DWS California Tax-Free Income Fund Institutional (DCLIX)
6.49
+0.01
(+0.15%)
USD |
Sep 09 2025
Key Stats
Customize
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.57% | 306.09M | -- | 49.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -33.39M | -0.40% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund 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. |
| General | |
| Security Type | Mutual Fund |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | California Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | California Municipal Debt Funds |
| Fund Owner Firm Name | DWS |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
64
-70.16M
Peer Group Low
168.01M
Peer Group High
1 Year
% Rank:
63
-33.39M
-443.37M
Peer Group Low
1.068B
Peer Group High
3 Months
% Rank:
55
-257.36M
Peer Group Low
293.38M
Peer Group High
3 Years
% Rank:
70
-2.217B
Peer Group Low
1.362B
Peer Group High
6 Months
% Rank:
46
-491.88M
Peer Group Low
776.78M
Peer Group High
5 Years
% Rank:
80
-3.740B
Peer Group Low
1.743B
Peer Group High
YTD
% Rank:
46
-277.02M
Peer Group Low
742.18M
Peer Group High
10 Years
% Rank:
92
-3.260B
Peer Group Low
2.760B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of September 10, 2025.
Asset Allocation
As of July 31, 2025.
| Type | % Net |
|---|---|
| Cash | 0.00% |
| Stock | 0.00% |
| Bond | 100.0% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.00% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| M-S-R ENERGY AUTH CALIF GAS REV CA 7.000 11/01/2034 | 2.66% | 122.02 | 0.17% |
| FEDERAL HOME LN MTG CORP MULTIFAMILY VAR RATE CTFS RELATING TO MUN SECS VA 2.350 12/15/2035 | 2.53% | -- | -- |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV CA 5.000 07/01/2053 | 1.89% | 106.62 | 0.13% |
| CALIFORNIA ST ENTERPRISE DEV AUTH REV CA 5.000 08/01/2040 | 1.73% | -- | -- |
| MANTECA CALIF UNI SCH DIST CA 5.250 08/01/2050 | 1.72% | 107.81 | 0.31% |
| SACRAMENTO CNTY CALIF ARPT SYS REV CA 5.000 07/01/2032 | 1.70% | -- | -- |
| SAN JOSE CALIF FING AUTH WASTEWATER REV CA 5.000 11/01/2052 | 1.67% | 104.28 | 0.24% |
| CALIFORNIA ST CA 5.000 11/01/2042 | 1.37% | 106.30 | 0.24% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV CA 5.750 05/01/2048 | 1.37% | -- | -- |
| SAN FRANCISCO CALIF CITY & CNTY REDEV AGY SUCCESSOR AGY TAX ALLOCATION CA 5.000 08/01/2046 | 1.32% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.28% |
| Administration Fee | 12.38K% |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | -- |
| Available for RRSP | -- |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 1.00M None |
| Minimum Subsequent Investment | 0.00 None |
Basic Info
| Investment Strategy | |
| The Fund 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. |
| General | |
| Security Type | Mutual Fund |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | California Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | California Municipal Debt Funds |
| Fund Owner Firm Name | DWS |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (9-8-25) | 3.40% |
| 30-Day SEC Yield (7-31-25) | 3.99% |
| 7-Day SEC Yield | -- |
| Bond | |
| Yield to Maturity (7-31-25) | 4.44% |
| Average Coupon | 4.79% |
| Calculated Average Quality | 2.647 |
| Effective Maturity | 15.88 |
| Nominal Maturity | 20.15 |
As of July 31, 2025
Fund Details
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:DCLIX", "name") |
| Broad Asset Class: =YCI("M:DCLIX", "broad_asset_class") |
| Broad Category: =YCI("M:DCLIX", "broad_category_group") |
| Prospectus Objective: =YCI("M:DCLIX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |