DWS California Tax-Free Income Fund - Class C (KCTCX)
| Fund Assets | 375.72M |
| Expense Ratio | 1.57% |
| Min. Investment | $1,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.15 |
| Dividend Yield | 2.37% |
| Dividend Growth | 2.41% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 25, 2025 |
| Previous Close | 6.36 |
| YTD Return | -2.52% |
| 1-Year Return | 0.06% |
| 5-Year Return | -2.65% |
| 52-Week Low | n/a |
| 52-Week High | n/a |
| Beta (5Y) | n/a |
| Holdings | 182 |
| Inception Date | May 31, 1994 |
About KCTCX
The Fund's investment strategy focuses on CA Municipal Debt with 1.53% total expense ratio. The minimum amount to invest in Deutsche DWS State Tax-Free Income Series: DWS California Tax-Free Income Fund; Class C Shares is $1,000 on a standard taxable account. Deutsche DWS State Tax-Free Income Series: DWS California Tax-Free Income Fund; Class C 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
KCTCX had a total return of 0.06% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.08%.
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
18.88% of assets| Name | Symbol | Weight |
|---|---|---|
| M-S-R ENERGY AUTH CALIF GAS REV 7% | CA MSRPWR 7 11.01.2034 | 2.54% |
| FEDERAL HOME LN MTG CORP MULTIFAMILY VAR RATE CTFS RELATING TO MUN SECS 2.3 | n/a | 2.43% |
| SAN FRANCISCO CALIF CITY & CNTY REDEV AGY SUCCESSOR AGY TAX ALLOCATION 5% | n/a | 2.18% |
| UNIV CALIF REGTS MED CTR POOLED REV 0.85% | n/a | 1.98% |
| ORANGE CNTY CALIF WTR DIST REV CTFS PARTN 0.98% | n/a | 1.98% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA CCEDEV 07.01.2053 | 1.78% |
| SAN JOSE CALIF FING AUTH WASTEWATER REV 5% | CA SJSUTL 5 11.01.2052 | 1.65% |
| SACRAMENTO CNTY CALIF ARPT SYS REV 5% | n/a | 1.59% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4% | CA CCEDEV 02.01.2052 | 1.38% |
| CALIFORNIA ST 5% | CA CAS 5 11.01.2042 | 1.35% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 25, 2025 | $0.01163 | Mar 25, 2025 |
| Feb 24, 2025 | $0.01273 | Feb 24, 2025 |
| Jan 27, 2025 | $0.01322 | Jan 27, 2025 |
| Dec 24, 2024 | $0.01224 | Dec 24, 2024 |
| Nov 22, 2024 | $0.01177 | Nov 22, 2024 |
| Oct 25, 2024 | $0.01323 | Oct 25, 2024 |