Morningstar

DWS California Tax-Free Income Fund Institutional Class DCLIX

Morningstar Medalist Rating
Medalist Rating as of | See DWS Investment Hub
  • NAV / 1-Day Return 6.56  /  +0.15 %
  • Total Assets 313.1M
  • Adj. Expense Ratio
    0.550%
  • Expense Ratio 0.550%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 3.70%
  • Effective Duration 9.49 years

USD | NAV as of Aug 13, 2026 | 1-Day Return as of Aug 13, 2026, 2:06 AM GMT+0

Morningstar’s Analysis DCLIX

Will DCLIX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DCLIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the DCLIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of DCLIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

DWS California Tax-Free Income Instl holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings DCLIX

More DCLIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

M-S-R ENERGY AUTH CALIF GAS REV 7%

2.64 8M
municipal

FEDERAL HOME LN MTG CORP MULTIFAMILY VAR RATE CTFS RELATING TO MUN SECS 2.3

2.27 7M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.84 6M
municipal

CALIFORNIA ST ENTERPRISE DEV AUTH REV 5%

1.79 6M
municipal

MANTECA CALIF UNI SCH DIST 5.25%

1.74 5M
municipal

IRVINE CALIF SPL TAX 5%

1.71 5M
municipal

SAN DIEGO CALIF PUB FACS FING AUTH LEASE REV 5.25%

1.71 5M
municipal

SAN JOSE CALIF FING AUTH WASTEWATER REV 5%

1.69 5M
municipal

COLTON CALIF JT UNI SCH DIST 5%

1.67 5M
municipal

CALIFORNIA ST 5%

1.40 4M
municipal

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