DCMIX

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.