DCAAX Fees and Costs — BNY Mellon California AMT-Free Municipal Bond Fund, Inc., Class A
Data updated: 2026-09-25
The net expense ratio is 0.85%: a 0.45% management fee plus 0.40% other expenses. This share class carries a maximum front-end sales load of 4.50%. Portfolio turnover was 20%.
DCAAX Fees and Expenses
Annual operating expenses and sales charges of DCAAX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.40% |
| Gross expense ratio | 0.85% |
| Fee waiver | — |
| Net expense ratio | 0.85% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
DCAAX Costs Over Time
On $10,000 invested in DCAAX, assuming 5% a year before costs, total costs come to $1,084 over 5 years, cutting the return by 1.85% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $450 | $450 | $450 |
| Fund expenses (net expense ratio 0.85%) | $85 | $266 | $463 |
| Lost growth on money paid in costs | $22 | $84 | $171 |
| Total costs | $558 | $800 | $1,084 |
| Value after costs | $9,942 | $10,776 | $11,679 |
| Impact on return, per year | 5.58% | 2.48% | 1.85% |
DCAAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $231.7M
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
DCAAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $40.4M | 20.79% |
| MORGAN STANLEY & CO. LLC | $37.7M | 19.41% |
| BARCLAYS CAPITAL, INC. | $18.7M | 9.62% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $18.1M | 9.29% |
| J.P. MORGAN SECURITIES LLC | $17.1M | 8.82% |
| PIPER SANDLER & CO. | $15.2M | 7.84% |
| GOLDMAN SACHS & CO. LLC | $14.8M | 7.62% |
| JEFFERIES LLC | $13.1M | 6.76% |
| RBC CAPITAL MARKETS, LLC | $10.9M | 5.62% |
| HILLTOP SECURITIES INC. | $8.2M | 4.24% |
BNY Mellon California AMT-Free Municipal Bond Fund, Inc. Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DCAYX | Class Y | 0.56% | none |
| DCMIX | Class I | 0.61% | none |
| DRCAX | Class Z | 0.66% | none |
| DCAAX | Class A | 0.85% | 4.50% |
| DCACX | Class C | 1.66% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.