DCABX: BNY Mellon CA AMT-Free Municipal Bond A

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DCABX BNY Mellon CA AMT-Free Municipal Bond A


Profile

DCABX - Profile

Vitals

  • YTD Return 0.7%
  • 3 Yr Annualized Return 4.1%
  • 5 Yr Annualized Return 3.0%
  • Net Assets $887 M
  • Holdings in Top 10 19.0%

52 WEEK LOW AND HIGH

$15.15
$14.51
$15.28

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.98%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 22.63%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return 2.5%
  • 5 Yr Annualized Total Return 2.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.00%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BNY MellonCalifornia AMT-Free Municipal Bond Fund
  • Fund Family Name
    BNY Mellon
  • Inception Date
    Oct 21, 2004
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that provide income exempt from federal and California state income taxes and the federal alternative minimum tax. It invests at least 80% of its assets in municipal bonds rated, at the time of purchase, investment grade (i.e., Baa/BBB or higher) or the unrated equivalent as determined by the adviser. The fund is non-diversified.


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Categories

Performance

DCABX - Performance

Return Ranking - Trailing

Period DCABX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -2.6% 3.8% 2.55%
1 Yr 6.8% -2.4% 4.9% 1.56%
3 Yr 4.1%* -0.9% 2.6% 1.14%
5 Yr 3.0%* -0.7% 2.5% 1.27%
10 Yr 4.1%* -0.1% 2.2% 1.54%

* Annualized

Return Ranking - Calendar

Period DCABX Return Category Return Low Category Return High Rank in Category (%)
2019 3.7% 2.4% 8.8% 75.00%
2018 -3.5% -6.2% 2.8% 85.87%
2017 1.6% -0.2% 6.8% 81.55%
2016 -4.0% -7.9% -1.7% 84.28%
2015 0.2% -1.9% 1.8% 46.79%

Total Return Ranking - Trailing

Period DCABX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -2.6% 3.8% 2.55%
1 Yr 2.0% -2.4% 4.9% 8.85%
3 Yr 2.5%* -0.9% 3.4% 1.70%
5 Yr 2.0%* -0.7% 3.8% 3.18%
10 Yr 3.6%* -0.1% 4.6% 3.08%

* Annualized

Total Return Ranking - Calendar

Period DCABX Return Category Return Low Category Return High Rank in Category (%)
2019 4.1% 2.4% 8.8% 48.44%
2018 -3.5% -6.2% 2.8% 87.50%
2017 1.6% -0.2% 6.9% 85.71%
2016 -4.0% -7.9% 0.8% 88.05%
2015 0.2% -1.9% 3.7% 48.72%

NAV & Total Return History


Holdings

DCABX - Holdings

Concentration Analysis

DCABX Category Low Category High DCABX % Rank
Net Assets 887 M 2.92 M 16.7 B 38.27%
Number of Holdings 210 22 4406 65.82%
Net Assets in Top 10 167 M -117 M 2.99 B 31.63%
Weighting of Top 10 18.98% 3.4% 70.5% 37.76%

Top 10 Holdings

  1. LOS ANGELES CALIF DEPT ARPTS ARPT REV 5% 2.89%
  2. LOS ANGELES CALIF DEPT ARPTS REV 5% 2.42%
  3. CALIFORNIA ST 5.25% 2.38%
  4. PALOMAR CALIF CMNTY COLLEGE DIST 0% 1.90%
  5. CALIFORNIA ST 5.5% 1.84%
  6. CALIFORNIA ST 5.25% 1.71%
  7. ABAG FIN AUTH FOR NONPROFIT CORPS CALIF REV 5% 1.68%
  8. CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5% 1.39%
  9. SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% 1.38%
  10. CALIFORNIA ST 5% 1.37%

Asset Allocation

Weighting Return Low Return High DCABX % Rank
Bonds
100.00% 90.79% 139.32% 20.92%
Stocks
0.00% 0.00% 0.10% 15.82%
Preferred Stocks
0.00% 0.00% 0.00% 13.78%
Other
0.00% -0.99% 1.09% 23.47%
Convertible Bonds
0.00% 0.00% 0.00% 13.78%
Cash
0.00% -39.32% 9.21% 70.41%

Bond Sector Breakdown

Weighting Return Low Return High DCABX % Rank
Municipal
100.00% 47.00% 101.06% 6.12%
Derivative
0.00% 0.00% 0.00% 13.78%
Cash & Equivalents
0.00% -0.27% 9.21% 79.08%
Securitized
0.00% 0.00% 0.00% 13.78%
Corporate
0.00% 0.00% 2.60% 24.49%
Government
0.00% -0.79% 48.67% 17.86%

Bond Geographic Breakdown

Weighting Return Low Return High DCABX % Rank
US
99.24% 86.58% 135.97% 29.08%
Non US
0.76% 0.00% 8.99% 61.22%

Expenses

DCABX - Expenses

Operational Fees

DCABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.98% 0.09% 3.74% 36.60%
Management Fee 0.60% 0.00% 0.65% 94.90%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.33% N/A

Sales Fees

DCABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 2.25% 4.75% 6.98%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DCABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DCABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 22.63% 2.00% 235.00% 48.21%

Distributions

DCABX - Distributions

Dividend Yield Analysis

DCABX Category Low Category High DCABX % Rank
Dividend Yield 0.00% 0.00% 0.64% 40.31%

Dividend Distribution Analysis

DCABX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

DCABX Category Low Category High DCABX % Rank
Net Income Ratio 3.00% 0.73% 5.75% 46.91%

Capital Gain Distribution Analysis

DCABX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

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Fund Manager Analysis

DCABX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 31.52 9.23 7.34