N-Q 1 form928.htm FORM N-Q form928.htm - Generated by SEC Publisher for SEC Filing

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANY

Investment Company Act file number

811-3757

 

 

 

DREYFUS PREMIER CALIFORNIA AMT-FREE MUNICIPAL BOND FUND, INC.

- Dreyfus California AMT-Free Municipal Bond Fund

 

 

(Exact name of Registrant as specified in charter)

 

 

 

 

 

 

c/o The Dreyfus Corporation

200 Park Avenue

New York, New York  10166

 

 

(Address of principal executive offices)        (Zip code)

 

 

 

 

 

Michael A. Rosenberg, Esq.

200 Park Avenue

New York, New York  10166

 

 

(Name and address of agent for service)

 

 

Registrant's telephone number, including area code: 

(212) 922-6000

 

 

Date of fiscal year end:

 

05/31     

 

Date of reporting period:

8/31/10

 

 

 

 

 

FORM N-Q

Item 1.                        Schedule of Investments.

-2-

 

STATEMENT OF INVESTMENTS 
Dreyfus California AMT-Free Municipal Bond Fund 
August 31, 2010 (Unaudited) 

 

Long-Term Municipal  Coupon  Maturity  Principal   
Investments--98.2%  Rate (%)  Date  Amount ($)  Value ($) 
California--90.9%         
ABAG Finance Authority for         
Nonprofit Corporations,         
Insured Revenue (Sansum-Santa         
Barbara Medical Foundation         
Clinic)  5.50  4/1/21  3,500,000  3,573,710 
ABAG Finance Authority for         
Nonprofit Corporations,         
Revenue (San Diego Hospital         
Association)  5.38  3/1/21  4,000,000  4,139,680 
Alameda Corridor Transportation         
Authority, Revenue (Insured;         
National Public Finance         
Guarantee Corp.)  5.13  10/1/16  2,000,000  2,024,260 
Bay Area Toll Authority,         
San Francisco Bay Area Toll         
Bridge Revenue  5.25  4/1/24  17,580,000  20,684,276 
Bay Area Toll Authority,         
San Francisco Bay Area Toll         
Bridge Revenue  5.00  4/1/34  15,000,000  16,119,600 
Bay Area Toll Authority,         
San Francisco Bay Area Toll         
Bridge Revenue  5.50  4/1/43  11,720,000  12,944,388 
Brentwood Infrastructure Financing         
Authority, Water Revenue  5.75  7/1/38  4,250,000  4,735,095 
California,         
Economic Recovery Bonds  5.00  7/1/20  10,000,000  11,939,600 
California,         
GO (Various Purpose)  5.25  3/1/30  15,000,000  15,975,300 
California,         
GO (Various Purpose)  5.75  4/1/31  4,500,000  4,982,760 
California,         

 


GO (Various Purpose)  6.50  4/1/33  30,000,000  35,223,600 
California,         
GO (Various Purpose)  5.50  3/1/40  20,000,000  21,508,200 
California Department of Veteran         
Affairs, Home Purchase Revenue  5.20  12/1/28  8,530,000  8,538,530 
California Department of Water         
Resources, Power Supply Revenue  5.00  5/1/21  7,500,000  8,778,825 
California Department of Water         
Resources, Water System         
Revenue (Central Valley         
Project)  5.00  12/1/26  7,500,000  8,482,950 
California Department of Water         
Resources, Water System         
Revenue (Central Valley         
Project)  5.00  12/1/27  11,600,000  13,035,268 
California Department of Water         
Resources, Water System         
Revenue (Central Valley         
Project) (Prerefunded)  5.50  12/1/11  225,000 a  239,881 
California Educational Facilities         
Authority, Revenue (Pooled         
College and University         
Projects)  5.63  6/30/23  135,000  173,426 
California Educational Facilities         
Authority, Revenue (Pooled         
College and University         
Projects)  5.63  7/1/23  210,000  178,345 
California Educational Facilities         
Authority, Revenue (University         
of Southern California)  4.50  10/1/33  14,125,000  14,412,302 
California Educational Facilities         
Authority, Revenue (University         
of Southern California)  5.25  10/1/38  9,500,000  10,516,880 
California Health Facilities         
Financing Authority, Health         
Facility Revenue (Adventist         
Health System/West)  5.00  3/1/17  870,000  904,574 
California Health Facilities         
Financing Authority, Health         
Facility Revenue (Adventist         

