DWS California Tax-Free Income Fund - Class A (KCTAX)
| Fund Assets | 319.55M |
| Expense Ratio | 0.82% |
| Min. Investment | $1,000 |
| Turnover | 58.00% |
| Dividend (ttm) | 0.20 |
| Dividend Yield | 2.98% |
| Dividend Growth | 8.94% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 25, 2026 |
| Previous Close | 6.56 |
| YTD Return | 0.26% |
| 1-Year Return | 3.99% |
| 5-Year Return | 0.23% |
| 52-Week Low | 6.30 |
| 52-Week High | 6.71 |
| Beta (5Y) | 0.32 |
| Holdings | 180 |
| Inception Date | Feb 17, 1983 |
About KCTAX
DWS California Tax-Free Income Fund Class A is a municipal bond mutual fund designed to provide investors with a high level of income that is exempt from both California state and federal income taxes. The fund primarily invests at least 80% of its assets in municipal securities issued within California, focusing on revenue and general obligation bonds related to public services, infrastructure, and clean energy projects. It targets an intermediate-to-long duration, typically in the range of five to nine years, with an effective duration close to seven years. This fund appeals most to individual California residents seeking tax-efficient income, as its structure is optimized for those facing substantial state and federal tax liabilities. Managed actively by an experienced team, DWS California Tax-Free Income Fund Class A maintains diversified holdings to balance tax-exempt yield with credit and interest rate risk. With a monthly income distribution schedule and a notable presence in the California muni bond market, the fund plays a key role for investors focused on preserving after-tax income while supporting essential sectors within the state.
Performance
KCTAX had a total return of 3.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.96%.
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% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 25, 2026 | $0.01868 | Mar 25, 2026 |
| Feb 23, 2026 | $0.01843 | Feb 23, 2026 |
| Jan 27, 2026 | $0.02051 | Jan 27, 2026 |
| Dec 24, 2025 | $0.01984 | Dec 24, 2025 |
| Nov 21, 2025 | $0.01667 | Nov 21, 2025 |
| Oct 27, 2025 | $0.01964 | Oct 27, 2025 |