DRCAX | DREYFUS CALIFORNIA AMT-FREE MUNICIPAL BOND FUND CLASS Z

Basic Info 13.49 0.01(0.07%)
May 14

DREYFUS CALIFORNIA AMT-FREE MUNICIPAL BOND FUND CLASS Z started on 07/29/1983

DREYFUS CALIFORNIA AMT-FREE MUNICIPAL BOND FUND CLASS Z is classified as asset class Muni California Long

DREYFUS CALIFORNIA AMT-FREE MUNICIPAL BOND FUND CLASS Z expense ratio is 0.59%

DREYFUS CALIFORNIA AMT-FREE MUNICIPAL BOND FUND CLASS Z rating is

(76%)

DREYFUS CALIFORNIA AMT-FREE MUNICIPAL BOND FUND CLASS Z (DRCAX) Dividend Info

DREYFUS CALIFORNIA AMT-FREE MUNICIPAL BOND FUND CLASS Z (DRCAX) dividend growth in the last 12 months is -6.65%

The trailing 12-month yield of DREYFUS CALIFORNIA AMT-FREE MUNICIPAL BOND FUND CLASS Z is 2.71%. its dividend history:

Date	Dividend
04/30/2024	0.0289
03/28/2024	0.0299
02/29/2024	0.0278
01/31/2024	0.0292
12/29/2023	0.032
11/30/2023	0.0308
10/31/2023	0.0327
09/29/2023	0.0289
08/31/2023	0.031
07/31/2023	0.031
06/30/2023	0.0291
05/31/2023	0.0323
04/28/2023	0.0273
03/31/2023	0.0303
02/28/2023	0.0275
01/31/2023	0.0319
12/30/2022	0.0295
12/29/2022	0.0295
12/23/2022	0.0085
11/30/2022	0.0286
10/31/2022	0.0295
09/30/2022	0.0286
08/31/2022	0.0305
07/29/2022	0.0273
06/30/2022	0.0292
05/31/2022	0.0313
04/29/2022	0.0288
03/31/2022	0.0303
02/28/2022	0.0266
01/31/2022	0.0292
12/31/2021	0.0294
12/23/2021	0.0223
11/30/2021	0.0303
10/29/2021	0.0282
09/30/2021	0.0298
08/31/2021	0.0324
07/30/2021	0.0312
06/30/2021	0.0346
05/28/2021	0.0291
04/30/2021	0.0316
03/31/2021	0.0346
02/26/2021	0.0292
01/29/2021	0.0302
12/31/2020	0.032
12/23/2020	0.0272
11/30/2020	0.0314
10/30/2020	0.0309
09/30/2020	0.0309
08/31/2020	0.0328
07/31/2020	0.0334
06/30/2020	0.0335
05/29/2020	0.0338
04/30/2020	0.0344
03/31/2020	0.036
02/28/2020	0.032
01/31/2020	0.0355
12/31/2019	0.037
12/27/2019	0.0407
11/29/2019	0.0334
10/31/2019	0.036
09/30/2019	0.0355
08/30/2019	0.0353
07/31/2019	0.0396
06/28/2019	0.0335
05/31/2019	0.0389
04/30/2019	0.0393
03/29/2019	0.0378
02/28/2019	0.0365
01/31/2019	0.0411
12/31/2018	0.041
12/28/2018	0.0627
11/30/2018	0.0394
10/31/2018	0.0425
09/28/2018	0.0357
08/31/2018	0.0403
07/31/2018	0.0412
06/29/2018	0.0374
05/31/2018	0.0406
04/30/2018	0.042
03/29/2018	0.039
02/28/2018	0.037
01/31/2018	0.044
12/28/2017	0.164
11/30/2017	0.041
10/31/2017	0.044
09/29/2017	0.04
08/31/2017	0.042
07/31/2017	0.0425
06/30/2017	0.0413
05/31/2017	0.0457
04/28/2017	0.0391
03/31/2017	0.044
02/28/2017	0.04
01/31/2017	0.045
12/30/2016	0.042
12/29/2016	0.045
11/30/2016	0.042
10/31/2016	0.043
09/30/2016	0.041
08/31/2016	0.046
07/29/2016	0.042
06/30/2016	0.043
05/31/2016	0.046
04/29/2016	0.042
03/31/2016	0.045
02/29/2016	0.045
01/29/2016	0.042
12/31/2015	0.045
11/30/2015	0.045
10/30/2015	0.045
09/30/2015	0.045
08/31/2015	0.046
07/31/2015	0.046
06/30/2015	0.048
05/29/2015	0.044
04/30/2015	0.045
03/31/2015	0.048
02/27/2015	0.042
01/30/2015	0.045
12/31/2014	0.05
11/28/2014	0.042
10/31/2014	0.046
09/30/2014	0.045
08/29/2014	0.046
07/31/2014	0.047
06/30/2014	0.046
05/30/2014	0.048
04/30/2014	0.046
03/31/2014	0.047
02/28/2014	0.044
01/31/2014	0.05
12/31/2013	0.05
11/29/2013	0.047
10/31/2013	0.049
09/30/2013	0.047
