Schwab California Tax-Free Bond Fund™ (SWCAX)
| Fund Assets | 552.61M |
| Expense Ratio | 0.38% |
| Min. Investment | $0.00 |
| Turnover | 35.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.17% |
| Dividend Growth | 2.11% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 11.23 |
| YTD Return | 1.34% |
| 1-Year Return | 5.27% |
| 5-Year Return | 4.15% |
| 52-Week Low | 10.32 |
| 52-Week High | 11.23 |
| Beta (5Y) | 0.21 |
| Holdings | 402 |
| Inception Date | Feb 24, 1992 |
About SWCAX
Schwab California Tax-Free Bond Fund is an actively managed municipal bond mutual fund focused on delivering a high level of current income that is exempt from federal and California personal income taxes, while emphasizing capital preservation. The fund primarily invests in investment-grade securities issued by California state and local entities, allocating at least 80% of net assets to municipal bonds whose interest is exempt from both federal and California personal income tax, including the alternative minimum tax. Its portfolio spans essential-service and infrastructure financings such as transportation, airports, water districts, schools, and clean energy projects, reflecting broad exposure to the state’s public finance ecosystem. The strategy leverages dedicated credit research and active risk management to balance income generation with credit quality and interest rate sensitivity typical of the intermediate muni category. With no investment minimums and a no-load structure, the fund provides accessible, tax-efficient fixed income exposure tailored to California residents seeking municipal income within a diversified, investment-grade framework.
Performance
SWCAX had a total return of 5.27% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.44%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.0291 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03073 | Dec 31, 2025 |
| Nov 28, 2025 | $0.028 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03194 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02922 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03075 | Aug 29, 2025 |