Returns Chart

Key Stats

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Expense Ratio Total Assets Under Management Dividend Yield Turnover Ratio
0.70% 642.40M 2.73% 10.45%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized All Time Total Returns (Daily) Max Drawdown (All)
-81.12M -12.01% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks as high a level of current income, exempt from federal and California state income taxes, as is consistent with the preservation of capital. The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that provide income exempt from federal and California state income taxes and the federal alternative minimum tax. It invests at least 80% of its assets in municipal bonds rated, at the time of purchase, investment grade (i.e., Baa/BBB or higher) or the unrated equivalent as determined by the adviser. The fund is non-diversified.
General
Security Type Mutual Fund
Oldest Share Symbol DRCAX
Equity Style --
Fixed Income Style --
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni California Long
Category Index Bloomberg Municipal California Exempt TR
Prospectus Objective Municipal Bond - Single State
Fund Owner Firm Name BNY Mellon
Prospectus Benchmark Index
Bloomberg Municipal TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Jeffrey Burger 12.74 yrs
Thomas Casey 10.57 yrs

Net Fund Flows Versus Category

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 48
-81.12M
-1.421B Category Low
158.80M Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of September 30, 2022

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
--
% Rank in Cat (NAV)
--
--
--
--
--
--
--
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As of October 04, 2022. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2015
2016
2017
2018
2019
2020
2021
YTD
3.84%
-0.70%
5.89%
0.19%
7.09%
4.12%
2.04%
-12.92%
3.30%
0.25%
5.45%
1.28%
7.54%
5.21%
1.52%
-11.42%
3.64%
-0.23%
6.04%
0.66%
8.14%
5.47%
2.20%
-16.33%
4.31%
0.48%
6.65%
0.36%
8.14%
5.41%
4.42%
-14.94%
3.43%
0.18%
6.47%
0.56%
8.43%
5.70%
1.99%
-13.15%
4.37%
0.63%
7.18%
0.99%
8.98%
6.77%
1.85%
-13.50%
As of October 04, 2022.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-4-22) 2.73%
30-Day SEC Yield (9-23-22) Upgrade
7-Day SEC Yield (9-26-22) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.51%
Yield to Maturity --
Effective Duration --
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of July 31, 2022

Asset Allocation

As of July 31, 2022.
Type % Net % Long % Short
Cash 0.31% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 99.69% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
LOS ANGELES CALIF DEPT ARPTS REV 5%
2.82% -- --
PALOMAR CALIF CMNTY COLLEGE DIST 0%
2.25% -- --
ABAG FIN AUTH FOR NONPROFIT CORPS CALIF REV 5%
2.01% -- --
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%
1.60% -- --
SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%
1.60% -- --
UNIV CALIF REGTS MED CTR POOLED REV 5%
1.51% -- --
GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5%
1.36% -- --
CALIFORNIA MUN FIN AUTH REV 5%
1.33% -- --
ALLAN HANCOCK CALIF JT CMNTY COLLEGE DIST 0%
1.20% -- --
CALIFORNIA ST 5%
1.14% -- --

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee Upgrade
Administration Fee --
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment Upgrade
Minimum Subsequent Investment Upgrade

Basic Info

Investment Strategy
The investment seeks as high a level of current income, exempt from federal and California state income taxes, as is consistent with the preservation of capital. The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that provide income exempt from federal and California state income taxes and the federal alternative minimum tax. It invests at least 80% of its assets in municipal bonds rated, at the time of purchase, investment grade (i.e., Baa/BBB or higher) or the unrated equivalent as determined by the adviser. The fund is non-diversified.
General
Security Type Mutual Fund
Oldest Share Symbol DRCAX
Equity Style --
Fixed Income Style --
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni California Long
Category Index Bloomberg Municipal California Exempt TR
Prospectus Objective Municipal Bond - Single State
Fund Owner Firm Name BNY Mellon
Prospectus Benchmark Index
Bloomberg Municipal TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Jeffrey Burger 12.74 yrs
Thomas Casey 10.57 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-4-22) 2.73%
30-Day SEC Yield (9-23-22) Upgrade
7-Day SEC Yield (9-26-22) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.51%
Yield to Maturity --
Effective Duration --
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of July 31, 2022

Fund Details

Key Dates
Inception Date 12/15/2008
Last Annual Report Date 5/31/2022
Last Prospectus Date 9/30/2021
Share Classes
DCAAX A
DCACX C
DCAYX Inst
DRCAX Inst
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No

Top Portfolio Holders

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