08/30/2013	0.048
07/31/2013	0.046
06/28/2013	0.045
05/31/2013	0.045
04/30/2013	0.044
03/28/2013	0.045
02/28/2013	0.041
01/31/2013	0.045
12/31/2012	0.046
12/13/2012	0.003
11/30/2012	0.044
10/31/2012	0.046
09/28/2012	0.045
08/31/2012	0.046
07/31/2012	0.047
06/29/2012	0.046
05/31/2012	0.047
04/30/2012	0.046
03/30/2012	0.047
02/29/2012	0.043
01/31/2012	0.048
12/30/2011	0.049
11/30/2011	0.047
10/31/2011	0.048
09/30/2011	0.047
08/31/2011	0.049
07/29/2011	0.051
06/30/2011	0.049
05/31/2011	0.051
04/29/2011	0.05
03/31/2011	0.052
02/28/2011	0.047
01/31/2011	0.052
12/31/2010	0.051
11/30/2010	0.049
10/29/2010	0.05
09/30/2010	0.048
08/31/2010	0.05
07/30/2010	0.05
06/30/2010	0.049
05/28/2010	0.05
03/31/2010	0.051
02/26/2010	0.045
01/29/2010	0.051
12/31/2009	0.05
11/30/2009	0.049
10/30/2009	0.05
09/30/2009	0.048
08/31/2009	0.051
07/31/2009	0.052
06/30/2009	0.05
05/29/2009	0.052
04/30/2009	0.05
03/31/2009	0.052
02/27/2009	0.046
01/30/2009	0.051
12/31/2008	0.051
11/28/2008	0.048
10/31/2008	0.05
09/30/2008	0.049
08/29/2008	0.051
07/31/2008	0.051
06/30/2008	0.05
05/30/2008	0.052
04/30/2008	0.05
03/31/2008	0.052
02/29/2008	0.049
01/31/2008	0.051
12/31/2007	0.051
11/30/2007	0.05
10/31/2007	0.051
09/28/2007	0.049
08/31/2007	0.051
07/31/2007	0.051
06/29/2007	0.049
05/31/2007	0.052
04/30/2007	0.049
03/30/2007	0.052
02/28/2007	0.047
01/31/2007	0.051
12/29/2006	0.052
12/15/2006	0.014
11/30/2006	0.049
10/31/2006	0.051
09/29/2006	0.05
08/31/2006	0.051
07/31/2006	0.051
06/30/2006	0.05
05/31/2006	0.052
04/28/2006	0.05
03/31/2006	0.052
02/28/2006	0.047
01/31/2006	0.052
12/30/2005	0.052
12/16/2005	0.015
11/30/2005	0.049
10/31/2005	0.051
09/30/2005	0.05
08/31/2005	0.051
07/29/2005	0.051
06/30/2005	0.049
05/31/2005	0.051
04/29/2005	0.049
03/31/2005	0.051
02/28/2005	0.045
01/31/2005	0.05
12/31/2004	0.05
12/09/2004	0.089
11/30/2004	0.049
10/29/2004	0.048
09/30/2004	0.048
08/31/2004	0.051
07/30/2004	0.045
06/30/2004	0.051
05/28/2004	0.042
04/30/2004	0.043
03/31/2004	0.048
02/27/2004	0.043
01/30/2004	0.041
12/31/2003	0.054
12/05/2003	0.144
11/28/2003	0.044
10/31/2003	0.048
09/30/2003	0.049
08/29/2003	0.048
07/31/2003	0.051
06/30/2003	0.052
05/30/2003	0.05
04/30/2003	0.05
03/31/2003	0.052
02/28/2003	0.048
01/31/2003	0.053
12/31/2002	0.055
12/06/2002	0.15
11/29/2002	0.051
10/31/2002	0.048
09/30/2002	0.056
08/30/2002	0.053
07/31/2002	0.06
06/28/2002	0.044
05/31/2002	0.056
04/30/2002	0.06
03/28/2002	0.05
02/28/2002	0.049
01/31/2002	0.056
12/31/2001	0.056
12/27/2001	0.249
11/30/2001	0.055
10/31/2001	0.059
09/28/2001	0.052
08/31/2001	0.058
07/31/2001	0.06
06/29/2001	0.055
05/31/2001	0.06
04/30/2001	0.06
03/30/2001	0.059
02/28/2001	0.054
01/31/2001	0.064
12/29/2000	0.056
11/30/2000	0.058
10/31/2000	0.063
09/29/2000	0.056
08/31/2000	0.06
07/31/2000	0.06
06/30/2000	0.059
05/31/2000	0.064
04/28/2000	0.054
03/31/2000	0.06
02/29/2000	0.056
01/31/2000	0.06
12/31/1999	0.06
12/09/1999	0.048
11/30/1999	0.062
10/29/1999	0.055
09/30/1999	0.056
08/31/1999	0.061
07/30/1999	0.057
06/30/1999	0.063
05/28/1999	0.053
04/30/1999	0.056
03/31/1999	0.061
02/26/1999	0.052
01/29/1999	0.055
12/31/1998	0.058
12/09/1998	0.044
11/30/1998	0.058