 


Health System/West)  5.00  3/1/18  1,000,000  1,034,400 
California Health Facilities         
Financing Authority, Revenue         
(Catholic Healthcare West)  5.63  7/1/32  5,875,000  6,127,742 
California Health Facilities         
Financing Authority, Revenue         
(Scripps Health)  5.00  11/15/36  9,500,000  9,731,705 
California Health Facilities         
Financing Authority, Revenue         
(Sutter Health)  5.25  8/15/22  6,000,000  6,626,160 
California Health Facilities         
Financing Authority, Revenue         
(Sutter Health)  6.25  8/15/35  7,465,000  7,548,235 
California Health Facilities         
Financing Authority, Revenue         
(Sutter Health) (Insured;         
National Public Finance         
Guarantee Corp.)  5.35  8/15/28  2,290,000  2,302,206 
California Housing Finance Agency,         
Home Mortgage Revenue  5.50  8/1/38  16,195,000  16,450,233 
California Infrastructure and         
Economic Development Bank,         
Revenue (Kaiser Hospital         
Assistance I-LLC)  5.55  8/1/31  21,900,000  22,400,853 
California Infrastructure and         
Economic Development Bank,         
Revenue (Performing Arts         
Center of Los Angeles County)  5.00  12/1/27  1,000,000  1,042,820 
California Infrastructure and         
Economic Development Bank,         
Revenue (The J. Paul Getty         
Trust)  4.00  12/1/11  2,515,000  2,614,267 
California Municipal Finance         
Authority, COP (Community         
Hospitals of Central         
California Obligated Group)  5.25  2/1/27  6,750,000  6,782,535 
California Pollution Control         
Financing Authority, PCR (San         
Diego Gas and Electric         
Company) (Insured; National         

 


Public Finance Guarantee Corp.)  5.90  6/1/14  19,330,000  22,260,621 
California Pollution Control         
Financing Authority, Revenue         
(San Jose Water Company         
Project)  5.10  6/1/40  5,500,000  5,650,590 
California Pollution Control         
Financing Authority, Water         
Facilities Revenue (American         
Water Capital Corporation         
Project)  5.25  8/1/40  6,000,000 b  6,115,920 
California Public Works Board,         
LR (Department of Corrections,         
Calipatria State Prison,         
Imperial County) (Insured;         
National Public Finance         
Guarantee Corp.)  6.50  9/1/17  13,000,000  14,566,370 
California Public Works Board,         
LR (Department of Health         
Services-Richmond Laboratory,         
Phase III Office Building)         
(Insured; XLCA)  5.00  11/1/19  1,680,000  1,776,751 
California Public Works Board,         
LR (Various University of         
California Projects)  5.50  6/1/14  5,000,000  5,325,100 
California State University         
Fresno Association Inc.,         
Auxiliary Organization Event         
Center Revenue (Prerefunded)  6.00  7/1/12  5,250,000 a  5,822,617 
California State University         
Trustees, Systemwide Revenue  5.00  11/1/27  2,510,000  2,725,960 
California State University         
Trustees, Systemwide Revenue  5.00  11/1/28  5,000,000  5,395,550 
California State University         
Trustees, Systemwide Revenue         
(Insured; National Public         
Finance Guarantee Corp.)  5.00  11/1/26  10,485,000  11,345,609 
California Statewide Communities         
Development Authority, COP         
(The Internext Group)  5.38  4/1/30  20,000,000  19,283,600 
California Statewide Communities         

 


