BNY Mellon California AMT-Free Municipal Bond Fund, Inc.
SCHEDULE OF INVESTMENTS
August 31, 2026 (Unaudited)
 
Description
Coupon
Rate (%)
Maturity
Date
 
Principal
Amount ($)
Value ($)
Collateralized Municipal-Backed Securities — 2.4%
California Housing Finance Agency, Revenue Bonds, (Sustainable Bond)
(Noble Towers Apartment) (Insured; Federal National Mortgage
Association) Ser. 2019-N A
2.35
12/1/2035
4,429,668
3,691,898
California Housing Finance Agency, Revenue Bonds, Ser. 2021-3, Cl. A
3.25
8/20/2036
4,613,553
4,346,524
California Housing Finance Agency, Revenue Bonds, Ser. A
4.25
1/15/2035
3,703,229
3,776,983
Total Collateralized Municipal-Backed Securities
(cost $13,718,734)
 
 
 11,815,405
Long-Term Municipal Investments — 97.8%
California — 95.0%
Alameda Corridor Transportation Authority, Revenue Bonds (Insured;
Assured Guaranty Corp.) Ser. C
5.00
10/1/2052
2,500,000
2,535,264
Anaheim Community Facilities District, Special Tax Bonds, Refunding
(Platinum Triangle)
4.00
9/1/2046
1,690,000
1,518,165
Burbank-Glendale-Pasadena Airport Authority, Revenue Bonds (Insured;
Assured Guaranty Corp.) Ser. B
4.38
7/1/2049
1,500,000
1,412,797
Burbank-Glendale-Pasadena Airport Authority, Revenue Bonds, Refunding
(Insured; Assured Guaranty Corp.) Ser. B
5.50
7/1/2055
4,500,000
4,701,889
California, GO(a)
4.00
11/1/2030
15,000
15,758
California, GO
4.00
11/1/2035
985,000
1,005,125
California, GO, Refunding (Insured; Assured Guaranty Corp.)
5.25
8/1/2032
3,500,000
3,879,387
California Community Choice Financing Authority, Revenue Bonds (Clean
Energy Project) Ser. D
5.00
2/1/2031
5,000,000
5,255,795
California Community Choice Financing Authority, Revenue Bonds (Clean
Energy Project) Ser. E
5.00
7/1/2035
2,500,000
2,682,618
California Community Choice Financing Authority, Revenue Bonds
(Sustainable Bond) Ser. B1(b)
4.00
8/1/2031
11,500,000
11,546,347
California Community Choice Financing Authority, Revenue Bonds
(Sustainable Bond) Ser. D(b)
5.50
11/1/2028
5,000,000
5,198,081
California Community Choice Financing Authority, Revenue Bonds
(Sustainable Bond) Ser. F
5.00
11/1/2033
2,000,000
2,122,968
California Community Choice Financing Authority, Revenue Bonds
(Sustainable Bond) (Clean Energy Project) Ser. B(b)
5.00
11/1/2035
3,000,000
3,165,530
California Community Choice Financing Authority, Revenue Bonds
(Sustainable Bond) (Clean Energy Project) Ser. D(b)
5.00
7/1/2034
7,000,000
7,077,237
California Community Choice Financing Authority, Revenue Bonds
(Sustainable Bond) (Clean Energy Project) Ser. E1(b)
5.00
3/1/2031
3,000,000
3,124,010
California County Tobacco Securitization Agency, Revenue Bonds, Refunding
(Kern County Tobacco Funding Corp.)
5.00
6/1/2034
2,100,000
2,099,872
California County Tobacco Securitization Agency, Revenue Bonds, Refunding
(Los Angeles County Securitization Corp.) Ser. A
4.00
6/1/2049
4,250,000
3,768,695
California County Tobacco Securitization Agency, Revenue Bonds, Refunding
(Sonoma County Securitization Corp.)
4.00
6/1/2049
2,250,000
1,952,051
California County Tobacco Securitization Agency, Revenue Bonds, Refunding
(Sonoma County Securitization Corp.)
5.00
6/1/2049
140,000
138,117
California Educational Facilities Authority, Revenue Bonds, Refunding
(Chapman University) Ser. A
5.00
4/1/2045
1,050,000
1,108,224
California Educational Facilities Authority, Revenue Bonds, Refunding (Loma
Linda University) Ser. A
5.00
4/1/2036
3,845,000
3,860,745
California Educational Facilities Authority, Revenue Bonds, Refunding (Loma
Linda University) Ser. A
5.00
4/1/2037
1,500,000
1,505,269
3
SCHEDULE OF INVESTMENTS (Unaudited) (continued)
Description
Coupon
Rate (%)
Maturity
Date
 
