DWS California Tax-Free Income Instl (DCLIX)

Fund Assets	311.78M
Expense Ratio	0.56%
Min. Investment	$1,000,000
Turnover	58.00%
Dividend (ttm)	0.24
Dividend Yield	3.74%
Dividend Growth	10.13%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 27, 2026

Previous Close	6.50
YTD Return	0.81%
1-Year Return	5.73%
5-Year Return	0.05%
52-Week Low	6.36
52-Week High	6.70
Beta (5Y)	n/a
Holdings	198
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.

• Fund Family: DWS
• Category: Muni California Long
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: DCLIX
• Share Class: Institutional Class
• Index: Bloomberg Municipal Bond TR

Performance

DCLIX had a total return of 5.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.43%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
SDCSX	Class S	0.56%
KCTAX	Class A	0.81%
KCTCX	Class C	1.56%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 27, 2026	$0.02187	Jul 27, 2026
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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