Development Authority, Health         
Facility Revenue (Adventist         
Health System/West)  5.00  3/1/35  7,380,000  7,385,904 
California Statewide Communities         
Development Authority, Insured         
Revenue (Saint Joseph Health         
System) (Insured; FGIC)  5.75  7/1/47  10,000,000  10,542,000 
California Statewide Communities         
Development Authority, Insured         
Revenue (Saint Joseph Health         
System) (Insured; National         
Public Finance Guarantee Corp.)  5.13  7/1/24  5,000,000  5,319,450 
California Statewide Communities         
Development Authority, Revenue         
(Daughters of Charity Health         
System)  5.25  7/1/24  8,205,000  8,164,549 
California Statewide Communities         
Development Authority, Revenue         
(Daughters of Charity Health         
System)  5.25  7/1/35  10,770,000  9,656,382 
California Statewide Communities         
Development Authority, Revenue         
(Inland Regional Center         
Project)  5.25  12/1/27  9,000,000  8,770,140 
California Statewide Communities         
Development Authority, Revenue         
(Kaiser Permanente)  5.50  11/1/32  13,500,000  13,705,200 
California Statewide Communities         
Development Authority, Revenue         
(Saint Ignatius College         
Preparatory) (Insured; AMBAC)  5.00  6/1/32  5,635,000  5,684,363 
California Statewide Communities         
Development Authority, Revenue         
(Sutter Health)  5.50  8/15/28  14,000,000  14,833,980 
California Statewide Communities         
Development Authority, Revenue         
(The California Endowment)  5.25  7/1/20  2,280,000  2,544,571 
California Statewide Communities         
Development Authority, Revenue         
(The California Endowment)  5.00  7/1/28  15,360,000  16,019,866 

 


California Statewide Communities         
Development Authority, Revenue         
(The California Endowment)  5.00  7/1/33  19,710,000  20,335,990 
California Statewide Communities         
Development Authority, Revenue         
(The California Endowment)  5.00  7/1/36  14,355,000  14,772,013 
California Statewide Communities         
Development Authority, School         
Facility Revenue (Aspire         
Public Schools)  6.00  7/1/40  10,000,000  10,229,200 
California Statewide Communities         
Development Authority, Student         
Housing Revenue (CHF-Irvine,         
LLC-UCI East Campus         
Apartments, Phase II)  5.75  5/15/32  4,500,000  4,701,555 
Capistrano Unified School District         
(Ladera) Community Facilities         
District Number 98-2, Special         
Tax Bonds (Insured; National         
Public Finance Guarantee Corp.)  5.00  9/1/19  3,545,000  3,725,866 
Capistrano Unified School         
District, School Facilities         
Improvement District Number 1         
(Insured; National Public         
Finance Guarantee Corp.)  6.00  8/1/24  2,075,000  2,104,091 
Carson Redevelopment Agency,         
Tax Allocation Revenue         
(Redevelopment Project Area         
Number 1) (Insured; National         
Public Finance Guarantee Corp.)  5.50  10/1/13  1,000,000  1,097,990 
Central California Joint Powers         
Health Financing Authority,         
COP (Community Hospitals of         
Central California Obligated         
Group) (Prerefunded)  5.75  2/1/11  2,500,000 a  2,582,325 
Chabot-Las Positas Community         
College District, GO (Insured;         
AMBAC)  0.00  8/1/22  3,000,000 c  1,751,370 
Chabot-Las Positas Community         
College District, GO (Insured;         
AMBAC)  0.00  8/1/32  10,000,000 c  2,599,900 

 


Chino Valley Unified School         
District, GO (Insured;         
National Public Finance         
Guarantee Corp.)  5.25  8/1/30  10,000,000  10,403,100 
Coast Community College
District, 		        
GO (Insured; Assured Guaranty         
Municipal Corp.)  0/5.00  8/1/29  15,565,000 d  13,827,946 
Compton Public Finance
Authority, 		        
LR (Various Capital Projects)         
(Insured; AMBAC)  5.25  9/1/27  13,355,000  13,944,223 
Delano,         
COP (Delano Regional Medical         
Center)  5.25  1/1/18  11,325,000  11,346,178 
Fontana Community Facilities         
District Number 2, Senior         
Special Tax Revenue (Village         
of Heritage) (Insured;         
National Public Finance         
Guarantee Corp.)  5.25  9/1/17  10,000,000  10,059,200 
Fontana Public Financing         
Authority, Tax Allocation         
Revenue (North Fontana         
Redevelopment Project)         
(Insured; AMBAC)  5.50  9/1/32  13,800,000  13,886,802 
Foothill-De Anza
Community College 		        
District, GO (Insured; AMBAC)  5.00  8/1/22  10,350,000  11,739,798 
Foothill/Eastern Transportation         
Corridor Agency, Toll Road         
Revenue  5.75  1/15/40  1,745,000  1,718,110 
Foothill/Eastern Transportation         
Corridor Agency, Toll Road         
Revenue (Insured; National         
Public Finance Guarantee Corp.)  5.25  1/15/12  4,550,000  4,598,048 
Foothill/Eastern Transportation         
Corridor Agency, Toll Road         
Revenue (Insured; National         
Public Finance Guarantee Corp.)  5.13  1/15/19  2,000,000  2,002,560 
Fullerton Community Facilities         
District Number 1, Special Tax         
Revenue (Amerige Heights)  6.20  9/1/32  2,500,000  2,516,300 