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 97.8% (continued)
California — 95.0% (continued)
California Educational Facilities Authority, Revenue Bonds, Refunding
(Western University Of Health Sciences)
5.00
6/1/2034
1,055,000
1,163,080
California Educational Facilities Authority, Revenue Bonds, Refunding
(Western University Of Health Sciences)
5.00
6/1/2036
3,000,000
3,312,966
California Enterprise Development Authority, Revenue Bonds (Csac
Headquarters Building Project)
4.00
6/1/2036
2,765,000
2,713,581
California Enterprise Development Authority, Revenue Bonds (Csac
Headquarters Building Project)
5.00
6/1/2036
2,245,000
2,342,676
California Enterprise Development Authority, Revenue Bonds (Csac
Headquarters Building Project) Ser. A
5.00
6/1/2030
260,000
273,860
California Enterprise Development Authority, Revenue Bonds (Csac
Headquarters Building Project) Ser. A
5.00
6/1/2032
280,000
297,759
California Enterprise Development Authority, Revenue Bonds (Csac
Headquarters Building Project) Ser. A
5.00
6/1/2034
265,000
282,363
California Enterprise Development Authority, Revenue Bonds (Csac
Headquarters Building Project) Ser. A
5.00
6/1/2039
150,000
155,332
California Enterprise Development Authority, Revenue Bonds (Csac
Headquarters Building Project) Ser. A
5.00
6/1/2040
245,000
251,146
California Enterprise Development Authority, Revenue Bonds (Csac
Headquarters Building Project) Ser. A
5.00
6/1/2041
350,000
356,778
California Enterprise Development Authority, Revenue Bonds (Csac
Headquarters Building Project) Ser. A
5.00
6/1/2042
750,000
763,711
California Enterprise Development Authority, Revenue Bonds (The Mirman
School For Gifted Children Project) Ser. A
5.00
6/1/2043
750,000
763,420
California Enterprise Development Authority, Revenue Bonds (The Mirman
School For Gifted Children Project) Ser. A
5.00
6/1/2044
750,000
762,588
California Health Facilities Financing Authority, Revenue Bonds (Adventist
Health System) Ser. A
5.00
12/1/2032
4,250,000
4,575,899
California Health Facilities Financing Authority, Revenue Bonds (Adventist
Health System/West Obligated Group) Ser. A
5.25
12/1/2043
1,000,000
1,040,307
California Health Facilities Financing Authority, Revenue Bonds (Adventist
Health System/West Obligated Group) Ser. A
5.25
12/1/2044
3,380,000
3,495,498
California Health Facilities Financing Authority, Revenue Bonds (City of Hope
Obligated Group)
4.00
11/15/2045
6,000,000
5,276,444
California Health Facilities Financing Authority, Revenue Bonds
(CommonSpirit Health Obligated Group) Ser. A
5.00
12/1/2027
725,000
743,164
California Health Facilities Financing Authority, Revenue Bonds
(CommonSpirit Health Obligated Group) Ser. A
5.00
12/1/2054
2,250,000
2,280,240
California Health Facilities Financing Authority, Revenue Bonds (El Camino
Hospital)
5.00
2/1/2042
3,100,000
3,112,965
California Health Facilities Financing Authority, Revenue Bonds (Episcopal
Communities & Services for Seniors Obligated Group) Ser. B
5.25
11/15/2053
1,000,000
1,005,146
California Health Facilities Financing Authority, Revenue Bonds, Refunding
(Adventist Health System/West Obligated Group) Ser. A
4.00
3/1/2039
2,665,000
2,498,152
California Health Facilities Financing Authority, Revenue Bonds, Refunding
(CommonSpirit Health Obligated Group) Ser. A
4.00
4/1/2044
1,000,000
920,282
California Health Facilities Financing Authority, Revenue Bonds, Refunding
(El Camino Health) Ser. B1(b)
5.00
5/1/2031
3,000,000
3,254,540
California Health Facilities Financing Authority, Revenue Bonds, Refunding
(El Camino Healthcare) Ser. A
5.25
2/1/2048
2,000,000
2,126,429
California Health Facilities Financing Authority, Revenue Bonds, Refunding
(Providence St. Joseph Health Obligated Group) Ser. A
5.00
10/1/2031
4,430,000
4,435,905
California Health Facilities Financing Authority, Revenue Bonds, Refunding
(Providence St. Joseph Health Obligated Group) Ser. C(b)
5.25
10/1/2035
1,000,000
1,102,337
4
Description
Coupon
Rate (%)
Maturity
Date
 
