DWS California Tax-Free Income Instl (DCLIX)
| Fund Assets | 311.30M |
| Expense Ratio | 0.57% |
| Min. Investment | $1,000,000 |
| Turnover | 58.00% |
| Dividend (ttm) | 0.23 |
| Dividend Yield | 3.47% |
| Dividend Growth | 5.32% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 27, 2026 |
| Previous Close | 6.64 |
| YTD Return | 0.91% |
| 1-Year Return | 3.91% |
| 5-Year Return | 1.69% |
| 52-Week Low | 6.15 |
| 52-Week High | 6.65 |
| Beta (5Y) | n/a |
| Holdings | 183 |
| Inception Date | Dec 1, 2020 |
About DCLIX
DWS California Tax-Free Income Fund Institutional Class is a municipal bond mutual fund designed to provide a high level of current income that is exempt from both California state and federal income taxes. It primarily invests at least 80% of its net assets in municipal securities whose income is free from regular federal and California state income tax, making it particularly relevant for institutional investors seeking tax-advantaged income in California. The fund may allocate up to 20% of its net assets to securities whose income is subject to the federal alternative minimum tax. Its portfolio typically features a blend of revenue bonds and general obligation bonds issued by California municipalities, with a target duration in the range of 5 to 9 years. This institutional share class requires a minimum investment of $1,000,000 and has an expense ratio of 0.54% as of the latest reporting. DWS California Tax-Free Income Fund Institutional Class plays a significant role in the tax-exempt fixed income market, serving the needs of institutions and affluent investors looking to manage tax liability while drawing reliable monthly income from a diversified pool of municipal bonds.
Performance
DCLIX had a total return of 3.91% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.93%.
Top 10 Holdings
18.65% of assets| Name | Symbol | Weight |
|---|---|---|
| M-S-R ENERGY AUTH CALIF GAS REV 7% | CA.MSRPWR 7 11.01.2034 | 2.64% |
| FEDERAL HOME LN MTG CORP MULTIFAMILY VAR RATE CTFS RELATING TO MUN SECS 2.3 | CA.FEDMFH 2.35 12.15.2035 | 2.54% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 07.01.2053 | 1.83% |
| CALIFORNIA ST ENTERPRISE DEV AUTH REV 5% | CA.CASDEV 5 08.01.2040 | 1.79% |
| MANTECA CALIF UNI SCH DIST 5.25% | CA.MANSCD 5.25 08.01.2050 | 1.72% |
| SAN DIEGO CALIF PUB FACS FING AUTH LEASE REV 5.25% | CA.SDOFAC 5.25 10.15.2055 | 1.72% |
| COLTON CALIF JT UNI SCH DIST 5% | CA.COLSCD 5 08.01.2055 | 1.68% |
| SAN JOSE CALIF FING AUTH WASTEWATER REV 5% | CA.SJSUTL 5 11.01.2052 | 1.68% |
| IRVINE CALIF SPL TAX 5% | CA.IRVGEN 5 09.01.2055 | 1.67% |
| CALIFORNIA ST 5% | CA.CAS 5 11.01.2042 | 1.38% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 27, 2026 | $0.02196 | Jan 27, 2026 |
| Dec 24, 2025 | $0.02124 | Dec 24, 2025 |
| Nov 21, 2025 | $0.01785 | Nov 21, 2025 |
| Oct 27, 2025 | $0.02107 | Oct 27, 2025 |
| Sep 24, 2025 | $0.01976 | Sep 24, 2025 |
| Aug 25, 2025 | $0.01794 | Aug 25, 2025 |