DRCAX Performance — BNY Mellon California AMT-Free Municipal Bond Fund, Inc., Class Z
Data updated: 2026-09-25
DRCAX returned +1.46% year to date and +6.38% over one year to May 2026. Annualised returns are +3.53% over 3 years and +0.40% over 5 years. Against its Intermediate Municipal Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $111, against $111 for the category, and to $106 over one year, against $106. Volatility over the past three years was 5.76% a year. In the 12 months to May 2026 the fund lost a net $32.9M, and assets reached $510.55M.
DRCAX Growth of $100
What $100 invested in BNY Mellon California AMT-Free Municipal Bond Fund, Inc. grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | DRCAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $106 | $106 |
| 3 years (Jun 2023 – May 2026) | $111 | $111 |
| 5 years (Jun 2021 – May 2026) | $102 | $104 |
| Since data start (Sep 2019 – May 2026) | $107 | $109 |
DRCAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.46% |
| 1 year | +6.38% |
| 3 years (annualised) | +3.53% |
| 5 years (annualised) | +0.40% |
DRCAX Annual Returns
Calendar-year total returns of BNY Mellon California AMT-Free Municipal Bond Fund, Inc., compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.46% |
| 2025 | +2.90% |
| 2024 | +1.89% |
| 2023 | +6.06% |
| 2022 | −10.43% |
| 2021 | +1.93% |
| 2020 | +4.08% |
| 2019 (Sep–Dec) | −0.24% |
DRCAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.6% | +1.5% | −2.2% | +1.1% | +0.5% | — | — | — | — | — | — | — |
| 2025 | +0.1% | +1.0% | −1.7% | −0.7% | −0.6% | +0.5% | −0.7% | +0.7% | +3.0% | +1.4% | +0.1% | −0.1% |
| 2024 | −0.1% | +0.1% | +0.1% | −1.2% | +0.1% | +1.5% | +0.8% | +0.6% | +1.1% | −1.3% | +1.4% | −1.1% |
| 2023 | +3.0% | −2.4% | +1.9% | +0.1% | −0.8% | +0.9% | +0.2% | −1.1% | −2.9% | −1.7% | +6.6% | +2.5% |
| 2022 | −2.9% | −0.7% | −3.2% | −3.3% | +1.1% | −2.2% | +3.0% | −2.2% | −4.0% | −1.0% | +5.0% | 0.0% |
| 2021 | +0.7% | −1.8% | +0.6% | +1.1% | +0.3% | +0.4% | +0.9% | −0.4% | −0.9% | −0.1% | +1.1% | +0.1% |
| 2020 | +1.8% | +1.5% | −4.5% | −2.1% | +3.1% | +1.2% | +1.7% | −0.5% | −0.1% | −0.1% | +1.8% | +0.6% |
| 2019 | — | — | — | — | — | — | — | — | −0.8% | 0.0% | +0.2% | +0.3% |
DRCAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 5.76%
- 3-year Sharpe ratio: -0.17 (vs 4.5% risk-free rate)
- Best month: +6.64% (Nov 2023)
- Worst month: −2.89% (Sep 2023)
DRCAX Fund Flows
Monthly money in and out of BNY Mellon California AMT-Free Municipal Bond Fund, Inc., from SEC Form N-PORT.
- 12-month net flow: −$32.9M
- 12-month gross sales (incl. reinvestments): $48.6M
- Sales ÷ redemptions: 0.60×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $6.8M | $5.4M | $1.3M |
| Apr 2026 | $4.1M | $5.7M | −$1.6M |
| Mar 2026 | $4.4M | $5.4M | −$1.0M |
| Feb 2026 | $4.9M | $4.9M | $91K |
| Jan 2026 | $5.2M | $12.5M | −$7.3M |
| Dec 2025 | $3.7M | $7.8M | −$4.1M |
| Nov 2025 | $3.1M | $5.9M | −$2.8M |
| Oct 2025 | $3.5M | $8.3M | −$4.8M |
| Sep 2025 | $3.0M | $8.2M | −$5.2M |
| Aug 2025 | $3.5M | $4.2M | −$759K |
| Jul 2025 | $2.5M | $6.3M | −$3.8M |
| Jun 2025 | $4.0M | $6.9M | −$3.0M |
DRCAX Assets Under Management
Net assets of BNY Mellon California AMT-Free Municipal Bond Fund, Inc. by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $510.55M |
| 2026-02-28 | $519.13M |
| 2025-11-30 | $524.12M |
| 2025-08-31 | $517.53M |
| 2025-05-31 | $526.52M |
| 2025-02-28 | $557.77M |
| 2024-11-30 | $579.40M |
| 2024-08-31 | $586.82M |
| 2024-05-31 | $579.60M |
| 2024-02-29 | $600.38M |
| 2023-11-30 | $599.07M |
| 2023-08-31 | $609.89M |
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.