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 97.8% (continued)
California — 95.0% (continued)
California Health Facilities Financing Authority, Revenue Bonds, Refunding
(Sutter Health Obligated Group) Ser. A
5.00
11/15/2036
2,500,000
2,831,410
California Housing Finance Agency, Revenue Bonds, Ser. 2
4.00
3/20/2033
2,429,136
2,447,678
California Infrastructure & Economic Development Bank, Revenue Bonds
(Equitable School Revolving Fund Obligated Group)
5.00
11/1/2039
550,000
559,216
California Infrastructure & Economic Development Bank, Revenue Bonds
(Equitable School Revolving Fund Obligated Group)
5.00
11/1/2044
625,000
631,508
California Infrastructure & Economic Development Bank, Revenue Bonds
(Equitable School Revolving Fund Obligated Group)
5.00
11/1/2049
1,500,000
1,506,118
California Infrastructure & Economic Development Bank, Revenue Bonds
(Equitable School Revolving Fund Obligated Group) Ser. B
5.00
11/1/2049
1,500,000
1,520,346
California Infrastructure & Economic Development Bank, Revenue Bonds
(Equitable School Revolving Fund Obligated Group) Ser. B
5.00
11/1/2054
1,750,000
1,754,978
California Infrastructure & Economic Development Bank, Revenue Bonds
(Equitable School Revolving Fund Obligated Group) Ser. B
5.00
11/1/2059
950,000
948,199
California Infrastructure & Economic Development Bank, Revenue Bonds,
Refunding (Academy of Motion Picture Arts & Sciences Obligated Group)
Ser. A
4.00
11/1/2041
1,000,000
985,538
California Infrastructure & Economic Development Bank, Revenue Bonds,
Refunding (Los Angeles County Museum Of Art Project)
3.25
6/1/2033
1,285,000
1,271,984
California Municipal Finance Authority, Revenue Bonds (Sustainable Bond)
(Orchard Park) (Insured; Build America Mutual)
4.00
5/15/2032
1,155,000
1,191,309
California Municipal Finance Authority, Revenue Bonds (Sustainable Bond)
(UCR North District Phase 1 Student Housing) (Insured; Build America
Mutual)
5.00
5/15/2043
3,040,000
3,097,963
California Municipal Finance Authority, Revenue Bonds (The Palmdale
Aerospace Academy Project)(c)
5.00
7/1/2041
1,750,000
1,674,671
California Municipal Finance Authority, Revenue Bonds (The Palmdale
Aerospace Academy Project)(c)
5.00
7/1/2046
3,840,000
3,621,208
California Municipal Finance Authority, Revenue Bonds (Aldersly Project)
Ser. B2
3.75
11/15/2028
205,000
205,034
California Municipal Finance Authority, Revenue Bonds (Bowles Hall
Foundation) Ser. A
5.00
6/1/2050
1,500,000
1,455,501
California Municipal Finance Authority, Revenue Bonds (Cabrillo College
Project) Ser. A(c)
5.50
7/1/2057
5,000,000
4,911,176
California Municipal Finance Authority, Revenue Bonds (California Baptist
University) Ser. A(c)
5.00
11/1/2046
2,500,000
2,416,809
California Municipal Finance Authority, Revenue Bonds (Channing House
Project) Ser. B
5.00
5/15/2047
2,500,000
2,505,226
California Municipal Finance Authority, Revenue Bonds (Gateways Hospital
And Mental Health Centers) Ser. A
5.00
9/1/2046
500,000
489,711
California Municipal Finance Authority, Revenue Bonds (Gibson Drive
Apartments Project) (Insured; Federal National Mortgage Association) Ser.
A
4.45
12/1/2042
5,000,000
4,919,411
California Municipal Finance Authority, Revenue Bonds (HumanGood
California Obligated Group)
4.00
10/1/2049
2,000,000
1,699,511
California Municipal Finance Authority, Revenue Bonds (LAX Integrated
Express Solutions APM Project)
5.00
6/30/2031
3,100,000
3,182,117
California Municipal Finance Authority, Revenue Bonds (LAX Integrated
Express Solutions APM Project)
5.00
12/31/2035
1,500,000
1,528,082
California Municipal Finance Authority, Revenue Bonds (SAC Health System)
5.00
9/1/2029
300,000
313,231
California Municipal Finance Authority, Revenue Bonds (SAC Health System)
5.25
9/1/2037
400,000
432,984
California Municipal Finance Authority, Revenue Bonds (SAC Health System)
5.25
9/1/2039
630,000
669,239
5
SCHEDULE OF INVESTMENTS (Unaudited) (continued)
Description
Coupon
Rate (%)
Maturity
Date
 
