DCMIX: Dreyfus CA AMT-Free Municipal Bond I

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DCMIX Dreyfus CA AMT-Free Municipal Bond I


Profile

DCMIX - Profile

Vitals

  • YTD Return -0.1%
  • 3 Yr Annualized Return -0.4%
  • 5 Yr Annualized Return -0.3%
  • Net Assets $860 M
  • Holdings in Top 10 17.1%

52 WEEK LOW AND HIGH

$15.03
$13.74
$15.48

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.75%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 17.89%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return -0.2%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.86%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BNY MellonCalifornia AMT-Free Municipal Bond Fund
  • Fund Family Name
    Dreyfus
  • Inception Date
    Dec 15, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jeffrey Burger

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

DCMIX - Performance

Return Ranking - Trailing

Period DCMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -3.0% 303.2% 64.97%
1 Yr -0.7% -3.4% 297.6% 67.61%
3 Yr -0.4%* -0.9% 58.8% 94.48%
5 Yr -0.3%* -0.7% 31.6% 92.75%
10 Yr 0.1%* -0.3% 15.0% 89.29%

* Annualized

Return Ranking - Calendar

Period DCMIX Return Category Return Low Category Return High Rank in Category (%)
2019 3.7% 2.4% 7.5% 71.68%
2018 -3.5% -4.3% 2.8% 94.55%
2017 1.6% -0.2% 6.8% 80.54%
2016 -4.0% -4.7% -1.7% 92.14%
2015 0.2% -1.9% 1.8% 45.99%

Total Return Ranking - Trailing

Period DCMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -3.0% 303.2% 64.97%
1 Yr -0.7% -3.4% 297.6% 67.61%
3 Yr -0.2%* -0.9% 59.1% 92.64%
5 Yr -0.1%* -0.7% 31.9% 89.13%
10 Yr 0.2%* -0.3% 15.5% 85.71%

* Annualized

Total Return Ranking - Calendar

Period DCMIX Return Category Return Low Category Return High Rank in Category (%)
2019 3.7% 2.4% 7.5% 73.99%
2018 -3.5% -4.3% 2.8% 96.36%
2017 2.4% -0.2% 6.9% 49.66%
2016 -4.0% -4.6% 0.8% 95.71%
2015 0.2% -1.9% 3.7% 51.09%

NAV & Total Return History


Holdings

DCMIX - Holdings

Concentration Analysis

DCMIX Category Low Category High DCMIX % Rank
Net Assets 860 M 2.99 M 17.2 B 45.76%
Number of Holdings 217 20 4740 70.06%
Net Assets in Top 10 147 M 1.83 M 3.01 B 37.85%
Weighting of Top 10 17.10% 3.5% 61.1% 42.37%

Top 10 Holdings

  1. LOS ANGELES CALIF DEPT ARPTS REV 5% 2.55%
  2. CALIFORNIA ST 5.25% 2.38%
  3. PALOMAR CALIF CMNTY COLLEGE DIST 0% 2.18%
  4. CALIFORNIA ST 5.25% 1.73%
  5. ABAG FIN AUTH FOR NONPROFIT CORPS CALIF REV 5% 1.70%
  6. SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% 1.43%
  7. SAN DIEGO CNTY CALIF REGL TRANSN COMMN SALES TAX REV 5% 1.36%
  8. UNIV CALIF REGTS MED CTR POOLED REV 5% 1.28%
  9. UNIVERSITY CALIF REVS 5% 1.25%
  10. CALIFORNIA ST PUB WKS BRD LEASE REV 5% 1.23%

Asset Allocation

Weighting Return Low Return High DCMIX % Rank
Bonds
100.00% 88.08% 101.44% 16.95%
Stocks
0.00% 0.00% 0.10% 72.88%
Preferred Stocks
0.00% 0.00% 0.00% 71.75%
Other
0.00% 0.00% 3.39% 71.75%
Convertible Bonds
0.00% 0.00% 0.00% 71.75%
Cash
0.00% -1.43% 11.92% 88.14%

Bond Sector Breakdown

Weighting Return Low Return High DCMIX % Rank
Municipal
100.00% 49.29% 101.06% 10.17%
Derivative
0.00% 0.00% 0.00% 71.75%
Cash & Equivalents
0.00% -0.27% 13.85% 98.87%
Securitized
0.00% 0.00% 0.00% 71.75%
Corporate
0.00% 0.00% 2.58% 72.88%
Government
0.00% -0.79% 49.18% 72.32%

Bond Geographic Breakdown

Weighting Return Low Return High DCMIX % Rank
US
99.24% 85.92% 101.11% 20.34%
Non US
0.76% 0.00% 9.10% 63.28%

Expenses

DCMIX - Expenses

Operational Fees

DCMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.09% 3.74% 52.84%
Management Fee 0.60% 0.00% 0.63% 99.44%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.33% N/A

Sales Fees

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

Trading Fees

DCMIX 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.

DCMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 17.89% 2.00% 235.00% 36.93%

Distributions

DCMIX - Distributions

Dividend Yield Analysis

DCMIX Category Low Category High DCMIX % Rank
Dividend Yield 0.00% 0.00% 0.60% 72.32%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

DCMIX Category Low Category High DCMIX % Rank
Net Income Ratio 2.86% 0.73% 3.84% 39.20%

Capital Gain Distribution Analysis

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

Dividend Payout History

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Fund Manager Analysis

DCMIX - Fund Manager Analysis

Managers

Jeffrey Burger


Start Date

Tenure

Tenure Rank

Dec 09, 2009

10.73

10.7%

Jeffrey Burger, CFA Director, Senior Portfolio Manager Jeffrey is a senior portfolio manager for US Municipal Bond strategies. He is responsible for managing US Municipal Bond strategies for institutional, high net worth and mutual fund clients. Previously, he served as a senior analyst for the firm, specializing in land-secured and special tax bonds. Prior to joining the firm in 2009, Jeffrey worked at Columbia Management as a portfolio manager and senior research analyst and at Fitch Ratings as a senior-level analyst. He is a former chairman and member of the executive committee and board of governors for the National Federation of Municipal Analysts. He is also a former president of the Boston Municipal Analysts Forum. Jeffrey has been in the investment industry since 1998. Jeffrey earned an MPA from the Maxwell School of Citizenship and Public Affairs at Syracuse University and a BA degree, cum laude, in policy studies and public relations from Syracuse University. He holds the CFA® designation and is a member of the CFA Institute.

Thomas Casey


Start Date

Tenure

Tenure Rank

Feb 07, 2012

8.57

8.6%

Thomas C. Casey Director, Senior Portfolio Manager Tom is a senior portfolio manager for US Municipal Bond strategies. He is responsible for managing US Municipal Bond portfolios for institutional, insurance and high net worth clients. Previously, Tom worked as a trader and a portfolio analyst on the US Municipal team. Prior to joining the firm in 1993, Tom worked as an analyst at State Street Bank & Trust Company. Tom has been in the investment industry since 1988. Tom earned an MBA and a BA from Boston College.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 31.69 9.23 7.51