 


Golden State Tobacco         
Securitization Corporation,         
Enhanced Tobacco Settlement         
Asset-Backed Bonds (Insured;         
Assured Guaranty Municipal         
Corp.)  4.55  6/1/22  1,725,000  1,670,973 
Golden State Tobacco         
Securitization Corporation,         
Tobacco Settlement         
Asset-Backed Bonds  4.50  6/1/27  24,160,000  21,880,021 
Golden State Tobacco         
Securitization Corporation,         
Tobacco Settlement         
Asset-Backed Bonds  5.00  6/1/33  10,000,000  7,920,400 
Golden State Tobacco         
Securitization Corporation,         
Tobacco Settlement         
Asset-Backed Bonds         
(Prerefunded)  6.75  6/1/13  14,770,000 a  17,247,224 
Grossmont Union High School         
District, GO (Insured; Assured         
Guaranty Municipal Corp.)  0.00  8/1/21  4,375,000 c  2,853,900 
Grossmont Union High School         
District, GO (Insured; Assured         
Guaranty Municipal Corp.)  0.00  8/1/22  4,605,000 c  2,812,089 
Grossmont Union High School         
District, GO (Insured; Assured         
Guaranty Municipal Corp.)  0.00  8/1/23  4,850,000 c  2,722,062 
Grossmont Union High School         
District, GO (Insured; Assured         
Guaranty Municipal Corp.)  0.00  8/1/26  3,265,000 c  1,426,642 
Kaweah Delta Health Care District,         
Revenue (Prerefunded)  6.00  8/1/12  9,000,000 a  10,129,680 
Lincoln Community Facilities         
District Number 2003-1,         
Special Tax Bonds (Lincoln         
Crossing Project) (Prerefunded)  5.65  9/1/13  1,125,000 a  1,314,574 
Los Angeles,         
Wastewater System Revenue         
(Insured; Assured Guaranty         

 


Municipal Corp.)  5.00  6/1/32  6,050,000  6,393,398 
Los Angeles,         
Wastewater System Revenue         
(Insured; National Public         
Finance Guarantee Corp.)  4.75  6/1/35  7,800,000  7,970,742 
Los Angeles Department of         
Airports, Senior Revenue (Los         
Angeles International Airport)  5.25  5/15/29  16,090,000  17,943,568 
Los Angeles Department of         
Airports, Senior Revenue (Los         
Angeles International Airport)  5.00  5/15/35  25,000,000  26,294,000 
Los Angeles Department of Water         
and Power, Power System Revenue  5.00  7/1/30  4,250,000  4,495,692 
Los Angeles Harbor Department,         
Revenue  5.25  8/1/25  26,055,000  29,962,208 
Los Angeles Unified School         
District, GO (Insured;         
National Public Finance         
Guarantee Corp.)  5.75  7/1/15  3,000,000  3,610,110 
Metropolitan Water District of         
Southern California, Water         
Revenue  5.00  1/1/39  5,000,000  5,434,200 
Midpeninsula Regional Open Space         
District Financing Authority,         
Revenue (Insured; AMBAC)  0.00  9/1/15  2,825,000 c  2,627,589 
Murrieta Valley Unified School         
District, GO (Insured;         
National Public Finance         
Guarantee Corp.)  0.00  9/1/21  4,950,000 c  2,958,912 
Natomas Unified School District,         
GO (Insured; National Public         
Finance Guarantee Corp.)  5.95  9/1/21  2,500,000  2,969,175 
Northern California Power Agency,         
Revenue (Hydroelectric Project         
Number 1) (Insured; AMBAC)         
(Prerefunded)  7.00  1/1/16  670,000 a  869,560 
Northern California Power Agency,         
Revenue (Hydroelectric Project         
Number 1) (Insured; AMBAC)         
(Prerefunded)  7.50  7/1/21  375,000 a  520,118 