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 97.8% (continued)
California — 95.0% (continued)
California Municipal Finance Authority, Revenue Bonds (SAC Health System)
5.25
9/1/2041
350,000
366,675
California Municipal Finance Authority, Revenue Bonds (Scripps College
Project)
5.00
7/1/2055
1,500,000
1,513,964
California Municipal Finance Authority, Revenue Bonds (SFMTA Potrero Yard
Modernization Project) Ser. A
5.25
9/1/2055
1,375,000
1,367,267
California Municipal Finance Authority, Revenue Bonds (SFMTA Potrero Yard
Modernization Project) Ser. A
5.50
9/1/2056
2,375,000
2,513,397
California Municipal Finance Authority, Revenue Bonds (SFMTA Potrero Yard
Modernization Project) Ser. B
5.00
6/30/2032
1,000,000
1,066,848
California Municipal Finance Authority, Revenue Bonds (St. Ignatius College
Preparatory) Ser. A
5.00
9/1/2054
3,000,000
3,048,198
California Municipal Finance Authority, Revenue Bonds (UCR North District
Phase 1 Student Housing) (Insured; Build America Mutual)
5.00
5/15/2044
1,890,000
1,923,025
California Municipal Finance Authority, Revenue Bonds (United Airlines
Project)
4.00
7/15/2029
5,000,000
5,025,681
California Municipal Finance Authority, Revenue Bonds (Westside
Neighborhood School)(c)
6.38
6/15/2064
2,000,000
2,079,314
California Municipal Finance Authority, Revenue Bonds, Ser. 2026-1, Cl.
B(c),(d)
9.98
12/20/2043
1,105,000
1,097,158
California Municipal Finance Authority, Revenue Bonds, Ser. A1(d)
3.54
2/20/2041
4,393,413
3,953,234
California Municipal Finance Authority, Revenue Bonds, Ser. A1
4.05
7/20/2041
1,568,216
1,485,703
California Municipal Finance Authority, Revenue Bonds, Refunding (Biola
University)
5.00
10/1/2039
1,000,000
1,004,451
California Municipal Finance Authority, Revenue Bonds, Refunding
(California Baptist University) Ser. A(c)
5.00
11/1/2035
1,300,000
1,351,197
California Municipal Finance Authority, Revenue Bonds, Refunding
(Community Medical Centers) Ser. A
5.00
2/1/2036
1,000,000
1,003,267
California Municipal Finance Authority, Revenue Bonds, Refunding
(Community Medical Centers) Ser. A
5.00
2/1/2037
1,000,000
1,002,751
California Municipal Finance Authority, Revenue Bonds, Refunding
(Eisenhower Medical Center) Ser. A
5.00
7/1/2036
1,100,000
1,106,320
California Municipal Finance Authority, Revenue Bonds, Refunding
(Eisenhower Medical Center) Ser. A
5.00
7/1/2037
1,000,000
1,004,725
California Municipal Finance Authority, Revenue Bonds, Refunding
(Eisenhower Medical Center) Ser. A
5.00
7/1/2042
3,500,000
3,501,831
California Municipal Finance Authority, Revenue Bonds, Refunding
(Eisenhower Medical Center) Ser. B
5.00
7/1/2042
2,500,000
2,501,308
California Municipal Finance Authority, Revenue Bonds, Refunding (Eskaton
Properties Obligated Group)
5.00
11/15/2037
1,105,000
1,173,814
California Municipal Finance Authority, Revenue Bonds, Refunding (Eskaton
Properties Obligated Group)
5.00
11/15/2044
1,500,000
1,528,564
California Municipal Finance Authority, Revenue Bonds, Refunding
(HumanGood California Obligated Group) Ser. A
5.00
10/1/2044
2,000,000
2,000,951
California Municipal Finance Authority, Revenue Bonds, Refunding (Town &
Country Manor of the Christian & Missionary Alliance)
5.00
7/1/2034
1,720,000
1,802,241
California Municipal Finance Authority, Revenue Bonds, Refunding (Town &
Country Manor of the Christian & Missionary Alliance)
5.00
7/1/2049
2,100,000
2,135,424
California Municipal Finance Authority, Revenue Bonds, Refunding (William
Jessup University)(c),(e)
5.00
8/1/2048
8,510,000
5,106,000
California Public Finance Authority, Revenue Bonds (Hoag Memorial Hospital
Presbyterian Obligated Group) Ser. A
4.00
7/15/2051
2,950,000
2,682,558
California Public Finance Authority, Revenue Bonds (Hoag Memorial Hospital
Presbyterian Obligated Group) Ser. A
5.00
7/15/2046
2,000,000
2,072,201
6
Description
Coupon
Rate (%)
Maturity
Date
 
