A BNY MELLON COMPANY

Dreyfus California AMT-Free Municipal Bond Fund

  • Ticker: DRCAX
  • Product Code: 0928
  • CUSIP: 26202V409
Share Class:

Total Returns 1

Average Annual Total Returns

as of 03/31/14
1 YR 3 YR 5 YR 10 YR Since
Inception
Inception
Date
-0.25% 6.71% 6.06% 4.12% 6.12% 07/26/83
Barclays Municipal Bond Index 2
0.39% 5.79% 5.71% 4.45%    

Cumulative Returns

as of 03/31/14
1 YR 3 YR 5 YR 10 YR Since
Inception
Inception
Date
-0.25% 21.50% 34.21% 49.76% 518.92% 07/26/83
Barclays Municipal Bond Index 2
0.39% 18.41% 32.00% 54.57%    

YTD Returns

as of 04/22/14
5.57%

The performance data quoted represents past performance, which is no guarantee of future results. Yield, share price and investment return fluctuate and an investor's shares may be worth more or less than original cost upon redemption. Current performance may be lower or higher than the performance quoted. Please use the pulldown menu above to view month-end performance

Historical Performance 1

12 Month Yield History

Month/Year (%)
3/2014 3.76
2/2014 3.84
1/2014 3.99
12/2013 4.09
11/2013 3.98
10/2013 3.96
9/2013 3.95
8/2013 3.99
7/2013 3.77
6/2013 3.44
5/2013 3.46
4/2013 3.40

Yearly

Year (%)
2013 -4.12
2012 8.35
2011 11.79
2010 0.83
2009 13.70
2008 -5.91
2007 1.88
2006 4.85
2005 4.13
2004 4.67

Morningstar Rating 3

Overall Rating: 3 stars

Morningstar Overall Rating™ for Class Z shares among 138 funds in the Municipal California Long category as of 03/31/14. Ratings reflect risk-adjusted performance, and are derived from a weighted average of the fund's 3-, 5-, and 10-year (as applicable) ratings. As of 03/31/14 the fund received 3, 2, and 3 stars for the 3-, 5-, and 10-year periods out of 138, 133 and 108 funds in the category. Past performance is no guarantee of future results. Other share classes may have different ratings.

Daily Statistics

1-Day Yield
as of 04/23/14
3.80%
30-Day Yield
as of 04/23/14
2.54%
Price
as of 04/23/14
$14.96
Change up arrow 0.02
12 Month High
(05/01/13)
$15.63
12 Month Low
(09/05/13)
$14.06

Prospectus Fee Table Expense Ratios

Total Expenses 0.70%

Value

Change in Value of a $10,000 Initial Investment

A hypothetical $10,000 investment in the fund's Class Z shares at inception on 7/26/1983 would have been worth $61,860 on 3/31/2014. Assumes reinvestment of dividends and capital gains. Performance for the fund's other share classes would vary.

Investors should consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. Download a prospectus, or a summary prospectus, if available, that contains this and other information about the fund, and read it carefully before investing.

Notes & Disclosures
  1. Performance is historical and not indicative of future results. Investment return, yield, and principal value will fluctuate and an investor will receive more or less than the original cost upon redemption. Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors, and should read the prospectus carefully.
  2. Source: Morningstar, Inc. All rights reserved. Reflects investments of dividends and, where applicable, capital gain distributions. The Barclays Municipal Bond Index is a widely accepted, unmanaged total return performance benchmark for the long-term, investment-grade tax-exempt bond market.
  3. The Ratings formula measures the amount of variation in a fund's performance and gives more emphasis to downward variations. The top 10% of the funds in the category receive five stars; the next 22.5% four stars; the next 35% three stars; the next 22.5% two stars; and the last 10% one star. Ratings reflect sales loads.The fund represents a single portfolio with multiple share classes that have different expense structures.
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