year Return | -1.60% |
| 5-Year Return | -2.69% |
| 52-Week Low | 12.83 |
| 52-Week High | 13.79 |
| Beta (5Y) | n/a |
| Holdings | 185 |
| Inception Date | Jul 26, 1983 |
About DRCAX
BNY Mellon California AMT-Free Municipal Bond Fund, Inc. - Class Z is an open-end mutual fund that focuses on providing investors with a high level of current income exempt from both federal and California state income taxes. The fund primarily invests in municipal bonds issued by a diverse range of California entities, with a particular emphasis on securities that are not subject to the federal alternative minimum tax (AMT). Its portfolio is tailored for those seeking tax-advantaged income, especially residents of California. Managed by the Dreyfus fund family since its inception in 1994, the fund is notable for its substantial asset base and a disciplined approach to credit quality, typically reflecting lower credit risk relative to peers. It distributes income monthly and aims to maintain a moderate yield while adhering to stringent risk management standards. The fund’s significant role in the municipal bond market lies in its capacity to direct capital toward California’s public infrastructure and community development projects, thereby supporting vital state and local initiatives.
Performance
DRCAX had a total return of -1.60% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.66%.
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 | $0.03353 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03112 | Jun 30, 2025 |
| May 30, 2025 | $0.03464 | May 30, 2025 |
| Apr 30, 2025 | $0.03172 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03063 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02978 | Feb 28, 2025 |