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 97.8% (continued)
California — 95.0% (continued)
California School Finance Authority, Revenue Bonds (Alliance for College-
Ready Public Schools Obligated Group) Ser. A(c)
5.00
7/1/2045
3,500,000
3,403,848
California School Finance Authority, Revenue Bonds (Granada Hills Charter
High School Obligated Group)(c)
5.00
7/1/2043
1,255,000
1,203,327
California School Finance Authority, Revenue Bonds (Granada Hills Charter
High School Obligated Group)(c)
5.00
7/1/2049
1,100,000
1,022,634
California School Finance Authority, Revenue Bonds (Granada Hills Charter
High School Obligated Group) Ser. A(c)
5.00
7/1/2054
2,775,000
2,521,009
California School Finance Authority, Revenue Bonds (Granada Hills Charter
High School Obligated Group) Ser. A(c)
5.00
7/1/2064
1,000,000
872,195
California School Finance Authority, Revenue Bonds (Green Dot Public
Schools California Project)(c)
5.00
8/1/2048
1,650,000
1,532,107
California School Finance Authority, Revenue Bonds (KIPP LA Project) Ser.
A(c)
5.00
7/1/2037
590,000
592,020
California School Finance Authority, Revenue Bonds (KIPP LA Project) Ser.
A(c)
5.00
7/1/2047
875,000
847,067
California School Finance Authority, Revenue Bonds (KIPP Social Projects)
Ser. A(c)
4.00
7/1/2050
1,135,000
948,877
California School Finance Authority, Revenue Bonds (Ready Public Schools
Projects) Ser. C(c)
5.00
7/1/2031
1,675,000
1,667,726
California School Finance Authority, Revenue Bonds, Ser. A(c)
5.00
7/1/2045
1,700,000
1,671,285
California School Finance Authority, Revenue Bonds, Ser. A(c)
5.00
7/1/2055
2,700,000
2,506,380
California School Finance Authority, Revenue Bonds, Refunding (Classical
Academies Oceans) Ser. A(c)
5.00
10/1/2052
1,500,000
1,369,898
California Statewide Communities Development Authority, Revenue Bonds
(Enloe Medical Center Obligated Group), (Insured; Assured Guaranty
Corp.) Ser. A
5.25
8/15/2052
1,000,000
1,001,061
California Statewide Communities Development Authority, Revenue Bonds
(HR Ontario Hotel Project) Ser. A(c)
6.00
9/2/2035
620,000
641,287
California Statewide Communities Development Authority, Revenue Bonds
(HR Ontario Hotel Project) Ser. A(c)
6.00
9/2/2040
1,135,000
1,164,365
California Statewide Communities Development Authority, Revenue Bonds
(Kaiser Foundation Hospitals) Ser. B(c)
5.00
10/1/2035
7,500,000
8,295,694
California Statewide Communities Development Authority, Revenue Bonds
(Loma Linda University Medical Center Obligated Group) Ser. A(c)
5.00
12/1/2036
5,250,000
5,255,437
California Statewide Communities Development Authority, Revenue Bonds
(Loma Linda University Medical Center Obligated Group) Ser. A(c)
5.25
12/1/2056
1,500,000
1,500,748
California Statewide Communities Development Authority, Revenue Bonds
(Marin General Hospital)
4.00
8/1/2045
2,130,000
1,892,749
California Statewide Communities Development Authority, Revenue Bonds
(Odd Fellows Home Of California Project) Ser. A
5.00
4/1/2046
310,000
321,338
California Statewide Communities Development Authority, Revenue Bonds
(Odd Fellows Home Of California Project) Ser. A
5.00
4/1/2047
300,000
308,331
California Statewide Communities Development Authority, Revenue Bonds
(Odd Fellows Home Of California Project) Ser. A
5.00
4/1/2048
400,000
408,627
California Statewide Communities Development Authority, Revenue Bonds
(Odd Fellows Home Of California Project) Ser. B1
2.85
10/1/2032
1,000,000
970,240
California Statewide Communities Development Authority, Revenue Bonds,
Refunding (Front Porch Communities & Services Obligated Group)
4.00
4/1/2051
5,500,000
4,557,300
California Statewide Communities Development Authority, Revenue Bonds,
Refunding (California Baptist University) Ser. A(c)
5.00
11/1/2032
1,855,000
1,863,335
California Statewide Communities Development Authority, Revenue Bonds,
Refunding (California Baptist University) Ser. A(c)
5.00
11/1/2041
700,000
665,732
7
SCHEDULE OF INVESTMENTS (Unaudited) (continued)
Description
Coupon
Rate (%)
Maturity
Date
 