10/30/1998	0.056
09/30/1998	0.056
08/31/1998	0.057
07/31/1998	0.058
06/30/1998	0.06
05/29/1998	0.056
04/30/1998	0.058
03/31/1998	0.06
02/27/1998	0.052
01/30/1998	0.057
12/31/1997	0.063
12/04/1997	0.001
11/28/1997	0.054
10/31/1997	0.06
09/30/1997	0.063
08/29/1997	0.057
07/31/1997	0.06
06/30/1997	0.06
05/30/1997	0.059
04/30/1997	0.059
03/31/1997	0.062
02/28/1997	0.056
01/31/1997	0.062
12/31/1996	0.064
12/05/1996	0.001
11/29/1996	0.058
10/31/1996	0.061
09/30/1996	0.061
08/30/1996	0.06
07/31/1996	0.067
06/28/1996	0.055
05/31/1996	0.062
04/30/1996	0.064
03/29/1996	0.058
02/29/1996	0.06
01/31/1996	0.068
12/29/1995	0.061
11/30/1995	0.063
10/31/1995	0.069
09/29/1995	0.064
08/31/1995	0.069
07/31/1995	0.067
06/30/1995	0.065
05/31/1995	0.072
04/28/1995	0.062
03/31/1995	0.069
02/28/1995	0.061
01/31/1995	0.071
12/30/1994	0.067
11/30/1994	0.068
10/31/1994	0.07
09/30/1994	0.068
08/31/1994	0.075
07/29/1994	0.066
06/30/1994	0.068
05/31/1994	0.07
04/29/1994	0.064
03/31/1994	0.071
02/28/1994	0.064
01/31/1994	0.071
12/31/1993	0.07
11/30/1993	0.074
10/29/1993	0.068
09/30/1993	0.071
08/31/1993	0.074
07/30/1993	0.071
06/30/1993	0.079
05/28/1993	0.067
04/30/1993	0.072
03/31/1993	0.08
02/26/1993	0.068
01/29/1993	0.07
12/31/1992	0.074
11/30/1992	0.075
10/30/1992	0.074
09/30/1992	0.073
08/31/1992	0.074
07/31/1992	0.076
06/30/1992	0.081
05/29/1992	0.074
04/30/1992	0.076
03/31/1992	0.079
02/28/1992	0.069
01/31/1992	0.078
12/31/1991	0.082
11/29/1991	0.075
10/31/1991	0.08
09/30/1991	0.08
08/30/1991	0.077
07/31/1991	0.086
06/28/1991	0.073
05/31/1991	0.081
04/30/1991	0.087
03/28/1991	0.075
02/28/1991	0.075
01/31/1991	0.084
12/31/1990	0.084
11/30/1990	0.081
10/31/1990	0.09
09/28/1990	0.077
08/31/1990	0.085
07/31/1990	0.088
06/29/1990	0.081
05/31/1990	0.087
04/30/1990	0.088
03/30/1990	0.085
02/28/1990	0.081
01/31/1990	0.094
12/29/1989	0.082
11/30/1989	0.085
10/31/1989	0.09
09/29/1989	0.082
08/31/1989	0.087
07/31/1989	0.088
06/30/1989	0.085
05/31/1989	0.094
04/28/1989	0.081
03/31/1989	0.09
02/28/1989	0.081
01/31/1989	0.092
12/30/1988	0.087
11/30/1988	0.087
10/31/1988	0.089
09/30/1988	0.087
08/31/1988	0.095
07/29/1988	0.084
06/30/1988	0.085
05/31/1988	0.092
04/29/1988	0.084
03/31/1988	0.09
02/29/1988	0.09
01/29/1988	0.084
12/31/1987	0.089
11/30/1987	0.087
10/30/1987	0.089
09/30/1987	0.087
08/31/1987	0.088
07/31/1987	0.089
06/30/1987	0.094
05/29/1987	0.087
04/30/1987	0.09
03/31/1987	0.093
02/27/1987	0.082
01/30/1987	0.088
12/31/1986	0.096
11/28/1986	0.08
10/31/1986	0.09
09/30/1986	0.095
08/29/1986	0.086
07/31/1986	0.094
06/30/1986	0.096
05/30/1986	0.09
04/30/1986	0.09
03/31/1986	0.094
02/28/1986	0.087
01/31/1986	0.099
12/31/1985	0.1
11/29/1985	0.089
10/31/1985	0.097
09/30/1985	0.098
08/30/1985	0.093
07/31/1985	0.1
06/28/1985	0.085
05/31/1985	0.095
04/30/1985	0.098
03/29/1985	0.09
02/28/1985	0.089
01/31/1985	0.098
12/31/1984	0.098
11/30/1984	0.094
10/31/1984	0.106
09/28/1984	0.09
08/31/1984	0.098
07/31/1984	0.102
06/29/1984	0.093
05/31/1984	0.1
04/30/1984	0.099
03/30/1984	0.099
02/29/1984	0.097
01/31/1984	0.105
12/30/1983	0.097
11/30/1983	0.099
10/31/1983	0.104
09/30/1983	0.1
08/31/1983	0.109
08/01/1983	0.013

