SDCSX Performance — DWS California Tax-Free Income Fund, Class S
Data updated: 2026-07-24
SDCSX returned +1.88% year to date and +7.29% over one year to May 2026. Annualised returns are +4.13% over 3 years and +0.63% over 5 years. The fund beat its Long-Term Municipal Bond category average: $100 invested three years ago grew to $113, against $112 for the category, and to $107 over one year, against $107. Volatility over the past three years was 6.25% a year. In the 12 months to May 2026 the fund lost a net $8.2M, and assets reached $312.61M.
SDCSX Growth of $100
What $100 invested in DWS California Tax-Free Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | SDCSX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $107 | $107 |
| 3 years (Jun 2023 – May 2026) | $113 | $112 |
| 5 years (Jun 2021 – May 2026) | $103 | $103 |
| Since data start (Sep 2019 – May 2026) | $108 | $109 |
SDCSX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.88% |
| 1 year | +7.29% |
| 3 years (annualised) | +4.13% |
| 5 years (annualised) | +0.63% |
SDCSX Annual Returns
Calendar-year total returns of DWS California Tax-Free Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.88% |
| 2025 | +3.41% |
| 2024 | +2.42% |
| 2023 | +6.38% |
| 2022 | −10.94% |
| 2021 | +2.43% |
| 2020 | +3.55% |
| 2019 (Sep–Dec) | −0.02% |
SDCSX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.6% | +1.7% | −2.2% | +1.2% | +0.6% | — | — | — | — | — | — | — |
| 2025 | +0.3% | +1.2% | −1.5% | −1.1% | −0.6% | +0.4% | −0.7% | +0.8% | +3.0% | +1.5% | +0.4% | −0.3% |
| 2024 | 0.0% | +0.3% | +0.3% | −1.4% | +0.1% | +1.8% | +0.9% | +0.9% | +1.2% | −1.5% | +1.5% | −1.5% |
| 2023 | +3.0% | −2.3% | +1.5% | +0.3% | −0.8% | +1.1% | +0.4% | −1.4% | −3.1% | −2.0% | +7.0% | +2.9% |
| 2022 | −3.0% | −0.7% | −3.4% | −3.7% | +1.3% | −2.4% | +3.2% | −2.3% | −4.3% | −1.3% | +5.5% | +0.1% |
| 2021 | +0.9% | −1.7% | +0.6% | +1.1% | +0.6% | +0.4% | +1.0% | −0.6% | −0.8% | −0.2% | +1.1% | 0.0% |
| 2020 | +1.8% | +1.4% | −5.3% | −1.8% | +3.0% | +1.1% | +1.7% | −0.5% | 0.0% | −0.2% | +1.8% | +0.7% |
| 2019 | — | — | — | — | — | — | — | — | −0.6% | +0.1% | +0.1% | +0.4% |
SDCSX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 6.25%
- 3-year Sharpe ratio: -0.06 (vs 4.5% risk-free rate)
- Best month: +7.04% (Nov 2023)
- Worst month: −3.14% (Sep 2023)
SDCSX Fund Flows
Monthly money in and out of DWS California Tax-Free Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$8.2M
- 12-month gross sales (incl. reinvestments): $60.9M
- Sales ÷ redemptions: 0.88×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $1.8M | $2.2M | −$390K |
| Apr 2026 | $4.6M | $7.0M | −$2.4M |
| Mar 2026 | $5.0M | $4.9M | $137K |
| Feb 2026 | $6.5M | $2.5M | $4.0M |
| Jan 2026 | $6.6M | $3.1M | $3.5M |
| Dec 2025 | $4.2M | $12.7M | −$8.4M |
| Nov 2025 | $1.9M | $3.7M | −$1.7M |
| Oct 2025 | $5.9M | $4.3M | $1.5M |
| Sep 2025 | $7.8M | $3.0M | $4.8M |
| Aug 2025 | $5.3M | $10.4M | −$5.1M |
| Jul 2025 | $6.4M | $4.3M | $2.1M |
| Jun 2025 | $4.9M | $11.0M | −$6.1M |
SDCSX Assets Under Management
Net assets of DWS California Tax-Free Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $312.61M |
| 2026-02-28 | $319.55M |
| 2025-11-30 | $317.32M |
| 2025-08-31 | $300.69M |
| 2025-05-31 | $310.39M |
| 2025-02-28 | $323.73M |
| 2024-11-30 | $327.99M |
| 2024-08-31 | $340.78M |
| 2024-05-31 | $338.87M |
| 2024-02-29 | $357.32M |
| 2023-11-30 | $359.86M |
| 2023-08-31 | $363.96M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.