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 97.8% (continued)
California — 95.0% (continued)
California Statewide Communities Development Authority, Revenue Bonds,
Refunding (Front Porch Communities & Services Obligated Group)
5.00
4/1/2047
4,555,000
4,523,940
California Statewide Communities Development Authority, Revenue Bonds,
Refunding (John Muir Health) Ser. A
5.00
8/15/2041
1,200,000
1,200,289
California Statewide Communities Development Authority, Revenue Bonds,
Refunding (Odd Fellows Home of California Project)
4.00
4/1/2043
1,900,000
1,826,598
Central Valley Energy Authority, Revenue Bonds
5.00
8/1/2034
3,250,000
3,388,203
Eureka Public Financing Authority, Revenue Bonds, Refunding (Insured;
Build America Mutual)
5.00
10/1/2041
800,000
856,016
Foothill-Eastern Transportation Corridor Agency, Revenue Bonds, Ser. A
4.00
1/15/2046
1,500,000
1,360,915
Foothill-Eastern Transportation Corridor Agency, Revenue Bonds, Refunding
(Insured; Assured Guaranty Corp.)(f)
0.00
1/15/2035
10,000,000
7,324,818
Hesperia Community Redevelopment Agency, Tax Allocation Bonds (Insured;
Assured Guaranty Corp.) Ser. A
5.00
9/1/2035
6,835,000
7,074,308
Irvine, Special Tax Bonds (Community Facilities District No. 2013-3)
5.00
9/1/2043
2,500,000
2,550,000
Irvine Unified School District, Special Tax Bonds, (Community Facilities
District No. 09-1) Ser. A
5.00
9/1/2042
400,000
400,437
Irvine Unified School District, Special Tax Bonds, (Community Facilities
District No. 09-1) Ser. B
5.00
9/1/2042
990,000
991,081
Irvine Unified School District, Special Tax Bonds, (Community Facilities
District No. 09-1) Ser. C
5.00
9/1/2042
995,000
996,086
Irvine Unified School District, Special Tax Bonds, (Community Facilities
District No. 09-1) (Insured; Build America Mutual) Ser. A
4.00
9/1/2044
1,110,000
1,074,337
Lancaster Redevelopment Agency, Tax Allocation Bonds, Refunding (Comb
Redevelopment Project Areas) (Insured; Assured Guaranty Corp.)
5.00
8/1/2033
1,200,000
1,202,006
Los Angeles County Metropolitan Transportation Authority, Revenue Bonds
(I-105 Expresslanes Project) Ser. A
5.00
6/1/2034
900,000
994,717
Los Angeles County Metropolitan Transportation Authority, Revenue Bonds
(I-105 Expresslanes Project) Ser. A
5.00
6/1/2039
1,905,000
2,040,481
Los Angeles County Public Works Financing Authority, Revenue Bonds,
Refunding, Ser. H
4.00
12/1/2053
1,500,000
1,356,754
Los Angeles Department of Airports, Revenue Bonds, Refunding
5.00
5/15/2032
11,800,000
12,298,146
Los Angeles Department of Airports, Revenue Bonds, Refunding, Ser. A
5.00
5/15/2028
3,215,000
3,321,777
Los Angeles Department of Airports, Revenue Bonds, Refunding, Ser. A
5.00
5/15/2033
5,820,000
6,365,295
Los Angeles Department of Water & Power, Revenue Bonds, Refunding
(Insured; Build America Mutual) Ser. A
5.00
7/1/2055
2,500,000
2,527,318
Los Angeles Department of Water & Power, Revenue Bonds, Refunding, Ser. A
5.00
7/1/2032
1,450,000
1,585,019
Los Angeles Department of Water & Power, Revenue Bonds, Refunding, Ser. A
5.00
7/1/2033
1,900,000
2,089,686
Los Angeles Department of Water & Power, Revenue Bonds, Refunding, Ser. B
5.00
7/1/2045
4,000,000
4,062,351
Los Angeles Department of Water & Power, Revenue Bonds, Refunding, Ser. E
5.00
7/1/2040
1,825,000
1,903,362
Monterey Peninsula Community College District, GO, Ser. B
4.00
8/1/2051
2,500,000
2,289,041
Moreno Valley Public Financing Authority, Revenue Bonds, Refunding
(Insured; Assured Guaranty Corp.) Ser. A
5.25
5/1/2056
1,500,000
1,581,253
Municipal Improvement Corp. of Los Angeles, Revenue Bonds, Refunding, Ser.
B
5.00
11/1/2037
5,000,000
5,513,208
Norman Y. Mineta San Jose International Airport, Revenue Bonds, Refunding,
Ser. A
5.00
3/1/2029
1,795,000
1,814,402
Orange County Community Facilities District, Special Tax Bonds (Esencia
Village) Ser. A
5.00
8/15/2041
6,000,000
6,001,114
Orange County Community Facilities District, Special Tax Bonds (Esencia
Village) Ser. A
5.00
8/15/2042
3,000,000
3,007,851
Orange County Community Facilities District, Special Tax Bonds (Esencia
Village) Ser. A
5.00
8/15/2047
1,000,000
1,000,466
8
Description
Coupon
Rate (%)
Maturity
Date
 
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 97.8% (continued)
California — 95.0% (continued)
Orange County Community Facilities District, Special Tax Bonds, Ser. A
5.00
8/15/2041
775,000
797,098
Orange County Community Facilities District, Special Tax Bonds, Ser. A
5.00
8/15/2046
1,500,000
1,518,008
Palomar Community College District, GO, Ser. B(g)
6.38
8/1/2045
6,615,000
6,373,678
Pasadena Public Financing Authority, Revenue Bonds, Refunding (Rose Bowl
Renovation)(f)
0.00
6/1/2044
1,100,000
484,554
Pasadena Public Financing Authority, Revenue Bonds, Refunding (Rose Bowl
Renovation)(f)
0.00
6/1/2045
1,150,000
480,348
Pasadena Public Financing Authority, Revenue Bonds, Refunding (Rose Bowl
Renovation)(f)
0.00
6/1/2046
1,000,000
394,766
Pasadena Public Financing Authority, Revenue Bonds, Refunding (Rose Bowl
Renovation)(f)
0.00
6/1/2047
1,000,000
372,849
Pasadena Public Financing Authority, Revenue Bonds, Refunding (Rose Bowl
Renovation)(f)
0.00
6/1/2048
1,000,000
354,650
Pittsburg Successor Agency Redevelopment Agency, Tax Allocation Bonds,
Refunding (Los Medanos Community Development Project) Ser. A
5.00
9/1/2030
575,000
620,447
Pomona Redevelopment Agency, Tax Allocation Bonds, Refunding, Ser. Y
5.50
5/1/2032
1,985,000
2,131,133
River Islands Public Financing Authority, Special Tax Bonds (Community
Facilities District No. 2023-1)
5.00
9/1/2048
1,650,000
1,588,632
River Islands Public Financing Authority, Special Tax Bonds (Community
Facilities District No. 2023-1)
5.00
9/1/2054
4,250,000
3,961,849
River Islands Public Financing Authority, Special Tax Bonds, Refunding
5.00
9/1/2050
1,280,000
1,223,383
River Islands Public Financing Authority, Special Tax Bonds, Refunding
5.00
9/1/2055
1,500,000
1,404,647
River Islands Public Financing Authority, Special Tax Bonds, Refunding
(Phase 1 Rans Refunding Program)(Insured; Assured Guaranty Corp.) Ser.
A
5.00
9/1/2046
575,000
607,137
River Islands Public Financing Authority, Special Tax Bonds, Refunding
(Phase 1 Rans Refunding Program)(Insured; Assured Guaranty Corp.) Ser.
A
5.00
9/1/2052
1,500,000
1,540,579
Riverside County Transportation Commission, Revenue Bonds, Refunding,
Ser. B1
4.00
6/1/2037
1,750,000
1,776,546
Sacramento County Airport System, Revenue Bonds, Refunding, Ser. C
5.00
7/1/2033
6,120,000
6,288,779
Sacramento Municipal Utility District, Revenue Bonds, Refunding, Ser. G(b)
5.00
10/14/2033
4,000,000
4,439,212
Sacramento Unified School District, GO (Insured; Assured Guaranty Corp.)
Ser. A
5.00
8/1/2042
4,535,000
4,688,776
Sacramento Unified School District, GO (Insured; Assured Guaranty Corp.)
Ser. G
4.00
8/1/2044
1,000,000
940,822
San Diego Association of Governments, Revenue Bonds, Ser. A
5.00
7/1/2038
2,000,000
2,026,111
San Diego County Regional Airport Authority, Revenue Bonds, Ser. A
4.00
7/1/2051
2,450,000
2,227,216
San Diego County Regional Airport Authority, Revenue Bonds, Ser. B
5.00
7/1/2053
3,000,000
3,008,021
San Diego County Regional Airport Authority, Revenue Bonds, Ser. B
5.50
7/1/2055
2,000,000
2,082,422
San Diego County Regional Airport Authority, Revenue Bonds, Refunding, Ser.
B
4.00
7/1/2044
1,000,000
914,100
San Francisco City & County Airport Commission, Revenue Bonds, Refunding
(SFO Fuel Co.) Ser. A(a)
5.00
1/2/2029
4,000,000
4,183,912
San Francisco City & County Airport Commission, Revenue Bonds, Refunding,
Ser. A
5.25
5/1/2045
3,000,000
3,176,907
San Francisco City & County Airport Commission, Revenue Bonds, Refunding,
Ser. D
5.25
5/1/2055
6,000,000
6,142,967
San Francisco City & County Airport Commission, Revenue Bonds, Refunding,
Ser. E
5.00
5/1/2040
8,405,000
8,574,930
San Mateo Foster Public Financing Authority, Revenue Bonds, (Clean Water
Program)
4.00
8/1/2037
2,200,000
2,229,005
9
SCHEDULE OF INVESTMENTS (Unaudited) (continued)
Description
Coupon
Rate (%)
Maturity
Date
 
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 97.8% (continued)
California — 95.0% (continued)
San Mateo Foster Public Financing Authority, Revenue Bonds, (Clean Water
Program)
4.00
8/1/2039
1,500,000
1,495,565
Southern California Public Power Authority, Revenue Bonds (Southern
Transmission System Renewal Project) (Insured; Build America Mutual)
Ser. 1
5.25
7/1/2050
2,500,000
2,594,867
Southern California Tobacco Securitization Authority, Revenue Bonds,
Refunding
5.00
6/1/2029
1,000,000
1,053,854
Southern California Tobacco Securitization Authority, Revenue Bonds,
Refunding (San Diego County Tobacco Asset Securitization)
5.00
6/1/2048
4,750,000
4,771,193
Tulare Local Health Care District, GO, Refunding (Insured; Build America
Mutual)
4.00
8/1/2032
695,000
707,823
Tulare Local Health Care District, GO, Refunding (Insured; Build America
Mutual)
4.00
8/1/2033
1,500,000
1,523,052
Tulare Local Health Care District, GO, Refunding (Insured; Build America
Mutual)
4.00
8/1/2035
650,000
653,083
University of California, Revenue Bonds, Ser. CD
5.00
5/15/2036
1,500,000
1,694,365
Vernon Electric System, Revenue Bonds, Ser. A
5.00
4/1/2027
1,750,000
1,769,857
Vernon Electric System, Revenue Bonds, Ser. A
5.00
10/1/2027
1,500,000
1,530,635
Yosemite Community College District, GO, Ser. D(f)
0.00
8/1/2031
5,545,000
4,703,345
 
466,745,752
Multi-State — 1.7%
Federal Home Loan Mortgage Corp. Multifamily Variable Rate Certificates,
Revenue Bonds, Ser. M049(h)
3.05
4/15/2034
4,530,000
4,142,357
Federal Home Loan Mortgage Corp. Multifamily Variable Rate Certificates,
Revenue Bonds, Ser. MO50(c),(h)
3.05
6/15/2037
4,895,000
4,357,598
 
