DCAAX

About DCAAX

BNY Mellon California AMT-Free Municipal Bond Fund, Inc. is an open-end mutual fund specializing in tax-exempt municipal bonds. Its primary objective is to provide investors with a high level of current income that is exempt from both federal and California state personal income taxes, making it particularly appealing to California residents seeking tax-efficient income. The fund primarily invests at least 80% of its assets in municipal bonds rated investment grade (Baa/BBB or higher), or their unrated equivalents as determined by the adviser, thereby emphasizing credit quality and capital preservation. With over 180 holdings, the portfolio is diversified across various California issuers, helping to mitigate risk associated with individual municipalities. The fund distributes income monthly and aims for stability, serving as a strategic vehicle for those looking to balance income needs with lower credit risk in the municipal bond sector. It plays a significant role in the municipal bond market by channeling investor capital to support public projects, infrastructure, and services throughout California while shielding investors from the Alternative Minimum Tax on the generated income.