Dividend Growth History for DREYFUS CALIFORNIA AMT-FREE MUNICIPAL BOND FUND CLASS Z (DRCAX)

Year	Payout Amount	Year Start Yield	Annual Payout Growth (YoY)	CAGR to 2023
2023	$0.3648	2.76%	-5.83%	-
2022	$0.3874	2.56%	-1.40%	-5.83%
2021	$0.3929	2.58%	-7.29%	-3.64%
2020	$0.4238	2.81%	-12.55%	-4.87%
2019	$0.4846	3.34%	-10.72%	-6.85%
2018	$0.5428	3.61%	-13.65%	-7.64%
2017	$0.6286	4.24%	11.45%	-8.67%
2016	$0.564	3.65%	3.68%	-6.03%
2015	$0.544	3.53%	-2.33%	-4.87%
2014	$0.557	3.89%	0.91%	-4.59%
2013	$0.552	3.56%	-0.36%	-4.06%
2012	$0.554	3.74%	-6.42%	-3.73%
2011	$0.592	4.28%	8.82%	-3.95%
2010	$0.544	3.81%	-9.48%	-3.03%
2009	$0.601	4.57%	-0.50%	-3.50%
2008	$0.604	4.14%	0.17%	-3.31%
2007	$0.603	4.05%	-2.90%	-3.09%
2006	$0.621	4.19%	1.14%	-3.08%
2005	$0.614	4.14%	-5.25%	-2.85%
2004	$0.648	4.39%	-12.79%	-2.98%
2003	$0.743	5.03%	-5.71%	-3.49%
2002	$0.788	5.44%	-16.26%	-3.60%
2001	$0.941	6.28%	33.29%	-4.22%
2000	$0.706	5.21%	-4.47%	-2.83%
1999	$0.739	4.94%	1.23%	-2.90%
1998	$0.73	4.90%	1.96%	-2.74%
1997	$0.716	4.99%	-3.11%	-2.56%
1996	$0.739	5.03%	-6.81%	-2.58%
1995	$0.793	5.84%	-3.53%	-2.74%
1994	$0.822	5.29%	-4.86%	-2.76%
1993	$0.864	5.81%	-4.32%	-2.83%
1992	$0.903	6.04%	-5.45%	-2.88%
1991	$0.955	6.58%	-6.46%	-2.96%
1990	$1.021	7.01%	-1.54%	-3.07%
1989	$1.037	7.20%	-1.61%	-3.03%
1988	$1.054	7.43%	-0.85%	-2.99%
1987	$1.063	6.87%	-3.10%	-2.93%
1986	$1.097	7.75%	-3.09%	-2.93%
1985	$1.132	8.70%	-4.15%	-2.94%
1984	$1.181	8.72%	126.25%	-2.97%
1983	$0.522	3.87%	-	-0.89%

Dividend Growth Chart for DREYFUS CALIFORNIA AMT-FREE MUNICIPAL BOND FUND CLASS Z (DRCAX)

DREYFUS CALIFORNIA AMT-FREE MUNICIPAL BOND FUND CLASS Z (DRCAX) Historical Returns And Risk Info

From 05/15/1986 to 05/14/2024, the compound annualized total return (dividend reinvested) of DREYFUS CALIFORNIA AMT-FREE MUNICIPAL BOND FUND CLASS Z (DRCAX) is 4.556%. Its cumulative total return (dividend reinvested) is 443.674%.

From 05/15/1986 to 05/14/2024, the Maximum Drawdown of DREYFUS CALIFORNIA AMT-FREE MUNICIPAL BOND FUND CLASS Z (DRCAX) is 15.4%.

From 05/15/1986 to 05/14/2024, the Sharpe Ratio of DREYFUS CALIFORNIA AMT-FREE MUNICIPAL BOND FUND CLASS Z (DRCAX) is 0.62.

From 05/15/1986 to 05/14/2024, the Annualized Standard Deviation of DREYFUS CALIFORNIA AMT-FREE MUNICIPAL BOND FUND CLASS Z (DRCAX) is 4.5%.

From 05/15/1986 to 05/14/2024, the Beta of DREYFUS CALIFORNIA AMT-FREE MUNICIPAL BOND FUND CLASS Z (DRCAX) is 0.74.

