KCTAX — DWS California Tax-Free Income Fund
Data updated: 2026-07-24
KCTAX — DWS California Tax-Free Income Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $312.61M AUM · 0.81% expense ratio · 6.8% 1-yr return. From SEC regulatory filings.
KCTAX Fund Overview
KCTAX — DWS California Tax-Free Income Fund is a US mutual fund managed by Deutsche Dws State Tax-Free Income Series, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Deutsche Dws State Tax-Free Income Series
- Category: Long Municipal - National Bond
- Assets under management: $312.61M
- 1-year return: 6.8%
- Ticker: KCTAX
- SEC CIK: 0000714287
- SEC series ID: S000006111
- Share class ID: C000016814
KCTAX Holdings
Top 10 holdings of DWS California Tax-Free Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| M-S-R Energy Authority | 2.63% |
| FHLMC Multifamily VRD Certificates | 2.26% |
| California Community Choice Financing Authority | 1.84% |
| California Enterprise Development Authority | 1.78% |
| Manteca Unified School District | 1.74% |
| Los Angeles County Public Works Financing Authority | 1.73% |
| City of San Francisco CA Public Utilities Commission Water Revenue | 1.72% |
| City of Irvine CA | 1.71% |
| San Diego Public Facilities Financing Authority | 1.71% |
| California State Public Works Board | 1.70% |
KCTAX Portfolio Allocation
Asset-class allocation of DWS California Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 103.3% |
KCTAX Performance
Total returns for KCTAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.4% |
| 1 year | 6.8% |
| 3 years (annualised) | 3.7% |
| 5 years (annualised) | 0.3% |
KCTAX Risk Information
Risk metrics for KCTAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.5%
KCTAX Costs and Fees
KCTAX costs about $81 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.81%
- Gross expense ratio: 0.92%
- Portfolio turnover: 58%
- Brokerage commissions: 0.25 bps of average net assets (SEC N-CEN)
KCTAX Cashflows
Over the 12 months to 2026-02, DWS California Tax-Free Income Fund had net outflows of $5.68M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | $3.95M |
| 2026-01 | $3.49M |
| 2025-12 | −$8.42M |
| 2025-11 | −$1.73M |
| 2025-10 | $1.53M |
| 2025-09 | $4.79M |
KCTAX Debt Constituents
Largest debt holdings of DWS California Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| M-S-R Energy Authority | 2.63% |
| FHLMC Multifamily VRD Certificates | 2.26% |
| California Community Choice Financing Authority | 1.84% |
| California Enterprise Development Authority | 1.78% |
| Manteca Unified School District | 1.74% |
| Los Angeles County Public Works Financing Authority | 1.73% |
| City of San Francisco CA Public Utilities Commission Water Revenue | 1.72% |
| City of Irvine CA | 1.71% |
| San Diego Public Facilities Financing Authority | 1.71% |
| California State Public Works Board | 1.70% |
KCTAX Prospectus and SEC Filings
Official DWS California Tax-Free Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.