DWS California Tax-Free Income Instl (DCLIX)
| Fund Assets | 316.44M |
| Expense Ratio | 0.56% |
| Min. Investment | $1,000,000 |
| Turnover | 58.00% |
| Dividend (ttm) | 0.24 |
| Dividend Yield | 3.62% |
| Dividend Growth | 10.20% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 24, 2026 |
| Previous Close | 6.66 |
| YTD Return | 2.34% |
| 1-Year Return | 7.48% |
| 5-Year Return | 1.24% |
| 52-Week Low | 6.29 |
| 52-Week High | 6.70 |
| Beta (5Y) | n/a |
| Holdings | 193 |
| 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 7.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.71%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 24, 2026 | $0.02038 | Jun 24, 2026 |
| May 22, 2026 | $0.01935 | May 22, 2026 |
| Apr 24, 2026 | $0.02184 | Apr 24, 2026 |
| Mar 25, 2026 | $0.020 | Mar 25, 2026 |
| Feb 23, 2026 | $0.01961 | Feb 23, 2026 |
| Jan 27, 2026 | $0.02196 | Jan 27, 2026 |