	Last 1 Week*	YTD*(2024)	1 Yr	3 Yr	5 Yr	10 Yr	15 Yr	20 Yr	Since 05/15/1986	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Annualized Return(%)	0.4	-0.2	3.1	-1.3	0.9	2.1	3.3	3.5	4.6	6.1	-10.2	1.9	4.1	7.1	0.2	5.9	-0.5	3.8	11.6	-4.1	8.3	11.8	0.5	13.7	-5.9	1.9	4.9	4.1	4.6	4.9	8.0	3.5	15.2	-4.4	5.8	8.3	3.4	14.1	-7.4	10.7	5.5	10.1	6.7	8.6	9.7	-1.7	17.7	18.0	5.0	4.4
Sharpe Ratio	NA	-1.52	-0.18	-0.93	-0.15	0.29	NA	NA	0.62	0.43	-2.46	1.08	0.49	2.87	-0.62	2.36	-0.22	1.67	5.43	-1.02	3.1	3.58	0.11	3.64	-0.93	-0.4	0.65	0.65	0.87	1.0	1.77	0.25	3.29	-2.41	0.78	1.38	-0.01	2.54	-1.78	2.5	0.96	2.2	0.25	1.04	1.37	-0.76	3.03	2.86	-0.22	0.31
Draw Down(%)	NA	1.8	6.1	15.4	15.4	15.4	NA	NA	15.4	6.6	15.2	2.4	11.2	1.6	2.0	1.5	7.0	2.4	1.4	8.9	2.5	3.5	7.2	3.1	12.4	2.8	1.8	3.1	6.3	6.5	5.1	6.1	3.8	6.6	2.3	2.4	5.4	3.1	11.8	2.7	4.1	1.7	4.5	1.6	2.8	15.0	3.9	2.5	6.1	4.7
Standard Deviation(%)	NA	2.9	4.0	3.9	4.7	3.7	NA	NA	4.5	4.3	4.7	1.8	7.8	2.0	1.8	2.2	3.0	2.3	2.1	4.1	2.7	3.3	3.6	3.7	7.3	2.8	2.5	3.0	4.2	4.2	3.9	4.7	3.4	3.2	3.2	3.4	5.3	4.0	5.8	3.4	3.3	2.9	5.9	2.7	3.6	7.5	4.5	4.5	7.8	14.7
Treynor Ratio	NA	-0.05	-0.01	-0.04	-0.01	0.01	NA	NA	0.04	0.02	-0.14	0.02	0.04	0.07	-0.01	0.07	-0.01	0.04	0.13	-0.04	0.08	0.11	0.0	0.15	-0.07	-0.01	0.02	0.02	0.04	0.04	0.07	0.01	0.11	-0.08	0.03	0.05	0.0	0.14	-0.14	0.12	0.06	0.09	0.03	0.09	0.15	-0.16	0.62	0.0	0.0	0.0
Alpha	NA	0.0	0.0	0.0	0.0	0.0	NA	NA	0.0	0.0	-0.01	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-0.01	0.0	0.0	0.0	0.01	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-0.01	0.0	0.0	-0.01	0.0	-0.02	0.01	0.0	0.0	0.0	0.0	0.01	-0.01	0.04	NA	NA	NA
Beta	NA	0.85	0.88	0.87	0.88	0.87	NA	NA	0.74	0.88	0.86	0.91	0.88	0.86	0.81	0.76	0.88	0.87	0.91	1.0	1.05	1.09	1.01	0.91	1.0	0.89	0.94	1.02	0.98	1.0	1.0	1.23	1.04	0.99	0.93	0.92	0.92	0.75	0.73	0.71	0.51	0.71	0.42	0.33	0.32	0.36	0.22	NA	NA	NA
RSquare	NA	0.93	0.95	0.95	0.96	0.95	NA	NA	0.53	0.96	0.96	0.85	0.98	0.88	0.87	0.86	0.94	0.89	0.86	0.94	0.9	0.92	0.94	0.92	0.96	0.92	0.91	0.93	0.94	0.95	0.91	0.67	0.9	0.93	0.93	0.93	0.93	0.92	0.91	0.69	0.49	0.74	0.11	0.22	0.19	0.32	0.04	0.0	0.0	0.0
Yield(%)	N/A	0.9	2.7	2.5	2.7	3.2	3.7	3.8	N/A	2.7	2.6	2.5	2.7	3.4	3.6	4.1	3.5	3.4	4.0	3.5	3.8	4.3	3.8	4.6	4.1	4.0	4.1	4.1	4.3	4.9	5.5	6.3	5.2	5.0	5.0	4.9	5.0	5.7	5.3	5.8	6.0	6.7	6.9	7.1	7.4	6.9	7.8	8.8	8.7	3.9
Dividend Growth(%)	N/A	-66.7	-6.6	-19.8	-28.2	-18.9	-28.7	N/A	N/A	-10.0	5.3	-7.3	-18.0	-7.4	-11.5	13.0	3.8	-8.8	5.6	-5.3	-5.0	11.1	-10.0	0.0	0.0	-1.6	0.0	-4.7	-12.3	-8.8	-15.8	33.8	-5.3	0.0	5.6	-4.1	-5.1	-6.0	-3.5	-4.4	-7.2	-4.0	-1.0	-2.9	-1.9	-3.6	-2.6	-3.4	126.9	N/A