8,499,955
U.S. Related — 1.1%
Guam Government Waterworks Authority, Revenue Bonds, Refunding, Ser. A
5.00
7/1/2043
1,300,000
1,319,010
Municipality of San Juan Puerto Rico, GO, Ser. A
5.00
7/1/2027
60,000
60,902
Municipality of San Juan Puerto Rico, GO, Ser. A
5.00
7/1/2028
180,000
185,517
Municipality of San Juan Puerto Rico, GO, Ser. A
5.00
7/1/2036
645,000
687,237
Municipality of San Juan Puerto Rico, GO, Ser. A
5.25
7/1/2040
675,000
709,551
Puerto Rico, GO, Ser. A1
5.63
7/1/2027
498,669
506,859
Puerto Rico, GO, Ser. A1
5.63
7/1/2029
1,900,000
1,996,375
 
5,465,451
Total Long-Term Municipal Investments
(cost $498,179,472)
 
 
480,711,158
Total Investments (cost $511,898,206)
 
    100.2%
492,526,563
Liabilities, Less Cash and Receivables
 
      (.2%)
   (993,795)
Net Assets
    100.0%
491,532,768
 
CD—Certificate of Deposit
GO—Government Obligation
 
(a)
These securities are prerefunded; the date shown represents the prerefunded date. Bonds which are prerefunded are collateralized by U.S. Government securities
which are held in escrow and are used to pay principal and interest on the municipal issue and to retire the bonds in full at the earliest refunding date.
(b)
These securities have a put feature; the date shown represents the put date and the bond holder can take a specific action to retain the bond after the put date.
(c)
Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers. At August 31, 2026, these securities amounted to $66,160,102 or 13.5% of net assets.
(d)
The Variable Rate is determined by the Remarketing Agent in its sole discretion based on prevailing market conditions and may, but need not, be established by
reference to one or more financial indices.
10
(e)
Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at August 31,
2026 was $5,106,000, which represented 1.0% of net assets.
(f)
Security issued with a zero coupon. Income is recognized through the accretion of discount.
(g)
Multi-coupon. Zero coupon until a specified date at which time the stated coupon rate becomes effective until maturity.
(h)
The Federal Housing Finance Agency (“FHFA”) placed the Federal Home Loan Mortgage Corporation and Federal National Mortgage Association into
conservatorship with FHFA as the conservator. As such, the FHFA oversees the continuing affairs of these companies.
See notes to schedule of investments.
11
Schedule of Investments
BNY Mellon California AMT-Free Municipal Bond Fund, Inc.
August 31, 2026 (Unaudited)
The following is a summary of the inputs used as of August 31, 2026 in valuing the fund’s investments: 
 
Level 1 -
Unadjusted
Quoted Prices
Level 2- Other
Significant
Observable Inputs
Level 3-
Significant
Unobservable
Inputs
Total
Assets ($)
Investments in Securities:†
Collateralized Municipal-Backed Securities
—
11,815,405
—
11,815,405
Municipal Securities
—
480,711,158
—
480,711,158
 
—
492,526,563
—
492,526,563
 
†
See Schedule of Investments for additional detailed categorizations, if any.
12
The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund’s financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.
The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).
Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.
Various inputs are used in determining the value of the fund’s investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:
Level 1—unadjusted quoted prices in active markets for identical investments.
Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).
Level 3—significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments).
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund’s investments are as follows:
Investments in municipal securities and instruments generally will be valued, to the extent possible, by one or more independent pricing services (the “Service”). When, in the judgment of the Service, quoted bid prices for investments are readily available and are representative of the bid side of the market, these investments are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as calculated by the Service based upon its evaluation of the market for such securities). The value of other municipal securities and instruments is determined by the Service based on methods which include consideration of: yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. The Services are engaged under the general supervision of the fund’s Board of Directors (the “Board”). Overnight and certain other short-term debt securities and instruments (excluding Treasury bills) will be valued by the amortized cost method, which approximates fair value, unless a Service provides a valuation for such security or, in the opinion of the board or a committee or other persons designated by the Board, such as the Adviser, the amortized cost method would not represent fair value. These securities are generally categorized within Level 2 of the fair value hierarchy.
Restricted securities, as well as securities or other assets for which recent market quotations or official closing prices are not readily available or are determined not to reflect accurately fair value (such as when the value of a security has been materially affected by events occurring after the close of the exchange or market on which the security is principally traded, but before the fund calculates its net asset value (“NAV”)), or which are not valued by the Service, are valued at fair value as determined in good faith based on procedures approved by the Board. Fair value of investments is determined by the Adviser, as the fund’s valuation designee pursuant to Rule 2a-5 under the Act, using such information as it deems appropriate under the circumstances. The factors that may be considered when fair valuing a security include fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. Using fair value to price investments may result in a value that is different from a security’s most recent closing price and from the prices used by other mutual funds to calculate their NAVs. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.
At August 31, 2026, accumulated net unrealized depreciation on investments was $19,371,643, consisting of $3,199,359 gross unrealized appreciation and $22,571,002 gross unrealized depreciation.
13
At August 31, 2026, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Schedule of Investments).
Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.
14