 


Northern California Power Agency,         
Revenue (Hydroelectric Project         
Number 1) (Insured; National         
Public Finance Guarantee Corp.)  6.30  7/1/18  26,400,000  31,013,664 
Oakland Unified School District,         
GO (Insured; National Public         
Finance Guarantee Corp.)  5.25  8/1/24  17,275,000  17,980,166 
Orange County Community Facilities         
District (Landera Ranch)         
Special Tax Number 3  5.60  8/15/28  3,250,000  3,277,853 
Orange County Community Facilities         
District (Landera Ranch)         
Special Tax Number 3  5.63  8/15/34  6,000,000  6,019,200 
Pomona,         
COP (General Fund Lease         
Financing) (Insured; AMBAC)  5.50  6/1/28  1,000,000  1,061,890 
Pomona Redevelopment Agency,         
Tax Allocation Revenue (West         
Holt Avenue Redevelopment         
Project)  5.50  5/1/32  3,000,000  3,113,940 
Rancho California Water District         
Financing Authority, Revenue         
(Insured; Assured Guaranty         
Municipal Corp.)  5.00  8/1/28  8,965,000  9,665,704 
Rancho Cucamonga Redevelopment         
Agency, Tax Allocation Revenue         
(Rancho Development Project)         
(Insured; National Public         
Finance Guarantee Corp.)  5.38  9/1/25  7,485,000  7,547,949 
Rancho Mirage Joint Powers         
Financing Authority, Revenue         
(Eisenhower Medical Center)         
(Prerefunded)  5.63  7/1/14  10,430,000 a  12,380,306 
Riverside County Public Financing         
Authority, Tax Allocation         
Revenue (Redevelopment         
Projects) (Insured; XLCA)  5.25  10/1/18  1,275,000  1,325,439 
Sacramento County,         
Airport System Senior Revenue  5.00  7/1/24  5,090,000  5,521,734 
Sacramento County,         

 


Airport System Senior Revenue  5.13  7/1/25  5,890,000  6,397,541 
Sacramento County,         
Airport System Senior Revenue  5.00  7/1/40  5,000,000  5,148,500 
Sacramento County Water Financing         
Authority, Revenue (Sacramento         
County Water Agency Zones 40         
and 41 Water System Project)         
(Insured; National Public         
Finance Guarantee Corp.)  5.00  6/1/25  10,845,000  11,463,924 
Sacramento Municipal Utility         
District, Electric Revenue         
(Insured; National Public         
Finance Guarantee Corp.)  6.50  9/1/13  6,930,000  7,415,239 
San Bernardino County,         
COP (Capital Facilities         
Project)  6.88  8/1/24  5,000,000  6,879,850 
San Diego County,         
COP (Burnham Institute for         
Medical Research)  5.00  9/1/24  2,265,000  2,204,978 
San Diego County,         
COP (Burnham Institute for         
Medical Research)  5.00  9/1/34  9,880,000  9,005,620 
San Diego Public Facilities         
Financing Authority, Senior         
Sewer Revenue  5.25  5/15/34  8,045,000  8,790,047 
San Diego Public Facilities         
Financing Authority, Water         
Revenue  5.25  8/1/28  6,000,000  6,838,140 
San Diego Public Facilities         
Financing Authority, Water         
Revenue  5.13  8/1/29  6,470,000  7,120,753 
San Diego Unified School District,         
GO (Insured; Assured Guaranty         
Municipal Corp.)  5.25  7/1/16  1,465,000  1,655,157 
San Francisco City and County         
COP (San Bruno Jail Number 3)         
(Insured; AMBAC)  5.25  10/1/21  2,985,000  2,995,507 
San Francisco City and County         
Airport Commission, San         
Francisco International         

 