Return Calculator for DREYFUS CALIFORNIA AMT-FREE MUNICIPAL BOND FUND CLASS Z (DRCAX)

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DREYFUS CALIFORNIA AMT-FREE MUNICIPAL BOND FUND CLASS Z (DRCAX) Historical Return Chart

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DREYFUS CALIFORNIA AMT-FREE MUNICIPAL BOND FUND CLASS Z (DRCAX) Rolling Returns Charts

A rolling return for a period such as 5-year, as of a specific date, represents the investment’s performance over the preceding five years leading up to that date. In the 5-year rolling chart, the value on any given date corresponds to the annualized return for the preceding 5 years up to that very date. Thus, for instance, the chart value on 8/28/2015 reflects the annualized return from 8/28/2010 to 8/28/2015. A 5-year rolling return chart for an investment (stock, fund or portfolio) depicts the return sequence of 5-year trailing returns for the dates in the chart.

These rolling returns contrast with the most recent 3, 5, 10, and 15-year returns, as they solely depict the returns for those respective periods leading up to the most recent date, without encompassing every date in the historical record.

Rolling return charts offer a more precise insight into a portfolio’s risk and return stability (including funds or individual stocks). This is particularly true when focusing on the minimal return points within a rolling return chart as a measure of a fund or a portfolio's risk. A well-known observation, often attributed to ‘Murphy’s law’, is that it tends to perform poorly when investors decide to follow an investment due to its recent strong returns. Sound familiar? Information regarding minimum rolling returns could help mitigate this predicament. Investors can opt for an investment showcasing high minimum rolling returns within their preferred holding durations. In fact, merely possessing knowledge of such minimum rolling period returns can anchor investors’ expectations.

For instance, let’s consider an investor who follows a model portfolio (or even simply purchases and holds a fund like VFINX or SPY) for 10 years. Armed with knowledge of this portfolio’s minimum 10-year rolling return since its inception date or the fund’s inception (in the case of VFINX, recognizing that the minimum 10-year rolling return since 1987 could be as low as -2.24%), the investor should reasonably anticipate the potential for the portfolio to incur losses over the forthcoming 10 years.

Minimum rolling return for a period such as 10-year offers a different and often better historical risk and return metric than other popular risk and return metrics such as Sharpe ratio, standard deviation (volatility) or maximum drawdown.

See Portfolio Calculator and Rolling Returns for more detailed description.

From 05/15/1986 to 05/14/2024, the worst annualized return of 3-year rolling returns for DREYFUS CALIFORNIA AMT-FREE MUNICIPAL BOND FUND CLASS Z (DRCAX) is -3.37%.

From 05/15/1986 to 05/14/2024, the worst annualized return of 5-year rolling returns for DREYFUS CALIFORNIA AMT-FREE MUNICIPAL BOND FUND CLASS Z (DRCAX) is -0.3%.

From 05/15/1986 to 05/14/2024, the worst annualized return of 10-year rolling returns for DREYFUS CALIFORNIA AMT-FREE MUNICIPAL BOND FUND CLASS Z (DRCAX) is 1.3%.

From 05/15/1986 to 05/14/2024, the worst annualized return of 20-year rolling returns for DREYFUS CALIFORNIA AMT-FREE MUNICIPAL BOND FUND CLASS Z (DRCAX) is 3.51%.

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