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Morningstar

BNY Mellon CA AMT-Free Municipal Bond A DCAAX

Morningstar Medalist Rating
Medalist Rating as of | See BNY Mellon Investment Hub
  • NAV / 1-Day Return 13.20  /  0.08 %
  • Total Assets 593.0 Mil
  • Adj. Expense Ratio
    0.790%
  • Expense Ratio 0.880%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.65%
  • Effective Duration —

USD | NAV as of Nov 28, 2023 | 1-Day Return as of Nov 28, 2023, 11:14 PM GMT+0

Morningstar’s Analysis DCAAX

Will DCAAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DCAAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the DCAAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of DCAAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

BNY Mellon CA AMT-Free Municipal Bond A's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings DCAAX

More DCAAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 201
  • Other Holdings 0
  • % Assets in Top 10 Holdings 18.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

LOS ANGELES CALIF DEPT ARPTS REV 5%

3.05
17,683,585
municipal

ABAG FIN AUTH FOR NONPROFIT CORPS CALIF REV 5%

2.29
13,263,275
municipal

PALOMAR CALIF CMNTY COLLEGE DIST 0%

2.28
13,211,583
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.5%

1.78
10,295,155
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%

1.72
9,946,498
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%

1.71
9,912,771
municipal

SOUTH SAN FRANCISCO CALIF UNI SCH DIST 4%

1.56
9,017,620
municipal

GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5%

1.49
8,636,088
municipal

GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5%

1.46
8,447,698
municipal

CALIFORNIA MUN FIN AUTH REV 5%

1.29
7,498,505
municipal