Airport Second Series Revenue         
(Issue 32F) (Insured; National         
Public Finance Guarantee Corp.)  5.00  5/1/21  1,000,000  1,108,250 
San Francisco City and County         
Airport Commission, San         
Francisco International         
Airport Second Series Revenue         
(Issue 34D)  5.25  5/1/26  4,000,000  4,427,240 
San Francisco City and County         
Public Utilities Commission,         
San Francisco Water Revenue  5.00  11/1/27  11,000,000  12,426,480 
San Francisco City and County         
Public Utilities Commission,         
San Francisco Water Revenue         
(Insured; Assured Guaranty         
Municipal Corp.)  5.00  11/1/24  13,185,000  15,193,735 
San Francisco City and County         
Redevelopment Agency,         
Community Facilities District         
Number 6 (Mission Bay South         
Public Improvements)  0.00  8/1/18  445,000 c  292,823 
San Francisco City and County         
Redevelopment Agency,         
Community Facilities District         
Number 6 (Mission Bay South         
Public Improvements)  0.00  8/1/21  500,000 c  268,425 
Santa Rosa,         
Wastewater Revenue (Insured;         
Assured Guaranty Municipal         
Corp.)  5.25  9/1/24  5,110,000  5,688,503 
Sequoia Union High School         
District, GO (Insured; Assured         
Guaranty Municipal Corp.)  5.00  7/1/24  2,695,000  2,944,395 
Simi Valley School Financing         
Authority, GO Revenue (Simi         
Valley Unified School         
District, GO Bond) (Insured;         
Assured Guaranty Municipal         
Corp.)  5.00  8/1/27  6,500,000  7,177,365 
Southern California Public Power         
Authority, Revenue (Canyon         

 


Power Project)  5.25  7/1/27  7,485,000  8,655,429 
Southern California Public Power         
Authority, Revenue (Milford         
Wind Corridor Phase I Project)  5.00  7/1/29  11,865,000  13,097,062 
Southern California Public Power         
Authority, Revenue (Windy         
Point/Windy Flats Project)  5.00  7/1/27  13,765,000 e  15,512,467 
Tobacco Securitization Authority         
of Northern California,         
Tobacco Settlement         
Asset-Backed Bonds (Sacramento         
County Tobacco Securitization         
Corporation)  5.38  6/1/38  20,000,000  15,679,800 
Tobacco Securitization Authority         
of Southern California,         
Tobacco Settlement         
Asset-Backed Bonds (San Diego         
County Tobacco Asset         
Securitization Corporation)  4.75  6/1/25  1,940,000  1,820,244 
Torrance Redevelopment Agency,         
Tax Allocation Revenue  5.63  9/1/28  500,000  456,695 
Tuolumne Wind Project Authority,         
Revenue (Tuolumne Company         
Project)  5.63  1/1/29  8,000,000  8,958,240 
Turlock Irrigation District,         
Revenue  5.00  1/1/25  5,610,000  6,222,949 
Turlock Irrigation District,         
Revenue  5.00  1/1/26  8,120,000  8,912,674 
University of California Regents,         
General Revenue  5.25  5/15/28  10,000,000  11,299,000 
University of California Regents,         
General Revenue  5.75  5/15/31  8,000,000  9,396,080 
University of California Regents,         
Medical Center Pooled Revenue  5.25  5/15/19  10,000,000  11,420,900 
West Covina Redevelopment Agency,         
Community Facilities District,         
Special Tax Revenue (Fashion         
Plaza)  6.00  9/1/17  6,000,000  6,814,500 
West Covina Redevelopment Agency,         
Community Facilities District,         

 


