DRCAX

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.