DWS California Tax-Free Income Fund - Class A (KCTAX)
| Fund Assets | 375.72M |
| Expense Ratio | 0.82% |
| Min. Investment | $1,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.20 |
| Dividend Yield | 3.12% |
| Dividend Growth | 1.86% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 24, 2025 |
| Previous Close | 6.38 |
| YTD Return | -3.45% |
| 1-Year Return | -2.48% |
| 5-Year Return | -4.80% |
| 52-Week Low | 6.30 |
| 52-Week High | 6.80 |
| Beta (5Y) | 0.28 |
| Holdings | 187 |
| Inception Date | Feb 17, 1983 |
About KCTAX
The Fund's investment strategy focuses on CA Municipal Debt with 0.78% total expense ratio. The minimum amount to invest in Deutsche DWS State Tax-Free Income Series: DWS California Tax-Free Income Fund; Class A Shares is $1,000 on a standard taxable account. Deutsche DWS State Tax-Free Income Series: DWS California Tax-Free Income Fund; Class A Shares seeks a high level of current income that is exempt from California state and federal income taxes. The fund invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in securities whose income is free from regular federal and California state income tax.
Performance
KCTAX had a total return of -2.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.85%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FCMAX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class A | 0.76% |
| FCTFX | Fidelity | Fidelity California Municipal Income Fund | 0.43% |
| FIJBX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class Z | 0.40% |
| FCMQX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class I | 0.53% |
| FCMTX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class M | 0.67% |
Top 10 Holdings
17.60% of assets| Name | Symbol | Weight |
|---|---|---|
| M-S-R ENERGY AUTH CALIF GAS REV 7% | CA.MSRPWR 7 11.01.2034 | 2.58% |
| FEDERAL HOME LN MTG CORP MULTIFAMILY VAR RATE CTFS RELATING TO MUN SECS 2.3 | CA.FEDMFH 2.35 12.15.2035 | 2.46% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 07.01.2053 | 1.84% |
| MANTECA CALIF UNI SCH DIST 5.25% | CA.MANSCD 5.25 08.01.2050 | 1.70% |
| CALIFORNIA ST ENTERPRISE DEV AUTH REV 5% | CA.CASDEV 5 08.01.2040 | 1.70% |
| SAN JOSE CALIF FING AUTH WASTEWATER REV 5% | CA.SJSUTL 5 11.01.2052 | 1.67% |
| SACRAMENTO CNTY CALIF ARPT SYS REV 5% | CA.SACAPT 5 07.01.2032 | 1.65% |
| CALIFORNIA ST 5% | CA.CAS 5 11.01.2042 | 1.37% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5.75% | CA.SFOAPT 5.75 05.01.2048 | 1.35% |
| SAN FRANCISCO CALIF CITY & CNTY REDEV AGY SUCCESSOR AGY TAX ALLOCATION 5% | CA.SFRDEV 5 08.01.2046 | 1.29% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 24, 2025 | $0.01703 | Jun 24, 2025 |
| May 23, 2025 | $0.01797 | May 23, 2025 |
| Apr 24, 2025 | $0.01712 | Apr 24, 2025 |
| Mar 25, 2025 | $0.0157 | Mar 25, 2025 |
| Feb 24, 2025 | $0.01662 | Feb 24, 2025 |
| Jan 27, 2025 | $0.01778 | Jan 27, 2025 |