Special Tax Revenue (Fashion         
Plaza)  6.00  9/1/22  11,325,000  13,195,097 
West Kern Community College         
District, GO (Insured; XLCA)  0.00  11/1/20  1,000,000 c  628,410 
Whittier,         
Health Facility Revenue         
(Presbyterian Intercommunity         
Hospital) (Prerefunded)  5.75  6/1/12  10,090,000 a  11,153,587 
Yorba Linda Water District,         
Revenue, COP (Capital         
Improvement Projects)  5.00  10/1/38  3,000,000  3,140,940 
U.S. Related--7.3%         
Government of Guam,         
LOR (Section 30)  5.63  12/1/29  2,850,000  3,030,291 
Puerto Rico Commonwealth,         
Public Improvement GO  5.25  7/1/22  2,000,000  2,104,360 
Puerto Rico Electric Power         
Authority, Power Revenue  5.00  7/1/28  6,040,000  6,338,799 
Puerto Rico Electric Power         
Authority, Power Revenue  5.25  7/1/28  5,000,000  5,410,700 
Puerto Rico Electric Power         
Authority, Power Revenue  5.25  7/1/40  10,000,000  10,484,700 
Puerto Rico Electric Power         
Authority, Power Revenue         
(Insured; National Public         
Finance Guarantee Corp.)  5.25  7/1/30  10,000,000  11,116,300 
Puerto Rico Highways and         
Transportation Authority,         
Highway Revenue (Insured;         
Assured Guaranty Municipal         
Corp.)  6.25  7/1/16  3,000,000  3,607,890 
Puerto Rico Highways and         
Transportation Authority,         
Highway Revenue (Insured;         
National Public Finance         
Guarantee Corp.)  5.50  7/1/13  4,750,000  5,021,795 
Puerto Rico Infrastructure         
Financing Authority, Special         
Tax Revenue (Insured; AMBAC)  5.50  7/1/28  10,200,000  11,281,710 

 


Puerto Rico Public Buildings         
Authority, Government Facility         
Revenue  5.50  7/1/16  1,500,000  1,675,425 
Puerto Rico Sales Tax Financing         
Corporation, Sales Tax Revenue         
(First Subordinate Series)  5.38  8/1/39  5,000,000  5,281,500 
Puerto Rico Sales Tax Financing         
Corporation, Sales Tax Revenue         
(First Subordinate Series)  6.38  8/1/39  4,500,000  5,078,655 
Puerto Rico Sales Tax Financing         
Corporation, Sales Tax Revenue         
(First Subordinate Series)  6.00  8/1/42  7,500,000  8,237,550 
University of Puerto Rico,         
University System Revenue  5.00  6/1/23  10,000,000  10,235,900 
Virgin Islands Public Finance         
Authority, Revenue  7.30  10/1/18  3,100,000  3,848,185 
Virgin Islands Public Finance         
Authority, Revenue (Virgin         
Islands Gross Receipts Taxes         
Loan Note)  5.63  10/1/10  345,000  346,259 
Virgin Islands Public Finance         
Authority, Revenue (Virgin         
Islands Matching Fund Loan         
Notes)  5.00  10/1/25  5,000,000  5,307,050 
Total Long-Term Municipal
Investments 		        
(cost $1,232,154,653)        1,315,758,561 
Short-Term Municipal  Coupon  Maturity  Principal   
Investments--1.4%  Rate (%)  Date  Amount ($)  Value ($) 
California;         
California,         
GO Notes         
(Kindergarten-University)         
(LOC: California Teachers         
Retirement System and Citibank         
NA)  0.25  9/1/10  17,200,000 f  17,200,000 
California Infrastructure and         
Economic Development Bank,         
Revenue (Orange County         
Performing Arts Center) (LOC;         
Bank of America)  0.26  9/1/10  1,600,000 f  1,600,000 

 


Total Short-Term Municipal Investments     
(cost $18,800,000)    18,800,000 
Total Investments (cost $1,250,954,653)  99.6%  1,334,558,561 
Cash and Receivables (Net)  .4%  4,887,055 
Net Assets  100.0%  1,339,445,616 

 

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     

Security exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions exempt from registration, normally to qualified institutional buyers. At August 31, 2010, this security had a total market value of $6,115,920 or 0.5% of net assets.

c     

Security issued with a zero coupon. Income is recognized through the accretion of discount.

d     

Zero coupon until a specified date at which time the stated coupon rate becomes effective until maturity.

e     

Purchased on a delayed delivery basis.

f     

Variable rate demand note - rate shown is the interest rate in effect at August 31, 2010. Maturity date represents the next demand date, or the ultimate maturity date if earlier.

At August 31, 2010, the aggregate cost of investment securities for income tax purposes was $1,250,954,653. Net unrealized appreciation on investments was $83,603,908 of which $89,413,044 related to appreciated investment securities and $5,809,136 related to depreciated investment securities.

Summary of Abbreviations     
ABAG  Association of Bay Area Governments  ACA  American Capital Access 
AGC  ACE Guaranty Corporation  AGIC  Asset Guaranty Insurance Company 
AMBAC  American Municipal Bond Assurance Corporation  ARRN  Adjustable Rate Receipt Notes 
BAN  Bond Anticipation Notes  BPA  Bond Purchase Agreement 
CIFG  CDC Ixis Financial Guaranty  COP  Certificate of Participation 
CP  Commercial Paper  EDR  Economic Development Revenue 
EIR  Environmental Improvement Revenue  FGIC  Financial Guaranty Insurance Company 
FHA  Federal Housing Administration  FHLB  Federal Home Loan Bank 

 


FHLMC  Federal Home Loan Mortgage Corporation  FNMA  Federal National Mortgage Association 
GAN  Grant Anticipation Notes  GIC  Guaranteed Investment Contract 
GNMA  Government National Mortgage Association  GO  General Obligation 
HR  Hospital Revenue  IDB  Industrial Development Board 
IDC  Industrial Development Corporation  IDR  Industrial Development Revenue 
LOC  Letter of Credit  LOR  Limited Obligation Revenue 
LR  Lease Revenue  MFHR  Multi-Family Housing Revenue 
MFMR  Multi-Family Mortgage Revenue  PCR  Pollution Control Revenue 
PILOT  Payment in Lieu of Taxes  PUTTERS  Puttable Tax-Exempt Receipts 
RAC  Revenue Anticipation Certificates  RAN  Revenue Anticipation Notes 
RAW  Revenue Anticipation Warrants  RRR  Resources Recovery Revenue 
SAAN  State Aid Anticipation Notes  SBPA  Standby Bond Purchase Agreement 
SFHR  Single Family Housing Revenue  SFMR  Single Family Mortgage Revenue 
SONYMA  State of New York Mortgage Agency  SWDR  Solid Waste Disposal Revenue 
TAN  Tax Anticipation Notes  TAW  Tax Anticipation Warrants 
TRAN  Tax and Revenue Anticipation Notes  XLCA  XL Capital Assurance 

 


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. 
The following is a summary of the inputs used as of August 31, 2010 in valuing the fund's investments: 

 

  Level 1 - Unadjusted  Level 2 - Other Significant  Level 3 -Significant   
Assets ($)  Quoted Prices  Observable Inputs  Unobservable Inputs  Total 
Investments in Securities:         
Municipal Bonds  -  1,334,558,561  -  1,334,558,561 

 


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'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.

Portfolio valuation: Investments in securities are valued each business day by an independent pricing service (the “Service”) approved by the Board of Directors. Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of the Service 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). Other investments (which constitute a majority of the portfolio securities) are carried at fair value as determined by the Service, based on methods which include consideration of: yields or prices of municipal securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. Options and financial futures on municipal and U.S.Treasury securities are valued at the last sales price on the securities exchange on which such securities are primarily traded or at the last sales price on the national securities market on each business day.

The fund adopted the provisions of ASC Topic 815 “Derivatives and Hedging” which requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments and disclosures about credit-risk-related contingent features in derivative agreements. The fund held no derivatives during the period ended August 31, 2010.

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the Securities and Exchange Commission on Form N-CSR.

 

Item 2.                        Controls and Procedures.

(a)        The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b)        There were no changes to the Registrant's internal control over financial reporting that occurred during the Registrant's most recently ended fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting. 

Item 3.                        Exhibits.

(a)        Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

DREYFUS PREMIER CALIFORNIA AMT-FREE MUNICIPAL BOND FUND, INC.

-          Dreyfus California AMT-Free Municipal Bond Fund

 

By:       /s/ Bradley J. Skapyak

            Bradley J. Skapyak

            President

 

Date:    October 26, 2010

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

 

By:       /s/ Bradley J. Skapyak

            Bradley J. Skapyak

            President

 

Date:    October 26, 2010

 

By:       /s/ James Windels

            James Windels

            Treasurer

 

Date:    October 26, 2010

 

EXHIBIT INDEX

(a)        Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.  (EX-99.CERT)

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